Category: BUSINESS

China’s import and export growth accelerated in August despite disruptions due to the spread of the coronavirus’s delta variant. Exports rose 25.6% over a year earlier to 294.3 billion, up from July’s 18.9% growth, customs data showed Tuesday. Imports rose 33.1% to 236 billion, up from the previous month’s 28.7%. That came despite lingering disruptions in industrial production chains due to last year’s global economic shutdown and a renewed rise in infections in the United States and some other markets that have dampened consumer sentiment. China has so far defied…

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 Equity benchmark Sensex jumped over 250 points in early trade to scale the 58,000-level for the first time on Friday, led by gains in index majors Reliance Industries, Kotak Bank and ICICI Bank amid a positive trend in global markets and sustained foreign fund inflows. Similarly, the broader NSE Nifty too crossed the 17,300-mark in the opening session. The 30-share Sensex was trading 250.75 points or 0.43 per cent up at its lifetime high of 58,103.29, and Nifty advanced 67.65 points or 0.39 per cent to record 17,301.80 in initial…

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Equity benchmark Sensex jumped over 250 points in early trade to scale the 58,000-level for the first time on Friday, led by gains in index majors Reliance Industries, Kotak Bank and ICICI Bank amid a positive trend in global markets and sustained foreign fund inflows. Similarly, the broader NSE Nifty too crossed the 17,300-mark in the opening session. The 30-share Sensex was trading 250.75 points or 0.43 per cent up at its lifetime high of 58,103.29, and Nifty advanced 67.65 points or 0.39 per cent to record 17,301.80 in initial…

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Tata Motors on Tuesday launched its second electric vehicle — Tigor EV, catering to the personal segment in the domestic market, priced between Rs 11.99 lakh and Rs 13.14 lakh (ex-showroom). The model comes in three variants, priced at Rs 11.99 lakh, Rs 12.49 lakh and Rs 12.99 lakh. A dual tone top-end trim is tagged at Rs 13.14 lakh. The auto major has already achieved success with its first electric model, Nexon EV and now commences deliveries of Tigor EV from around 150 sales outlets in 70 cities across…

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Apple has agreed to let developers of iPhone apps email their users about cheaper ways to pay for digital subscriptions and media by circumventing a commission system that generates billions of dollars annually for the iPhone maker. The concession announced late Thursday, which covers emailed notifications but does not allow in-app notifications, is part of a preliminary settlement of a nearly 2-year-old lawsuit filed on behalf of iPhone app developers in the U.S. It also addresses an issue raised by a federal court judge who is expected to soon rule…

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Asian stock markets were mixed Friday as investors awaited more guidance on the US Federal Reserve’s easing plans. The moves in Asia follow a pullback on Wall Street after the deadly attacks on Afghan civilians and US troops at the Kabul airport on Thursday. Tokyo’s Nikkei 225 lost 0.3 per cent to 27,651.51 while the Kospi in South Korea added 0.3 per cent to 3,139.00. The Hang Seng in Hong Kong was 0.6 per cent higher at 25,559.56. The Shanghai Composite advanced 0.4 per cent to 3,516.13. Sydney’s S&P/ASX 200…

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Equity benchmark indices Sensex and Nifty opened on a choppy note on Thursday, tracking a weak trend in Asian equities and sustained foreign fund outflow. After opening on a negative note, the 30-share index was trading 46.78 points or 0.08 per cent higher at 55,990.99. Similarly, the broader NSE Nifty advanced 16.80 points or 0.10 per cent to 16,651.45. Reliance Industries was the top gainer in the Sensex pack, rising around 1 per cent, followed by HCL Tech, Bajaj Finserv, Asian Paints, Bajaj Auto, Bajaj Finance and L&T. On the…

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The Indian retail segment has its own uniqueness and the country is one of the most exciting markets globally that is poised to grow to over a trillion dollars by 2025, according to Walmart Inc President and CEO Doug McMillon. Speaking at the Converge@Walmart event, McMillon noted that given the diversity of the Indian market, the company has to “think local and execute locally”. “India is such a diverse market, it’s not one country in some ways and so we have to think local and execute locally, and it has…

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The Indian equity benchmarks surged on Tuesday and closed at record highs paced by gains in banking, financial services and metal shares. The Indian equity benchmarks surged on Tuesday and closed at record highs paced by gains in banking, financial services and metal shares. The Sensex rose as much as 467 points and Nifty 50 index reclaimed its important psychological level of 16,600. Investor sentiment turned positive a day after the government announced National Monetisation Pipeline (NMP) wherein the government said that infra assets worth ₹ 6 lakh crore will be monetised…

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The Sensex and Nifty made a positive start to the week on Monday as IT, banking and finance counters saw robust buying amid a supportive trend in global equities. A strengthening rupee, which climbed 17 paise against the US dollar, added to the momentum. Recovering from a two-session slide, the 30-share BSE Sensex darted up 226.47 points or 0.41 per cent to close at 55,555.79. Similarly, the broader NSE Nifty advanced 45.95 points or 0.28 per cent to 16,496.45. HCL Tech was the top gainer in the Sensex pack, spurting…

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