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Sunday, March 3, 2024

Opec+ extends oil output cuts



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Blue chip demand to help Sensex scale new peaks

After hitting new life-high levels in the previous week, the Sensex and Nifty are expected to continue their northward movement this week on the back of strong buying in blue chips while mid and small-cap stocks could see some correction in the holiday-shortened week. In the previous week, the Sensex on Saturday (in a special sessions) closed just a tad off the 74K mark, at 73,806 points, while Nifty was at 22,378 points.

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FM Sitharaman to inaugurate conference of GST enforcement chiefs on Monday



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Flipkart launches UPI handle

Flipkart has launched its UPI handle powered by Axis Bank for Android users. It can be used for online and offline merchant transactions, e-commerce transactions, recharges, and bill payments. UPI is already a preferred payment option. In 2023, UPI processed over 117 billion transactions worth Rs 182.84 trillion.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qy6aAlY

Saturday, March 2, 2024

Market capitalization of 7 of top-10 most valued companies rose Rs 65,302 crore last week

The combined market valuation of seven of the top 10 most valued firms in India increased by Rs 65,302.5 crore last week. TCS and ICICI Bank were the biggest gainers. Sensex climbed 663.35 points or 0.90%, and Nifty jumped 165.7 points or 0.74%. TCS, HDFC Bank, ICICI Bank, SBI, Bharti Airtel, Hindustan Unilever, and ITC experienced gains in their market capitalization. Reliance Industries, Infosys, and LIC saw a decline.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/cxpkiXL

Friday, March 1, 2024

Thursday, February 29, 2024

France’s economic woes: Debt nears 122% of GDP, growth forecast at just 0.4%

France is grappling with severe economic challenges, marked by soaring public debt nearing 122% of GDP. With government expenditure exceedin...