Business

July 6, 2023 8:33 PM

Finance Minister Nirmala Sitharaman reviews performance of Public Sector Banks

Finance and Corporate Affairs Minister Nirmala Sitharaman chaired a meeting today to review the performance of Public Sector Banks (PSBs).   During the review meeting, discussions were held with the heads of Public Sector Banks on the positive macro trends, improved business sentiments, and twi...

July 6, 2023 5:59 PM

Brent crude prices edged up amidst fears of global economic slowdown

Brent crude prices edged up today amidst tighter crude supply alongside fears of a global economic slowdown.   In intra-day trade, Brent crude was trading at 76 dollars and 71 cents a barrel. West Texas Intermediate crude price was at 71 dollars 91 cents per barrel when reports last came in.&nb...

July 6, 2023 5:57 PM

Gold prices rise Rs 150, trading at Rs 58,620/ 10 gram

Gold prices rose 150 rupees at Multi Commodity Exchange for August contracts. The precious metal was trading at 58,620 rupees per 10 grams. Silver added 55 rupees to trade at 71,410 rupees per kilogram for September Contracts when reports last came in.   In the global markets, gold was trading ...

July 6, 2023 4:33 PM

Asian markets ended with losses

Asian markets today ended with losses. Hong Kong's Hang Seng plunged 3.1 per cent, Japan's Nikkei-225 declined 1.7 per cent and Singapore's Straits Times fell 1.1 per cent. South Korea's Kospi slipped 0.9 per cent and China's Shanghai Composite index ended half a percent dow...

July 6, 2023 4:32 PM

Rupee closes at 82.51 against US dollar

In the forex market, the rupee today closed at 82 rupees and 51 paise against the US dollar.   The dollar index, which indicates the US currency's strength against a basket of six other leading currencies, was at 103.23 in intra-day trade. 

July 5, 2023 6:08 PM

Brent crude trades marginally lower amid concern over global economic slowdown

Brent crude was trading marginally lower today amid concern over a global economic slowdown which overshadowed supply cuts announced this week by top crude exporters Saudi Arabia and Russia.   In intra-day trade, Brent crude was trading at 76 dollars and 20 cents a barrel. West Texas Intermedia...

July 4, 2023 6:48 PM

US stocks ended with slim gains in a holiday-shortened session

US stocks ended with slim gains in a holiday-shortened session yesterday, helped by a surge in Tesla and strength in bank shares. Trading volumes were lighter than average as the stock market closed at 1 p.m. ahead of the July 4th Independence Day holiday today. Dow Jones Industrial Average ended in...

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