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  • Business

    US China trade deal cuts tariffs for Beijing promise of big farm purchases

    Beijing has agreed to import at least USD 200 billion in additional US goods and services over the next two years. Washington/Beijing: The United States and China cooled their trade war on Friday, announcing a "Phase one" agreement that reduces some US tariffs in exchange for what US officials said would be a big jump in Chinese purchases of American farm...

    • 18 hrs ago
  • Business

    Forex reserves soar to touch all-time high of USD 453 billion

    The country's reserve position with the International Monetary Fund also increased by USD 15 million to USD 3.644 billion, the data showed. Mumbai: The country's foreign exchange reserves surged by USD 2.342 billion to touch a life-time high of USD 453.422 billion in the week to December 6, according to the RBI data. In the previous week, the reserves had increased by USD...

    • 20 hrs ago
  • Business

    Sensex zooms 428 pts; Nifty ends near 12,100

    After hitting a high of 41,055.80 points, the 30-share BSE Sensex ended 428 points, or 1.05 per cent, higher at 41,009.71. Mumbai: Market benchmark Sensex soared 428 points on Friday, tracking strong gains in global equities led by optimism over US-China trade deal and Boris Johnson's win in UK general elections. Similarly, the broader NSE Nifty settled 114.90 points, or 0.96 per cent, higher at...

    • 2 days ago
  • Business

    Rupee rises 33 paise to 70.50 against USD in early trade

    Forex traders said the news that the US and China are very close to reaching a trade deal supported the local unit. Mumbai: The Indian rupee appreciated by 33 paise to 70.50 against the US dollar in early trade on Friday as gains in domestic equity market and positive developments on the US-China trade talk front strengthened investor sentiments. At the interbank foreign exchange the...

    • 2 days ago
  • Business

    Sensex rises over 250 points on strong global cues; Nifty above 12K

    After rising 284 points in early session, the 30-share Sensex was trading 244.04 points or 0.60 per cent higher at 40,825.75. Mumbai: Market benchmark BSE Sensex jumped over 250 points on Friday led by global euphoria over progress in US-China trade and likely Conservative Party win in UK general elections. After rising 284 points in early session, the 30-share index was...

    • 2 days ago
  • Business

    More brokerages may have used clients' funds

    "Any such increase in costs could strain smaller brokerages financially," the source said. New Delhi: After the recent Karvy demat account scam, over 30 broking houses are suspected to be indulging in unethical practice of utilising the margin money of customers. The power of attorney (PoA) - that a customer gives to the broker during the opening of the demat account to execute trades on...

    • 2 days ago
  • Business

    Free trade fails to boost exports, imports grow

    According to the government, these agreements are meant to provide opportunities for exports to these trading partners at preferential duties. Chennai: Free Trade Agreements (FTAs) have not benefitted India much. Exports to countries with whom India has entered into FTAs have grown by a meagre 10 per cent in FY19, while the imports have grown by 27 per cent. Imports as such are higher by 18.5 per...

    • 2 days ago
  • Business

    Maserati drives in Ghibli, Quattroporte sedans to India

    The Maserati luxury petrol cars can be ordered at the company's dealerships across the country. Pune: Italian super sports car maker Maserati, on Thursday introduced the petrol derivatives of the Ghibli, Quattroporte sedans and the Levante sports utility vehicle for the first time in Asia's third biggest economy as part of its 2020 range to expand its customer base. Prices start...

    • 2 days ago
  • Business

    Sensex, Nifty gain ahead of macro data; Tata Motors rallies 7 per cent

    After rallying over 300 points, the 30-share BSE Sensex ended 169.14 points, or 0.42 per cent, higher at 40,581.71. Mumbai: Market benchmark Sensex on Thursday rose by 169 points on the back of gains in index heavyweights HDFC Bank, Kotak Bank and SBI amid positive cues from global equities. Similarly, the broader NSE Nifty settled 61.65 points, or 0.52 per cent, higher at...

    • 3 days ago
  • Business

    Centre releases PM-KISAN funds to 43.20 lakh Andhra farmers till Nov

    As per the agriculture ministry data, the central government has released funds to 43.20 lakh farmers. New Delhi: As many as 43.20 lakh farmers from Andhra Pradesh have received funds from the Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan) till November this year, under which the central government gives Rs 6,000 per annum in three equal installments. As per the...

    • 3 days ago

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