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Stock Market LIVE Updates: HUL, Airtel, ICICI Bk drag Sensex 260 pts to 79,860; smallcaps outperform
Sensex Today | Stock Market LIVE Updates: The broader markets are muted with the Nifty Midcap100 lower by 0.06 per cent and the Nifty Smallcap 100 trading higher by 0.40 per cent
8:41 AM
Stock Market LIVE Updates: World Bank trims India's FY26 growth forecast to 6.3% amid uncertainty
Stock Market LIVE Updates: Highlighting global economic weakness and policy uncertainty, the World Bank on Wednesday lowered India's growth forecast by 40 basis points to 6.3 per cent, a day after the IMF revised its estimate down to 6.2 per cent for FY 2025-26.
The Reserve Bank of India (RBI) also recently cut its growth projection to 6.5 per cent, down from the earlier estimate of 6.7 per cent.
In its October 2024 forecast, the World Bank had initially projected India's economic growth at 6.7 per cent. READ MORE
8:34 AM
Stock Market LIVE Updates: Stocks to Watch, April 24: Tata Consumer, LTIMindtree, NHPC, Bajaj Finance
Stock Market LIVE Updates: Tata Consumer Products: The FMCG giant posted a significant 59.2 per cent surge in net profit attributable to shareholders, reaching ₹345 crore in Q4 of FY 2024-25. Net sales for the quarter climbed 17.3 per cent to ₹4,608 crore, while underlying volume growth in its India-branded business stood at 5.9 per cent, excluding acquisitions. READ MORE
8:03 AM
Stock Market LIVE Updates: Asia-Pacific markets mixed
Stock Market LIVE Updates: Markets in the Asia-Pacific region were mixed mixed on Thursday, as Trump's less confrontational comments about tariffs on China, fuelled optimism regarding a possible thaw in US-China trade war.
Japan's benchmark Nikkei 225 climbed 0.97 per cent, and the Topix gained 0.91 per cent. South Korea's Kospi slipped 0.67 per cent and the small-cap Kosdaq slipped 0.18 per cent.
Australia's S&P/ASX 200 gained 0.58 per cent.
Hong Kong's Hang Seng index dragged 0.29 per cent while mainland China's CSI 300 was higher by 0.21 per cent.
7:54 AM
Stock Market LIVE Updates: Wall Street closes higher
Stock Market LIVE Updates: US stocks rose on Wednesday, after US President Donald Trump inidcated a less confrontational approach to negotitations with China on trade tariffs.
The Dow Jones gained 1.07 per cent to close at 39,606.57, the S&P 500 climbed 1.67 per cent to end at 5,375.86, and the Nasdaq Composite advancing 2.50 per cent to settle at 16,708.05.
Futures linked to the SP 500 were up marginally by 0.08 per cent, Nasdaq 100 futures were flat, while Dow Jones futures were down 0.15 per cent.
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India.com
24 minutes ago
- India.com
Modi govt's big achievement in 11 years, extreme poverty rate drops to..., extremely poor people are from states like...., world bank says...
Modi govt's big achievement in 11 years, extreme poverty rate drops to..., extremely poor people are from states like...., world bank says... According to the latest data of the World Bank, as an important achievement under the Prime Minister Narendra Modi, India has made progress in reducing its extreme poverty rate in the last decade. The extreme poverty rate in the country has been recorded to have come down from 27.1 percent in 2011-12 to 5.3 percent in 2022-23. A total of 344.47 million people were living in extreme poverty in India during 2011-12, which has come down to about 75.24 million people during 2022-23. According to the World Bank data, as a significant progress in India, 269 million individuals were lifted out of extreme poverty in about 11 years. 65 percent of India's extremely poor people lived in five states of Uttar Pradesh, Maharashtra, Bihar, West Bengal and Madhya Pradesh during 2011-12. At the same time, these states contributed to two-thirds of the total decline in extreme poverty by 2022-23. The latest World Bank data shows that in absolute terms, the number of people living in extreme poverty has fallen from 344.47 million to just 75.24 million. The World Bank's assessment is based on the international poverty line of $3.00 per day (using 2021 prices), which shows widespread deprivation in both rural and urban areas. According to World Bank estimates, the share of Indians living in extreme poverty at $2.15 per day (the previous poverty line based on 2017 prices) is 2.3 percent, down sharply from 16.2 percent recorded in 2011-12. According to the latest data, the number of people living below the poverty line of $2.15 per day is recorded at 33.66 million in 2022 from 205.93 million in 2011. The data also revealed that this sharp decline was observed uniformly, with rural extreme poverty declining from 18.4 per cent to 2.8 per cent and urban extreme poverty declining from 10.7 per cent to 1.1 per cent in the last 11 years. Moreover, India has also made tremendous progress in reducing multidimensional poverty. According to the data, the Multidimensional Poverty Index (MPI) declined from 53.8 per cent in 2005-06 to 16.4 per cent by 2019-21 and further declined to 15.5 per cent in 2022-23.
Mint
35 minutes ago
- Mint
Trump's Patience With Putin Leaves Senate Sanctions Push on Hold
President Donald Trump's suggestion that he may let Russia and Ukraine keep fighting has left US lawmakers in an awkward spot over their plan to force a ceasefire with 'bone-crushing' sanctions against Moscow. The Senate bill has more than 80 co-sponsors, an all-but-unheard-of level of bipartisan support. Yet although that kind of veto-proof backing is enough for the Senate to press ahead without White House backing, supporters show no sign they're ready to challenge the president. Trump's comments on Thursday — he said he hadn't even looked at the bill, but will do what he wants 'at the right time' — put the brakes on what had seemed to be an accelerating push to advance the proposal as soon as this month. Republican co-author Lindsey Graham, who said earlier in the week that he aimed to have the Senate plan in place by the Group of Seven leaders' summit to be held in Kananaskis, Alberta, -17, seemed to ease off the gas in a tweet after Trump's comments. 'I have coordinated closely with the White House on this endeavor from day one,' he wrote. Trump, however, has shown little interest in backing Graham's plan, and the White House has insisted that any decision on sanctions will be the president's alone. Instead, he's signaled he may walk away from efforts to force a settlement amid growing frustration with his inability to deliver the quick peace deal he promised on the campaign trail. Graham's Democrat co-author Richard Blumenthal said the pair are still working on changes to the bill to make it more acceptable to the White House. European leaders, meanwhile, are pushing ahead with plans to impose more restrictions on Russian financial institutions and the shadow fleet of tankers Moscow uses to export its oil. Those limits have squeezed Russia's economy — but not President Vladimir Putin's resolve to continue fighting. Russia's war in Ukraine, conceived as a days- or weeks-long 'special military operation,' is well into its fourth year. German Chancellor Friedrich Merz made the case for turning up the heat on Putin during an Oval Office meeting with Trump on Thursday, but came away sounding cautious. 'I asked the president to go along with us to put more pressure on this government, on Putin, to come to an end with this terrible war,' Merz told Fox News. 'I was a little bit more optimistic a couple of weeks ago, when the first diplomatic initiatives were more or less successful.' Since then, talks have moved slowly amid a yawning gulf between Russian and Ukrainian demands, and fighting has raged. A daring Ukrainian strike on June 1, using drones smuggled into Russia to hit its strategic bombers at bases thousands of miles from the front lines, provided a stunning show of Kyiv's capabilities. While some in the US administration were privately impressed with the attack, there were also signs of unhappiness that it would only harden Putin's resolve to fight on, according to allied officials who asked not to be identified discussing matters that aren't public. Trump said he'd asked Putin not to retaliate. But the Russian leader rejected that appeal, and mounted deadly new missile and drone strikes on Kyiv and other cities Friday. The attacks continued overnight, including the largest barrage of the war so far against Kharkiv in Ukraine's northeast. At least three people were killed and 21 injured as the city, which had a prewar population of about 1.4 million people, was struck with dozens of drones, aerial glide bombs and at least two missiles, many aimed at apartment buildings and private homes. Pressed by reporters, Trump didn't completely rule out new sanctions, even suggesting that he might impose them on Ukraine as well as Russia. 'They're waiting for me to decide on what to do, and I'll know maybe very soon,' Trump said. 'It's a harsh bill, yeah, very harsh.' Earlier in the week, Trump shared a social media post suggesting the Senate move ahead with the bill to give him leverage against Putin, even if the plan might not make it into law. Andriy Yermak, a top aide to Ukrainian President Volodymyr Zelenskiy, remained hopeful about the plan after a visit to Washington. 'The Graham package contains very painful sanctions. If this is voted through, they will start working very quickly,' he told Ukraine's 1 1 network on Friday. Asked about the prospect Trump might impose restrictions on Kyiv, he said, 'there were no signals on that.' The draconian nature of the penalties in the Senate bill — aimed at cutting off Russia's large and lucrative exports of oil, gas and other products with threats of 500% tariffs on buyers, including big US trading partners like China and India — would make them costly for the US if Putin didn't immediately back down. Global energy prices would spike, just as trade flows seized up. 'It's a risky but courageous proposition,' said Ben Harris, director of economic studies at Brookings Institution. Ukrainian officials estimate cutting oil exports would starve Russia of $60 billion a year, the amount it's currently spending on the war. The bill gives Trump a fail-safe, requiring the administration to certify that Russia isn't serious about peace talks or has violated a ceasefire before imposing the maximum penalties. The measure also codifies many of the sanctions already imposed on Russia, from financial and trade restrictions to bans on top officials. That would complicate any attempt by the administration to seek the potential economic deals with Moscow that Trump has touted without an end to the war. Last month, testifying before the Senate, Secretary of State Marco Rubio made Trump's position clear. The president thinks Russia will likely walk away from Ukraine peace talks if the US threatens more sanctions, he said. With assistance from Alex Wickham, Alberto Nardelli and Olesia Safronova. This article was generated from an automated news agency feed without modifications to text.
Hindustan Times
35 minutes ago
- Hindustan Times
Trump openly warns Elon Musk, reacts to Abrego Garcia's return, Tax bill
During a press briefing aboard Air Force One on June 6, U.S. President Donald Trump openly threatened Elon Musk after their public feud. Trump's warning came after Musk fiercely attacked the administration's signature tax and spending bill, calling it bloated and unfair, and accused Trump of 'ingratitude' for his past political and financial support. Trump also reacted to the return of Kilmar Abrego Garcia, reiterating his tough stance on immigration enforcement. Watch for more
