Business and Economy

Monday, May 16, 2022Indices snap out of 6-day losing streak, Sensex gains 180 points

The benchmark equity indices on the BSE and National Stock Exchange (NSE) snapped out of a six-session losing streak and ended over 0.3 per cent higher on Monday led by financial stocks.

The S&P BSE Sensex rose 180.22 points (0.34 per cent) to end at 52,973.84 and the Nifty 50 climbed 60.15 points (0.38 per cent) to settle at 15,842.30. Both the indices had opened on a positive note earlier in


Monday, May 16, 2022Former PM Imran Khan’s security beefed up after “assassination plot” claims

The Pakistan government on Monday beefed up security for former Prime Minister Imran Khan, two days after he claimed that there was a plot to assassinate him, according to a media report.

Khan claimed on Saturday that a “conspiracy” to assassinate him was being hatched in Pakistan and abroad, warning that if anything happens to him, the people will come to know about the perpetrators through a


Monday, May 16, 2022Gold, Silver Prices Today: Gold slips Rs 98/10 gm, silver gains Rs 577/kg

Gold prices opened a tad lower while that of silver rose sharply in the key spot markets of the country on Monday, May 16, 2022.

The opening price for 999 purity gold was Rs 50,367 per 10 grams, down Rs 98 from Friday’s closing price of Rs 50,465, while that of 999 purity silver was Rs 59,683 per kg, up Rs 577 from Rs 59,106.

On the Multi Commodity Exchange of India (MCX), the gold contract


Friday, May 13, 2022Elon Musk says $44-billion Twitter deal temporarily on hold

Elon Musk said on Friday his $44-billion deal for Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts.
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk said in a tweet.

Shares of the social media company fell 20% in premarket trading. Twitter did not immediately r


Thursday, May 12, 2022Sensex crashes 1,158 points, Nifty holds 15,800-mark on weak global cues

Extending their losses for the fifth consecutive session, the frontline equity indices on the BSE and National Stock Exchange (NSE) ended over 2 per cent lower on Thursday tracking the weakness in the global market.

the S&P BSE Sensex crashed 1,158.08 points (2.14 per cent) to settle at 52,930.31, while the Nifty 50 ended at 15,808.00, down 359.10 points (2.22 per cent). Both the indices had o