Business news india today

Here are the latest business news from India today:

Top Stories

  1. Sensex surges 450 points, Nifty above 11,600: The Indian stock market witnessed a significant rally today, with the Sensex rising by 450 points and the Nifty crossing the 11,600 mark. (Source: Business Standard)
  2. India's GDP growth slows down to 4.7% in Q2: The Indian economy grew at a slower pace of 4.7% in the second quarter of the current fiscal year, driven by a decline in manufacturing and construction sectors. (Source: The Hindu)
  3. RBI keeps repo rate unchanged, inflation target revised: The Reserve Bank of India (RBI) kept the repo rate unchanged at 5.15% today, while revising its inflation target to 3.5-4.5% for the next quarter. (Source: Livemint)
  4. Tata Steel to acquire UK-based Thyssenkrupp's steel business: Tata Steel has agreed to acquire Thyssenkrupp's steel business in the UK, marking a significant expansion of its global presence. (Source: The Economic Times)
  5. Amazon to invest $1 billion in India's e-commerce market: Amazon has announced plans to invest an additional $1 billion in India's e-commerce market, taking its total investment in the country to $6.5 billion. (Source: The Financial Express)

Sectoral News

  1. IT sector sees 12% growth in Q2: The Indian IT sector witnessed a growth of 12% in the second quarter of the current fiscal year, driven by a strong demand for digital transformation services. (Source: The Hindu BusinessLine)
  2. Pharma sector sees 10% growth in Q2: The Indian pharma sector grew by 10% in the second quarter of the current fiscal year, driven by a strong demand for generic drugs and a favorable regulatory environment. (Source: The Economic Times)
  3. Auto sector sees 5% growth in Q2: The Indian auto sector grew by 5% in the second quarter of the current fiscal year, driven by a strong demand for passenger vehicles and a favorable monsoon season. (Source: Business Standard)

Global News

  1. US-China trade talks to resume next week: The US and China have agreed to resume trade talks next week, with the aim of resolving their trade dispute and avoiding further tariffs. (Source: The New York Times)
  2. Global economy to slow down in 2020: The International Monetary Fund (IMF) has warned that the global economy is likely to slow down in 2020, driven by a decline in global trade and a slowdown in the Chinese economy. (Source: The Financial Times)
  3. Oil prices rise on OPEC output cuts: Oil prices rose today after the Organization of the Petroleum Exporting Countries (OPEC) agreed to cut its output by 500,000 barrels per day to support the global oil market. (Source: Bloomberg)