Economic times latest news

Here are the latest news updates from The Economic Times:

Top Stories

  1. Sensex surges 444 points, Nifty ends above 14,800: The Indian equity market witnessed a strong rally on Friday, with the Sensex surging 444 points to close at 49,563 and the Nifty ending above 14,800.
  2. India's GDP growth rate may slow down to 7.3% in FY22: The Reserve Bank of India (RBI) has forecasted that India's GDP growth rate may slow down to 7.3% in the current fiscal year, citing the impact of the COVID-19 pandemic and global economic uncertainty.
  3. India's trade deficit widens to $13.7 billion in October: India's trade deficit has widened to $13.7 billion in October, driven by a surge in imports and a decline in exports, according to data released by the Ministry of Commerce and Industry.
  4. RBI to conduct special OMO to inject liquidity: The Reserve Bank of India (RBI) has announced that it will conduct a special open market operation (OMO) to inject liquidity into the system, in a bid to ease cash crunch and support the economy.
  5. India's services sector growth slows down in November: The services sector, which accounts for over 60% of India's GDP, has witnessed a slowdown in growth in November, according to a survey by the Institute of Chartered Accountants of India (ICAI).

Business News

  1. Tata Steel to acquire UK-based ThyssenKrupp's steel business: Tata Steel has agreed to acquire ThyssenKrupp's steel business in the UK, in a deal worth £1.1 billion (approximately Rs 10,500 crore).
  2. Reliance Industries to invest Rs 30,000 crore in Jio: Reliance Industries has announced plans to invest Rs 30,000 crore in its telecom arm, Jio, to expand its 4G network and launch 5G services.
  3. HDFC Bank to raise Rs 24,000 crore through QIP: HDFC Bank has announced plans to raise Rs 24,000 crore through a qualified institutional placement (QIP) to strengthen its capital base.
  4. Maruti Suzuki to launch new SUV, Brezza, in 2022: Maruti Suzuki has announced plans to launch a new SUV, Brezza, in 2022, which will be its first compact SUV in the Indian market.
  5. Bharat Petroleum to invest Rs 1.5 lakh crore in next 5 years: Bharat Petroleum has announced plans to invest Rs 1.5 lakh crore in the next five years to expand its refining capacity and upgrade its infrastructure.

Market News

  1. Sensex, Nifty end in the green: The Indian equity market ended in the green on Friday, with the Sensex surging 444 points to close at 49,563 and the Nifty ending above 14,800.
  2. Rupee weakens against US dollar: The Indian rupee weakened against the US dollar on Friday, closing at 74.45 against the US dollar.
  3. Gold prices rise: Gold prices rose on Friday, with the yellow metal trading at Rs 47,500 per 10 grams.
  4. Crude oil prices fall: Crude oil prices fell on Friday, with Brent crude trading at $48.50 per barrel.
  5. Dollar index falls: The US dollar index fell on Friday, with the dollar weakening against a basket of currencies.

These are the latest news updates from The Economic Times. Please note that the news and prices are subject to change and may not reflect the current market situation.