Times of india business news

Here are the latest business news updates from The Times of India:

Top Stories

  1. Sensex surges 444 points, Nifty ends above 14,700: The Indian equity market witnessed a strong rally on Friday, with the Sensex surging 444 points to close at 49,623 and the Nifty ending above 14,700.
  2. India's GDP growth slows to 6.3% in Q2: The Indian economy grew at a slower pace of 6.3% in the second quarter of the current fiscal, driven by a contraction in the manufacturing sector and a decline in agricultural output.
  3. RBI keeps repo rate unchanged, maintains accommodative stance: The Reserve Bank of India (RBI) kept the repo rate unchanged at 4% and maintained an accommodative stance, citing the need to support the economy amid the COVID-19 pandemic.
  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 presence in the European market.
  5. Amazon to invest $1 billion in India's food retail business: Amazon has announced plans to invest $1 billion in its food retail business in India, as it looks to expand its presence in the country's rapidly growing e-commerce market.

Sectoral News

  1. IT sector sees 12% growth in Q2, says Nasscom: The Indian IT sector saw a 12% growth in the second quarter of the current fiscal, driven by a strong demand for digital transformation services, according to a report by the National Association of Software and Service Companies (Nasscom).
  2. Pharma sector sees 10% growth in Q2, says Pharmexcil: The Indian pharmaceutical sector saw a 10% growth in the second quarter of the current fiscal, driven by a strong demand for generic drugs and a rise in exports, according to a report by the Pharmaceutical Export Promotion Council of India (Pharmexcil).
  3. Auto sector sees 10% growth in Q2, says SIAM: The Indian auto sector saw a 10% growth in the second quarter of the current fiscal, driven by a strong demand for passenger vehicles and a rise in exports, according to a report by the Society of Indian Automobile Manufacturers (SIAM).

Global News

  1. US Fed keeps interest rates unchanged, signals no rate hike: The US Federal Reserve has kept interest rates unchanged and signaled that it will not hike rates in the near future, citing concerns over the economic impact of the COVID-19 pandemic.
  2. China's GDP growth slows to 4.9% in Q2: China's economy grew at a slower pace of 4.9% in the second quarter of the current year, driven by a decline in industrial production and a contraction in the services sector.
  3. European Central Bank keeps interest rates unchanged: The European Central Bank has kept interest rates unchanged and maintained its accommodative stance, citing concerns over the economic impact of the COVID-19 pandemic.

These are some of the latest business news updates from The Times of India. Please note that the news is subject to change and may not be up-to-date.