Stock Market LIVE: Nifty, Sensex Extend Decline As ICICI Bank And HDFC Bank Shares Weigh
Shriram Finance, HCLTech and Sun Pharmaceutical Industries were top losers in the NSE Nifty 50 index.
KEY HIGHLIGHTS
Stock Market LIVE: Sai Life Sciences Completes Phase II Production Block At Bidar Facility
Sai Life Sciences Ltd. has completed phase II of new production block at active pharmaceutical ingredient manufacturing facility in Bidar.
Efforts Underway To Resolve Ongoing Tariff Discord With US, Say Government Sources
As 50% US tariffs on India kicked off starting Wednesday, government sources have indicated to NDTV Profit that efforts are underway to resolve the ongoing discord on the matter.
Stock Market LIVE: Nifty Bank Falls For Fourth Session
The NSE Nifty Bank continued to decline as HDFC Bank Ltd. and ICICI Bank Ltd. dragged. The index has been declining for four session. It was trading 0.80% down at 54,015.00 as of 1:06 p.m.
Stock Market: Schneider Electric Appoints New Chief Financial Officer
Schneider Electric Infrastructure appointed Omkar Prasad as chief financial officer with effect from Sept 16, the company said in the exchange filing.
India To Become Second-Largest Economy By 2038, Says EY Report Even As 50% US Tariffs Hit
India's economy may emerge as the second-largest by 2038 with $34.2 trillion GDP and could reach $20.7 trillion in terms of purchasing power parity by 2030, an EY report said on Wednesday.
"If beyond 2030, India and the US maintain average growth rates of 6.5% and 2.1%, respectively, during 2028-2030 (as per IMF forecasts), India may surpass the US economy in PPP terms by 2038," the report said.
