Mumbai: The total market capitalisation of BSE-listed stocks closed above $5 trillion on Thursday as the benchmark indices ended at record levels led by banks and auto stocks. India’s market capitalisation to Gross Domestic Product (GDP) – a measure to determine if a market is under-valued or over-valued – surged to 1.42 times, or 142%, … Read more
Mumbai: Total market capitalisation of all stocks listed on the BSE surpassed $5 trillion briefly on Tuesday for the first time, making India the fifth country after the US, China, Japan, and Hong Kong to achieve this milestone. At the close of Tuesday’s trading, it stood at $4.97 trillion (₹414.62 lakh crore). The trillion-dollar market-cap … Read more
MUMBAI: For the first time, the total market value of all listed companies in India rose above the $5-trillion mark in intraday trades on Tuesday. At close of the day’s trade, however, it settled just a tad below the milestone. Tuesday’s feat made India the fifth stock market in the world to achieve this milestone, … Read more
New Delhi: India will be a USD 4 trillion economy in 2024-25 and surpass Japan by early next fiscal to become the world’s fourth largest economy, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said on Thursday. Sanyal further said that a 7 per cent economic growth rate will be a ‘very … Read more
Microsoft crossed the $3 trillion market cap threshold for the first time on Wednesday, briefly stealing the title of “world’s most valuable company” from its longtime rival, Apple. Microsoft’s stock surged over 1% during intraday trading, hitting a peak of $405.63 per share, sending its market cap above $3 trillion.This historic feat marks a significant … Read more
NEW DELHI: Union home and cooperation minister Amit Shah on Wednesday said government‘s aim is to ensure the cooperative sector has a big share in the Indian economy, which is projected to be $5 trillion by 2027-28.“We have decided that in the Modi government’s $5 trillion economy target, cooperatives will have a big share and … Read more