Mumbai, June 22 (IANS) Domestic equity markets traded higher on Monday, mirroring positive global cues amid easing crude oil prices and geopolitical concerns in West Asia.Sensex surged over 400 points or 0.54 per cent to touch an intraday high of 77,223 in morning trade, while Nifty traded more than 100 points or 0.51 per cent higher at 24,137.Among sectoral indices, IT stocks led the gains, with the Nifty IT index rising over 1 per cent. The Nifty MidSmall IT & Telecom and Nifty Oil & G…

Seoul, June 22 (IANS) South Korea’s exports jumped 60.4 per cent from a year earlier in the first 20 days of June, data showed on Monday, setting a new fresh high for the period amid robust shipments of semiconductors.Outbound shipments reached US$62 billion in the June 1-20 period, compared with $38.6 billion tallied in the same period last year, according to the data from the Korea Customs Service, reports Yonhap news agency.It marked the highest 20-day figure on record, surpassing the previou…

Mumbai, June 21 (IANS) National Stock Exchange (NSE) CEO Ashish Kumar Chauhan on Sunday said that yoga has become increasingly important in today’s lifestyle and can help address both physical and mental health issues.Speaking to IANS, Chauhan said that it was due to the efforts of Prime Minister Narendra Modi that the United Nations declared June 21 as International Day of Yoga in 2015.He said yoga offers immense benefits, which is why people across the world celebrate Yoga Day and embrace the …

New Delhi, June 21 (IANS) European Commission President Ursula von der Leyen has said that the European Commission will develop new tools to counter macroeconomic imbalances, most notably the “growing and unsustainable” trade deficit with China, according to a report.Von der Leyen said the diversification instrument would be country-agnostic, focusing on helping European companies in specific sectors de-risk faster, as supply chain diversification has so far been too slow, according to Euronew…

New Delhi, June 21 (IANS) The Central Consumer Protection Authority (CCPA) has imposed penalties of Rs 1 lakh each on Storia Foods and Beverages Pvt Ltd and Mrs. Bectors Food Specialities Limited (English Oven) for misleading advertisements and unfair trade practices related to the use of ‘100 per cent’ claims on food products, according to an official statement released on Sunday.The consumer watchdog has directed both companies to immediately discontinue the disputed claims from their product …

New Delhi, June 21 (IANS) India’s space economy is projected to grow five-fold from the current $8 billion to $40-45 billion over the next decade, driven by policy reforms, rising private sector participation and growing commercialisation of space technologies, an official fact-sheet said on Sunday.The fact-sheet highlighted that India currently accounts for about 2-3 per cent of the global space economy, with the country’s share targeted to rise to 8 per cent by 2030.The rapid growth is being s…

Mumbai, June 21 (IANS) Tata Motors on Sunday announced that it has secured more than 3,400 orders for electric commercial vehicles (eCVs) across segments, signalling growing adoption of electric mobility solutions in India’s freight and passenger transportation sectors.The orders include around 2,000 small commercial vehicles (SCVs) and pick-ups, nearly 900 trucks and about 500 buses.These vehicles will be deployed across a wide range of applications, including e-commerce, logistics, FMCG and FM…

Mumbai, June 21 (IANS) The combined market valuation of nine of India’s 10 most-valued companies surged by Rs 2.15 lakh crore last week after a strong rally in domestic equities amid improving global risk sentiment.Among the top 10 firms, Bharti Airtel recorded the highest increase in market capitalisation, with its valuation rising by Rs 52,432.67 crore to Rs 11.63 lakh crore.State-owned Life Insurance Corporation of India (LIC) was the second-biggest gainer, adding Rs 51,675.23 crore to take i…

New Delhi, June 21 (IANS) The Reserve Bank of India (RBI) is likely to maintain its wait-and-watch approach and keep the repo rate unchanged at 5.25 per cent in upcoming monetary policy meetings as easing geopolitical tensions reduce uncertainty and allow policymakers to focus on incoming economic data, according to a report.As per analysis by BofA Securities, the conclusion of the US-Iran peace agreement has eased a key source of global uncertainty, giving the central bank more room to remain d…

Mumbai, June 21 (IANS) Indian equity markets are expected to remain cautiously optimistic in the next week, supported by easing geopolitical tensions in West Asia, softer crude oil prices and improving global risk sentiment, according to analysts on Sunday.Benchmark indices ended the previous week on a strong note, with Nifty gaining 390 points or 1.65 per cent to close at 24,013.10.Similarly, Sensex advanced around 1.7 per cent on a weekly basis, while broader markets outperformed with gains of…