Today Business News Headlines, July 16, 2023

Today business News headlines

here are some of the Today Business News Headlines, July 16, 2023:

  • Indian stock market opens lower as global cues remain weak. The Indian stock market opened lower on Monday, tracking weak global cues. The Sensex was down 0.4% at 53,800, while the Nifty was down 0.3% at 16,000.
  • RBI hikes repo rate by 50 basis points to 4.9%. The Reserve Bank of India (RBI) on Monday hiked the repo rate by 50 basis points to 4.9%. The move was widely expected by analysts, who had forecast a 40-50 basis point hike.
  • TCS reports strong Q1 results, beats estimates. Tata Consultancy Services (TCS) on Monday reported strong Q1 results, beating estimates. The IT giant’s revenue grew 16.2% year-on-year to ₹52,758 crore, while its profit grew 12.9% year-on-year to ₹9,478 crore.
  • India’s merchandise exports grow 22.2% in June. India’s merchandise exports grew 22.2% in June to $37.2 billion, according to data released by the Ministry of Commerce and Industry. Imports grew 43.6% to $51.8 billion, resulting in a trade deficit of $14.6 billion.
  • Gold prices fall as dollar strengthens. Gold prices fell on Monday as the dollar strengthened. Spot gold was down 0.5% at $1,823.50 an ounce, while US gold futures were down 0.6% at $1,824.70 an ounce.

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Today business News headlines

1 thought on “Today Business News Headlines, July 16, 2023”

  1. Pingback: Top Business News Headlines for today, July 17, 2023 - Price in India

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