Samsung Electronics Co’s quarterly profit sank to an eight-year low as the global economic slowdown has weakened memory chip prices and severely dented demand for electronic goods. The South Korean multinational conglomerate, which is the world’s largest memory chip, television and smartphone manufacturer,…
It was hard to speculate that the Russia-Ukraine war would have such widespread economic consequences across the globe. It’s been more than three months and the war is going on seamlessly, impacting global trade. In April, the World Trade Organisation (WTO) revised down its forecast for global trade growth this…
indian shares fell on Tuesday, led by tech and finance stocks and amid a global selloff over concerns rising oil prices might hamper economic activity. The NSE Nifty 50 index fell 0.13% to 17.668.4, while the S&P BSE Sensex was down 0.12% at 59,228.3 by 9:21 am Nifty’s IT index fell the most among major…
Shares of Adani group companies plunged on stock exchanges to hit lower circuits after NSDL took action against three foreign funds that are among the top stakeholders in four of the conglomerate’s listed firms. hares of Adani Group companies fell sharply on the stock market after the National Securities…