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Sensex and Nifty closed at fresh record highs on Wednesday, driven by gains in banking and energy stocks. The 30-share BSE Sensex rose 256 points, or 0.30%, to settle at 85,169, while the broader NSE Nifty added 64 points, or 0.25%, to end at 26,004.

Speaking at the Labour Party's annual conference in Liverpool yesterday (24 September), Starmer criticised the previous Tory government as «the party of the uncontrolled market» and called for national reform to allow the British public to regain trust in government.  «Now do not get me wrong – markets are dynamic. Competition is a vital life force in our economy. This is a Labour Party proud to say that.  We work hand-in-hand with business,» the Labour leader said. However, he added «markets do not give you control, that is almost literally their point».  Rachel Reeves pledges 'no...

Uttar Pradesh government is looking to offer job opportunities to youths in the advanced technology areas such as artificial intelligence (AI), and software and electronics sectors as it invites multinationals to put in big-ticket investments in India's northern state. «We should be focused on providing high-end jobs to our youth in areas like AI, electronics, and software. The foreign direct policy of Uttar Pradesh allows us to partner with big investors,» Awanish Kumar Awasthi, Advisor to UP Chief Minister Yogi Adityanath said. Awasthi further said that the government expects the private sector to set up their bases in the state, and provide employment opportunities to the youth.

British Prime Minister Keir Starmer has tried to shake off his image as a gloom-monger by telling voters that better times are on the way — eventually

Shares in Asia pushed higher on Wednesday, again led by gains in China, after U.S. stocks climbed to more records in a quiet day of trading

BEIJING — China's slowing economy needs more than interest rate cuts to boost growth, analysts said.

Asian shares gained for a fifth day as a rally sparked by support measures from Beijing continued, while US stocks set fresh highs, with investors preparing for further rate cuts. Equity benchmarks rose in South Korea and Australia, while those for Japan were mixed after the yen strengthened against the dollar in the prior two sessions. The Golden Dragon index of US-listed Chinese companies rallied 9.1% in New York trading on Tuesday. The moves follow the best day since 2020 for a gauge of mainland equities after China unveiled a sweeping stimulus package to support the economy and financial markets.

Keir Starmer tried to shake off his image as a gloom-monger on Tuesday, telling voters exhausted by years of political and economic turmoil that better times are on the way — if they swallow his recipe of short-term pain for long-term gain. Starmer capped the Labour Party's first annual conference since winning a landslide election victory in July with a speech arguing that things will be «tough in the short term» but there is light at the end of the tunnel. Some members of the center-left party say Starmer has made that dark tunnel longer by delivering downbeat messages about the economy since becoming Britain's first Labour prime minister for 14 years. That and a distracting row about freebies have overshadowed what should be a celebratory gathering for thousands of party members in the northwest England port city of Liverpool.

U.S. stocks drifted to more records in a quiet day of trading

Subscribe to enjoy similar stories. Donald Trump is pitching himself as a national economic development recruiter, wooing foreign manufacturers with tax breaks and federal land while using tariffs to punish companies that don’t move production here. Trump, in a speech Tuesday in Savannah, Ga., is expected to say that in a second term he wants the U.S.

Heritage Foundation distinguished fellow and former CKE Restaurants CEO Andy Puzder compares the Trump versus Harris economies and argues that one plan is fiscally better than the other.

lower tariffs and harmonisation of local norms to boost the trade between the two major global economies. Addressing a session on agro-processing at the 21st Indo-US Economic Summit organised by the Indo-American Chamber of Commerce (IACC), ITC Ltd's Agri-Business Division Vice President of Value Added Products Sanjeev Bisht identified key concerns, including recent Red Sea-related supply chain disruptions, the absence of a free trade agreement, and local quality norms. «If we want to increase exports, we need to understand the quality concerns of that country,» Bisht said, stressing the importance of harmonising standards between India and the US. Bisht also emphasised the need for sustainability and technology integration to boost productivity while reducing ecological impact. He suggested that combining innovations in artificial intelligence with agriculture could open new avenues for growth, an official statement said.

Pan Gongsheng unleashed one of the country’s most daring policy campaigns in decades. In what amounts to a massive adrenaline shot for an economy on the cusp of a deflationary spiral, the governor of the People’s Bank of China and other top financial officials unveiled a series of easing measures that market watchers had wanted for weeks at a rare, high-level press conference on Tuesday in Beijing. They include interest rate cuts, more cash for banks, bigger incentives to buy homes and plans to consider a stock stabilization fund. Markets on the mainland and in Hong Kong soared, with the CSI 300 Index — a benchmark of onshore Chinese stocks — posting its biggest gain since July 2020. US equity futures advanced and European stocks climbed on the back of sectors with heavy exposure to China, including manufacturers of automobiles and luxury goods.

The Conservatives have tabled a motion to try to declare non-confidence in Prime Minister Justin Trudeau’s government.

US consumer confidence unexpectedly dropped in September on labor market concerns, according to survey data published Tuesday, signaling dampening optimism about the economy as November's presidential election approaches. That could prove challenging for Democratic Vice President Kamala Harris given the economy remains a top issue for voters ahead of the election, in which she is running against Republican former president Donald Trump. The Conference Board's consumer confidence index fell sharply to 98.7 in September, down from a revised 105.6 last month.

Federal Reserve Governor Michelle Bowman said Tuesday she thought her colleagues should have taken a more measured approach to last week's half percentage point interest rate cut as she worries that inflation could reignite.

Canadians are increasingly looking for a stronger relationship with their bank, according to a new survey by Meridian Credit Union Ltd.

Vishwa Fernando sustained an injury. Sri Lanka Cricket released a statement to confirm that the 33-year-old seamer developed «tightness» in his right hamstring and will undergo rehabilitation to recover at SLC's high performance centre. «Vishwa Fernando had developed a tightness in his right hamstring while practicing, hence, he has been sent to the High Performance Center for rehabilitation,» SLC said in a statement on Tuesday.

Subscribe to enjoy similar stories. German companies are feeling ever less confident, adding to concerns that Europe’s largest economy could be slipping back into recession. The Ifo Institute’s business-climate index slipped to 85.4 in September from 86.6 a month earlier, the think tank said Tuesday.

China has rolled out a raft of measures aimed at countering a prolonged downturn in its property market that is dragging on the world's second largest economy

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