Key catalysts behind Indian and global market trends: A week in retrospect
Apr 20, 2024, at 07:03 am
This week’s market update takes a deep dive into the dynamic landscape of both domestic and international markets, offering insights into the pulse of investor sentiment from April 13 to April 19, 2024.
Cred gets RBI's in-principle approval to operate as payment aggregator
Apr 20, 2024, at 06:25 am
Mumbai: Bengaluru headquartered firm Cred, a top third-party app for credit card bill settlements in India, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment app, said media reports.
India's forex reserves contract by $5.4 billion to $643.16 billion
Apr 20, 2024, at 05:53 am
Mumbai: India's foreign exchange reserves decreased by $5.4 billion to reach $643.16 billion as of April 12, according to the latest data released by the Reserve Bank of India (RBI) on Friday.
Ola Cabs IPO likely on the cards to raise $500 million: Report
Apr 20, 2024, at 05:28 am
Mumbai: Indian ride-hailing company Ola Cabs is gearing up for an Initial Public Offering (IPO) to secure $500 million with a company valuation of approximately $5 billion, media reports said.
Wipro's headcount drops 9.5% to 2,34,054 in FY24
Apr 20, 2024, at 04:49 am
Mumbai: India’s fourth largest Indian IT service firm Wipro Friday said it experienced a decrease in its headcount by 9.5% during fiscal year 2024.
Wipro Q4FY24: Net profit drops 8% YoY to Rs 2,835 cr
Apr 20, 2024, at 03:42 am
Mumbai: IT company Wipro Ltd on Friday announced a drop of 8 percent in its net profit for the fiscal fourth quarter ending March 31, 2024, amounting to Rs 2,835 crore, surpassing expectations.
Jio Financial Services Q4FY24 net profit at Rs 310 cr; NII Rs 280 cr
Apr 20, 2024, at 02:10 am
Mumbai: Jio Financial Services registered a net profit of Rs 310 crore for the January-March quarter of the fiscal year 2023-24.
Sensex jumps up 599 points ending losing streak for several sessions
Apr 19, 2024, at 10:27 pm
Ending the continuous losing streak in the past four sessions, the BSE Sensex on Friday jumped back 599.34 points to close at 73088.33 on the strength of Bankex, Metal, Financial services and Consumer Durable stocks amid weak Asian Market.
Stock market opens in the red amid reports of Israeli retaliatory strikes against Iran
Apr 19, 2024, at 03:43 pm
Mumbai/IBNS: The Indian benchmark indices opened in the red on Friday (Apr 19) as geopolitical tensions have escalated in the Middle East after Israeli missiles reportedly hit sites in Iran in a retaliatory action.
HDFC Life Q4FY24 net profit grows 14.8% YoY to Rs 411 cr
Apr 19, 2024, at 03:37 am
Mumbai: HDFC Life Insurance Thursday declared a net profit of Rs 411 crore for the January-March quarter of the fiscal year 2023-24, up 14.8 percent from the Rs 358 crore reported in the corresponding period last year.
Infosys workforce declines by 25,994 in FY24
Apr 19, 2024, at 02:57 am
Mumbai: Infosys said there has been a drop in its recruitment activities during the fourth quarter of FY24, according to its financial results declared on Thursday.
UK's Vesuvius group to invest Rs 1,000 cr in India
Apr 19, 2024, at 01:55 am
Kolkata: UK-based engineering manufacturing firm Vesuvius will invest Rs 1,000 crore in India over the next five years.
Infosys Q4FY24 net profit jumps 30% YoY to Rs 7,969 cr
Apr 19, 2024, at 01:51 am
Mumbai: India's second-largest IT services company Infosys Ltd surpassed market expectations by reporting a net profit of Rs 7,969 crore for the fourth fiscal quarter, up 30% year-on-year against Rs 6,134 crore in the same period last year. .
Indian bourses close in red amid uncertainty in West Asia; Sensex tanks 450pts, Nifty at 21,995
Apr 19, 2024, at 12:13 am
Mumbai: Indian key stock market indicators concluded the fourth consecutive session in the red under the ongoing uncertainties in West Asia and diminishing expectations of an imminent interest rate reduction by the US Federal Reserve, which dampened investor confidence in India.
Musk's Visit to India Can Be a Game-Changer for the Tech Landscape
Apr 18, 2024, at 11:54 pm
Elon Musk's upcoming visit to India on April 21-22 for Tesla and Starlink operations, and meeting with PM Narendra Modi, could turn out to be an important moment for India's tech sector.
Deepak Parekh steps down as HDFC Life's Chairman and Non-Executive Director
Apr 18, 2024, at 11:36 pm
Mumbai: Veteran banker Deepak Parekh has resigned from his positions as Chairman and Non-Executive Director of HDFC Life Insurance, the company said in an exchange filing on Thursday.
India now part of global value and supply chains, says CII chief
Apr 18, 2024, at 05:44 pm
The biggest game changer in India in the past years has been the steps taken by the government to ensure that the nation is part of the global value chains and supply chains, according to a top industry body official.
India to remain driver for global growth in the foreseeable future, says IMF Executive Director
Apr 18, 2024, at 04:13 pm
IMF Executive Director has said India will remain a driver for global growth in the foreseeable future.
Stock Market opens in the green, Nifty near 22,250, Sensex up 290 points
Apr 18, 2024, at 03:34 pm
Mumbai/IBNS: Indian benchmark indices opened on a positive note on Thursday (Apr 18) with Nifty near 22,250, shaking off the fading hopes of an early US rate cuts and geopolitical tensions in the Middle East due to the last week's Iranian attack on Israel that continued to weigh on investor sentiment.
Paytm starts migrating its users to PSP banks
Apr 18, 2024, at 06:32 am
Mumbai: One 97 Communications (OCL), the company that operates Paytm, has been granted permission by the National Payments Corporation of India (NPCI) to migrate its users to different banks for UPI transactions.
Premier Energies Photovoltaic Ltd secures export order from Amara Raja Infra for Bangladesh project
Apr 18, 2024, at 05:04 am
Kolkata: Premier Energies Photovoltaic Private Ltd, a wholly owned subsidiary of integrated solar cell and solar module manufacturer Premier Energies Limited (PEL) has secured a 140 megawatt (MW) Solar PV Modules supply export order from Amara Raja Infra Private Limited for an EPC project in Bangladesh.
Vodafone Idea raises Rs 5,400 cr from over 70 anchor investors
Apr 18, 2024, at 04:50 am
Mumbai: Vodafone Idea has garnered Rs 5,400 crore from 74 anchor investors, according to a statement released on Wednesday.
Centre notifies liberalised norms for FDI in space sector
Apr 18, 2024, at 04:34 am
New Delhi: The government on Wednesday notified changes to the foreign direct investment regulations in the space sector, aiming to attract international investors into satellite manufacturing and satellite launch vehicle sectors.
Adani family infuses Rs 8,339 cr in Ambuja Cements, raising stake to 70.3%
Apr 18, 2024, at 03:06 am
Ahmedabad: The Adani family, headed by billionaire Gautam Adani, announced on Wednesday that they have injected Rs 8,339 crore as the main shareholders into their cement subsidiary Ambuja Cements Ltd. by fully participating in the company's warrants program.
Elon Musk likely to announce $2-$3 billion investment for Tesla factory in India
Apr 18, 2024, at 02:36 am
New Delhi: Tesla CEO Elon Musk is set to announce an investment of $2-$3 billion in India, primarily aimed at establishing a new factory, during his upcoming visit to New Delhi to meet with Prime Minister Narendra Modi, Reuters reported, citing sources.
Apple inks JV with CleanMax for 6 rooftop solar projects with 14.4 MW capacity in India
Apr 18, 2024, at 02:17 am
Bengaluru: iPhone maker Apple has inked a joint venture with Indian renewable energy developer CleanMax to address the issue of greenhouse gas emissions associated with customers using their devices under its Apple 2030 roadmap.
Home Loan Balance Transfer: Unlocking the Path to Savings
Apr 18, 2024, at 12:12 am
In the realm of managing home loan finances, a balance transfer facility emerges as a strategic tool for homeowners seeking to optimize their finances. Through home loan refinancing, you can transfer your outstanding loan amount from the existing lender to a new lender, typically to avail of a lower home loan interest rate.
India eyes to become global nutrition hub
Apr 17, 2024, at 06:49 pm
In a bold move to transform its agricultural landscape, India is set on a path to become a Global Nutrition Hub, with a focus on promoting millets as a superfood and bolstering the production of pulses and edible oils. The ambitious plan aims to empower farmers and make agriculture a more lucrative profession.
Stock market holiday: BSE, NSE to remain closed for Ram Navami today
Apr 17, 2024, at 04:14 pm
Mumbai/IBNS: The Indian stock market -- the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) -- is closed today (Wednesday, Apr 17) on account of Ram Navami, which is celebrated as the birth anniversary of Lord Ram.
Total number of folios of Indian mutual fund industry doubled in last 5 years to touch 17.79 lakh cr
Apr 17, 2024, at 08:51 am
Mumbai: The total number of folios in the Indian mutual fund industry has nearly doubled in the last five years at 17.79 lakh crore in March 2024, up from 8.97 lakh crore in March 2020 on the back of increasing awareness and a growing interest among retail investors for investing in equities and bonds through the mutual fund route.