Among the Sensex stocks, Bajaj Fnserv is up more than 4 per cent, Bajaj Finance is up more than 3 per cent. M&M is up 3.3 per cent, SBI is up 2.8 per cent, Powergrid is up 2.5 per cent, L&T is up 2.3 per cent.
Category: BUSINESS
Adani Green's solar power plant to produce 540 mn units annually operationalised in Rajasthan
Adani Green Energy Limited (AGEL) on Wednesday said it has commissioned a 180 MW solar power plant at Devikot in Jaisalmer, Rajasthan.
India’s forex reserves surge for 3rd week in row to touch $642.5 billion mark
India's foreign exchange reserves surged by $6.4 billion to touch a robust $642.5 billion for the week ended March 15, the latest data released by the RBI on Friday showed.
India is the next big playground for AI: Samsung VC, CEO JH Han
Samsung Electronics Vice Chairman, CEO and Head of the Device eXperience (DX) Division Jaong-Hee (JH) Han, who visited Samsung BKC at Jio World Plaza, Mumbai for the first time since the store's opening, said on Friday that India is the next big playground for artificial intelligence (AI).
'The Adani Green Energy Gallery' at UK's Science Museum to showcase sustainable future: Gautam Adani
Adani Group Founder and Chairman, Gautam Adani, on Friday said that he is glad to see the new 'Energy Revolution: The Adani Green Energy Gallery' becoming a reality in partnership with the The Science Museum in the UK.
Sensex up more than 700 points
The uncertainty regarding the Fed decision is over with the Fed keeping the rates unchanged and refraining from a hawkish message, says V. K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
30 Indian startups secure $287 million funding this week
Lithium-ion battery pack maker Lohum secured $54 million (Rs 450 crore) in series B funding from Singularity Growth, Baring Private Equity, Cactus Venture Partners and Venture East, among others.
India’s forex reserves scale two-year high of $636.1 billion
India's foreign exchange reserves surged by a whopping $10.47 billion to scale a two-year high of $636.1 billion for the week ended March 8, the latest data released by the RBI on Friday showed.
Petrol, diesel prices cut by Rs 2 across India
Petrol and diesel across India will be cheaper by around Rs 2 per litre from early on Friday as the oil marketing companies have revised prices, the Petroleum and Natural Gas Ministry announced on Thursday.
India's WPI inflation eases to 0.2 pc in February
India's inflation rate based on the Wholesale Price Index (WPI) eased to 0.2 per cent in February, from 0.27 per cent in January, data released by the Commerce and Industry Ministry on Thursday showed.
India's retail inflation eases to 4-month low of 5.09 per cent in January
There was a sharp decline in cooking oil prices during February which came down by as much as 11.67 per cent. The price rise in spices slowed to 13.51 per cent compared to 16.36 per cent in January.
Coal sector PSUs surpass target with Rs 22,448 crore CAPEX in 2023-24
Coal sector PSUs such as Coal India Ltd and NLCIL have surpassed the annual target of 21,030 crore capital expenditure (CAPEX) fixed for the current financial year ending on March 31, 2024 with a total investment of Rs 22,448.24 crore at the end of February, the Coal Ministry said on Saturday.
Nifty hits fresh record highs in volatile trade
A sharp recovery was seen in the Nifty post noon on Wednesday. At close, Nifty was up 118 points, or 0.53 per cent, to close at 22,474.05 levels, said Deepak Jasani, Head of Retail Research at HDFC Securities.
Sensex jumps more than 1,000 points on impressive GDP numbers
BSE Sensex jumped more than 1,000 points on Friday reacting to India’s impressive GDP numbers. Sensex was trading up by 1045.99 points up by 1.44 per cent at 73,549.64 points.
Adani Portfolio posts record 63.6 per cent profit growth, sets stage for unrivalled green investments
The Adani Portfolio of companies on Thursday reported a record quarterly profit growth of 63.6 per cent (year-on-year), as trailing 12-month EBITDA (as of December 2023) stood at Rs 78,823 crore ($9.5 billion), which is 2.5 times the EBITDA in FY21 and 37.8 per cent higher than FY23 EBITDA.
India's GDP growth surges to 8.4 per cent in Q3, 2023-24 growth rate pegged at robust 7.6 per cent
The high growth rate of 8.4 per cent in the October-December quarter has been driven by a double-digit growth in manufacturing sector of 11.6 per cent, followed by a good growth rate of construction sector (9.5 per cent).
Cabinet approves 3 semiconductor fab units, to generate 80,000 jobs
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved the establishment of three semiconductor fabrication (fab) units that will start construction within the next 100 days and generate direct employment of 20,000 advanced technology jobs and nearly 60,000 indirect jobs.
150 railway stations win FSSAI’s ‘Eat Right’ tag for serving clean, nutritious food
The Food Safety and Standards Authority of India (FSSAI) has certified 150 railway stations across the country as Eat Right Stations, as part of its initiative to ensure safe, hygienic, and nutritious food options for millions of passengers who traverse the country's vast railway network, according to an official statement issued on Thursday.
Byju's NCLT hearing: Investors allege over $500 mn diversion to hedge fund in US
Key investors in Byju's alleged on Tuesday that the Enforcement Directorate (ED) is investigating diversion of funds of over $500 million by the edtech company to a hedge fund in the US.
Vijay Shekhar Sharma quits as Paytm Payments Bank Chairman, Board member
PPBL's future business will be led by a reconstituted Board by One 97 Communications Ltd (OCL), after the RBI ban on the bank operations from March 15. They recently joined as Independent Directors.
FM Sitharaman stresses on compliance of norms at meet with fintech heads
The meeting, which took place in the backdrop of the RBI action against Paytm Payments Bank, was attended by representatives of fintech firms such as Google Pay, PhonePe, Amazon Pay and RazorPay, as well as top officials of the National Payments Corporation of India (NPCI).
Regulations enabled India to be global benchmark in fintech: Razorpay's Harshil Mathur
Regulations in the fintech industry have enabled India to become a global benchmark in fintech and unified payments interface (UPI)-based services are one such example, Harshil Mathur, CEO of full-stack financial services platform Razorpay, said on Monday.
Absolutely captivating chat: Gautam Adani, Uber CEO discuss future collaborations
Adani Group Founder and Chairman Gautam Adani on Saturday met Uber's global CEO Dara Khosrowshahi and discussed future collaborations in India, as the country doubles down on green and sustainable energy.
Nifty touches fresh record high on strong global cues
In a volatile session, Nifty ended in the green on Thursday, touching a fresh record high helped by positive global cues, said Deepak Jasani, Head Retail Research at HDFC Securities.
PM Modi 3.0 to further bolster $300 bn electronics manufacturing goal: Industry body
The government’s strategy to reach the $300 billion level in production of electronics from the current level of about $75 billion is built on broadening and deepening electronics manufacturing in the country.