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.
Category: BUSINESS
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.
India's biz activity surges to 7-month high in Feb
The growth rate in India’s business activity accelerated to a 7-month high in February driven by a strong demand for both manufacturing and services, according to a private economic survey released on Thursday.
Nifty hits fresh record high, up for sixth straight session
Nifty extended its gains for the sixth consecutive session on Tuesday, once again touching a fresh record high in the last hour of trade, said Deepak Jasani, Head of Retail Research at HDFC Securities.
Govt to hold roadshow in Mumbai to push Rs 8,500 cr coal gasification scheme
The Ministry of Coal is planning to hold an interaction with industry leaders in Mumbai on Wednesday as part of a roadshow for the promotion of coal/lignite gasification projects nationwide.
Centre hikes financial package for rubber sector by 23% to Rs 708 crore
It said that to support the rubber industry, planting of rubber will be undertaken in 12,000 hectares (ha) in traditional areas during 2024-25 and 2025-26 with an outlay of Rs 43.50 crore.
Nifty closes at all-time high, up for fifth straight session
Nifty ended higher for the fifth straight session on Monday after hitting an all-time high on the intra-day charts, said Deepak Jasani, Head of Retail Research at HDFC Securities.
India's fresh fruit exports surge 29%, footprint spreads to 111 countries
Fresh fruits have emerged as a standout performer in India's agri export basket with a robust growth of 29 per cent in the nine-month period from April to Dec 2023, according to the latest data compiled by the Agricultural and Processed Food Products Export Development Authority (APEDA).
Tech industry in India hits $254 bn in revenue in FY24, adds 60K employees
The technology industry in India reached $253.9 billion in revenue with an addition of $9.3 billion incremental revenue in FY2024 (estimated), growing at 3.8 per cent from FY23, a Nasscom report said on Friday.
Domestic equities gain for fourth straight session
Domestic equities gained for the fourth consecutive day on Friday, recovering more than 500 points or 2.3 per cent, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
Tata Group, Assam govt to build Rs 25,000cr semiconductor packaging plant: MoS IT
Addressing the first-ever 'Digital India Future Skills Summit' in Guwahati, the minister said that youth from the state will now have jobs in the semiconductor industry at their doorstep.
India's exports rise 3% in Jan, trade deficit narrows to 9-month low
The country’s merchandise imports also increased by 3.0 per cent in January 2024 to $54.41 billion but were lower than $58.25 billion in December 2023.
India’s retail inflation eases to 5.1% in Jan
India’s retail inflation slowed to 5.1 per cent in January this year from 5.69 per cent in December 2023, bringing some relief to household budgets, according to official figures released on Monday.
Indian stock market multiplied 4 times compared to zero returns for China since 2010
In early 2010, the Shanghai composite index was around 3,000. Now it is below that level at around 2,865: No return during the last 14 years. In sharp contrast, Nifty was around 5,000 in early 2010 and is now above 21,500, multiplying more than four times during 14 years, he said.
2G to coal scam & more: White Paper details 15 scams during UPA regime
The White Paper on Indian Economy tabled in the Lok Sabha by Finance Minister Nirmala Sitharaman on Thursday enumerates about 15 cases of corruption and scams that happened during the 10-year rule of the Congress-led UPA government.
The curious case of UPA’s gold export-import scheme
The telecom licenses issued in FY09 were cancelled by the Supreme Court due to a lack of transparency in the allocation process. In this period, the telecom sector went into a seizure as the government was caught out by the top court judgement.
UPA's coal, telecom & Commonwealth Games scams dented India's image: White Paper
The White Paper presented in the Lok Sabha by Finance Minister Nirmala Sitharman on Thursday states that the erstwhile Congress-led UPA government's decade of governance was marked by a policy of misadventures and scams such as the coal, telecom and Commonwealth Games corruption scandals.
UPA policy paralysis crippled power, telecom sectors: White Paper
The White Paper slams the erstwhile UPA government for the policy paralysis that resulted in large scale power shortages in the country and a 10-year setback for the telecom sector.
Tata partners Microsoft to provide calling solutions on Teams for Indian enterprises
Tata Communications on Wednesday announced that it partnered with Microsoft to provide flexibility in collaboration and connectivity on Microsoft Teams for enterprises in India.
Sensex slips below 72K mark
The weakness in the Sensex is led by the IT heavyweights with Infosys and Tech Mahindra down more than 1 per cent. The IT index is down more than 1 per cent.
Nifty suffers sharp fall in last hour of trade
Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services, said Nifty traded sideways for the most part of the session. However, last-hour selling led the index to close with a loss of 82 points.
India's services sector PMI surges to 6-month high
Growth in India’s services sector rose to a 6-month high in January on the back of a higher demand and better outlook ahead, according to an HSBC report released on Monday.
Sensex zooms 1200 points, Nifty crosses 22k after Interim Budget
This clearly shows that the GoI is totally committed towards the long-term macro-economic stability, even if it comes at the sacrifice of growth in the short-term, the report said.
Meta CEO Zuckerberg apologies to families at social media hearing in US
When Senator Josh Hawley (R-MO) pressed Zuckerberg to apologise to families who attended the hearing, calling attention to kids who were targeted by predators online, Zuckerberg offered his apology.
GST collections rise 10.4% to touch Rs 1,72,129 cr in Jan
This is the second highest monthly collections ever and marks the third month in this financial year with collection of Rs 1.70 lakh crore or more. The government has settled Rs 43,552 crore to CGST and Rs 37,257 crore to SGST from the IGST collection.