This year, smartphones are the fifth highest exported product from India and has crossed Rs 1 lakh crore in our 'Techade' that will certainly see the country as a major player in global electronics in years to come, says Rajeev Chandrasekhar, Union Minister of State for Electronics and IT.
The domestic indices ended Wednesday’s session after hitting fresh all-time highs during the day. The NSE Nifty 50 soared 54.70 points or 0.82 per cent to 18,972.10, while the BSE Sensex surged 499.39 points or 0.79 per cent to 63,915.42.
Statistics Canada said on Tuesday this was the smallest increase since June 2021 and the slowdown was largely driven by lower year-over-year prices for gasoline resulting from a base-year effect, Xinhua news agency reported.
India which is currently the third largest startup ecosystem in the world, is likely to see 147 unicorns in the next five years, disrupting financial services, healthcare, business management solutions and education sectors, a report showed on Tuesday.
ThoughtSpot recently announced $150 million investment in India between 2022 and 2027, which includes 30 per cent headcount growth in the market, and follows the opening of its third R&D centre in the region in Thiruvananthapuram in 2022.
An important feature of the rally that took the Sensex to record high was its weak structure and lack of enthusiastic investor participation, says V. K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
UAE-based retailer Lulu Group, which is all set to enter Telangana with its first Lulu Mall and Hypermarket, plans to invest Rs.3,500 crore in the state over the next five years.
A Mumbai share-broker has been arrested for allegedly indulging in illegal 'dabba trading' activities worth over Rs 4,600-crore between March and June, officials said here.
Industry experts said the upward trend will be there for some more months and the markets may turn nervous during the next round of state elections in November/December 2023.
With a value of Rs 16.3 lakh crore, Reliance Industries is India's most valuable company, followed by Tata Consultancy Services (TCS) with Rs 11.8 lakh crore and HDFC Bank with Rs 9.4 lakh crore.
Zee Entertainment Enterprises has written to SEBI that "continuous and repetitive" investigations on the same cause of action creates prejudice for the Company and Shareholders, and can potentially impact the merger process.
However, the sale of rice under the OMSS will be continued for northeastern states, hilly states and states facing law and order situations, natural calamities at an existing rate of Rs 3,400 per quintal, it said.
Japanese automotive giant Toyota is planning an EV (electric vehicle) powered by a solid-state battery that would have a range of nearly 1,200 km (750 miles) and a charge time of only 10 minutes.
According to data released by the Ministry of Statistics and Programme Implementation, retail inflation was at a high of 7.04 per cent in May 2022, while food inflation was 7.97 per cent during the period.
Not belying the expectations, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent while projecting gross domestic product (GDP) and inflation at 6.5 per cent and 5.1 per cent respectively.
Patil said this after the representatives of the company led by George Chu met him as part of a courtesy visit in which Information Technology and Biotechnology Minister Priyank Kharge was also present.
India's gross domestic product (GDP) growth for FY23 is estimated at 7.2 per cent, said the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation on Wednesday.
Around 2,000 Amazon employees were set to participate in a walk-out in front of Amazon's Spheres building in the heart of its headquarters in Seattle protesting against layoffs and return-to-work mandate.
"Equity benchmark indices extended their winning streak for the fourth consecutive day on Tuesday, bolstered by a steady influx of foreign funds," said Ameya Ranadive, Equity Research Analyst, Choice Broking.
"Inflation risks have moderated with downward corrections in global commodity and food prices and easing of the pass-through from high input cost pressures of last year," it added while commenting on price rise.
Chipmaker's MediaTek and Nvidia has teamed up to bring drivers and passengers new experiences inside the car as they will be working on transforming automobiles with artificial intelligence (AI) and accelerated computing.
ONGC has targetted a lower capital expenditure of Rs 30,125 crore in the current fiscal as against the corresponding year, the company's chairman Arun Kumar Singh told reporters in a virtual press conference.
After a year of industry and global uncertainties, Lenovo sais it is witnessing positive signs of the market stabilising and expects the entire PC and smart devices market to resume year-to-year growth in the second half of 2023.
The lessors' contention was that the lease agreement with Go Airlines had ended before the NCLT admitted Go Airlines insolvency petition and hence, the airlines has no right over the leased planes.
The decision of the Reserve Bank of India (RBI) to withdraw Rs 2,000 denomination banknotes from circulation will not have any major impact on gold demand and also on the rupee value, experts said on Saturday.
