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The Berth No 13 at Deendayal Port in Kandla will handle multipurpose cargo and is expected to be commissioned in FY27, India’s largest port developer-cum-operator said in a statement.

Driven by the production-linked incentive (PLI) scheme, Apple has reached around $5 billion in iPhone exports from India in the April-August period this fiscal.

As the country geared up to organise the three-day ‘Semicon India 2024’ conference, top CEOs of semiconductor companies on Tuesday hailed Prime Minister Narendra Modi’s leadership, saying he has inspired not just India but the entire world.

In the Sensex pack, Reliance, Bharti Airtel, Tata Motors, Nestle, M&M, Power Grid, Bajaj Finance, L&T, JSW Steel, Sun Pharma, and UltraTech Cement were the top losers. Titan, Wipro, ITC, Infosys, Tata Steel, SBI, Asian Paints, and HDFC Bank were the top gainers.

The Indian startup ecosystem witnessed a surge in large funding rounds (over $100 million) in 2024, as startups' focus has shifted to profitability along with growth.

In the Sensex pack, ICICI Bank, Bajaj Finserv, Titan, Nestle, HDFC Bank, Wipro, SBI, M&M, L&T, Kotak Mahindra, and UltraTech Cement were the top gainers. Bajaj Finance, Infosys, JSW Steel, HCL Tech, IndusInd Bank and Bharti Airtel were the top losers.

The Cabinet on Monday approved a new 309-km railway line project worth Rs 18,036 crore to connect the commercial hubs of Mumbai and Indore through the shortest rail route.

In the Sensex pack, Bajaj Finserv, Bajaj Finance, HCL Tech, IndusInd Bank, ITC, UltraTech Cement, Axis Bank, Infosys, Asian Paints, SBI, Titan and Tech Mahindra were the top gainers.

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Monday approved the proposal of Kaynes Semicon Pvt Ltd to setup a semiconductor unit in Sanand, Gujarat, with an investment of Rs 3,300 crore.

The Unified Payments Interface (UPI) saw 41 per cent growth (year-on-year) at record 14.96 billion transactions in the month of August, as total transaction amount touched Rs 20.61 lakh crore -- a 31 per cent YoY growth, the National Payments Corporation of India (NPCI) data showed on Sunday.

Surpassing world’s leading digital payments platforms, India’s Unified Payments Interface (UPI) processed nearly Rs 81 lakh crore transactions in the April-July period this year, which is a staggering 37 per cent increase (year-on-year).

The Indian equity market closed at an all-time high before the release of the GDP numbers at 5:30 P.M. on Friday. At closing, the Sensex was at 82,365, up 231 points or 0.28 per cent and Nifty was at 25,235, up 83 points or 0.33 per cent.

The Nifty Midcap 100 index closed at 58,883, down 262 points or 0.44 per cent, and the Nifty Smallcap 100 index closed at 19,214, down 105 points or 0.54 per cent.

Adani Enterprises Limited (AEL) on Thursday announced the launch of its maiden public non-convertible debenture (NCD) issue on September 4, with plans to raise up to Rs 800 crore.

As the Unified Payments Interface (UPI) goes global, the US private banks might explore connecting with India’s unique digital payments solution, Federal Reserve Governor Christopher Waller said here on Wednesday, adding that cross-border payment interlinking is one of the key areas outlined in the G20 roadmap.

Weakness was seen in the midcap and smallcap stocks compared to largecap stocks. Nifty midcap 100 index was up 42 points or 0.07 per cent at 59,263 and Nifty smallcap 100 index was up 56 points or 0.29 per cent at 19,389.

At closing, Sensex was at 81,711 with a slight gain of 13.65 points and Nifty closed at 25,017 with a gain of 7 points. It is the second consecutive day when the National Stock Exchange (NSE) benchmark closed above 25,000.

State-run Bharat Heavy Electricals Ltd (BHEL) on Monday said it has received a Rs 11,000 crore order from Adani Power and its subsidiary Mahan Energen Ltd (MEL) to set up three “supercritical thermal power projects”.

Indian equity indices opened strong on Friday following positive global cues, including optimism around a potential rate cut by the US Federal Reserve next month.

The growth outlook across sectors remains robust in India, especially in the industrials and capex segments, where government spending remains strong, a report showed on Tuesday.

The country is emerging as a top destination for foreign investment in the manufacturing sector and in the last decade, foreign direct investment (FDI) inflows in the sector surged almost 69 per cent to reach $165.1 billion, according to the government.

Buying was also seen in the smallcap and midcap. The Nifty midcap 100 index rose 493 points or 0.87 per cent to 57,174 and the Nifty smallcap 100 index rose 102 points or 0.56 per cent to 18,410.

India is projected to surpass China this year to become the world’s largest two-wheeler (2W) market, a report said on Friday. The robust economic growth, consumer preference for 2Ws for short-distance commutes, and increasing 2W demand in the shared mobility space will help India overtake China, according to Counterpoint Research.

The National Stock Exchange (NSE) on Thursday said the unique registered investor base on the exchange has crossed the ten-crore mark for the first time.

All 30 stocks in the Sensex pack opened in the green. Infosys, M&M, Maruti Suzuki, Wipro, Tech Mahindra, JSW Steel, Tata Steel and UltraTech Cement are the top gainers.