Adani Ports and Special Economic Zone (APSEZ) on Thursday posted the highest-ever net profit at Rs 3,107 crore (up 47 per cent year-on-year) along with record EBITDA at Rs 4,848 crore for the quarter that ended June 30.
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Infosys stock falls as company disputes Rs 32,000 crore GST notice
Infosys shares fell on Thursday after it received a GST notice citing an alleged Rs 32,000 crore tax evasion, a claim that the IT major has disputed.
Stock market opens at all-time high, Nifty crosses 25,000 for first time
Buying is also seen in the midcap and smallcap stocks. The Nifty midcap 100 index is up 213 points or 0.36 per cent at 59,222 and the Nifty smallcap 100 index was at 19,227, up 90 points or 0.47 per cent.
Adani Wilmar clocks highest-ever net profit at Rs 313 crore in Q1 as edible oil prices stabilise
Adani Wilmar Limited on Monday posted strong profits with the highest-ever PAT of Rs 313 crore in the April-June quarter (Q1 FY25), as revenue reached Rs 14,169 crore, a 12 per cent volume growth (year-on-year).
Microsoft experiences outage worldwide, netizens react
US tech giant Microsoft on Friday experienced a significant outage, affecting its services for users across many countries including India, the US, Japan, and Australia.
Forex inflows from NRIs surge 4-fold to $2.7 bn in April-May
The money from Indians working overseas that come into NRI deposits of banks surged more than 4-fold to $2.7 billion in April-May this year compared to $0.6 billion in the same period last year, strengthening the country’s foreign exchange reserves, the latest data compiled by the RBI showed.
Sensex, Nifty touch all-time record highs amid renewed IT stock buying
The Indian benchmark indices on Thursday saw a sharp rally over renewed buying in IT stocks, ending up for the fourth straight session while touching a new all-time high.
77 pc Indian startups now invest in AI, small cities brimming with tech skill pool
More than 77 per cent of Indian startups now invest in advanced technologies such as artificial intelligence (AI), machine learning (ML), internet of things (IoT) and blockchain, a report showed on Thursday.
India’s automobile exports clock 15.5 pc growth in April-June quarter
India’s automobile exports clocked a robust 15.5 per cent growth in the April-June quarter of the current financial year compared to the same period in the previous year, according to data compiled by the Society of Indian Automobile Manufacturers (SIAM).
India’s defence exports record over 30-fold quantum leap in last 10 years
India’s defence exports have recorded a 30-fold quantum leap over the last 10 years from a mere Rs 686 crore in the financial year 2013-14 to a record Rs 21,083 crore in FY 2023-24, reflecting the global acceptability of Indian defence products and technologies.
Market outlook: Q1 results, FII inflow, monsoon updates key factors next week
The Indian equity market experienced one of the best weeks of 2024, with the Nifty and Sensex reaching all-time highs of 24,592.20 and 80,893.51, respectively, before closing at 24,502.15 and 80,519.34.
Indian realty sector saw over Rs 5,327 cr investment from domestic investors in April-June
Keeping up with the growth momentum in the Indian real estate industry, the domestic investors pumped in around $638 million (more than Rs 5,327 crore) in the real estate sector in the second quarter this year, from $127 million in the same period last year.
Sensex hits new all-time high on positive global cues
Indian equity benchmarks opened at a new record high on Thursday following positive cues from global peers. In early trading hours, Sensex and Nifty made a new all-time high of 80,374 and 24,400 respectively.
Hindenburg claims Kotak Mahindra group's fund short-sold Adani stocks, group says wasn't aware
After Hindenburg Research alleged that Kotak Mahindra group created and oversaw the offshore fund structure used by the investor partner of Hindenburg to short Adani stocks, the group on Tuesday said Hindenburg was never a client of its offshore fund and the fund was unaware of the US short seller being a partner of any of its investors.
Thales inks pact with Adani Defence to manufacture 70mm rockets in India
In a major fillip to the government's local manufacturing push, Adani Defence & Aerospace - the defence arm of the Adani Group — has signed an agreement with the Thales Group to manufacture 70mm rockets in India.
MCA refutes media reports on clean chit to Byju’s, says probe is still on
The Ministry of Corporate Affairs (MCA) clarified on Wednesday that it has not given Byju’s a clean chit over financial fraud as the investigation into the matter is still going on.
Adani Ports features on honour list of companies in Asia Pacific, only Indian firm in transport sector
Adani Ports and Special Economic Zone Limited (APSEZ) on Monday said it has made it to the honour list of the Institutional Investor Asia Pacific (ex-Japan) Executive Team Survey and in the transportation sector, the Adani Group company is the only Indian firm to feature on the list, at the second rank.
India now has 3,600 deeptech startups, ranks 6th globally: Nasscom
India now ranks sixth among the top nine deeptech ecosystems globally with 3,600 such startups, which received $850 million funding last year, a Nasscom report said on Thursday.
4 Adani ports make it to World Bank's global 'Container Port Performance Index'
Adani Ports and Special Economic Zone Limited (APSEZ) on Wednesday said four of its ports have been featured in the prestigious 'Container Port Performance (CPP) Index 2023', developed by the World Bank and S&P Global Market Intelligence.
'Green electron' and AI data centres to herald new infra push: Gautam Adani
The next decade will see the Adani Group invest more than $100 billion in the energy transition space and further expand its integrated renewable energy value chain that already spans the manufacturing of every major component required for green energy generation.
Stock markets at fresh record high, shares of defence companies surge
Riding on defence sector stocks led by Hindustan Aeronautics Ltd, Mazagon Dock, Paras Defence and Cochin Shipyard, the Indian indices closed at a fresh record high on Tuesday.
India’s spices exports hit record $4.46 billion in FY24, red chilli up by 15 pc
According to the latest data by the Spices Board under the Ministry of Commerce and Industry, the export of spices/spice products from the country has been 15,39,692 tonnes valued at Rs 36,958.80 crore ($4.46 billion) during FY 2023-24.
Sensex, Nifty hit new all-time high on strong global cues
Indian equity frontline indices opened in green on Tuesday following positive global cues. In the early trade, Sensex and Nifty made a new all-time high of 77,326 and 23,573 respectively.
Adani Group to build 570 MW green hydro plant in Bhutan, to collaborate on infra projects: Gautam Adani
Gautam Adani, Chairman of the Adani Group, on Sunday announced the signing of an agreement with Bhutan for a 570 MW green hydro plant, along with collaborating on transformative infrastructure initiatives in the neighbouring country.
Modi 3.0: Stock markets to touch new high in 1 yr, say global rating agencies
Indian stock markets have seen a robust rally since the new government's formation, closing at an all-time high in the last week. According to top rating agencies, the indices are set to gain new highs in the next 12 months.