Category: business
Market   Personal Finance   Corporate   Share Market  

Indian stock markets closed at an all-time high in the last week. This is the second consecutive week when Indian frontline indices Sensex and Nifty made a new all-time high of 77,145 and 23,490 respectively.

Gautam Adani, Chairman of the Adani Group, on Friday said the Adani Group is looking forward to forge a long-term partnership with Tanzania -- one of Africa's most promising and strategically important nations -- across industries including ports, renewable energy, and airports.

The Adani Group company received the highest rating of "A" for its initiatives in emission reduction, climate governance, supplier engagement, Scope 3 emissions and risk management processes.

Adani Defence and Aerospace on Tuesday signed a landmark agreement with EDGE Group, the leading advanced technology and defence group in the UAE, to collaborate across strategic defence and military domains, combining their expertise in missiles, weapons, unmanned platforms, and cyber systems.

This represents a significant 7 per cent growth (YoY) compared to the previous fiscal, when the total cargo handled was 9,44,912 metric tonnes, the company said in a statement.

The shares of Adani Group's portfolio of companies made a strong comeback on Wednesday, led by Adani Green Energy and Adani Ports, as the stock markets recovered from Tuesday's losses.

The Indian indices shrugged off election jitters and massively rebounded in a sharp rally on Wednesday, as the BJP-led National Democratic Alliance (NDA) prepared to stake fresh claims for government formation.

Jitters of counting day led the Indian indices to experience their biggest fall in the last four years on Tuesday with the investors losing nearly Rs 30 lakh crore in a single season.

Sensex went down over 1,500 points on Tuesday as the Nifty dropped more than 500 points amid early trends on Lok Sabha elections counting day.

The Indian stock markets gained over Rs 12 lakh crore, or 3.25 per cent, on Monday as fundamentals, technicals and sentiments turned favourable at the same time, which is a rare phenomenon, experts said.

Indian equity benchmarks opened at an all-time high on Monday due to Exit Polls predicting a Modi government comeback.

The Goods and Services Tax (GST) collections for May came in at Rs 1.73 lakh crore, a 10 per cent growth (year-on-year), driven by a strong increase in domestic transactions and slowing of imports, the Centre said on Saturday. 

Oil prices declined for a third day in a row in the international market on Wednesday, despite geopolitical tensions, as the US Federal Reserve is not expected to reduce interest rates any time because of the high inflation rate.

The report which has increased the forecast of India’s GDP growth by 0.7 percentage points to 6.9 per cent identifies increased foreign investments as an important factor that is propelling the country’s GDP growth.

The special trading sessions on Saturday saw Indian equity markets extending their winning streak as the benchmark indices ended higher on both of the special sessions.

Addressing the 'CII Annual Business Summit 2024' in the capital, EAM Jaishankar said the embassies will continue to extend their fullest support to the economic and employment interests abroad.

The acquisition covers a fully operational 400 kV, 673 ckt kms (circuit kilometres) inter-state transmission line, linking Mahan in Madhya Pradesh to Sipat pooling substation in Chhattisgarh.

India has surpassed major countries like Australia, Hong Kong SAR, Japan, Singapore, and Korea becoming the country with the highest data centre capacity of 950 MW in the Asia-Pacific region (excluding China), according to a private report released on Wednesday.

Financial markets play a crucial role in capital mobilisation and allocation, and the stability of government is the first criterion for the Indian stock indices to make a difference to the growing economy, Finance Minister Nirmala Sitharaman said here on Tuesday.

India’s consumer price inflation eased to an 11-month low of 4.83 per cent in April, bringing more relief to household budgets, figures released by the Ministry of Statistics showed on Monday.

India Inc saw robust deal-making activity in April, with three major domestic consolidations by the Adani Group valued at $2 billion, representing 38 per cent of the total deal values, a new report showed on Monday.

As India's digital and less-cash journey gains steam, more and more people are not only purchasing their daily essentials via unified payments interface (UPI) mode of digital transactions but also costly home appliances, high-end gadgets and designer apparels, among other things.

It was former Prime Minister Atal Bihari Vajpayee who announced May 11 as National Technology Day, to commemorate the Pokhran nuclear tests conducted by the Indian Army in Rajasthan in 1998.

Stock exchanges informed their trading members that a special live trading session is scheduled on Saturday, 18th May 2024 together with participating MIIs -- BSE, NSE, ICCL, NCL, CDSL, NSDL, and MSEI. During this special live trading session, mentioned MIIs will perform intra-day switch-over to their respective Disaster recovery site.

India's services sector continued to register robust growth in April on the back of strong domestic and foreign demand, which lifted business confidence to a three-month high, according to an HSBC survey published on Monday.