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Sensex trades higher on positive global cues
Business

Sensex trades higher on positive global cues

Mumbai, Aug 22: Indian equity indices opened in the green on Thursday following positive cues from US markets. At 9.44 a.m., Sensex was up 194 points or 0.24 per cent at 81,099 and Nifty was up 60 points or 0.24 per cent at 24,830. The market trend remains positive. On the National Stock Exchange...
PM Modi congratulates RBI Guv for top global rating 2nd time in a row
Business

PM Modi congratulates RBI Guv for top global rating 2nd time in a row

New Delhi, Aug 21: Prime Minister Narendra Modi on Wednesday congratulated RBI Governor Shaktikanta Das on being rated “A+” for the second time in a row in the ‘Global Finance Central Banker Report Cards 2024’. Responding to a post on X by the Reserve Bank of India, PM Modi said, “Congratulations to...
India’s target of $55 trillion economy is ambitious but achievable: IMF official
Business

India’s target of $55 trillion economy is ambitious but achievable: IMF official

New Delhi, Aug 21: India’s economy is projected to grow to $55 trillion by 2047 if the country is able to register an average real growth rate of 8 per cent in the coming years which is an ambitious but achievable target, IMF executive director Krishnamurthy V Subramanian has said.Speaking at a...
India inks pact to export green ammonia to Japan
Business

India inks pact to export green ammonia to Japan

New Delhi, Aug 21: India has signed an agreement for the export of green ammonia to Japan marking a significant step forward in the country’s journey to becoming a global leader in green energy in green hydrogen and ammonia production, the Ministry of New & Renewable Energy (MNRE) said.The Heads...
Private corporate investment to surge 54 pc to Rs 2.45 lakh crore in 2024-25: RBI report
Business

Private corporate investment to surge 54 pc to Rs 2.45 lakh crore in 2024-25:...

Mumbai, Aug 21: India’s private corporate investment is estimated to surge by 54 per cent to ₹2,45,212 crore in 2024-25 from ₹1,59,221 crore in 2023-24 based on “the phasing profile of the pipeline projects’ finances,” according to an RBI study. Phasing plans also indicate that aggregate capital...
Indian stock market outperformed Warren Buffett
Business

Indian stock market outperformed Warren Buffett's company in last 25 years:...

Mumbai, Aug 21: The Indian stock market outperformed the world's richest investor Warren Buffett's company Berkshire Hathaway in terms of return in the last 25 years, an AMC company report said. Helios, an India focused Singapore-based asset management company, said in a report that the Nifty 500...
Sensex trades higher, TCS and Wipro lead gains
Business

Sensex trades higher, TCS and Wipro lead gains

Mumbai, Aug 20: Indian equity benchmarks opened in the green on Tuesday due to positive action in heavy weight tech stocks like TCS and Wipro. At 9:50 a.m., Sensex was 364 points or 0.44 per cent at 80,774 and Nifty was 108 points or 0.44 per cent at 24,683. Buying is seen in smallcap and midcap...
Zomato sees block deal worth Rs 5,438 crore for 21 crore shares
Business

Zomato sees block deal worth Rs 5,438 crore for 21 crore shares

Mumbai, Aug 20: Online food delivery platform Zomato saw a block deal on Tuesday where 21 crore shares around 2.4 per cent equity worth Rs 5,438.5 crore changed hands. The block deal, likely by Antfin Singapore, was executed at an average of Rs 258 per share. The Zomato stock was marginally down at...
Headline numbers of India
Business

Headline numbers of India's economy are strong: Gita Gopinath

New Delhi, Aug 19: The overall headline numbers of India’s economy are strong, reflecting a large amount of public investment which has been a critical factor driving growth, according to IMF Deputy Managing Director Gita Gopinath. She said India must carry out further reforms to maintain its growth...
Adani Portfolio clocks 50 pc surge in net profit at Rs 10,279 cr in Q1, emerging businesses lead
Business

Adani Portfolio clocks 50 pc surge in net profit at Rs 10,279 cr in Q1, emerging...

Ahmedabad, Aug 19: Led by emerging businesses, including solar and wind manufacturing as well as airports and roads, the Adani Portfolio’s net profit soared 50.1 per cent to Rs 10,279 crore (year-on-year) in the first quarter of this fiscal, while EBITDA reached Rs 22,570 crore up 32.9 per cent YoY...
Foxconn
Business

Foxconn's India biz surges to $10 bn, Apple's India operations at $23.5 bn in...

New Delhi, Aug 19: In a big boost to the ‘Make in India’ initiative, especially the production-linked incentive (PLI) scheme, Taiwanese contract manufacturing giant Foxconn’s business in India has surged to 10 billion dollars till last fiscal. On the other hand, Apple’s India operations reached 23.5...
Going global: UAE merchants accept Rupee via UPI to attract Indian customers
Business

Going global: UAE merchants accept Rupee via UPI to attract Indian customers

New Delhi, Aug 17: The government of India has been promoting UPI as a global payment platform. Now merchants in the United Arab Emirates (UAE) are accepting payments via UPI in Rupees to attract Indian customers. One of the biggest retail companies in the UAE, Lulu has started giving customers the...
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