Of the 57 IPOs in 2023, 41 received mega response of more than 10 times
New Delhi, Jan 3 - A total of 57 Indian corporates raised Rs 49,434 crore through main board IPOs in 2023, 17 per cent lower than the Rs 59,302 crore mobilized by 40 IPOs in 2022, according to Prime Database.
Adani Ports handled 35.65 MMT cargo in Dec ’23
Chennai, Jan 2 - The Adani Ports and Special Economic Zone Ltd (APSEZ) closed December 2023 by handling 35.65 MMT of cargo volumes, resulting in a strong 42 per cent year-on-year (YoY) increase.
Modi dedicates, lays foundation of Rs.20,000 crore projects in TN
Chennai, Jan 2 - Prime Minister Narendra Modi on Tuesday dedicated to the nation and laid the foundation for development projects worth over Rs.20,000 crore in Tiruchirappalli in Tamil Nadu.
US and global economy may face major challenges in 2024
Washington, Jan 2 - The US and the global economy may face major challenges in 2024 though they have proved to be surprisingly resilient in the past year. However, the strains of wars, still-elevated inflation and continued high interest rates could impact GDP
Consumer discretionary categories barring jewellery, travel staring at moderating growth
New Delhi, Jan 2 - Despite a promising start to the festive season, most sectors, excluding jewellery and travel, seem to have hit the snooze button, as per a report released by HDFC Securities.
Auto stocks top losers due to weak Dec volumes
New Delhi, Jan 2 - Nifty fell for the second consecutive session on Tuesday. At close, Nifty was down 0.35 per cent or 76.1 points at 21,665.8, while Sensex was down 379.46 points at 71,892.48.
Markets witnessing profit booking after 2 straight months of sharp up-move
New Delhi, Jan 2 - Domestic equities had a muted handover from its Asian peers after China released mixed manufacturing data on Tuesday.
AI, automation tools saving sales teams over 2 hrs of work each day: Study
San Francisco, Jan 2 - Artificial Intelligence (AI) and automation tools appear to be saving sales professionals over two hours of work each day a new study has found.
Investors adopting profit booking strategy before results season
New Delhi, Jan 2 - A bearish candle has emerged on the daily Nifty chart, indicating a potential bearish trend in the near future.
Flipkart co-founder Binny Bansal launches e-commerce startup ‘OppDoor’
New Delhi, Jan 2 - Flipkart co-founder Binny Bansal has come up with a new venture – ‘OppDoor’, which will help e-commerce companies expand operations globally by providing them with end-to-end solutions, a media report said on Tuesday.
Govt ups windfall tax on crude, ONGC & OIL to take hit
New Delhi, Jan 2 - The government has raised the windfall tax on crude oil and reduced the tax on diesel and aviation turbine fuel.
Hindustan Unilever shares down after Rs 447.5 cr GST demand
New Delhi, Jan 2 - Hindustan Unilever has made a disclosure regarding the Orders passed by Deputy Commissioner of Commercial Tax Officer, Bengaluru, Additional Commissioner, Central Tax and Central Excise, Kochi Commissionerate, Joint Commissioner, CGST and Central Excise, Mumbai East Commissionerate and Assistant
Israeli central bank cuts interest rate to 4.5% amid war
Jerusalem, Jan 2 - Amid the ongoing Israel-Hamas war, the country's central bank announced its decision to lower the benchmark interest rate by 0.25 percentage points to the new rate of 4.5 per cent.
Reserve Bank of India Deputy Governor flags risks of using AI in banking sector
New Delhi, Jan 1 - Reserve Bank of India Deputy Governor M. Rajeshwar Rao on Monday said that development and deployment of AI models in the banking sector need close human supervision commensurate with the risks that can materialise from employing the technology.
RBI issues new order to help recovery of unclaimed deposits in banks
Mumbai, Jan 1 - The Reserve Bank of India (RBI) has issued fresh instructions to banks to strengthen the ongoing efforts to reduce the quantum of unclaimed deposits in the banking system and return such deposits to their rightful owners or claimants.
Five oil majors to distribute more than $100bn to shareholders
London, Jan 1 - The world’s five largest listed oil companies are expected to reward their investors with record payouts of more than $100 million for 2023 against a backdrop of growing public outrage at fossil fuel profits, a media report said.
Xi Jinping makes rare admission that China’s economy is in trouble
Hong Kong, Jan 1 - China’s businesses are struggling and job seekers are having trouble finding work, President Xi Jinping acknowledged during his New Year’s Eve speech, a media report said.
97.38% Rs 2,000 banknotes have been returned: RBI
Mumbai, Jan 1 - The Reserve Bank of India (RBI) said on Monday that the total value of ₹2,000 banknotes declined to ₹9,330 crore at the close of business on December 29. Thus, 97.38 per cent of ₹2000 banknotes have now been returned.
Ola Electric clocks highest ever monthly registrations in Dec 2023, crosses 30K mark
New Delhi, Jan 1 - Ola Electric on Monday announced that it clocked its highest ever monthly registrations in December 2023 -- recorded 30,219 registrations and captured a 40 per cent market share in the EV 2W segment (as per VAHAN Portal).
RBI Deputy Governor flags risks of using AI in banking sector
New Delhi, Jan 1 - RBI Deputy Governor M. Rajeshwar Rao on Monday said that development and deployment of AI models in the banking sector need close human supervision commensurate with the risks that can materialise from employing the technology.