Cybersecurity firm TAC Security to go public, aims for Rs 100 cr revenue by 2026
New Delhi, Jan 1- Cybersecurity firm TAC Security on Monday said that the company is exploring capital raising options, including an Initial Public Offering (IPO) in early 2024 and eyeing revenue of Rs 100 crore by 2026.
Remarkable finish for US oil & gas sector with strong production figures for 2023
Washington, Dec 31 - The US has produced more oil and natural gas than ever before even as government planners were trying a tectonic shift to other alternative greener sources of energy to adhere to the climate change protocol's deadlines.
US dollar losing its dominance
Moscow, Dec 31 - The US dollar’s share of global central bank reserves has continued to decrease, nosediving to 59.2 per cent in the third quarter of 2023, according to the latest data released by the International Monetary Fund (IMF). The decline comes
Ratings agencies cheer India’s GDP surge buoyed by infra push, strong DPI
New Delhi, Dec 31 - India has emerged as the world’s fastest growing economy amidst a worldwide economic slowdown and continues to be a bright spot going ahead with the IMF upgrading its growth forecast for the country twice this year.
Indian economy to stay as ‘star performer’ with key indicators in its favour
New Delhi, Dec 31 - India continues to be a ‘star performing’ economy as against other emerging markets, as per a report by Axis Securities.
Drop in global prices a relief for oil import-dependent Indian economy
New Delhi, Dec 31 - The decline in global oil prices, despite the geopolitical uncertainty in West Asia, has come as a major shot in the arm for the Indian economy as the country imports over 85 per cent of its crude oil
India’s external position resilient despite pessimistic global trade outlook
New Delhi, Dec 31 - Global trade is projected to end the year 5 per cent down compared to 2022’s record levels, shrinking by about $1.5 trillion to below $31 trillion, according to UNCTAD’s latest Global Trade Update.
Electronic goods production in India to hit $115 bn in FY24, mobile phones at $50 bn
New Delhi, Dec 31 - The total production of electronic goods in India in FY23-24 is likely to reach $115 billion, buoyed by mobile phones’ local production which is estimated to exceed $50 billion in the current fiscal year, said the India Cellular
Malaysian PM pledges further economic development in 2024
Kuala Lumpur, Jan 1 - Malaysian Prime Minister Anwar Ibrahim pledged to prioritise economic development that will directly benefit the people in a New Year message.
Jordan’s economy grows by 2.7% by end of Q3
Amman, Jan 1 - Jordan's economy grew by 2.7 per cent by the end of the third quarter compared to the same period last year, the state-run Petra news agency reported.
Wall Street hit record high after record high in 2023
New York, Dec 30 - Wall Street hit record high after record high in 2023, a year investors had feared would be a washout as elevated interest rates threatened to grind the economy to a halt, media reports said.
Vietnam’s foreign trade hits 683 bln USD in 2023
Hanoi, Dec 30 - Vietnam posted a foreign trade record of 683 billion U.S. dollars in 2023, down 6.6 percent year on year with a trade surplus of 28 billion dollars, according to the latest statistics of the country's General Statistics Office.
RBI issues directions on Internal Ombudsman rules for banks, NBFCs
Mumbai, Dec 29 - The Reserve Bank of India (RBI) on Friday released a master direction on the Internal Ombudsman norms for banks and big NBFCs to harmonise the instructions applicable to various regulated entities on the Internal Ombudsman (IO) mechanism.
Finance Ministry sees GDP growth comfortably surpassing 6.5% in 2023-24
New Delhi, Dec 29 - The government expects the Indian economy's GDP growth rate in 2023-24 to "comfortably" exceed its forecast of 6.5 percent despite the risks to growth and stability outlook that mainly emanate from outside the country, according to the Finance
Hydropower major SJVN secures Rs 10,000 crore loan for renewable projects
Shimla, Dec 29 - Hydropower public sector SJVN has secured Rs 10,000 crore ($1.2 billion) construction finance facility to fund upcoming renewable power projects from domestic and international lenders, its Chairman and Managing Director Nand Lal Sharma said on Friday.
Core sector industries post 7.8% growth in Nov
New Delhi, Dec 29 - The eight core sector industries, which include coal, steel and electricity, posted a growth of 7.8 per cent in November compared to the same month last year, official data released on Friday showed.
Nifty ends 2023 higher by 20%
Mumbai, Dec 29 - Nifty corrected after rising for five sessions on Friday, but closed the week higher by 1.79 per cent.
Gold expected to move much higher in 2024
New Delhi, Dec 29 - The price of gold is expected to test levels from $2,060 to $2,090 per ounce, and on any correction if $2035 holds, the prices may target $2,115 level in the current up-move, as per a report by Emkay
NSE chief cautions investors on pitfalls of high risk derivatives
New Delhi, Dec 29 - Ashishkumar Chauhan, MD & CEO, National Stock Exchange (NSE) on Friday asked the investors to avoid the pitfalls of high-risk derivatives or frequent trading in stock market.
Tata Motors stock doubles in a year
New Delhi, Dec 29 - Tata Motors stock has doubled in the last one year compared to a little over 19 per cent returns for the Nifty.