FDI flows jump to 21-month high in Oct
Mumbai, Dec 26 - The net Foreign Direct Investment (FDI) flowing into India reached a 21-month high in October reflecting the strengthening fundamentals of the economy, according to data compiled by the RBI.
PSU stock indices outperform in trade
New Delhi, Dec 26 - PSU stocks are the top gainers in trade on Tuesday notching up gains of up to 11 per cent.
BharatPe logs 182% growth in revenue in FY23, EBITDA loss cut by Rs 158 cr
New Delhi, Dec 26 - Fintech major BharatPe on Tuesday said it has recorded 182 per cent growth in revenue in FY23 while EBITDA loss reduced by Rs 158 crore.
Bulls are likely to wait for the New Year for further action
New Delhi, Dec 26 - The global rally in December led by the US market has lifted most markets significantly, and India was fortunate to have the lift from the state election results too, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial
SoftBank likely sells $310 mn worth shares in IPO-bound FirstCry
New Delhi, Dec 26 - Japanese investment giant SoftBank has likely sold its stock worth $310 million in a second round sale in mother and child care e-commerce platform FirstCry, which is likely to file a draft paper for IPO this week.
Adani Green Energy Ltd completes PPA with SECI for 8000-MW solar power
Mumbai, Dec 25 - The Adani Green Energy Ltd (AGEL) has executed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) 1,799-MW solar power for a period of 25 years, an official said on Monday.
InCred raises $60 mn, becomes India’s 2nd unicorn of 2023
New Delhi, Dec 25 - Ending the drought, fintech lender InCred has become India’s second unicorn this year after raising $60 million from new and existing investors, the media reported on Monday.
Paytm lays off employees as it implements AI-powered automation
New Delhi, Dec 25 - Fintech leader Paytm has laid off several hundred employees from its operations, sales and engineering team, according to reports.
US clean tech unicorn Palmetto lays off employees in multiple job cuts
San Francisco, Dec 25 - US-based clean-tech unicorn Palmetto has reportedly done multiple rounds of layoffs amid the market slowdown.
2023 may have been cryptocurrencies best year ever
New York, Dec 25 - Crypto’s 14th year in existence was one marred by scandal, bankruptcy, fraud and regulatory squabbling. It still may have been the industry’s best year ever, CNN reported.
Bitcoin miners see transaction revenue grow a massive 400% in 2023
New Delhi, Dec 25 - The revenue collected by Bitcoin miners as transaction fees averaged about $2 million per day in 2023, registering a whopping 400 per cent increase year-on-year.
FPIs big buyers in financial services
New Delhi, Dec 23 - FPI inflows, which were negative in the previous three months, have sharply turned positive in December, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Solar PV module manufacturing projects of 48.3 GW capacity okayed under Centre’s PLI scheme
New Delhi, Dec 23 - The central government has given the go-ahead to big GW scale projects for setting up around 48.3 GW of integrated high efficiency Solar PV module manufacturing capacity in the country under its Production Linked Incentive (PLI) Scheme as
India may see 1 cr EV sales per year by 2030, says govt
New Delhi, Dec 23 - The country may see 1 crore electric vehicle (EV) sales annually by 2030, generating nearly 5 crore jobs, Minister of Road Transport and Highways, Nitin Gadkari, has said.
DIIs invested $ 20.2 bn in 2023
New Delhi, Dec 23 - While DII flows have been robust for the past few years, rising global interest rates have kept FPI flows under check, as per Quantum Mutual Fund.
Litmus test for humans as GenAI starts taking away entry-level jobs
New Delhi, Dec 22 - When IBM CEO Arvind Krishna predicted a few months ago that he could easily see 30 per cent of jobs getting replaced by AI and automation over a five-year period, his statement raised several eyebrows. As the year
Expect a deepfakes boom as hackers master use of AI, Machine Learning
New Delhi, Dec 22 - With the growth of Large Language Models (LLMs) like OpenAI's ChatGPT, Artificial Intelligence (AI) exploded in the public arena in 2023. According to experts, this trend is expected to continue beyond 2024, as both hackers and cybersecurity professionals
Banks in Punjab told to speed up disbursal of self-employment loans
Chandigarh, Dec 22 - Punjab Finance Minister Harpal Cheema and Member of Parliament Vikramjit Singh Sahney on Friday reviewed the progress of sanctioning and disbursement of loans under various schemes for self-employment with state heads of 40 banks here.
Polycab India shares plunge as taxmen raid company
Mumbai, Dec 22 - Polycab India shares plunged by close to 5 per cent on Friday amid reports of the Income Tax Department carrying out raids at 50 premises of the company nationwide.
Indian AI startups fuel innovation amid record funding, govt push
New Delhi, Dec 23 - As funding becomes scarce for the Indian startup ecosystem in general, the explosion of Artificial Intelligence (AI) has given a new lease of life to entrepreneurs and founders in the country, as the Centre extends support to the