Sensex trades flat on negative global cues
Mumbai, June 27 - India equity indices opened flat on Thursday following negative cues from global markets.
Jio consolidates its leadership position by acquiring right to use spectrum in 1800 MHz band in 2 circles
Mumbai, June 26 - In the Spectrum Auction conducted by the Department of Telecommunications which concluded on Wednesday, Jio, India’s largest digital services provider, acquired additional spectrum in the 1800 MHz band in Bihar and West Bengal.
SBI raises Rs 10,00 crore via infrastructure bonds
Mumbai, June 26 - The country’s biggest lender State Bank of India (SBI) has raised Rs 10,000 crore through 15-year infrastructure bonds at a coupon rate of 7.36 per cent that is payable annually.
Australia inks $18 million pact with ISRO’s commercial arm
New Delhi, June 26 - The Australian government on Wednesday entered into an $18 million memorandum of understanding (MoU) with NewSpace India Limited (NSIL), the commercial arm of the Indian Space Research Organisation (ISRO).
Nazara partners nCore to publish ‘Made in India’ FAU-G Domination game
New Delhi, June 26 - The publishing arm of gaming company Nazara Technologies on Wednesday said that it has partnered with nCore Games to publish the 'Made in India' FAU-G Domination mobile game.
LTIMindtree appoints SN Subrahmanyan as Chairman as Naik steps down
Mumbai, June 26 - Global technology consulting and digital solutions company LTIMindtree on Wednesday said it has appointed veteran SN Subrahmanyan, (Vice-Chairman) as Chairman with effect from June 27, as AM Naik decided to step down from the post.
Wipro 3D, Nikon SLM Solutions join hands to boost additive manufacturing in India
New Delhi, June 26 - Wipro 3D and Nikon SLM Solutions on Wednesday announced a strategic partnership to accelerate the adoption of additive manufacturing in India.
5G spectrum auction sees bids worth Rs 11,000 crore, Bharti Airtel leads
New Delhi, June 26 - The 5G spectrum auction saw bids worth over Rs 11,000 crore on Wednesday, with Bharat Airtel emerging as the biggest bidder.
5G subscriptions projected to reach 840 million in India by 2029 end: Report
New Delhi, June 26 - 5G subscriptions are projected to reach around 840 million in India by the end of 2029, accounting for 65 per cent of mobile subscriptions in the region, a new report showed on Wednesday.
Finance Ministry tells PSBs to open more brick & mortar branches in villages
New Delhi, June 26 - The Finance Ministry on Wednesday advised the chiefs of public sector banks to expedite the opening of more brick-and-mortar branches in villages to further strengthen financial inclusion initiatives taken by the government.
RBI Chief sees India on path to steady 8 pc GDP growth
Mumbai, June 26 - RBI Governor Shaktikanta Das sees India moving ahead towards an 8 per cent GDP growth trajectory on a sustained basis, driven by structural economic reforms such as GST.
Over 1.1 lakh new subscribers join National Pension Scheme in April
New Delhi, June 26 - The National Pension System enrolled as many as 110,655 new subscribers in April, reflecting the increasing attractiveness of the scheme, according to the latest figures compiled by the National Statistical Office.
Global fintech industry sees robust 14 pc revenue growth, India shows the way
New Delhi, June 26 - Despite significant shifts in funding and valuations, the global fintech industry saw a robust annual revenue growth of 14 per cent from 2021 to 2023, a report showed on Wednesday, adding that India is reaping the benefits of
India’s FMCG sector poised to clock 7 to 9 pc growth rate in 2024: Report
New Delhi, June 26 -: India’s FMCG (fast-moving consumer goods) sector is expected to post a growth rate of 7-9 per cent in 2024 on the back of government initiatives to stimulate consumption and create more jobs, according to a report.
Sensex trades flat amid selling in midcap stocks
Mumbai, June 26 - Indian equity benchmarks opened flat on Wednesday following selling pressure on midcap stocks.
India’s manufacturing sector to reach $1.66 trillion by FY34 with GDP share at 21 pc
Mumbai, June 25 - Driven by the production-linked incentive (PLI) scheme, the country’s manufacturing sector is projected to expand threefold, reaching a market size of $1.66 trillion from the current $459 billion (FY24), a report showed on Tuesday.
Centre may increase welfare spending in upcoming budget: Report
New Delhi, June 25 - The Central government is likely to increase its welfare spending on social schemes by Rs 50,000 crore in the upcoming budget, due to robust tax collection and record dividend from the Reserve Bank of India (RBI), according to
Indian automotive & ancillary sector to reach Rs 15 lakh crore, create over 19 million jobs
Mumbai, June 25 - Buoyed by the government policies, the Indian automotive and ancillary sector is likely to double its size to Rs 15 lakh crore, providing employment to over 19 million people by the end of 2023, a report said on Tuesday,
Foreign portfolio investors bullish on Indian markets, pumps Rs 23,786 crore since June 10
New Delhi, June 22 - Buoyed by the policy and reform continuity, foreign portfolio investors (FPIs) have altered their position in the equity market following the election results, injecting Rs 23,786 crore since June 10, industry analysts said on Saturday.
India’s innovation ecosystem poised for exponential growth: Industry
New Delhi, June 22 - India's innovation ecosystem is poised for exponential growth, driven by robust government policies, increased venture capital and a dynamic talent pool, industry experts said on Saturday.