Mutual funds at all-time high, FII holding down at 11-year low
New Delhi, May 6 - While the share of mutual funds in listed companies rose to another all-time high, FII holdings declined to an 11-year low.
Govt’s electronics component manufacturing PLI to end dependency on foreign suppliers, create jobs
New Delhi, May 6 - As the government begins the exercise to create benchmarks for electronics component manufacturing, industry stakeholders on Monday said the move will contribute significantly to creating an ‘Atmanirbhar Bharat’ and building a robust supply chain to further ramp up
Marico posts 5.3 pc rise in q4 net profit, declares dividend of Rs 6.50 per share
Mumbai, May 6 - Fast moving consumer goods major Marico on Monday reported a 5.3 per cent in consolidated net profit rose to Rs 318 crore for the Jan-March quarter compared to the corresponding figure of Rs 302 crore in the same period
Investment firm KKR to acquire Indian medical devices company Healthium
New Delhi, May 6 - Leading global investment firm KKR on Monday announced the signing of definitive agreements under which funds managed by KKR will acquire Indian medical devices company Healthium Medtech from an affiliate of Funds advised by the global private equity
India, Ghana agree to operationalise UPI link within 6 months
New Delhi, May 6 - India and Ghana have agreed to operationalise Unified Payment Interface (UPI) with Ghana Interbank Payment and Settlement Systems within six months in order to enable instant fund transfers for users in both countries, the Commerce Ministry said on
Decline in battery costs boosting green energy projects: ICRA
New Delhi, May 2 - The sharp decline in battery costs is expected to boost the share of generation from the renewable energy (RE) capacity, including large hydro, to 40 per cent of the all-India electricity generation by FY2030 from less than 25
India’s fiscal profile better placed to fight global economic shocks, says analyst
New Delhi, April 29 - India's fiscal profile has become structurally healthy amid better tax compliance, improved base and focus on quality spending, as per Emkay Global Financial Services.
Nifty closes above 22,550, Sensex up 487 pts on another day of gains
Mumbai, April 25 - The Nifty rose for the fifth consecutive session even as the volatility index inched up on Thursday, while the Sensex also made gains of over 480 points.
Adani Group’s ACC Limited logs highest-ever annualised PAT at Rs 2,337 crore in FY24
Ahmedabad, April 25 - ACC Limited, a subsidiary of Ambuja Cements, on Thursday announced lifetime high annualised profit after tax (PAT) at Rs 2,337 crore in FY24, up a staggering 378 per cent (year-on-year).
Metal, PSU stocks lead market gains
Mumbai, April 24 - Metal stocks are the top sectoral gainers in trade while PSU stocks also posted strong gains on Wednesday.
Multiple catalysts for re-rating across verticals as RIL exits fourth investment cycle: Morgan Stanley
New Delhi, April 23 - Global brokerage Morgan Stanley has pointed to multiple catalysts for re-rating across verticals as Reliance Industries Limited (RIL) exits its fourth investment cycle.
More than one in five cars sold worldwide is expected to be electric: IEA
New Delhi, April 23 - More than one in five cars sold worldwide this year is expected to be electric, with surging demand projected over the next decade set to remake the global auto industry and significantly reduce oil consumption for road transport,
India’s economic activity surges to 14-year high in April: HSBC survey
Mumbai, April 23 - India's economic activity surged close to a 14-year high this month on the back of a strong performance of the manufacturing and services sectors, according to an HSBC survey released on Tuesday.
Travel searches for Ayodhya grew by 585 pc, Ujjain by 359 pc: Report
New Delhi, April 22 - Travel searches for Ayodhya increased by 585 per cent, Ujjain by 359 per cent, and Badrinath by 343 per cent in 2023, as compared to 2022, a new report showed on Monday.
Lupin launches new generic drug in US market
Mumbai, April 22 - Pharma major Lupin Limited announced on Monday that it has launched Mirabegron extended-release tablets, 25 mg, in the United States market, after having received approval from the United States Food and Drug Administration (U.S. FDA).
Hyundai Motor signs 174-MW renewable energy deal for EV plant in US
Seoul, April 22 - Hyundai Motor Group said on Monday it has signed a 174-megawatt power purchase agreement (PPA) with a solar energy project led by Spain's Matrix Renewables to power its envisioned electric vehicle (EV) plant in the United States with renewable
IREDA posts 45 pc jump in net profit at Rs 1,252 crore for 2023-24
New Delhi, April 20 - Indian Renewable Energy Development Agency Ltd. (IREDA) on Saturday reported a 44.83 per cent jump in net profit to Rs 1,252.23 crores for the financial year ended March 31, 2024, compared to the net profit of Rs 864.63
Wipro net profit dips 8 pc to Rs Rs 2,835 crore in Jan-March quarter
Bengaluru, April 19 - IT software major Wipro on Friday reported an 8 per cent net profit of Rs 2,835 crore for the Jan-March quarter of 2023-24 compared to the corresponding figure of Rs 3,074.5 crore in the same period last year.
Tokyo stocks fall sharply on Middle East tension
Tokyo, April 19 - Tokyo stocks closed sharply lower on Friday, weighed down by the risk-off sentiment stemming from the escalating conflict in the Middle East.
CAG of India inks pact with SAI Bulgaria to enhance audit expertise
Sofia, April 19 - The Comptroller and Auditor General of India (CAG) in a step towards fostering international cooperation signed a Memorandum of Understanding (MoU) with SAI Bulgaria, the Bulgarian National Audit Office.