Rupee rises for 6th day in a row
Mumbai, Jan 10 - The Indian rupee recovered early losses to end higher for a sixth straight day on Wednesday as expectations rose about more foreign funds flowing in.
Domestic air passengers stood at 138 lakh in Dec, 2023: ICRA
Chennai, Jan 10 - Credit rating agency ICRA on Wednesday said its outlook on the Indian aviation industry is stable on the back of the fast-paced recovery in domestic passenger traffic in FY2023 and nine month FY2024, and expectations of the trend continuing
Velocity announces Rs 300 cr growth capital fund for Indian B2B SaaS firms
New Delhi, Jan 10 - Homegrown fintech startup Velocity on Wednesday announced an ambitious Rs 300 crore growth capital fund dedicated to empowering the next wave of B2B software-as-a-service (SaaS) businesses in the country.
Defence, Railways stocks have run up too much too fast, say analysts
New Delhi, Jan 10 - The market is moving up and down without a directional trend. Up moves are countered with selling and down moves are responding by buying. A trend might emerge in the coming days in response to Q3 results, says
Paytm to invest Rs 100 cr in GIFT City, to offer AI-driven cross border remittance
New Delhi, Jan 10 - One97 Communications Limited (OCL) that owns India's leading payments and financial services company Paytm, on Wednesday announced an investment of Rs 100 crore in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem, ahead of
Nifty faces profit booking at higher levels
New Delhi, Jan 9 - The benchmark indices witnessed volatile trading session, after a roller coaster activity the Nifty ends 32 points higher while the Sensex was up by 31 points, says Shrikant Chouhan, Head-Equity Research, Kotak Securities.
Zee Entertainment says committed to merger with Sony
New Delhi, Jan 9 - Zee Entertainment has reiterated that the Company is committed to the merger with Sony and is continuing to work towards a successful closure of the proposed merger.
Patanjali Foods hits new 52-week high
New Delhi, Jan 9 - Patanjali Foods shares are up more than 5 per cent on Tuesday to hit a new 52-week high.
Govt plans to invest Rs 45,000cr to develop river cruise tourism
New Delhi, Jan 8 - The maiden edition of Inland Waterways Development Council (IWDC) chaired by Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal in Kolkata on Monday has committed an investment of Rs 45,000 crore for the development of river cruise
India’s farm exports to exceed $53 bn in 2023-24: Piyush Goyal
New Delhi, Jan 8 - India's agricultural exports in 2023-24 will exceed last year’s level of $53 billion despite the restrictions imposed on overseas shipments of some commodities, Commerce and Industry Minister Piyush Goyal said on Monday.
SEBI tightens short selling rules
Mumbai, Jan 4 - Institutional investors will have to disclose upfront at the time of placement of an order whether the transaction is a short sale, according to a new circular issued by markets regulator SEBI on Friday.
Govt ups GDP growth forecast to 7.3% for 2023-24
New Delhi, Dec 5 - India's gross domestic product (GDP) is estimated to grow by 7.3 per cent in 2023-24, up from 7.2 per cent in 2022-23, according to the advance estimate released by the Ministry of Statistics on Friday.
Services sector records robust growth in Dec 2023
Mumbai, Jan 5 - India’s services sector posted a robust growth in December 2023 on the back of strong demand and a positive outlook ahead, according to an HSBC survey.
Muted business updates from corporates dent market sentiments
Mumbai, Jan 3 - Muted monthly and quarterly business updates from corporates have dented market sentiments generally, Deepak Jasani, Head of Retail Research at HDFC Securities, said on Wednesday.
Nifty declines for second day on profit booking, weak PMI data
Mumbai, Jan 3 - Domestic equities continued to witness profit booking on the back of weak global cues and a fall in India’s PMI manufacturing to an 18-month low at 54.9 for December, Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial
As New Year begins, there’s some nervousness in markets
Mumbai, Jan 3 - In some areas, valuations seem stretched, as seen in the surge of micro-cap stocks and the enthusiasm for new issues, including in the SME sector, Jaykrishna Gandhi, Head of Business Development, Institutional Equities at Emkay Global Financial Services, said
40 companies looking to raise nearly Rs 70,000 cr through IPO let their approval lapse in 2023
New Delhi, Jan 3 - The IPO pipeline for 2024 continues to remain strong. 27 companies proposing to raise Rs 28,500 crore are presently holding SEBI approval while another 36 companies looking to raise about Rs 40,500 crore are awaiting SEBI approval, as
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.
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.