India’s inclusion in Bloomberg Bond Index likely to attract investment exceeding $5 bn
New Delhi, March 5 - The decision to include Indian bonds in the Bloomberg Emerging Market Index, coming after the decision of JP Morgan to include India in the JP Morgan’s Emerging Market Bond Index, is a vote of confidence in the Indian
Govt targets 5-fold jump in India’s share of global space economy
Ahmedabad, March 5 - India’s Space economy stands at a modest $8 billion, but the government is targeting a five-fold increase in the country’s share of the global space economy, Union Minister Jitendra Singh said on Tuesday.
India story revolves around robust earnings growth: HSBC’s Van Der Linde
New Delhi, March 5 - The India story is not overly dependent on macro factors such as decisions by the central bank or interest rates in the country but revolves around visible and robust earnings growth, Herald Van Der Linde, head of Asia
Rajasthan: NABARD announces priority sector credit potential of Rs 3.62 lakh crore for FY 2024-25
Jaipur, March 5 - In a significant move towards fostering integrated and sustainable rural prosperity, the National Bank for Agriculture and Rural Development (NABARD) has announced a projected priority sector credit potential of Rs 3.62 lakh crore for the financial year 2024-25.
Technology’s share in world Mcap nearing 40 pc, showing high-level of concentration
New Delhi, March 5 - Technology’s share in world market cap is nearing 40 per cent, and no sector has reached this level of concentration before, as per an analysis by DSP Mutual Fund.
ACES to provide mobile infra services on underground Mumbai Metro 3 line
Mumbai, March 5 - The ACES India Pvt Ltd, a subsidiary of ACES Saudi Arabia, will provide mobile infrastructure services on the upcoming Mumbai Metro 3 line, the city’s first fully underground corridors, top officials said here on Tuesday.
Heatwaves, floods hit incomes of rural women, elderly more: FAO
Rome, March 5 - Extreme climate events like heatwaves and floods disproportionately affect the incomes of rural women, people living in poverty and older adults, according to a new report from the Food and Agriculture Organisation (FAO) of the United Nations on Tuesday.
Over two-third of all smallcap stocks have become multibaggers since Covid bottom
New Delhi, March 5 - More than two-third of all smallcap stocks have become multibaggers since the stock market bottom of Covid-19, as per an analysis by DSP Mutual Fund.
Gevra coal mine in Chhattisgarh poised to become largest in Asia
New Delhi, March 5 - Chhattisgarh-based Coal India subsidiary South Eastern Coalfield Limited’s (SECL) Gevra mine is set to become the largest coal mine in Asia as it has been granted environmental clearance to expand production capacity to 70 million tons per annum
BHEL gets over Rs 9,500 crore order from NTPC for Singrauli Super Thermal Project
Chennai, March 5 - Power equipment major Bharat Heavy Electricals Ltd (BHEL) has secured a power plant engineering, procurement, and construction (EPC) order of over Rs 9,500 crore from NTPC Ltd.
Google temporarily reinstates all delisted apps after Centre’s intervention
New Delhi, March 5 - Google on Tuesday said that it is temporarily reinstating all the delisted apps of developers with appeals pending in the Supreme Court, as the government met the tech giant and digital startups to resolve the matter.
Swiggy, IRCTC ink MoU to provide food delivery service on trains
New Delhi, March 5 - Online food delivery platform Swiggy on Tuesday said that the company has signed a Memorandum of Understanding (MoU) with the Indian Railway Catering and Tourism Corporation (IRCTC) to provide food delivery service on trains.
SEBI issues show-cause notice to PC Jeweller alleging non-compliance of disclosure requirements
New Delhi, March 5 - PC Jeweller has received a show-cause notice from the Securities and Exchange Board of India (SEBI) alleging non-compliance of listing and disclosure requirements.
Didn’t siphon off funds, $533 mn with our 100 pc non-US subsidiary: Byju’s
New Delhi, March 5 - Embattled edtech company Byju’s on Tuesday said that no funds have been siphoned off and around $533 million are currently in a 100 per cent non-US subsidiary of the company.
Deposit rush among Indian banks to raise competition for funds
New Delhi, March 5 - Surging credit has caused the loan-to-deposit ratios (LDRs) to climb at Indian banks, raising concerns that the trailing deposit growth and competition for funds would hit margins, according to S&P Global Market Intelligence data and analysis.
Publishers seek customs duty waiver as newsprint cost shoots up
New Delhi, March 5 - Indian Newspaper Society (INS) has urged the government to waive the 5 per cent customs duty on newsprint as publishers have come under a financial strain due to the escalation in costs.
Not just startups, Big Tech firms also opposed to fair-share demand from telcos: COAI
New Delhi, March 5 - Not just home-grown startups, large traffic generators (LTGs) like Google have also opposed the proposal for a fair-share contribution for additional costs borne by telecom service providers (TSPs), industry body Cellular Operators Association of India (COAI) said on
Jeff Bezos overtakes Elon Musk as world’s richest person
New Delhi, March 5 - Amazon founder Jeff Bezos has overtaken Tesla and SpaceX CEO, Elon Musk, as the richest person in the world, as per the Bloomberg Billionaires Index.
IIFL Finance shares at lower circuit of 20 pc after RBI order on gold loans
New Delhi, March 5 -The RBI in its order dated March 4 has directed IIFL Finance to stop sanctioning or disbursing gold loans, with immediate effect including ban on any assignment/securitization/down-selling transactions.
Tata Motors stock up 204 pc in last 36 months
New Delhi, March 5 - On the back of a strong performance across its key business segments, Tata Motors stock has significantly outperformed key indices with 204 per cent return in the last 36 months versus 50 per cent return in the Nifty,