Indian markets snapped 5-day winning streak weighed down by realty, IT stocks
New Delhi, Jan 16 - Devarsh Vakil - Deputy Head Retail Research, HDFC Securities on Tuesday said that Nifty broke the 5 session’s winning streak by falling 65 points to close at 22032 weighed down mainly by realty and IT stocks.
WEF meet kicks off in Davos with focus on economic downturn, rising inflation
Davos (Switzerland), Jan 17 - The World Economic Forum (WEF) has kicked off its 54th meeting in Davos amid an atmosphere of uncertainty about when the global downturn will reverse and when the rising inflation in most countries will be reined in.
Over 60 heads of state to attend WEF conference in Davos
New York, Jan 16 - Over 60 heads of state will attend the World Economic Forum (WEF) in Davos this year, media reports said.
RBI wants ceiling for state govts’ guarantees to be fixed at 5% of revenue
Mumbai, Jan 16 - The Reserve Bank of India (RBI) on Tuesday recommended that state governments should consider fixing a ceiling for incremental guarantees that they issue during a year at 5 per cent of Revenue Receipts or 0.5 per cent of Gross
World’s richest 5 would take 476 years to go broke if they spend $1 mn daily: Report
New Delhi, Jan 16 - It would take 476 years for the world's top five richest men to exhaust all their money if they decided to spend $1 million per day, a new report has said.
3.7 crore people came out of poverty in Bihar due to Nitish’s policies: Choudhary
Patna, Jan 16 - After a NITI Aayog report revealed on Monday that 3.70 crore people of Bihar had come out of poverty, the state’s Finance Minister, Vijay Kumar Choudhary, said on Tuesday that such an achievement was possible due to the leadership
Kerala attracted Rs 91,575 crore investment between 2018-23: Study
Thiruvananthapuram, Jan 16 - Kerala has successfully attracted over Rs 91,575 crore of new investment projects during 2018-19 to 2022-23, completed projects worth Rs 33,815 crores, and generated new job opportunities, direct and indirect, for about five lakh people, according to a study
India’s trade deficit may turn volatile due to Red Sea danger: Nomura
New Delhi, Jan 16 - India's trade deficit may turn volatile in the coming months given the supply-side disruptions in the Red Sea due to the attacks on commercial ships by Houthi rebels in retaliation to Israel’s action in Gaza, according to a
Gujarat, Karnataka, Kerala, TN ranked best states for startups
New Delhi, Jan 16 - Gujarat, Karnataka, Kerala, and Tamil Nadu were ranked as the best performing states in India at the startups awards function held here on Tuesday.
Builder can’t take over 10% project cost from buyer as advance or application fee: RERA
Gurugram, Jan 16 - The Real Estate Regulatory Authority (RERA) said on Tuesday that no promoter should accept more than 10 per cent of the cost of a flat, plot or building as an advance payment or application fee.
Investors wonder if market euphoria is overdone: Experts
New Delhi, Jan 16 - Head of Research, Geojit Financial Services, Vinod Nair on Tuesday said that the investors are contemplating whether the current euphoria in markets is far-fetched, especially with elevated domestic valuations in mid and small caps.
Delhi airport’s runway 29L CAT III operational from today: Scindia
New Delhi, Jan 16 - Union Minister of Civil Aviation, Jyotiraditya Scindia said that RWY (runway) 29L at the Delhi airport has been made CAT III operational from Tuesday.
Karnataka Bank & Clix Capital enter into a co-lending partnership through Yubi platform
New Delhi, Jan 16 - Karnataka Bank (KBL), a leading private sector bank and Clix Capital, one of India's fastest growing new-age NBFCs, have entered into a strategic digital co-lending partnership through YubiCo.Lend platform.
REC issues green bonds worth record 61 billion Japanese Yen in global market
New Delhi, Jan 16 - Maharatna public sector company REC Limited has successfully issued green bonds worth 61.1 billion Japanese Yen which is the largest ever Yen-denominated issue from India, according to an official statement released on Tuesday.
Wow! Momo raises Rs 410 cr in latest round led by Khazanah, OAKS
New Delhi, Jan 16 - Quick service restaurant (QSR) chain, Wow! Momo, said on Tuesday that it has raised Rs 410 crore (around $49 million) in its Series D round led by Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, and OAKS
Govt aiming for 50% reduction in road accidents by 2030: Gadkari
New Delhi, Jan 16 - Union Minister for Road Transport and Highways Nitin Gadkari on Tuesday said that road safety is the top-most priority of the Government with a target to reduce accident deaths by 50 per cent till 2030.
Aviation ministry issues show cause notices to Indigo, Mumbai airport
New Delhi, Jan 16 - The Bureau of Civil Aviation Security (BCAS) on Tuesday issued a show cause notice to Indigo and Mumbai Airport after a video of passengers eating and sitting on the tarmac at the airport went viral on social media.
Centre imposes 50% export duty on molasses
New Delhi, Jan 16 - The Central government has imposed a 50 per cent export duty on molasses, a by-product of sugarcane, with effect from January 18.
Hindustan Copper, NALCO shares up after lithium mining pact with Argentina
New Delhi, Jan 16 - Shares of Hindustan Copper and NALCO were up on Tuesday after India’s KABIL and Argentina’s CAMYEN SE signed a landmark agreement for first-ever exploration and mining of Lithium.
For 3rd consecutive year, India’s nominal GDP growth will be strongest in Asia
New Delhi, Jan 16 - India’s nominal GDP growth will accelerate to 11.6 per cent this year versus 9.2 per cent in 2023, making it the third consecutive year that the country’s nominal GDP growth will be the strongest in Asia, according to