Gold prices likely to move towards a new high of Rs 70,000
New Delhi, Dec 4 - Gold prices are likely to move towards a new high of Rs 70,000, as per a report by ICICI Direct, while silver, remaining supported amid rising industrial demand, may edge higher towards Rs 85,000.
Despite challenges, India saw birth of over 950 tech startups last year: Report
New Delhi, Jan 4 - Despite facing global challenges in 2023 like valuation issues, few IPOs, regulatory changes and macroeconomic and geopolitical trends, India remains the third largest tech start-up ecosystem globally, with over 950 tech startups founded last year, a report showed
Centre signs two deals to buy Rs 800 cr equipment for Army from domestic firms
New Delhi, Jan 4 - The Ministry of Defence signed two contracts on Thursday for procurement of 697 Bogie Open Military (BOM) Wagons at a cost of Rs 473 crore with M/s Jupiter Wagons Limited and the procurement of 56 Mechanical Minefield Marking
Xiaomi launches Redmi Note 13 Series in India, starting at Rs 16,999
New Delhi, Jan 4 - Global technology brand Xiaomi on Thursday launched the Redmi Note 13 Series in the Indian market at a starting price of Rs 16,999.
Indian fintech sector funding plunges 63% in 2023: Report
New Delhi, Jan 4 - India's fintech sector saw funding plunge 63 per cent in 2023 -- at just $2 billion -- from $5.4 billion raised in 2022, a report showed on Thursday.
Kotak Life Insurance to expand branch network
Chennai, Jan 4 - With the licence to open 30 more branches, private life insurer Kotak Life Insurance Company Ltd, (Kotak Life) will expand its distribution network this year, said a senior official. The company currently has 289 branches.
Indian enterprises to up AI spending by 68% in 2024: Report
New Delhi, Jan 4 - About 68 per cent of IT leaders stated they are gearing up for an increase in Artificial Intelligence (AI) spending over the next 12 months, a new report has revealed.
India leads deal value in healthcare sector in Asia-Pacific in 2023
New Delhi, Jan 4 - India registered the largest share of deal value in the healthcare sector in the Asia-Pacific in 2023, a new report has shown.
Intel launches enterprise GenAI software firm with Arun Subramaniyan as CEO
New Delhi, Jan 4 - Chip giant Intel has announced a new enterprise-focused generative AI (GenAI) software company called Articul8 with global investment firm DigitalBridge Group.
Pocket FM’s India arm logs 647% revenue growth in FY23, losses down by 56%
New Delhi, Jan 4 - Homegrown audio streaming platform Pocket FM on Thursday disclosed the financial performance of its India subsidiary for FY2023, reporting a 647 per cent surge in revenue, reaching Rs 131 crore and a 56 per cent decrease in loss
Real estate stocks jump up to 15%
New Delhi, Jan 4 - Real estate stocks are on fire with the realty index jumping more than 5 per cent on Thursday.
US-based Invesco raises Swiggy’s valuation to $8.3 bn
New Delhi, Jan 4 - US-based investment company Invesco has raised IPO-bound food delivery platform Swiggy's valuation to about $8.3 billion.
ONGC wins 7 of 10 oil exploration blocks put up for bidding
New Delhi, Jan 3 - Public sector giant Oil and Natural Gas Corporation (ONGC) won seven of the 10 oil and gas exploration that were put up for bidding on Wednesday as part of the eighth round of Open Acreage Licensing Policy (OALP-VIII).
India’s GDP to touch $4 tn ahead of LS polls: Piyush Goyal
New Delhi, Dec 3 - India will become a $4 trillion economy before the Lok Sabha elections and in 2 to 2.5 years, it will touch the $5 trillion GDP mark, Commerce and Industry Minister Piyush Goyal said on Wednesday.
India saw highest private equity, venture capital exits in 2023: Report
New Delhi, Jan 3 - India saw the highest number of private equity and venture capital exits in 2023, according to a report on Wednesday.
Adani Group to set up data centre, aerospace park in Telangana
Hyderabad, Jan 3 - The Adani Group has come forward to invest in Telangana and it is keen to set up a data centre and aerospace park.
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
SpaceX launches 1st batch of satellites for mobile phone connectivity anywhere on Earth
New Delhi, Jan 3 -Elon Musk-run aerospace company SpaceX has launched the first batch satellites to connect mobile phone users anywhere on the planet.