Oil & gas stocks shine as markets hit fresh highs
Mumbai, Dec 28 - The benchmark index maintained its optimism and hit fresh highs owing to ease in Red Sea issue and reversal of FII inflows, Vinod Nair, Head of Research at Geojit Financial Services, said on Thursday.
Global PC industry sales to drop to $219.2 bn in 2024, third year of decline
New Delhi, Dec 28 - Facing a third year of decline, the global PC industry outlook for 2024 does not look optimistic and its revenue is expected to drop by $1.3 billion, pushing the total three-year loss to almost $11 billion, a report
Centre extends customs duty exemption on tur, urad dal till March 2025
New Delhi, Dec 28 - The central government has extended the customs duty exemption on tur and urad dal imports by another year, till March 31, 2025 in order to keep food inflation in check.
Ahmedabad tops list for affordable homes, Pune & Kolkata tie at 2nd spot
Mumbai Dec 28 - Ahmedabad, Pune and Kolkata are the country’s most affordable cities for home buyers while Mumbai continues to be the most expensive followed by Hyderabad, according to the latest Affordability Index report by real estate consultancy firm Knight Frank India.
Xiaomi forays into automotive sector, unveils its 1st EV
New Delhi, Dec 28 - Global technology brand Xiaomi on Thursday announced its entry into the automotive industry by unveiling its long-awaited first electric vehicle.
IIL begins work on animal vaccine manufacturing unit in Hyderabad
Hyderabad, Dec 28 - Leading biotechnology company Indian Immunologicals Limited (IIL) has started construction of its new greenfield veterinary vaccine facility at Genome Valley in Hyderabad.
Very little value in most parts of market after recent run-up in mega-cap names, says brokerage
New Delhi, Dec 28 - There is very little value in the market across the capitalisation spectrum after the recent run-up in the mega-cap. names, the last bastion of value in the market until recently, says a report by Kotak Institutional Equities.
Tesla may set up EV plant in Gujarat, Musk likely to visit India next month
New Delhi, Dec 28 - Elon Musk’s Tesla may finally end its dry run in India and announce to set up an Electric Vehicle (EV) supply system manufacturing plant in Gujarat during the ‘Vibrant Gujarat Global Summit’ next month. The announcement is likely
Sterlite Power acquires Neemrana II Kotputli Transmission from PFC
New Delhi, Dec 28 - Sterlite Power announced the acquisition of Neemrana II Kotputli Transmission Limited, a Special Purpose Vehicle (SPV) from PFC Consulting Limited (PFCCL).
NBFC’s vehicle loan AUM to vroom to Rs 8.1 lakh cr by 2025
Chennai, Dec 28 - Credit rating agency CRISIL Ratings Ltd on Thursday said the vehicle financing assets under management (AUM) of non-banking finance companies (NBFC) would rise to Rs 8,10,000 crore by March 31, 2025.
IPO-bound FirstCry files DRHP, aims to raise Rs 1,816 cr
New Delhi, Dec 28 - Mother and child care e-commerce platform FirstCry on Thursday filed its draft red herring prospectus (DRHP) with the market regulator SEBI, seeking to raise Rs 1,816 crore via fresh issue of shares.
Oil and gas stocks gain led by HPCL
New Delhi, Dec 28 - Oil and gas stocks are up in trade on Thursday led by HPCL which gained more than 6 per cent.
HUDCO up 18% after investment MoU with Gujarat govt
New Delhi, Dec 28 - Shares of HUDCO are up more than 18 per cent in trade on Thursday after the PSU company signed an MoU with Gujarat government for investment of Rs 14500 crore.
India’s coal output rises 12.3% to 664.37 mn tonnes in FY 2023-24
New Delhi, Dec 28 - The country's coal production has shot up to 664.37 million tonnes (MT) during the current financial year (April 2023 to December 25) which is robust 12.29 per cent increase over the corresponding figure of 591.64 MT for the
Oil prices stabilise as Red Sea transport disruptions ease
New Delhi, Dec 28 - Oil prices steadied after falling sharply in the previous session, as concerns eased about shipping disruptions along the Red Sea route even as tensions in the Middle East continued to rise, media reports said.
Periscope Lens setting new trends in flagship-level smartphones
New Delhi, Dec 28 - Over the years, smartphone cameras have undergone a remarkable evolution. What started as simple devices for capturing basic images have now transformed into sophisticated systems capable of professional-grade photography.
Market’s volatility index surges
New Delhi, Dec 28 - VIX is now much above when Nifty plunged to sub 19000 levels in late October, warning that the volatility expectations are significantly higher now said Anand James, Chief Market Strategist at Geojit Financial Services.
Zomato stock down after Rs 400 cr show-cause notice for GST dues
New Delhi, Dec 28 - Zomato shares were trading more than 4 per cent down on Thursday morning after it received Rs 400 crore show-cause notice from the goods and services tax (GST) authorities over unpaid dues collected as "delivery charges".
HTech geared up to expand HONOR ecosystem of products in India in 2024
New Delhi, Dec 28 - HTech is all set to expand HONOR’s portfolio in the country and include various Artificial Intelligence of Things (AIoT) products to build a comprehensive suite of new smart devices. The first product will be ‘HONOR CHOICE EARBUDS X5’,
Infosys accuses Cognizant of unethical poaching
Bengaluru, Dec 27 - Bengaluru-based tech giant Infosys has accused major rival tech company Cognizant of unethical poaching tactics and also sent an official letter in this regard, sources said on Wednesday.