Nifty likely to reach 26,820 in next 12 months: Report
Mumbai, Aug 30 – Nifty is likely to meet a 12-month target of 26,820, revised higher from earlier target of 26,398, market analysts said on Friday, amid high expectations for a festival season revival, supported by favourable monsoon conditions, and a strong infrastructure
Over 200 pc surge in property registrations among Mumbai’s elderly post-Covid
Mumbai, Aug 30 – The share of overall property registrations by buyers of aged 61 and above surged 204 per cent in Mumbai, increasing from 7,554 in 2020 to 15,276 in 2024, as elderly buyers sought better properties for a stable lifestyle, a
Sensex trades higher after opening at new all-time high
Mumbai, Aug 30 – Indian equity indices were trading higher after opening at a fresh record high on Friday, following positive cues from Asian peers. At 9:37 a.m., Sensex was up 221 points or 0.27 per cent at 82,355 and Nifty was up
E-commerce payments in India projected to cross $292 bn by 2028: Report
New Delhi, Aug 30 – Led by growing consumer preference for online shopping and strong internet penetration, India’s e-commerce market value is set to increase at a compound annual growth rate (CAGR) of 18.7 per cent, from $147.3 billion this year to $292.3
Moody’s ups India’s GDP growth forecast to 7.2 pc for 2024
New Delhi, Aug 29 – New York-based Moody’s Ratings on Thursday raised its forecast for India’s GDP growth for 2024 to 7.2 per cent from 6.8 per cent as projected earlier on the back of stronger private consumption driving up aggregate demand in
Indian tablet market surges over 128 pc in April-June: Report
New Delhi, Aug 29 – The Indian tablet market saw a shipment of 1.84 million units in the April-June period, up 128.8 per cent (year-over-year), a new report showed on Thursday. While the slate tablet market grew by 178.1 per cent YoY, the
EET Fuels appoints Adrian Curry as Chief Decarbonisation Officer
Stanlow (UK), Aug 29 – EET Fuels, the trading name of Essar Oil UK, has announced the appointment of Adrian Curry as its Chief Decarbonisation Officer effective September 2. Adrian will lead the development and implementation of EET Fuels’ energy transition strategy, with
Sensex, Nifty close at all-time high, Tata Motors and Bajaj Finance top gainers
Mumbai, Aug 29 – Indian equity indices closed at an all-time high on Thursday following a strong rally in the auto and IT stocks. During the trading hours, both Sensex and Nifty reached new all-time highs of 82,285 and 25,192 respectively. At closing,
Most Indian firms progressing to mid-level maturity stage on AI: Report
New Delhi, Aug 29 – Majority of Indian organisations are progressing to the mid-level maturity stage on artificial intelligence (AI), with defined strategies and initial implementation of select use cases while aiming to scale these solutions further, a Nasscom report showed on Thursday.
Online Passport Portal shut for 5 days for maintenance
New Delhi, Aug 29 – The online portal for passport applications will be shut for the next five days for a maintenance exercise, the government said on Thursday. No new appointments will be scheduled during this period and appointments booked earlier will be
India’s fintech sector revenues to reach $190 billion by 2030: Report
Mumbai, Aug 29 – The Indian fintech sector continues to remain resilient and its revenues are projected to reach $190 billion by 2030, contributing to more than 20 per cent of all banking revenues, a new report has said. The Indian fintech sector
India should become ‘Repair Factory’ of the world: Consumer Affairs Secretary
New Delhi, Aug 29 – In a bid to address the current challenges in the repair and reuse of mobile and electronic products, the government on Thursday said India should become the ‘Repair Factory of the World’, enhancing consumer experiences in reusing the
India now has 334 billionaires, Gautam Adani and Family at the top: Hurun list
Mumbai, Aug 29 – As China sees a continuous decline in its number of billionaires, India now has a record 334 billionaires — up 75 compared to last year — led by Gautam Adani and Family at the very top, according to the
Adani Enterprises to launch maiden Rs 800 crore retail bond issue on September 4
Ahmedabad, Aug 29 – Adani Enterprises Limited (AEL) on Thursday announced the launch of its maiden public non-convertible debenture (NCD) issue on September 4, with plans to raise up to Rs 800 crore. The offering will include up to 80,00,000 secured, listed and
PhonePe launches PG Bolt to revolutionise in-app payments for merchants
New Delhi, Aug 29 – PhonePe Payment Gateway on Thursday announced the launch of PhonePe PG Bolt — a groundbreaking solution that empowers merchants by offering the fastest in-app payment experience to customers with a 99 per cent success rate. PhonePe PG Bolt
Private US banks can embrace UPI for faster digital payments: Fed Reserve Governor
Mumbai, Aug 28 – As the Unified Payments Interface (UPI) goes global, the US private banks might explore connecting with India’s unique digital payments solution, Federal Reserve Governor Christopher Waller said here on Wednesday, adding that cross-border payment interlinking is one of the
Nifty hits all-time high as IT stocks lead the rally
Mumbai, Aug 28 – Indian frontline line indices extended gains in mid-session on Wednesday due to a rally in the IT stocks. Due to the uptrend, the National Stock Exchange (NSE) benchmark Nifty made a new all-time high of 25,114, previously it was
10 Years of PMJDY: NITI Aayog CEO recalls how scheme’s 4-year target was cut to five months
New Delhi, Aug 28 – The country is celebrating 10 years of Pradhan Mantri Jan Dhan Yojana (PMJDY), the world’s largest financial inclusion programme. Launched on August 28, 2014, by Prime Minister Narendra Modi, PMJDY was a bold financial inclusion initiative to ensure
18th ASEAN ministerial meet begins in Laos with focus on connectivity, resilience
Vientiane, Aug 28 – Secretary-General of ASEAN, Kao Kim Hourn, and the ASEAN Ministers responsible for combating transnational crime on Wednesday participated in the 18th ASEAN Ministerial Meeting on Transnational Crime in Vientiane, Laos, along with Timor-Leste as an Observer. The meeting themed
Sales turnover in Janmashtami festivities soars to Rs 25,000 crore
New Delhi, Aug 28 – The Janmashtami festival this year generated a business of more than Rs 25,000 crore, according to the traders’ body Confederation of All India Traders (CAIT). The high sales turnover reflects robust consumer spending in a growing economy which