India adds 7.3 crore internet subscribers, 7.8 crore broadband users in 1 year
New Delhi, Aug 20 – India added 7.3 crore internet subscribers and 7.8 crore broadband subscribers in one year as the number of telephone subscribers reached 119.9 crore in the country, the Centre informed on Tuesday. Total number of internet subscribers increased from
Tata Group gears up for new iPhone assembly plant as Apple expands India footprint
New Delhi, Aug 20 – In a further boost to the ‘Make in India’ initiative, business conglomerate Tata Group is geared up for a new iPhone assembly plant in the country that is likely to become operational in the festive quarter of 2024.
Indian Railways launches hi-tech water level monitoring system for trains
Guwahati, Aug 20 – Indian Railways has launched an advanced ‘water level monitoring system’ for the comfort of train passengers with the first installation on the Brahmaputra Mail Express which will carry out trial runs. The innovative system represents a major advancement in
Zomato sees block deal worth Rs 5,438 crore for 21 crore shares
Mumbai, Aug 20 – Online food delivery platform Zomato saw a block deal on Tuesday where 21 crore shares (around 2.4 per cent equity) worth Rs 5,438.5 crore changed hands. The block deal, likely by Antfin Singapore, was executed at an average of
Indian medical student Anuj Pachhel handled tough tasks with Mac: Apple
New Delhi, Aug 19 Apple on Monday revealed three students majoring in STEM (science, technology, engineering and mathematics) fields, including recent graduate Anuj Pachhel from the Government Medical College in Nagpur, who made Mac and iPad their trusted companions on the campus. To
Local manufacturing to give Rs 25,000 cr annual opportunity for Indian MCE industry
New Delhi, Aug 20 – As the government prioritises the infrastructure investments, component localisation in the mining and construction equipment (MCE) industry could offer Rs 25,000 crore annual opportunity to construction equipment vendors by FY30, a report showed on Tuesday. Led by components
Sensex trades higher, TCS and Wipro lead gains
Mumbai, Aug 20 – Indian equity benchmarks opened in the green on Tuesday due to positive action in heavyweight tech stocks like TCS and Wipro. At 9:50 a.m., Sensex was 364 points or 0.44 per cent at 80,774 and Nifty was 108 points
Indian startups secure $395 million this week, a massive 350 pc jump
New Delhi, Aug 17 – Riding on overall economic growth, Indian startups raised more than $395 million in at least 20 deals this week, a massive about 350 per cent jump from $113 million secured last week in 22 deals. Hospitality and travel-tech
Going global: UAE merchants accept Rupee via UPI to attract Indian customers
New Delhi, Aug 17 – The government of India has been promoting UPI as a global payment platform. Now merchants in the United Arab Emirates (UAE) are accepting payments via UPI in Rupees to attract Indian customers. One of the biggest retail companies
IMF’s Gita Gopinath goes bullish on India’s economic growth
New Delhi, Aug 17 – After Prime Minister Narendra Modi, during his Independence Day address to the nation, said the country is on its way to become the third-largest economy with big reforms across sectors, Dr Gita Gopinath, Deputy Managing Director of the
Personal finance insights: Market sentiments, investment strategies & economic trends
By: YBB Personal Finance SENTIMENTSAAII Bull-Bear Spread +3% (below average)$NYA50R, NYSE %Above 50-dMA 51% (positive, barely)$SPXA50R, SP500 %Above 50-dMA 58% (positive)Delta MSI 56.9% (positive) ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 60.84%, Hybrids 4.50%, Bonds 17.84%, M-Mkt 16.82% INTEREST RATESCME FedWatchCycle peak 5.25-5.50%FOMC
Indonesia targets $25.2 billion in private sector investment for green hydrogen by 2060
Jakarta, Aug 16 – Indonesia aims to secure $25.2 billion in private sector investment for green hydrogen development by 2060, according to the Ministry of Industry. This initiative is designed to prevent an energy crisis in the industrial sector while also supporting carbon
Stable investment environment, FPIs pump around Rs 65,000 crore over 12 months
New Delhi, Aug 16 – Foreign Portfolio Investors (FPIs) invested Rs 64,824 crore in the last 12 months (August 2023 to August 2024-till now) in the Indian share market. According to depositories data, FPIs total investment was Rs 1,82,965 crore, and a total
Human error remains top cause behind rising IT hacking incidents: Report
New Delhi, Aug 16 – Human error remains a significant contributor as IT security incidents rise, with 15 per cent of respondents reporting frequent occurrences and an additional 35 per cent noting occasional lapses, a report said on Friday. The report by CIO&Leader,
Gold-loan NBFCs grow in India despite cash disbursement restriction: Report
New Delhi, Aug 16 – Non-banking financial companies (NBFCs) focusing on gold loans are expected to see reasonable growth in disbursements this fiscal as demand for credit remains strong, a report showed on Friday. A CRISIL Ratings analysis of gold-loan NBFCs found that
India’s apparel exports surge 11.85 pc driven by strong demand in US, Europe
New Delhi, Aug 16 – India’s apparel exports clocked a robust growth of 11.85 per cent in July on the back of strong demand in the US and European markets, according to data compiled by the Confederation of Indian Textile Industry (CITI). Apparel
Foxconn’s investments to help India become global manufacturing hub: Ashwini Vaishnaw
New Delhi, Aug 16 – The investment plans by Hon Hai Technology Group (known as Foxconn) will help India become a global manufacturing hub, Union Minister for Railways, Electronics and IT and I&B, Ashwini Vaishnaw, said on Friday. The Minister met Young Liu,
Nifty, Sensex rally on positive global cues
Mumbai, Aug 16 – Indian equity indices opened strong on Friday following positive global cues, including optimism around a potential rate cut by the US Federal Reserve next month. At 9:50 a.m., Sensex was up 608 points or 0.76 per cent at 79,714
India’s new rocket SSLV puts into orbit EOS-08 & a private satellite (Lead)
Sriharikota (Andhra Pradesh) Aug 16 – India, on Friday, successfully orbited two satellites with its new rocket – Small Satellite Launch Vehicle (SSLV). On its third and final developmental flight, the SSLV-D3 put into orbit an earth observation satellite-08 (EOS-08) weighing about 175.5
Hospitality major Oyo reports Rs 229 crore net profit in FY24
New Delhi, Aug 14 – Travel tech firm Oyo on Wednesday reported its first-ever profit after tax (PAT) of Rs 229 crore for FY24, as adjusted EBITDA grew by 215 per cent to reach Rs 877 crore, up from Rs 277 crore in