Indian stock market opens in red; selling seen in PSU bank, pharma sectors

Mumbai (IANS) The Indian stock market opened in red for the second consecutive day on Wednesday as selling was seen in PSU bank and pharma sectors in early trade.

Sensex was trading at 80,057.15 after falling 311.88 points or 0.39 per cent.…

Tata, JSW groups to invest over $30 billion in EV sector amid govt’s push: Report

New Delhi (IANS) The Indian government continues to push for higher EV production in the country and for greater localisation of supply chains, which will be key to help the country reach the target of 30 per cent EV penetration by 2030, according…

Adani Power logs 20 pc growth in continuing revenue at Rs 28,517 cr in H1 FY25

Ahmedabad (IANS) Adani Power on Monday reported 20 per cent growth (year-on-year) in continuing revenue at Rs 28,517 crore in the first half of this fiscal (HI FY25) and 10.8 per cent growth to Rs 13,465 crore in Q2 FY25. 

Continuing profit…

Indian real estate developers secure Rs 12,801 crore via QIP route in Jan-Sep period

Mumbai (IANS) Real estate developers in India raised Rs 12,801 crore via qualified institutional placements (QIPs) in the first nine months this year, which is over 17 per cent of the total QIP issuance across sectors at Rs 75,923 crore, a report…

India’s focus on expanding manufacturing sector key to create more formal, quality jobs

 New Delhi (IANS) India will need more formal and quality jobs to ensure better income distribution as it becomes a $5 trillion economy in the medium term and advances toward its long-term goal of embodying Viksit Bharat or a fully developed nation…

FPI selling in equity crosses Rs 1 lakh crore, Indian market remains resilient

Mumbai (IANS) The cumulative foreign portfolio investor (FPI) selling in equity through the Indian stock exchanges stood at Rs 102,931 crore (till October 24), as the market remained resilient.

Last week, FPIs pulled out Rs 20,024 crore from…

ICICI Bank clocks 14.5 pc net profit growth at Rs 11,746 crore in Q2 FY25

Mumbai (IANS) ICICI Bank on Saturday reported a 14.5 per cent growth in net profit at Rs 11,746 crore (year-on-year) in Q2 FY25, from Rs 10,261 crore in the year-ago quarter.  

The private sector lender’s net interest income (NII) increased…

Broadband users in India reach 949.21 mn in August, 14.66 mn opt for number portability

New Delhi (IANS) The total number of broadband subscribers in India increased from 946.19 million in July to 949.21 million at the end of August, a monthly growth rate of 0.32 per cent, according to the government data on Saturday. 

Total wireless…

India’s manufacturing industry regains growth momentum, hiring up in services sector

New Delhi (IANS) India’s manufacturing industry regained growth momentum in October and the acceleration was supported by quicker increases in factory production and services activity, according to a new report. 

India’s private sector economy…

YouTube Shopping expanded in India to empower creators, viewers

New Delhi (IANS) Google-owned YouTube on Friday announced to expand YouTube Shopping in India, offering new opportunities for creators to diversify their earnings and for viewers to discover products from their favourite channels. 

The YouTube…