TCS, Infosys lose the most in Mcap; RBI policy meet key next week

Mumbai (IANS) The market capitalisation (Mcap) of IT majors Tata Consultancy Services (TCS) and Infosys lost the most amid broad-based selloffs due to fear of recession in the global markets. 

The market capitalisation of eight of the top 10…

32 Indian startups raised record funding last week

New Delhi (IANS) In a robust funding week, at least 32 Indian startups secured more than $341 million in funding.

The Indian startup ecosystem saw six growth-stage funding deals and 22 early-stage deals last week.

Six startups raised…

India’s seafood exports have surged by 31 pc to Rs 61,044 crore: Minister

New Delhi (IANS) As a result of various efforts made by the government, India's seafood exports have increased from Rs 46,662.85 crore in 2019-20 to Rs 61,043.68 crore in 2023-24, registering a growth of 30.81 per cent, the Parliament was informed…

FPIs pump in Rs 54,727 crore as staller India

New Delhi (IANS) The foreign portfolio investors (FPIs) pumped in Rs 54,727 core in equity and debt in July as India's strong growth outlook for FY 2025.

An economic survey that was presented before the Union Budget this year projected…

Apple sets another quarterly revenue record in India: Tim Cook

New Delhi (IANS) Apple has once again set quarterly revenue record (April-June period) in India, riding on robust local manufacturing amid the government's push and growing export figures. 

Apple CEO Tim Cook said during the company’s Q3…

Improved monsoon leads to power demand moderation in India: Report

New Delhi (IANS) As monsoon coverage improves, power demand in India has moderated, especially in the southern regions, a report showed on Friday. 

Power demand is estimated to have risen 7 per cent (year-on-year) in July to 150 billion units…

EV registration up over 43 pc in FY24, Rs 17,896 crore invested: Centre

New Delhi (IANS) The number of electric vehicles (EVs) registered in FY24 increased significantly by 42.06 per cent as compared to FY23, the Parliament was told on Friday.  

In FY24, 16,81,127 EVs were registered on the e-Vahan portal, against…

Indian warehousing sector saw $1.6 bn investment in January-June period

New Delhi (IANS) The Indian warehousing sector received investments worth $1.6 billion in the January-June period, accounting for 42 per cent of the total institutional investment received in the real estate sector in the same timeframe, a report…

Historic day for Indian stock market, Nifty closes above 25,000 for first time

Mumbai (IANS) Indian frontline indices closed at a record high on Thursday due to positive sentiment in the market. 

At closing, Sensex ended at 81,867, up 126 points or 0.15 per cent and Nifty was up 59 points or 0.24 per cent at 25,010. It…

Customer service calls on hold resulted in 15 bn hours loss for Indians in 2023: Report

New Delhi (IANS) Customer service calls on hold resulted in a massive loss of 15 billion hours for Indians last year, resulting in likely $55 billion in economic loss output, a report revealed on Wednesday. An average person spends more than one day…