More foreign firms enlist to invest in India as infra projects fuel growth

New Delhi (IANS) More large foreign manufacturers of heavy machinery used in the infrastructure sector figure in the list of more than 15,000 companies that have registered to set up units in the country during June, according to data compiled by…

Total employment in MSMEs crosses 20.2 crore mark, up 66 pc

New Delhi (IANS) The total employment reported by the country’s micro, small and medium enterprises (MSMEs) has crossed the 20.2 crore mark, as per data from MSME Ministry’s Udyam registration portal.

The number of workers employed…

India sees 501 deals worth $21.4 bn in April-June quarter, political stability a booster

New Delhi (IANS) India saw 501 deals valued at $21.4 billion in the April-June period -- highest quarterly volumes since Q2 2022 -- as an anticipated policy clarity from the upcoming budget and political stability is expected to boost investor confidence…

Budget likely to see cut in fiscal deficit target to 4.9-5 pc on higher revenue receipts: ICRA

New Delhi (IANS) Credit rating agency ICRA estimates the Central government’s revenue receipts will witness an upward revision of Rs 1.2 lakh crore in the forthcoming Revised Budget for 2024-25 over the Interim Budget Estimate, while pegging a relatively…

Cement volumes to grow 7-8 pc in FY25, top 5 firms to solidify market share

New Delhi (IANS) Driven by the sustained healthy demand from the infrastructure and housing sectors, cement volumes in the country are projected to rise by a healthy 7-8 per cent (year-on-year) in the current fiscal (FY25), a report showed on Thursday. 

Sensex hits new all-time high on positive global cues

Mumbai (IANS) Indian equity benchmarks opened at a new record high on Thursday following positive cues from global peers. In early trading hours, Sensex and Nifty made a new all-time high of 80,374 and 24,400 respectively. 

At 9:50 a.m., Sensex…

Sensex closes above 80,000 for first time, Nifty at 24,302

Mumbai  (IANS) Indian equity indices closed with marginal gains on Thursday following a volatile session. Sensex and Nifty made a new all-time high of 80,392 and 24,401 respectively, but the markets were unable to hold onto the higher levels as the…

RBI shuts Banaras Merchantile Co-op Bank citing inadequate capital, earning prospects

Mumbai (IANS) The Reserve Bank of India (RBI) has cancelled the licence of Banaras Merchantile Co-operative Bank Limited, Varanasi.  

The Reserve Bank said the licence of the bank has been cancelled as it does not have adequate capital and…

Sensex crosses 80,000 for first time, banking stocks lead rally

Mumbai (IANS) Indian equity indices opened at record high on Wednesday following a rally in the banking stocks. Sensex and Nifty made a new all-time high of 80,039 and 24,292 respectively. 

The Broader market remains positive. On the National…

India records robust services sector growth in June, hiring at 2-year high: HSBC

New Delhi (IANS) Growth in India's services sector accelerated in June on the back of robust domestic demand and a record rise in export orders, according to an HSBC survey released on Wednesday.

The strong demand also led to service providers…