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India set to become third-largest economy by FY30-31: S&P Global

India set to become third-largest economy by FY30-31: S&P Global

19-09-2024  comments

Mumbai (IANS) India is on track to become the third-largest economy by fiscal 2030-31, driven by a robust projected annual growth rate of 6.7 per cent, a report by S&P Global projected on Thursday.  

The country has emerged as the fastest-growing…

Pre-orders for 'made in India' iPhone 16 surges, set to break export records

Pre-orders for 'made in India' iPhone 16 surges, set to break export records

19-09-2024  comments

New Delhi (IANS) Apple has seen a surge in pre-orders for its ‘Make in India’ iPhone 16 in the country, as the company gears up to make its latest iPhone line-up available on September 20, trade analysts said on Thursday, adding that the new devices…

Nazara raises Rs 900 crore, ups stake in Absolute Sports to 91 pc

Nazara raises Rs 900 crore, ups stake in Absolute Sports to 91 pc

18-09-2024  comments

Mumbai (IANS) Homegrown gaming and sports media company Nazara Technologies on Wednesday said it has raised Rs 900 crore as preferential equity issue to boost its growth trajectory. 

The capital infusion will fuel strategic acquisitions, fund…

IPO market boom: India held highest share globally in first half of 2024

IPO market boom: India held highest share globally in first half of 2024

18-09-2024  comments

New Delhi (IANS) India's equity market witnessed the highest Initial Public Offerings (IPO) globally due to strong domestic inflow in the market, according to a report.  

Wealth management firm Angel One Wealth said, "In the first half…

Softening of WPI inflation to cut production costs, demand surge for consumption

Softening of WPI inflation to cut production costs, demand surge for consumption

17-09-2024  comments

New Delhi (IANS) The softening of wholesale price index (WPI) inflation in August on the back of decline in prices of food articles, especially vegetables and milk is encouraging, which will lead to reduction in production costs and increase in demand…

Sensex closes above 83,000; Bharti Airtel, NTPC top gainers

Sensex closes above 83,000; Bharti Airtel, NTPC top gainers

17-09-2024  comments

Mumbai (IANS) Indian equity indices closed with marginal gains as market investors shifted their focus to the US Federal Open Market Committee's policy meeting, starting later in the day on Tuesday. 

At closing, the Sensex was up 90 points…

Mercedes-Benz to Jaguar Land Rover, India manufacturing in top gear

Mercedes-Benz to Jaguar Land Rover, India manufacturing in top gear

17-09-2024  comments

New Delhi (IANS) As the market for luxury cars and top-notch electric vehicles (EVs) ramp up in India amid friendly government policies and shifting 'generational mindset’, more and more global automakers are lining up to manufacture/assemble…

Sponge iron production clocks 8 pc growth in India, set to rise above 75 MT by FY30

Sponge iron production clocks 8 pc growth in India, set to rise above 75 MT by FY30

16-09-2024  comments

New Delhi (IANS) The production of direct reduced iron (DRI), also known as sponge iron, registered a compound annual growth rate (CAGR) of 8 per cent in India to 51.5 metric tonnes (MT) in fiscal 2024 from 34.7 MT in fiscal 2019, outpacing the 5…

Sensex trades at all-time high, PSU bank and metal stocks lead

Sensex trades at all-time high, PSU bank and metal stocks lead

16-09-2024  comments

Mumbai (IANS) Indian equity indices opened with gains on Monday, tracking American markets as investors expect a rate cut by the US Fed that further boosts market sentiment. At 9:44 a.m., Sensex was up 258 points or 0.31 per cent at 83,149 and Nifty…

Festival mood in markets with liquidity driving uptrend

Festival mood in markets with liquidity driving uptrend

15-09-2024  comments

New Delhi (IANS) In the last three to four weeks, one finds that a single day’s movement, whether upward or downward, makes the trend or direction of the whole week. In the previous week, it was the movement on Thursday (Sep 12) while in the week…

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