India electronics component manufacturing to hit $240 bn by 2030, create 2.8 lakh jobs by 2026

New Delhi (IANS) As the government doubles down on making India a global manufacturing hub, the demand for electronics components and sub-assemblies is likely to scale to $240 billion by 2030, paving the way for $500 billion worth of electronics production…

Market Outlook: Monsoon, Budget & US GDP data key factors to watch this week

Mumbai (IANS) The outlook of the Indian markets will be guided by monsoon updates, any upcoming budget-related announcements, marco cues, and global factors like US GDP data this week.

Last week, Sensex and Nifty both posted minor gains of…

FMCG sales growth in rural areas to outstrip urban markets: Report

New Delhi (IANS) Rural India has bounced back as a buyer of fast-moving consumer goods (FMCG) such as soaps and soft drinks and sales of these goods are expected to expand at a faster pace than urban areas in the second quarter of 2024, according…

Sensex jumps over 1,200 points as India VIX crashes 27 pc

New Delhi (IANS) Indian equity indices were in the green on Wednesday as India VIX crashed 27 per cent. 

At noon, Sensex was up 1,281 points or 1.75 per cent, at 73,360, with an intraday high of 73,851. Nifty was up 392 points or 1.79 per cent…

FM Nirmala Sitharaman holds pre-Budget meeting with finance ministers of states

New Delhi (IANS) Union Minister for Finance Nirmala Sitharaman chaired pre-Budget consultations with the Finance Ministers of states and Union Territories to take their views on board for the upcoming Union Budget 2024-25 here on Saturday. 

The…

GST Council waives interest, penalty on notices to taxpayers under Section 73

New Delhi, (IANS) As part of several taxpayer-friendly decisions, the GST Council on Saturday recommended the waiving of interest and penalty in cases of tax demand notices that have been sent under Section 73, of the GST Act, Finance Minister Nirmala…

Indian jewellery sector revenue shoots up by over Rs 1 lakh crore in 5 years: Report

Mumbai (IANS) India's jewellery retail sector has recorded rapid growth in the last five years surging from Rs 5,04, 400 crore in 2019 to 6,40,000 crore in 2024 on the back of rising incomes in the economy and greater trust in the products due…

Ola Electric gets SEBI's nod for Rs 5,500 crore IPO

New Delhi (IANS) Bhavish Aggarwal-led Ola Electric has received the go-ahead from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). 

This move marks the first IPO by an electric vehicle (EV) startup in…

Sensex jumps 141 points, Nifty closes above 23,550

Mumbai (IANS) India's benchmark indices closed in the green on Thursday following a rally in metal and banking stocks. 

At closing, Sensex settled at 77,478, up 141 points or 0.18 per cent, and Nifty was up 51 points or 0.22 per cent, at…

Global funds bullish on debt market, over Rs 83,000 crore invested since Sept

New Delhi (IANS) Global funds remained bullish on the Indian debt market as nearly Rs 83,360 crore ($10 billion) has been invested in Indian bonds since September 2023. 

The market witnesses foreign inflow into India's debt market ahead…