Budget: A little for all, but wait for a long haul

New Delhi: The week gone by was dramatic in more ways than one. Markets lost on the first four days of the week and extended losses for five consecutive days before a complete turnaround happened on Friday, which was the first day of the August futures…

Market Outlook: Q1 results, PMI data & Fed meeting key factors for next week

Mumbai (IANS) Indian equity indices witnessed a stellar rally last week. This is the eighth consecutive week when frontline indices posted gains as positive sentiment due to the robust budget which was presented on July 23. 

Nifty ended the…

ICICI Bank posts Rs 11,059 cr in net profit, infuses Rs 500 cr in home finance subsidiary

Mumbai (IANS) ICICI Bank on Saturday reported a 14.6 per cent increase in net profit to Rs 11,059 crore for the April-June quarter of the current financial year compared to the corresponding figure of Rs 9,648.2 crore in the same period last year.

India’s Digital Public Infrastructure goes global, says minister

New Delhi (IANS) India’s unique Digital Public Infrastructure (DPI), which has transformed millions of lives, is now being replicated in several countries, the Centre has informed. 

Aadhaar, which is the world’s largest digital identity programme…

iPhone exports from India touch new all-time high in April-June quarter

New Delhi (IANS) In yet another success story of India’s local manufacturing push, iPhone maker Apple has achieved record exports numbers in the April-June quarter in the country, reaching around $3.8 billion.  

Riding on the government’s production-linked…

India to triple installed nuclear power capacity by 2031-32: Union Minister

New Delhi (IANS) As India aims to achieve Net Zero target by 2070, the country’s installed nuclear power capacity is projected to nearly triple by 2031-32, Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh,…

India's business activity surges to 3-month high in July

New Delhi (IANS) India's business activity accelerated to a three-month high in July as the services sector surged and manufacturing picked up momentum leading to companies hiring at the fastest pace in 18 years, according to the latest HSBC's…

PLI booster: 32 firms invest Rs 8,282 crore for large-scale electronics manufacturing

New Delhi (IANS) In a fillip to local manufacturing, 32 companies have invested Rs 8,282 crore under the production-linked incentive (PLI) scheme for large-scale electronics manufacturing till June 30, the Parliament was informed on Wednesday.  

India rises in global passport index, allows visa-free access to 58 nations

New Delhi (IANS) India has been ranked at 82nd spot on a global passport index, allowing Indians visa-free entry to 58 countries, including popular destinations like Indonesia, Malaysia and Thailand. 

According to the latest ranking by the…

Union Budget: Indian startup ecosystem hails angel tax abolition

New Delhi (IANS) The Indian startup ecosystem on Tuesday hailed the Union Budget 2024 for abolishing angel tax -- the tax imposed on funds raised by startups from angel investors -- for all classes of financiers. 

Union Finance Minister Nirmala…