Political stability, aggressive retail buying force FPIs to turn buyers in India

Mumbai (IANS) Political stability and sharp rebound in markets aided by aggressive retail buying have forced the foreign portfolio investors (FPIs) to turn buyers in India, market watchers said on Saturday. 

FPIs have invested Rs 26,565 crore…

India is now world’s 3rd largest domestic aviation market, next to US & China

New Delhi (IANS) India has now become the world’s third-largest domestic aviation market after the U.S. and China, as airlines such as IndiGo and Air India have expanded their fleet size to cater to the surge in air passengers, according to data compiled…

NSE warns investors against individuals promising assured returns in stock market

New Delhi (IANS) The National Stock Exchange (NSE) issued an advisory on Friday, cautioning investors of certain individuals promising assured returns on investment in the stock market. 

The exchange said in a statement that investors are cautioned…

India likely to see 5 times rise in data centre capacity expansion: Report

New Delhi (IANS) Driven by steep data usage and digital adoption, India is likely to see a five times rise in data centre capacity expansion in years to come, a new report said on Thursday.

The country requires an additional 1.7-3.6 GW (gigawatt)…

Nifty hits 24,000 for the first time, Sensex at record high

Mumbai (IANS) Indian frontline indices again touched an all-time high on Thursday as strong buying was seen in IT stocks. 

Sensex and Nifty made an all-time high of 79,240 and 24,036 respectively. This is the first time that Nifty crossed the…

Nifty surpasses 24,000 for 1st time, Sensex goes past 79,000 after sharp bull run

Mumbai (IANS) Buoyed by strong buying once again, Sensex and Nifty surpassed the 79,000 and 24,000 levels, respectively, for the first time on Thursday. 

Sensex gained 568 points to close at 79,243 while Nifty reached 24,044, after gaining…

India’s FMCG sector poised to clock 7 to 9 pc growth rate in 2024: Report

New Delhi (IANS): India’s FMCG (fast-moving consumer goods) sector is expected to post a growth rate of 7-9 per cent in 2024 on the back of government initiatives to stimulate consumption and create more jobs, according to a report.

"Looking…

Australia inks $18 million pact with ISRO's commercial arm

New Delhi (IANS) The Australian government on Wednesday entered into an $18 million memorandum of understanding (MoU) with NewSpace India Limited (NSIL), the commercial arm of the Indian Space Research Organisation (ISRO).

Under the partnership,…

Flipkart rolling out own payments app 'Super.money'

New Delhi (IANS) E-commerce giant Flipkart has started rolling out its own payments app Super.money, in a fintech push, over a year and a half after separating from PhonePe. 

Now live in beta on the Play Store, the new app allows users to make…

Centre begins auction for telecom spectrum worth Rs 96,238 crore

New Delhi (IANS) The Centre on Tuesday announced it has begun the auction of spectrum worth Rs 96,238.45 crore for telecom services.

The total quantum of spectrum being auctioned is 10,522.35 MHz in various bands, valuing Rs 96,238.45 crore…