Markets at uncomfortable levels – Book profits

New Delhi (IANS) It was an action-packed week, with markets volatile but range-bound for the first four days. On Friday, it appeared that markets had taken steroids and gained sharply, making new highs on an intraday basis as well as a closing basis.…

India’s defence exports record over 30-fold quantum leap in last 10 years

New Delhi (IANS) India’s defence exports have recorded a 30-fold quantum leap over the last 10 years from a mere Rs 686 crore in the financial year 2013-14 to a record Rs 21,083 crore in FY 2023-24, reflecting the global acceptability of Indian defence…

Mutual funds raise Rs 14,370 crore via new fund offers in June

Mumbai (IANS) Mutual fund industry witnessed strong inflow via new fund offers (NFOs) in June as 11 NFOs of different fund houses collected Rs 14,370 crore last month.  

It is the highest-ever inflow in new offerings. The previous high was…

Markets at new all-time high, Nifty trades above 24,500 for first time

Mumbai (IANS) India equity benchmarks are trading at record highs on Friday following buying in the IT stocks. 

Sensex and Nifty both made new all-time highs of 80,893 and 24,592 respectively.

At 12.50 a.m., Sensex was at 80,482, up…

Sensex trades higher on positive global cues

Mumbai (IANS) Indian equity benchmarks opened in the green on Friday following positive global cues. 

At 9:50 a.m., Sensex was up 282 points or 0.35 per cent at 80,180 and Nifty 50 was up 104 points or 0.43 per cent at 24,420.

Buying…

TCS posts 9 pc jump in Q1, net profit at Rs 12,040 crore

Mumbai (IANS) Leading IT software services exporter Tata Consultancy Services (TCS) posted a net profit of Rs 12,040 crore for the April-June quarter of the current financial year (2024-25) which represents a 9 per cent increase over the same quarter…

Adani Group's Vizhinjam Port receives first mothership, puts India in world league

Thiruvananthapuram (IANS) Adani Group's Vizhinjam Port, India's first trans-shipment port near Kovalam Beach in Kerala, received its first mothership on Thursday. 

'San Fernando', a vessel of the world’s second-largest shipping…

PLI booster: Telecom equipment manufacturing sales cross Rs 50,000 crore

New Delhi (IANS) The telecom equipment manufacturing sales have crossed Rs 50,000 crore under the production-linked incentive (PLI) scheme, creating more than 17,800 direct jobs and many more indirect jobs, the government said on Wednesday. 

Within…

India to see 13-14 pc growth in warehousing logistics supply in FY25: Report

New Delhi (IANS) As the government focusses on making India a global manufacturing hub, industrial and warehouse logistics supply is projected to grow by 13-14 per cent year-on-year (YoY) in FY25 to nearly 424 million square feet (sq ft), a report…

Indian economy among the few where investment rates rose between 2015-2023: Report

New Delhi (IANS) The Indian economy is among the few in the region where investment rates rose between 2015 and 2023, a report showed on Monday. 

The broad narrative around the pick-up in the investment upcycle is that it is driven mostly by…