Indian Oil ropes in Panasonic for manufacturing cylindrical lithium-ion cells in India

New Delhi (IANS) Indian Oil Corporation Limited and Japan's Panasonic Energy Co. Ltd., a Panasonic Group company, have signed a binding term sheet to form a JV for manufacturing cylindrical lithium-ion cells in India for two-and three-wheel vehicles…

Small cap stocks surged 63 pc in FY24

New Delhi (IANS) FY24 marked a rewarding period for the Indian market. Large caps recorded a substantial 33 per cent return, midcaps surged by 56 per cent, and small caps excelled with an impressive 63 per cent, as indicated by the respective broad…

‘Resilience of Indian stock market forced foreign portfolio investors to turn buyers'

New Delhi (IANS) The resilience of the Indian stock market and the improving macros of the Indian economy forced the foreign portfolio investors (FPIs) to turn buyers in India, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Sales turnover of Government e-Marketplace doubles to Rs 4 lakh crore in 2023-24

New Delhi (IANS) The Government e-Marketplace (GeM) has closed the 2023-24 financial year with a Gross Merchandise Value (GMV) of a staggering Rs 4 lakh crore which is double that of the corresponding figure for the previous fiscal year (2022-23),…

Centre issues order on wheat stock declaration by traders to keep prices in check

New Delhi (IANS) In order to prevent hoarding and speculation by unscrupulous elements, the Central government on Friday announced that all retail and wholesale traders of wheat in the country will have to declare their stock position on the official…

Sensex surges more than 700 points led by gains in financial stocks

New Delhi (IANS) The BSE Sensex on Thursday was trading at 73,755 points, up by 758 points or 1.04 per cent, led by gains in the financial stocks.

The charge is being led by the Bajaj twins -- Bajaj Finserv and Bajaj Finance -- both up more…

HPCL, Tata Motors ink pact to set up EV charging stations

New Delhi (IANS) The electric mobility unit of Tata Motors Ltd and Hindustan Petroleum Corp on Wednesday signed a memorandum of understanding to set up EV charging stations across India.

The collaboration will leverage HPCL’s network of 21,500…

‘Flows have slowed down considerably in small and mid-cap funds’

New Delhi (IANS) Flows have slowed down considerably in small and mid-cap funds but other categories have seen an uptick in flows, Kotak Institutional Equities said.

“Our analysis of daily flows in March (up to 21st) across large categories…

India’s CAD declines to 1.2 pc of GDP in Oct-Dec quarter reflecting stronger economy

Mumbai (IANS) India’s Current Account Deficit (CAD) declined to $10.5 billion (1.2 per cent of GDP) in the October-December quarter (Q3) of 2023-24 from $16.8 billion (2.0 per cent of GDP) in the same quarter of 2022-23, according to official figures…

S&P Global ups India’s growth forecast for 2024-25

Mumbai (IANS) S&P Global Ratings on Tuesday raised India's growth forecast for 2024-25 by 0.4 per cent to 6.8 per cent on the back of strong domestic demand.

"For Asian emerging market (EM) economies, we generally project robust growth,…