PM Modi 3.0 to further bolster $300 bn electronics manufacturing goal: Industry body

New Delhi (IANS) The industry and the government are working to scale electronics manufacturing in India towards meeting the $300 billion goal in the next few years and Prime Minister Narendra Modi 3.0 will cement this vision in the next five years,…

Byju's rights issue to raise $200 mn fully subscribed

New Delhi (IANS) Edtech firm Byju's rights issue to raise $200 million at a 99 per cent valuation cut has been fully subscribed.

In a shareholders' letter accessed by IANS, founder and CEO Byju Raveendran said that this $200 million…

Amazon plans to launch low-priced fashion vertical 'Bazaar' in India

New Delhi (IANS) E-commerce giant Amazon is set to launch a low-priced fashion and lifestyle vertical called 'Bazaar' in India.

According to a communication the company has sent to its partners, the new vertical Bazaar is a special…

India's IPO tally hit a six-year high in 2023

New Delhi (IANS) In total, 243 companies were listed on Indian bourses in the year ended December 31, 2023, the highest annual tally in at least six years, according to S&P Global Market Intelligence data.

The aggregate transaction value of…

RBI bulletin pegs India’s GDP growth in Q4 at 7%, corporate investments likely to surge

Mumbai (IANS) The RBI’s monthly bulletin released on Tuesday expects a fresh round of capital expenditure by the corporate sector to fuel the next leg of growth in the Indian economy and has pegged the GDP growth rate at 7 per cent for the fourth…

Nifty at all-time high

New Delhi (IANS) Nifty 50 reached an all-time high of 22,171 largely propelled by the performance of financial and energy stocks, says Shailesh Saraf, smallcase Manager and Founder Value Stocks.

Following the recent decline in the Indian Public…

Nifty closes at all-time high, up for fifth straight session

Mumbai (IANS) Nifty ended higher for the fifth straight session on Monday after hitting an all-time high on the intra-day charts, said Deepak Jasani, Head of Retail Research at HDFC Securities.

At close, Nifty was up 0.37 per cent or 81.6 points…

Financial savings by Indian households shift away from bank deposits to capital markets

New Delhi (IANS) Financial savings by Indian households have shifted away from the conventional bank (including non-bank) deposits to capital markets, BofA Securities said in a report.

The former accounted for 39 per cent of total financial…

India's fresh fruit exports surge 29%, footprint spreads to 111 countries

New Delhi (IANS) Fresh fruits have emerged as a standout performer in India's agri export basket with a robust growth of 29 per cent in the nine-month period from April to Dec 2023, according to the latest data compiled by the Agricultural and…

India's wearable market rises 34% in 2023 to 134mn units: Report

New Delhi (IANS) India's wearable device market registered 34 per cent growth in 2023 to a record 134.2 million units, a new report said on Friday.

According to the International Data Corporation (IDC), the fourth quarter (Q4) of 2023 (October-December)…