Sensex crosses 71k led by IT stocks

New Delhi (IANS) BSE Sensex crossed the 71,000 points mark on Friday led by heavyweight IT stocks.

BSE Sensex was up 559 points at 71,108 points

The biggest gainer in the Sensex are IT stocks with HCL Tech up by 5 per cent, Infosys up…

Adani seals deal to sell 49% stake in Ennore terminal to global shipping gian

Mumbai (IANS) Billionaire Gautam Adani-led Adani Ports on Friday said it will sell a 49 per cent stake in its Ennore Container Terminal near Chennai to Terminal Investment, an arm of the global shipping giant Mediterranean Shipping Company for about…

India's trade deficit declines in November as imports dip

New Delhi (IANS) India’s merchandise trade deficit declined to $20.58 billion in November, primarily driven by a fall in imports of gold and oil, according to government data released on Friday.

The exports, however, fell less sharply by 2.8…

Sensex zooms past 70k after US Fed's dovish message

New Delhi (IANS) The clear dovish message from the US Federal Reserve has set the stage for a smart Santa Claus rally in the coming days, and this can even trigger a pre-election rally that can take the markets to a series of new highs, says V.K.…

India’s logistics costs drop to 8.9% of GDP due to better infra

New Delhi (IANS) India's logistics costs have fallen to 8.9 per cent of gross domestic product (GDP), as better infrastructure created by higher government expenditure on highways, ports and digitisation has speeded up the movement of cargo, according…

63% of Indian firms to invest in automation, genAI in 2024: Report

New Delhi (IANS) About 63 per cent of Indian enterprises are proactively directing investments towards Artificial Intelligence (AI) and Machine Learning (ML) for the automation of their business processes in the forthcoming 12 months, witnessing 85…

India’s DPI empowers 97% of population, expands beyond Aadhaar, UPI: Report

Bengaluru (IANS) India’s current digital public infrastructure (DPI) landscape has provided 97 per cent of the population with a digital ID, facilitated direct benefit transfer (DBT) to the effect of 900 million beneficiaries till date and has even…

Adani Ports to raise Rs 5,000 crore via non-convertible debentures

Mumbai (IANS) Adani Ports and Special Economic Zone said on Tuesday that it will raise Rs 5000 crore by issuing non-convertible debentures and another Rs 250 crore through redeemable preference shares.

The Gautam Adani-led company said most…

Hiring for blue-collar workforce in India up 7.4% in 2023

New Delhi (IANS) The blue-collar workforce in India saw a rise of 7.4 per cent in hiring in 2023 and logistics, construction and real estate, tourism and hospitality emerged as the top sectors for top job opportunities, a report showed on Monday.

Sensex smashes past historic 70,000 mark in morning trade

Mumbai (IANS) The Sensex smashed past the 70,000 mark for the fast time ever to scale a historic high, while the Nifty 50 zoomed to a record 21,019.80 points in morning trade on Monday.

Both the indexes then lost part of their gains as pharma…