All sectoral indices in red as markets see sharp selloff ahead of GDP data

Mumbai (IANS) After a positive opening on Wednesday, Nifty soon entered into the negative territory dragged by profit booking in index heavyweights, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.

While…

India’s Q3FY24 GDP to grow 6.7% – 6.9%: SBI

Chennai (IANS) India’s Gross Domestic Product (GDP) should grow in the region of 6.7-6.9 per cent during the third quarter (Q3) of FY24, said a top economist with the State Bank of India (SBI).

In his latest report Dr. Soumya Kanti Ghosh, Group…

TCS likely to lead its peers in revenue growth: UBS

New Delhi, Feb 27 (IANS) TCS is likely to lead its peers in revenue growth by 100-150 bp along with improvement in margins in FY25, foreign brokerage UBS said in a report.

“We believe the market is not pricing this in, given a divided consensus…

India’s rural-urban income gap declines sharply amid fall in poverty level: SBI Report

New Delhi (IANS) Along with the sharp decline in poverty in India, there has also been a marked reduction in the rural-urban income divide in the country, according to an SBI Research analysis of a Consumer Expenditure Survey released on Tuesday.

94 pc of Indian firms plan to boost workers' skills, abilities this year: Report

New Delhi (IANS) About 94 per cent of Indian companies plan to enhance their employees' skills and abilities, and 53 per cent are looking to provide online training and development programmes in 2024, a new report said on Tuesday.

According…

India's poverty level has fallen below 5%: NITI Aayog CEO

New Delhi (IANS) The latest household consumer expenditure survey indicates that India's poverty level has fallen below 5 per cent and people are becoming more prosperous both in the rural and urban areas, NITI Aayog CEO B.V.R. Subrahmanyam said…

Aadhaar, Jan Dhan giving big push to digital India ecosystem: Instamojo's CEO

New Delhi (IANS) As the government rapidly adopts and moves forward in its digital journey, D2C (direct-to-consumer) tech company Instamojo's co-founder and CEO Sampad Swain on Sunday said that Aadhaar and Jan Dhan Yojana have given a big push…

Democratisation of commerce-driven technology in India stands out, says global investment firm KKR

New Delhi (IANS) India’s e-commerce industry will look quite different, and more democratised, than what has unfolded in both the United States and China, said Henry H. McVey, Head of Global Macro & Asset Allocation, CIO, KKR.

This is suggested,…

Log9, Trinity Cleantech partner to build EV charging network in India

New Delhi (IANS) EV charging provider Log9 and EV company Trinity Cleantech on Saturday joined forces to establish a seamless interoperable charging network in the country.

Trinity will provide 2,000 public charging stations that will be deployed…

Key Byju's shareholders vote to oust CEO, company calls resolutions 'invalid'

New Delhi (IANS) Key shareholders in Byju's like Prosus NV and Peak XV Partners on Friday voted to oust Byju Raveendran as CEO at the extraordinary general meeting (EGM), saying that the stakeholders "unanimously passed all resolutions put forward…