'India as big gold buyer can play key role in world economic order'

New Delhi (IANS) India as the second-largest buyer of gold in the world can play a crucial role in the global economic order as central banks are still buying the precious metal in large quantities, Alok Kumar Choudhary, Managing Director, State Bank…

Uno Minda building land banks in TN, Pune and North India

Chennai (IANS) In order to set up additional capacities to meet the future demand, automotive ancillaries major Uno Minda Ltd is building land banks in different states, said a top company official.

The company has decided to go proactive,…

Market momentum pushes Sensex above 67K

New Delhi (IANS) The market momentum which pushed the Nifty up by 6 per cent in November is likely to be sustained since the incoming data and news are positive, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

SAIC Motor, JSW Group announce joint venture

New Delhi (IANS) SAIC Motor and the JSW Group on Thursday announced a strategic joint venture.

SAIC Motor is a global fortune 500 company with annual revenues of around US$ 110 billion and has a presence in over 100 countries while the JSW…

Nifty hits all-time high on strong GDP estimates

New Delhi (IANS) Nifty reached historic highs on Friday, with the mid-small cap segment also on the rise, fuelled by faster-than-expected economic growth in the September quarter and increased optimism regarding the global interest rate outlook, Shrey…

With India’s market cap to GDP ratio climbing to 1.2, valuations getting stretched

New Delhi (IANS) With India’s market cap touching $4 trillion and the market cap GDP ratio climbing to 1.2, valuations are getting stretched, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. But in the short run, the…

Analysts sound alarm as 'lot of gambling happening in low grade stocks'

New Delhi (IANS) There is a lot of gambling happening in the market now in low grade stocks and these should be avoided, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Investors should take cues from the wisdom…

Swiggy's food delivery sales up 17% to $1.43 bn in 1st half of FY24: Prosus

New Delhi (IANS) Online food delivery platform Swiggy's investor Prosus, in its financial filing, stated that Swiggy’s core food-delivery business grew 17 per cent and delivered gross merchandise value (GMV) of $1.43 billion in the first half…

Cabinet approves terms of reference for 16th Finance Commission

New Delhi (IANS) The Union Cabinet has approved the terms of reference for the 16th Finance Commission which include the distribution of taxes between the Centre and states.

According to an official statement issued on Wednesday, the terms…

BSE market cap hits $4 trillion-mark

Mumbai (IANS) The BSE market cap's ascent to the $4 trillion-mark signals the start of a fresh momentum in the stock market, Satish Menon, Executive Director at Geojit Financial Services, said on Wednesday.

The stock market is rallying…