Rupee edges up against US dollar

Mumbai (IANS) The rupee edged up by 2 paise vis-a-vis the US dollar to close at 83.01 on Thursday, making it the seventh consecutive day of gain for the Indian currency.

Lower crude oil prices in the global market and sustained buying of equity…

Caution advised on mid & small cap stocks in the near term

New Delhi (IANS) Mid-and-small caps have seen a strong rally in the year gone by that has pushed the valuations above historical average thereby warranting caution in the near-term, Aditya Birla Sun Life AMC said in a report.

The fund house…

HDFC Bank led market capitalization gains among major Indian banks in Q4

New Delhi (IANS) HDFC Bank led market capitalization gains among major Indian banks in the quarter ended December 31, 2023, according to S&P Global Market Intelligence data.

HDFC Bank's market cap increased 12.1 per cent to $155.91 billion,…

India needs to lower tariffs on smartphone components to pip China, Vietnam: ICEA

New Delhi (IANS) High tariffs on smartphone components can make India a less competitive destination, making it difficult for companies to join global value chains (GVCs) and simultaneously discourage GVCs from shifting large-scale production to the…

Defence, Railways stocks have run up too much too fast, say analysts

New Delhi (IANS) The market is moving up and down without a directional trend. Up moves are countered with selling and down moves are responding by buying. A trend might emerge in the coming days in response to Q3 results, says V.K. Vijayakumar, Chief…

Wings India to be held at Hyderabad’s Begumpet Airport from Jan 18

Hyderabad (IANS) India’s biggest civil aviation event, Wings India 2024, will be held at the Begumpet Airport here from January 18 to 21.

The four-day biennial event is being organised jointly by the Ministry of Civil Aviation (MOCA) and Federation…

Uber India made Rs 679 cr from rides in FY23, losses up over 57%

New Delhi (IANS) Ride-hailing major Uber’s losses went up more than 57 per cent in India to Rs 311 crore in the fiscal year (FY) 2023 from Rs 197 crore in FY22.

Uber India registered a 54.4 per cent increase in its revenue at Rs 2,600 crore…

Tata 1mg & Vitonnix UK enter exclusive partnership in India

New Delhi (IANS) Tata 1mg, India's trusted digital healthcare platform, has joined forces with Vitonnix UK, a leading name in health and wellness innovation, to bring forth a first-of-its-kind offering in India.

Jointly, they recently introduced…

Rs 10 lakh cr taking mutual funds AUM from Rs 40 lakh cr to Rs 50 lakh cr amassed in just over a year

New Delhi (IANS) In a significant testimony to the robust growth and resilience of the Indian mutual fund industry, the Association of Mutual Funds in India (AMFI) announced surpassing Rs 50 lakh crore of assets undermManagement (AUM), a remarkable…

Sony planning to call off the merger pact with Zee

New Delhi (IANS) Sony Group Corp is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises, capping two years of drama and delay in creating a $10 billion media giant, said people familiar with the matter, as per…