Huge investments by FPIs in 2023 at Rs 1.71 lakh crore

New Delhi (IANS) The year 2023 has witnessed huge investment by FPIs thanks to the sharp uptick in flows in December, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

FPI inflows which were negative in the previous…

Snapdeal logs Rs 388 cr revenue in FY23, reduces losses by 45%

New Delhi (IANS) E-commerce platform Snapdeal has registered Rs 388 crore in revenue in FY23, as it significantly reduced losses by 45 per cent to Rs 282 crore in the last financial year, as compared to Rs 510 crore in FY22.

The company has…

Fiscal deficit for April-Nov stands at Rs 9.07 lakh crore

New Delhi (IANS) India's fiscal deficit for the first eight months of the current financial year (April-November) stood at Rs 9.07 lakh crore, or 50.7 per cent of the annual estimate, according to government data released on Friday.

The…

Core sector industries post 7.8% growth in Nov

New Delhi (IANS) The eight core sector industries, which include coal, steel and electricity, posted a growth of 7.8 per cent in November compared to the same month last year, official data released on Friday showed.

Coal production increased…

Nifty ends 2023 higher by 20%

Mumbai (IANS) Nifty corrected after rising for five sessions on Friday, but closed the week higher by 1.79 per cent.

It closed the month higher by 7.9 per cent and the year higher by 20 per cent, said Deepak Jasani, Head of Retail Research…

India’s economy is on stable high growth path backed by stronger banks: RBI

Mumbai (IANS) Amidst a challenging global macroeconomic environment, the Indian economy is exhibiting “a quickening growth momentum,” with resilience and financial stability, according to the RBI’s Financial Stability report released on Thursday.

Tesla may set up EV plant in Gujarat, Musk likely to visit India next month

New Delhi (IANS) Elon Musk’s Tesla may finally end its dry run in India and announce to set up an Electric Vehicle (EV) supply system manufacturing plant in Gujarat during the ‘Vibrant Gujarat Global Summit’ next month. The announcement is likely…

India's coal output rises 12.3% to 664.37 mn tonnes in FY 2023-24

New Delhi (IANS) The country's coal production has shot up to 664.37 million tonnes (MT) during the current financial year (April 2023 to December 25) which is robust 12.29 per cent increase over the corresponding figure of 591.64 MT for the same…

Indians travel 64 mn kms in Uber EVs in 2023, Saturdays most popular

New Delhi (IANS) Indians travelled 64 million kms in Uber EVs through the year, spending a total of 3.9 million hours and helping build a greener future, the ride-hailing platform said on Wednesday.

Uber trips during the year covered a record…

IPO-bound FirstCry’s losses surge to Rs 486 cr in FY23, revenue at Rs 5,632 cr

New Delhi (IANS) Mother and child care e-commerce platform FirstCry, likely to file a draft paper for its IPO soon, reported Rs 5,632 crore revenue from operations in FY23, while its losses surged over six times to Rs 486 crore from Rs 79 crore in…