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.…

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…

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…

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…

Tata Power, Indian Oil ink pact to set up 500 charging points for EVs

New Delhi (IANS) Tata Power and Indian Oil Corporation Limited (IOCL) have signed a Memorandum of Understanding (MoU) to roll out over 500 electric vehicle (EV) charging points at the oil marketing company's petrol pumps across the country.

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…

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.

Nifty could see correction in Dec second half when FPIs go on vacation

New Delhi (IANS) Nifty could remain buoyant aided by resumption of FPI flows, however, the second half of December could see some correction/consolidation as FPIs go away on year-end holidays, HDFC Securities said in a report.

At higher levels,…

Startup funding: India slips to 4th spot in global ranking after dismal 2023

New Delhi (IANS) Making a dent in India’s startup growth story, the country slipped to fourth position in the global ranking among the highest-funded geographies in 2023, as it recorded lowest funding in five years.

After grabbing the third…

Govt to make GIFT City global hub of new age finance & tech services: PM Modi

New Delhi,(IANS) Prime Minister Narendra Modi on Saturday said the government wants to take GIFT IFSCA beyond traditional finance and ventures and make it the global nerve centre of new age global financial and technology services.

Addressing…