COP28: 131 global cos call on world leaders to 'phase out' fossil fuels

New Delhi (IANS) About 131 global companies, representing nearly $1trillion in global annual revenue, have in a letter, ahead of the COP28, urged world leaders to address the primary cause of climate change: burning fossil fuels.

The letter…

IEA sees 10-fold leap in use of electric cars by 2030

New Delhi (IANS) The use of electric cars would increase by almost 10 times worldwide by 2030 and the share of renewables in the global electricity mix would increase to 50 per cent by 2030 from the current 30 per cent amid the shift to new clean…

India poised to surpass Japan to become world’s 3rd largest economy by 2030: S&P

New Delhi (IANS) India is likely to surpass Japan to become the world's third-largest economy with its GDP doubling to $7.3 trillion by 2030, according to the latest S&P Global Market Intelligence report.

“India's nominal GDP measured…

Small cap indices come under selling pressure

New Delhi (IANS) Small cap stocks which have been the outperformers of this year’s market rally came under selling pressure on Monday.

BSE Small Cap Index is one of the biggest losers in trade, down 2.4 per cent. In comparison, Sensex is down…

Relentless selling across the board pulls Nifty down by 260 pts

New Delhi (IANS) Pessimism persisted in the Indian bourses as the bears tightened their grip by breaching all the key Nifty support levels to end the session at 19,281.75 with a loss of 260.90 points, said Aditya Gaggar, Director at Progressive Shares.

'Suspicious' payout that exposed Rs 16,000 cr scam bigger than PNB con

Mumbai (IANS) It was one innocuous transaction among lakhs conducted daily, that was detected by a digital payments company and which finally helped blow the lid off a web of fraudulent transactions worth over Rs 16,180-crore – bigger than the Punjab…

Central banks' panel suggests safeguards for inflation, geopolitical churns

New Delhi (IANS) A high level central banks' panel has suggested that the key financial institutions need to rebalance their policy mix, rebuild policy buffers and develop safe macro-financial stability frameworks (MFSFs) for the future.

The…

Samsung leads India smartphone market in Q3 with 18% share

New Delhi (IANS) Samsung maintained its top position in the Indian smartphone market in the third quarter (Q3) with a market share of 18 per cent and a shipment of 7.9 million units, according to a new report.

Xiaomi advanced to the second…

Global spending on GenAI software, solutions to reach $143 bn in 2027

New Delhi (IANS) Global spending on generative AI (GenAI) software and solutions is expected to reach $143 billion in 2027 with a compound annual growth rate (CAGR) of 73.3 per cent, according to a new report.

This is more than twice the rate…

ICICI Bank logs Q2 PAT of Rs 10,261 crore

Mumbai (IANS) Private sector ICICI Bank on Saturday said it closed the second quarter of FY24 with an increased net profit of Rs 10,261 crore.

In a regulatory filing, it said that for the quarter ended September 30, it had earned a total interest…