Homegrown fintech startup ZestMoney to shut down

New Delhi (IANS) Homegrown digital EMI financing platform ZestMoney, backed by Goldman Sachs, is shutting down operations after several unsuccessful attempts to find a buyer, media reported on Wednesday.

ZestMoney was valued at $445 million…

Government, PSUs, Defence sector witness 14% upsurge in hiring: Report

New Delhi (IANS) The Government, PSU (Public Sector Undertakings), and Defence industries experienced a 14 per cent upsurge in hiring on a month-over-month (MoM) basis in the country, showing the maximum increase in job postings, a new report revealed…

Small & midcaps outperform Nifty in 2023

New Delhi (IANS) Mid and small caps outperformed largecaps and have risen 36 per cent and 46 per cent, respectively, versus the 11 per cent rise for the Nifty in calendar year 2023, as per a report by Motilal Oswal Financial Services.

Midcaps/Smallcaps…

Hiring in Indian IT services industry to remain muted over next 2-3 quarters

New Delhi (IANS) Hiring in the Indian IT services industry is expected to remain muted over the next two-three quarters amid slowdown in demand, with companies focusing on maintaining their profitability in the backdrop of lower revenue growth, a…

PSU stocks markets to fresh high after BJP wins Assembly polls

New Delhi (IANS) PSU stocks powered a monster rally of over 900 points on Monday to a fresh high after the BJP emerged victorious in the state Assembly polls in Madhya Pradesh, Rajasthan and Chhattisgarh.

BSE Sensex is up 928 points at 68,409…

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,…

'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…

FPIs may turn sellers at higher market levels

New Delhi (IANS) Since overall market valuations have reached high levels, FPIs may turn sellers at higher market levels, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

FPIs have reversed their selling strategy…

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…

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…