Bajaj Finserv, Bajaj Finance top gainers of Nifty after fundraise plan

New Delhi (IANS) Shares of Bajaj Finserv and Bajaj Finance were among the top two gainers in Nifty 50 on Friday's session following the Bajaj Finance board's approval of a Rs 10,000 crore fundraising plan, said Vaibhav Vidwani, Research Analyst…

Indian gaming platform WinZO enters Brazil amid 400% GST hike

New Delhi (IANS) Homegrown vernacular social gaming platform WinZO on Thursday announced the launch of its app in Brazil, as gaming companies in the country feel threatened by a massive 400 per cent hike in GST.

WinZO will invest $25 million…

India’s services sector growth surges to 13-yr high in Sep: S&P survey

New Delhi (IANS) India’s services sector grew at a robust pace in September, as a positive demand environment boosted intakes of new business and output volumes, according to the S&P Global survey released on Thursday.

The seasonally adjusted…

GST Council likely to levy 18% tax rate on corporate guarantees for loans

New Delhi (IANS) The GST Council is likely to introduce an 18 per cent tax rate on corporate guarantees extended by parent companies to their subsidiary firms for getting loans from banks, according to reliable sources.

The issue was taken…

Ola, Okinawa continue to lose electric 2-wheeler market share: Report

New Delhi (IANS) Electric two-wheeler (E2W) sales volume rose 20 per cent (year-on-year) and 2 per cent (on-month) in September this year and despite leading the segment by volume, Ola Electric (Ola) continued to lose market share (month-on-month),…

Inclusion of Indian bonds in JPMorgan's emerging market index to attract inflows worth $23 billion, says Sitharaman

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Thursday said that the inclusion of Indian bonds in JPMorgan's emerging market debt index could attract inflows worth $23 billion in the country.

Addressing the annual day function…

OpenAI’s Sam Altman invests in Indian-origin teenagers’ AI startup

San Francisco (IANS) ChatGPT developer OpenAI’s CEO Sam Altman has invested in an artificial intelligence (AI) startup, founded by two Indian-origin teenagers Aryan Sharma and Ayush Pathak in the Silicon Valley in the US.

The startup Induced…

Export-led Indian automotive industry could reach $1 tn by 2035

Mumbai (IANS) Enabled by manufacturing, innovation and technology leadership, India has the potential to become a $1 trillion export-led automotive industry by 2035, a new report showed on Wednesday.

It has the potential to unlock $400 billion…

Exposure of banks’ mutual funds to NBFCs increased in August: CARE Ratings

Chennai (IANS) The credit and debt exposure of banks and mutual funds to non-banking finance companies (NBFC) went up in August 2023, said CARE Ratings in a report.

According to CARE Ratings, the credit exposure of banks to NBFCs stood at Rs.…

IT services growth rate is among the slowest over last decade

New Delhi (IANS) The growth of the IT services industry is expected to remain weak in 2QFY24, as macroeconomic uncertainty continues to weigh on discretionary spending, as per a report by Motilal Oswal Financial Services.

The softness seen…