India could be world’s 3rd largest economy by 2027 with nominal GDP of $5tn

New Delhi (IANS) India’s importance as a global growth driver will increase with its share of world growth contribution rising from 10 per cent in 2021 to 15 per cent in 2022, and further to 17 per cent in 2023-28, foreign brokerage Morgan Stanley…

Markets holding but no clarity on breakout

New Delhi (IANS) Markets were choppy and volatile in the week gonNew Delhi (IANS) Markets were choppy and volatile in the week gone by. They did recover from the previous week’s lows and staged some sort of a rally, but are yet to get out of the woods…

Byju’s core biz sees Rs 2,253 cr in net income loss in FY22, logs 2.3x revenue growth

New Delhi (IANS) Edtech major Byju's on Saturday said it has finally closed the audited financial accounts for the financial year 2021-22, saying the EBITDA loss of the core business was down from Rs 2,406 crore to Rs 2,253 crore (year-on-year).

India's forex reserves rise by $2.6 billion

Mumbai (IANS) India's foreign exchange reserves increased by $2.579 billion to $586.111 billion during the week ended October 27, the RBI said on Friday.

The country's foreign exchange reserves had fallen by $2.36 billion to $583.53…

IndiGo posts Rs 189cr net profit in July-Sep quarter

New Delhi (IANS) InterGlobe Aviation, the operator of leading airline IndiGo, reported a net profit of Rs 188.9 crore for the July-September quarter on Friday to bounce back from a net loss of Rs 1,583.33 crore in the same quarter last year.

The…

Indian markets witness resurgence as investors' anxiety drops

Mumbai (IANS) The Indian market is resurging amid a drop in investors' anxiety as Nifty VIX contracts generously, Vinod Nair, Head of Research at Geojit Financial Services, said on Friday.

The optimism is buoyed by firm global clues, steady…

Indian gaming industry to reach $7.5 bn by FY28, country has 568 mn gamers

New Delhi (IANS) The Indian gaming market is likely to hit the $7.5 billion valuation mark by FY28 - a 20 per cent CAGR growth - driven by increasing in-app purchases and advertising revenues in casual and mid-core games, a new report said on Thursday.

FIIs who were sustained sellers in Oct may turn buyers

New Delhi (IANS) Even though the pause decision of the US Federal Reserve was on expected lines, the commentary was not hawkish as the market feared, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Fed chief…

Tata Steel plunges into Rs 6,511 cr loss in July-Sep quarter

New Delhi (IANS) Tata Steel reported a consolidated net loss of Rs 6,511 crore in the second quarter of 2023-24 as the company was hit by impairment charges and shrinking margins in its operations in Europe.

The company had made a net profit…

SpiceJet inducts five leased Boeing 737s into its fleet

New Delhi (IANS) SpiceJet on Wednesday inducted five leased Boeing 737s (including 3 737 MAX aircraft) into its fleet.

"Today's induction comes shortly after the introduction of three leased Boeing 737s (including 1 737 MAX), reinforcing…