Micron begins construction on $2.7 bn India semiconductor plant in ‘epic’ beginning

Sanand (Gujarat) (IANS) Union IT Minister Ashwini Vaishnaw on Saturday said that India has embarked upon its journey to become a semiconductor hub, as US-based Micron Technology broke grounds for its about Rs 22,500 crore ($2.75 billion) chip assembly…

Dollar–rupee to trade in Rs 82-84 in 2HFY24: CARE Ratings

Chennai (IANS) The US dollar-Indian rupee exchange rate will fluctuate between Rs 82 and Rs 84 during the second half of FY24, CARE Ratings said in a report.

According to the credit rating agency, the rupee breached the Rs 83 against a dollar…

ICRA Analytics collaborates with FactSet to provide users with daily security level valuation of fixed income securities

New Delhi (IANS) ICRA Analytics, a wholly owned subsidiary of ICRA Ltd, announced that it has collaborated with FactSet to provide its daily security level valuation (SLV) of fixed-income securities to FactSet licensed users.

ICRA Analytics…

FIIs selling to the tune of Rs 16,934 cr in Sep

New Delhi (IANS) The Fed's hawkish pause message has created a global risk-averse sentiment in global equity markets, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

The spike in the dollar index to 105.52…

India to be included in JP Morgan’s emerging market debt index

New Delhi (IANS) JP Morgan has said that it will include India in its Government Bond Index-Emerging Markets (GBI-EM) index from June 2024 onwards.

This will help in increasing inflows into the world's fifth-largest economy.

It will…

Centre aims to meet 70% of India’s IT hardware demand through domestic production

New Delhi (IANS) The Central government plans to meet up to 70 per cent of the country's demand for IT hardware through domestic production within the next three years and cut dependence on imports from non-trusted sources, Minister of State for…

India likely to defer import curbs on PC, laptop manufacturers by 9-12 months

New Delhi (IANS) In a respite for global PC and laptop manufacturers, the government is likely to defer import duty curbs on PCs, laptops and tablets by at least 9-12 months from the October 30 deadline, while asking them to register for the new import…

Funds raised through equity shoot up 42.7% in August

Mumbai (IANS) Funds mobilised through equity issuance shot up by 42.7 per cent in August 2023 compared to July, while the amount raised through debt issuance fell by 10 per cent over the same period.

Equity issuance raised Rs 15,698 crore in…

Biggest drag on Nifty will be more FII selling in response to rising dollar and US bond yields

New Delhi (IANS) Even though the ‘hawkish pause’ from the Fed was on expected lines, the US markets reacted negatively since the indication from the Fed is that rates will remain ‘higher for longer’, says V K Vijayakumar, Chief Investment Strategist…

IPL ecosystem value pegged at Rs 92,500 crore

New Delhi (IANS) The IPL ecosystem value has risen from Rs 87,000 crore to Rs 92,500 crore, marking an increase of around 6.3 per cent, as per a report by D & P India Advisory Services.

In US dollar terms, this translates to a growth from $10.9…