Nifty makes significant gains on positive PMI, GDP data

Mumbai (IANS) Domestic markets made significant gains buoyed by favourable global cues, a higher-than-expected domestic manufacturing PMI, and positive GDP growth data, said Vinod Nair, Head of Research at Geojit Financial Services.

This robust…

Optiemus, Corning to manufacture finished cover glass parts for mobiles in India

New Delhi (IANS) Homegrown Optiemus Infracom Limited and US-based Corning International Corporation on Friday announced a joint venture to set up India’s first manufacturing facility for producing high-quality finished cover glass parts for the mobile…

GST collections for August at Rs 1,59,069 crore, 3.6% lower than July

New Delhi (IANS) The gross GST revenue collected in August stood at Rs 1,59,069 crore, which was 3.6 per cent less than Rs 1,65,105 crore collected in July.

The figure was, however, 11 per cent higher than the GST collections of August 2022,…

Mirae Asset looking to acquire India’s 9th largest brokerage Sharekhan

New Delhi (IANS) South Korea’s leading asset manager Mirae Asset Financial Group aims to enhance its presence in India by acquiring Sharekhan, the Southeast Asian country’s ninth-largest brokerage firm, Korea Economic Daily reported.

Bidders…

Adani Group rejects OCCRP allegations on stock manipulation

New Delhi (IANS) The Adani Group has rejected the OCCRP report alleging stock manipulation.

“We categorically reject these recycled allegations. These news reports appear to be yet another concerted bid by Soros-funded interests supported by…

Reliance Capital resolution plan all set to clear its final hurdle on Friday

Mumbai (IANS) The Resolution of Reliance Capital is all set to get a green signal from NCLT as the tribunal is going to consider the Hinduja Group company IIHL's resolution plan for admission tomorrow.

The Rs 10,000 crore resolution plan…

SoftBank likely sold 10 cr shares in Zomato for Rs 947 cr, stock up

New Delhi (IANS) Around 10 crore shares of online food delivery platform Zomato, amounting to an 1.17 per cent of the company’s equity, changed hands on Wednesday at a total deal value of around Rs 947 crore.

Japanese company SoftBank’s SVF…

Nifty gives up all its gains to close flat

Mumbai (IANS) Domestic equities started on a strong note on the back of positive global cues.

However, they witnessed profit booking in the last hour, leading to Nifty giving up all its gains and closing flat at 19,347 points, up 0.02 per cent…

MediBuddy raises $18 mn for strategic acquisitions, continued expansion

New Delhi (IANS) Digital healthcare platform MediBuddy on Wednesday said it has secured additional funding of $18 million from existing investors Quadria Capital, Lightrock and TEAMFund.

In February 2022, MediBuddy raised $125 million during…

Sensex up more than 100 points in morning trade

New Delhi (IANS) BSE Sensex is up 101 points in trade at 65,097 points in Tuesday morning trade.

Among the top Sensex gainers are Jio Financial, Tech Mahindra, Powergird and JSW Steel up over 1 per cent in trade. Bharti Airtel is down by more…