42% consumers in India to use UPI for festive shopping this year: Report

New Delhi (IANS) Digital payment methods are on the rise in India, with 42 per cent of consumers saying they will choose unified payments interface (UPI)-for online festive shopping, a new survey report showed on Monday.

In addition, 57 per…

India begins chip journey in just 15 months, Micron a beacon to all investors: MoS IT

New Delhi (IANS) In just 15 months’ time, India has seen the construction of its first-ever semiconductor plant, received more manufacturing proposals along with 8 chip designing startups now operational in the country, Rajeev Chandrasekhar, Union…

Market momentum broken, expect further downside

New Delhi (IANS) The markets were in a sharp correction mode in the week gone by. The saving grace was that we had a holiday on Tuesday to welcome Lord Ganesh for his annual trip, otherwise things could have been even worse. Markets lost on all four…

Markets to remain under pressure in the near term

New Delhi (IANS) Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, said "We expect the market to remain under pressure in the near term given the global concerns. Thus, we suggest investors to have higher allocation towards…

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…

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…

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…

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…

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…

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…