FPIs sold stocks worth Rs 2,081 cr in last 2 days indicating buying exhaustion

New Delhi (IANS) In the last two days, FPIs have sold stocks worth Rs 2,081 crore indicating buying exhaustion, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

FPI flows have slowed down. This is normal response…

Tata Motors Q1 PAT at Rs 3,300 crore, to rejig capital

Chennai (IANS) Automobile major Tata Motors Ltd closed the first quarter of FY24 with a consolidated net profit of Rs 3,300.65 crore.

The company’s Board also approved the simplification and consolidation of its capital structure.

Tata…

RIL partners with Brookfield Infra, Digital Realty for India data centre business

New Delhi (IANS) Reliance Industries Limited (RIL) on Monday announced entering into an agreement to invest alongside Brookfield Infrastructure and Digital Realty in their Indian SPVs set up for developing data centres in the country.

RIL will…

IMF raises India's GDP growth projection to 6.1% in 2023-24

Washington (IANS) The International Monetary Fund (IMF) on Tuesday slightly raised India's GDP projection for the current fiscal to 6.1 per cent from 5.9 per cent.

However this projection by IMF is still lesser than the 6.5 per cent growth…

ITC Board accords in-principle approval to demerge hotels business into a new entity

New Delhi (IANS) The Board of Directors of ITC Limited on Monday evaluated and discussed various alternative structures for the Hotels Business towards crafting the next horizon of growth as also enhancing value creation for all stakeholders.

Markets see volatility as initial Q1 results below expectations

New Delhi (IANS) Following a flat opening, the Nifty was volatile throughout the day ending in a negative close on Monday.

For investors, the market is buys on dips with a strict stop loss of 19500, and if the Nifty closes below the indicated…

Tesla execs to meet commerce minister as China fumes at India’s BYD plant rejection

New Delhi (IANS) Representatives from Elon Musk-Tesla are reportedly expected to meet Union Commerce Minister Piyush Goyal as early as this month to chalk out a facility to build Rs 20 lakh electric car, as China fumes at New Delhi rejecting BYD Group’s…

realme Pad 2: Perfect companion for today’s youth

New Delhi (IANS) In today’s fast-paced digital world, tablets have become the go-to choice for the tech-savvy generation. From on-the-go productivity to immersive entertainment, tablets offer a seamless experience for all.

Among the tech giants,…

After almost touching 20K expect consolidation

New Delhi (IANS) Markets were on a roll last week and gained on four of the five trading sessions continuously. Alas all good things do come to an end, and market movement too was no exception. Friday, markets saw a sharp correction and they declined…

Only 0.8% electric vehicles in country out of 34 crore vehicles registered

New Delhi (IANS) Electric vehicles constitute a miniscule 0.8 per cent of the total number of vehicles registered in the country, despite government pushing for greener vehicles since 2015.

According to an official data, out of the total slightly…