Sentiment and momentum favour the bulls in a truncated week

The week gone by had all the emotions one could think of. It had drama, expectation, new vigour, a desire to do something and above all momentum.

What one saw on Friday was a combination of the first day of the new financial year, a renewed…

Healthtech firm CoverMyMeds to lay off over 800 workers

San Francisco (IANS) US-based health technology company CoverMyMeds has announced to lay off about 815 employees amid tough macroeconomic conditions, the media reported.

The company also said to shut its Scottsdale office in the US, which houses…

Tech spending in India poised to grow by 9.6% this year

New Delhi (IANS) Tech spending in India is poised to grow by 9.6 per cent this year and the IT spending growth is set to regain pre-pandemic levels, with 2024 expected to be even better, a report has shown.

The Indian economy is poised for…

GST collection in March rises to over Rs 1.60 lakh crore

New Delhi (IANS) Recording a growth, the gross GST revenue in March rose to Rs 1,60,122 crore as compared with Rs 1,49,577 crore during February this year.

"The Gross GST revenue of Rs 1,60,122 crore comprise CGST of Rs 29,546 crore, SGST of…

Aadhaar authenticated transactions jump over 13% to cross 226 crore

New Delhi (IANS) Aadhaar authenticated transactions in February jumped over 13 per cent over last month to cross 226 crore, the UIDAI said, noting that there is growing adoption and usage of Aadhaar across sectors in India.

In February alone,…

Indian stock markets close FY23 on a high note

Chennai (IANS) The two Indian stock markets went up on Friday, the last day of FY23, with scrips in most of the sectors ending in green, said experts.

Globally too the markets rallied up with foreign institutional investors (FII) being the…

Govt hikes interest rate of small saving schemes, maximum in Sukanya Samridhi Yojana

New Delhi (IANS) The Government has effected significant hike in interest rates of small savings schemes, like senior citizen saving schemes, national saving certificate (NSC), Sukanya Samriddhi Yojana and monthly income scheme (MIS). The new rates…

Loans disbursed digitally rose 12-fold between 2017 and 2020: RBI panel report

New Delhi (IANS) There was a 12-fold increase in the volume of loan disbursement through digital mode by banks and non-bank finance companies (NBFCs) between 2017 and 2020, a RBI panel report said.

According to the findings by a working group…

Indigo, Virgin Atlantic expand codeshare, open up new destinations

New Delhi (IANS) Indigo and Virgin Atlantic have expanded their codeshare, opening up an array of new destinations across India.

Air passengers will now be able to book one ticket which allows them to connect seamlessly to London and beyond…

NPCI clarifies that customers won't be charged for UPI transactions

New Delhi (IANS) The National Payments Corporation of India (NPCI) on Wednesday said that it has now permitted the Prepaid Payment Instruments (PPI wallets) to be part of the interoperable UPI ecosystem and there is no charge for customers.

Additionally,…