Midcap rallies 3.94 pc, Smallcap gains 1.69 pc as Indian markets post strong April returns

Mumbai (IANS) The Indian equity markets ended the month of April on a strong note, with the Nifty Midcap index emerging as the top performer, registering a gain of 3.94 per cent, followed by a 1.69 per cent rise in the Nifty Smallcap index, a new…

India’s retail sector surges with 169 pc growth in Q1 2025: Report

Mumbai (IANS) The Indian retail sector witnessed 169 per cent growth (year-on-year) in the January-March quarter, as strong momentum in new retail store openings continued to play out in major metropolitan cities, a report said on Friday. 

On…

SBI to sell 13.19 pc stake in Yes Bank to Japan’s SMBC for Rs 8,889 crore

Mumbai (IANS) India’s largest lender, State Bank of India (SBI), announced on Friday that it will sell a 13.19 per cent stake in private lender Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for Rs 8,889 crore. 

The move is…

IndusInd Bank’s long-term debt instruments put under negative watch: Crisil

Mumbai (IANS) Global credit rating agency Crisil has placed IndusInd Bank’s long-term debt instruments on ‘Rating Watch with Negative Implications.’ 

This includes Rs 4,000 crore worth of tier II bonds and Rs 1,500 crore of infrastructure bonds.

India pharma market sees 7.8 pc revenue growth in April: Report

New Delhi (IANS) India’s pharmaceutical market (IPM) continues its growth in April with 7.8 per cent year-on-year (yoy) in revenue, according to a report on Thursday. 

The report, by rating agency India Ratings and Research (Ind-Ra), showed…

Indian carriers issue fresh travel advisories, cancel more flights till May 10

New Delhi (IANS) Domestic carriers issued fresh advisories for air travellers on Wednesday as they cancelled more flights till May 10 following a notification from aviation authorities, asking passengers to check their flight status before heading…

India’s services sector grows steadily in April, composite PMI hits 8-month high

New Delhi (IANS) India’s services sector continued to grow in April, with the Services Purchasing Managers' Index (PMI) rising slightly to 58.7 from 58.5 in March, an HSBC report said on Tuesday. 

A PMI reading above 50 indicates expansion,…

India’s mineral production surges to all-time high in 2024-25

New Delhi (IANS) The production of key minerals such as iron ore, manganese ore, bauxite and lead in the country have recorded a robust growth in financial year 2024-25 after reaching record production levels in FY 2023-24, according to a statement…

Indian Oil’s sales volume, including exports, crosses 100 MMT for 1st time

New Delhi (IANS) In a significant feat for the Indian oil sector, state-run Indian Oil Corporation on Saturday said its total sales volume, including exports, has crossed 100 million metric tonnes (MMT) for the first time ever. 

In a post on…

Angolan President seeks closer ties with India in pharma, agriculture, renewable energy

New Delhi (IANS) Angolan President Goncalves Lourenco on Sunday highlighted the need for strengthening cooperation between India and Angola in various sectors, including the pharmaceutical industry, agriculture, and the renewable energy sector.