India's electronics goods exports clock 35 per cent surge to record high in Dec

New Delhi (IANS) India's electronics exports surged by 35.1 per cent to touch a two-year high of $3.58 billion in December 2024 from $2.65 billion in the same month of the previous year, reflecting the increase in foreign demand for high- value…

Infamous Hindenburg, which targeted Adani Group, faced intense scrutiny from Indian regulators

New Delhi (IANS) Infamous short-selling firm Hindenburg Research, which is now being disbanded as per an open letter from its founder Nate Anderson, has been under the radar of Indian regulators like the Securities and Exchange Board of India (SEBI)…

Indian stock market ends higher, Adani Ports among top gainers

Mumbai (IANS) India's domestic benchmark indices ended higher on Thursday as Adani Ports was among the top gainers. Sensex ended at 77,042.82 up by 318.74 points, or 0.42 per cent, and Nifty settled at 23,311.80, up by 98.60 points, or 0.42 per…

India’s macros remain robust, long-term growth prospects steady: Report

New Delhi (IANS) India’s macros (like fiscal consolidation, strong balance sheets and recovery in consumption) remain robust amid slowing global growth and the country's long-term growth prospects remain steady, projected at 6.5 per cent real…

India's goods and services exports clock 6pc growth to scale $602bn mark in April-Dec

New Delhi (IANS) India's total exports of merchandise and services have clocked a 6.03 per cent growth to $602.64 billion during April-December of the current financial year from $568.36 billion in the same period of the previous financial year,…

Banks hike interest rates on FDs amid fierce competition for deposits

Mumbai (IANS) Banks have started offering higher returns on FDs amid fierce competition to raise more deposits. While leading banks such as SBI and HDFC were the first to raise interest rates on FDs, smaller banks such as IDBI have followed suit for…

Apple clocks Rs 1 lakh crore worth iPhone exports from India in 2024: Industry

New Delhi (IANS) Riding on the government’s production-linked incentive (PLI) scheme and rising premiumisation trend, Apple has reached Rs 1 lakh crore in iPhone exports from India in the calendar year 2024. 

According to early industry estimates,…

WeWork India clocks nearly Rs 131 crore loss in FY24, expenses up by 19 pc

New Delhi (IANS) Flexible co-working space provider WeWork India suffered a loss of about Rs 130.8 crore in FY24, down from Rs 144.5 crore in FY23. 

WeWork India's total expenses last fiscal also increased by 19 per cent to Rs 1,864.3 crore.…

Market cap of top 50 APAC firms hits record $8.1 trillion in 2024, India third

New Delhi (IANS) Led by technology companies, the total market capitalisation of top 50 firms in the Asia-Pacific (APAC) region surged to $8.1 trillion in 2024, reflecting a 20.6 per cent year-on-year increase, according to a new report. 

Geographically,…

100 Indian firms file draft IPO papers, fundraising may surpass Rs 2 lakh cr this year

New Delhi (IANS) At least 100 companies have filed draft offer letters with the markets regulator Securities and Exchange Board of India (SEBI), as 2025 is projected to see fundraising via the primary market surpass Rs 2 lakh crore, according to market…