Sensex closes above 83,000; Bharti Airtel, NTPC top gainers

Mumbai (IANS) Indian equity indices closed with marginal gains as market investors shifted their focus to the US Federal Open Market Committee's policy meeting, starting later in the day on Tuesday. 

At closing, the Sensex was up 90 points…

Softening of WPI inflation to cut production costs, demand surge for consumption

New Delhi (IANS) The softening of wholesale price index (WPI) inflation in August on the back of decline in prices of food articles, especially vegetables and milk is encouraging, which will lead to reduction in production costs and increase in demand…

Sensex trades at all-time high, PSU bank and metal stocks lead

Mumbai (IANS) Indian equity indices opened with gains on Monday, tracking American markets as investors expect a rate cut by the US Fed that further boosts market sentiment. At 9:44 a.m., Sensex was up 258 points or 0.31 per cent at 83,149 and Nifty…

Sponge iron production clocks 8 pc growth in India, set to rise above 75 MT by FY30

New Delhi (IANS) The production of direct reduced iron (DRI), also known as sponge iron, registered a compound annual growth rate (CAGR) of 8 per cent in India to 51.5 metric tonnes (MT) in fiscal 2024 from 34.7 MT in fiscal 2019, outpacing the 5…

RBI's forex reserves set to cross $700 bn sooner than expected in FY25

New Delhi (IANS) Despite global economic headwinds and deepening geopolitical uncertainties, the forex reserves are at record all-time high levels and are set to cross $700 billion in FY25 sooner than expected. 

According to a latest note by…

Festival mood in markets with liquidity driving uptrend

New Delhi (IANS) In the last three to four weeks, one finds that a single day’s movement, whether upward or downward, makes the trend or direction of the whole week. In the previous week, it was the movement on Thursday (Sep 12) while in the week…

Government removes floor price on basmati rice, farmers to benefit

New Delhi (IANS) In a significant step to boost export of basmati rice, a premier GI variety rice of India, the government has removed the floor price on export of basmati rice, a move that will ensure good returns to farmers. 

According to…

24 Indian startups raise over $229 million in funding this week

New Delhi (IANS) At least 24 domestic startups secured more than $229 million in funding this week, which included six growth-stage deals worth $182.65 million. 

The week saw 13 early-stage deals worth $46.14 million. Overall, Bengaluru-based…

Sensex trades lower, ITC and HUL top losers

Mumbai (IANS) Indian frontline indices opened lower on Friday due to heavyweights like ITC, HUL, Asian Paints and M&M falling the most. 

At 9.58 a.m., Sensex was down 200 points or 0.25 per cent at 82,762 and Nifty was down 63 points or 0.25…

Ford to make a comeback in India to boost exports, hire up to 3,000 more

Chennai (IANS) US automaker Ford Motor is making a comeback in India and will restart its manufacturing plant in Chennai to boost exports, along with hiring another 2,500-3,000 employees, it was announced on Friday. 

According to Kay Hart,…