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India’s CAD declines to 1.2 pc of GDP in Oct-Dec quarter reflecting stronger economy

Mar 26, 2024

Mumbai, March 26 (IANS) India’s Current Account Deficit (CAD) declined to $10.5 billion (1.2 per cent of GDP) in the October-December quarter (Q3) of 2023-24 from $16.8 billion (2.0 per cent of GDP) in the same quarter of 2022-23, according to official figures released by the RBI on Tuesday. Sequentially also the CAD was lower than the…

Oversight Board asks Meta to remove restriction on Arabic word ‘shaheed’

Mar 26, 2024

New Delhi, March 26 (IANS) Meta's oversight board on Tuesday asked the company to end its blanket ban on the Arabic word "shaheed", roughly translated as "martyr" in English.The Board's year-long extensive review revealed that Meta's…

Business

Nifty ends in red as investors sit on sidelines

Mar 26, 2024

New Delhi, March 26 (IANS) Nifty traded in negative territory throughout the session to close with a loss of 75 points at 22,021, Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, has said.Broader market, however,…

Business

‘Headline correction in markets may appear modest but substantial number of stocks impacted in…

Mar 26, 2024

New Delhi, March 26 (IANS) While the headline correction in the markets in March appears moderate, there are a substantial number of stocks that have been significantly affected, Emkay Institutional Equities said.While it is not the most…

Business

Public equity fundraising increased by a huge 142 pc to Rs 1.86 lakh crore

Mar 26, 2024

New Delhi, March 26 (IANS) Overall public equity fundraising increased by a huge 142 per cent to Rs 1.86 lakh crore in 2023-24 from Rs 76,911 crore in 2022-23. Pranav Haldea, Managing Director, Prime Database, said 76 Indian corporates…

Business

TRAI issues recommendations to streamline M2M eSIM sector

Mar 26, 2024

New Delhi, March 26 (IANS) The Telecom Regulatory Authority of India (TRAI) on Tuesday released recommendations aimed at streamlining the regulatory landscape of machine-to-machine (M2M) embedded SIM (eSIM) in India. With the rolling out of…

Business

India’s manufacturing industry most targeted for ransomware attacks: Study

Mar 26, 2024

New Delhi, March 26 (IANS) India’s manufacturing industry witnessed the most ransomware extortion in 2023, according to a global report. The report by Palo Alto Networks’ Unit 42 is based on incident data from more than 250 organisations…

Business

Proptech firm Aeria raises fresh funds to expand footprint

Mar 26, 2024

New Delhi, March 26 (IANS) Real estate and asset management platform Aeria on Tuesday said it has secured $1.8 million in pre-seed funding led by Kalaari Capital and Foundamental along with AC Ventures, AL Trust and several others.The…

Business

Myntra outpaces market with strong growth aided by customer acquisition, innovation &
…

Mar 26, 2024

Bengaluru, March 26 (IANS) Myntra, India's premier fashion, beauty and lifestyle destination, on Tuesday said it has been on a strong growth trajectory, growing notably faster than the online fashion market since H2 (second half) of CY…

Business

India on the path to its next industrial revolution, Industry 4.0, say analysts

Mar 26, 2024

New Delhi, March 26 (IANS) India is on the path to its next industrial revolution, Industry 4.0, as per analysts at Anand Rathi Share and Stock Brokers.Multi-nationals are either ramping up capacity or setting up plants to transform India…

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