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Multiple catalysts for re-rating across verticals as RIL exits fourth investment cycle: Morgan Stanley

Apr 23, 2024

New Delhi, April 23 (IANS) Global brokerage Morgan Stanley has pointed to multiple catalysts for re-rating across verticals as Reliance Industries Limited (RIL) exits its fourth investment cycle.RIL's F4Q24 earnings were slight beat to estimates. Its Energy EBITDA stood out while retail was lower. Net debt and capex intensity declined to the lowest…

RBI lists 6 factors powering India’s take-off to become world’s 3rd largest economy

Apr 23, 2024

Mumbai, April 23 (IANS) While India’s recent growth performance has surprised many, triggering a flurry of upgrades from financial institutions such as the IMF, the RBI bulletin released on Tuesday cites six factors that will propel the…

Business

Nifty Smallcap index registers fresh all-time high

Apr 23, 2024

New Delhi, April 23 (IANS) Nifty rose for the third consecutive session on Tuesday to close at 22368, with a minor gain of 0.14 per cent.From the recent swing low of 21777, Nifty has recovered 670 points, says Devarsh Vakil, Deputy Head…

Business

Paytm Launches ‘Destination of the Week’ Summer Campaign with Discounts on Domestic and…

Apr 23, 2024

One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services distribution company and the pioneer of QR and mobile payments,

Business

BharatPe Launches BharatPe One: India’s first All-in-One Payment Device

Apr 23, 2024

BharatPe, India’s leading name in the fintech industry, today announced the launch of BharatPe One, India’s first all-in-one payment product that integrates POS, QR, and speaker into one device.

Business

Apple ecosystem one of the leaders in job creation in mobile manufacturing: Ashwini Vaishnaw

Apr 23, 2024

New Delhi, April 23 (IANS) As India becomes the second nation in the world in terms of mobile manufacturing, the Apple ecosystem is now one of the leading employment generators in the sector, Union Railways and IT Minister Ashwini Vaishnaw…

Business

India’s first all-in-one payment device launched

Apr 23, 2024

New Delhi, April 23 (IANS) Fintech company BharatPe on Tuesday launched India's first all-in-one payment product that incorporates POS (point of sale), QR, and speaker into a single device. Called BharatPe One, the product is designed to…

Business

Aston Martin launches new sports car ‘Vantage’ at Rs 3.99 cr in India

Apr 23, 2024

New Delhi, April 23 (IANS) Aston Martin on Tuesday launched the new sports car 'Vantage' at Rs 3.99 crore (ex-showroom) in India.According to the company, the new Vantage boasts a muscular physique and unmistakable presence, with design…

Business

Govt gets 7 bids under PLI scheme for making Advanced Chemistry Cells to push green energy plan

Apr 23, 2024

New Delhi, April 23 (IANS) The Ministry of Heavy Industries said on Tuesday that it has received as many as seven bids under the global tender for the re-bidding of Production Linked Incentives (PLI) for 10 GWh Advanced Chemistry Cell (ACC)…

Business

More than one in five cars sold worldwide is expected to be electric: IEA

Apr 23, 2024

New Delhi, April 23 (IANS) More than one in five cars sold worldwide this year is expected to be electric, with surging demand projected over the next decade set to remake the global auto industry and significantly reduce oil consumption…

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