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Sensex jumps 692 points, Nifty closes above 22,800

Jun 6, 2024

Mumbai, June 6 (IANS) Indian equity benchmarks closed in green for a second consecutive day on Thursday as India VIX declined over 11 per cent.India VIX or fear index is an indicator that showcases market volatility.Sensex was up 692 points or 0.93 per cent, at 75,074 and Nifty was up 201 points or 0.89 per cent, at 22,821.Midcap and smallcap…

India Inc sees resilient investments at $6.7 billion across key sectors in May

Jun 6, 2024

New Delhi, June 6 (IANS) India Inc saw resilient private equity (PE) investments amid elections as the month of May witnessed 145 deals worth $6.7 billion, a report showed on Thursday. The key sectors like real estate, e-commerce,…

Business

Time to position India as creator of global brands: Industry

Jun 6, 2024

New Delhi, June 6 (IANS) Policies of the incumbent government have added significant thrust to economic development as well as fast-tracked infrastructure development, and the time now is to position India as a creator of global brands,…

Business

Global investment in clean energy at $2 trillion is twice that of fossil fuels in 2024: IEA

Jun 6, 2024

New Delhi, June 6 (IANS) Despite pressures on financing, global investment in clean energy is set to reach almost double the amount going to fossil fuels in 2024, helped by improving supply chains and lower costs for clean technologies,…

Business

Domestic air passenger traffic surges in May 2024: ICRA report

Jun 6, 2024

New Delhi, June 6 (IANS) Domestic air passenger traffic in India saw a notable increase in May, reaching approximately 138.9 lakh passengers, marking a 5.2 per cent rise from April's 132.0 lakh passengers, according to a recent report by…

Business

Nvidia hits $3 trillion market cap, surpasses Apple on AI boom

Jun 6, 2024

New Delhi, June 6 (IANS) Al chipmaker Nvidia has surpassed technology giant Apple to become the world's second most valuable company, just behind Microsoft. Nvidia's market cap crossed $3 trillion for the first time due to the AI boom.…

Business

Analysts remain bullish on private banks stocks, say ‘fundamentals’ strong

Jun 6, 2024

Mumbai, June 6 (IANS) As private bank stocks recovered sharply this week, a Goldman Sachs analysis has said this offers opportunities to investors to "accumulate" private bank stocks.The global brokerage firm said in a note that the…

Business

RBI likely to leave interest rates unchanged

Jun 6, 2024

Mumbai, June 6 (IANS) The RBI is expected to leave interest rates unchanged in its monetary policy review as it continues to maintain a balance between pushing for economic growth and keeping inflation in check. The RBI’s Monetary Policy…

Business

Clodura.AI raises $2 mn from Bharat Innovation Fund

Jun 6, 2024

New Delhi, June 6 (IANS) AI-powered sales prospecting platform Clodura.AI on Thursday said that it raised $2 million in a pre-Series A funding round led by the Bharat Innovation Fund with additional backing from Malpani Ventures.According…

Business

Meta hit with 11 complaints in EU for using personal data to train AI models

Jun 6, 2024

New Delhi, June 6 (IANS) Eleven complaints were filed against Meta (formerly Facebook) in European countries on Thursday over proposed changes that would allow the company to use personal data to train its artificial intelligence (AI)…

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