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9 out of top 15 stocks traded on NSE belong to PSU category

Dec 28, 2023

Mumbai, Dec 28 (IANS) Nifty ended on a record high for the fifth consecutive session on Thursday. At close, Nifty was up 0.57 per cent or 123.9 points at 21,778.7. Cash market volumes on the NSE rose to Rs 1.1 lakh crore, said Deepak Jasani, Head Retail Research at HDFC Securities.The activity was concentrated in PSU stocks, as nine out of the top…

India’s economy is on stable high growth path backed by stronger banks: RBI

Dec 28, 2023

Mumbai, Dec 28 (IANS) Amidst a challenging global macroeconomic environment, the Indian economy is exhibiting “a quickening growth momentum,” with resilience and financial stability, according to the RBI’s Financial Stability report…

Business

Ex-Microsoft CEO to receive $1 bn annually for doing nothing

Dec 28, 2023

San Francisco, Dec 28 (IANS) Former Microsoft CEO Steve Ballmer, who is presently the sixth richest person globally, is set to collect a staggering $1 billion (nearly Rs 8,323 crore) in annual dividend payments from the tech giant in…

Business

Future of Reliance belongs to Akash, Isha, Anant and their generation: Mukesh Ambani

Dec 28, 2023

New Delhi, Dec 28 (IANS) Mukesh Ambani, Chairman and Managing Director at Reliance Industries, has said the future of Reliance belongs to Akash, Isha, Anant and their generation.“I have no doubt that they will achieve more in life, and…

Business

Oil & gas stocks shine as markets hit fresh highs

Dec 28, 2023

Mumbai, Dec 28 (IANS) The benchmark index maintained its optimism and hit fresh highs owing to ease in Red Sea issue and reversal of FII inflows, Vinod Nair, Head of Research at Geojit Financial Services, said on Thursday. The markets…

Business

Global PC industry sales to drop to $219.2 bn in 2024, third year of decline

Dec 28, 2023

New Delhi, Dec 28 (IANS) Facing a third year of decline, the global PC industry outlook for 2024 does not look optimistic and its revenue is expected to drop by $1.3 billion, pushing the total three-year loss to almost $11 billion, a report…

Business

Ahmedabad tops list for affordable homes, Pune & Kolkata tie at 2nd spot

Dec 28, 2023

Mumbai Dec 28 (IANS) Ahmedabad, Pune and Kolkata are the country’s most affordable cities for home buyers while Mumbai continues to be the most expensive followed by Hyderabad, according to the latest Affordability Index report by real…

Business

Xiaomi forays into automotive sector, unveils its 1st EV

Dec 28, 2023

New Delhi, Dec 28 (IANS) Global technology brand Xiaomi on Thursday announced its entry into the automotive industry by unveiling its long-awaited first electric vehicle.The company launched two EVs -- XiaomiSU7 and XiaomiSU7Max."#XiaomiSU7…

Business

IIL begins work on animal vaccine manufacturing unit in Hyderabad

Dec 28, 2023

Hyderabad, Dec 28 (IANS) Leading biotechnology company Indian Immunologicals Limited (IIL) has started construction of its new greenfield veterinary vaccine facility at Genome Valley in Hyderabad.This facility will manufacture the Foot and…

Business

NBFC’s vehicle loan AUM to vroom to Rs 8.1 lakh cr by 2025

Dec 28, 2023

Chennai, Dec 28 (IANS) Credit rating agency CRISIL Ratings Ltd on Thursday said the vehicle financing assets under management (AUM) of non-banking finance companies (NBFC) would rise to Rs 8,10,000 crore by March 31, 2025.According to…

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