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Nvidia market capitalisation surpasses Alphabet

Feb 15, 2024

New York, Feb 15 (IANS) Chip-maker Nvidia's market capitalisation rose to $1.83 trillion on Wednesday, nudging past Alphabet's $1.82 trillion market cap, a media report said.Santa Clara-based chipmaker's shares rose 2.5 per cent to $739, while Alphabet shares ended the session at $145.94, CNN reported.Earlier this week, Nvidia surpassed Amazon,…

Japan loses its position as the world’s third-largest economy to Germany

Feb 15, 2024

New Delhi, Feb 15 (IANS) Japan has slipped to the world's fourth-largest economy as it fell behind the size of Germany's in 2023, says Deepak Jasani, Head of Retail Research, HDFC Securities.Japan's nominal GDP totalled $4.2 trillion last…

Business

Heavy selling by FIIs neutralised by domestic funds buying

Feb 15, 2024

New Delhi, Feb 15 (IANS) A significant feature of a bull market is its ability to bounce back from a steep fall. This was evident on February 14 when Nifty bounced back by around 300 points from the lows, says V.K. Vijayakumar, Chief…

Business

BPCL to set up green hydrogen plant in Cochin airport

Feb 15, 2024

Chennai, Feb 14 (IANS) The Cochin International Airport Ltd (CIAL), the world's first airport fully powered by solar energy, has entered a Memorandum of Understanding with Bharat Petroleum Corporation Limited (BPCL) for setting up a Green…

Business

PSU stocks outperformed Nifty over past 12 months

Feb 14, 2024

New Delhi, Feb 14 (IANS) The PSU (Public Sector Undertakings) index outperformed the Nifty over the past 12 months, after a decade of underperformance prior to 2020, foreign brokerage Jefferies said in a report.The recent outperformance has…

Business

Govt issues guidelines for using Green Hydrogen as fuel in trucks, buses

Feb 14, 2024

New Delhi, Feb 14 (IANS) The government on Wednesday issued guidelines for undertaking pilot projects for using Green Hydrogen as fuel in buses, trucks and 4-wheelers. Under the National Green Hydrogen Mission, the Ministry of New &…

Business

MSP for all crops: Impact will be multi-pronged, says CRISIL Market Intelligence and Analytics

Feb 14, 2024

Chennai, Feb 14 (IANS) It will be a multi-pronged impact if the government decides to procure the entire production of 23 crops for which minimum support price (MSP) has been announced, said an official of CRISIL Market Intelligence and…

Business

Amid stock market rout, MSCI cuts dozens of companies from its benchmark China Index

Feb 14, 2024

Hong Kong, Feb 14 (IANS) Global stock index compiler MSCI is deleting dozens of companies from its benchmark China Index, which could further exacerbate fund outflows from Chinese equities after a massive stock market rout, a media report…

Business

RBI Governor Das tells CEOs of banks to put customers’ interest first

Feb 14, 2024

Mumbai, Feb 14 (IANS) RBI Governor Shaktikanta Das on Wednesday told the managing directors and CEOs of public and private sector banks that the customer grievance redress mechanism and protection of customers’ interests are of paramount…

Business

Centre launches Rs 29,610cr scheme to spur growth in dairy sector

Feb 14, 2024

New Delhi, Feb 14 (IANS) Union Minister of Fisheries, Animal Husbandry & Dairying Parshottam Rupala on Wednesday launched the Rs 29,610 crore realigned Animal Husbandry Infrastructure Development Fund (AHIDF) Scheme.The minister said…

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