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We Founder Circle leads early-stage funding in Indian startups in 2023

Jan 1, 2024

New Delhi, Jan 1 (INAS) Founders-led investment firm We Founder Circle (WFC) on Monday said it invested in 103 deals across 82 startups in 2023, thus becoming the largest angel investor network in the country.WFC has invested in a total of 207 deals across 162 startups within three years of operations.This year, over 15 startups have raised their…

PSU stocks top gainers in a flat market

Jan 1, 2024

New Delhi, Jan 1 (IANS) PSU stocks are top gainers in trade on Monday in a flat market.BSE CPSE index is top gainer with a gain of 1.5 per cent. Among the index constituents, stocks are up by up to 8 per cent.KIOCL is up 8 per cent, Railtel…

Business

Foreign net purchases of Samsung Electronics reach all-time high

Jan 1, 2024

Seoul, Jan 1 (IANS) Foreign investors' net purchases of Samsung Electronics stocks reached an all-time high last year on rising expectations of a recovery in the semiconductor industry, bourse data showed on Monday.Offshore investors…

Business

Hope ‘sophisticated’ investors are not taking cues from retail flows, says brokerage

Jan 1, 2024

New Delhi, Jan 1 (IANS) The returns in 2024 will depend on the tussle between fundamentals and sentiment. In an entirely ‘fundamental’ market, returns will likely be modest for the market and negative for many stocks, says a report by Kotak…

Business

Markets vulnerable to corrections as most of the good news is in price

Jan 1, 2024

New Delhi, Jan 1 (IANS) As the New Year begins it is a Goldilocks scenario for the economy and markets, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.The growth momentum in the economy is strong. 7 per cent…

Business

From Zomato to Oyo, massive surge in orders, bookings on New Year’s Eve

Jan 1, 2024

New Delhi, Jan 1 (IANS) Food delivery platforms like Zomato and Swiggy and quick commerce platforms like Blinkit and Zepto, along with hospitality major Oyo, saw highest-ever orders and bookings on the New Year's Eve, compared to previous…

Business

International alert triggers safety checks on Boeing 737 Max fleet by Indian airlines

Jan 1, 2024

New Delhi, Dec 31 (IANS) An international advisory alerting to a potential safety concern related to loose bolts has been issued for the worldwide Boeing 737 Max passenger aircraft fleet. This has prompted at least three airline operators…

Business

Remarkable finish for US oil & gas sector with strong production figures for 2023

Jan 1, 2024

Washington, Dec 31 (IANS) The US has produced more oil and natural gas than ever before even as government planners were trying a tectonic shift to other alternative greener sources of energy to adhere to the climate change protocol's…

Business

Zomato ‘war room’ handles order surge with over 3.2 lakh delivery boys

Jan 1, 2024

New Delhi, Dec 31 (IANS) As food orders surged on New Year's Eve, Zomato CEO Deepinder Goyal shared images of the "war room" at the company headquarters.Zomato executives and other team members were seen ready with cans of coke and food for…

Business

A record share of S&P 500 stocks underperformed in 2023 in ‘weirdest bull market in…

Jan 1, 2024

New York, Dec 31 (IANS) The S&P 500 index is closing in on a fresh record high as 2023 draws to a close. Unfortunately for stock pickers, many of the index's constituents remain well below their highs from January 2022, MarketWatch…

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