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DIIs invested $ 20.2 bn in 2023

Dec 23, 2023

New Delhi, Dec 23 (IANS) While DII flows have been robust for the past few years, rising global interest rates have kept FPI flows under check, as per Quantum Mutual Fund. DIIs have invested $ 20.2 bn in 2023 on top of $ 35.8 bn in 2022. FPI flows have been tepid at $ 12.8 bn this year, but better than the outflow of $ 16.5 bn in 2022. This has…

Apple seeks $50 mn deals with news publishers to train its GenAI models: Report

Dec 23, 2023

San Francisco, Dec 23 (IANS) Apple is in touch with some top news publishers to use their articles to help train its generative AI systems, the media reported. The tech giant is apparently discussing “multiyear deals worth at least $50…

Business

$46bn wiped off Tencent’s market cap after China’s draft rule to curb gaming

Dec 23, 2023

Hong Kong, Dec 23 (IANS) China has released a new draft regulation to curb video gaming, leading to a massive plunge in shares of China's biggest gaming companies.As Beijing issued draft regulations aimed at curbing players' spending, $46…

Business

Tata Steel to consider scheme for merger of Indian Steel & Wire Products, calls shareholders…

Dec 23, 2023

New Delhi, Dec 22 (IANS) A meeting of the equity shareholders of Tata Steel Limited is scheduled to be held on January 25 to consider and approve the 'Scheme of Amalgamation' amongst Tata Steel Limited and The Indian Steel and Wire Products…

Business

Govt extends Customs duty exemption on masoor dal till March 2025

Dec 23, 2023

New Delhi, Dec 22 (IANS) The government on Friday extended the Customs duty exemption on masoor dal by a year to March 2025 in order to keep food inflation in check.This exemption, effective since October 2021, will now last until March 31,…

Business

Ola Electric files DRHP with SEBI, aims to raise Rs 5,500 cr via IPO: Report

Dec 23, 2023

New Delhi, Dec 22 (IANS) Homegrown electric two-wheeler manufacturer Ola Electric has filed its draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI), a media report said on Friday.…

Business

ShareChat may raise up to $65 mn at $2.7 bn valuation: Report

Dec 23, 2023

New Delhi, Dec 22 (IANS) Social media platform ShareChat is reportedly set to raise up to $65 million from existing investors.According to MoneyControl, the company is set to raise the money via convertible notes at $2.7 billion valuation.…

Business

Govt cracks whip on public sector banks over big insolvency cases

Dec 22, 2023

New Delhi, Dec 22 (IANS) The Finance Ministry has directed the managing directors of public sector banks to review the top 20 insolvency cases every month, financial services secretary Vivek Joshi said told journalists on Friday.The…

Business

With rising population and soaring temperature, industry invests in R&D practices in agriculture

Dec 22, 2023

New Delhi, Dec 22 (IANS) The Agriculture landscape is evolving at a rapid rate to cater to the diversifying needs of farmers and consumers worldwide. The driving force behind this evolution is Research and Development (R&D). It…

Business

PSU Bank index lost the most by shedding over 3% this week

Dec 22, 2023

Mumbai, Dec 22 (IANS) In the last week, the benchmark indices witnessed volatile activity, and after a roller-coaster moment the Nifty ended 0.55 per cent lower while the Sensex shed over 375 points, Amol Athawale, Vice President at…

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