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Indian stock market at all-time high, bank stocks lead sharp rally

Jun 25, 2024

Mumbai, June 25 (IANS) Driven by the financial sector, the Indian stock market saw a sharp rally to close at an all-time high on Tuesday, with the Bank Nifty index breaking above the resistance of 52,000 for the first time.The domestic market experienced a financial sector-driven rally on Tuesday, primarily led by private banks, with the Nifty Bank…

GIFT City, TiE join hands to foster entrepreneurship, economic growth

Jun 25, 2024

New Delhi, June 25 (IANS) Gujarat International Finance Tec-City (GIFT City) -- India's only International Financial Services Centre (IFSC) -- on Tuesday signed a memorandum of understanding (MoU) with non-profit organisation TiE (earlier…

Business

India’s manufacturing sector to reach $1.66 trillion by FY34 with GDP share at 21 pc

Jun 25, 2024

Mumbai, June 25 (IANS) Driven by the production-linked incentive (PLI) scheme, the country’s manufacturing sector is projected to expand threefold, reaching a market size of $1.66 trillion from the current $459 billion (FY24), a report…

Business

Centre may increase welfare spending in upcoming budget: Report

Jun 25, 2024

New Delhi, June 25 (IANS) The Central government is likely to increase its welfare spending on social schemes by Rs 50,000 crore in the upcoming budget, due to robust tax collection and record dividend from the Reserve Bank of India (RBI),…

Business

Electric car sales in India to reach 1.3-1.5 lakh in FY25: Report

Jun 25, 2024

Mumbai, June 25 (IANS) With an improving adoption rate, electric car sales in India are likely to reach 1.3-1.5 lakh in the current fiscal year (FY25), according to a CareEdge Rating report.After a record growth of 90 per cent with volumes…

Business

77 pc of Indian firms witness surge in frauds due to Covid-19 pandemic: Report

Jun 25, 2024

New Delhi, June 25 (IANS) About 50 per cent of Indian organisations encountered one or more fraud incidents during and after the pandemic, with a substantial majority (77 per cent) perceiving a noticeable increase in fraudulent activities…

Business

AI health startup Cloudphysician raises $10.5 million

Jun 25, 2024

New Delhi, June 25 (IANS) Artificial intelligence (AI) health startup Cloudphysician on Tuesday said that it raised $10.5 million in a Series A funding round led by Peak XV Partners, with participation from Elevar Equity and venture debt…

Business

Sensex jumps 212 points on positive global cues

Jun 25, 2024

Mumbai, June 25 (IANS) Indian equity indices opened in the green on Tuesday following positive cues from Asian peers. At 9:55 a.m., Sensex was up 212 points or 0.27 per cent, at 77,553 and Nifty was up 53 points or 0.23 per cent, at…

Business

JSW Steel USA to invest $110 million to expand renewable energy biz

Jun 25, 2024

Mumbai, June 25 (IANS) JSW Steel USA, a subsidiary of India’s leading steel company, on Tuesday said it plans to invest $110 million in steel projects in the state of Texas. The company said this investment will enable the production of…

Business

TRAI tells mobile firms to enhance apps, web portals to curb spam messages

Jun 25, 2024

New Delhi, June 25 (IANS) In a bid to curb spam calls and messages, the government has issued fresh directions to mobile services providers.The Telecom Regulatory Authority of India (TRAI) has mandated mobile services providers to enhance…

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