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Global chip market to recover in 2024 with 20% annual growth

Dec 24, 2023

New Delhi, Dec 23 (IANS) The global semiconductor sales market will recover in 2024 with an annual growth rate of 20 per cent, according to a new report.With the global demand for artificial intelligence (AI) and high-performance computing (HPC) exploding, coupled with the stabilising demand for smartphones, personal computers, infrastructure, and…

Polycab India says I-T Dept initiated searches at its premises, plants

Dec 24, 2023

New Delhi, Dec 23 (IANS) Polycab India has said that the Income Tax Department has initiated a search at some of the premises and plants related to the company.“Pursuant to Regulation 30 of the Listing Regulations, please be informed that…

Business

Four cos. to build BMC’s Rs 18K cr Dahisar-Versova coastal road project

Dec 23, 2023

Mumbai, Dec 23 (IANS) The BrihanMumbai Municipal Corporation (BMC) has finalised four major infra firms to construct the northern Dahisar-Versova section of the upcoming Mumbai Coastal Road Project (MCRP) set to cost more than Rs 18,000…

Business

Air India receives India’s first Airbus A350 aircraft

Dec 23, 2023

New Delhi, Dec 23 (IANS) The first ever Airbus A 350-900 aircraft, under the Air India flag, landed at Indira Gandhi International (IGI) airport on Saturday.The aircraft has been registered as VT-JRA, which arrived in Delhi at 1:46 p.m.…

Business

Undisclosed global client terminates $1.5bn AI deal with Infosys

Dec 23, 2023

New Delhi, Dec 23 (IANS) IT major Infosys on Saturday announced that a global client has decided to terminate the Memorandum of Understanding (MoU) for a $1.5 billion deal focused on artificial intelligence (AI) solutions. The 15-year deal…

Business

Coal imports plunge 44% in current financial year

Dec 23, 2023

New Delhi, Dec 23 (IANS) India’s coal imports for blending have decreased substantially by 44.28 per cent to 15.16 million tonnes during April- Nov, 2023 of the current financial year from 27.21 million tonnes in the same period of the…

Business

Limited upside potential for Nifty in next 12 months due to rich valuations

Dec 23, 2023

New Delhi, Dec 23 (IANS) The Nifty 50 index is now trading at 23x FY24 and 20x FY25 consensus EPS, indicating limited upside potential in the next 12 months, says a report by HDFC Securities. Rich index valuations leave little room for…

Business

FPIs big buyers in financial services

Dec 23, 2023

New Delhi, Dec 23 (IANS) FPI inflows, which were negative in the previous three months, have sharply turned positive in December, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.Total FPI inflows in December…

Business

Solar PV module manufacturing projects of 48.3 GW capacity okayed under Centre’s PLI scheme

Dec 23, 2023

New Delhi, Dec 23 (IANS) The central government has given the go-ahead to big GW scale projects for setting up around 48.3 GW of integrated high efficiency Solar PV module manufacturing capacity in the country under its Production Linked…

Business

India may see 1 cr EV sales per year by 2030, says govt

Dec 23, 2023

New Delhi, Dec 23 (IANS) The country may see 1 crore electric vehicle (EV) sales annually by 2030, generating nearly 5 crore jobs, Minister of Road Transport and Highways, Nitin Gadkari, has said. As per the Vahan database, 34.54 lakh EVs…

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