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India’s institutional investor sector sees 69 pc growth in hiring: Report

Feb 24, 2025

New Delhi, Feb 24 (IANS) India has witnessed a notable 69 per cent increase in headcount in the institutional investor sector over the last two years, according to a report on Monday.India’s market capitalisation has risen over the past decade, growing from $1.2 trillion to $5.2 trillion. This growth has spurred significant expansion in the…

Sensex, Nifty shed over 1 pc each over weak global cues, IT stocks suffer the most

Feb 24, 2025

Mumbai, Feb 24 (IANS) Domestic benchmark equity indices on Monday ended the trading session on a weak note, closing over 1 per cent lower as the market saw broad-based selling pressure amid weak global cues.At the closing bell, the 30-share…

Business

Samsung, union reach tentative wage deal for 5.1 pc pay hike

Feb 24, 2025

Seoul, Feb 24 (IANS) Samsung Electronics and its labour union on Monday reached a tentative wage agreement, which includes an average 5.1 per cent pay raise for 2025, officials said.The deal comes after 48 days of negotiations, which began…

Business

Hyundai Steel suspends cold-rolled plant amid stalled wage talks

Feb 24, 2025

Seoul, Feb 24 (IANS) Hyundai Steel, South Korea's second-biggest steelmaker by sales, said on Monday it has suspended its cold-rolled steel plant in the wake of a month-long strike by its workers demanding pay hikes.Hyundai Steel stopped…

Business

India’s wind power capacity poised to surge to 63 GW by 2026-27

Feb 24, 2025

New Delhi, Feb 24 (IANS) India’s annual capacity addition of wind power is projected to more than double to 7.1 gigawatt (GW) on average in the next two financial years, compared with 3.4 GW in fiscal year 2023-25 -- driven by government…

Business

NTPC, France’s EDF ink pact on hydro projects

Feb 24, 2025

New Delhi, Feb 24 (IANS) Government-owned power giant NTPC and EDF India, a subsidiary of France’s Electricite de France, have entered into a partnership to set up pumped hydro storage and hydro projects bundled with renewable energy…

Business

Indian tech industry to hit $300 bn revenue in FY26, workforce to reach 5.8 mn in FY25

Feb 24, 2025

New Delhi, Feb 24 (IANS) The Indian tech industry is projected to reach $300 billion revenue in FY26, a Nasscom report said on Monday, adding that in the current fiscal (estimated), the industry will add at least 126,000 net new employees,…

Business

Over 26 pc of equity MFs in India outperform respective benchmarks in Jan

Feb 24, 2025

Mumbai, Feb 24 (IANS) More than 26 per cent of equity mutual funds in India outperformed their respective benchmarks in January this year, a report said on Monday.The report, based on analysis of 291 open-ended equity diversified funds,…

Business

AI’s impact on agriculture ‘phenomenal’: Satya Nadella, Elon Musk react

Feb 24, 2025

New Delhi, Feb 24 (IANS) The impact of artificial intelligence (AI) on agriculture is ‘phenomenal’, said Microsoft CEO Satya Nadella on Monday.Sharing a video on social media platform X, Nadella highlighted the use of AI to increase the…

Business

45 pc young Indians choosing stocks as their primary investment option: Report

Feb 24, 2025

Bengaluru, Feb 24 (IANS) Forty-five per cent of Indians, under age 35, are now picking up stocks as their primary investment option, a new report said on Monday.The growing interest in the stock market is driven by increased financial…

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