Business

Market Outlook: Inflation, IIP and global economic data key trigger for next week

New Delhi: The market outlook of next week is likely to be shaped by a mix of global cues, domestic economic indicators, and the flow of investments from foreign and domestic institutional…
Govt plans to cut logistics costs: Nitin Gadkari

New Delhi: The government aims to cut the logistics costs in the country to single-digit levels in the next two-three years, according to Union Minister of Road Transport and Highways, Nitin Gadkari.…

Strong income growth, domestic capital inflows to help Sensex cross 1L mark

Mumbai: The Indian stock market, seen as the best performer in the emerging markets (EMs), crossed the 85,000 mark for the first time in September this year. Now, multinational investment bank and…
India clocks impressive 67% growth in total exports in 10 yrs

New Delhi: As demand for Indian products in the global market surges across categories, the country’s total exports reached about $778 billion in FY2023-24, compared to $466 billion in FY2013-14 — a…
LBL signs Rs 120 Cr investment from ERV and F-PC

Hyderabad: Laurus Labs Ltd today announced that its subsidiary, Laurus Bio, has signed an agreement for equity investment of ₹ 120 Cr from Eight Roads Ventures and F-Prime Capital. A press release…
RBI hikes interest rates on NRI foreign currency deposits

Mumbai: The RBI on Friday increased the interest rate ceilings on Foreign Currency Non-Resident Bank deposits or FCNR (B) deposits which will enable NRIs to earn more on their savings. The move…
Adani Bond portfolio’s liquidity stable: JP Morgan

Mumbai: As the dust seems to have settled around Adani Group bonds after the recent US-related developments, global brokerage JP Morgan has said that Adani bond portfolio’s liquidity is stable, giving an…

RBI leaves repo rate unchanged, cuts GDP forecast

Mumbai: The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the 11th time in a row but sharply lowered the GDP growth forecast to 6.6 percent…
Rupee rises against US dollar in early trade

New Delhi: Rupee appreciated 7 paise to 84.64 against the US dollar in morning trade on Friday, ahead of the Reserve Bank’s monetary policy decision. Forex traders said fresh foreign fund inflows…
July-September GDP may be revised upwards

New Delhi: Chief Economic Advisor V Anantha Nageswaran on Thursday said economic activity in some sectors have picked up pace during October-November and a GDP growth of 6.5-7 per cent in the…
Direct plans share in mutual fund SIPs reaches around 40 pc

New Delhi: Online investment options are rapidly changing the mutual fund industry as the share of direct plans in SIP (systematic investment plan) accounts has reached around 40 per cent from nearly…
Bitcoin surpasses USD 100K for first time, may reach USD 120K soon: Experts

New Delhi: World’s largest cryptocurrency Bitcoin has crossed the historic milestone of $100,000 apiece, driven by favourable market dynamics, growing US regulatory clarity, and institutional adoption through Bitcoin ETFs, industry experts said…
Indigo listed among 10 worst airlines in the world; carrier denies claims

The nation’s largest airline company, Indigo Airlines was ranked the seventh worst, at 103rd in the global ranking for aircraft carriers, ‘AirHelp Score Report 2024,’ which was released on Tuesday, December 3.…
Google to setup safety engineering centre in Hyderabad, 2nd in Asia

Hyderabad: Google LLC and the Telangana Government on Wednesday, December 4, announced that the technology giant has chosen Hyderabad to set up its Safety Engineering Centre (GSEC). The new Google security centre…
EPFO investment corpus doubles in 5 years

New Delhi: The total amount in the investment corpus of the Employees’ Provident Fund Organisation (EPFO) more than doubled in the past five years to Rs 24.75 lakh crore in the financial…