A Rs 4.23 lakh crore surge in investor wealth in a single session pushed the Sensex and Nifty to within touching distance of their record highs on Wednesday. The Nifty 50 climbed past the 26,150 mark with gains of over 300 points, while the Sensex jumped more than 950 points to an intraday high of…
BENGALURU: In a move that signals a shift in how global capital is approaching India’s AI boom, Google has teamed up with Accel via its AI Futures Fund to back Indian and Indian-origin founders with up to $2 million at day zero phase, giving these early AI builders access to capital, compute and frontier models…
Gold and silver prices rose in the futures trade on Wednesday, tracking firm global cues, as weak US economic data strengthened expectations of an interest rate cut by the Federal Reserve next month.On the Multi Commodity Exchange (MCX), gold futures for December delivery jumped by Rs 475, or 0.38 per cent, to Rs 1,25,700 per…
NEW DELHI: The supply-demand and price appreciation for luxury housing in India’s top seven cities has continued to outpace the same for affordable segment, according to property consultant ANAROCK. Luxury homes (costing over Rs 1.5 crore) in Delhi NCR, Mumbai MMR, Kolkata, Pune, Hyderabad and Chennai have risen 40% since 2022, while affordable housing is…
File photo (Picture credit: AP) Asian markets climbed on Wednesday as softer US data strengthened expectations that the Federal Reserve will cut interest rates next month, while crude prices steadied after touching one-month lows.Asia followed Wall Street’s upbeat momentum after a run of weaker-than-expected US figures boosted confidence in a December rate cut. According to…
File photo: Union commerce and industry minister Piyush Goyal (Picture credit: ANI) India will begin official negotiations for a Free Trade Agreement with the Russia-led Eurasian Economic Union on Wednesday, commerce and industry minister Piyush Goyal announced in New Delhi. He said the talks with the five-nation grouping — Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan…
Top stocks to buy (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, the top stocks to buy today are Swiggy, and Bajaj Auto. He recommends Vedanta as a ‘sell’ call: Swiggy – Bullish Engulfing + RSI Bullish Divergence Buy near: ₹406–₹400; Stop Loss: ₹377;…
Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday on positive global cues. While Nifty50 was above 26,000, BSE Sensex was up over 350 points. At 9:34 AM, Nifty50 was trading at 26,011.15, up 126 points or 0.49%. BSE Sensex was at…
MUMBAI: Call it the impact of new age D2C brands bringing about a shift in consumption patterns as they build products to cater to different consumer nuances, or more households going premium helped by rising incomes, global FMCG giants are bringing foreign brands to India. Be it PepsiCo getting its Australian gourmet snacking brand Red…
MUMBAI: Money sent overseas under RBI’s liberalised remittance scheme rose to a 13-month high of nearly $2.8 billion in Sept, driven by travel spending. The outflow was nearly 1% more than the $2.76 billion recorded a year earlier and 5% above the $2.6 billion in August. Under the scheme, resident individuals can freely remit up…
NEW DELHI: Finance minister Nirmala Sitharaman Tuesday emphasised on simplification in processes and making systems more user-friendly in a review meeting with regional directorates and registrar of companies.In the meeting, the FM directed ministry of corporate affairs (MCA) that a live dashboard may be built to ensure that more transparency is brought to the systems….
MUMBAI: Indian Continent Investment, a promoter group entity of telecom services major Bharti Airtel, is eying to mobilise about Rs 7,200 crore (about $806 million) by selling about 3.4 crore shares, translating to nearly 0.6% of the company’s equity) through block trades on Wednesday. Goldman Sachs India is managing the offer, the term sheet for…
NEW DELHI: India and Israel will soon begin negotiations for a free trade agreement (FTA), commerce and industry minister Piyush Goyal said on Tuesday and asserted that quick estimates show that merchandise exports have grown in November. “We will shortly be commencing negotiations virtually to begin with and moving into an early stage early harvest…
NEW DELHI: Tata Motors fired fresh competition in SUV market with launch of Sierra at an aggressive entry price of Rs 11.5 lakh (ex-showroom), aiming to take on Hyundai Creta, Maruti’s Grand Vitara and Mahindra’s Thar and Scorpio-N.The Sierra is an iconic SUV nameplate of nineties that the company has revived almost after 25 years….
New Delhi: Chief executives of public sector banks have asked to personally monitor top 20 cases pending for admission and top 10 accounts pending for resolution at the NCLT. This was conveyed during a review meeting undertaken by the secretary, department of financial services (DFS), M Nagaraju. The meeting was attended by senior officials of…
CHENNAI: This calendar year has turned out to be an impressive one for battery-powered electric vehicles in the country. For the first time, total EV registrations across all segments have crossed the milestone of 2 million units – and the year is still not over, with more than a month to go. The surge highlights…
NEW DELHI: Employment in the country’s unincorporated sector was estimated at 12.9 crore in the July-Sept quarter, almost at the same level as in the previous quarter, a survey showed. The quarterly bulletin of unincorporated sector enterprises released on Tuesday by the statistics office showed that the number of establishments increased from 7.9 crore in…
Implementation of the new labour codes is expected to deliver a Rs 75,000-crore consumption boost and raise the share of the formal workforce by at least 15 per cent, according to a research note by economists at SBI on Tuesday.The four codes, enforced from November 21, will also expand social security coverage to up to…
US consumer confidence weakened in November, falling to its second-lowest reading since April as Americans grew more wary of elevated prices, sluggish job gains and the fallout of the prolonged government shutdown, according to an AP report.The Conference Board said on Tuesday that its consumer confidence index dropped to 88.7 in November, down from an…
India’s merchandise exports, which had fallen sharply in October, have bounced back this month and entered positive territory till November 21, Commerce and Industry Minister Piyush Goyal said on Thursday.After chairing a meeting of the Board of Trade, Goyal told reporters that the latest quick estimates show a clear uptick, according to PTI.“Exports are in…
