The market outlook for next week will be guided by the major domestic and global economic data such as India WPI Inflation (YoY) (Sep), India CPI (YoY) (Sep), India Bank Loan Growth and Deposit Growth, Indian companies Q2 results and major updates from the US, China and Japan. The second quarter results season has started. … Read more
At least 32 domestic startups secured nearly $135 million in funding this week, which saw four growth-stage deals and 22 early-stage deals in a significant jump of over 45 per cent from last week. Deeptech startups emerged as leader this week as Industrial robotics maker Haber raised Rs 317.2 crore (approximately $38 million) in its … Read more
Foreign portfolio investors (FPIs) sold equity worth Rs 58,710 crore (till October 11), but massive selling didn’t have a serious impact on the market, market experts said on Saturday. According to them, the entire FPI selling has been absorbed by the domestic institutional investors (DIIs) who are receiving sustained fund inflows. The major trend in … Read more
Hemant Jain has taken charge as new President of the PHD Chamber of Commerce and Industry (PHDCCI), it was announced on Saturday. He succeeds Sanjeev Agrawal, who now assumes the role of immediate former president at the leading industry chamber. Rajeev Juneja has taken over as the Senior Vice President and Anil Gupta as Vice … Read more
The Indian Renewable Energy Development Agency (IREDA) has created a new revolution in the clean energy sector and Union Minister Pralhad Joshi on Saturday expressed happiness over the "excellent second-quarter results." “I am happy over IREDA's excellent second-quarter results,” stated Union Minister for New and Renewable Energy and Food, Public Distribution, Joshi. Speaking to … Read more
IPO-bound Hyundai Motor India Ltd (HMIL) has earmarked investments worth around Rs 32,000 crore for India till 2032, as the company predicts a strong and steady EV market growth till 2030. The company seeks to raise up to $3.26 billion through an IPO and shares are expected to begin trading on October 22. According to … Read more
India's Index of Industrial Production (IIP) saw a marginal contraction of 0.1 per cent in the month of August, against July's 4.7 per cent as manufacturing production rose by 1 per cent, the Ministry of Statistics data showed on Friday. In the manufacturing sector, the top three positive contributors were the manufacturing of basic … Read more
As India continues its journey towards becoming the skill capital of the world, the employable percentage of final-year and pre-final year students increased from 33.9 per cent in 2014 to 51.3 per cent in 2024, the government said on Friday. With one of the youngest populations in the world, India can realise its demographic dividend … Read more
With elevated crude oil prices amid global geo-political situations, the rupee on Friday breached the 84-mark against the US dollar for the first time. The rupee traded lower by 0.12 at 84.09, pressured by the recent rise in the dollar index from $100.50 to $102.40 and its steady hold. According to trade experts, the Middle … Read more
The ruling party’s stronger-than-expected performance in the assembly elections brought a degree of optimism to the domestic stock market this week amid global geo-political uncertainties, analysts said on Saturday. The broader market showed some resilience and attempted to bounce back, with the Nifty50 index finding support at the 24,800 level. However, this support remains tentative, … Read more