The government on Friday announced to establish cutting-edge education hubs in Maharashtra, including the Centre of Excellence (CoE) in artificial intelligence (Al), robotics, internet of things (IoT), Industry 4.0, 3D printing and allied technologies. The initiative is expected to create significant opportunities for students, providing them with the necessary skills and job placements to succeed … Read more
Noel Naval Tata, the newly-appointed Chairman of Tata Trusts, on Friday said he looks forward to carrying on the legacy of Ratan Naval Tata and the founders of the Tata Group. The Tata Trusts board met at a joint meeting held here and took the unanimous decision to appoint Noel Tata, the half-brother of Ratan … Read more
India's foreign exchange (Forex) reserves stood above $700 billion for the second-consecutive week, data from the Reserve Bank of India (RBI) showed on Friday. The foreign reserves stood at $701.18 billion as of October 4, a drop of $3.71 billion from the previous week, according to the RBI’s weekly bulletin. The country's Forex reserves of … Read more
India's foreign exchange reserves fell for the first time in eight weeks and came off a record high to stand at $701.18 billion as of Oct. 4, data from the Reserve Bank of India (RBI) showed on Friday. The reserves fell by $3.71 billion in the reporting week, after having risen by a total of … Read more
India's industrial output contracted for the first time in nearly two years, partly hurt by weak mining activity and lower electricity generation, government data showed on Friday. Industrial output fell 0.1% year-on-year in August, contrary to economists' expectations of 1.2% growth in a Reuters poll. The index had previously registered a contraction in October 2022, … Read more
The FIIs as per Friday's data were net sellers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 10097.93 crore against gross selling of Rs 14834.90 crore. Thus, FIIs stood as net sellers of Rs 4736.97 crore in equities. In the debt … Read more
Dev Information Technology is currently trading at Rs. 153.65, up by 2.00 points or 1.32% from its previous closing of Rs. 151.65 on the BSE. The scrip opened at Rs. 151.15 and has touched a high and low of Rs. 157.00 and Rs. 149.45 respectively. So far 33399 shares were traded on the counter. The … Read more
Indian benchmarks logged daily and weekly losses on Friday, weighed down by foreign outflows, slowing corporate earnings and escalating tensions in the Middle East. The NSE Nifty 50 lost about 0.2%, while S&P BSE Sensex shed 0.4% this week. They lost about 4.5% each last week as well, the worst decline since June 2022. Both … Read more
Online e-commerce platforms in the country saw sales worth over Rs 54,500 crore in the first week of the festive season, about 55 per cent of total sales projected during the next month. According to latest data from Datum Intelligence, a market research firm focused on consumer technology, the e-commerce platforms saw a 26 per … Read more
The ship recycling industry in India is expected to grow at a compound annual growth rate (CAGR) of 10 per cent by 2028, according to a new report. India accounted for 33 per cent of the global gross tonnage (GT) dismantled in CY23, second only to Bangladesh, which handled 46 per cent, according to a … Read more