Adani Green Energy Ltd (AGEL) and Adani Energy Solutions Ltd on Tuesday said they have joined the Utilities for Net Zero Alliance (UNEZA) to help India accelerate the adoption of renewables and overcome common barriers in the realisation of global Net Zero ambitions. AGEL in the renewable energy sector and AESL in transmission and distribution … Read more
As Indian firms embrace artificial intelligence (AI) to redefine operations, they are increasingly recognising the benefits of hiring global talent to expand into new geographies, a report showed on Tuesday. About 88 per cent of organisations are open to global hiring which includes 96 per cent among C-suite roles, 98 per cent among seed/start-up businesses … Read more
The organised retail apparel sector in India is projected to see 8-10 per cent revenue growth this fiscal, riding on higher demand stemming from a normal monsoon, easing inflation, festive and wedding season and increasing preference for fast fashion, a report showed on Tuesday. Retailers in the country are adjusting business strategies, enhancing supply chain … Read more
The bilateral trade between India and the United Arab Emirates (UAE) is on track to surpass the $100 billion target well before 2030, underscored by a notable 12.7 per cent (year-on-year) increase, according to a report on Tuesday. The UAE remains India's third-largest trading partner and second-largest export destination (FY2022-23). According to a report by … Read more
Baazar Style Retail is currently trading at Rs. 381.90, up by 20.85 points or 5.77% from its previous closing of Rs. 361.05 on the BSE. The scrip opened at Rs. 360.60 and has touched a high and low of Rs. 384.80 and Rs. 359.20 respectively. So far 162485 shares were traded on the counter. The … Read more
India’s tech startup ecosystem secured $7.6 billion funding in the nine months this year, along with witnessing six new unicorns, a massive 500 per cent increase compared to just one unicorn in 2023, a report showed on Tuesday. The initial public offering (IPO) numbers have surged, with 29 tech companies going public in 2024 (year … Read more
The FIIs as per Tuesday's data were net buyers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 13964.95 crore against gross selling of Rs 11933.23 crore. Thus, FIIs stood as net buyers of Rs 2031.72 crore in equities. In the debt … Read more
The vision of Prime Minister Narendra Modi around frontier technologies like artificial intelligence (AI), semiconductors and quantum will propel the country towards becoming Viksit Bharat by 2047, Sandip Patel, MD, IBM India and South Asia, said on Tuesday. Speaking to IANS on the sidelines of the tech company’s event in the financial capital, Patel said … Read more
The biopharma sector has emerged as a critical component of the country's bioeconomy, contributing to 49 per cent of India's biotechnology output, according to a report on Tuesday. The report offers a comprehensive analysis of India's biopharma sector, showcasing its exponential growth and emergence as a major global player in bioeconomy. "India's biopharma sector … Read more
The Indian economy is projected to grow faster at 7.1 per cent this fiscal (FY25), Moody’s Analytics said on Tuesday, as the country continues to remain resilient amid global uncertainties. In its new Asia Pacific outlook, the global credit ratings kept the country’s growth forecast unchanged at 6.5 per cent for 2025 while projecting faster … Read more