After a sideways start, the Indian benchmark indices gained momentum this week after a surprise 50 bps rate cut by the US Fed Reserve, as Sensex crossed 84,000 for the first time and Nifty hit a new all-time high. As per market watchers, the apprehension of a slowdown in growth was eased slightly after the … Read more
India and Brazil have reinforced their commitment to strengthen existing collaboration in the energy sector, including Indian upstream investment, mutually beneficial relationship in bilateral trade and cooperation in sustainable fuels, particularly biofuels, it was announced on Saturday. During his three-day visit to Brazil from September 19-21, Minister of Petroleum and Natural Gas, Hardeep Singh Puri, … Read more
Adani Total Gas Ltd (ATGL) on Friday said it has secured the largest global financing in the city gas distribution business, at $375 million, which will help the company cater to over 200 million people, covering 14 per cent of India's population. The maiden financing, executed with international lenders, includes an initial commitment of $315 … Read more
Household consumption is poised to grow faster in the second quarter of the current fiscal (FY25) as headline inflation eases, with a revival of rural demand already taking hold, the Reserve Bank of India (RBI) said on Friday. Private consumption and gross fixed investment were robust in India and net exports remained sequentially positive in … Read more
The FIIs as per Friday'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 18788.78 crore against gross selling of Rs 18378.25 crore. Thus, FIIs stood as net buyers of Rs 410.53 crore in equities. In the debt … Read more
The share of renewable energy, including hydro, in the country’s power generation is projected to rise to 35 per cent by FY30, up from 21 per cent in FY24, a report showed on Friday. According to ratings agency ICRA, achieving the renewable purchase obligation (RPO) target of 43.3 per cent by FY30 will require more … Read more
Tata Motors is currently trading at Rs. 969.60, up by 2.30 points or 0.24% from its previous closing of Rs. 967.30 on the BSE. The scrip opened at Rs. 969.95 and has touched a high and low of Rs. 977.50 and Rs. 950.05 respectively. So far 1184096 shares were traded on the counter. The BSE … Read more
The number of digital payment transactions volume in India surged from 2,071 crore in fiscal 2017-18 to 18,737 crore in fiscal 2023-24 at a compounded annual growth rate (CAGR) of 44 per cent, the government said on Friday. Furthermore, during the last five months (April-August) of the current financial year 2024-25, the transaction volume … Read more
The retail inflation rate for farm and rural workers fell to 5.96 per cent and 6.08 per cent, respectively, in August compared to 6.17 per cent and 6.20 per cent registered in July, the government said on Friday. The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) registered an increase … Read more
It was a historic day for Indian equity indices on Friday as Sensex, Nifty, and Nifty Bank closed at an all-time high. At closing, Sensex was up 1,359 points, or 1.63 per cent, at 84,544 and Nifty was up 375 points, or 1.48 per cent, at 25,790. Nifty Bank was up 755 points, or 1.42 … Read more