The mobility sector in the emerging markets of South and Southeast Asia could absorb up to $1.3 trillion in green capital by 2030 and India holds the future, a new report said on Friday. In India, electric scooters and three-wheelers are currently around $40- $112 cheaper per year to own than petrol alternatives based on … Read more
As India doubles down on electrification to connect more rural areas, Adani Energy Solutions Ltd (AESL) — with its diversified portfolio that includes transmission assets, distribution assets and a smart metering business — is poised to not only see robust growth over the next four years but also continue to outgrow peers for at least … Read more
Power Grid Corporation Of India is currently trading at Rs. 341.00, up by 6.10 points or 1.82% from its previous closing of Rs. 334.90 on the BSE. The scrip opened at Rs. 337.30 and has touched a high and low of Rs. 342.85 and Rs. 334.65 respectively. So far 475291 shares were traded on the … Read more
Wagon makers in the country are on track to achieve 20 per cent growth in revenue this fiscal, riding on healthy order book, a report showed on Friday. Logistics cost accounts for 14 per cent of India’s gross domestic product, significantly higher than 8-10 per cent in the US and some European countries. To bridge … Read more
Edtech firm Physics Wallah (PW) on Friday said it has secured $210 million in its Series B funding round, which takes the company’s valuation to $2.8 billion. The funding round was led by Hornbill Capital, with significant participation from Lightspeed Venture Partners, and existing investors GSV and WestBridge. Physics Wallah said it will use the … Read more
Finance Minister Nirmala Sitharaman has said that the banking sector will have to play a crucial role in driving the agenda of making India a developed nation or Viksit Bharat by 2047. She also said banks will be required to give strong momentum to the infrastructure sector, ensure the availability of need-based funding to MSMEs, … Read more
Unitech is currently trading at its upper limit of Rs. 10.97, up by 0.52 points or 4.98% from its previous closing of Rs. 10.45 on the BSE. The scrip opened at Rs. 10.56 and has touched a high and low of Rs. 10.97 and Rs. 10.32 respectively. So far 4637877 shares were traded on the … Read more
Indian rupee strengthened against the US dollar on Friday, on weaker dollar following by the first interest rate cut by Federal Reserve since early 2020. The US Federal Reserve cut its benchmark interest rates by half a percentage point or 50 basis points, amid signs that inflation was moderating and the labor market was weakening. … Read more
The commerce ministry data has said that the country's readymade garment exports (RMG) in August rose by about 12 per cent to $1.26 billion despite global headwinds and challenges such as high logistic cost. Cumulatively, RMG exports during the April-August period of 2024-25 grew by 7.12 per cent to $6.39 billion. Apparel Export Promotion Council … Read more
Indian equity indices opened in green on Friday following positive cues from Asian and US markets. At 9.46 a.m., Sensex was up 82 points or 0.10 per cent at 83,267 and Nifty was up 40 points or 0.16 per cent at 25,455. Buying was also seen in the midcap and smallcap stocks. Nifty midcap 100 … Read more