India's benchmark indexes are likely to open higher on Thursday, tracking a rebound in Asian peers after a steep sell-off in the previous session. The GIFT Nifty was trading at 25,362.5 points, as of 8:03 a.m. IST, indicating that the NSE Nifty 50 index will open above its previous close of 25,198.7 points. The benchmark … Read more
The Indian textile industry has the potential to become a $300 billion industry by 2030, with $100 billion coming from exports, the government said on Wednesday. The Indian textile industry is currently estimated to be worth $175 billion, including exports of $38-40 billion. According to Pabitra Margherita, Minister of State of Textiles and External Affairs, … Read more
Lupin is currently trading at Rs. 2274.10, up by 35.00 points or 1.56% from its previous closing of Rs. 2239.10 on the BSE. The scrip opened at Rs. 2220.75 and has touched a high and low of Rs. 2286.25 and Rs. 2205.25 respectively. So far 17884 shares were traded on the counter. The BSE group … Read more
Indian equity indices closed in the red on Wednesday due to negative global sentiments. At closing, Sensex was down 202 points, or 0.25 per cent, at 82,352 and Nifty was down 81 points, or 0.32 per cent, at 25,198. The biggest impact of the decline was seen in banking and IT stocks. Nifty Bank closed … Read more
The Centre on Wednesday approved the Centralised Pension Payments System (CPPS) that will benefit more than 78 lakh people under the Employee Pension Scheme (EPS), which is part of the Employees' Provident Fund Organisation (EPFO). Dr Mansukh Mandaviya, Union Minister of Labour and Employment, said that EPS pensioners can get pension from any bank, any … Read more
Dalmia Bharat is currently trading at Rs. 1918.10, up by 4.25 points or 0.22% from its previous closing of Rs. 1913.85 on the BSE. The scrip opened at Rs. 1904.35 and has touched a high and low of Rs. 1927.70 and Rs. 1899.60 respectively. So far 5688 shares were traded on the counter. The BSE … Read more
India’s prestigious Indian Institute of Technology is steadily spreading its wings to become the new export from India. In less than a year of opening its first offshore campus in Tanzania’s Zanzibar, the institute this week opened its second in Abu Dhabi, UAE. While the Zanzibar campus was part of IIT Madras, the new campus … Read more
Relicab Cable Manufacturing is currently trading at Rs. 149.70, up by 1.30 points or 0.88% from its previous closing of Rs. 148.40 on the BSE. The scrip opened at Rs. 148.50 and has touched a high and low of Rs. 150.00 and Rs. 148.00 respectively. So far 88693 shares were traded on the counter. The … Read more
Indian rupee strengthened against the US dollar on Wednesday, supported by weakening American currency overseas and after a sharp drop in crude oil prices on tepid global demand. Moreover, strong foreign fund inflows has also supported rupee sentiments. Foreign Institutional Investors were net buyers in the capital markets on Tuesday, as they purchased shares worth … Read more
India's financial sector is growing at a rapid pace as fintech startups have grown by about five times in the past three years, according to a report. The growth has been from 2,100 in 2021 to 10,500 in 2024. JM Financial said in a report: "At present time, India has 26 fintech unicorns with an … Read more