Indian equity markets are witnessing a robust performance, with the Sensex up by 666 points and the Nifty surpassing the 26,000 mark, closing at 85,836 and 26,216, respectively. Intraday, Sensex and Nifty hit new all-time highs of 85,930 and 26,250, respectively. In the Sexsex pack, Maruti Suzuki, Tata Motors, Bajaj Finserv, M&M, Tata Steel, … Read more
The upcoming 50 pharma manufacturing plants in the production-linked incentive (PLI) scheme will be completed in the next two years, the Centre informed on Thursday. According to Dr. Arunish Chawla, Secretary, Department of Pharmaceuticals, more than 50 new greenfield manufacturing plants for pharmaceuticals and medical devices have already been completed. “The PLI plants have catalysed … Read more
India is on the cusp of a transformative era in its pharmaceutical sector which is projected to reach $130 billion by 2030, a report showed on Thursday. The world's third-largest drug producer by volume, India is currently exporting pharmaceutical products to over 200 countries, establishing its influence in the global pharmaceutical arena, according to a … Read more
The Mumbai Metropolitan Region Development Authority (MMRDA) has secured a major loan of Rs 31,673.79 crore from the Power Finance Corporation (PFC) to finance nine crucial infrastructure projects that will transform Mumbai Metropolitan Region's (MMR) transportation landscape. A formal loan agreement was signed between PFC and MMRDA on Wednesday, marking the financial closure of … Read more
Driven by the production-linked incentive (PLI) scheme, the overall production of electronics in the country has surged to Rs 9.52 lakh crore, from Rs 1.9 lakh crore 10 years back, growing at a compound annual growth rate (CAGR) of 17.4 per cent, the government has informed. India has reached Rs 6.61 lakh crore in total … Read more
HDFC Asset Management Company (AMC) has announced addendum to the Scheme Information Document (SID), Key Information Memorandum (KIM) of Schemes and Statement of Additional Information (SAI) of HDFC Mutual Fund. HDFC Mutual Fund has informed that provisions in Scheme Information Documents (SIDs) / Key Information Memorandums (KIMs) of HDFC Gold Fund, HDFC Gold Exchange Traded … Read more
Bharti Airtel is currently trading at Rs. 1764.35, up by 3.90 points or 0.22% from its previous closing of Rs. 1760.45 on the BSE. The scrip opened at Rs. 1764.90 and has touched a high and low of Rs. 1778.95 and Rs. 1746.25 respectively. So far 589634 shares were traded on the counter. The BSE … Read more
Mahindra & Mahindra Financial Services is currently trading at Rs. 337.90, up by 5.60 points or 1.69% from its previous closing of Rs. 332.30 on the BSE. The scrip opened at Rs. 334.00 and has touched a high and low of Rs. 339.70 and Rs. 328.10 respectively. So far 193412 shares were traded on the … Read more
India marked 10 years of 'Make in India' initiative, which was launched on September 25, 2014. The initiative was conceived during a period when India's economic growth had sharply declined, and the country faced critical challenges in sustaining its development trajectory. Against this backdrop, ‘Make in India’ was designed to transform India into a global … Read more
Crisil Ratings in its latest report has said that India’s natural diamond polishing industry is poised to see a decline in revenue to a decadal low of around $12 billion during the current financial year (FY25). It said that the decline in revenues will be mainly on account of three reasons – muted demand in … Read more