The Digital India movement is the foundation for moving towards a Viksit Bharat, said Sandip Patel, Managing Director of IBM India. In an interview with IANS, Patel said the country is witnessing this with the government’s significant investments in frontier technologies like AI, semiconductors, and quantum technologies. Here are some excerpts from the interview: … Read more
The country is set to see a two-fold increase in container handling capacity in the next five years to reach 40 million 20-foot equivalent units (TEUs), creating two million job opportunities across the country, the government said on Wednesday. Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, said that Jawaharlal Nehru Port Authority (JNPA) alone … Read more
As global investors' confidence grows in the Indian stock market, GIFT Nifty has set an all-time high open interest of $20.84 billion (on September 24), surpassing its previous record of $18.50 billion, it was announced on Wednesday. GIFT Nifty, which stands as a new benchmark to the growth story of Indian equity market, saw open … Read more
Women’s representation in India Inc remains stable and the banking, financial services and insurance (BFSI) sector leads when it comes to ‘women in leadership’ roles, a report said on Wednesday. In the BFSI segment, 24.5 per cent of corporate executives are women, followed by FMCG which has 21.5 per cent women at the leadership levels, … Read more
The FIIs as per Wednesday's data were net sellers in equity segments, while net buyers in debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 22005.49 crore against gross selling of Rs 23459.58 crore. Thus, FIIs stood as net sellers of Rs 1454.09 crore in equities. … Read more
Indian tourists are rapidly emerging as a significant growth engine for global tourism, with a 12 per cent growth in the first half of this year, compared with the same period in 2019 before the pandemic, according to a report on Wednesday. The picture is even brighter when it comes to foreign exchange earnings (FEE), … Read more
India equity indices closed at a record high on Wednesday following positive cues from global markets. At closing, Sensex was up 255 points, or 0.30 per cent, at 85,169 and Nifty was up 63 points, or 0.25 per cent, at 26,004. It is the first time that the Nifty closed above the 26,000 mark. Intraday, … Read more
Indian rupee strengthened marginally against the US dollar on Monday, tracking firm domestic equities and a massive inflow of foreign funds into capital markets. On Friday, Foreign Institutional Investors (FIIs) purchased shares worth Rs 14,064.05 crore, exchange data showed. Meanwhile, the Reserve Bank data showed India's forex reserves rose by $223 million to a new … Read more
Degree of returns, regularity of returns, and tax benefits are the significant factors influencing post-Covid investment decisions, according to a report on Monday. The report, jointly made by the PHD Research Bureau, PHD Chamber of Commerce and Industry, and Jagan Institute of Management Studies (JIIMS), Rohini, aims to analyse the factors influencing individual investments across … Read more
The Reserve Bank of India’s (RBI) in its latest data has indicated that India's net foreign direct investment (FDI) rose to $5.5 billion during the April-July period of the current financial year (FY25) as compared to $3.8 billion in the same period last year. The gross inward FDI grew by 23.6 per cent year-on-year to … Read more