The India IT services market grew 6.1 per cent year-over-year (YoY) to reach $14.5 billion in 2023 despite slower IT investment recovery, according to a new report on Monday. While IT investments showed a slower recovery compared to the previous year, digital transformation (DX) initiatives and the increasing complexity of IT environments will continue to … Read more
Andhra Pradesh Minister for Information Technology, Electronics & Communications, and Human Resources Development, Nara Lokesh, has pitched Anantapur as the perfect spot for Tesla’s EV and battery units. The minister, who is currently on a visit to the United States, visited Tesla headquarters in Austin. Lokesh shared on X that he had an inspiring discussion … Read more
The inauguration of the C-295 aircraft manufacturing facility here has reinforced India's position as a trusted partner in global aerospace manufacturing, Prime Minister Narendra Modi said on Monday, adding that ‘Made in India’ Tata-Airbus C-295 aircraft will also be exported in the future. Inaugurating the Tata Aircraft Complex at Tata Advanced Systems Limited (TASL) in … Read more
Real estate developers in India raised Rs 12,801 crore via qualified institutional placements (QIPs) in the first nine months this year, which is over 17 per cent of the total QIP issuance across sectors at Rs 75,923 crore, a report showed on Monday. After renewable energy, real estate came in second highest among sectors to … Read more
Indian rupee strengthened marginally against the US dollar on Monday, despite a firmer American currency and rise US Treasury yields ahead the outcome of the upcoming US presidential election on November 5. Meanwhile, firm domestic equities, weak crude oil prices and intervention by the Reserve Bank of India have also supported rupee at lower levels. … Read more
The finance ministry has said that the government has doubled the loan limit under the Pradhan Mantri Mudra Yojana (PMMY) to Rs 20 lakh to promote entrepreneurship in the country. This increase aspires to further the overall objective of the Mudra Scheme which is funding the unfunded. This enhancement is specifically beneficial to upcoming entrepreneurs … Read more
Eicher Motors is currently trading at Rs. 4623.55, up by 35.00 points or 0.76% from its previous closing of Rs. 4588.55 on the BSE. The scrip opened at Rs. 4562.05 and has touched a high and low of Rs. 4646.80 and Rs. 4535.00 respectively. So far 1993 shares were traded on the counter. The BSE … Read more
Investments in India by Swiss companies such as engineering group ABB and transport firm Kuehne+Nagel are on the rise, with a $100 billion regional trade deal expected to further open it up to businesses long geared towards China. India's appeal has already reflected a broader shift among businesses in Europe eager to balance the costs … Read more
Fintech company slice and North East Small Finance Bank (NESFB) on Monday announced a successful completion of their merger, following the shareholder and regulatory approvals. The deal is the first-of-its-kind, with a new-age finance company stepping in to rescue a licenced bank. This merger unifies the operations, assets and brand identities of both entities into … Read more
NTPC is currently trading at Rs. 402.05, up by 3.20 points or 0.80% from its previous closing of Rs. 398.85 on the BSE. The scrip opened at Rs. 398.85 and has touched a high and low of Rs. 405.95 and Rs. 398.80 respectively. So far 32938 shares were traded on the counter. The BSE group … Read more