Over eight out of 10 (83.6 per cent) stockbrokers in India plan to increase their IT budgets in 2024-25, with 41.8 per cent targeting a 20 per cent rise, according to a report on Friday. The Association of National Exchanges Members of India Western region (ANMI-WIRC)'s 'StockTech Survey 2024-25' revealed that stockbrokers continue to focus … Read more
Mumbai and Delhi have been ranked among top 5 Asia-Pacific prime-residential markets to record higher annual price growth, according to a report on Friday, as India was cited among the emerging markets in Asia-Pacific, along with Vietnam and Thailand, to experience significant growth. Mumbai ranked third on the annual prime residential price growth index for … Read more
India is among the top ten countries in Artificial Intelligence (AI) readiness, and the country holds immense potential for public sector transformation through AI, according to a report. "Readiness" for AI refers to an economy’s ability to effectively implement and integrate AI. The report by Boston Consulting Group (BCG) based on data from 73 … Read more
Driven by rising disposable incomes and greater internet penetration in smaller towns, the Indian tech and durable offline retail market registered a 10 per cent value growth (year-on-year) in the January-September period this year, according to a report on Friday. Smaller cities are emerging as key growth engines for India’s tech and durable market and … Read more
India's business activity surged to a three-month high in November, driven by robust growth in the services sector and record job creation, according to the HSBC survey for the month. "Services saw a pick-up in growth, while the manufacturing sector managed to outperform expectations despite a marginal slowdown from its October final PMI reading," observed … Read more
Driven by rising disposable incomes and greater internet penetration in smaller towns, the Indian tech and durable offline retail market registered a 10 per cent value growth (year-on-year) in the January-September period this year, according to a report on Friday. Smaller cities are emerging as key growth engines for India’s tech and durable market and … Read more
Nearly seven in 10 (68 per cent) of Asia Pacific investors expect regional economic growth to have a positive impact and India is likely to see heightened institutional real estate investments in 2024, with the momentum accelerating further in 2025, according to a report on Friday. The share of APAC countries in overall institutional investments … Read more
The Indian stock market opened in green on Friday amid fresh tensions between Russia and Ukraine, as buying was seen in PSU bank, and realty sectors. In early trade at around 9:41 am, Sensex was trading at 77615.50 after gaining 459.71 points or 0.60 per cent, while the Nifty was at 23,489.75 after gaining 139.85 … Read more
Hyundai Motor said on Friday it has showcased the Ioniq 9, the company's first large electric SUV at the Los Angeles Auto Show, along with over 40 other models. The Ioniq 9 is set to launch in early 2025, starting in South Korea, followed by rollouts in the United States, Europe and other regions. For … Read more
The NPTC Green Energy Ltd (NGEL) on Thursday signed a joint venture with the New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) to set up renewable energy projects worth Rs 2 lakh crore in the state, Andhra Pradesh Chief Minister N. Chandrababu took to ‘X’ to reveal that NGEL has entered the joint … Read more