The Indian stock market remained in red for the sixth consecutive session on Thursday as selling was seen in the PSU bank, pharma, FMCG and metal sectors. Sensex closed at 77,580.31 after dropping 110.64 points or 0.14 per cent and Nifty closed at 23,532.70 after a marginal decline of 26.35 points or 0.11 per cent. … Read more
Black Box Ltd, Essar’s technology arm, has unveiled an ambitious growth strategy focused on India, aiming to position itself as a strategic partner for global technology companies expanding into the region. During its recent investor call, Black Box reported strong Q2 FY25 financial results and discussed long-term plans to leverage its expertise in supporting large-scale … Read more
The $4.9 billion India’s IT-flexi staffing industry is poised for a steady 7 per cent annual growth through FY 2024-FY 2026, according to a report on Thursday. The Indian IT-flexi staffing market currently has a workforce of 597,000. Global capability centres (GCCs) demonstrate a higher penetration rate in IT-flexi staffing (8.2 per cent) compared to … Read more
India’s inflation rate, based on the Wholesale Price Index (WPI), rose to 2.36% in October this year, compared to the same month of the previous year on the back of higher food prices, figures released by the Commerce and Industry Ministry on Thursday showed. Inflation in October has risen from 1.84 per cent in September, … Read more
The venture debt market in India is steadily growing, mirroring the early days of venture capital, particularly in the emerging startup sectors such as fintech and electric vehicles (EVs), a report showed on Thursday. Indian founders are increasingly turning to venture debt to bridge funding gaps and avoid excessive equity dilution, according to the report … Read more
India's gross domestic product could soon become larger than Japan's, making it the world’s fourth-largest economy, according to a Japanese media report on Thursday. The article, published in Japan Times, is based on discussions with some economists from Japan including Marcel Thieliant, head of Asia-Pacific for Capital Economics. "Based on our existing forecasts, we had … Read more
Kronox Lab Sciences is currently trading at Rs. 161.45, up by 0.60 points or 0.37% from its previous closing of Rs. 160.85 on the BSE. The scrip opened at Rs. 161.90 and has touched a high and low of Rs. 166.65 and Rs. 160.00 respectively. So far 29103 shares were traded on the counter. The … Read more
India's Hindustan Aeronautics Ltd (HAL) reported a 22.1% rise in second-quarter profit on Thursday, aided by demand for its aircraft from the country's defence ministry. The state-owned fighter jet manufacturer and maintenance firm's consolidated net profit rose to 15.1 billion rupees ($178.89 million) in the three months ended Sept. 30, from 12.37 billion rupees a … Read more
Foreigners have sold 82.1 billion rupees ($973 million) of Indian government bonds, which are part of the JPMorgan index, so far in November, according to clearing house data on Thursday. A rise in U.S. yields along with a stronger dollar have driven the selling, traders and analysts said. They expect the outflows to persist until … Read more
India's central bank should cut interest rates to boost economic growth and look through food price while deciding on monetary policy, the trade minister said, the first time a government minister has backed calls to re-examine the nation's inflation targeting framework. "I certainly believe they (central bank) should cut interest rates. Growth needs a further … Read more