India's fuel demand rose 2.9% in October compared with the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Wednesday. Consumption of fuel, a proxy for oil demand, totaled 20.04 million metric tons, the data showed. Sales of gasoline, or petrol, were 8.6% higher than … Read more
Indian IT industry’s apex body Nasscom on Wednesday congratulated Republican candidate Donald Trump on his victory in the US presidential polls, saying they look forward to working closely with the new US administration to strengthen the dynamic tech partnership between the two nations. The tech sector is the key to the US-India bilateral engagement. … Read more
Business software maker SAP will hire "over proportionally" in India, which will soon house its biggest workforce, overtaking the headcount in its German headquarters, CEO Christian Klein said on Wednesday. SAP Labs India currently has 15,000 employees, the most number of engineers for the company worldwide and the second-highest overall headcount. India is among SAP's … Read more
Indian industry experts on Wednesday welcomed Republican candidate Donald Trump’s resounding victory in the US election, saying they look forward to his policies being more fruitful, not only for the US but for the world economy, particularly for India. According to experts, India-US trade trajectory must expand to the next level with Trump returning … Read more
The Indian benchmark indices on Wednesday welcomed Donald Trump's convincing victory in the US presidential elections as both Sensex and Nifty gained more than 1 per cent amid heavy buying in the IT sector. The Sensex closed at 80,378.13, up 901.50 points or 1.13 per cent. On the other hand, Nifty closed at 24,484 after … Read more
Cyient DLM is currently trading at Rs. 645.10, up by 12.25 points or 1.94% from its previous closing of Rs. 632.85 on the BSE. The scrip opened at Rs. 644.70 and has touched a high and low of Rs. 660.15 and Rs. 635.00 respectively. So far 21612 shares were traded on the counter. The BSE … Read more
Indian dealers' car sales increased 32.4% in October, helped by festive demand, especially for sports utility vehicles (SUV), as well as new model launches and offers, but inventory levels remained high, a dealers' association said on Wednesday. Sales by dealers to customers rose to 483,159 units in the month from 364,991 units last year, according … Read more
Growth in India's dominant services industry picked up last month after dipping to a 10-month low rate in September amid a marked expansion in demand, according to a business survey that also showed the sector's workforce increased sharply. That signaled a relatively strong start for Asia's third-largest economy in 2024's final quarter and supports Reuters … Read more
Economic activity in India remains strong, with the agriculture and services sectors doing well, India's central bank governor said on Wednesday, commenting on fears of slowing growth. Inflation, however, remains a challenge and the next move on interest rates must be weighed carefully, Shaktikanta Das, governor of the Reserve Bank of India, said at an … Read more
There has been a 49 per cent surge in online sales during the festive season this year driven mainly by purchases from smaller cities (Tier-II and Tier-III) in the country, which account for over 60 per cent of sales, according to a report compiled by logistics intelligence platform ClickPost. The high growth comes on top … Read more