The government has been working tirelessly under the leadership of Prime Minister Narendra Modi to create an ecosystem that is conducive to growth of businesses and, in particular, startupsj Speaking at an event during the ‘ITU-WTSA 2024’ in the national capital, the minister said “we are at a pivotal point where emerging technologies are converging … Read more
Mankind Pharma on Wednesday said it has completed the acquisition of Bharat Serums and Vaccines Limited (BSV) for Rs 13,768 crore. The acquisition will position Mankind Pharma as a market leader in the Indian women's health and fertility drug market, alongside access to other high entry barrier products in critical care segment with established complex … Read more
Indian shares will likely open marginally higher on Thursday, after three sessions of losses on persistent foreign outflows and dull earnings, while consumer major Hindustan Unilever may drop on smaller-than-expected September quarter profit. The Gift Nifty was trading at 24,540.5 as of 08:01 a.m. IST, indicating that the benchmark Nifty 50 will open slightly above … Read more
Asian shares fell on Thursday, while the dollar held near three-month highs and U.S. yields rose as uncertainty over the U.S. election outcome kept markets on edge, though Tesla's forecast-topping earnings provided some comfort for investors. The combination of higher U.S. Treasury yields, U.S. election uncertainty and growing bets the Federal Reserve may be more … Read more
Oil prices climbed by more than 1% on Thursday, almost reversing previous session's losses, as Middle East tensions came back into focus ahead of the U.S. election despite a mixed bag of U.S. fuel inventories. Brent crude futures rose 95 cents, or 1.27% to $75.91 at 0302 GMT, while U.S. West Texas Intermediate crude futures … Read more
The potential economic impact of artificial intelligence (AI) is immense and AI adoption can generate Rs 33.8 lakh crore of economic value in the country by 2030, Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said on Wednesday. Addressing an event in the national capital, Minister Puri underscored the pivotal role of … Read more
Gold prices drifted higher on Thursday, as safe-haven demand countered a firmer dollar, while palladium hit a more than one-month peak. Spot gold rose 0.3% to $2,725.51 per ounce by 0143 GMT. Prices hit a record high of $2,758.37 on Wednesday as U.S. election jitters and Middle East tensions boosted demand. U.S. gold futures gained … Read more
The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency. The dollar index, which measures the currency against six rivals including the euro and yen, stood at … Read more
A panel discussion of the country's leading businesswomen at the ‘NDTV World Summit 2024’ highlighted the vital role of women workforce in fostering a better future, creating a new paradigm of leadership and also breaking new benchmarks on the global stage. The panel included leading Indian businesswomen such as Kami Viswanathan, President of FedEx Middle … Read more
The FIIs as per Wednesday's data were net sellers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 16350.73 crore against gross selling of Rs 20178.06 crore. Thus, FIIs stood as net sellers of Rs 3827.33 crore in equities. In the debt … Read more