Indian shares will likely open marginally higher on Wednesday, after two straight days of losses on persistent foreign outflows and dull earnings, while Paytm will be in focus after getting approval to onboard new unified payment interface (UPI) users. The Gift Nifty was trading at 24,539 as of 08:00 a.m. IST, indicating that the benchmark … Read more
M-League, India’s leading gaming conglomerate, has announced its financial results for FY24, reporting a 22% rise in total income to $130 million. The company has also achieved break-even with an Adjusted EBITDA of $0.2 million. This growth is despite M-League absorbing headwinds associated with higher GST rates in its India operations. M-League’s portfolio includes Mobile … Read more
Muthoot FinCorp ONE, the all-in-one digital platform from Muthoot FinCorp Ltd., is revolutionising financial management by seamlessly integrating lending, investments, savings, insurance and payments into its one customer-friendly platform, Muthoot FinCorp Ltd said on Tuesday. Beyond traditional gold loans, Muthoot FinCorp ONE offers a diverse range of financial products including from its group companies. These … Read more
Shishir Priyadarshi, President of Chintan Research Foundation on Tuesday said that India's growth in renewable energy is quite phenomenal. Talking to IANS, Shishir Priyadarshi said, "India had phenomenal growth as far as renewable energy is concerned. I will give you just two statistics. In 2013, our total power generation was about 220 to 230 … Read more
Indian shares posted their biggest single-day drop in about three weeks on Tuesday, weighed down by slowing corporate earnings and sustained foreign selling. The NSE Nifty 50 fell 1.25% to 24,472.1, while the BSE Sensex shed 1.15% to 80,220.72. Both the benchmarks gained about 0.4% each in the first hour of trade before reversing gains, … Read more
India’s data centre operational capacity is projected to more than double to 2,000-2,100 MW by FY27 from 950 MW in FY24, involving an investment in the range of Rs 50,000-Rs 55,000 crore, a report said on Tuesday. The data centre capacity in India is dominated by a few players like NTT Global Data Centers, STT … Read more
A panel discussion of the country's leading businesswomen at the NDTV World Summit 2024 on Tuesday, 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 Swaminath, President … Read more
India’s growth story remains intact as its fundamental drivers – consumption and investment demand – are gaining momentum, the RBI Governor Shaktikanta Das has stressed, adding that the country is likely to see real GDP growth at 7.2 per cent for FY 2024-25. Prospects of private consumption, the mainstay of aggregate demand, look bright on … Read more
Bajaj Housing Finance is currently trading at Rs. 137.70, up by 1.15 points or 0.84% from its previous closing of Rs. 136.55 on the BSE. The scrip opened at Rs. 140.70 and has touched a high and low of Rs. 142.30 and Rs. 136.60 respectively. So far 1568751 shares were traded on the counter. The … Read more
Finance Minister Nirmala Sitharaman has said that India is poised to continue its sustained growth trajectory and enhance its contribution to global growth significantly. She also noted that at the current rate, India is likely to be the world's third-largest economy by 2027. While addressing the Roundtable on 'Investment Opportunities in India' at the New … Read more