Real estate remained the most preferred asset class for investment among 59 per cent of Indians in the first half this year, as 57 per cent of investors said they are buying premium properties to earn rental income, driven by surging rental rates in cities, according to a report on Friday. About 51 per cent … Read more
In a bid to create a lasting legacy that will uplift generations to come, the Adani Foundation on Friday announced a donation of Rs 100 crore towards the establishment of the Young India Skills University in Telangana. Gautam Adani, Chairman of the Adani Group, met state Chief Minister A. Revanth Reddy here, along with a … Read more
Prestige Estates Projects is currently trading at Rs. 1748.35, down by 45.55 points or 2.54% from its previous closing of Rs. 1793.90 on the BSE. The scrip opened at Rs. 1750.10 and has touched a high and low of Rs. 1774.75 and Rs. 1730.55 respectively. So far 22165 shares were traded on the counter. The … Read more
The capital spending by 21 key states is expected to moderate in FY25, growing by a modest 6.5 per cent to Rs 6.5 lakh crore, with an average GDP growth for these states projected at 11.2 per cent, an analysis by the National Stock Exchange of India (NSE) revealed on Friday. These 21 states … Read more
India's Hindustan Zinc reported a bigger-than-expected rise in second-quarter profit on Friday, helped by gains in zinc prices on prospects of stronger China demand and global supply worries, sending its shares 1.7% higher. Consolidated net profit rose about 35% from a year earlier to 23.27 billion rupees (around $277 million) in the quarter ended Sept. … Read more
The Indian rupee hit its all-time low on Friday pressured by equity outflows but managed to avert a sharp fall on account of sustained dollar sales from state-run banks, most likely on behalf of the Reserve Bank of India. The rupee closed at 84.0650 against the U.S. dollar, barely changed from its close of 84.0675 … Read more
The festive season has revived demand for the Indian auto industry as registration growth in the second week (October 10-October 16) improved for most of the segments compared to that seen in the first week of this year’s festive period, a report showed on Friday. Two-wheelers (2Ws) registered mid-single-digit growth over the second week … Read more
Indian shares snapped a three-day losing streak on Friday as gains in Axis Bank lifted heavyweight financials, although foreign fund outflows dragged down the benchmarks to a third weekly loss. The Nifty 50 index closed 0.42% higher to 24,854.05 points as of 3:30 p.m. IST, after hitting a two-month low earlier in the session, while … Read more
A team of Indian researchers on Friday revealed novel insights into the mechanisms that limit electron mobility in semiconductors. The findings, published in the journal Nano Letters, showcase a big leap forward in understanding the electronic properties of semiconductors for developing more efficient electronic devices. Scientists from Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), … Read more
The market size of the Indian chemicals and petrochemicals sector is expected to grow to approximately $300 billion by 2025, up from its current market size of $220 billion, Union Petroleum Minister Hardeep Singh Puri said on Friday. Addressing the ‘Roundtable on Petrochemical’ during the ‘India Chem 2024’, the minister said the demand for chemicals … Read more