Devyani International, which operates the KFC and Pizza Hut restaurants in India, reported a bigger-than-expected rise in second-quarter revenue on Monday as it added hundreds of new stores in the country, sending its stock up about 6%. Global consumer-facing firms such as Hindustan Unilever, the Indian arm of the UK's Unilever, and McDonald's are doubling … Read more
Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and edible oil prices, a Reuters poll of economists predicted, a shade below the central bank's tolerance threshold of 6.0%. Food prices, which make up nearly half of the inflation basket, likely increased at … Read more
The FIIs as per Monday'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 9828.37 crore against gross selling of Rs 13381.82 crore. Thus, FIIs stood as net sellers of Rs 3553.45 crore in equities. In the debt … Read more
Inflows into India's equity mutual funds jumped to a record high of 418.87 billion rupees (about $5 billion) in October, rising 22% from the previous month, and partly offsetting hefty foreign outflows. Inflows into equity mutual funds continued for the 44th month in a row in October, the longest on record, with large-cap mutual funds … Read more
Indian shares closed little changed in a volatile session on Monday, as a rise in information technology and financials offset concerns over weak earnings and foreign outflows. The NSE Nifty 50 slipped 0.03% to 24,141.3 points, while the BSE Sensex inched up 0.01% to 79,496.15. The indexes swung between 0.8% gains and 0.6% losses through … Read more
Global investors are likely to find relative safety in India's financial markets from the spillover of Donald Trump's economic policies, including from any protectionist trade policies that could spark emerging market volatility. Trump's decisive election victory last week and his impending return to the White House next month has raised significant uncertainty for investors. However, … Read more
More than 8 in 10 (85 per cent) Indian industry leaders have called for major investments in quantum computing, as the country pushes for building new capabilities under the National Quantum Mission, a report said on Monday. As 75 per cent of respondents view quantum as a game-changer for India’s future, the sectors expected to … Read more
Led by enthusiasts from non-metro cities, India’s gaming sector is projected to grow to $9.2 billion by FY29 from the current $3.8 billion, according to a report on Monday. Female gamers now make up 44 per cent of the nation’s 591 million gaming population and 66 per cent of gamers were from non-metro cities, with … Read more
India leads Artificial Intelligence (AI) adoption with 30 per cent of companies in the country having maximised AI’s value potential — surpassing the global average of 26 per cent, according to a report. The report from Boston Consulting Group (BCG) showed that Indian companies prioritise fewer, high-impact AI initiatives, scaling these efforts 1.7 times more … Read more
Domestic prices of gold slipped to Rs 77,000 per 10 grams on Monday due to poor demand after the festive season ended. According to the Indian Bullion Jewelers Association (IBJA), the prices of 24-carat gold have slipped to Rs 77,030 per 10 grams. The rate of 22-carat gold is Rs 75,180 per 10 grams and … Read more