Enterprises expect an average boost of 15 per cent in productivity from their current artificial intelligence (AI) projects, with some even anticipating up to 40 per cent gains, a report said on Tuesday. However, only two per cent of organisations are ready across all five key dimensions: talent, strategy, governance, data, and technology, according to … Read more
The FIIs as per Tuesday'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 14100.27 crore against gross selling of Rs 16209.47 crore. Thus, FIIs stood as net sellers of Rs 2109.20 crore in equities. In the debt … Read more
The total quantum of gold being held by India's central bank in its foreign exchange reserves rose by the end of September, while the proportion of the yellow metal held domestically also jumped sharply, according to a half-year forex reserves management report on Tuesday. As of end-September, the Reserve Bank of India (RBI) held 854.73 … Read more
India's Adani Enterprises reported a more than seven-fold surge in second-quarter profit on Tuesday, as higher demand in its renewable energy division overshadowed weakness in the mainstay coal trading segment. The ports-to-power Adani Group's flagship firm posted a consolidated net profit of 17.42 billion rupees ($207.20 million) for the quarter ended Sept. 30, up from … Read more
India's equity market closed in the green on Tuesday as heavyweights like ICICI Bank and SBI led the gains. At Closing, Sensex was up 363 points or 0.45 per cent at 80,369 and Nifty 50 was up 127 points or 0.52 per cent at 24,466. Banking stocks drove a rally. Nifty Bank was up 1,061 … Read more
As India continues to break all previous records on local mobile manufacturing, tech giant Apple is on course to surpass the FY24 figures of exports from India, reaching over Rs 50,000 crore (more than $6 billion) in the first six months this fiscal (FY25), according to latest industry data. The iPhone exports from India surged … Read more
India bucked the global trend of decline in VC investment during the third quarter of 2024, with significant raises by consumer-focused businesses, according to a report on Tuesday. VC investment in India remained solid at $3.6 billion in the quarter, helped by a number of raises by consumer-focused businesses, according to the KPMG Private Enterprise’s … Read more
ICICI Bank is currently trading at Rs. 1310.70, up by 18.05 points or 1.40% from its previous closing of Rs. 1292.65 on the BSE. The scrip opened at Rs. 1300.00 and has touched a high and low of Rs. 1314.15 and Rs. 1299.70 respectively. So far 113724 shares were traded on the counter. The BSE … Read more
Tata Consultancy Services (TCS) on Tuesday announced a 15-year deal with Ireland’s Department of Social Protection (DSP) to provide digital solutions for the automatic enrolment of nearly 800,000 workers in that country. Building on its experience of delivering similar national programmes, TCS will partner with the DSP to launch Ireland’s 'Auto Enrolment Pensions Scheme’, providing … Read more
Indian rupee was trading flat against the US dollar on Tuesday, pressured by sluggish domestic equities and persistent foreign fund outflows from Indian capital market. Foreign institutional investors (FIIs) were net sellers in the capital markets on Monday, as they offloaded shares worth Rs 3,228.08 crore, exchange data showed. Investors are cautious ahead of the … Read more