Indian shares are set to open flat on Monday, as investor sentiment remained tepid due to sustained foreign selling and lacklustre corporate quarterly earnings. The Gift Nifty was trading at 24,222, as of 07:37 a.m. IST, indicating that the benchmark Nifty 50 will open near Friday's close of 24,180.8. The Nifty 50 and BSE Sensex … Read more
The major initiatives undertaken in the science and technology sectors by the Prime Minister Narendra Modi-led government is aimed at realising "Viksit Bharat", said Union Minister Dr. Jitendra Singh on Sunday. Speaking to the media, Singh laid out the government’s bold and strategic "science push" which includes the launching of a Rs 1,000 crore venture … Read more
The number of crorepati taxpayers in India increased five times to 2.2 lakh in the income tax assessment year (AY) 2024, compared to AY 2014, according to a new report. In the last 10 assessment years, while the total number of taxpayers increased by 2.3 times to 8.62 crore in AY24, the growth is … Read more
India will need more formal and quality jobs to ensure better income distribution as it becomes a $5 trillion economy in the medium term and advances toward its long-term goal of embodying Viksit Bharat or a fully developed nation by 2047, according to a new report. The government’s focus on expanding the manufacturing sector is … Read more
Prime Minister Narendra Modi, along with his Spanish counterpart Pedro Sanchez, will inaugurate the Tata Advanced Systems Ltd's (TASL) Tata Aircraft Complex, which will produce the C-295 military tactical transport aircraft, in Gujarat's Vadodara on Monday. TASL will produce 40 C-295 aircraft in this factory, which will be the first private assembly line for military … Read more
Market outlook for next week will depend upon the next set of July-September quarter results for fiscal 2024-25 (Q2FY25), the scheduled monthly derivates expiry, FII activities, geopolitical tensions, US Presidential election polls and global and domestic macroeconomic data, as per experts. Last week, the benchmark indices fell as sharp selling across all the sectors. Profit … Read more
The Union government is set to launch BRIC – National Agri-Food Biomanufacturing Institute (BRIC-NABI), at Mohali in Punjab, in a bid to strengthen India’s capabilities in agricultural biotechnology and bioprocessing. The new institute, to be inaugurated on October 28, will focus on developing high-yield crops. It also aims to produce sustainable biomanufacturing technologies, and value-added … Read more
Vegetable prices in the retail markets of West Bengal, especially those in the state capital of Kolkata, have skyrocketed on the last Sunday before the festivities of Kali Puja and Diwali next week. It is apprehended that the prices of vegetables will escalate further next week for two reasons: the first being heavy demand … Read more
The Union government is set to launch BRIC – National Agri-Food Biomanufacturing Institute (BRIC-NABI), at Mohali in Punjab, in a bid to strengthen India’s capabilities in agricultural biotechnology and bioprocessing. The new institute, to be inaugurated on October 28, will focus on developing high-yield crops. It also aims to produce sustainable biomanufacturing technologies, and value-added … Read more
The cumulative foreign portfolio investor (FPI) selling in equity through the Indian stock exchanges stood at Rs 102,931 crore (till October 24), as the market remained resilient. Last week, FPIs pulled out Rs 20,024 crore from Indian equities as main indices, Nifty and Sensex, declined by 2.7 per cent and 2.2 per cent, respectively. However, … Read more