Infosys is currently trading at Rs. 1942.15, up by 2.95 points or 0.15% from its previous closing of Rs. 1939.20 on the BSE. The scrip opened at Rs. 1935.00 and has touched a high and low of Rs. 1947.25 and Rs. 1925.10 respectively. So far 33720 shares were traded on the counter. The BSE group … Read more
Union Minister Ashwini Vaishnaw has said that the government approved 12 new industrial cities in 10 states on the lines of Greater Noida in Uttar Pradesh and Dholera in Gujarat to boost domestic manufacturing with an estimated investment of Rs 28,602 crore. These industrial areas will be in Khurpia in Uttarakhand, Rajpura-Patiala in Punjab, Dighi … Read more
Genus Power Infrastructures is currently trading at Rs. 466.15, up by 22.10 points or 4.98% from its previous closing of Rs. 444.05 on the BSE. The scrip opened at Rs. 466.25 and has touched a high and low of Rs. 466.25 and Rs. 462.00 respectively. So far 826869 shares were traded on the counter. The … Read more
While India is already known as the 'pharmacy of the world', the country also has huge scope to enter the global value chain system to further boost exports of pharma products, said Sunil Barthwal, Secretary, Union Ministry of Commerce and Industry on Thursday. He said this during an interaction with pharma sector industry leaders at … Read more
India's equity benchmarks hit record highs on Thursday, boosted by heavyweight conglomerate Reliance Industries, which plans to step up the adoption of AI and issue bonus shares. The NSE Nifty 50 and the S&P BSE Sensex both rose about 0.6% to hit all-time highs, before trimming some gains to settle up 0.4% at record closing … Read more
Indian rupee strengthened against the US dollar on Thursday tracking weakness of the American currency in the overseas market. Rupee sentiments improved further on firm domestic equities after National Securities Depository data showed that Foreign Institutional Investors purchased Indian equities worth over $1.6 billion between August 16 and 27. Meanwhile investors are awaiting cues from … Read more
The country's Unified Payments Interface (UPI) has the potential to touch 100 billion transactions in the next 10-15 years backed by credit growth, according to Dilip Asbe, CEO of National Payments Corporation of India (NPCI). "We are looking at 100 billion transactions in the next 10-15 years which is a fairly achievable number. And, credit … Read more
Adani Enterprises Limited (AEL) on Thursday announced the launch of its maiden public non-convertible debenture (NCD) issue on September 4, with plans to raise up to Rs 800 crore. The offering will include up to 80,00,000 secured, listed and redeemable NCDs, each with a face value of Rs 1,000. The base size issue is Rs … Read more
The Indian fintech sector continues to remain resilient and its revenues are projected to reach $190 billion by 2030, contributing to more than 20 per cent of all banking revenues, a new report has said. The Indian fintech sector grew 50 per cent by revenue in 2023 and the growth trajectory is expected to continue, … Read more
Moody's raised India's growth projection for 2024 and 2025 citing signs of improving rural demand, while Fitch affirmed the country's sovereign credit rating, the agencies said in separate releases on Thursday. Moody's now expects India's economy to expand 7.2% in 2024 from 6.8% previously, while growth for 2025 is pegged at 6.6% versus 6.4%. "These … Read more