Edtech firm Physics Wallah (PW) on Friday said it has secured $210 million in its Series B funding round, which takes the company’s valuation to $2.8 billion. The funding round was led by Hornbill Capital, with significant participation from Lightspeed Venture Partners, and existing investors GSV and WestBridge. Physics Wallah said it will use the … Read more
Finance Minister Nirmala Sitharaman has said that the banking sector will have to play a crucial role in driving the agenda of making India a developed nation or Viksit Bharat by 2047. She also said banks will be required to give strong momentum to the infrastructure sector, ensure the availability of need-based funding to MSMEs, … Read more
Unitech is currently trading at its upper limit of Rs. 10.97, up by 0.52 points or 4.98% from its previous closing of Rs. 10.45 on the BSE. The scrip opened at Rs. 10.56 and has touched a high and low of Rs. 10.97 and Rs. 10.32 respectively. So far 4637877 shares were traded on the … Read more
Indian rupee strengthened against the US dollar on Friday, on weaker dollar following by the first interest rate cut by Federal Reserve since early 2020. The US Federal Reserve cut its benchmark interest rates by half a percentage point or 50 basis points, amid signs that inflation was moderating and the labor market was weakening. … Read more
The commerce ministry data has said that the country's readymade garment exports (RMG) in August rose by about 12 per cent to $1.26 billion despite global headwinds and challenges such as high logistic cost. Cumulatively, RMG exports during the April-August period of 2024-25 grew by 7.12 per cent to $6.39 billion. Apparel Export Promotion Council … Read more
Indian equity indices opened in green on Friday following positive cues from Asian and US markets. At 9.46 a.m., Sensex was up 82 points or 0.10 per cent at 83,267 and Nifty was up 40 points or 0.16 per cent at 25,455. Buying was also seen in the midcap and smallcap stocks. Nifty midcap 100 … Read more
Infosys is currently trading at Rs. 1904.60, up by 10.45 points or 0.55% from its previous closing of Rs. 1894.15 on the BSE. The scrip opened at Rs. 1911.25 and has touched a high and low of Rs. 1911.25 and Rs. 1887.00 respectively. So far 10288 shares were traded on the counter. The BSE group … Read more
The Phoenix Mills is currently trading at Rs. 1806.50, up by 43.55 points or 2.47% from its previous closing of Rs. 1762.95 on the BSE. The scrip opened at Rs. 1815.05 and has touched a high and low of Rs. 1878.15 and Rs. 1787.65 respectively. So far 6044 shares were traded on the counter. The … Read more
The government is committed to improving the availability of containers, faster evacuation of export consignments, and reducing congestion at the ports, Union Minister of Commerce and Industry, Piyush Goyal, said on Thursday. Chairing an inter-ministerial meeting to address issues related to rising freight costs, shipping delays, shortage and non-availability of containers and congestion at … Read more
With nearly four million electric vehicles (EVs) sold in India cumulatively by March this year, the market is in the midst of an explosive growth phase and will become a major power consumer, a report said on Thursday. From merely 1.3 lakh EVs sold in 2020, an estimated 1.6 million EVs were sold in the … Read more