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Prime Minister Narendra Modi addresses the Startup Mahakumbh at the Bharat Mandapam, in New Delhi. | Photo Credit: PTI India has emerged as the world’s third largest startup ecosystem with over 1.25 lakh startups and 110 unicorns, and is charting a roadmap for becoming a developed nation with the right decisions taken at the right…
The fervour around artificial intelligence has sparked a gold rush into AI-themed ETFs, as investors seek fresh ways to play the burgeoning technology following breathtaking rallies in market darlings such as Nvidia . The funds run the gamut from those offering a bouquet of the biggest AI winners to more esoteric themes such as robotics…
Read More “Nvidia’s dizzying rally spurs rush into AI-themed Exchange Traded Funds” »
From the Sensex basket, Maruti, Power Grid, Nestle, IndusInd Bank, Tata Consultancy Services, and Wipro were the major gainers. | Photo Credit: Reuters Benchmark equity indices rebounded in early trade on March 20 after a sharp decline in the previous trade amid a rally in global markets and fresh foreign fund inflows. The 30-share BSE…
Read More “Markets rebound in early trade on rally in global equities, foreign fund inflows” »
The rupee edged up 1 paisa to 83.02 against the U.S. dollar on Wednesday ahead of the announcement of the key U.S. Fed policy decision later in the day. | Photo Credit: REUTERS The rupee edged up 1 paisa to 83.02 against the U.S. dollar on Wednesday ahead of the announcement of the key U.S….
Read More “Rupee edges up 1 paisa to 83.02 against U.S. dollar in early trade” »
Norwegian Ambassador to India May-Elin Stener. Photo: Special Arrangement Switzerland being the largest player is likely to contribute more than half of the $100 billion free trade pact India recently signed with the European Free Trade Association (EFTA), while Norway will bring in the rest, with Iceland and Liechtenstein contributing as well, Norwegian Ambassador to…
Read More “Norway will invest half of $100 billion under EFTA: Norwegian envoy May-Elin Stener” »
The perennial issue of fair pricing of farm produce reigns supreme, now coupled with calls for legal assurances of Minimum Support Price. File | Photo Credit: PTI As the general elections draw closer, agrarian concerns have once again taken centre stage. Farmers from the heartland of the Green Revolution have travelled to the border of…
The Thiruvananthapuram Kerala International Airport Ltd (TKIAL) is a wholly-owned subsidiary of Adani Enterprises Ltd, which signed a concession agreement with the Airports Authority of India in January 2021. Photo: Special Arrangement The Adani-controlled Thiruvananthapuram Airport’s projection of revenue from non-aeronautical services such as the sale of food and beverages — used to subsidise costs…
Read More “Regulator snubs revenue projections at Adani-controlled Thiruvananthapuram Airport” »
A worker cuts metal inside a workshop manufacturing metal pipes in Mumbai, India August 11, 2017. REUTERS/Shailesh Andrade | Photo Credit: SHAILESH ANDRADE India can sustain 8% annual GDP growth and the conducive macroeconomic configuration may become a launching pad for a step-up in the country’s growth trajectory, said an article on the ‘State of…
A view of the Bombay Stock Exchange | Photo Credit: Paul Noronha Benchmark equity indices Sensex and Nifty tumbled 1% each on Tuesday dragged down by a heavy sell-off in TCS, Infosys and Reliance Industries amid weak Asian markets and fresh foreign fund outflows. The 30-share BSE Sensex tanked 736.37 points or 1.01% to settle…
Read More “Sensex, Nifty down 1% amid slump in TCS, foreign fund outflows” »
On March 18, the Rupee dropped four paise to settle at 82.90 against the U.S. dollar. | Photo Credit: The Hindu The Rupee depreciated 12 paise to 83.02 (provisional) against the U.S. dollar on March 18, weighed down by a heavy sell-off in domestic equities and persistent foreign capital outflows. “Besides, a surging greenback against…
Read More “Rupee declines 12 paise to close at 83.02 against U.S. dollar” »