New Delhi (IANS) India Inc saw just 16 deals amounting to $98 million in the second quarter (Q2) this year in the auto sector, registering a substantial decline in overall deal activity, with a 92 per cent drop in values … read more
New Delhi (IANS) ITC, despite facing a challenging business environment, has demonstrated strong performance across all operating segments as a result of its ITC Next strategy. The diversified conglomerate recently released its Annual Report for FY 2022-23, showcasing impressive financial … read more
New Delhi (IANS) The government on Monday said that the decision of Taiwanese giant Foxconn to withdraw from its semiconductor joint venture (JV) with Vedanta has no impact on India’s semiconductor goals. Both Foxconn and Vedanta have significant investments in … read more
New Delhi (IANS) Markets continued making new highs during the week, but showed their vulnerable side as well when they corrected on Friday, the last day of the week quite sharply. They have become volatile and are subject to sharp … read more
New Delhi (IANS) In a bid to optimise utilisation of accommodation in trains, the Union Railways Ministry on Saturday announced the introduction of a discounted fare scheme in AC sitting trains. “With a view to optimise utilisation of accommodation in … read more
New Delhi (IANS) 5G smartphone shipments in India crossed 10 crore (100 million) in the month of May, creating a record as 5G roll-out continues to happens at a very fast pace in the country. According to data shared by … read more
New Delhi (IANS) Limited available data suggests that India’s growth weakened in June’23, Motilal Oswal Financial Services said in a report. Manufacturing PMI fell to 57.8 in June’23 from 58.7 in May’23, but it still remained in expansionary territory, the … read more
New Delhi (IANS) An analysis of inflows into equity MFs during the previous property upcycle of FY04-14 shows that even as investor appetite for property purchase increased substantially during FY04-08, equity market investments stayed high, foreign brokerage Jefferies said in … read more
Chennai (IANS) Owing to their strong underlying growth and accommodative balance sheets, Indian companies it rates are in good credit shape, credit rating agency S&P Global Ratings said on Tuesday. “Solid earnings momentum over the next two years, by our … read more
New Delhi (IANS) The India Cellular and Electronics Association (ICEA) on Monday said that it is setting up a task-force to ensure that the current electronics trade between India and the US goes up from an estimated $8 billion to … read more