Mumbai (IANS) Leading IT software exporter Tata Consultancy Services (TCS) on Friday reported a 9 per cent increase in net profit at Rs 12,434 crore for the Jan-March quarter of 2023-24 up from Rs 11,392 crore in the same period … read more
Mumbai (IANS) The Indian markets sustained their upward momentum on Wednesday, buoyed by a robust performance in the broader market, albeit slightly lagging behind its Asian and European counterparts, said Vinod Nair, Head of Research at Geojit Financial Services. While … read more
Chennai (IANS) With the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) deciding to retain the repo rate at 6.5 per cent, economists are not sure when the central bank would cut the rate. Some expect a shallow rate … read more
Mumbai (IANS) The Indian markets are bucking the weak global trend aided by positive manufacturing PMI data and optimistic expectations of the upcoming Q4 results, Vinod Nair, Head of Research, Geojit Financial Services, said on Wednesday. Buoyancy of the broad … read more
New Delhi (IANS) Private Equity-Venture Capital (PE-VC) firms invested over $6.2 billion across 205 deals in Indian companies during the first three months of 2024, as per Venture Intelligence data. The investment amount represents a 8 per cent fall over … read more
New Delhi (IANS) Global brokerage Morgan Stanley has raised India’s GDP growth expectation to 6.8 per cent in 2025 from 6.5 per cent on continued traction in industrial and capex activity. “We raise GDP growth to 6.8 per cent YoY … read more
New Delhi (IANS) The Indian startups continued to raise funds at a normal pace, and last week, 22 startups secured over $447 million in the country. This included nine growth-stage deals and 11 early-stage deals, reports Entrackr. “Two startups kept … read more
Mumbai (IANS) Leading SUV maker Mahindra & Mahindra on Thursday announced the signing of a memorandum of understanding (MoU) with Adani Total Energies E-Mobility Limited (ATEL) for expanding the EV charging infrastructure in the country. “The MoU between Mahindra and … read more
New Delhi (IANS) Global audio streaming platform Pocket FM on Wednesday said it has raised $103 million in its Series D funding led by Lightspeed with participation from StepStone Group. The new funding will strengthen the company’s push into the … read more
New Delhi (IANS) The revival of capex cycle in India is now broad-based with all its engines – namely, government, private corporate and housing – fired up, as per global brokerage Jefferies. India’s 8.4 per cent GDP growth in 3QFY24 … read more