Benchmark equity indices Sensex and Nifty ended marginally lower in highly volatile trade on Tuesday as losses in IT and auto stocks were largely offset by gains in banking and oil shares amid mixed global trends. The 30-share BSE Sensex ended 40.14 points or 0.07 per cent lower at 57,613.72 as 19 of its stocks [...]
India and China will contribute to half of the world's growth this year, China's top think tank said on Tuesday, highlighting that Asia will remain a crucial growth engine with an estimated 4.5 per cent GDP expansion, making it a "standout performer" amidst the global economic slowdown. The Boao Forum for Asia (BFA), Beijing’s prominent [...]
The telecom industry's financial health needs to improve if India's dream of digital connectivity across the country has to be fulfilled, Bharti Enterprises Vice-Chairman Akhil Gupta said on Tuesday. Very poor return on capital is a big hindrance in telecom development in India today and unless it changes, investments will dry up at some point [...]
Housing prices rose 8-10 per cent in this fiscal year and may further increase by 5 per cent in 2023-24, India Ratings and Research (Ind-Ra) said on Tuesday. The rating agency has revised the outlook on the residential real estate sector to neutral from improving for FY24. "The residential real estate market continued its upward [...]
Capital markets regulator Sebi on Tuesday extended the deadline till September-end for existing trading and demat account holders to provide choice of nomination or opt out of nomination. Earlier the deadline was March 31, 2023. In July 2021, the Securities and Exchange Board of India (Sebi) asked all existing eligible trading and demat account holders [...]
Sri Lanka would seek a new temporary credit facility of USD 1 billion from India to purchase essential items including food and medicine, the official media here reported on Monday. Sri Lanka received 333 million dollars, the first tranche of the USD 3 billion International Monetary Fund (IMF) bailout programme last week to overcome its [...]
Finance minister Nirmala Sitharaman on Monday informed the Lok Sabha that 54 FDI proposals with investor/beneficial owner from China and Hong Kong are pending for decision with the government. In April 2020, the government had amended the FDI policy in order to curb opportunistic takeovers/acquisitions of Indian companies due to the COVID-19 pandemic. As per [...]
Tata Cleantech Capital, the green funding arm of Tata Capital, on Monday said its equity partner International Finance Corporation has picked up its sustainability-linked bonds worth USD 50 million or about Rs 375 crore. The bonds are the first in the country by a private financial institution, and the money will help Tata Cleantech Capital [...]
The Himachal Pradesh government on Monday signed a memorandum of understanding with HLC Green Energy to make it the 'First Green State' by 2025, Chief Minister Sukhvinder Singh Sukhu said. The project will bring in an investment of more than Rs 4,000 crore, besides generating direct and indirect employment opportunities for about 2,500 persons. It [...]
Markets regulator Sebi on Monday simplified the procedural requirements for onboarding of Foreign Portfolio Investors (FPIs) in a bid to facilitate ease of doing business and to reduce the time taken for their registration. The regulator allowed designated depository participants (DDPs) to grant FPI registration on the basis of scanned copies of application forms and [...]
