Mobile phone exports from India increased to nearly USD 9.5 billion in February, with Apple contributing half of the total exports, mobile devices industry body ICEA said on Wednesday. An official at the India Cellular and Electronics Association (ICEA) said the industry is on track to cross the target of mobile phone exports worth USD [...]
India now has over 127 global patents for 6G technology, Union Minister for Communications Ashwini Vaishnaw said on Wednesday. He reiterated Prime Minister Narendra Modi's remark that India has the power of trust and scale, which is leading to the demand for indigenous telecom gears overseas. Vaishnaw said the Prime Minister has given his ministry [...]
A promoter entity of Max Financial Services Ltd (MFSL) on Wednesday offloaded the company's shares worth Rs 94 crore through an open market transaction. MFSL is the holding firm for Max Life Insurance company. According to the block deal data available with the National Stock Exchange (NSE), Max Ventures Investment Holdings sold 14,99,997 shares of [...]
Equity benchmarks declined in initial trade on Thursday after a two-day rally, in line with a weak trend in global markets. Also, a weak trend in index major Reliance Industries and IT counters added to the pressure. The 30-share BSE Sensex fell 341 points to 57,873.59 after a weak beginning. The broader NSE Nifty declined [...]
Reliance Consumer Products Limited (RCPL), a wholly-owned subsidiary of Reliance Retail Ventures Limited, on Wednesday said it has expanded its play in the FMCG segment by launching its range of home and personal care products. RCPL, which has ambitions to be a relevant player in the FMCG segment, will now compete with the leading players [...]
Leading bourses NSE and BSE on Wednesday said they will include Adani Power under the short-term additional surveillance measure (ASM) framework from Thursday. Adani Power is shortlisted in short-term ASM framework Stage-I effective March 23, according to separate circulars available on the exchanges. The move also comes close on the heels of the two exchanges [...]
Return on Equity (ROE) is a measure of a company’s financial performance calculated by dividing its net income by shareholders’ equity. It is a good measure of a company’s profitability and how efficient its management is in generating profits. The higher a company’s ROE is, the more efficient its management is at generating income and [...]
Walmart Foundation on Wednesday announced its plan to support an additional 1 million smallholder farmers in India, with at least 50 per cent women, in the next five years. The foundation also announced two new grants, which include USD 3 million to TechnoServe for reaching out to 30,000 farmers and 24 farmer producer organisations (FPOs) [...]
The initial share sale of Udayshivakumar Infra was subscribed 5.15 times on the third day of subscription on Wednesday. The offer received bids for 10,29,54,972 shares against 2 crore shares on offer, according to data available with the NSE. The quota for non-institutional investors was subscribed 8.47 times, while the category for Retail Individual Investors [...]
Icra on Wednesday revised its outlook for domestic steel demand to 7-8 per cent for the next fiscal. Earlier, the ratings agency had estimated the demand to grow in the range of 6-7 per cent. "With the central government's capex outlay in FY2024, Icra has revised upwards its steel consumption growth estimate for FY2024 to [...]
