Business news

India's services sector growth surges to 4-month high in Dec: Report

India's services sector growth rose to a 4-month high in December as robust demand boosted business activity with strong job creation taking place during the month, according to a survey released on Monday.

Jan 6, 2025

Goldman Sachs sees India among top emerging markets in 2025

Goldman Sachs has projected India to be among the best-performing emerging markets in 2025, given the country's robust macroeconomic stability backed by improving terms of trade, effective inflation targeting, and reliable domestic risk capital.

Jan 6, 2025

Sensex trades higher on strong global cues

Sensex opens higher, Nifty crosses 24,000 in early trade

At around 9.32 am, Sensex was trading at 79,470.61 after rising 247.50 points or 0.31 per cent, while Nifty was trading at 24,065 after gaining 60.25 points or 0.25 per cent.

Jan 6, 2025

Market Outlook: Q3 results, FII and economic data key triggers for next week

The market outlook for next week will be guided by Q3 results, crude oil price, foreign institutional investors (FIIs) and domestic economic data, according to experts on Sunday.

Jan 5, 2025

India's smartphone market estimated to grow 7-8 pc this year

India's smartphone market to cross $50 billion in value this year: Report

India's smartphone market is projected to cross $50 billion in value by 2025, driven by the ongoing trend of premiumisation and thrust on local manufacturing

Jan 3, 2025

Indian share market ends lower, Nifty below 23,700

Indian stock market slides as investors remain cautious in New Year

After a bumper start to the New Year, the Indian stock market's upward trend came to a halt on Friday amid mixed global cues as heavy selling was seen in the IT, financial services and pharma sectors.

Jan 3, 2025

National Stock Exchange crosses 20 crore client accounts

NSE clocks highest capital raised at Rs 1.67 lakh cr globally via 268 IPOs in 2024

The Indian stock market witnessed an initial public offering (IPO) boom in 2024 as compared to any other global stock exchange, with the National Stock Exchange's (NSE) Rs 1.67 lakh crore ($19.5 billion) capital raised through them becoming the highest in the world, according to a report by the exchange on Friday.

Jan 3, 2025

Adani Ports to develop berth at Gujarat's Kandla Port for multi-purpose cargo

Adani Ports' cargo volume grows 8 pc in December

The total cargo volume of Adani Ports and Special Economic Zone Limited (APSEZ) grew 8 per cent (year-on-year) to 38.4 million metric tonnes (MMT) in December 2024.

Jan 3, 2025

Centre clears incentive claims for Tata Motors, M&M under PLI scheme

The Ministry of Heavy Industries has approved incentive claims of Rs 246 crore submitted by Mahindra & Mahindra (M&M) and Tata Motors under the Rs 25,938 crore PLI scheme for the automobile and auto components industry, a senior official has confirmed.

Jan 3, 2025

Indian housing sector to contribute 13 pc to national GDP by 2025: Report

The housing sector in the country is expected to contribute 13 per cent to the national GDP by 2025, reflecting its resilience and potential, according to a report on Friday.

Jan 3, 2025

Indian stock market celebrates New Year with a bang, surges 1,436 points

After a muted beginning, the Indian stock market welcomed 2025 with a bang on Thursday, surging more than 1,400 points, or 1.83 per cent, as auto stocks saw a bumper rally on the back of strong car sales data for December.

Jan 2, 2025

India's textile & apparel exports clock 7 pc growth at $21.36 bn in April-October

India's overall export of textiles & apparel (including handicrafts) recorded a 7 per cent growth to $21.36 billion during April-October of FY 2024-25, compared to the corresponding figure of $20.01 billion for the same period of FY 2023-24, according to a statement issued by the Ministry of Textiles on Thursday.

Jan 2, 2025

Indian stock market set to ride on strong economic growth in 2025

Sensex soars over 1,200 points, auto and IT stocks rally

Indian stock market surged by nearly 1.6 per cent in afternoon trade on Thursday as heavy buying was seen in auto, energy, private bank, infra, commodity and IT sectors on Nifty.

Jan 2, 2025

Maharashtra's biggest industrial land parcel in Navi Mumbai sold for a song to Reliance Industries

Maharashtra's biggest industrial land parcel measuring over 5,286 acres — at a strategic location close to the Navi Mumbai Airport, JNPT and the Mumbai Trans Harbour Link project — has been sold to Reliance Industries Ltd at a valuation of mere Rs 2,200 crore.

Jan 2, 2025

Ambuja Cements-Adani merger receives no objection letter from stock exchanges

Ambuja Cements Ltd has received an observation letter with 'no objection' from the National Stock Exchange (NSE) and 'no adverse observations' from Bombay Stock Exchange (BSE) with regards to merger with Adani Cementation Ltd.

Jan 2, 2025