Business news

India's wedding season biz expected to surge 41 pc to Rs 6 lakh crore: CAIT

The upcoming wedding season in India which will extend from November 12 till December 16 is likely to generate business worth nearly Rs 6 lakh crore from 48 lakh weddings which constitutes a 41 per cent increase over the corresponding figure of Rs 4.25 lakh crore recorded for 35 lakh weddings last year, according to a study carried out by the Confederation of All India Traders (CAIT).

Nov 5, 2024

India's home textiles industry to see 6-8 pc growth this fiscal

India's home textile industry is set to witness 6-8 per cent growth this fiscal, riding on resilient demand from the US and expansion in the domestic market, according to a report on Tuesday.

Nov 5, 2024

fake notes, rs 2000 notes, fake indian currency

Over 98% Rs 2000 banknotes returned; Rs 6,970 crore worth notes still in circulation: RBI

The withdrawal of Rs 2000 banknotes was announced on May 19, 2023, but they remain legal tender. The Reserve Bank of India (RBI) reports over 98% return of Rs 2000 banknotes in circulation.

Nov 4, 2024

Sensex sheds over 900 points, all eyes on US election and Fed data

Sensex shed more than 900 points on Monday, as both Sensex and Nifty saw a decline of more than 1 per cent each, amid uncertainty over the results of the US presidential election and the Federal Reserve's monetary policy meeting this week.

Nov 4, 2024

India's fintech startups grow fivefold in last three years

Fintech firm Cashfree Payments' losses increase to Rs 135 cr in FY24

Fintech firm Cashfree Payments has reported Rs 135 crore loss in the financial year (FY24), compared to Rs 133 crore loss in FY23.

Nov 4, 2024

India's goods exports to top countries record double-digit surge

India's diversified export basket driving overall growth

India's export basket has diversified over the last five years into high-value electronics, engineering goods and petroleum products, with the total value of the country's exports surging by close to 40 per cent -- from $314 billion in 2019-20 to $437 billion in the financial year ended on March 31, 2024.

Nov 4, 2024

Sensex crashes 1300 pts, Nifty at four-month low

The Indian stock market was trading deep in the red on Monday's mid-session as heavy selling was seen in the auto, metal, realty and energy stocks.

Nov 4, 2024

Sensex snaps five-day losing streak, Nifty closes above 24,300

Sensex Plummets 1300 Points, Nifty Hits Four-Month Low

The Indian stock market saw a significant downturn on November 4, with heavy selling in various sectors. This decline was reflected across almost all sectoral indices, with only a few companies trading in green.

Nov 4, 2024

IPO market buzz continues next week with 3 new public issues

India's consumer spending on goods to grow 7 pc in next 5 years

India's consumer spending on goods is worth $1.29 trillion in 2024 and is expected to increase to 7.0 per cent in the next five years, according to a new report.

Nov 4, 2024

Population collapse is accelerating: Elon Musk

Elon Musk lays off more employees from X: Report

Elon Musk, who is busy promoting Donald Trump for the keenly-watched US presidential election on November 5, has reportedly laid off more employees from his X social media platform.

Nov 2, 2024

Facebook India's net profit up 43 pc to Rs 505 crore in FY24

Facebook India saw its profit surge by 43 per cent in the last fiscal (FY24), riding on digital advertising and support services offered to its parent company Meta in the US.

Nov 2, 2024

Investors' wealth surges by Rs 128 lakh cr in last Samvat 2080

As the Indian stock market ended Samvat year 2080, investors' wealth surged by a whopping Rs 128 lakh crore (about $1.5 trillion at current exchange rate) to Rs 453 lakh crore in just one year.

Nov 1, 2024

Stock market: Sensex, Nifty ends in red on Diwali, IT stocks bleed

The Indian stock market closed in the red on Diwali day as Sensex fell more than 500 points. There was heavy selling in the IT sector.

Oct 31, 2024

Yash Kataria Drives Growth: Kataria Industries Acquires Ratlam Wires' Wire Manufacturing Division

Kataria Industries is renowned for its manufacturing of essential equipment, including low relaxation prestressed concrete strands and post-tensioning anchorage systems.

Oct 31, 2024

Stock Markets: Sensex, Nifty open flat on Diwali, L&T and Sun Pharma top losers

On the auspicious occasion of Diwali, the Indian stock market opened flat on Thursday as selling was seen in auto, IT, PSU bank and FMCG sectors in early trade.

Oct 31, 2024