Business news

Indian stock market opens flat, PSU bank shares lead

Indian stock market ends in green, all eyes on RBI's MPC decision

The domestic benchmark equity indices closed in green on Wednesday as buying was seen in PSU bank and realty sectors. The investors are keenly watching the Reserve Bank of India's (RBI) monetary policy committee (MPC) meeting which will announce its decision around the repo rate on Friday.

Dec 4, 2024

Zepto CEO credits govt's role for India's startup growth

Reddit post accuses Zepto of toxic work culture; CEO replies

Aadit Palicha, Co-founder and CEO of Zepto, on Wednesday said he is not against work-life balance and even recommends it to his competitors.

Dec 4, 2024

Ericsson Secures Multi-Billion 5G Deal with Bharti Airtel

Ericsson, the global telecommunications giant, has secured a multi-billion-dollar deal for 4G and 5G extension from Bharti Airtel for its operations in India. This deal is a part of a multi-year agreement for 4G and 5G RAN products and solutions.

Dec 4, 2024

IndiGo refutes report which rated it among world's worst airlines

Low-cost airline IndiGo on Wednesday refuted findings of a report which claimed that IndiGo has been ranked among the world's worst airlines this year.

Dec 4, 2024

Bull rally takes valuation of BSE-listed companies above Rs 450 lakh crore

With the ongoing rally in the Indian stock market, Bombay Stock Exchange (BSE) listed companies' market cap has once again crossed Rs 450 lakh crore.

Dec 4, 2024

Sensex closes up by 236 pts, NTPC and Kotak Mahindra Bank top gainers

Indian stock market opens in green, Nifty above 24,500

The Indian stock market opened in green on Wednesday, as buying was seen in the public sector enterprise (PSE) and IT sectors in early trade.

Dec 4, 2024

White collar hiring in India grows 6 pc in Oct-Nov, non-IT sectors lead

White collar hiring in India grew 6 per cent in the festive season (October and November), driven by strong growths in key non-IT sectors.

Dec 3, 2024

Sensex trades higher before RBI MPC outcome

Sensex surges 597 points, Adani Ports top gainer

The Indian benchmark equity indices, Sensex and Nifty closed in the green on Tuesday as heavy buying was seen in PSU Bank and media sectors at the end of trading.

Dec 3, 2024

India's domestic air passenger traffic reached 132.3 lakh in Sep, 81 pc YoY growth

India's domestic air passenger traffic to see 7-10 pc growth in FY25

India is projected to see 7-10 per cent growth (year-on-year) in domestic air passenger traffic at 164-170 million in FY25, according to a report on Tuesday.

Dec 3, 2024

India's industrial & logistics construction to exceed 60 million square feet: Report

India's rapid urbanisation, robust infrastructure development, and economic growth have collectively driven significant demand, boosting construction activity in the industrial and logistics sector and supply, which is projected to surpass 60 million square feet annually over the next 3-4 years

Dec 3, 2024

Sensex, Nifty open flat, PSU bank shares lead

The Indian stock market opened almost flat on Tuesday as buying was seen in the PSU bank sector in early trade.

Dec 3, 2024

Adani Enterprises to launch maiden Rs 800 crore retail bond issue on September 4

Adani Group is on solid financial footing, certifies Bernstein

The US-headquartered financial research major Bernstein has published a report on Adani Group companies, stating that the Group is currently in a much stronger position than it was during the Hindenburg attack in January 2023.

Dec 3, 2024

Ambuja Cements partners Finland-based Coolbrook towards Net Zero goals

In a bid to achieve its Net Zero goals, Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, on Monday said it has entered into a strategic partnership with Finland-based technology and engineering company Coolbrook.

Dec 2, 2024

Pace of India's manufacturing growth remains above its long-run average: HSBC

The pace of India's manufacturing growth remains above its long-run average and there was substantial improvement in the health of the sector during November, the HSBC India Manufacturing PMI data showed on Monday.

Dec 2, 2024

Sensex snaps 3-day losing streak on rebound in FMCG and Pvt Bank shares

Sensex and Nifty end higher, realty stocks shine

The domestic benchmark equity indices, Sensex and Nifty, settled higher on Monday as heavy buying was seen in the realty sector. Nifty realty was the outperforming sector, up over 3 per cent.

Dec 2, 2024