India's robust economic growth and investor-friendly policies position it as an attractive emerging market, drawing foreign investments despite global challenges. FDI is expected to rise in 2024, driven by healthy macroeconomic indicators and production-linked incentive schemes.
A smallcap pharma sector stock, Evoq shares made its debut on BSE SME in March 2022. It offers a wide range of pharmaceutical formulation products.
The Indian real estate market is poised for robust growth, backed by supportive government policies aimed at affordability and sustainability. Developers advocate for lower lending rates in the affordable segment and an expanded definition of affordability.
India imports some pulses to meet the domestic shortages. The country is the world's largest producer and consumer of pulses.
The interim budget to be presented by Union Finance Minister Nirmala Sitharaman is expected to feature fiscal measures, including potential tax reductions, aimed at tackling rising prices and addressing ongoing inflationary trends.
Several exchange-traded funds linked to the spot price of Bitcoin began trading in the United States on Thursday after receiving approval from the Securities and Exchange Commission.
Food inflation, which constitutes nearly half of the overall consumer price basket, increased to 9.53 per cent in December, up from 8.70 per cent in November.
The net premium income for HDFC Life Insurance rose by 6 per cent to Rs 15,273 crore in the quarter, while the value of new businesses declined by 2 per cent.
The rupee started the session weaker at 83.08 against the US dollar at the interbank foreign exchange, fluctuating between 82.86 and 83.10. The currency eventually settled at 82.90.
The consolidated revenue for Wipro in the third quarter stood at Rs 22,205 crore, a 4.40 percent year-on-year (YoY) decline.
The Sensex rallied by 847.27 points to end the session at a record high of 72,568.45, while the Nifty rose by 247.35 points to an all-time high of 21,894.55.
The rise in Reliance shares over the past few days has resulted in a USD 5.47 billion rise in Mukesh Ambani’s net worth since the beginning of the calendar year.
The stock rose by 4.21 per cent to Rs 3,893.70 on the BSE and 4.24 per cent to Rs 3,894 per share on the NSE. The company's revenue rose by 4 per cent to Rs 60,583 crore, with strong double-digit growth in emerging markets for the third quarter.
The second-largest IT services company in the country reported a 7.3 per cent decrease in net profit for the December quarter, citing sluggish client demand as the primary factor.
The rupee started on a weak note at 83.08, declining further to 83.10 against the dollar, eventually settling at 83.05, ending its seven-day winning streak.
The 30-share BSE Sensex climbed over 700 points to 72,431.14 Meanwhile, the Nifty also surged by 141.95 points to 21,789.15.
Amid the ongoing India-Maldives row, EaseMyTrip reiterated that all travel bookings to the Maldives have been suspended indefinitely as the nation takes precedence over profits for the company. However, the Maldivian government has distanced itself from the derogatory remarks directed at PM Modi.
Apple is trading at a forward PE of 28, well above its average of 19 over the past 10 years, according to LSEG data. Microsoft is trading around 31 times forward earnings, above its 10-year average of 24.
On New Year's Eve 2023, customers consistently placed a high volume of orders, with the peak demand observed during dinner and late-night hours.
The board of the IT services company has also approved a dividend of Rs 27 per share, including a special dividend of Rs 18 for the financial year 2023-2024.
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