Domestic equity markets continued to move higher on Thursday and extended their gains to fifth consecutive sessions, bucking the weak sentiments from the global markets. Buying in heavyweight sectors like financials and banking pushed the headline indices higher. However, global uncertainty may weigh on Dalal Street. For the day, BSE’s barometer Sensex surged more 385.04...
Hon Hai, also known as Foxconn, which made its foray into India in 2005 and has embarked on manufacturing in the country, is optimistic about India developing as the world’s manufacturing hub. Young Liu, Chairman of Hon Hai Technologies, said, “If there are no major changes in the future, India will become a new manufacturing...
Jio will commercially launch Jio AirFiber on 19th September to drive revenue growth in the untapped Indian home segment. With this FWAservice, Jio said it can expand the home broadband service with up to 150,000 daily connections.Jio AirFiber uses pan-India 5G network and advanced wireless technologies to bypass the need for last-mile fibre.Jio said it...
Shares of online food delivery provider Zomato Ltd are headed toward their fresh 52-week high, suggests technical analysis of the stock. The stock has climbed 77% in the last six months and gained 43% in three months. The stock has risen 16% since the firm announced its Q1 earnings. Zomato announced its Q1 earnings during...
Equity benchmark Sensex on Friday rallied around 556 points, logging its best single day in two months, while Nifty closed above the 19,400 level on value-buying in power, metal and oil stocks following strong domestic macro data and global cues.The BSE barometer closed higher by 555.75 points or 0.86 per cent at 65,387.16 with 26...
Seven police personnel have been suspended for allegedly providing special treatment to DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan, arrested in connection with a multi-crore bank loan scam, during medical check-ups at hospitals in Mumbai, an official said on Wednesday. The Wadhawan brothers are currently in judicial custody and lodged at the Taloja prison in...
The Manohar International Airport in North Goa on Monday announced a direct Indigo flight service to Abu Dhabi International Airport (AUH) thrice a week, starting September 2. A senior official of the airport operator GMR Goa International Airport Limited (GGIAL) said that the inaugural Indigo flight to Abu Dhabi from Manohar International Airport is scheduled...
With the US flagging concerns over India’s decision to impose import restrictions on certain electronic devices, both countries have agreed to find a solution to the issue that addresses the concerns of both nations, according to a statement of USTR. The issue was flagged during a meeting between Commerce and Industry Minister Piyush Goyal and...
Qatar’s sovereign wealth fund is set to invest $1bn in Indian billionaire Mukesh Ambani’s retail unit,valuing the shopping company at $100bn, in the latest sign of Gulf investors’ deepening exposure toIndia’s fast-growing economy.The $450bn Qatar Investment Authority would take a 0.99 per cent stake in Reliance Retail VenturesLimited, the Reliance Industries subsidiary announced on Wednesday.“QIA...
The rupee registered the highest single-day gain in nearly two months and surged by 25 paise to 82.47 against the US dollar in early trade on Thursday amid a weakening dollar, foreign funds inflows and positive equity markets. According to reports, the rupee’s sharp gain of 52 paise in the past two sessions was attributed...