India has surpassed Japan to become the world’s fourth-largest economy with a size of $4.18 trillion, and is poised to overtake Germany to become the third-largest by 2030, the government has said. With continuing good growth numbers, India is also
State-owned IFCI on Tuesday (December 30) informed that it has monetised its 40% equity stake in North Eastern Development Finance Corporation Ltd (NEDFi) for a total consideration of ₹121.77 crore. According to the disclosure, the stake sale comprised one crore
In the digital assets space, custody is slowly becoming the key theme of the ecosystem amid increasing use of digital assets and Web3 applications in enterprise and institutional use. Rising cyber fraud and operational breaches have placed digital asset custody
Stock markets ended marginally lower on Tuesday amid thin year-end trading as persistent foreign fund outflows and a muted trend in global equities weighed on investors’ sentiment. Photograph: Francis Mascarenhas/Reuters Falling for the fifth consecutive day, the 30-share BSE Sensex
State-owned Bharat Petroleum Corporation Ltd (BPCL) is willing to dilute a 30–40 per cent stake in its upcoming greenfield refinery in Andhra Pradesh, with Gulf energy major Saudi Aramco and upstream player Oil India Ltd (OIL) likely to join as
India’s industrial production grew at a two-year high of 6.7 per cent in November this year, driven by strong performances in mining and manufacturing, according to official data released on Monday. Photograph: Amit Dave/Reuters The factory output, measured in terms
As the government moves to revamp India’s securities legislation, unifying three different laws into the Securities Markets Code (SMC), regulatory experts and market insiders have raised concerns on potential funding challenges for the stock market regulator. Photograph: Francis Mascarenhas/Reuters While
Global watchmaker Timex Group India Ltd on Monday (December 29) said its promoter, Timex Group Luxury Watches BV, Netherlands, has exercised the oversubscription option in its offer for sale (OFS) of equity shares through the stock exchange mechanism. Under the
Intel shares edged higher to $36.29 in pre-market trade on the Nasdaq on Monday, December 29, after the company announced that it had completed the sale of 214.8 million shares to Nvidia Corporation for $5 billion on Friday. Intel completed
Benchmark stock indices Sensex and Nifty closed lower on Monday due to selling in oil & gas and IT shares, foreign fund outflows and thin year-end trading. Photograph: Shailesh Andrade/Reuters Extending the downtrend to the fourth day running, the 30-share
