What Modi told Bill Gates about India’s digital dreams

Prime Minister Narendra Modi on Friday identified agriculture, education and health as three sectors where he believes technology can play a big role, and highlighted efforts of his government. In an interaction with philanthropist and Microsoft co-founder Bill Gates, Modi

Sanjiv Lamba: ‘India is bright spot. Lot of hope for two decades’

‘China is somewhat disappointing in its recovery, and slow growth, and India is reporting strong growth numbers.’ Photograph: Kind courtesy Linde Plc Linde Plc is bullish on India’s growth story and has investment plans of $1 billion for three to

Core sector growth slows to 6.7% in Feb

The growth of eight key infrastructure sectors slowed to 6.7 per cent in February, compared to the same month in 2023, on account of poor performance of some sectors like fertiliser, according to official data released on Thursday. Photograph: Dipak

No exchange, deposit of Rs 2,000 notes on Apr 1

The facility to exchange or deposit Rs 2,000 banknotes will not be available on Monday, April 1, 2024 due to operations associated with the annual closing of accounts, the Reserve Bank of India (RBI) said on Friday. Photograph: ANI Photo

Markets end FY24 on buoyant note; Sensex gains 655 points

Benchmark equity indices Sensex and Nifty ended the last day of trade of the 2023-24 fiscal on a bullish note on Thursday, driven by heavy buying in power, auto and banking stocks amid a positive trend in global markets. Photograph:

Investors’ desire for buybacks, dividends highest in 9 yrs: BofA

Investors’ desire for companies to prioritise returning cash to shareholders through share buybacks, dividends or mer­gers and acquisitions (M&A) is at the highest level since July 2015, said a survey by BofA Securities (BofA). Nearly 30 per cent of respondents

Markets rebound on heavy buying in RIL, HDFC Bank

Benchmark equity indices Sensex and Nifty rebounded sharply on Wednesday following heavy buying in index majors Reliance Industries and HDFC Bank. Photograph: Shailesh Andrade/Reuters The 30-share BSE Sensex climbed 526.01 points or 0.73 per cent to settle at 72,996.31. During

IPO mop-up rises 20% to Rs 62,000 cr in FY24

Equity fundraising through initial public offerings (IPOs) rose 20 per cent during the financial year 2023-24 (FY24). During the period, 76 Indian corporates raised Rs 61,915 crore through main board IPOs, compared to Rs 52,116 crore mob­ilised by 37 IPOs

Investors open wallets for equity MFs in choppy mkts

Equity mutual fund (MF) schemes have raked in Rs 46,200 crore in net lump-sum inflows in the past six months (ended February 2024), almost thrice the inflow in the previous six-month period. In February alone, investors poured Rs 11,500 crore

Sensex, Nifty drop on foreign fund outflows, weak US markets

Benchmark equity indices Sensex and Nifty declined on Tuesday due to losses in index major Reliance Industries and HDFC Bank amid sustained foreign fund outflows and mixed global trends. Photograph: PTI Photo from the Rediff Archives The 30-share BSE Sensex