The announcement of orders totaling Rs 878 crore on June 11 caused Stock of NBCC India to soar by more than 9%. Significant orders from the Institute of Company Secretaries of India, Oil India, Hindu College in Delhi, and Kochi Metro Rail Limited are among the major contracts, which total almost Rs 700 crore. At … Read more
On June 11, two block sales totaling Rs 2,656 crore witnessed the exchange of 41.20 crore shares, or 6.8% of the shares held by IRB Infrastructure Developers. This transaction, which was carried out by Cintra, an affiliate of Ferrovial, was executed at an average price of Rs 64.40 per share. It has started a 150-day … Read more
Multiple industry stakeholders, including Electric vehicles Industry makers, told Moneycontrol that, despite the challenges of a coalition government, the focus on the EV ecosystem and net zero emissions will remain under Modi 3.0. With the National Democratic Alliance (NDA) administration returning for a third term, the auto industry anticipates a significant boost to electric vehicles … Read more
US Secretary of State Antony Blinken is making his ninth trip to the region since Hamas’ attack on Israel on October 7, with the goal of brokering a ceasefire in Gaza and preventing the violence from spilling over into Lebanon. Blinken will also visit Jordan and Qatar, meeting with important officials to advocate President Biden’s … Read more
The first week of June saw a withdrawal of approximately Rs 14,800 crore from Indian stocks by Foreign Portfolio Investors (FPIs), mostly due to the allure of excellent Chinese market valuations and the outcome of the Lok Sabha election in India. This comes after net outflows in prior months as a result of political unpredictability … Read more
The market valuation of eight of the top ten domestic companies increased by Rs 3.28 lakh crore all together last week, with TCS, Hindustan Unilever, and Reliance Industries leading the increases. This development was also significantly aided by a rise in the BSE benchmark index. Notable Profits During Market Upswing : Eight of the 10 … Read more
The monthly per capita consumption of cereal in rural India declined to less than 10 kg in 2022–2023, a trend that is expected to continue. Moreover, the amount consumed in cities fell, from 9.32 kg in 2011–12 to 8.05 kg. The Household Consumption Expenditure Survey (HCES) conducted by the Ministry of Statistics and Programme Implementation … Read more
The Flipkart and PhonePe platforms of Walmart are expected to undergo their initial public offerings (IPOs) in the next years, as stated by Dan Bartlett, Walmart’s senior vice president for corporate affairs. During the company’s shareholder meeting in Bentonville, Arkansas, Bartlett emphasised that although Flipkart is a more established player, PhonePe may receive preference because … Read more
Among the 10 Indian startups listed in the World Economic Forum’s Technology Pioneers 2024 list are Pixxel, Sarvam AI, and Niramai. This esteemed list, which consists of 100 of the top tech startups, showcases businesses that are using AI innovations to provide solutions for clean energy, biotech, space, healthcare, and neurotechnology. Among the notable prior … Read more
The biggest cryptocurrency exchange in India, CoinDCX, has introduced CoinDCX Prime, a noteworthy move that reflects the changing nature of the sector. High-Net-Worth Individuals (HNIs), family offices, and institutional investors are served by this custom service, which provides individualised investments and cutting-edge yield production tactics. Under this project, CoinDCX hopes to increase its assets under … Read more