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Economy
Indian tech sector saw 83 deals at $761 million in July-Sep, highest since Q2 2023
New Delhi: The Indian tech sector saw 83 deals valued at $761 million in the third quarter (Q3) this year, marking the highest volumes since Q2 2023, a report showed on Friday.
The deal activity grew 5 per cent in volume and 31 per cent!-->…
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Noel Tata likely to be appointed as new Tata Trusts Chairman
Mumbai: As the Tata Trusts board meeting began on Friday to discuss group's succession plans after the demise of Ratan Naval Tata, reports surfaced that Noel Tata is likely to be appointed as the new Chairman of Tata Trusts.
However, an!-->…
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NSE to discontinue three weekly options contracts including Bank Nifty
New Delhi: National Stock Exchange (NSE) has announced that weekly index derivatives contracts on Bank Nifty, Nifty Midcap Select, and Nifty Financial Services will be discontinued effective from November 13, November 18 and November 19,!-->…
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Demat accounts surge to 175 mn in India, active clients on NSE reach 47.9 mn
New Delhi: As Indian stock markets continue to outperform its global peers, the number of demat accounts increased to 175 million in the month of September, from 171 million in August, a report showed on Friday.
The number of active!-->…
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Sensex, Nifty open slightly lower, Bharti Airtel and Bajaj Finance top losers
Mumbai: Indian equity indices opened lower on Friday following weak cues from the US markets.
At 9.24 a.m., Sensex was down 142 points or 0.17 per cent at 81, 469 and Nifty was down 36 points or 0.12 per cent at 24,960.
Selling was seen!-->…
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India’s pharma, meditech exports rise to 4th largest in FY25, despite global slowdown
New Delhi: Exports of pharmaceutical and meditech sectors in India are expected to continue to grow despite global slowdown concerns, according to Arunish Chawla, Secretary, Department of Pharmaceuticals.
With 16 blockbuster drugs in the!-->…
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Monthly income of rural households rises 57.6 pc, financial savings up: Govt survey
New Delhi: The average monthly income of rural households saw a substantial rise of 57.6 per cent over a five-year period, up from Rs 8,059 in 016-17 to Rs 12,698 in 2021-22, according to government data on Thursday.
This indicates a!-->…
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Indian MF industry’s average asset under management up 2.97 pc in Sep
New Delhi: The mutual fund schemes in India saw an average asset under management (AAUM) growth of 2.97 per cent in the month of September, Association of Mutual Funds in India (AMFI) data showed on Thursday.
Moreover, the mutual fund!-->…
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Monthly SIP investments cross Rs 24,000 crore for first time in India
New Delhi: Monthly systematic investment plan (SIP) numbers in India surged to Rs 24,508.73 crore in the month of September, up from Rs 23,547.34 crore in August, which is a 4 per cent increase, the Association of Mutual Funds in India!-->…
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Sensex closes up by 144 points ahead of TCS Q2 results
Mumbai: Indian frontline indices closed with marginal gains on Thursday ahead of the Q2 results of the country's largest IT services firm, TCS, to be released later in the day.
Inflation data from the US after market hours will also be a!-->…
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