Business News - Page 30

US stock market: Wall Street indices hover around all-time highs, investors eye inflation data

The Dow Jones Industrial Average edged up less than 0.1 per cent, closing at 39,127.80. The S&P 500 gained 0.2 per cent, ending at 5,477.90, while the tech-heavy Nasdaq Composite Index rose 0.5 per cent to 17,805.16

With bids worth 12% of target amount, spectrum auction ends in just two days

It is the 10th spectrum auction since the process for sale of radiowaves started through an online bidding process in 2010

Overseas Indians do it again, remittances cross $100 bn for second year

The net remittances, at the current levels, are almost double the level of net foreign investment -- combination of FDI and portfolio investments -- of $54 billion during the year

Stock market today: Shares of Tata Steel, Ultratech Cement, Coforge, Tantia Constructions, and Zee Ent in focus

Shares of Tata Steel, Ultratech Cement, and Coforge are likely to be in focus on Wednesday due to developments related to acquisitions. While CE Info Systems is expected to trend due to a block deal, Tantia Constructions may be in the limelight due to an order it received. Shares of Zee Entertainment are expected to be buzzing, too

US stock market: Nasdaq outperforms as Nvidia shares rebound; Wall Street stocks see mixed close

The Dow Jones Industrial Average fell 0.8 per cent to 39,112.16, while the broad-based S&P 500 rose 0.4 per cent to 5,469.30. The tech-heavy Nasdaq Composite Index outperformed other major indices on Wall Street, closing up 1.3 per cent at 17,717.65. The bounce-back by Nvidia shares helped

Stock market today: Shares of Zee Entertainment, Delta Corp, Bandhan Bank, IndiGo in focus

Shares of Zee Entertainment and Delta Corp are likely to be in focus over news of acquisitions. Borosil and Prestige Estates Project stocks are expected to trend due to QIP-related developments. Shares of Bandhan Bank and IndiGo are also likely to be in focus

India set for Rs96,317.65 cr spectrum auction on Tuesday

Major telecom players like Reliance Jio, Bharti Airtel and Vodafone Idea expected to bid potentially spending around Rs15,000 crore

US stock market: Nvidia shares pull down Nasdaq, but Dow Jones at one month-high

On Monday, June 24, stocks from various sectors saw an upward trend, pushing the blue-chip Dow Jones to a one-month high. Investors shifted their focus away from AI-related stocks and added some underperforming stocks to their portfolios, resulting in a steep fall for Nasdaq

India's gold is coming home, overseas gold reserves drop to 6-year low

The RBI started bringing the gold to India in March 2022, coinciding with Russia's full-scale invasion of Ukraine

Why world's biggest bond investors are set to bet big on India

JPMorgan is set to include India in its largest emerging-market bond index on 28 June. This move is expected to drive global investment in Indian debt up by $40 billion, according to Goldman Sachs. From higher return on investment to strength of the Indian economy, we explain the factors reeling in investment in the Indian government's debt

Stock market today: Shares of Biocon, GRSE, IOC, ONGC, Sun Pharma, and TVS Motors in focus

GIFT Nifty, around 8:40 am on Monday, was in the red by 93.5 points or 0.45 per cent at 23,373.5. The index hinted at a negative start for the market on June 24. The India VIX, an indicator of volatility in the market, was down 1.24 per cent or 0.16 points at 13.18. Ahead of the market opening, here's a look at stocks to watch

Despite all time rise in 2023, Indian deeptech startups facing funding challanges: report

Indian deeptech startups raised about USD 10 billion in the last 5 years. Total USD 850 million was raised in 2023 itself -- this is a 77 per cent decline over USD 3.7 billion raised in 2022. The number of deals, meanwhile, declined by 25 per cent in 2023 over 2022, report said

Will your foreign trips become cheaper? Big GST decision on airlines likely today

Over the past few months, foreign airlines with set-ups in India have been sent GST notices over the non-payment of tax on import services by Indian entities

Use fintech apps like Cred, PhonePe to pay credit card bills? July 1 could bring bad news

Platforms like PhonePe and Cred, which are members of BBPS, will not be able to process credit card dues for large banks and other non-compliant lenders. Industry insiders fear that this could lead to a substantial decrease in transaction volumes

India is expected to add at least 152 unicorns over the next 3-5 years

The majority are involved in selling software and services, with only 18 per cent focusing on physical products. Additionally, 44 per cent of these companies target business clients, while 56 per cent are consumer-facing

Mirae launches India’s first ETF for people bullish on Indian EVs

The fund aims to provide investors with opportunities for long-term capital appreciation by investing in the equity of companies leading the charge in the dynamic and rapidly evolving automotive sector, as well as those involved in the entire value chain

Stock market today: GIFT Nifty suggests flat start; Shares of JSW Infra, GE Power, JM Financial, Amara Raja Energy in focus

JSW Infrastructure shares are likely to be in focus due to the formation of a sbsidiary. Those of GE Power are expected to trend due to an order received by the company. Shares of JM Financial will be in focus due to a SEBI directive, while those of Amara Raja Energy may buzz because of an acquistion

US stock market: Nvidia shares slip, tug Nasdaq, S&P 500 down from record highs; Dow Jones outperforms

The S&P 500 slipped 0.3 per cent, losing 13.86 points to settle at 5,473.17. The Nasdaq Composite also retreated from its record, declining 0.8 per cent, or 140.64 points, to 17,721.59. Bucking the trend, the Dow Jones Industrial Average climbed 0.8 per cent or 299 points to reach 39,134.76

Stock market today: Shares of Som Distilleries, Yatra Online, Gokaldas Exports, Sun Pharma, Indus Towers in focus

The GIFT Nifty index, around 8:30 am on Thursday, was up 7 points or 0.03 per cent at 23,521.5, indicating a flat start for Dalal Street. The India VIX, an indicator of volatility in the market, was up 5.77 per cent or 0.75 points at 13.71. Ahead of the market opening on Thursday, here's a look at stocks to watch

Parul University Launches Industry-Tailored Online MCA Program for Aspiring Tech Professionals

Parul University's online programs represent a paradigm shift in education, offering learners the opportunity to acquire specialized skills and pursue rewarding careers in their respective fields

Parul University's BCA Program: Developing Technological Talent for Industry Success

Parul University's Online BCA program offers a transformative journey, equipping students with vital skills for success in the tech field

Stock market today: Shares of Tata Motors, Kotak Mahindra Bank, NMDC, Gland Pharma, Bharat Forge in focus

The GIFT Nifty index, on Wednesday around 8:20 am, was up 67.5 points or 0.29 per cent at 23,658 level. It suggested a positive start for the Indian stock market on Wednesday. From Tata Motors making further inroads in offering electric vehicles to China, to block deals in Indus Towers and Gland Pharma, here's a look at stocks to watch today

US stock market: Another day of record highs for Nasdaq, S&P 500 as Nvidia rides high on the AI wave

The S&P 500 rose 0.3 per cent or 13.80 points to close at 5,487.03, marking its 31st all-time high of the year. The Nasdaq composite edged up less than 0.1 per cent, adding 5.21 points to reach 17,862.23, its seventh straight record close. The Dow Jones Industrial Average added 0.1 per cent or 56.76 points to 38,834.86

Nvidia beats Microsoft to become world's most valuable company

Semiconductor giant Nvidia has seen its shares surge 173% this year as its chips have become central to the artificial intelligence (AI) industry

India's FY25 net direct tax collection surges 21% till June 17, gross sees 22% growth

The Ministry of Finance, in a statement, said the provisional figures of Direct Tax collections for FY 2024-25 (as on June 17, 2024) show that Net collections are at Rs 4,62,664 crore, compared to Rs 3,82,414 crore in the corresponding period of the preceding 2023-24

Coca Cola has a billion-dollar offer for four India Inc. biggies, and it is...

The move is part of Coca-Cola’s strategy to bolster its bottling operations in India

Explained: Why Paris lost its crown as Europe’s biggest stock market to London

Paris has relinquished its title as Europe's largest equity market to London following a week of political upheaval in France, triggered by Emmanuel Macron's announcement of snap elections. The collective value of stocks on Euronext Paris has dropped by approximately $258 billion, reducing the market capitalisation of French companies to around $3.13 trillion

Stock market today: Here's why shares of Zomato, Paytm, TCS, Ixigo, LIC, RVNL, and Bharti Airtel are in focus

Shares of Zomato, Paytm, and BLS E-services are likely to be abuzz on news of acquisitions. TCS stocks may be dipped in red owing to a US court's decision against the company. Shares of Bondada Engineering and RVNL are expected to be active in light of new orders. Here's a look at these are other stocks expected to keep the bourses buzzing on Tuesday

US stock market: Another record closing for Nasdaq, S&P 500 a tech shares zoom

The S&P 500 advanced 0.8 per cent to a record 5,473.23. The tech-rich Nasdaq Composite increased 1 per cent to a new peak of 17,857.02. Meanwhile, the Dow Jones Industrial Average gained 0.5 per cent, or 188.94 points, closing at 38,778.10

Union Budget 2024: Modi govt mulling income tax rate cuts, all you need to know

A deduction in personal tax may help increase consumption in the economy and enhance savings for the middle class