BUSINESS
Binny Bansal Resigns from PhonePe Board
PhonePe also announced the appointment of Manish Sabharwal as an Independent Director and Chair of its Audit Committee.
Mumbai, Delhi Rank Among Top 5 Prime Residential Markets in Asia-Pacific
Mumbai ranked third on the annual prime residential price growth index for the APAC region in the report by Knight Frank, recording an 11.5 per cent YoY increase in luxury property prices in Q3 2024. “Mumbai’s outperformance is in line with the performance of Indian stock markets.
Bulls Dominate Dalal Street, Sensex and Nifty Surge Over 2%
The rally in financial stocks and strong US labour market data were among the factors that drove the Sensex and Nifty up more than 2 per cent. A rally in the blue-chip bank stocks also helped the benchmark indices jump in Friday's trade.
VC Funding in China Drops 26.8% from Jan-Oct, While India Sees Surge
According to GlobalData, a leading data and analytics company, "This marks a year-on-year (YoY) decline of 22.5 per cent in VC deal volume, while the total disclosed funding value declined by 26.8 per cent."
Indian Stock Market Opens in Green, Sensex Jumps 459 Points
In early trade at around 9:41 am, Sensex was trading at 77615.50 after gaining 459.71 points or 0.60 percent, while the Nifty was at 23,489.75 after gaining 139.85 points or 0.60 percent.
Indian MSMEs Generate Around 10 Crore Jobs in 15 Months
According to the figures, the number of registered MSMEs has now gone up to 5.49 crore from 2.33 crore in August last year while the number of jobs reported by these enterprises has shot up to 23.14 crore from 13.15 crore during this period.
India's Economic Activity Sees 8-Month High Growth in October: Report
According to the report by ICRA, a credit rating agency, the acceleration in growth momentum was largely due to the favorable impact on sectors such as mining and electricity of the departure of the monsoon, healthy demand during the festive period fuelled vehicle registrations, fuel consumption, air travel and export growth.
India’s Insurtech Sector Achieves 12X Revenue Growth Over Five Years
With more than 150 insurtech companies, 10 unicorns, and soonicorns, and more than 45 minicorns, the sector has seen 12 times increase in revenue over the last five years to reach $750 million, according to the report by Boston Consulting Group (BCG) in collaboration with the India InsurTech Association (IIA).
RBI Issues Warning About 'Deepfake' Video of Governor Circulating on Social Media
"It has come to the notice of Reserve Bank of India that fake videos of the governor are being circulated in social media that claim launch of or support to some investment schemes by the RBI.".
Britain-India Free Trade Talks to Begin in 2025, Aims for ‘New Strategic Partnership’: Starmer
Statement by Starmer after his meeting with Prime Minister Narendra Modi on the sidelines of the G20 summit yesterday said: "A new trade deal with India will support jobs and prosperity in the UK – and represent a step forward in our mission to deliver growth and opportunity across our country".
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