BUSINESS
Private Equity Investments in India Soar 39% to $10.9 Billion in January-September
India is still one of the most vibrant markets for financial sponsorship in Asia Pacific, accounting for at least 28 per cent of the equity money invested during the period in question-a market share that rose from 16 per cent in the same period last year, says a report by LSEG, a global financial markets infrastructure and data provider.
India's 100 Richest Tycoons Exceed $1 Trillion Milestone, with Gautam Adani in 2nd Place, Forbes List
The biggest dollar gainer is infrastructure magnate Gautam Adani, who posted a strong recovery from last year's short-selling attack and recently placed his sons and nephews in key positions, the report noted. With his brother Vinod (Adani), he added $48 billion to take the family's net worth to $116 billion, enough to retain the No. 2 position, it added.
Sensex Rises on Positive Global Signals
Early trade was positive. On NSE, 1,689 shares were trading in green while 475 shares trading in red.
India's GDP Expected to Surprise Again, Remain Significantly Above 7% This Year, PHDCCI
The post-Covid years have seen healthy growth of GDP at 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24, averaging more than 8 percent during the last three years," said Sanjeev Agrawal, President, PHDCCI.
Ratan Tata, Legendary Leader of Tata Group and Doyen of India Inc, Passes Away
Later, he issued a statement that he was undergoing certain routine medical examinations due to age-related health issues. He was then reported to have been put on life-support systems; however, he had neither confirmed nor denied his existence by the Tata Group officials. Chairman, Tata Sons, N Chandrasekaran stated that we are bidding adieu with a deep sense of sorrow to Mr. Ratan Naval Tata, an exceptionally rare leader whose immeasurable contributions have molded not only the Tata Group but also the very fabric of our nation. "For the Tata Group, Mr. Tata was much more than a chairperson.
Increasing Consumption and Strong Investment Demand to Drive India's GDP Growth, Shaktikanta Das
Das estimated the real GDP for Q2 FY25 at 7 per cent, Q3 at 7.4 per cent and Q4 at 7.4 per cent. The growth rate of real GDP of Q1 of the following year has been estimated at 7.3 per cent.
Nifty 50 Records Impressive 31.43% Growth in One Year, Report
The report stated that the Nifty Midcap 150 grew 7.1 per cent in the last three months, 25.59 per cent over the last six months, and as high as 47.36 a year ago.
Sensex Rises as Banking Stocks Lead the Gains
According to the market track at 9:59 a.m. on BSE, Sensex was up 258 points or 0.32 percent and Nifty was up 58.20 points or 0.23 percent, at 24,853.
Indian E-commerce Market Set to Hit $325 Billion by 2030, Report
According to findings, retailer is rapidly embracing the omnichannel strategies with tech-enabled experiential selling and new private labels for catering to India's price-sensitive yet aspirational consumers.
Ratan Tata Dismisses Ill Health Claims as 'Unfounded,' Says He is 'In Good Spirits'
Several reports in the media claimed that the 86-year-old was taken to a hospital and admitted to an ICU after his blood pressure had dropped.
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