BUSINESS
Amazon Ventures into Hydrogen Fuel Production for Self-Powered Vehicles
As part of Amazon's commitment to decarbonize its operations by 2040, the use of hydrogen is considered a crucial tool. The on-site production of hydrogen through the partnership with Plug Power is expected to enhance energy efficiency for certain locations and types of facilities.
Report Reveals Big 5 Tech Giants, Including Apple and Microsoft, Contributed $3.9 Trillion to Their Stock Value This Year
The combined stock value of the Big Five tech companies—Apple, Microsoft, Alphabet, Amazon, and Meta—witnessed a monumental increase in 2023, collectively adding $3.9 trillion to their stock value.
Facebook, Instagram, YouTube, and Others Rake in $11 Billion in Collective Ad Revenue, Study Finds
Using a comprehensive set of public survey and market research data from 2021 and 2022, the researchers estimated the number of youth users on these platforms and the corresponding advertising revenue.
RBI Increases SBI, HDFC Bank Weight in 'Too Big to Fail' List
In its update, the RBI announced that while ICICI Bank retained its position in the same bracket as the previous year, both SBI and HDFC Bank have been moved to higher buckets – SBI from bucket 3 to bucket 4 and HDFC Bank from bucket 1 to bucket 2.
PSU Stocks Dominate: 9 of Top 15 Traded on NSE Belong to Public Sector Category
Notably, activity was focused on PSU (Public Sector Undertaking) stocks, with nine out of the top 15 traded stocks on the NSE falling into this category.
Market Surges to New Highs, Oil & Gas Stocks Lead with Strong Performance
The benchmark indices closed at record highs for the fifth consecutive day, with the Nifty reaching 21,778.70, up by 0.57%, and the Sensex ending at 72,410.38, up by 0.52%.
India's Economy Sustains Stable High Growth Supported by Strengthened Banks: RBI
Financial institutions are playing a crucial role in sustaining credit growth, supported by robust earnings and solid capital buffers.
Teslas Potential EV Plant in Gujarat Elon Musks Expected India Visit Next Month
Gujarat, famed for its strategic positioning and business-friendly ambiance, emerges as Tesla's favored spot for this manufacturing endeavor.
NBFC’s vehicle loan AUM to vroom to Rs 8.1 lakh cr by 2025
According to CRISIL Ratings, the NBFC’s vehicle financing AUM will touch Rs 8,10,000 crore from Rs 5,90,000 crore as on March 31, 2023.
HPCL Leads Surge in Oil and Gas Stocks, Contributing to Market Gains
Among the major movers in the sector, HPCL led the way with a remarkable 6.7% increase, followed by IOC gaining 3.6%, GAIL rising by 3%, and Petronet LNG securing a 2.6% uptick.
Don't Miss
Advertisement