BUSINESS
Pharma, FMCG stocks lead Nifty gains
The Nifty 50 index gained 46 points to end at 19,574 on Tuesday, while the S&P BSE Sensex advanced 150 points to close at 65,780.
Small and mid-cap indices reach all-time highs
Strong domestic factors are providing crucial support for Indian equities, allowing them to maintain their strength despite attempts by weak global peers to disrupt the mood. India's service PMI remains robust at 60.2, indicating sustained demand even in the face of inflationary pressures, he said.
EV firm BluSmart crosses annual revenue run rate of Rs 400 cr
Operating in Delhi-NCR and Bengaluru, BluSmart has achieved a milestone of 5,000 electric vehicles (EVs). It has also set up over 3,900 EV charging points across 32 charging hubs at key locations in two cities.
Unicorn India Ventures announces 1st close of Fund III at Rs 225 cr
With the Fund III, UIV aims to build a portfolio of 25 startups that are focused in the global software-as-a-service (SaaS) and digital platforms.
DMRC breaks own record of highest daily passenger trips
The feat of 71.03 lakh trips was achieved on Monday.
China's stimulus measures expected to boost prices for ferrous metals in international market
China’s stimulus measures are also expected to boost prices for ferrous metals in the international market and we expect the steel prices in the export market to improve in the coming weeks.
IndiGo’s board grants approval for incorporation of wholly-owned subsidiary
“The primary focus will be investing in early-stage companies operating in aviation and related consumer sectors, such as travel, lifestyle, hospitality, and transportation,” said an airline official.
IT index up 4.2% in a week as large caps join the rally
Mid-cap IT has been doing well and now large-caps like HCL Tech, Infosys and Wipro have joined the rally. The order pipeline of IT companies is expected to improve on the back of the expected soft landing of the US economy, he said.
Qantas CEO to quit 2 months earlier amid controversies
Chief Financial Officer Vanessa Hudson will become Qantas' first female boss when she succeeds Joyce on Wednesday, the BBC reported.
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