BUSINESS
FIIs unlikely to pour more money into Indian market as they did in June, July
Rather than looking at index movements, investors may focus on performing sectors like capital goods, automobiles and construction. High quality banking stocks present opportunities for buy on dips, he said.
Indian banks may see a decline in their earnings as net interest margins stop rising
The largest private and public sector banks in India experienced higher net profits in the April-to-June quarter, benefiting from their ability to quickly pass on increased rates to customers while paying less for deposits.
Younger startups in India are now disrupting the normal: MoS IT
Addressing the G20 ‘Digital Innovation Alliance’ summit in Bengaluru, the Minister said that three trends are happening that are of interest to startups which are part of the innovation economy.
OpenAI acquires digital product company Global Illumination
Global Illumination is a New York-based company that has been leveraging artificial intelligence (AI) to build creative tools, infrastructure and digital experiences.
Texas to impose fee on electric vehicles
If they want to buy another EV, that will cost $400 upfront, according to a new state law imposing the new fee on EVs to replace gas taxes lost to electrification. The fee will not apply to hybrid vehicles, Xinhua news agency reported.
Sitharaman meets JBIC governor, seeks greater investments for India
"FM Nirmala Sitharaman met Hayashi Nobumitsu, Governor, Japan Bank for International Cooperation (JBIC), in New Delhi, today, to exchange views on JBIC's recent activities in India contributing towards Japan’s investment target of five trillion yen over next five years," the Finance Ministry said in a series of tweets on X (formerly Twitter).
Vishwakarma scheme will augment efforts of small artisans: PM Modi
Earlier in the day, Union cabinet had cleared the Rs 13,000 crore for PM Vishwakarma Yojana, under which artisans engaged in 18 traditional trades like blacksmiths, cobblers, ironsmiths and fishermen among others, will be provided recognition through PM Vishwakarma certificate and ID cards.
Symbolic RBI rate hike to have adverse implications for equity markets
This is even more likely because the RBI views inflation as primarily a monetary phenomenon requiring monetary policy action to control inflation, irrespective of whether it is supply or demand sided.
Nepal requests India to provide rice, sugar
The request was made last week through the Ministry of Foreign Affairs to the Indian side.
Intel cancels $5.4 bn acquisition of Tower Semiconductor, to pay $353 mn as fine
"In accordance with the terms of the merger agreement and in connection with its termination, Intel will pay a termination fee of $353 million to Tower," Intel said.
Don't Miss
Advertisement