India's hardware exports have demonstrated a remarkable 15 per cent year-on-year growth in 2023, highlighting the country's burgeoning competitiveness in the global market, said Ashwani Kumar, President, the Federation of Indian Export Organisations (FIEO) on Friday.
At close, the Sensex was down 56.74 points or 0.07% at 81,709.12, and the Nifty was down 30.60 points or 0.12% at 24,677.80.
Amid the ongoing crisis post the US SEC allegations on the Adani Group, J P Morgan said it does not see “any signs of stress” across the key listed businesses of Adani. It also said most of them have leverage of less than five times.
Nomura lowered its financial year 2025 third-quarter estimate for India's passenger vehicle (PV) industry to 1% year on year, which was 4% earlier. It maintained its estimate at 6% YoY for FY26/3F.
The National Highways Authority of India (NHAI) will issue green bonds worth Rs 1,000 crore to raise funds for the implementation of environment-friendly measures such as solar lighting
Companies are looking at leveraging the best of tech talent to not only improve user and client experience but also for exploring new growth avenues.
The locally-assembled iPhone 14 will go on sale in the country in the fourth quarter, as the company bolsters its local manufacturing.
The rapid expansion of digital infrastructure for over a decade, including the introduction of Aadhaar, and accelerated consumer adoption during the ongoing Covid pandemic had the country reaping benefits on the retail business side.
Much of the weakness in the rupee is on account of a strong US dollar index and not just because of India's domestic economic fundamentals, said SBI Research in its latest report.
So far in September, FPIs bought Rs 8,638 crore worth of equities in India, the latest data available from National Securities Depository showed. In July and August, they infused Rs 4,989 crore and Rs 51,204 crore, respectively. September 2021 was the last time when foreign investors were net buyers.
