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Business

IMF: Indian economy is yet doing well and stands as one of the world’s fastest expanding.

Facing global uncertainty and headwinds, the Indian economy will continue to perform well and maintain its position as one of the globe's fastest-growing economies, a senior International Monetary Fund official…

New norms for debt mutual funds: AMCs open subscriptions to international schemes

Many asset management companies (AMCs) have started subscribing to international schemes to maximize cash flows ahead of the new tax rules on debt mutual funds that come into effect from April…

Budget deals last-minute blow to debt investors.

The Indian parliament has lashed out at the country's burgeoning debt market. As part of the budget, he proposed an amendment to the Finance Act that would deprive debt mutual…

After Hindenburg tragedy, Adani Group ceased working on petrochemical projects worth 34,900 crores in Mundra.

Adani Enterprises Ltd incorporated Mundra Petrochem Ltd in 2021 to establish a greenfield coal-to-PVC plant at Adani Ports and SEZ Land in Gujarat. The sources said Adani group had suspended…

With US govt action, looming dangers for Indian startups decrease – Rajeev Chandrasekhar on SVB crisis.

The recent US government response to the failure of one of the biggest banks, Silicon Valley Bank, according to IT State Minister Rajeev Chandrasekhar, has eliminated the risk for Indian…

Foxconn, maker of iPhone, plans to open a plant in Telangana.

Young Liu, Chairman of Foxconn Technology Group, met Telangana Chief Minister K Chandrasekhar Rao in Hyderabad on March 2, where agreed that the company would set-up an electronics manufacturing plant.…

Fed, Adani-GQG deal and strong economic statistics drive D-Street rally on Friday

Indian Variable Income Markets finished negotiation week on a solid note since investors made happy positive factors. Sensex Zoom 1000 points closed at 59,808, while Nifty crossed 17,500 points and…

Feb

Fears of loss Adani Group portfolio send LIC near an all-time low

Life Insurance Corporation's (LIC) shares fell more than 1% on Friday, in line with a relatively weak market. Concerns about the insurance company's exposure to the Adani Group weighed on…

Wipro offers first-year students lower pay amid delays in onboarding.

IT major Wipro had earlier written to candidates offering Rs 6.5 lakh per annum (LPA), asking if they would accept the offer at 3.5 LPA. That comes amid an uncertain…

Adani puts on hold the $847 million acquisition of a coal-fired power plant in India

Adani Enterprises has decided to abandon a plan to acquire a coal-fired power plant with an estimated $847m investment, in what is likely an indication of a slowdown in the…