Business
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Nifty midcap100 up 44%, smallcap100 surges 54%
New Delhi: Domestic markets are ending the year 2023 on a buoyant note as Nifty scales above 21,500 mark while the Sensex crosses 71,000. Investor’s sentiments got a big boost in November…
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Broader market rally cannot continue for long, warn analysts
New Delhi: The concern in the market now is the excessive valuations in the mid and small-cap segments, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Retail exuberance and sustained…
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Govt grants LIC exemption from 25% public shareholding rule till 2032
New Delhi: Government-owned Life Insurance Corporation of India (LIC) said on Thursday that the Finance Ministry has granted it a one-time exemption from the minimum 25 per cent public shareholding rule. The…
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Zomato offers to acquire logistics platform Shiprocket for $2 bn: Report
New Delhi: Online food platform Zomato has made an offer to acquire homegrown logistics solution provider Shiprocket for close to $2 billion (more than Rs 16,600 crore), media reported on Thursday. Zomato…
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Rupee falls 9 paise to settle at 83.27 against US dollar
Mumbai: The rupee fell by 9 paise to settle at 83.27 against the US dollar on Thursday, December 21, as withdrawals of foreign funds amid concerns over global trade disruption through the…
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Apple Watch ban may cost firm $300 to $400 mn in sales: Report
San Francisco: Apple’s decision to stop selling two of the latest models of Apple Watches — Series 9 and Ultra 2 — in the US this week could cost the company hundreds…
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Saving Big: Paytm’s smart move with AI to spur profit surge
New Delhi: Fintech giant Paytm is leveraging artificial intelligence (AI) to revolutionise payments and financial services like wealth management, Paytm Founder and CEO Vijay Shekhar Sharma said in an interview with Bloomberg.…
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Apple loses bid to halt Watch sales ban in US
San Francisco: The US International Trade Commission (ITC) has denied Apple’s bid to delay an import and sales ban on the Watch Series 9 and Watch Ultra 2 amid a patent dispute.…
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realme C67 5G sets new benchmark with highest offline sales in C Series
New Delhi: realme’s unwavering commitment to making 5G technology accessible to all, particularly the tech-enthusiast younger generation, has propelled the consistent growth of its 5G product range. As a frontrunner in popularising…
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Shareholders approve Byju’s FY22 audited financials
New Delhi: Edtech major Byju’s shareholders have approved the company’s audited financials for the fiscal year 2022 at its high-voltage Annual General Meeting (AGM). The AGM also cleared a resolution on reappointment…
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Lava launches new 5G smartphone with 6.78-inch display, 8GB RAM
New Delhi: Domestic smartphone brand Lava on Thursday launched a new smartphone — Storm 5G, with a 6-78-inch display and 8GB of RAM. The smartphone will be available in two colour variants…
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Saving Big: Paytm’s smart move with AI to spur profit surge
New Delhi: Fintech giant Paytm is leveraging artificial intelligence (AI) to revolutionise payments and financial services like wealth management, Paytm Founder and CEO Vijay Shekhar Sharma said in an interview with Bloomberg.…
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Zee, Sony to discuss extension of merger deadline
New Delhi: Zee Entertainment Enterprises said on Wednesday that Sony Pictures Networks India has agreed to discuss the extension of the merger deadline. “The company is now in receipt of a communication…
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Equities witness second day of consolidation amid positive global cues
Mumbai: Domestic equities witnessed a second day of consolidation amid positive global cues on Tuesday. Nifty opened higher and touched new lifetime high of 21,505 before ending Tuesday with minor gains of…
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ONDC, Meta kick-off partnership to support small businesses in India
New Delhi: ONDC and Meta on Tuesday partnered to enable small businesses in India build seamless conversational buyer and seller experiences on WhatsApp through an ecosystem of Meta’s business and technical solution…
