Business
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Fund outflows dent indices; power stocks down
Mumbai: Persistent selling pressure from FIIs as well as profit bookings subdued India’s key indices — S&P BSE Sensex and NSE Nifty50 — on Monday. This was the fourth consecutive session of…
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NSE fraud: CBI grills Ravi Narain, the CEO before Chitra
Mumbai: The Central Bureau of Investigation (CBI) on Saturday grilled former NSE director Ravi Narain who served as the CEO of NSE before Chitra Ramakrishna in connection with the probe into certain…
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Specialty chemical maker Vikas EcoTech’s shares up over 200% in 1 yr
New Delhi: Vikas EcoTech shares gained over 200 percent over the past one-year period evidently due to the announcement of production-linked incentives to reduce import dependency for various products. Founded in 1984,…
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Global artificial intelligence spending to reach $434 bn in 2022
New Delhi: The global revenues for the artificial intelligence (AI) market, including software, hardware, and services, is forecast to grow 19.6 per cent (on-year) in 2022 to $432.8 billion, according to a…
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Tesla to accept Dogecoin as payment at Supercharging station
San Francisco: Tesla CEO Elon Musk has announced that the company’s supercharging station will accept cryptocurrency Dogecoin as payment. Santa Monica Supercharger will officially accept Dogecoin as payment, making it the first…
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Semicon India Programme receives proposals worth $20.5bn
New Delhi: The Centre has received 5 proposals for ‘Semiconductor’ and ‘Display Fabs’ manufacturing worth $20.5 billion. Accordingly, the proposals were received during the first round of application submission for the Centre’s…
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Automakers have no choice but to become tech or software firms
New Delhi: As digital technology becomes the differentiator in the car, automakers will soon have no choice but to become tech or software companies themselves, a new report has forecast. The automotive…
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India’s industrial activity expected to gather pace: Crisil Research
New Delhi: India’s industrial activity is expected to gather pace in the coming months owing to a gradual pick-up in consumption as well as investment demand. Notably, the latest Index of Industrial…
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An unknown person was running NSE and Chitra was merely a puppet in his hands
New Delhi: It is the unknown person, now referred to as the “Himalayan yogi” who was running the National Stock Exchange (NSE) and the then MD and CEO Chitra Ramakrishna was ‘was…
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High oil prices, trade deficit to subdue rupee
New Delhi: High Crude oil prices along with a wider monthly trade deficit is expected to subdue the Indian rupee in the coming week. Accordingly, the rupee is expected to seesaw between…
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Re-opening of offices, institutions to boost two-wheeler sales
New Delhi: Re-opening of offices as well as educational institutions is expected to give a boost to two-wheeler sales volume on a sequential basis. Accordingly, the sequential improvement is expected to sustain…
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Global DRAM memory market, prices down in Q4: Report
Seoul: Global dynamic random access memory (DRAM) shipments dropped nearly 6 per cent in the fourth quarter from three months earlier, a report showed on Friday, amid sluggish demand from manufacturers that…
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Volkswagen acquiring Huawei’s autonomous driving unit
New Delhi: German motor vehicle manufacturer Volkswagen is in talks with Huawei to acquire its autonomous driving unit for billions of dollars, the media reported. According to Germany’s Manager Magazin, Volkswagen and…