India is projected to contribute 22% to the global Engineering Research and Development (ER&D) sourcing market by FY30, says a Nasscom-BCG report. According to a Nasscom-BCG report titled ‘Seizing the ER&D Advantage: Frontiers for 2030’, India’s market share will increase from $44-45 billion in 2023 to $130-170 billion by FY30, making it a preferred destination […]
Month: February 2023
Valiant Lab IPO subscribed 71% on day two of subscriptionValiant Lab IPO subscribed 71% on day two of subscription
The initial public offer (IPO) of pharmaceutical ingredient manufacturing firm Valiant Laboratories was subscribed 71 per cent on day two of subscription on Thursday. The initial share sale received bids for 54,25,770 shares against 76,23,030 units on offer, as per NSE data. The IPO is an entirely fresh issuance of up to 1.08 crore equity […]
Oil climbs with tight supply back in focusOil climbs with tight supply back in focus
Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand. Brent crude futures climbed 48 cents, or 0.5%, to $93.75 a barrel by 0110 GMT after settling 3 cents lower on Friday. […]
Closing Bell: Markets end in the red dragged down by pharma, Nifty below 19,700 and Sensex slips to 66,000 levelsClosing Bell: Markets end in the red dragged down by pharma, Nifty below 19,700 and Sensex slips to 66,000 levels
The markets extended decline for the fourth straight session and lost nearly half a percent. Profit booking continued in the market and after the initial uptick, the Nifty oscillated in a narrow range. It finally settled around the day’s low at 19,674.25 levels. The Sensex also slipped 221 points and ended the day at 66,009. […]
Samsung Galaxy Book 3 Pro rough-cut: Everything to know in 5 pointsSamsung Galaxy Book 3 Pro rough-cut: Everything to know in 5 points
1/5 Samsung’s Galaxy Book 3 Pro takes everything we loved about last year’s Galaxy Book 2 Pro and makes it bigger, better, faster and smarter. There is more screen real estate, Intel’s latest chip, more power-packed speaker setup and more, all the while keeping things air-tight when it comes to portability making the Book 3 […]
Nifty to defend 19600 or give up gains? See GIFT Nifty, FII data, crude, F&O ban, more before market opensNifty to defend 19600 or give up gains? See GIFT Nifty, FII data, crude, F&O ban, more before market opens
GIFT Nifty traded mildly higher during Thursday’s early trading session at 19,626, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. Indian equity indices NSE Nifty 50 and BSE Sensex closed in the green on Wednesday after trading in the red, extending gains for the fourth session. Nifty 50 ended at […]
Very strong case for investing in India; rising rates, volatile markets behind exits slowdown: Renuka RamnathVery strong case for investing in India; rising rates, volatile markets behind exits slowdown: Renuka Ramnath
Multiples Alternate Asset Management, a homegrown private equity firm, last week announced the first close of $640 million for its new fund. Renuka Ramnath who is the founder and managing director and CEO of the fund management firm, in an interview with Raghavendra Kamath discusses the fundraising environment and the fund manager’s strategy going forward. […]
Markets remain in a short term uptrend, buy Murudeshwar Ceramics, Godrej IndustriesMarkets remain in a short term uptrend, buy Murudeshwar Ceramics, Godrej Industries
By Subash Gangadharan On the Daily chart we observe that Nifty has taken out the recent swing highs of 18,135 and 18,201, indicating the uptrend remains intact. With the Nifty making a higher bottom at 18,055, we expect the Nifty to consolidate in a range between 18,055-18,450 in the near term. A bigger fall is […]
Spectacular Bihu programme in Guwahati, PM Modi attends the celebrations – PhotosSpectacular Bihu programme in Guwahati, PM Modi attends the celebrations – Photos
1/7 Prime Minister Narendra Modi attended the mega Bihu programme performed by more than ten thousand Bihu dancers at the Sarusajai Stadium in Guwahati, Assam, on Friday. Chief Minister of the state Himanta Biswa Sarma was also present at the event.Addressing a gathering PM Modi said that Rongali Bihu is a festival of heart and […]
Global Markets: Asian stocks climb as traders shrug off inflation surpriseGlobal Markets: Asian stocks climb as traders shrug off inflation surprise
Asian stocks rose on Thursday, as traders figured a small upside surprise for U.S. inflation was unlikely to push up interest rates and turned their focus to a European Central Bank meeting later in the session. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4% in early trade. Tokyo’s Nikkei rose 0.8% to a […]