BUSINESS
Report Highlights India's Unemployment Drop to 3.1% in 2023
However, the national savings of India jumped to 33.4 per cent of the GDP in 2023 from a mere 29.9 per cent the previous year, which was very significant. This number signifies that there is a remarkable emphasis on being more prudent financially and also, on the other hand, making investments.
Surging Past Apple: Nvidia's $3 Trillion Market Cap Fueled by AI Boom
This is a stupendous feat achieved by Nvidia, crossing over a market cap of $3 trillion, largely sustained by exponential growth in the artificial intelligence domain.
Sensex Surges by 692 Points, Nifty Ends Above 22,800: Market Highlights
At the end of trading hours, the S&P BSE Sensex was up 692 points, or 0.93 percent, at 75,074. The Nifty 50 was up 201 points, or 0.89 percent, at 22,821 at the close.
Apple's iPhone Sales Surpass $1.95 Trillion: Report
During the first quarter (Q1) of 2024, Apple shipped 50.1 million of its ever-popular smartphones, five million less than during the same period last year. And so, iPhone sales revenue fell by almost 10 percent, amounting to $45.9 billion, according to information published on the website Stocklytics.com.
'India's economic fundamentals remain robust': Nomura after 2024 Lok Sabha election results
The Election Commission of India counted votes polled for all 543 seats, where the BJP won 240 and the Congress 99. Nomura said India's economic foundation continues to be robust, and the reforms have broadly endured under different political regimes. It observes obstacles in the form of labour and land reforms as well as the government's continued push for administrative and governance reforms.
Markets recover in early trade after Tuesday's sharp decline
Following a severe loss on Tuesday, the 30-share BSE Sensex made a remarkable recovery, rising 948.83 points to 73,027.88 in early trade. To reach 22,131.60, the NSE Nifty increased by 247.1 points.
Am an investor in space startup Agnikul Cosmos, reveals Anand Mahindra
On Thursday, the Agnibaan SOrTeD (SubOrbital Technological Demonstrator) rocket created a landmark moment for India by being the first ever semi-cryogenic engine-powered rocket launch to be entirely conceived and made in the country.
Adani Group's Market Cap Recovers to Pre-Hindenburg Levels Amid Huge Stock Rallies
Topping the day's opening bell, shares of all Adani Group firms opened strongly in the green. The individual growth of major constituents such as Adani Enterprises was up by more than 9%, while Adani Ports and Special Economic Zone marked its lifetime high with a 10% increase.
Rare Market Phenomenon: Rs 12 Lakh Crore Added to Stock Markets in One Day
The Bank Nifty index scaled a historical peak of 51,000 and closed at 50,979. The significant gains in the banking sector were led by Bank of Baroda, which rose by 12.10 per cent, followed by the State Bank of India at 9.07 per cent. The market capitalization of the SBI crossed the Rs 8 lakh crore mark, and it is the seventh company to reach this milestone in the country.
After successful launch of Agnibaan rocket, Agnikul Cosmos aims to launch satellites by 2025: CEO Ravichandran
Agnikul co-founder and CEO Srinath Ravichandran said: "With our ability to do semi-cryogenic engines and rockets additively manufactured on 3D-printers, we offer a very fast turnaround time to our customers, enabling launch vehicle customization to a customer's specific need in a matter of months.".
Don't Miss
Advertisement