BUSINESS
Navi Mumbai International Airport Set to Begin Operations by Year-End, Announces Scindia
Scindia highlighted the significance of the Mumbai Trans Harbour Link (MTHL), which is set to be inaugurated by Prime Minister Narendra Modi. The MTHL, built at a cost of Rs 21,200 crore, is the longest sea bridge in India and the 12th longest in the world.
Infosys Drives Sensex: Stock Soars 7%, Fueling a Gain of Over 600 Points
Tech Mahindra (NS:TEML) witnessed a gain of over 4%, Wipro (NS:WIPR) also saw an increase of more than 4%, and TCS (NS:TCS) recorded a rise of over 3%. The BSE Sensex reflected this upward trend, trading up 631 points at 72,352.
Tech Giants Propel Market: IT Stocks Index Surges by 5% with Infosys and TCS Leading the Charge
In this notable uptrend, Infosys recorded an impressive 7.6% increase, Sonata Software (NS:SOFT) rose by 7%, Datamatics saw a 6% uptick, Coforge (NS:COFO) experienced a 5% rise, Tech Mahindra (NS:TEML) and TCS each gained 4%, while Wipro (NS:WIPR) and Mphasis (NS:MBFL) both registered a 4% increase.
Progress of bullet train project satisfactory: Ashwini Vaishnaw
The 508-km-long project between Mumbai and Ahmedabad has seen the construction of viaducts along a length of 272 km.
Microsoft Surpasses Apple, Becomes World's Most Valuable Company
In early Thursday trading, Microsoft's shares rose approximately 1%, propelling its market value to $2.87 trillion, narrowly surpassing Apple.
Infosys Announces Acquisition of InSemi, a Semiconductor Design Company, for Rs 280 Crore
In a regulatory filing, Infosys detailed the financial aspects of the deal, stating, "Consideration including earn-outs, and management incentives, and retention bonus totaling up to INR 280 crores subject to customary closing adjustments."
Steady at Rs 63,150: Gold Prices Show No Significant Change per 10 Grams
Saumil Gandhi, a senior analyst of commodities at HDFC Securities, mentioned that spot gold prices (24 carats) in Delhi markets were flat at Rs 63,150/10 grams, maintaining the same level as the previous close.
Market Closes with Slight Gains Amid Investor Focus on Q3 Performance of IT Bellwethers
The BSE Sensex, a 30-share index, eked out a 0.09% rise, adding 63.47 points to settle at 71,721.18. Earlier in the day, it had surged by 0.47% or 341.76 points, reaching 71,999.47. Meanwhile, the Nifty saw a modest gain of 0.13%, rising by 28.50 points to 21,647.20.
RBI Governor Das Remarks on Crypto Regulations: 'What is Beneficial for Another Market May Not Align with Our Interests'
Das stated firmly, "What is good for another market need not be good for us. Therefore, our views—both that of the Reserve Bank and personally that of mine—remain the same," underscoring the unique considerations and context surrounding cryptocurrency regulations in India.
Micron Targets Early 2025 for Commencement of Operations at Indian Manufacturing Unit
The first phase, encompassing 500,000 square feet of clean room space, is scheduled to be operational by early 2025. The company, headquartered in the United States, had disclosed its investment plans during Prime Minister Narendra Modi's visit to the US in June 2023.
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