BUSINESS
2023 Sees Small and Midcaps Outshining Nifty Performance
In November 2023 specifically, midcaps and smallcaps continued their outperformance, exceeding largecaps by 4.9 per cent and 6.5 per cent, respectively.
Report Shows 14% Increase in Hiring Across Government, PSUs, and Defence Sector
The report attributes this boost in hiring to various government policies and initiatives such as 'Make In India' and the Atmanirbhar Bharat Rojgar Yojana (ABRY), which aim to generate employment opportunities and consequently reduce the unemployment rate in the country.
Adani Group Stocks Surge Amid Reports of US Government Review Prior to Granting $553 Million Loan Despite Hindenburg Allegations
The International Development Finance Corp. (DFC), which extended up to $553 million for the Sri Lankan project, reportedly found the accusations in Hindenburg's report not applicable to Adani Ports & Special Economic Zone Ltd., the subsidiary leading the project.
India set to become world's third-largest economy by 2030: S&P
S&P envisions India achieving the 7% GDP growth milestone in 2026-27, positioning the country to become the third-largest global economy by 2030 and forecasting it as the fastest-growing major economy over the next three years.
Bitcoin Surge Drives Global Crypto Market to $1.5 Trillion Amid Panic Buying
This surge in Bitcoin's value propelled the overall crypto market capitalization beyond $1.5 trillion, marking a significant milestone since May 2022, when the crypto market faced a downturn triggered by the collapse of the Terra crypto token.
Nifty Surges 10% from October Lows in Impressive Rally
The Indian equities market experienced a surge, reaching a fresh high of 20,702 following the BJP's decisive victory in three states.
PSU Stocks Surge to Fresh Highs in Market Following BJP's Assembly Poll Victories
The BJP's victorious stance in the state Assembly polls across Madhya Pradesh, Rajasthan, and Chhattisgarh triggered a monumental rally, with PSU stocks emerging as the most significant gainers.
Indian-Origin Billionaire Supports Narayana Murthy's Call For The 70-Hour Work Weeks Advice
In response to those who felt "attacked" by Murthy's suggestion, Khosla expressed a viewpoint on the matter, indicating that those who felt targeted by the recommendation might benefit from mental health therapy.
IndiGo Under Fire for Delays: Former Union Minister Joins the Criticism
In a social media post, Tewari mentioned, "This is the third IndiGo flight that I am taking this week that is delayed by over 90 minutes. This time it is 6E2159 from Chandigarh to Delhi. On an earlier occasion, the 1855 IndiGo 6E flight from Delhi to Chandigarh was delayed by over 2 and a half hours."
BlackRock's Ownership in Suzlon Surpasses 5% Stake
"The aggregate holdings of BlackRock, Inc. (on behalf of discretionary management clients) in Suzlon Energy Limited has moved above 5 per cent," said the regulatory filing.
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