BUSINESS
India smart TV market up 8% in 1st half of 2023, ships 4.5 mn units: Report
According to the International Data Corporation (IDC), the share of the online channel grew by 25 per cent in 1H23 (year-over-year), reaching 39 per cent driven by online sales festivals.
Sensex falls below 66K mark
BSE Sensex was down 163 points at 65,845 points. Infosys, L&T, Indusind Bank, Wipro, TCS were down more than 1 per cent.
India begins chip journey in just 15 months, Micron a beacon to all investors: MoS IT
Speaking to IANS, the Minister said that semiconductor manufacturing -- which is at the frontier of engineering and science/technology and a very high-level area -- opportunities in the country are now immense and investments in this field will go to states that respond fast while creating an enabling environment, infrastructure and policies.
Burman family announces open offer for Religare Enterprises
The open offer is made with the intention to increase the family’s stake and take control of REL. It will be conducted in accordance with the SEBI (SAST) Regulations.
Market momentum broken, expect further downside
BSESENSEX lost 1,829.48 points or 2.70 per cent to close at 66,009.15 points while NIFTY lost 518.10 points or 2.57 per cent to close at 19,674.25 points. The broader markets saw BSE100, BSE200 and BSE500 lose 2.51 per cent, 2.37 per cent and 2.33 per cent respectively. BSEMIDCAP lost 1.71 per cent while BSESMALLCAP was down 2.04 per cent.
Markets to remain under pressure in the near term
Investors would look for economic data like US & UK GDP numbers, EU inflation, US & China Manufacturing PMI, and India’s Infrastructure output which is due next week for further direction.
EV firm Ather Energy’s losses swell 2.5 times to reach Rs 865 cr in FY23
The EV startup reported a loss of Rs 864.5 crore in FY23, against a loss of Rs 344.1 crore in FY22, according to its annual financial statements filed with the Registrar of Companies (RoC).
Micron’s Rs 22,500 cr plant to set a benchmark for India’s chip journey: Ashwini Vaishnaw
Saying that the first 'Make in India' chip from Micron’s plant is most likely to come in December 2024, the minister said the pace at which Micron kicked off work on the Sanand project is highly commendable.
Kia EV6 GT beats Ford Mustang Mach-E in German evaluation
Hyundai Motor's independent Genesis brand's GV60 SUV ranked second in the competitive EV evaluation and the Ford Mustang Mach-E ranked third, the group said in a statement.
US govt's interest payments on debt breaches 'unsustainable levels' crossing federal spending
Interest payments will be the single largest federal expenditure, topping Social Security by 2051, a projection shows. US debt breached an all-time high of $33 trillion as federal deficit ballooned amid a swath of Treasury bills, budget experts warned.
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