BUSINESS
Indian Stock Market Opens Flat, Sensex Holds Above 73,600
But Nifty Bank remained steadfast, rising 205.85 points or 0.42% to 48,695.80. The Nifty Midcap 100 rose 481.35 points or 0.98% to trade at 49,649.70, while the Nifty Smallcap 100 rose 128.30 points or 0.92%, reaching 15,429.35.
Tesla Leases 4,000 Sq Ft in BKC for Its First Showroom in India
As per documents made available by CRE Matrix, the company, which is headed by Elon Musk, will be paying a rent of more than ₹35 lakh every month for the premises, along with assigned parking areas.
India's High Net-Worth Population Set to Reach 93,753 by 2027: Report
In 2024, Indian HNWIs increased by 6% year-on-year from 80,686 in 2023 to 85,698. India now represents 3.7% of the global wealthy population and is fourth in the world after the United States (905,413 HNWIs), China (471,634 HNWIs), and Japan (122,119 HNWIs).
India's services sector recorded robust growth in Feb: HSBC
This growth momentum also led to a significant increase in employment, with the creation of jobs at one of the highest levels since December 2005 when data collection commenced.
Nokia Exports Up to 70% of Its Telecom Gear Produced in India
This action further boosts the 'Make in India' program. Senior Vice President and Country Head at Nokia India, Tarun Chhabra, pointed out that the exports of the company vary between 30% and 70%, last year standing at 50%, mainly radio equipment.
India's services sector growth sees sharp uptick in Feb on new work orders amid strong demand: PMI
The HSBC India Services PMI Business Activity Index rose to 59.0 in February, bouncing back sharply from January's 26-month low of 56.5, indicating a firm rate of expansion.
Zomato's Deepinder Goyal 'made an inaccurate statement' about us, Says Zepto CEO Aadit Palicha
In the report, Goyal had estimated that the aggregate cash burn in the quick commerce industry was at about ₹5,000 crore every quarter. "Much more than half of this is by Zepto… Compared to that, our burn rate is significantly lower. In the last quarter, Blinkit burned about ₹35 crore every month on average," Goyal was quoted to have said.
Reliance Shares Fall as Delhi HC Overturns Arbitral Award Ruling
The controversy goes back to a 2018 international arbitration award, in which the KG-D6 Consortium, including RIL, BP Exploration (Alpha) Limited, and NIKO (NECO) Limited, was awarded around $1.55 billion against the Government of India (GOI) claims for gas migration from ONGC's blocks. The arbitral award was upheld by a single judge of the Delhi High Court in May 2023, but the GOI challenged the ruling.
HC Halts FIR Order Against Former SEBI Chief Buch and Five Others
Justice Shivkumar Dige noted that the order was made mechanically and no specific roles were assigned to the accused.
Credit Card Spending in India Rises 14% to ₹1.84 Lakh Crore in January
The research also highlights the effect of disorganisation in the workplace, with 56% of the respondents confessing to having had to do extra work because of disorganised colleagues. Moreover, 33% have had to redo work, highlighting how inefficiencies not only waste time but also impact team morale.
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