BUSINESS
Sensex Hits Record High at Opening on Positive Global Signals
At 9:43 a.m., Sensex was 246 points or 0.30 per cent at 82,612 and Nifty was 77 points or 0.31 per cent at 25,313.
George Clooney Praises Joe Biden for Withdrawing from US Presidential Race
He said: "I actually have never had to answer that question, so I suppose I will do it here. The person who should be applauded is the President, who has done the most selfless thing a President has done since George Washington.
Sebi Updates Criteria for Stock Inclusion and Removal from Derivatives Market
For example, the new qualifying benchmarks for their inclusion in the derivatives segment would be linked to their performance in the cash segment during the last six months, to be checked on a rolling basis.
UPI Handles Rs 81 Lakh Crore in Transactions from April to July, Surging 37% Year-on-Year
According to recent data provided by the global payments hub Paysecure, it recorded 3,729.1 transactions per second, up 58 percent from 2,348 transactions a second in 2022. This number reportedly outstrips the transaction volumes for China's Alipay, PayPal, and Brazil's PIX.
Adani Ports Boosts Marine Fleet with $185 Million Acquisition of 80% Stake in Astro Offshore
According to Ashwani Gupta, Whole-Time Director and CEO at APSEZ, "The acquisition of Astro is in line with our strategy to become one of the largest global marine operators. Our existing fleet of 142 tugs and dredgers will increase to 168 vessels with the integration of Astro's 26 OSVs."
India’s Core Sector Sees Growth Surge to 6.1% in July
However, Base Metals did well with the Index of Eight Core Sector Industries, which essentially gauges the output of cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel that account for 40 percent of the Index of Industrial Production, or IIP. In July, steel output reached a three-month high of 7.2 percent against 6.7 percent last month.
PM Modi: Policy Reforms and Angel Tax Removal to Boost Fintech Sector
Addressing the Global Fintech Fest-2024, co-organized by the Payments Council of India, the National Payments Corporation of India, and the Fintech Convergence Council, Modi hailed the fintech companies as facilitators of democratic financial services. He said the sector had seen investments worth $31 billion over the last decade and has so far achieved an in-depth reduction in shadow economy.
Nifty Expected to Hit 26,820 Within a Year, According to Latest Report
In a recent report, Prabhudas Lilladher said it has upgraded its Nifty EPS estimates on the index space that continues to do well without rest. It is re-valuing the target upwards at 19 times of the 15-year average PE multiple and our EPS estimate of Rs. 1,411 for March 26.
IndiGo to Resume Operations at Delhi Airport’s Terminal 1 Starting September 2
The terminal's closure saw it advance into an extensive renovation under the Delhi International Airport Limited's Phase 3A expansion project.
India's E-Commerce Payments Expected to Exceed $292 Billion by 2028, Report Reveals
The outlook for e-commerce payments in India, on the other hand, is pretty good due to a range of government initiatives like 'Make in India' and 'Startup India'. Added to this is the surge in the number of online shoppers.
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