BUSINESS
Zomato's 21 Crore Shares Traded in Rs 5,438 Crore Block Deal
The stock of Zomato was down after the deal and trading at Rs 259.58 per share during the morning session.
RBI Reports Export Sector's Revival as Key Driver of India's Growth
The report notes that, except for China, nine out of the top ten export destinations—representing around half of the total export value—are seeing increased demand.
India's Economy Shows Strong Performance, Says Gita Gopinath
Gopinath, who sees India jumping to being the world's third largest economy by 2027, said such growth has to be inclusive and broad-based. "It is crucial for this growth to be inclusive and create enough jobs so that the gains from growth are shared widely," she said.
How to Use Technical Analysis in Forex Trading
This article will reveal the main instruments and approaches applied in the technical analysis to improve your trading approach.
Foxconn's Indian Investments Hit $10 Billion; Apple's Indian Operations Reach $23.5 Billion
Running parallel to an estimate for the same period, Apple's operations in India are pegged at USD 23.5 billion during FY24 itself, thereby cementing its status as one of the prime alternatives to China and Vietnam as far as manufacturing is concerned.
Adani Portfolio Sees 50% Net Profit Increase to Rs 10,279 Cr in Q1, Driven by Emerging Sectors
In particular, EBITDA from Adani's core infrastructure segments, comprising utilities, transport, and infrastructure under Adani Enterprises Ltd, was up by 41.6 percent on a year-on-year basis and contributed 86 percent to the total EBITDA, the Adani Group said in a statement.
July Sees Surge in Electronics, Dairy, and Poultry Exports: Report
The Crisil report points out that electronic goods soared by 37.3%, while meat, dairy, and poultry products surged by 56.2%, and oil meals shot up by 22%. On the other sectors' front, readymade garments, spices, and tea have also shown strong export growth. In readymade garments, it went up by 11.8%; in spices, it rose by 13%, and in tea by 21.8% on a year-on-year basis.
Foxconn's Indian Investments Surpass USD 10 Billion; Total Commitment Hits USD 1.4 Billio
Foxconn, one of Apple Inc.'s major suppliers, has pledged $1.4 billion to India so far, with more in the pipeline.
Foxconn to Put Up Battery Energy Storage System Unit in India
Liu said that Foxconn's information and communication technology segment has just now reached India.
Seven of Top 10 Valued Firms Add ₹1.40 Lakh Crore to Market Valuation; TCS and Infosys Lead the Gains
The BSE Sensex added 730.93 points, or 0.91 per cent, in the week on the back of a strong rally in its last session.
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