BUSINESS
Piyush Goyal Engages in Talks with Micron's CEO in the US
"Met Mr. Sanjay Mehrotra, CEO & President of MicronTech. Discussed how India's growing semiconductor ecosystem presents vast opportunities for the company to collaborate & expand its footprint in the country," the Union Minister said in a post on X following Wednesday's meeting.
Sensex Surges 400 Points, Breaks Past 66,000 Mark
V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, highlighted a notable trend in the market: the growing influence of Domestic Institutional Investors (DIIs), High Net Worth Individuals (HNIs), and retail investors, contrasted by the diminishing impact of Foreign Portfolio Investors (FPIs).
Markets Trading Above Current Fair Value; Fund Managers Express Cautious Optimism
Paharia emphasized that globally, there's a slowdown in growth in developed markets due to elevated interest rates and persistent inflation, impacting export-oriented businesses.
Positive Global Signals Propel Notable Gains in Nifty, with IT and Realty Stocks in the Lead
All sectors concluded the day in positive territory, with Realty, IT, and Auto emerging as the top performers.
Accor Unveils Its 24th Novotel Property in India
Strategically located near the Jaipur Exhibition & Convention Centre (JECC), renowned as South Asia's premier purpose-built venue, NJCC significantly bolsters Accor's capacity for hosting MICE (Meetings, Incentives, Conferences, and Exhibitions) events.
Siemens to Secure 18% Stake in Indian Arm for a Purchase Price of 2.1 Billion Euros
The proposed share purchase agreement with Siemens Energy would increase Siemens' stake in Siemens Ltd.
EOW investigation reveals questionable practices by BharatPe Co-founder Ashneer Grover and his family members to channel funds
Co-founder Ashneer Grover and his family members are allegedly involved in questionable practices, including the use of backdated invoices to channel funds.
Sitharaman Acknowledges Israel-Hamas Conflict as a Challenge to India's Plan for the Middle East-Europe Corridor
The IMEC project was endorsed at a G20 meeting in New Delhi in September under India’s presidency.
India's Trade Deficit Surges to $31.5 Billion in October Amidst Spike in Oil Prices
The pronounced escalation in global crude oil prices significantly contributed to the upswing in the nation's import bill.
Government Plans Auction of 20 Mining Blocks for Critical Minerals in the Next 2 Weeks
The government has recently identified a list of critical minerals, such as lithium, cobalt, and titanium, essential for advanced technology sectors like electronics, telecom, transport, and defense.
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