Wholesale price inflation rises to 9-month high in Dec

IANS | January 15, 2024 1:04 PM

New Delhi, Jan 15 (IANS) India’s inflation rate based on the Wholesale Price Index (WPI) rose to a nine-month high of 0.73 per cent for December 2023 up from 0.26 in November, official data released on Monday showed.

In the coming week market will take cues from Q3 results

IANS | January 14, 2024 11:12 AM

New Delhi, Jan 14 (IANS) In the near term, investors' trade positions will be more inclined towards the upcoming result season; the overall forecast for earnings growth remains optimistic, projecting double-digit figures, says Vinod Nair, Head of Research, Geojit Financial Services.

Paytm to invest Rs 100 cr in GIFT City, to offer AI-driven cross border remittance

IANS | January 10, 2024 10:12 AM

New Delhi, Jan 10 (IANS) One97 Communications Limited (OCL) that owns India's leading payments and financial services company Paytm, on Wednesday announced an investment of Rs 100 crore in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem, ahead of the 'Vibrant Gujarat Global Summit 2024'.

Strong build-up of short positions in the market

IANS | January 9, 2024 11:12 AM

New Delhi, Jan 9 (IANS) The 197 points decline in Nifty on January 8 despite marginal buying by both FIIs and DIIs indicates strong build up of short positions in the market, said V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

US and global economy may face major challenges in 2024

IANS | January 2, 2024 10:59 PM

Washington, Jan 2 (IANS) The US and the global economy may face major challenges in 2024 though they have proved to be surprisingly resilient in the past year. However, the strains of wars, still-elevated inflation and continued high interest rates could impact GDP growth rates.