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Indian mutual fund industry set to cross 50 mn unique investors

IANS | September 24, 2024 4:52 PM

Mumbai, Sep 24 (IANS) The mutual fund industry in the country saw assets under management (AUM) surging to Rs 66.7 lakh crore in 2024 and is set to cross the 50-million unique investor base this year.

Markets shed gains after record high, Sensex closes at 84,914

IANS | September 24, 2024 4:28 PM

Mumbai, Sep 24 (IANS) Indian equity indices closed flat on Tuesday after hitting a new all-time high due to positive sentiments in the global markets.

JPMorgan to keep growing its operations in India amid robust growth

IANS | September 24, 2024 3:37 PM

New Delhi, Sep 24 (IANS) Bullish on India amid robust growth and positive investment sentiment, American financial services major JPMorgan Chase & Co intends to keep growing its operations in the country.

India-UAE bilateral trade set to surpass $100 billion target before 2030

IANS | September 24, 2024 2:03 PM

New Delhi, Sep 24 (IANS) The bilateral trade between India and the United Arab Emirates (UAE) is on track to surpass the $100 billion target well before 2030, underscored by a notable 12.7 per cent (year-on-year) increase, according to a report on Tuesday.

Adani Energy, Adani Green join Utilities for Net Zero Alliance to aid India's Net Zero goal

IANS | September 24, 2024 1:32 PM

Ahmedabad, Sep 24 (IANS) Adani Green Energy Ltd (AGEL) and Adani Energy Solutions Ltd on Tuesday said they have joined the Utilities for Net Zero Alliance (UNEZA) to help India accelerate the adoption of renewables and overcome common barriers in the realisation of global Net Zero ambitions.

S&P Global Ratings retains India's GDP growth at 6.8 pc for FY25, cuts China's forecast

IANS | September 24, 2024 1:28 PM

New Delhi, Sep 24 (IANS) S&P Global Ratings on Tuesday retained India's growth forecast at 6.8 per cent for the fiscal 2024-25, while reducing China's economic growth by 0.2 per cent to 4.6 per cent in the calendar year 2024.

Sensex hits 85,000 for first time, Nifty trades at all-time high

IANS | September 24, 2024 10:18 AM

Mumbai, Sep 24 (IANS) India equity benchmarks were trading at an all-time high on Tuesday following positive cues from the Asian and US markets.

Labour participation rate hits record 60.1 pc in India’s urban areas, employment rises

IANS | September 23, 2024 8:08 PM

New Delhi, Sep 23 (IANS) The government on Monday said that the overall labour force participation rate (LFPR) in persons of age 15 years and above in India’s urban areas stood at 60.1 per cent in the July 2023-June 2024 period – a significant increase from 57.9 per cent in the July 2022-June 2023 period.

Demand from tier 2, 3 cities spurs surge in greenfield hotel investments in India

IANS | September 23, 2024 6:34 PM

New Delhi, Sep 23 (IANS) The Indian hospitality industry has ramped up investments in greenfield hotel development, driven by the demand coming from tier 2 and 3 cities amid rising disposable incomes and overall economic growth.

No respite for troubled SpiceJet as NCLT issues notice over another insolvency plea

IANS | September 23, 2024 5:33 PM

New Delhi, Sep 23 (IANS) The National Company Law Tribunal (NCLT) on Monday issued a notice to embattled low-cost carrier SpiceJet over a petition by Techjockey Infotech Pvt Ltd, one of its operational creditors.

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