- Business
- December 31, 2024
2024: Year Of The Markets As Investors Got Richer By Rs 77.66 Lakh Crore
New Delhi, Dec 31 (PTI) Stock market investors became richer by a whopping Rs 77.66 lakh crore in 2024, helped by an overall optimistic trend in equities, where the BSE Sensex surged over 8 per cent. Analysts said the year witnessed a tug of war between the bulls and bears marked by volatility but, despite the uncertainties around the world, the Indian markets…
- Business
- December 31, 2024
2024 Was Tough for Indian Startups, But 2025 Holds Promise
New Delhi: The Indian startup ecosystem experienced a rollercoaster ride in 2024, characterised by a slight-yet-concerning decline in funding activity and a shift in investor sentiment, alongside a silver lining with several startups achieving unicorn status. Despite facing global economic challenges, India’s startups showcased remarkable resilience, adeptly navigating changing market conditions, while continuing to attract investments. According to data from Tracxn, Indian startups…
- Business
- December 31, 2024
Biogas Industry: 500 GW Target By 2030 – Achievable? Experts Decode
Biogas is gaining steam in India, which can be seen by the recent developments like the recent inauguration of the MEPL BioEnergy Biogas Plant and the launch of a decentralised biogas plant at Osmania University. The Bhubaneswar Municipal Corporation (BMC) has also inked a pact with Oil India Limited to help convert the city’s waste to biogas. According to the IBA (Indian Biogas…
- Business
- December 31, 2024
Unimech Aerospace IPO: Investor Wealth Almost Doubles Overnight! Check Listing Price
Unimech Aerospace and Manufacturing Limited made an extraordinary debut on the stock exchanges on December 31, 2024, with its shares listing at Rs 1,491 on the Bombay Stock Exchange (BSE), an impressive 89.9% premium over the issue price of Rs 785. On the National Stock Exchange (NSE), the stock opened at ₹1,460, reflecting a strong 85.99% premium. As per the market tracker websites,…
- Business
- December 31, 2024
Indian Households Have ‘Relatively Low’ Debt – RBI Data
The Reserve Bank of India (RBI) has highlighted that while household debt in India has been on the rise over the past three years, it remains relatively low compared to other emerging market economies (EMEs). India’s Household Debt It said, “At 42.9 per cent of GDP (at current market prices) in June 2024, India’s household debt is relatively low compared to other EMEs,…
- Business
- December 30, 2024
‘Verified’ Names To Get Displayed In RTGS, NEFT: RBI
Gone are the days when one would wonder if they have entered the correct name of recipient, or IFSC code while making an RTGS or NEFT transaction. In a recent notification, the Reserve bank of India (RBI) has said that it has introduced the beneficiary bank account name look-up facility for Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) systems.…
- Business
- December 30, 2024
BREAKING: Adani Ent to Fully Exit Adani Wilmar – Details
Billionaire Gautam Adani-led Adani Enterprises is all set to fully exit Adani Wilmar. In an exchange filing the company said that it will sell the stake in Adani Wilmar Ltd to achieve minimum public shareholding requirements. Wilmar International has agreed to acquire ~31% held by AEL in Adani Wilmar Ltd. With this move, Adani Enterprises Limited will fully exit the Adani Wilmar platform. …
- Business
- December 30, 2024
SpaceDx ISRO Mission Launch Date And Time: Details Here
The Indian Space Research Organisation (ISRO) will launch its year-end mission, the “Space Docking Experiment” (SpaDeX), on Monday, 30th December, 2024, said the organisation. The mission will be launched precisely at 10:00:15 pm from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh. SpaDeX: Launch Time “Tonight at precisely 10:00:15 PM, PSLV-C60 with SpaDeX and innovative payloads are set for liftoff. SpaDeX (Space…
- Business
- December 30, 2024
‘Achievements Abroad Won’t Do…’ Zoho CEO Sridhar Vembu’s Advice To Indian Entrepreneurs
Sridhar Vembu, CEO of Zoho Corporation, has urged Indian businesses and entrepreneurs to embrace self-reliance and prioritise indigenous innovation. Highlighting the need to develop technologies tailored to India’s unique requirements, Vembu advocated reducing dependence on foreign products and services. In a recent post on X, Vembu underlined the role of harnessing India’s talent to drive this transformation. “To earn true respect in the…
- Business
- December 30, 2024
India’s Current Account Deficit For 2025 To Fluctuate? Here’s What Industry Report Says
India’s Current Account Deficit (CAD) is expected to remain at 1.1 per cent of the Gross Domestic Product (GDP) in the financial year 2024-25 (FY25), according to a report by ICICI Bank. The report highlighted significant changes in the country’s external position in recent months, driven by a widening trade deficit and foreign portfolio investment (FPI) outflows. India’s CAD: Findings The ICICI report…
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