India's Competition Commission (CCI) has approved a significant investment deal. KKR and Singtel will acquire a stake in STT GDC, a major data center provider in Southeast Asia. The deal, valued at USD 1.3 billion with potential for further investment, marks the largest digital infrastructure investment in the region this year.
The Gurugram-based startup, which operates insurance marketplace Policybazaar and credit marketplace Paisabazaar, had reported a loss of Rs 21 crore in the year-ago period.
Indian equity indices rebounded on Tuesday, driven by investor interest in undervalued financial stocks ahead of the U.S. election. The Nifty 50 rose 0.91%, and Sensex gained 0.88%. Analysts see potential for a bullish reversal, with buy-on-dips strategies recommended.
Royal Enfield's first electric motorcycle, the Flying Flea C6, will be launched globally, with India not being the priority market. Priced at a premium to electric scooters, the FF C6 will target Europe, the US, and select cities in Asia and South America.
JSW Steel recorded a slight dip in consolidated steel output, reaching 22.81 lakh tonnes in October compared to 23.12 lakh tonnes the previous year. This minor decrease was primarily attributed to a temporary maintenance halt at its Dolvi plant. Despite this, JSW Steel USA - Ohio observed a production increase, reaching 0.82 lakh tonnes from 0.76 lakh tonnes.
Congress leader Rahul Gandhi pledged his commitment to a caste census in Telangana. He envisions the state as a national model for the initiative. Gandhi questioned Prime Minister Narendra Modi's stance on addressing discrimination. He highlighted the Congress party's commitment to a national caste census, emphasizing its importance in understanding societal disparities.
IDFC First Bank launched a new service for tracking money sent abroad. The service is available on the bank's mobile app and internet banking platforms. The bank partnered with Swift to offer this service. Customers will now be able to track their money transfers in real-time. This service was previously unavailable for international transfers. The bank aims to provide a better customer experience with this new feature.
The satellite constellation will deliver critical data across various applications, from early detection of crop diseases and pinpointing water stress to real-time deforestation monitoring and tracking ocean pollution.
Nifty opened negatively but recovered in the second half, forming a piercing line candle on the daily chart. A move above 24,320 could extend the rally to 24,500-24,600. However, a break below 23,890 could trigger further weakness.
Market borrowing by Indian companies for their short-term needs fell in the first half of October from a month earlier, show latest data, likely due to non-banking finance companies slowing down activities with the central bank raising concerns about certain business practices.
US election 2024 results are gradually being declared and it's a good news for Donald Trump and Kamala Harris.
Major tech companies have leased a significant amount of office space in Bengaluru. Amazon, Synopsys, and Honeywell Technologies are among those who have secured large leases. This activity indicates a strong demand for office space in the city. The technology sector is a major driver of this demand, along with BFSI and flex space operators.
U.S. stock indexes opened higher on Tuesday, as voting began in a tightly contested presidential election, with traders girding up for volatile trading over the next few sessions until a winner is declared.
Apple refused to remove two podcasts that contained "information aimed at destabilising the political situation in Russia."
Aravind Maiya, the CEO of Embassy Office Parks Management Services that manages Embassy REIT, will step down from his post following market regulator Sebi's direction to suspend him and appoint an interim CEO immediately.
The Indian Railways announced a 73% increase in special train services for the recent festival season, aiming to accommodate the holiday rush. However, social media told a different story, with images and videos depicting severe overcrowding on trains and passengers resorting to desperate measures, including sleeping in toilets, highlighting the stark contrast between claims and reality.
The US election 2024 results have a major chance of affecting the global stock markets and the overall US economy, feel economic experts. Either of the Presidential candidates winning can bring in some changes to the US stock market trends, leaving open the possibilities of an adverse impact as well.
Global renewable energy investments are poised for a significant surge, projected to reach USD 3.1 trillion by 2024. The solar sector dominates these investments, driven by falling costs and the Asia Pacific region's leadership. This growth is fueled by remarkable advancements in solar technology, making it increasingly efficient and affordable.
China's Xiaomi had complained to the Competition Commission of India (CCI) that the report - which found Flipkart, some of its sellers, and smartphone players in violation of competition laws - contained commercial secrets that should have been redacted, Reuters reported in September.
The UPPSC announced that the PCS (Pre) Exam 2024 will be held on December 7 and 8 in two shifts across 41 districts. This decision, a first for the commission, accommodates a record 16.52 lakh candidates. The RO/ARO (Prelims) Exam 2023 is scheduled for December 22 and 23.
As part of this partnership, Garuda Aerospace has officially launched its operations in Sri Lanka. The Chennai-based company will collaborate with CYOL to deliver a new approach to farming and technology integration.
The US trade deficit increased significantly in September. Businesses increased imports to satisfy strong domestic demand. They also anticipated higher tariffs on products. The trade gap reached $84.4 billion, up from $70.8 billion in August. Exports also declined during this period. The economy expanded at an annualized pace of 2.8% in the third quarter.
