Bharat Express-->

Business

Indian stock markets closed lower on Wednesday, driven down by declines in the banking and IT sectors amid weak global cues.

India's fintech sector has surged, with startups increasing fivefold in the past three years, according to a recent report. The number of fintech startups rose from 2,100 in 2021 to 10,500 in 2024.

"CapitaLand Investment Ltd announced that it will increase its investments in India, raising its funds under management to SGD 14.8 billion.

Equity indices in India traded low as it opens on Wednesday driven by weak global events from US and Asian market.

The report suggests diversifying the export basket beyond IT, business services, and pharma to include textiles, apparel, footwear, electronics, and green technology products.

Adani Green Energy Limited (AGEL) and TotalEnergies have launched a $444 million joint venture to manage a major solar project portfolio.

Indian equity indices traded flat on Tuesday, reflecting mixed market sentiment. By 9:51 AM, the Sensex had dipped 76 points or 0.09% to 82,483, while the Nifty fell 17 points or 0.07% to 25,261.

Indian equity indices reached a new milestone on Monday, closing at record highs amid positive market sentiment.

The Union Cabinet has greenlit a proposal by Kaynes Semicon Pvt Ltd to establish a semiconductor manufacturing unit in Sanand, Gujarat.

At the session's start, Sensex surged to a new all-time high of 82,725, while Nifty reached 25,333. By 9:43 a.m., Sensex had risen 246 points or 0.30% to 82,612, and Nifty gained 77 points or 0.31% to 25,313.