Indian Startups Raise $138 Million In Funding, Led By Fintech And Deeptech
Indian startups have raised a total of $12.2 billion in funding in 2024, surpassing the entire funding amount for 2023. October alone saw over $1 billion raised across 119 deals, continuing the momentum as the year ends
Renewable Energy Target Anticipated To Push Power Sector Growth
Amid the anticipation of surge in power demand in India over the next decade, India is poised to witness growth in Indian power sector owing to its ambitious energy transmission’s towards renewable energy. Japanese brokerage Nomura revealed that India’s power demand is likely to increase by 7 percent between financial year 2024-27 on Compound Annual …
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Indian Stock Market Consolidates As Domestic Investors Absorb Heavy FII Selling
Despite significant FII outflows, the Indian market has shown resilience, buoyed by sustained buying from domestic institutional investors (DIIs) and individual high-net-worth investors (HNIs).
US Fed’s Rate Cut Sparks Optimism For Emerging Markets; Analysts Say India Could Benefit
The US Federal Reserve’s second 25-basis-point rate cut to 4.75% boosts optimism in emerging markets, including India.
Indian Markets Open Flat After Fed Rate Cut; Selling Pressure Hits Key Sectors
Indian markets opened on a cautious note Friday, reflecting global uncertainty following a second consecutive rate cut by the US Fed Reserve.
US Fed Cuts Interest Rates To Tackle Inflation And Labour Market Challenges
The US Federal Reserve reduced interest rates by 25 basis points, as the economy faces a cooling labour market and persistent inflation.
Domestic Air Passenger Traffic Sees 6.3% Rise In October, Industry Faces Ongoing Supply Chain And Engine Issues
From April to October, domestic air passenger traffic reached 932 lakh, reflecting a 5.9% growth. Indian carriers also saw 162.6 lakh international passengers in the first half of FY25, up by 16% from last year
Sensex Plunges 849 Points Ahead Of Key US Fed Meet
The benchmark indices fell by over 1 percent as Sensex dropped 836 points, or 1.04 percent, ending at 79,541.79. Nifty also declined by 284.70 points, or 1.16 percent, closing at 24,199.35
Gold Prices Drop Amid Post-Election Dollar Surge, Silver Follows Downward Trend
Gold prices fluctuated sharply between Rs 78,500 and Rs 77,500 per 10 grams. The dollar index surged to 105, pushing gold to lows of Rs 77,500 per 10 grams and $2,700 internationally, noted Jateen Trivedi of LKP Securities
Sensex, Nifty Slide By 1% Amid Broad Market Sell-Off
Indian stock markets opened sharply lower on Thursday, with major indices Sensex and Nifty down around 1% in early trading due to widespread selling pressure across several sectors, including metal, auto, financial services, pharma, FMCG, energy, private banking, and infrastructure.
