Project finance flowing into renewable energy projects recorded a 63 per cent jump in 2023 compared to 2022 levels, to scale the Rs 30,255 crore ($3.66 billion) mark, according to a report by the Centre for Financial Accountability. The report, titled 'Coal vs RE Investment in 2024' states that while there was an increase … Read more
Atishay is currently trading at upper limit of Rs. 232.55, up by 4.55 points or 2.00% from its previous closing of Rs. 228.00 on the BSE. The scrip opened at Rs. 232.55 and has touched a high and low of Rs. 232.55 and Rs. 232.55 respectively. So far 5516 shares were traded on the counter. … Read more
Indian rupee strengthened from its all-time low level against the US dollar on Friday, even as strong economic data and Federal Reserve's hawkish tilt pushed US dollar to 2 year high. An unexpected upward revision to third-quarter US GDP, a dip in jobless claims and an upside surprise in existing home sales showed resilience in … Read more
India's Tech Mahindra is stepping up focus on its banking, financial services and insurance (BFSI) business in a bid to bridge the gap with larger peers which have historically made more revenue from the lucrative segment, its CEO said in an interview. Mohit Joshi, who took the helm of India's No.5 software services exporter in … Read more
Officials of HD Korea Shipbuilding & Offshore Engineering met with the secretary of India's oil ministry on Thursday and the two sides are exploring potential collaborations in shipbuilding, the South Asian nation said.
Tata Power Renewable Energy Limited (TPREL), a subsidiary of the Tata Group, on Friday said it has joined Canara Bank to promote the adoption of rooftop solar systems under the PM Surya Ghar Muft Bijli Yojana. As part of the initiative, households can benefit from tailored financing options under the PM Surya Ghar Scheme, designed … Read more
Amid the surge in quick commerce industry, the food collection take-away segment in India is projected to register a compound annual growth rate (CAGR) of over 7.7 per cent during 2023–28, a report showed on Friday. The rapid rise of quick commerce in India is reshaping the retail landscape, with urban populations progressively seeking fast … Read more
CareEdge Ratings in its latest report has said that India’s solar equipment manufacturing capacity is poised for healthy growth over the next 2-3 years, entailing a capex of nearly Rs 1 lakh crore. It stated of that Capex, an estimated debt funding of nearly Rs 70,000 crore is expected over the medium term, including investments … Read more
The Indian rupee weakened to its record low on Friday, hurt by persistent dollar strength after strong U.S. economic data reinforced the Federal Reserve's hawkish tilt while likely intervention by the Reserve Bank of India capped the currency's losses. The rupee declined to 85.10 against the U.S. dollar in early trading, inching past its previous … Read more
Datamatics Global Services is currently trading at Rs. 655.00, up by 3.90 points or 0.60% from its previous closing of Rs. 651.10 on the BSE. The scrip opened at Rs. 646.00 and has touched a high and low of Rs. 667.55 and Rs. 646.00 respectively. So far 4077 shares were traded on the counter. The … Read more
