InCred Finance, the lending business of financial services firm InCred, which had last month announced $60 million in Series D funding, has turned unicorn. The non-banking financial company (NBFC) is now valued at $1.04 billion following the latest funding and has become the second company (after 10-min grocery delivery startup Zepto) to gain unicorn status […]
Dharmendra Pradhan, the minister of education and skill development and entrepreneurship, underscored the government’s dedication to transforming the sports mindset through the strategic measures outlined in the National Education Policy (NEP)-2020. This declaration took place during the three-day International Conference on Holistic Approach towards Performance and Safety in Sports (ICHAPSS-2023), hosted by the Faculty of […]
Amendments to the Finance Bill 2023 were passed by the government last week, with the removal of the long-term capital gains (LTCG) tax benefit from debt MFs being a major highlight. This change could impact flows into mid-to longer-duration schemes, which currently have around Rs 6 trn in AUM. Additionally, the funding of corporate bonds […]
Domestic indices concluded in red on Monday. The NSE Nifty 50 closed below 17,900 and the BSE Sensex after moving in the range of 59,963.83 and 60,586.77 settled above 60,000. The top gainers of the BSE Sensex were Tech Mahindra (up 3.22%), HCL Tech (up 1.48%), Infosys (up 1.45%), Wipro (up 1.27%) and TCS (up […]
Bears gripped Dalal Street on Friday as benchmark indices edged lower heading a negative close for the third straight day. Nifty tumbled 132.70 points or 0.75% at 17,859.45 while Sensex settled at 59,900, down 450 points. Both indices ended the first week of 2023 nearly 1.5% lower. Most of the major sectoral indices logged losses. […]
Reliance Jio’s newly launched postpaid family plans have made Bharti Airtel investors nervous that the move could disrupt the telecom industry. The shares of Bharti Airtel fell 1.24% to Rs 747 in the intraday trade on Thursday. Following the trend, Vodafone Idea shares hit a new 52-week low, falling 2.5% to Rs 6.25. HSBC Global […]
U.S. stock futures bounced as buybacks and earnings beats boosted tech giants in after-hours trade, although Asian shares wallowed at one-month lows on Wednesday, with investors turning nervous on the outlook for the world’s two biggest economies. Nasdaq futures were up 1.4% and S&P 500 futures up 0.5% following better-than-expected profits at Microsoft and a […]
Mining major Vedanta’s Consolidated net sales stood at `341 bn in Q3FY23, in line with MOSL estimated. The reduction in revenue q-o-q was due to a decline in commodity prices and lower strategic hedging gains, partially offset by favourable forex movement. The consolidated Ebitda stood at `71 bn, below our estimate of `94 bn due […]
Kounal Gupta, founder and CEO of Henry Harvin Education shares his views on opportunities and challenges of the education system in India with FE Education Online. What is the best thing about today’s education system? Also, edtech platforms make self-paced learning and customization possible. Learners may personalise their educational experiences based on their needs, interests, […]
By Shrikant Chouhan The benchmark indices witnessed a sharp recovery rally, after a volatile trading session the Nifty ends 68 points higher while the Sensex was up by 141 points. After a weak opening, finally the Nifty took the support near 17200/57700 and reversed sharply. Among sectors, strong buying interest was seen in Metal stocks, […]
网站备案号: 粤ICP备16118000号-1