Mumbai-based venture capital (VC) fund India Quotient has seen at least 60-70% of its portfolio enact cost-cutting measures including human resource and operational costs, said a senior executive of the early-stage fund in an interaction with FE. Gagan Goyal, general partner, India Quotient, said that most of the new and incoming founders from early-stage startups […]
The rout in Adani Group stocks resumed on Thursday after Wednesday’s rise, as Morgan Stanley Capital International (MSCI) said that some Adani group stocks should no longer be designated as free float after investors raised concerns over the eligibility of the Adani companies for some of its indexes. MSCI announced that any changes to the […]
Domestic benchmark indices NSE Nifty and BSE Sensex were dragged by weak Asian cues. Fears of further monetary policy tightening from the US Federal Reserve damped sentiments, causing Nifty to end down 0.48% or 85.6 points at 17,770.9 and Sensex settled at 60,431, down by 250 points or 41%. Markets Ahead: Inflation expectations, Q3 Earnings […]
Congress leader Rahul Gandhi on Wednesday met wrestler Bajrang Punia and other wrestlers in Haryana amid the uproar over the election of the new chief of the Wrestling Federation of India (WFI) and the subsequent suspension of the newly-elected body by the Sports Ministry. #WATCH | Haryana: Congress MP Rahul Gandhi reaches Virender Arya Akhara […]
By Manish Gupta Oil prices rising by $5 on the production cut decision of OPEC and its allies earlier this month suggests the oil cartel continues to have significant sway over the prices and their influence is likely to remain strong for the next 10-20 years, oil experts said. They went into a price war […]
Sam Pitroda, Congress leader and chairman of its overseas wing, has once again stoked controversy with his remarks expressing concern over the significance that the Narendra Modi-led BJP government at the Centre is giving to the Ram Temple inauguration. The Ram Temple in Ayodhya is set to be inaugurated on January 22 with a consecration […]
Domestic equity indices NSE Nifty and BSE Sensex close their trading session in the green. Sensex gained 0.99% or 600 points to settle at 61,032. Nifty closed at 17,930, up 0.9%. The Nifty index witnessed strong buying momentum from the lower level and it surpassed the hurdle of 17900 on a closing basis. The index […]
By Bhavik Patel Crude oil had witnessed a correction amid a strong USD rally. Crude prices saw fall for six straight sessions before recovering somewhat on Thursday. Fundamentals have not changed much but last four week’s increase in US inventory have kept prices under pressure. At 479 million barrels, U.S. crude oil inventories are above […]
India has registered an increase of 11.4 per cent in its crude steel production at 11.7 million tonne (MT) in November this year, according to World Steel Association (worldsteel). During January-November, the country’s production was 12.1 per cent higher year on year (y-o-y) at 128.2 MT, the global body said in its latest report. In […]
The Indian Navy has launched an investigation into a suspected drone strike on a Mangalore-bound cargo vessel off India’s west coast in the Arabian sea even as the merchant ship is on its way to Mumbai, officials familiar with the matter said on Sunday. The Navy and the Indian Coast Guard swung into action by […]
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