New Delhi, July 22 (IANS) India’s auto and auto‑ancillaries sector is expected to see operating revenue to grow by around 8 per cent in FY27, a report said on Wednesday.The report from Brickwork Ratings said the sector is entering a new investment cycle with Rs 703 billion of projects scheduled for commissioning between FY27 and FY29.The investments are supported by a pipeline of 184 projects worth Rs 4.76 trillion and 70 projects already under implementation.The investment momentum is backe…
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Mumbai, July 22 (IANS) The Indian equity markets posted notable losses early on Wednesday, weighed down by the US-Iran conflict and rising Brent crude prices.Sensex lost 371 points, or 0.48 per cent, to reach 77,097 in morning trade while Nifty shed 106 points, or 0.44 per cent, to reach 24,081.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 lost 0.16 per cent, and the Nifty Smallcap 100 dipped 0.33 per cent.Sectoral indices on NSE traded mostly in re…
New Delhi, July 17 (IANS) Broader Indian equity indices outperformed benchmarks in June, as smallcap and microcap indices gained 4.29 per cent and 6.35 per cent respectively, a report said on Friday.The report from Motilal Oswal Mutual Fund said the Nifty Midcap 150 gained 0.90 per cent for the month and delivered 17.21 per cent over three months.The Nifty Smallcap 250 gained 4.29 per cent in June and the Nifty Microcap 250 jumped 6.35 per cent.The three‑month returns of Nifty Smallcap 250 and…
New Delhi, June 3 (IANS) Venezuela’s Acting President Delcy Rodriguez arrived in New Delhi on Wednesday for a five-day visit to India. Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal noted that Rodriguez’s visit to India will further deepen ties between two nations.During her visit, Rodriguez will hold a meeting with Prime Minister Narendra Modi, with discussions involving the full spectrum of India–Venezuela relations and exploring avenues for further cooperation in areas of e…
Washington, April 5 (IANS) Top US senators have urged President Donald Trump to block Chinese automakers from operating in the United States, warning of risks to national security and American jobs, according to a congressional press release.Senators Tammy Baldwin, Chuck Schumer, and Elissa Slotkin called for action after Trump signalled openness to Chinese firms entering the US market, saying at a forum: “Let China come in.”In a letter to the president, the lawmakers warned: “Allowing aut…
Mumbai, March 24 (IANS) Indian stock markets ended the session on a strong note, with benchmark indices closing near their day’s highest levels, supported by gains in auto and banking stocks.Positive sentiment among investors was also driven by hopes of easing geopolitical tensions between the United States and Iran, despite mixed signals from both sides.The Nifty rose sharply by 399.75 points, or 1.78 per cent, to settle at 22,912.40. The Sensex also posted solid gains, climbing 1,372.06 poin…
Mumbai, March 20 (IANS) Domestic benchmark indices opened higher on Friday, rising over 1 per cent in early trade amid hopes of easing tensions in West Asia.Sensex opened at 74,559, up 352 points or 0.47 per cent, while Nifty started trading at 23,110, higher by 108 points or 0.47 per cent, according to exchange data.In early trade, the 30-share Sensex surged as much as 891 points, or 1.20 per cent, while the Nifty climbed 279.7 points, or 1.21 per cent, to 23,281.85. The strong gains were suppo…
Mumbai, March 19 (IANS) Indian stock markets witnessed a sharp fall on Thursday over rising global tensions and a sudden spike in oil prices, as the ongoing conflict involving the US, Israel and Iran disrupted key energy infrastructure.The benchmark indices, Nifty and Sensex, ended the session with steep losses as both indices logged their steepest single-day fall in nearly two years.The Nifty dropped 775.65 points, or 3.26 per cent, to close at 23,002.15, while the Sensex fell 2,496.89 points, …
Mumbai, Feb 28 (IANS) Indian stock markets ended the week on a weak note, with benchmark indices falling amid global uncertainty and rising geopolitical tensions. Investors remained cautious as volatility in global markets and uncertainty around US-Iran talks dampened sentiment, even though India’s latest GDP data showed strong growth.For the week, both the Sensex and the Nifty fell around 1.5 per cent. Broader markets also remained under pressure, with the Nifty Midcap 100 and Smallcap 100 in…
Mumbai, Feb 27 (IANS) The Indian equity benchmarks posted huge losses on Friday, amid heavy FII selling and weak global cues.At the closing bell, Sensex lost 961 points, or 1.17 per cent to settle at 81,287. The Nifty lost 317.90 points, or 1.25 per cent, to close at 25,178.Nifty Midcap 100 index performed in line with the benchmark as it dipped 1.10 per cent, while the NSE Smallcap 100 declined 1.10 per cent. Nifty Next50 lost 1.30 per cent.Sectoral indices traded mostly in the red except IT, m…