New Delhi, April 14 (IANS) A fire broke out at Chinese electric vehicle maker BYD’s industrial park in Shenzhen on Tuesday morning, sending thick plumes of black smoke into the sky.According to the company, the blaze originated in a parking garage area used for storing test and scrapped vehicles. The fire was quickly brought under control, and no casualties were reported. BYD’s global headquarters is located in Shenzhen’s Pingshan district, where the incident occurred.Visuals from the site…
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New Delhi, March 30 (IANS) China’s industrial rise is due to institutionalised competition among provinces, cities and firms, with the central government acting as a referee and disciplinarian rather than as an engineer, a new report has said.The report from The Globe and Mail called China’s industrial policy “authoritarianism”, adding that it “behaves less like central planning than a state-enabled pressure cooker.”Such a system thrived by enabling rivalry across firms and provinces, with t…
Mumbai, March 10 (IANS) The Indian equity markets made notable gains in the early trade on Tuesday after US President Donald Trump indicated that war with Iran may be approaching an end.As of 9.29 am, Sensex added 413 points, or 0.53 per cent, to reach 77,979 and Nifty gained 112 points, or 0.47 per cent to reach 24,140.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 gained 1.05 per cent, and the Nifty Smallcap 100 added 1.32 per cent.All sectoral ind…
New Delhi, March 7 (IANS) India’s billionaire figures have risen to 308 — an increase of 24 from last year — which indicates strong wealth creation and sustained economic momentum, according to the Hurun Research Institute’s ‘Hurun Global Rich List 2026’ released on Saturday.The increase pushed India to the third position globally in terms of the number of billionaires, behind the United States and China.The total wealth held by Indian billionaires rose 10 per cent year-on-year to Rs 1…
Mumbai, March 6 (IANS) The Indian equity markets posted losses in early trade on Friday tracking global weakness, crude oil prices amid tensions in the Middle East.As of 9.28 am, Sensex lost 365 points, or 0.46 per cent, to reach 79,650 and Nifty dipped 103 points, or 0.42 per cent to reach 24,662.Main broad-cap indices showed divergence with the benchmark indices, as the Nifty Midcap 100 added 0.30 per cent, and the Nifty Smallcap 100 gained 0.45 per cent.All sectoral indices traded in red exce…
Mumbai, March 5 (IANS) The Indian equity markets gained moderately in early trade on Thursday, tracking gains in Asian peers despite rising tensions in the Middle East.As of 9.30 am, Sensex gained 246 points, or 0.31 per cent, to reach 79,362 and Nifty added 84 points, or 0.35 per cent, at 24,565.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 added 1.02 per cent, and the Nifty Smallcap 100 gained 1.11 per cent.All sectoral indices traded in green exc…
Mumbai, March 3 (IANS) The Bombay Stock Exchange and the National Stock Exchange will remain closed on Tuesday on account of the Holi festival.Trading in equities, equity derivatives, securities lending and borrowing and interest rate derivatives will be suspended for the day, exchanges said on Tuesday. Commodity derivatives will be closed in the morning and open for the evening session.On Monday, Sensex lost 1,048 points, or 1.29 per cent, to reach 80,238 and Nifty dropped 312 points, or 1.24 p…
Mumbai, March 2 (IANS) The Indian equity markets opened the week sharply lower on Monday, tracking a broad risk-off sentiment across global markets due to the US, Israel and Iran war.As of 9.28 am, Sensex lost 891 points, or 1.10 per cent, to reach 80,395 and Nifty eased 268 points, or 1.07 per cent, at 24,909.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 declined 1.14 per cent, and the Nifty Smallcap 100 lost 1.35 per cent.All sectoral indices trad…
Mumbai, Feb 27 (IANS) The Indian equity markets opened the last session of the week with losses on Friday despite strong gains in the domestic IT stocks.The Indian IT stocks defied global trends amid technology-led selloff seen in Wall Street following weaker-than-expected earnings from Nvidia.As of 9.20 am, Sensex lost 346 points, or 0.42 per cent, to reach 81,903, and Nifty eased 113 points, or 0.44 per cent, at 25,383 in the morning trade.Main broad-cap indices performed in line with the benc…
Mumbai, Feb 26 (IANS) The Indian equity markets traded flat with a positive bias early on Thursday, as IT stocks recovered tracking overnight gains on Wall Street in the US.As of 9.25 am, Sensex added 58 points, or 0.07 per cent, to reach 82,334, and Nifty gained 15 points, or 0.06 per cent, at 25,498.Main broad-cap indices showed divergence with the benchmark indices, as the Nifty Midcap 100 added 0.22 per cent, and the Nifty Smallcap 100 lost 0.08 per cent.Sectoral indices traded mixed with Ni…