Apple to create lakhs of jobs in India! Apple plans to shift a significant portion of its supply chain from China to India, aiming to boost local employment by three-fold to around 500,000 in the next three years. The tech giant is focusing on increasing the value addition from its Indian suppliers, following a similar…
MUMBAI: Investor money flowing into small-cap mutual funds had dried up after 30 consecutive months of inflows. Small-cap schemes recorded a net outflow of Rs 97 crore in March, data released by industry body Amfi showed. Markets regulator Sebi’s warning that there could be some ‘froth’ building in small and medium-cap stocks seems to have…
NEW DELHI: Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement related to his plans to invest and open a new factory in the country, two sources with direct knowledge said.The billionaire executive will meet Modi in the week of April 22…
Stock market today: BSE Sensex and Nifty50, the Indian stock market indices, scaled all time highs in trade on Wednesday. The Indian benchmark equity index Nifty50 achieved a record high, boosted by banking, energy, and IT stocks, ahead of the release of significant US inflation data later in the day.The 30-share BSE benchmark Sensex concluded…
Eid Bank Holiday April 2024: Banks in certain states will remain closed on Thursday on the occasion of Ramzan-Id (Eid-Ul-Fitr), as per the Reserve Bank of India (RBI) holiday list.Eid al-Fitr begins when the crescent moon is sighted, marking the start of Shawwal, the 10th month in the Islamic calendar. Since lunar months last 29…
Stock market today: BSE Sensex and Nifty50, Indian benchmark equity indices, opened in green on Wednesday. BSE Sensex surged over 250 points and Nifty50 was above 22,650. At 9:20 AM, BSE Sensex was trading at 74,824.42, up 141 points or 0.19%. Nifty50 was at 22,681.30, up 39 points or 0.17%.Equity markets opened at fresh highs…
BENGALURU: The appointment of non-Indian CEOs at Indian IT companies has presented a curious case of cultural misalignment, as evidenced by the departures of former Wipro CEO Thierry Delaporte and former Cognizant CEO Brian Humphries.Both leaders faced challenges in blending into the cultural fabric of their respective firms. Both CEOs were based in Europe –…
MUMBAI: Instagram reels are not all that keep Gen Z glued to their phones. With a deluge of user-friendly investment apps and move towards a mobile-first approach, a section of the Gen Z cohort (aged 12-24) have taken to investing like a fish to water.Take, for instance, Madhur Katta. The 22-year-old investor from Jaipur initially…
MUMBAI: A little over 38 years after it was launched with a base of just 100 points, BSE sensex, the most watched stock market bellwether in India, crossed the 75,000-point mark on Tuesday, signifying past successes of Indian economy and the market, and raising hopes for more wealth creation in the years ahead.On Tuesday, sensex…
MUMBAI: An army of retail investors has found a strong footing on Dalal Street over the last decade thanks to a bullish market and a pandemic-driven digital push. In April 2015, India had just over 2 crore individual demat accounts – the actual number of investors would have been even less as one person can…
