Economy

New Delhi:  The global smartphone market returned to growth in 2024 with 4 per cent increase (year-on-year) in sales after two consecutive years of annual declines, a report showed on Monday. Consumer sentiment fared better than in previous years following macroeconomic improvements. Smartphone sales in 2023 were the lowest in a decade, according to Counterpoint

New Delhi: As the Maha Kumbh 2025 began on Monday, companies across the spectrum are trying to capitalise on a huge opportunity to reach at least 45 crore people, and are likely to pour in thousands of crores in marketing campaigns and activities on the ground. From January 13 to February 26, the world’s largest

Mumbai: The Indian stock market opened in red on Monday amid weak global cues as selling was seen in the realty, metal, FMCG, PSU bank and auto sectors. At around 9.34 am, Sensex was trading at 76,821.43 after dropping 557.48 points or 0.72 per cent, while Nifty was trading at 23,257.65 after declining 173.85 points

Mumbai:  Five new IPOs (Initial Public Offerings) will be open for investors in the upcoming week, out of these, one is mainboard and four are SME public issues. In the mainboard category, Laxmi Dental’s IPO will open on January 13 and investors can bid for this public issue till January 15. The price band of

New Delhi: At least 100 companies have filed draft offer letters with the markets regulator Securities and Exchange Board of India (SEBI), as 2025 is projected to see fundraising via the primary market surpass Rs 2 lakh crore, according to market watchers. The Indian IPO market witnessed a landmark year in 2024, with over 90

New Delhi: The Adani Group has announced a planned investment of Rs 60,000 crore to expand the group’s power plants in Raipur, Korba, and Raigarh in Chhattisgarh. The Chief Minister’s Office on Sunday posted on X the details of the meeting and the planned investment. The CMO also posted pictures of the meeting. “In a

New Delhi: As Maha Kumbh sets to begin in Prayagraj at the holy confluence of the revered Ganga, Yamuna and Saraswati rivers from Monday, the largest religious congregation on Earth is anticipated to generate more than Rs 4 lakh crore in trade in a significant boost to India’s economy. As per industry estimates, Maha Kumbh

New Delhi: Led by technology companies, the total market capitalisation of top 50 firms in the Asia-Pacific (APAC) region surged to $8.1 trillion in 2024, reflecting a 20.6 per cent year-on-year increase, according to a new report. Geographically, India was third (after China and Japan) with seven companies accounting for $914 billion, according to the

New Delhi:  The Indian economy is expected to pick up growth momentum in the second half of the current financial year with high-frequency indicators such as digital payments, power demand, service PMI, air passenger traffic, rising toll and GST collections suggesting a recovery is already underway, according to a Bank of Baroda report released on

New Delhi: The first week of 2025 has been challenging for Indian equities, with broad-based selling dominating sentiment. Amid this weakness, the Nifty IT index stood out with a modest 1.6 per cent gain, supported by strong results and robust commentary from TCS about a demand revival in North America. IT’s outperformance highlights the importance