The week ended January 24, 2025, saw the Indian securities market on a roller coaster ride. The benchmark indices NSE Nifty 50 and BSE Sensex started the week with 23,290.40 and 77,073.44 on January 20, 2025, respectively. On Tuesday, the benchmark index BSE dropped significantly to 75,838.36. At the close of the week, the Indian securities market dropped 0.49% …
In a landmark development, Tata Electronics announced the acquisition of a controlling 60% stake in Pegatron Technology India. This acquisition strengthens Tata Electronics’ presence in the electronics manufacturing services (EMS) sector and aligns with the Indian government’s ‘Make in India’ initiative. Pegatron India, a subsidiary of Taiwan-based Pegatron Corporation, plays a key role in Apple’s …
Amazon Web Services (AWS) has pledged an investment of ₹60,000 crore to expand its data centre infrastructure in Hyderabad, Telangana. The announcement was made during the World Economic Forum (WEF) annual conference in Davos, Switzerland, where AWS Global Public Policy Vice President Michael Punke met with Telangana IT and Industries Minister D. Sridhar Babu and …
JSW Defence, a part of the JSW Group has signed an MoU with the Telangana government to invest ₹800 crore in a drone production plant. Supported by a global partnership, this initiative is expected to strengthen Telangana’s position as a hub for advanced technology and innovation. Landmark Investment in Telangana JSW Defence has signed a …
As per news reports, India plans to repatriate 18,000 illegal migrants from the US in line with President Trump’s immigration policies, signalling its willingness to cooperate with the new administration and mitigate potential trade tensions. How Many Illegal Indian Migrants Are There? Around 18,000 Indian nationals living unlawfully in the US have been identified, though …
Piramal Pharma announced on Wednesday, January 22, that its division, Piramal Critical Care (PCC), has launched Chlorpromazine Hydrochloride for Injection, USP in the United States. This marks an important addition to PCC’s growing portfolio of generic injectable products. The product will be available in two vial formats: 25 mg/1 mL and 50 mg/2 mL, providing …
The Nifty 50 index recovered before its weekly expiry, showing a gradual upside on Wednesday, January 22, 2025. The index traded within a range-bound manner, oscillating between 22,981 and 23,169 levels. Despite the constrained movement, the Nifty 50 managed to close above the key 23,150 mark, ending the day with gains of 130 points at …
The benchmark equity indices ended Thursday’s trading session in positive territory. The NSE Nifty 50, on its weekly expiry day, jumped 50 points, or 0.22%, to settle at 23,205.35, while the BSE Sensex gained 155.40 points, or 0.15%, to close at 76,520.39. The broader indices ended in mixed territory, with gains led by large-cap stocks. …
The Indian housing market experienced a notable decline in both sales and new supply during 2024. Sales of residential properties across nine major cities fell by 9% to 4,70,899 units compared to 5,14,820 units in 2023. New supply also dropped by 15% to 4,11,022 units due to subdued activity during the general elections and the …
In a landmark move to protect home-buyers interests, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken stringent action against developers of over 1,950 stalled real estate projects. The authority has frozen their bank accounts and suspended project registrations, marking a significant step towards enforcing compliance and accountability within the real estate sector. This action …
