As per reports, Tata Electronics made significant advancements in iPhone production during 2024, solidifying its role in Apple’s supply chain in India. After acquiring Wistron’s iPhone manufacturing facility in Karnataka’s Narsapura in October 2023, the company substantially increased its production, exports, and workforce. Surge in Production and Exports The Narsapura facility, now operated by Tata …
Asian markets advanced on Wednesday, January 15, 2025, buoyed by cautious optimism ahead of key US inflation data that could provide insights into the Federal Reserve’s future interest rate decisions. Gains in Japan and South Korea lifted the MSCI Asia Pacific Index, which climbed 0.4%, marking its second consecutive session in the green. Asian Markets …
The BSE Sensex ended its 4-day losing streak on January 14, 2025, rising 169.62 points (0.22%) to close at 76,499.63. During the session, it fluctuated between a high of 76,835.61 and a low of 76,335.75. Similarly, the NSE Nifty50 closed in the green with a gain of 90.10 points (0.39%), settling at 23,176.05 after trading …
The Indian stock markets will remain open today on Makar Sankranti, January 14, as it is not a recognised holiday, with trading continuing as normal. Meanwhile, the RBI has declared a bank holiday in some cities on the same day. According to the official holiday calendar released by the National Stock Exchange (NSE) of India, Makar Sankranti …
Neville Noronha, one of India’s wealthiest CEOs, has announced his decision not to renew his contract with Avenue Supermarts, the parent company of the DMart retail chain. After more than 20 years of exceptional leadership, Noronha will step down at the end of his term in January 2026. The company has named Anshul Asawa of …
The Nifty50 has breached all critical support levels, marking a significant decline in Monday’s trading session. After a 2.5% drop last week, the index continued its downward spiral, losing an additional 1.47%, equivalent to around 345 points. This marked the 4th consecutive session of losses. Broader Markets Face the Brunt While the Nifty’s decline has …
The Nifty Financial Services Index (FINNIFTY) is a benchmark index designed to represent the performance of India’s financial market. It includes a diverse range of companies such as banks, financial institutions, housing finance, insurance firms, and other financial services companies. The index is composed of 20 prominent stocks listed on the National Stock Exchange (NSE). …
The BSE Sensex witnessed a steep fall on January 13, 2025, declining by 1% or 770 points by 1:16 PM. The market sentiment was dented by a stronger-than-expected US jobs report, which reduced hopes of early interest rate cuts by the Federal Reserve. Coupled with concerns over slowing corporate earnings, the market began the week …
The Securities and Exchange Board of India (SEBI) has introduced significant changes to the nomination rules for mutual funds and demat accounts to reduce unclaimed assets and improve the management of investments, particularly in cases of illness or the death of an investor. Updated Mutual Fund Nomination Rules (Effective March 1, 2025) SEBI now allows …
The Indian stock markets will remain open on Makar Sankranti, January 14, as it is not a recognised holiday, with trading continuing as normal. Meanwhile, the RBI has declared a bank holiday in some cities on the same day. According to the official holiday calendar released by the National Stock Exchange (NSE) of India, Makar Sankranti will …
