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83% of Indian businesses see tech risks as a major threat: Report

83% of Indian businesses view technology advancements and the consequent rise is concerns around data privacy, security vulnerabilities, and regulatory compliance as major risk factors, according to Horizon Watch Emerging Risk Report 2024. The report, published by Tata AIG General Insurance and Dun & Bradstreet India, was conducted among 300 business leaders across 25 sectors

Other income rescues profits of early birds; operating margins of 164 firms shrink in Q2

The earnings season has got off to a subdued start, with virtually every heavyweight disappointing the Street. Net profits of a sample of 164 companies (including banks and financials) were up 7% year-on-year on the back of an 8% rise in revenues. But net profits would have fallen but for a 23% jump in other

CPPIB drops plans to sell 50% IndoSpace JV stake

CPP Investments (CPPIB), Canada’s largest pension fund manager, has dropped its plans to sell stake in IndoSpace Core, its equal joint venture with IndoSpace, a developer of logistics parks promoted by Southeast Asia-focused Everstone Capital and US-based Realterm, people in the know said. CPPIB did not get the desired valuation from bidders, sources said. “Also

Modern trade gets quick commerce check as users pivot online; grocery chains’ volume growth falls to 4% in July-Aug

Not just kiranas, but quick commerce is beginning to hurt organised grocery retailers in urban centres as consumers seek instant gratification and convenience. While DMart, a popular grocery chain, admitted last week that online formats were hurting sales in metro stores, NielsenIQ data sourced from the industry corroborates this trend. Sales volume growth in modern

Companies make a beeline to set up RE storage capacities

As the government looks to set up 500 gigawatt (GW) of green capacity by 2030, a key challenge is to ensure its seamless access to the Grid. This is because RE by nature is intermittent, which undermines its optimal use unless stored efficiently. Private companies such as ReNew, JSW Energy, Avaada Energy, Serentica Renewables, Gensol

RE targets can swell solar import bill to $30 billion a year

India’s renewable energy RE) ambitions could increase the country’s annual solar import bill to $ 30 billion from $ 7 billion currently with most of it coming from China and as the entire world faces the same issue in its efforts to decarbonise key countries need to unite to global scale solar manufacturing facilities, according

Rajasthan shines as India’s solar power hub

By Dr Mohit Tantia Rajasthan has emerged as a prime destination for solar energy investment, not just in India, but globally. With an impressive installed capacity of 22,860 MW, the state now ranks first in the country in solar energy production. As India pushes toward its ambitious goal of achieving 500 GW of non-fossil fuel

India seeks critical mineral pact with US

India has proposed to the United States to convert their memorandum of understanding in critical minerals into a critical minerals agreement (CMA) that will give the benefits of a free trade agreement to the trade of electric vehicles. “I have suggested that our critical minerals MoU should be converted to critical minerals partnership agreement and

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Markets open gap-up, Nifty above 23250, Sensex up 320 points

The benchmark equity indices opened Wednesday’s trading session gap-up. The NSE Nifty 50 opened 77.85 points or 0.34% higher at 23,253.90, while the BSE Sensex jumped 324.81 points or 0.42% to open at 76,824.44.  “FIIs’ ongoing sell-off, amounting to Rs. 34,382.60 crore in January, is capping bullish expectations. Rising oil prices, WPI spike, and caution

Sell on rise preferred strategy as further downside anticipated, says Religare Broking’s Ravi Singh

By Ravi Singh In the previous week, the Nifty reached a high of 24,089 but experienced a sharp decline, closing the week with a loss of approximately 2.5%. This week the bearish sentiment is likely to persist, with ‘sell on rise’ being the preferred strategy. Traders can maintain a bearish stance, anticipating further downside.  Currently

Gold, silver rate today on January 15 in Mumbai, Delhi, Chennai, Kolkata: Here are latest prices in other cities

Gold prices have risen over 1% compared to ten days back while Silver prices have fallen 0.4% during the same time frame. The precious metals saw a price hike as the local currency, the rupee, depreciated to a new all-time low along with a surge in crude oil prices.  On Tuesday, “gold traded within a

Global action at this hour – Here are top 6 cues to watch ahead of market opening

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a higher start on Wednesday following Asian markets opening on a mixed note in early trade hours.  Previously, on Tuesday, the NSE Nifty 50 closed the session 90 points or 0.39% higher at 23,176.05, while the BSE Sensex closed 169.62

Stocks To Watch: Adani Green Energy, J&K Bank, Vodafone Idea, L&T, Shoppers Stop, IRFC, Allcargo Gati, Premier Energies

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Wednesday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty was trading 40 points or 0.17% higher at 23,304 indicating a higher start for domestic indices NSE Nifty 50