Foreign investors made a significant turnaround and injected over Rs 1,500 crore into Indian equities in February, reversing the massive outflows seen in the preceding month, primarily due to robust corporate earnings and positive economic growth. Additionally, Foreign Portfolio Investors (FPIs) continued to be bullish on the debt markets.

Prime Minister Narendra Modi on Saturday flagged off tanker 'Swarna Sindhu', carrying the first parcel of crude oil from ONGC's recently commissioned Krishna Godavari deepwater project. At its peak production, this project will add 7 per cent each to India's oil and gas production, Oil and Natural Gas Corporation (ONGC) said in a statement.

E-commerce major Flipkart has rolled out its Unified Payments Interface (UPI) service for online and offline payments within and outside its app. The move will allow Flipkart, which claims to have more than 50 crore registered users and 14 lakh sellers on its marketplace, to reduce dependence on third-party UPI apps such as Paytm, PhonePe, Google Pay and Amazon Pay.

The Nifty extended gains for a third straight session to end at a new closing high in a special trading session on March 2,  aided by gains in metals and a drop in volatility. The 50-share index hit a new all-time high of 22,420 before closing 0.18 percent higher at 22,378.4 after an under two-hour session, which was held to test the exchanges’ disaster recovery site in case of an emergence.

Continuing its upward trend for the third consecutive week, the Nifty 50 index reached a new all-time high of 22,419.55 on Saturday, March 2, 2024, triggering a fresh upside for the March series. This Saturday's trading session, compared to the January 20 session, which witnessed abrupt spikes on counters and arbitrage opportunities, was smoother, with just a slight increase in volume.

Global stock indexes rose and Treasury yields fell on Friday as weaker-than-expected U.S. data underscored investor expectations of Federal Reserve interest rate cuts in the coming months. The Institute for Supply Management (ISM) said on Friday that its manufacturing PMI fell to 47.8 last month from 49.1 in January. It was the 16th straight month that the PMI remained below 50.

Large Indian lenders are vying with their global peers for a share of the billions of dollars expected to flow following the inclusion of the nation’s bonds in JPMorgan Chase & Co’s emerging markets debt index. ICICI Bank Ltd. and HDFC Bank Ltd. are planning meetings with investors in London, Singapore and Hong Kong in the coming months, seeking to woo them with a range.

Demand has grown so fervent for corporate bonds that investors are once again willing to finance big mergers and acquisitions something they hesitated to do for much of last year.In just the past two weeks, about $50 billion of bonds have been sold to help finance acquisitions and spinoffs. The deluge, which included notes tied to AbbVie Inc., Bristol Myers Squibb Co. and Cisco Systems Inc.

India's Tata Capital is looking at overseas fundraising for the very first time and hopes to raise around $750 million via offshore bonds or loans in the next fiscal year starting in April, a senior company official told Reuters on Wednesday. The company, as a part of diversifying its liability base, may evaluate raising up to $750 million through overseas loans or bonds in FY25, said Rakesh.

Info Edge applications Naukri, 99acres and Shiksha are relisted back on Play Store, company founder Sanjeev Bikhchandani said on Saturday.“Many of the Info Edge apps are back on the play store. An effort very well led by Hitesh and the entire Info Edge team. People were up all night for this. Great crisis management,” writes Bhikchandani on X. (This is a breaking, refresh for updates)

Equity benchmarks the Sensex and the Nifty hit new highs but ended a special two-hour trading session on March 2 with minor gains. The Nifty ended the day at 22,378.4, up about 40 points, or 0.18 percent, from the previous close, while the Sensex gained 73,806, up 61 points, or 0.08 percent. In the first phase of trading, from 9 am-10 am, the Nifty hit a new high of 22,420 and the Sensex 73,868.

The government has asked artificial intelligence platforms to seek its permission before launching an AI product in the country, Union Minister Rajeev Chandrasekhar said on March 2. "This signals that we are moving to a regime when a lot of rigour is needed before a product is launched. You don't do that with cars or microprocessors.

A burgeoning young population, characterized by an insatiable hunger for consumerism, coupled with an equally satisfying surge in disposable income, synergistically combines with an ever-expanding appetite for digitalization. This convergence forms the essential recipe for an economy poised to catapult into unprecedented growth and prosperity.

NOIDA: The Greater Noida Industrial Development Authority (GNIDA) board on Friday allocated Rs 1,200 crore for land acquisition, Rs 500 crore for Noida Airport, and Rs 30 crore for metro rail expansion this year, officials said. Overall, a budget of Rs 4,859 crore was approved for 2024-25 for GNIDA during its 134th Board Meeting held in Greater Noida.

NEFT system has achieved a milestone on leap day i.e., on February 29, 2024, by processing 4.10 crore transactions, the highest ever in a day so far. The precise number was 4 crore 10 lakh sixty-one thousand three hundred and thirty-seven, announced the Reserve Bank of India (RBI) on Friday. In the past ten years (i.e., between 2014 to 2023), National Electronic Funds Transfer and RTGS