The yield on benchmark 10-year government bonds shot up by 12 basis points to 7.34 per cent, the highest level since March 23. The benchmark Sensex rose by 0.55 per cent, or 364 points, to 65,995.63.
Arjun Mohan was part of the BYJU’S founding team and was the Chief Business Officer in his previous stint.
Tesla has started discussions with the Indian government for an investment proposal to set up a car factory in India, with an annual capacity of as many as 500,000 electric vehicles.
The report reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the Indian financial system.
Tweaking of PLI tenure on the table; Incentives for white goods PLI will start flowing in the last quarter of FY24: Secretary
IndiGo on Wednesday announced the launch of its direct air services to Uzbekistan and Kazakhstan in Central Asia from Delhi next month.
At the interbank foreign exchange, the rupee opened at 83.28 against the dollar and then touched a low of 83.30, and a high of 83.27 against the greenback.
Foxconn and Vedanta signed a pact last year to invest $19.5 billion to set up semiconductor and display production plants in the western state of Gujarat, seeking to tap into the country’s plans to become an electronics major.
“India’s IIP growth rate rises to a 16-month high of 11.7 per cent in October 2023,” an official statement said.
“Respondents remained fairly optimistic on the one year ahead prospects for general economic situation, employment, income and spending,” the Consumer Confidence Survey (CCS), released by the RBI, showed.