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India International Trade Fair, an official statement said on Monday. The Government e-Marketplace (GeM) is an online platform that facilitates end-to-end procurement of goods and services by various central, state ministries, departments, organisations, public sector undertakings, panchayats, and cooperatives. The online portal was established with a clear objective to eliminate cumbersome and archaic manual public procurement processes that were riddled with inefficiencies and transparency-related issues. GeM is onboarding the Indian sellers and service providers by conducting an extensive registration drive at its pavilion at the India International Trade Fair (IITF), the commerce ministry said.

Domestic benchmark index NSE Nifty ended 78.91 points at 23453.8, while the BSE Sensex closed 241.3 points down at 77339.01.

Benchmark NSE Nifty closed 78.91 points down at 23453.8 amid selling in frontline bluechip counters.

stocks rallied as much as 15% in Mumbai trading on Monday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Siddha Ventures Ltd.(20.00%), Shri Gang Industries(19.99%), Jindal Poly Investm(19.99%), James Warren Tea(19.99%), Multibase India(19.99%), Tokyo Finance(19.98%), Laffans Petro(19.98%), Sumedha Fiscal(19.88%), Purple Entertainment(19.20%) and Garware Tech(18.71%).

portfolio outflows and a decline in most Asian currencies weighed on the local unit. The rupee closed at 84.3850 against the U.S. dollar, nearly unchanged from its close of 84.3950 in the previous session.

IT stocks after Federal Reserve Chair Jerome Powell indicated that strong U.S. economic growth would delay interest rate cuts. The BSE Sensex fell 241 points, or 0.31%, to close at 77,339, while the NSE Nifty slid 79 points, or 0.34%, to finish at 23,453.

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foreign institutional investors (FIIs) for the last one-and-half months which have resulted in an 8-9% correction in the Indian benchmark indices, the outflows are just about 1% of foreign ownership in the domestic equities. Moreover, the local markets are cushioned with 83% domestic ownership with tailwinds of strong retail appetite.

Subscribe to enjoy similar stories. Indonesia, for decades a natural partner to the US because of similar defence priorities and democratic values, has in recent years drifted more toward China, drawn by its economic support. A potentially more insular American foreign policy under President-elect Donald Trump is pushing Jakarta even closer to Beijing.

«So, pretty steep price hike that is required to sort of restore the margins to what they were, let us say, from an FY24 benchmark perspective,» says Probal Sen, ICICI Securities. Firstly, this is the second cut that we have seen when it comes to the APM gas allocation. So, cumulatively, how much has been the APM gas allocation reduced for the city gas distribution companies? And to mitigate this impact, what is the kind of price hike that they need to take now? Probal Sen: So, a couple of quarters ago, the blended allocation, as you would know the cut has primarily come in the CNG segment, so the domestic PNG segment still continues to get close to what is required to supply from what our understanding is.

Real Estate Investment Trusts (REITs) have disbursed a total of Rs 2,754 crore to their unitholders in the first half of fiscal 2024, reflecting a 14% increase over the previous year's distribution, according to the Indian REITs Association (IRA). The total disbursement for H1 FY24 was split between four major listed REITs —Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust. The funds were distributed to more than half a million unitholders, with the second quarter alone accounting for Rs 1,383 crore. Since their inception, Indian REITs have distributed over Rs 19,000 crore to investors, highlighting the sector's growing appeal in the country’s real estate market.

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Aniruddha Naha, CIO-Alternates, PGIM India Asset Management, says this year is probably the year to build portfolios and not expect too much in terms of absolute returns. PGIM would cautiously continue to build portfolios over a period of time. But in the near term, we do not see the markets bouncing back in a large way. Naha further says that a 5-10% correction from here into capital goods would make it very interesting. Plus, there is reasonable value in largecap financials, especially on the lending side. There is also value in segments like textiles, chemicals and agrochemicals, which have been beaten down over the last three years. Healthcare is something they are very confident in. Given the fact that markets have declined more than 10% from their recent peak, with all the major events behind us, how are you reading into the current markets and do you expect a recovery anytime soon or do you expect the markets to continue to lag for the next six months? Aniruddha Naha: Our view is probably the worst of earnings is through.

In its interim results for the six months to 30 September, the asset manager said the rise in average AUM drove a 15% increase in net management fees to £87.6m, up from £76.5m a year earlier. As pre-announced in October, there was no performance fee profit in the period. Core operating profit climbed 21% year-on-year to £27.3m. Meanwhile, pre-tax profit rose 9% to £23.1m, tempered by £6m in exceptional items, including a goodwill impairment linked to the Dalton Strategic Partnership acquisition. As reported in a trading update in October, AUM rose 4% to £22.7bn at the end of the repor...

Subscribe to enjoy similar stories. As the dust settles after one of the most turbulent presidential elections in American history, many are asking whether US president-elect Donald Trump will deliver on his economic agenda and—assuming he follows through on his campaign promises—what impact his policies will have on the United States and rest of the world. On the campaign trail, Trump repeatedly pledged to create manufacturing jobs by imposing a 10% tariff on all imports and up to 60% on Chinese goods.

MphasiS Ltd. 2.7 per cent to Rs 2765.05 in Monday's trade. It hit a high of Rs 2840.00 and low of Rs 2753.45 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 2669.52, while the 50-DMA was at Rs 2974.51. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

HDFC Asset Management Company Ltd. traded 2.08 per cent at Rs 4189.75 at 01:49PM (IST) on Monday, even as BSE benchmark Sensex 234.49 points to 77345.82. The scrip had closed at Rs 4278.75 in the previous session. The stock quoted a 52-week high price of Rs 4862.00 and 52-week low of Rs 2759.75, respectively. As per BSE data, total traded volume on the counter till 01:49PM (IST) stood at 6170 shares with a turnover of Rs 2.58 crore.

Indian economy in 2025. While the outlook remains optimistic, the report, authored by Radhika Rao Senior Economist, DBS Bank and Philip Wee, Senior FX Strategist, DBS Group, highlights both structural strengths and cyclical headwinds.

Indian Oil Corporation Ltd. traded 0.0 per cent at Rs 134.80 at 12:52PM (IST) on Monday, even as BSE benchmark Sensex 27.63 points to 77552.68. The stock had settled at Rs 134.80 in the previous session. The stock quoted a 52-week high price of Rs 196.80 and 52-week low of Rs 99.20, respectively. As per BSE data, total traded volume on the counter till 12:52PM (IST) stood at 699774 shares with a turnover of Rs 9.39 crore.

Marico Ltd. 0.07 per cent to Rs 592.65 in Monday's session as of 01:01PM (IST) even as the equity benchmark Sensex traded 157.17 points at 77423.14. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 719.80 and a 52-week low of Rs 486.75 on NSE. Around 10852 shares changed hands on the counter till 01:01PM (IST).

Canara Bank 0.66 per cent to Rs 98.10 at 12:57PM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 605,348 shares with a turnover of Rs 5.88 crore till 12:57PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 5.56, while the price-to-book value ratio stood at 1.27.