The Tata Group plans to create 500,000 manufacturing jobs over the next half-decade in sectors like battery, semiconductors, electric vehicles and solar industries, Tata Sons Chairman N. Chandrasekaran said on Thursday.
The stock market ended higher on Friday, driven by gains. The domestic market witnessed low volatility in the absence of fresh triggers and traded on a positive note throughout the session.
The foreign exchange reserves fell for a third consecutive week as of December 20, data from the Reserve Bank of India said on Friday.
In terms of FTAs, India has signed nearly eight key agreements this year.
As many as nine projects under the scheme for the promotion of manufacturing electronic components and semiconductors (SPECS) were approved by the government to generate 15,710 jobs.
Online jewellery sales in India have seen rapid growth over the past few years, largely driven by demand from millennials amid growing internet penetration, World Gold Council said. Most online sales, it said, are driven by consumers aged between 18 and 45 and while online jewellery purchases have risen, the average ticket size has, however, remained between 5 and 10 grams.
The monetary policy tightening in the US and the subsequent strength in the dollar could continue to be a source of volatility for Indian equities in the coming months, due to their negative effect on earnings and balance of payments, said Morgan Stanley.
Akash Ambani, the eldest of two sons of Reliance Industries chairman Mukesh Ambani has found his name on Time magazine's top 100 global rising stars. Every year, TIME magazine publishes the TIME100 Next, a list--inspired by its flagship TIME100--that recognizes 100 rising stars worldwide. Akash Ambani is graduated from Brown University with a major in Economics.
Some of the gainers in the early trade are Tata Chemicals, Century Enka, Forbes, Aptech and Sreeleathers
Over the past 24 hours, variations in gold prices have been seen in several major Indian cities.
