📈 Amid mixed global cues, benchmark indices started on a flat note today. 📊 At 9:16 AM, the Sensex gained 150.34 points or 0.20% at 74,633.12 and the Nifty was up 50.10 points or 0.22% at 22,654.95. 📢 Indiamart Intermesh (⬆️4.15%), Cholamandalam Investment and Finance Company (⬆️3.73%) and Hindustan Petroleum (⬆️3.54%) appeared as the top performers on the Nifty50 at open.
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The ADB's actual finance numbers for its largest climate adaptation projects in countries in Asia, including India, are "overstated" and could be off by 44%, USD 0.9 billion instead of the reported USD 1.7 billion, Oxfam claimed in a report. The ADB, however, reaffirmed its figures, standing by its methodology and commitment to deliver USD 100 billion in climate financing by 2030.
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Domestic computer server maker Netweb Technologies posted a nearly three-fold jump in its net profit to Rs 29.6 crore in the fourth quarter ended on March 31, 2024, on account of a boom in demand for artificial intelligence-based solutions. The company had posted a net profit of Rs 10.5 crore in the same period a year ago. Revenue from operations of Netweb Technologies more than doubled.
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