Fri, Dec 20, 2024 10:56 AM
IT stocks rise post Accenture's robust Q1 result lift sentiments for sector
A Flip by Avya Verma
Power & Instrumentation (Gujarat) Ltd (PIGL) on Monday (December 23) announced plans to increase its shareholding in Peaton Electricals Company Ltd (PECL) from 15% to 60%. This strategic acquisition is expected to bolster PIGL’s presence in the electrical manufacturing sector and align with its growth-oriented vision. The move comes as PECL secures a licence from Siemens to manufacture, assemble.
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India's Ministry of Statistics and Programme Implementation Secretary Saurabh Garg emphasizes the need for data-driven decisions to achieve 8%+ growth rates, leveraging administrative data from sources like GST and MNREGA, and improving inter-ministerial coordination and data standards. India's economy grew 8% in FY24, but slowed to 6% in H1.
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Apple's AI-driven iPhone 16 is expected to drive demand this holiday season, potentially sending the company's market value to a record high of $4 trillion by 2025, according to Wedbush analysts, who predict iPhone sales of 240 million in 2025, fueled by upgrades across its installed base. Apple's stock has surged 37% this year, making it the world's most valuable company.
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