India Financial News

Sensex gained 17.39 points, or 0.02%, to close at 73,895.54, while the Nifty 50 settled 33.15 points, or 0.15%, lower at 22,442.70. “The surge in India VIX by over 70% in the last eight trading sessions from around 10 to its 52-week high near 17 level, indicating increasing nervousness among investors due to the ongoing global uncertainties and Lok Sabha election outcome next month. Hence, markets are likely to remain in a broader range with stock-specific action in the near term," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Buy or sell stocks for today: Despite positive global market cues, the Indian stock market ended lower after a highly volatile session on Monday. The Nifty 50 index lost 33 points and finished at 22,442, while the BSE Sensex ended marginally higher at 73,895. The Bank Nifty index went off 28 points and closed at 48,895.

Lok Sabha seats. With this phase, voting will be completed in Gujarat, Goa and the union territory of Dadra and Nagar Haveli and Daman and Diu on Tuesday. Also, with polling underway in 14 seats today in this phase, elections for all 28 seats of Karnataka will also be over today.

state-owned banks, non-banking finance companies (NBFCs) and infrastructure firms plunged as much as 10% on Monday following the Reserve Bank of India's tougher draft guidelines on the financing and accounting of project loans. The proposed stricter lending criteria, with additional provisioning, are aimed at preventing accounting shocks but could potentially hurt balance sheets of these entities and exert pressure on their valuation multiples, analysts and economists said.

Equity markets witnessed a gradual decline after opening higher on Monday amid high volatility. Analysts said the surge in India VIX by over 70% in the last eight trading sessions from around 10 to its 52-week high near 17 level indicates increasing nervousness among investors due to the ongoing global uncertainties and Lok Sabha election outcome next month. «Hence, markets are likely to remain in a broader range with stock-specific action in the near term,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

electric cycle maker EMotorad, in which cricketer Mahendra Singh Dhoni invested an undisclosed sum last month, is set to complete the phase-1 build of its factory at Ravet, Pune. The 2,40,000-sq. ft. facility, scheduled to be inaugurated on August 15, will have the capacity to make 500,000 million e-cycles, founder and CEO Kunal Gupta told ET. It will also employ 300 more people, from the current 50, by then, he added.

Indian Overseas Bank (IOB) has put on sale 92 bad loan accounts totalling ₹13,472 crore, including Videocon Industries (₹900 crore), Frost International (₹839 crore) and Rotomac Global (₹750 crore), for a reserve price of over ₹4,000 crore. The sale is the Chennai-based bank's attempt to explore other avenues for recovery when cases in the National Company Law Tribunal (NCLT) are delayed beyond any timeline, IOB executive director Joydeep Dutta Roy said.

Deepak Nitrite surged 4.8% after Morgan Stanley gave a 'double-upgrade' in its rating on the stock to overweight. The brokerage set a price target of ₹2,985 on the stock, implying an upside of about 16% over its Monday closing price of ₹2,560.5. The brokerage said Deepak Nitrite is in the midst of its largest investment cycle, transitioning into India's largest, integrated phenolics producer.

Microsoft Corporation recently acquired 48 acres of land in Hyderabad for a deal valued at approximately Rs 267 crore. The property was purchased from the land aggregator, Sai Balaji Developers, located in Ranga Reddy district, as per the document shared by Propstack, a data analytics firm. «Microsoft has big plans to expand its data centre business and will be developing one of the biggest data centres in the region. The property is located about forty kilometres from the main city of Hyderabad, and the company paid a premium on the land,» said a person aware of the deal.

Tech giant Google has issued a warning to all advertisers to refrain from posting any content which has vulgarity developed using deep fake technology. Deep fake technology involves using Artificial Intelligence to morph images or videos of individuals and also voice over. It is mostly used to outrage the modesty of individuals, influence electoral outcomes and positively used in the entertainment industry, as per a report on New York Post. In this particular case, Google has come out with a new policy wherein advertising content which promotes vulgarity using deepfake technology or even those that advertise methods to create vulgar ads using deep fake technology will be taken down by the tech giant.

Eight months ago, life was good for Kavish Kataria, the 33-year-old former SocGen vice president at the centre of the French bank's latest trading brouhaha. Based in Hong Kong on the delta one desk, Kataria says he made $50m in profits in 2023 through to September. He was expecting a $1m bonus and was scheduled to move to Singapore with the bank.

infrastructure-led growth agenda, a report said on Monday. As per the data released by the Indian Construction Equipment Manufacturers' Association (ICEMA), the construction equipment (CE) industry had sold 1,07,779 units in the previous fiscal year. «With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian Construction Equipment industry has recorded a 26 per cent increase in overall sales volume for the financial year 2023-24, surpassing all projections,» it said. The statement further said the government's infra-led growth agenda and pre-election impetus on projects in the pipeline triggered positive growth in all five major construction equipment segments.

In this article, we have curated a list of the best handheld misting fans in India which are readily available on Amazon. Go through the complete list, explore their features and benefits, find the one that suits you the best and place your order using the buying links shared in the article below.

New Delhi: India on Monday permitted export of 14,000 million tonnes of non-basmati white rice to Mauritius, the Directorate General of Foreign Trade (DGFT) said in a notification. “The export of 14,000 MT of Non-Basmati White Rice to Mauritius has been permitted through National Cooperative Exports Limited (NCEL),” the DGFT said. In July 2023, the government had prohibited the export of non-basmati white rice but it had said exports would be allowed on the basis of permission granted to other countries to meet their food security needs and based on requests from those countries.

Indian oil refiner Reliance Industries has resubmitted a request to the U.S. for an authorization to import crude oil from sanctioned Venezuela, three people close to the matter said, and resume oil trade between the OPEC producer and the once second-largest destination for its oil. French oil producer Maurel & Prom separately on Monday said the U.S. on Friday granted it a license to conduct oil and gas operations in Venezuela for the next two years. The U.S. in April did not renew a general license for Venezuela to export oil and fuel to its chosen markets, and gave 45 days to companies to wind down transactions. But the U.S. had said some individual authorizations to foreign firms seeking to do oil business with Venezuela would be issued.

Supreme Court on Monday refused to entertain a petition by traders’ associations, challenging the constitutionality of Section 43B(H) of the Income Tax Act that requires businesses to settle their dues with micro, small and medium enterprises (MSMEs) within 45 days to claim tax benefits. A bench led by Chief Justice DY Chandrachud instead asked the petitioners – Federation of All India Vyapar Mandal, Federation of Madras Merchants and Manufacturers Association, and Confederation of West Bengal Trade Associations – to move the high court for any relief. The new rule has come into force from April 1.

Indian telecom firms too want fair share of revenues from internet companies “The new law covers much more than what the earlier laws used to cover. Some licences that have been given in the last six to seven years will remain active as per rules of the older Acts. It has to be ensured that they continue and the new laws don’t create any conflict, that itself will take a lot of time.

Hundreds of Indians had dropped their plans to visit the Maldives after three Maldivian officials made derogatory comments on India and PM Modi after the latter posted photos of Lakshadweep Islands on his X handle. Since January, the number of tourists visiting the island nation declined by 42 per cent.

The pre-owned category on the platform is a strategic focus. In its continuous effort to make unique and rare pre-owned pieces easily available to people across the country, the platform will be onboarding various partners to offer products across categories.

MUMBAI : TI Clean Mobility, a wholly-owned subsidiary of Tube Investments of India Ltd, said it has signed a definitive agreement to raise ₹580 crore from GEF Capital Partners, through equity and compulsorily convertible preference shares. This is part of TI Clean Mobility’s planned ₹3,000 crore fundraise for its electric vehicle (EV) venture.

₹20 for a 250ml bottle, it is the country’s first affordable energy drink. It is also low on sugar—6.8gm to Sprite’s 9.5gm and Red Bull’s 11gm per 100ml of serving. However, its relatively high caffeine—72mg—acts as a stimulant and makes it edgy.