India Financial News

MUMBAI : Gazing down at Bengaluru from the top of the iconic Cafe Coffee Day building, known as the Square, one can sense the emerging power in India’s real estate market. Owned by Strata, the country's largest fractional real estate platform, the building symbolizes a major shift in property investments. Propelled by the concept of fractional ownership, Strata has rapidly grown to a formidable ₹1,800 crore in assets under management in just four years.

Iran attacks on Israel LIVE Updates: US, allies destroyed over 80 drones, missiles from Iran and Yemen, says Pentagon Late Saturday night, Iran launched a barrage of drones and missiles at Israel in response to Israeli attack on Tehran's consulate in Syria on April 1. Newswire Reuters quoted Macron as saying, “We are all worried about the possible escalation of the Middle East conflict.

Also Read: Gold rate today: Israel-Iran war continues to fuel gold prices Amidst an overall market downturn, the Nifty Metal index has emerged as a standout performer, representing the only sectoral index trading in positive territory today. At the start of the session, the Nifty Metal index experienced a decline of 2.3%, reaching an intraday low of 8,744 points. However, within the subsequent hours of trading, the index rebounded sharply, currently showing a gain of 0.95% at 9,041 points.

Dr Ravi Singh, SVP - Retail Research, Religare Broking, sees Sensex breaching the 1 lakh mark in the next 5 years. In an interview, the expert believes that now is the time to book some profits considering the volatility we will be seeing in the coming time due to corporate results and Lok Sabha elections. He advised investors to allocate 40 percent of their portfolio to large-cap stocks for stability and 30 percent each to small and midcaps for alpha generation over a longer time horizon.

5 biggest concerns around Iran-Israel tensions that could impact Indian stock market Experts are of the view that the market may remain volatile in the short term and one should focus on buying only quality stocks at this juncture Based on the recommendations of several experts, below are eight stocks that one can consider buying for the next three to four weeks. Take a look: Following its double top formation near the ₹4,900-4,800 zone, Navin Fluorine International has experienced a significant downturn, shedding nearly 2,000 points, equivalent to a substantial 41 per cent decrease in price. However, in the last five to six trading sessions, it has found support near the ₹3,000 mark.

What the vacant seats at TCS mean Artificial Intelligence continued to witness hiring momentum with a 12% rise in new job creation last month as per the report. The data scientist role also reported a 20% growth in hiring in March this year. The demand for senior-level professionals with experience of more than 16 years outpaces all other cohorts, clocking 11% growth year-on-year.

Has ECI taken the colour off India’s poll campaigns? The Delhi High Court had upheld the arrest of the Aam Aadmi Party (AAP) leader on April 9, arguing that the investigative agency was with "little option" after he skipped repeated summonses and refused to join the investigation. Kejriwal while approaching the Supreme Court on April 11, contended in the appeal that his arrest was "motivated by extraneous considerations." The High Court had said that Kejriwal's absence from nine ED summons over six months undermined any claims of special privilege as Chief Minister, suggesting his arrest was an inevitable consequence of his non-cooperation.

Read here: Stock market crash today: Why is India stock market down today? Explained with 5 reasons HDFC Securities has recommended five stocks to buy amid market volatility. The Retail Research at HDFC Securities believes these five stocks have the potential to deliver decent returns in a time horizon of 2-3 quarters based on their strong fundamentals.

₹15,999. Also Read | Infinix Note 40 Pro series launched in India: Check price, specifications and more Realme P1 5G is priced at ₹15,999 for the 6GB RAM/128GB variant and ₹18,999 for the 8GB RAM/256GB storage variant. Moreover, the Realme P1 Pro 5G is priced at ₹21,999 for the 8GB RAM/128GB storage variant and ₹22,999 for the 8GB RAM/256GB storage variant.

AU Small Finance Bank as its 'top pick of the week'. This is on the back of robust growth prospects, enhancements in Net Interest Margin (NIM), anticipated synergies from the merger with Fincare Small Finance Bank (SFB) to bolster Return on Assets (RoA), and the expectation of stable asset quality performance despite immediate challenges. The brokerage has a ‘buy’ call on the stock with a target price of ₹702, implying a potential upside of over 12 percent.

Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said. Tesla, which saw its global vehicle deliveries decline in the first quarter for the first time in nearly four years, is stepping up efforts to expand into new markets. It wants to begin with a showroom of 3,000 to 5,000 square feet (280-465 square metres) as well as a service hub in each city, said one of the people familiar with the plans.

passenger vehicle sales grew 10 per cent YoY, but its electric vehicle (EV) sales nearly doubled to account for 2 per cent of the overall PV sales. This EV surge in EV sales can be can be attributed to factors like, government incentive schemes like PLIs, infrastructure development like more EV charging points, increasing urban consumer interest, and government push to meet green target. Now with reports of Tesla's entry in the Indian market, and its CEO Elon Musk India visit this month, experts say Indian EV market will see immense growth in next few years.

Swaminathan Aiyar, Consulting Editor, ET Now, says “the emphasis is on more of the same. The thing is not to be different. The aim of the exercise is saying I am guaranteeing you that I have done so well for you. I am such a fantastic guy, the world looks up to me, I have improved India’s stature in the world, I have defended you against Pakistan, so I am such a great guy. I am giving you more of the same and I am giving my guarantee that I am more of the same. So, the emphasis really is more of the same, I would say, rather than saying how it is different.” Aiyar further says: “In four areas – education, employment, environment, and the police judicial system, major structural reforms are required, but they have not been attempted. And they have not been attempted because they are not easy areas to do. The attempts so far have not got very far. The BJP does not want to rock the boat at this particular point of time, even though it does have the political capital to do so. So, it is not attempting to do structural change in these four very important areas.”

mortgage rates and prices that are witnessing a steady uptrend. Top seven property markets of the country have registered total sales of 74,486 apartments during the quarter, which marks the second consecutive quarter where sales have exceeded 74,000 units, following the record-breaking performance with 75,591 apartments in the December quarter, showed data from JLL India. This sets a strong foundation for sustained growth in the residential market, surpassing the sales performance of 2023. Mumbai Metropolitan Region, Bengaluru, and Pune have driven the performance recording highest quarterly activity at 47,388 units or 64% of total sales.

Supreme Court on Monday adjourned the medical bail plea of Prabir Purkayastha, Newsclick founder and Editor-in-Chief, lodged in Tihar jail under anti-terror law, for April 22. A bench of Justices BR Gavai and Sandeep Mehta adjourned to next Monday the plea of Purkayashta, seeking bail on medical ground, as senior advocate Kapil Sibal representing him was unavailable. Earlier, the apex court had directed the All India Institute of Medical Sciences (AIIMS) to set up a medical board to examine the health condition of Purkayastha.

Amundi, Europe's largest asset manager, said on Monday that equities in India and emerging markets outside China will offer the most appealing returns in the coming 10 years, with U.S. stocks overall likely to lag. In a note on 10-year expected returns, Amundi said it has downgraded its predictions on U.S. market returns given that investors have now fully priced in growth expectations, especially in mega cap stocks.

Lancet report that asserted that the Indian government spends just 1.2 per cent of GDP on healthcare and noted that it was among the lowest among G20 countries, sources in the government said that spending is at an all-time high and out-of-pocket expenditure as a per cent of the total health expenditure has decreased. «As per the National Health Policy, 2017, public investment in health is envisioned to reach 2.5% of GDP by 2025. Ministry of Health and Family Welfare (MoHFW) has taken up with States to prioritize allocation to the health sector and enhance their health budgets by at least 10 per cent every year to reach the goal as envisaged,» one of the sources said. The budget estimates of the Department of Health and Family Welfare have reached from Rs 86,175 crore in 2023-24 from Rs 36,948 crore in 2014-15, thereby showing an overall increase of 133.23 per cent during the period, they said.

The stock opened at Rs 1036.5 and touched an intraday high and low of Rs 1047.6 and Rs 1018.45, respectively, in the session so far. Shares of the company of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 1068.65 and a 52-week low of Rs 580.2.

Congress leader Rahul Gandhi on Monday said the BJP poll manifesto does not have anything for the poor but talks about bidding for the 2036 Olympics. The BJP was keen on pushing its agenda of «One nation, one election,» he said accusing the ruling dispensation at the Centre, during his brief visit to Nilgiris district. «What are the BJP's policies for the poor?» Gandhi asked during his interaction with college students at Thaloor here before proceeding to Wayanad in Kerala. The Congress manifesto has policies for all sections of the people including the youth and women. «But the BJP election manifesto talks about holding Olympics in 2036. This is the difference between the Congress and the BJP,» he said.

The NSE Nifty index was trading 156.16 points down at 22363.25, while BSE Sensex was down 531.3 points at 73713.6 at the time of writing this report.

The NSE Nifty index traded 148.21 points down at 22371.2, while BSE Sensex was down 529.59 points at 73715.31 as of 11:20AM(IST)on April 15.