India Financial News

₹431.10 apiece on BSE after it notified the exchanges that it had ended the Phase 2 study on Vodobatinib for Parkinson's. Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One, said that recently the stock has seen strong positive momentum, but today it has seen selling pressures with prices down 5% on the lower circuit.

Lok Sabha elections 2024: The Election Commission of India (ECI) on Wednesday directed all states and union territories to trace the printers and publishers from the election-related material including hoardings. The direction is another step by the poll commission to ensure accountability and transparency in campaign communications ahead of the Lok Sabha elections 2024.

Chirag Negandhi, MD of JM Financial Limited. In an interview with Shilpy Sinha, he said that the market trajectory will increasingly hinge on the election manifestos, which will outline the broad policy direction for the upcoming term. On recent RBI action, the group is committed to regulatory compliance and is cooperating with the regulations, Negandhi said. Excerpts: Recently RBI has barred JM Financial from doing any financing against shares and debentures. How do you respond? I would like to reiterate that as a group we take all regulatory matters with utmost importance and are committed to cooperating with the regulators.

DMK in Tamil Nadu, on Katchatheevu and 'Shakti' remarks, accusing them of keeping the «country in the dark» over the island issue and charged them with ill-treatment of women. He especially singled out the DMK over alleged corruption, saying the Dravidian party had the «first copyright» on the issue and added the «family» was intent on looting the state, in an apparent reference to the party's first family, headed by its president and Chief Minister M K Stalin. «The DMK has the first copyright on corruption, the entire family is looting Tamil Nadu,» he said at an election rally here, while canvassing votes for NDA candidates, including BJP nominees for the April 19 Lok Sabha elections in the state. He further charged the DMK with being «a family company,» that was impeding the progress of the state's youth with its «old mindset.»

Two tribal nations are accusing social media companies of contributing to high rates of suicides that disproportionately affect Native American youth

Shares are mixed in Asia after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports

Shares are mixed in Asia after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports

Bastar region ahead of the upcoming first phase of Lok Sabha elections with deployment of 350 companies of security personnel to safeguard and escort polling parties, both on foot and by road besides utilising ten Indian Air Force Mi-17 choppers assigned for polling duties. Bastar is scheduled to hold its first phase of LS polls on April 19, with 1,472,207 voters expected to cast their ballots. Massive Security Deployment in Bastar Voting will take place from 7 am to 3 pm across Bastar due to insurgency-related risks, except in Jagdalpur town, where the polling hours will extend until 5 pm.

Tata Motors-owned Jaguar Land Rover (JLR) on Wednesday reported an 81 per cent jump at 4,436 units in its retail sales in India in the fiscal ended March 31, 2024. The year-on-year growth of 81 per cent represents one of the best performances in the market since the company's launch in India in 2009 and its highest in the last five years, JLR India said in a statement. Retail sales of SUVs, Range Rover, and Defender continued to grow with year-on-year increases of 160 per cent and 120 per cent respectively, it added. The newly launched 2024 model year 'Discovery Sport' and 'Range Rover Evoque' grew by 50 per cent and 55 per cent year-on-year respectively, the company said.

mutual funds and foreign portfolio investors (FPIs) raised stakes in the fintech firm. March quarter shareholding pattern shows that MFs raised their stake in Paytm by 117 bps to 6.15% in Q4, led by investment from Mirae Mutual Fund and Nippon India Mutual Fund. As a result, domestic institutional investors witnessed an increase in stake by 79 bps from 6.06% to 6.86%. FPIs increased their stake in Paytm by 200 bps to 20.64% during the quarter.

Amit Shah on Wednesday accused West Bengal Chief Minister Mamata Banerjee of «misleading» people on the CAA and «facilitating» infiltrators for vote bank politics, emphasising that refugees should apply for citizenship without apprehension. While addressing an election rally in Balurghat, his first in Bengal since the Lok Sabha polls were announced, Shah slammed the TMC government «for trying to save the culprits in the Bhupatinagar bomb blast case» and for filing cases against NIA officials. «Mamata didi is misleading people about the Citizenship Amendment Act (CAA). Why is she against refugees obtaining citizenship? I request refugees not to be afraid, please apply for citizenship, there will be absolutely no problem. No police case will be filed against you. Granting citizenship to refugees is our commitment,» he said. The Centre last month implemented the Citizenship (Amendment) Act, 2019, notifying the rules four years after the law was passed by Parliament to fast-track citizenship for undocumented non-Muslim migrants from Pakistan, Bangladesh and Afghanistan who came to India before December 31, 2014.

Expert view: General Election 2024 a major trigger, upside looks limited, says Sunil Damania Niraj Kumar, Chief Investment Officer at Future Generali India Life Insurance Company expects the outlook on margins of the Indian IT players to be better aided by the resolution of supply-side challenges, reduced attrition, and reasonable wage increments. “The better growth outlook also stems from the fact that IT spending is now perceived as core to the sustenance of any business and no longer considered discretionary, while emerging business lines like generative AI will also aid growth.

Shilpa Rout, Derivatives Analyst, Prabhudas Lilladher, says Coal India is one of the top picks had today. The other one would be SRF which is also showing a lot of momentum. The chemical and fertiliser space is buzzing very strongly. And from here, SRF can touch Rs 2,750 to 2,800. It has already run up from the time I have been giving this recommendation. But yes, on every decline towards 2,640 also, we can buy. Let’s keep a stop loss at Rs 2,600 or just below that, maybe Rs 2,595 and look for targets towards Rs 2,800. What are you expecting in Nifty and Nifty Bank? Nifty has crossed the 22,700 mark/ Any particular level that one should watch out for as a support and a resistance for the Nifty? Shilpa Rout: We see that there is a resistance at around 22,800 and until and unless we breach on the upside from here, we might not see 22,000, 23,200 coming in very easily. However, there is a limited downside. We have a very strong support at 22,500 as well. So, any sort of dip that you get intraday or maybe a couple of days towards 22,500 should be a buying opportunity and to go long for 22,800 to 23,000 to 23,200 as well.

Naad Wellness, a luxury resort firm, said the concept of wellness retreats has gained significant momentum post-pandemic and global health crisis served as a wake-up call, prompting a shift towards prioritizing holistic living and overall well-being. The company that started its operations in 2018, has around 50-60% occupancy at its property in the National Capital Region(Delhi NCR). It is exploring targeted marketing initiatives, strategic partnerships, and innovative wellness programs to further enhance occupancy levels. «The pandemic has brought about profound changes in travel and hospitality trends, with a heightened emphasis on safety, hygiene, and wellness. Travelers are now more discerning, opting for destinations and accommodations that prioritize health and rejuvenation. Additionally, there has been a surge in interest towards secluded, nature-centric retreats, reflecting a desire for solace and introspection amidst the chaos,» said Ramesh Kumar, managing director and co-founder at Naad Wellness.

Holani Venture Capital Fund to capitalize on investment opportunities within the SME sector. The company's focused approach and deep understanding of the SME landscape enable it to identify promising businesses with high growth potential in SME segment The fund to contribute to the growth of the SME ecosystem. Mumbai (Maharashtra) [India], April 9: Holani Venture Capital Fund, a fund promoted by a renowned name in the investing realm, The Holani Group, has received a communique from the Securities and Exchange Board of India (SEBI) for registration of its Alternate Investment Fund, enabling it to operate as a Equity Fund house. This landmark communication marks a significant milestone for the Holani Group, signaling its foray into the realm of fund management and investment.

S Somnath on Wednesday that the upcoming phase of the Chandrayaan project is in progress, aiming to advance India's lunar exploration efforts. He indicated that Chandrayaan-4 marks the initial stride towards India's aspiration of landing an astronaut on the moon by 2040. Addressing a press conference, Somnath said, “Chandrayaan-4 is a concept that we are now developing as a continuation of the Chandrayaan series...our honourable Prime Minister has announced that an Indian will land on the moon in 2040.

Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL), Indian Oil Corporation Ltd (IOCL) saw their share prices rise up to 5% leading the gains for Nifty Oil & Gas index . Nifty Oil & Gas Index gained around 1.6%. Bharat Petroleum Corporation stood amongst largest gainers in Nifty -50 Stocks with gains of close to 3% .

vending machine price in India, unravelling the intricacies for businesses and consumers alike. Vending machines come in many different types, each designed for different jobs and industries. Some are for snacks and drinks, while others might sell things like toiletries or electronics.

The Hindu Businessline on April 9. According to sources within the electric vehicle major, the company is in talks with Reliance Industries to form a joint venture to set up a manufacturing facility in the country.

How a domestic rating agency wants to take on the big guns China's finance ministry called the Fitch rating "regrettable". "From the results, it can be seen that the indicator system of Fitch's sovereign credit rating methodology has failed to effectively and proactively reflect" Beijing's efforts to promote economic growth, it said.

₹2,043 crore from a year earlier, as per the company's latest filings sourced from Tofler. Fractal Analytics reported a profit of ₹194 crore in FY23 from a loss of ₹148 crore a year earlier. It benefited from an exceptional item gain from the loss of control of a subsidiary company, as per the company's filings.