India Financial News

The idea was simple: To meet progressively higher carbon emission-reduction targets in line with its climate-action commitments under the Paris Agreement and the UN Framework Convention on Climate Change (UNFCCC), the EU needed to impose higher obligations on its own industrial activities in carbon-intensive sectors. As a result, it had to tackle two challenges.

China's insatiable territorial ambitions and blatant disregard for the sovereignty of other nations have become a grave threat to global peace and stability. The country's recent audacious move to assign Mandarin names to 30 locations in the Indian state of Arunachal Pradesh is a stark reminder of its brazen tactics to lay claim to territories beyond its borders. This cartographic aggression is part of Beijing's long-standing strategy to rewrite history and normalize its illegitimate territorial claims. It is the fourth such list of names released since 2017, following Indian Prime Minister Narendra Modi's visit to Arunachal Pradesh in March – a move that prompted China to lodge a baseless diplomatic protest, asserting that the state belongs to them. China's claims over Arunachal Pradesh stem from its belief that the state is part of «Zangnan» or «Southern Tibet,» a region it considers an integral part of its territory. However, this belief is rooted in a flawed understanding of history and a blatant disregard for India's sovereignty.

(This story originally appeared in on Apr 10, 2024)

India and Pakistan to lower tensions and resolve matters through talks, but said his country is not playing mediator. Matthew Miller, spokesperson for the US Department of State, made the remark on Tuesday when asked to comment on a report that alleged that Indian government agents have pursued plans to eliminate suspected terrorists inside Pakistan. “We have been following the media reports about this issue. We don’t have any comment on the underlined allegations,” said Miller.

Day trading stocks for today: Indian stock market is thriving on bullish sentiments as both domestic equity benchmarks Nifty 50 and Sensex achieved lifetime highs in the previous session with the 30-share BSE index breaching the coveted 75,000-mark for the first time. However, the frontline indices shed 0.08-0.10 per cent at the time of closing and settled lower on Tuesday dragged by profit booking and weak global cues.

Muslims will observe another day of fast today, April 10 since the crescent Moon wasn't sighted. Key mosques in Delhi, Uttar Pradesh, and Karnataka confirmed this. Consequently, Eid al-Fitr will be observed in much of the country on April 11.

Sensex fell 58.80 points, or 0.08%, to close at 74,683.70, while the Nifty 50 index settled 23.55 points, or 0.1%, lower at 22,642.75. “We expect the uptrend to continue amid healthy Q4 business updates and strong macro data. With the start of the result season, stock-specific action is likely to continue in the market.

Top Events of The Day: PM Modi to hold a rally in Nagpur to show support for the NDA's Ramtek candidate. Eid will be celebrated in J&K, Ladakh, and Kerala. Also, Russia's Angara rocket is scheduled for launch today.

Also Read: Indian stock market: 7 key things that changed for market overnight - Gift Nifty, US Treasury yields to oil prices Here’s what to expect from Nifty 50 and Bank Nifty today: Analyzing the Nifty Open Interest (OI) data, the call side showed the highest OI at the 22,800 level, followed by the 23,000 strike prices. On the put side, the highest OI was observed at the 22,500 strike price, said Mandar Bhojane, Equity Research Analyst at Choice Broking. The Nifty 50 index slipped into a minor decline amidst volatility on April 9 and closed the day lower by 23 points.

Donald Bradman averages a staggering 99.94 in test matches. The next batsman is in the 60s. His record of six consecutive test centuries remains unbroken after 87 years. Like Bradman, the Sensex has set a record by giving positive returns and hitting all-time highs in the last eight calendar years and is going strong in the ninth year.

inflation data and US FOMC meeting minutes to be released on Wednesday. «With the start of the result season, stock-specific action is likely to continue in the market. Agri and rural-related stocks are expected to be in focus after Skymet forecast a normal monsoon for India in 2024,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

large-cap funds. Their rationale is that these funds invest at least 80% of their portfolio in large companies where valuations are still reasonable, with the companies having established track records and strong management teams. WHAT IS THE DEFINITION OF A LARGE-CAP FUND? As per regulatory guidelines, a large-cap company is a listed company which is ranked from 1st to 100th on the Indian stock exchanges in terms of market capitalisation. Hence, for a fund house, a large-cap scheme needs to invest at least 80% of its assets in large-cap companies, with the flexibility to invest the balance 20% in other companies as per the discretion of the fund manager

equity investment was in 1979, the same year that the BSE Sensex was constituted with a starting value of 100. Over the next 45 years, that 100 has ballooned to 75,000 today, compounding at a handsome rate of 15.85% to be precise. Looking back, the story of the Sensex is the story of India in a sense. In 1979, India was virtually a basket case in the global scheme of things, with a GDP of barely $130 billion. In fact, in 1990, the country went nearly bankrupt with forex reserves dwindling to a few months of our imports. Then came the IMF bailout package, and India has not looked back since.

Fourth Partner Energy (FPEPL) has raised ₹125 crore in debt majorly from private credit funds Modulus Alternatives and Incred Private Credit Fund at an interest rate of 14-15%. The fund will be used for expanding the generation capacity, sources said.

(This story originally appeared in on Apr 10, 2024)

Paytm Payments Bank fiasco, the Reserve Bank of India (RBI) is insisting on KYC (Know Your Customer) compliance for accounts purchased by asset reconstruction companies from banks and non-banking finance companies. Earlier, asset reconstruction companies (ARCs) would ask creditors selling bad loans for central KYC records, but now the RBI is insisting on full KYC. «When purchasing portfolios from banks/NBFCs, RBI requires ARCs to maintain KYC documents for all accounts. This seems to be a fallout of the Paytm incident,» said an ARC executive.

₹1,000 crore to ramp up its production capabilities for laptops, servers, smartphones, hearables, televisions, and telecom equipment. With a sharp focus on competition, it is aiming to challenge electronics manufacturing services providers in the Indian and exports markets, primarily targeting the US. “We have planned an outlay of ₹1,000 crore for the near future to look at expansions judicially and into critical areas.

Check all the Eid-al-Fitr 2024 Live Updates here on LiveMint.Kerala Governor Arif Mohammed Khan and Chief Minister Pinarayi Vijayan on Tuesday extended greetings to the Muslim community in the state on the eve of Eid-ul-Fitr and wished the festival may strengthen brotherhood and compassion among the people.In a message, Khan said Eid-ul-Fitr celebrates the glory of self-restraint, sacrifice and generosity and the fast reminds us of our responsibility of creating a hunger-free and happier world."My heartiest greetings to Keralites all over the world, on the solemn occasion of Eid-ul-Fitr," he said. Invoking the plight of Palestinian natives in Gaza amid the ongoing Israeli military offensive against Hamas, British Prime Minister Rishi Sunak, while greeting the Muslims in the country and across the world on the occasion of Eid, said the bloodshed and suffering are 'unbearable'.He added that his country was doing everything it could to help bring the conflict to an end and ensure that the hostages were released.Eid-ul-Fitr, which marks the culmination of the fasting month of Ramzan, will be celebrated in the country on Thursday except Kerala, Jammu and Kashmir and Ladakh.

Indian stock market today: A total of 7 stocks have been banned for trade on Wednesday, April 10, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

Dividend stocks: Shares of DCM Shriram Industries Ltd, Vesuvius India Ltd, and Grauer & Weil (India) Ltd will be in focus when the stock market opens on April 10 (Wednesday). The Board of Directors of the 3 companies have declared interim dividend, final dividend, and bonus issue for their eligible shareholders. The record date by the 3 companies to ascertain the eligibility of shareholders for their respective issues has been fixed on April 10.

Flags Group, the India-focused consumer fund set up by Rakesh Kapoor, former global CEO of Reckitt Benckiser, has struck its first deal in India by investing an undisclosed amount in speciality coffee chain Blue Tokai Coffee Roasters. Kapoor confirmed the deal to ET. He, however, declined to give further details on the investment. A Blue Tokai spokesperson declined to comment. The investment by 12 Flags comes at a time when cafe chains in India are growing faster than quick service restaurants (QSRs), fuelled by younger set of consumers, aspirational demand, and menu innovation. In addition to new-age speciality coffee chains such as Blue Tokai, Third Wave and Slay, there are legacy brands such as Tata Starbucks, Costa Coffee and Barista, as well as relatively newer global entrants to India like British chain Pret a Manger and Canada's Tim Hortons, all of which are fuelling demand for cafes.