India Financial News

NSE) of India will launch four new indices in the cash and futures and options segments with effect from April 8. The exchange has proposed online dissemination of indices namely, Nifty Tata Group 25% Cap, Nifty500 Multicap India Manufacturing 50:30:20, Nifty500 Multicap Infrastructure 50:30:20, and Nifty MidSmall Healthcare, according to a circular issued by NSE earlier today.

₹2,000 crore, compared to the ₹30,000 crore that flowed into them during the IPO boom in the mid 1990s.He also noted that the development of India’s MF industry is set to explode after its release from ‘strangulation by UTI and other public sector MFs.’ Jhunjhunwala was also anticipating support from the market from pension and provident funds that did not invest in equities at the time. Yes. In January this year, the monthly (not annual) flow into systematic investment plans alone crossed ₹18,000 crore.

visa, the passenger will not have a visa sticker in their passport. "When checking in at the airport, you will be asked to display a 'visa issuance notice' on your device (e.g.

demat account holdings. Navigating the legal and procedural aspects of handling a demat account after the demise of its holder can be a challenging and sensitive task. In the wake of such events, understanding the necessary steps and procedures becomes crucial to ensuring the seamless transfer of securities and compliance with legal formalities.

Santanu Thakur, who is seeking re-election from Bongaon Lok Sabha seat in West Bengal, on Wednesday urged members of the Matua community, who migrated to India before 2014, to apply for citizenship under the CAA, even if they already possess voting rights. Addressing a meeting at his constituency which has a large population of Matuas, Thakur said he himself would apply for citizenship under Citizenship Amendment Act (CAA) though he is already a bona fide resident of the country. «Applying for fresh citizenship under CAA will enable you to avail all benefits, including permanent residency proof which is necessary for passport and visa. Although I was born here and my grandfather had proof of residency after coming, I will still apply,» Thakur said. Thakur, a strong votary of CAA since the 2019 Lok Sabha polls, had asserted in the past that the Act would be enforced before the 2024 general elections.

Arif Chaudhry, a prominent leader of the Joint Awami Action Committee's Mirpur chapter, held a press conference at the Mirpur Press Club on Tuesday, addressing the Pakistan aministration's disregard for the people of Pakistan-occupied Kashmir (POK). Chaudhry emphasised the lack of fulfilment of promised rights and resources for PoK residents, highlighting Mirpur's repeated sacrifices for Pakistan's benefit despite ongoing neglect and suppression.

Tesla will send a team to India this month to scout locations for a proposed $2 billion to $3 billion electric car plant, the Financial Times reported on Wednesday. India last month lowered import taxes on certain electric vehicles produced by carmakers that commit to invest at least $500 million and start domestic manufacturing within three years. The company will send a team from the United States by late April to study sites for the plant, with a focus on states that have automotive hubs such as Maharashtra, Gujarat and Tamil Nadu, the report said, citing people familiar with the matter.

Mumbai woman in her late 30s has become the talk of the town due to her distinctive requirements for a potential life partner. The buzz began when a social media post on platform X, shared by user Ambar, shed light on the woman's specific expectations. According to the post, the woman, who is employed in Mumbai, is on the lookout for a man with a property or a stable job/business in the city. She also seeks a partner from an educated family background, ideally a surgeon or a chartered accountant (CA). Furthermore, she stipulates that the man should have an annual income of at least one crore. The post quickly caught the attention of netizens, garnering over 5 lakh views since its dissemination. Many users engaged in discussions in the comments section, offering their perspectives on the matter.

Shanghai Cooperation Organisation (SCO) in Astana. In his address, Doval highlighted the need to shun double standards and hold sponsors, financiers, and facilitators of terrorism accountable. Combatting Terrorism: In his address, NSA Doval stated that any act of terror committed by whomsoever, whenever, and for whatever reasons is not justified. He asserted that perpetrators of terrorism should be effectively and expeditiously dealt with, including those involved in cross-border terrorism.

Shares of L&T Technology Services Ltd.(up 3.13 per cent), Coforge Ltd.(up 1.92 per cent), Tata Consultancy Services Ltd.(up 1.64 per cent), Tech Mahindra Ltd.(up 1.49 per cent) and MphasiS Ltd.(up 0.64 per cent) ended the day as top gainers in the pack.

SiftHub, an artificial intelligence-enabled platform for enterprise sales teams, on Wednesday said it has raised $5.5 million in a seed round of funding led by Matrix Partners India and Blume Ventures. The San Francisco-headquartered startup was founded by Manisha Raisinghani, cofounder and former chief technology officer of Tiger Global Management-backed software-as-a-service (SaaS) startup LogiNext Solutions. ET had first reported about the deal talks in June 2023.

Sheetal Cool Products Ltd.(up 7.34%), Future Consumer Ltd.(up 5.89%), JHS Svendgaard Laboratories Ltd.(up 4.79%), Varun Beverages Ltd.(up 4.72%), Zydus Wellness Ltd.(up 3.37%), LT Foods Ltd.(up 2.87%), Euro India Fresh Foods Ltd.(up 1.92%), Procter & Gamble Hygiene & Healthcare Ltd.(up 1.84%), Mrs. Bectors Food Specialities Ltd.(up 1.67%) and Dodla Dairy Ltd.(up 1.64%) stood among the top gainers.

Vice Admiral Mark Hammond, Chief of the Royal Australian Navy, is on an official visit to India from April 2 to 6 to bolster bilateral maritime relations between the two nations. His visit includes key cities and prominent maritime regions across India. In New Delhi, Vice Admiral Hammond met with Admiral R Hari Kumar, Chief of the Naval Staff, to discuss increasing operational engagements, training exchanges, and information sharing. He paid tribute at the National War Memorial and received a Guard of Honour from the Indian Navy. He is also scheduled to meet with the Chief of Defence Staff, Chief of the Air Staff, and Defence Secretary during his stay. Vice Admiral Hammond's itinerary includes visits to Mumbai and Kochi, where he will meet with the respective Commanders-in-Chief and visit significant naval installations like INS Vikrant, Integrated Simulator Complex, and Naval Dockyard (Mumbai) and M/s MDL.

Clicktech, a major seller on Amazon India, is acquiring its peer Appario as part of the ecommerce major’s plan to divest stakes in sellers on its platform. Appario is the largest seller on Amazon India following the closure of Cloudtail, and moves a significant volume of orders for the local arm of the US-based etailer. This is the second time Amazon is divesting its stake from a seller entity to comply with local ecommerce norms.

private equity major Blackstone Group is confident of investing USD 2 billion annually in India, a top official said on Wednesday. Its chief operating officer Jonathan D Gray pitched for a slew of measures to improve the ease of doing business for firms like it in India, including quicker approvals on mergers and acquisitions, easier privatisation of listed companies, and improvements in dispute resolution in commercial matters. The New York-based group, which has been operational in India for nearly two decades, said Indian PE investments have delivered the highest return for it worldwide, and the investment in realty, which made it the largest landlord in the country, has also delivered well. «We plan to invest around USD 2 billion every year in India,» its senior managing director Amit Dixit told reporters here.

₹54 lakh (ex-showroom), has been reintroduced to the Indian market after a year, following the implementation of stricter BS6 phase 2 emission norms. The Skoda Superb re-enters the Indian scene as a completely built unit (CBU), with Skoda launching only 100 units of this elegant sedan, with deliveries slated to commence later this month.

Modi, who is running for a third consecutive term in office, is scheduled to address the rally around noon. BJP ally Chirag Paswan, who has handed over the mantle to brother-in-law Arun Bharti after having represented Jamui, a reserved seat, two times on the trot, has been effusive in his praise for the prime minister for the gesture.

Decentralized taxi app DRIFE has integrated Layer 1 Sui blockchain, to offer seamless and simplified onboarding process for ride-hailing users.

Manmohan Singh retired from Rajya Sabha on April 3 after serving 33 years in the Indian Parliament. Singh, 91, is credited for opening the Indian economy to global competition and regarded as architect of India’s economic liberalisation as Finance Minister in 1991. Later, Singh went on to become Prime Minister serving two terms between 2004 and 2014.

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₹5,600-5,990 a quintal against a minimum support price of ₹5,440, while that of tur is quoted at ₹10,600-10,900 in key mandis of Karnataka and Maharashtra, as per data from spot traders. “Initially yellow pea import was till 31 March.