India Financial News

BSE Midcap index rose 1.64 per cent while the Smallcap index jumped 2.98 per cent. The overall market capitalisation (mcap) of BSE-listed firms rose to nearly ₹393.2 lakh crore from nearly ₹387 lakh crore in the previous session, making investors richer by nearly ₹6.2 lakh crore in a single session. Nearly 170 stocks, including Larsen & Toubro, Tata Steel, Adani Ports, DLF, Ambuja Cements, IndiGo, ICICI Prudential Life Insurance Company and Grasim Industries, hit their fresh 52-week highs in intraday trade on BSE.

Dividend stock update: The board of directors of Gujarat Toolroom is going to consider and approve the proposal for dividend payment from 100 percent to 165 percent. The SME company board will consider and approve the proposal in its board meeting scheduled on 8th April 2024.

India Today. While speaking to India Today, she said, “Jahan gaanv, waha beer baar. Yahi mere mudde hain." As per the report, Raut has promised to ration imported liquor and stated that both the vendor and the customer would require a licence.

Himanshu Tyagi, an Indian Forest Service (IFS) officer and a graduate from IIT Roorkee, recently shared insightful tips on how individuals can transform themselves into what he terms a «made-genius.» Having previously worked in the energy sector, Tyagi's career switch reflects his diverse background and experiences. Tyagi's shared his perspective on the notion of a «born-genius» versus a «made-genius.» He recounts an encounter during his time coaching at IIT, where a student known for his exceptional aptitude was perceived as a «born-genius.» However, upon closer interaction, Tyagi discovered that the student's brilliance was not innate but rather cultivated through deliberate efforts—a «made-genius,» as he puts it. So, how does one embark on the journey to becoming a «made-genius»? Tyagi outlines five key steps:

Rural India has not been marching in step with the overall economy. The disparity grew during the pandemic when the rural demand was badly hit and poor weather later depressed it further. But an important indicator has revealed an uptick in rural demand. Motorcycle and scooter sales in India, a significant proxy for demand in rural areas, likely grew in double-digits in the financial year 2023-24, crossing pre-Covid levels, buoyed by sustained revival in demand in urban as well as rural markets. Also Read: India's motorcycle and scooter sales likely crossed pre-Covid levels in FY 23-24

National Highways Authority of India's 'One Vehicle, One FASTag' norm, which aims to discourage the use of single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle, has come into force from Monday, a senior official said. NHAI had extended the 'One Vehicle, One FASTag' initiative compliance deadline to March-end, in view of the problems being faced by Paytm FASTag users. «Multiple FASTags won't work… People who have multiple FASTags for one vehicle won't be able to use all of them from today (April 1),» the official told PTI. To enhance the efficiency of the electronic toll collection system and provide seamless movement at toll plazas, the NHAI has taken the 'One Vehicle, One FASTag' initiative that aims to discourage the use of single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle.

ministry of road transport and highways has issued detailed standard operating procedures for recording and digitising the sanction process for all road projects with effect from April 1, 2024. “The move is aimed at ensuring paperless, informative, transparent and accountable sanction process and has to be mandatorily followed for works being executed through the National Highways Authority of India,” it said in a notification. As per the notification, besides NHAI other stakeholders involved in construction of roads and highways will also be mandated to sanction projects based on the SOPs. These include the state government, the Border Road Organisation, the National Highways and Infrastructure Development Corporation and all project implementation units (PIUs) under the road ministry.

Katchatheevu island issue, opposition leaders on Monday cited a 2015 RTI reply, which stated that the agreements in 1974 and 1976 did not involve either acquiring or ceding of territory belonging to India, and asked whether the «change» in Modi government's stance was for «election politics». The opposition's response came after External Affairs Minister S Jaishankar on Monday claimed that prime ministers from the Congress displayed indifference about Katchatheevu island and gave away Indian fishermen's rights despite legal views to the contrary. Jaishankar's remarks at a press conference were made a day after Prime Minister Narendra Modi cited a media report to assert that new facts reveal that the Congress «callously» gave away Katchatheevu island to Sri Lanka. Senior Congress leader P Chidambaram hit out at the government over the issue.

Bureau of Civil Aviation Security (BCAS) has issued a fresh guideline to airports and airlines for deplaning passengers during tarmac delays. Zulfiquar Hasan, Director General of BCAS, said that they have prepared the guidelines and issued to airport operators and airlines. «In case of delays (no specific time limit of delay) the call will be taken by airport security or airlines to deplane passengers and bring them to boarding area again,» he said.

₹3,500 crore until July due to the upcoming Lok Sabha polls. Representing the Union government and the IT department, Solicitor General of India Tushar Mehta made this undertaking before a bench comprising Justice B.V. Nagarathna and Justice Augustine George Masih.

Stock market today: Dixon Technologies shares have been in uptrend for nearly one year. In this time, Dixon Technologies share price has risen from around ₹2,893 to ₹7,626.90 apiece level on NSE, logging around 160 percent rally in this time. So, this electronic manufacturing services company share is one of the multibagger stocks in India.

New EPFO rules: April 1st signals the start of a new financial year in India, bringing along revisions to regulations governing savings plans. Starting April 1, the Employees’ Provident Fund Organization (EPFO) will introduce important changes. According to various media reports, with the new rule, when an individual changes jobs, their old Provident Fund (PF) balance will be automatically transferred to the new employer.

Read here: Tata Motors vs M&M: Which auto major should you pick for the long term? The Nifty Auto index has surged 75 percent in the last 1 year and almost 16 percent in 2024 YTD. In comparison, the benchmark Nifty has advanced over 29 percent in the last 1 year and 3.5 percent in 2024 YTD. The auto index rose 5 percent in March, extending gains for the 5th straight month since November 2023.

₹7,531 crore in assets under management (AUM), which tracks the performance of the Nasdaq 100 index. Another large passive fund, the Motilal Oswal S&P 500 Index Fund, also remains open for fresh investments. It tracks the broader S&P 500 rather than the Nasdaq 100, which is dominated by US technology stocks.

Katchatheevu Island row, saying the ruling alliance parties of Tamil Nadu have done nothing to safeguard the state’s interests. The Prime Minister’s charge on the opposition escalates the controversy in the run-up to the Lok Sabha Elections 2024. “Rhetoric aside, DMK has done nothing to safeguard Tamil Nadu’s interests.

Election Commission issued a censure on Monday to BJP leader Dilip Ghosh and Congress' Supriya Shrinate for their derogatory remarks against the dignity of women. The Commission stated that their comments constituted a low-level personal attack and breached the provisions of the Model Code of Conduct.

Also Read: Rise of the uber-rich drives luxury brands in India Over a century ago, gold was perceived as a luxury item, reserved for special occasions and the affluent. However, today, it has transformed into a common household commodity, with widespread ownership and usage.

top court has also issued notice on plea against Madhya Pradesh High Court order directing the ASI to conduct a survey in the disputed site "Bhojshala and Kamal Maula Masjid". On March 11, the High Court's Indore bench had ordered the ASI to conduct a scientific survey of the medieval-era Bhojshala structure in the Dhar district. The HC has instructed the ASI to provide an updated report within six weeks after receiving the survey.

Adani Total Gas share price jumped as much as 8 per cent in intraday trade on BSE on Monday, April 1, after the company announced it started production at Barsana Biogas Project. Adani Total Gas share price opened at ₹947 against its previous close of ₹925.45 and jumped 8 per cent to hit its intraday high level of ₹1000 in trade so far.

said. “Thanks to electoral bonds, we can now trace the source of funding. Nothing is perfect, imperfections can be addressed," the PM added.

₹21,083 crore in financial year 2023-24 with a 32.5% growth in FY24 compared to previous financial year, said Defence Minister Rajnath Singh on Monday. Underlining the strong growth of private sector and DPSUs over the years, Defence Minister Rajnath Singh said “defence ministry has taken several initiatives to spur India’s defence manufacturing and exports." “Delighted to inform everyone that the Indian Defence Exports have scaled to unprecedented heights and crossed ₹21000 crore mark for the first time in the history of Independent India," wrote Rajnath Singh in a post on X.