India Financial News

tech boom was a time of groundbreaking innovation, from which India emerged not merely as a participant but as a key driver, attracting multinational corporations with its robust information technology outsourcing capabilities. This era showcased India's growing IT prowess, characterised by innovation, efficiency, and a subsequent economic surge. A similar scenario is unfolding today, albeit with a different focus.

Shriram Finance, HDFC Bank, Jio Financial Services, NTPC, Adani Power, and some others, according to Nuvama Alternative & Quantitative Research. Shriram Finance has been added to the Nifty 50 index and will receive the maximum inflows of up to $188 million. The counter will replace UPL which is expected to see an outflow of $95 million.

Stock market today: Wockhardt shares witnessed strong buying interest in the early morning session on Wednesday. The pharma company declared closure of its QIP issue on Tuesday and allotted shares to the applicants of its QIP offer. The share allotment committee allotted 92,85,163 equity shares to the eligible QIBs, which includes ace investor Madhusudan Kela's company Cohesion MK Best Ideas and HDFC Mutual Fund veteran Prashant Jain's managed firm 3P India Equity.

₹3.15 in March 2020 to approximately ₹23.19 at present. This translates to an impressive return of nearly 636 percent. If an investor had allocated ₹10,000 to this stock back in March 2020, that initial investment would have grown to ₹73,600 by now.

Purple Cap IPL 2024: The list of the highest wicket-takers in the tournament is out. From promising newcomers to seasoned pacers, the list comprises diverse range of talents. Let’s take a look at what the list holds after the Chennai Super Kings (CSK) vs Gujarat Titans (GT) match on March 26.

₹3,953 from ₹3,774 earlier. According to the brokerage firm, a likely duopolistic industry structure dominated by IndiGo and Air India bodes well for the company. This is expected to spur pricing discipline which in turn may drive yields up over the long term.

Skipper, which is present in the power, telecom, and water sectors, the essential building blocks of a nation, has experienced remarkable growth in its shares, greatly benefiting its shareholders. Just twelve months ago, each share of the company was valued at ₹90, but now they're worth ₹316.55, marking a substantial increase of 290%.

Munawar Faruqui, posted his first update on Wednesday, stating he was “tired and travelling," following his detention and subsequent release by the Mumbai Police. Earlier, Munawar was one of 14 individuals detained during a raid in south Mumbai for smoking hookahs. “During the raid, the police found stand-up comedian Munawar Faruqui and others smoking hookahs at the joint.

Bonus shares 2024: Titan Intech share price has delivered multibagger returns to its positional shareholders in recent years. The small-cap multibagger stock below ₹100 has risen 115 percent in the last one year whereas, in the last five years, Titan Intech share price has risen to the tune of 1250 percent.

PTI report, the Holi special train was travelling from Danapur to Mumbai. The cause of the fire is not yet known. Speaking on the incident, Danapur DRM Jayant Chaudhary told ANI the coach that caught fire did not have any reservations.

Maruti Suzuki India Ltd , JSW Energy Ltd , Cummins India Ltd, PB Fintech (policy Bazaar) are among 4 weekly technical picks by Axis Securities to buy this week. For Maruti Suzuki India that is trading at close to 12436 levels, the buy range recommended by Axis Securities is between ₹12200- ₹11960, for an upside of 7-9%. The stop loss for Maruti Suzuki specified by Axis Securities stands at ₹11650.

The containership crash that downed a Baltimore bridge Tuesday stands to snarl shipping along the East Coast for months. Officials say the bridge collapse could affect port operations for a long time, forcing other ports in the region to take on extra shipments. Companies that transport cars and coal, two of the important categories of cargo that run through Baltimore, already are looking for alternative destinations.

Goodbye Pixel 6a! Google reportedly discontinues its popular mid-ranger ahead of I/O 2024 According to data shared by YouTube, 96% of these videos were flagged via ‘automated flagging’ indicating that they were detected by a machine rather than a human reviewer. Around 3 lakh videos were flagged by a user, while around 52 thousand videos were flagged by organizations and only 4 videos were flagged by government agencies.

explanation from party leader and member of parliament (MP) Dilip Ghosh regarding his remarks on West Bengal Chief Minister Mamata Banerjee. In a letter to Ghosh, Nadda has said that his comments were indecent, unparliamentary and against the tradition of the party. Ghosh courted controversy when he asked Mamata Banerjee to ‘identify her own father’.

Bar and Bench, the HC has granted a "dynamic+injunction" order in favour of RIL's media company and restricted several websites from illegally streaming the Indian Premier League (IPL) matches. In legal terms, the "dynamic+injucntion" orders are passed to protect the copyrights. It ensures that no irreparable losses are caused to the owner of the copyrighted works.

Rajshree Sugars & Chemicals Ltd.(up 3.84%), Simbhaoli Sugars Ltd.(up 3.76%), Uttam Sugar Mills Ltd.(up 1.64%), Bannari Amman Sugars Ltd.(up 0.60%), KCP Sugar & Industries Corporation Ltd.(up 0.30%), Sakthi Sugars Ltd.(up 0.17%), Dwarikesh Sugar Industries Ltd.(up 0.14%), Shree Renuka Sugars Ltd.(up 0.13%) and Triveni Engineering & Industries Ltd.(up 0.11%) were among the top gainers.

Tesla to start manufacturing in India, ensures that the king of Indian EVs and the king of American EVs drive in separate lanes but Tata Motors and Tesla may race against each other in the luxury car segment. Posing competition risk to a few of the upcoming models of M&M and Tata Motors at the upper end of the SUV market, the policy allows 8,000 units of electric vehicles above $35,000 (Rs 29 lakh) to be imported annually at lower duty of 15% vs 70-100% currently for 5 years against an investment of $500 million for local manufacturing.

Benchmark NSE Nifty index rose 148.6 points to 22153.3 amid buying in frontline bluechip stocks.

JioCinema, owned by Viacom18, has made a strong start to the latest edition of Indian Premier League (IPL), clocking nearly 200 million viewers in the first six matches of the Twenty20 cricket tournament which began on March 22, people familiar with the development told ET. The platform, which garnered 449 million viewers during the IPL 2023 season, has set an internal target of 650 million viewers for the IPL 2024. One of the persons said the platform has found strong adoption by viewers on both mobile and connected TV (CTV). JioCinema has gained significant popularity on CTV, with a household reach of 18–20 million, the person added.

Indian Oil Corporation Ltd. traded 1.49 per cent up at Rs 170.0 on Wednesday at around 10:20AM (IST), while the benchmark BSE Sensex advanced 500.64 points to 72970.94. As many as 691,285 shares changed hands on the counter with a total value of Rs 11.77 crore.

Ram Charan has solidified his position as one of the highest-earning performers in the country. His cinematic journey commenced in 2007 with his debut feature, «Chirutha,» and soared to prominence with his remarkable portrayal in S. S. Rajamouli's fantasy action epic «Magadheera» in 2009, which emerged as the highest-grossing Telugu film of its time. Ram Charan has garnered numerous accolades throughout his career, including two Nandi Awards and three Filmfare Awards. He has consistently featured on Forbes India’s Celebrity 100 list since 2013, recognized for both his earnings and widespread popularity. As he approaches his birthday, let's take a closer look at his standout films, memorable songs, and eagerly anticipated upcoming projects.