India Financial News

Indian stock market today: Only 1 stock has been banned for trade on Wednesday, March 27, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The stock has been put on ban under the F&O segment as it crossed 95% of the market-wide position limit (MWPL), according to the NSE. ALSO READ: Stocks to buy: Coal India, Bajaj Finance, JSW Energy, Policybazaar among 12 stocks However, the stock will be available for trading in the cash market.

NEW DELHI : Actis Llp’s BluPine Energy, Singapore’s Sembcorp Industries Ltd, Edelweiss Infrastructure Yield Plus Fund’s Sekura Energy, Torrent Power and JSW Group are exploring to buy Brookfield Renewable’s 1.6 gigawatt (GW) portfolio in India, two people aware of the development said. The deal is expected to have an equity value of around $800 million. JP Morgan is running the sale process for the 1.6 GW capacity, of which 1 GW is operational, while the balance 600 MW is under execution.

Election Commission of India (ECI) on March 20 for the initial phase, the deadline for filing nominations for the first phase is March 27. Scrutiny of nominations will occur on March 28, with the final date for withdrawal of nominations being March 30. The Delhi High Court on Wednesday is scheduled to hear Chief Minister Arvind Kejriwal's plea challenging his arrest by the Enforcement Directorate (ED) and seeking his release in connection with a money-laundering case related to the purported excise policy scam.

Sensex declined 361.64 points to close at 72,470.30, while the Nifty 50 settled 92.05 points, or 0.42%, lower at 22,004.70. Nifty 50 formed a small positive candle on the daily chart with a gap-down opening (body gap, not a western gap). “This candle pattern was formed beside the long bull candle of Friday.

Sensex declined 361.64 points, or 0.50%, to close at 72,470.30, while the Nifty 50 settled 92.05 points, or 0.42%, lower at 22,004.70. “Shorten trading week, derivatives monthly expiry along with global economic data to be released this week has kept the investors on the sidelines. Overall, we expect the market to consolidate in a broader range, however, buying in a broader market before the financial year end cannot be ruled out," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

AP, Roland L Butler Jr, superintendent for Maryland State Police, said in the evening that the search and rescue mission was transitioning to one of search and recovery. He said, “Divers would return to the site at 6 am the following day when challenging overnight conditions are expected to improve." Also Read: 22 Indians on board ship that caused Baltimore bridge collapse 2. Early Tuesday, a cargo ship experienced a power failure and collided with a significant bridge in Baltimore, resulting in the rapid destruction of the structure and its collapse into the river.

Indian Premier League (IPL) matches since 2021. According to reports, he had accumulated a staggering debt of over ₹1 crore through his betting activities. In his complaint, Ranjitha's father, Venkatesh, stated, “He (Darshan) was not willing to get into betting, but the suspects forced him saying it was an easy way to get rich.

Buy or sell stocks for today: On account of diverse messages from the US monetary policymakers and a tremble in the Chinese yuan, the Indian stock market snapped its three-day winning streak on Tuesday. The Nifty 50 index slipped 92 points and closed at the 22,004 level, the BSE Sensex shed 361 points and finished at the 72,470 mark whereas the Bank Nifty index ended 263 points lower at the 46,600 level.

MUMBAI : After its merger plans with Zee Entertainment Enterprises Ltd unravelled, Sony Pictures Networks India (SPNI) is quietly taking steps to fortify its sports content offerings. In a strategic move, SPNI has secured exclusive rights to broadcast and stream all New Zealand Cricket (NZC) home series, featuring the men’s (Blackcaps) as well as women’s (White Ferns) matches, in India and associated territories for the next seven years.

advertising budgets by as much as 80% in the April-June quarter from the year-earlier period as they look to expand exposure and reach with media consumption set to surge during the general elections, the Indian Premier League (IPL) and the T20 World Cup. Maruti Suzuki, Tata Motors, Hyundai Motors, Dabur and Godrej Appliances among others said they will be increasing their ad budgets for the next quarter. Overall spending may surpass that of the festive season because of the confluence of events, experts said. Marketers said the increased spend will be on print, broadcast and digital media.

Altamount Road, the SoBo Billionaires' Row that's home to Mukesh Ambani, appears to have company in India's other metro cities, such as Bengaluru and Delhi-NCR, for the uber-rich tech and startup czars to stay connected and network with one another — from the comfort of their drawing rooms or gyms and club houses for that matter. In Bengaluru, houses in the Billionaires' Street (Koramangala), Epsilon Villas or Adarsh Palm Retreat (APR) are owned by the likes of Sachin and Binny Bansal, Flipkart cofounders, and its CEO Kalyan Krishnamurthy along with a few Infosys co-founders and the Raveendrans. The owners of several new-age firms such as Unacademy's Gaurav Munjal, PhonePe's Sameer Nigam, Meesho's Vidit Aatrey, the Zetwerk founders dot the palm tree and Mercedes-lined APR. 'India's CTO' Nandan Nilekani, Wipro owners — the Premjis, and Rahul Dravid also own homes in Koramangala, where property rates have already built a formidable moat of exclusivity.

geotag key telecommunication infrastructure, including telecom towers and optical fibre cables, to facilitate coordination, particularly during disaster situations. The mapping of telecom infrastructure will also facilitate setting up of other developmental projects across the country, officials aware of the development told ET. «We are working to geotag communication infrastructure across the country by 2027,» as per one official. For this, DoT will coordinate with other ministries and state governments so that data can be shared to facilitate setting up of other projects that require telecom infrastructure as the backbone.

foreign direct investment (FDI) inflow into the information and broadcasting (I&B) sector, including print media, dropped 78% to ₹332 crore during Q3 of FY24 compared with ₹1,535 crore in the corresponding period last year. According to data published by the Department for Promotion of Industry and Internal Trade (DPIIT), the sector received FDI worth ₹6,390 crore in the first nine months of FY24, compared to ₹2,925 crore in the same period in FY23. The FDI inflow into the sector stood at ₹4,893 crore and ₹1,165 crore in Q1 and Q2 of FY24, respectively.

High Court ruling directing commercial banks to produce evidence to defaulting customers before invoking the master circular on wilful default will bring respite to small borrowers arm-twisted into settling loans, but it may also encourage large borrowers to go to courts and delay recovery, said industry experts. This landmark order delivered by the high court last week and the banking regulator's directive to banks that the defaulter be given an in-person hearing will significantly change the way banks tag borrowers as wilful, they added. A division bench comprising justices BP Colabawalla and Somasekhar Sundaresan issued the order in a case involving IL&FS director Milind Patel versus Union Bank of India.

Indian lenders and Russia's Gazprombank have held exploratory talks over setting up correspondent banking services to facilitate cross-border payments and support international trade, according to a senior bank executive.Gazprombank representatives met some Indian bankers last month to discuss the proposal, the executive told ET. Correspondent banking involves contractual relationships between banks to provide reciprocal payment services. The establishment of such a facility with Indian lenders would help traders skirt some of the payment-related problems that have arisen after the US and its allies imposed sanctions on Russia for its invasion of Ukraine. «These are early-stage discussions, and both countries are looking at exploring measures to further strengthen banking ties,» the executive said.

Sony Pictures Networks India (SPNI) said it has acquired New Zealand Cricket (NZC) media rights for the Indian market. The deal is pegged at $90-$100 million (Rs 749-Rs 833 crore), according to industry executives. SPNI, which has been on an acquisition spree in the sports media market and owns media rights to the England and Sri Lanka cricket boards, will broadcast NZC matches on both TV and digital platforms from May 2024 to April 2031. The rights deal includes two India tours to New Zealand, comprising 24 matches across test matches, one-day internationals (ODIs) and T20 internationals. SPNI's head of sports business Rajesh Kaul said the addition of NZC rights will bolster the network's sports portfolio since New Zealand is one of the most respected cricket teams in the world. «Apart from the three cricket boards that we currently have, we are also evaluating a couple of other cricket rights that will become available. We will be prudent while bidding for cricket properties,» Kaul told ET.

MUMBAI : Employees of ICICI Bank reached out to small shareholders of ICICI Securities on the broking unit’s delisting vote that concluded on Tuesday, several investors who received the overtures said. Five shareholders said the ICICI Bank’s branch employees have called and made home visits persuading them not just to vote, but also to vote in favour of delisting. While all five got calls, only one got a home visit.

Recently, a working paper titled ‘Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj,’ by Nitin Kumar Bharti, Lucas Chancel, Thomas Piketty and Anmol Somanchi was released. Sections of the Indian media lapped it up, forgetting that it is not a peer-reviewed paper; nor has it been published by any reputed journal. We present arguments here in the hope that it will leave readers better informed on inequality in India.

Also Read: Oil market oversupplied with record-high US output, Brent seen at $87-$92 for 2024: ShareKhan's Mohammed Imran Tighter Markets: Physical markets tightened following a seasonal pattern in February. However, the more significant driver for the uptick in prices was the decision by the Organisation of Petroleum Exporting Countries and its allies (OPEC+) to extend production cuts from March 2024 to June 2024.

Arvind Kejriwal shared his second order from jail. Part of the Francis Scott Bridge in Baltimore collapsed after being hit by a cargo ship — sending cars and people plummeting into the river. Meanwhile, a suicide bomber killed six people in Pakistan after ramming his explosive-laden car into a vehicle.

Follow CSK vs GT IPL 2024 Live Score here The Chennai Super Kings lost the toss and were asked to bat first as Gujarat Titans skipper Shubman Gill elected to bowl at the MA Chidambaram Stadium on Tuesday in the ongoing Indian Premier League (IPL) 2024. CSK and GT faced each other for the first time since playing out a thrilling final that saw the MS Dhoni-led side emerge victorious and clinch their fifth IPL title.