India Financial News

Economic Times. In the opinion piece published on March 23, Aiyar said, "A dark shadow of creeping authoritarianism looms over India as it prepares for its 18th general election." The article was titled: "Yamini Aiyar laments the damage done to Indian democracy under Narendra Modi". ALSO READ: PM Modi gave India a sustainable model of governance She acknowledged that Narendra Modi's Bharatiya Janata Party (BJP) is set to power after winning a third term.

Public Provident Fund (PPF) accounts in India. However, there are provisions for those who initially open a PPF account as Indian citizens and later acquire NRI status. The PPF scheme serves as a valuable tool for tax-saving and investment, boasting attractive interest rates and compounding benefits over its 15-year tenure. Despite its popularity among Indian residents, there has been confusion regarding NRIs' eligibility to operate PPF accounts. NRIs are barred from initiating or overseeing PPF accounts.

What is liability coverage? Liability coverage, often referred to as third-party insurance, is a mandatory component of both car insurance and bike insurance in India. But what does it precisely cover? Picture this situation–you are driving your newly purchased car through the busy streets of Mumbai when suddenly a motorbike crosses your path unexpectedly. Despite hitting the brakes, you couldn't avoid the collision. Now what? This is where your third-party liability coverage comes into play. Understanding third-party liability coverage This type of insurance covers any damage or injury caused to another person (the third party) by your vehicle. From medical expenses, if there are injuries or even fatalities, to compensating for any property damage caused by your vehicle – these are covered under third-party liability.

Nirmala Sitharaman and Congress leader Jairam Ramesh over the effectiveness of Atal Pension Yojana (APY). It was started when the Mr Ramesh pointed out that while the FM lauded the pension scheme named after the veteran BJP leader Atal Bihari Vajpayee on Mar 24 in Bengaluru, she did not mention, he alleged, that 83 percent of the subscribers are in the lowest slab of ₹1,000 pensions. He quoted a study by Indian Council of Social Science Research to show that nearly one-third of subscribers who dropped out of the pension scheme did so because their accounts were opened without any explicit permission.

real estate boom in India has created a new avenue for NRI investments. There is a growing number of houses being purchased by this segment. The growth in NRI residential sales, which rose significantly over the last year, underscores this point. According to a report by NoBroker forecast report, NRI investments in India's real estate sector is poised to contribute 20% by 2025. This surge in demand can be attributed to several factors, both monetary and otherwise. Sentimentality has always been a key driving factor of NRI purchases in India, but with the world’s best comforts being available in India, the sentimental reason for buying a home “back home” amongst the NRIs, is also supported by valid reasons for quality real estate investing. To make matters more compelling, the technological revolutions that the entire world has witnessed in the 21st century have now made it easy for people from any part of the world to invest in different parts of the world with minimal hassles. Not just that, the technology also makes it easier for buyers around the world to have access to information on a real-time basis.

NTPC, NHPC and NLC India will see their weights go up on the Nifty CPSE following a semi-annual rejig in the index, effective from Thursday, March 28. The adjustment will likely trigger passive cumulative inflows of $94 million according to estimates by Nuvama. A lion's share will be contributed by NTPC ($71 million) followed by NHPC and NLC India.

Congress charges, Finance Minister Nirmala Sitharaman on Tuesday said Atal Pension Yojana (APY) is designed based on the best practice choice architecture and guarantees a minimum of 8 per cent return. «Atal Pension Yojana is designed based on best practice choice architecture to automatically continue the premium payment unless the subscriber opts out. This is a deliberate and beneficial feature which is in the best interest of the subscribers,» Sitharaman said in post on X. Instead of requiring people to decide each year to continue, they have to take a decision to discontinue, she said, adding, this makes many of them take the right decision and save for their retirement. Earlier in the day, the Congress attacked the Prime Minister Narendra Modi-led government over the Atal Pension Yojana, alleging it is a «very poorly-designed scheme» and a «paper tiger» that needs officials to hoodwink and coerce people into participating in it.

Zee Entertainment Enterprises has formed a committee that reviewed its management's business performance and provided guidance, the beleaguered broadcaster said on Tuesday. Businesses identified by the committee that need to «substantially» reduce losses include Zee's television channel 'Zindagi', the company's English cluster of linear TV business, and server technology company Margo Networks. The move comes after Zee has had entertainment deals fizzle out in recent months, with a $10 billion merger with the Indian unit of Japan's Sony scrapped and a $1.4 billion cricket broadcasting agreement with the Walt Disney -owned Star India that Zee quit.

IndiGo is again in the spotlight. A woman, Shrankhla Srivastava, took to social media to voice her disappointment with the airline. Srivastava posted a picture on Saturday showing her damaged luggage after a flight with IndiGo. In a sarcastic tone, she thanked IndiGo Airlines for their supposed care of her luggage in her post, tagging the airline. «Dear @IndiGo6E, Thank you for taking care of my luggage,» she said in her post. Srivastava's post quickly gained traction on social media, eliciting reactions from other internet users. The post has been viewed 3.32 lakh times since being posted on March 23. IndiGo Airlines responded to the situation, issuing an apology and expressing regret for the inconvenience caused. The airline's official Twitter account replied to Srivastava's post, requesting time to investigate the matter and promising to reach out to her directly.

GAIL (India) Ltd, is preparing to commission the country's first green hydrogen project in the coming weeks. As reported by Reuters and confirmed by multiple sources within the company, this pioneering initiative is slated to commence operations at GAIL's Vijaipur complex in Madhya Pradesh by April.

₹1.19 in March 2020 to around ₹28.8 currently. This implies a return of almost 2337%. An investment of ₹1 lakh in this stock in March 2020 would have turned into over ₹24 lakh now.

₹ 1 lakh per 10gm. That is approximately 50% higher than today’s level. While I don’t know whether this target will be met or not, I am certain that the way investing in gold is being approached now (and also in the days and weeks to come), is probably going to be sub-optimal.

Also Read | Carlyle's Head of Direct Lending Aren LeeKong Is Leaving the Firm The sources, who requested anonymity due to the sensitive nature of the discussions, reveal that Carlyle is engaging with potential underwriters to prepare for an IPO later this year or in 2025. If successful, the share sale could value Hexaware, an Indian information technology and business process outsourcing services provider, at a remarkable $4 billion or more, the report added.

BENGALURU : Warburg Pincus-backed Avanse Financial Services Ltd, a non-banking financial company (NBFC), has raised ₹1,000 crore in equity from Abu Dhabi's Mubadala Investment Co and Avendus PE Investment Advisors, via its fund Avendus Future Leaders Fund II. “The fund infusion will enable Avanse to strengthen its position in the rapidly evolving education financing segment by focusing on creating unique customer experiences and achieving sustained profitable growth," the company said in a statement on Tuesday. Avanse Financial Services, an NBFC focused on education, offers loans to Indian students pursuing higher education both domestically and internationally.

export AI to poor countries, in the hope it might improve everything from schools to health care. Researchers around the world are therefore working to make AI more multilingual. India’s government is particularly keen.

BENGALURU (Reuters) -Indian budget carrier SpiceJet said on Tuesday it agreed with Export Development Canada (EDC) to settle liabilities worth around $91 million, allowing it to take ownership of 13 of 15 Bombardier (OTC:BDRBF) Q400 aircraft financed by the Canadian trade finance agency.

₹5,662.20 apiece on the BSE, having dropped nearly 42% from its 52-week high of ₹9,744.40 apiece, hit on March 7. The stock price has slipped 20% in the past one month. With today’s fall, the market capitalization of Tata Investment Corporation has declined to ₹28,648 crore, a staggering fall from ₹49,365 crore as of March 7.

Tomorrow's IPL Match: Sunrisers Hyderabad (SRH) and Mumbai Indians (MI) are set to play their second match in IPL 2024 on March 27 at the Rajiv Gandhi International Cricket Stadium in Hyderabad. Both SRH and MI are still looking for their first points in the tournament after losing their opening matches in the last over. SRH were outdone by Kolkata Knight Riders (KKR) on March 23, as KKR’s Harshit Rana successfully defended 12 runs in the last over.

Also Read: Small & Medium REITs framework to boost property fractional market growth by 10 times to $5 bn, say industry players Fractional ownership of holiday homes helps to overcome the issues faced by the second home market. Mayur Raj Kapoor, Co-Founder & CEO, BRIK itt shared that he introduced fractional ownership of holiday homes to address these problems. “There are three main issues we identified in the second home market.

IIFL Finance, the country’s second-largest gold loan non-bank finance company (NBFC), from disbursing fresh gold loans. This comes on the heels of the finance ministry last month asking all banks to review their gold loan portfolios, according to news agency PTI. The ministry flagged issues strikingly similar to the IIFL case, including inadequate collateral, repayments in cash, and problems around collection of fees.

United States. The manner in which the terminations were carried out has raised eyebrows and reignited discussions around appropriate layoff etiquette.