India Financial News

While NSE Nifty 50 Index’s monthly options expiring just after the election have risen slightly in value relative to shorter-term contracts as the world’s largest democratic exercise approaches, their premium over April is 61% smaller than it was before the May 2019 vote, data compiled by Bloomberg showed.

Sensex gained 190.75 points, or 0.26%, to close at 72,831.94, while the Nifty 50 settled 84.80 points, or 0.39%, higher at 22,096.75. In the last week of March, investors will now keep an eye on several stock market triggers including domestic macroeconomic data, government announcements on fiscal closing, foreign capital inflow, and other global market cues. “This week being a truncated week and the derivatives’ monthly expiry, we might see some volatility while Nifty is likely to consolidate at higher levels.

India's services inflation may remain muted for next few months and will witness a pickup in second half only, economists said, thus helping curb core inflation. «There may be some more downside to services inflation, but a mean reversion or normalisation will happen in the second half of the year,» said Rahul Bajoria, MD & head EM (ex-Asia), Barclays. “However, rates are unlikely to rise to higher levels witnessed postpandemic,” he added.

Silicon Valley’s biggest tech companies. While Sanghvi is known for being the first woman engineer at Facebook, Agarwal was chief technology officer at file-sharing company Dropbox till 2018. Sanghvi went on to launch South Park Commons (SPC), named after a San Francisco neighbourhood, in 2016 as a collective of engineers, founders and researchers. Since then, SPC has grown from being a learning group to a platform that has raised two funds to back entrepreneurs with very early stage ideas. Having expanded to New York, SPC is now eyeing India even as it is in the process of launching its third fund. Sanghvi and Agarwal spoke to Samidha Sharma and detailed their plans for India with Flipkart cofounder Binny Bansal. Edited excerpts:

banks and the Central Bureau of Investigation (CBI) over ‘old’ cases of ‘fraud’. The central agency, it is understood, is insisting on what could be a retrospective application of last year’s Supreme Court (SC) ruling that a borrower must be given a hearing before the account is classified as ‘fraud’ and a “reasoned order” must follow if such an action is taken. However, in several old cases where the accounts were tagged as ‘fraud’ well before the SC ruling, CBI has asked banks whether the borrowers were granted the opportunity to explain their position, a senior industry person told ET. Bankers are unwilling to go back to these past matters. “We believe banks are not required to do this as the decisions to categorise the accounts (as fraud) were taken before March 2023 (when the apex court spelt out its stand). Banks are of the view that the ruling is not applicable to old matters. But the agency has referred quite a few old cases back to banks, asking them if borrowers were accorded a hearing,” said another person.

Adani Ports and Special Economic Zone said on Tuesday it will buy a 95 percent stake in Odisha's Gopalpur Port for an equity value of 13.49 billion rupees ($161.74 million) to bolster its east coast presence. Adani Ports will purchase a 56 percent stake in Gopalpur Port from real-estate conglomerate Shapoorji Pallonji Group (SP Group) and a 39 percent stake from Orissa Stevedores.

Bangladesh's Independence Day with a special Doodle on its homepage, celebrating the nation's hard-won freedom from Pakistan. The Doodle artwork features the national flag of Bangladesh, depicting a red circle on a green background. “Today’s Doodle celebrates Independence Day in Bangladesh.

Buy or sell stocks for today: After an extended weekend due to the stock market holiday on Monday, the Indian secondary market is expected the follow the global market sentiments, especially after the profit-booking trigger in the US stock market. The US stock market took a breather as most of the major indices ended loser on Monday. The Dow Jones index ended 0.41 percent lower while the S&P 500 index lost 0.31 percent.

Indian Space Research Organisation (ISRO) on Monday announced that its PSLV Orbital Experimental Module-3 (POEM-3) re-entered the Earth's atmosphere without leaving any debris in orbit. The ISRO has termed it “another milestone". "The PSLV-C58/XPoSat mission has practically left zero debris in orbit," the space agency said.

Edited excerpts: This year is looking quite good. We got off to a good start with an mergers and acquisitions (M&A) announcement, the Lodha qualified institutional placement (QIP) and British American Tobacco Plc (BAT) sell down in ITC. We also have a couple of initial public offerings (IPOs) which are filed out there.

ready-to-eat market in India is likely to grow about 45% over the next five years, making the country a great investment opportunity in the segment, Stanley Goh, CEO of Singaporean airport service provider SATS Food Solutions told ET. «As the SATS solution group, we have always seen India as a culturally diverse market. Indian consumers today are more receptive to higher culinary standards. With the rise in interest in categories like ready-to-eat and ready-to-heat, as well as the convenience segment, we believe there is a huge potential for growth and we can put the decade-long experience we have in the Indian market to good use,» he said. The food and gateway services provider's Indian subsidiary, SATS Food Solutions India, will be employing about 300 people in its newest facility in Bengaluru's Kempegowda International Airport, India CEO Sagar Dighe told ET.

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Department of Telecommunications (DoT) has sought more suggestions from the telecom regulator on critical services and their regulatory requirements. «We will conduct a consultation with stakeholders on the reference from DoT regarding M2M services,» an official at the Telecom Regulatory Authority of India (Trai) told ET. The telecom industry is worried that any further delay in defining critical services would lead to security implications as currently most of the M2M communications, including in power and infrastructure sectors, are happening on non-licensed spectrum with no security parameters, putting such networks at risk.

Investing.com-- Oil prices settled higher Monday, driven by growing bets on tighter global crude supplies as Russia is reportedly set to cut oil output at a time when Ukraine continues to target the country's refineries. 

Arvind Kejriwal. The display picture campaign was announced by Delhi Minister Atishi on Monday afternoon. All party leaders and volunteers are now changing their profile picture on X, Facebook, WhatsApp and other social media accounts to an image featuring Kejriwal behind bars with the caption ‘Modi Ka Sabse Bada Dar Kejriwal’.

entrepreneurship. Students simultaneously get exposure to real-world challenges and theoretical knowledge which enable them to either become ‘job ready’ or ‘job creators’. In Odisha, the Centurion University of Technology and Management claimed to be an “entrepreneurial university" and a “hub of industries" where students manage over 30 in-house production units across various sectors like technology, engineering, agriculture, aerospace, recycling, pharmacy, and more.

Amul parent Gujarat Cooperative Milk Marketing Federation (GCMMF) Monday announced the launch of its four variants of milk in the US market within a week, to cater to the Indian diaspora and Asian population in the country, news agency PTI reported. This will be the first time that the GCMMF will be exporting fresh milk outside the country. GCMMF MD Jayen Mehta told PTI, "We have been exporting dairy products for many decades.

Crude oil forecast: Geopolitical tensions drive brent towards $95 per barrel in near term Intel shares led the market downward, dropping 3% following reports from The Financial Times indicating that new Chinese regulations would prohibit the use of Intel chips in government servers and computers. United Airlines stock also declined by 6% after the Federal Aviation Administration announced heightened scrutiny of the airline due to a series of safety incidents. Despite these setbacks, the market is poised for its fifth consecutive month of gains, with major U.S.

ALSO READ: IPL 2024: BCCI announces full schedule; Final to take place on May 25 at Chepauk in Chennai. Check dates here CSK and GT have clashed with each other 5 times, and GT won 3 matches while CSK won 2. MA Chidambaram Stadium in Chennai is known to favour the bowlers and, especially spinners.

Also Read: Explained | Upside risk on inflation to export woes—here's how the Red Sea crisis will impact Indian economy in FY25 Among the top performers in the SME category entered in March, Owais Metal and Mineral Processing leads the pack, currently trading at ₹407 per share, marking a remarkable 368% increase from its IPO price of ₹87. Following closely are Purv Flexipack, Signoria Creation, and Royal Sense, all recording gains ranging from 65% to 125% from their respective issue prices. Conversely, MVK Agro Food Product emerged as the top underperformer, trading 52% below its IPO price of ₹79 per share.

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