India Financial News

Uniform Civil Code and other topics after a backlash from the political parties here. The Army late Friday sent invitations to the media houses for a seminar on the subject «Navigating legal frontiers: Understanding Indian Penal Code 2023 and the quest for Uniform Civil Code». The seminar was scheduled for March 26 at the Kashmir University Auditorium. However, there was a backlash from the regional political parties with former chief minister and National Conference (NC) vice president Omar Abdullah questioning the Army's involvement in a «divisive» issue like the Uniform Civil Code in a «sensitive» place like Kashmir.

Foreign portfolio investors turned net sellers in the secondary market last week, selling stocks worth over Rs 7,200 crore on Dalal Street. Selling by the big bulls restrained the upside in benchmark indices, as the BSE Sensex clocked just 0.3% gains.

External Affairs Minister S Jaishankar on Saturday dismissed China's repeated claims on Arunachal Pradesh as «ludicrous» and asserted that the frontier state was a «natural part of India». In probably his first public comments on China's frequent claims on Arunachal Pradesh and its opposition to Indian leaders visiting the state, Jaishankar said it was not a new issue. «This is not a new issue. I mean China has laid claim, it has expanded its claim. The claims are ludicrous to begin with and remain ludicrous today,» he said in response to a question on the Arunachal issue after delivering a lecture at the prestigious Institute of South Asian Studies (ISAS) of the National University of Singapore (NUS) in Singapore. Jaishankar, who is here on a three-day visit, emphasised that Arunachal Pradesh was a «natural part of India.»

SRM Contractors IPO: The initial public offering (IPO) of SRM Contractors Limited is going to hit the Indian primary market on 26th March 2024 i.e. on Tuesday next week. The three days of bidding for the public issue will end on 28th March 2024 i.e.

Arvind Kejriwal arrest news: The Opposition INDIA bloc seem to standing united against the arrest of Delhi Chief Minister Arvind Kejriwal by the Enforcement Directorate (ED) in the Delhi excise policy case. Delhi Congress leader Sandeep Dikshit was among the first leaders to reach the residence of Arvind Kejriwal during ED raids and almost all senior leaders of INDIA bloc have slammed the actions of central agency ahead of Lok Sabha elections 2024.

had contracts on the Ukrainian side," the report said, adding that the attack was "thoroughly planned". However, Russia has not made public any evidence of a Ukrainian connection. Russia's Investigative Committee said on Saturday the number of people killed in the attack on a Moscow concert hall rose to 115.

I am planning to buy a residential property from a person who is a resident of Australia for ₹75 lakh. I understand that since the sale consideration exceeds 50 lakhs I have to deduct tax at 1% of the sale consideration. Is my understanding correct? What are the other formalities that I need to comply with while deducting tax at source? The provision of Section 194IA requires a buyer of immovable property, other than agricultural land, to deduct tax at source @ 1% of the sale consideration if the sale consideration exceeds fifty lakh rupees.

Rishabh Pant takes fresh guard: Rishabh Pant captured the hearts and minds of the cricketing world, not only by pulling off incredible wins, but also with his flair and daring: “Pantball" preceded “Bazball". His rising star came to crashing halt on 30 December 2022 when he suffered a car accident. Now, after 14 months of surgeries and rehabilitation, he returns to the scene of his first success, the IPL.

Tinkle and Amar Chitra Katha though the current generation of readers has grown up to have more eclectic tastes. My 13-year-old daughter, like many of her peers, is a huge fan of manga. However, there is an equal fascination for work by independent Indian comic book creators such as Unbearable Comics, Holy Cow Entertainment and Meta Desi Comics, which have garnered a loyal following.

Bajaj Group's commitment to investing ₹5,000 crore in Corporate Social Responsibility (CSR) endeavors over the next five years. The upcoming motorcycle will operate on Compressed Natural Gas (CNG), catering to environmentally conscious consumers while offering enhanced fuel efficiency.

Arvind Kejriwal’s arrest. The Ministry of External Affairs informed on Saturday, "The German Deputy Chief of Mission in New Delhi was summoned today and conveyed India’s strong protest on their Foreign Office Spokesperson’s comments on our internal affairs." Follow LIVE updates on Arvind Kejriwal Arrest News here “We see such remarks as interfering in our judicial process and undermining the independence of our judiciary. India is a vibrant and robust democracy with rule of law," the ministry said in a press release on Saturday.

Indian Navy said in a press conference on Saturday. The Indian Navy said that besides the anti-piracy operations in the Arabian Sea, including 'Operation Sankalp' and other missions, it also responded to 13 attack incidents to save lives of 110 lives which included 45 Indians and 65 international citizens. «Indian Navy has saved 110 lives in the operations which includes 45 Indians and 65 international citizens during Operation Sankalp and other missions. It has also responded to 13 attack incidents,» the Indian Navy said.

Bhutan. PM Modi was on a visit to Bhutan from March 22-23, where not only he met the top leaders but also inaugurated the Gyaltsuen Jetsun Pema Wangchuk Mother and Child Hospital in Bhutan indicating the shining example of a strong partnership between the two countries in healthcare. Prime Minister Modi was also conferred with the 'Order of the Druk Gyalpo', Bhutan's highest civilian honour, which he dedicated it to the 140 crore people of the country.

preventive detention is a draconian measure and any such move based on a capricious or routine exercise of powers must be nipped in the bud, the Supreme Court has set aside a Telangana High Court order rejecting a detenu's appeal. A bench headed by Chief Justice of India D Y Chandrachud on Thursday said the essential concept of preventive detention is that the detention of a person is not to punish him for something he has done but to prevent him from doing it. «Inability on the part of the state's police machinery to tackle the law-and-order situation should not be an excuse to invoke the jurisdiction of preventive detention,» the bench also comprising Justice J B Pardiwala and Justice Manoj Misra said. «Preventive detention being a draconian measure, any order of detention as a result of a capricious or routine exercise of powers must be nipped in the bud. It must be struck down at the first available threshold,» the top court said.

AAP office in Delhi has been "sealed off" from all sides, senior leader Atishi claimed on Saturday and said the party will report the matter to the Election Commission. In a post on X, Atishi questioned the «sealing» of the party office, saying it is against the «level playing field» promised by the Constitution. «How can access to a national party office be stopped during the Lok Sabha election? This (is) against the 'level playing field' promised in the Indian Constitution. We are seeking time with the Election Commission (EC) to complain against this,» the Delhi minister said in her post. Another senior AAP leader and Delhi Minister Saurabh Bharadwaj alleged that all access to the party office has been closed by the central government.

death toll due to the suspected consumption of spurious liquor in Punjab's Sangrur district has climbed to twenty, with six more persons succumbing, officials on Saturday said. Meanwhile, the Election Commission of India on Saturday sought an immediate report from the Punjab chief secretary and the director general of police in the Sangrur hooch tragedy. The Punjab chief electoral officer had written the chief secretary and the DGP to send an immediate preliminary report and a detailed report on Saturday regarding the entire event to apprise the Commission, according to an official statement. The officials earlier said that a four-member special investigation team (SIT), led by an additional director general of police (ADGP) rank officer, has been set up in connection with the incident.

Holi Bank Holiday March 2024: Bank customers will have to plan for a long weekend of non-working days from today (March 23) till Holi (March 25), as public sector banks will remain closed for the period. All public banks, including the State Bank of India (SBI), are shut today for the fourth Saturday of the month, followed by a Sunday off tomorrow and then a holiday for Holi on March 25 rounding off the long weekend.

Buy or sell stocks: The Indian stock market joined the global market rally after the US Federal Reserve and Bank of England kept the interest rate unchanged. The Nifty 50 index added 84 points and finished at 22,096 level, the BSE Sensex gained 190 points and closed at 72,831 mark whereas the Bank Nifty index shot up 178 points and finished at 46,863 level. In the board market, the small-cap index rose more than the Nifty 50 index even as the advance-decline ratio remained positive at 2.7:1.

Indian Navy foils Somali pirates' hijacking attempt | Watch video here Based on the information, the Indian Navy directed INS Kolkata to intercept Pirate Ship Ruen. Later on 15 March, INS Kolkata intercepted Ruen and disabled the ship's steering system and navigational aids, forcing the Pirate Ship to stop. The operation resulted in the Pirates surrendering and releasing the pirate ship MV Ruen and its original crew present onboard.

Arvind Kejriwal by the ENforecement Directorate. The ED has arrested Delhi CM in a case linked to the excise policy, implemented in the city in 2022 which ended its control over the sale of liquor, and gave undue advantages to private retailers.

Arvind Kejriwal on Thursday. Raut compared India's political atmosphere with Russia and China. The Rajya Sabha MP said, "Today, no one is safe in this country.