India Financial News

Moscow attack LIVE Updates On Friday night, several gunmen opened fire at a Moscow concert hall, killing more than 60 people, wounding more than 100, and sparking an inferno. terror outfit the Islamic State group (ISIS) has claimed responsibility. The assailants armed with automatic weapons and explosives burst into a concert hall on the outskirts of the Russian capital.

IPL 2024: After a six-wicket loss to Chennai Super Kings (CSK) in the Indian Premier League campaign opener, Royal Challengers Bangalore (RCB) captain Faf Du Plessis said the team was 15-20 runs short and the pitch was not as bad as they played during their first 10 overs in battling. In the first IPL match at Chepauk Stadium, CSK began its new era under captain Ruturaj Gaikwad with a six-wicket victory over RCB. Mustafizur Rahman, the pacer, stole the show with a four-wicket haul that destroyed the visitors' middle order before Anuj Rawat and Dinesh Karthik heroically came to the rescue.

India-Bhutan relations will keep growing and benefit our citizens." PM Modi became the first foreign dignitary to receive the honor. As per ranking and precedence established, the Order of the Druk Gyalpo was instituted as the decoration for lifetime achievement and is the pinnacle of the honor system in Bhutan. Previous recipients of the award include Royal Queen Grandmother Ashi Kesang Choden Wangchuck in 2008; Je Thrizur Tenzin Dendup (68th Je Khenpo of Bhutan) in 2008 and Je Khenpo Trulku Ngawang Jigme Choedra in 2018.

Stock market holidays in March 2024: The Indian stock market will have a truncated week ahead as trading activities on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed for two sessions next week. As per the stock market holidays 2024 list, which is available on the BSE website, the Indian stock market will remain closed on Monday, 25th March 2024 for the Holi festival. After Holi 2024, the next stock market holiday will fall on 29th March 2024 i.e.

Edited Excerpts of an interview with Livemint 1) How do you assess the current domestic and global market conditions, and what factors are you closely monitoring? Inflation and geopolitical tension are the main factors impacting the global economy at present. US inflation, still hovering above the 3% level is proving to be stickier and more persistent, hence rates are likely to remain higher for the time being and any cut is unlikely in 1HCY24. To add to the concerns, the Red Sea attack by the Houthis added to higher freight rates across the globe.

Catch all the LIVE updates on the Moscow terror attack here, A fire at a Moscow concert hall following a gun attack has been "mostly eliminated", the Russian capital's governor said on Saturday. "There are still some pockets of fire, but the fire has been mostly eliminated.

Maldives President Mohamed Muizzu has extended an olive branch, asserting India's crucial role as the Maldives' "closest ally", PTI reported. In a recent interview with local media, Muizzu emphasised the need for continued support from India, particularly in addressing the Maldives' debt burden. "India will continue to remain the Maldives’ closest ally, there is no question about it," he told local Dhivehi language publication 'Mihaaru' in an interview — his first one since assuming office last November.

India and Bhutan on Friday upgraded their partnership to the next level with the conclusion of several memorandums of understanding (MoUs) on energy, trade, digital connectivity, space, agriculture and connecting the youth, even as Prime Minister Narendra Modi announced a support of Rs 10,000 crore for the Himalayan nation over the next five years. Modi, on a two-day visit to Thimphu, was honoured with Bhutan’s highest civilian award, the Order of the Druk Gyalpo, becoming the first non-Bhutanese to achieve the distinction. “This honour is not my personal achievement, it is the honour of India and 140 crore Indians. I humbly accept this honour on behalf of all Indians in this great land of Bhutan and thank you all from the bottom of my heart for this honour," Modi said on the occasion.

BJP) on Friday announced its support for the Lok Sabha candidates of the Naga People's Front (NPF) in the Outer Manipur Constituency, the National People's Party (NPP) in both the seats of Meghalaya (Shillong and Tura), and the Nationalist Democratic Progressive Party (NDPP) in Nagaland for the forthcoming parliamentary elections in 2024. The announcement was made by Manipur Chief Minister N Biren Singh and BJP Co-ordinator of North East, Sambit Patra, in separate posts on X. «Following the decision by BJP under the guidance of JP Nadda, and upholding our alliance principles, I am delighted to share that BJP will lend its support to Lok Sabha Candidates of NPF in the Outer Manipur Constituency for the forthcoming Parliamentary elections in 2024,» Manipur Chief Minister N Biren Singh said in a post on X.

Bihar Class 12 board exams can their results on the official website of BSESB — biharboardonline.bihar.gov.in and results.biharboardonline.com. - The Central Committee of CPI (Maoist) will celebrate March 23 as an ‘anti-imperialism’ day with enthusiasm and revolutionary spirit. The committee has called upon all Dalits, women's organizations, democratic forces, and peasantries to participate in the celebration.

Bank Holiday March 2024: All public banks, including the State Bank of India (SBI), will be closed today (March 23) on account of it being the fourth Saturday of the month. Notably, combined with Sunday (March 24) and Monday (Holi) bank holidays, customers can look forward to a long Holi weekend.

Rishabh Pant to the ground after a near-fatal accident in December 2022, he received his fit clearance from the National Cricket Academy (NCA) recently. Looking at the past 16 seasons, PBKS and DC have not won a single IPL trophy since 2008. Both the two outfits have clashed 32 times in the past and have an equal head-to-head record.

MDBs) to share their project implementation expertise and help draw the road map for becoming a developed nation by 2047. The finance ministry held a meeting with multilateral lenders on March 7 and sought their inputs on what it termed a «budget-plus and finance-plus» strategy, which would essentially cover the entire spectrum of project execution and go beyond just planning and financing, people aware of the details told ET. The ministry has reached out to various multilateral bodies to help mobilise other development finance institutions (DFIs) and investors, they said. The ministry wants these MDBs — such as the World Bank and the Asian Development Bank — to also help develop strategies to reduce time and cost overruns, and enable knowledge and technology transfers, among others, they said.

India's car industry is on track for a record-breaking year, with sales expected to touch about 4.23 million vehicles, buoyed by a double-digit sales surge this month. The robust performance would cement India's position as the world's third-largest passenger vehicle market, staying ahead of Japan for the second year in a row. As many as 3.99 million passenger vehicles were registered in Japan in 2023, which reports data on a calendar year basis. China is the largest car market, followed by the US. Around 375,000-380,000 cars, sedans and utility vehicles are expected to be sold in India in March, up from 336,000 units a year earlier, making it the 15th consecutive month that PV sales have breached previous monthly records. For the first time, sport-utility vehicles are set to capture more than half of the passenger vehicle market in a year underscoring their growing popularity.

Arvind Kejriwal has prompted many to demand his resignation from the post. Kejriwal is also the Aam Aadmi Party's (AAP) national convenor. His arrest in connection with the money laundering case linked to the excise policy has already raised questions about the party's next leadership.

advertisers as broadcasting and streaming rights holders Disney Star and Viacom18 face difficulties in closing ad deals despite starting the sales process in January. The two companies have so far collectively roped in 33 sponsors, with streaming partner Viacom18 signing 18 and Disney Star onboarding 15 sponsors. Last year, they had 39 sponsors with Viacom18 getting 26 sponsors and Disney Star, 13. Some media buyers attributed the lukewarm response to lack of budgets with most companies having exhausted their ad budgets for FY24 while others pointed to multiple marquee events including the upcoming general elections and T20 World Cup that increase advertisers' options.

Insurance companies' activity in India's government bond market continues at a tearing pace, with a particular type of favoured debt instrument seeing face value of trades surge 99% on-year from April to January, topping the ₹2 lakh crore mark. The face value of trades of Separate Trading of Registered Interest and Principal Securities, or STRIPS, in the government bond market has risen to ₹2.32 lakh crore in the first ten months of the current financial year against ₹1.16 lakh crore the same time a year ago, Clearing Corporation of India (CCIL) data showed. For FY23, the face value of STRIPS trades was at ₹1.34 lakh crore. «These (STRIPS) are suitable for the needs of insurance companies, as they enable them to manage their asset and liability risks. Life insurance companies, especially under traditional plans, have long-term liabilities, and instruments like long-term STRIPS help them reduce reinvestment risk and also increase the duration of their portfolios,» said Sachin Bajaj, executive vice president & head — investments, Max Life.

HDFC Bank, the country's largest lender by market value and the biggest Nifty constituent by weight, has doubled its overseas borrowing through a term loan syndication from a clutch of 23 global banks in a greenshoe option to the primary facility, having initially borrowed $500 million from Japan's largest lender MUFG in December. HDFC Bank, which merged its mortgage lending parent into itself last year, chose to exercise the green shoe option to raise another $500 million, taking the total proceeds to $1 billion in what is the largest three-year overseas loan organised by an Indian bank. «The syndication was completed on Thursday and the full green shoe option was exercised by HDFC Bank due to the strong demand from foreign banks,» said a person aware of the deal. «Banks from Asia, the Middle East and Europe participated in this syndication, which is the largest three-year syndication by an Indian bank for general corporate purposes.»

Reserve Bank of India (RBI) data showed that credit card transactions increased to Rs 1.7 lakh crore in January from Rs 1.3 lakh crore a year ago. In volume terms, the increase was 26%, to 330 million from 260 million, during this period. E-commerce transactions and bill payments formed more than half the total transactions, the data showed. Experts said the bulk of the online purchases were by the younger generation who also enjoyed the additional credit benefit of equated monthly instalments (EMIs) and ‘buy now, pay later’ (BNPL) schemes.

economic outlook for FY25 remains «bright», the finance ministry said on Friday, noting that the economy will close the current fiscal with strong growth accompanied by stable inflation, robust external account and progressive employment scenario. «On the whole, India looks positively towards the dawn of FY25,» the ministry said in its monthly economic report for February. It asserted that the pick-up in investment has been «broad-based», driving growth while consumption remains «steady». The government's capital spending push has helped crowd in private investments, the ministry said. It, however, flagged that an increase in domestic household savings will be necessary to finance private sector capital formation.

work from home (WFH) to championing work from office (WFO). Still, experts said once the dust settles, companies are likely to agree on a spectrum of working models from fully remote to hybrid to being in office. But right now, employers want to ensure that people actually show up in office, a push that's backed by changes in the job market. It's becoming an employers' market, said Arvind Usretay, senior director, commercial leader, India and South Asia, Mercer.