India Financial News

Trinamool Congress leader Derek O'Brien on Friday accused Prime Minister Narendra Modi of behaving like a «tin-pot dictator,» and said the BJP-led Centre was arresting opposition leaders in its desperation to secure win in the upcoming elections. «The Prime Minister is behaving like a tin-pot dictator, arresting opponents, election agents, transferring state government officials… Changing rules in desperation to win seats… Why?» said O'Brien, who is in Delhi for a meeting of opposition INDIA bloc leaders with the Chief Election Commissioner, a day after Delhi Chief Minister Arvind Kejriwal was arrested by the Enforcement Directorate. INDIA bloc parties are rallying behind Kejriwal, with the TMC making its first appearance with the opposition alliance partners since seat-sharing talks with Congress in West Bengal failed, and it announced going solo in the Lok Sabha polls. «The Director General of Police (DGP) West Bengal was changed thrice in 24 hours… Why wasn't the ED director changed?» the TMC Parliamentary Party leader in Rajya Sabha said.

₹71 to ₹75 per equity share. The floor price is 7.1 times of the face value and cap is 7.5 times of the face value of the equity shares.

NEW DELHI : Robust investment activity and strong private consumption demand will drive the Indian economy in FY25 amid sluggish global growth, the finance ministry on Friday said in its economic review for February. However, challenges such as the impact of the ongoing crisis in the Red Sea and rising crude oil prices loom over the outlook. "Sustained increases in shipping costs due to disruption can drive up inflation.

Lok Sabha elections 2024: The Bharatiya Janata Party called off its alliance with Biju Janta Dal (BJD) in Odisha ahead of the Lok Sabha elections, announced the state BJP President Manmohan Samal on Friday. Samal said that the BJP will fight all 21 Lok Sabha and 147 Assembly seats in Odisha alone.

Production linked incentive (PLI)’ schemes as well as the drive towards capital expenditure, are measures that have contributed to our growth agenda. Other factors that are driving this momentum include: With continued momentum, India is widely expected to ascend to the ranks of the world's top three economies by 2030, underscoring its emergence as a major player in the global economic landscape. The government’s commitment to reform measures has boosted business confidence among India Inc., which could function as a catalyst to stimulate private investment.

₹19,351 crore. While the Centre initially agreed to allow an additional borrowing of ₹13,608 crores, it insisted that Kerala withdraw the legal suit. However, the court intervened, stating that the Centre cannot impose conditions on Kerala to withdraw the lawsuit.

CSK Vs RCB IPL 2024: MS Dhoni stepping down from the captaincy of the Chennai Super Kings (CSK) marks the end of an era. After a successful run as the Indian skipper, MS Dhoni led the IPL franchise to monumental glory and won the championship five times. CSK coach Stephen Fleming described the “emotional" moment in dressing room when MS Dhoni announced that he was handing over the baton to young Ruturaj Gaikwad.

₹678, indicating an upside potential of 40 percent from its current market price of ₹484.20. "Hindustan Foods Limited (HFL), the largest consumer contract manufacturer in India, has built durable moats by scaling up its manufacturing base, building strong clientele, constructing the widest array of product portfolio and creating operational efficiencies. Over the last four years (FY19-23), HFL has scaled up its sales and EBITDA five-fold, while profitability six-fold.

CSK Vs RCB IPL 2024 Live Score Updates: Newly appointed Chennai Super Kings skipper Ruturaj Gaikwadled squad is all set to face Faf du Plessis-led Royal Challengers Bangalore in the IPL 2024 opener at MA Chidambaram Stadium in Chennai on Friday from 8 pm onwards.The CSK and RCB have played 31 matches so far with each other, where CSK won 20 and RCB won 10. One match ended with no result.

Enforcement Directorate (ED) conducted searches at the residence of West Bengal minister Chandranath Sinha in Bolpur in Birbhum district on Friday in connection with its investigation into the alleged school recruitment scam, officials said. Accompanied by a huge contingent of central forces, the ED team reached the residence of Sinha, who holds the MSME and Textiles portfolios, in the morning and began the search, they said. «The search is in connection with the investigation of the alleged irregularities in the school recruitment scam. The minister is not present at his residence, we are talking to his family,» an officer said. Sinha was at his ancestral house in Murarai, around 90 km away, at that time.

The IPO is entirely a fresh equity issue of 30 lakh shares and through the issue, the company aims to raise Rs 26 crore.

Russian crude carried on PJSC Sovcomflot tankers due to US sanctions, further complicating the trade that has flourished since the invasion of Ukraine two years ago. Private and state-run processors including the biggest — Indian Oil Corp. — have stopped taking cargoes if they’re on Sovcomflot tankers, said people familiar with the matter. Refiners are scrutinizing the ownership of each ship to make sure they’re not affiliated with the company, or other sanctioned groups, they added, asking not to be named because the information is private. The broader pushback follows a similar move by India’s biggest private refiner, Reliance Industries Ltd., reported earlier this week. The heightened scrutiny on the tanker giant appears to have also swept up other oil ships carrying Russian oil, with two vessels waiting several weeks off the South Asian coast without any indication of when they will unload.

Investors, once eager to pump in billions of dollars in promising Indian tech ventures, are now going slow and cutting smaller cheques. They've been burnt by ignominious falls from grace — and valuations — for once-marquee young firms or market debutants of recent years such as digital payments company Paytm.

domestic household savings in order to finance private sector's capital formation in the economy, the Finance Ministry said in the February edition of its Monthly Economic Review. «The narrowing merchandise trade deficit and rising net services receipts are expected to result in an improvement in the current account balance in the ongoing financial year,» the report said. However, the current account deficit will bear watching in FY25, it cautioned. The ministry has a positive outlook when it comes to retail inflation in the country.

Info Edge (India) Ltd. traded at Rs 5246.6 on BSE at 02:10PM (IST) on Friday, down 1.09 per cent from previous close. The stock quoted a 52-week low price of Rs 3461.3 and a high of Rs 5536.8.

A handy, AI-powered assistant to guide you if you’re ever lost in a new country — a clip-on accessory that can identify the right path by scanning your surroundings and sharing instructions in real-time. These aren’t just flights of fancy, but real inventions debuted at the Mobile World Congress (MWC) 2024 in Barcelona, Spain. Together they showcase the remarkable speed at which technology has developed. Keeping this in mind, five bosses share with ET Panache what inventions they would like to see developed in the next five years.

Shashank Srivastava, Senior Executive Officer (Marketing and Sales), Maruti Suzuki India Ltd, says: “We could expect the month to end around the 375,000 mark for the industry, that should be about 11% growth over last year. March being the last month of the financial year, we are expecting industry sales to be about 42,35,000 or thereabouts which should be a growth of about 8.8% over last year's figure of Rs 38.9 lakh.” Just going by the kind of comments that we have got from the Minister Nitin Gadkari on lower tax on hybrid vehicles, how are you looking at that getting cheaper soon? What would that potentially mean? Shashank Srivastava: We will have to wait and see how it pans out. At the moment, hybrids are doing pretty well. The duty on hybrids is 43% compared to 5% on EVs. But despite that, hybrids have been doing pretty well. In the last six months, hybrids have been outselling EVs. A total of 52,500 approximately in the last six months against 48,300 for EVs. One of the big reasons why hybrids have been doing well is that there is no range anxiety associated with it.

finance ministry is not in favour of any major regulatory intervention in the stock market, and believes that over-regulation could lead to nervousness among participants, ETNow news channel reported, quoting sources. The news comes in the backdrop of the recent measures taken by the Securities and Exchange Board of India (SebI) to check on the building froth in the small and midcap stocks.

Lok Sabha elections, the arrest of Delhi Chief Minister and AAP leader Arvind Kejriwal by the Enforcement Directorate is certainly going to change the electoral math as various opposition leaders are supporting Kejriwal openly. The AAP is part of the INDIA (Indian National Developmental Inclusive Alliance) bloc of Opposition parties with a seat-sharing deal with the Congress in Delhi and a few other states but is contesting alone in Punjab. It has some presence in a few states such as Goa and Gujarat where it has campaigned on the ground in various previous elections and is trying to strengthen itself in Haryana.

In Friday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached, whether the stock has seen a buildup of a fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

Virat Kohli will be taking to the crease for the first time after January 2024 during the season opener of the Indian Premier League (IPL) 2024 between Royal Challengers Bengaluru (RCB) and Chennai Super Kings (CSK). His return has the prospect of history books being re-written sending him to the summit of an untouched record. Kohli was last seen taking part in the 3rd T20I match between India and Afghanistan in Bengaluru. After that, he missed the recently concluded five-match Test series against England. On Friday, during the match against Chennai, if Kohli scores six runs, he will become the first Indian in history to score 12,000 runs in T20s. As of now, the former Indian skipper, who has played in 376 T20s scored 11,994 runs.