India Financial News

Stock Market News: Domestic equity benchmark indices, the Sensex and Nifty 50, finished Thursday's trading session in green due to encouraging global cues and dovish US Federal Reserve. The 30-share BSE Sensex ended higher by 539.50 points or 0.75% at 72,641.19 level while the Nifty 50 closed at 22,011.95 level, up 172.85 points or 0.79%.

IIFL Finance, a prominent NBFC specialising in retail credit, have experienced a significant decline in their wealth as the company's shares have plummeted sharply after the RBI imposed restrictions on its gold loan disbursements, raising concerns about liquidity among investors and lenders. Over the past 12 trading sessions, the company has witnessed a substantial decline in its share price, plummeting from ₹597 per share to the current trading price of ₹336, marking a steep decrease of 44%.

MUMBAI : The Securities Appellate Tribunal (SAT) on Thursday issued a stay on a Securities and Exchange Board of India order against Vedanta Ltd, which had directed the company to pay ₹77 crore in interest for a delayed dividend payment to Cairn UK Holdings. The tribunal, however, asked Vedanta to deposit 50% of the interest amount into an interest-bearing account for Cairn UK. “We are of the view that at this stage the balance of convenience lies with the appellants (Vedanta).

Javed, surrendered at a police post in Bareilly, police said on Thursday. Javed, who had been absconding since the murders on Tuesday, surrendered at Satellite Police outpost of Baradari Police Station of Bareilly, Budaun Senior Superintendent of Police Alok Priyadarshi said. According to news agency PTI reports, a video had surfaced where Javed is claiming innocence.

₹40 crore (including buyer's premium) setting a new global benchmark for the artist. The sale, coinciding with Souza’s 100th birth anniversary, sold 100% of the lots offered, surpassing the low estimates by a whopping 310%. Notably, the auction's success extended beyond Souza's iconic masterpiece, The Lovers.

Also Read: These ELSS mutual funds gave over 20 percent annualised returns in the past five years. Check details Mutual funds have also been directed to value the utilisation of overseas investment limits at the cost of acquisition and not as per the current market prices.

Jawan and Dunki, Vijay's Leo, Mahesh Babu's Guntur Kaaram, and the Ranbir Kapoor-starrer Animal. Additionally, the platform has acquired Pushpa 2, a sequel to Allu Arjun's Telugu blockbuster, alongside Vijay's Greatest Of All Time and Jr NTR's Devara. Amazon Prime Video has also disclosed plans to premiere Shahid Kapoor's Ashwatthama - The Saga Continues, Tiger Shroff's Baaghi 4, and Ranveer Singh's Don 3 post theatrical release.

Accenture cut its fiscal-year 2024 revenue forecast on Thursday, as an uncertain economy prompts clients to curtail spending on its consulting services, sending its shares down around 5.6% in premarket trading. Accenture now expects full-year revenue growth in the range of 1% to 3%, from its prior forecast of 2% to 5%.

Google researchers are setting their sights on another pressing global challenge: flood prediction. Their efforts are outlined in a recent research paper published in Nature, shedding light on how AI can revolutionize flood forecasting and potentially save countless lives, reported HT Tech.

Lok Sabha elections: India to go to polls starting 19 April Experts say the next major trigger for the domestic market is the outcome of the General Elections 2024. The Nifty 50 typically exhibits upward momentum in the months surrounding a general election, despite volatility in the market.

Volkswagen India recently unveiled a range of new products at its annual brand conference. Among the highlights were the new GT Plus Sport and GT Line variants for the Taigun SUV, along with the debut of the much-anticipated ID.4 electric vehicle. The German carmaker also revamped the line structure for the Taigun, its GNCAP 5-star rated SUV. Bookings for the Taigun GT Plus Sport and GT Line variants have already begun. Revamped Line Structure for Taigun The Taigun will now be available in three trims: 'GT Edge', 'Chrome', and 'Sport'. The GT Edge variants will feature the Edge Collection with exclusive exterior colour options. The Chrome line offers a choice between a 1.5-litre, four-cylinder turbocharged petrol engine paired with either a 7-speed DSG or 6-speed manual transmission, and a 1.0-litre, three-cylinder turbo-petrol engine available with a 6-speed automatic or manual transmission. The top-of-the-line Sport trim will feature a unique blacked-out treatment and will be offered in both the GT Plus Sport and GT Line variants.

global demand for Indian goods despite the Red Sea crisis, which attracted military response from several countries, impacting trade. Outstanding export credit for Indian banks was seen at Rs 20489 crore at the end of January 26, rising 5% this financial year, data from Reserve Bank of India showed. This was the highest since February last year. «Export growth will be largely driven by global demand and as we do expect global growth to be steady, we can expect a recovery here. This will be reflected also in growth in export credit,» Bank of Baroda chief economist Madan Sabnavis said.

Real Estate Developers' Associations of India (CREDAI) has written to Rajasthan government to improve the infrastructure in Bhiwadi to revive the real estate sector. The apex body through its wing in Bhiwadi and Neemrana has urged the government to facilitate the linkage of Bhiwadi to the Delhi-Mumbai Expressway. In a letter to the Chief Secretary, Government of Rajasthan, Anil Gupta, President of CREDAI NCR Bhiwadi Neemrana, said that this will not only stimulate economic growth but also facilitate smoother movement of goods and people, thereby fostering regional development and prosperity.

Rajiv Gandhi. Bihar Chief Minister Nitish Kumar's caste census garnered national attention when the former was still part of the Opposition INDIA bloc. Congress has also been harping on the need for a caste census in India.

Tere Naam, saying that ‘Mere Naam’ movie should be made due to the PM’s frequent crying during speeches. Netizens were quick to react to the ‘abuse’ charges. Social media was flooded with mixed reactions as some showed support, while others retaliated over the statements.

Indian Banking sector is structurally in stronger shape to ride the retail credit growth story over the next decade, amid rising consumerism. However, funding such growth via retail deposits at a reasonable cost among rising structural disruptions could emerge as the biggest challenge, said domestic brokerage firm Emkay Global Financial Services in its latest banking analysis report.

₹5,000 crore. These funds prioritize small-scale businesses with significant growth potential. In contrast to large-cap funds, micro-cap funds offer the potential for substantially higher returns, albeit with increased volatility and a greater risk of loss.

Govt mulls legal action against Hero Electric, Okinawa, Benling for alleged FAME subsidy fraud. CBI, ED to probe Citing US government emails, the Reuters report stated despite bonhomie that is displayed by both sides in the public, US officials were upset about the Indian laptop licensing policy came "out of the blue", without notice or consultation and was “incredibly problematic" for the business climate.

₹1,655.00 apiece on the BSE. Emkay Global initiated coverage on Motilal Oswal Financial Services (MOFSL) with a ‘Buy’ rating and a March 2025 target price of ₹2,000 per share, implying an upside of 26.5% from Wednesday’s closing price.

issued a notification on 20 March designating the Press Information Bureau (PIB) as the fact-checking unit. The top court also set aside the Bombay high court's 13 March interim order, which had refused to restrain the government from notifying the fact-checking unit.

₹285 crore currently in its bank accounts because of the freezing by Income Tax authorities. Maken, who is also the treasurer of the party, said that the party has received a notice by Income Tax Department for the reassessment of taxes for FY 1994-95. "Efforts are being made to weaken Congress financially.