India Financial News

billion into consumer durables stocks in February 2024. This figure also marks the highest influx of FII buying in this sector since January 2020. FIIs had net sold $27 million worth of consumer durables stocks in January 2020.Despite the lacklustre corporate commentary following the December quarter earnings (Q3FY24), FIIs have lapped up stocks of consumer durables companies.

Ae Watan Mere Watan reviews: Ae Watan Mere Watan, directed by Kannan Iyer and produced by Karan Johar, was released on Amazon Prime Video on March 21. Dharmatic Entertainment, the OTT arm of Dharma Productions, has taken the title of the direct-to-OTT movie from a song of its successful Bollywood spy thriller, Raazi. What are people saying about Ae Watan Mere Watan? Let's find out! “Have to stop within 15 minutes of starting the movie.....it is not a movie it is a torture that I have beared for 15 minutes [sic]," one user wrote.

₹170 crore through preferential allotment of equity shares and warrants. Of the said plans for fund raising of ₹170 Crore, Rs.70 Crore has been raised on Wednesday, ASM Technologies said in its release. while the balance of Rs.

Calcutta High Court on Thursday directed the Centre to file an affidavit on a PIL alleging deactivation of Aadhaar cards of people by the authorities concerned. Additional Solicitor General (ASG) Ashoke Chakrabarti questioned the maintainability of the PIL, stating that no individual case of any person affected by such a deactivation has been cited in the petition. A division bench headed by Chief Justice T S Sivagnanam directed the Centre to file the affidavit within three weeks stating its position on the allegation made in the PIL, which claimed that Aadhaar cards of people were being deactivated in an arbitrary manner using provisions under Section 28A of the Aadhaar Act. Directing the petitioner to file their affidavit a week after that, the bench, also comprising Justice Hiranmay Bhattacharyya, said that the matter will be taken up for hearing again on April 25.

Election Commission of India (ECI) has asked the ministry of electronics and information technology to ensure that no messages regarding the Viksit Bharat Model are delivered to the WhatsApp numbers of users from today keeping in view the ongoing model code of conduct (MCC) before the 18th general elections, scheduled to take place between April and June. “The Commission has received complaints from various quarters that such messages are still being delivered on citizens' phones. Since the MCC is now in force, you are hereby directed to ensure forthwith that no further delivery of 'WhatsApp messages' take place during MCC period. A compliance report in this regard may be sent immediately,” the ECI letter to the IT ministry said.

The gains come on the back of a favourable coverage by Japanese brokerage Nomura which remains bullish on the prospects of the state-run refiners. However, Macquarie and Kotak Institutional Equities hold bearish views on them amid likely pressure on margins.

IPL 2024 will witness another significant change in playing conditions, as bowlers will now be permitted to deliver two bouncers per over. This alteration aims to create a more balanced contest between bat and ball. The decision to implement this change was influenced by its successful trial during the 2023-24 Syed Mushtaq Ali Trophy, India's domestic T20 tournament.

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what “ short selling” means. When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price, for example, stock XYZ is trading at 100, a trader sells the stocks at Rs 100 and buys it back at Rs 90. He made a profit of Rs 10. Selling the stocks without owing the underlying stock is called short selling.

FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respondent banks reported a decrease in the NPA levels in the last six months.

Motilal Oswal Nifty Realty ETF is an open-ended scheme replicating/ tracking Nifty Realty TR Index. The investment objective of Motilal Oswal Nifty Realty ETF is to provide returns that, before expenses, correspond to the total returns of the securities as represented by the Nifty Realty Index, subject to tracking error. Best MF to investLooking for the bes

Lord Buddha, along with those of his disciples Arahant Sariputta and Arahant Maha Moggallana, after 26 -days returned to the National Museum in Delhi on March 19 and was open to brief exposition to the New Delhi based diplomatic corps on March 20. Minister of State for External Affairs Meenakshi Lekhi participated in the ceremony of prayers and chanting in the presence of representatives of the diplomatic corps from 15 countries. Those present on the occasion were Kshenuka Dhireni Senewiratne, High Commissioner of Sri Lanka; Pattarat Hongtong Ambassador, Thailand; Yasiel Alines Burillo Rivera, Ambassador of Panama; Vahagn Afyan, Ambassador of Armenia; Kenneth da Nobrega, Ambassador of Brazil; Guillermo Rubio Funes, Ambassador of El Salvador; Moe Kyaw Aung, Ambassador of Myanmar; Colin Kao, Deputy Director of the Division, Taipei Economic and Cultural Centre in India and senior diplomats from Indonesia, Bhutan, Myanmar, Romania, Peru and Serbia.

Power Finance Corp., seeking to raise as much as 200 billion rupees ($2.4 billion), people familiar with the matter told Bloomberg. Also Read | JSW Infrastructure acquires Shapoorji Pallonji Group’s stake in PNP port The group, controlled by Indian billionaire Shapoor Mistry, has reached out to Power Finance for up to 150 billion rupees, the largest chunk in the planned fundraising, the people said, asking not to be identified because the details are private. Negotiations are ongoing and details of the lending could change, they told Bloomberg.

The IPO is entirely a fresh equity issue of 30 lakh shares worth Rs 26 crore.

Vinay Dube, Founder, MD & CEO, Akasa Air, says: “We are part of India's growth story. We can help underpin the economic growth as is required with strong transportation links. We are India's most on-time airline and so we have a real sort of approach to service excellence that we hope is not seen so far. For me, it is just excitement in the future and to top it all off, we are starting our first international flight and so we get to plant the orange Akasa flag in Doha, Qatar just in a few days and we have broken all records with it. We are the first airline to fly internationally within 19 months of launch when most others have taken about six years and that is the reason why I am so excited.” Dube further said: «Flight to Kuwait, Riyadh, Jeddah will come on the heels of Doha, perhaps later this summer. I cannot give you a definitive timeline because we are working with these foreign governments to get the appropriate approvals before we can launch it. But that is just the start. We will (eventually) fly to other parts of the Indian subcontinent, whether it is Bangladesh, Sri Lanka, Kathmandu, etc, or Southeast Asia, other parts of the Middle East.» What is happening in the Indian skies right now? There is competition. There is a news flow, a lot of issues we keep hearing about with regards to Boeing. We are going to address that in greater detail, but set the roadmap for us. Vinay Dube: For me, Indian aviation is growth, excitement and a future of connected cities.

Bombay High Court has said banks and financial institutions should pass reasoned orders before declaring an entity or person a wilful defaulter under the Reserve Bank of India's Master Circular. A division bench of Justices B P Colabawalla and Somasekhar Sundaresan, in its order on March 4, noted that wilful defaulters are ostracized from access to the financial sector and hence, the discretion given to banks under the circular should be exercised with caution as mandated by the RBI. «Banks and financial institutions that seek to invoke the Master Circular to declare occurrence of wilful default, must share the reasoned orders passed by its Identification Committee and Review Committee,» the HC said. The bench was hearing a petition filed by Milind Patel, former joint managing director of IL&FS Financial Services Limited (IFIN), challenging an order passed by the Union Bank of India in February 2023 declaring the firm and its promoters wilful defaulters under the 2015 Master Circular issued by the RBI.

Read here: Bull run ends here! Phillip Capital sees Nifty 50 falling 15% to 18,550 Amid widespread concerns over froth formation in the Indian equity market, the brokerage stands out with a contrarian perspective. While many voices express apprehension, the brokerage contends that the Nifty 50 and Nifty Largecap 100 are presently fairly valued. In contrast, it sees substantial upside potential in the Nifty Smallcap 250 index.

In Thursday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of 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.

Bank of India cuts home loan rates: Bank of India (BOI),  a leading public sector bank, has lowered its new home loan rates to 8.3% from 8.45% and removed processing fees until the end of this month. They boast the lowest rate among competitors. SBI and HDFC Bank, leading the industry, offer rates starting at 8.4%. The offer is valid until March 31.

Stock market today: Shares of Rama Steel Tubes Ltd have been in an uptrend since early morning deals on Thursday. The small-cap stock with a market cap of ₹2,088 crore today opened upside at ₹13.95 apiece and went on to touch an intraday high of ₹14.65 apiece, logging a nearly 10 percent rise during the intraday session. The small-cap stock witnessed a spurt in volume as well.

Holi 2024: Go beyond colors! Choose Made-in-India gifts for your loved ones Their playful antics with colours during Holi have become legendary, inspiring devotees to partake in joyous celebrations. Here are the different forms of Holi celebrated in 'Braj': The Banke Bihari Temple in Vrindavan hosts Phoolwali Holi, where the enchanting tale of Lord Krishna and Radha playing with flowers comes alive. Devotees gather at the temple to witness a priest, representing Lord Krishna, showering colourful flowers upon them.

NEW DELHI : The Centre is considering a proposal from Nagaland to add foxtail millet to its state-level Price Stabilization Fund (PSF), in a move to bolster agricultural diversity and protect the indigenous crop. This initiative, a senior government official to Mint, aims to safeguard this staple yet endangered crop by ensuring its continued cultivation and economic viability. The PSF functions to build-up India's buffer stock of crucial food commodities, releasing them into the market strategically to control price spikes.