India Financial News

EV policy, slashing customs duties on imported cars. This policy concession, announced ahead of the general elections, is an incentive for automobile MNCs, such as the world's largest EV manufacturer, Tesla, to make India a global hub for EVs. However, the policy comes with strings:

Narendra Modi's visit to Bhutan was postponed mere hours ahead of departure due to ongoing inclement weather conditions over Paro airport. The Ministry of External Affairs is now working with its counterparts to finalise new dates for the high-profile visit. “Due to ongoing inclement weather conditions over Paro airport, it has been mutually decided to postpone the State visit of Prime Minister to Bhutan on 21-22 March 2024.

ALSO READ: James Anderson becomes 1st pacer and 3rd bowler to take 700 test wickets, Sachin Tendulkar calls it ‘simply magnificent’ Aaron first grabbed headlines in 2008 for his raw pace, but couldn't play for India as much as he would have loved to. Remembering one of the instances, Aaron ended up picking three wickets during his Test debut for India against West Indies in November of 2011, after speaking with Sachin Tendulkar. "We were playing at the Wankhede Stadium.

Congress alleging that unauthorised political advertisements are still being displayed in many places across the country. On 16 March, the Election Commission of India has declared the dates for the Lok Sabha Elections 2024, Model Code of Conduct (MCC) came into place, which bars any political advertisement from being displayed till the results are declared on 4 June. “The Election Commission of India has taken serious note of the non-compliance/partial compliance of its instructions and hereby directs all State/UT Governments to immediately remove all unauthorised political advertisements and ensure full compliance with its aforesaid instructions", the ECI said.

₹155.65 crore. Vistara is currently a 51:49 joint venture of Tata Sons and Singapore Airlines. After the merger, Singapore Airlines will hold a 25.1% stake in the merged entity.

Also Read: RBI Bulletin: From GDP growth to inflation - here are five key highlights Accordingly, agency banks are advised to keep all their branches dealing with government business open on March 31, 2024 (Sunday), it said. The RBI added that the banks shall give due publicity on the availability of the above banking services on this day.

Top News of the Day: On 20 March, a series of events are set to take place right from politics to business. Prime Minister Narendra Modi held a telephonic conversation with both Russia's Vladimir Putin and Ukraine's Volodymyr Zelenskyy and reiterated India's stance of 'dialogue, diplomacy' on the Russia-Ukraine war. The Modi-government also cleared its stance on the pleas against the Chief Election Commissioner and Other Election Commissioners Act, 2023, in its affidavit.

₹66.62 billion, or 8.4% of Wipro’s ₹795 billion revenue for the financial year ended 31 March 2022, according to the company's financials. Wipro’s revenue from the banking, financial services, and insurance (BFSI) vertical has been falling since the quarter ended December 2022.

News18 summit, PM Modi said, “We are making road map for next 25 years and plan for first 100 days of our third term." Criticizing the Opposition, PM Modi said, “The opposition has hurled over 100 abuse at me and called me Aurangzeb. ‘Meri Khopdi Udaane Ka Plan Banaya’." A safe country is the basis of a developed India, PM Modi said adding that the National Democratic Alliance (NDA)-led government works with a 'nation first' approach, and that India has no reason to be behind any country. “Today world is calling 21st century India's century; India's confidence level can be seen in citizens' conversations today," said PM Modi.

ALSO READ: 'He will always have his hand on my shoulder': Hardik Pandya opens up on rapport with Rohit Sharma Both the famous Indian cricketers -- Rohit Sharma and Hardik Pandya -- met at the practice session of Mumbai Indians at the iconic Wankhede Stadium while the team prepared for the upcoming IPL 2024. On 20 March, Mumbai Indians shared a video on Instagram where all-rounder Pandya could be seen reaching out to Rohit in his first meeting post the MI captaincy row.A post shared by Mumbai Indians (@mumbaiindians) Following this, the rumours of a rift between the two superstars of the franchise seem to be fading away.

travel context, with women accounting for over 40% of the leisure customer base of some companies. Travel companies and hotel chains including Thomas Cook, SOTC and Leisure Hotels Group are increasing focus on women travellers amid a surge in demand for trips abroad as well as within the country. Planet Hollywood Goa, a beach resort in South Goa, for example, plans to host a first-of-its-kind Women Fun Fest with a sundowner electric beach bash and pool parties next month for women to “reclaim their weekends” and craft “unforgettable memories” with their tribe.

Life Insurance Corporation (LIC) on Wednesday said it terminated services of Yogesh Garg against whom a confirmatory order issued by capital market regulator Sebi in front-running trades case. Front-running refers to an illegal practice in the stock market where an entity trades based on advanced information from a broker or analyst before the information has been made available to its clients. Sebi on Tuesday confirmed a securities market ban on five entities, including an employee of Life Insurance Corporation of India (LIC), in a case pertaining to front-running trades of the state-owned insurer.

pirates off Somalia's coast shows how India's military has developed special forces capabilities on par with some of the world's best, according to Western analysts. The Indian Navy seized MV Ruen, a former Maltese-flagged bulk carrier, rescued 17 hostages and captured 35 armed pirates in the nearly 40-hour operation around 2,600 km from the Indian coast last week. «The success of the operation marks the Indian Navy as a top-class force in terms of training, command and control and other capabilities,» CNN quoted John Bradford, Council on Foreign Relations International Affairs fellow, as saying. «What marks this operation as impressive is how risk was minimised by using a coordinated force that includes the use of a warship, drones, fixed- and rotary-wing aircraft, and marine commandos,» Bradford said.

India Inc. intends to use domestic arbitration more in future for the resolution of both small and large disputes, a survey conducted with about 110 respondents including general counsels and promoters of companies showed. The survey by law firm Khaitan & Co shared exclusively with ET, showed that companies will use domestic arbitration for both small disputes (75%) and large disputes (85%) over any other dispute resolution mechanism.

India does not tolerate terrorism. The country also teaches lessons to those who threaten with terrorism. The world can see India's response against those who wounded us with terrorism,” said Prime Minister Narendra Modi at the CNN-News18 Rising Bharat Summit in New Delhi Wednesday. Talking about the forthcoming Lok Sabha polls, the prime minister said, «there is a mood of debate ahead of elections. And this is the beauty of democracy.” »The BJP is planning for the first 100 days of our next term," PM added.

Introduction: On March 20, 2024, Bengaluru hosted the 'ETMarkets Emerging Investment Opportunities' event in collaboration with Mudrex. The event aimed to guide both seasoned and novice investors towards diversified investment avenues beyond traditional equities. Among the esteemed speakers was Avijit Mishra, Co-Founder of Alt DRX, who delved into the intricacies of Real Estate Investment Trusts (REITs) and the burgeoning realm of asset tokenization. Understanding REITs: Mishra initiated the discussion by gauging the audience's familiarity with REITs, emphasising their significance in the investment landscape. He elucidated, «REITs are pooling vehicles wherein investors can collectively invest in a trust managing income-generating real estate.» With a focus on India's burgeoning market, Mishra highlighted, «Currently, there are four REITs regulated by SEBI listed on the NSE and BSE.» Mishra underscored the accessibility of REITs, stating, «One of the most important benefits of REITs is the ability to own real estate assets in small ticket sizes, enhancing liquidity.» He further expounded on the asset classes permitted by SEBI, including commercial properties like offices, hotels, retail, industrial spaces, and healthcare facilities.

Akasa Air is confident that deliveries of its ordered Boeing 737 MAX jets will be on time, its CEO said, despite concerns over the U.S. planemaker's production schedule for 737s amid intense scrutiny after a mid-air incident this year. India's newest airline in January announced an order for 150 Boeing 737s, as it bets big on its international operations. The order announcement came days after a mid-air cabin panel blowout on an Alaska Air flight. Though Akasa's order does not include the 737 Max 9 version which has been in the spotlight after the incident, broader internal company scrutiny and external investigations in the U.S. have raised worries that delivery timeline of other variants of Boeing's 737 jetliner programme could be hit.

On March 20, 2024, Bengaluru hosted this forward-looking event that showcased ideas, information, and insights for investment advisors, mutual fund advisors, equity traders, wealth advisors, and distributors of wealth products, with wealth experts providing actionable insights into diversification, risk management, cryptocurrency prospects, and Gold ETFs. Demystifying bonds as an asset class and shedding light on why it could be the unsung hero in diversifying an investor’s portfolio was Ajinkya Kulkarni, Co-Founder and Chief Executive Officer (CEO) of Wint Wealth. Kulkarni was speaking as part of a Fireside chat titled ‘Risk-averse Investors: Beyond Equities — Bonds’ at the ‘ETMarkets Emerging Investment Opportunities’ on-ground event, presented by Mudrex. Diving into another dimension of non-equity-based investment avenue, that of India’s enduring asset class—fixed deposits (FDs)—was Saurabh Jain, the CEO of Stable Money, who shed light on FDs as an alternative beyond traditional equities.

Sarbananda Sonowal said that Congress and its allies are flag bearers of nepotism, corruption, division and corruption. He addressed multiple meetings where he met and interacted with party cadres of BJP and AGP at Makum, Tinsukia and Dibrugarh Legislative Assembly constituencies under the Dibrugarh Parliamentary constituency. Highlighting the good work done by the Prime Minister Narendra Modi led National Democratic Alliance (NDA) government in the last one decade, the “Shakti” of Bharat would triumph over inept, inefficient, indifferent of Congress led opposition, added Sonowal, the BJP nominated candidate for Dibrugarh Lok Sabha constituency. Sonowal called upon party cadres to harness their Shakti to trounce any opposition towards realization of the vision of Viksit Bharat, Atmanirbhar Bharat.

Indian equities are poised to lure more foreign inflows after the general elections, with the economy’s promising growth prospects and the Federal Reserve’s rate cuts acting as catalysts.

Vladimir Putin and Ukraine's Volodymyr Zelenskyy, Modi reiterated India's commitment to an early and peaceful resolution to the ongoing conflict between the two countries, the officials said, adding that both the leaders said they saw the Indian prime minister as a «peace-maker». «Both Putin and Zelenskyy also invited Modi to visit their countries after the elections in India get over,» an official said. The prime minister has in the past cited invitations extended to him by foreign leaders to visit their countries as their endorsement of the view that he is set to retain power in the Lok Sabha elections, which start on April 19 and will be over in the first week of June.