India Financial News

NRI voters to cast their votes in the coming Lok Sabha polls that will be held in seven phases starting from April 19. The results will be announced on June 4. Calling all NRI voters to cast their vote this Lok Sabha Elections, said Press Information Bureau in a post on X. ALSO READ: Homecoming: Why NRIs are choosing India as their retirement destination

Shares of State Bank of India(up 1.73 per cent), Kotak Mahindra Bank Ltd.(up 0.91 per cent), IndusInd Bank Ltd.(up 0.52 per cent), Bank of Baroda(up 0.31 per cent) and Punjab National Bank(up 0.09 per cent) ended the day as top gainers in the pack.

Shares of Eicher Motors Ltd.(up 4.22 per cent), Maruti Suzuki India Ltd.(up 2.97 per cent), Tube Investments of India Ltd.(up 1.44 per cent), Samvardhana Motherson International Ltd.(up 0.86 per cent) and Bosch Ltd.(up 0.42 per cent) ended the day as top gainers in the pack.

Kothari Sugars & Chemicals Ltd.(up 4.37%), Ponni Sugars(Erode)Ltd.(up 2.14%), Bannari Amman Sugars Ltd.(up 0.92%), Ugar Sugar Works Ltd.(up 0.88%), Triveni Engineering & Industries Ltd.(up 0.64%), Rajshree Sugars & Chemicals Ltd.(up 0.61%), DCM Shriram Industries Ltd.(up 0.60%) and Mawana Sugars Ltd.(up 0.06%) stood among the top gainers.

smallcap stocks may have yielded weak returns for investors in the last few months, but if one still looks at the one-year return, then the minions remain an outperformer to the largecaps. In the past 12 months, small and midcap stocks have given returns exceeding 50% compared to largecaps.

Supreme Court on Wednesday agreed to list for hearing on March 21 a PIL against the practice of political parties promising freebies during elections. «This is important. We will keep this on board tomorrow,» said a bench of Chief Justice DY Chandrachud and Justices JB Pardiwala and Manoj Misra after petitioner's lawyer in the case mentioned the matter for early hearing. The plea said there should be a total ban on populist measures to gain undue political favour from voters as they violate the Constitution, and the Election Commission should take suitable deterrent measures.

Maharashtra, Karnataka, Andhra Pradesh, and Telangana, are will be in the grip of severe heatwaves from the month of March itself. “We are expecting a higher number of heatwave days over most parts of the country over the next three months.

Bharatiya Janata Party (BJP). Thakeray, accompanied by his son Amit Thackeray, flew to Delhi and met Union Home Minister Amit Shah on March 19 adding to the speculation of a new seat-sharing arrangement emerging in Maharashtra, the state that sends 48 members to the lower house of the Parliament. Raj Thackeray, 55, is the estranged cousin of Uddhav Thackeray, the former Chief Minister of Maharashtra.

There may be no US Fed rate cut in 2024 as inflation remains sticky, says Madhavi Arora of Emkay "While the US Fed is likely to maintain its stance and keep the rate unchanged, its commentary will hold importance as it would provide insights into the Central bank’s future rate action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. Also Read: US Federal Reserve meeting day 2: What does a rate decision mean for Indian stock market? Sensex and Nifty 50 opened with mild gains but traded volatile during the session. Eventually, Sensex closed at 72,101.69, up 90 points, or 0.12 per cent while the Nifty 50 settled with a gain of 22 points, or 0.10 per cent, at 21,839.10.

mutual funds has really caught up with retail investors in the past one year. This is clearly evident from the latest data released by the Association of Mutual funds in India (AMFI) for the month of February. The value of assets held by individual investors in mutual funds rose 40 percent to ₹32.87 lakh crore in Feb 2024 vis-à-vis ₹23.44 lakh crore in Feb 2023, the AMFI data reveals.

Knight Frank's latest report, released on March 20. The Prime Global Cities Index, which tracks the movement of prime residential prices across 45 cities worldwide, saw Mumbai leapfrog five places from its 8th position in Q4 2022 to claim the third spot. This remarkable surge highlights the city's growing appeal among high-net-worth individuals and the resilience of its luxury housing segment.

₹27,000 crore. Attaching pictures of him, Himanta Biswa Sarma, and Tata Sons Chairman N Chandrasekaran, took to X and said that Manufacturing of semiconductors in Assam will put the state on the global map. "The investments being made in Assam transform the state in complex treatment for cancer care.

The narrative surrounding women and finances is undergoing a remarkable transformation in today's world. Women are boldly taking on leadership positions, shattering barriers, and making remarkable progress towards equality in numerous areas. Nevertheless, there is still progress to be made when it comes to financial matters. Encouraging women to embrace investing is a vital step forward. It is high time for women to take charge of their financial destinies and work towards achieving independence through wise investments. 

Priyanka Chopra Jonas today arrived in Ayodhya, along with her husband and singer Nick Jonas, and their daughter Maltie Marie Jonas. Priyanka is in India for work Priyanka. She recently launched a grand store of Bulgari in Mumbai's Jio World Plaza. In a recent announcement, actor-producer Priyanka Chopra Jonas unveiled «Women of My Billion,» a forthcoming documentary shedding light on the remarkable journey of a woman spanning from Kanyakumari to Kashmir to meet survivors of violence. The documentary, produced by Chopra Jonas and Purple Pebble Pictures, is set to hit Prime Video following its theatrical release. Ajitesh Sharma directs the feature. At the Prime Video Presents event, Chopra Jonas expressed her gratitude towards Prime Video, emphasizing their continuous support over the years. «I've had a really long relationship with Prime Video, now almost going on for four years, and they have always been champions of the work that I have done. And this movie was one of them,» she remarked while introducing the film's director and cast.

BJP. The BJP's southern push is part of its larger plan to emerge as a pan-India party. But there are short-term considerations too. The party's target of winning 370 seats when it has maxed out in its traditional stronghold states can be realised only by winning more seats in the South. Additionally, it is expecting strong resistance from opposition parties in Maharashtra and Bihar and also its South Indian bastion of Karnataka, where its NDA coalition won 26 out of 28 seats in 2019 polls. Its new chief ministers in Rajasthan and Madhya Pradesh are untested which could be a vulnerability. For these reasons, the BJP has crafted a major campaign for South India led by Prime Minister Narendra Modi who has visited South India nearly two dozen times in the past few months. Modi on Tuesday wrapped up his whirlwind tour of South India by holding a roadshow in Kerala and a public rally in Tamil Nadu

Pradip Kumar Das, Chairman and Managing Director of IREDA, highlighted the significant growth the organization has witnessed in the renewable energy sector over the past three years. He emphasized that while solar energy has been a major focus, with a substantial increase of 28 times, the loan portfolio in this sector has slightly decreased to 30% in the latest audited figures. Das also pointed out that IREDA is actively involved in new and emerging areas such as rooftop solar, excluding residential projects, along with exploring opportunities in alternative sources like CBG and ethanol. Considering India's agricultural economy, there is a promising scope for growth in these sectors. Looking ahead, IREDA is set to delve into areas like pump storage, green hydrogen, offshore wind, aiming to expand its portfolio in sustainable energy solutions. Every time I look at IREDA stock and everyone is like, oh my God, is it real? It went public at less than Rs 40 and then it went to as high as 170, actually Rs 200. So, are you pinching yourself? Pradip Kumar Das: First of all, we are a responsible Government of India organisation which is spearheading the renewable energy development in the country through financing which is the most crucial aspect, not only renewable, new and emerging sector.

Virat Kohli and Rishabh Pant will be under scrutiny on their return to action as the Indian Premier League begins on Friday, with the T20 World Cup hot on its heels. The 17th edition of the world's richest cricket league is expected to end close to the June 1 start of the World Cup in the West Indies and United States. Organisers have released only the first two weeks of the IPL schedule so far because it clashes with India's six-week-long general election.

Sri Lanka has said it will allow foreign offshore research ships for replenishments at its ports despite a one-year ban on such vessels, a senior official has said after China protested to Colombo for allowing a German survey ship but turning down Beijing's similar request. This is the first time Sri Lanka has officially admitted that foreign research vessels will be allowed for replenishments since President Ranil Wickremesinghe's government imposed a one-year ban on offshore research vessels in December last year after strong security concerns raised by India and the US following the visit of two Chinese high-tech research vessels in 14 months. «The ban on foreign ships is for research purposes, not on replenishment,» the Economy Next portal quoted Niluka Kadurugamuwa, Sri Lanka's Foreign Ministry Spokesman, as saying. «There was a German research vessel recently for replenishment and Sri Lanka allowed it,» he said.

Also Read: Inflation to ease, FY24 GDP growth seen at 6.6%: Kotak Bank chief economist Upasna Bhardwaj “The recent performance in assembly elections suggests that: a) the ‘Modi factor’; b) the perception of the work done; and c) implementation of welfare programmes worked in favor of BJP. The government has refrained from turning populist and remains on the fiscal consolidation path in the run-up to the 2024 election," the UBS report said.

Maruti Suzuki India, the country's largest automaker, surged to a historic high, crossing the ₹12,000 per share mark for the first time in today's trading session to set a new record high of ₹12,025 apiece by gaining 3.7%. This surge represents the fourth consecutive day of gains for the stock.

. He advocates for a focus on sectors with steady growth and clear visibility in the current scenario and is positive on banking, automobiles, industrials, consumer discretionary, information technology, and healthcare as areas for investment. The surge in small and mid-cap investments might moderate due to recent regulatory concerns, Patil told Mint.