India Financial News

Congress President Mallikarjun Kharge on Tuesday said that the party's manifesto for the forthcoming Lok Sabha elections will focus on five guarantees including «Kisan Nyay, Yuva Nyay, Naari Nyay, Shramik Nyay and Hissedari Nyay.» In a post on X (formerly Twitter), Kharge wrote, «The Congress Working Committee (CWC) deliberated thoroughly on the Congress Manifesto, today. The 5 pillars of #BharatJodoNyayYatra — Kisan Nyay, Yuva Nyay, Naari Nyay, Shramik Nyay and Hissedari Nyay have 5 guarantees each.»

Realme Narzo 70 Pro 5G emerges as a competitive option in the mid-range smartphone segment. Priced competitively and offering a range of features, it aims to capture the attention of Indian consumers looking for a powerful yet affordable 5G smartphone. Let's delve into the details of this latest addition to Realme's lineup.

health insurance has become a must. Many of you have already purchased a health insurance policy to protect yourself and your loved ones against medical emergencies. One hopes that the insurer will provide financial support when the medical need arises. The story is not very different when it comes to another general insurance segment like car insurance. However, do you know how good your insurer is in settling claims and how long it takes for your health or general insurer to settle claims? Or how many claims did they reject last year? It is important to keep track of the claim settlement performance of your insurer. If you are not satisfied with the way the insurance company settles claims, you have the option to port to another insurer. The next question is how to find out how your insurer has been settling claims in the past. The Insurance Regulatory and Development Authority of India (IRDAI) has released the claims payment details of general and health insurance companies for the financial year 2022-23. Apart from health insurance claims, the percentage claim paid in general insurance companies also includes other insurance verticals like motor, fire, marine, and other insurances.

State Bank of India is likely to shift its centralised global back office and some other foreign exchange related departments from Kolkata to Mumbai, the country's financial capital, in yet another move to centralize operations. The back office was set up in 2015 in the City of Joy when Anundhati Bhattacharya was the chairperson of the bank. The back office works 22x7 to cater to customers in Sydney, Bahrain, Hong Kong, London and New York. The bank has not formally announced the move but started preparing grounds for it, three people aware of the development said.

Competing with over 40 foreign banks in India, Maybank Indonesia's Global Banking Director, Ricky Antariksa, said the Bank seeks to continue supporting business and trade relations between Indonesia and India. "Maybank Indonesia has been present in India for over ten years, and we are committed to further support and capture our business flows while continuing to serve trade clients through our branch in Mumbai.

₹50,206 crore through auction of state government securities, marking the largest such weekly borrowing ever, according to market experts. In March 2023, 16 states had raised ₹41,213.72 crore through the auction of the State Development Loans (SDL) conducted by the Reserve Bank of India (RBI). The funds raised on Tuesday exceeded the indicative calendar amount of ₹27, 810 crore set for the period, according to RBI data.

announced candidates for 82 Lok Sabha seats of the total 543 seats. In its first list on March 8, the Congress released names of 39 candidates, which included names of Congress leaders Rahul Gandhi, DK Suresh and Shashi Tharoor. The party's second list released on March 12 had names of Gaurav Gogoi, Nakul Nath and Vaibhav Gehlot.

slowdown in the large economies such as those of US, UK and Europe, India’s economy is seen to be growing since there is a limited impact of other economies on India’s GDP/ profit growth. This is reflected, among other key points, in the Tata Mutual Fund’s Equity Outlook Report for March 2024. While commenting on the common challenge to the global economy, the report refers to the urgent need to bring inflation down without causing too much collateral damage to economy and labour markets.

NEW DELHI : Two large paintings by Sayed Haider Raza sold at two separate auctions last week for a cumulative value of ₹86 crore—both artworks emerging out of the shadows to turn the spotlight on the artist during his centenary celebrations. Raza’s 1959 painting titled Kallisté, which is Greek for ‘most beautiful’, sold on March 19 at the iconic auction house Sotheby’s for $5,619,900, or ₹46 crore. Another artwork, Paysage Agreste, which was presented at the Métayer-Mermoz auction house in Antibes, France on 17 March, sold for €4.75 million, or ₹40 crore, including the buyer's premium.

Most analysts and experts view this as an optimistic sign. After all, increased individual investor activity in the markets — particularly in volatile segments like the options and futures market — may indicate more disposable capital in the hands of the average Indian trader.However, a parallel narrative runs alongside this favourable development — where traders are often perceived (and misunderstood) as gamblers who are only looking for an opportunity to earn a quick buck.

Supply-side issues are a pressing worry for the Indian aviation industry. Not only have aircraft been grounded because of this, but new deliveries are also likely to be delayed. For instance, deliveries by Boeing could take a while as certifications for some of its new aircraft have been deferred since the Alaska Airlines incident in January, in which an unused door of a Boeing 737-9 Max flew off mid-flight.

PM Modi touring the entire India, India's name is becoming popular in foreign countries also, so considering this, I have trust and faith in JP Nadda ji, Amit Shah ji, Devendra Fernand ji, I will get support from them and we have to save Jharkhand." Sita Soren alias Sita Murmu is Jharkhand Mukti Morcha leader Hemant Soren's sister-in-law. She is the widow of his elder brother Durga Soren. Sita was first elected as the MLA from Jama in 2009.

India's real GDP growth at 6-quarter high in Q3FY24 driven by indirect taxes, lower subsidies: RBI “In India, real GDP growth was at a six-quarter high in Q3:2023-24, powered by strong momentum, robust indirect taxes, and lower subsidies. The high visibility of structural demand and healthier corporate and bank balance sheets will likely be the galvanising forces for growth going forward.

BENGALURU : Global investment firm B Capital, which has backed prominent Indian startups such as Byju's, Pharmeasy and Meesho, on Tuesday announced the close of its second Opportunities Fund at $750 million. The fund saw participation from existing and new investors as well as global private and public pensions, family offices, high-net-worth individuals, and sovereign wealth funds, the multi-stage investment firm said in a statement on Tuesday.

Life Insurance Corporation (LIC), India's largest life insurer, witnessed a further 2.80% decline in its share price during today's trading session, settling at ₹879.50 per share. This drop marks the stock's third consecutive decline, resulting in an accumulated decrease of nearly 8.2% over the past three days. The decline comes amidst the announcements of plans to increase wages by approximately 17% for its one lakh employees.

Taranjit Singh Sandhu—one of the most experienced Indian diplomats on US affairs—on Tuesday, March 19, joined the Bharatiya Janata Party (BJP) in the national capital city, Delhi. The former ambassador joined the saffron party at its headquarters in New Delhi's Deen Dayal Upadhyay Marg in the presence of party general secretaries Vinod Tawde and Tarun Chugh. The Saffron party may field Sandhu against Kuldeep Singh Dhaliwal of the Aam Aadmi Party AAP from the Amritsar constituency in Punjab in the upcoming Lok Sabha elections 2024, newswire PTI reported.

₹1.01 lakh crore. The company board gave its approval for the raising of funds not exceeding the above-mentioned figure through the issuance of nonconvertible debentures (NCDs) in one or more tranches.

₹1,250 crore from International Finance Corporation (IFC), the private-sector arm of the World Bank Group, by issuing sustainability-linked non-convertible debentures (NCD). It said the funds would be used to support decarbonisation through its new paint-manufacturing business.

₹373.9 lakh crore from ₹378.8 lakh crore in the previous session, resulting in investors collectively losing about ₹5 lakh crore in a single session. Equity benchmarks the Nifty 50 and the Sensex experienced significant losses on Tuesday due to widespread selling as investors remained cautious following the Bank of Japan's decision to raise rates for the first time in 17 years, ending eight years of negative interest rates, as expected by the market.

Also Read: US Fed meet begins today: 3 key things that may influence Fed's policy decision However, all eyes will be on any indications regarding the timing and magnitude of potential easing measures anticipated from the Fed later this year. Recent data revealed that US producer prices surpassed expectations in February, both on a monthly and annual basis. This followed earlier data indicating that US consumer prices exceeded forecasts last month, reaching 3.2%.

In line with the principles of Self-reliant India and Start Up India in the field of defence, the Indian Army has formed a specialized technology unit to conduct research and development of future communication technologies like Artificial Intelligence, 5G, 6G, Machine Learning, Quantum technologies for defence.