India Financial News

Havells India Ltd. slipped 2.41 per cent to Rs 1465.35 in Tuesday's trade as of 02:05PM (IST). It hit a high of Rs 1505.65 and low of Rs 1457.0 during the session. The stock quoted a 52-week high price of Rs 1590.9 and a low of Rs 1128.1. The return on equity for the stock stood at 16.18 per cent. About 8,007 shares have changed hands on the counter so far.

Live entertainment and sports are becoming big forms of entertainment for the youth, BookMyShow founder and chief executive Ashish Hemrajani said on Tuesday. “Roti kapada makan is done, discerning people have got the money. Now they're focusing on outside of science and maths. They are focusing on art, they are focusing on music, they are focusing on sport," he said on the second day of Startup Mahakumbh in New Delhi.

Indian Oil Corporation Ltd. slipped 2.73 per cent to Rs 156.4 in Tuesday's trade. It hit a high of Rs 159.1 and low of Rs 154.25 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 115.49, while the 50-DMA was at Rs 164.21. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

alcohol beverages industry is poised for margin improvement and higher sales in the fiscal year 2025, according to ICRA, a credit rating agency. ICRA projects a revenue growth of 8-10% for its sample set of domestic alcohol beverages (alcobev) companies in FY2025. Indian made foreign liquor (IMFL) companies are anticipated to witness revenue expansion of 11-13%, driven by a preference for premium products alongside a volume growth of approximately 3-5%. Beer companies are expected to experience a revenue increase of 9-11% year-on-year, primarily due to a 4-6% rise in volumes.

ASK Hedge Solutions, a subsidiary of Blackstone-backed ASK Asset and Wealth Management Group, announced the launch of its first long-short fund — ASK Absolute Return Fund. It an open-ended Category III Alternative Investment fund, looking to raise Rs 3,000 crore, with approximately Rs 1,000 crore in the next 6 months. Vaibhav Sanghavi and Piyush Shah will be the fund managers.

Indian Express has reported, citing Noida Police sources. The Big Boss OTT 2 winner had been arrested on March 17 and was sent to 14-day judicial custody. “During questioning, Yadav did not accept the crime.

Patanjali Ayurved, ANI reported. As reported by PTI, a bench of justices Hima Kohli and Ahsanuddin Amanullah took strong exception to the failure of the company and Balkrishna in filing replies to the court's notices issued to them earlier to show why contempt proceedings be not initiated against them for prima facie violating the undertaking given to the court.

Stock market today: Following weak global Asian stock markets after a trend reversal by the Central Bank of Japan, the Indian stock market witnessed sharp selling pressure during Tuesday deals. The Nifty 50 index opened below the psychological 22,000 mark and went on to touch an intraday low of 21,817 mark, logging an intrada loss of 238 points or more than one percent dip against Monday's close of 22,055 level.

market slowdown, the Financial Times reported. The firm will streamline its primary business divisions from five to four, a source told the paper. These include the audit and assurance, strategy, risk and transactions, technology and transformation, and tax and legal units.

Bharatiya Janata Party (BJP) in the forthcoming Lok Sabha elections saying that the country is fervently demanding a change. Kharge said the Prime Narendra Modi's ‘guarantees’ highlighting in the BJP's poll campaign will mee the same fate as party's "India Shining" slogan ahead of 2004 general elections. "Country is fervently demanding a change.

₹3 trillion between 2017 and 2022. The exercise gradually showed results: profit margins of public sector banks began improving as lending resumed. “The pain was severe, but beneficial effects started to show up from 2018, resulting in improved asset quality," the Reserve Bank of India noted in October 2023.

₹15,000 crore in 2023, up 10.95% from ₹14,209 crore a year ago, according to a report by GroupM ESP, the entertainment, esports and sports division of GroupM India. This expenditure includes ground, team, and franchise fees, athlete endorsements, and media spending. Notably, cricket dominated with ₹13,701 crore, growing 13% year-on-year, and accounting for 87% of the total spending.

Indian share markets have experienced notable volatility since the year began, characterized by significant fluctuations. This volatility largely stems from high valuations in the small and mid-cap segments, triggering profit-taking sessions amid global economic concerns. Despite these fluctuations, investor optimism remains strong, buoyed by positive macroeconomic indicators like inflation and GST collections.

Lady Sarah Rose Hanbury has broke silence and told her lawyers that "the rumours are completely false," as reported by Business Insider report. Apart from Prince Harry and Meghan, a lot has been happening in the Royal Family since the past few months, right from King Charles cancer news, Kate Middleton's disappearance post surgery to Prince William's alleged affair. Several media outlets have also reported that her disappearance to be a signal of trouble between William-Kate Middleton hinting at a potential split.

AU Small Finance Bank, in October last year, announced the merger scheme with Fincare Small Finance Bank Ltd, which the Reserve Bank of India (RBI) approved earlier this month. The merger will take effect on April 1 and all branches of Fincare Small Finance Bank will function as branches of AU Small Finance Bank from that date.

GAIL (India) Ltd. rose 0.96 per cent to Rs 174.15 in Tuesday's trade. It hit an intraday high of Rs 176.5 and low of Rs 173.7, respectively, during the day. The stock quoted a 52-week high price of Rs 196.35 and low of Rs 102.1.

Election Commission's released of data on the electoral bond scheme inroduced in 2018 turned quite a few heads, with multiple conglomerates donating incredible amounts of money to India's political parties. Right at the top of the list was Future Gaming Private Limited, a lottery company founded by one Santiago Martin, that donated ₹1,368 crore. Who is Martin, described as a smooth-talking 'lottery king'? Born in 1961, Martin spent some of his youth working in Myanmar as a daily wager, returning to India in the 1980s just as the craze for lottery tickets picked up. The future founder of Future Gaming settled in Coimbatore, working in a tea shop in Tatabad. Eventually, Martin would decide to set up shop selling lottery tickets.

visa exemption policy and will now allow citizens from 87 countries to enter the UAE without needing a pre-entry visa. The updated regulations say that nationals from from 110 countries are required to obtain a visa prior to their arrival in the UAE, according to Gulf News. The UAE Digital Government has made it clear that citizens of the GCC do not require a visa or sponsorship to travel to the country. They can enter simply by showing a passport from a GCC state or an identity card when they arrive at UAE entry points.

Hinduja Group flagship company Ashok Leyland on Tuesday said it has signed a strategic alliance with Minus Zero aimed at developing tailored autonomous trucking solutions in the country. Bengaluru-based Minus Zero is an autonomous driving technology startup and this partnership aims to revolutionise commercial trucking through autonomous solutions at scale. The initial focus of this collaboration will be on developing autonomous trucking solutions for ports, factory operations and corporate campuses, the city-based heavy commercial vehicle maker said in a company statement. With global regulations and infrastructure evolving to support autonomous driving, this collaboration can extend to offer joint product offerings to international markets.

Colgate-Palmolive (India) with a target price of Rs 2885. The current market price of Colgate-Palmolive (India) is Rs 2663.95. Colgate-Palmolive (India) Ltd., incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 72670.48 Crore) operating in FMCG sector.

ICAI will release the dates today. The dates have been revised after Election Commission recently announced schedule of Election to the 18th Lok Sabha which will be held in seven phases. The Model Code of Conduct (MCC) has been enforced since Saturday following the Election Commission of India's announcement of election dates for the Lok Sabha and four state assemblies. With the 17th Lok Sabha's term scheduled to conclude on June 16, 2024, elections for its 543 seats must be conducted prior to this date. The general election for these 543 Lok Sabha seats will take place in seven phases starting from April 19, with the counting of votes set for June 4. Concurrently, elections for the State legislatures of Andhra Pradesh, Arunachal Pradesh, Odisha, and Sikkim will also be conducted during this period.