India Financial News
18.03 / 09:05
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Theatres adopt variable pricing strategies to draw crowds
Article 370 that benefited from such strategies. Over the past weekend, Sidharth Malhotra-starrer Yodha operated with a ‘buy one, get one ticket’ offer while on Cinema Lover’s Day on 23 February, tickets were available at a discounted price of ₹99, including for premium formats, except for southern states, excluding Karnataka. Kiran Rao’s Laapataa Ladies was priced at ₹100 on 8 March to mark International Women’s Day.
18.03 / 09:05
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Summer stocks: Power, FMCG, consumer durables and 2 other sectors set to soar with rising temperatures; check top picks
Also Read: India's consumer goods sector longs for a rural revival BoB Capital Markets, a domestic brokerage firm, anticipates a sectoral recovery driven by the strengthening demand for cooling products such as ACs and fans with the onset of summer. Market leaders like Voltas, alongside other key players such as Blue Star and Havells, are poised to capitalise on the increasing temperatures. Similarly, in the fan segment, Crompton Greaves Consumer Electricals and Bajaj Electricals anticipate a notable uptick in sales as the summer season progresses.
18.03 / 09:05
Art
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Young Millionaire: Narayana Murthy gifts 4-month-old grandson Infosys shares worth ₹240 crore
Infosys, has gifted his four-month-old grandson Ekagrah Rohan Murthy with shares of the company worth ₹240 crore. This in effect likely makes the infant India's youngest millionaire. Young Ekagrah now holds 15,00,000 shares, equivalent to a 0.04 percent stake, in India's second-largest information technology services company, as per a filing with the BSE.
18.03 / 09:05
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Bajaj Finance share price at attractive entry point, says Anand Rathi; recommends ‘Buy’ for 33% upside
Bajaj Finance shares with a 12-month target price of ₹8,630 per share, implying a nearly 33% upside from Friday’s closing price. The target implies that the stock would trade at 4.7x FY26e Book Value and 23x FY26e EPS. It said that at the current market price, the stock trades at 3.5x FY26e Book Value and 18x FY26 PE, with regulatory overhang priced in at this point.
18.03 / 09:05
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Gensol Engineering share price hits upper circuit after completion of ₹128-cr solar project
Mukul Agrawal portfolio: Gensol Engineering share price today witnessed strong buying interest during morning deals. The energy stock came under the radar of Dalal Street bulls after it announced the completion of a 160 MW solar project worth ₹128 crore in Bhavnagar, Gujarat for Continuum Green Energy.
18.03 / 08:37
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Tube Investments shares down 1.54% as Nifty gains
Tube Investments of India Ltd. traded 1.54 per cent down in Monday's trade at 01:54PM (IST). Around 1,648 shares changed hands on the counter. The scrip opened at Rs 3548.15 and touched an intraday high and low of Rs 3548.15 and Rs 3485.7, respectively, in the session so far. The stock of Tube Investments of India Ltd. quoted a 52-week high of Rs 4120.8 and a 52-week low of Rs 2432.0.
18.03 / 08:37
18.03 / 08:37
UPS
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3.35 cr people eligible to vote in LS, assembly polls in Odisha
Lok Sabha and assembly polls in Odisha, an official said on Monday. The Lok Sabha and the assembly elections will be held in four phases between May 13 and June 1. There will be 37,809 polling stations, including 33,429 in rural areas, in the state, the election official said. Auxiliary polling stations will also be set up where the number of electors exceeds 1,500, he said.
18.03 / 08:37
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India has to build three new Indias in the next 25 years and that will drive demand: Thermax Group CEO
Ashish Bhandari, MD & CEO, Thermax Group, says “by 2030, almost two-thirds of Thermax would be growing businesses that are very small today as part of the larger Thermax portfolio. We expect to drive almost every one of these newer areas that we are getting into and they are not necessarily, there are solutions around; even cooling, For almost everybody that I speak with, including people that are looking to add capacities in India, the domestic consumption story is a big part and perhaps a bigger part of the dialogue.” Given that we are at perhaps the brink of the manufacturing renaissance in India, what role do you see the Thermax Group playing in the next three to five years? Ashish Bhandari: Thermax is a company that has been part of India's energy spectrum for more than 50 years. As we look at the future, we see our role very clearly as one that balances energy availability with energy sustainability. So, energy transition-related technologies, not just green but how do you make the existing carbon footprint greener, more efficient and better.
18.03 / 08:37
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FLY91, India's newest airline, hits the skies
aviation industry, on Monday started its commercial services. The airline's inaugural flight took off from Goa's Manohar International Airport at 07:55 am, bound for Kempegowda International Airport in Bengaluru. Additionally, on its maiden day of operations, Fly91 also successfully flew its first route to Sindhudurg from Bengaluru. FLY91 is initially flying between Goa, Hyderabad, Bengaluru, and Sindhudurg. They will later add flights to Agatti, Jalgaon, and Pune in April. They'll operate flights between Goa and Bengaluru on Monday, Friday, and Saturday, with a similar schedule for Bengaluru-Sindhudurg routes. Additionally, they'll fly between Goa and Hyderabad, as well as Sindhudurg and Hyderabad twice a week. «We at FLY91 are incredibly proud to launch our inaugural commercial flight, symbolizing our commitment to connecting India in a way that has never been done before. This inaugural flight is not just about reaching a destination; it's about taking flight with the dreams and aspirations of a nation,” said Manoj Chacko, Managing Director and Chief Executive Officer.
18.03 / 07:49
Platform
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Startup Mahakumbh | Blinkit will be bigger than Zomato in a year: Deepinder Goyal
Zomato cofounder and chief executive Deepinder Goyal on Monday said the company’s quick-commerce platform Blinkit will be bigger than its mainstay business of food-delivery in a year’s time. Goyal was speaking at the goverment of India-organised Startup Mahakumbh, a three-day event where startup founders will convene to discuss how policy formations can help boost India's global ranking in innovation. The food-delivery major has big plans to take Blinkit beyond grocery delivery into the territory of ecommerce. ET had reported on March 4 that the Zomato’s Blinkit and Mumbai-based Zepto are adding categories such as electronics, fashion and home appliances as they start looking like mainstream ecommerce sites.
18.03 / 07:49
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Rajasthan Royals' Jethalal-Daya meme roasts RCB men's team after women's team triumph
RCB, the Rajasthan Royals joined in with a meme that quickly caught fire online. In their post, the Rajasthan Royals humorously compared the triumph of the RCB women's team to a scene from the popular TV show "Taarak Mehta Ka Ooltah Chashmah." With this post, the Royals subtly poked fun at RCB's men's team for their prolonged title drought, contrasting it with the women's team's achievement in only their second year of existence. Rajasthan Royals teased Royal Challengers Bangalore with sarcastic Jethalal-Daya meme based on the characters from the popular sitcom.
18.03 / 07:45
Target
Manufacturing
Micron
pandemic
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electronic
International
Chip(per) ambitions: Why India needs its wafer fabs
made-in-India’ chip from the Micron plant is expected in December 2024. This is significant, as chip shortages during the global pandemic lockdowns heightened realisation of India’s dependency on international supply chains. While the start seems promising, the odds appear to be stacked against India, for now at least.
18.03 / 07:45
Election
Lok Sabha Elections 2024: CUET UG, NEET UG and THESE May exams to be postponed? All you need to know
The Indian Express that, “JEE Main session 2 and NEET will be as per schedule." The JEE Main Session 2 exams are scheduled to be held prior to the Lok Sabha Polls i.e. between 1-15 April. The ICAI CA exams are also scheduled to be held in the month of May.
18.03 / 07:45
Waves
security
wellness
pandemic
Experts
2020
EMI bounce rate improves to a five-year low indicating no material signs of risk build-up
ICICI Securities. The current unsuccessful auto-debit requests, or bounce rate, is around 50% lower than the peak of 38.1% in June 2020 registered during the COVID-19 pandemic. Overall, in FY24-TD, the average bounce rate in value terms has fallen to 20.8% from 22% YoY.
18.03 / 07:45
Citi
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PM Modi's South India push ahead of Lok Sabha polls: 'Vote for Viksit Bharat, Viksit Telangana'. Top 10 quotes
Telangana will script history on May 13 as the state will go to polls in the fourth phase of the 7-phase Lok Sabha elections. Addressing a public rally in Jagtial, PM Modi said, “The biggest festival of democracy begins." Jagtial is part of the Nizamabad Lok Sabha constituency. The Prime Minister claimed that there is a BJP wave in Telangana while Congress and BRS will face defeat.
18.03 / 07:45
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Your Questions Answered: I want to invest in emerging sectors. Please explain what are logistics mutual funds?
Jeevan Ghorpode, Nashik, Maharashtra Before we understand what logistics mutual funds are, it is important to understand sectoral/thematic mutual funds since logistics mutual funds are a subcategory of sectoral/thematic mutual funds. Thematic/sectoral funds invest in stocks tied to a specific theme or a sector. These funds invest in companies and sectors united by a common idea or concept.
18.03 / 07:45
markets
Provident
Remark
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2020
Multibagger! Penny stock IFCI rises over 850% in 4 years, 278% in just 1 year; should you buy?
IFCI has posted multibagger returns in the last 4 years, rising from ₹4 in March 2020 to around ₹39 currently. This implies a return of 875 percent for its investors. An investment of ₹10,000 in this stock in March 2020 would have turned into ₹97,500 now.
18.03 / 07:45
markets
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band
KP Green Engineering IPO: Issue booked 3.9 times on day 2 so far; check GMP, subscription status, other key details
₹189.50 crore KP Green Engineering IPO has been oversubscribed heavily led by retail investors. KP Green IPO is an SME IPO that opened for bidding on March 15 and will close on March 19. Today is the second day of bidding for KP Green Engineering IPO.
18.03 / 07:45
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acquires
Multibagger penny stock Salasar Techno now acquires EMC for ₹178 crore after issuance of 4:1 bonus shares in Feb
Stock market today: Shares of Salasar Techno Engineering Ltd are one of the multibagger penny stocks that the Indian stock market has delivered in the last one year. This tech stock has surged nearly 150 percent in the last one year. The multibagger penny stock was in the news recently for trading ex-bonus on 1st February 2024.
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