India Financial News

New Delhi: India is contemplating softening its stand on some of the contentious issues that have held up a free trade agreement with the UK, according to two people aware of the matter who expect the UK to do the same. Both countries have underscored the significance of finding a “feasible solution" to speed up the process, they added. “India is planning to soften its stand on some of the sticky issues in the trade negotiations with the UK.

NEW DELHI : The government’s move to amend its 1 March advisory mandating companies developing GenAI- and AI-based tools and features to take explicit government consent before releasing them in the market was welcomed by industry players, as they wouldn't now need to take any permissions. The amended advisory was issued on 15 March, which also removed the requirement of compliance within 15 days.

District Election Officer, Bandipora, Shakeel ul Rehman, on Sunday directed all licensed arms holders to deposit their arms at the nearest police stations within seven days in view of the Lok Sabha elections. «The district magistrate in an order vide No. 35- DMB of 2024 dated: 17-03-2024 directed all the civilians and forces personnel (retired and serving) presently residing within the territorial jurisdiction of District Bandipora and who are in possession of arms and ammunition on a vaild arms licence shall deposit their arms and ammunition in the concerned police stations within a period of seven days from the date of issuance of the order.» an official spokesman said here. The spokesman said this measure is for preventive law and order action to ensure conduct of peaceful, free and fair poll during the Lok Sabha elections. The district magistrate said that prohibitory orders under Section 144 of the CrPC had come into force with effect from March 16, as per the Election Commission of India (ECI)'s Model Code of Conduct.

Bhopal (Madhya Pradesh) [India], March 17 (ANI): Former chief minister of Madhya Pradesh Shivraj Singh Chouhan launched a scathing attack on the Congress party on Sunday, stating that the party is neither left with an army nor a leader. Chouhan asserted that the Congress, once a formidable force in Indian politics, now resembles a 'sinking ship without direction and vision.' Addressing a press conference in state capital Bhopal, Shivraj Singh Chouhan said, «On one hand, the BJP is a shining star, and on the other hand, the Congress is a sinking ship. Neither does the party have a way nor a vision, that is why their condition is depleting.» Exuding confidence in the BJP's victory in the upcoming elections, Chouhan stated, «Ab ki baar 400 paar» is not a BJP slogan, but rather an announcement of the public."

Left Front on Sunday announced its candidate for the Tripura East Lok Sabha seat (ST) and decided to support the Congress in the other seat– Tripura West parliamentary constituency. Front convener Narayan Kar said that former CPI-M MLA Rajendra Reang would be the Left parties’ nominee in the Tripura East Lok Sabha seat, reserved for the tribal. Kar said that former CPI-M MLA Ratan Das, who is also the Secretary of the CPI-M West District committee, would be fielded in the Ramnagar assembly seat (in West Tripura), where by-elections would be held on April 19.

BJP leader and the party's Kerala in-charge Prakash Javadekar on Sunday said its leaders believe that the saffron party is going to make a difference in the state's politics forever in the LS polls, as the LDF and UDF are «parties of the past» and have «nothing new to offer». A day after the Election Commission of India (ECI) announced the dates for the Lok Sabha polls, according to which Kerala will go to the polls on April 26, Javadekar met the media here and said the «churning in the minds of the voters» in the state is visible, and that it will translate into major gains for the BJP. He commented that the CPI(M)-led Left Democratic Front and the Congress-led United Democratic Front (UDF) have no future in Kerala. «We (BJP) are going to make a difference in Kerala politics forever in this election. A big churning in the minds of Kerala voters is visible. In 2019, they were made to believe that Rahul Gandhi will become Prime Minister. This time, everybody, including the Congress leaders, are sure that he has no chance of becoming the PM,» Javadekar contended.

Hyderabad: Electoral bonds are nothing but 'quid pro quo', Telangana Chief Minister A Revanth Reddy said on Sunday. Addressing a «meet the press» programme, Reddy slammed former Chief Minister K Chandrasekhar Rao, alleging that his regime resembled "Nizam's rule." «They (electoral bonds) are nothing but 'quid pro quo' between those in power and contractors. Those in power are giving some contracts and they are giving back electoral bonds,» he said replying to a query. The Election Commission of India on Sunday uploaded the data received in digitised form from the registry of the Supreme Court on electoral bonds, on its website.

Electoral bonds data 2nd list: In a fresh set of details around the political donations through electoral bonds, the Election Commission of India on Sunday uploaded the sealed covers received by the Supreme Court's registry carrying party-wise details of electoral bond donations at least till 12 April 2019. The second set of data sheds more light on donations through ‘now-scrapped’ electoral bonds.

Persistent Systems (up nearly 86 per cent), Coforge (up 55 per cent), L&T Technology Services (up 53 per cent) and HCL Technologies (up 53 per cent) have seen strong gains over the last year despite persisting concerns over weakness in demand in key markets in the West. Also Read: Indian stock market remains attractive, say experts, suggest stocks to buy for long term While it appears investors are placing greater emphasis on the valuation multiples rather than the actual earnings growth of the IT companies, strong domestic inflows into equities could be another factor behind the rise in IT stocks, said the brokerage firm.

Indian stock market remains attractive, say experts, suggest stocks to buy for long term Recently Fitch Ratings has raised its forecast for India's economic growth to 7 per cent for the next financial year (FY25). The ratings agency underscored that India witnessed a GDP growth of more than 8 per cent for three consecutive quarters and the growth growth momentum may slightly moderate in the final quarter of the current fiscal year due to which, India's growth could come at about 7.8 per cent for FY24.

MUMBAI : Oister Global, which invests in PE and VC funds, is looking to deploy ₹4,500 crore in private market funds in the next two years, a top executive said. The Gurugram-based firm, which is also an investor in Blume Ventures, will deploy close to ₹1,000 crore by the end of this year, and ₹3,500 on top of that in the next year, said Rohit Bhayana, co-CEO & co-founder, Oister Global. “When we talk about these numbers, we're talking about both debt and equity.

NEW DELHI : Soho House is looking to expand its presence in India by adding two more ‘houses’ to its existing business here in the next few years, a senior executive of the global hotel chain said. The luxury members-only club -- which currently operates its 'house' in an asset-light model out of an 11-storied townhouse in Mumbai — first began operations in 1995 in London. The company's current membership costs about ₹1.6 lakh per annum for individuals if they want to enroll for just one house (say the one in Mumbai) and ₹3.1 lakh for all-house access.

₹6,986.5 crore donations made to the saffron party, through electoral bonds, ₹2,555 crore was made during the financial year 2019-20, the data shared by the election commission revealed. Sealed cover’ data of electoral bonds for the period March 2018-April 2019 made public by the election commission doesn’t include the names of the donors (barring few parties who disclosed the names voluntarily).

Mint. The MAPP is the weighted average price of previous three trading days in a district, while the DBPP is the weighted average price of the day of procurement, three previous days and three subsequent trading days. The MAPP and the DBPP are the weighted average of the modal price (70% weightage) and maximum price (30% weightage). This comes against the backrop of falling government buffer stocks amid firm market prices caused by lower production of some pulses, including tur.

Elvish Yadav was present at the party and is accused of supplying snake venom to the party. After police raids, social media was abuzz with videos of Elvish Yadav with snakes and users demanding the arrest of the YouTuber. NGO People for Animals (PFA) founded by BJP MP Maneka Gandhi conducted a string operation after which five people were arrested for snake smuggling.

Electoral bonds fresh data: The Election Commission of India (ECI) on Sunday published fresh data on the use of electoral bonds to fund political parties in India. The information is making some new revelations like out of the total ₹6,986.5 crore donations made to the Bharatiya Janata Party (BJP) through electoral bonds, ₹2,555 crore was made during the financial year 2019-20, the EC data has revealed.

₹1397 crore donations, whereas K Chandrashekar Rao's BRS is the fourth largest recipient after BJP, Trinamool and Congress.Electoral Bonds data 2nd list LIVE: K. Chandrashekar Rao’s BRS has emerged as the fourth largest recipient through electoral bonds.

Russian Elections 2024: President Vladimir Putin is all set to win a fifth term in office and tighten his grip on power with no real challengers in the Russian Elections 2024. The voting, which started on Friday witnessed occasional signs of protests as some voters vandalized the ballot box or filled them with ink in their solidarity with Alexei Navalny, the most vociferous critic of Vladimir Putin, who died in an Arctic prison last month. The Russian Elections 2024 are coming just two years after Vladimir Putin started the biggest conflict in Europe since World War II when he invaded Ukraine.

Paytm, a pioneer in the country’s shift to mobile payments whose investors have included Warren Buffett’s Berkshire Hathaway and China’s Alibaba Group, has been shaken following an order from India’s central bank that largely crippled its banking affiliate. From Saturday, the bank can no longer carry out most types of transactions. One97 Communications, Paytm’s parent, also owns 49% of Paytm Payments Bank and was relying on it to build new sources of income.

Electoral bonds data: Election Commission of India (ECI) on Sunday uploaded fresh data related to funding of political parties in India through electoral bonds. The fresh data pertains to the information provided by political parties to the Supreme Court of India in a sealed cover after interim order in April 12, 2019 and is believed to be for the period before the date of the interim order.

2024 Lok Sabha polls, known as the largest democratic exercise in the world, will be announced on June 4. When asked if he was preparing for the 2029 Lok Sabha polls, PM Modi said, ‘you are stuck on 2029’. "Find out what Modi is.