India Financial News

N. Biren Singh on Friday discussed issues relating to the security situation on the state's border with Myanmar and other matters with a top Assam Rifles official. Biren Singh said on X: «Maj Gen Ravroop, IGAR (South) called on me at my secretariat office today. Had a productive discussion on the security measures being undertaken at border areas and vulnerable spots, while focusing on combating illicit trafficking of contraband items, anti-national elements, and the enforcement of law and order in the region.» The Manipur government has recently deployed a large contingent of state commando forces and asked the Assam Rifles, deployed on the border, and other central armed police forces to tighten security.

top bond buyers along with an examination of some of the other key numbers that have emerged from the initial data dump. FUTURE GAMING & HOTEL SERVICES Bettor than Rest: A Realty Check for ‘Lottery King The top buyer of electoral bonds is Coimbatore-based Future Gaming & Hotel Services, founded in 1991 by Santiago Martin. The group bought electoral bonds worth Rs 1,368 crore between April 12, 2019, and January 24, 2024.

State Bank of India (SBI) why it had withheld the unique numbers associated with electoral bonds purchased and encashed since April 12, 2019, ordering it to respond on March 18. The alpha-numeric ID can be used to connect the purchaser of an electoral bond with the political party that encashed it. When the SC scrapped the bonds in mid-February on the grounds that they were unconstitutional, it had asked SBI to provide full details of the funding instrument to the Election Commission of India (ECI), which was to then post this publicly. SBI was the sole issuer of electoral bonds. “We can take exception” to the non-disclosure of the bond numbers by SBI, a five-member bench headed by chief justice of India (CJI) DY Chandrachud said Friday. The ECI published the information provided by SBI on Thursday. This related to entities that had purchased electoral bonds during the period in question but didn’t include the unique number. The data shows the entities that have bought bonds, including how much, and the parties that have received money, including the quantity.

imports of yellow peas, which are used in place of chana, beyond April to keep the pulses inflation under control as the yield of chana is expected to be low on account of a decline in acreage and lower productivity, said an official. «Yellow pea imports are expected to help offset the anticipated shortfall in the supply of chana as the domestic crop is projected to be lower than that last year on drop in acreage and weather impacting the yields,» said the official, who did not wish to be identified. In early December 2023, the Centre allowed duty-free imports of yellow peas until March 2024 and later extended it till April as part of efforts to cool the prices of pulses which had kept food inflation high for the past few months.

When Gobindbir Singh describes the stress international students are under, he remembers a young man who called in tears.

Modi started his South push and adressed a rally each in Kerala and Tamil Nadu. It was followed by his road show in Telangana. The BJP sees more wins in the southern states as crucial to achieving its target of 370 seats in the Lok Sabha and ensuring a third term for the National Democratic Alliance (NDA) at the Centre.

Tshering Tobgay heaped praises on his Indian counterpart and expressed his deep appreciation for India's role as a reliable, trusted and valued partner in his country's developmental priorities. In their talks on Thursday night, the two leaders reviewed the progress in bilateral ties in various areas, including infrastructure development, connectivity, energy, hydropower cooperation, people-to-people exchanges and development cooperation, officials said. «They (Modi and Tobgay) reaffirmed their commitment to further strengthen the special and unique India-Bhutan friendship,» said the Ministry of External Affairs (MEA).

Kerala's Pathanamthitta constituency is set to vote in the Lok Sabha elections soon, with the Election Commission very close to announcing a date for the polls. This year's elections will likely see a tight contest in the Congress stronghold. Pathanamthitta is a newly formed constituency in the Central Travancore region of Kerala. In what is set to be only the fourth election in this specific constituency, the Communist Party of India, the Congress and the BJP are going to fight it out to place a member in the 18th Lok Sabha. Pathanamthitta Lok Sabha Elections 2024: Dates The scheduling of the Lok Sabha elections in Pathanamthitta is garnering significant interest with early reports placing likely poll dates between April-May. The eagerly awaited voting date for the Kerala constituency in the 2024 Lok Sabha election will pretty soon be disclosed by the Election Commission.

political parties under electoral bonds is under examination, although many of these have been frequent donors, paying large sums to political parties through electoral trusts. The latest electoral trust data speaks. Five electoral trusts gave political parties ₹366 crore in 2022-23, including ₹259.08 crore going to the ruling BJP. Megha Engineering and Infrastructure, the second-highest electoral bond giver, also donated Rs 87 crore to Prudent, the richest electoral trust that favours the BJP.

Election Commission of India (EC) readies to announce the Lok Sabha poll schedule, suspense persists on Jammu & Kashmir (J&K) assembly elections but the recent EC visit to J&K threw up two clear and opposite views, ET has learnt. Political parties have unequivocally sought simultaneous parliamentary and assembly elections in J&K in their discussions with EC. Many are learnt to have said that if the Centre is looking at a 'One Nation, One Election' plan, it should make a start with J&K which has been without an elected government since the PDP-BJP coalition collapsed in June 2018. However, both the administrative and security establishment have made assessments that indicate that conducting a simultaneous assembly poll will be hugely challenging.

Narendra Modi on Friday alleged that the INDIA bloc wanted to assume power only to engage in 'loot and corruption.' He attacked the Congress in Kerala over the solar case of 2013 and the DMK-Congress alliance in Tamil Nadu. Addressing a BJP rally in Kanyakumari, Modi alleged DMK-Congress have 'history of scams' and the aim behind their efforts to come to power is to 'loot the people.' He underlined that while the Centre has launched several infrastructure development projects in Tamil Nadu and the people benefited from a slew of welfare schemes, the DMK government was 'steeped in corruption.' Referring to the consecration of Ram temple at Ayodhya on January 22, Modi said the DMK government boycotted it and tried to 'prevent telecast' of the event. Modi said this showed the DMK government had 'no respect' for traditions and culture of India. He said in the run-up to the main event, he had visited several historical temples of Tamil Nadu. Modi also tried to take credit for restarting Jallikattu, though it was done by cultural organisations after the Supreme Court lifted the ban. He alleged that while the DMK-Congress dispensation was 'caught napping' when Sri Lankan authorities arrested some Tamil Nadu fishermen recently, he used diplomatic clout to bring them back safe, overlooking the point that the Centre oversaw external affairs. Referring to the attack on AIADMK leader J Jayalalithaa in the Tamil Nadu assembly several decades ago, Modi said it showed DMK 'did not respect' women.

Opposition parties on Friday accused the government of using pressure of investigative agencies and quid-pro-quo methods on business firms to help the BJP get the largest chunk of political donations through electoral bonds, and demanded a Supreme Court-monitored investigation into what they saw as corruption by the ruling establishment. The Congress also demanded a freeze on BJP's bank accounts. Citing the electoral bond data that State Bank of India provided to the Election Commission, Congress president Mallikarjun Kharge said the BJP received about half the total donations while the principal opposition party, Congress, got only 11%. «There are many dubious donors. Who are these people? Which companies are these? Why have so many companies donated only after ED, IT and CBI raids? Who put the pressure on such companies,» Kharge asked, and sought a Supreme Court-led investigation into «the saga of corruption». «It is quite worrying that while the accounts of the Congress party have been frozen, no action has been taken against the BJP which has illegally acquired crores and crores of money,» he said, referring to a lien the Income Tax Department imposed on its account. «Thus, along with an inquiry, we demand that accounts of BJP should be frozen with immediate effect due to the illegal nature of the funds received through the electoral bonds scheme,» he added.

Also Read: Most unresolved investors' complaints belong to venture capital funds, Sebi data shows The securities markets had so far been operating at a T+1 settlement cycle. It introduced T+1 in 2021 and implemented in phases, with the final phase completed in January 2023.

MUMBAI : The Securities and Exchange Board of India (Sebi) on Friday approved a slew of proposals, including exempting certain foreign portfolio investors (FPIs) from additional disclosure requirements, launch of beta version of the T+0 settlement, and facilitation of ease of doing business for companies going public. For ease of doing business, the markets regulator in its annual board meeting approved a proposal to exempt additional disclosure requirements for FPIs having more than 50% of their Indian equity assets under management (AUM) in a single corporate group, in case the concentrated holdings of the FPIs are in a listed company with no identified promoter, if certain conditions are met.

Elections are in the air. Whether it's India's that's around the corner, Russia's currently underway, or Britain's and America's this winter, democracies take pride in conducting elections — even when some do it less freely and fairly than others. Incumbent Vladimir Putin, for instance, will be declared victor for the fifth — and third consecutive — time.

Rajnath Singh on Friday inaugurated the 'Nausena Bhawan', the new state-of-the-art headquarters of the Indian Navy at the Delhi Cantonment which is equipped with modern facilities and cutting-edge technologies. It marks a significant milestone for the Navy as it has established its «first independent headquarters in Delhi», the defence ministry said in a statement. Previously, the Navy operated from 13 different locations, necessitating a consolidated and purpose-built facility such as the 'Nausena Bhawan', it said. The inauguration represents a significant step forward for the Indian Navy, providing a centralised and technologically advanced headquarters that reflects the nation's commitment to maritime excellence and national security.

Amitabh Bachchan has been discharged from Kokilaben Hospital, Mumbai. The ‘living legend’ was admitted there, after he felt uneasy. According to a News 18 report, a blood clot was found in his leg. The ‘Kabhie Khushi, Kabhie Gham’ star had to undergo an angioplasty. However, barely hours after he was discharged, Bachchan Sr was spotted attending an ISPL T-10 cricket match with his son Abhishek Bachchan and GOAT of Indian cricket, Sachin Tendulkar. The match took place between Majhi Mumbai (Bachchan’s team) and Tigers Of Kolkata at the Dadoji Kondadev Stadium in Thane. After the pictures of the star at the match went viral, DNA contacted the authorities of Kokilaben Hospital. They told the news publication that as the superstar was expected to attend the match, he was discharged earlier, and there was no big procedure involved.

EV makers to test the Indian market while they make up their minds on local manufacturing. This was a sticking point in negotiations with Tesla, which wanted import duties lowered as a precondition to investing in the country. GoI was clear that it would not permit dumping of cars manufactured in China.

official gold imports are roughly 700 t/year, worth around $44.8 bn. Smuggled gold volumes are reported to be around 200-300 t/year, worth $19.2 bn. Gold smuggling takes place via air, sea and road routes and in different forms: bars, powder/dust and paste. To prevent good smuggling, it's important to find out the reasons that allow it. Customs In India, these work out to be 18% for officially imported gold. Direct saving for smugglers is ₹18 lakh for every ₹1 cr of gold smuggled in, which is a little less than 2 kg.

Happy Hours, Bogo, Ladies Nights, Early Bird offers.… all designed to push the consumer to shell out more than planned. And then there's this nasty thing called surge pricing in aviation and app-based taxi business, the fear of which makes one review and re-review plans.

But the Henley Private Wealth Migration Report 2023 brings some optimism to the table. It says that with annual exodus figures closer to 6,500, there was a dip in the number of Indian HNIs leaving the country. If this 'slowdown' continues, it could be another indicator of the India growth story. Why? Decisions of HNIs to migrate are multifold. They are driven not just by personal or lifestyle preferences but also by a keen sense of where their wealth can be maximised. As they are the wealthiest in the country, they are more choosy, have greater expectations and can afford to relocate to places that offer them better living and economic conditions.