India Financial News

SpaceX's Starbase in Texas at around 8:25 am today. It was telecasted live on social media platform X, also owned by Elon Musk. Millions were glued to their screen to witness the test flight of SpaceX's sleek mega rocket.

Peak power demand in India touched 220.55 GW on March 13 as temperatures rose across the country, much higher than the 206.8 GW on the corresponding day last year. It also surpassed the 209-GW level recorded a year back in the same month. The peak demand so far in the month, is however, lower than that estimated by the power ministry at 231 GW for the ongoing month. «From next week, this demand will pick up,» a government official told ET. «March 18 onwards temperature is expected to rise which is when we expect higher peak demand,» the person said.

The returns by S&P BSE Capital Goods index in FY24 so far have been 64% versus 23% by S&P BSE Sensex.

Reserve Bank of India (RBI) that they lost hundreds of crores of rupees in currency derivatives manipulatively sold by banks, the central bank slapped the lenders with penalties in the range of Rs 5-15 lakh. That was 2011. Come 2024, when the regulator found IIFL Finance Ltd in violation of its guidelines on gold loans, it ordered the company to shutter the business, landing a debilitating blow. The shift in the magnitude of the penalty between then and now not only captures how RBI has moved from kid gloves to boxing gloves in treating regulatory breaches, but also what is in store for potential violators.

Pakistan on Thursday termed India's new Citizenship (Amendment) Act "discriminatory in nature", claiming that it differentiated between people based on their faith. The Indian government implemented the Citizenship (Amendment) Act 2019 on Monday, paving the way for the grant of citizenship to undocumented non-Muslim migrants from Pakistan, Bangladesh and Afghanistan who came to India before December 31, 2014. The government also came out with a press statement to say that Indian Muslims need not worry as the CAA will not impact their citizenship and has nothing to do with the community which enjoys equal rights as their Hindu counterparts.

PIYUSH GOYAL, MUMBAI LOCAL TRAIN, SIDDHIVINAYAK MANDIR, LOK SABHA ELECTIONS, PIYUSH GOYAL RIDES MUMBAI LOCAL TRAIN, PIYUSH GOYAL VISITS SIDDHIVINAYAK MANDIR, BJP : Piyush Goyal—the Minister of Commerce and Industry and Consumer Affairs—who will face his first electoral debut in the upcoming Lok Sabha elections, on Thursday embarked on a journey aboard a Mumbai local train. The minister who spent his childhood in Mumbai expressed his nostalgia for the city while admiring the resilience, perseverance, and hopeful spirit of the financial capital of the country.

NEW DELHI : Power Exchange India Ltd (PXIL), promoted by NSE and NCDEX, aims to launch its carbon-credit trading platform by the second quarter of next fiscal (FY25) year as it is already working on the technology for the product, its managing director and chief executive Satyajit Ganguly said. In an interview, Ganguly said that as the regulations for such platforms are likely to be rolled out by the second quarter, the exchange would be ready by then with its technology and also complete its educational workshops for industry participants across sectors to get them on board the platform and trade in carbon credits. "We have already started working on the technology.

NEW DELHI : New Delhi: In a sluggish consumer electronics market, the key to boosting smartphone sales is to steer clear of cookie-cutter experiences for buyers and, instead, enhance value-addition in mid-segment devices, Raju Pullan, senior vice-president and head of Samsung India’s mobile experience business, said in an interview. According to Pullan, Samsung is targetting non-urban markets, and enhancing value of the smartphones priced below ₹50,000 to drive growth despite the challenges. “Upgrades are happening from ₹15,000 to the ₹30,000 price bracket, and from ₹30,000 to the ₹50,000 range.

Bar and Bench reported. The Supreme Court will now the matter regarding the compliance with its orders in connection with electoral bonds case. While scrapping the Centre's Electoral Bond scheme, the Supreme Court had asked the State Bank of India (SBI) to furnish details of the electoral bonds to the Elections Commision.

Mallikarjun Kharge are yet to comment on the notification of implementation of CAA. Despite the lack of support from Congress on the CAA issue, the CM contended that the Kerala government will “neither bend nor keep silent".

₹4,000 crore or global revenue of over $30 billion, and with over 10 million end-users or 10,000 business users in India. Nine ‘core’ services have been identified, including search engines, social networks, browsers and e-commerce aggregators. The bill does not allow for bundling of services, self-preferencing, restricting third-party apps or data cross-sharing, among other mandates.

₹300 crore as first close of its alternative investment fund (AIF), Inliv Real Estate, said founder Mohit Malhotra, formerly the managing director and chief executive of Godrej Properties, on Thursday. The maiden fundraise of NeoLiv, registered as category II AIF, attracted interest from ultra-high net worth investors and family offices across India, with roadshows conducted in major cities including Mumbai, Delhi-NCR, Kolkata, Ahmedabad, Lucknow, Kanpur, Bhavnagar, Udaipur, and Bangalore.

Also Read: How to reactivate a dormant demat account? MintGenie explains Trading through mobile phones enables you to have real-time access to key developments related to trading and investments. The main advantage of mobile trading is that anyone can also see market data at the same speed as brokers or registered clients. India pioneered online stock trading in the late 1990s, with the National Stock Exchange (NSE) leading the way with electronic or screen-based trading systems accessible via the internet.

₹757 crore in 2023 to acquire the Women's Premier League (WPL) team. Jinisha Sharma, director of the sports division at NBFC Capri Global said the decision to buy a WPL team was a “calculated risk" considering the backing of the Board of Control for Cricket in India (BCCI), and growing interest in women's sports in India. The company owns four sports teams.

₹200 crore net amount in India against an approximate budget of ₹40 crore, the superhero film HanuMan is all set to make its OTT debut in the coming days. Released in theatres on January 12 this year, the movie not only received love from the audience but also gained applause from critics. With its engaging storytelling and mind-boggling visual effects, the mythology fiction is all set for its OTT launch on March 16.

Ranji Trophy final 2024: Tanush Kotian and Tushar Deshpande played a historical innings to seal Mumbai's fate in the finals of Ranji Trophy 2024 and brought the title home for the record 42nd time. Mumbai defeated Vidarbha by 169 runs at the Wankhede Stadium to clinch the prestigious trophy after eight years. The Mumbai Cricket Association (MCA) was elated with the win and announced to double the prize money for the winning team.

Samajwadi Party leader Shivpal Singh Yadav on Thursday started his Lok Sabha poll campaign in Badaun in western Uttar Pradesh with a 'Jan Sampark Yatra' and claimed that the INDIA bloc will defeat the BJP on all 80 seats in the state. Yadav, who has been fielded by his party from Badaun Lok Sabha seat, also said that the ruling BJP is not finding a candidate against him. Earlier in a post in Hindi on X, Yadav said he shares a decades-long relationship with the region. «I have several stories and memories related to Badaun,» he added. The SP leader also shared a couplet of famous poet Shakeel Badayuni along with his post on the microblogging platform.

Nirmala Sitharaman said that Northeast region of our country has transformed into the driving force of our nation’s development. Sitharaman participated in Indian Institute of Technology-Guwahati Viksit Bharat Ambassador Dialogue held at the institute. The developmental dialogue centered around the topic of the Prime Minister of India’s 'Viksit Bharat 2047' goal, aimed at transforming India into a developed nation by 2047, marking 100 years of independence. Delving into India's ambition to achieve developed nation status by 2047.

Industrial Training Institutes (ITIs) across India will soon include ‘AI for All’ as part of their curriculum to build awareness on artificial intelligence. This initiative is spearheaded by the Future Right Skills Network (FRSN) in collaboration with the Directorate General of Training (DGT) to enhance the employability prospects of students. The ‘AI for All’ curriculum aims to bridge the gap between industry requirements and academic offerings. «This step is crucial in aligning academic programmes with the evolving needs of industries. The AI curriculum by FRSN is part of the larger initiative of DGT, to integrate AI learning at ITIs,» a press release said. Formed in 2019, FRSN is a collaborative effort of Quest Alliance, Accenture, Cisco, JP Morgan and SAP Labs India.

Manba Finance, an NBFC-BL providing financial solutions for auto loans, used cars, small business loans, filed a draft red herring prospectus with Sebi for an IPO. The IPO is completely a fresh equity issue of 1.25 crore shares with no offer for sale (OFS) segment.

Tata Group is considering buying Walt Disney Co.’s stake in Tata Play Ltd. to give it full control of the subscription television broadcaster, people familiar with the matter said, continuing a shakeup in India’s media industry. The companies are in preliminary talks about an acquisition of Disney’s significant minority stake, which would value Tata Play at about $1 billion or more, the people said, asking not to be identified as the considerations are private. Tata may decide not to pursue a deal, they said. Representatives for Tata and Disney declined to comment.