India Financial News

Citroen on Thursday said it plans to scale up the sales network in India to over 200 outlets by the end of this year, a three-fold jump from its existing touchpoints. The addition of new dealerships, across urban, semi-urban, and rural markets will significantly increase the company's footprint from its existing 58 outlets spread across India, Citroen India said in a statement. This transformative initiative underscores the brand's dedication to delivering an unmatched Citroen brand experience to a diverse and expanding customer base nationwide, it added. «We are looking to aggressively make Citroen available to consumers and extend the potential of our products beyond Tier I/Tier II cities,» Citroen India Brand Director Shishir Mishra said.

Earlier this week, a tweet from Indian governments through MyGovIndia went viral on X. The tweet with text — What's wrong with India? — has so far got 2 million views. The tweet highlighted India's recent accomplishments, including the eradication of extreme poverty, the lunar landing achievement, recognition for economic growth from the IMF chief, and advancements in digital infrastructure.

IndiGo on Thursday announced introducing 11 new connections under its extended codeshare agreement with Australia’s national airline, Qantas Airways, starting from March 31, 2024. «With ticket sales going live from March 12, 2024, IndiGo customers can now fly across major tourist and economic hubs in Australia, from Sydney and Melbourne to Adelaide, Brisbane, Canberra, Gold Coast, and Perth,» the company said in a press note. With the new codeshare connections, customers will be able to continue their journey within Australia on Qantas-operated domestic flights to three additional cities— Adelaide, Canberra, and Gold Coast. It will also provide Indian tourists as well as business and leisure travellers with more options to explore destinations across Australia, especially during the upcoming summer season.

An Atlantic Council study published Thursday showed that 134 countries, or 98% of the global Gross Domestic Product (GDP), are currently exploring a central bank digital currency (CBDC). This number has surged from just 35 since May 2020.

LiveMint talked to experts to understand under what circumstances a person who has taken travel insurance would be allowed to get a full refund of their return tickets. According to Manas Kapoor, business head of Travel Insurance at Policybazaar.com, travellers can get a full refund in the case of a medical emergency.

Prime Minister Narendra Modi announced Sudha Murty's nomination on the occasion of International Women's Day and acknowledged her contributions to the field of social work, philanthropy, and education. "I am delighted that the President of India has nominated Sudha Murty to the Rajya Sabha. Sudha Ji's contributions to diverse fields including social work, philanthropy, and education have been immense and inspiring.

Transformers & Rectifiers India have been a goldmine for investors, as they have been delivering consistent returns with each passing year. The shares, which were trading at a value of ₹6.95 apiece in April 2020, have zoomed 4633% to trade at the current value of ₹330 apiece. Each year since CY20, the stock has yielded returns of over 50%, with CY23 seeing the highest yearly gain at 314%.

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Pakistan has a long history of supporting anti-India militant groups, and under the leadership of Prime Minister Narendra Modi, India is more likely than in the past to respond with military force to perceived or real Pakistani provocations," the report says. “Each side’s perception of heightened tensions raises the risk of conflict, with violent unrest in Kashmir or a militant attack in India being potential flashpoints," it adds.

updating their aadhaar card details must do so before June 14. Earlier the deadline was March 14 before it got extended. In their aadhaar card details, one can change their name, address or mobile number without having to pay a fee.

Mint on 28 December 2023 reported that legal scrubbing of both the pillars had started and the deal is expected to be signed in 2024. “Both the pillars are very important for the country. The clean economy (Pillar-III of the IPEF) is aimed at cooperation on research, development and commercialisation of clean energy and climate-friendly technologies," the second person said.

Adani Enterprises, Adani Ports & SEZ, Adani Green Energy, and others, rallied up to 10% on Thursday, rebounding from a steep fall witnessed in the previous session. All ten Adani Group stocks were trading with sharp gains on March 14 led by renewed buying interest amid upbeat market sentiment. Adani Energy Solutions was the top gainer among the pack with an over 10% rally, followed by Adani Green Energy and Adani Total Gas shares up more than 9% each.

JSW Steel, Jindal Steel and Power, Steel Authority of India share prices have declined 5-12% during last one week . While the market sentients remain weak, the correction in share prices also has been led by a regular decline in steel prices. Channel Checks by various Brokerages suggest Steel prices in the country have dipped to multi- month lows BNP Paribas Channel checks suggest that the domestic hot rolled coil (HRC) prices that have been falling since September 2023, reached ₹52,700 a tonne during the week ending March 6, 2024, down ₹900 a tonne week over week.

DLF and Sobha, up 144 percent and 142 percent, respectively. Meanwhile, Macrotech Developers and Phoenix Mills also jumped 133 percent and 108 percent, respectively, in this period. On the other hand, Godrej Properties, Indiabulls Real Estate, Brigade Enterprises, Oberoi Realty and Sunteck Realty also jumped between 31 percent and 99 percent each.

The Indian Express in its report mentioned that Maharashtra Bhawan would be constructed in central Kashmir's Budgam--first-ever state Bhavan in the valley. As per the IE report, the Maharashtra Bhawan will come up on 2.5 acres of land at Ichgam, near Srinagar airport. The Jammu and Kashmir government has approved the transfer of land to the Maharashtra government for ₹8.16 crore.

population census, according to people familiar with the matter. The Statistics Ministry has made a number of proposals that have been discussed by Prime Minister Narendra Modi’s office in the past month, the people said, asking not to be identified as the discussions are private. These include reviving its survey of businesses, last released in 2014, and publishing the household consumption survey on an annual basis, the people said. It also plans to introduce a uniform base year for key indicators and update the basket of goods for calculating inflation, they said.

acute water shortage, experiencing the worst drought in the last 30-40 years, an IISc study has pinned the blame on the 70 per cent drop in the water spread area in the city. It is well known that the city has seen a 1055 per cent bump in built-up areas, i.e., concrete structure and paved surfaces, in the last few decades. In addition, it has seen a staggering drop in the water spread area which has now been termed as the root cause of the depleting groundwater table across the city. A study by the IISC's Centre for Ecological Sciences says that water spread area has fallen from 2,324 hectares in 1973 to just about 696 hectares in 2023, a 70 per cent drop.

Yes Bank jumped 8.5% to Rs 22.75 in Thursday's trade on BSE amid reports that the private lender is looking for a new promoter. According to a report by Livemint, the bank is considering selling up to 51% of its stake, aiming for a target valuation ranging between $8-9 billion. This marks a notable increase from its current market capitalization of $7.2 billion. Citigroup's India unit has been enlisted to facilitate the search for a potential buyer.

Shashank Srivastava, Executive Director, Maruti Suzuki India Ltd, says “the transformation of Maruti Suzuki is one of the biggest achievements of the company. Of course, we have contributed hugely to the Indian manufacturing sector. We are the leaders in the automobile for the last 40 years of its existence. But it goes beyond that and this transformation actually started coming in from the time in maybe the early 90s when you had that liberalisation era. A lot of other manufacturers came in.” On the first Maruti car ever sold to a customer Shashank Srivastava: The first car was sold to a Sikh gentleman, Harpal Singh. And he used to work in Indian Airlines. This car was handed over to him by none other than the then Prime Minister, Ms Indira Gandhi. This was taken from that customer in 2010, restored, and we have it here. It is very emotional not just for me, but for all employees here.

Question: What is the last date to pay advance tax for Financial Year (FY) 2023-24? What are the consequences in case of non-compliance with the advance tax due date?

Hotel chain Hyatt India will add eight new hotels in the South West Asian (SWA) region in this year that includes a foraying into Bangladesh with the opening of a new hotel in Dhaka.