India Financial News

₹8,399 crore to improve public transport in the capital by adding two rail corridors, an official statement said. The new lines will be ready for public use by March 2026, Union minister for information and broadcasting Anurag Thakur told reporters at a briefing.

Mahapanchayat. "Samyukt Kisan Morcha calls upon farmers, agricultural workers and common people of India including those in coordination with SKM like Joint Platform of Central Trade Unions, other Trade Unions, Women's Organizations, Student’s Organizations, Youth Organizations and Democratic Organizations to participate in large numbers and make this historic Mahapanchayat a grand success," it said in a statement.

₹9,650 crore and was approved by a majority of lenders. The plan has to be implemented within 90 days of the date of the order which came on 27 February.

Bharatiya Janata Party (BJP) on Wednesday named Yaduveer Krishnadatta Chamaraja Wadiyar of the Mysore royal family from Mysuru Lok Sabha seat in the second list of candidates for the 2024 Lok Sabha elections. The saffron party replaced the two-term sitting MP Pratap Simha with the US-educated YKC Wadiyar of the Mysore royal family. Wadiyar is the adopted son of Pramodadevi Wadiyar, whose late husband Srikantadatta Narasimharaja Wadiyar had also represented the Mysore Lok Sabha seat four times in the 1980s and 1990s.

Luxury brand leases in India surge 170% in 2023: Report “2024 is anticipated to be a more dynamic year for the both the Asia Pacific real estate markets as well as capital in the region remaining the dominant investor in global real estate. The ability to act quickly, dig deeply into markets and sectors to identify value, and forge productive partnerships will be key to making the most of the region’s diversity and increased opportunity," said Chris Pilgrim, Colliers Managing Director of Global Capital Markets, APAC, said.

Coal India, Adani Ports & Special Economic Zone, Adani Enterprises, NTPC, Tata Steel, and ONGC saw losses of over 5%. Moreover, the market was also influenced by the uptick in US inflation to 3.2% in February, raising concerns about the possibility of a rate cut by the US Federal Reserve in the near term. This, however, boosted the dollar index, and even the US stock market surged.

eVX's design and features, offering enthusiasts a glimpse into what the future holds for electric mobility in India. Notably, the charging port's placement on the front left fender garnered attention for its practicality and safety benefits, mitigating vulnerability to frontal collision impacts.

NEW DELHI : Tata Group aims to begin commercial production from India’s first semiconductor fabrication unit by 2026, an aggressive timeline considering the country’s long wait to become self-reliant in chips that power technology ranging from smartphones to defence systems. Tata Electronics Pvt. Ltd’s plant in Assam will begin with producing semiconductor chips starting at 28 nanometres, said N.

BBC, in 2018, carried a report listing 11 cities across the globe that were likely to run out of drinking water, including Cape Town and Beijing. Bengaluru was the only Indian city on the list. Not a single lake had suitable water for drinking, the report noted.

₹60 lakh for a two per cent equity stake, Sundeep and Akashdeep showed how their pancakes are made using wheat and oat flour, demonstrating the technicalities and formulations that ensure consistency in texture and taste. They served their signature dishes to the sharks – like pancake cereal bowls, blueberry garden pancakes, tiramisu pancakes and fresh fruit pancakes, which was applauded by all the sharks for their quality taste and consistency Uncle Peter’s Pancakes bagged the 3 sharks deal based on being profitable and developing a good ecosystem for their franchise network to grow. Sundeep mentioned that more than 85% of the franchise models are profitable, with 25% making a monthly profit of ₹85,000 to ₹1,00,000.

Dahal, a former Maoist guerrilla leader in the Himalayan nation sandwiched between China and India, formed a coalition cabinet including the Nepali Congress party and other smaller groups last year. He changed allies this month saying he was not given a free hand. ALSO READ: Historic Nepal elections significant for India, amid China’s overtures The new cabinet is dominated by the liberal Nepal Communist Party (UML) and includes several other smaller groups.

Maharashtra cabinet on Wednesday, March 13, approved the renaming of Ahmednagar district as Ahilya Nagar district. On the birth anniversary of Ahilya Bai Holkar on May 31 last year, Maharashtra Chief Minister Eknath Shinde had announced that the state government will rename its historic district to honour the revered figure. Maharashtra's Deputy CM Devendra Fadnavis had then said that Kashi wouldn’t have remained, had Ahilya Bai Holkar not been there.

Reserve Bank of India has directed Kerala-headquartered Federal Bank to stop issuing co-branded credit cards, a high-margin business for the bank. The bank received the regulatory direction Tuesday. The bank has three co-branded credit cards with partnerships with OneCard Scapia Technology Pvt. Ltd and FI Brand Pvt Ltd, targeting mostly the new generation customers. The bank on Wednesday said it is in the process of rectifying the areas that are deficient and will seek regulatory clearance prior to resumption of new issuance.

protests in Kerala against implementation of the Citizenship Amendment Act, the state cabinet, chaired by Chief Minister Pinarayi Vijayan, on Wednesday decided to pursue legal measures aligned with the state government's stance against the contentious law. According to an official statement issued by the Chief Minister's Office (CMO), the Advocate General has been tasked with initiating legal proceedings in the matter, further to the original suit that is before the Supreme court. «The state government has already filed an original suit before the Supreme Court under Article 131 of the Constitution. As the central government has proceeded with the notification of rules under the CAA, the state is preparing for additional legal action through the Supreme Court,» it said.

Lohum has raised Rs 450 crore ($54 million) in a primary funding round. Mumbai-based Singularity Growth Fund, which counts CaratLane founder Mithun Sacheti among its backers, led the round in which investors like Baring Private Equity, Cactus Venture Partners and Venture East also participated.

The S&P BSE Sensex plunged more than 900 points while the Nifty50 failed to hold on to 22,000 towards the close of the session.

heavy industries ministry on Wednesday announced a new scheme to promote e-mobility in the country with an outlay of Rs 500 crore for four months beginning April 2024. The new scheme is for 2-wheelers and 3-wheelers. The second phase of FAME-II or Faster Adoption and Manufacturing of Electric Vehicles in India programme ends on March 31, 2024. Announcing E-Mobility Promotion Scheme 2024 (EMPS 2024), Heavy Industries Minister Mahendra Nath Pandey said the Modi government is committed to promoting e-mobility in the country.

internet firms Zomato, Swiggy, Flipkart and Oyo have opposed the new regulations on digital competition proposed by a government-appointed committee to pre-emptively regulate abuse of antitrust laws. In a report submitted late Tuesday, the committee proposed a new digital competition law with an «ex-ante» framework to address potential abuse of dominance involving big tech companies. Prior to submitting the report, the Committee on Digital Competition Law had sought stakeholder comments.

Uday Kotak on Wednesday said Indian markets are not in a bubble. There may be some «early froth», and it may be a «little bubbly» but the markets are not out of control, Kotak said, speaking in the presence of top officials from Sebi in a conference organised by the capital markets watchdog. The statement from Kotak, the founder and non-executive director of private sector lender Kotak Mahindra Bank, comes two days after Sebi chairperson Madhabi Puri Buch had said that there are pockets of froth in the small and mid-cap stocks and the regulator is looking into the same to come out with a possible consultation paper.

Visa application volumes from Mumbai in 2023 registered a 30 per cent year-on-year growth, according to a report by VFS Global, closing in further to the pre-pandemic levels. When compared to the pre-pandemic numbers, visa application volumes from Mumbai reached 90 per cent of the 2019 levels. The demand pattern in Mumbai was in line with the overall growth trend registered in India, which saw a 16 per cent year-on-year in visa applications in 2023. In comparison to the pre-pandemic numbers, visa application volumes from India reached 93 per cent of the 2019 levels.