India Financial News

issue received bids for 22 lakh shares as against 51 lakh shares on offer. The IPO is entirely a fresh equity issue of 69.8 lakh shares and through the issue, the company aims to raise Rs 52 crore.

Nitin Gadkari emerged victorious in the polls from this constituency. Nagpur during the polls sees a battle between BJP, Congress and BSP. Rashtriya Swayamsevak Sangh (RSS) headquarters is also located in Nagpur. Nagpur Lok Sabha polls 2024: Dates The timing of the Lok Sabha Elections in Nagpur has considerable attention from both political analysts and the public. Initial speculations suggest that the polls may adhere to this customary schedule, likely occurring between April and May. However, precise details await official confirmation from the Election Commission of India (ECI).

Anurag Sud, head of Apax India, and the India investment team, to provide mentorship, strategic advice on operational input, and in assessing new investment opportunities, the firm added. Sud will continue to lead and manage day-to-day operations in India, with support from London-based partner Rohan Haldea, it said.

Confirm the lender’s registration: Authentic lenders operating in India are required to be registered with the Reserve Bank of India (RBI). Validate the legitimacy of the lender by visiting the RBI website and checking the “All Licensed Banks" section. - Compare interest rates and fees: Avoid accepting the initial offer you come across.

BENGALURU : India's aim to grow into a $10-trillion economy over the next decade will be fuelled by manufacturing in sunrise sectors such as semiconductors, electronics manufacturing, electric vehicles ecosystem, renewable energy and defence, according to a report by Boston Consulting Group and Matrix Partners. The report estimates that the market for electronics is about $500 billion while semiconductors will become a $120-billion market by 2030.

Vedanta-Foxconn joint venture, is expected to have an investment of around $20 billion. In a significant boost to India's efforts to establish a robust semiconductor ecosystem, Prime Minister Narendra Modi on Wednesday laid the foundation stones for three new chip manufacturing plants, two in Gujarat and one in Assam. The event, titled 'India's Techade: Chips for Viksit Bharat,' marked a milestone in the country's endeavour to ramp up its semiconductor industry.

SBI submits electoral bonds data: A timeline of what has happened so far The Act effectively replaced the Chief Justice of India (CJI) with a cabinet minister as one of the three members of the selection panel. President Droupadi Murmu gave her assent to the Act in December 2023.

Adani Enterprises and Adani Green witnessed heavy losses in the range of 5% to 10% on Wednesday. All ten Adani Group stocks were trading sharply lower with the flagship Adani Enterprises shares extending decline for the seventh straight session. Adani Enterprises was the top loser on the Nifty 50 index, dropping more than 6%.

Namo Bharat train crossing the Eastern Peripheral Expressway. He said the timeline gives a good perspective of the new India. “Great video…Your Timeline gives a good perspective of the new India we are building together," PM Modi wrote on the microblogging site.

Elon Musk says ‘AI will probably be smarter than any single human by next year’. How close are we to AGI? Announcing the update in a blog post, Google wrote: “Out of an abundance of caution on such an important topic, we have begun to roll out restrictions on the types of election-related queries for which Gemini will return responses.

Narendra Modi and Defence Minister Rajnath Singh congratulated the DRDO scientists for the successful test. “Proud of our DRDO scientists for Mission Divyastra, the first flight test of indigenously developed Agni-5 missile with Multiple Independently Targetable Re-entry Vehicle (MIRV) technology," PM Modi said. Several female scientists including one from the Defence Research and Development Organisation (DRDO).

50-day theatrical run. Fans have been looking forward to watching the movie 'HanuMan' on ZEE5 on March 8.

₹160 crore. The case pertains to the dispute around the sponsorship rights of the Indian cricket team’s jerseys.

BENGALURU , MUMBAI : The already overheated smallcap market may be in for more turmoil with apparent links to the Mahadev betting scam surfacing. The Enforcement Directorate recently seized the assets of several entities that it believes were used as vehicles to launder illicit money made from the illegal Mahadev Online betting app. Turns out that 13 smallcap companies valued at between ₹63 crore and ₹3,300 crore have more than 1% shares owned by at least four of these entities, according to a review of share ownership by Mint.

Lithium-ion battery pack maker and recycling firm Lohum on Wednesday said it has secured USD 54 million (Rs 450 crore) in a funding round from a bunch of investors. The investors who participated in the series B funding round of capital infusion include Singularity Ventures, Baring Private Equity, Cactus Venture Partners & Venture East amongst other new and existing venture firms, Lohum said in a statement. The company will use these funds to fuel its market expansion, scaling up recycling operations across India, and also expanding to new energy transition materials markets in North America, the EU, the Middle East, Africa, and Asia, it said. «The funds will expedite our international expansion, enable us to hire top professionals from talent pools in India, expand our strength, and provide fresh tailwinds to our industry-leading R&D innovation centre,» said Rajat Verma, Founder & CEO of Lohum.

rupee depreciated 5 paise to 82.85 against the US dollar in early trade on Wednesday, as the strength of the American currency in the international market and elevated crude oil prices dented investors' sentiment. Forex traders said the rupee is expected to trade with a slight negative bias on recovery in the greenback and concerns over elevated crude oil prices. However, a positive tone in domestic markets may support the rupee at lower levels. At the interbank foreign exchange, the rupee opened at 82.82 against the dollar and touched an early low of 82.85 against the greenback.

Rijac — India, known for its significant role in the global leather export market, has some concerns linked to its leather production. The fashion industry relies on the leather sourced from over 220 crore animals annually,with approximately 80 crore animals being processed in India.

Track prices here However, they have declined by Rs 879 or 1.3% from their all-time high of Rs 66,356 on fears that the interest rate could remain elevated for longer amid higher-than-expected consumer inflation numbers in the US.

Modi laid the foundation stone of the chip fabrication unit of Tata-Powerchip Semiconductor Manufacturing Corp at Dholera on March 13. He also inauguated the CG Power-Renesas outsourced assembly and test (OSAT) facility at Sanand (Gujarat) and the Tata OSAT unit at Morigaon (Assam). All three units were inaugurated virtually. On the occasion, the Prime Minister also addressed the youth across the country on the occasion. This is a historic day for India, the PM said, calling it a significant achievement and a first step towards a brighter future. The three projects had received Cabinet nod on February 29 this year.

The NSE Nifty index traded 86.5 points down at 22249.2, while BSE Sensex was down 142.56 points at 73525.4 as of 11:10AM(IST)on March 13.

Au Small Finance Bank Ltd.(up 1.17 per cent), ICICI Bank Ltd.(up 1.0 per cent), Kotak Mahindra Bank Ltd.(up 0.71 per cent) and HDFC Bank Ltd.(up 0.44 per cent) were among the top gainers.