India Financial News

₹17,484 crore ($2.11 billion). BAT, which holds over 29% in the cigarettes-to-hotels conglomerate, will sell the shares at ₹384–400.25 each, implying a 4–5% discount to ITC’s Tuesday closing price of ₹401.90 on the NSE. ITC shares fell 1.83% earlier in the day, while the benchmark Nifty index closed unchanged.

Also Read: Hyderabad's Chaithanya Madhagani murdered in Australia by spouse; body dumped in bin, details here Even after India's independence on August 15, 1947, Hyderabad did not get independence and continued to remain under the rule of the Nizams for 13 months, the Union Home Ministry said in a notification on Tuesday. The city was liberated from Nizam's rule on September 17, 1948, after a police action namely 'Operation Polo'. Also Read: ‘Owaisi represents 140 crore Indians, not just minorities’, says Telangana CM Revanth Reddy "Now to remember the martyrs who liberated Hyderabad and to infuse the flame of patriotism in the minds of youth, the Government of India decided to celebrate the 17th day of September every year as 'Hyderabad Liberation Day'," the notification read.

India Inc. is beginning to juggle different kinds of stock options as attracting and retaining top talent over a long period becomes tougher. Companies are creating hybrid forms of stock options instead of plain-vanilla ones.

Also Read: Here are ‘key issues’ that the Citizenship Law may solve To allay fears of discrimination against Muslims in India, the MHA released a statement saying 18 crore Indian Muslims have equal rights like their Hindu counterparts and no citizen would be asked to produce any documents to prove his citizenship. "Indian Muslims need not worry as CAA has not made any provision to impact their citizenship and has nothing to do with the present 18 crore Indian Muslims, who have equal rights like their Hindu counterparts.

Election Commission has amended a key rule relating to the allocation of party symbols to make it applicable in the Union Territory of Jammu and Kashmir. A notification issued by the poll panel on Monday said Election Symbols (Reservation and Allotment) Order, 1968 stands amended and will come into force with «immediate effect». Till the time Jammu and Kashmir was a state, it had its own version of the Representation of the People Act, 1951 and the law applicable elsewhere in country was not applicable there. Later, provisions of Article 370 of the Constitution were abrogated and Jammu and Kashmir was divided into two Union territories in 2019.

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday said Prime Minister Narendra Modi must be re-elected in the upcoming Lok Sabha polls to achieve the goal of a developed India. Addressing a function at the Indira Gandhi Pratishthan here, Adityanath said India cannot develop without Uttar Pradesh making progress and asked the state's municipal bodies to become self-reliant. «For a developed India, there should be a developed UP and for this, every municipal body should achieve the goal of self-reliance and ease of living,» Adityanath said. To achieve the goal of a developed India, the Narendra Modi government is needed once again in 2024, he added.

BAT Plc on Tuesday said in a statement that its wholly-owned subsidiary Tobacco Manufacturers (India) Ltd will sell around 3.5% stake in ITC Ltd to institutional investors by way of a block deal and has launched the process. BAT said after the completion of the proposed block deal, BAT will continue to remain a significant shareholder of ITC with around 25.5% holding. BAT wanted to have more than 25% shareholding in ITC to have a strategic influence and veto rights in the company, chief executive Tadeu Marroco had said in December.

government on Tuesday banned the Jammu Kashmir National Front led by Nayeem Ahmad Khan under the Unlawful Activities (Prevention) Act. In an order, the Ministry of Home Affairs declared the JKNF, a constituent of the hardline Hurriyat Conference, an "unlawful association" with immediate effect. The government said the JKNF has been «indulging in unlawful activities, which are prejudicial to the integrity, sovereignty, and security of the country.» It said members of the JKNF have remained involved in supporting terrorist activities and anti-India propaganda for fuelling secessionism in Jammu and Kashmir and providing logistic support to terrorists in the Union territory.

India negotiate lower prices for Russian oil as it deepens sanctions on tankers carrying the petroleum above Western price caps, President Joe Biden's energy envoy said on Tuesday. Washington imposed sanctions late last month on Russia's leading tanker group Sovcomflot on the two-year anniversary of Moscow's full scale invasion of Ukraine. It also designated 14 crude oil tankers as property in which Sovcomflot had an interest. That led to concerns in India of a potential dent in Russian oil sales to India, the biggest buyer of Russian seaborne crude, and that the fresh sanctions could complicate efforts by Indian state refiners to secure annual supply deals, Reuters reported late last month.

Nayab Singh Saini belongs to the OBC community in Haryana. So, the move to make him the CM could be seen as a way for the BJP to set the caste-equation right and make inroads in the vote share among the OBCs. The BJP had replaced Om Prakash Dhankar with Saini as the Haryana party chief in October, a move then seen as an attempt to strengthen its hold on the OBC community.

Mint explains why. Firms building AI models, large language models and generative AI applications should ensure their platforms don’t generate “unlawful content" that violates the IT Act of 2000. It asked firms to not “permit any bias or discrimination or threaten the integrity of the electoral process." It said “under testing/unreliable" models would need “explicit permission" of the Centre—and a ‘consent popup’ would be mandatory for such AI applications.

Aditya Birla Capital (ABC) is set to merge with its wholly-owned subsidiary arm Aditya Birla Finance Ltd (ABFL) on which shares of the financial services company picked an uptrend rising almost four per cent to hit an intra day high of ₹190.65 earlier today. Domestic brokerage firm JM Financials has reiterated its ‘buy’ rating on the Aditya Birla Group stock and sees a potential upside of 33 per cent at a revised target price of ₹240 in the 12 months from current levels.

UAPA for five years. The Ministry, in the notice, issued on Tuesday evening said that the Front is indulging in unlawful activities, which are prejudiced to the integrity, sovereignty and security of the country.

MUMBAI : It was such a joy to catch One Day (a recent romantic drama)—it seemed so original and refreshing despite being an adaptation," Srishti Singh, a Delhi-based college professor, told Mint, explaining why she likes shows on streaming platform Netflix. “Then I have all-time favourites like The Crown," she added. Singh liked the sixth season of the historical drama on the British royals so much that she even pushed Neha Sharma, her childhood friend, to watch it.

₹480 crore and arrested its six Pakistani crew members on Tuesday, the Narcotics Control Bureau (NCB) said in a release. Based on specific intelligence, a joint team of the Indian Coast Guard, Narcotics Control Bureau and Gujarat Anti-Terrorist Squad (ATS) conducted an operation under codename “SAGAR-MANTHAN -2" in the Arabian Sea near the International Maritime Boundary Line (IMBL) on March 8.

₹130 per annum on the company's revenue from transaction charges. According to market experts, the NSE's move could potentially drive up volumes, especially at a time when stock markets are hitting record highs driven by foreign capital and economic growth, with high volumes in stock options trading drawing a large number of retail investors.

₹8,500 crore. Further, the roadmap to add over 9 GW of renewable energy capacity also comes at a time when Coal India and its subsidiaries have forayed into thermal power generation amid growing demand for power.

Vaibhav, Assam Congress leader Gaurav Gogoi and Nakul Nath, the son of former Madhya Pradesh chief Minister Kamal Nath. The Congress' second list revealed candidates for 12 seats in Assam, seven seats in Gujarat, 10 seats in Madhya Pradesh and Rajasthan each, three seats in Uttarakhand and one seat in Daman and Diu. The Congress is contesting the Lok Sabha elections in partnership with INDIA bloc allies.

March 11, Bengaluru: Gameskraft Technologies Pvt Ltd., one of India’s leading skill-based online gaming companies, today announced its plan to continue with its CSR initiatives geared towards skill-building and education. Gameskraft has roped in leading firms Deloitte India and Khaitan & Co. to advise in the space of education.

$6 billion in intercity cab services underscoring the country's robust demand and vast opportunities. Within this dynamic domain, the intercity cab segment emerges as a crucial player, facilitating connectivity and convenience across India's sprawling urban and rural landscapes. It's in this highly competitive and fragmented market in which Savaari Car Rentals has carved out a niche.

Festival goers were in for a magnetic new experience that was steeped in fashion and style. The evening hosted a stunning fashion show curated by maestro designer Varun Bahl and an innovative showcase called Fashion NXT Spotlight curated by Fashion Design Council of India with 9 leading Indian designers – Alpana Neeraj, Bloni, Antar Agni, Mandira Wirk, Geisha Designs, Verandah, Shweta Kapoor, Tanieya Khanuja and Nitin Bal Chauhan.