India Financial News

Read the full story here.)Sensex Today Live : Airtel, Aditya Birla Capital, ITC, Indigo, Religare, SpiceJet, are some stocks likely to be in focus on Tuesday, March 12.Sensex Today Live : The Indian stock market indices are poised for a cautious start on Tuesday, taking cues from a mixed global scenario. The Gift Nifty trends suggest a slightly positive opening for the Indian benchmark index, trading around 22,445 levels, nearly 30 points higher than the previous close of Nifty futures.On Monday, domestic equity indices succumbed to weakness and closed lower, influenced by weak global indicators.

Bharti Airtel: The telecom major is anticipated to be the frontrunner in the forthcoming auction of eight spectrum bands, given that Reliance Jio has already made substantial acquisitions in the 2022 auctions and Vodafone Idea is currently grappling with financial constraints. The auction is scheduled to commence on May 20. Bharti Airtel is expected to renew its licenses for 42MHz of spectrum in the 1800MHz and 900MHz bands across six circles.

Sensex plunged 616.75 points to close at 73,502.64, while the Nifty 50 settled 160.90 points, or 0.72%, lower at 22,332.65. Nifty 50 formed a long bear candle on the daily chart, which indicates a reversal of the previous two sessions of upmove. Also Read: Indian stock market: 7 key things that changed for market overnight - Gift Nifty, crude oil to Bitcoin price rally “The present chart pattern on the daily chart signals a formation of bearish evening star type candle pattern, which indicates short-term top reversal for the markets.

edtech unicorn's ongoing liquidity concerns, arising from a dispute with investors regarding funds raised in a recently concluded rights issue offering, it added. Also Read | Byju's was in need of an experienced guide, says former SBI Chief Rajnish Kumar As part of the restructuring plan led by Byju's India CEO Arjun Mohan, the company has directed all employees to work from home indefinitely, excluding those operating from around 300 of Byju's Tuition Centres.

dismissed the State Bank of India's request for an extended deadline to provide electoral bonds data, SBI is now pressed for time to meet the apex court's orders by the end of working hours today (March 12). SBI's management has directed the overseeing department — the transaction banking marketing department based in Mumbai to "hurry up" and "complete the task at the earliest" to meet the SC's deadline, Moneycontrol reported citing sources.

The INDIA grouping took a fresh blow over the weekend as West Bengal’s ruling Trinamool Congress (TMC) left the Congress party in the cold on pre-poll seat sharing, announcing its own candidates for all 42 seats up for contest in the state in the upcoming Lok Sabha elections. This amounts to fresh evidence of deep internal differences within the group that have all along clouded its prospects of putting up a credible joint front against the Bharatiya Janata Party (BJP), which rules the country at the Centre. Earlier, the opposition Aam Aadmi Party (AAP) had said it would go solo in Punjab, although it did strike a seat-sharing pact with the Congress in Delhi.

The Supreme Court on Monday pulled up State Bank of India (SBI) for its delay in disclosing details related to electoral bonds. While rejecting SBI’s application for time until 30 June to submit the information, the apex court directed the bank to do it by Tuesday and have the data published on its website by Friday.

Stock market today: After trading in a narrow range on Thursday last week, the Indian stock market witnessed sharp profit booking and closed lower on Monday. After climbing to a new peak of 22,526 level, the Nifty 50 index lost 160 points and closed at the 22,332 level, the BSE Sensex dipped 616 points and ended at the 73,502 mark whereas the Bank Nifty index nosedived 507 points and finished at 47,327 level. In the broad market, the small-cap index fell more than the Nifty 50 index even as the advance-decline ratio fell to 0.24:1.

Buy or sell stocks: After showing a narrow range movement on Thursday, the Indian stock market witnessed sharp profit booking and closed lower on Monday. After climbing to a new peak of 22,526 level, the Nifty 50 index lost 160 points and closed at the 22,332 level, the BSE Sensex dipped 616 points and ended at the 73,502 mark whereas the Bank Nifty index nosedived 507 points and finished at 47,327 level.

Prime Minister Narendra Modi's visit to the picturesque Lakshadweep Islands has drawn attention to the process of applying for ILPs. This Union Territory, an idyllic paradise off the coast of Kerala, necessitates permits for all travellers, including Indians, to manage tourism numbers on these remote islands. Obtaining a permit requires submitting a clearance certificate from a local police station, along with identification documents, while online applications are also facilitated.

Dwarka Expressway by Prime Minister Narendra Modi is expected to boost real estate prices in this part of Gurgaon, said real estate experts. Developers including Sobha, Raheja, Signature Global, M3M, Godrej and Hero Realty have projects along the corridor and some of them are planning to launch more projects as infrastructure development is expected to generate more demand. «With the expressway now complete, we are witnessing a promising downturn in unsold inventory levels in these sectors, from a significant 25-30% eight to 10 years ago to a mere 7-8% now,» said Anshuman Magazine, chairman, India, South-East Asia, Middle East & Africa, CBRE.

Quiver Quantitative — The recent surge in stock speculation in India, highlighted by an unprecedented volume of equity options contracts traded, is drawing global attention for its sheer scale and potential implications. In 2023, India astonishingly accounted for 78% of the global equity options market, with the National Stock Exchange witnessing a 153% increase in stock index options traded, reaching 84.3 billion contracts.

Modi government notified the Citizenship (Amendment) Act's (CAA) rules, preparing for its implementation. With this move, GoI makes it easier for minorities from neighbouring countries who came to India before December 31, 2014, to become citizens of this country.

Vinesh Phogat on Monday made the cut for Asian Olympic Qualifiers in the 50kg category after being allowed to fight in an unprecedented two weight divisions during the trials where she held up proceedings for almost three hours. Phogat, who has been at the forefront of an emotionally-charged protest against former Wrestling Federation of India chief Brij Bhushan Sharan Singh after accusing him of sexual harassment, defeated Shivani 11-6 to book a place in the Qualifiers to be held in Bishkek, Kyrgyzstan from April 19 to 21. The 29-year-old is a two-time Olympian and an Asian and Commonwealth Games gold-medallist.

Bharti Airtel's managing director Gopal Vittal has called on the telco's 19,000-odd employees, including senior executives, across India to cancel all business meetings on Tuesday and spend the entire day on the field with customers to get a fix on service challenges they face, even as the Sunil Mittal-led telco readies to launch 5G services nationally by the month-end. The exercise is part of a national brand-building drive to position Airtel as a customer-obsessed telco that is keen on eliciting direct market feedback from its target audience on the state of its 2G, 4G and 5G mobile operations as well as home broadband services. «These interactions will help us understand customer needs on a deeper level. Tomorrow (March 12) is also an opportunity for you to discover first-hand what challenges our frontline staff face and how they serve customers,» Vittal wrote in an internal email communication to all Airtel employees Monday. ET has seen a copy of the Airtel MD's letter.

Tata Motors, which harnessed increasing demand for electric cars to reclaim automotive market-capitalization leadership in India, has urged New Delhi to extend incentives on electric taxis for another three years and also include personal cars in the government's flagship demand support program FAME, citing global EV leader China's example. Tata Motors, which has seen a near-six-fold surge in its stock price through the past five years that helped establish its domestic EV leadership credentials, wants New Delhi to help replicate an enabling environment similar to that in Beijing that has pledged to support adoption of EVs until unit sales touched at least a fifth of all new cars sold. «Globally, major economies (China, Germany) have continued to support EV adoption with demand subsidies until achievement of at least 20% EV adoption,» Shailesh Chandra, managing director, Tata Passenger Electric Mobility and Tata Motors Passenger Vehicles, said in the letter dated March 9. «The Parliamentary Standing Committee on Industry had also recommended in 2023 that the Government broaden the scope and extend FAME by at least three more years to make the scheme more inclusive,» Chandra said in the letter, a copy of which has been seen by ET.

On Sunday, India signed the India-EFTA Trade and Economic Partnership Agreement, our first trade deal with any Western nation or group. It was signed with the European Free Trade Association (EFTA), which comprises Iceland, Liechtenstein, Norway and Switzerland. It’s an innovative and well-balanced pact that covers two-way trade in goods and services as well as bilateral investments.

₹16.82 lakh and ₹20.29 lakh (ex-showroom Delhi). The Creta N Line is powered by a 1.5-litre Turbo GDi Petrol engine with a six-speed manual transmission and seven-speed Dual Clutch Transmission (DCT).

MUMBAI : British American Tobacco (BAT) Plc is preparing for its long-awaited stake sale in ITC Ltd in the next two weeks, two people aware of the matter said. The British multinational plans to sell 4% in the Indian company at ₹380-390 per share, a 5-8% discount to Monday’s closing price of ₹409, the people said on condition of anonymity. Around 499 million shares worth around ₹20,000 crore (over $2.4 billion) are expected to change hands, in the biggest block deal since 2021 when Bosch Ltd saw block deals of ₹29,000 crore for 19.98 million shares.

Citizenship Amendment Act, 2019 before Lok Sabha polls, the central government notified the CAA-19 rules on Monday. With the implementation of the CAA, non-Muslim migrants from Bangladesh, Pakistan and Afghanistan can easily get Indian citizenship. The law applies to all the people who came from the three countries on and before December 31, 2014.

₹16.82 lakh ex-showroom, the company said on Monday. Tarun Garg, chief operating officer, Hyundai Motor India, said that the Creta N Line will feature a 1.5-litre turbo engine not available in the standard Creta. The model will have a tuned suspension to further enhance its performance, rear disc brakes and 18-inch alloy wheels to appeal to performance-oriented customers.