India Financial News

Electronics & IT (MeitY) has been working aggressively on multiple areas, particularly, to boost domestic semiconductor industry, and the use of artificial intelligence (AI) responsibly. In an interaction with ET's Muntazir Abbas, MeitY secretary, S Krishnan, a 1989 batch Indian Administrative Service (IAS) officer of the Tamil Nadu cadre, who took over barely six months back, is at the helm of many prestigious initiatives, and in an exclusive interaction talks on semiconductor ecosystem, mobile components manufacturing, deepfakes menace, and implementation of the Digital Personal Data Protection (DPDP) Act 2023. Edited excerpts Let’s begin with the government's semiconductor ambition. Now, you have biggies like Micron and Tata, so what's next, and how are you looking at design in India?

TVS Motor has approved an interim dividend of Rs 8 apiece, which is about 800% of the face value, for the year ending March 2024. The dividend payout will cost the company about Rs 380 crore. The interim dividend declared will be paid to those shareholders, who hold shares in physical form or electronic form and whose names appear in the register of members as on the record date.

US Embassy in New Delhi processed more than 1,000 visitor visa applicants for interviews during the 'Super Saturday' drive. The US Ambassador to India Eric Garcetti joined the embassy team to support the surge and assist in the fingerprint verification process, according to a press release from the embassy. 'Super Saturday' drives, initiated sporadically since 2022, are set to become a quarterly feature going forward.

TOI. The window to file nominations will open at 9:30 am and close by 5:00 pm on Friday, March 16.

Also Read: T+0 settlement to begin by March 28 on optional basis, says Sebi Chairperson Madhabi Puri Buch: Report Shares of small- and medium-sized companies have powered the record rally in Indian shares in the past year, with funds focused on these stocks getting nearly 40% of net equity inflows of $19.5 billion in 2023. A gauge of small-cap stocks dropped as much as 1.7% on Monday, the biggest intraday slide since March 6.

Read here: Sebi’s T+0 settlement plan will boost liquidity, but analysts warn of impact on brokers’ business model In the first phase, an optional T+0 settlement cycle for trades till 1:30 pm is envisaged, with the settlement of funds and securities to be completed on the same day by 4:30 pm. In the second phase, an optional immediate trade-by-trade settlement will be carried out for trades till 3.30 pm.

Deccan Herald (DH) report, IT professional working at multinational companies have been moving back to their hometowns. Citing the example of a resident of Bengaluru's Ayyappa Nagar, Sumantha, the DH report said that he and his wife faced severe shortage of water, despite paying hefty rent. "The water crisis forced us to move temporarily.

Kalyan Jewellers, one of India's largest jewellery companies, has witnessed a remarkable surge in its stock price since April 2023, consistently reaching new record highs each month. This impressive performance is largely attributed to a significant increase in gold prices, resulting in improved price realisation, improved financial performance in recent quarters, and a strong emphasis on expanding its market presence. Starting from ₹102.95 apiece in April last year, the company's shares have surged by 284% to reach the current value of ₹395 per share.

Bru Finance is a decentralized finance (DeFi) protocol focused on real-world assets, particularly in emerging markets like India. It is the first and currently the only live DeFi protocol targeting the Indian market. Over the years, it has been deeply involved in blockchain lending in India and now has expanded into decentralized finance as well. Here's what you all need to know about DeFi with Ashish Anand, Founder of Bru Finance:

₹25,000 price segment. The Nord CE 4 launch comes months after OnePlus launched its flagship OnePlus 12 series smartphones in the country.

Gautam Adani is excited by United States-based chipmaker Qualcomm's plans for India, he said on social media platform X (formerly known as Twitter), on March 11. In his post, Adani said he met with Qualcomm CEO Cristiano R Amon and added that the company's vision and plan for artificial intelligence (AI), emerging technologies and semiconductors in India "inspired" him. "Great meeting with Qualcomm CEO @cristianoamon & his leaders! Inspiring to hear his vision for semiconductors, AI, mobility, edge appliances and much more across different markets.

In February, the life insurance sector witnessed a surge in its overall annualized premium equivalent (APE), growing 25% year-on-year, marking the highest growth rate observed in at least the past 13 months. This increase was predominantly led by the private sector, which posted a growth rate of 22%, with significant contributions from leading companies such as HDFC Life Insurance Co Ltd, ICICI Prudential Life Insurance Co Ltd, Max Life, and SBI Life Insurance Co Ltd.

cricket series in India. England began with a win, showcasing an aggressive style known as “Bazball". Yet, they faced defeat in the next four matches.

NEW DELHI : India and Italy are set to sign an extradition treaty as the two countries seek to repair their bilateral relations that were waylaid by the 2012 killing of two Indian fishermen by Italian marines. The extradition treaty will make it easier for both countries to counter crime and improve cooperation between their law enforcement agencies, said people aware of the developments. The final text of the extradition treaty has been approved by the MEA and the ministry of home affairs, with the law ministry examining it for the Union cabinet’s approval, these people said.

Mahindra Thar now flaunts an expanded spectrum of five exterior shades, embracing the vibrant hues of Red Rage, Deep Grey, Stealth Black, Everest White, and Desert Fury. On the parallel front, the Scorpio Classic welcomes Stealth Black to its collection, joining the existing options of Galaxy Grey, Everest White, and Molten Red Rage, offering a palette as diverse as the terrains these SUVs are designed to conquer.

Ola Electric clearly leads India’s electric two-wheeler market. The company accounted for more than 42% of the market in February, having gained the most market share from the previous month (about 277 basis points), according to BNP Paribas Securities India. One basis point is 0.01%.

IPO) of namkeen maker Gopal Snacks has been getting steady responses from investors on Monday, the third day of the bidding process with an overall subscription of 2.6 times. The issue received over 3 crore consolidated share bids around this time against 1.19 crore shares on offer. The retail portion was booked the most at 5.48 times, followed by non-institutional investors' at 4.14 times.

Election Commission held a briefing here in the national capital on Monday for all its observers for the General Election to Lok Sabha and General Election to Legislative Assemblies 2024. Chief Election Commissioner Rajiv Kumar will address the meeting, according to sources. The aim of the meeting for over 2000 observers is to streamline strategy to ensure that the model code is implemented during the elections. The observers will monitor polls to ensure the process is «free and fair.»

The upcoming Lok Sabha Elections in Kerala hold significant importance for both INC and NDA. Rahul Gandhi, the possible face of Congress for the Prime Minister's position, represents the Wayanad constituency of Kerala, emphasizing the state's significance for the party. On the other hand, NDA aims to alter its positioning in Kerala, aspiring to establish a stronger presence in the state during the 2024 General Elections. Kerala boasts the highest voter turnout in comparison to any other state, underscoring the necessity for political parties to connect effectively with its people.

PhonePe and Google Pay in the UPI market has renewed the debate about charging fees on merchant transactions. While the government has previously denied plans for UPI fees, recent discussions suggest a shift. According to a report by Times of India, fintech companies are raising concerns about the lack of revenue in UPI despite customer acquisition costs. They argue that a system like credit cards, with merchant discount rates (MDRs), is needed for long-term sustainability. “Zero MDR (merchant discount rate) eating up business models was a point raised in the meeting with FM,” a fintech executive who attended the meeting, told TOI.

Congress party leader KC Venugopal on Monday lauded the Supreme Court's order dismissing SBI's plea seeking extension till June 30, 2024, to furnish details regarding electoral bonds. In a post on X (formerly Twitter), he wrote, «The Supreme Court has once again come to protect Indian democracy from the devious machinations of this regime. It was laughable for the SBI to seek an extension on a simple 1 day job. The fact is that the government is scared of all their skeletons tumbling out of the closet. This mega corruption scandal, as certified by the Supreme Court, will expose the unholy nexus between the BJP and its corrupt corporate masters.» The post was also shared by senior Congress leader Jairam Ramesh.