India Financial News

₹50,000 price segment. Notably, the two smartphones have already been launched in Germany via the Otto retail website, giving a glimpse of the possible specifications that could be found on the Indian variant.

Stock market today: Despite strong global cues on a possible US Fed rate cut buzz, the Indian stock market remained range-bound on Thursday last week. The Nifty 50 index added 19 points and closed at the 22,493 level, the BSE-sensitive index Sensex went up 33 points and ended at the 74,119 mark whereas the Bank Nifty index finished 129 points lower at 47,865 level. However, the broad market witnessed buying interest as the small-cap index went up 0.70 percent while the mid-cap index shot up 0.39 percent.

Also Read: Real Estate: How can you maximise wealth with MSM REITs investments? Why are you interested in purchasing a second home? Is it for a vacation getaway, an investment property, a place to retire, or some other reason? This decision will greatly influence where you choose to buy, what type of property you choose, and how much you can afford. According to a research study conducted by 360 Realtors, the demand for second homes or holiday homes in India has significantly increased in the wake of the pandemic.

South African Cheetah 'Gamini' has given birth to five cubs at Kuno National Park in Madhya Pradesh's Sheopur. An announcement in this regard was made by Union Minister for Environment, Forest and Climate Change Bhupender Yadav on Sunday. The Union Minister said that the total number of Indian-born Cheetah cubs has gone up to 13.

Core Foundation has announced a $5 million innovation fund to promote India’s Web3 communities. The move comes at a time when the country is fast emerging as a global hub for web3 innovation.

Sensex gained 33.40 points to close at 74,119.39, while the Nifty 50 settled 19.50 points, or 0.09%, higher at 22,493.55. Nifty 50 formed a small negative candle on the daily chart with a minor lower shadow. Also Read: Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, Japan’s GDP to China inflation “Technically, this pattern indicates breather type formation post sharp upside breakout of Wednesday.

Sensex gained 33.40 points, or 0.05%, to close at 74,119.39, while the Nifty 50 settled 19.50 points, or 0.09%, higher at 22,493.55. Market participants will now look out for several stock market triggers as the focus will shift to crucial economic data, such as inflation data releases from both India and the US, electoral announcements ahead of General Elections 2024, foreign capital inflow and other global cues. Read here: Week Ahead: Inflation data, FII activity, global cues among key market triggers as Nifty 50 eyes 22,800 this week “Investors will take cues from the outcome of the ECB interest rate meeting and US Non-Farm Payroll data.

Buy or sell stocks: Despite strong global cues on a possible US Fed rate cut buzz, the Indian stock market remained range-bound on Thursday last week. The Nifty 50 index added 19 points and closed at the 22,493 level, the BSE-sensitive index Sensex went up 33 points and ended at the 74,119 mark whereas the Bank Nifty index finished 129 points lower at 47,865 level.

investment scheme that enables direct investment in infrastructure projects to earn a small portion of income as return. 2.InvIT invests in assets that generate cash flow, such as roadways, highways and other high-value infrastructural projects. 3.The objective of InvIT is to promote the infrastructure sector of India by encouraging more investment.

investment decision. BASIC FACTS DATE OF LAUNCH 7 SEPTEMBER 2010 CATEGORY

Stock split 2024: Shares of OK Play India Ltd will be in focus when the stock market opens on March 11 (Monday). The Board of Directors of OK Play India has declared stock split from one ₹10 per equity share into ten of ₹1 per equity share for its eligible shareholders. The record date by the company to ascertain the eligibility of shareholders for the stock split issue has been fixed on March 11.

Indian stock market today: A total of 5 stocks have been banned for trade on Monday, March 11, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

investors who are mulling putting money in the government's share sale of NLC India, one of the top stock performers in the past year, on Monday. Concerns over rich valuations of most state-owned companies may keep share gains under check in the near term, they said. Investors could, however, consider purchases of NLC shares on further declines. On the first day of the offer for sale (OFS) on Thursday, the non-retail investor category was subscribed 2.92 times. The government is selling as much as 97 million shares (including the green shoe option) in the OFS and has set the floor price at ₹212 a share. The stock fell 3.3% to ₹219.10 on Thursday.

general elections shall impact the sales of laptops, desktops and other IT hardware in the first half of 2024 as the government will slow down IT procurement spending, industry experts told ET. In the commercial segment, IT hardware sales in the first half of the calendar year are expected to remain flattish at the year-earlier levels of about 2.9 million units which was already comparatively weak, according to data from market tracker firm International Data Corporation (IDC). When compared to the first half of calendar year 2022, the segment might see a decline of 24%, IDC said. Consumer sales might also follow a similar pattern as sales might drop by 17% to 3.4 million units when compared to the first half of 2022, IDC predictions showed.

Leena Nair. Reflecting on her journey, she said, «Over the past decade, residing in London, I've been increasingly exposed to luxury brands. My first exquisite Chanel bag remains one of my most cherished possessions. Now, my life has transformed, attending numerous fashion shows across the world.»

ARCs) are lining up for the bankrupt ACCIL Corp's ₹270 crore debt in what is turning out to be a rare 100% recovery for banks. The asset in question is an ACCIL-owned hotel in Jaipur, which has been put on block by lenders to recover their dues. Last month, Omkara ARC beat competitor Asset Reconstruction Company of India (Arcil) with a ₹38 crore cash offer to Chennai-based Indian Bank in a Swiss challenge. Separately, Arcil has emerged as the preferred bidder to take over the ₹113 crore debt owed to Union Bank of India, the lead lender in the case.

government is equipping more than 100 colleges with electronic design automation (EDA) tools from Siemens EDA, Synopsys and Cadence, as part of efforts to prepare talent for the country’s developing semiconductor ecosystem. The country heads of these chip design software companies told ET that training with these tools ensures that students are industry-ready when they graduate.

Oscars 2024 LIVE Updates: The 96th annual Academy Awards are scheduled to take place on March 10 at the Dolby Theatre at Ovation Hollywood in Los Angeles. Jimmy Kimmel returns as host for the fourth time, joined onstage by an all-star list of presenters.

Trinamool Congress announced candidates for all 42 Lok Sabha seats in West Bengal striking a fine balance by fielding 12 women, 10 SCs, 3 STs, 2 OBCs while 16 candidates, including MPs and MLAs, have been repeated. Around 11 new faces have been brought in. Sons of the soil, adivasis, gorkhas, Rajbonshi, Matuas, minority community and women have been given representation. The biggest surprise was Indian cricketer Yusuf Pathan. Party chief Mamata Banerjee walked up the platform with all the 42 Lok Sabha candidates at the Brigade Ground rally on Sunday. Abhishek Banerjee, who will be contesting from the Diamond Harbour constituency, announced the name of former cricketer and IPL player Yusuf Pathan who will be contesting from Baharampur. Trinamool Congress has made it tough for Congress state president Adhir Ranjan by fielding the former cricketer against Adhir Ranjan in Baharampur. Trinamool usually puts up strong candidates in Malda and Murshidabad, both Congress strongholds. Former IPS officer from West Bengal cadre, Prasun Banerjee whose last posting was as DIG Raiganj Range (as IGP), will contest from Malda North.

National Asset Reconstruction Company of India (NARCL) has proposed to acquire the debt of Jaiprakash Associates from banks for ₹10,000 crore, making it the largest offer made so far by the government-backed asset reconstruction company (ARC) that started operations just over two years ago. If a majority of lenders sell their debt, ARC will acquire the cement, hospitality, real estate, fertiliser and construction businesses of Jaiprakash Associates Ltd (JAL) — a flagship company of the Manoj Gaur-promoted Jaypee Group, said people with knowledge of the matter. In fiscal 2023, NARCL acquired 62%, or ₹9,234 crore, of Jaypee Infratech's debt, offering lenders a 39% recovery following an uncontested Swiss challenge auction.

buyout funds KKR, Carlyle, EQT, Hillhouse and TA Associates are competing against each other to buy out Healthium Medtech, the largest homegrown surgical sutures manufacturer, also the largest manufacturer of surgical needles globally by volume, in what is turning out to be the fiercest bidding process of the year. Healthium (formerly Sutures India), 99.8% owned by Apax Partners is the fourth largest surgical suture manufacturer in the world with a market share of about 18% in India. These funds were shortlisted this weekend after the first round of screening based on non-binding bids submitted last week which largely value the company between Rs 6300 crore to Rs 6500 crore. A formal sale process was launched earlier this year with Jefferies mandated to sell the company with close to two dozen funds including Blackstone, Partners Group, Canadian pension funds, picking up the information memorandum and signing non-disclosure agreements.