India Financial News

Akhilesh Yadav's statement regarding Prime Minister Narendra Modi, claiming the party is going to win again and the "hooliganism" of the Samajwadi Party is going to lose again. Uttar Pradesh Deputy Chief Minister and senior BJP leader Keshav Prasad Maurya warned the Samajwadi Party (SP) chief in a post on social media platform 'X' «SP chief Shri Akhilesh Yadav ji should keep in mind that Prime Minister Shri Narendra Modi ji is the most popular leader not only in India but in the world,» Maurya said in his post. «The BJP won the 2014/2017/2019 and 2022 elections (Lok Sabha-Vidhan Sabha) and is going to win 2024 also. The SP's hooliganism is going to lose again. India will not tolerate Modi ji's insult,» he said.

TMC declared candidates from all Lok Sabha seats in West Bengal, the Congress on Sunday said its doors are open for an alliance till the withdrawal of nominations and maintained that any agreement has to be finalised through negotiations and not by unilateral announcements. Trinamool Congress (TMC) supremo and West Bengal Chief Minister Mamata Banerjee at a public rally in Kolkata announced the names of 42 candidates for the Lok Saba election in the state. «Our doors are always open and an alliance can happen anytime before withdrawal,» Congress president Mallikarjun Kharge said over the development. Congress general secretary Jairam Ramesh also said that the Indian National Congress has repeatedly declared its desire to have a respectable seat-sharing agreement with the TMC in West Bengal.

Terminal 1 of Delhi Airport to the nation, the GMR-led DIAL has prepared to operationalize the revamped Terminal 1, the GMR group said. Prime Minister Narendra Modi on Sunday inaugurated 15 airport projects, including 12 new terminal buildings of almost worth Rs 10,000 crore in Uttar Pradesh's Azamgarh, marking the event to be the single biggest infra addition that will see a mix of new airports, expanded terminals, laying of foundation stones for upcoming airports and other related facilities. The project launched by PM Modi includes 12 new terminal buildings of Pune, Kolhapur, Gwalior, Jabalpur, Delhi, Lucknow, Aligarh, Azamgarh, Chitrakoot, Moradabad, Shravasti and Adampur Airports, along with laying of the foundation stone for new terminal buildings of Kadapa, Hubballi and Belagavi airports on Sunday.

One evolving trend in the wealth management industry is the fast pace at which wealth is created in India. In today’s scenario, this wealth creation is happening in the case of new-age businesses, first-generation entrepreneurs, technology entrepreneurs, senior corporate heads, and professionals and is not restricted to traditional business houses. 

India signed a free trade pact on Sunday with a group of European nations — Switzerland, Norway, Iceland and Liechtenstein — committing to reduce tariffs, while New Delhi receives $100 billion in investments over the next 15 years. India and the members of the European Free Trade Association (EFTA) held 21 rounds of talks over 16 years to clinch the broad-based Trade and Investment Agreement. Here are key facts about the trade pact:

equity mutual funds showed. PSU funds offered the highest average return of 21.72% in 2024 so far. There were around five schemes in the category and these schemes also offered double-digit returns in the year-to-date horizon. CPSE ETF, the topper in the category, offered 25.53% this year. ICICI Prudential PSU Equity Fund offered 22.89%, followed by SBI PSU Fund which gave 20.22%.

competition law provision to impose penalties based on a company's global turnover will act as a deterrent to more egregious violations, encourage entities to opt for commitments and settlements and help in faster corrective measures, according to experts. With the amendments coming into force, the Competition Commission of India (CCI) now has the power to impose a penalty of up to 10 per cent of a company's global turnover for competition law violations. The provision could have a larger impact on companies having multi-products or multi-services and also assumes significance as cases related to digital markets are being probed by the CCI. The watchdog will have the discretion on whether to impose penalties based on the global turnover or on the relevant turnover of a particular company that has violated competition norms.

England Test coach Brendon McCullum's nickname Baz, fell flat as the tourists capitulated in three days in the fifth and final Test here, helping India secure their 17th straight Test series triumph on home soil. «We just get lost with this term Bazball. The team, the management does not like the term Bazball. They need to look at their own individual performances,» Hussain, who led England in 45 Test matches from 1999 to 2003, wrote in his column for Sky Sports. He added, «Look at the opposition. Like in anything in life, try and learn. Why did we collapse?

₹71,301.34 crore, with Bharti Airtel leading the pack as the top gainer. In an unprecedented rally, the BSE benchmark climbed by 374.04 points or 0.50% last week, setting new records. Markets remained closed on Friday for Mahashivratri festivities.

DD News, Priya Kumar. Manoj Kumar said that this initiative of DD News and Khadi India will also send a message to those who do not want to wear Khadi, while addressing the program. While praising DD News for its innovations in the media landscape, he said that the journey of Khadi has to be taken further under the leadership of Prime Minister Narendra Modi.

Sarfaraz was fielding at forward short leg and Kuldeep Yadav was in the attack for India. Kuldeep bowled a brilliant delivery that almost took Bashir's wicket had the batsman not put his bat down in time.

Brigade Ground. West Bengal Chief Minister Mamata Banerjee and TMC supremo Mamata Banerjee is likely to announce the names. The rally is being led by party's national general secretary Abhishek Banerjee.

India and four-nation European bloc EFTA on Sunday signed a free trade agreement to help promote investments and exports of key domestic services sectors such as IT, audio-visual, and movement of skilled professionals. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. Union Minister Piyush Goyal, quoting PM Narendra Modi, said, «Despite structural diversities in many aspects, our economies possess complementarities that promise to be a win-win situation for all nations. With the opening up of enormous trading and investment opportunities, we have reached a new level of trust and ambition. The trade agreement symbolizes our shared agreement to open fair, equitable trade, as well as generate growth and employment for the youth.»

India has solidified its leading position in the World Test Championship (WTC) rankings, securing a resounding innings and 64-run victory over England in Dharamsala and clinching a 4-1 series triumph. This triumph significantly bolstered India's percentage points from 64.58 to 68.51 in the ongoing WTC cycle, characterised by nine matches, including six wins, two losses, and one draw. The series victory prompted praise from India's captain, Rohit Sharma, who lauded the maturity exhibited by the young players, showcasing their ability to handle pressure effectively throughout the competition. In the aftermath of the series, Rohit took to his social media account to share a photo featuring Yashasvi Jaiswal, Shubman Gill, Sarfaraz Khan, and Dhruv Jurel. The post served as a recognition of the promising youngsters' contributions to the team's success. In a light-hearted caption, Rohit referred to them as the «garden mein ghoomne wale bande.»

US Consulate in Mumbai organized a special 'Super Saturday' drive on March 9, screening 1,500 visa applicants. The diverse group of applicants included elderly parents visiting their children, students pursuing education abroad, temporaorkers, tourists, and businessmen, many of whom were first-time visitors. 'Super Saturday' drives, initiated sporadically since 2022, are set to become a quarterly feature going forward. The surge in demand had previously led to a waiting period of up to 1,000 days. However, concerted efforts to increase manpower and resources have significantly reduced the backlog, according to visa chief Katherine Estes. The consulate has encouraged individuals to apply directly rather than relying on agents, emphasizing the importance of monitoring the consulate's website for visa appointment openings. On the 'Super Saturday,' consular authorities made arrangements for seating, water, food, and wheelchairs to facilitate the applicants' experience.

Bharti Airtel emerging as the lead gainer. In a record-breaking rally last week, the BSE benchmark climbed 374.04 points or 0.50 per cent. Stock markets were closed on Friday for Mahashivratri.

«FPI inflows have shown a positive trend as compared to the previous month. Thanks to the recent announcement of Q3 GDP numbers at 8.4 per cent, persistence performance of large Indian corporates being major factors for turning the tide green for the Indian equity market,» Manoj Purohit, Partner and leader — FS Tax, Tax and Regulatory Services, BDO India, said.

Rohit Sharma to retire from limited overs cricket? Indian skipper says ‘I will retire straightaway but..’ To recap, Ashwin was instrumental in troubling the English batting in both innings of the Dharamshala Test, taking 4 wickets in the first innings and a fifer in the second. Ashwin completed his 36th 5-wicket haul with the wicket of Ben Foakes, who had his middle and leg stumps dismantled. Ashwin's stellar performance in his 100th Test meant that he overtook Anil Kumble and Kapil Dev and equalled Muttiah Muralidharnan for the best figures in a 100th Test match.

SME IPOs: A gateway to emerging market opportunities The upcoming week, investors will have the opportunity to subscribe to two mainboard IPOs, namely Popular Vehicles and Krystal Integrated. Additionally, six SME IPOs will also be open for subscription, including Pratham EPC and Signoria Creation. Popular Vehicles & Services IPO opens for subscription on March 12, 2024 and closes on March 14, 2024.

India's retail inflation is expected to come in at 5.08% in February, broadly unchanged from 5.10% recorded in the previous month, a median estimate of 20 economists polled by Mint showed. While prices of food items saw an uptick on a sequential basis, a favourable base effect is seen as offsetting the impact.

lunar mission, Chandrayaan-4, aiming to bring back moon rocks and soil (regolith) to Earth. This mission will involve the use of two separate rockets – the heavy-lifter LVM-3 and ISRO's reliable workhorse PSLV – to carry distinct payloads for the same lunar mission. “The aim of the mission is to collect samples from the lunar surface and return the samples safely to Earth for scientific studies,” according to a recent presentation by Isro chairman S Somanath at National Space Science Symposium. Scheduled for launch no earlier than 2028, Chandrayaan-4 will mark India's entry into the select group of nations with the capability to collect samples from the lunar surface and safely return them to Earth for scientific studies.