India Financial News

₹215.35 apiece on the BSE. UBS has maintained a ‘Buy’ rating on Bharat Electronics shares, raised the target price to ₹257 per share from ₹205 earlier, and assigned a 35x PE to March FY26E earnings versus 30x earlier, given better earnings and new orders momentum.

State Bank of India has not provided information on electoral bonds encashed by political parties as of March 6, missing the Supreme Court's deadline, PTI reported. The bank had on March 4 requested an extension until June 30 to disclose details, but the plea has not yet been scheduled for a hearing by the apex court. In its plea, SBI argued that retrieving information from various sources and matching data between silos would be time-consuming.

insurance coverage available to all of India will benefit women by addressing their unique needs and circumstances: Maternity Coverage: Maternity mortality rate in India has reduced substantially in the last 2 decades from over 500 per lack to 97 per lakh.1 This number is much higher for rural areas and some of the poor states where access to institutional birthing is limited. Comprehensive and comprehensive maternity coverage can help reduce maternal mortality by providing medical access for childbirth expenses, pre and postnatal care, and new-born care to support women through pregnancy and childbirth.

TOI report, in the affidavit submitted to the High courts of Punjab and Haryana, the administration stated that it would refund the money deposited by the petitioners and the other applicants. Coming back to Bansal, he said that the UT administration shelved the housing scheme more than 16 years after it was introduced. He added that the decision was made in response to an increase in land costs, which has led to breaking the dreams of over 4,000 employees, many of whom even passed away while waiting for a flat, a report by Hindustan Times stated.

Tata Motors: On March 6, global rating agency, Moody's, confirmed the BA3 ratings of Tata Motors, maintaining a positive outlook, reported PTI. In addition, Moody's Investors Service stated that it has also confirmed the Ba3 senior unsecured instrument ratings of Tata Motors Ltd (TML). According to Moody's obligations, 'Ba' ratings are considered to have speculative elements and carry a significant credit risk.

Tata Motors, NLC India, M&M, JM Financial, Ceat, IGL, are some stocks likely to be in focus on Thursday, March 7.Sensex Today Live : The Indian stock market indices, Sensex and Nifty 50, are anticipated to commence trading on a positive note on Thursday, influenced by optimistic signals from international markets.On Wednesday, the local equity indices staged a strong comeback in the final trading hour, each closing over half a percent higher. This marked a milestone as the Sensex crossed the 74,000 threshold for the first time.The Sensex climbed 408.86 points to conclude at 74,085.99, while the Nifty 50 ended 117.75 points, or 0.53%, higher at 22,474.05.The Nifty 50 chart displayed a long bull candle with an extended lower shadow.

The Association of Mutual Funds in India has requested MF houses to take pre-emptive steps to safeguard investors. It took its cue from concerns raised by the Securities and Exchange Board of India’s (Sebi) over retail investors getting over-exposed to high-risk small- and mid-cap stocks. The market regulator’s worry is understandable.

Sensex rose 408.86 points to close at 74,085.99, while the Nifty 50 settled 117.75 points, or 0.53%, higher at 22,474.05. Nifty 50 formed a long bull candle on the daily chart with a long lower shadow. “Technically, this pattern indicates a bullish rising three method pattern and this is an uptrend continuation pattern.

Buy or sell stocks: On account of strong buying in banking, healthcare, IT, and auto stocks, the Indian stock market witnessed a strong pullback in the last hour of Wednesday's session. All three key benchmark indices ended in the green territory. The Nifty 50 index ended 117 points higher after climbing to a new peak of 22,497 level.

NEW DELHI : A World Bank agency is prepared to stand guarantor for up to $8 billion of loans taken by state-owned infrastructure builders and local government bodies, a move that could attract private capital in a whole range of public projects. In an interview, Junaid Kamal Ahmad, vice-president, operations at the bank’s Multilateral Investment Guarantee Agency (MIGA), said the agency’s focus on underwriting loans aligns with India’s infrastructure development strategy at the national and sub-national levels, covering sectors like logistics, transport, electricity and water.

stock market are increasing exposure to small- and mid-cap companies that are outperforming larger peers. The number of firms with more than 10% overseas shareholding rose to 275 on the BSE 500 Index as of December-end, versus 257 a year ago, according to a Bloomberg analysis of foreign institutional ownership data. The increase was largely fueled by minnows.

Read more here The first meeting of Congress party's Central Election Committee (CEC) will be held at 6 pm on March 7. The meeting will decide candidates for upcoming Lok Sabha polls 2024, said Jairam Ramesh, Congress party's general secretary in-charge, communications in a post on X (formerly Twitter). Chaired by party president Mallikarjun Kharge, the committee also includes former party chiefs Sonia Gandhi and Rahul Gandhi, besides AICC general secretary K C Venugopal, Ambika Soni, Adhir Ranjan Chowdhury and T S Singhdeo, among others.

NEW DELHI : The four nations making up the European Free Trade Association (EFTA) have offered duty-free market access for India’s animal products, fish, processed food and vegetable oils in a trade pact that is expected to be signed next week, two people aware of the matter said. The EFTA nations—Iceland, Liechtenstein, Norway and Switzerland—have also proposed $100 billion of investment in India by their companies over 15 years, which could create about a million jobs, the people said on the condition of anonymity. The two sides began negotiations for a trade treaty in 2008.

Indian stock market today: A total of 3 stocks have been banned for trade on Thursday, March 07, 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.

₹40,000 price segment and add headaches for companies like Redmi, OnePlus and more. The launch of Vivo V30 series will be live-streamed on Vivo India's official YouTube channel at 11:55 am today. In order to cut down the hassle, we have also attached the live-streaming link for the event below.

₹67.71 crore across all its college campuses and in an upcoming girls’ hostel in northwest Delhi's Mukherjee Nagar, according to a report by the PTI news agency. The WiFi (Wireless Fidelity) connectivity will be set up across about 90 colleges of Delhi University, on both north and south campuses.

Dividend stocks: Shares of Sanofi India Ltd, Panchsheel Organics Ltd, Manorama Industries Ltd, Sunshine Capital Ltd, Sawaca Business Machines Ltd, and Shervani Industrial Syndicate Ltd will be in focus when the stock market opens on March 7 (Thursday). The Board of Directors of these companies have declared interim dividend, stock split, rights issue, bonus issue, and buy back of shares for their eligible shareholders. The record date by the 6 companies to ascertain the eligibility of shareholders for their respective issues have been fixed on March 7.

Monetarism a la Friedman says that inflation everywhere is always a monetary phenomenon. Increasing money supply by lowering interest rates can bring about only short-term gains in terms of increased GDP. But as time passes, it will be inflationary, as price expectations and wages adjust to increased money supply.

India’s ambition to become a developed nation by 2047 depends on the strategic implementation of enabling reforms. While innovative ideas have been proposed for a Viksit Bharat, the primary sector has largely been left out. Despite being home to 18% of the world population with a median age of 28.2 years, we tend to overlook our core strength—i.e., domestic private consumption, which constitutes nearly 61% of GDP—while focusing on export-led growth.

meme coins has spiked on Indian cryptocurrency exchanges, taking a cue from a resurgence in the global crypto market where the blue-chip Bitcoin and Ethereum currencies have scaled to new record highs after a year and half of falling prices. Popular meme coins such as Shiba Inu (SHIB), Dogecoin, Floki, Vita Inu, Doge Bonk and PepePAD accounted for around half the total trading value of $113 million on the top three Indian crypto exchanges in the 24 hours till 7 pm Tuesday, according to data from global crypto data platform CoinMarketCap.

7th Time Loop Season 1 Episode 10 have been announced. The anime follows Princess Rishe as she navigates her seventh life, aiming for a carefree existence despite past tragedies. Here's a detailed look at what to expect in the upcoming episode.