India Financial News

demand a law to fix a Minimum Support Price (MSP) for their crops, in addition to other concessions including the waiving of loan. However, farmers suspended their march after violence and clashes between farmers and Delhi police were reported at borders on February 24. Farmers then planned to resume their protest on Wednesday, March 6, urging farmers across India to head for Delhi by bus and train since their tractors had been blocked.

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MediaTek is now turning its focus to the fast-growing premium segment with its latest breed of 5G chipsets, having attained a dominant 50% market share, outpacing rival Qualcomm in the highly competitive India smartphone market, company executives and market trackers said. The chipmaker is now working with every Android phone brand with the exception of Google, with over 15 design wins in the first quarter of 2024 itself, far outpacing that of rival Qualcomm, carrying on the momentum from 2023. "Samsung and Nothing were the only two brands left who were not using MediaTek chipsets. With the recent launches this week, those gaps in the portfolio have also been plugged," said Anku Jain, managing director, MediaTek India.

Russia expanded its share in India's crude oil imports to 32% in February from 27% in the previous month, little affected by Red Sea tensions and helped by rising demand from state-run refiners in India. Saudi Arabia became India's second-largest crude supplier in February, with its share rising to 19% from 14%. Iraq was a key loser, falling to 18% from 24%. In November, Russia had a share of 35%, which fell in both December and January before recovering in February. State-run refiners accounted for 61% of total 1.41 million barrels per day (mbd) of crude India received from Russia in February, according to energy cargo tracker Vortexa. These companies' combined share expanded from 52% in January as their daily import volume jumped by a quarter in a month while private sector refiners' intake fell by 12%.

A suspected attack by Yemen’s Houthi rebels on a ship in the Gulf of Aden caused “fatalities” Wednesday

Previously, BI WORLDWIDE India has been lauded and recognised for innovative and results-driven loyalty and engagement programs for clients across industries. This year, the organisation proudly added the coveted Gold Dragon Award to its hall of fame, for the 'Shell Share Advantage Program' in partnership with Shell Lubricants India. BI WORLDWIDE India not only upheld its winning streak of 7 years at the DOA Awards this year but also reached new heights by clinching the Gold Dragon Award.BI WORLDWIDE India has been managing an app-based influencer loyalty program for Shell since a few years.

Zomato through bulk deals on Wednesday, March 6, according to data available on BSE. Antfin offloaded a total of 176.4 million shares of the company within the price range of ₹160.11 to ₹160.40 per share. The Chinese company held a 6.32% stake in the quick commerce services provider, as of December 2023.

MUMBAI : Mumbai: Prudential Management and Services Pvt Ltd, a subsidiary of Mahindra & Mahindra's promoter group, has initiated a sale of up to 9.3 million shares, representing 0.75% of the company's stake, through block trades, according to term sheet, reviewed by Mint. According to the company's term sheet, the transaction is valued at ₹1777.7 crore ($215 million), and the shares are being offered at a price range of ₹1,911.5 to ₹1,970.65, apiece. Kotak Securities is overseeing the sale process.

NEW DELHI : Indian telecom companies are lobbying the government to get large internet and streaming platforms to pay up for using their infrastructure, taking cues from international markets where such arrangements are beginning to take shape. A leading telecom industry body has written to the finance ministry claiming that the government was forgoing about ₹800 crore in potential annual revenue from licence fees and other levies from telcos if such an arrangement was in place. “All we’re saying is that please recognize that this payment has to be made, that the government recognizes that this requirement is there, and make both parties sit at the table and negotiate with each other," said S.P.

​Over the past few years,Tata AIA, one of India’s leading private life insurers, has consistently introduced new investment opportunities to investors seeking to generate wealth. Exploring several diverse themes, Tata AIA has developed a robust suite of 8 Unit linked products.These products have generated superior returns over multiple time periods, consistently beating the benchmark.

24/7 monitoring system for the Maldivian waters this month to ensure control of its Exclusive Economic Zone (EEZ) despite its significantly large area. Speaking at a ceremony at one of the islands that he was visiting on Monday, Muizzu said, the Maldives Ministry of Defence is making efforts to obtain the facilities required for conducting the hydrographic surveys by the country itself. “This will allow Maldives to conduct the underwater surveys of the country by ourselves.

Post Graduate Certificate in Digital Marketing' program. This program is being launched in partnership with Emeritus, a global leader in delivering accessible and cost-effective high-quality education.This 9-month program is designed for senior and mid-career professionals eager to learn how to align their organization's marketing strategy with business goals, leverage marketing opportunities, and drive process improvement.

demat account. This account serves as your gateway to stock investing and trading in other securities such as derivatives, bonds, commodities, and mutual funds. The stock market has transitioned entirely from physical share trading to a virtual trading system.

Waris Punjab De' chief Amritpal Singh were admitted to hospital due to health issues. Kulwant Singh Dhaliwal was admitted to hospital due to health issues caused by epilepsy. Another associate Gurmeet Singh was also admitted to the hospital for undisclosed health issues. A senior police officer who does not want to be named said Dhaliwal was admitted to the Assam Medical College and Hospital (AMCH) in Dibrugarh on Tuesday due to complexities arising out of epilepsy. He is undergoing treatment and his health is stable now.”

National Law School of India University (NLSIU) completed their 40-day internship at the Commercial Taxes department as part of an MoU both signed to learn from each other’s domain of expertise. The internship would help students of the prestigious law school get first-hand experience of aspects such as implementation of GST, the GST laws, how we deal with indirect tax collections, claims of refunds, regulations, orders of authority of advance ruling, GST Council deliberations and court orders. Apart from these, the students will also get to experience how a government department functions, Commissioner of Commercial Taxes C Shikha told ET. “The students were from the fourth and final years of the 5-year law course,” she added. “They were all very bright. The day-to-day interaction with the students helped my colleagues also benefit from their knowledge of law.”

women in India aspire to start their own business, reflecting a strong desire for financial independence and self-reliance, according to a report from PayNearby, a branchless banking and digital network, The report «PayNearby Women Financial Index (PWFI)»is based on a survey among over 5,000 retail stores in the country recording financial transactions of women consumers as observed in those outlets. It highlights the preference for biometric authentication, with over 95% of female customers opting for Aadhaar Enabled Payment System (AePS) for cash withdrawal. While cash remains the favoured mode of transaction, with 48% of women favoring it, Aadhaar-led transactions and UPI QR codes are gaining momentum in double digits.

Bahrain, 1,200 MT to Mauritius and 550 MT to Bhutan through National Cooperative Exports Limited. The government last year, imposed a ban on onion exports till March 31 to meet domestic demand and stabilise its wholesale prices but it allows a specified quantity to be exported to friendly nations. In a separate notification, the Director General of Foreign Trade (DGFT) also amended the timelines and procedures for registration of import of yellow peas under the Import Monitoring System (IMS) for consignments which will arrive at the Indian ports after March 31, 2024.

Indian Oil Corporation Ltd (IOC) — the nation's top oil firm — will in three months start manufacturing fuel used in adrenaline-pumping Formula One or F1, motor racing as it looks to expand its basket of niche fuels. IOC, which already has three branded fuels, including high-selling XtraGreen diesel, on Wednesday unveiled 'Storm' petrol that it will supply for the Asian region motorcycle road racing championship. «Today, we are partnering with FIM Asia Road Racing Championship for the supply of 'Storm'. We are the first company in India to manufacture fuel of specifications used in road racing,» IOC Chairman Shrikant Madhav Vaidya said. IOC will supply fuel for all the motorcyclists from 15 countries that will participate in the FIM Asia Road Racing Championship.

Lok Sabha Elections 2024: Madhya Pradesh, often referred to as the 'Heart of India,' holds immense significance during the Lok Sabha Elections due to its substantial number of seats, making it a battleground for political parties. The state's alignment with national issues intensifies the competition, as parties vie for majority support from Madhya Pradesh's populace. The state's political landscape is characterized by frequent shifts, with the Bharatiya Janata Party (BJP) and the Indian National Congress (INC) engaging in a constant tussle. Following a decisive victory in the state assembly elections last year, the BJP appears poised to secure a majority. Meanwhile, the INC, bolstered by the newly formed I.N.D.I.A alliance, aims for a robust comeback. Madhya Pradesh Lok Sabha Elections 2024 Dates

Whether it’s a home loan, car loan or personal loan, managing numerous loans and EMIs can be overwhelming and financially troublesome. However, there is a solution: consolidating multiple loans into a single payment. Multiple loans refer to the scenario where an individual has taken out more than one loan from different lenders or financial institutions. These loans could be for various purposes, such as purchasing a home, financing a vehicle, funding education, or covering personal expenses.

The commercial real estate market, particularly in Noida and its surrounding areas, has experienced a remarkable resurgence following the challenges posed by the COVID-19 pandemic. As we stride confidently into 2024, the landscape presents an array of opportunities for investors seeking secure long-term returns. According to a recent research report by Knight Frank India, the commercial real estate sector is poised to witness substantial growth, projected at 7-8% this year.