India Financial News

After a strong gross domestic product (GDP) growth estimate, we have further cause for optimism in the latest purchasing managers’ index readings for the manufacturing and service sectors. The HSBC India Services Purchasing Managers’ Index (PMI) clocked a robust 60.6 in February.

Read the full story here.)Sensex Today Live : Gift Nifty Futures was trading marginally ahead of Nifty 50's Tuesday close, indicating a muted start for Indian benchmark indices. Sentiment for Indian markets would be marred further by the mixed performance of global peers that were weighed down by the cautious mood elsewhere.South Korean shares fell for a second straight session on Wednesday, dragged down by heavyweight chipmakers tracking losses in global peers.The benchmark KOSPI fell 5.42 points, or 0.20%, to 2,643.98 by 0110 GMT.

It was common once for the word ‘conglomerate’ to be prefixed by ‘unwieldy’ and ‘unfocused’ by reflex. If that sounds strange today, then the Tata Group could claim some credit for it. Sure, survival amid competition demands an edge sharpened in focal fields of specialization, and Tata did withdraw from some markets in the 1990s (soaps and suds, for example), but its operations still span a spectrum from salt to software.

The Indian Express has reported citing the police FIR. On Tuesday, the Jharkhand Police arrested 5 other accused who were on the run in the case of gang rape and assault with a Spanish woman, an official said as reported by PTI.

Zomato: Antfin Singapore Holdings Pte, a subsidiary of the China-based Ant Group, is reportedly planning to sell up to 2% stake or 17.64 crore shares in the food delivery platform Zomato. The transaction, which is expected to be worth ₹2,800 crore, will be conducted through a block deal, reported CNBC-Awaaz on Tuesday. The block deal's floor price has been set at ₹159.4 per share, indicating a 4% discount on Zomato's current market price, as per the report.

₹20,000 price segment. Realme had earlier opened the pre-orders for Realme 12 5G and Realme 12+ 5G, allowing potential customers to get some added benefits by booking these devices in advance. The Realme 12 5G series will be unveiled at a launch event at 12 noon today and the launch ceremony can be watched by navigating to Realme India's official YouTube page.

Sensex fell 195.16 points to close at 73,677.13, while the Nifty 50 settled 49.30 points, or 0.22%, lower at 22,356.30. Nifty 50 formed a small negative candle on the daily chart with a minor upper and lower shadow. Technically, this pattern indicates a minor downward correction in the market with high volatility.

Sensex fell 195.16 points, or 0.26%, to close at 73,677.13, while the Nifty 50 settled 49.30 points, or 0.22%, lower at 22,356.30. “Investors are awaiting Fed Chair Powell’s testimony to get some input on interest rates. Overall, markets are likely to consolidate in the near term with sectorial rotation amid key events lined up.

cricket. Now, he wants to play in T20 leagues worldwide. Nadeem took 542 wickets in his first-class career and played two Tests for India.

Garena Free Fire and has been gaining traction since the original game was banned by the Indian government in 2022. The battle royale game has won the hearts of Indian fans thanks to its intense graphics and addictive gameplay. Moreover, the developers, 111 Dot Studios, release free redeem codes on a daily basis, which only adds to the constant demand for this popular game.

NEW DELHI : Canadian pension fund CDPQ is in exclusive negotiations to acquire five operational road projects from Ashoka Concessions Ltd, a subsidiary of infrastructure company Ashoka Buildcon. The deal has potential equity and enterprise values of around $325 million and $700 million, respectively, two people aware of the talks said. On 12 December, The Economic Times reported that CDPQ (Caisse de dépôt et placement du Québec) and private-equity firm Actis Llp were in final discussions to acquire the BOT toll road assets of Ashoka Concessions.

Stock market today: The domestic equity market benchmarks, including the Nifty 50 and the Sensex, halted their four-day winning streak due to subdued global cues, on Tuesday, March 5. The Nifty 50 concluded the trading day with a decrease of 49 points, representing a 0.22 percent decline, closing at 22,356.30. Similarly, the Sensex finished at 73,677.13, marking a dip of 195 points or 0.26 percent.

Indian stock market today: Only 1 stock has been banned for trade on Wednesday, March 06, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The stock has 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 stock will be available for trading in the cash market.

Annual Information Statement—introduced in November 2021— gives taxpayers a single comprehensive statement on all their financial transactions done in a financial year. The statement is available in the income tax portal and includes financial transactions reported by banks, RTOs, stock exchanges, etc, with the Income Tax Department.

₹4,000 crore will open on March 6 and close on March 13. The buyback entitlement for the reserved category is set at 7 shares for every 27 shares held on the record date.

IRCTC, JM Financial, Zomato, Samvardhana Motherson among others will be in focus due to various news developments IRCTC IRCTC has signed an MoU with Swiggy to provide pre-ordered meals to passengers via IRCTC e-Catering Services. The services will be made available initially on Bengaluru, Vijayawada, Visakhapatnam & Bhubaneswar stations.

The Indian SaaS market is also expected to touch $37 billion in market size by 2028, from $12 billion presently, the analysis showed.

Market Local Currency Government Index, making it the latest global index to incorporate local sovereign debt. It also paves the way for Indian debt to potentially become part of a considerably larger Bloomberg index that encompasses trillions of dollars of debt. «This step for our EM local index is very significant and will really allow investors to understand the ecosystem around Indian government bonds. Assuming India maintains its investment-grade status, we will continue to keep India on review for the (Bloomberg) Global Aggregate Index,» Nick Gendron, global head, fixed income index product, Bloomberg Index Services, told ET in a video interview. «The global aggregate is an index that is intended to measure the entirety of the investment-grade market. It's managing over $60 trillion in debt. We will stay close to our clients as to their experiences in investing in India and we will keep that dialogue open.»

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.

markets snapped a four-day winning streak on account of profit booking and easing of service PMI, dampening the sentiments. Investors are awaiting Fed Powell’s Chair to get some input on interest rates. «Overall, markets are likely to consolidate in the near term with sectorial rotation amid key events lined up. Capital Goods, Auto, PSU Bank, and Oil & Gas will continue to remain in focus,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

RMG) companies are closely watching the Google versus startups battle over service fees, as they are likely to be the next cohort of application developers to be facing the 15-30% levy beginning June this year. These companies say absorbing a 30% service fee plus 28% goods and services tax will be a double whammy of sorts and will not be sustainable for any business. They are also considering various options to mitigate the impact.