India Financial News

Mint analysed class profiles from batches 2017-19 to 2022-24 for two-year postgraduate programmes at some of the top B-schools. In the case of Indian School of Business (ISB), we considered its one-year management programme. The analysis showed that IIM-Ahmedabad has persistently struggled with low gender diversity among students, reaching a low of 28 females for every 100 males in the 2020-22 batch.

MUMBAI : When office commute platform MoveInSync decided to raise $15 million in January, it received term sheets from prospective investors within a week of launching the deal. Though such rapid response is still rare, many investors said deal activity has begun to pick up pace, signalling the approaching end to an agonizing funding winter. While funding in the very early stages continued in the past two years, growth-stage funding had slowed to a crawl.

₹2,800 crore through a block deal, reported CNBC-Awaaz on Tuesday. The floor price for the block deal has been fixed at ₹159.4 per share, which represents a 4 per cent discount on the current market price of Zomato stock, according to the report. Shares of Zomato closed 1.8 per cent lower at ₹166.8 on the BSE on Tuesday.

MUMBAI : Financial news and data provider Bloomberg on Tuesday said it will add a set of Indian government bonds to its widely-tracked emerging market index, a development that could potentially attract investment flows of $3-4 billion beginning next year. Global investors with passive investment strategies buy stocks and bonds featuring in global indices, and Bloomberg's addition of Indian bonds promises to attract investments in them.

₹41 lakh, going up to ₹53 lakh ex-showroom for an all-wheel drive variant. The Seal has a range of up to 650 km for its top-end rear-wheel drive model.

ALSO READ: Indian culture ‘embarrassing’: IPL cricketer posts during Ambani pre-wedding bash, netizens react; here's what happened After seeking blessings, Mukesh Ambani interacted with the media and thanked the people of Jamnagar for their support. Anant Ambani and Radhika Merchant's pre-wedding celebrations began on 1 March in Jamnagar and concluded on 3 March.

New Delhi: The plan to restructure Sri Lanka’s debt could be completed by June, two people aware of the matter said, as the island-nation prepared to reach an agreement with its creditors in the coming months. "We expect that the agreements will be finalized around June, which will help settle the debt restructuring process with Sri Lanka," said one of the officials mentioned above, requesting anonymity. In May 2022, India's southern neighbour defaulted on its overseas debt after its worst financial crisis since independence in 1948 emptied out foreign exchange reserves.

MUMBAI : Mumbai: Indian residents' appetite for gold bonds knows no bounds, despite the metal hitting record high prices this fiscal year, and stock markets trading at life highs. In the latest issuance last month, residents subscribed to a record 12.78 tonnes of bonds worth ₹8,008.38 crore, or $966 million, the highest-ever amount since the first issuance eight years and two months ago, RBI data shows . The issue price was at a record high of ₹6,263 per gram.

NEW DELHI : India’s space regulatory body has opened its first technical centre that it said would aid startups and larger private companies design and plan space missions. The Indian National Space Promotion and Authorization Centre’s (In-Space) facility in Ahmedabad will offer shared infrastructure including for climate simulation, thermal and vacuum environment simulation, and space systems assembly and testing environment.

Bloomberg on Tuesday. In his first public appearance at a financial technology conference in Tokyo since the Reserve Bank of India (RBI) ordered his banking affiliate to halt certain activities, Sharma said, as quoted by Bloomberg, “The biggest thing that I’ve learned is that many times your teammate and adviser may not be getting it correct." “And it is important for you, yourself to be taking care of it versus just letting a teammate or a adviser suggest that what should it be (sic)." He resigned from the PPBL board in February after the RBI prohibited the bank from accepting new deposits in its customer accounts or wallets.

Mahila Morcha in West Bengal on 7 March. The BJP seems to be going all out on the “Mahila" or the women-centric poll agenda ahead of the 2024 Lok Sabha Elections. Political analysts believe this very women centric agenda had brought Mamata Banerjee back in power in West Bengal, an agenda that BJP missed.

National Conference (NC) Tuesday said while the party will be contesting all the three Lok Sabha seats in the Kashmir valley, it is in talks with the Congress to decide on three seats of Jammu and Ladakh regions. Both the parties are members of the opposition INDIA bloc. The NC's announcement came after a marathon meeting of its parliamentary board at the party headquarters here. «The National Conference will contest these three seats from the valley on its own,» NC provincial president, Kashmir, Nasir Aslam Wani, told reporters after the meeting.

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Jupiter India was the most popular fund in February, signalling investors becoming more «confident and adventurous», said Kyle Caldwell, collectives editor at interactive investor. Rankings regular FundSmith Equity came in second, followed closely by the L&G Global Technology Index. Caldwell described the latter as a fund suited to «thrill-seekers», due to the exposure to US tech giants expected to benefit from AI advancement, but he noted that investors should be wary of its concentration, with Microsoft and Apple making up over a third of the fund. Income fund favourites jostle with...

The HSBC S&P India Tech UCITS ETF will have exposure to companies with a market cap of at least $300m that generate at least 80% of their revenue from digital technology, communication, and software related businesses, as classified by FactSet's Revere Business Industry Classification System. HSBC AM said it was a «more diversified index than solely IT companies» as its revenue-based approach also captures technology-oriented companies from various sectors. HANetf to launch India internet and e-commerce ETF «In our view, India is fast becoming a hot bed of new world technology sect...

Morgan Stanley analysts said in a note Tuesday that a cyclical and structural rebound in mergers & acquisitions (M&A) is coming.

Assam government has requested to hold Lok Sabha polls in the state before Bohag Bihu festival. The agrarian festival is celebrated in the second week of April. An Election Commission of India (ECI) delegation is on a two-day visit to Assam. Chief minister Himanta Biswa Sarma said, “We have requested the Election Commission to hold an election before Bohag Bihu.” Assam has 14 Lok Sabha seats. This is the first election in Assam after the delimitation exercise was carried out last year. The first electoral roll after delimitation of assemblies and parliamentary constituencies was carried out was published in December last. It has found around 2,43,02,460 electors in the state.

Rajnath Singh on Tuesday witnessed the combat prowess of aircraft carriers INS Vikrant and INS Vikramaditya in a «twin-carrier» operation in the Arabian Sea and addressed the top naval commanders on the evolving maritime security scenario in view of geo-political upheavals. The inaugural session of the three-day naval commanders conference saw Singh embarking at sea to witness the Navy's ability to conduct operations deploying both the aircraft carriers. In his address to the commanders, Singh highlighted the Navy's important role in maritime security and maintaining India's sovereignty and urged the commanders to remain prepared to deal with all kinds of challenges while assuring the government's all-possible support. «If India's reputation has increased in the Indian Ocean Region and wider Indo-Pacific, it is due to the bravery and promptness of our Navy,» he said.

Jaishankar on Tuesday said strong alliances do not enhance a country's global standing while, on the contrary, India had a favourable result from loose or issue-based alliances. «Today, we see India in many ways as playing a useful role as a kind of bridging country which can contribute and address problems. And I think unfortunately the state of the world requires such services,» the minister said in response to a question following his address to the Korea National Diplomatic Academy here. Jaishankar's address was a part of the first leg of his four-day visit to South Korea and Japan. «I don't agree that strong alliances enhance global standing and lose alliances detract. At the beginning of our presidency of the G20, people were worried whether we would be able to get an agreement at the end of it and we had two problems — the Ukraine conflict and the issue of development. A lot of Global South had concerns. We have different ties to one group, I think it would have been difficult to get the G20 to come around had it not been such a case,» the minister said.

smaller players on Unified Payments Interface (UPI) to enabling a sort of reservation system among third-party apps to help the weaker ones grow, multiple ideas came up during a meeting on Tuesday between the payments industry and the National Payments Corporation of India (NPCI) which runs UPI. “NPCI mainly wanted to understand how they can enable smaller apps to grow on UPI and help distribute the load from the top three players to others in the market,” said a senior industry executive on the condition of anonymity.

In a panel discussion hosted by ETMarkets, Sumit Gupta, Co-Founder of CoinDCX, outlines key drivers for crypto trading in India: regulation and conducive environment. Additionally, he shed light on CoinDCX's rigorous framework for listing cryptocurrencies and offered insights into the challenges and opportunities of building in this evolving environment. Edited excerpts: