India Financial News

NEW DELHI : Jindal Stainless Ltd is set to upgrade its facilities in Hisar, Haryana as a green hub for manufacturing in a couple of years, in preparation for the new European carbon tax that starts in 2026, said managing director Abhyuday Jindal. The company on Monday inaugurated India’s first green hydrogen stainless steel plant in partnership with Hygenco India Pvt. Ltd at Hisar.

Mint reported on Monday that the finance ministry has notified 13 new commodities for derivatives trading so that businesses (whether companies or farmers), producers and consumers can better manage price risks. The new commodities include farm products such as apples, cashews, garlic, skimmed milk powder, white butter, timber and bamboo. India launched derivatives trading in agricultural commodities more than two decades ago but frequent suspensions and bans imposed by governments have prevented farmers from benefiting from this important risk-mitigation tool.

Nokia on Monday said it has partnered with Sterlite Technologies (STL), an optical and digital solutions company, to enhance networking and digital solutions for government institutions and enterprises. The partnership will also focus on government-driven connectivity projects to offer connectivity and networking solutions, Noika said in a statement. «The collaboration will accelerate the Industry 4.0 revolution. By leveraging these solutions, businesses can gain a competitive edge and drive transformation with disruptive technologies,» the statement said. Both companies will strengthen enterprise networks, providing high-speed, high availability, low-latency connections for applications such as 5G, IoT ( Internet of Things), data centre interconnect, supply chain efficiency, real-time data analytics, and generative AI use cases, according to the statement.

Jyotiraditya M. Scindia, addressed a gathering at the inauguration of India's first green hydrogen plant within the stainless steel sector in a landmark moment for India's industrial landscape. The inauguration ceremony marked a milestone in India's journey towards sustainable industrial practices, with the Jindal Stainless' Green Hydrogen project paving the way for a greener, eco-friendlier future. Speaking at the inauguration ceremony, Minister Scindia expressed his immense pleasure at inaugurating the first green hydrogen plant, which symbolizes the collaborative efforts of two innovative powerhouses, Jindal Stainless and Hygiene Co.

SBI Card, ICICI Bank and Axis Bank. HDFC Bank’s new card rules came into effect from December 1, 2023. Let us take a look at the credit card rule changes of ICICI Bank, Axis Bank and SBI Card.

Galaxy F15 5G, powered by the MediaTek 6100+ processor and with support for 4 years of OS updates. The F15 5G is likely to reignite competition in the budget smartphone segment, giving tough competition to smartphones from rival companies such as Redmi, Realme and Motorola, among others.

Also Read: 11 power stocks including Adani Green Energy, NHPC gained between 20% and 110% in 3 months; check full list Going forward, the sharp bull run in PFC and RECL is likely to continue as per the projections made by domestic brokerage firm Elara Securities. The brokerage has identified the following four key growth levers for power financiers: 1] Renewed interest in thermal capacity addition following the Government of India's announcement regarding the addition of 80 GW and the emphasis on grid stability.

AI platform, Gemini, was deemed 'unreliable' and returned unsubstantiated results in response to a query regarding the Prime Minister. According to statements attributed to Minister of State for IT & Electronics Rajeev Chandrasekhar, the Indian government had issued a notice to Google seeking clarification regarding the discrepancies in Gemini's responses. In a significant move, Google acknowledged the platform's unreliability, extending an apology to Prime Minister Modi and the Indian government.

₹43,500 crore and ₹80,700 crore, respectively. This is even though the former’s market share is at 16% versus about 8% of the latter. A deep dive into the comparative financials of the two reveals the reasons.

Prime Minister Narendra Modi's visit to Tamil Nadu, the state BJP convened its Core Committee meeting at the party headquarters in Kamalayam on Monday. As reported by ANI, the meeting was led by BJP State President K Annamalai and attended by senior leaders including Vanathi Srinivasan, Nainar Nagenthiran, AP Muruganandam, and Ponguleti Sudhakar Reddy.

₹71 to ₹75 per share. At the upper end of the price band, the company plans to raise ₹36 crore from the offer which is entirely a fresh issue of 48 lakh equity shares. Pratham EPC Projects IPO lot size is 1,600 shares and the minimum investment amount required by retail investors is ₹120,000.

NEW DELHI : Rating agency Moody's on Monday raised its forecast for India's GDP growth in 2024, reflecting both global and domestic optimism in the country's economy on the back of robust manufacturing activity and infrastructure spending. "India’s economy has performed well and stronger-than-expected data in 2023 has caused us to raise our 2024 growth estimate to 6.8% from 6.1%," the rating agency said in its Global Macro Outlook 2024-25.

Shankar Sharma portfolio: Ace investor in the Indian stock market, Shankar Sharma has bought a fresh stake in MOS Utility shares. As per the information available on the NSE website, Shankar Sharma bought 1,48,800 shares of the NSE SME stock. After the outbreak of this stock market news, MOS Utility shares witnessed strong buying interest in the morning session and the stock touched an intraday high of ₹172.40 apiece, which turned out a new 52-week high for the SME stock.

Railway unions threaten to stop all trains from May 1: Here's why In October 2023, the Rayagada Passenger train hit the Visakhapatnam Palasa train from behind on the Howrah-Chennai line in Kantakapalli in the Vizianagaram district of Andhra Pradesh. The accident caused injuries to more than 50 people and both crew members died on the spot.

Also Read- Adani Ports share price hits record high as cargo volumes surge 33% in February While Based on volumes reported by OEMs, Jefferies estimate domestic two-wheeler wholesales rising by 35% YoY in February, which was the fifth consecutive month of more than 15% growth (yer-to-date-FY24: 13%), even export volumes showed a strong trend and grew around 45% YoY in February. TVS Bajaj Auto reported the highest 24-33% YoY growth. “Versus our estimates, volumes were better for TVS Motor Company and Hero MotoCorp and mostly inline for others", said analysts at Jefferies.

₹1,500 apiece. That’s an upside of 18% from its previous close of ₹1,267.45. Under managing director and chief executive Sudhir Sitapati, who joined from Hindustan Unilever in October 2021, GCPL has embarked on an aggressive growth path.

ANI, Jaishankar emphasized that “big bullies" do not extend aid amounting to USD 4.5 billion when neighbouring countries face distress. EAM Jaishankar at the event on Sunday, “The big change today in this part of the world is what has happened between India and its neighbours.

BSE Sensex hit an all-time high of 73,994.7 on March 2, while the NSE Nifty 50 scaled its record high of 22,440.90 today. The Nifty Midcap 100 index gained 0.2%, while the Nifty Smallcap 100 was down over half a percent. The gains in equity markets came on the back of a strong rally in US and Asian markets along with better-than-expected Q3FY24 GDP data which came at 8.4% YoY.

Devon Conway is all but ruled out of the upcoming Indian Premier League (IPL) as he will be sidelined for at least eight weeks due to the thumb injury he sustained during the T20I series against Australia last month. The 32-year-old Conway will undergo surgery on his left thumb which got injured during the second T20I in Auckland on February 23. He missed the first Test which ended on Sunday and after further medical examination, he has been advised surgery. «Devon Conway has a small fracture in the joint of his thumb. So he will undergo surgery this week and hopefully he will good in somewhere between an eight-week period,» New Zealand head coach Gary Stead said in a media interaction. Conway was bought by Chennai Super Kings for a base price of Rs 1 crore in the 2022 auction. The left-handed batter has amassed 924 runs in 23 matches in the IPL at an average of 46.12 with a strike rate of 141. 28.

non-basmati white rice to Tanzania and 80,000 tonne of broken rice to Djibouti and Guinea Bissau. The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) has said in a notification. Though exports of non-basmati white rice have been banned since July 20, 2023 to boost domestic supply, exports are allowed on the basis of permission granted by the government to certain countries to meet their food security needs on request. Tanzania is an East African nation, while Djibouti is at the northeast coast of the African continent.

FASTag KYC was February 29 as set by the National Highway Authority of India (NHAI). «One Vehicle, One FASTag» is a campaign that NHAI has started to prevent owners of single cars from participating in the multiple FASTag scheme. ET Online called the NHAI helpline number 1033, and the customer care employee confirmed that the deadline has not extended. According to the NHAI press release dated January 15, 2024, “FASTags with valid balance but with incomplete KYC will get deactivated/blacklisted by banks post 31st January 2024.” Also read: How to buy new FASTag online