India Financial News

₹1.5 trillion providing the building blocks for the critical semiconductor value chain of design, fabrication, assembly, testing, marking and packaging. Key among these proposals is the partnership between Tata Electronics and Taiwan’s Powerchip Semiconductor Manufacturing Corporation for a ₹91,000-crore fabrication plant with a capacity of 50,000 wafer starts per month. This chip capacity will grant traction at last to India’s long-standing quest for self-sufficiency in semiconductors, or near freedom from reliance on overseas suppliers.

India being on a path to become the world’s third largest economy, with annual growth predicted at above 6% (double the world average) for the next two years, cannot be ignored in multilateral trade discussions. At the same time, our trade negotiators had a tough job balancing the interests of different domestic stakeholders with the changing dynamics of global trade and geopolitics, with India’s aim of playing a key role in resilient global value chains forming an important part of the context.

Stock market today: The Indian stock market extended its rally in the special trading session on Saturday last week. The Nifty 50 index added 39 points and ended at 22,378 level, the BSE Sensex went up 60 points and closed at 73,806 mark whereas the Bank Nifty index finished 10 points higher at 47,297 level.

Buy or sell stocks for today: The Indian stock market extended its rally in the special trading session on Saturday last week. The Nifty 50 index added 39 points and ended at 22,378 level, the BSE Sensex went up 60 points and closed at 73,806 mark whereas the Bank Nifty index finished 10 points higher at 47,297 level.

Mint amid the frenzy in many of these stocks. The founder of GQuant Investech believes that Sebi is right in sounding the alarm bells about the froth in the small-cap space , even as these warnings are being cheerfully ignored by the market.

Also Read: Week Ahead: Macro data, FII activity, global cues among key market triggers as Nifty 50 eyes 22,600 this week The Indian bourses, BSE and National Stock Exchange (NSE), held a special live trading session on Saturday, March 2, to assess the resilience of their disaster recovery systems. On Saturday, the stock market indices ended with marginal gains after hitting record highs during the day. The Sensex gained 60.80 points, or 0.08%, to close at 73,806.15, while the Nifty 50 settled 39.65 points, or 0.18%, higher at 22,378.40.

MUMBAI : Apples, cashews or the weather? You may soon be able to trade on the prices of these and several more on an exchange platform, with the finance ministry expanding the list of commodity derivatives that can be offered on national stock exchanges. The finance ministry has notified 13 new commodities for derivatives trading, including manganese, freight (road, shipping and airways), weather, cement, bitumen, apple, cashew, garlic, skimmed milk powder, white butter, timber, bamboo and palladium.

₹56,000 crore in Adilabad. This move targets the power, rail, and road sectors, aiming to juice up infrastructure and energy supply. During his visit, PM Modi will launch the enhanced Sanathnagar - Moula Ali rail line, now with double tracks and electrification, plus six new station buildings in Ferozguda, Suchitra Centre, Bhudevi Nagar, Ammuguda, Neredmet and Moula Ali Housing Board stations.

Indian stock market today: Only 1 stock has been banned for trade on Monday, March 4, 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.

Stock split 2024: Shares of Tiger Logistics (India) Ltd will be in focus when the stock market opens on Monday (March 04). The Board of Directors of the company has declared a stock split for the eligible shareholders. The company has declared a stock split in the ratio of 1: 10 that means from ₹10 per equity share to ₹1 per equity share.

Top Events of the Day: Prime Minister Narendra Modi will visit Telangana, Tamil Nadu, Odisha, West Bengal, and Bihar on March 4-6 during which he will inaugurate and lay the foundation stone of projects worth more than ₹1,10,600 crore. In a post on X (formerly Twitter), PM Modi wrote, “Over the next two days, I will be attending various programmes in Telangana, Tamil Nadu, Odisha and West Bengal.

NEW DELHI : New Delhi: Amid shifting dynamics in the film industry post-covid, content-driven movies, lacking big budgets or star power, are strategically leveraging international film festivals to bolster their marketing initiatives for theatrical releases in India. In recent weeks, Zee Studios’ Joram, Karan Johar’s Kill, and Aamir Khan-backed Laapata Ladies, among others, have announced theatrical releases after touring the international film festival circuit.

MUMBAI : Top officials of the government and the central bank will meet on Monday to figure out a way forward on the vexed issue of bank exposure to alternative investment funds (AIFs), two people aware of the matter said. Officials from the department of economic affairs, department for promotion of industry and internal trade (DPIIT), MSME ministry, the Reserve Bank of India (RBI) and banks will attend the meeting, the people said on the condition of anonymity. The government stepped in because apart from AIFs from private firms, several AIFs have been floated by central government ministries and state governments to pool funds from state-owned banks.

Flipkart Internet, the marketplace arm of Walmart-owned ecommerce firm Flipkart, received a cash infusion of about Rs 924 crore ($111 million) in two parts from its related entities based in Singapore in January, regulatory filings with the Registrar of Companies (ROC) showed. Flipkart has a number of units in India that run a variety of businesses like logistics and the ecommerce marketplace. The fresh capital came from the firm’s related Singapore-based entities on January 8 this year. Two resolutions to infuse capital into the firm were approved on December 20 and December 22 last year, the documents showed.

AI) and large language models (LLMs) must seek «explicit permission of the government» before being deployed for users on the Indian internet, has sent shock waves among companies developing LLMs, especially startups who feel it is «anti-innovation and not forward-looking». Several companies building LLMs, venture capitalists as well as experts told ET such directions can kill startups trying to build in this «hyper-active» space in which India is already late to the party. It will only allow big corporations who can afford additional resources for testing, and government approval, they argued.

Analysts expect the current market momentum to continue, while the market will closely track fresh set of economic data to be released later this week.

SMS Pharma The European Directorate for the Quality of Medicines & HealthCare conducted a GMP inspection of the company’s API manufacturing facility in Andhra Pradesh from February 28 to March 1. A report on the same is awaited.

Google Play Store have started complying with the internet giant’s billing policies, founders and executives at Indian internet firms said the fight between them and Google is far from over. On the one hand, Indian companies have called for a “strategic response” from the government on what they claim to be monopolistic behaviour by the US tech major. On the other hand, Google has said its actions against the ten companies are only to make the ecosystem “fair” for a “vast majority” of developers who comply with its norms.

Sean Ellis is famed for coining the phrase “growth hacking” back in 2010 to showcase how technology upstarts rapidly grow their customer base. Ellis’s book ‘Hacking Growth’, co-authored by Morgan Brown, is a playbook for companies pushing for sustainable growth, derived from his experience of working at startups like Dropbox, Eventbrite, Lookout in their early stages. ET sat down with Ellis on the sidelines of Bangalore Growth Fest hosted by marketing services firm IncrementumX to discuss his plans in India, the growth-at-all-cost mindset among startups, and tech valuations. Edited excerpts. How did you come up with the phrase growth hacking? Back in 2010, I wrote a blog post where I recommended hiring a growth hacker for startups. Somebody needs to be focused on getting people in the door to have experiences with the product and build a brand. In a startup, you don't have that luxury, so trying to scrutinise every single activity you do, every single dollar you spend can impact your ability to acquire and retain customers. Then Andrew Chen (general partner and venture capital fund Andreessen Horowitz) wrote a blog post around six months later… where he said growth hacker is the new VP of marketing. That’s when it took off.

quick commerce platforms–Zomato-owned Blinkit and Mumbai-based upstart Zepto--are fast entering ecommerce territory and are set to add several categories like fashion, beauty, electronics, toys, home and kitchen among other segments. Meanwhile, Zepto, the first unicorn of 2023, has hit $1 billion in annualised gross sales as of the latest numbers, people aware of the matter said. These platforms will add thousands of new SKUs in the next two months, taking the number to over 10,000 as they see consumers coming for frequent purchases driving commerce through the platform. Going beyond grocery and staples will increase the scale of quick commerce significantly, impacting both established ecommerce rivals Flipkart and Amazon as well as nearby kiranas, people aware of the plans said. These platforms are also adding more muscle to their logistics networks in order to serve a wide range of products and ensure they are connected to dark stores and available for deliveries. From two years ago–when quick commerce was starting to take shape in India–this is a significant expansion in strategy carrying a big number of SKUs for faster delivery timelines.

SAO PAULO/BENGALURU/BARCELONA (Reuters) — Indian police have detained three men and are searching for four others accused of attacking two tourists and gang-raping the woman, authorities and the couple said.