India Financial News

Modi will reach West Bengal on a two-day visit to Hooghly’s Arambag and Nadia district’s Krishanagar, starting from Friday. On Friday, Modi’s first stop will be at the Durgapur helipad, from where he will head towards Jharkhand’s Sindri. Following the programme in Sindri, Modi will reach Hooghly district's Arambagh where he will inaugurate a number of projects, lay foundation stones and then address a public rally. The Prime Minister will participate in a public rally, where he will inaugurate, dedicate and lay the foundation stone of multiple development projects worth more than Rs 7,200 crore in Arambagh, Hooghly, West Bengal.

Green job surge in India India's aim to achieve net-zero emissions by 2070 has led to a surge in green jobs- jobs that contribute to preserve or restore the environment. According to Teamlease, at the end of 2023, approximately 18.5 million green jobs were created across various industries, with projections indicating a doubling of this number by 2047.

Cohance Lifesciences Ltd on Thursday signed a definitive agreement to merge their businesses, which will further strengthen the former’s position in the contract development and manufacturing organisation (CDMO) space. Promoter of Suven Pharma, Advent International, had said last year that it would merge the two businesses post the buyout of its significant stake in Suven Pharma.

Delhi High Court on Thursday dismissed a petition by ArcelorMittal India seeking grant of mining lease in Jharkhand's Saranda forest division. A bench of Acting Chief Justice Manmohan and Justice Mini Pushkarna found no merit in ArcelorMittal's petition, saying the approval granted by the Centre to the company in 2007 and 2008 was conditional and no mining lease could be executed in its favour in the absence of the pre-conditions being met. «It is to be noted that till date, the petitioner does not have approval of the Central government under Section 2(ii) of the Forest Conservation Act, 1980. The petitioner also does not have environment clearance under the Environment (Protection) Act, 1986,» the court said.

www.dhiindia.com). See his experience at https://www.youtube.com/watch?v=8ZSN6D-l4mQ In a procedure lasting just a few hours, he transformed his life forever with hairs to envy! He chose a DHI clinic in India due to their award-winning “Direct Hair Implantation" technique, which works as per “DHI Total Care System", perfected over the past 50 years by DHI Medical Group. Every hair transplant procedure is performed by highly skilled and trained surgeons who are best in the business.

Pre-wedding celebrations for Anant Ambani, the youngest son of Mukesh Ambani, the Chairman of Reliance Industries, who is soon to be wed to Radhika Merchant, the daughter of industrialist Viren Merchant began in Jamnagar district in Gujarat. The high-profile guests started arriving in Jamnagar on Thursday with actors like Ranbir Kapoor, Arjun Kapoor, and Alia Bhatt taking the lead. Anant Ambani's brother Akash Ambani also reached the venue earlier today.

unanimously decided to serve upon "Indefinite Strike Notice as per relevant Rules on 19th March 2024, and the Indefinite Strike to comment on 1st May 2024 i.e on international Labour Day". The press note shared by him said that after "considering the prevalent situation thoroughly and keeping in view the Non-Response of the Government on Restoration of Defined Guaranteed Old Pension Scheme in place of NPS", the committee decided "that there is no alternative left but to resort to direct action by all constituent trade unions collectively".

PM Modi launched a range of developmental projects in the state through a video link. "The Indian system of time calculation is the oldest, subtle, pure, error-free, authentic and reliable method in the world. This most reliable system is being re-established in the form of Vikramaditya Vedic Clock in Ujjain," the release said.

Bharat Highways InvIT IPO: The initial public offering (IPO) of Bharat Highways InvIT was fully subscribed on the second day of bidding, driven by stable demand from investors. Bharat Highways InvIT IPO hit the Indian primary market and opened for subscription on Wednesday, February 28, and will remain open till Friday, March 1, 2024. Bharat Highways Infrastructure Investment is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India.

₹49, and a season pass for ₹899, but with an inaugural discount it will be available for ₹599. “Formula 1 is among the biggest sporting properties in the world, and we’re thrilled to partner with them to bring all the exciting action to millions of fans in India.

Bank of Baroda. First crop advance estimates show a 4.6% decrease in major kharif crop production for the 2023-24 season to 148.5 million tonne. Although the rabi sowing season ended on 23 February with a slight increase in total acreage, there are concerns over a 6.5% decline in cereal cultivation.

Vodafone Idea (Vi), Neeraj Mittal, secretary in the department of telecommunications, said as he welcomed the approval given by the cash-strapped carrier's board to a fund-raise proposal. "We'll have to examine everything, if there is an opportunity, there is a need for it, how do the next few months look like in terms of their operations," he said in an interview, adding that the government may not look at divestment immediately. The Union government is the largest shareholder in Vodafone Idea, India's third-largest carrier, with a 31% stake.

India has conducted two successful flight tests of a very short-range air defence missile off the coast of Odisha. The tests were carried out on Wednesday and Thursday. «The DRDO conducted two successful flight tests of Very Short-Range Air Defence System (VSHORADS) missiles on February 28 and 29 from a ground-based portable launcher off the coast of Odisha from integrated test range, Chandipur,» the defence ministry said. It said the tests were carried out against high-speed unmanned aerial targets under different interception scenarios. «During all the test flights, the targets were intercepted and destroyed by the missiles, meeting the mission objectives,» the ministry said.

India has been seeking appropriate and effective special and differential treatment (S&DT) for its small scale fishermen and to keep the policy space for development of its fisheries sector. “There is no consensus in fishing especially deep sea fishing. They are attaching conditions with S&DT,” said an official.

Anant Ambani, a son of Reliance Industries Chairman Mukesh Ambani, and Radhika Merchant, daughter of industrialist Viren Merchant, has an important economic significance. The wedding celebrations will begin on March 1 in Jamnagar, Gujarat, while the couple will tie the knot on July 12. Anant has grown up in Jamnagar so the venue has significance for the Ambani family. But Anant has also said that he was inspired to choose Jamnagar by Prime Minister Narendra Modi's 'Wed in India' call. «It's a matter of pride and happiness when our PM said that one should get married in India,» he said.

Advent International on Thursday announced the merger of privately held Cohance Lifescience with listed Suven Pharma to create the 1st private equity led listed contract manufacturing company, making it one the largest largest such home grown CDMO platform Divi’s Lab’s For every 295 shares of Cohance, 11 new shares of Suven will be issued, the companies said in a statement after the Suven board meeting. Suven has been 50% owned by Advent with the remaining with public and institutional shareholders while Cohance is wholly owned by the PE group. Now post merger, Advent will own 66.7% in the combined entity and the public shareholders the rest.

tea vendor, Dolly Chaiwala, serving tea to Bill Gates went viral. But surprisingly, Dolly admits he didn't initially recognize the tech giant! Gates, while visiting India, stopped by Dolly's tea stall in Nagpur, known for its unique style. He even shared the video on Instagram, where it took the internet by storm. «Excited to be back in India, home to incredible innovators working on new ways to save and improve lives—and even make a cup of tea,» Gates wrote on Instagram alongside the video. He added, «Looking forward to many Chai Pe Charcha.»

Indian economy recorded a faster-than-anticipated expansion of 8.4% in the third quarter of the year compared with 8.1% in the second and 8.2% in the first quarter, according to official data released Thursday. The jump in growth numbers pushed FY24 growth to 7.6%, up from 7.3% estimated in January. “Overall, the Indian economy ticks all the boxes in the right way,” said chief economic advisor V Anantha Nageswaran.

Bill Gates' recent encounter with a popular Indian tea vendor, Dolly Chaiwala, has taken the internet by storm. This surprising meeting has sparked both amusement and online jokes, particularly at the expense of Founder & CEO of "MBA Chaiwala" group Prafull Billore. Gates, while visiting India, stopped at Dolly Chaiwala's stall in Nagpur, a city known for its unique tea culture. The visit, documented on Gates' Instagram, showed him enjoying a cup prepared by Chaiwala himself. This unexpected interaction between a global tech icon and a local vendor quickly went viral, generating a wave of hilarious online reactions.

Tejasvi Surya on Thursday claimed divisiveness is «inherent in the Congress' DNA,» amid allegations of pro-Pakistan slogans being raised in the corridors of the Karnataka legislature complex. Addressing a press conference in Maharashtra's Nagpur city, the Lok Sabha member from Bengaluru South alleged that Congress is the original party «responsible for dividing the country.» He also said that BJP president JP Nadda will address a rally of the 'Namo Maha Yuva Sammelan' organised in Nagpur on March 4. More than one lakh youth from Maharashtra will participate in the congregation, the BJP's Yuva Morcha president said. On Tuesday, supporters of Congress leader Syed Naseer Hussain allegedly shouted «Pakistan zindabad» slogans after his Rajya Sabha election victory at the Karnataka Vidhana Soudha, which houses the legislature and state secretariat.

FanCode, the leading sports destination in India, has announced that it will serve as Formula 1's official broadcast partner in the country for the 2024 and 2025 seasons. Indian fans can watch the longest-ever F1 season, featuring 24 races starting February 29 in Bahrain, on FanCode across various devices like smart TVs, mobile phones, and tablets. FanCode will provide comprehensive coverage of Formula 1 races, including practice sessions, qualifying sessions, F1 Sprint events, and Grand Prix throughout the season.