India Financial News

Opposition parties in Assam on Thursday sought the intervention of President Droupadi Murmu for repealing the CAA, asserting that they would undertake a «democratic mass movement» across the state if their demand is not met. The 16-party United Opposition Forum Assam (UOFA) submitted a memorandum to Murmu through Governor Gulab Chand Kataria. «This act is not only unconstitutional, but it is also going to nullify the historic Assam Accord of 1985 by putting in danger the history, culture, social fabric, economy and the very identity of the Assamese people,» they said. The UOFA urged her to intervene in the matter and direct the Centre to desist from its decision to implement the Citizenship Amendment Act, 2019 in Assam, and repeal the «unconstitutional and anti-national» act.

Teach For India has announced the opening of applications for the 2024 Fellowship program, inviting individuals interested in working towards educational equity for children. The Fellowship, a full-time paid position spanning two years, aims to nurture changemakers in the education sector. Eligibility Criteria

Rajeev Gautam, a former senior executive at US conglomerate Honeywell, has contributed $250,000, or about Rs 2 crore, to his alma mater Indian Institute of Technology Kanpur (IITK) to establish three endowed programmes in the department of chemical engineering. The contribution is part of a tripartite memorandum of understanding (MoU) signed between IITK, IIT Kanpur Foundation, and Gautam. The sum would be utilised towards the institution of an endowed faculty chair, a faculty fellowship and a travel grant programme for students, the institute said.

Maharashtra Deputy Chief Minister Ajit Pawar said in the state assembly on Thursday that strict action would be taken against those involved in forging CM Eknath Shinde's signature. The Mumbai police on Wednesday registered a case against unidentified persons for allegedly forging the signature and stamp of CM Shinde. The forgery came to light due to the alertness of the Chief Minister's Office (CMO) staff after they received some memorandums suggesting certain actions. Leader of Opposition Vijay Wadettiwar raised the issue in the Lower House on Thursday, saying the issue of fake stamps of the CMO and forging of the chief minister's signature was serious.

TADA (Terrorist & Anti-disruptive Activities Act) court in Ajmer today acquitted 1993 serial bomb blasts' main accused Abdul Karim Tunda, more than 30 years after the bomb blasts carried out in five trains across India to coincide with the first anniversary of Babri Masjid demolition in Ayodhya on Dec 6, 1992. «The honourable court has acquitted Abdul Karim Tunda from all the charges. The CBI failed to present any strong evidence against Abdul Karim Tunda,» says Tunda's advocate Shafiktullah Sultani. The TADA court had framed charges against main accused Abdul Karim Tunda and two others — Irfan alias Pappu and Hamiruddin — on Sept 30, 2021, for orchestrating the blasts in Lucknow, Kanpur, Hyderabad, Surat and Mumbai on the intervening night of Dec 5-6, 1993.

Hindustan Times. India is set to lock horns with England in the fifth and last match, starting from 7 March in Dharamsala. "Padikkal will make his debut in Dharamsala.

PM Modi and said that it marks another great moment for the remarkable and exemplary partnership between Mauritius and India. He added that with the digital payment connectivity, the ties between India and Mauritius have entered a new dimension. “Indeed we are making history today on the Islands of Agaléga, where the inauguration of new airstrip, new jetty, and several other development projects.

₹23,999. The latest smartphone is expected to give tough competition to the rivals from other Chinese companies like the Realme 12 Pro and Redmi Note 13 Pro. Oppo F25 Pro 5G price in India: The Oppo F25 Pro 5G features a 6.7-inch Full HD+ flexible OLED display with a refresh rate of up to 120Hz and a peak brightness of 1100 nits.

Varun Beverages has gained the most, almost 12 percent, followed by Godrej Consumer, up 10.2 percent, Tata Consumer, up 8.7 percent and United Spirits, up 2.8 percent. However, Emami is the top loser in the index, down over 18 percent, followed by ITC, down 11.8 percent. Meanwhile, HUL, P&G Hygiene, Britannia, and United Breweries also lost between 6 and 9.5 percent.

small-cap mutual funds. The Nifty SmallCap 100 index has already given more than 70% return in 1 year, and we have seen the valuation of some stocks grow to 3-4 times in 1 year only. Now small-cap valuation has come at a dangerously high level," said Ravi Singhal, CEO, of GCL Broking Market regulator Sebi has directed mutual funds to conduct internal stress tests focusing on small-cap stocks.

Sanjay Raut takes a jibe at the BJP government while talking about Central Vista in New Delhi. “One should see the condition of Central Vista in New Delhi" in a mocking tone Raut told media persons and further added that “The new parliament is like a five-star jail where you can't work." In May 2023, Prime Minister Narendra Modi inaugurated India's new ₹971 crore parliament building in Delhi, accommodating 888 members in the Lok Sabha and 300 in the Rajya Sabha.

Mint. To do this, the industry is seeking a production-linked incentive (PLI) scheme for component manufacturing, even as Vachani believes that contract manufacturers should start looking at how to expand their market share in order to export devices globally. “It’s important to understand that even China’s domestic value addition in manufacturing is around 45%, because even China imports nearly all of its semiconductors for mobile manufacturing.

1. Bose Smart Soundbar 900 Dolby Atoms This Bose Soundbar features Alexa Built-in and Bluetooth connectivity, making it one of the most immersive Bose voice-control soundbars. This wireless Bluetooth soundbar adds an extra dimension of height to the sound, catering to people's tastes.

Stock to buy today: Triveni Turbine shares are one of the multibagger stocks that the Indian stock market has delivered in recent few years. In the post-COVID rally, Triveni Turbine share price has ascended from around ₹50 to ₹480 apiece level on NSE, delivering to the tune of 860 percent return to the bottom fishers. However, some brokerage firms still see some upside in this multibagger stock.

Best fixed deposit rate: Bank fixed deposits (FDs) are popular among investors seeking stable returns and capital preservation. These are considered low-risk investments because they offer guaranteed returns. There is insurance of up to ₹5 lakh of deposit with a particular bank in case the bank defaults in payment of the deposit. The deposits are insured by the Deposit Insurance and Credit Guarantee Corporation Limited (DICGC). 

Notwithstanding the UPI’s success story that has earned commendation in India and overseas with volume of transactions surging at a frantic pace, the unanticipated crackdown on Paytm Payments Bank has caught everyone by surprise.    

BENGALURU (Reuters) -Japan's SoftBank (TYO:9984) Group has further reduced its stake in beleaguered Indian payments firm Paytm to 2.83% from 5.01%, an exchange filing showed on Thursday.

Sharad Pawar and Shiv Sena (UBT) in Mumbai. The MVA parties are part of the Indian National Developmental Inclusive Alliance (INDIA) bloc, an amalgamation of leading opposition parties came up last year to fight together in the 2024 Lok Sabha elections against the BJP-led National Democratic Alliance (NDA). Maharashtra has 48 Lok Sabha seats, second highest after Uttar Pradesh which sends 80 members to the lower house of the Parliament.

₹70,000 crore) media behemoth with more than 100 linear TV channels, two large streaming services – Disney+Hotstar and JioCinema – and a massive content library. As part of the deal, Disney will transfer all its India assets and employees — except its 30% stake in direct-to-home (DTH) company Tata Play, its consumer products business, and VFX studio Industrial Light & Magic (ILM) — to its wholly owned subsidiary Star India. Viacom18, a Reliance-controlled entity in which Paramount (earlier ViacomCBS) has a minority stake of around 13%, will merge with Star India to form a ₹58,852 crore (pre-money) joint venture.

market, as per an Economic Times report. This potential move would position Reliance against competitors such as Tata's Zudio, Max from Landmark Group, and Shoppers Stop's new value format InTune, it added. The 55-year-old Primark brand, known for its affordably priced clothing and shoes, has been assessing the Indian market for several years and might collaborate with Reliance through a joint venture or licensing agreement, two sources told the paper.

BSE and NSE at around 16 percent premium against the issue price of ₹177 to ₹186 apiece. On BSE, GPT Healthcare share price opened at ₹216.15 per share level and went on touch an intraday high of ₹219.70 apiece. On NSE, GPT Healthcare share price was listed at ₹215 apiece and went on to touch an intraday high of ₹219.90 per share.