India Financial News

India-Oman strategic partnership close on the heels of Sultan Haitham bin Tarik’s India trip, deputy national security adviser Vikram Misri visited Muscat to explore collaboration in different sectors including possible defence exports to the sultanate. During Misri’s visit, discussions were held on strategic, military and security cooperation including defence exports, and maintenance of Oman’s ports apart from cooperation in disaster management, oceanography and artificial intelligence, ET has learnt. The deputy NSA also met Gen Sultan bin Mohammed Al Nomani, minister of the Royal Office in Oman and a key figure in the country’s decision-making process. The two sides also gave a push to a bilateral trade deal which could be concluded in a record time.

QUAD continues the momentum of its past three years under India's presidency in 2024, the White House has said. «The president (Joe Biden) is incredibly proud of the progress QUAD has made over the past three years,» White House Press Secretary Karine Jean-Pierre told reporters at her daily news conference on Wednesday. Members of the QUAD — the US, Australia, India and Japan — had held their first summit at the White House in March 2021. «The (QUAD's) anniversary is coming up and we are hoping to continue that momentum in 2024, under India's host year, as you just stated. And, we are talking about not just the United States, obviously, India, Japan and Australia,» Jean-Piere said in response to a question.

Indian stock market today: A total of 2 stocks have been banned for trade on Thursday, February 29, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have 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 stocks will be available for trading in the cash market.

New Delhi stating that the nation that has institutionalized the systemic persecution of its minorities and has a truly abysmal human rights record has no right to comment on India. Speaking at the high-level segment of the 55th Regular Session of the UN Human Rights Council, First Secretary Anupama Singh on Wednesday said it is regrettable that the Council's forum has once again been abused to propagate flagrantly false accusations about India.

just ahead of Lok Sabha Elections 2024: The Congress-led Himachal Pradesh government plunged into a crisis after six of its MLAs cross-voted in favour of the Bharatiya Janata Party (BJP) candidate in the Rajya Sabha elections. High-profile leader Vikramaditya Singh resigned as minister, complaining that “MLAs were overlooked" under the Sukhvinder Singh Sukhu-led government in the state.

repo rate steady at 6.5 per cent for the sixth straight meeting this month and decided to focus on the withdrawal of accommodation. RBI Governor Shaktikanta Das has reiterated that the policy imperative at the current juncture is to remain focused on achieving the four per cent inflation target on a durable basis, keeping in mind the objective of growth.

Orange alert for heavy snow issued in THESE states. Check IMD forecast here 1. Jammu-Kashmir and Ladakh are likely to receive isolated heavy rainfall/snowfall (64.5-115.5 mm) on March 1 and heavy to very heavy rainfall/snowfall (115.5-204.4 mm) on March 2, 2024.

Bitcoin surged to an all-time high against the Chinese Yuan (CNY) today, propelled by a recent rally and growing anticipation surrounding the Bitcoin halving event.

(Reuters) — The Australian banking trade union said on Thursday that Westpac Banking (NYSE:WBK) Corp, one of the country's top lenders, has cut around 132 jobs across divisions, with some of these roles being shifted to companies in India and the Philippines.

Tata Sons chairman N Chandrasekaran said on Wednesday that the conglomerate will announce its semiconductor chip fab «very soon,» and «it will be a very big investment.» The conglomerate has taken bets for the future — be it Air India or its electronics and semiconductor play, Chandrasekaran said while delivering the 20th Anantharamakrishnan memorial lecture on «India's Leadership in a Pivotal Decade» after being conferred with the MMA-Amalgamations Business Leadership Award 2023. He did not elaborate on plans for the semiconductor fab unit. ET had reported last week that the Tata group could be exploring partnerships with either one of two major Taiwanese chipmakers — Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group — for its proposed chip fabrication plant at Dholera in Gujarat.

Sri Lanka’s bustling Colombo airport is busier than it has been in the past few years. Last year, the country welcomed 1.5 million tourists, a fifth of them from India. Long-stay Russians number 300,000 and have transformed some of the country’s southern resort towns, not always for the better.

It seems that over the past decade or so, a whole host of stocks and sectors have been written off by investors. Newspapers, linear television, thermal power, anything related to the internal combustion engine, offline travel agents—the list is long. However, in the real world, many of them are still ubiquitous.

There has been a huge divergence in India among observers on the state of consumption in general and the health of rural demand in particular. Not surprisingly, there is also a squabble over the appropriate letter of the alphabet to denote the shape of consumption demand. There has also been a discernible cleft between rural and urban areas, as also between goods and services, when it comes to the rates and patterns of private consumption demand growth.

ICICI Bank has sanctioned Rs 500 crore debt facilities to Aditya Birla group-promoted jewellery retail store Novel Jewels to kick start its operations next quarter, said people with knowledge of the matter. The promoter companies infused Rs 290 crore in the company last year, the people said. Initially, Novel Jewels will launch about four to five stores sometime in July across various cities in north, west, and central India. Aditya Birla Group and ICICI Bank did not respond to ET's request for comments.

Indian Railways has barred for two years Jakson Ventures Private Ltd (JVPL), one of the largest and oldest suppliers of diesel generators in the country. Jakson is the authorised dealer for US-headquartered diesel genset maker Cummins Inc. Government officials aware of the development said JVPL had forged documents certifying earnest money deposit (EMD) as bank guarantee in a bid called by Central Periodical Overhauling (CPOH) Workshop of the Indian Railways in Prayagraj. Responding to queries from ET, Jakson Group said JVPL is an independent legal entity, which has filed a writ petition in the Allahabad High Court against the Railway Board order.

farm subsidies at the World Trade Organization (WTO) remained stuck on the third day of 13th Ministerial Conference (MC13) with countries sticking to their respective positions. Developed countries are not yielding to the «legitimate» demands of developing nations, officials said, adding that an outcome on the ministerial is expected to be delayed to Saturday instead of Friday. The European Union and the United States also blocked pro-development agenda in the draft Abu Dhabi package such as India's proposal, backed by many countries, to lower the cost of cross-border remittances, and a paragraph on debt on «trade-related approach» to mitigate challenges on increasing levels of debt and global financial crises.

Air India has refinanced short-term loans with the State Bank of India (SBI) and Bank of Baroda (BoB) for a three-year loan at an attractive rate, thanks to the conglomerate's strong credit profile. The new Rs 19,000 crore loan will be used to finance the carrier's working capital needs and upgrade its aircraft fleet, people familiar with the details said. The loan has replaced the short-term Rs 18,000 crore bridge loan Air India had availed from SBI and BoB to complete the Tata group's takeover of the erstwhile national carrier in January 2022. It was subsequently renewed for a year in 2023.

ALSO READ: From Mela Rouge to Hashtakshar: Itinerary of Anant Ambani-Radhika Merchant pre-wedding festivities in Jamnagar According to details, food will be served to about 51 thousand residents which will continue for the next few days. As part of the pre-wedding festivities, the Ambani family organized Anna Seva to seek the blessings of the local community.

₹1879.23 crore and ₹200 crore respectively. However, the Nifty Midcap 150 and the Nifty Smallcap 250 fell more sharply by 1.8% and 1.89% each to 17749 and 14895.25, as panicky investors pulled out cash amid reports of regulatory concerns over too much money flowing into small-cap schemes. Though domestic institutions offset the FPI selling with provisional purchases of ₹1827.45 crore, FPI selling in the derivatives market dragged down the indices, market analysts said.

Bill Gates is currently on a visit to India, and the entrepreneur has been busy with back-to-back events, including a meeting with Odisha Chief Minister Naveen Patnaik and a visit to slums in Bhubaneshwar. However, the latest video of Gates shows the famous entrepreneur and philanthropist sipping tea made by social media sensation 'Dolly Chaiwala'.

₹67.20 crores from anchor investors ahead of its initial public offering that opens for public subscription on Thursday, February 29, 2024. The company informed the bourses that it allocated 2,39,99,565 equity shares at ₹28 per share on Wednesday, February 28, 2024, to six anchor investors.