India Financial News

Naveen Patnaik, and attend other functions related to the ‘Jaga Mission’ (scheme for development of slums), the ‘Mukta’ scheme (localised employment opportunities for the urban poor) and ‘Mission Shakti’, officials said. Since 2017, Odisha government’s Department of Agriculture and Farmer Empowerment and the Fisheries and Animal Resource Department have collaborated with the Bill and Melinda Gates Foundation for innovation in data-driven decision-making, they said.

Financial Literacy Week (FLW). The primary goal is to convey messages regarding financial education to the general public, fostering the empowerment of individuals to adopt responsible financial behaviour and make informed financial decisions. The designated theme for the Financial Literacy Week scheduled from February 26 to March 01, 2024, is “Initiate Wisely: Cultivate Financial Savvy".

merger of Reliance Industries and Walt Disney's Indian media assets, Reuters reported citing sources. Reliance Industries (RIL), under the control of the Ambani family, and Disney are on the verge of finalising their merger deal for the Indian media assets, a project in the works for several months. An official announcement is expected later today, the sources added.

Domestic benchmark index NSE Nifty gained 16.36 points to 22214.7, while the BSE Sensex traded 87.05 points up at 73182.27.

Giridhar Aramane and German Ministry of Defence State Secretary Benedikt Zimmer chaired the India-Germany High Defence Committee (HDC) meeting in Berlin on Tuesday. The two sides discussed a range of bilateral security and defence issues, with a focus on developing the defence cooperation as a key pillar of the Strategic Partnership between India and Germany. Giridhar Aramane and Benedikt Zimmer held talks on the regional situation and discussed on potential defence industrial projects and proposals, according to Ministry of Defence press release. The two sides stressed on the need for a closer defence partnership and connecting defence industries of India and Germany. In a press release, Ministry of Defence stated, «They exchanged views on the regional security situation, discussed likely joint exercises with Germany in the Indo-Pacific, and deliberated on potential defence industrial projects and proposals.»

Tata Consultancy Services Ltd.(up 1.16 per cent), Infosys Ltd.(up 1.03 per cent), MphasiS Ltd.(up 0.84 per cent), Tech Mahindra Ltd.(up 0.65 per cent) and HCL Technologies Ltd.(up 0.21 per cent) were among the top gainers.

DailyHunt is in advanced stages to acquire Indian start-up Koo, TechCrunch reported citing sources on Wednesday. The deal may be finalised in as many as three weeks, the report said. Koo, which has been touted as an alternative to social media platform X, which was previously known as Twitter.

renewable energy capacity, it faces a conundrum, despite targets for renewable power generation, the nation is poised for significant growth in fossil fuel-fired power generation in the coming years. This dilemma, highlighted by BP chief economist Spencer Dale, underscores the mounting sense of «frustration and anger» in developing economies over Western-imposed climate policies. «Even if that happens, the country will still need to boost coal- and/or gas-fired generation to meet forecasts of energy demand growth», Dale said.

The NSE Nifty index was trading 6.15 points down at 22192.2, while BSE Sensex was up 7.58 points at 73102.8 at the time of writing this report.

New Jersey, has been indicted for illegally evading customs duties for millions of dollars of jewellery imports into the US and operating unlicensed money transmitting businesses, a US attorney has said. Monishkumar Kirankumar Doshi Shah (39) was arrested over the weekend and appeared on February 26 before US Magistrate Judge André M Espinosa in the Newark federal court.

Pension Payment Order: How to find your PPO number? A step-by-step guide According to reports on February 20 it was revealed that the EPFO has rejected every third claim that it received. Several subscribers raised their grievances relating to the delay in claim settlement on the official X handle of EPFO. India's provident fund body is the world’s largest social security organisation with over 277 million accounts and a corpus of nearly ₹20 lakh crore.

₹86.2 trillion. Of this, ₹31.6 trillion flowed into fixed deposits of banks and other institutions, while ₹5.1 trillion flowed into mutual funds (MFs) and stocks, amounting to about 6% of the overall flow. Given this, the remaining 94% went into fixed-income investments, like life insurance schemes, provident and pension funds, fixed deposits and small savings schemes.

Vodafone-Idea, Patanjali Foods, CMS Info Systems, ZEEL, Hindustan Zinc, are some stocks likely to be in focus in today's trading session.Sensex Today Live : The trends on Gift Nifty indicate a flat to positive start for the Indian benchmark index. The Gift Nifty was trading around 22,235 level as compared to the Nifty futures’ previous close of 22,196.On Tuesday, the Indian stock market indices rebounded from a two-day correction and ended higher.The Sensex gained 305.09 points to close at 73,095.22, while the Nifty 50 settled 76.30 points, or 0.34%, higher at 22,198.35.Nifty 50 formed a reasonable positive candle on the daily chart that has engulfed the small negative candle of Monday.“Technically, this market action is signaling a bullish engulfing pattern.

Finance minister Nirmala Sitharaman urged industry to “join in a big way" the national effort to push India’s growth trajectory higher. Speaking at an event on Tuesday, she said that global investments are flowing to India and called on India Inc to look for greater joint-venture partnerships around the world. “You are here, you are watching the situation, watching the flow of investment capital," she said.

Speaking at an event on Monday, Prime Minister Narendra Modi said, “I want to take the government out of the lives of people. Especially, I don’t approve of government interference in the lives of the middle-class. What is the need of the government everyday and at every step? We should create such a society where government interference is minimal." For the poor, the Indian state would offer support to fulfil basic needs, but for the rest, he said he would end unnecessary intervention as part of his governance agenda over the next five years.

Vodafone Idea Board approved fundraising of up to ₹45,000 crore through equity and debt, said the telecom company in an exchange filing on February 27. The company said it will raise ₹20,000 crore through a combination of equity or equity-linked instruments and the rest via debt and promoters will also participate in the proposed equity raise. The company said it will call for a meeting of its shareholders on April 2, 2024 and post-shareholder approval it expects to complete the equity fund raise in the coming quarter.

₹17,300 crore at Thoothukudi in Tamil Nadu at 9.45 am, before flying to Maharashtra today, February 28. In Tamil Nadu, he will lay the foundation stone of the Outer Harbor Container Terminal at V.O.Chidambaranar Port and launch India's first indigenous green hydrogen fuel cell inland waterway vessel under the Harit Nauka initiative. He will also dedicate tourist facilities in 75 lighthouses across ten states and union territories.

National Science Day is celebrated across India on February 28 to honor the discovery of the Raman Effect by physicist Sir CV Raman in 1928. The Raman Effect is the inelastic scattering of light by molecules, a discovery that earned Raman the Nobel Prize in Physics in 1930, making him the first Asian to receive the prestigious award in any branch of science. History of National Science Day In 1986, the National Council for Science and Technology Communication (NCSTC) proposed to the Government of India that February 28 be designated as National Science Day. Since 1987, this day has been celebrated to commemorate the discovery of the Raman Effect and to promote scientific temper in the country.

Sadhav Shipping will be finalised later today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. Investors can check the status of Sadhav Shipping IPO allotment by logging in to the official website of the registrar, which is Maashitla Securities in this case.

Small-town entrepreneurs are increasingly looking for modern office interiors, much like large corporates in metro cities, leading to a surge in demand for workspace interior companies, said industry executives. From local builders to garment traders and exporters, small-town businesses are investing heavily in renovating their offices with collaboration areas, modern ceilings and open chambers, they said. Lightspeed-backed workspace interiors platform OfficeBanao said 70% of its business comes from smaller cities as the next generation is investing in improving the office ambience.

Tata Group announced Wednesday that its new multibillion-pound UK factory to manufacture batteries will be located in Bridgwater, south west England. The £4 billion ($5 billion) plant in the county of Somerset, southwest England, will be Tata's first so-called gigafactory outside India. Agratas, Tata Group's global battery business, confirmed Wednesday that the 40 GWh factory would be built at Bridgwater's Gravity Smart Campus.