India Financial News

17.03 / 11:57
UPS Career Racing security awards Sporting Meet India’s first female F4 racer Shriya Lohia. Her education, family and achievements
Shriya Lohia has etched her name in motorsports history by becoming the first Indian female driver to compete in Formula 4 (F4) racing. At just 16, she has already achieved a major milestone by scoring points in the inaugural Indian Formula 4 Championship, representing the Hyderabad Blackbirds, one of the country’s top racing teams. Her journey into motorsports began at the young age of nine when she took up karting. With an exceptional talent for speed and precision, she quickly rose through the ranks, securing over 30 podium finishes across various competitions. Her consistent performance and dedication earned her multiple accolades, including four recognitions from the Federation of Motor Sports Clubs of India (FMSCI), the governing body for motorsports in the country. In 2022, Shriya’s remarkable achievements were further honoured with the Pradhan Mantri Rashtriya Bal Puraskar, India's highest civilian award for children, recognizing her excellence in motorsports. As she continues to break barriers, Shriya stands as a trailblazer for aspiring female racers in India, proving that talent and determination can drive success in a male-dominated sport.
17.03 / 11:57
markets UPS FIVE wellness Trade travelers Which sector will lead the next market rally? Jyotivardhan Jaipuria answers
Jyotivardhan Jaipuria, Founder & MD, Valentis Advisors, says after the correction, they are getting a little more constructive on the market. He is no longer worried about high valuations of the Indian market because relatively, the valuations are looking okay. Now, we trade at around 65% premium to emerging market PEs, which is more or less in line with global averages and way below what it was six months back. As for earning growth, the March quarter will likely be closer to 8% and next year it may be 11-12%. Once earnings growth picks up, the market will feel relatively better and start moving up. Jaipuria also says he likes banks, pharma and in the consumption space the three picks are white goods, travel and probably auto ancillaries. Do you think banks will lead this rally going ahead and that is the sector to be in at this point in time because we have a lot of them saying yes, because the valuations are now reasonable, it is attractive, and banks is where one should be. Jyotivardhan Jaipuria: We also like banks and unfortunately, we are with the consensus here. The reason we like banks is valuations. If we do 10-year valuations for all sectors, banks are the only sector where valuations currently are below the 10-year valuations. So, to that extent, there is a lot of margin of comfort there because at low valuations, you need fundamentals to improve a bit, and then you can get decent share price performances, so that is why we like the banks.
17.03 / 11:57
BLOCK Cooper Racing security War inclusion International ‘Two-front war no longer a possibility—It’s a reality’: Army chief Upendra Dwivedi fires warning shot
Global South is being hindered by China’s growing economic and strategic clout, Army Chief General Upendra Dwivedi said on Sunday. Delivering the fourth General Bipin Rawat Memorial Lecture in Delhi, he highlighted the increasing complexity China’s rise brings to global geopolitics. “The rise of China as a dominant economic and strategic force adds complexity, creates competition, and hampers India's effort to be the natural leader for the Global South,” General Dwivedi stated. He urged India to look towards Africa as a future power centre, recognising its potential role in the shifting global order. Despite its demographic and geographic advantages, India remains at a relatively lower global standing, he observed. “With the democratic shift and resource control race, we need to look at possibilities of Africa as a future power centre… India’s position will remain pivotal due to its geography, demography, democracy, prosperity, soft power, and inclusive approach,” he said.
17.03 / 11:57
markets UPS Healthcare Trade blues Updates Stock market update: Stocks that hit 52-week lows on NSE in today's trade
Domestic benchmark index NSE Nifty ended 111.55 points up at 22508.75, while the BSE Sensex closed 341.04 points up at 74169.95.
17.03 / 10:19
Target MET trends country reports rights US immigration officials target elderly Indians holding Green Cards as Trump administration tightens scrutiny
green card holders are increasingly facing secondary inspections and overnight detentions by US Customs and Border Protection (CBP) officers at American airports. According to TOI's Lubna Kably, immigration attorneys have reported a growing trend of CBP officials questioning elderly Indians who spend winter months in India and pressuring them to voluntarily surrender their green cards by signing Form I-407. Under the US Immigration and Nationality Act (INA), a lawful permanent resident (LPR), or green card holder, returning to the US after an absence of more than 180 days is treated as seeking «re-admission» and becomes subject to grounds of inadmissibility. Although green card abandonment is typically considered when someone stays outside the US for more than a year, attorneys are now seeing increased scrutiny even for shorter absences. Ashwin Sharma, an immigration attorney based in Florida, said, “I have personally handled cases recently where the CBP has targeted elderly Indian green card holders, particularly grandparents who happen to have spent a bit longer outside the US, and pressured them to sign Form I-407 to ‘voluntarily’ surrender their lawful permanent resident status (green card). And the moment they have tried to push back, they have been met with threats of detention or ‘removal’ by the CBP officers who have been emboldened by Trump to see themselves as judge, jury, and executioner.”
17.03 / 10:09
awards performer innovations stars Features cricket athletics Skechers appoints Jasprit Bumrah as Brand Ambassador
elite cricket athletes by signing Jasprit Bumrah—one of the most celebrated cricketers and a globally acclaimed pace powerhouse. The India National Team and Mumbai Indians bowler now competes in Skechers Cricket footwear and will feature in Skechers marketing campaigns, supporting the brand’s performance and lifestyle collections. Bumrah joins a Skechers roster that already includes cricket stars Ishan Kishan and Yastika Bhatia, who have been competing in the brand’s innovative footwear for the past year.
17.03 / 10:09
markets Citi Reuters Trade President country reports India's trade deficit narrows to $14.05 bn in February from January’s $22.9 bn
Economists had expected the February trade deficit to ease to $21.65 billion, according to a Reuters poll. India’s exports last month were affected, with concerns growing about the looming effects of Trump's proposed tariffs, according to government sources cited by Reuters. In addition to this, geopolitical risks, especially concerns over tariffs, will continue to influence trade dynamics, as per a UBI report. The reduction in the merchandise trade deficit was mainly driven by a moderation in the Non-Oil-Non-Gold (NONG) segment, supported by seasonal factors during the quarter, the report added.
17.03 / 10:09
COST Target Extreme CEO Action Align country India's renewable target ambitious, must bring net-zero goal forward: Climate Group CEO
Talking to PTI, Clarkson also said that while India has a net-zero target (balancing emissions with removals) for 2070, there is a need for greater ambition. She suggested that India should align with other countries in moving its net-zero goal forward.
17.03 / 10:09
Target Digital Manufacturing Sustainability Research Trade Diversity India’s exports to US may fall 3-3.5% post reciprocal tariffs, diverse exports to offset impact: SBI Research
reciprocal tariffs, which should be negated through higher export goals across both manufacturing and services fronts, SBI Research said Monday. This, it said, will be driven by India’s diversified exports kitty, value addition, alternate areas and new routes that transcend from Europe to the US via the Middle-East, redrawing new supply chain algorithms. “We estimated the decline in exports in the range of 3-3.5% which again should be negated through higher export goals across both manufacturing and services fronts,” SBI Research said, adding that India stands to gain in an increasingly uncertain world of tariffs. India has a $13 million trade deficit for aluminium and $406 million for steel with the US and can potentially take advantage of this. India is among the top 10 sources for aluminium for the US but its share has declined to 2.8% in 2024 from 3% in 2018. India is negotiating free trade agreement (FTA) with the UK, Canada, and the EU, targeting sectors like services, digital trade, and sustainable development. “The shift towards regional supply chains and the impact of geopolitical changes, such as the US tariff war are influencing India’s FTA strategies to ensure alignment with global trade dynamics,” it said.
17.03 / 10:09
markets COST UPS Manufacturing WhatsApp Tata Motors to hike commercial vehicle prices up to 2% starting 1st April, 2025
Tata Motors announced on Monday a price increase of up to 2% across its entire commercial vehicle range, effective from 1st April 2025. The decision comes as a response to the rising input costs, which have been affecting the automotive industry globally. The price hike will be model and variant-specific, meaning the exact increase will vary depending on the vehicle. «Tata Motors, India’s largest commercial vehicle manufacturer, today announced a price increase of up to 2%, across its commercial vehicle range, effective 1st April 2025. The price increase is to offset the rise in input costs, and will vary as per individual model and variant,» the company said in an exchange filing.
17.03 / 09:25
markets UPS Strategy trends blues rock reports Officer’s Choice maker looks to acquire 2-3 new brands in 2025-26
Subscribe to enjoy similar stories. NEW DELHI : Allied Blenders and Distillers Ltd (ABD) is betting on high-quality spirits to beat the stagnancy in the Indian liquor market and drive future growth. The liquor maker, known for brands like Officer’s Choice, plans to add two to three new brands over the next fiscal year, with an aim to increase the share of its "prestige-and-above" segments from 42% to 50%, its managing director Alok Gupta told Mint.
17.03 / 09:25
markets Platform Gap Sustainability film show audience Mind the gap: Hype pushes OTT shows high on viewership charts but audience favourites are another story
Subscribe to enjoy similar stories. Some shows on streaming platforms may have gained high viewership from the hype built around them and generous marketing spends, but these web originals don’t necessarily become audience favourites.
17.03 / 09:13
COST Fighting Immunic Research show country patient Gene therapy for blood cancer shows 73 per cent response rate in clinical trials
CAR T-cell therapy', the treatment involves modifying genes in one's T-cells — a type of immune cells — to help fight cancer. The study looked at patients with leukaemia, which occurs in bone marrow, and lymphoma, which affects the lymphatic system. Researchers, including those from the Indian Institute of Technology-Bombay and Tata Memorial Hospital, Mumbai, said in low and middle-income countries, patients in whom 'B-cell' tumours continue to grow following a period of remission (relapse), or do not respond to treatment (refractory), suffer from poor outcomes due to an absence of effective therapies. A type of white blood cell, B-cells are crucial to one's immune system as they produce antibodies to fight infections.
17.03 / 09:01
UPS Digital Aware WhatsApp cover reports Digital lifestyles, work pressures impacting sleeping patterns: Survey
Great Indian Sleep Scorecard (GISS) 2025 survey by D2C sleep and home solutions company Wakefit. Indian women tend to have more irregular sleeping patterns. Nearly six in ten (59%) sleep past 11 pm, with half waking up feeling fatigued, compared to 42% of men. While 9% of men report waking up three or more times every night, the figure stands at 13% for women. The survey covered 4,500 responses across India between March 2024 and February 2025. It is aimed at highlighting shifting sleep behaviours and their potential repercussions on daily life. The survey found digital habits are having a direct bearing on sleep. More than eight in ten (84%) respondents use their phones just before going to bed, leading to fragmented rest and delayed sleep onset. More than half (51%) pit the blame of their sleepless nights on binge-watching and late-night scrolling, leading to nearly six in ten feeling sleepy at work. With nine in ten respondents, phone usage before bedtime is most prevalent among the 25-30 age cohort.
17.03 / 09:01
markets UPS Citi Metro wellness Cycling stage Prashant Thakur predicts strong demand for both redevelopment and greenfield projects
«If you look at Mumbai, the entire city was dug up a couple of years back and we are seeing that all these infrastructure projects that started are seeing day of the light and that is why we are seeing a flurry of activity in the peripheral areas, where a huge amount of development are coming up, thanks to the connectivity,» says Prashant Thakur, Anarock Group. Let me firstly ask about Mumbai because that particular market and the region has seen a lot of redevelopment activity, especially if you talk about prime areas like Worli. And not just Worli, let us talk about the suburbs as well, there is constant redevelopment day in and day out. If you could help us understand what is exactly driving this transformation, how do you see this impacting the overall real estate trends in the city? Prashant Thakur: First of all, if you talk about Mumbai, or let us say MMR as a whole, it accounts for 45% to almost 48% of value of real estate sold across the top seven cities in the country. So, undoubtedly, it is kind of powerhouse when it comes to residential sales. And there are several factors apart from being the financial capital of India, the huge amount of job opportunity it generates, it has also seen a huge amount of infrastructure upgrade.
17.03 / 09:01
markets Target Coca-Cola PepsiCo Trade Bitcoin International JM Financial sees 38% upside in Varun Beverages, says correction overdone, reaffirms Buy rating
JM Financial has reiterated its 'Buy' rating on Varun Beverages with a target price of Rs 675, implying 38% upside from the previous day's closing price. The brokerage believes the recent 30% correction in the stock is overdone, citing strong growth drivers in both domestic and international markets. The Indian beverage market, with an estimated size of 2.4 billion cases, is largely a duopoly, with Coca-Cola and PepsiCo holding a combined market share of around 80-90%. However, competitive intensity has increased following the relaunch of Campa by Reliance Consumer Products in March 2023.
17.03 / 08:43
Russia using cryptocurrency for oil trade with India, China to beat sanctions: Sources
Russia is using cryptocurrencies in its oil trade with China and India to skirt Western sanctions, according to four sources with direct knowledge of the matter. While Russia has publicly encouraged the use of crypto and last summer passed a law to allow digital currency payments in international trade, its use in the country's oil trade has not previously been reported.
17.03 / 08:15
Provident ETF security performer track cover stars NFO Alert: SBI Mutual Fund launches PSU Bank-based two passive funds
SBI Mutual Fund launched PSU Bank-based two new passive schemes: SBI BSE PSU Bank Index Fund and SBI BSE PSU Bank ETF. The new fund offer or NFO for both schemes is open for subscription and will close on March 20. Also Read | FY25 mutual fund stars: 36 schemes score big, Mirae Asset Hang Seng TECH ETF shines brightest SBI BSE PSU Bank Index Fund is an open-ended scheme replicating/tracking the BSE PSU Bank Index, and the SBI BSE PSU Bank ETF is an open-ended exchange-traded fund replicating/tracking the BSE PSU Bank Index.
17.03 / 08:15
WhatsApp President Justice information Courts SC seeks Centre's reply on PIL challenging current CAG appointment procedure
Centre for Public Interest Litigation, and tagged it with the pending matter on the same issue. Advocate Prashant Bhushan, appearing for the NGO, said that the question is of independence of the institution and alleged that audits by CAG of states like Maharashtra, where the BJP is in power, are being stalled.
17.03 / 08:15
WhatsApp Bank operations likely to take a hit on March 24th, 25th as union calls for a protest
The protest is expected to disrupt bank operations on both days. United Forum of Bank Unions is an umbrella of nine unions. UFBU comprises of All India Bank Employees Association, (AIBEA), All India Bank Officers Confederation (AIBOC), National Confederation of Bank Employees (NCBE), All India Bank Officers Association (AIBOA), Bank Employees Federation of India (BEFI), Indian National Bank Employees Congress (INBEC), Indian National Bank Officers Congress (INBOC), National Organisation of Bank Workers (NOBW) and National Organisation of Bank Officers (NOBO).

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