India Financial News

12.03 / 04:59
FIVE Career stars reports testing cricket bowling Bond warns Bumrah of "career-ender injury", wants him to not play "more than two Tests in a row"
Jasprit Bumrah had his surgery could be a career-ender and added that in future, he would not like to see him play more than two Test matches in one go, ESPNCricinfo reported. Bumrah has been nursing a lower back injury, which ruled him out of India's famous run to Champions Trophy victory on Sunday. The bowler who has been branded as a «national treasure» by star batter Virat Kohli, fought a lone battle for India during the Border-Gavaskar Trophy 2024-25, taking 32 wickets in five matches, before breaking down in the final Test match at Sydney earlier this year in January, suffering what turned out to be a stress-related injury. He has not played any competitive cricket since then and also missed India's victorious ICC Champions Trophy campaign. Bumrah is completing his rehab at Board of Control for Cricket in India (BCCI) Centre of Excellence in Bengaluru and there is no clarity over his availability for Mumbai Indians (MI) during the upcoming Indian Premier League (IPL) starting from March 22 onwards. Bumrah has not suffered a back injury for the first time, as he had surgery for it in March 2023. Bond, who worked with MI in the past as a bowling coach and is currently Rajasthan Royals' bowling coach, said that Bumrah's workload needs careful management to avoid another injury. Bond is also notably known for having a back-injury-affected career himself. He played just 120 matches and picked 259 scalps for Kiwis from 2001-10. Like Bumrah, he had his first back surgery at 29. Despite his persistent injuries, Bond played till the age of 34, first retiring from Tests, then from all formats within less than six months.
12.03 / 04:59
UPS social dance Videos Profiles cricket Sporting MS Dhoni, Suresh Raina's dance on 'Dama Dam Mast Qalandar' in Rishabh Pant's sister's wedding goes viral; Watch video
MS Dhoni, Suresh Raina, and Rishabh Pant have captured the hearts of fans across the nation with a delightful video that has gone viral on social media. The trio was spotted reveling at the sangeet ceremony of Pant's sister, Sakshi, in the picturesque town of Mussoorie, where the atmosphere was electric with joy and laughter. The wedding festivities, marking Sakshi's upcoming marriage to businessman Ankit Chaudhary, have been nothing short of grand, and the cricket legends added a special touch to the occasion by swaying to the enchanting sufi melody of ‘Dama Dam Mast Qalandar’. The video, which surfaced on Wednesday, showcases the dynamic trio dancing with infectious energy, reminding everyone of the joy that cricket brings both on and off the field.
12.03 / 04:59
UPS security WhatsApp Hitachi Energy’s Rs 2,000 crore QIP subscribed 2 times, company may partially exercise the green shoe option
Hitachi Energy India’s Rs 2,000 crore qualified institutional placement (QIP), the largest such offering this calendar year so far subscribed two times on Tuesday, people familiar with the matter said. The issue with base size is Rs 2,000 crore with an option to upsize to Rs 3,000 crore, offered at an indicative price of Rs 11,507 per share, people said. With demand doubling, the company is likely to partially exercise the green shoe option, according to the people cited above.
12.03 / 04:11
markets Target trends Trade show performer recommendations Momentum stocks to sell in the bear market, as recommended by Raja Venkatraman
Subscribe to enjoy similar stories. In the midst of a bear market characterized by uncertainty, traditional trading strategies are proving ineffective. It is time for market participants to rethink their approach.
12.03 / 03:31
markets Provident economy country stars reports Destinations Double down on India, but don’t overlook Vietnam—a hidden investment gem, says Jim Walker
macroeconomic stability, highlighting the country’s policy certainty and structural improvements over the past three decades. At the same time, he sees significant potential in Vietnam’s rapidly evolving economy, making it a compelling investment destination for long-term growth.
12.03 / 03:31
Manufacturing Food trends President show track reports India's wholesale inflation likely fell to 2 pc in February from 2.3 pc in January: Report
inflation is expected to decline to 2 per cent in February 2025 from 2.3 per cent in January, primarily due to a drop in oil prices and a seasonal decline in food prices, according to a report by Union Bank of India. The report highlighted that the moderation in WPI inflation is largely driven by a fall in vegetable prices, which is a key component of food inflation. It said «Wholesale Price Index (WPI) is expected to moderate to 2.0 per cent (y/y) in Feb'25, low from 2.3 per cent in previous month, due to cooling in oil prices and seasonal drop in food prices». Within food, vegetable prices are estimated to have dropped by 12 per cent month-on-month. However, edible oil prices saw a slight increase during the month. Additionally, manufactured food prices remained stable as the prices of key inputs like sugar and edible oil showed only a mild rise. The report also added that the fuel index, which tracks price changes in petroleum products, is expected to remain in the negative zone in February. This decline follows a slight increase in the past two months.
12.03 / 03:31
UPS security wellness Winter Olympics stage Videos International Anand Mahindra seriously impressed with India's skating queen Tara Prasad, who gave up her US citizenship
Anand Mahindra is all praise for Tara Prasad. Taking to X on Tuesday, the billionaire gushed about the Indian-American figure skater, praising her for her considerable accomplishments. Dropping a video of Tara in her element on the skating rink, the Mahindra Group Chairman praised her for making India proud. “Apparently Tara switched her U.S. citizenship to an Indian one in 2019 and has since been our national skating champ three times. Well done, Tara. I hope you are in the vanguard of athletes who give India a noticeable presence in winter sports. I know you narrowly missed out on a spot in the last Winter Olympics but have your sights set on the games in ‘26. We’ll all be rooting for you. Go chase that dream,” the comment read.
12.03 / 03:31
markets UPS Sustainability wellness show travelers rights Varun Goel on 3 themes one can invest in this market
Varun Goel, Senior Fund Manager, Mirae Asset Investment Managers, says the lending space definitely looks attractive, both banks and NBFCs. Secondly, export-oriented sectors, be it IT and pharma, should do well. There has been a significant depreciation in the rupee, which will definitely boost the margins of a lot of these exporting companies. Low-ticket discretionary items in India should also show a good bounce back as the benefit of tax cuts start showing the impact. So, there are a lot of sectors which should see good earnings growth coming back in FY26 and they are selectively participating in those spaces. How are you assessing the market construct right now with so many moving parts at play? The US equity market correction has just begun. We are seeing a reversal in the dollar as well, which typically has never been the case because in a risk of a scenario, you actually see the dollar hold up. But that is not really the case right now and of course, emerging markets are a bit of a divided construct as well, if you will. Varun Goel: As far as Indian markets are concerned, a cyclical slowdown has been playing out for the last six to nine months and it appears that growth is incrementally going to get better.
12.03 / 03:31
UPS Bill trends Trade reports India's trade deficit likely narrowed to USD 21.5 Bln in February from USD 23 Bln in January: UBI Report
Union Bank of India. However, the report also noted that the geopolitical risks, especially concerns over tariffs, will continue to influence trade dynamics. It said "Merchandise trade deficit likely narrowed in Feb'25 to USD 21.5 bln vis-a-vis USD 23.0 bln a month ago". The report suggested that 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. Despite this improvement, the report added that the extent of recovery in trade balance may be limited due to growing concerns over new trade restrictions and tariff increases following the change in the U.S. administration.
12.03 / 03:31
COST Provident Digital Racing security SpaceX country Reliance joins the race! Jio signs deal to bring SpaceX's Starlink internet to India after Airtel's pact
Reliance Jio has announced a partnership with Elon Musk’s SpaceX to offer Starlink satellite internet services in India. The deal, however, hinges on government approval before SpaceX can begin operations in the country. Under the agreement, Jio will make Starlink equipment available in its retail stores and online platforms while also providing installation support. This collaboration comes after a previous clash between the two companies over spectrum allocation for satellite services. While Jio pushed for an auction, the Indian government sided with Musk’s preference for administrative allocation, in line with global practices. Jio’s announcement comes just a day after Bharti Airtel inked a similar deal with SpaceX. Airtel, which has a long-standing presence in satellite communications through its OneWeb project, is positioning itself to leverage Starlink’s capabilities. The two telecom giants are now set to compete not only in traditional broadband but also in the satellite internet space. Both deals are conditional upon Starlink obtaining government approval to begin operations in the country.
12.03 / 03:31
markets COST Strategy economy wellness shock rights We will deploy cash in largecaps on another 10% dip; comfortable with BFSI, IT: Chirag Mehta
Chirag Mehta, CIO, Quantum AMC, says small and midcaps are still a bit expensive and there could be some more current downsides because of the high valuations that prevail in those segments. From a largecap perspective, some pockets of opportunity are starting to emerge. But on a broader basis, there could be some more downside from here on and would give a good opportunity to deploy further into the markets. Mehta also says in the case of IT, on a holistic basis, there could be near-term jitters, but from a medium to long-term perspective, we are still comfortable with what Indian IT services can deliver. What is your take on the markets right now? We are seeing of late that India is witnessing a bit of a recovery, but it is the global peers that are under pressure. Has the majority of the selling for Indian markets already happened and maybe it is time to look out for some of the opportunities in this market or do you believe that there could be some more pain in store? Chirag Mehta: Yes, India was doing well in terms of economic growth over the last two years on a relative basis and also the market was reflecting that. But markets got carried away in terms of valuations that they were prevailing in across the segment and more so in the mid and smallcap segment given the flows to that segment were very high.
12.03 / 02:31
CAT Virus information reports prevention infection symptoms Worried your cat is at risk for bird flu? Here's how to spot it
Subscribe to enjoy similar stories. Recently, the emergence of avian influenza or bird flu in feline populations has raised concerns among veterinarians and cat owners. While bird flu primarily affects avian species, certain strains have crossed species barriers, leading to infections in mammals, including domestic cats.
12.03 / 02:19
FIVE WhatsApp Southern Department Updates India weather update: Rain predicted in 18 states including Delhi, Kerala and northeast, Gujarat to witness heatwave
According to the India Meteorological Department (IMD), the first has originated in Iraq and is moving towards the hilly regions of northern India, bringing rainfall to the area. At the same time, a second cyclonic circulation has developed over Bangladesh and will bring rainfall in eastern and north eastern states over the next five days. In contrast, the weather department has issued a heatwave alert for the western state of Gujarat. The state is expected to experience severe heat on Wednesday, with temperatures predicted to range between 37 to 41 degree Celsius in several areas. The IMD forecasts the heatwave till Thursday, which could extend until Friday.
12.03 / 02:19
security President War Freedom reports travelers International US VP JD Vance to visit India with Second Lady Usha Vance: Report
Vice President JD Vance will travel to India later this month, joined by Second Lady Usha Vance. According to a Politico report citing three sources familiar with the plans, «Vice President JD Vance will travel to India later this month alongside Second Lady Usha Vance.» This will be Vance’s second foreign visit since assuming office. His first trip took him to France and Germany, where he made his global debut as vice president. While the upcoming trip is another step in his diplomatic engagements, for Usha Vance, it holds personal significance—it will be her first visit to India as Second Lady. Her parents emigrated from India to the United States, making this trip a homecoming of sorts.
12.03 / 02:05
markets Provident Tesla SpaceX Mint Quick Edit | Starlink’s entry to India: Foster rivalry in this market
Subscribe to enjoy similar stories. The debut of Starlink’s satellite internet services in India has been a matter of much anticipation.
12.03 / 02:05
UPS wellness Trade country reports International Arming up: ‘Be Indian, buy Indian’ is a useful mantra for strategic autonomy
Subscribe to enjoy similar stories. India has long been counted among the world’s top importers of arms. So, any slip in our worldwide rank grabs attention.
12.03 / 01:05
markets Provident Aware Racing Enterprise Research rights Airtel-Starlink pact: Mittal, Musk edge past Ambani in satellite internet race
Subscribe to enjoy similar stories. New Delhi: Sunil Mittal-chaired Bharti Airtel Ltd has inked a pact with Elon Musk-backed Starlink to offer satellite internet services in India, raising the stakes in the battle with Mukesh Ambani's Reliance Jio Infocomm Ltd. Starlink’s service will be marketed in India through Airtel.
12.03 / 01:05
awards President War poverty country voice stars Mint Primer: Chagos: Why India supports a cause forgotten by the world
Subscribe to enjoy similar stories. Chagos is one of the world’s longest-running unresolved issues of decolonization, whose return to Mauritius has been championed by India for decades. Prime Minister Narendra Modi’s visit to Mauritius this week can help see the campaign to its logical conclusion.
12.03 / 01:05
markets UPS Booking Trade show Investigations International Derivatives debacle: IndusInd Bank stock crumbles, investors panic
Subscribe to enjoy similar stories. Mumbai: Shares of IndusInd Bank plunged 27.2% on the bourses on Tuesday, a day after the private sector lender flagged discrepancies in its derivatives portfolio, sending panicked investors scrambling to the sell counters.
12.03 / 01:05
markets UPS 2020 reports Interviews International Promoter Hinduja backs IndusInd Bank’s MD, says lender’s balance sheet strong
Subscribe to enjoy similar stories. Mumbai: Ashok Hinduja, chairman of IndusInd International Holdings Ltd (IIHL), the promoter of IndusInd Bank, expressed complete confidence in the ability of the bank’s managing director (MD) and chief executive officer Sumant Kathpalia to steer the bank through its challenges. Hinduja’s backing came on a day when IndusInd Bank’s stock dropped 27.17% to its 52-week low.
12.03 / 01:05
markets Target Research trends Experts show recommendations Recommended stocks to watch: Top stock picks by market experts for 12 March
Subscribe to enjoy similar stories. Top stock recommendations by MarketSmith India for 12 MarchTrent Ltd: Current market price: ₹4,995.45 | Buy range: ₹4,850–5,050 | Profit goal: ₹6,200 | Stop loss: ₹4,650| Timeframe: 1–2 months Coal India: Current market price: ₹379.05 | Buy range: ₹370–382 | Profit goal: ₹430 | Stop loss: ₹349 | Timeframe: 1–2 months Also Read: Investing 101: How to identify a fraud company Hindalco: Buy at ₹695.50 | Target ₹740-750 | Stop loss ₹676 On the daily chart, the stock is showing bullish momentum. The RSI is above 60, indicating strong buying pressure.

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