India Financial News

K Appala Naidu has pledged financial support for families in his constituency, offering a fixed deposit of Rs 50,000 for every third child born as a girl. According to Naidu, this deposit could grow to Rs 10 lakh by the time she reaches marriageable age. If the third child is a boy, the family will instead receive a cow and a calf. «If the third child is a boy, we will give a cow and a calf. Will make a fixed deposit of Rs 50,000 if the third child is a baby girl. The Indian population has to rise,» Appala Naidu said on Sunday.

Tata Steel, JSW Steel and Hindalco rallied up to 2% on the BSE today after the global brokerage firm Jefferies stated that it maintains a constructive view on the Indian metals sector, naming the mentioned stocks as their top picks. Tata Steel has received a ‘Buy’ rating, with Jefferies raising its target price to Rs 180 from Rs 165. Meanwhile, JSW Steel has been assigned a ‘Hold’ rating, with an upward revision of its target price to Rs 920 from Rs 850. Hindalco also remains a favored pick with a ‘Buy’ rating and a target price of Rs 800.

Balkrishna Industries Ltd.(up 0.57 per cent), Ashok Leyland Ltd.(up 0.49 per cent), Tata Motors Ltd.(up 0.33 per cent) and Maruti Suzuki India Ltd.(up 0.07 per cent) were among the top gainers.

IndusInd Bank shares slumped over 5% on Monday as analysts flagged concerns over strategic uncertainty after the Reserve Bank of India (RBI) granted CEO Sumant Kathpalia only a one-year extension instead of the three-year term sought by the bank’s board. Brokerages reacted with a mix of target price downgrades and cautionary outlooks, citing leadership instability, asset quality concerns, and regulatory scrutiny. This is the second consecutive time the RBI has approved a shorter tenure for Kathpalia than what was proposed by the board. The private lender’s stock has lost 42.45% over the past year, 8.41% in the last three months, and 9.11% in the last week alone.

The report highlighted that IT companies integrating AI into their operations and services are more likely to achieve higher productivity, faster growth, and access to larger transformation deals as businesses increase their AI investments. It said «The consensus among IT industry leaders is clear — AI is not optional, it's an imperative».

Infosys Ltd.(up 1.57 per cent), HCL Technologies Ltd.(up 0.45 per cent) and Tata Consultancy Services Ltd.(up 0.16 per cent) were among the top gainers.

Bharat Electronics Ltd (BEL) grabbed investor attention on Friday, rising 2.3% to an intraday high of Rs 283.45 on the BSE ahead of its record date for determining the shareholder eligibility for an interim dividend of Rs 1.5 per share. The record date and the ex-date for this purpose is March 11.

«It is quite possible we may go through some bit of consolidation as we grapple with global macros, as we grapple with local macros, but post that we should be in a pretty much a sweet spot,» says Nilesh Shah, MD & CEO, Envision Capital. Is the market going to be a winner or not? Have we sold out enough? Nilesh Shah: Yes, India will remain a winner, be it sports or be it the Main Street or be it the Mint Street, India remains a long-term winner. Yes, there would be a bit of upheavals here and there. Like in sports, you lose one match or so, but ultimately what matters is winning the trophy, winning the tournament. I clearly believe India will continue to win this trophy of being the star in emerging markets.

Simbhaoli Sugars Ltd.(up 2.11%), Ponni Sugars(Erode)Ltd.(up 0.88%), Kothari Sugars & Chemicals Ltd.(up 0.31%) and Bannari Amman Sugars Ltd.(up 0.11%) were among the top gainers.

Nielsen, a global leader in audience measurement, data, and analytics had leased 2.86 lakh sqft across Goregaon in Mumbai and Whitefield in Bengaluru, to expand its presence as part of the company’s broader strategy to strengthen presence in the region, driving business growth and enhancing operations. The new offices has seating capacity for 1,500 employees each. The Mumbai office, leased from Oberoi Realty Limited, spans 1.5 lakh sq. ft., while the Bengaluru office, leased from Chalet Hotels Limited, covers 1.36 lakh sq. ft. Nielsen plans to open more offices across India, including in locations like Gurgaon and Hyderabad.

real money gaming companies, AIGF, EGF and FIFS, have jointly signed a "code of ethics" which their member companies will adopt for promoting user safety and responsible gaming practices, including KYC verification, spending limit etc, a join statement said on Monday. The members of these gaming industry bodies include Dream11, My11Circle, Khelo Fantasy Live, SG11 Fantasy, WinZO, Games24X7, Junglee Games etc. «The All India Gaming Federation (AIGF), the Federation of Indian Fantasy Sports (FIFS), and the E-Gaming Federation (EGF), today jointly signed a 'Code of Ethics' (CoE) »The CoE is aimed at enforcing consistent standards of user safety across the industry through the implementation of responsible gaming and advertising policies and mandates annual third-party audits and comprehensive reporting mechanisms to ensure accountability and transparency," the statement said.

Subscribe to enjoy similar stories. IndusInd Bank’s stock closed nearly 4% lower on March 7, 2025, marking its fourth consecutive session of decline. The sharp fall came in the wake of two major developments—the Reserve Bank of India (RBI) approving Sumant Kathpalia’s reappointment as CEO for just one more year instead of the three-year tenure sought by the bank, and reports that Nippon Life Insurance Co.’s India unit, Reliance Nippon Life Insurance, is considering acquiring a minority stake in the lender.

ICC Champions Trophy 2025 against New Zealand on Sunday, India's stalwart batter Virat Kohli shared his thoughts on the title win and said that he is happy as the team was able to play as a unit. In the final, it was Rohit Sharma who led the way. In the semi-final, it was Virat Kohli with the bat and Mohammed Shami with the ball, among others. India won five straight games to claim the Champions Trophy 2025, and in each of those contests, a handful of their star players shone brightly. Those contributions led to another title-yielding run in a major ICC event.

Axis Securities has an equal weight call on Cholamandalam Investment & Finance Company with a target price of Rs 1650. The current market price of Cholamandalam Investment is Rs 1465.9. Cholamandalam Investment & Finance, incorporated in 1978, is a Large Cap company with a market cap of Rs 122829.71 crore, operating in the NBFC sector.

Umang Dairies Ltd.(up 4.30%), Future Consumer Ltd.(up 3.71%), LT Foods Ltd.(up 2.23%), Vadilal Industries Ltd.(up 2.20%), Dangee Dums Ltd.(up 2.02%), Emami Ltd.(up 1.94%), Hindustan Unilever Ltd.(up 1.89%), Colgate-Palmolive(India)Ltd.(up 1.83%), Mrs. Bectors Food Specialities Ltd.(up 1.68%) and Nakoda Group Of Industries Ltd.(up 1.42%) were among the top gainers.

Domestic benchmark index NSE Nifty gained 88.21 points to 22640.7, while the BSE Sensex traded 300.56 points up at 74633.14.

Subscribe to enjoy similar stories. The Securities and Exchange Board of India (Sebi) introduced curbs on options trading with the aim of cooling down market frenzy on expiry day. However, instead of merely slowing down trading excesses, these measures have triggered fresh rivalry between the NSE and the BSE.

The NSE Nifty index was trading 82.91 points up at 22635.4, while BSE Sensex was up 276.91 points at 74609.49 at the time of writing this report.

bond yields were barely changed at the start of a week that would see key events including heavy debt supply, bond purchases from the central bank and inflation data due in India as well as the United States. The benchmark 10-year yield was at 6.6902% as of 9:45 a.m. IST, compared with its previous close of 6.6881%.

ICICI Bank Ltd.(up 0.8 per cent), State Bank of India(up 0.51 per cent), Axis Bank Ltd.(up 0.41 per cent) and HDFC Bank Ltd.(up 0.05 per cent) were among the top gainers.

Indian rupee weakened on Monday on the back of strong demand to buy dollars at the daily reference rate and as the Chinese yuan slipped amid worries about the country's economy and a global trade war. The rupee declined 0.4% to 87.26 against the U.S. dollar as of 9:45 a.m. IST.