India Financial News

On the BSE, Kesoram Inds.(down 95.24 per cent), Raghuvansh Agrofarm(down 20.00 per cent), RLF Ltd(down 15.65 per cent), Aadi Industries Ltd.(down 10.71 per cent) and Octaware Tech(down 9.99 per cent) were among the stocks that plunged over 5 per cent during the session.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.Nifty 50 Today Live Updates: At current prices Nifty 50, faces the below Resistance and Support levels On the last trading day, the Nifty 50 closed at 22,544.70. This figure reflects the index's performance on that day, indicating market sentiment and trends among the top 50 companies listed on the National Stock Exchange of India.

Subscribe to enjoy similar stories. When you see it from a distance, the new Google India campus on Bengaluru’s chaotic Outer Ring Road does look like the infinity symbol. With a curved, rounded structure, both in the outer walls of the building as well as the roof, the building creates an impression of the endless loop.

Mhow, Madhya Pradesh on Sunday during the victory celebration of Team India's ICC Champions Trophy win, an official said. Several vehicles were torched and vandalised, prompting authorities to heighten security in the area. Deputy Inspector General of Police (DIG, Rural) Nimish Agarwal told media that a preliminary investigation is going on into the incident.

Nirmala Sitharaman, said Romal Shetty, CEO of Deloitte South Asia. «Our domestic consumption-driven economy, which makes up 62% of our GDP, shields us from external fluctuations. And our favourable geopolitical alignment opens doors where others see barriers,» Shetty said at the ET Awards for Corporate Excellence in Mumbai on Saturday.

Indian Renewable Energy Development Agency (IREDA) shares will be in focus on Monday after the company announced that the Reserve Bank of India (RBI) has not approved its request for equity investment in the 900 MW Upper Karnali Hydro Electric Power Project in Nepal. IREDA stated that it plans to resubmit the proposal. The company had earlier received in-principle approval from its board on 16 July 2024 to invest up to 10% equity in GMR Upper Karnali Hydro Power Limited, Nepal, and Karnali Transmission Company Pvt. Ltd., Nepal, in partnership with SJVN. The total investment was estimated at around Rs 290 crore, subject to approvals from the Government of India and other regulatory authorities. Existing shareholders of GMR Upper Karnali Hydro Power Limited include GMR and the Nepal Electricity Authority.

ONGC will be in focus on Monday after its subsidiary ONGC PetroAdditions Ltd (OPaL) decided to relinquish its «only-for-export» status and shift its focus to the rapidly expanding domestic petrochemical market. The company has received final approval to exit the Dahej Special Economic Zone (SEZ), and will now operate as a Domestic Tariff Area (DTA) unit, effective from March 8, 2025. This move will enable OPaL to concentrate primarily on serving the domestic market, instead of exporting products, which was the primary purpose of operating within an SEZ. As a DTA unit, OPaL will be exempt from paying customs duties on products sold within India, which is expected to enhance its profit margins.

N Chandrasekaran, who joined the Tata Group in 1986 as an intern about four decades ago, with the dream of shaking hands with Ratan Tata. Chandrasekaran ended up succeeding him as chairman of Tata Sons in 2017. In his tribute to the late Tata Group patriarch, Chandrasekaran said, «For him, the small things mattered more. He paid close attention not only to people with the big ideas but what also mattered was his attention to the small things. He cared for the people who could not defend themselves and what set him apart was that he was a defender of the defenceless. I have seen it on so many occasions that he never said anything just for the sake of it and never acted upon anything for the sake of it.»

global trade war led investors to safe havens, lifting the yen and the Swiss franc. Markets have been fixated on simmering trade tensions across the world as U.S. President Donald Trump slapped tariffs on top trading partners only to delay some of them for a month amid growing signs and fears of the U.S. economy slowing down.

Vishakha Mulye, CEO of Aditya Birla Capital and ET's Businesswoman of the Year for 2024 expressed her strong belief in India's growth potential and her company's ability to seize and leverage these opportunities. She emphasised that her organisation's mission was to simplify finance and align with the vision of a 'Viksit Bharat'. «At Aditya Birla Capital, our goal is to make finance as simple as ABCD, which is also the name of our newly launched platform this year,» Mulye said after receiving the award. «We are excited about the vast opportunities in the Indian market and firmly believe that we have the right foundations in place to capitalise on them.»

Howard Marks, Co-chairman of Oaktree Capital Management, during his Mumbai visit, believes fixed-income investments are now highly competitive, with high-yield bonds offering returns of 7% and private credit reaching up to 11%. "High yield bonds are at 7%, other strategies are at 7%, maybe as high as 8%, private credit at 9-11%," he noted, reinforcing the case for fixed income as an alternative to equities.

Zomato's rise as a public company has been rapid as it has expanded into businesses beyond food delivery over the past few years. Adding quick commerce through its Blinkit acquisition and later buying out Paytm Insider to bulk up its going-out business, Zomato's success has emanated from combining profitability with the growth potential of its quick commerce unit and other new businesses which drove its market capitalisation to an all-time high of ₹2.75 lakh crore ($32 billion) by December 2024.

India has a unique opportunity to become a pivotal player on the global stage, according to Fareed Zakaria, India-born American journalist, political commentator and author. Speaking to the audience at the ET Awards for Corporate Excellence in Mumbai on Saturday, Zakaria said as a rising economic power, India is critical to the West for strategic reasons while remaining well-regarded and connected with the Global South.

Nifty rebounding from its oversold trajectory. However, Rajesh Palviya, technicals and derivatives analyst at Axis Securities, cautions that the rally remains fragile unless key resistance levels are surpassed. In an interaction with ETNow, he highlighted the significance of 22,750 as a pivotal level that needs to be breached for a stronger uptrend. «There is a recovery from oversold trajectory of Nifty. But still, we are trading below to 20-day moving average, which is placed at around 22,750 kind of level. So, that level needs to cross in this recovery,» he stated.

Subscribe to enjoy similar stories. Amid global tariff flux and confusion over aims, India has made a relatively straightforward move.

Subscribe to enjoy similar stories. When you make a pact with the devil, he always comes back to get his due. I wish Volodymyr Zelensky had remembered this before getting into a confrontation with Russia.

Subscribe to enjoy similar stories. Earnings downgrades of India Inc. continue amid slowing economic growth domestically and global trade uncertainty, but UTI AMC's chief investment officer sees an improvement for Nifty 50 earnings in the next fiscal year from the mid-single digit consensus forecast for FY25.

Subscribe to enjoy similar stories. India's drugmakers saw healthy revenue growth across all therapies in February as they debuted new drugs and raised prices, an industry report showed. Sales in the domestic pharmaceutical market in February touched ₹18,781 crore, up 7.5% from a year earlier, data from B2B commerce platform Pharmarack showed.

Subscribe to enjoy similar stories. Investors in Bharat Electronics Ltd (BEL) stock are tracking whether it will meet its FY25 order inflow guidance of ₹25,000 crore. Last week, the public sector defence company said it secured additional orders worth ₹577 crore, bringing the total order inflows in FY25 so far to nearly ₹14,000 crore.

Subscribe to enjoy similar stories. Hyundai Motor India Ltd's proposals to buy goods and services in excess of ₹31,000 crore next financial year from related companies, which could be more than half the purchases it made in the previous fiscal, have divided two of the country's leading proxy advisory firms. Stakeholders Empowerment Services (SES) and Institutional Investor Advisory Services (IiAS), both based in Mumbai, have put out contrasting notes on Hyundai's resolutions for dealing with seven related companies.

Mumbai: India's housing finance market could more than double in value to '81 lakh crore in the next five years, according to a report by CareEdge Ratings. The ratings firm said the growth will be driven by robust structural elements and favourable government incentives, making housing finance an attractive asset class for lenders. India's housing finance market is valued at '33 lakh crore. CareEdge Ratings said the country's residential properties market remains buoyant, a key driver of the housing finance industry, having seen absolute growth of 74% since 2019 to 460,000 units in 2024.