India Financial News
06.02 / 00:51
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Will there be another derivatives dampener? NSE seems to think so
Subscribe to enjoy similar stories. India's top stock exchange is on the watchout for fresh measures from the stock market regulator to cool the derivatives frenzy, even as a slew of recent measures begin to take effect. Average daily traded volume (ADTV) in NSE's equity futures segment fell 15% to ₹1,71,825 crore, an NSE presentation for the December quarter showed.
06.02 / 00:51
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Stocks to buy: MarketSmith India recommends these two stocks for 6 February
Subscribe to enjoy similar stories. The Nifty 50, India's benchmark index, closed 43 points lower at 23,772.05 and snapped its two-day gaining streak. Taking cues from the global markets, the index started the session with a muted opening at 23,801.75 and continued to trade in a broad range of 23,680–23,810 to close near the day’s low.
06.02 / 00:51
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On cards, a code to unlock makhana's full potential
Subscribe to enjoy similar stories. New Delhi: The ministries of commerce and agriculture are working on securing a globally accepted HSN (harmonized system of nomenclature) code for foxnuts to boost exports of the popular aquatic crop, two people aware of the matter told Mint. Makhana, as it is called in India, has gained global recognition for its nutritional value, but is currently exported as a “dry fruit", making it difficult for authorities to accurately track exports.
06.02 / 00:21
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New India Head at CitiBank
Vis Raghavan, head of banking at Citibank, and Ernesto Torres Cantu, head of international, on Wednesday announced that India CEO Ashu Khullar will partner with Anthony Diamandakis to be co-head of global asset managers (GAM) at the bank. K Balasubramanian will replace Khullar as India subcontinent banking head, and CCO, for the bank, reporting to Amol Gupte, head of Asia South and banking head, subject to regulatory approval from the RBI. ET had reported about the promotions in its Wednesday edition.
06.02 / 00:21
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Promoters continue to pare stakes even as stock prices fall
stock market downturn. On the contrary, they have trimmed their stakes further since October, continuing their selling spree from most of the earlier part of 2024. Since October 1, when the market began declining, promoters of nearly 120 mid- and small-cap companies have sold shares worth ₹7,000 crore.
05.02 / 18:33
05.02 / 17:17
05.02 / 16:57
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Religare independent director Hamid Ahmed resigns
Religare Enterprises on Wednesday said its independent director Hamid Ahmed resigned from the board of the company. Ahmed, who is CEO of Hamdard Laboratories India, Foods Division, ceased to be non-executive independent director of the company from February 4.
05.02 / 16:57
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Tesla shares down 2% as sales fall 60% in Germany as Musk backs far right
Tesla sales plunged in Germany last month, official data showed Wednesday, after billionaire owner Elon Musk waded into the country's election campaign by vocally backing the far right. Shares of the company were trading 2.61% down at $381.99 at 11.38 am on Nasdaq.
05.02 / 15:53
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Ahead of Market: 10 things that will decide stock market action on Thursday
stocks. Investors stayed cautious ahead of the Reserve Bank of India's three-day monetary policy meeting, which commenced today, with expectations of an impending rate cut. The benchmark BSE Sensex lost 312.53 points or 0.40% to close at 78,271.28, while the broader Nifty 50 index closed at 23,696.30, lower by 42.95 points or 0.18%.
05.02 / 15:53
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Rahul Dravid's road accident video in Bengaluru goes viral, his reaction takes netizens by surprise
Rahul Dravid was involved in a minor road accident in Bengaluru on Tuesday, February 4. The incident, which took place on Cunningham Road, was caught on video and has since gone viral on social media. According to a report by TV9 Kannada, a goods auto hit Dravid’s parked vehicle from behind, causing his car to collide with the vehicle in front.
05.02 / 15:53
05.02 / 15:13
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Policy intervention must for carbon credit trading: Tata Power CEO Praveer Sinha
Subscribe to enjoy similar stories. MUMBAI : One of India’s largest renewable power generators, Tata Power, has not participated in the country's nascent International Renewable Energy Certificates (IRECs) market—considered an alternative to carbon credits—citing a lack of buyers. Praveer Sinha, Tata Power's managing director and chief executive officer, said policy intervention—in terms of target-based incentives and disincentives—is a must to breathe life into the IREC and carbon credit market in India.
05.02 / 15:13
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Shorts on Nifty, Bank Nifty hit record high. Are FPIs bracing for a market shock?
Subscribe to enjoy similar stories. MUMBAI : Foreign portfolio investors (FPIs) had amassed a record 153,404 short contracts on Nifty and Bank Nifty futures as of Tuesday, a day before the Reserve Bank of India’s Monetary Policy Committee (MPC) begins its three-day meeting (5-7 February).
05.02 / 14:27
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Metropolis Healthcare to push regional growth with micro market focus: CEO Chemmenkotil
Subscribe to enjoy similar stories. Leading diagnostics chain Metropolis Healthcare is focusing on improving its footprint across key regions by customising its services and offerings for these micro markets, chief executive officer Surendran Chemmenkotil told Mint in an interview on Wednesday. This will likely enhance regional performance and push sales in the near term.
05.02 / 14:27
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AIIMS Delhi to be developed as model Ayushman Bharat Digital Mission facility, only e-prescriptions to be generated
Subscribe to enjoy similar stories. New Delhi: The Centre plans to develop India’s premier hospital—All India Institute of Medical Sciences (AIIMS) Delhi—as a model Ayushman Bharat Digital Mission (ABDM) facility where only e-prescriptions will be generated.
05.02 / 14:27
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India’s apex drug adviser’s term expired in October. The govt didn’t know.
Subscribe to enjoy similar stories. New Delhi: India’s highest decision-making body on technical matters related to medicines ceased to exist in October after its three-year term came to an end, grinding to a halt all drugs-related policy activities in the country ever since.
05.02 / 14:27
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OpenAI discussing localization of ChatGPT India data
Subscribe to enjoy similar stories. Generative AI pioneer OpenAI has begun discussions to house data of its Indian users within the country, three executives who attended Wednesday's New Delhi meeting with the company's chief executive said. “OpenAI is looking for ways to expand its India presence, which is a natural process since India is one of the biggest developer ecosystems for the company.
05.02 / 14:21
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GSK launches $2.5 bln buyback, lifts sales target after stellar Q4
GSK launched a 2 billion pounds ($2.5 billion) share buyback on Wednesday and lifted its long-term sales target to nearly $50 billion, betting that growing sales of its HIV and cancer drugs will make up for pressures on its vaccines revenue. GSK's shares were up 6% at 1342 GMT after the British drugmaker's fourth-quarter results also topped expectations.
05.02 / 14:21
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Who is the mystery girlfriend of Donald Trump's FBI nominee, Kash Patel? Here's all about the 26-year-old country star
Donald Trump's FBI nominee, Kash Patel is a country music artist named Alexis Wilkins. Last week, Kash Patel, the FBI nominee for President Donald Trump, had a flurry of close friends and family gathered in the front row of his Senate confirmation hearing.
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