India Financial News
05.02 / 08:39
UPS
wellness
country
exclusive
No tax on income up to ₹12 lakh. Are NRIs eligible?
Budget 2025 has been well received by middle-class Indians, particularly due to the zero tax on income up to ₹12 lakh under the new tax regime. However, not all non-resident Indians (NRIs) are thrilled.
05.02 / 08:21
markets
Provident
Digital
security
Strategy
Experts
PAM
NFO Alert: ITI Mutual Fund launches Bharat Consumption Fund
ITI Mutual Fund on Wednesday announced the launch of the ITI Bharat Consumption Fund, an open-ended thematic fund that will follow the consumption theme. The scheme will predominantly invest in equity and equity-related securities of companies engaged in consumption and consumption-related activities or allied sectors.
05.02 / 08:21
05.02 / 08:21
markets
UPS
IPO
Analysis
Trade
Experts
band
Chamunda Electricals IPO subscribed over 28 times so far on Day 2: Check GMP, price band and other details
Chamunda Electricals was fully subscribed on Wednesday with an overall subscription of 28.5 times as of 12:22 pm on the second day of bidding. The IPO, a book-built issue of Rs 14.60 crores, offering a fresh issue of 29.19 lakh shares, will be available for investors to bid till February 6. The retail portion of the issue was subscribed 43.2 times, while the issue was subscribed 24.1 times in the non-institutional investors’ category on the second day of bidding. Meanwhile, the qualified institutional buyers had subscribed by 6.02 times the allotted portion.
05.02 / 08:21
markets
Digital
Action
Strategy
PAM
reports
"Handcuffed and humiliated": Congress leader Pawan Khera slams US deportation of Indians
Pawan Khera on Wednesday expressed sadness to see pictures of Indians getting «handcuffed and humiliated» while being deported from the US. His statement comes after reports claimed that US was using military planes to deport migrants to India.
05.02 / 05:23
UPS
Experts
electronic
information
recommendations
rights
Videos
Wingify’s Paras Chopra eyes India's new tech subsidy to bootstrap his new AI venture
Subscribe to enjoy similar stories. Wingify founder Paras Chopra has set his sights on getting access to subsidised graphic processing units (GPUs) from the government to help with his next big idea, a foundational artificial intelligence model. Last week, electronics and information technology minister Ashwini Vaishnaw announced at a press briefing that 10,000 GPUs at a common compute facility will soon go online.
05.02 / 04:37
MET
film
shooting
Celebrity
paparazzi
Videos
Fans can’t get enough of Priyanka Chopra and her daughter's matching outfits at Siddharth Chopra’s wedding. Check viral video
Priyanka Chopra, who resides in Los Angeles, always manages to create a buzz whenever she visits India. Her presence is met with excitement from fans eager to catch a glimpse of her, while photographers hustle to capture her every move. Known for her gracious demeanor, Priyanka often engages warmly with the paparazzi, maintaining her status as a favorite among them. She is currently in India filming her upcoming project, SSBM29.
05.02 / 04:37
markets
Target
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Analysis
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Pharmaceuticals
Sell Divi's Laboratories, target price Rs 4,500: ICICI Securities
sell call on Divi's Laboratories with a target price of Rs 4,500. The current market price of Divi's Laboratories is Rs 6081. Divi's Lab, incorporated in 1990, is a Large Cap company with a market cap of Rs 161670.37 crore, operating in the Pharmaceuticals sector. Divi's Laboratories' key products/revenue segments include Pharmaceuticals, Scrap, Sale of services and Export Incentives for the year ending 31-Mar-2024.
05.02 / 04:37
markets
UPS
Target
Analysis
Trade
Experts
reports
Birla Corporation shares in focus after Q3 net profit declines 71% YoY
Birla Corporation shares will be in focus on Wednesday, February 5, after the company reported a 71.4% year-on-year (YoY) decline in consolidated net profit to Rs 31.19 crore for Q3 FY25. In the same period last year, net profit stood at Rs 109.14 crore. The company attributed the decline to lower cement prices, particularly in Maharashtra and central India. Realization from cement sales in Q3 stood at Rs 4,781 per tonne, down 9.5% YoY but up 1.8% sequentially from Rs 4,697 per tonne in Q2 FY25.
05.02 / 04:37
markets
Digital
Aware
Strategy
Insignia
PAM
Zomato looking to lease up to 2 mn sq ft in Gurugram
Zomato is in advanced discussions to lease about 1 million sq ft in Gurugram with an option to add another 1 million sq ft, in one of the largest office space transactions in the country, two people aware of the development said.
05.02 / 04:03
UPS
Citi
Target
Platform
cover
travelers
gatherings
The startups that are learning to hustle afresh at the Maha Kumbh Mela
Subscribe to enjoy similar stories. Bengaluru: At the Maha Kumbh Mela, India’s largest spiritual congregation, several established startups are elbowing their way through the rush to convert devotees pouring in from the country’s remotest corners into consumers.
05.02 / 01:31
security
Analysis
Research
Trade
Experts
reports
rights
Stocks in news: Swiggy, Titan, Tata Power, Hero MotoCorp, Bandhan Bank
Swiggy, Titan, Tata Power, Hero MotoCorp, Bandhan Bank among others will be in focus due to various news developments. Swiggy, Reliance Power, Info Edge Shares of Swiggy, Reliance Power and Info Edge will be in focus as these companies will announce their quarterly results today.
05.02 / 01:31
markets
Action
security
Analysis
Research
Trade
Experts
Pre-market action: Here's the trade setup for today's session
«The index rebound signals a determined effort by bulls to reclaim lost ground, with a decisive break above the critical resistance at the 200 DEMA i.e. 23,620 in Nifty potentially strengthening their position further. The next target range stands at 23,900–24,200,» said Ajit Mishra – SVP, Research, Religare Broking.
05.02 / 00:59
markets
SUN
security
show
performer
reports
Are AMC stocks still a good bet even as markets correct?
Subscribe to enjoy similar stories. Asset management companies (AMCs) were among the top picks for many investors during the Indian markets' bull run. But over 10% correction has turned the tide for Indian asset managers.
05.02 / 00:59
markets
Target
Action
trends
recommendations
rights
Ahead of RBI's policy meeting, Raja Venkatraman recommends stocks for 5 February
Subscribe to enjoy similar stories. On 4 February, global cues dictated the trends once again. After a weak start that was beset with some apprehension, the strong resurgence by the bulls has surprised the bearish camp to move beyond the Budget-day high.
05.02 / 00:59
COST
Target
Mobile
economy
Fitch
country
Mint Primer | Sovereign rating: How India can go from B to A
Subscribe to enjoy similar stories. Fitch Ratings has rated India as “BBB-" with a stable outlook. This means India’s credit quality is good and the chances of a default are low; however, adverse business or economic condition can impair this quality.
05.02 / 00:59
markets
Provident
Sustainability
trends
Trade
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recommendations
Stocks to buy: MarketSmith India recommends these two stocks for 5 February
Subscribe to enjoy similar stories. Nifty50, India's benchmark index, closed 378 points higher at 23,739.25 on Tuesday after the US decided to pause the tariffs planned for Mexico and Canada, providing short-term relief from growing trade tensions. Taking cues from global markets, the index started the session with a gap-up opening at 23,509.90 and continued its bullish momentum throughout the day to close near the day’s high.
05.02 / 00:59
markets
FIVE
Enterprise
NVIDIA
Research
trends
Trade
Five stocks to trade today—5 February
Subscribe to enjoy similar stories. The stock has been undergoing a lot of volatility and recent profit-booking has dragged its prices into the Kumo support region and is now spurring a rebound. The robust long body candles indicate some positive traction ahead.
05.02 / 00:59
UPS
Action
Research
President
electronic
reports
India begins to design own AI chip. The tougher part comes next
Subscribe to enjoy similar stories. New Delhi: India has taken the first step to develop an AI chip from the ground-up to substitute Nvidia’s powerful processors, which have shaken up the global tech landscape and re-established the US's outsized dominance in the crucial sector. Work on developing the framework for the chip to power artificial intelligence systems is under way, and an official announcement is expected later this year, said three senior officials aware of the development.
04.02 / 18:39
markets
BLOCK
Manufacturing
Action
country
patient
Pharmaceuticals
Budget 2025: 'Customs waiver on life-saving drugs won't benefit most patients'
import duty waiver on life-saving drugs and drugs for rare diseases, announced in the union budget, will not benefit most patients as their prices will remain high due to patent monopolies that block generic supply, patients' representatives and activists said on Tuesday.
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