India Financial News

Ashok Piramal Group's Morarjee Textiles has received three bids to take over the company in a court monitored bankruptcy process, people familiar with the details said. Morarjee owes creditors, led by Indian Bank, ₹760 crore.

Life Insurance Corporation of India (LIC) on Tuesday said tax authorities have slapped a demand notice of about Rs 101.95 crore on it for short payment of Goods and Services Tax (GST) for five financial years. The company has received a communication/demand order for interest and penalty for several states, LIC said in a regulatory filing.

Foreign investors pumped in nearly Rs 823 crore in the cash market on Tuesday, which is the first time FII flows have been positive in just over a month. StockEdge data shows that FIIs have been net buyers last on January 2. Indian markets have been facing brutal wrath of foreign investors, as they sold over Rs 2 lakh crore in the last four months. In January alone, foreign outflows amounted to Rs 76,551 crore.

Higher Education Commission of India (HECI) which seeks to replace different regulators including UGC and AICTE could lead to closure of institutions in rural areas that suffer from infrastructure or faculty shortages and indirectly fuel privatization, a parliamentary panel has flagged. The committee, headed by Rajya Sabha MP Digvijay Singh, has recommended that a simplified hierarchy of regulatory bodies would be more effective.

Bryan Johnson, best known for his anti-aging project Blueprint, has sparked a global conversation after abruptly walking out of a podcast recording in India, citing unbearable air pollution. But it wasn’t just India’s smog that grabbed his attention—upon returning to the U.S., Johnson had a revelation of a different kind. He drew a startling comparison between India’s deeply normalized air pollution crisis and America’s obesity epidemic, questioning why neither country has declared these major health threats a national emergency.

GAIL is planning to exit its shale exploration business in the US, following in the footsteps of Reliance Industries and Oil India.

Tata Power is interested in setting up small modular nuclear reactors, CEO Praveer Sinha said on Tuesday, days after the country said it will open up the much-guarded sector to private investments.

5G spectrum soon, with the Telecom Regulatory Authority of India (Trai) giving recommendations for auction of nearly 3000 MHz airwaves in the millimeter wave (mmWave) band.

markets regulator Sebi on Tuesday facilitated the participation of retail investors in algorithmic trading (algo trading), which provides advantages of faster order execution and improved liquidity. At present, only institutional investors are allowed to put in algo trading, which provides significant advantages of timed and programmed order execution. Also, the regulator came out with a regulatory framework aimed at spelling out the rights and responsibilities of the main stakeholders of the trading ecosystem such as investors, brokers, algo providers/vendors and Market Infrastructure Institutions (MIIs) so that the retail investors can avail algo facilities with requisite safeguards.

Bajaj Allianz Life Insurance has launched its new index-based fund — Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund — which will be available along with its ULIP products.

Vyacheslav Volodin, the Chairman of State Duma, the Lower House of Russia's Parliament, on Tuesday said the bilateral trade between India and his country will reach USD 100 billion by 2030.

The Securities and Exchange Board of India (Sebi) has proposed an ambitious initiative to drive financial inclusion: Small-ticket systematic investment plans (SIPs) with a minimum monthly investment of ₹250. 

Delhi election is set to take place on Wednesday as the national capital is expected to witness a tightly contested three-way battle among the ruling Aam Aadmi Party (AAP), the Bharatiya Janata Party (BJP), and the Congress.

Finance Minister Nirmala Sitharaman said on Tuesday. Currently, Goods and Services Tax (GST) is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Luxury and demerit goods are taxed at the highest bracket of 28 per cent, while packed food and essential items are in the lowest 5 per cent slab.

Jaishankar on Tuesday said in a world that promises to be so volatile and uncertain, a stronger India-EU relationship can be an «important stabilising factor», as he asserted that the relationship between the two sides is more important than ever before. In his address at the inaugural session of the IIC-Bruegel annual seminar here, the EAM, without naming any country, also said that «in our own continent, international law has been disregarded with significant consequences».

Benchmark NSE Nifty closed 378.21 points up at 23739.25 amid buying in frontline bluechip counters.

Moody's Ratings said on Tuesday. Additionally, strong premium growth is expected to boost profitability of the sector.

These high-performing stocks that rallied more than 10% during the session included, Everlon Synth(14.35%), India Finsec(13.71%), Kalyan Jewellers Ind(12.32%), Aegis Logistics(11.92%), Dutron Polymers(11.88%), Techno Electric(11.28%), Nuvama Wealth Mgmt(11.12%), Pulsar International(10.18%), Spectrum Foods(10.01%) and South West Pinnacle(10.00%).

Subscribe to enjoy similar stories. MUMBAI : The Indian edtech players are expected to integrate traditional education approaches with educational technology as the ecosystem matures following the post-pandemic boom, top executives at edtech-focused venture capital firm GSV Ventures told Mint. “The ecosystem in learning and skills is now being viewed as more than just edtech," said Deborah Quazzo, managing partner of the US-based venture capital firm, in an interview on the sidelines of the ASU+GSV and Emeritus Summit in Gurugram. “It now includes large site-based education players, universities, and corporate entities—because you need more than just edtech to make it real." This marks a shift from the massive post-pandemic edtech boom that saw edtech players like Byju’s, Unacademy, and Physics Wallah, among others, come of age in the country.

Shares of Natco Pharma Ltd.(up 6.36 per cent), Laurus Labs Ltd.(up 4.37 per cent), Aurobindo Pharma Ltd.(up 4.08 per cent), Lupin Ltd.(up 3.89 per cent) and Divi's Laboratories Ltd.(up 3.61 per cent) ended the day as top gainers in the pack.