India Financial News

Mohan Singh and Shivender Mohan Singh for cheating and criminal conspiracy.

Union Budget 2025 Expectations Live Updates: From ordinary taxpayers, to tech, healthcare, insurance, and finance sectors, among others — all stakeholders are holding high hopes for Union Finance Minister Nirmala Sitharaman's eighth Budget speech in February.Notably, she completed Pre-Budget Consultation with various stakeholders, unions and other representatives on January 6, ahead of beginning work on Budget 2025-26.FM Sitharaman 8th Budget SpeechIn Sitharaman's eighth Budget speech, likely next month, the industry is expecting significant announcements ranging from income tax breaks, GST rationalisation, industry-specific policies and more, aimed at reviving the economy and boosting consumer sentiments.This will be Sitharaman's second full-fledged Budget in Modi 3.0, and her eighth budget presentation in Parliament. She has presented six annual and two interim budgets under the NDA government's consecutive terms in power.When is the Union Budget 2025 Speech?As per convention over the past years, the finance minister is expected to give her Budget speech in Parliament at 11 am on February 1, 2025.

Subscribe to enjoy similar stories. A little more than a year after legendary Enron short-seller Jim Chanos threw in the towel on activist short selling, the equally famous Hindenburg Research is calling it a day. Short selling, short-trade research and public activism are all key to the functioning of the stock market.

Tube Investments of India Ltd. 2.61 per cent to Rs 3410.45 at 10:10AM (IST) in Friday's trade. The stock has hit a high of Rs 3410.50 and low of Rs 3321.70 so far during the session. The stock had closed at Rs 3323.60 in the previous session. The counter has had a total traded volume of 2696 shares so far with a value of Rs 0.91 crore on the NSE. It traded at a price-to-earnings multiple of 57.06 and a price-to-book ratio of 14.15.

buy call on REC with a target price of Rs 600. The current market price of REC is Rs 485.2. REC, incorporated in 1969, is a Large Cap company with a market cap of Rs 127211.05 core, operating in Term Lending Institutions sector.

Budget 2025 approaches, India’s engineering sector, a vital contributor to the nation’s manufacturing and export growth, has outlined a detailed wish list for the government.

Stocks that rallied over 10% included, IEL Ltd.(14.51%), Bajaj Healthcare(13.74%), Silverpoint Infratech(12.04%), Hindustan Motor(10.62%), TGB Banquets(10.33%) and Metal Coatings(10.07%).

Info Edge (India) Ltd. traded 1.72 per cent in Friday's trade at 10:15AM (IST). Around 1,230 shares changed hands on the counter. The counter opened at Rs 7687.35 and touched an intraday high and low of Rs 7776.95 and Rs 7622.05, respectively, in the session so far. The stock of Info Edge (India) Ltd. quoted a 52-week high of Rs 9194.95 and a 52-week low of Rs 4868.50.

Cameron Brandt of EPFR Global says there is a strong inclination to return to emerging markets. However, the current appeal of the United States, at least in the short term, is so compelling that it is challenging for investors to overlook it in favor of emerging market narratives. The aspects of these narratives that hold credibility have recently experienced significant price increases. This interest is particularly focused on the major emerging markets in Asia, including India, China, Korea, and Taiwan, where substantial capital has been directed. What is the sense that you are getting? Is the dollar going to peak out anytime soon? Cameron Brandt: My sense is certainly that it has further to go and as much as there is a consistent theme for mutual fund and ETF flows, it is towards US mandated equity and bond funds.

Macrotech Developers Ltd.(up 5.25 per cent), Prestige Estates Projects Ltd.(up 1.48 per cent), DLF Ltd.(up 1.46 per cent), Oberoi Realty Ltd.(up 1.38 per cent) and Godrej Properties Ltd.(up 1.12 per cent) were among the top gainers.

Subscribe to enjoy similar stories. New Delhi: The government is looking at a second window for the Trade Receivables Discounting System (TReDs) to allow transactions of as low as ₹1 lakh to ₹10 lakh, two officials said. It is also looking at including a credit guarantee scheme into it, the officials added.

Reliance Industries' telecom and digital businesses, posted a 26% on-year rise in net profit in the fiscal third quarter, on the back of the tariff hikes of July 2024, subscriber additions and strong data usage growth. The rate hikes partly helped Jio grow average revenue per user(ARPU) 4.2% on-quarter to ₹203.3. But the full beneficial impact of the price hikes will be staggered, and likely to come through Q4FY25 and Q1FY26, since Jio has a higher share of subscribers on longer-validity plans compared to Bharti Airtel or Vodafone Idea, said analysts.

Mayuresh Joshi, Head-Equity, Marketsmith India, says global circumstances, including Trump's potential return to office and global inflation trends, are largely beyond our control. While recent data showed some improvement, uncertainty remains, particularly regarding its effects on bond yields and interest rates. Currently, the situation is inconsistent, and corporate earnings may continue to weaken, posing challenges for emerging markets. A selective approach is essential this year, focusing on specific sectors and individual stocks, making it a market driven by stock selection. We can safely say we are out of the woods once a large chunk of earnings is behind us because that, in some sense, is the true litmus test? Mayuresh Joshi: Absolutely, right. Out of all the large emerging markets that we track, earnings is going to be a big concern, and specifically because of that, earnings downgrades. India, Hong Kong, and China are something that we put under pressure as far as the market outlook is concerned. And therefore, how this earnings season plays out specifically and what corporates have to say in terms of the outlook ahead for 2025 is going to be extremely critical.

Sai Varshith Kandula, 20, on Thursday was sentenced to eight years for an attempted attack on the White House with a rented truck on May 22, 2023. The attack aimed to overthrow the democratically elected American government in order to replace it with a dictatorship fuelled by Nazi ideology, the Department of Justice said.

Subscribe to enjoy similar stories. Distractions are a constant in our age, while productivity is that gleaming arch on the horizon that seems farther away the closer we get. And every few months, leaders of India Inc chime in to advocate longer work hours in service of this hallowed goal.

Why is there a delay in India's squad announcement?According to a report in Dainik Jagran, uncertainty over the fitness of India star pacer Jasprit Bumrah and spinner Kuldeep Yadav are the prime reasons for the delay in naming the 15-man squad.Bumrah had picked up an injury during the recently concluded Border Gavaskar Trophy while Kuldeep has been out of action since the 1st home Test against New Zealand and is currently recovering at NCA, Bengaluru. The wrist spinner is likely to be fit by the end of this month.Champions Trophy News LIVE: BCCI has appointed Sitanshu Kotak as the new India batting coach ahead of the Champions Trophy.

Gold prices firmed on Friday and were headed for a third straight week of gains after U.S. data this week hinted that the Federal Reserve might continue easing interest rates this year. FUNDAMENTALS

Wipro, Jio Financial, Tech Mahindra and SBI Life. Apart from the above, companies like Indian Hotels, ICICI Lombard, Ramkrishna Forgings, Supreme Petrochem, Aether Industries, Ganesh Housing, Rallis India, Sterlite Technologies and a few others will also declare their quarter results.

Federal Reserve rate cuts. A benign reading on inflation calmed fears about a renewal in price pressures and strong bank earnings helped the three major U.S. indexes notch their biggest one-day percentage gain since Nov. 6 on Wednesday.

In the IPO, about 50% of the offer is set aside for qualified institutional buyers (QIB), 35% for retail investors and the remaining 15% for non-institutional investors.

NSE SME platform later today. If the GMP trends are taken into account, the stock is likely to see a healthy listing. Currently, Sat Kartar Shopping GMP is around Rs 40 and compared with the IPO price of Rs 81, this is a premium of 49%.