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Top Events of the Day: Prime Minister Narendra Modi will visit Telangana, Tamil Nadu, Odisha, West Bengal, and Bihar on March 4-6 during which he will inaugurate and lay the foundation stone of projects worth more than ₹1,10,600 crore. In a post on X (formerly Twitter), PM Modi wrote, “Over the next two days, I will be attending various programmes in Telangana, Tamil Nadu, Odisha and West Bengal.

diamond houses in India were alerted over the weekend that missing paper trails and sloppy records would land them in trouble under the new sanctions regime that began on March 1 to block Russian gems from the affluent western markets. The discreet, quaint world of diamonds, where close-knit jewellers and diamantaires cut deals in old-fashioned ways, is scanning a new, unfamiliar compliance mechanism that could change the way they have been doing business for ages. If local firms, which cut and polish eight out of 10 diamonds mined in the world, fail to generate and safekeep documentary evidence that the rough stones and jewellery did not originate in Russia, they could come under serious scrutiny. Cautioning them about the pitfalls, the apex trade body has circulated the various guidelines and formats of self-declarations that diamond firms shipping to the US and EU must share with their buyers to avoid trouble.

Investing.com — It’s set to be a busy week in in markets with Friday’s U.S. jobs report, testimony by Federal Reserve Chairman Jerome Powell and a European Central Bank policy meeting the main highligts. Here’s what you need to know to start your week.

U.S. stocks finished higher on Friday to notch another winning week as the S&P 500 and Nasdaq Composite both ended at new records amid an ongoing rally in AI-linked tech shares.

LIC Housing Finance Ltd (LICHFL) plans to raise funds through green bonds in the next financial year with an aim to finance environmentally-sustainable housing projects. “Green financing is something that we will look at the next year and we would deploy the fund for financing green housing projects," LIC Housing Finance managing director and chief executive Tribhuwan Adhikari was quoted by PTI.

ALSO READ: Anant-Radhika Merchant pre-wedding: Ivanka Trump, others join bash | Pics The iconic Ra.One song ‘Chammak Challo’ was recorded over a decade ago by Akon. Several videos and pictures from the Saturday gala night went viral on social media.

BJP candidates list 2024: With an ambitious target of winning 370 seats in the Lok Sabha elections 2024, the Bhartiya Janata Party (BJP) took the first step on Saturday as it released its first list of candidates on 195 Lok Sabha seats across 16 states. Most of the names in the first list were along the expected lines, but some notable exclusions point towards a loud message from the BJP-hate speeches will not be tolerated.

The S&P BSE Sensex rallied more than 1,200 points to hit a fresh record high of 73,819 while the Nifty50 closed with gains of more than 355 points to close at 22,338.

Stock Market News: Domestic equity benchmark indices, the Sensex and Nifty 50, ended Saturday's special trading session on a bullish note. During the special live trading session on Saturday, the domestic benchmark indices mirrored the favourable overnight cues from Wall Street, as the Nifty 50 reached a new all-time high of 22,419.55.

Exuberance is back in markets. A frenzy over artificial-intelligence technology has stoked a monster run in Nvidia shares. Major stocks indexes are clinching repeated records.

LeBron James on Saturday became the first NBA player to score 40,000 career points, hitting a scoop layup off the glass in the second quarter of the Los Angeles Lakers home game against the Denver Nuggets. James, who entered the game needing nine points to reach the milestone, used a spin move to create separation from Denver's Michael Porter Jr. and put the ball in with his left hand as the all-time scoring leader continues to put his record further out of reach. The sold-out crowd in downtown Los Angeles roared with approval when James made the highly-anticipated shot to reach 40,000 points and gave him a standing ovation when he went to the bench at the next break.

Nifty ended with weekly gains of 0.75% with leadership taken by banks, auto and metals. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-shortened week are likely to impact them. Commenting on the day's trade, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty struggled to withstand the selling pressure at higher levels after beginning the day on a positive note and ultimately closing at the day's lowest point. According to him, the overall sentiments remain positive and the index must surpass the 22,400 mark to trigger a new leg of rally. «A decisive breakthrough above 22,400 could propel the index towards 22,600. On the downside, support is situated at 22,250-22,200,» De said.

Areas including Mandi House, RK Puram, Indraprastha, Kartavya Path, and Central Delhi witnessed fresh showers. Delhi witnessed a sudden change in weather on Saturday morning as well. Several areas in Delhi, including Greater Kailash, India Gate, RK Puram, and Janpath, experienced strong winds and light showers on Saturday morning.

Elon Musk's $56 billion compensation as excessive are seeking a record legal fee worth $6 billion, payable in the electric car maker's stock, according to a Friday court filing. «We recognise that the requested fee is unprecedented in terms of absolute size,» said the filing with the Court of Chancery in Delaware by the three law firms. The fee works out to an hourly rate of $288,888, according to the court filing. The fee will be paid by Tesla to attorneys who represented Richard Tornetta, a Tesla shareholder who sued Musk in 2018 over the pay package, which a Delaware judge nixed in January. The electric vehicle maker is being asked to pay the fee because it benefited from the return of Musk's pay package, which the legal team said will result in the return to the carmaker of 266 million shares.

Manchester United have the opportunity to knock Manchester City off their perch when they travel to the Etihad Stadium on Sunday even if they will not be the main beneficiaries of a surprise Premier League win. United’s new minority owner Jim Ratcliffe laid out his plans to return the 20-time English champions to the summit when he completed his acquisition of 27% of the club’s shares this month, including re-establishing the pecking order in the city. With 15 points separating secondplaced City to sixth-placed United, that ambition might take a while to come to fruition.

BSE Sensex logging a third straight weekly gain buoyed by strong macroeconomic indicators and renewed foreign fund inflows. Despite a volatile week, the equity benchmarks achieved record highs extending their sharp rally during Saturday's special trading session. On the stock-specific front, RailTel Corporation of India, Data Patterns, Force Motors, Jubilant Industries, Kalyani Steels, Tata Investment, Greenply Industries, Indo Count, Zen Technologies, Newgen Software, Schneider Electric Infra, and others are among the smallcaps that logged a double-digit rise in their share prices last week.

karyakartas (workers) for showing a 'constant' faith in him. In a post on X, PM Modi said he looks forward to serving the people of Kashi for the third time. “I thank the @BJP4India leadership and bow to the crores of selfless Party Karyakartas for their constant faith in me.

By Kyaw Soe Oo

Dividend Stocks: Shares of several companies, including Marico Ltd, Panchsheel Organics, Sanofi India, among others will others will trade ex-dividend in the coming week, starting from Monday, March 4. Some other companies will also trade ex-bonus and ex-split in the coming week. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

foreign institutional investors (FIIs) poured in Rs 1,539 crore last month despite the US bond yields ruling high with the 10-year yield at around 4.25%. “FIIs may again turn sellers in some of the coming days. But they are unlikely to sell aggressively because their selling is not having any impact on the market, which is setting new record highs. FIIs will have to buy the same shares, which they are selling now, at higher prices when the situation turns favourable for FII buying. Therefore, even if they sell in the coming days, that will be subdued selling,” said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Strong GDP growth and a weak monsoon drove up India's energy-related carbon emissions by around 190 million tonnes in 2023, though the country's per capita emissions remain far below the global average, the International Energy Agency said. Global energy-related carbon emissions grew by 1.1 per cent in 2023, increasing 410 million tonnes (Mt) to reach a new record high of 37.4 gigatonnes (Gt) in 2023, the International Energy Agency (IEA) said on Friday. It said emissions in China grew around 565 Mt in 2023, the largest increase globally and a continuation of its emissions-intensive economic growth in the post-pandemic period. Per capita emissions in China are now 15 per cent higher than in advanced economies. However, China continued to dominate global clean energy additions.