Country Financial News
01.04 / 13:47
markets
Citi
Target
Metro
Deloitte
Vertex
country
Retail blitz: Ace Turtle to target tier 2-3 cities with 100 new stores in FY25
₹293 Crore) in a Series B funding led by Vertex Growth, SBI Investment Co. Ltd, Farglory, Lesing Nine, Stride Ventures, Tuscan Ventures and Trifecta Capital. Existing investors Vertex Southeast Asia and India, and InnoVen Capital also participated in the round.
01.04 / 12:15
markets
Provident
FIVE
Manufacturing
Trade
country
2020
India plans to make carbon fibre in response to EU carbon tax
Hindustan Aeronautics Ltd is the industry partner of the textiles ministry for this project. "With this, India will have its own technology and manufacturing units. The project will be completed in the next three years," the second official said.
01.04 / 12:15
Target
economy
Highways
FLEX
country
Interviews
NOT
Nitin Gadkari vows to eliminate petrol, diesel vehicles in India soon: 'Not impossible'
Gadkari has said that it is ‘one hundred per cent’ possible for the country to get rid of petrol and diesel cars altogether to make India a green economy. In an interview with news agency PTI, Gadkari said “It is difficult but not impossible. This is my vision." Without a timeline to meet this ambitious target, the Union Minister for Road Transport and Highways vowed to get rid of over 36 crore petrol and diesel vehicles in the country.
01.04 / 12:15
markets
Citi
Booking
country
travelers
International
Destinations
Quick getaways, spiritual quests fuel India's tourism: Booking.com's Houldsworth
NEW DELHI : India's travel and tourism sector is seeing robust growth, propelled by an increasing appetite for frequent and shorter trips, said Laura Houldsworth, Asia Pacific managing director for Booking.com. In a recent interview with Mint, shesaid this surge is not only fueled by expanding spiritual and wedding tourism but also by a strong outbound travel market. "We're expecting Indians to want to travel more frequently and take a lot of shorter trips as well, unlike the one to two trips we saw in the past," Houldsworth said.
01.04 / 11:31
Waters
Election
Fishing
country
reports
rights
Mint Explainer: What is the controversy over Katchatheevu Island about?
NEW DELHI : An uninhabited island has sparked a political controversy in the election season. Prime Minister Narendra Modi has reignited a longstanding debate in Indian politics by criticizing the Congress party for relinquishing control of the Katchatheevu Island to Sri Lanka in 1974, under Indira Gandhi's leadership. This move has elicited responses from opposition parties, bringing the island's status back into the spotlight.
01.04 / 11:31
Assurant
economy
Election
Celebrity
Justice
country
'PM Modi looted public's hard earned money through banks', alleges Congress chief Mallikarjun Kharge
₹ 500 and ₹ 1,000 banknotes. ALSO READ: Justice Nagarathna questions demonetisation's impact on black money eradication: '98% currency came back' In a post on X (formerly known as Twitter), Kharge noted three ways in which the PM Modi-led government is allegedly using the banking sector to loot people of the country. "Modi saheb, banks play a major role in the country's economy, and you have used banks to destroy the unorganized sector and MSMEs...the public's hard-earned money has been looted through banks," he said.
01.04 / 11:31
UPS
security
War
country
peace
How to end the Middle East’s agony
worst atrocity against Jews since the Holocaust, conflict has spread across the Middle East. In all, ten countries are now caught up in fighting. In Gaza Israeli soldiers and Hamas are still killing each other, even as 2m people face famine.
01.04 / 10:45
markets
JPMorgan
security
Cycling
country
inclusion
gatherings
FPI inflows in debt market at nine-year high of ₹1.21 lakh crore in FY24; likely to help soften bond yields
₹1.21 lakh crore in India’s debt market during the financial year 2023-2024, the highest yearly inflow in more than nine financial years. As per the data on National Securities Depository Ltd (NSDL), FPIs’ net investment in the country’s debt markets stood at ₹121,059 crore for FY24. This was the highest FPI inflow in the debt market since FY 2014-15, when they infused ₹130,302 crore.
01.04 / 10:45
UPS
Airlines
economy
Election
show
country
Why India Inc’s capex plans slowed down in FY24
₹11.3 trillion worth of new projects were announced across the country during the three months through March, two times the figure in the December quarter, showed provisional data from the project-tracking database of the Centre for Monitoring Indian Economy (CMIE). However, the year 2023-24 ended with ₹27.1 trillion worth of new projects being announced, down nearly 31% after two successive years of sharp growth. The decline in 2023-24 can largely be attributed to the high base of the previous year, when Air India had announced a ₹6.6-trillion deal to buy aircraft in February 2023.
01.04 / 10:45
BLOCK
country
stars
cricket
'You can't really help….': MI star on Hardik Pandya' facing criticism, says 'expect things to be different after…'
MI vs RR IPL 2024: Hardik Pandya is bracing for some intense criticism as Mumbai Indians go against Rajasthan Royals at its home Wankhede Stadium on Monday. So far, Hardik Pandya faced booing crowds, and unfriendly chants at away locations, but this is the first time he will face the Mumbai Indians core fanbase, who are angry at him for replacing Rohit Sharma as the MI skipper. Ahead of the MI vs RR clash, spinner Piyush Chawla came into Hardik Pandya's defense and said Hardik Pandya is focusing on his game.
01.04 / 10:45
FIVE
Fighting
Election
country
reports
Lok Sabha polls: Maharashtra candidate promises whiskey, beer to poor if elected, ‘…find solace in drinking liquor’
India Today. While speaking to India Today, she said, “Jahan gaanv, waha beer baar. Yahi mere mudde hain." As per the report, Raut has promised to ration imported liquor and stated that both the vendor and the customer would require a licence.
01.04 / 09:45
Provident
WhatsApp
Highways
wellness
country
electronic
'One Vehicle, One FASTag' norm comes into force
National Highways Authority of India's 'One Vehicle, One FASTag' norm, which aims to discourage the use of single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle, has come into force from Monday, a senior official said. NHAI had extended the 'One Vehicle, One FASTag' initiative compliance deadline to March-end, in view of the problems being faced by Paytm FASTag users. «Multiple FASTags won't work… People who have multiple FASTags for one vehicle won't be able to use all of them from today (April 1),» the official told PTI. To enhance the efficiency of the electronic toll collection system and provide seamless movement at toll plazas, the NHAI has taken the 'One Vehicle, One FASTag' initiative that aims to discourage the use of single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle.
01.04 / 09:45
Election
WhatsApp
country
reports
Courts
BJP's only objective is to put Kejriwal in jail during Lok Sabha polls, says Sunita Kejriwal
Sunita Kejriwal on Monday accused the BJP of having only one motive — to put her husband in jail during the Lok Sabha elections. Kejriwal, the AAP's national convenor, was arrested on March 21 and subsequently remanded in Enforcement Directorate (ED) custody. He is accused of being directly involved in a conspiracy related to the formulation of the now-scrapped excise policy, favouring certain individuals. A trial court on Monday sent Kejriwal to judicial custody till April 15. «He was questioned for 11 days, the questioning is complete. The court has not declared him guilty. Why has he been put in jail?» Sunita Kejriwal told reporters while leaving the Rouse Avenue court.
01.04 / 09:11
Election
Fishing
country
reports
boating
rowing
Katchatheevu Island Row: Why has the controversy resurfaced ahead of LS polls? What did India do 50 years ago?
Katchatheevu Island row, saying the ruling alliance parties of Tamil Nadu have done nothing to safeguard the state’s interests. The Prime Minister’s charge on the opposition escalates the controversy in the run-up to the Lok Sabha Elections 2024. “Rhetoric aside, DMK has done nothing to safeguard Tamil Nadu’s interests.
01.04 / 09:11
markets
Citi
Remark
trends
Rolex
country
reports
Luxury revolution sweeping India: What's fueling the shift in consumer preferences?
Also Read: Rise of the uber-rich drives luxury brands in India Over a century ago, gold was perceived as a luxury item, reserved for special occasions and the affluent. However, today, it has transformed into a common household commodity, with widespread ownership and usage.
01.04 / 09:11
UPS
Election
country
International
rowing
Katchatheevu Row: ‘The island was Neither acquired nor ceded,’ says Priyanka Chaturvedi citing 2015 RTI response by MEA
Katchatheevu island was neither acquired nor ceded and lies on the Sri Lankan side of the India-Sri Lanka International Maritime Boundary Line. The 2015 response by MEA assumes significance considering the ongoing political flash point over RTI reply received by Tamil Nadu BJP chief K Annamalai said that former Prime Minister late Indira Gandhi had ceded the Island to Sri Lanka.
01.04 / 09:11
UPS
Manufacturing
NVIDIA
DELL
Trade
country
US tech giants turn to Mexico to make AI gear, spurning China
Some of the biggest U.S. companies in artificial intelligence have asked their Taiwanese manufacturing partners to step up production of AI-related hardware in Mexico, seeking to diminish reliance on China. Taiwan-based Foxconn, the world’s largest contract electronics manufacturer, and other Taiwanese companies are heeding the call and investing more in Mexico, according to industry executives and analysts.
01.04 / 07:29
MET
Food
country
fun
politician
Relationships
cricket
‘When I visited Shah Rukh Khan’: US Ambassador Eric Garcetti remembers meeting SRK at Mannat
Bollywood, cricket and food because they add fun to his job, not just the policy work but connecting with people. Politicians, according to him, come and go, but personal connections last a lifetime.
01.04 / 07:29
markets
Provident
Target
Manufacturing
performer
track
country
Multibagger Stock: Hi-Tech Pipes climbed 250% in less than two years, over 500% in 3 years; should you buy?
Hi-Tech Pipes, a leading player in Indian piping, were ecstatic with its stock performance in recent years. The stock began its upward rally in June 2022 and has maintained the same momentum to date, yielding a fabulous return of 250%, climbing from ₹40 apiece to the current level of ₹139.75 apiece.
01.04 / 07:29
markets
Digital
Platform
Apple
country
Features
Updates
Toyota Urban Cruiser Taisor set to launch in India on April 3: What all to expect
Toyota's lineup in the country. The collaboration between the two automotive giants, stemming from a global partnership for platform and technology sharing, has led to the introduction of rebadged Maruti Suzuki models in India over recent years.
01.04 / 07:25
Reuters
Analysis
Experts
show
country
Department
India hydropower output records steepest fall in nearly four decades
hydroelectricity output fell at the steepest pace in at least 38 years during the year ended March 31, a Reuters analysis of government data showed, as erratic rainfall forced further dependence on coal-fired power amid higher demand. The 16.3% drop in generation from the country's biggest clean energy source coincided with the share of renewables in power generation sliding for the first time since Prime Minister Narendra Modi made commitments to boost solar and wind capacity at the United Nations climate talks at Paris in 2015. Renewables accounted for 11.7% of India's power output in the year that ended in March, down from 11.8% a year earlier, a Reuters analysis of daily load despatch data from the federal grid regulator Grid-India showed.
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