FIVE Financial News

Namo Bharat train crossing the Eastern Peripheral Expressway. He said the timeline gives a good perspective of the new India. “Great video…Your Timeline gives a good perspective of the new India we are building together," PM Modi wrote on the microblogging site.

Prachanda', is set to seek a vote of confidence in Parliament today — March 13, PTI reported. This move comes after Prachanda parted ways with the Nepali Congress and formed a new alliance with the Communist Party of Nepal (Unified Marxist-Leninist) (CPN-UML). Prachanda, a former guerrilla leader from the Communist Party of Nepal (Maoist Centre), which is the third largest party in the House of Representatives (HoR), officially broke ties with the Nepali Congress by sending a letter to the Parliament Secretariat.

Check out what's clicking on FoxBusiness.com

Sanjiv Bhasin, Director, IIFL Securities, says “very bullish on Hindustan Copper. We think numbers and the outlook will be very bullish and if China is back, which is evident from the type of government stimulus, then non-ferrous is going to do very well. Hindustan Copper is our top pick there. We are also bullish on HPCL. We like ONGC which is our top pick over there. To sum it up, IRCTC and Concor as well. If you have these five gems, you will create a lot of wealth. ” Bhasin further says they have trimmed exposure in PSU banks and some of the railway stocks.

selloff in mid-cap and small-cap stocks has intensified of late as brokers are asking clients to liquidate their leveraged bets in the space in the wake of the Securities and Exchange Board of India's warning of froth in these shares. The recent crackdown on Dubai-based hawala operator Hari Shankar Tibrewala by the Enforcement Directorate (ED) for stock manipulation has also triggered panic among market operators, who are said to be cutting their positions, said brokers. As many as 70 stocks with more than ₹1,000 crore in market capitalisation have declined between 15% and 50% in the last five trading sessions while another 250 stocks have dropped 10-15% during this period.

Electric car sales in India fell to their lowest level in five months in February even as companies took steep price cuts, indicating it would take more than just a lower acquisition cost to nudge buyers to shift to EVs in India where automakers are committing billions of dollars for the switch to electric mobility. Cumulative sales in February dropped to 7,277 vehicles, the lowest since October, showed data from the government's Vahan portal. So far, this month, EV registrations have fallen to 204 units per day on average, the lowest in 11 months, signalling that the softening of sales is set to continue. Sales are set to slow further with less than 20 days left before the end of incentives under the government's Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) scheme. These incentives are applicable to cars used in the commercial fleet, which comprise a significant portion of EV sales, and with the impending general election, automakers are unsure if the scheme would be extended. Anticipating slowing sales, Tata Motors has cut production in April and May, following a similar move in March, said people aware of the company's plans. Sales of Tata's EV registrations fell 13% sequentially in March. This month Tata Motors plans to produce 2,200 to 2,500 EVs against a peak of 4,500 units about 4-5 months ago. The company is likely to maintain similar production levels for the next two months, said the person cited above.

NCLAT) on Tuesday directed the monitoring committee of Jet Airways to complete the transfer of the airline's ownership to Jalan Kalrock Consortium (JKC) within 90 days. It also directed JKC to obtain an air operator's certificate within this period. The tribunal also allowed the adjustment of the performance bank guarantee (PBG) of ₹150 crore towards the first tranche payment of ₹350 crore. JKC's counsel said, «NCLAT has approved the implementation of the resolution plan as originally approved without any deviations and has given directions to lenders for specific and immediate implementation.» Jet Airways did not comment on the tribunal's orders till press time. «The PBG of INR 150 crore, which is lying with the monitoring committee, shall be adjusted towards the first tranche payment of Rs 350 crore as INR 200 crore has already been paid by the SRA,» said the NCLAT. JKC had deposited ₹200 crore in two tranches by September last year. The lenders had argued that JKC had not complied with the conditions of the resolution plan, ranging from payment of airport dues to payment of the first tranche, and hence could not transfer the ownership of the airline.

B2B) and manufacturing technology sectors constituted 56% of the new listings on the mainboard over the last five years, Boston Consulting Group and venture capital firm Matrix Partners said in a joint report. According to the latest ‘Digitizing Make in India’ report, within the B2B space, there had been 11 initial public offerings in the past five years in the specialty chemical industry, featuring companies such as Chemplast and Senmar.

Laptop and personal computer maker HP India will roll out its domestic expansion plans over the next 9-12 months to cater to the demand for the devices in the country which has «no end», HP India managing director Ipsita Dasgupta said, adding that the company was in talks with several Indian and multi-national companies but most of these plans are works in progress as of now. «If you look at our business in India, we are the second biggest employee base in the world after the US. We look exactly like the US in the sense that we have every functional capability that we have globally, sitting in India. Growing some of those is something that excites HP,» Dasgupta said in her first interview after taking over as HP India MD.

Housing and Urban Development Deputy Secretary Adrianne Todman will serve as acting secretary when Marcia Fudge's resignation takes effect March 22

(Reuters) — The U.S. federal budget deficit grew in February with outlays surging as annual tax-filing season kicked into gear and interest costs on the national debt kept rising, the U.S. Treasury Department said on Tuesday.

Richard Hughes, chair of the OBR, told the Treasury Committee at a hearing today (12 March) that Jeremy Hunt's Budget was responsible, given that it met the objectives the chancellor had set for himself, namely to have debt beginning to fall as a share of GDP in five years' time. However, Hughes argued Hunt has done so with «one of the narrowest margins any chancellor has had against fiscal targets» at £9bn. The OBR chair noted this was the second narrowest, as the top spot was taken by Hunt's Spring Budget in 2023. As such, he said there are «significant risks to the fiscal outlooks»...

government on Tuesday banned the Jammu Kashmir National Front led by Nayeem Ahmad Khan under the Unlawful Activities (Prevention) Act. In an order, the Ministry of Home Affairs declared the JKNF, a constituent of the hardline Hurriyat Conference, an "unlawful association" with immediate effect. The government said the JKNF has been «indulging in unlawful activities, which are prejudicial to the integrity, sovereignty, and security of the country.» It said members of the JKNF have remained involved in supporting terrorist activities and anti-India propaganda for fuelling secessionism in Jammu and Kashmir and providing logistic support to terrorists in the Union territory.

UAPA for five years. The Ministry, in the notice, issued on Tuesday evening said that the Front is indulging in unlawful activities, which are prejudiced to the integrity, sovereignty and security of the country.

$6 billion in intercity cab services underscoring the country's robust demand and vast opportunities. Within this dynamic domain, the intercity cab segment emerges as a crucial player, facilitating connectivity and convenience across India's sprawling urban and rural landscapes. It's in this highly competitive and fragmented market in which Savaari Car Rentals has carved out a niche.

resigned as Haryana chief minister hours after the BJP alliance with the Jannayak Janata Party (JJP) fell apart. The BJP has claimed that it has 41 MLAs, along with five Independent candidates, to take it past the halfway mark of 45 seats in the assembly. The JJP is led by Deputy CM Dushyant Chautala.

resignations of Manohar Lal Khattar and his cabinet ministers in Haryana have come as the BJP's ties with the JJP is headed for a split ahead of the Lok Sabha elections 2024. Does it affect the BJP's prospects in the coming polls? To understand this, let's go back to 2019 elections. To stitch a majority after the 2019 Assembly elections, the BJP struck an alliance with Dushyant Chautala post the 2019 elections after it fell short of five seats.

Check out what's clicking on FoxBusiness.com

The Body Shop has ceased its U.S. operations and is closing dozens of locations in Canada amid deepening financial struggles for the British beauty and cosmetics chain

A photo released by Kate Middleton, Princess of Wales, over the weekend was meant to calm speculation as to her whereabouts.

Five cross-country skiers were found dead on a mountaintop in the Swiss Alps, Valais regional police said Monday. A sixth person in the ski tour group remains missing and the search for them continues despite extreme weather conditions.