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election season. In all the last 5 election years, FII flows have been positive in the election quarter and, on an average, have improved in the next 3 months after the uncertainty eases. The impact of this seasonal trend can be already felt on Dalal Street this year as well as FIIs have poured in about $3 billion already so far in March. On average, FII flows are stable to weak in the three quarters prior to the elections before the inflows begin.

The INDIA grouping took a fresh blow over the weekend as West Bengal’s ruling Trinamool Congress (TMC) left the Congress party in the cold on pre-poll seat sharing, announcing its own candidates for all 42 seats up for contest in the state in the upcoming Lok Sabha elections. This amounts to fresh evidence of deep internal differences within the group that have all along clouded its prospects of putting up a credible joint front against the Bharatiya Janata Party (BJP), which rules the country at the Centre. Earlier, the opposition Aam Aadmi Party (AAP) had said it would go solo in Punjab, although it did strike a seat-sharing pact with the Congress in Delhi.

Arsenal will play FC Porto in the UEFA Champions League last 16 second leg match on Tuesday. The Gunners are trailing by 1-0 against the Portuguese side. Arsenal vs FC Porto Champions League game will kick off at 4 pm (ET) on Tuesday, March 12 at Emirates Stadium. The soccer game will be live streamed on TUDN USA and Paramount+.

Spanish champions Barcelona this season but the emergence of teenage starlet Lamine Yamal is the clearest. The 16-year-old winger could prove crucial in the Champions League last 16 second-leg clash with Napoli on Tuesday at the club's temporary Olympic Stadium home. Yamal became the youngest player ever to feature in the Champions League knock-out stages as he impressed in the 1-1 first-leg draw in the south of Italy.

Tata Motors, which harnessed increasing demand for electric cars to reclaim automotive market-capitalization leadership in India, has urged New Delhi to extend incentives on electric taxis for another three years and also include personal cars in the government's flagship demand support program FAME, citing global EV leader China's example. Tata Motors, which has seen a near-six-fold surge in its stock price through the past five years that helped establish its domestic EV leadership credentials, wants New Delhi to help replicate an enabling environment similar to that in Beijing that has pledged to support adoption of EVs until unit sales touched at least a fifth of all new cars sold. «Globally, major economies (China, Germany) have continued to support EV adoption with demand subsidies until achievement of at least 20% EV adoption,» Shailesh Chandra, managing director, Tata Passenger Electric Mobility and Tata Motors Passenger Vehicles, said in the letter dated March 9. «The Parliamentary Standing Committee on Industry had also recommended in 2023 that the Government broaden the scope and extend FAME by at least three more years to make the scheme more inclusive,» Chandra said in the letter, a copy of which has been seen by ET.

By David Shepardson

MUMBAI : Bubbles in the market are not a good thing for retail investors, and mutual funds could form a common policy to protect investors in this respect, the stock market regulator said, at a time of turbulence in an overheated small and mid-cap space. The Securities and Exchange Board of India (Sebi) has already asked for results of stress tests from mutual fund (MF) trustees, stating the time it would take to liquidate portions of investors’ portfolios. “There are pockets of froth...

ALSO READ: Lok Sabha elections 2024: Congress CEC meet today to finalise candidates for remaining seats. What to expect Sources said that both Ashok Gehlot and Sachin Pilot are unlikely to contest. Among the seats that were discussed at the meeting were 14 each from Rajasthan, Assam, and Gujarat, 16 from Madhya Pradesh, and five from Uttarakhand, besides one from the Union Territory of Daman and Diu.

A new report says the average asking price for a rental unit in Canada was $2,193 per month in February, marking a 10.5 per cent jump year over year and the fastest annual growth since September 2023.

Debbie Crosbie isn't a 'banker' in the M&A sense, but she does run a bank, and she is doing the kind of deal that will make the actual Financial Institutions Group (FIG) bankers at UBS who are working with her feel vindicated in their career choices. 

NEW DELHI : Adani Electricity Mumbai Ltd, Torrent Power Surat, and Torrent Power Ahmedabad have topped in the power ministry’s integrated rating of electricity distribution companies, or discoms, for FY23. Dakshin Gujarat Vij Co. Ltd and Uttar Pradesh Vij Co.

EAM S Jaishankar Exclusive: Our next guest at #Expressadda is Dr Jaishankar who has been the face of India’s diplomacy in the fast-changing world in the last five years. The first Foreign Secretary to become the Foreign Minister of the country, he has been key to shaping India’s foreign policy in the past few years, where challenges like then COVID-19 pandemic, an assertive China in India’s neighbourhood, the Russia-Ukraine war and the Israel-Hamas conflict, have upended the global world order.

The government on Friday left the interest rates unchanged on various small savings schemes for the first quarter of the next fiscal, beginning April 1, 2024.

India will have the option of temporarily withdrawing customs duty concessions on EFTA country goods under the trade agreement between the two sides, if the four European nation bloc would not fulfil its USD 100 billion investment obligations. Though the investments have to flow in 15 years — USD 50 billion in the first 10 years (counted after implementation of the pact) and another USD 5 billion in next five years, the trade deal also provides for a three-year grace period to the EFTA bloc to meet the obligations, according to the documents accompanying the agreement. India and four-nation European Free Trade Association (EFTA) bloc signed Trade and Economic Partnership Agreement (TEPA) on March 10 under which New Delhi received a foreign direct investment commitment of USD 100 billion in 15 years from the member countries of the grouping. The EFTA members are Iceland, Liechtenstein, Norway, and Switzerland.

JPMorgan strategists said in a Monday note that the Magnificent Seven stocks are now cheaper compared to the broader equity market than they were five years ago, citing their most recent earnings data.

As the broader S&P 500 continues to soar, gaining more than 6.5 per cent already this year, it’s pulling up other markets toward new highs, but here’s the dilemma: those sitting on excess cash may wonder whether now is the right time to deploy those dollars.

Narendra Modi will inaugurate 10 new Vande Bharat trains across various routes in the country, pushing the total number of operational trains past the half-century mark. These new additions come a little over two months since the last batch of trains were launched. 10 New Vande Bharat's Routes The 10 new trains cover a range of routes, including 1. Lucknow-Dehradun 2. Patna-Lucknow

BEIJING — China's weeklong annual parliamentary meetings ended on Monday and for the first time in decades, the Chinese premier did not host a press conference.

Modi on Monday said the speed of implementation of infrastructure projects will be accelerated manifold in the next five years to make India the third largest economy in the world. Modi said he has inaugurated and laid the foundation of projects worth Rs 10 lakh crore so far this calendar year and added that he is running short of time for inaugurating projects. He was addressing a gathering after inaugurating and laying the foundation stone for 114 National Highway projects across the country worth about Rs 1 lakh crore.

Supreme Court on Monday rejected a Maharashtra government application seeking a stay on the acquittal of former Delhi University professor G N Saibaba and others in the Maoist links case, and said the Bombay High Court order clearing them of the charges is «prima facie well-reasoned». A bench of justices B R Gavai and Sandeep Mehta, however, admitted the state government's appeal against the March 5 order of the high court. The bench also rejected the oral request of Additional Solicitor General S V Raju, appearing for the Maharashtra government, for early listing of the appeal and said it will come up for hearing in due course of time. «There cannot be any urgency to reverse order acquittal. Had it been the other way around, we would have considered,» the bench told Raju and asked him to file for expeditious hearing at a later stage.

Gagan Banga, VC & MD, Indiabulls Housing Finance, says: “We have now reached a stage where over the last four to six quarters, we stabilised the overall business, scaled up the retail disbursals and whatever are the targeted segments for growth, the disbursals around that are coming along at a good pace. At this point in time, we believe that to grow and take the disbursals to the next level, we have set a goal that by the end of FY25, we should be disbursing close to about Rs 2,000 crore. By the end of FY26, we should be disbursing around Rs 3,000 crore a month.”