Inclusion Financial News

₹1,226 and a 12-month forward target PE multiple of 20.6x. Also Read: Sensex, Nifty 50 at record high; is market overheated? What should investors do? “After a strong run-up of Indian equities, some profit-taking in the near term cannot be ruled out as economic and geopolitical risks remain elevated.

payments made to units of 14 services sectors in IFSC from TDS provisions effective April 1, a move which will reduce tax compliance burden. The Central Board of Direct Taxes (CBDT) in a notification said that no TDS will have to be deducted for payments to units in sectors like FinTech, banking, fund management entity, finance company, credit rating agency, insurance intermediary and investment banking. The TDS exemption will now be applicable on payments like professional/referral fee, brokerage income, interest on External Commercial Borrowings /Loans, insurance commission, dividend and credit rating fee. International Financial Services Centre (IFSC) in Gujarat is being developed as a tax-neutral enclave for the financial sector.

GetVantage, an alternative-financing fintech platform, announced the launch of its Rise-Up Fund, dedicated to supporting women entrepreneurs businesses with inclusive capital. This non-dilutive fund with an initial corpus of Rs100 crore and aims to deploy the capital in the next 12 months to help over 400 women-led businesses scale up. GetVantage will disburse the funds through its own NBFC GetGrowth Capital, along with Varanium’s Debt Fund partnership, among other NBFCs and AIFs.

gender presents a landscape rich with challenges and opportunities, particularly for women in the legal realm. Technology's pervasive influence extends to all aspects of our lives.

Indian IT industry has seen significant progress in gender diversity with more women now in entry and mid-level workforce. However, their fair representation at the top and male-dominated corporate boardrooms is still disproportionate and «needs a lot of work», according to tech leaders. Any organisation which does not encourage, and indeed, proactively work towards equitable gender representation is unlikely to have a long business life span, even client acceptance, experts said adding companies need to offer flexi-scheduling and enable remote work options where needed, to support women juggling their professional responsibilities with their personal commitments and caregiver roles.

sovereign debt nears inclusion in global bond indices, a diverse pool of international investors, ranging from long-term institutional funds in Japan, S Korea and Taiwan to exchange-traded funds in Europe, are setting their sights on the domestic bond market. «We have witnessed an influx of clients coming to India over the last few months. Besides the major financial hubs, clients from other countries like Japan, Korea and Taiwan have also expressed significant interest,» said Anita Mishra, Head of Markets and Securities Services, HSBC India.

Indra Sena Reddy Nallu on Thursday administered the oath of office and secrecy to the two new ministers — Animesh Debbarma and Brishaketu Debbarma, both from Tipra Motha Party (TMP) in Raj Bhavan. Six days after signing of a tripartite agreement with the Centre and the Tripura government, the opposition and the tribal-based TMP decided to join the BJP-led coalition government. TMP legislator Animesh Debbarma, who was the opposition leader before becoming a cabinet minister, and lawyer turned politician Brishaketu Debbarma, took oath as minister of state and both are the new entrants in the council of ministers in Tripura.

Union Cabinet on Thursday approved the 'India AI mission' with an outlay of Rs 10,371.92 crore for a period of five years, to give a further push for Artificial Intelligence in India. The announcement was made by Union Minister Piyush Goyal at a cabinet briefing, where he reiterated the need to have a robust environment for promoting the tech in the country. «The IndiaAI mission will establish a comprehensive ecosystem catalyzing AI innovation through strategic programs and partnerships across the public and private sectors. By democratizing computing access, improving data quality, developing indigenous AI capabilities, attracting top AI talent, enabling industry collaboration, providing startup risk capital, ensuring socially impactful AI projects and bolstering ethical AI, it will drive responsible, inclusive growth of India's AI ecosystem,» the government said in a release.

The benchmark 10-year Indian bond yield ended at 7.0312%, lower than its previous close of 7.0548%. Indian financial markets will be closed on Friday for a local holiday.

Also Read: International Women's Day 2024: 7 financial habits to help you boost your finances Financial inclusion plays a pivotal role in empowering women in India. Providing women with access to essential financial services such as banking and credit can foster their financial independence and bolster the nation's economy.

As we mark International Women's Day, it is truly refreshing to see the growing number of women who are taking charge of their financial planning with a sense of empowerment and independence. In a society where gender roles are constantly evolving, women are breaking free from traditional constraints and asserting their financial independence like never before.

India’s ambition to become a developed nation by 2047 depends on the strategic implementation of enabling reforms. While innovative ideas have been proposed for a Viksit Bharat, the primary sector has largely been left out. Despite being home to 18% of the world population with a median age of 28.2 years, we tend to overlook our core strength—i.e., domestic private consumption, which constitutes nearly 61% of GDP—while focusing on export-led growth.

Manipur government on Wednesday introduced mine-protected Quick Reaction Fighting Vehicles (QRFVs) for the state police. Chief Minister N. Biren Singh flagged off the QRFVs at a function held in Imphal on Wednesday. Later the Chief Minister posted on X: “Launched the Mine Protected Vehicle for the Manipur Police at 1st Bn. Manipur Rifle, Imphal. With the ever-vigilant service of Manipur Police, this addition will enhance our capabilities in ensuring the safety and security of our citizens. Together, we'll continue striving towards a safer and more secure Manipur.” The Ministry of Home Affairs (MHA) has provided Manipur with 10 QRFVs with mine protection features to enable the security forces in the ethnic unrest-torn northeastern state to operate more effectively.

ALSO READ: International Women's Day 2024: 5 key reasons why young women opt for digital financial products The United Nations has decided this year's theme as ‘Invest in Women: Accelerate Progress’ is aimed at tackling economic disempowerment. While the campaign theme for the same year is 'Inspire Inclusion.' Though this campaign, the importance of diversity and empowerment in all aspects of society is emphasized.

Adani Enterprises announced that its Dubai-based arm, Ospree International FZCO, has successfully acquired 100% stake in France-based Le Marche Duty Free SAS (LMDF) for a sum of 5,000 euros. This strategic move aims to bolster the company's presence and growth within the duty-free industry. Adani Enterprises emphasized the significance of this acquisition in a filing to the exchange, highlighting its alignment with the expansion goals of Mumbai Travel Retail Private Limited.

India’s defence modernization journey reached a pivotal milestone with the commissioning of the MH-60R multi-role helicopters at INS Garuda, Kochi. The commissioning ceremony took place in the presence of Defence Minister Rajnath Singh and Admiral R Hari Kumar, Chief of the Naval Staff, and this signifies a significant step forward in enhancing India’s maritime prowess.

India TV-CNX Opinion polls, BJP-led NDA is projected to win 378 out of 543 seat while the India bloc is projected to win 98 seats. In an opinion polls conducted in 543 Lok Sabha constituencies between 5-23 February stated that BJP can win about 335 seats on its own crossing its 303 seats win in 2019. The opinion poll stated that BJP could win all 26 seats in Gujarat, all 29 seats in Madhya Pradesh, all 25 seats in Rajasthan, all 10 seats in Haryana, all 7 seats in Delhi, all 5 seats in Uttarakhand while all 4 seats in Himachal Pradesh.

Vishal Goenka, Co-Founder of IndiaBonds.com believes the the inclusion of Indian bonds in JP Morgan and Bloomberg indices will be a game changer for the Indian fixed-income markets. In an interview with Mint, Goenka emphasised investors should invest in bonds to diversify their portfolios and also highlighted the most important developments in the bond markets in recent times. Edited excerpts: The answer is simple: all financial investors should diversify their portfolios as the basic thumb rule of financial investments.

Market Local Currency Government Index, making it the latest global index to incorporate local sovereign debt. It also paves the way for Indian debt to potentially become part of a considerably larger Bloomberg index that encompasses trillions of dollars of debt. «This step for our EM local index is very significant and will really allow investors to understand the ecosystem around Indian government bonds. Assuming India maintains its investment-grade status, we will continue to keep India on review for the (Bloomberg) Global Aggregate Index,» Nick Gendron, global head, fixed income index product, Bloomberg Index Services, told ET in a video interview. «The global aggregate is an index that is intended to measure the entirety of the investment-grade market. It's managing over $60 trillion in debt. We will stay close to our clients as to their experiences in investing in India and we will keep that dialogue open.»

MUMBAI : Financial news and data provider Bloomberg on Tuesday said it will add a set of Indian government bonds to its widely-tracked emerging market index, a development that could potentially attract investment flows of $3-4 billion beginning next year. Global investors with passive investment strategies buy stocks and bonds featuring in global indices, and Bloomberg's addition of Indian bonds promises to attract investments in them.

bonds in the Bloomberg Emerging Market Local Currency Index with effect from January 31, 2025. The inclusion of Indian bonds in the Bloomberg EM index could bring inflows of $5 billion from passive investors and more likely from active investors.