Remark Financial News

India, which has been transformed from “an economy with promise” to being on the cusp of becoming the third largest one after the US and China, Satyan Gajwani, vice chairman, Times Internet, said in his welcome address at the ET Awards for Corporate Excellence 2023. “Today, we mark 25 years since the founding of the ET Awards,” he said. “Way back in 1998, when we launched this endeavour to celebrate the best of Indian business, the Sensex hovered around 4,000 points — it has grown 18 times and is about to touch 75,000.” Gajwani spoke about the remarkable growth of India’s stock markets, showcasing a news report from ET in 1998 quoting a survey result of 3,000 households that preferred selling their stocks rather than buying them.

ET Awards for Corporate Excellence came an unusual address. “My keynote today is to unlock your conscience,” said Mrs Meera Jain, founder of Evoke. Mentioning startling numbers — “1,50,000 animals perish each minute” — she outlined the Sixth Extinction, a manifestation of the Anthropocene, the era of human impacts reshaping Earth. “Humanity has wiped out 60% of the world’s wildlife since 1970,” she stated, adding ironically, “That’s thanks to Alfred Nobel’s gunpowder. So much for the Nobel Prize” However, humans can stop this apocalypse. She mentioned praiseworthy initiatives from the world of enterprise seeking to help nonhuman species. She described a visit to Vantara, the animal rescue and rehabilitation centre established by Anant Ambani. Vantara provides world-class care to species rescued from poachers, wildlife traffickers and circuses globally. Its devotion to endang e r e d a n i m a l s shows humanity at its best, she remarked. She lauded Ratan Tata’s hospital for dogs and small animals i n Mu mb a i and urged directors of Tata companies to devote more CSR funds to animal welfare.

Bhopal (Madhya Pradesh) [India], March 17 (ANI): Former chief minister of Madhya Pradesh Shivraj Singh Chouhan launched a scathing attack on the Congress party on Sunday, stating that the party is neither left with an army nor a leader. Chouhan asserted that the Congress, once a formidable force in Indian politics, now resembles a 'sinking ship without direction and vision.' Addressing a press conference in state capital Bhopal, Shivraj Singh Chouhan said, «On one hand, the BJP is a shining star, and on the other hand, the Congress is a sinking ship. Neither does the party have a way nor a vision, that is why their condition is depleting.» Exuding confidence in the BJP's victory in the upcoming elections, Chouhan stated, «Ab ki baar 400 paar» is not a BJP slogan, but rather an announcement of the public."

Congress Working Committee (CWC) will discuss the party's manifesto for the Lok Sabha elections at its meeting on March 19 and give the final shape to it. The Congress' central election committee (CEC) chaired by party chief Mallikarjun Kharge is also likely to meet on March 19 to 20 to finalise the remaining candidates of the party for the seven-phase polls beginning April 19. AICC general secretary Jairam Ramesh said that the CWC, its top decision-making body, would meet on March 19 and give its nod to the draft manifesto which carries the five 'guarantees' for justice. He said the party will fight the elections on the issue of 'five nyay' (justice) — 'Bhagidari Nyay', 'Kisan Nyay', 'Nari Nyay', 'Shramik Nyay' and 'Yuva Nyay' — with 25 guarantees, five for each nyay, which have already been announced by Congress president Mallikarjun Kharge and former president Rahul Gandhi.

Enforcement Directorate (ED) for its unwavering efforts in combating corruption while dismissing opposition parties' concerns over the probe agency's remarkable actions. In a resounding affirmation of his government's zero-tolerance policy towards corruption, PM Modi praised the ED's stringent measures, stating that every agency is "completely free" to act against graft. "Zero tolerance towards corruption is a key aspect of our governance," he asserted, as quoted by India Today.

Jaishankar defends CAA in Brussels as he promotes India-EU ties The US Ambassador to India, Eric Garcetti, speaking at the India Today Conclave on Friday said that the United States can't give up on principles and principles of religious freedom and equality are a cornerstone of democracy. Speaking on this, S Jaishankar said, “I have principles too, and one of my principles is an obligation to people who were let down at the time of partition".

US President Joe Biden's campaign spokesperson, James Singer, said in a statement that former President Donald Trump «wants another January 6» after Trump on Saturday said that there would be a 'bloodbath' in the country if he lost the upcoming polls, reported CNN. Condemning his statement, Singer emphasised that the US people would not make him win the presidential elections.

US President Donald Trump on Saturday warned of a 'bloodbath' in the country if he does not get elected in the polls set to be held later this year, Politico reported. Addressing a rally near Ohio's Dayton, Trump said, «Now, if I don't get elected, it's gonna be a bloodbath. That's going to be the least of it.» He said, «It's going to be a bloodbath for the country.»

Trump told a rally in Ohio on Saturday that November's presidential election will be the «most important date» in US history, painting his campaign for the White House as a turning point for the country. Days after securing his position as the presumptive Republican nominee, the former president also warned of a «bloodbath» if he is not elected — though it was not clear what he was referring to, with the remark coming in the middle of comments about threats to the US auto industry.

Narendra Modi on Saturday said that he is actively strategizing for the year 2047, stressing the focus on “long-term planning". When asked at the India Today Conclave whether Prime Minister Modi is already preparing for the 2029 Lok Sabha elections, the Prime Minister said, “Find out what Modi is. You are stuck on 2029 but I am planning for 2047." PM Modi further mentioned that today the mood of the nation is about making India a Viksit Bharat.

It is that time of the year when the crypto markets experience a complete shakedown as a result of Bitcoin’s price surge. However, among other exciting projects, a meme coin is holding the markets’ reins for the first time. That meme coin is the new and hyped-up BEFE coin. Some are calling this fresh new entry the crypto king due to its newsworthy rally record by major crypto tracking websites such as CoinMarketCap. The most impressive part of being an early BEFE coin is that its performance has been remarkable since day 1. Even though there have been a few ups and downs along the way, that does not hinder its growing presence in the market.

everything rally" effectively encapsulates the exceptional performance witnessed across most asset classes in the past year. Notably, stocks, oil, and even gold saw double-digit percentage gains, with bitcoin also making significant strides. Among emerging markets, the Indian stock market stood out, reaching new heights, a development buoyed by the government's concerted efforts to promote emerging sectors such as data centres, green hydrogen, and semiconductors.

Amit Shah on Friday showed respect to the Supreme Court order on electoral bonds, saying the scheme was introduced to terminate the influence of black money in politics. Addressing the India Today Conclave, Shah said, “I feel that instead of completely scrapping the electoral bonds, it should have been improved." He claimed that the opposition leaders used to take political donations in cash to fill their own pockets. “For example, out of a donation of ₹1,100, they used to deposit ₹100 in the party's name and keep ₹1,000 in their own pockets.

Solana is trading at 180.72 increasing by nearly 4% on Friday.  The recent surge in Solana (SOL) prices can be attributed to the explosive rise of meme coin excitement, notably propelled by Dogewhatif (WIF).

(This March 14 story has been refiled to fix a spelling error in the CEO's last name throughout the story)

India's current economic boom similar to that of 2003-07? Morgan Stanley thinks so, lists 5 parallel trends India's merchandise exports soared to $41.40 billion in February, marking the highest figure in 11 months. The last time exports reached such levels was in March 2023, when they stood at $41.96 billion. Concurrently, imports also surged to a four-month peak.

This year, Indian debt will begin to be included in global bond indexes, starting with JPMorgan Chase & Co.’s products in June, followed by the Bloomberg Emerging Market Local Currency Government Index from January 2025. (Disclaimer: Bloomberg LP, the parent company of Bloomberg News, offers index products for various asset classes through Bloomberg Index Services Ltd.) And, when last quarter’s growth numbers were announced in the past fortnight, analysts were startled to see that the Indian economy had apparently grown at an annualized rate of 8.4%. There are certainly solid grounds for optimism. India’s macroeconomic stability is impressive compared to many of its peers. Pandemic spending wasn’t excessive. The fiscal deficit has been steadily shrinking as a proportion of gross domestic product. The rupee has been remarkably stable. And “core” inflation, which excludes food and fuel prices, has eased to 3.3% year-on-year, according to data released this week.

Narendra Modi is preparing for the upcoming Lok Sabha elections with the rallying cry of ‘Abki Baar 400 paar,’ as he is scheduled to conduct a roadshow in Telangana's Hyderabad and address a public gathering in southern Kerala on Friday. Additionally, Modi intends to visit Telangana and Tamil Nadu as part of his campaign efforts on Friday.

Stock Market News: Domestic equity benchmark indices, the Sensex and Nifty 50, began Friday's session with some minor cuts amid mixed global cues. The 30-share BSE Sensex opened lower by 210.51 points or 0.29% at 72,886.77 level while the Nifty 50 opened at 22,064.85 level, down 81.90 points or 0.37%.

Israel and Islamist militant group Hamas. Palestinian leaders hope he could now emerge as a unifying figure as he prepares to rebuild the enclave after five months of Israeli bombardment since the Hamas attack on Israel on Oct. 7.

PM Modi, Rishi Sunak discuss ‘early conclusion’ of Free Trade Agreement Though Sunak had repeatedly said his “working assumption" was that he would call it in the “second half" of 2024, his previous failure to explicitly rule out a May vote saw rumors build that he was considering a snap election if he judged that his political position was coming under threat. The prime minister has been under particular pressure in recent days after a series of controversies that provoked mounting criticism from within his own governing Conservative Party, including over racist remarks allegedly said by a top Tory donor.