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04.03 / 02:49
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Lok Sabha Polls: BJD MLA Arabinda Dhali quit to join BJP, cites in Naveen Patnaik's party ‘nobody listens to anyone’
Rahul Gandhi slams ‘BJP-BJD partnership’ in Odisha during Bharat Jodo Nyay Yatra As reported by ANI, Dhali alleged, “I like BJP, it is an independent party. BJD is not independent. The administration in BJD is not going well, nobody listens to anyone." Initially elected to the assembly from the Malkangiri constituency in 1992 in a by-election under the BJP banner, he secured re-election for two consecutive terms.
04.03 / 02:49
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Stocks to Watch: Vedanta, LIC Housing Finance, Reliance Industries, Signature Global, SJVN
Vedanta: Parent of Mumbai-based mining giant Vedanta Limited, Vedanta Resources has plans to reduce its debt by as much as $3 billion over the next three years, according to a senior official at an analyst meeting. The company has no plans to roll over its loans in the upcoming years. “Our priority is deleveraging.
04.03 / 02:29
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Oil prices muted amid Gaza ceasefire talk; OPEC+ maintains supply cuts
Investing.com-- Oil prices rose slightly in Asian trade on Monday as the OPEC+ maintained its current pace of production cuts until the second quarter, although calls from top U.S. officials for an immediate Israel-Hamas ceasefire dulled crude’s momentum.
04.03 / 02:29
04.03 / 01:43
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record high
Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, Nikkei’s record high to oil prices
Also Read: Week Ahead: Macro data, FII activity, global cues among key market triggers as Nifty 50 eyes 22,600 this week The Indian bourses, BSE and National Stock Exchange (NSE), held a special live trading session on Saturday, March 2, to assess the resilience of their disaster recovery systems. On Saturday, the stock market indices ended with marginal gains after hitting record highs during the day. The Sensex gained 60.80 points, or 0.08%, to close at 73,806.15, while the Nifty 50 settled 39.65 points, or 0.18%, higher at 22,378.40.
04.03 / 01:43
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Delhi Excise policy case: ED summons Arvind Kejriwal for 8th time, demands Delhi CM to appear today
Arvind Kejriwal has been asked by the Enforcement Directorate (ED) to appear before the agency on Monday for questioning in connection with the money laundering case linked to alleged irregularities in the Delhi excise policy for the 2021-22 fiscal year, which has since been scrapped. Earlier on all the past 7 occasions, Kejriwal has skipped the summons. The ED has lodged a complaint against Kejriwal for failing to comply with its summons in a Delhi court.
04.03 / 01:19
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Weather Update: IMD predicts spell of rain with thunderstorms in Himachal Pradesh, UP, and THESE states today
PTI reported. Fortunately, there have been no reported casualties from any of the avalanches thus far.
04.03 / 01:19
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Top Events of the Day: PM Modi in Telangana, Tamil Nadu; Delhi budget likely today, Kejriwal's 8th ED summons
Top Events of the Day: Prime Minister Narendra Modi will visit Telangana, Tamil Nadu, Odisha, West Bengal, and Bihar on March 4-6 during which he will inaugurate and lay the foundation stone of projects worth more than ₹1,10,600 crore. In a post on X (formerly Twitter), PM Modi wrote, “Over the next two days, I will be attending various programmes in Telangana, Tamil Nadu, Odisha and West Bengal.
04.03 / 01:19
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RIL plans foray into pumped storage projects amid energy transition push
NEW DELHI : Mukesh Ambani-led Reliance Industries Ltd (RIL) is looking to enter pumped storage projects (PSP) for hydro power as it focuses closely on clean energy, two people aware of the plans said. The company's subsidiary Reliance New Energy is scouting for sites for the projects, the people cited above said on condition of anonymity. PSPs use cheap green power during off-peak hours to lift water to a height and release it into a lower reservoir to turn turbines that generate electricity when the demand for electricity goes up.
04.03 / 01:19
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Banks versus AIFs: Govt enters the picture
MUMBAI : Top officials of the government and the central bank will meet on Monday to figure out a way forward on the vexed issue of bank exposure to alternative investment funds (AIFs), two people aware of the matter said. Officials from the department of economic affairs, department for promotion of industry and internal trade (DPIIT), MSME ministry, the Reserve Bank of India (RBI) and banks will attend the meeting, the people said on the condition of anonymity. The government stepped in because apart from AIFs from private firms, several AIFs have been floated by central government ministries and state governments to pool funds from state-owned banks.
04.03 / 00:39
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Flipkart Internet receives $111 million in new fund infusion
Flipkart Internet, the marketplace arm of Walmart-owned ecommerce firm Flipkart, received a cash infusion of about Rs 924 crore ($111 million) in two parts from its related entities based in Singapore in January, regulatory filings with the Registrar of Companies (ROC) showed. Flipkart has a number of units in India that run a variety of businesses like logistics and the ecommerce marketplace. The fresh capital came from the firm’s related Singapore-based entities on January 8 this year. Two resolutions to infuse capital into the firm were approved on December 20 and December 22 last year, the documents showed.
04.03 / 00:39
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Stocks in news: SMS Pharma, Patel Engineering, Vedanta, HG Infra, SJVN
SMS Pharma The European Directorate for the Quality of Medicines & HealthCare conducted a GMP inspection of the company’s API manufacturing facility in Andhra Pradesh from February 28 to March 1. A report on the same is awaited.
04.03 / 00:31
03.03 / 23:23
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Investors raise Macy's buyout bid - WSJ
(Reuters) -An investor group seeking to buy Macy's (NYSE:M) is raising its offer by nearly $1 billion after the department store chain rebuffed its prior proposal as too low, the Wall Street Journal reported on Sunday.
03.03 / 23:23
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Cyber
New Zealand central bank to implement cyber reporting rules through 2024
SYDNEY (Reuters) — New Zealand's central bank on Monday said banks must report major cyber incidents within 72 hours, as it plans to implement formal cyber reporting requirements in phases through this year.
03.03 / 23:23
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Indian police detain three accused of raping Brazilian-Spanish tourist
SAO PAULO/BENGALURU/BARCELONA (Reuters) — Indian police have detained three men and are searching for four others accused of attacking two tourists and gang-raping the woman, authorities and the couple said.
03.03 / 23:23
03.03 / 21:03
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Highways
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GMR Highways raises Rs 700 cr debt to prepay Yes Bank
GMR Highways has raised ₹700 crore debt from foreign portfolio investors Zeal Global Opportunities Fund and Nova Global Opportunities Fund to prepay loans raised from Yes Bank, said two people with knowledge of the matter. Both invested ₹350 crore each in secured, unlisted and unrated bonds of GMR Highways maturing on February 20, 2028. The bonds have been issued at 14% per annum for 48 months. The company has pledged 100% of its equity shares, and the parent company, GMR Power & Urban Infra, has provided a corporate guarantee.
03.03 / 20:35
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Starbucks is finally past its Howard Schultz era
Howard Schultz officially stepped down as chief executive officer of Starbucks in March 2023. But with Schultz [whose name has so closely been associated with the Starbucks story], you’re never really sure that he’s gone. Twice before has the coffee-chain’s longtime CEO handed over the company’s reins to a hand-picked successor.
03.03 / 19:14
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Toyota to announce $2 billion investment in Brazil this month -local media
SAO PAULO (Reuters) — Japanese auto maker Toyota (NYSE:TM) this month will announce an 11 billion real ($2.2 billion) investment in Brazil, local newspaper O Globo reported on Sunday.
03.03 / 19:13
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Wall Street week ahead: Fed chair Jerome Powell’s congressional testimony, jobs report in focus
ALSO READ: Fed’s Jerome Powell to double down on ‘no rush to cut’ message Data on factory orders for January and a report on ISM services for February will be released on March 5. Fed chair Jerome Powell’s congressional testimony is scheduled for two days March 6 and 7. March 7 will also see the release of data on US trade balance for January.
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