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Subscribe to enjoy similar stories. Dalmia Bharat Ltd is expanding its footprint by making a strategic investment of about ₹3,520 crore, to be funded via debt and internal accruals. The cement maker will establish a 3.6 million tonnes per annum (mtpa) clinker unit and a 3mtpa grinding unit at its plant in Belgaum, Karnataka.

Uttarakhand Cabinet, under the chairmanship of Chief Minister Pushkar Singh Dhami, has approved the implementation of the Central Government's Unified Pension Scheme for officers and employees in the state. The decision was taken during a cabinet meeting held on Monday, officials said. The Unified Pension Scheme (UPS) has been introduced as an option under the National Pension System (NPS) by the Central Government for the Central Government employees covered under NPS so that they may receive an assured payout after their retirement. The Unified Pension Scheme will be operational from April 1, 2025

Subscribe to enjoy similar stories. • Ahluwalia Contracts: Buy above ₹665, stop ₹653, target ₹715 This counter from real estate industry has found some strong supports after the recent decline and the price rose steadily on Monday. A rise in volumes could now result in a revival.

Subscribe to enjoy similar stories. On March 3, Indian stock indices closed slightly lower amid high market volatility. Mixed signals, including positive domestic data like improved GDP figures and increased GST collections, were overshadowed by global trade uncertainties and concerns over the Ukraine peace deal.

buy call on Jubilant Foodworks with a target price of Rs 780. The current market price of Jubilant Foodworks Ltd. is Rs 607.3. Jubilant Foodworks, incorporated in 1995, is a Large Cap company with a market cap of Rs 40174.68 crore) operating in Tourism & Hospitality sector. Jubilant Foodworks' key products/revenue segments include Beverages, Other Operating Revenue for the year ending 31-Mar-2024.

The Nifty futures closed negatively with losses of 0.06% at 22,267 levels on Monday. India VIX fell by more than 1% to close at 13.76 in the previous trading session.

Coforge shares will be in focus on Tuesday, March 4, as the company’s board meets to evaluate a proposal for altering its share capital through a stock split or subdivision of its existing equity shares with a face value of Rs 10 each. «The meeting of the Board of Directors of the company is scheduled to be held on Tuesday, March 04, 2025, inter alia, to consider the proposal for altering the share capital of the company by subdivision/split of the existing equity shares of face value Rs 10/- each, fully paid-up, in such a manner as may be determined by the Board of Directors, subject to the approval of the shareholders and any approvals, as may be required under applicable law,» the company said in an exchange filing.

Axis Securities has a buy call on Hero MotoCorp with a target price of Rs 5,285. The current market price of Hero MotoCorp is Rs 3,690. Hero, incorporated in 1984, is a Large Cap company with a market cap of Rs 73499.83 crore, operating in the Auto sector. Hero MotoCorp's key products/revenue segments include Motorised Two Wheelers Upto 350cc Engine Capacity, Spares (Two Wheelers), Sale of services, Other Operating Revenue and Duty Drawback for the year ending 31-Mar-2024.

RBL Bank shares will be in focus on Tuesday after the private sector lender confirmed that Maharashtra State GST officials conducted searches at three of its offices under Section 67 of the Maharashtra Goods and Services Tax (MGST) Act, 2017. The bank stated that the proceedings are ongoing and that it is fully cooperating with authorities by providing the requested data.

Titan shares will be in focus on Tuesday after global brokerage firm Macquarie lowered its target price on the stock to Rs 4,000 from Rs 4,150 while maintaining an 'Outperform' rating. Macquarie continues to view Titan as the preferred pick in the consumer space. The brokerage expects rising gold lease costs for smaller players to strengthen Titan’s competitiveness, while concerns over lab-grown diamonds are seen as immaterial. It has also cut FY25-27 EPS estimates by 3-4% due to higher lease costs, partly attributed to Trump’s tariff, and the near-term impact of rising gold prices on jewelry demand.

Subscribe to enjoy similar stories. New Delhi: India’s goal of becoming a high-income, developed nation by 2047 is realistic but requires overcoming challenges, Auguste Tano Kouamé, the World Bank's Country Director for India, told Mint. While the target may seem ambitious, historical trends and planned structural reforms make it achievable, Kouamé said.

WASHINGTON — The risks for higher inflation are on the rise, St. Louis Federal Reserve President Alberto Musalem said Monday.

For IPL 2025, the company has set a revenue target of ₹4,500 crore, up from an estimated ₹4,000 crore earned across TV and digital platforms last year. It has already secured 12 sponsors across multiple categories for the tournament. Media buyers also estimate that the 10 IPL teams could collectively earn up to ₹1,300 crore in team sponsorship revenues, with major franchises like Mumbai Indians, Chennai Super Kings, Gujarat Titans and Royal Challengers Bengaluru potentially earning between ₹100 crore and ₹150 crore each.

Public Financial Management System 2.0 to ensure efficient and transparent utilisation of funds of urban and rural local bodies, harnessing the Treasury Single Account (TSA) mechanism. The Controller General of Accounts (CGA) is working on a standard accounting process for the urban and rural local bodies and the target is to add at least all large local bodies ahead of FY27, officials said. The move is part of the next set of policy reforms that aim to make local bodies accountable for transparent usage of public money and to prevent fund diversion and delay in allocation of money.

Samsung India, Mobile Experience, Vice President, Aditya Babbar said the new A series devices would be made in India. «As per Counterpoint Research, there are 89 million happy customers on A series. We are targeting greater than 100 million devices in A series this year,» he noted. Babbar said that according to Counterpoint Research, last year, Samsung was an absolute leader in the price segments of Rs 25,000-35,000 and Rs 35,000 to Rs 50,000 in which Galaxy A56 and Galaxy A 36 are being launched, and the company expects to maintain that trend.

Returning to America, these ships carried prized Indian products: indigo dye and delicate silk. These imports reshaped American manufacturing, influencing textile production, dyeing methods and fashion trends. This historical exchange illustrates a timeless lesson: trade, at its core, fosters innovation and benefits both sides. Today, that spirit of cooperation is under strain. Donald Trump's administration has embraced protectionism, aiming to bring manufacturing jobs back to American shores through a policy called 'Fair and Reciprocal Plan'. Underpinning this policy is frustration over trade imbalances and unequal market access. As the White House recently highlighted, 'The US average applied tariff on agricultural goods is 5%. But India's average applied tariff is 39%. India also charges a 100% tariff on US motorcycles, while we only charge a 2.4% tariff on Indian motorcycles.' Such tariff disparities have soured economic relations, even as the US and India have grown strategically closer.

Saba originally submitted a requisition for a second general meeting at CYN on 12 February as part of its second round of investment trust activism, with CYN one of two vehicles targeted by the Manhattan-based activist in both its ‘Plan A' and ‘Plan B' campaigns.  However, the trust's board revealed today (3 March) that it has engaged in constructive conversations with Saba and the hedge fund has consequently agreed to withdraw its request for a general meeting so that the board and its advisers can carry out a strategic review.  Saba Capital launches next round of trust activism targ...

Maharashtra Governor CP Radhakrishnan on Monday said the state is a preferred destination for foreign direct investment (FDI) and contributes more than 14 per cent to the country's gross domestic product (GDP). The governor, addressing the joint session of the state legislature on the first day of the budget session, asserted that Maharashtra was one of the leading industrial states in the country. He said the state government has signed memoranda of understanding (MoUs) worth approximately Rs 15.72 lakh crore with 63 national and international companies during the World Economic Forum in Davos, Switzerland, in January, and these investments will generate more than 15 lakh employment opportunities. Radhakrishnan said the state government is committed to resolving the Maharashtra-Karnataka border dispute and has appointed expert advocates to represent Maharashtra before the Supreme Court.

CLSA has upgraded its ratings on Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) to ‘High Perform’ from ‘Outperform’, citing robust loan growth, strong return on equity (ROE), and attractive dividend yields. The brokerage firm has also set a target price of Rs 525 for both REC and PFC, adjusting from their previous targets of Rs 590 and Rs 540, respectively.

The consumer price index fell 0.09% year-on-year last month, the first annual measure of deflation since March 2000, and well below market expectations for 0.60% inflation. It was the second month in a row the annual CPI rate has come in below the central bank's inflation target range of 1.5% to 3.5%. January's inflation rate was 0.76%.

Subscribe to enjoy similar stories. • Cartrade Tech: Buy at ₹1,530, stop ₹1,505, target ₹1,650-1,690 After undergoing some profit booking, prices have slipped into a strong set of supports that are indicating that the trends are looking to head higher once again. With the strong rise seen on Friday some demand is emerging at lower levels.