Karnataka High Court dismisses L&T’s appeal against ₹8,005 crore tender process for Sharavathy Pumped Storage and Hydroelectric project

‘Manner in which L&T participated in tender process suggests that it acted as a fence-sitter as ultimately it did not submit the bid’

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Markets trade firm on global rally, fresh foreign fund inflows

The 30-share BSE Sensex climbed 152.31 points to 74,823.59 in morning deals. The NSE Nifty went up by 52.9 points to 22,696.30.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Amid debate about inheritance tax, rising share of personal income tax and indirect tax remains a concern

Recent data show that personal income tax collections have increased, while collections from corporate taxes have reduced

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Bharat Biotech’s Krishna Ella takes over presidency of the Indian Vaccine Manufacturers Association

The IVMA mission is to ensure that every individual, regardless of where they live, has access to life-saving immunizations, Krishna Ella said

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

BSE’s shares fall as SEBI seeks change in fee structure

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Rupee declines 5 paise to 83.43 against U.S. dollar in early trade

At the interbank foreign exchange, the domestic unit opened weak at 83.39 against the greenback and then slipped further to 83.43, registering a loss of 5 paise compared to its previous closing level

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Expectations of future monetary policy impact stock markets more than rate announcements: RBI paper

Why is there volatility in the equity markets on the day of the monetary policy announcement? This working paper prepared by RBI officials finds out

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Tesla CEO Elon Musk kicks off surprise trip to Beijing: report

Musk said this month Tesla may make FSD available to customers in China "very soon"

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

China's share in India's industrial goods imports jump to 30% from 21% in last 15 years: GTRI

The Indian government and industries must evaluate and potentially recalibrate their import strategies, fostering more diversified and resilient supply chains, GTRI founder Ajay Srivastava said

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Cuba’s cash crunch leads to long lines and growing frustration

Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos from an ATM

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Bellari firm SMIORE to acquire Arjas for ₹3,000 crore

SMIORE is the fifth-largest iron ore miner in Karnataka and the third-largest miner of manganese ore in India and is the flagship business of the royal family of Ghorpade

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

KSB Q4 PAT up 7.5% to ₹43.1 crore

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Markets rally for sixth day running on firm Asian peers; Tech Mahindra jumps more than 12%

The 30-share BSE Sensex climbed 176.47 points to 74,515.91 in early trade. The NSE Nifty went up by 50.05 points to 22,620.40.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Rupee declines five paise to 83.33 against U.S. dollar in early trade

At the interbank foreign exchange, the domestic unit opened weak at 83.30 against the dollar and then further slipped to 83.33, registering a fall of five paise over its previous close.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Microsoft earnings jumped 17% on cloud boost, AI

Microsoft reported that third quarter revenue was $61.9 billion, up by 17%, and that earnings per share was $2.94, representing a rise of 20%

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Swiggy secures shareholders' nod to raise over ₹10,400 crore via IPO

Swiggy plans to raise up to ₹3,750 crore funds through fresh equity shares, in addition to an offer-for-sale component of up to ₹6,664 crore, according to sources

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Key decisions of central bank cannot be left to politicians, says former RBI Governor Subbarao

It is the responsibility of the central bank to maintain price stability and lower and steady inflation, Duvvuri Subbarao said.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

MDH, Everest masala row: India inspects spice makers over alleged contamination

India's spices export regulator said it had sought data on MDH and Everest exports from relevant authorities in both countries and was working with the companies to find the "root cause" of the issue.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Axis Bank reports Q4 PAT of ₹7,130 crore

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

InterGlobe, C.P. Gurnani's Assago set up AI business venture; eyes partnerships

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Dr. Reddy’s recalls Sapropterin Dihydrochloride oral solution powder in U.S. due to ‘sub potency’

The issue was discovered during an accelerated stability test in addition to customer complaints.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Swaraj Tractors unveils a limited-edition tractor of its five variants to mark its golden jubilee

Swaraj Tractors manufactures a range of tractors from 11.2 kW (15 HP) to 49.2 kW (65 HP), providing comprehensive farming solutions and pioneering horticulture mechanization

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Pakistan hopes to get new IMF loan by early July: Finance Minister

Pakistan's current $3 billion arrangement with the IMF runs out in late-April

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Rupee rises 6 paise to 83.30 against U.S. dollar in early trade

On Monday, the rupee appreciated by 8 paise to close at 83.36 against the U.S. dollar.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

RIL Q4 PAT drops 1.8% to ₹18,951 crore

For financial year 2023-24, Reliance Industries Ltd. reported profit after tax grew 4.37% to ₹69,621 crore and consolidated gross revenue grew by 2.6% to ₹10,00,122 crore; the company’s board on Monday declared a dividend of ₹10 per share

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Indian Overseas Bank board approves capital raising plan for FY25

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

How a Chennai-based firm is using virtual reality to train industrial workers

Skillveri, based in Chennai, leverages Meta’s Quest headsets to train industrial workers in skills like painting, welding, and mechanical installation

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Sensex climbs 640 points; Nifty tops 22,300-level in early trade

From the Sensex basket, UltraTech Cement, Axis Bank, Bajaj Finance, Larsen & Toubro, Tata Steel and Tata Motors were the major gainers

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Direct tax collections exceed estimates in FY24; jump 18% to ₹19.58 lakh crore

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Govt. should announce legally backed minimum procurement price for food crops, says Prakash Kammaradi

Karnataka Agriculture Price Commission headed by Prakash Kammaradi submitted a report on the legally backed MSP to the government in 2018

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

What is the outlook on the global economy? | Explained

What are the risks and vulnerabilities the International Monetary Fund has warned about in its latest financial stability report? Is the threat of a global recession waning? Is the American economy doing well? Will it have a spillover effect on emerging markets?

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

The travails of becoming a pilot in India

Vistara First Officers’ anger over their new pay structure is the tip of the iceberg of a deeper industry malaise; junior officers feel exploited over expensive training, “illegal” bonds and lack of choice

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Debt, fiscal challenges facing low-income countries worry IMF

IMF chief Kristalina Georgieva said the the body is working on ways to support low-income countries hit hardest by high debt levels

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Yes Bank co-founder Rana Kapoor gets bail in bank fraud case after four years

Yes Bank co-founder Rana Kapoor has been released from jail after four years. He secured bail in all the cases filed against him by the ED.  Mr. Kapoor exited Taloja Central Prison at 7 p.m. 

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

‘Conditions not yet in place for any let-up in restrictive monetary stance’

Downward pressure on inflation must be maintained until a better balance of risks becomes evident, MPC minutes cite RBI’s Patra as having observed in the latest policy meeting

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Markets tank in early trade as Middle East tensions flare-up

Fresh foreign fund outflows, uptick in Brent crude oil prices and decline in IT stocks also added to the overall weak sentiment in equities.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Room for optimism: review of Akshay Rathi’s Climate Capitalism

How capitalist economies can reform and be serious about tackling climate change

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

What’s the positive correlation between prices of gold and the U.S. dollar?

There was a direct relationship between global price of crude oil and the international price of gold (positive correlation) and an inverse relationship between the external value of the U.S. dollar and the international price of gold (negative correlation).

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Elon Musk likely to unveil $2-$3 billion India investment during visit, sources say

The two sources said Mr. Musk will likely give an investment figure for India without sharing details such as a timeline or an Indian state where the plant will be built

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

New private investments dropped over 15% in 2023-24; States led capex growth

Value of new investment projects dipped 5% to ₹35.22 lakh crore, with fresh manufacturing outlays down 40%

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

India not reaping benefits of democratic dividend: Raghuram Rajan

Former RBI governor Raghuram Rajan was critical of India spending billions of dollars on chip manufacturing

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Why has India allowed FIIs to invest in its green bonds? | Explained

What are Sovereign Green Bonds? How will investments by Foreign Institutional Investors in green government securities accelerate India’s transition to a green economy?

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Stock markets to remain closed today for Ram Navami

Trading will resume on Thursday, April 18

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

ZEE withdraws from NCLT application to merge operations with Sony

ZEEL said the steps taken by it to withdraw the implementation application from NCLT are based on the legal advice received by the board

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Ramkrishna Forgings secures ₹270 crore order for Vande Bharat trains

This order encompasses 32 train sets, each comprising 16 coaches and RKFL will be producing a total of 1,024 bogie frames, it said

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Tesla scouts for its first India showroom locations

Tesla, which saw its global vehicle deliveries decline in the first quarter for the first time in nearly four years, is stepping up efforts to expand into new markets

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Wholesale price inflation rises to three-month high of 0.53% in March

Global spikes in oil and commodity prices, and heat waves in India could elevate inflation pace in this quarter

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Shipping industry set for tougher times ahead due to West Asia tensions: Experts

Supply chain disruption is certain though hope is being maintained that both Iran and Israel will not blow up the situation

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Byju's announces rejig of business; founder Raveendran to take over firm's daily operations

The edtech major will also consolidate its business into three focused divisions - the learning App, online classes and tuition centres, and test-prep

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Sensex tanks over 900 points amid Iran-Israel tensions

This downward trend was attributed to selling across various sectors amidst weak global cues

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Automobile exports from India dip 5.5% in FY24

Commenting on the drop in overseas shipments last fiscal, SIAM President Vinod Aggarwal said the situation remains volatile in various overseas markets.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Government directs e-commerce firms to remove Bournvita, other drinks from ‘health drinks’ category

The advisory said that all e-commerce companies or portals are advised to remove drinks and beverages, including Bournvita, from the category of health drinks from their platforms or sites.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Watch | The troubles behind Vistara’s massive flight cancellations I Explained

Why was there deep unrest among pilots? Will it affect your travel plans this month?

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

India extends operation of imported coal-based power plants until October 15

The power demand is expected to rise in the hot summer months

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Wipro must focus on creating value, cut low-cost services: Everest Group

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Industry body seeks release of ‘pending’ subsidies by Tea Board

he Tea Board has been extending subsidy and financial incentives for undertaking various activities relating to improving production and quality of tea under a scheme covering the period 2007-2017

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Bankman-Fried appeals FTX fraud conviction, 25-year sentence

The 32-year-old former billionaire crypto wunderkind was convicted in November on seven counts of fraud and conspiracy in what federal prosecutors have called one of the biggest financial frauds in U.S. history.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Markets decline in early trade after record-breaking rally

Sensex declined to 74,714.03, and Nifty dipped to 22,657.20

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Rupee falls seven paise to 83.38 against U.S. dollar in early trade

Forex traders said the strength of the American currency in the overseas market also dented investor sentiments.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Top-ends and EVs driving demand in India: Mercedes CEO

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

FY25 auto growth will be moderate; pent up demand for personal mobility dries up: Ind-Ra

The personal-mobility segments namely passenger vehicles (PVs) and two-wheelers (2Ws) would continue to grow, though at moderated rates

from | The Hindu

20 coal mines likely to come into operation by year end

India’s total coal and lignite output was 937 MT in 2022-23 fiscal year, data shows

from | The Hindu

Sensex, Nifty rebound in early trade

From the Sensex basket, Bharti Airtel, Tata Steel, Reliance Industries, Kotak Mahindra Bank, Axis Bank and State Bank of India were the major gainers.

from | The Hindu

At least 20 firms bought electoral bonds within 3 years of incorporation, a punishable offence: Data

The law banning firms within three years of incorporation to make political contributions was applicable for electoral bond donations as well

from | The Hindu

Air India and BIAL sign agreement to make Bengaluru premier aviation hub of south India

Air India said that this partnership will stimulate the MRO ecosystem and is projected to generate over 1,200 new job opportunities for highly skilled individuals in the State.

from | The Hindu

Two directors of TFCIL step down

from | The Hindu

Sensex hits a record high; Nifty near all-time high

from | The Hindu

N.K. Singh moots market discipline link for fiscal accountability

Fifteenth Finance Commission chief emphasises the need to combine fiscal prudence with growth

from | The Hindu

For MSMEs, GST is a concern that parties must address this election season

GST slabs have paralysed many of these units as ‘MSMEs do not have the resources or understanding of GST mainly because most of these units are run by a single person’

from | The Hindu

Onion traders cry foul over underpriced exports to UAE

Centre has permitted 24,400 MT shipments to the country amid ban on exports ‘till further orders’; exporters allege selling price being set too low, triggering windfall profits for selected UAE importers

from | The Hindu

SEBI asks finfluencer to deposit 'unlawful gains' worth over ₹12 crore it made through advisory

Ravindra Bharti Education Institute is a company founded by Ravindra Balu Bharti in the year 2016, along with his wife, Shubhangi Bharti

from | The Hindu

HDFC Bank, LIC emerge as big gainers as four of the top 10 valued firms add ₹1.71 lakh cr to m-cap

TCS and SBI were the other gainers; while RIL, ICICI Bank and Bharti Airtel faced losses in their valuation

from | The Hindu

What is the outlook on women’s employment? | Explained

What does the India Employment Report, 2024 state about key labour market indicators? Why is women’s participation in the labour force low? What are the recommendations to bring about a change in women’s job prospects?

from | The Hindu

Will new solar power rules boost production? | Explained

What is the Approved Models and Manufacturers of Solar Photovoltaic Modules Order? 

from | The Hindu

Poultry giant Venky’s marketing antibiotics for growth promotion in farms

The Bureau of Investigative Journalism and The Hindu find the poultry producer is pushing antibiotics in ways that contribute to the spread of drug-resistant infections

from | The Hindu

One-fourth of Vistara pilots reject new pay formula

Merger with Air India escalates manpower crunch and raises questions on depleting training standards.

from | The Hindu

Mangalore port registers 10.36% growth in cargo handling, nets ₹551 crore surplus in 2023-24

The port is hopeful of handling of 50 million tonnes of cargo in 2024-25 if roads across the Western Ghats in Karnataka are open throughout the year

from | The Hindu

Food inflation keeps RBI worried

"A record rabi wheat production would help temper price pressure and replenish the buffer stocks. Moreover, early indication of a normal monsoon augurs well for the kharif season," RBI said.

from | The Hindu

RBI Monetary Policy LIVE updates | Policy repo rate unchanged at 6.5%; real GDP growth for FY25 projected at 7%

The central banking authority of India has kept the repo rate unchanged for the last six consecutive MPC meetings

from | The Hindu

Markets fall in early trade ahead of RBI policy announcement; Sensex tumble nearly 200 points

Among the Sensex constituents, 24 stocks were trading in red with Tech Mahindra, JSW Steel, L&T, Tata Steel, and Axis Bank being the major laggards

from | The Hindu

Air India, Vistara pilots unite to raise concerns over pay, work conditions across Tata group airlines

The National Company Law Tribunal will evaluate the impending merger of Vistara into Air India on Friday

from | The Hindu

India's services sector growth hits 13-and-a-half-year high in March on robust demand conditions: PMI

The upturn was largely attributed to healthy demand conditions, efficiency gains, and positive sales developments, says HSBC India Services PMI survey.

from | The Hindu

Rupee rises 11 paise against US dollar in early trade

According to forex traders, elevated crude oil prices and sustained foreign fund outflows dented investor sentiments.

from | The Hindu

Markets rebound in early trade; Sensex, Nifty hit fresh peaks

While the BSE Sensex surged 497.06 points to hit all-time high of 74,373.88, the NSE Nifty climbed 144.70 points in early trade.

from | The Hindu

World Bank projects Indian economy to grow at 7.5% in 2024

According to the report, South Asia is expected to remain the fastest-growing region in the world for the next two years, with growth projected to be 6.1% in 2025

from | The Hindu

Rupee trades in narrow range against U.S. dollar in early trade

Forex traders said a negative trend in domestic equities and the overall strength of the American currency in the overseas market weighed on investor sentiments.

from | The Hindu

Bharat Biotech, Serum Institute arm Bilthoven Biologicals to collaborate for oral polio vaccine

The Hyderabad-based Bharat Biotech will procure drug substances manufactured in the Netherlands at Bilthoven Biologicals for the vaccines

from | The Hindu

March manufacturing PMI at 16-year peak

Survey-based index shows new order and output recorded fastest rise in 42 months, but confidence levels about year-ahead prospects slumped to four-month low

from | The Hindu

Rupee trades in narrow range against U.S. dollar in early trade

The rupee opened at 83.37 against the greenback, then touched 83.35, registering a rise of 4 paise over its previous close

from | The Hindu

Markets fall in early trade on profit-taking, foreign fund outflows

Global oil benchmark Brent crude climbed 0.48% to $87.84 a barrel

from | The Hindu

Indian Oil, Panasonic Energy ink pact for lithium-ion cell JV

The JV is in anticipation of expanding demand for batteries for two-and three-wheelers and energy storage systems in the Indian market

from | The Hindu

No new change in income tax regime from April 1: FinMin

from | The Hindu

Now, GST probe into big corporates, major MNCs needs a ‘written approval’

Each investigation relating to big industrial houses and major multinational corporations must be initiated only after the approval of the Principal Commissioner, say new guidelines.

from | The Hindu