Share market and trading News

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lx8qszi

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lsVBYFj

The Federal Reserve left interest rates unchanged in its latest policy statement, signaling a shift away from a bias towards rate hikes. While not indicating an imminent rate cut, the Fed acknowledged concerns about both inflation and employment, suggesting a more balanced approach. The statement disappointed investors expecting rate cuts soon, emphasizing the need for greater confidence in achieving the 2% inflation target before considering reductions. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/BkVOl5b

NTPC is set to acquire the KSK Mahanadi power station in Chattisgarh, a large greenfield project with a proposed capacity of 3,600 MW, marking the state-run utility's second acquisition of a stressed asset. The project came under corporate insolvency resolution process in April 2022 after defaulting on loans. NTPC's investment in the project is valued at Rs 5,000 crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IbTZswq

Sebi, is reviewing a requirement for listed companies to disclose all penalties imposed by authorities, regardless of the amount, which has increased compliance burden. Previously, companies had discretion in disclosing fines. Critics argue that reporting even insignificant penalties, such as those representing a tiny fraction of a company's market capitalization, leads to unnecessary compliance burden and obscures truly significant disclosures. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Uvh2EqV

Companies challenge NAA's methodology, seek remedy in GST Appellate Tribunal. Complexity arises due to lack of clear methodology for individual calculations. FMCG argues increased costs during GST introduction. Furniture companies cite higher import costs. Auto companies mention minimal cost reduction. Court's order poses challenge for GST Council. Slab merger and rate reduction may lead to similar disputes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7MnxCe3

The Indian government has released a set of measures to enhance women's participation in the workforce, including gender-neutral recruitment ads, creche breaks, promoting women in management, and providing maternity benefits to highway and construction workers. The government also encourages companies to review procurement practices, address gender pay gaps, and set up hostels for working women. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qWtBKLr

On Monday, the Sensex surged by 1,241 points, marking the highest single-day gain since December 4, 2023, and closing at 71,942. Reliance Industries led the rally with nearly a 7% surge, contributing to its best daily gain in about three years. The Nifty gained 385 points or 1.8%, closing at 21,738 points. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/taJl2Hn

Gold strengthened on Monday due to increased tensions in the Middle East, which bolstered demand for the safe-haven asset. Additionally, market participants awaited the Federal Reserve policy decision later in the week for further insight into the timing of the first US interest rate cut of the year. Spot gold rose by 0.4% to $2,027.00 an ounce by 12:02 pm ET (1702 GMT). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hBwxE08

Reddit is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter, even as it is estimated below that figure in the volatile market for shares of private companies. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/En5LWqd

If there is one word to describe the Budget team, it's stability. Not only has finance minister Nirmala Sitharaman stayed her full term and will present her sixth straight Budget, but there are at least two secretaries who would be there for their fifth Budget - a rarity in bureaucracy.Finance secretary T V Somanathan and department of investment and public asset management (Dipam) secretary Tuhin Kanta Pandey have been part of the Budget team since they took over top positions and could well have two full Budgets to deal with in July and Feb 2025. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Pbxc5uZ

The analysis of budget expectations for senior citizens, based on a survey by the Agewell Foundation, reveals significant concerns among the elderly. Key points include the demand for GST exemptions or lower rates on essential products like adult diapers and wheelchairs, a call for more realistic old age pension schemes, and a desire for tax-free investment options. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PyIz5Z2

Binny Bansal, co-founder of Flipkart, has officially stepped down from the board of the internet firm. Flipkart, which was acquired by Walmart in 2018, is in a robust position with a strong leadership team. Bansal's resignation comes as he launches his new startup venture OppDoor to help e-commerce brands expand globally. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NoraqdP

Rana Talwar, the first Indian and Asian to lead a global bank, passed away at the age of 76. He had been unwell for some time. Talwar began his career with Citibank in India in 1969 and played a crucial role in establishing Citi's consumer banking as a leading franchise in the nineties. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/JL5kzHB

Yes Bank reports fourfold increase in net profit to Rs 231 crore, driven by lower provisions. The bank's operating profits declined due to modest growth in net interest income and increased operating expenses. Supreme Court to hear petition against stayed Bombay high court order on Yes Bank's write-down of Additional Tier 1 bonds. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DPaGoHM

A container crisis in the Red Sea is causing a shortage of containers at ports, which has the potential to disrupt India's exports to Africa and Latin America. Exporters are requesting leasing companies and shipping lines to move containers from the east to the west. The crisis is expected to impact exports of petroleum, automobiles, marine food, and agri commodities. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9DsSI67

Krutrim, the AI startup founded by Ola's Bhavish Aggarwal, raised $50 million in a funding round led by Matrix Partners India. The funding valued Krutrim at over $1 billion, making it India's first unicorn in the pure AI space. The beta version of Krutrim will be available for consumers from February. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RWHh4BS

India Inc urges government to boost demand through public spending and disinvestment. Ficci recommends major thrust on public capex in forthcoming Budget. CII suggests 20% increase in capital expenditure to Rs 12 lakh crore, urban employment guarantee program, and focus on labor-intensive sectors. Finance minister to present interim Budget on Feb 1. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/k7uagP5

JPMorgan analysts state that JetBlue avoids a costly merger. The market value of Spirit's equity has dropped significantly. It is believed that JetBlue's management and board were no longer committed to the merger. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dK31Wks

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FgGiD0U

Airbus is set to sign an accord to establish an assembly line in India for the production of H125 civil helicopters. The line will be overseen by Tata Advanced Systems Limited. This agreement is expected to be announced during French President Emmanuel Macron's visit to India. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/AFiTIK3

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jgreRp6

The General Insurance Council introduces the 'cashless everywhere' initiative, allowing health insurance policyholders to access cashless treatment in non-network hospitals. Participating insurers will immediately include non-network hospitals in their network upon receiving a claim. This initiative aims to provide policyholders with a wider choice of hospitals, reduce costs and disputes, and prevent fraud. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/UEL6qkf

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3HQ9wI4

Foreign funds continued to sell off in the Indian market, with a net outflow of Rs 3,115 crore. In the past seven trading sessions, foreign portfolio investors have withdrawn over Rs 25,000 crore. This is one of the largest outflows in recent months, comparable to the outflows during the early days of the Covid pandemic. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KzfhAlc

IT services companies are mandating remote work, but enforcement varies. Infosys, HCL, and Cognizant are not strict about it, focusing on deliverables and upskilling instead. Some employees are allowed to work from different locations, while others come to the office only when their managers ask. TCS deducts the salary of those not following the return to office guidelines. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZEMswSd

Outward remittances by Indians dropped to $1.9 billion in Nov last year, the lowest since Feb 2022. The decline continued due to increased tax collection at source (TCS) in October. Remittances for studies abroad dropped to $208 million in Nov compared to $269 million in Oct, and the average remittance before the TCS was $306 million. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NjD2YZl

RBI report highlights weakness in unsecured retail loans and credit card outstanding, urging lenders to closely monitor these segments. Personal loans now constitute the largest category of bank credit, while credit cards show a rise in stress. The study emphasizes the need for pre-emptive macroprudential measures and assessing the credit flow to avoid risk buildup. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KGiv5Qn

Despite a 10% increase in thermal power output, coal import for blending at power plants decreased by over 40% in April-December 2023 compared to the same period last year. Domestic coal production and supply rose sharply, resulting in a decline in imports. The government aims to completely stop importing thermal coal by the next financial year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/W6lCTaU

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/eKOtqfw

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QC0VfMr

Budget 2024 income tax: It is recommended that some changes be made to the new income tax regime to make it more attractive to the taxpayers such as availability of certain deductions like interest on housing loan for self-occupied property, retiral contributions (PF, PPF, NPS). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jQosW02

Union Bank of India and IDBI Bank reported the highest increase in Q3FY24 net profit at 60% and 57%, respectively. ICICI Bank's net profit rose 23.6% to Rs 10,272 crore, while IDFC First Bank saw an 18% rise in net profit to Rs 716 crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2AqQPZ1

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Te4Rdq7

RIL's Q3FY24 profit grew 10% to Rs 19,641 crore, driven by its digital services (Jio) and retail businesses. Jio's ARPU was at Rs 182, with a subscriber base of 471 million. RIL's retail business had an impressive financial performance, and the oil & gas segment showed resilient performance. RIL's gross debt was Rs 3.11 lakh crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/e6qrxub

Sebi has found evidence of merchant bankers inflating IPO subscription numbers to attract investors. The regulator is scrutinizing IPO-related data and will take measures to end such practices. Changes to policies related to public offers may be implemented. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NMpDOrz

Indian Immunologicals Ltd rolls out Havisure, India's first indigenous Hepatitis-A vaccine. The two-dose inactivated virus vaccine, developed over eight years, is priced at Rs 2,150 per dose. Extensive clinical trials have shown that Havisure is safe and efficacious for pediatric, adolescent, and adult use. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ewl5C4Z

RBI governor Shaktikanta Das hints that rates will stay high until 4% inflation goal is met; rate cuts are not being considered. RBI is focused on achieving the target of 4% inflation and strengthening balance sheets of financial institutions. Food price volatility is also a factor affecting inflation. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RT7OqJm

Foxconn teams up with HCL Group to start a chip packaging and testing venture in India. Foxconn will invest $37.2 million for a 40% ownership in the joint venture. HCL Group is moving ahead with a partnership with Foxconn for an OSAT facility. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jSeoWxp

India aims for $100 billion annual FDI, says Telecom and IT minister Ashwini Vaishnaw. India has gained trust as a reliable partner globally. The country has collaborations with US, Europe, Japan, South Korea. India's growth strategy includes investment in infrastructure, uplifting the bottom pyramid, boosting manufacturing, and simplifying business processes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QYaLPyR

In a series of peculiar motor accident claims in India during 2023, insurers faced challenges, along with perhaps a few moments of amusement. Unusual incidents included coconuts unexpectedly landing on cars, stray dogs causing damage, angry peacocks pecking at their reflections, and stressed elephants venting their frustration on vehicles. These incidents, while unique to the Indian market, could easily fit into a funny-fail video. One standout claim involved a buyer unintentionally driving a car right through a showroom window, adding a touch of unexpected humor to the list of insurance headaches. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ej4xaQJ

Gujarat, Karnataka, Kerala, and Tamil Nadu are the best states for startups, according to the latest rankings. Himachal Pradesh topped among Union territories and smaller states. Bihar and Haryana are considered "aspiring leaders". The rankings are based on various factors including institutional support and funding. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/eJ9Htwl

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qKE6aOh

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/q6Xzmts

In a big step-up for the Indian luxury car market, Mercedes-Benz is looking to double installed capacity at its India factory to 40,000 cars per annum as the German giant charts out a strategy to maintain its lead in the country by launching new cars and expanding its footprint. The move, which is in early stages right now, will see the company expand annual installed capacity at its factory - located outside Pune - from the existing 20,000 units. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/t8BKl4d

Chinese military bodies, state-run artificial intelligence research institutes and universities have over the past year purchased small batches of Nvidia semiconductors banned by the US from export to China, a Reuters review of tender documents show. The sales by largely unknown Chinese suppliers highlight the difficulties Washington faces, despite its bans, in completely cutting off China's access to advanced US chips that could fuel breakthroughs in AI and sophisticated computers for its military. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lWkSrNi

During the 14th India-US Trade Policy Forum meeting on January 12, an official revealed that India has requested the United States to permit domestic labs for the irradiation of specific fruits, such as mangoes. This initiative aims to assist exporters in reducing additional trade expenses. Currently, exporters are compelled to conduct irradiation at US ports, leading to elevated costs and uncertainty in the event of consignment rejection. Fruit irradiation effectively disinfests them for safe entry into the US. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MdWRmgt

HCLTech looks to be the star of the quarter ended December, outshining its IT peers with a 4.3% year-on-year revenue growth in constant currency (which discounts impact of currency fluctuations), compared to the year-ago quarter. On the other hand, Wipro's weak performance continued, with a sharp decline of 6.9% during the same period. TOI had reported on Friday that TCS's revenue in the quarter grew 1.7% year-on-year in constant currency, while that of Infosys declined by 1%. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/C4P7WQF

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fTrBoVZ

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/O9cupVR