Citi Group Inc

Stock Market Live Updates: Sensex, Nifty open at record highs
Stock Market Today Live Updates: At the time of market opening, GIFT Nifty traded 64.00 points, or 0.28 per cent higher at 22,843.00.

NBFCs’ co-lending book set to touch Rs 1 lakh crore’
Crisil said a study of 100 NBFCs, accounting for over 90 per cent of the sector’s AUM, indicates these trends. Interestingly, only about a third of these have active co-lending books at present.

With Indian economy comfortably placed, it’s time to focus on quality of growth
Digitalisation and increased formalisation appear to have pushed India’s potential higher, but there is now hope for growth that is sustainable and inclusive

Stock Market Live Updates: Sensex, Nifty at intraday highs; Midcap index 125 pts up
Stock Market Today Live Updates: BSE Sensex opened 307.22 points, or 0.41 per cent higher at 74,555.40 while NSE Nifty inched 64.60 points, or 0.29 per cent higher at 22,578.30.

250 Indians rescued from Cambodia: Home Ministry to file CBI complaint for action against recruitment agents
Over 5,000 people are suspected to be stuck in Cambodia, forced to carry out cyber frauds.

At an event marking 75 years of the North Atlantic Treaty Organisation (NATO) on April 4, Secretary General Jens Stoltenberg said “NATO is bigger, stronger, and more united than ever.”

With 32 member-states – the most it has ever had – that may be true in one regard. However, the grouping also faces significant challenges. Its expansion is believed to be a key factor behind Russia’s 2022 invasion of Ukraine and the continued conflict.

On the anniversary, Kremlin spokesperson Dmitry Peskov spoke to reporters about Russia’s ties with NATO, saying relations have now “slipped to the level of direct confrontation.”

Zee to slash workforce by 15% in overhaul
The layoffs are expected to affect approximately 500 employees, of the total 3,437 permanent staff. The announcement comes within days of Goenka's decision to take a voluntary pay cut of 20%.

RBI keeps repo rate unchanged at 6.5%, says waiting for inflation ‘elephant’ to walk away
Central bank retains FY25 projections for real GDP at 7% and inflation at 4.5%; projects an inflation dip in Q2 below 4%.

Filing tax returns in this year: Responding to IT Dept’s new early filing facility, 23,000 file returns in first three days
This has come after the Income Tax Department for the first time launched the return filing utilities on its portal from the first day of the assessment year, that is, April 1, 2024.

Congress releases poll manifesto: What are the key promises?
Right to apprenticeship, a legal guarantee for MSP, and passing a constitutional amendment to raise the 50 per cent cap on reservations for SCs, STs and OBCs are among the promises made by the Congress in its manifesto for the Lok Sabha polls.

‘AI will continue to become more pervasive across the entire user interface’: Motorola’s head of customer experience and design
AI could make smartphones highly personalised, all thanks to the changes coming to the user interface.

US electric car maker Tesla Motors will send a team to scout locations in India for a proposed $2-3 billion electric car plant this month, according to a report.

“Tesla would send a team from the US by late April to study sites for the plant, focusing on states with existing automotive hubs, including Maharashtra and Gujarat in the west and Tamil Nadu in the south,” said a report by the Financial Times.

The move comes weeks after the Commerce Ministry released a new electric vehicle (EV) policy easing duty for a limited number of EV imports for manufacturers setting up facilities in India with a minimum investment of Rs 4,150 crore.

Rahul Gandhi received an income of Rs 6cr in the last five years and owns assets valued at Rs 20.4cr. He has 18 criminal cases pending against him, says an affidavit he filed Wednesday in Wayanad. The 18 include the 'Modi surname' criminal defamation case in which he was convicted by a Gujarat court but granted relief by SC.
The total value of Rahul's assets went up by Rs 4.5 cr - a rise of 28.3% - compared to the 2019 elections when he contested from Wayanad for the first time.

India’s Russian oil imports flow heavy despite tighter sanctions
Indian refiners are now refusing to take delivery of crude transported by Sovcomflot tankers in an evident bid to steer clear of any secondary sanction risk

Another BJP candidate’s remarks on ‘amending Constitution’ give ammo to Congress
Tharoor, Jairam hit back on remarks Jyoti Mirdha made while speaking in Rajasthan's Nagaur.

India will get permanent UNSC seat, but it will have to work harder this time: EAM Jaishankar
The world is amazed at India moving towards 7 per cent growth despite the COVID-19 pandemic hampering growth, he said.

Vistara temporarily curbs flight schedule as ‘crew unavailability’ leads to cancellations, delays
According to industry sources, numerous Vistara pilots did not report to work, ostensibly to register their protest against the new pay structure that is in line with that of the Tata group’s flagship airline Air India. Vistara is set to merge with Air India.

SC seeks reply of Delhi finance secretary on plea of AAP govt alleging non-release of DJB funds
The bench, also comprising justices JB Pardiwala and Manoj Misra, has now posted the matter for hearing on April 5.

India’s trade reliance on China and EU rising: UN trade body
This comes in the backdrop of major supply chain reset following the pandemic and the Russia-Ukraine war that had sent food and fuel prices to record highs.

Day after Mukhtar’s death, son for autopsy by AIIMS panel, Opp for high-level probe
In a letter written to the Banda district magistrate, Umar said courts were apprised on March 21 that Mukhtar Ansari was administered slow poison in his food.

The end of March is here, and so far, over 200 companies have laid off close to 56,000 employees this year. Perhaps the biggest round of layoffs this month was carried out by American tech giant Dell with its decision to reduce its global workforce by over 6,000 employees.
Of course, Dell isn’t alone – Apple, IBM, and Ericsson also slashed jobs this month. Most of these corporations cited similar justifications for their move. The month of January saw as many as 121 companies laying off 34,007 employees, while February saw a slight decline, with 74 companies sacking 15,379 of their staff.

THREE days before the Supreme Court struck down the electoral bonds as unconstitutional, the Finance Ministry had given final approval for the printing of 10,000 electoral bonds each of Rs 1 crore by the SPMCIL (the Security Printing and Minting Corporation of India).
Row After Rahul Gandhi Asks TV Reporter If Owner Of Channel Is Dalit

And it was on February 28, a fortnight after the Supreme Court order, that the Finance Ministry told State Bank of India to “immediately put a hold” on printing of the bonds.

After falling in the financial year 2022-23 (FY23), India’s reliance on imported natural gas has grown notably in the first 11 months of the current fiscal as consumption picked up amid relatively lower prices. The country’s import dependency in the case of natural gas in April-February was 46.1 per cent, against 43.6 per cent in the corresponding period of FY23, as per latest available data with the oil ministry’s Petroleum Planning & Analysis Cell (PPAC). For the full FY23, natural gas import dependency was 43.9 per cent, down from 48.4 per cent in FY22.

India’s fiscal deficit during April-February stood at Rs 15.01 lakh crore or 86.5 per cent of the full-year revised target of Rs 17.34 lakh crore, data released by the Controller General of Accounts (CGA) showed on Thursday. Net tax revenue turned negative during February primarily on account of a contraction in corporate tax revenue and due to the impact of transfer of tax devolution instalments to states, economists said.

Mukhtar Ansari, jailed UP gangster and politician, dies of cardiac arrest
On Tuesday morning, Mukhtar Ansari was admitted to the Banda Medical College after he complained of abdominal pain. His family members had alleged that Ansari said he was being poisoned in prison.

The Reserve Bank of India (RBI) on Wednesday modified the norms for investment of banks, non-banking financial companies and other lenders in alternative investment funds (AIF).

In December last year, the RBI directed banks, NBFCs and other lenders not to invest in any scheme of alternative investment funds (AIFs) which has downstream investments in a debtor company.

Downstream investments mean the actual investment by the AIF in a company using the funds they have raised from AIF investors.

Stock Market Live: Banking shares up 1%
Stock Market Today Live Updates: Nifty Bank is trading 485.70 points, or 1.06 per cent higher at 47,275.00.

Top gainers:

> ICICI Bank, 1.80 per cent up at 1,103.30
> SBI, 1.79 per cent up at 746.40
> HDFC Bank, 1.11 per cent up at 1,456.70