BUSINESS
Stocks to Watch Today: SEPC, InterGlobe Aviation, Coal India, GR Infraprojects, GSP Crop Science, Bluspring Enterprises, Brand Concepts in focus on 24 March
Stocks to Watch, 24 March: Stocks like InterGlobe Aviation, Coal India, SEPC, GR Infraprojects, Persistent Systems, Indian Railway Finance Corporation, GNG Electronics, Dredging Corporation of India, Wipro, Bluspring Enterprises, Brand Concepts, and GSP Crop Science will be in focus on March 24.
INDIA
Punjab suicide case: Opposition seeks CBI probe after minister Laljit Singh Bhullar’s arrest
Gagandeep Singh Randhawa, a district manager with the corporation, died by suicide on March 21. His family has alleged that he had been under severe stress due to threats from the minister.
BUSINESS
Powerica mobilises over Rs 329 crore from 17 anchor investors, Rs 1,100-crore IPO to open on March 24
Powerica IPO | SBI Funds Management was the largest buyer in the anchor book of Powerica, picking up 25.56 lakh shares worth Rs 101 crore through their four schemes, while HDFC AMC, ICICI Prudential MF, and Kotak Mahindra AMC each acquired 10.12 lakh shares worth nearly Rs 40 crore.
TECHNOLOGY
Govt rolls out AI skilling programme with Google, YouTube; 15,000 scholarships on offer
IICT will lead the national rollout, overseeing programme design, outreach, curation, and execution. It has worked closely with Google and YouTube to design a curriculum integrating advanced AI tools and creative workflows
BUSINESS
Sai Parenterals raises Rs 123 crore via anchor book ahead of IPO
Sai Parenterals IPO | The Rs 409-crore initial public offering is a combination of fresh issuance of shares worth Rs 285 crore, and an offer-for-sale of 31.57 lakh shares worth Rs 123.78 crore.
WORLD
After Trump's 'productive talks' claim, Iran parliament speaker says 'no negotiations' held with US
“No negotiations have been held with the US, and fakenews is used to manipulate the financial and oil markets and escape the quagmire in which the US and Israel are trapped,” Ghalibaf said in a post on X.
TRENDS
Singapore MD to get 12 strokes of cane, 14.5 years in jail for rape of woman he met at work
The managing director was a client of the company where the woman worked as a customer service officer. Although he claimed that the sexual encounter was consensual, according to the evidence presented at court, the woman was drunk and incapable of consenting to sex at the time.
PODCAST
Bajaj Finance’s AI do-or-die year; India’s $300 million micro-drama moment; AI data centre startup Kluisz to raise $25 million from Greenoaks and others | MC Tech3
In today’s Tech3 from Moneycontrol, we unpack Bajaj Finance’s aggressive AI push and how it could reshape lending and operations. We also look at the rapid rise of India’s micro-drama market, set for explosive growth. Plus, Snowflake’s bet on simplifying enterprise AI adoption without large engineering teams. And finally, deeptech momentum continues as AI data centre startup Kluisz looks to raise fresh capital amid rising investor interest.
WORLD
Trump on control over Strait of Hormuz: 'It will be jointly managed by Ayatollah and me'
Earlier today, Trump announced that he was postponing any strikes against Iran's power plants for five days, citing what he said were "productive conversations" with Tehran to end the war. Markets surged and oil prices dropped on the news.
BUSINESS
Ashish Dhawan buys additional 1.14% stake in Bluspring Enterprises, Ashish Kacholia exits Brand Concepts
Perhaps, Bluspring Enterprises shares may have reacted to the deal, rising nearly 10 percent to close at Rs 50.22, however, Brand Concepts shares plunged 5.2 percent to end at Rs 216.4, the lowest closing level since April 2023.
MARKETS
FIIs net sell Indian equities worth Rs 10,414 crore, while DIIs net buy Rs 12,034 crore on March 23
For the year so far, FII/FPIs have net sold worth Rs 1.47 lakh crore of Indian equities while DIIs have net bought Rs 2.11 lakh crore.
BUSINESS
SEBI says disclosure norms under constant review; Framework being strengthened
“Whenever there is a market phenomena where disclosures need to assessed, we do scrutinise the details and take action accordingly. It isn’t like we don’t look after it,” Varshney said.
BUSINESS
SEBI's latest board meeting: Here are the key takeaways
SEBI opens social funds to retail, eases FPI and AIF rules.
AUTOMOBILE
Renault Duster vs Skoda Kushaq facelift: Price, powertrain comparison
Both Duster and Kushaq offer two turbo-petrol engines. However, the pricing strategy is completely different.
INDIA
Tamil Nadu Assembly polls: DMK-led alliance set to retain power, AIADMK-led alliance to give close fight, predicts opinion poll
Elections to the 234-member Assembly was last held in the state on April 6, 2021 in a single phase. The DMK ended the decade-long rule of the AIADMK, and MK Stalin was sworn in as the 12th chief minister of Tamil Nadu.
BUSINESS
IndiGo appoints former Air India Express CEO Aloke Singh as Chief Strategy Officer
Aloke Singh brings over three decades of experience in the aviation sector, spanning strategy, planning, operations and commercial functions.
BUSINESS
SEBI Chairperson pushes for accountability as HDFC Bank board exit sparks governance debate
Independent directors can record their concerns in the minutes of the meeting. It can't be just a general thing: Tuhin Kanta Pandey
WORLD
Trump says 'had strong talks with Iran', reiterates US' willingness to 'make a deal'
Trump's abrupt shift on Iran came hours before the expiration of a two-day ultimatum under which he threatened to attack Iranian power plants if Tehran did not reopen the strategic Strait of Hormuz.
BUSINESS
US stocks surge after Donald Trump says Iran talks 'very good', S&P 500 rises
US stocks surged, with the broad-based S&P 500 up 1.4 percent to 6,596.00 about five minutes into trading.
POLITICS
West Bengal polls: TMC set for fourth straight win, BJP to make big gains, predicts opinion poll
Mamata Banerjee leads the preferred next Chief Minister ranking with 48.5% support, followed by BJP’s Suvendu Adhikari at 33.4%, according to the pre-poll survey.
INDIA
Karnataka proposes 1-hour cap on recreational screen time for students under digital detox policy
Draft policy on responsible digital use suggests digital wellness curriculum, school monitoring, and parent training to curb rising screen addiction among adolescents
BUSINESS
ATS Knightsbridge project cleared of insolvency, construction to move ahead
The insolvency proceedings, initiated by ASK Trusteeship Services Private Limited against ATS Heights Private Limited under Section 7 of the IBC, were dismissed as withdrawn by the National Company Law Tribunal (NCLT), New Delhi Bench, the company said in a statement.
TRENDS
Fortune Brands' Indian CEO to get $18 million salary. Officially, he didn't work even a day
The payout, described by the company as 'make‑whole' compensation, includes cash and accelerated equity meant to offset what Amit Banati forfeited by leaving his previous role.
WORLD
Israel strikes Tehran minutes after Trump announces pause in US attacks on Iran
Israel launches strikes in Tehran as Trump pauses US attacks on Iran for 5 days after talks; tensions remain high over Strait of Hormuz.
