CELLULAR OPERATORS ASSOCIATION OF INDIA
Up to 75% drop! Should you dump these 30 stocks that destroyed most wealth since last Holi?
While 56 stocks became multibaggers since last Holi, 30 stocks saw massive declines of nearly 50% or more due to market corrections. Smallcap stocks, including JaiPrakash Associates and Gensol Engineering, were hardest hit. Analysts suggest caution as volatility persists.
Bank unions firm on March 24-25 strike as talks with IBA fail
The United Forum of Bank Unions (UFBU) confirmed a two-day nationwide strike on March 24 and 25, following unsuccessful talks with the Indian Banks' Association (IBA) over key demands. These include recruitment, a five-day workweek, and job security. The UFBU opposes the Department of Financial Services' directives, asserting they threaten autonomy and employee security.
DMK Govt must resign: AIADMK's Palaniswami alleges Rs 40,000 crore TASMAC scam
AIADMK MLAs walked out of the Tamil Nadu assembly during the budget presentation, protesting against an alleged Rs 40,000 crore TASMAC scam. General Secretary Edappadi K Palaniswami accused the DMK government of inaction despite an ED raid. The Enforcement Directorate conducted searches in various districts, uncovering incriminating documents related to TASMAC malpractices, intensifying the allegations.
Rail Vikas Nigam Ltd eyes metro operations, global expansion with Deutsche Bahn
Rail Vikas Nigam Ltd (RVNL) is looking to expand into the metro operation and maintenance business, with potential partnerships including Germany's Deutsche Bahn for Bangalore Metro projects. RVNL also aims to significantly increase its international project portfolio and explore opportunities beyond railways, targeting contracts in several countries.
Telcos move Telecom Secy against shift to authorisation regime
Telecom operators urge the DoT to retain the existing contractual licensing regime, emphasizing its importance in maintaining regulatory certainty and protecting investments. They argue that the new authorisation-based regime, part of the Telecommunications Act, 2023, introduces uncertainty and undermines their contractual rights.
India’s data centre operational capacity to increase to 2,000-2,100 MW by March 2027
India's data centre capacity is projected to grow significantly, reaching 2,000-2,100 MW by March 2027, driven by increased internet usage, data localisation, and emerging technologies like AI. Major investments are expected, with Mumbai, Chennai, and Hyderabad being key locations. However, competition and pricing pressures may impact profitability, despite robust growth prospects and high demand.
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India, Bangladesh conduct naval exercise in Bay of Bengal to enhance interoperability
India and Bangladesh recently conducted a joint naval exercise, Bongosagar 2025, in the Bay of Bengal to enhance tactical planning, coordination, and information sharing. The exercise featured INS Ranvir and BNS Abu Ubaidah, promoting regional security through the SAGAR initiative. The collaboration strengthened interoperability, enabling effective responses to maritime threats and shared security challenges.
Paradeep Parivahan IPO opens on March 17, price band set at Rs 93-98 per share
Paradeep Parivahan’s IPO opens on March 17, targeting Rs 44.86 crore. Shares will be listed on the BSE SME platform with a price band of Rs 93–98. Proceeds will fund working capital and corporate expenses. The issue closes on March 19.
Indian generic drugs linked to deaths in US? Trade group slams study blaming desi pharma
A study found Indian generics sold in the US between 2009-2018 linked to a 54% higher risk of serious side effects compared to domestic drugs. The findings have drawn criticism from the Indian Pharmaceutical Alliance, which disputes the study’s methodology and its implications on quality and efficacy.
Stocks in news: Vedanta, Ola Electric, Jaiprakash Associates, BEML, Infosys
Vedanta's promoters will maintain over 50% stake in each of its demerged entities, as the focus remains on creating pure-play companies which will be better placed to capitalise opportunities.
Safe harbour regime is a big hurdle in GCC growth path, say experts
Experts urge reforms in India’s transfer pricing laws to boost Global Capability Centres (GCCs). They recommend a flexible safe harbour regime, tax incentives, single-window clearances, and talent development to enhance India’s competitiveness and attract more GCC investments.
As Disney scales down Snow White premiere, a look at controversies associated with film
Disney’s live-action Snow White remake has ignited heated debates over its diverse casting and the political views of its lead actors. Rachel Zegler’s remarks about updating the story and the portrayal of the seven dwarfs have drawn criticism from both conservative and industry voices, adding to the polarized views surrounding the movie.
India’s top tech leaders call for creating awareness about ethical use of AI
India is urged to enhance technology upskilling, and create digital infrastructure and trainers at local levels, in response to AI's impact on job landscapes. Collaboration between industry and academia is highlighted to ensure responsible AI usage and skill development, while addressing data privacy and security concerns.
Consortium of lenders of Jaiprakash Associates transfers debt to NARCL
Jaiprakash Associates Ltd's consortium of lenders has transferred their outstanding debt to National Asset Reconstruction Company Ltd (NARCL), as the firm undergoes insolvency. JAL, with total loans of Rs 55,493.43 crore, is now under a corporate insolvency resolution process. NARCL's incorporation and registration are under the Companies Act, 2013, with RBI as the asset reconstruction authority.
Phonemaker says its screen is full of Motorola orders
Lenovo's Motorola plans to ramp up smartphone production and exports from India after US tariffs on Chinese imports. Dixon Technologies reports healthy volumes of over 1 million units monthly and expects a significant increase. Motorola aims to export 12-18 million units to the US, despite potential reciprocal tariffs, highlighting a shift from China to India and Vietnam.
Rajasthan's high gravity brewing policy could solve Beer supply shortages ahead of peak season
Rajasthan will introduce high gravity brewing (HGB) in the next fiscal, potentially increasing beer production by 20%. This new method addresses the chronic supply-demand gap during India's peak beer season. Major brewers like United Breweries and Carlsberg are set to benefit, though other states must adopt HGB for widespread impact.
Connect in sleep
Sleep is essential for cellular repair, emotional regulation, and cognitive consolidation. It holds spiritual significance across traditions. Heartfulness meditation at bedtime aligns the subconscious with a higher purpose. This practice lowers stress hormones and fosters spiritual growth. Sleep becomes a time for self-discovery, healing, and connection with the infinite.
Telangana tunnel collapse: Robot with AI-based camera joins search operation
A robot with an AI-based camera joined the search for seven people trapped in the Srisailam Left Bank Canal tunnel. The Telangana government deployed robots to reduce risk to rescue personnel. Efforts continue with the help of rescue teams, cadaver dogs, and radar surveys to locate the missing individuals.
India's cotton imports to double as output falls short, says trade body
India's cotton imports in 2024/25 may double compared to the previous year due to reduced production and adverse weather. This could lead to higher global prices, as India, the second-largest cotton producer, is expected to import 3 million bales. Meanwhile, cotton production may fall by 10% to 29.53 million bales.
CleanMax, Osaka Gas form JV for 300MW renewable energy push
CleanMax, backed by Brookfield, has partnered with Osaka Gas Group to form a joint venture named 'Clean Max Osaka Gas Renewable Energy'. The JV aims to develop a 300MW renewable energy portfolio in Karnataka, representing Osaka Gas' entry into the Indian green energy market, with a ₹1,500 crore investment.
Gold falls Rs 150 to Rs 88,750 per 10 gm, silver declines Rs 250/kg
Falling for the third day in a row, gold prices retreated by Rs 150 to Rs 88,750 per 10 grams in the national capital on Monday amid a weak trend in the overseas markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled lower at Rs 88,900 per 10 grams on Friday.
India-Japan joint military exercise 'Dharma Guardian' concludes successfully
The 6th edition of the India-Japan joint military exercise, Dharma Guardian, concluded at the East Fuji Training Area in Japan on March 9. The exercise included counter-terrorism operations in urban terrain, UN peacekeeping activities, and cultural exchange. It emphasized strengthening bilateral defence cooperation and operational readiness.
FHRAI urges govt to delink food and beverage GST rates from room tariffs
The Federation of Hotel & Restaurant Associations of India (FHRAI) urges the government to separate GST on F&B services from hotel accommodation charges. Currently, GST rates are tied to room tariffs, causing operational issues. FHRAI suggests all hotel restaurants should choose their GST rate independently, and they propose raising the threshold from Rs 7,500 to Rs 12,500.
5G’s cosmic ring: Unlocking global connectivity with non-terrestrial networks
Satcom is answering the call for enhanced connectivity, but are India’s 5G non-terrestrial networks ready to take off? The integration of 5G NTN could revolutionise connectivity, enabling remote services and opening new revenue streams for telecom players, though challenges remain in scaling and profitability.
18-year-old from Madhya Pradesh enters the Guinness World Record for having the world's hairiest face. What is the Werewolf Syndrome?
Lalit Patidar, an 18-year-old from Madhya Pradesh, earns a Guinness World Record for having the hairiest face due to hypertrichosis. This rare condition, also known as werewolf syndrome, leads to excessive hair growth, covering 95% of his face. Researchers continue to explore its causes and potential treatments.
Public sector banks eye fintech tie-ups; Blinkit, Zepto raise commissions
Happy Friday! Public sector banks are eyeing collaborations with fintech startups to boost lending to MSMEs. This and more in today’s ETtech Morning Dispatch.
Meity in touch with commerce ministry to find way around Trump tariffs
India’s electronics ministry is discussing reducing smartphone import duties for the US to avoid reciprocal tariffs. Industry groups support scrapping duties on electronics to boost exports. A potential bilateral trade agreement could increase India’s electronics exports to $80 billion by 2030.
Team India seeks zero duty, business continuity amid US tariffs
Indian government and companies are collaborating urgently to mitigate the impact of US President Trump's tariff threats by potentially reducing tariffs on US imports. Commerce Minister Piyush Goyal leads a delegation in Washington for Bilateral Trade Agreement talks, while sectors like electronics, auto components, and pharmaceuticals explore alternatives to ensure trade continuity with the US.
Reliance Jio, Airtel seek ‘fair competition’ as govt weighs Starlink’s satcom licence
Reliance Jio and Airtel have asked the Indian government to ensure fair competition in the satellite communications sector as it reviews Elon Musk’s Starlink licence. They demand comparable spectrum pricing for satellite and terrestrial services to avoid market distortion. They acknowledge lower prices for non-commercial uses like disaster recovery but insist commercial satellite operators should not get preferential pricing.
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