Citibank plans to launch its digital payments product ‘Spring by Citi’ in India in the second quarter of this year (April-June), Vineeth Subramanyam, managing director and global head of Spring by Citi said in an interview. Currently available in about 24 countries, Spring by Citi processes business-to-business and direct-to-customer payments, and integrates with payment methods across globe.

JBM Auto Ltd. witnessed a substantial surge in its shares, climbing around 10 percent on Tuesday, following a significant announcement. The company informed the exchanges that its subsidiary, JBM Ecolife Mobility Pvt. Ltd., has been declared the L1 (Lowest Bidder) and awarded the tender for an electric bus order. This development underscores the subsidiary's success in securing a prominent role.

Consumer goods giant Unilever Plc has unveiled a sweeping restructuring plan that includes separating its $8.6 billion ice cream business and cutting 7,500 jobs worldwide. The move, aimed at streamlining operations and jumpstarting growth, marks a significant shift for the UK-based company under the leadership of Chief Executive Officer Hein Schumacher, according to a report by Bloomberg.

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📈 Domestic benchmark indices closed on a bearish note after the volatile session on 19 March, 2024. 📢 At 3:30 PM, the Sensex tanked by 736.37 points or 1.01% at 72,012.05, and the Nifty ended lower by 238.25 points or 1.08% at 21,817.45. 📊Among sectoral indices, Nifty Bank (⬇️0.41%), Nifty IT (⬇️2.90%), and Nifty Pharma (⬇️2.17%) witnessed considerable selling pressure.

Gold And Silver Prices Today: Gold prices saw a slight increase on Tuesday. The cost of 24 carat gold is Rs.6738.4 per gm up by Rs.710.0. The cost of 22 carat gold is Rs.6172.3 per gm up by Rs.650.0.The price change in 24 carat gold in the last one week has been -0.19%, whereas in the last month it has been -5.08%.The cost of "silver" is Rs.76900.0 per kg down by Rs.300.0 per kg.

State-owned REC's board on Tuesday approved a third interim dividend of Rs 4.5 per share with face value of Rs 10 each for 2023-24. Earlier, the company has already announced two interim dividends, totalling Rs 6.5/share for the current fiscal. A regulatory filing stated that the board, in its meeting held on Tuesday, approved the declaration of interim dividend at the rate of Rs 4.50/equity share

An outright election win for Prime Minister Narendra Modi-led BJP has a ‘high likelihood’, and will trigger a positive reaction in Indian equities, said Nomura in a note. The general election for 543 Lok Sabha seats will be held in seven phases from April 19. A BJP win with over 272 seats -- the majority mark -- and a likely 400-seat haul for the alliance NDA, will fuel domestic sector stocks.

It may be wise to stay away from over-valued bets over the medium term right now, as the possibility of a correction in some spaces is looming large. However, some pockets of the market are still undervalued, according to Gaurav Misra, Head - Equity, Mirae Asset Investment Managers (India). He counts on banks, telecom, agrochemicals and parts of the consumption play as among them.

Shares of Life Insurance Corporation of India (LIC) experienced a decline of over 2% on Tuesday, March 19, reaching an intra-day's low of Rs 882.30. This marks the sixth consecutive session of selling pressure for the company. The stock opened at Rs 905 and witnessed a 2% plunge. Over the last six sessions, LIC's stock has dropped approximately 12%.

Today, the shares of Veljan Denison Limited gained 460.10 points or 19.25 per cent to Rs 2,850 per share from its previous closing of Rs 2,389.90 per share. The stock’s 52-week high is Rs 2,900 while its 52-week low is Rs 1,183. The shares of the company saw a spurt in volume by more than 11 times on BSE. The company has a market cap of over Rs 600 crore.

Aditya Birla Group's Grasim Industries said on March 19 that the company has secured Rs 1,250 crore  from International Finance Corporation (IFC), the private sector arm of the World Bank Group, by way of subscription to Non-Convertible Debentures (NCD). The sustainability-linked funding will support the company’s investment into the paints business, Grasim said in an exchange filing.

The hotel industry market capitalization has witnessed remarkable growth, more than tripling since 2019. This surge can be attributed to several factors, including robust earnings momentum and positive surprises, valuation re-rating driven by the domestic travel theme, and the addition of three new listings. In a recent note.

In the current trading session benchmark indices trade on a lower note with the Sensex trading substantially lower by 0.97%. Currently all the major sectors are trading negatively with Nifty IT, Nifty FMCG and Nifty Media are among the top losers. Bajaj Finance, Bajaj Auto and Hindalco are among the top gainers while TCS, BPCL and Britannia are among the top losing stocks from the Nifty 50.

The Indian stock market has been fluctuating widely over the last two weeks on the back of a sharp sell-off in mid-and small-cap stocks, hotter-than-expected US inflation data, rising US bond yields, and the expectation of a delay rate cut. Contributing to this volatility is the recent surge in crude oil prices, with both Brent and WTI crude oil witnessing a substantial increase of more than 4%.