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ITC shares to ‘Add’ from ‘Buy’ and also cut ITC share price target to ₹460 apiece from ₹510 earlier, as it sees likely additional pressure from the surge in competition, and expectations of higher tax hike in the Union Budget to fund populist measures.The brokerage house sees 100 basis points (bps) margin impact from inflation, which would partially be absorbed in mix thrust (premium continues to do well) and cost efficiency. Also Read: FMCG stocks likely to see valuation re-rating, says Emkay Global; upgrades HUL, Nestle"Ideally, this kind of inflation should be passed on to consumers, but historical precedence does not suggest so.

BJP dependent on allies to run a stable government at the Centre, the focus has shifted to possible demands Bihar chief minister Nitish Kumar could make on berths in the Union Council of Ministers and financial and other relief for the state.

Chandrababu Naidu and Nitish Kumar, both have significant experience from the Coalition era and possess strong negotiation skills and are expected to important ministries to strategically leverage their support. Here's what is expected. Bihar Chief minister Nitish Kumar was likely to bargain for atleast 5 ministerial berths, central funds, early assembly polls, and special status for BiharPeople aware of the matter told Hindustan Times, earlier, the JD(U) was promised at least three Cabinet berths and one minister of state (MOS) but the is in a better bargaining position now.

Narendra Modi is contesting for a third consecutive term in Varanasi. He was leading against Congress' Ajay Rai, with a vote share of 56%. Congress leader Rahul Gandhi was leading in both Rae Bareli and Wayanad.

Total Seats With 40 seats up for grabs, the stakes are high for political parties in Bihar. These seats play a crucial role in determining which party or coalition will achieve the 272-majority mark out of the 543 seats needed to form the central government.Key candidates The Bihar Lok Sabha Election 2024 features key candidates from major political parties, all vying for victory in their respective constituencies.

Israeli tourists are warmly welcomed and treated with utmost hospitality," the Israeli Embassy in India said in a post on X and also shared a list of recommendations.The posts mentioned the beautiful beaches of Goa, Kerala, Lakshadweep, Andaman & Nicobar Islands as alternative tourist destinations to Maldives, primarily known for its serene beaches. Israeli Embassy's promotion comes as India and Maldives relations took a nose dive after the election of President Mohamed Muizzu, who came to power on the backs of the ‘India OUT’ campaign. Mohamed Muizzu has displayed close proximity to China and forced India to withdraw its troops from the island nation.

Buy or sell stocks: As investors shifted their bets ahead of next week's national elections, the domestic benchmark indices, the Nifty 50 and the Sensex, wavered between gains and losses on Friday, closing marginally higher but recording their first weekly decrease in three.The S&P BSE Sensex rose by 0.1% to 73,961 points, while the NSE Nifty 50 finished the day up 0.2% at 22,531 points.Prior to giving up the gains, both benchmarks went up as much as 0.7% in early trading.Today, June 1, marks the end of India's weeks-long election campaign. On June 4, votes will be tallied.

An Indian police officer was arrested on May 31 for allegedly stealing Bitcoin worth INR 1.8 crore (approximately $216,000) during a crypto scam investigation.

equity markets fell in a volatile trade on Tuesday amid uncertainty ahead of Lok Sabha election results. In today's trade, shares of IRCTC, Hindalco, IRCTC State-run Indian Railway Catering and Tourism Corporation (IRCTC) reported a consolidated profit after tax (PAT) of Rs 284 crore, which was up 2% year-on-year.

Anantnag-Rajouri seat of the Valley voted in the sixth phase of polling on May 25 marking the end to elections in all five seats of Jammu and Kashmir. Four other seats – Udhampur, Jammu, Srinagar and Baramulla – voted in earlier phases of Lok Sabha Elections 2024.Also Read: Kashmir News: Redrawn Anantnag-Rajouri breaks turnout record with over 54% polling in Phase 6, highest after 1984“This active participation is a huge positive for Assembly elections to be held soon so that the democratic process continues to thrive in the Union Territory," said Chief Election Commissioner Rajiv Kumar in a statement.The Anantnag-Rajouri Lok Sabha constituency recorded about 54.

Lok Sabha Elections 2024.Saturday's numbers have surpassed the 49.58 percent turnout recorded in 2014 and the 47.99 percent in 1996 Lok Sabha Elections, officials said. J&K, however, had six Lok Sabha seats in 1996 and 2014, instead of present five.

NEW DELHI:The Union finance ministry on Friday exuded confidence about India's economic resilience, amid global conflicts and commodity price spikes. Positive indications in the farm sector like the prediction of a normal monsoon and stabilizing food prices will help the country “firewall against any adverse pressures" from such external factors in the coming months, the ministry's monthly economic review said.The April review by the ministry's Department of Economic Affairs said that while a normal monsoon will stabilize food prices, strong macroeconomic buffers will help the economy navigate external headwinds smoothly and continue the growth momentum of the previous fiscal year (FY24).According to government estimates, India is expected to report a GDP (gross domestic product) growth of at least 7.6% during FY24, which would be the fastest in any major global economy.

banks have revised their fixed deposit interest rate in the month of May. These banks include SBI, DCB Bank, IDFC FIRST Bank, Utkarsh Small Finance Bank, City Union Bank, RBL, Capital Bank Small Finance Bank.

over 12 percent in this period.In the Nifty Private Bank index, barring 3 stocks - ICICI Bank (13.5 percent), Axis Bank (6.6 percent), and Federal Bank (4.5 percent), all other constituents have given negative returns in 2024 YTD. Bandhan Bank shed the most, down over 22 percent, followed by IDFC First Bank, down over 12 percent, HDFC Bank, down 11 percent and Kotak Bank, down 10.8 percent.

Mahesh Rajaraman as Chief Risk Officer (CRO) of the company with effect from August 1, 2024. In a regulatory filing, Mahindra Finance said Mallika Mittal has tendered her resignation and ceased to be the CRO of the company with effect from May 17. Mittal would be exploring opportunities externally as per her resignation letter. Her resignation would be effective from close of business hours on November 16, 2024, when she would cease to be employee of the company, it added. The Non-banking Finance Company (NBFC) said in the interim period that Gaurav Verma, Head Underwriting & Product Policy, would exclusively oversee the risk management function and would be responsible for the responsibilities under the role of CRO until Rajaraman joins as the CRO.

polling was recorded in Ladakh on Monday in the election to decide the fate of three candidates in the fray for the lone Lok Sabha seat in the Union territory, polling officials said here. They also said that the voter turnout in Kargil was 71.45 per cent and 62.50 per cent in Leh.

Also Read: ONGC, ITC, NTPC, Sun Pharma, Nykaa among companies to declare earnings this week Meanwhile, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain shut on Monday, May 20 because of the fifth phase of Lok Sabha elections 2024. Due to the general elections voting, trading in derivatives, equities, SLBs, and currency derivatives, along with interest rate derivatives, will remain closed today. The list of companies to declare their Q4 results today, May 20 includes ONGC, Indian Railway Finance Corporation (IRFC), Bharat Electronics (BEL), Oil India, SAIL, Triveni Engineering & Industries, Chemplast Sanmar, India Cements, KRBL, Nesco, Rolex Rings, VRL Logistics, Deepak Nitrite, Whirlpool of India, City Union Bank, Redtape, Power Mech Projects, etc.

FSN E-Commerce Ventures (Nykaa), ONGC, NTPC, Hindalco, Hindustan Copper, JK Lakshmi Cement, ITC, Sun Pharmaceuticals, and others. Also read: Week Ahead: US Fed chair speech, Q4 results, FII activity, global cues among key market triggers next week ONGC, Indian Railway Finance Corporation (IRFC), Bharat Electronics (BEL), Oil India, SAIL, Deepak Nitrite, Whirlpool of India, City Union Bank, Redtape, Power Mech Projects, Triveni Engineering & Industries, Chemplast Sanmar, India Cements, KRBL, Nesco, Rolex Rings, VRL Logistics.

Indian citizenship on Wednesday under the newly notified Citizenship Amendment Act (CAA), 2019. While the first set of 14 people received it in the national capital, the rest were granted nationality digitally in other parts of the country. Some of the applications were cleared even before the notification of the rules in March this year, officials said. Home secretary Ajay Kumar Bhalla handed over the certificates to the 14 people in the national capital after their applications were processed online through a designated portal, an official spokesperson said. Sources said the Election Commission of India (ECI) was intimated regarding the grant of citizenship certificates since the model code of conduct was in force.

Stocks to buy: In the aftermath of the recent downturn in the Indian stock market, many quality stocks, despite their strong fundamental and technical perspectives, experienced profit-booking. This situation presents an opportunity for investors, as these stocks are expected to generate alpha returns when the Indian stock market bottoms out.

ITR Filing for AY2024-25: Like many taxpayers, are you also wondering whether the tax department will allow you to change the income tax regime while filing income tax return (ITR) or not? The Indian government introduced the new tax regime in 2020 (FY2020-21), giving taxpayers one more option alongside the old tax regime for computation of their tax liability.