India Financial News

₹305 crore from Larsen & Toubro. However, analysts are unsure about the optimism. The contract is to manufacture opto-electronic components for L&T’s close-in weapon system programme, a critical component of the Indian navy’s defence infrastructure.

WHO) has recently declared Mpox, previously known as monkeypox, a public health emergency of international concern (PHEIC). This decision follows a notable increase in cases, especially across Africa. However, Indian health authorities report that the risk of a significant Mpox outbreak within the country remains very low.

about whether they will be able to return to Bangladesh to complete their studies. Besides their safety, they are worried about the loss of their academic year and the recurring threat of internet shutdowns, which sever their only connection to loved ones back home. Reports of attacks on Hindus have also fuelled fears among Indian students.

shares of Saraswati Saree Depot hit a 5% upper circuit at Rs 209.95 on BSE following their strong debut on the exchanges on Tuesday. The stock debuted at Rs 200 on BSE, reflecting a premium of Rs 40 or 25% over the IPO price of Rs 160. On the NSE, it was listed at Rs 194, reflecting a 21.25% premium. The listing was slightly below expectations, with shares previously trading at a grey market premium (GMP) of 29% to the issue price.

UKG, a provider of human resources, payroll, workforce management and culture solutions has appointed Nitin Chandel as group vice-president and India country manager. In his new role, Chandel will serve on the UKG senior leadership team and oversee key operations in India, with a focus on hiring top talent and steering in-country product development and engineering for the company’s human capital management (HCM) and workforce management solutions. His appointment follows the recent announcement that former co-CEO of SAP Jennifer Morgan has been appointed CEO of UKG.

Paris 2024 Olympics, where she secured two bronze medals in the 10m air pistol women's event and the 10m air pistol mixed team event with Sarabjot Singh, Indian shooting star Manu Bhaker is enjoying some well-deserved time off. However, her break is anything but ordinary. The 22-year-old, who has captured the hearts of millions with her determination and skill, is making the most of her time away from the shooting range by immersing herself in family celebrations, revisiting hobbies, and even learning new skills like cooking.

companies that make air-conditioners. Leading firms such as PG Electroplast and Epack Durable reported more than 70% year-on-year growth in the June quarter. These companies design and make air-conditioners for famous brands such as Voltas, Blue Star and Samsung, apart from washing machines and electronic appliances.

Realme aims to be India’s top smartphone brand, enter 100 new markets in five years: CEOAccording to a report by GSMarena, the Poco Pad 5G has been spotted on Geekbench 6 with model number 24074PCD2I (the same model number it appeared with on BIS) and 8GB of RAM. The Geekbench listing also confirmed that the Poco Pad 5G will be powered by the Qualcomm Snapdragon 7s Gen 2 processor.

₹230 crore in FY23, Purplle in a statement in July announced that it is operationally profitable. The company also said that it is currently spending on growing its online platform faster than the industry, while scaling offline stores and improving profitability. Earlier, in June, eyewear brand Lenskart, which has seen a series of fundings over the past year, also closed its latest round of $200 million from Temasek and Fidelity through a secondary share sale.

₹1,500 each into the bank accounts of many beneficiaries of the Mukhya Mantri Majhi Ladki Bahin Yojana. The scheme pays out that amount each month to women in the age group of 21 to 60 with an annual household income of less than ₹2.5 lakh. News reports suggest that 1.6 crore women have applied for the benefit.

smartphone manufacturing hub like China, yet. It is still importing a large chunk of the components that go into a smartphone. Smartphone exports from India picked up speed in the latter part of 2020, and crossed $1 billion a month in late 2022.

Note: The purpose of this article is only to share interesting charts, data points and thought-provoking opinions. It is NOT a recommendation. If you wish to consider an investment, consult your adviser. This article is strictly for educational purposes only.  Brijesh Bhatia has over 18 years of experience in India’s financial markets as a trader and technical analyst. He has worked with the likes of UTI, Asit C Mehta Financial Services, and Edelweiss Securities. Presently he is an analyst at Definedge. Disclosure: The writer or his dependents may or may not hold the stocks/commodities/cryptos/any other asset discussed in this article.

OnePlus Buds Pro 3 will be unveiled by the Chinese smartphone manufacturer at a virtual event beginning at 6:30 pm. OnePlus has collaborated with musician Anuv Jain for this launch, and it is expected that the artist will be present during the presentation.The live unveiling of the OnePlus Buds Pro 3 can be viewed on the OnePlus India YouTube channel.

International Monetary Fund (IMF) deputy managing director Gita Gopinath recently observed that increasing workplace safety is an important factor in raising women’s participation in the labour force and the workforce (the former makes up for a broader cohort, of those looking for work, in addition to those who are at work and comprise the workforce). This has particular resonance in India right now, given the shock and outrage across the country over the gruesome rape and murder of a medical intern at a Kolkata hospital earlier this month. IMF research shows that closing the gender gap in labour force participation rates (LFPR) can raise gross domestic product (GDP) in developing countries significantly.

₹5.9 lakh and an annual renewal of ₹3.54 lakh, Primus has positioned itself as India’s most expensive credit card. This ultra-premium offering is aimed squarely at the country’s elite, and its closest rival, the American Express Centurion, charges even more for membership, with a joining fee of ₹8.26 lakh and an annual fee of ₹2.95 lakh. Read this | Cashback, discounts and rewards: The benefits of co-branded credit cards Both cards cater to ultra-high-net-worth individuals (UHNWIs) who value exclusivity and privilege above all else.

It’s a sign of the uncertainty looming over the global economy that economists are altering expectations so frequently. Take Goldman Sachs, which has just scaled back the odds of a US recession to 20% from 25% forecast a fortnight or so ago.

Tata Motors offers flexible shift timings for women and door-to-door transport equipped with female security personnel and audio-enabled CCTV. For women who work on the shop floor across shifts, there are mid-level managers in some locations who voluntarily rotate supervision until the last woman employee reaches home and reports back to the local leadership team, said Tata Motors CHRO Sitaram Kandi. E-commerce giant Amazon also has similar measures in place.

₹1—no physical doctor’s time can be this affordable," Pratyush Kumar, cofounder of Sarvam and adjunct faculty at Indian Institute of Technology (IIT), Madras, told Mint last month. “Instead of taking clientele away from doctors, in India, such domain-specific AI models can make healthcare more accessible to a wide population base." The approach Sarvam, Adya.ai and some of their peers are taking marks a sobering change after an initial AI euphoria to create general purpose generative AI models.

Benchmark indices ended on a flat note in a lacklustre trade on Monday, as investors preferred to remain on the sidelines awaiting further triggers. In today's trade, shares of IndusInd Bank, Zomato, Saraswati Saree Depot, HCL Tech, Poly Medicure among others will be in focus due to various news developments. IndusInd Bank

Mint. India’s ministry of home affairs had rejected the US State Department’s letter of rogatory or formal request sent in March last year, show court filings reviewed by Mint. This prompted the US Department of Justice to seek help from its Indian counterpart under the Mutual Legal Assistance Treaty between the two countries.

ET reported on April 17 that new entrants have been withholding major investments in UPI, waiting to get a sense of the market share rule. PhonePe and Google Pay dominate UPI payments. The government, though, is yet to indicate its official stand to the National Payments Corporation of India (NPCI), which manages the UPI railroad.