India Financial News

Quant Small Cap Fund, the largest in the category managed by Quant Mutual Fund, increased its exposure to HFCL, Aditya Birla Fashion and Retail, Sun TV Network in July whereas reduced stakes in National Aluminium Company, Vimta Labs. In its July portfolio, the smallcap fund added 2.71 crore shares of HFCL, taking the total number of shares to 7.37 crore from 4.65 crore in June. The fund held 1.17 crore shares of Aditya Birla Fashion and Retail in June, and the total count stood at 2.94 crore in July after adding 1.77 crore shares to its portfolio. Quant Small Cap Fund added 87.12 lakh shares of Sun TV Network, which made the total number of shares in the portfolio at 93.95 lakh in July from 6.82 lakh shares in June. Around 67.79 lakh shares of Apeejay Surrendra Park Hotels were added to the portfolio.

Vinesh Phogat disqualification: After star Indian wrestler Vinesh Phogat was disqualified from the Olympics just ahead of the gold medal match, India's sports minister Mansukh Mandaviya apprised Lok Sabha of the incident on August 7. Vinesh was disqualifed for being overweight even as she was in the final stages of preparation for her title bout. The wrestler was found to be overweight by 100 grams, Mandaviya said.

Probal Sen, V-P-Equity Research, ICICI Securities, says there is a reasonable dividend yield in NGC and Oil Insia and the return ratio should start to show an improvement, specifically for ONGC and to a lesser extent with Oil India, despite all the strength, I think there is still some steam left in these two stories. When did you last look at ONGC so closely after decades of tracking the energy space? Does it merit the big upgrade coming in? Three of your peers in the industry have done it. Probal Sen: We have had a positive stance on ONGC over the last year. I am surprised by the extent of the reaction. To be honest, I do not think that the production guidance that the company gave was anything new compared to what they have been anyways saying for the last three quarters.

The budget speech gave pride of place to the long-term goal of Viksit Bharat and also said that reforms in many areas would be needed to achieve it. This article focuses on one of those areas: trade policy. Policies should be tailored to specified targets, and in this respect, commerce minister Piyush Goyal has set an ambitious target.

policy decision on Thursday even though most expect he’ll keep interest rates unchanged again. Global markets have been roiled in recent weeks by central bank action, with the Bank of England cutting interest rates last week, the Bank of Japan hiking, and the Federal Reserve preparing to ease amid recession fears. That may give the Reserve Bank of India reason to stay cautious after keeping rates steady for 18 months already. But there is a chance the RBI may signal a pivot is coming months. Thursday will be the last rate decision of the six-member monetary policy committee before its current four-year term expires in October. Some economists expect the MPC may want to go out with a bang by possibly setting the stage for policy easing.

rising unemployment, among other issues. Sheikh Hasina, the daughter of Bangladesh's founding leader Sheikh Mujibur Rahman, has been in power consistently since 2009: a period that also marked the country’s economic transformation and political stability. However, Bangladesh’s economic turnaround met with mass political unrest as Hasina’s governance began appearing dictatorial and elections were seen internationally as a mere formality.

Lovely Professional University (LPU) has announced a cash reward of Rs 25 lakhs for its student Vinesh Phogat. The university had earlier announced the reward for silver medallist winner students in the Paris Olympics. Despite this heartbreaking moment for Indian sports fans, LPU has stood firmly behind its students., the university said. «For us, Vinesh is still a medal winner. Her dedication and skill throughout her journey deserve recognition, and we are proud to award her the promised prize money of ₹25 lakhs, which was reserved for silver medalists,» Dr. Ashok Kumar Mittal, Rajya Sabha MP and Founder Chancellor of LPU, said. Vinesh Phogat had earlier scripted history by becoming the first Indian woman to reach the final of a wrestling event in the Olympic Games. However, due to a narrow margin of just 100 grams, she was found overweight during the weigh-in on the morning of the competition, leading to her disqualification.

«Everything that we manufacture in our new plant, which is already operational, the module plant is fully operational, and the cell plant will become operational in this month and next month. So, we will become very-very resilient in terms of our supply chain and also consistency in terms of quality and the price of the modules,» says Praveer Sinha, CEO & MD, Tata Power. Let us talk about solar rooftops because you also are a very important player in that. Tell us, what is your current market share? What are the plans going forward? How is it that you plan to scale this up? Praveer Sinha: So, we have already completed more than 100,000 rooftop solar houses. We are the biggest in the rooftop business. In the organised sector, we have more than 20% market share. We have huge plans to work with the government, especially the PM Surya Ghar Programme, and we are enhancing our capability both in terms of our channel partners, as also in terms of the reach that we will have with our own teams and the supply chain. So, over a period of time, you will see that we will become one of the biggest players of the rooftop solar in the country.

online portal to fast-track visas for Production Linked Incentive (PLI) schemes has been kick-started by the Ministry of Home Affairs, a government official told ANI. The official mentioned that the online portal to fast-track PLI visas has been operational for about a week. The aim of this special initiative is to ensure smoother approvals of visas for technicians, mostly from China. «We have set up an online portal to fast-track visas for technicians in PLI sectors, including for Chinese vendors,» said the official. According to a government source, a meeting was also held with stakeholders to sensitize them on the workings of the online portal to fast-track PLI visas. The objective is to shorten the visa processing time from the current 4-5 months to within 30 days, according to sources familiar with the discussions.

Opposition Congress party on Wednesday raised in Rajya Sabha the issue of dropping of Preamble to the Constitution from certain NCERT textbooks saying this was an attempt to impose communal ideology on the country — a claim which Union Minister J P Nadda countered saying the government was committed to protecting the constitution. Raising the issue, Leader of the Opposition and Congress president Mallikarjun Kharge said Preamble, which is the soul and foundation of the Indian Constitution, used to be published in NCERT textbooks. The objectives stated by the Preamble are to secure justice, liberty, equality to all citizens and promote fraternity to maintain unity and integrity of the nation, he said and went on to read the debate in Constituent Assembly in November 1948, where it was argued that political democracy in the country should also be made a social democracy. «Political democracy cannot last unless there lies at the base of it social democracy. What does social democracy mean? It means a way of life which recognizes liberty, equality and fraternity as the principles of life,» he quoted from the debate.

Mint in an exclusive conversation. Having doubled its headcount in India over the past three years, BT intends to scale up its presence in core engineering, data and AI. “We are looking at actually the digital part, helping the operations team accelerate both our efficacy and efficiency in the ops part using AI as well," Mehta said.

Nitin Gadkari highlighted in Rajya Sabha on Wednesday that within the next five years, India's aviation industry will use 20 per cent of Bio-aviation fuel. «Within five years our aviation industry will use 20 per cent of bio-aviation fuel, sustainable aviation fuel and that is to be starting it from parali (Stubble) and the farmer will get the rate of Rs 2500 per ton for it» said Gadkari during a reply in Rajya Sabha. The minister also highlighted that now the highway ministry is using bio-bitumen in the construction of roads which is helping India in reducing the imports of the Bitumen. Bio-bitumen is a bio-based binder derived from renewable sources like crop stubble and is used to bind the surfaces of paved roads.

₹18,600 crore for the June quarter (Q1FY25) was above analysts’ estimates but 4.3% lower year-on-year. While production volumes were lower last quarter, ONGC aims to increase output by 19% to 47 million tonnes of oil equivalent (mmtoe) by FY27. This should be aided by higher production from the KG basin 98/2 block, where the ramp-up has been slow.

₹34,999. The two devices Vivo V40 and Vivo V40 Pro comes with a 1.5K AMOLED display, IP68 water and dust resistance rating, Android 14 based on Funtouch OS and a massive 5,500 mAh battery.Vivo V40 is priced at ₹34,999 for the 8GB RAM/128GB storage model, ₹36,999 for the 8GB RAM/256GB storage variant and ₹41,999 for the top end 12GB RAM/512GB model.Vivo V40 Pro starts at ₹49,999 for the 8GB/256GB storage model and ₹55,999 for the 12GB RAM/512GB storage variant. Moreover, the price Vivo V40 features a 6.78-inch AMOLED display with a resolution of 2800 x 1260 pixels, 120Hz refresh rate, HDR 10+ certification and a peak brightness of 4500 nits.

Vinesh Phogat was taken to a hospital in Paris on Wednesday, August 7, after being disqualified from the women’s 50kg final at the Paris Olympics. She fainted from dehydration, sources report. Vinesh was disqualified for exceeding the weight limit by 150 grams during the weigh-in on the competition’s second day. Although she was set to compete for the gold medal, she missed the weigh-in. Vinesh is currently stable and resting in the polyclinic at the Olympic Village. The Indian team cannot appeal the decision. Despite the best efforts of Vinesh, her coaches, and support staff, including drastic measures like cutting her hair and attempting to draw blood, they couldn't meet the weight requirement.

NEW DELHI : Despite rising interest and investments in non-Hindi web originals in the country, local-language shows still have a long way to go in terms of viewership, shows a recent report. B&B: Bujji and Bhairava (Telugu) and Inspector Rishi (Tamil)—the most-watched regional-language shows—clocked in a viewership of 4.9 million each, against the 28.2 million of the most-watched hindi show, Panchayat-Season 3, in the first six months of 2024, according to research conducted by media consulting firm Ormax Media. Entertainment industry experts say audiences in vernacular markets are still more lured by cinema and television, and unlike Hindi, there are no established franchises with returning seasons.

Equity schemes typically have higher expense ratios, followed by debt and liquid funds. Read this | Mint Explainer: How Sebi is cracking down on unregistered investment advisors Popular brokerage firms like Groww and Zerodha Coin offer direct plans without advice, leading many users on these execution-only platforms to buy trending or high-return funds out of greed or lack of knowledge—a strategy investment experts consider risky. Vishal Dhawan, a registered investment adviser and founder of Plan Ahead Wealth Advisors, emphasized the importance of advisory services.

Cummins India Ltd. traded 7.02 per cent up in Wednesday's trade at 01:49PM (IST). Around 52,365 shares changed hands on the counter. The counter opened at Rs 3579.9 and touched an intraday high and low of Rs 3817.55 and Rs 3452.85, respectively, in the session so far. The stock of Cummins India Ltd. quoted a 52-week high of Rs 4169.5 and a 52-week low of Rs 1590.3.

Manish Gunwani, Head-Equity, Bandhan AMC, says while they own PSUs, they do not trust any single PSU too much, because the government has a habit of changing regulations periodically. So, they have a string of pearls in select PSUs, 1-1.5% kind of holdings. Gunwani says Bandhan AMC’s bigger overweights right now are healthcare, internet, and telecom on the defensive side and real estate, power, and capex-related stocks on the cyclical side. What do you make of the construct of the market? We had a scary fall on Monday and looks like a lot of collateral damage has already been done. Manish Gunwani: I would prefer to be a bit cautious. A lot of returns are being made in cyclical sectors and tactically it is because of valuations and the Indian rupee has also outperformed a lot. Also, given the election result, the policy focus is still to be seen. So, overall, in a bull market, there are periods where one needs to be tactically cautious. We will go through some consolidation. I do not expect any big drawdown because liquidity looks fine.

Bangladesh, Assam Chief Minister Himanta Biswa Sarma raised concern on Wednesday over the illegal infiltration from Bangladeshi borders, stating that the situation can force some people to come to India. «On the situation in Bangladesh, Assam CM Himanta Biswa Sarma says, „The incident that happened in Bangladesh is concerning; there are two angles. One is that if such unrest continues in Bangladesh, then some people will be forced to come to India so we have to secure our borders,“ Sharma said. Himanta Biswa Sharma also voiced the possibility of Bangladesh becoming a safe ground for terrorist activities in the future.

Indian High Commission in Bangladesh has said that it continues to remain operational and released helpline numbers for Indian nationals who reside there. According to sources, the diplomats and officials of the Indian High Commission continue to remain in Bangladesh, while non-essential staff and their families returned on Wednesday morning. The sources said, «To reiterate all the helplines of HCI Dhaka are working. The helpline numbers are being shared again below for reference: +8801958383679 +8801958383680 +8801937400591.»