India Financial News

A Rs 60,000 crore loss, Sebi crackdown, and a hope for banks As India shifts its investing habits, the allure of high-risk, high-return options is strong. However, this isn't for everyone, as Indian households are losing about Rs 60,000 crore in derivatives trades in a year. Sebi chief noted, «If Rs 50-60,000 crore annually is lost in F&O (futures & options) trades, that money could be better utilized in IPOs, mutual funds, or other productive areas.» The capital markets regulator reported that retail investors alone lost Rs 52,000 crore in FY24, highlighting the need for stricter controls.

CERT-In) has issued a severe warning regarding critical vulnerabilities in Apple products. The advisory, dated August 2, flags high-risk security issues across various Apple devices, including iPhones, iPads, Macs, and other products.

Investors who have been around are wondering if this is 1999 all over again with an imminent NASDAQ crash. Many others are pondering whether to sell, lock in profits, or buy more. The best approach, we believe, is to examine the data and make an objective decision.

Reasons to buyReasons to avoidThe Dell SE2722H features a VA panel with anti-glare coating, making it ideal for long hours of use. It also offers FreeSync technology for smooth gaming and multimedia experience.Reasons to buyReasons to avoidAlso Read: Best 27 inch monitors: Top 9 high resolution options to upgrade your professional work setupThe Dell S2725HS in silver offers a 68.58cm display with Full HD resolution and a fast response time for smooth visuals.

India will take on Sri Lanka in the second ODI match of the series at the R. Premadasa Stadium on Sunday, the Men in Blue skipper Rohit Sharma looks forward to breaking multiple batting records. Here are the records Rohit Sharma can break in the 2nd ODI against Sri Lanka:

four members voted for a status quo, while two members–Ashima Goyal and Jayanth R Varma–voted for reducing the repo rate by 25 basis points and changing the stance from withdrawal of accommodation to neutral. “I think that the RBI will be very critically targeting the 4% levels for CPI inflation," said Indranil Pan, chief economist, Yes Bank.

government wants India to be selfsufficient in pulses by 2027-28. As the world’s largest producer of pulses by far, this may not seem hard, but we are also the largest consumer. A large part of pulses’ production in countries like Myanmar, Canada and Australia is meant for India. Ending imports won’t be easy. This is particularly so for a reason that doesn’t get captured by aggregated figures. Policy makers tend to refer to agricultural products as if they were one thing. Just as barrels of oil (within certain specifications) are considered identical, rice, wheat and pulses are also spoken of as one thing for production and trade statistics. But at the consumption end, we know that the differences between varieties are huge.

Jamsetji Tata, the founder of the Tata Group, made a strategic choice in the 1890s to shut down the Tata Shipping Line, demonstrating his willingness to exit from unviable ventures. This tough decision was driven by his effort to break the monopoly of the English P.&O. shipping line that dominated exports from India during the 1880s and 1890s, charging high freight rates and favoring British and Jewish firms. Jamsetji Tata's textile business suffered due to P.&O.'s exorbitant freight rates and discriminatory practices. Determined to challenge this, he traveled to Japan to collaborate with Nippon Yusen Kaisha (NYK), the largest shipping line in Japan. NYK agreed to partner with Jamsetji, provided he took equal risks and managed the ships himself. To launch the 'Tata Line,' he chartered an English ship named 'Annie Barrow' at a fixed rate of 1,050 pounds per month, marking the first venture bearing the Tata name. Believing the Tata Line would lower freight rates for the entire Indian textile industry, Jamsetji set the rates at Rs 12 per tonne, compared to P.&O.'s Rs 19 per tonne. Soon after, he chartered a second ship, 'Lindisfarne.' His efforts received praise, with The Tribune newspaper commenting in October 1894 that it had «been the subject of general praise in the industrial centre of India.»

Major Sita Ashok Shelke, the sole female officer in her unit, has captured the admiration of many. The photo, showing her standing proudly on the newly-constructed Bailey Bridge in Chooralmala village, Wayanad, Kerala, has gone viral on social media, earning the praise of many including industrialist Anand Mahindra. The bridge, crucial for the region affected by recent landslides, was built by the Indian Army's Madras Engineering Group (MEG) in an impressive 31 hours. Major Shelke, hailing from Gadilgaon Village, Ahmed Nagar in Maharashtra, played a pivotal role in this accomplishment. Her leadership and relentless effort alongside her 70-member team overcame significant challenges, including massive debris and a rapidly flowing river. Anand Mahindra took to X (formerly Twitter) to commend Major Shelke, referring to her as the «Wonder Woman of Wayanad.» He tweeted, “There is no need for DC Super Heroes. We have them in real life out here.” The post resonated with many, reflecting widespread admiration for Major Shelke’s bravery and the Indian Army's commitment to the mission.

Vinesh Phogat will have to shake off a tumultuous build-up to the Paris Games when she takes mat, aiming for an elusive Olympic medal, while five of her colleagues will also strive to write their own success stories at the biggest stage when the wrestling event begins here Monday. Vinesh is easily India's most accomplished woman wrestler, with two World Championships, three CWG and eight Asian Championships medals adorning her cabinet, but her previous two Olympic campaigns have ended in heartbreaks. She had returned from Rio (2016) with just a broken leg, but from Tokyo (2021), she came back with her soul scarred after a crushing defeat 'by fall' in the quarterfinals. She was accused of misconduct and suspended by the WFI for several alleged transgressions. She claimed to have endured bouts of depression, and she was not sure of returning to the mat but she did. Not only she returned but also waged a battle outside the mat when she accused the WFI chief of sexual misconduct.

record profits, state-owned fuel retailers Indian Oil Corporation (IOC), BPCL and HPCL posted up to 90 per cent slump in their June quarter earnings as margins fell and they booked under-recovery on the sale of domestic cooking gas LPG at government-controlled rates. IOC, the nation's largest oil firm, reported 81 per cent drop in standalone net profit in April-June — the first quarter of current 2024-25 fiscal year — to Rs 2,643.18 crore as opposed to a profit of Rs 13,750.44 crore a year back, according to a company filing. Net profit also declined sequentially, when compared to an earning of Rs 11,570.82 crore in March quarter. Hindustan Petroleum Corporation Ltd (HPCL) posted 90 per cent drop in profit to Rs 633.94 crore as compared to an earning of Rs 6,765.50 crore in April-June 2023 and Rs 2,709.31 crore in the preceding March quarter.

top-10 most valued firms together lost Rs 1,28,913.5 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest laggards, amid weak trend in equities. The valuation of TCS tumbled Rs 37,971.83 crore to Rs 15,49,626.88 crore, the most among the top-10 firms. The market capitalisation (mcap) of Infosys tanked Rs 23,811.88 crore to Rs 7,56,250.47 crore.

Sri Lanka at the R. Premadasa Stadium in Colombo, several strategic adjustments are on the agenda. The series, which has so far been marked by tight contests, will see the teams clash again on August 7 for the final ODI. The focus will be on India's approach to countering a sluggish pitch and Sri Lanka's arsenal of spin bowlers, who proved effective in the first ODI. For India, this means finding ways to counteract the spin bowlers and establishing solid batting partnerships. Sri Lanka, meanwhile, will look to build on their successful strategy and adjust to the absence of a key player. The outcome of this match will be pivotal in determining the series winner and will set the stage for an exciting final ODI on August 7.

equities in July on the back of expectation of continued policy reforms and sustained economic growth and better-than-expected earnings season. However, they pulled Rs 1,027 crore from equities in the first two trading sessions of this month (August 1-2), data with the depositories showed. There has been a mixed trend with respect to FPI flows following the budget announcement on increase in capital gains tax on equity investments.

tennis legends Novak Djokovic and Carlos Alcaraz are set to clash for the gold medal at the Paris Olympics 2024. Djokovic, 37, aims to avenge his recent Wimbledon loss to Alcaraz and secure his first Olympic gold, having previously won bronze in Beijing 2008. Meanwhile, Alcaraz, 21, is having a stellar year, winning the French Open and Wimbledon.

As the unseeded Sen faces World N0. 2, he has hopes of 1.4 billion Indians, who are anticipating a medal from him in this edition of the Games. The 22-year-old shuttler has become the sole hope after the exits of prominent players like Satwik-Chirag and PV Sindhu. Sen and Axelsen have a shared history, as the Indian trained with the former World No. 1 in Dubai after being dropped from the Thomas Cup team.

‘Worst experience’: User reveals what happened while buying Apple iPhone 15 on Amazon; social media post goes viralIn a latest release about vulnerabilities in Apple products, CERT-IN stated, "Multiple vulnerabilities have been reported in Apple products which could allow an attacker to access sensitive information, execute arbitrary code, bypass security restrictions, cause denial of service (DoS) and perform spoofing attacks on the targeted system."Apple iOS versions prior to 17.6 and iPadOS versions prior to 17.6Apple iOS versions prior to 16.7.9 and iPadOS versions prior to 16.7.9Apple macOS Sonoma versions prior to 14.6Apple macOS Ventura versions prior to 13.6.8Apple macOS Monterey versions prior to 12.7.6Apple watchOS versions prior to 10.6Apple tvOS versions prior to 17.6Apple visionOS versions prior to 1.3Apple Safari versions prior to 17.6CERT-In suggests that Apple has already fixed these problems in its latest security updates and thus urges the users to update to the appropriate security update in order to secure their device.Also Read | Apple rolls out AI-enhanced Developer Beta with new Safari summarize tool and improved Siri: ReportIn May CERT-In had issued a similar warning for Safari browser, Vision Pro, MacBooks and Apple Watch users, highlighting a vulnerability that could be exploited by a potential attacker. It had then said that these vulnerabilities exist for a number of reasons, including improper validation in Bluetooth, MediaRemote, Photos, Safari and Webkit components.

Draft rules for the legalisation of casinos, which include an initial 30-year casino license with a 10-year renewal option, have been published for public feedback until August 18. The casinos will be part of large entertainment complexes featuring hotels, convention centers, and amusement parks, among other amenities. Thailand would thus join the ranks of the United Arab Emirates and Japan in vying for a share of the global casino industry, estimated to have generated $263 billion in revenue last year. Major players like Galaxy Entertainment Group Ltd. and MGM Resorts International have shown interest in opening casino resorts in Thailand, considering it a strategic move against the uncertain prospects in Macau. Las Vegas Sands Corp. expressed interest in entering the Thai market, stating last month it would consider expanding to Thailand if the opportunity arises.

Nishant Dev faced a contentious quarter-final defeat at the Paris Olympics, losing to Mexico’s Marco Verde with a 4-1 split decision. Despite appearing dominant in the early rounds, Dev's performance did not reflect in the final score, igniting controversy over the scoring system used. Controversy Over Scoring System Nishant Dev’s close loss has drawn significant criticism from notable figures. Former Olympic bronze medalist Vijender Singh expressed his doubts about the scoring on X, stating, “I don’t know what’s the scoring system, but I think very close fight… he played so well… koi na bhai #NishantDev.” Actor Randeep Hooda also voiced his frustration, writing, “Nishant had won it. What’s this scoring? Robbed of the medal but won hearts. Sad!!! Many more to go chore!!”

Indian Army continues its efforts in rescue and restoration in the areas affected by the cloudburst that occurred on Thursday in Rampur's Samej. The Army has established temporary bridges to establish connectivity between areas cut off to facilitate rescue operations. Teams of NDRF, SDRF, Home Guard, and CISF have been coordinating to carry out the rescue and search operation.

Waqf Boards to declare any property a 'waqf asset' and take control of it. This move follows numerous representations from various sections of the Muslim community and a comprehensive review of the current Waqf Act.