India Financial News

Bigg Boss OTT’ came to an end on Friday. Actress-model Sana Makbul was announced the winner, and she took home, the coveted trophy and a cash prize of whopping Rs 25 lakh.

global food security, said Indian Prime Minister Narendra Modi while Speaking at the inauguration ceremony of the 32nd International Association of Agricultural Economists (ICAE). «Along with water shortage and climate change, nutrition is a big challenge but India has a solution for this — India is the biggest producer of millets — to which, the world called as a superfood, we have named it as Shri Ann. Based on the principle of minimum water and maximum production, India's superfood can solve the issue of global nutrition concern. India is willing to share its basket of superfoods with the world,» the Prime Minister said in his address. Moreover, India is promoting chemical-free natural farming, he added.

Happy Friendship Day 2024 Wishes: Friendship Day is celebrated to honor the special bond of friendship that enriches our lives. In India, Friendship Day will be observed on August 4, 2024, the first Sunday of August, aligning with celebrations in the United States and several other countries. Meanwhile, International Friendship Day, recognized by the United Nations, takes place on July 30 each year. Friendship Day is celebrated on different dates worldwide. In the US, it coincides with National Friendship Day on the first Sunday of August. In some South American countries, it is observed on July 20. The United Nations established International Friendship Day in 1998 to highlight the role of friendship in fostering peace and understanding among people globally.

Here's what top brokerages have to say on the biggest IPO of this year:

Indian Men's Hockey Team will lock horns with Great Britain in the quarterfinals of the ongoing Paris Olympics 2024 on Sunday. The Indian men's hockey team bounced back in the men's competition with a 3-2 win over Australia in their last Pool B match on Friday. It is their first victory against Australia in the Olympics since 1972 Munich games. India bounced back from a 1-2 loss to the defending champions, Belgium, in their previous game. With this victory, India finished second and will now face Great Britain in the quarterfinals of the ongoing marquee event.

Sana Makbul, the name has been synonymous with drama, and entertainment in recent weeks. The actress, known for her roles in Hindi television and South Indian cinema, has cemented her place in the hearts of millions as the undisputed queen of Bigg Boss OTT 3. The grand finale, a spectacle of performances and emotions, saw Makbul emerge victorious, her name echoing through living rooms across the nation. The journey to the crown was paved with challenges, as the actress candidly shared her battles with non-alcoholic hepatitis and the scars of a traumatic dog attack. Yet, her spirit, unwavering and determined, resonated with audiences, making her a relatable and inspiring figure. While the confetti was still falling and the cheers echoing, whispers of a potential wedding began to circulate. A casual remark about booking the dynamic duo, Meet Brothers, for a future celebration, coupled with co-contestant Kritika Malik's playful teasing, ignited speculation. Adding fuel to the fire was YouTuber Armaan Malik's heartfelt promise to attend Makbul's wedding. Could the Bigg Boss house have been the backdrop to the inception of a new love story?

investors who took positions in FirstCry, Ola Electric and Unicommerce at the right time, with their investments set to become multibaggers when these new-economy startups go public next week. Investors such as SoftBank, Tiger Global, Mahindra & Mahindra and Matrix Partners India will see the value of their holdings in these firms surge anywhere between three times to ten times as they hit the public markets, according to calculations made by ET basis information available in the IPO prospectuses of these companies.

Oil prices fell on Friday, settling at their lowest since January after data showed the U.S. economy added fewer jobs than expected last month, and weak Chinese economic data added more pressure. Brent crude futures settled down $2.71, or 3.41%, to $76.81 a barrel. U.S. West Texas Intermediate crude futures settled down $2.79, or 3.66%, at $73.52.

Friendship Day is a special occasion dedicated to honoring the importance of friends in our lives. In 2024, this day will be observed on August 4 in the United States, India, and several other countries. International Friendship Day, recognized by the United Nations, is celebrated on July 30. This day highlights the value of friendships and offers a chance to express gratitude for these important relationships.

Banking Corp Friday said profit from its Indian operations increased 4% year-on-year in the six months to June 2024, led by an identical 7% growth in both its global banking & markets division and commercial banking business. Profit before tax from India rose to $798 million from $766 million a year ago. The bank said profit at its global banking and markets (GBM) division, which services large corporations and includes treasury operations, grew 7% to $436 million in the first six months of 2024. Profit from the GBM business was $408 million a year-ago.

Manu Bhaker is on the brink of securing a historic third successive medal at the ongoing Paris Olympics. Bhaker has positioned herself as a top contender in the 25m sports pistol competition after finishing second in the qualifications with an impressive score of 590. Given her status as the reigning world champion in the 25m category, a third-medal finish appears highly likely. The athlete from Jhajjar, Haryana, has already claimed bronze medals in both the 10m air pistol and the 10m air pistol mixed team events, partnering with Sarabjot Singh.

If Manu Bhakur is able to win, the 22-year-old shooter can become the first Indian athlete to win three Olympic medals in an individual sport. Plus, she could become only the first from her nation to win three Olympic medals in a single edition of the games. All eyes will be on Manu Bhaker when she will be in action from 1 PM IST onwards in Chatearoux, whereas the nation will also pin their hopes on Bhajan Kaur and Deepika Kumari to clinch a medal in archery after a close heartbreak on Friday.

Foreign investment in Indian government securities via the fully accessible route (FAR) crossed $9 billion in the first seven months of this calendar year, significantly exceeding investments for the whole of 2023 during which $8.21 billion came in into those securities, an analysis of CCIL data showed. Since the announcement of inclusion of domestic sovereign debt in the JP Morgan index in September 2023, there has been a $13.26 billion gush in government securities through FAR.

Advent International plans to tap the capital markets to list portfolio company Manjushree Technopack Ltd, India's largest rigid plastic packaging solution provider, said people aware of the development. A successful listing will help monetise a part of Advent's six-year investment in the entity that counts brands such as Coke, Pepsi and Bisleri among its customers. The private equity group has hired JM Financial, ICICI Securities, Avendus Capital and Goldman Sachs to manage the IPO. It had hired Avendus and Goldman Sachs earlier this December to find potential buyers for Manjushree.

Mint indicate that Apple's India revenues from the Mac portfolio grew 67% year-on-year (y-o-y) in the April-June quarter, and the number of units sold increased 33%. Plus, share of India revenue in global Mac sales rose to 3% in Q1 of FY25, from 1.8% in Q1 of FY24.

BENGALURU : Goa’s appeal is now extending beyond holidaymakers and retirees. Real estate developers from across the country are gearing up to launch projects in the popular holiday destination, led by high demand from wealthy individuals and non-resident Indians. The launches lined up include luxury villas, apartments as well as plotted development projects.

Ola Futurefactory is going to be the world's largest EV ecosystem at a single site."According to a report by HT Auto, Bhavish Aggarwal could make major announcements related to Ola Electric, Ola Cabs and his AI platform Krutrim at Sankalp 2024. Announcements about Ola's upcoming electric bike and the company's new venture, Ola Maps, are also likely.The Ola Bike was previously confirmed to arrive in the second half of 2025, and Aggarwal had recently shared a teaser for it in an X post.

₹32,403.46 crore in integrated GST (IGST) over five years between July 2017 and March 2022 for “supply of services" by its foreign branches. On Thursday, Infosys informed stock exchanges that the Karnataka State GST authorities, a reference to the zonal office of DGGI, had withdrawn the pre-show cause notice and directed it to respond to DGGI's central authority on the matter. The company had received pre-show cause notice on the same matter from both the central and state offices of DGGI.

₹4.78 trillion. Displaying signs of rising investor uncertainty amid increasing recessionary fears in the US and worsening geopolitical risks in the Middle East, the Nifty plunged 1.17% to 24,717.7 and the Sensex, 1.1% to 80,981, the steepest fall since the general election results day on 4 June.

₹50,400 crore. The Union cabinet is expected to approve the transfer of the proposed nuclear power project from Nuclear Power Corp. to the joint venture shortly, said a person familiar with the development.

Tata Electronics is set to have the Bhoomi Poojan function for its first chip assembly and testing unit at Jagi Road, Assam on Saturday. The event, which is likely to take place at 10:30 am is expected to be attended by Assam CM Himanta Biswa Sarma and Tata Sons Chairman N Chandrasekaran. The Union Cabinet had in February approved proposals of three semiconductor plants, out of which two were in Gujarat and one in Assam, for an estimated cost of Rs 1.26 lakh crore.