India Financial News

Read this | Coal India: A diamond in the rough? The change in accounting policy pertains to stripping activity or overburden removal, with related provisions being written back to the income statement. This reclassification has led to a significant revision in earnings estimates. “On the basis of our operational forecasts as well as incorporating the revised accounting policy for stripping cost, our Ebitda and EPS estimates increase by 15% and 14% respectively, for FY25," said analysts at Emkay Global Financial Services.

Kalki 2898 AD" won't have to wait much longer. According to reports, the makers plan to release this blockbuster movie on OTT platforms in less than 10 weeks after its theatrical run. According to industry buzz, the Telugu, Tamil, Malayalam, and Kannada versions of «Kalki 2898 AD» are gearing up for release on Amazon Prime Video by August 23rd, 2024. This news has sent shockwaves through social media, with fans eagerly anticipating the chance to revisit this visually stunning masterpiece from the comfort of their homes. While an official confirmation from Prime Video is still pending, a report by Greatandhra.com on Thursday claimed a late August release for the South Indian languages. Don't fret, Hindi viewers! Talks are rife that Netflix has secured the digital rights for the Hindi version, but an official announcement regarding its premiere date is yet to come.

Geological Survey of India (GSI) on Friday said its regional forecast bulletins for the district were experimental and issued once a day for ground testing. This process was a «part of building a prediction model», which will take 4-5 years to be ready for public use, a GSI official said. «GSI has started issuing regional landslide forecast bulletins on an experimental mode once a day for Wayanad district, Kerala. These are issued only to the State Disaster Management Authority (SDMA) and District Disaster Management Authority (DDMA) for ground testing since the onset of the 2024 monsoon. It is restricted only to SDMA and DDMA for receiving feedback,» a GSI spokesperson told PTI. These forecasts are based on rainfall predictions provided by the National Centre for Medium-Range Weather Forecasting (NCMRWF) and the India Meteorological Department (IMD) to prepare landslide thresholds, he said.

Delhi government extensively mapped the city's utilities, creating a geospatial database that included both two-and three-dimensional information on underground and overground assets. Recently, the government has decided to modernise this infrastructure to provide more accurate data and integrated services using the latest technologies, reported The Times of India. This initiative will start with a pilot project covering Mehrauli, Masoodpur, and Rangpuri villages using high-resolution drone surveys. The original database operational since over a decade includes comprehensive spatial datasets covering drains, sewers, water pipes, power lines, buildings, and transport networks, among other utilities. This database was accessible over the web and widely used by various departments and stakeholders to solve planning issues ranging from bus routes to drainage and preventive health campaigns.

Replying to a question in Rajya Sabha by MP Sushmita Dev, Minister of State of Home Affairs Nityanand Rai on Thursday stated that, as per information furnished by the State Government of Assam, 880 casualties have been reported due to floods in Assam from 2019 to July 25 this year. «157 casualties reported in 2019, 190 in 2020, 73 in 2021, 278 in 2022, 65 in 2023 and 117 in this year up to July 25,» Rai said in the Upper House of Parliament.

Domestic benchmark index NSE Nifty fell 208.11 points to 24802.8, while the BSE Sensex traded 652.6 points down at 81214.95.

The NSE Nifty index traded 232.41 points down at 24778.5, while BSE Sensex was down 775.16 points at 81092.39 as of 10:34AM(IST)on August 02.

₹72 to ₹76 per equity share of face value of ₹10. The company received ₹2,763 crore from major investors prior to the start of the IPO subscription period on Thursday, August 1.

Granules India Ltd.(up 1.83 per cent), Zydus Lifesciences Ltd.(up 1.25 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 1.07 per cent), Biocon Ltd.(up 0.92 per cent) and Sun Pharmaceutical Industries Ltd.(up 0.69 per cent) were among the top gainers.

Malayalam film Ullozhukku is set to make its OTT debut on Amazon Prime Video. The film, featuring powerhouse performances by Urvashi and Parvathy Thiruvothu, will be available for streaming starting August 1. This release offers global audiences, including those in India, the opportunity to experience the film's emotional depth and gripping narrative from the comfort of their homes.

This is an AI-generated live blog and has not been edited by LiveMint staff. Bank Nifty Share Price Today Live Updates: The NIFTY FMCG at (0.64%), NIFTY India Digital at (0.19%) & NIFTY GS 8 13 Yr at (0.14%) are currently the top performing sectors among the Sectoral Indices. While NIFTY Metal at (-1.88%), NIFTY Auto at (-1.88%), NIFTY Realty at (-1.44%) are currently the low performing sectors Bank Nifty Share Price Today Live Updates: The Bank Nifty opened at 51172.25 (-0.76%) , -391.75 points lower than the previous closing.

ANI, NMC Secretary B Srinivas said, "As per the schedule, we are starting the counselling (for NEET UG) on August 14. We may advance the registration process for the students.

This is an AI-generated live blog and has not been edited by LiveMint staff. Nifty 50 Share Price Today Live Updates: The NIFTY FMCG at (0.62%), NIFTY India Digital at (0.17%) & NIFTY GS 8 13 Yr at (0.14%) are currently the top performing sectors among the Sectoral Indices. While NIFTY Metal at (-1.91%), NIFTY Auto at (-1.91%), NIFTY Realty at (-1.44%) are currently the low performing sectors Nifty 50 Share Price Today Live Updates: The Nifty 50 opened at 24789 (-0.89%) , -221.9 points lower than the previous closing.

Tata Motors on Thursday said its British arm Jaguar Land Rover has no plans at present to leverage India's new electric vehicle policy that offers import duty concessions to firms setting up manufacturing units in the country, as it is not suitable for the company. In March this year, the government announced the new electric vehicle policy to attract major global players like Tesla, allowing them to import a limited number of cars at lower customs/import duty of 15 per cent on vehicles costing USD 35,000 and above for a period of five years from the date of issuance of the approval letter by the government. «At this point in time that specific policy is not something that is suitable for us. So, we don't intend to leverage it at this point in time,» Tata Motors Group CFO PB Balaji said at the earnings conference.

Packaged consumer goods maker Dabur India on Thursday reported 8.27% rise in consolidated net profit at₹494.35 crore for the quarter ended June 2024, meeting analyst estimates. The maker of Real juice and Vatika shampoo reported that rural demand outpaced urban demand by 350 bps in the quarter, even as an overall challenging demand environment marked by high food inflation persisted.

Apple on Friday reported yet another quarterly revenue record in India for the third quarter ending June 29, 2024, continuing the high pace of growth in the world’s second largest smartphone market where consumers are continuing to buy premium products. Apple chief executive officer Tim Cook told analysts in its third quarter earnings call that Apple has set “quarterly revenue records in more than two dozen countries and regions, including Canada, Mexico, France, Germany, the UK, India, Indonesia, the Philippines, and Thailand.” The bullish performance by the iPhone maker is when smartphone shipments in India fell 2% year-on-year in the June quarter as per market tracker Counterpoint Research which attributed the decline to the heatwave, seasonal slump, and a sequential slowdown in demand from the March quarter before.

Today will be the last opportunity for investors to purchase the shares of these companies in order to be able to qualify for the announced dividends. For the eligibility of the dividends, shareholders are required to buy the shares of the company at least one day before the ex-date, which ensures the settlement of the transaction on the following day.

Also read: Deepak Dhar of Banijay: Bigg Boss of entertainment in India After gaining experience at a hedge fund in New York and at a partner of JSW Steel in Japan, Jindal decided to learn the tricks of the trade at JSW Group. All along, he was clear that he wanted to build businesses and create his own legacy, much like his grandfather and father had in the past. And quite unknowingly, his first assignment handed him a brainwave that pushed him in the direction of sports.

Breakout stocks to buy or sell: The Indian stock market extended the bull trend for the fifth straight session on Thursday. The Nifty 50 index decisively conquered the psychological 25,000 peak. The 50-stock index took just 24 sessions to scale the last 1,000 points.

Mint in the week gone by. Top executives and early investors in Ola Electric Mobility are poised to reap significant gains as the company prepares to be listed on the stock exchanges. Meanwhile, the Securities and Exchange Board of India (Sebi) is concerned about the rapid growth in derivatives trading.

government employee in the failed attempt to assassinate an American citizen on US soil last summer, an official said. «We continue to expect accountability from the government of India in relation to the alleged role of an Indian government employee in the failed attempt to assassinate a US citizen on US soil that occurred last summer,» State Department Deputy Spokesperson Vedant Patel told reporters at his daily news conference. «We continue to raise our concerns directly with the Indian government at senior levels,» he said. Patel, however, declined to comment on a news report alleging that Canadian authorities claim to have arrested five Indian nationals planning to target a Sikh separatist at a wedding ceremony.