India Financial News

₹3424.95 apiece. Colgate’s total operating revenue in Q1 rose by 13% year-on-year to ₹1,497 crore. In comparison, Hindustan Unilever Ltd’s oral care segment saw mid-single-digit value growth led by pricing.

mutual funds have filed draft documents with Sebi to launch sectoral and passive funds. Kotak Mutual Fund and Invesco Mutual Fund have filed for sectoral/thematic funds while Aditya Birla Sun Life Mutual Fund has filed for debt-based passive funds.

food inflation in India as analysts track food inflation with thali prices. Persistent food inflation has made the RBI's Monetary Policy Committee (MPC) hard in large measure due to prices of vegetables which are perishable in nature and also subject to vagaries of weather which have been made worse by climate change. Another item on the thali which keeps its price high is pulses, especially tur (also called arhar) dal which India imports in large measure. In June, prices of pulses surged 21.64% year-on-year, more than double the 9.21% increase seen a year ago, according to government data. India imported all major pulses, including tur, urad, masoor, chana and yellow peas, in 2023-24 due to low domestic production on account of erratic rainfall, spending around $3.74 billion during the financial year.

India is moving towards a new fiscal policy framework. Finance minister Nirmala Sitharaman said in the Union budget announced earlier this month that after 2025-26, the government will try to keep the fiscal deficit at a level “such that the central government debt will be on a declining path as a percentage of GDP." What does this mean? India currently has a fiscal law that expects the Union government to keep its annual fiscal deficit below 3% of gross domestic product (GDP).

IndiGo and SpiceJet have canceled a dozen flights scheduled around noon, marking potentially the first instance of flight cancellations owing to high temperatures.

Friendship Day is an occasion to celebrate the bonds we share with our friends. The date for this celebration varies worldwide, with it being observed on July 30 as recognized by the United Nations and on the first Sunday of August in countries like India. Proposed by Joyce Hall, founder of Hallmark Cards, as a day to appreciate friendships, the day has evolved with different dates and customs across the globe. The UN’s recognition promotes peace and solidarity through friendship, while the sentiment behind the day remains globally universal—honoring friends who offer unwavering support and love.

India vs Sri Lanka Live Score, 3rd T20I: The grounds at Pallekele International Cricket Stadium is set to witness the third match between India and Sri Lanka, of the T20I series. Chasing a target of 78 runs, in 8 overs, India had won the second T20 match.

India's real estate market witnessed a surge in investments during Q2 2024, attracting USD 2.77 billion, according to Cushman & Wakefield's report.

startup ElectricPe has raised USD 3 million (about Rs 25 crore) in a funding round led by Green Frontier Capital. The funding round saw participation from existing lead investors Blume Ventures, Micelio Fund and NB Ventures.

₹8,000, top executives at the chipset design company told Mint in an exclusive interaction. “This is an India-first chip, and it is going to other markets from here, for instance, Latin America and Central Asia, with a faster ramp-up in India, by Q4 this year," Qualcomm India president Savi Soin said.

₹288.65 on BSE as compared to its last closing price. The New India Assurance Company has been trading in the price range of 297.65 & 278.55.

Crypto exchange CoinDCX has elevated Mridul Gupta as its founding partner, the company said on Tuesday. In his new role, Gupta will be responsible for meeting the company's growth goals, focusing on international expansion, building teams and driving profitability. In addition, he will continue to be responsible for the India market, strengthening the firm's product portfolio, marketing, partnerships and operations to accelerate its growth in the country.

Premier Energies Ltd and P N Gadgil Jewellers Ltd, have received Sebi's go-ahead to raise funds through Initial Public Offerings (IPOs), an update with the markets regulator showed on Tuesday. The other two firms that obtained the regulator's clearance to float initial share sales are — Ecos India Mobility and Hospitality Ltd and KRN Heat Exchanger Ltd. The four companies, which filed their preliminary IPO papers between March and April, obtained Sebi's observation letters during July 22-26.

Manu Bhaker made history by becoming the first Indian player to win two Olympic medals in one single Olympic event. She won a bronze in the 10m air pistol shooting as well as another bronze in mixed 10 m air pistol shooting at the 2024 Summer Olympics in Paris. The 22-year-old secured a bronze in the 10m air pistol competition at the Chateauroux Range, marking a significant achievement as the first Indian woman to earn a medal in shooting at the Olympics.

Dori Media Group (DMG), the global studio behind global hits like Losing Alice, Lalola, The New Black, In Treatment, and Power Couple, has opened its first sales office in India, joining its existing global branches in Israel, Spain, Switzerland, and Argentina. “We’re thrilled to have someone with Devdatta’s tremendous industry experience joining our team at Dori Media and helping us further expand our global sales reach,” said Nadav Palti, CEO & President of Dori Media Group. “We’ve been successfully selling content in India for years now, and the dynamic growth that we’ve seen in that marketplace recently made it a no-brainer for us to open an office in Mumbai.”

Manu Bhaker and Sarabjot Singh have scripted history in Paris after beating South Korea's Oh Ye Jin and Lee Wonho in mixed 10m air pistol shooting in a bronze medal game.