India Financial News

24.07 / 13:42

Forbes love Celebrity travelers Features Videos politician Fan’s unique gift stuns Lulu group chief Yusuff Ali, the Rs 75,000 crore business tycoon

billionaire who seems to have it all? One thoughtful fan of Lulu Group chairman MA Yusuff Ali found a unique and deeply personal answer: a watch featuring a photograph of the billionaire’s mother.

24.07 / 13:40

UPS Fighting Olympics Courts Sporting wrestling From bitter fights to dope shame, Indian Olympic team's tryst with controversies

Olympics. The duo had only two things in common — they were wrestlers and were willing to fight it out on and off the mat to represent India in 48kg category. Almost 28 years later, few in the wrestling circles would have forgotten that eventful day when the two fought tooth and nail at the IG Stadium for a place in the Indian team. Yadav won the controversial trial bout but was not allowed to participate at the Games after failing to clear the weigh-in at Atlanta.

24.07 / 13:32

markets UPS FIVE economy Enterprise Research Experts Budget 2024-25: The ultimate explainer

Mint explains the budget’s many nuances and its potential long-term impact. The biggest concern was whether the central government’s policy choices could change after the electoral outcome. Over the years, it had worked hard to improve spending efficiency by cutting back on revenue expenditure and focusing on capex which had a greater multiplier effect.

24.07 / 13:27

Cooper security Photos country reports International SCO countries hold anti-terror drills with member states in China

Shanghai Cooperation Organization (SCO) held a joint anti-terrorism drill in China focussing on live drills and specialised operations such as the «eradication of terrorist groups,» China's Ministry of Public Security has said. The 'Interaction-2024' joint counter-terrorism exercises were held recently in northwest China's Xinjiang Uygur Autonomous Region, the Ministry said.

24.07 / 13:27

UPS Manufacturing Trade country reports Petronet LNG Q1 results: Profit jumps 45% to Rs 1,142 crore, revenue up 15%

Petronet LNG (PLL) reported a 45% jump in the first quarter profit to Rs 1,142 crore as a scorching summer boosted capacity utilization of its import terminal, sending its shares up 5% on Wednesday. Petronet’s revenue from operations rose to Rs 13,415 crore in the April-June quarter, up 15% from Rs 11,656 crore in the year-earlier period.

24.07 / 12:45

markets UPS SUN Nestle Updates Pharmaceuticals Stock market update: Sugar stocks up as market falls

Bajaj Hindusthan Sugar Ltd.(up 6.50%), Sakthi Sugars Ltd.(up 6.16%), Triveni Engineering & Industries Ltd.(up 5.65%), KCP Sugar & Industries Corporation Ltd.(up 5.59%), Simbhaoli Sugars Ltd.(up 4.98%), Magadh Sugar & Energy Ltd.(up 4.93%), Ugar Sugar Works Ltd.(up 4.88%), Rajshree Sugars & Chemicals Ltd.(up 4.43%), Shree Renuka Sugars Ltd.(up 4.15%) and EID Parry(India)Ltd.(up 3.32%) stood among the top gainers.

24.07 / 12:44

markets UPS performer innovations Features BMW CE 04, India’s most expensive electric scooter, launched at ₹14.90 lakhs: Features, range and more

₹14.90 lakh (ex-showroom) and will be sold as a fully built unit. The BMW CE 04, now the priciest electric scooter in India, boasts an 8.5 kWh battery pack, promising an impressive range of up to 130 kilometres on a full charge. Included with the purchase is a 2.3 kW home charger that can charge the scooter from 0 to 80% in 3 hours and 30 minutes.

24.07 / 12:44

Provident security Wildlife information Department rights MP govt refuses RTI info on Project Cheetah

Madhya Pradesh forest department has refused to provide information under the Right to Information Act on management of cheetahs brought from Africa and their cubs born in India. In response to a request filed by wildlife activist Ajay Dubey, the department cited Section 8(1)(a) of the RTI Act, which allows a public authority to withhold information if its disclosure would prejudicially affect the sovereignty and integrity of India, the security, strategic, scientific, or economic interests of the State, relations with a foreign State, or lead to the incitement of an offence.

24.07 / 12:25

markets security Trade rock Updates International Multimedia Stock market update: Nifty Auto index falls 0.05%

Shares of MRF Ltd.(up 4.0 per cent), Apollo Tyres Ltd.(up 3.99 per cent), Tata Motors Ltd.(up 2.59 per cent), Tata Motors Ltd.(up 2.55 per cent) and Ashok Leyland Ltd.(up 1.25 per cent) ended the day as top gainers in the pack.

24.07 / 12:24

Manufacturing information reports prevention Schools CERT-In reported possible intrusion, data breach at BSNL on May 20: minister to Lok Sabha

CERT-In) had reported possible intrusion and data breach at state-owned Bharat Sanchar Nigam Ltd (BSNL) on May 20, 2024, Parliament was informed on Wednesday. An Inter Ministerial Committee (IMC) has been constituted to conduct an audit of the telecom networks and suggest remedial measures for prevention of data breaches in the telecom networks, Minister of State for Communications Pemmasani Chandra Sekhar said in a written reply in the Lok Sabha.

24.07 / 12:19

UPS Apple Yellow reports Schools Features 'Apple Watch For Your Kids' introduced in India: How it works and details on features

Apple Watch can stay in touch with family and friends. The feature integrates communication, health, fitness, and safety tools with appropriate safeguards.

24.07 / 12:18

markets COST UPS security Fallout country Budget 2024: Realty, banks, defence among 9 sectors that appear short term losers. Here's why

asset management companies (AMCs), real estate, consumer, defence, OMCs and select stocks in the new age space according to estimates by top brokerages. Here's what they say on sectors, stocks:

24.07 / 12:13

markets UPS Trade rock Updates Multimedia Stock market update: Nifty IT index advances 0.18%

Shares of Tech Mahindra Ltd.(up 2.68 per cent), Coforge Ltd.(up 2.51 per cent), L&T Technology Services Ltd.(up 0.92 per cent), Persistent Systems Ltd.(up 0.18 per cent) and Tata Consultancy Services Ltd.(up 0.1 per cent) ended the day as top gainers in the pack.

24.07 / 12:11

UPS Citi security Experts International Mint Explainer: How variable capital cos will boost fund flow in Gift IFSC

Mint explores the details of VCCs and how they are likely to be attractive to overseas investors. Unlike typical funds where investors share risks and rewards uniformly, a VCC allows for sub-pools with different investment objectives, investors, and asset classes, all governed by the same board and managed by a single fund manager, custodian, auditor etc. Under the current Securities and Exchange Board of India (Sebi) and International Financial Services Centres Authority (IFSCA) regulations, an AIF may be set up as a trust, an LLP or a company.

24.07 / 12:08

UPS Waters Southern Research 2020 reports isolate Chinese scientists find traces of water in lunar soil brought by Chang'e-5 mission

Chinese scientists studying the soil samples of the moon brought by Chang'e-5 mission found water molecules in lunar soil, according to the Chinese Academy of Sciences (CAS). The research — carried out jointly by researchers from the Beijing National Laboratory for Condensed Matter Physics and the Institute of Physics of CAS and other domestic research institutions — was published in the peer-reviewed journal Nature Astronomy on July 16, the Hong Kong-based South China Morning Post reported.

24.07 / 12:08

markets WhatsApp Trade Updates Stock market update: Stocks that hit 52-week lows on NSE in today's trade

Domestic benchmark index NSE Nifty ended 65.55 points down at 24413.5, while the BSE Sensex closed 280.16 points down at 80148.88.

24.07 / 12:05

UPS Citi Bill stage reports Got raw deal in budget, no point in attending NITI Aayog meeting, says Deputy CM Shivakumar

Karnataka Deputy Chief Minister D K Shivakumar on Wednesday defended the Congress government's decision to boycott the July 27 meeting of the NITI Aayog, saying the State has got a raw deal in the Union Budget and its interests have not been protected. Chief Minister Siddaramaiah said on Tuesday the decision was taken as a mark of protest against the "neglect" of the state's demands in the Union Budget.

24.07 / 12:04

markets UPS SUN Micron Updates orienteering Stock market update: Mining stocks up as market falls

The Orissa Minerals Development Company Ltd.(up 18.39%), KIOCL Ltd.(up 3.78%), MOIL Ltd.(up 3.61%), Ashapura Minechem Ltd.(up 3.51%), Gujarat Mineral Development Corporation Ltd.(up 3.36%), Oriental Trimex Ltd.(up 2.43%), Aro Granite Industries Ltd.(up 2.41%), Sandur Manganese & Iron Ores Ltd.(up 1.79%), 20 Microns Ltd.(up 1.79%) and Coal India Ltd.(up 1.40%) stood among the top gainers.

24.07 / 11:51

UPS Citi Fighting Metro Injustice stage "Raw deal in budget": Karnataka to boycott July 27 Niti Aayog meet to be chaired by PM

Niti Aayog meeting scheduled for July 27 in Delhi to protest what Chief Minister Siddaramaiah called “raw deal” to the state in the budget Finance Minister Nirmala Sitharaman presented on Wednesday.

24.07 / 11:41

Citi CEO WhatsApp reports Mahindra Lifespace Developers Q1 Results: PAT at Rs 12.74 crore

Mahindra Lifespace Developers Ltd on Wednesday reported a consolidated net profit of Rs 12.74 crore for the June quarter. The company posted a net loss of Rs 4.27 crore in the year-ago period. Its total income increased to Rs 206.70 crore during the April-June period of this fiscal year from Rs 110.05 crore in the corresponding period of the preceding financial year, according to a regulatory filing.

24.07 / 11:35

COST UPS Experts country cover shock Budget 2024: 3.5x surge in capital gains tax on CCDs stuns foreign investors

Mumbai: India’s latest union budget had a rude shock for foreign investors because their tax liability on capital gains in the country will surge across asset classes, experts said, which is likely to make them weigh the impact of the move before investing in the country. The biggest hit will be on foreign direct investments (FDI) in compulsorily convertible debentures (CCD), where the income tax rate on capital gains has gone up to 35% from 10%. Earlier, gains on unlisted CCDs held directly by foreign companies for more than three years were treated as long-term capital gains (LTCG) and taxed at 10%.

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