India Financial News

Private sector investment has been improving after Covid-19 and it is expected to further pick up in the coming months, Chief Economic Advisor V Anantha Nageswaran said on Monday. Talking to PTI after tabling of the Economic Survey in Parliament, Nageswaran said private sector investment has been improving over the years after Covid-19.

MGNREGS work demand does not directly correlate with increased rural distress at a micro-level and data from Financial Year 2024 shows states like Kerala and Tamil Nadu, with relatively lesser poor population, use more funds under the flagship rural employment scheme, according to the Economic Survey. The survey found there is a marked variation in the performance of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) across states.

PhonePe and Alphabet Inc.’s Google Pay saw a marginal decline in their share of total transactions processed through India’s unified payments interface in June as smaller players gained traction.

Joe Biden to quit the presidential race has given rise to the possibility of many candidates contesting to replace him ahead of the party’s national convention. Vice-President Kamala Harris has emerged as a party favorite to replace Joe Biden, especially after the latter endorsed her after deciding to quit the race.

Kamala Harris as Democratic party nominee for the state-head post of the US.

Israel Ministry of Tourism, India, told ET. Currently, Israel doesn't offer e-visas to any country.

Ben Affleck and Jennifer Lopez celebrated their second wedding anniversary on different coasts, indicating a considerable difference in their relationship. According to reports, despite Lopez's best efforts to keep the relationship going, they do not want to get back together. Lopez and Affleck, according to sources, do not currently plan to make a public announcement of their separation, as per the reports of Microsoft Start news.

Paris Olympics 2024 that is beginning on July 26 this year. United States have always been clear favorites at international-level basketball ever since the game was introduced at the Summer Games, back in 1936. As long as Olympic history goes back, USA have always secured a medal from this sport, except one particular year (1980), when they were boycotting the Olympics.

Insurance-focused conglomerate Fairfax Financial on Monday agreed to buy retailer Sleep Country Canada Holdings in a deal valued at C$1.7 billion ($1.24 billion).

Joe Biden has pulled out of the upcoming presidential election in November. The Democrats will hold their national convention to pick their presidential nominee in August. Vice-President Kamala Harris is a favorite to replace Biden and is expected to receive the nomination. There might be some opposition to his nomination.

Gensol Engineering Ltd on Monday said it has won the bid for 116 megawatt of solar projects in Gujarat. These projects will be distributed across 27 locations, all under the purview of Paschim Gujarat Vij Co. Ltd. (PGVCL), the state electricity distribution company, Gensol Engineering Ltd said in a statement.

Karnataka's ruling Congress is planning to move a resolution in the ongoing legislature session to urge the Centre to allow a state quota in medical admissions based on common entrance test (CET) score for the state's students.

Godfrey Phillips director Bina Modi on Monday withdrew her contempt petition filed against her sons — Lalit and Samir Modi – in the Supreme Court.

Central Asia’s biggest and resource rich state Kazakhstan’s GDP grew by 5.1% in 2023. All major sectors experienced positive growth: construction increased by 13.3%, trade by 11.3%, information and communication services by 7.1%, transport services by 6.9%, and industry by 4.3%. In 2024, the government predicts further growth of at least 5.3%.

Managing Director & Chief Executive Officer of Federal Bank, the bank said in an exchange filing on Monday.

Madhu Kela is supportive of a government/regulatory action on the growing speculative trading in the derivatives market arguing that irrespective of the overwhelming investor traction, there is a lack of understanding as to what they are getting into. He said he was hopeful of a collective action among the Securities and Exchange Board of India (Sebi), Reserve Bank of India (RBI) and the government on this. Citing an «alarming incident» that he came across, Kela said, «A friend of mine was saying that his mother asked me about F&O. She is 82-year-old and this friend asked her what have you got to do with F&O and what do you want to do? She said that I have nothing to do with F&O. In our house there is housework going on and three carpenters are working. They do not work between 9:15 and 3:30 because they are doing F&O trading and our work has slowed down,» Kela said.

software update caused havoc worldwide and led to the grounding by almost all airlines of a number of flights, but the impact is receding. Total cancellations within, into or out of the US early Monday totalled 758, according to the latest data from FlightAware, which is greater than a typical with no holiday. The vast majority of cancellations were Delta Air Lines flights.

global IT outage for the last few days has turned out to be the biggest technological crisis in history. The outage has also revealed the excessive dependency on a single company, Microsoft, that has now come into question, after banks, airlines, and various other important administrative services took a major hit. Even police authorities were not able to man their 911 lines and operations in various countries in the West due to the IT outage, begging the question why Microsoft has become the epicenter of all administrative activities.

Barack Obama be nominated as the running mate of Kamala Harris? Does the US Constitution allow a twice-elected president to run for the office of the vice president? Or is he ineligible for any office including that of vice president? These questions have popped up after US President Joe Biden stepped aside and endorsed Vice President Kamala Harris. If media reports are to be believed, Barack Obama played a significant role in convincing Biden to pull out despite supporting him earlier. He even attended Biden's fundraising program and endorsed him. Now the former president has come out openly to back and endorse Kamala Harris. What next?

facelifted Alcazar will feature prominent updates to its front and rear styling. As per HT Auto, recent spy photos reveal that the SUV will adopt a connected LED daytime running light strip similar to the Creta, accompanied by split headlamp units.

GDP growth of 6.5–7%, “with risks evenly balanced, cognizant of the fact that the market expectations are on the higher side". However, it has not explained the assumptions that led it to arrive at this projection.