India Financial News

MRF, PFC and United Breweries are among a host of other companies that are likely to remain in focus this week as they are approaching their record dates for the purpose of dividend declaration, bonus issues and stock split.

Union Budget 2024: India's ambitious goal of becoming a developed country by 2047 closely aligns with the growth of its real estate sector. Thanks to its impressive economic surge in recent times, supported by the real estate sector's contributions to urban development, it is anticipated that by 2030, 40% of India's population will reside in urban areas. While other growth indicators are on the rise, India’s real estate industry will play a crucial role in achieving the country's sustainable development goals, given that it accounts for 8% of its GDP. Looking ahead, real estate could serve as the cornerstone of a resilient economy, around which all other factors would revolve.

Mumbai and its suburbs experienced intermittent heavy rainfall on Saturday, causing waterlogging in several areas. However, local train services continued to operate normally, according to the latest updates from Western Railway and Central Railway. According to the India Meteorological Department (IMD), Mumbai received 91 mm of rainfall in the 24-hour period ending at 8 AM on Saturday, while its eastern and western suburbs recorded 87 mm and 93 mm of rainfall, respectively. The IMD has predicted moderate to heavy rainfall for Mumbai and Pune y in the coming days.

technology outage caused thousands of flights worldwide to be canceled or delayed, the ripple effect from the disruption left airports crowded with passengers and airlines working to get planes and crews back in position. «These flights, they run so tightly, so back to back, that even after a root cause is addressed, you can still be feeling those impacts throughout the day,» said Pete Buttigieg, the transportation secretary, in an appearance on CNBC.

Surendra Singh Ahluwalia was acquitted in a 37-year-old corruption case by special judge Anil Antil on July 12, reported TOI. «Delay by any stakeholder or cog in the dispensation of the criminal justice system, be it by the investigating agency or by the unscrupulous devices adopted by the accused, not only causes miscarriage of justice, but the delay also becomes an instrument of inflicting a fatal blow on the efforts of justice dispensation,» said Justice Antil. The Central Bureau of Investigation (CBI) in 1987 filed an FIR against Ahluwalia, who was at the time the chief secretary of Nagaland and three others — V Bhaskaran, manager of Bank of Baroda, Coimbatore, Inderjit Singh, Ahluwalia’s brother and Bank of Baroda manager in Kohima, and Nyamo Lotha for fraud, destruction of evidence, corruption and other crimes.

The communities of Ashcroft and Spences Bridge along with some homes and properties in the surrounding areas, including Cache Creek, have been placed under evacuation alerts due to the threat of an advancing wildfire.

worldwide are experiencing a 'recovery' phase following a major outage. The disruption has impacted a range of institutions, including airports, businesses, media broadcasting, the stock market, government offices, and hospitality.1. Microsoft Chairman and CEO Satya Nadella on Friday took to X and wrote, “We are aware of this issue and are working closely with CrowdStrike and across the industry to provide customers technical guidance and support to safely bring their systems back online."2.

MUMBAI : Amit Chandra, partner and India chairman of private equity (PE) firm Bain Capital, began thinking about philanthropy in his 30s. At the time, he was leading investment bank DSP Merrill Lynch in Mumbai. One of his goals then was to lead a large bank by the age of 40, something he achieved at 33.

₹1,200 crore. It presented an enviable opportunity for both Jumbo and United Breweries. As it turned out, Chhabria used Mallya as collateral.

brands have signed sponsorship or partnership deals for the Paris Olympics, showing unprecedented interest in non-cricket sportspersons, with many keen to soft-block likely medallists. Radico Khaitan, Puma, Dream Sports, Amul, JSW Group and Adani Group are some major names associated with the Indian contingent bound for Paris. «This is the first time we are doing such an association… sports in India is no longer just about cricket,» said Abhishek Khaitan, MD of spirits brand Radico Khaitan. «We have signed up as official spirits partner for India House, to cater to global tourists.» India House, being set up by Reliance Foundation and the Indian Olympic Association in Paris, has been envisaged as a cultural centre. Athletes Consistently Visible

Microsoft software, prominently used by enterprise networks worldwide. CrowdStrike, a US-based endpoint security provider to several global organisations including Microsoft, first released an update to its product — Falcon Sensor — on July 9 gradually rolling it out to companies globally over the next 10 days. On July 18 and 19, the update — intended to pre-emptively detect cybersecurity breaches — was pushed onto Microsoft devices unwittingly, triggering widespread chaos. It forced several banks, hospitals, airlines, and startups to resort to manual processes to continue operations, industry executives said. «Around 300 flights have been cancelled, including around 200 for market leader Indigo alone till 6 pm (on Friday),» people aware of the details told ET.

Microsoft's Windows devices. Users across the world and in India complained about a blue screen of death error when they booted their devices. The outage was caused due to a faulty update caused by CrowdStrike, which manages end-point security for several firms across the globe, including Microsoft. Overall, Microsoft's suite of services such as Azure, Outlook, and Teams were impacted throughout the day. What caused the outage?

ICICI Securities is likely to reach the Bombay High Court soon. The Mumbai bench of the National Company Law Tribunal (NCLT) clarified that it lacks authority to judge the legality of the exemption granted by the Securities and Exchange Board of India (Sebi) for delisting the broking firm without the reverse book-building process. It also indicated that the matter must be moved to the appropriate forum. Senior counsel Kaushik Chatterjee, who represented the shareholders before the NCLT, argued that the Sebi has illegally granted an exemption to ICICI Securities under Section 37 (1) of the Delisting Regulations. This exemption allows ICICI Securities to delist its shares from the bourses without going through the reverse book-building process despite the requirement that the listed holding company and the listed subsidiary be in the same line of business, he said. «No one has seen the exemption letter as both the Sebi and ICICI Securities have refused to share the letter with shareholders,» said Chatterjee. «So, we are not left with any choice except to move High Court Mumbai to challenge the legality of exemption granted by Sebi to both the companies from not being in the same line of business.»

A boot camp on a California ranch could help improve internet access on U.S. tribal lands

Bhavish Aggarwal, co-founder and chief executive officer of Ola Cabs, while commenting on the Microsoft Windows outage on July 19, said outages could happen due to “deliberate action by bad actors". On Friday, a flawed software update sent out by a cybersecurity company caused major computer outages around the world, and millions of Windows users are experiencing the Blue Screen of Death (BSOD) error which is causing the system to suddenly shut down or restart.In a post on the social media platform X, he said, “On the @Microsoft outage, here’s the main thing I feel we can do.

A major internet outage affecting Microsoft is disrupting flights, banks, media outlets and companies across the world

protests by thousands of students in Bangladesh against quotas in government jobs has brought focus to a history of violence in a country born out of a war between India and Pakistan in 1971 in which nearly 3 million people were killed. Its founding father and first prime minister Sheikh Mujibur Rehman was assassinated in 1975 in a military coup which brought in a long period of military rule. Though democracy was restored slowly by 1990, the country of nearly 170 million people has been rocked by sporadic periods of sectarian or political violence in recent years.

Indrani Mukerjea, accused of killing her daughter Sheena Bora in 2012, to travel to Europe but laid down some conditions. The court allowed Indrani Mukerjea to travel once to Europe (Spain and United Kingdom) for ten days between intermittent period for the next three months. During her travel, she has to attend the office of the Indian Embassy or its allied diplomatic mission offices there at least once during her visit and obtain an attendance certificate, said the court. The court also directed Indrani Mukerjea to furnish a security deposit of Rs 2 lakh. Last month, the former media executive filed an application in the court seeking nod for overseas visit, claiming she needs to travel to Europe frequently for work.

StockGro, discussed the budget and its impact on common man with Ishaan Agarwal, Sandeep Yadav of NIT Allahabad and Devika Deevasan of IIT Madras. Read on to know how he decoded the budget for Young India. Q. Everyone thinks that the budget is all about taxes. How does it affect the common man?Ajay Lakhotia: Unlike the myth that the common man doesn’t get affected by budget, it actually really does affect a common man.

Sonowal, was sworn in as ex-officio members of Digboi and Makum municipalities. Sonowal, elected to represent Dibrugarh in Parliament and actively contributing to its development, outlined his comprehensive vision for the constituency's progress. Sonowal highlighted Dibrugarh's historical prosperity, noting its status as one of India's wealthiest districts even before independence. The region's abundant resources, including tea, coal, wood, and petroleum, have historically contributed to its economic significance. Sarbananda Sonowal emphasized the historical neglect faced by Dibrugarh under successive Congress governments post-independence. He credited the revitalization of the region to the proactive measures undertaken during the Vajpayee and Modi administrations, leading to significant advancements across rail, road, air, and water connectivity. This resurgence has spurred industrialization and youth employment in Dibrugarh, underscoring Prime Minister Narendra Modi's inclusive development agenda of «Sabka Saath, Sabka Vikas.»

Airports Authority of India, the Urban Development Department, the government of Rajasthan, and the Civil Aviation Department, for the development of Kota Greenfield Airport in Rajasthan, according to an official press release issued by AAI. As per the MoU, the government of Rajasthan will provide land for the development of the greenfield airport and AAI will be responsible for the construction, development, and operation of the airport. As per the information, the Greenfield airport at Kota will be constructed on 440.086 hectares of land for which a Detailed Project Report (DPR) is being prepared by the Airports Authority of India.