India Financial News

«These were the valuations at which this company was trading and you could have hit a dart and picked a stock in this space and it would be trading at 2-3 times, 4 times price to earnings,» says Anshul Saigal, Founder, Saigal Capital. Is the Street making too much of the earnings from TCS or do you think this was long overdue? Anshul Saigal: So, as regards the IT space in general and TCS numbers, clearly the numbers are a slight beat over street expectations. Since 2021 December, this sector has consolidated by and large, particularly for the largecaps. Even for this frontline name, if you look at the stock price, you will notice that it is about the same level that it was at till about two-and-a-half years back.

NEET UG 2024 Hearing Live Updates: The Supreme Court (SC) of India will hear several pleas related to the medical entrance exam NEET UG 2024 controversy on Monday, seeking a direction to conduct it afresh.

budget could unveil a scheme aimed at bridging the credit gap and other financing issues for the micro, small and medium enterprises (MSME) sector, said people familiar with deliberations. While the contours of the scheme are yet to be finalised, it may involve an outlay upwards of ₹10,000 crore, they said. Interventions being examined included interest subvention for working capital, credit guarantees, refinance and some form of support towards equity, they said, adding that a special window for women entrepreneurs was also being considered. A final decision will be taken closer to the budget, which is to be presented on July 23.

Abu Dhabi has been named in honour of Dr George Matthew, a UAE citizen of Indian origin, in recognition of his remarkable contributions to the emirate's healthcare sector over nearly 60 years, as reported by Khaleej Times. Dr Matthew, now 84 years old, first arrived in the UAE in 1967 as a 26-year-old, long before the country's unification. Over the past six decades, he has played a pivotal role in shaping Abu Dhabi's healthcare system, witnessing its transformation from its early days to its current state. Notably, he was the first doctor to work in a government hospital in Al Ain, leaving a lasting impact on the country's medical landscape, as reported by Khaleej Times.

Mint spoke to lawyers and investment bankers who also alluded to the rise in MNCs evaluating such options. Besides South Korea’s Hyundai, which is preparing for a record ₹25,000 crore initial public offering, LG Electronics and Italy’s component maker Carraro are looking at similar moves, according to media reports.

Federal Bank led the way in gross loan expansion while CSB Bank showed the highest deposit growth among Kerala-headquartered lenders which published their quarterly business numbers so far. Federal Bank reported a 20% year-on-year rise in gross loan portfolio to Rs 2.24 lakh crore at the end of June. Fairfax-backed CSB Bank clocked a 17.8% rise in gross loans to Rs 25099 crore while South India Bank's loan portfolio rose 11.4% to Rs 82510 crore. City Union Bank and Dhanlaxmi Bank are yet to publish their first quarter business numbers till Wednesday noon. ESAF Small Finance Bank has not shared the numbers as well.

Shares of Wipro Ltd.(up 1.14 per cent), HCL Technologies Ltd.(up 0.93 per cent), Infosys Ltd.(up 0.87 per cent) and Tech Mahindra Ltd.(up 0.43 per cent) ended the day as top gainers in the pack.

Rescuers assisted by divers from Nepal's security forces on Saturday resumed the search for over 50 people, including seven Indians, still missing after two passenger buses were swept away by a mudslide into a rain-swollen river in the Himalayan nation. The two buses carrying 54 passengers went missing in the Trishuli River in the landslides at the Simaltal area along the Narayanghat-Mugling road in Chitwan district. Earlier, it was reported that there were more than 60 people on board the two buses. The Nepali Army, Nepal Police and armed police personnel along with deep divers are being mobilised to resume the search operation, according to the Nepal Police.

I recently spent ten days in the United Kingdom, driving through the English countryside and occasionally giving lectures. My journey included visits to historical landmarks like the majestic Durham Cathedral, completed in 1133 CE, and the little village in Lincolnshire where Isaac Newton was born. But I also saw, in London and across the country, signs of urban decay and neglect, as well as homelessness, poverty and despair.

coal production rose by 14.49 per cent to 84.63 million tonne (MT) in June. The country's coal output was 73.92 MT in June last fiscal, according to provisional figures of the government. In June Coal India Ltd's (CIL) production was at 63.10 MT, registering a rise of 8.87 per cent compared to the same period last year, the coal ministry said in a statement.

Indians working in the Russian army after Prime Minister Narendra Modi raised the issue with President Vladimir Putin during his Moscow visit on Monday night, a development that observers described as a diplomatic victory for India. At least four Indians have died fighting the Ukraine war. Around 61 Indians are believed to be serving in the Russian army. The PM raised the issue at a private dinner hosted by Putin on Monday evening, said people familiar with the matter.

₹500-600 every day. The situation is worse for those who come from marginalized communities. Ajay Kumar Gautam, a researcher, in his work, ‘Unveiling Layers of Struggle: Caste, Gender, and Precarity Among Indian Street Vendors,’ reveals caste discrimination among street vendors.

Apple is reportedly revisiting its plans to produce iPads in India and is actively seeking a local manufacturing partner.According to sources cited by Moneycontrol, Apple's earlier collaboration with China-based BYD for iPad production was halted due to geopolitical restrictions. Now, Apple is resuming its efforts and may soon secure an Indian partner to kickstart iPad manufacturing.

Among the distinguished guests were US television personalities Kim Kardashian and Khloe Kardashian, Nigerian rapper Rema, and former UK Prime Minister Tony Blair. The event also saw the attendance of business magnates such as Saudi Aramco CEO Amin Nasser and Samsung Electronics Chairman Jay Lee. Bollywood's elite turned out in full force, with stars like Amitabh Bachchan, Shah Rukh Khan, Salman Khan, Ajay Devgn, Ranbir Kapoor, Alia Bhatt, Tiger Shroff, and Varun Dhawan gracing the occasion. Southern cinema icons Rajinikanth, Ram Charan, and Mahesh Babu also added to the glittering guest list. Indian cricket legends Sachin Tendulkar and Mahendra Singh Dhoni, along with current stars like Jasprit Bumrah and Hardik Pandya, were present to celebrate the union.

Plastic industry is one of the leading contributors to the economy and provides a lot of employment opportunities, Chemicals & Petrochemicals Secretary Nivedita Shukla Verma said on Thursday. She inaugurated a four-day Global Conclave on Plastic Recycling and Sustainability (GCPRS) organised by industry bodies All India Plastics Manufacturers' Association (AIPMA) and the Chemicals and Petrochemicals Manufacturers' Association (CPMA) at Pragati Maidan in the national capital. The event focuses on the rising use of plastic, its impact on the environment and also on the steps needed for solutions. According to an official statement, Verma in her address commended the efforts of the AIPMA and the CPMA for organising a conclave on a topic of paramount relevance, at a time when only ten per cent of the total plastic waste generated globally was recycled.

There’s a common misconception that Indigenous people in Canada simply don’t pay tax, but that’s generally not true since in order to be exempt from tax, the income earned must be situated on a reserve.

GAIL (India) Ltd. traded 0.72 per cent down at Rs 220.0 at 01:55PM (IST) on Wednesday, even as BSE benchmark Sensex gained 535.18 points to 79976.63. The scrip had closed at Rs 221.6 in the previous session. The stock quoted a 52-week high price of Rs 233.0 and 52-week low of Rs 104.7, respectively. As per BSE data, total traded volume on the counter till 01:55PM (IST) stood at 220556 shares with a turnover of Rs 4.88 crore.

Indian American comedian has taken the world of comedy by storm, bringing in humor and comedic relief to the seemingly mundane lives of Indian-American housewives and the daily issues in Indian households. From winning the best comedy screenplay at the 2019 Austin Film festival for ‘Rearranged’, her career as a stand up comedian has reached new heights, having performed on ‘The Tonight Show starring Jimmy Fallon’, being named Variety Magazine’s 10 comics to watch in 2023 and being celebrated by eminent figures such as Prime Minister Narendra Modi, Oprah, Karan Johar, Kevin Hart and Bill Clinton.

lifetime high of 24,236 but formed a small-bodied bearish candle on the daily scale. “Now, it has to hold above 24,000 zones to extend the move towards 24,250 and 24,400 zones, whereas supports are placed at 23,900 then 23,750 zones,” said Chandan Taparia Senior VP, Equity Derivatives & Technicals, Broking & Distribution at Motilal Oswal.

MUMBAI : Brokerages are fielding increasing demand from clients for a margin trading facility to invest in stocks, possibly triggered by the market regulator’s recent spate of regulatory tweaks aimed at tempering the retail investor frenzy in the futures and options segment. Margin trading facility, or MTF, is considered safer, offers higher leverage, and includes a broader range of stocks.

Goa for the fourth day in a row on Tuesday, which led to waterlogging in low-lying areas and traffic congestion in state capital Panaji and other cities. The India Meteorological Department (IMD) has issued a 'red alert' for Goa on Tuesday, saying heavy to very heavy rainfall was very likely at a few places and extremely heavy rainfall at isolated places with strong surface winds over North Goa and South Goa districts. Continuous rain with short intense spells and winds gusting to 50 kmph are very likely in the coastal state, as per the IMD. Fishermen are advised not to venture into the sea during the 'red alert', while people have been asked to avoid visiting flood-prone areas.