India Financial News

₹50 crore) and potentially challenging India's largest corporations, or 'rulers', said Mukherjea. “Over the last 12 months, CCP underwent a significant increase in allocation to companies (from 10% previously to over 50% currently) which have seeded new business optionalities through capital allocation decisions over the last 3-5 years," according to Mukherjea’s May 2024 portfolio update.

Shubman Gill and Riyan Parag who termed it as an «inspiration» while vowing to bring more glory to the nation in future. The new line of Indian players is here to play a five-match T20I series against Zimbabwe, which is starting from Saturday at the Harare Sports Club. Gill, who is leading the contingent here, was a travelling reserve with Rohit Sharma's men before returning to India after the group stage of the T20 WC which was held in the USA. The 24-year-old rated the victory as a «feather in the cap».

Netflix anime library seems to be getting bigger and bigger. The OTT streaming giant is once again adding more and more anime content. Here are anime shows that will be released on Netflix throughout the month of July, as per WhatsOnNetflix. One Piece Season 21 has been released on July 1. Ouran High School Host Club Season 1 has been dropped on Netflix July 1. «The Rising of the Shield Hero» season 1 was released on July 1.

MUMBAI : India’s highest-paid banker isn’t Sashidhar Jagdishan, chief of the country’s largest private lender, HDFC Bank Ltd. That title goes not to Rajeev Jain, the CEO of Bajaj Finance Ltd, India’s largest non-bank, but to Abhay Bhutada, the recently retired chief of Pune-based Poonawalla Fincorp Ltd. Shadow banks such as Poonawalla Fincorp and Bajaj Finance have been able to shower their bosses with hefty salaries, bonuses and stock options as they reap the rewards of robust business growth.

Lupin Ltd. rose 0.78 per cent to Rs 1793.1 in Tuesday's trade. It hit an intraday high of Rs 1793.6 and low of Rs 1767.15, respectively, during the day. The stock quoted a 52-week high price of Rs 1793.6 and low of Rs 896.3.

Markets regulator Sebi on Tuesday mandated email as a default mode of dispatch of 'Consolidated Account Statement', which provides an account of securities traded by an investor, by depositories and Mutual Fund-Registrar and Transfer Agents (MF-RTAs). The new framework will come into force from April 1, the Securities and Exchange Board of India (Sebi) said in a circular. A Consolidated Account Statement (CAS) is a single or combined account statement which shows the details of financial transactions made by an investor during a month across all mutual funds and also other securities held in dematerialised (demat) mode.

Indians in Qatar will be able to scan a QR code and make payments via UPI as NPCI International Payments (NIPL) has signed an agreement with QNB, the largest financial institution in the Middle East and Africa, headquartered in Qatar. «We believe that enabling UPI acceptance in Qatar will offer substantial benefits to the large number of Indians visiting the country and simplifying their transactions,» said Anubhav Sharma, deputy chief of partnerships and business development at NPCI International. The number of Indian tourists travelling to the Gulf Cooperation Council (GCC) countries is projected at 9.8 million in 2024, with the UAE anticipating 5.29 million arrivals from India, a release from NPCI said.

Central Cottage Industries Emporium — once fondly known as 'Cottage' to craft lovers all over India — ended in disappointment this week. The unwieldy split-level store was almost entirely empty at 4 pm on a weekday afternoon; and that includes the staff as none were to be seen except for the doorman. The pottery department (my destination) was even more deserted as many shelves were empty, and the rest very sparsely filled. Now that there are crafts aplenty available both online and in stores, heading to a government-owned emporium was perhaps naive. Who goes there these days anyway? Only people of my generation or older, presumably, for whom these were once the only places to access India's amazing traditional art and crafts. The paucity of stores selling crafts in the bad old days of socialism made state emporia the only option for traditional weaves, homeware, and even gifts. Some of them were better than others, of course. During my college days, we were fans of mirrorwork kurtas and shawls from Gurjari; the best Chanderi and Maheshwari sarees were from Mrignayani (Madhya Pradesh), Utkalika was a favourite haunt not only for its Sambalpuri ikat sarees but also for patachitra paintings, Lepakshi for Pochampalli and pearls, Poompuhar for wooden Ganeshas and Tanjore plates, Phulkari for, well, phulkari....

pranamay kosh is the energy body of man. Kosh means a sheath. The pranamay kosh, made of pran, or life, substance, electrifies and gives life to our physical body. The pranamay kosh carries a charge indicated by the invisible aura or energy field surrounding the body. Just as an electric current creates an electric field around it, the pranic currents also create an auric field surrounding the body. The energy body has 114 chakras, or energy wheels, to distribute prana to various body parts through nadis, or microscopic vessels, which are invisible to the eye. Some of these main chakras are aligned along the spinal cord. This pranic system is used in Reiki, Chinese alternative therapies like acupuncture and acupressure, and the Indian marma therapy for healing purposes. The pranamay kosha is energised by pranayam. When the pranamay kosh is energised through yog to a threshold limit, the kundalini, or the spiritual evolutionary energy, is awakened in man, at the bottom coccyx region of the spine called Muladhar (base support for energy) in yogic terms.

Indian archery teams – men’s and women’s – landed back home from Antalya, Turkey, having secured the 2024 Paris Olympic berths, based on rankings. Deepika Kumari, who had made a remarkable comeback after becoming a mother, was excited and relieved at the same time. “The dream was to make it to the Olympics,” she said. As she couldn’t talk more, she promised to meet later in the evening at her home. “I will be there for a few hours this evening before I leave for Pune for the final phase of training tomorrow morning,” Deepika suggested. Upon reaching her apartment, Deepika was already waiting in the lobby. As she was speaking, the mind went back to an event last November. At the time, she still had her post-pregnancy weight, and there was scepticism about her Olympics chances. And here she was, 20kg lighter, almost unrecognisable.

consolidation in the edtech sector, Housing.com cofounder Advitiya Sharma's startup Genius Teacher has been acquired by Schoolnet – an edtech firm that provides digital classroom services to government schools. Multiple deals in the space have closed over the last six to eight months including Google-backed edtech startup Adda247 acquiring testprep player Ekagrata Eduserv, Allen Career Institute buying Peak XV-backed Doubtnut and mid-tier IT services firm Happiest Minds acquiring Macmillan Learning India.

Rajya Sabha midway through the PM's speech on Wednesday, said they were protesting against the Chairman and the prime minister «not allowing» Leader of Opposition Mallikarjun Kharge to intervene. Kharge said he wanted to rebut the prime minister's charge against Congress and wanted to point out who all were supporting and who all were against the Constitution when it was conceptualised by the Constituent Assembly. Flanked by leaders of INDIA bloc outside the Parliament House, Kharge said: «We walked out of the Rajya Sabha because the prime minister, while addressing the House on the President's address, told some wrong things to the House. It's his habit to lie and say things beyond the truth.

₹3 lakh in the northern state, receiving a tax break that only electric vehicles in the state have enjoyed so far. Shares of Maruti Suzki India Ltd closed 6.6% higher on the BSE on Tuesday, while the BSE Auto index rose 2.17%. The UP government on 5 July said it will now fully implement its 2022 policy which waives road tax for EVs and strong and plug-in hybrids.

Amrit Jiwan, general counsel and senior director, Canon India as its president. The industry association representing top IT hardware brands have also appointed Sanjay Lodha and Bhawna Agarwal as vice presidents. Lodha is the chairman and managing director, Netweb Technologies. Agarwal heads strategy and growth, Hewlett Packard Enterprise.

CESC Ltd.(up 5.74%), Karma Energy Ltd.(up 5.00%), Energy Development Company Ltd.(up 5.00%), RattanIndia Power Ltd.(up 4.71%), Adani Power Ltd.(up 3.86%), GE Power India Ltd.(up 3.74%), Jaiprakash Power Ventures Ltd.(up 3.27%), Torrent Power Ltd.(up 3.08%), Kalpataru Projects International Ltd.(up 2.44%) and KPI Green Energy Ltd.(up 2.39%) stood among the top gainers.

DLF Emporio, one of the country's largest luxury shopping destinations, recently concluded its luxury shopping festival in May to induce additional demand. Over a two week period, customers spent about ₹30 crore at the festival, largely led by fashion and jewellery purchases. Amit Pande, business head of The Collective & international brands at Aditya Birla Fashion and Retail Ltd., said June saw a recovery for the sector following the summer and general elections.

e-Pay Tax service allows the e-Filing site to facilitate direct tax payment-related actions, including challan (CRN) production, payment, and payment history tracking. Taxpayers are offered wide range of modes for payment, including Net Banking, Debit card, Pay at Bank Counter. Penalty for missing ITR filing last date: Who has to pay and who doesn't

Gold slipped after the biggest weekly advance in three months, with central-bank purchasing patterns in focus.

Siemens AG aims to more than double the share of software and digital services in sales to 20%, and India will play a key role in this strategy, chief executive officer Roland Busch told ET in an interview. The German conglomerate has become the world's largest industrial software company, pivoting from legacy industrials and manufacturing. «India was traditionally known for offshoring software and engineering products… the company is now looking at more of deep technology and development of core products,» Busch said. «We believe that the DNA of Siemens is technology, and this is where the value of Siemens sits.» This part of the business is relatively small but growing rapidly, the CEO said. «We are currently sitting on₹6.5 billion of software and digital business revenues out of a total ₹75 billion for the group. So there's still a way to go, but this part grows faster,» said Busch.

The U.N. intellectual property agency says China has requested far more patents than any other country when it comes to generative AI, with the United States a distant second

Experion Developers has acquired a 7.81-acre plot at Dwarka Expressway in Gurugram for Rs 400 crore to capitalise on the flourishing market for premium residential properties. It plans to invest an additional Rs 2,000 crore to build 3 million sq ft of luxury homes in the new land parcel. The wholly owned Indian subsidiary of Singapore's Experion Holdings Pte Ltd had in the last one-and-a-half years acquired five plots worth Rs 2,100 crore, mainly in Gurugram, where it is in the process of launching new projects. «The land is in Sector 88A Gurugram and we are expected to launch the project in this financial year. We are expecting Rs 3,700 crore revenue from the project,» said BK Malagi, COO at Experion Developers.