India Financial News

RVNL, REC and CAMS were among those that offered a glimmer of hope in an otherwise bleak trading environment. RVNL has been a standout performer for the day with gains of over 8% while trading at Rs 587 on NSE after the company announced that it has received a letter of acceptance from Maharashtra Metro Rail Corporation (Nagpur Metro).

urban local body in India and fourth in the world to unveil a climate budget for FY25 and earmarked ₹10,224 crore to fight climate change. In January this year, the Solapur Municipal Corporation prepared its own climate change action plan that included a detailed vulnerability assessment and greenhouse gas emissions inventory as well as causes and mitigation. Later in February, Vadodara Municipal Corporation raised ₹100 crore by issuing Asia's first certified green municipal bond for sustainable water infrastructure.

CMF Phone 1 will feature a 6.7-inch Full HD+ LTPS AMOLED display with a peak brightness of 2000 nits (800 nits in high brightness mode) and a variable refresh rate of up to 120Hz. The upcoming Nothing device is likely to have an IP52 rating for splash and dust resistance and an in-display fingerprint sensor.The smartphone will be powered by the MediaTek Dimensity 7300 chipset with support for up to 8GB of RAM and up to 128GB of storage.

healthcare startup Cloudphysician said it has appointed Mandar Vaidya as its India chief executive officer from June. Bengaluru-based Cloudphysician is a full-stack tech and operations company that partners with hospitals to manage patients in their intensive care unit and emergency departments.

Budget 2024 scheduled in the coming weeks, the Finance Minister is expected to make announcements that will set the path for India to achieve the vision. Towards this, the government may look to providing various incentives to taxpayers, especially on capital gain taxation boosting investment and in providing stimulus to the housing sector, alleviating procedural complications and differing operations mechanics based on asset classification, holding period, etc. Now, all eyes are on the upcoming Budget. Budget 2024: Here is the list of expectations an individual taxpayer would have with respect to a property sale transaction.

Team Great Britain will be fielding some of their best sportsmen this time around to ensure they are at the top rungs in the overall medal count. Paris Olympics 2024 will be a huge challenge for Team GB as their performance is matched by the likes of USA, France, China, Japan and others, who will be looking to leave a mark in these prestigious Games.

Indian cricket was confirmed on Tuesday evening (July 9) when Jay Shah, secretary of the Board of Control for Cricket in India (BCCI), announced that Gautam Gambhir would be the next head coach of the senior men’s team. Gambhir’s appointment is an expected one, an obvious one even, but oddly, also a slightly left-field choice. It was expected in that he was the preferred candidate of the powers that be. It was obvious in that he had relinquished his position as a member of parliament and simultaneously succeeded in guiding his IPL team to a trophy. It’s left field because Gambhir has no previous coaching experience whatsoever. Gambhir has not coached a state team in the Ranji Trophy, he has not worked with a zonal or national age-group team and even in the IPL. He has been a mentor and a director of cricket of sorts rather than a hands-on coach. In the IPL, Gambhir has had a phalanx of coaches under him to run day-to-day operations while he focussed on the bigger picture.

Populist Budget Chances: Finance Minister Nirmala Sitharaman will be presenting her seventh full budget on July 23. Her five budgets have been marked with fiscal prudence as well as aggressive capital expenditure and an emphasis on making India Atmanirbhar and boost manufacturing. The interim budget Sitharaman presented in February surprised many for its lack of populist proposals which were expected since it was a pre-poll budget. But between the interim budget and the upcoming full budget, the situation has changed drastically. The BJP fell short of majority in the Lok Sabha elections and its NDA government is propped up by its allies, M. Chandrababu Naidu's TDP and Nitish Kumar's JD(U). After the results, there was speculation that both the allies will extract their pound of flesh for supporting the government by asking for key ministries and the speaker's post. But none of that happened. On the contrary, these allies expressed their unconditional support for the government. However, now there is speculation that the TDP and the JD(U) would want Sitharaman to extend a favorable treatment to their states in the budget. Many think Sitharaman has the tough task to balance fiscal discipline and growth with the excessive demands of these allies.

Budget 2024: With anticipated economic growth and energy transition, India’s power sector is at the forefront of the government’s focus. The country aims for 500 GW of renewable energy by FY30 and 85 GW of additional thermal capacities by FY32. ET looks at the challenges and budget wish list of the sector. State of Play India’s current installed power capacity is 444.75 GW of which 54.6% is thermal, while the rest are clean sources of energy.

Meta has rolled out the Meta AI personal assistant across all its platforms — WhatsApp, Facebook and Instagram. It offers text and image generation capabilities, which will help users in increasing productivity and be more efficient besides aiding creative assistance. The Meta AI chatbot, which is powered by the latest Llama 3 model, was announced by company’s chief executive Mark Zuckerberg back in September 2023. Experts say that the Meta assistant may have a deeper reach than other personal AI assistants such as the Microsoft Copilot, OpenAI’s ChatGPT or Google’s Gemini, given its direct integration inside social media platforms. The tool may find a much wider reach, especially in India, the largest market for Meta, and includes 314.6 million users of Facebook, 350 million of Instagram as well as 480 million on WhatsApp.

Budget 2024: As Finance Minister presents Union Budget on July 23 that will set the roadmap for the next five years of Prime Minister's third term, the e-commcerce sector hopes for a push towards Open Network for Digital Commerce (ONDC) and amendment of overall policy. Read More: Budget 2024 date: Finance Minister Nirmala Sitharaman to present Union Budget in Lok Sabha on July 23 «My expectation from the Government of India is to promote ONDC further because ONDC is in a way becoming an e-commerce platform for the small traders of our country, so we should talk about the creation and amendment of the overall e-commerce policy and about the enhancement of platforms like ONDC which have been created by the Government of India...» said Vijay Shekhar Sharma, Founder of Paytm.

HDFC Defence Fund, which has recently announced the discontinuation of lumpsum subscriptions and restrictions on systematic transactions from July 22, has offered an absolute return of around 145% since inception. Launched in June 2023, HDFC Defence is the only active mutual fund whereas Motilal Oswal Mutual Fund has launched Nifty India Defence Index Fund which has just completed its NFO period. The scheme is benchmarked against Nifty India Defence Index TRI. The fund aims to capitalise on the opportunities in the space and has seen good interest from investors. The government's focus on modernising its defence forces and push toward self-reliance should drive the long-term growth of the sector. As global geopolitical tensions rise, many nations are spending on enhancing defence capabilities.

Mint’s requests for a comment, Lal Sweets’ managing director Prateek Athwani declined to comment on the developments. Founded by Athwani, the Bengaluru-based company has exposure across general trade, modern trade, online marketplace, exclusive airport outlets and the export market. Lal Sweets is known for its ‘signature products’ such as Mysore Pak, Besan Laddoo, Kaju Katli and Dharwad Peda, as per the company’s official website.

JMM) executive president Hemant Soren on Thursday after CM Champai Soren resigned from the post. The other leaders invited by the Raj Bhavan include state Congress president Rajesh Thakur and RJD leader Satyanand Bhakta. Champai Soren resigned from the post just five months after taking the oath, setting the ball rolling for Hemant Soren to again take over the role and said that the ruling alliance had chosen Hemant Soren as the leader.

In a rare and unprecedented move, OnePlus has slashed the price of the OnePlus Watch 2 in India by a sizeable Rs 1,000. The OnePlus Watch 2 which went on sale in March at a price of Rs 24,999 can now be purchased for Rs 23,999. Interestingly, you can get it for even less on Amazon as the e-commerce platform has listed the OnePlus Watch 2 radiant steel variant for Rs 21,999 — a discount of Rs 3,000.

Turkmenistan and Iran on Wednesday signed a contract for the delivery of 10 billion cubic meters a year of Turkmen gas that Iran will then ship on to Iraq. The deal was announced by Turkmenistan's foreign ministry, which did not state the monetary worth of the contract. The ministry's statement said Iranian companies will construct a new 125-kilometer (77-mile) pipeline to Iran to expand Turkmenistan's delivery capacity. The ministry said Turkmenistan plans to increase its gas supplies to Iran to 40 billion cubic meters a year.

CMF Phone 1 will feature a 6.7-inch Full HD+ LTPS AMOLED display with a peak brightness of 2000 nits (800 nits in high brightness mode) and a variable refresh rate of up to 120Hz. The upcoming Nothing is likely to have an IP52 rating for splash and dust resistance and an in-display fingerprint sensor.The smartphone will be powered by the MediaTek Dimensity 7300 chipset with support for up to 8GB of RAM and up to 128GB of storage.

India is likely to see above-average rainfall in July, the Indian Meteorological Department said on Monday. The monsoon will cover entire country ahead of normal schedule, IMD said. There is 80 per cent probability of normal to above-normal rainfall in July. Delhi is expected to get heavy to extremely heavy rainfall in the ongoing month, as per the Indian weather office. A favourable monsoon forecast spells would bring bucketloads of relief for India, many parts of which reeled from extreme heat even in June. This was the warmest June in Northwest India since 1901.

₹1,000-crore empire that expanded beyond Mesco shoes to encompass aviation, shipping, pharma, and that darling of the age, financial services, which could hide a multitude of sins. Success eluded her in many of these fields. Also read | Heat relief: Let street vendors and labourers guide action plans But in the first few years after liberalisation, there were always gullible investors – in a market that lacked any real supervision – who could be relied on to bail out a failing entrepreneur.