India Financial News
12.07 / 20:19
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J P Nadda to visit Jammu on July 6 to set party into motion for assembly elections
BJP national president and Union Minister J P Nadda will visit Jammu on July 6 to set the party into motion by announcing plans for the upcoming assembly polls in Jammu and Kashmir. Nadda, who will receive a warm reception in Jammu following the BJP's third consecutive victory, will review the party's operations. This move is crucial as the Election Commission of India (ECI) begins updating the electoral rolls in the Union Territory, paving the way for the assembly elections in Jammu and Kashmir along with other states. «Nadda is arriving in Jammu to assess the party's functioning and discuss strategies for the upcoming assembly elections in Jammu and Kashmir,» Jammu and Kashmir Bharatiya Janata Party (BJP) chief Ravinder Raina told PTI.
12.07 / 20:15
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Features
10 Best Wall-Mount Hood Chimneys in India for a Clean and Functional Kitchen (2024)
The autoclean feature eliminates the hassle of manual cleaning by using heat to liquefy and collect grease, while filterless designs prevent clogging and ensure consistent airflow. Motion sensors allow for touchless operation, maintaining hygiene and ease of use, especially when hands are greasy from cooking. These chimneys not only improve air quality by efficiently removing smoke and odours but also elevate the cooking experience with their sleek designs and energy-efficient functionalities, making them the best choice for any modern kitchen.
12.07 / 20:11
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Ad-driven slates are a strong focus for OTT platforms as initial efforts pay off
Gunaah that released in June was also free for mobile users and another title Commander Karan Saxena, is slated for early July. Entertainment industry experts say original AVoD shows can be three to four times cheaper as compared to SVoD shows. The former, an emerging category, is also providing opportunities for newer talent and production houses at a time when premium SVoD shows are only being commissioned when mainstream film studios are at the helm of affairs.
12.07 / 20:10
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‘Madras Modern’: An ongoing show explores the last bastion of Indian modernism
‘Minor Detail’: A group show interprets the meaning of home She goes on to describe how Paniker’s pedagogy opened avenues for technical and creative explorations that became a hallmark of the school, contributing towards the development of the art movement in Madras (now Chennai). Though the movement was named after the city, its fabric was determined by artists coming in from the four southern states—Tamil Nadu, Kerala, Andhra Pradesh and Karnataka that made up the erstwhile Madras Presidency—thus bringing in different approaches and visual vocabularies.
12.07 / 20:02
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Stock market update: Nifty IT index advances 1.17%
Shares of Coforge Ltd.(up 2.46 per cent), Wipro Ltd.(up 2.06 per cent), Infosys Ltd.(up 1.91 per cent), Tata Consultancy Services Ltd.(up 0.99 per cent) and HCL Technologies Ltd.(up 0.82 per cent) ended the day as top gainers in the pack.
12.07 / 20:01
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View: Indian banks know climate is their biggest threat
Reserve Bank of India reviews the stability of the country’s financial system. Its latest report made for good headlines: The proportion of loans that have gone sour is at a multiyear low, and likely to decline further. But buried in the report is a warning from the very institutions the central bank is charged with regulating. Market participants responded to a survey asking what they saw as the biggest contributors to systemic risk. While they downplayed the usual concerns — asset quality, interest rate risk, capital outflows — one particular threat loomed larger than ever before: climate change. In fact, respondents named it for the first time as the greatest source of systemic risk to the Indian financial system. They’re not wrong to worry. It isn’t just that India, according to the Network for Greening the Financial System, will see sharply lower growth unless temperature rises are controlled. That growth will be more variable and subject to sharper shocks, including those from weird weather and delayed monsoons. This worries the country’s financial arteries; so does the uncertain fate of sectors such as construction, cement and energy, to which they are deeply exposed.
12.07 / 20:01
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Stock market update: Fertilisers stocks up as market rises
The Fertilisers and Chemicals Travancore Ltd.(up 3.55%), Mangalore Chemicals & Fertilizers Ltd.(up 3.51%), Chambal Fertilisers & Chemicals Ltd.(up 3.23%), National Fertilizers Ltd.(up 2.98%), Rama Phosphates Ltd.(up 2.91%), Rashtriya Chemicals & Fertilizers Ltd.(up 1.98%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 1.93%), Zuari Agro Chemicals Ltd.(up 1.69%), Paradeep Phosphates Ltd.(up 1.63%) and Madras Fertilizers Ltd.(up 1.40%) stood among the top gainers.
12.07 / 20:01
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KBC Global Ltd has handed over possession of 109 Residential cum commercial units across its projects in Nashik
Nashik (Maharashtra) [India], July 9: KBC Global Ltd ( Previously known as Karda Construction Limited ) BSE - 541161, a prominent player in the construction and real estate development sector has handed over possession for 100 plus residential cum commercial units in its various ongoing projects in Nashik, Maharashtra. The group has handed over possession for total of 109 units from April 2024. Company handed over 76 units of Hari Kunj Mayflower Project, 19 units of Hari Krishna Phase IV projectOut of the total units handed over during the period, the company has handed over possession of 76 units of the project Hari Kunj Mayflower (MAHARERA Reg no: P51600020249), a residential cum commercial project situated at Karmayogi Nagar, Nashik ,Maharashtra - 422 009.
12.07 / 20:01
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‘Happy Birthday, Mahi’: MS Dhoni receives special video call from young India cricketer from Zimbabwe
IPL 2024 season.In an earlier interaction with The Times of India, Ruturaj had talked about the things he learned from MS Dhoni. He said, "Being neutral is something that I have learnt from Mahi bhai.
12.07 / 19:57
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There is a ring of truth to tariff hike
telecom companies, among the fiercest price warriors, have finally seen the light. They are raising tariffs, hoping Indians hooked on to prodigious amounts of data at dirt cheap rates won't be able to kick their browsing habit. It is a calculated gamble by Reliance Jio, Bharti Airtel and Vodafone Idea to raise revenue per subscriber to fund network expansion.
12.07 / 19:57
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India looks to match world average for share of women in workforce
India is readying a blueprint to enhance the participation of women in the national workforce to the global average, which the government considers crucial to achieve its developed nation goal by 2047. Proposals under consideration include incentives to create employment, development of the care economy, and enabling easier access to finance to encourage more women to join the labour force, said people aware of the deliberations. Discussions have commenced between the ministries of women & child development and labour & employment, as well as the Niti Aayog on possible interventions, they said. The budget to be introduced this month could capture some of these ideas.
12.07 / 19:56
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Several fans injured during T20 World Cup victory parade in Mumbai
Marine Drive for the victory parade of the T20 World Cup-winning Indian cricket team, were injured and some faced trouble breathing on Thursday, according to Mumbai police. An eyewitness, Ravi Solanki shared his experience with and said, «I was coming from the office and came to know that the Indian team would reach here between 5 pm-6 pm which did not happen. The crowd kept increasing. The police were not managing the situation. People suddenly started shouting, after which some people fell on each other. It was very unorganised. There was nobody to manage. The incident happened between 8:15-8:45 pm.» A victim, Rishab Mahesh Yadav, who fell unconscious during the victory parade tol ANI, «The crowd was increasing. I fell and got choked. I became unconscious. I was taken to the nearby hospital, where I received treatment. I feel fine now. The crowd was more than necessary. There was mis-mamagement. The police were also not alert.»
12.07 / 19:53
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Accenture acquires third firm in silicon design with Cientra
Accenture announced its third acquisition in the semiconductor silicon design and engineering services space with US-headquartered Cientra. Accenture will absorb Cientra's approximately 530 engineers and practitioners entirely to Accenture’s Advanced Technology Centers in India, Accenture said in a statement.
12.07 / 19:53
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PM Modi's visit to Austria will 'allow broadening the scope of our partnership': MEA
Foreign Secretary Vinay Kwatra expressed confidence and said that this trip would help us broaden the scope of our partnership, along with helping to address issues of regional and global importance of mutual interest «The visit, we are confident, will allow us to discuss various areas of importance in bilateral engagement as well as issues of regional and global importance of mutual interest and help broaden the scope of our partnership,» said Foreign Secretary Vinay Kwatra on PM Modi's first visit to Austria.
12.07 / 19:50
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India's Rudram-1 Missile: How does it stack up against global competitors?
India has successfully test-fired its first indigenous anti-radiation missile, the Rudram-1, developed by the Defence Research and Development Organisation (DRDO) for the Indian Air Force (IAF). This significant achievement underscores India's progress in developing advanced defense technologies crucial for modern warfare.
12.07 / 19:44
testing
IAF Agniveervayu Recruitment 2024: Registration begins. Check direct link, qualification, process to apply & other details
Indian Air Force has opened the online application process for Agniveervayu (02/2025), inviting unmarried Indian male and female candidates to apply by July 28, 11:00 PM, with the selection test scheduled for October 18, 2024. Interested candidates can apply through the official website agnipathvayu.cdac.in. According to the official announcement, «The Indian Air Force invites ONLINE applications from unmarried Indian male and female candidates for the selection test starting from 18 October 2024 to join the IAF as an AGNIVEERVAYU. The number and employability of female candidates will be determined based on service requirements.»
12.07 / 19:41
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Ravi Shastri wants fewer test teams, MCC chief backs T20 in changing landscape
test cricket to six or seven teams and using the 20-overs format as the vehicle to spread the game were some of the views aired at a symposium organised by the Marylebone Cricket Club (MCC) on Sunday. Test cricket's dwindling appeal outside India, England and Australia has coincided with the proliferation of lucrative T20 leagues across the world. Although test cricket at the top level still often produces drama, the brevity and action-packed nature of 20-overs cricket has quickly made it the preferred format for the game's new fans.
12.07 / 19:37
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Centre gives in-principle nod to setting up coal-based thermal power plant in Uttarakhand
TUECO, a joint venture of UJVN Limited and THDC India Limited, to set up a coal-based thermal power plant in Uttarakhand, according to an official statement. The Central Electricity Authority had previously recommended the supply of coal to Uttarakhand for the purpose of generating 1,320 MW of thermal power under the SHAKTI policy. While requesting the central government for allocation of coal in April 2024 under the Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India (SHAKTI) policy, Chief Minister Pushkar Singh Dhami had said the state government was willing to set up a coal-based thermal power plant in the state. The central government has given in-principle consent to the establishment of thermal power plant through THDCIL-UJVNL Energy Company Limited (TUECO), an official release here said.
12.07 / 19:34
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2020
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Top transformer stocks in India ranked by order book
transformer market is on track for a significant surge, projected to reach $38.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.1%, driven by technological advancements and increasing electricity demand. The growth in renewable energy, particularly in solar and wind power, is significantly boosting demand for 100-500 MVA transformers. Moreover, the Indian government initiatives aimed at grid upgrades and the integration of cutting-edge technology are propelling the power transformer industry forward.
12.07 / 19:33
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Yuvraj Singh was happy Abhishek Sharma got out for a duck in India vs Zimbabwe T20I match
cricket fans lamented, one person was happy that Abhishek got dismissed for zero. It was Yuvraj Singh.Yuvi has played a major role in Abhishek’s young career and always backed him even during his hard times. Soon after Abhishek was awarded the Player of the Match for his blistering hundred, he made a video call to his mentor."Very proud! Well done, very proud.
12.07 / 19:33
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Income tax cuts in Budget: A half-hearted recipe to fix India’s consumption woes
₹5 lakh in the preceding year, and another 36% (or 24.1 million) fell under the ₹5-10 lakh range. That makes individuals with gross income of less than ₹10 lakh per year the most dominant tax base for the government.
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