India Financial News

Volvo Cars will launch only electric cars in India going forward and not sell petrol and diesel-powered vehicles in the market “beyond the 2030 deadline”, a top executive said. “The new products that we will bring to the market will be electric,” Martin Persson, head of Volvo Cars for the Asia Pacific (except China) region, told ET. “We still have the ICE (internal combustion engine) products and we think they are competitive for customers who want that. It is not about taking that away. But, at the same time, the future is pretty clear.” Globally, Volvo Cars plans to go all electric by the end of the decade.

GMR Group has signed up as the principal sponsor of the Seattle Orcas for the upcoming Major League Cricket (MLC) season. Seattle Orcas is one of the six franchises in the MLC. As part of this sponsorship agreement, the GMR logo will adorn the arm of the Seattle Orcas' jerseys throughout the season. Additionally, GMR Group will leverage various rights associated with the sponsorship, including LED board displays, award presentations, toss mats, and ticket allocations. Furthermore, with Jio TV serving as the broadcaster in India, GMR Group will have access to advertising spots, enhancing visibility and engagement across international markets.

Droupadi Murmu, Prime Minister Narendra Modi and Odisha Chief Minister Mohan Charan Majhi on Sunday wished the people on the occasion of Rath Yatra of Lord Jagannath. The President, in X posts in Odia and Hindi, greeted people on the auspicious day. «I extend my heartiest greetings to all people of our country on the occasion of the world-famous Rath Yatra of Mahaprabhu Shree Jagannath. Countless Jagannath lovers of the country and the world are eagerly waiting to see three deities on the chariot today,» she said. Notably, President Murmu is in Odisha and is scheduled to witness Rath Yatra in Puri this afternoon.

global power, US ambassador to India Eric Garcetti said in an interview. The North American country is investing locally and joining hands with allies such as India to ensure a free and open Indo-Pacific region while competing with China, he said. Pointing to the situation in Ukraine, the diplomat said the war has demonstrated to the world that developments in one region directly affect security elsewhere and partnerships around the world are crucial to addressing interconnected challenges.

Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, has reduced its stake in Reliance Industries, Bharat Heavy Electricals from its portfolio in June. On the other hand, it added more of ITC to its portfolio. The largest flexi cap fund sold around 12.33 lakh shares of Motilal Oswal Financial Services, 3.14 lakh shares of UTI AMC, 1.30 lakh shares of TCS and 92,750 shares of Hindustan Copper in June. The fund sold 78,750 shares of Bharat Heavy Electricals and 45,000 shares of IndusInd Bank from its June portfolio. The fund reduced its stake in Tech Mahindra and Reliance Industries by selling around 18,600 and 16,500 shares respectively in June.

Prime Day sale, suggesting that the phone will go on first sal either on July 20 or July 21.Rumours suggest that the iQOO Z9 Lite could be a rebranded version of the Vivo T3 Lite, which was launched in India last month. If that turns out to be true, the iQOO Z9 Lite could feature a 6.56-inch HD+ LCD display with a 90 Hz refresh rate.

India vs Zimbabwe Live Score, 2nd T20I: After suffering a shocking defeat at the hands of hosts Zimbabwe in the 1st T20 clash in Harare, Shubman Gill and Co. would be looking to stage a comeback in the 5-match series by winning the match today.

terrorists have been neutralised and two Indian Army soldiers were killed in action in separate encounters with terrorists in Jammu and Kashmir's Kulgam district, defence officials said on Sunday. According to officials, two separate encounters broke out in Kulgam district on Saturday and were ongoing. The first encounter broke out between terrorists and security forces in Modergam village. Hours later, another encounter broke out in the Frisal Chinnigam area of the district.

Hyderabad with large number of fans turning up to the airport to shower the pacer with love and support. After arriving in Hyderabad, Siraj told reporters, «We had to wait 11 years for this moment so I am really happy.» India's 7-run triumph in Barbados over South Africa was their first ICC trophy in 11 years. Before this success, India stood victorious in the ICC Champions Trophy in 2013 under the leadership of MS Dhoni.

Mint Primer: The fallout of India's unpredictable farm trade policy According to one of the officials, the ministry’s budget proposals include the introduction of digital cards for farmers with geo-tagging under the PM-KISAN scheme, increasing the agriculture infrastructure fund, a push to clean plant programme for horticulture crops, including grapes and lemons, and building a team of 90,000 Krishi Sakhis (women associates in the farm sector). However, there is no proposal as of now to increase farmers' income support under PM-KISAN, the official mentioned above added.

Finance Minister Nirmala Sitharaman is set to present the Union Budget on July 23 in Lok Sabha. The Parliamentary session for the Budget will commence on July 22 and continue till August 22. The NDA government’s first Budget is expected to focus on sustaining economic growth with impetus to job creation, with an eye on maintaining the fiscal deficit target. All eyes are now on the Finance Minister as people eagerly await the announcement of policies and initiatives that align with their interests.

Motilal Oswal Nifty India Defence Index Fund collected Rs 1,676 crores during the New Fund Offer (NFO) period between June 13 and 27, Motilal Oswal Asset Management Company (AMC) said in a release on Thursday. Units were allocated on July 3 in the newly launched defense-themed fund and the scheme will reopen for further subscription and redemption from July 9.

GAIL (India) Ltd. traded 0.45 per cent down at Rs 229.45 on Tuesday at around 11:41AM (IST), while the benchmark BSE Sensex advanced 293.8 points to 80254.18. As many as 1,171,790 shares changed hands on the counter with a total value of Rs 27.12 crore.

Labour Party in a parliamentary election, the party will come to power after 14 years under its leader Keir Starmer. The center-left party's stance on India has traditionally leaned towards separatist movements. While it had backed the separatist movement in J&K, many of its leaders are known for promoting Khalistan. The party's resolution during an annual conference under former Labour leader Jeremy Corbyn in favour of international intervention in Kashmir was widely seen as having cost it British Indian votes in the 2019 general election. The Labour Party has been seen as «anti-India» by many. In 2021, it was branded “divisive” and “anti-India” by many in the Indian diaspora after a party leaflet for a by-election in northern England used an image of Prime Minister Narendra Modi. The leaflet showed Modi in a handshake with then Conservative Party Prime Minister Boris Johnson at the G7 Summit in 2019 with the message “Don't risk a Tory MP who is not on your side”. It triggered furious reactions across social media after Tory MP Richard Holden posted an image of it on Twitter, questioning whether it implies that Labour Leader Sir Keir Starmer would not be seen in a handshake with the Indian Prime Minister.

Budget date: Narendra Modi’s first Budget of his third term, to be presented on July 23, will see Finance Minister Nirmala Sitharaman leveraging revenue growth and a record dividend from the Reserve Bank of India. The focus will be on infrastructure investment and targeted spending for the middle class, women, and the agricultural sector. Besides showcasing economic resilience, the government plans to introduce reform measures that bypass the need for legislative approval. “Hon’ble President of India, on the recommendation of Govt of India, has approved the proposal for summoning of both the Houses of Parliament for the budget session, 2024 from 22nd July, 2024 to 12 August, 2024 (subject to exigencies of parliamentary business). Union Budget 2024-25 will be presented in Lok Sabha on 23 July, 2024,” parliamentary affairs minister Kiren Rijiju said in a post on X.

Sonowal rushed to take stock of the flood situation plaguing the greater Dibrugarh region and review the relief operations undertaken by the government for the benefit of the flood affected people. Sonowal visited the flash flood affected areas of Dibrugarh city including Graham Bazaar, AT Road, HS Road, RKB Path, Mancotta Road, Thana Chariali, Jhalukpara. Sonowal also visited and reviewed the embankment sites at Tengakhat and Hatibandha. Dibrugarh is one of the worst affected districts. Sonowal also visited the relief camp of flood affected people at Tengakhat. Sonowal assessed the condition of flood-affected individuals, spoke with them to evaluate the material damage. Sonowal instructed the District Commissioner to maintain cleanliness in the shelter camps and implement measures to prevent disease outbreaks. Sonowal also directed that medical treatment be provided at the camps and emphasized giving special attention to the elderly, women, and children.

Heavy rains triggered landslides and flash floods killing at least 11 people in the last 36 hours in Nepal and blocking key highways and roads, officials said on Sunday. Eight people were missing, either washed away by floods or buried in landslides, while 12 others were injured and being treated in hospitals, police spokesperson Dan Bahadur Karki said. «Rescue workers are trying to clear the landslides and open the roads,» Karki told Reuters, adding heavy equipment was being used to clear debris.

JP Nadda chaired the first executive committee meeting of the National One Health Mission on Wednesday. He said the mission will help India achieve integrated disease control and pandemic preparedness by institutionalising the 'One Health' approach, the health ministry said in a statement.

artificial intelligence playing a pivotal role, companies are moving beyond a one-size-fits-all model of learning to ensure that employees are skilled in the emerging technology. Internal platforms remain key to delivering learning programmes, but opportunities for practical hands-on experience on the metaverse, learning sessions with experts from Google and Microsoft, and personalised programmes from edtech firms among others are also being offered by companies to help employees get trained in AI. With about 420,000 employees engaged in AI-related job functions, India has the second largest installed talent base in this segment globally, according to a report earlier this year by IT industry association Nasscom and the Boston Consulting Group.

₹32,999.Oppo Reno 12 is priced at ₹32,999 for the 8GB RAM/256GB storage variant. Meanwhile, the Reno 12 Pro is priced at ₹36,999 for the 12GB RAM/256 GB storage variant and ₹40,999 for the 12GB RAM/512GB storage variant. Reno 12 will be available from July 25 while the Reno 12 Pro will be available from July 18th onwards.