India Financial News

₹5,500 crores through an initial public offering, Mint reported earlier this month. The company is seeking a valuation of about $7 billion. Ola Electric has surged past the 40% market share milestone in electric two-wheeler sales, fuelled by substantial discounts and a broad selection of competitively priced e-scooters across price ranges.

India overcame a shaky start in the T20 World Cup final to score 176-7 against South Africa, setting the Proteas up for a 177-run chase. The men in blue lost captain Rohit Sharma early, with the Mumbai man gone after scoring just nine runs off five balls.

Ola Electric plans to invest $100 million (about Rs 834 crore) in the first phase of building its gigafactory for producing lithium-ion battery cells, founder Bhavish Aggarwal said on Saturday. He added that Ola’s electric scooters will feature the locally-produced battery cells as early as next year.

Ravi Agarwal, a 1988 batch Indian Revenue Service (IRS) officer from the income tax cadre as the new chairman of the Central Board of Direct Taxes (CBDT).

UK's Opposition Labour Party, hoping to win a mandate to form a government after the July 4 general election, has committed itself to stamping out anti-India sentiments within its ranks and building a strong strategic partnership with the Prime Minister Narendra Modi-led administration. 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.

India's goods and services exports are expected to cross USD 800 billion this fiscal despite global challenges, Commerce and Industry Minister Piyush Goyal said on Saturday. In 2023-24, the shipments stood at USD 778.2 billion (goods USD 437.1 billion and services USD 341 billion).

T20 World Cup 2024 championship. India aims for its second T20 title following a decisive 68-run victory over reigning champion England. South Africa, appearing in its first T20 World Cup final, hopes to make history.

HT quoted Hussain as saying on Star Sports.Often referred to a player for backing his teammates, Rohit has been lauded for creating a healthy atmosphere in the Indian dressing room. However, he hasn't shied away from giving them a mouthful on the cricket field.Hussain noted that Rohit's bonding with the junior cricketers proves how good an atmosphere he has created in the changing room.

Rohit earlier said.Well, Indian fans would love to believe so.

India vs South Africa Live Score UpdatesIndia took apart the defending champions England in the semi-final clash on June 27 to find a place in the penultimate clash on Saturday. Meanwhile, South Africa made a spot in the finals by defeating Afghanistan by 9 wickets in their semi-final clash.Ahead of the final clash between the two best teams of the tournament, social media has been filled with various reactions, from users recounting the 2011 World Cup win to wishing Virat Kohli makes a comeback in the crucial clash.One user, while poking fun at Virat Kohli's T20 World Cup 2024 form so far, compared how Rohit Sharma and team management would be preparing the veteran batter for the final clash.

How many people actually know about the NSS?: While everyone knows about the Census, the NSS seems to be largely mentioned only in circles of statisticians and researchers, and we hear of it when reports are released or when the veracity of public data-sets is questioned. More than the data itself, let me draw attention to the NSS region framework that rarely gets discussed.

Concorde, a Bengaluru-based real estate developer has acquired a 1.6-acre land parcel located on Sarjapur Road, Bengaluru. Set to be a premium residential complex, this joint development will have a gross development value (GDV) of Rs 200 crore. In March, Concorde acquired a 4.5 acre land in Thanisandra, Bengaluru. The strategic acquisition was facilitated by real estate consulting firm, Colliers India, and marks a significant milestone for Concorde as it continues to expand its footprint in the city.

T20 finals, former England cricketer Michael Vaughan said if Rohit Sharma-led Team India manages to win in the final match of the T20 World Cup 2024, then the Men in Blue will go on a 'trophy winning spree'. The Men in Blue will take on South Africa in the final match of the T20 World Cup 2024 at the Kensington Oval in Barbados on Saturday. The Men in Blue will be aiming to end their drought for an ICC trophy since 2013's Champions Trophy and also win their first T20 World Cup since 2007's inaugural edition in South Africa.

government panel on Saturday recommended Challa Sreenivasulu Setty's name for the position of chairman of the State Bank of India (SBI), after meeting with three candidates for the post. «Financial Services Institutions Bureau interfaced with 3 candidates on June 29, 2024 for the position of Chairman in State Bank of India,» the panel said in a release. The Bureau added that taking performance and experience into consideration, Setty was their choice for the job.

Congress leader Jairam Ramesh on Saturday slammed Prime Minister Narendra Modi over a news report that the Adani Group has «selected eight Chinese companies to help» its solar manufacturing project and called for a strategy «to wean India of its dependence on China». He said it has to be ensured that the taxpayers' money does not benefit Chinese companies. In a post on 'X', Ramesh said, «The non-biological Prime Minister infamously told the nation on June 19, 2020, after the Galwan clashes that 'Na koi hamari seema mein ghus aaya hai, na hi koi ghusa hua hai (Neither has anyone entered our borders, nor has anyone occupied territories)'.» «However, he shows no hesitation in liberally issuing visas to Chinese workers to help one of his 'tempowallah' buddies,» he said in the post on 'X' while tagging with it a newspaper report about Adani Solar seeking Centre's nod to bring a few engineers from China.

Union Commerce and Industry Minister Piyush Goyal, expressing concerns over the extension of the Interest Equalisation Scheme (IES) for only two months and exclusively for MSMEs. Federation of Indian Export Organisations (FIEO) president Ashwani Kumar highlighted that the scheme has so far benefitted not only MSMEs but also merchant exporters and large manufacturing companies at a lower rate of two per cent for 410 tariff lines, covering labour-intensive products. The current scheme, valid till June, provides pre and post-shipment rupee export credit, offers a two per cent interest equalisation rate for manufacturers and merchant exporters dealing with specified 410 export items, and a higher rate of three per cent for MSME manufacturers exporting under any of these items.

Public Provident Fund (PPF) is one of the most popular savings vehicles. Individuals can only keep one PPF account, except an account created on behalf of a minor. Investment in PPF is risk-free since the government backs it, the interest rates are favourable, and many tax breaks allow you to save on income taxes. PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi, NSC, other small savings schemes' rates announced for July-September 2024 quarter

Rahul reached out to Priyanka on Shaadi.com. In his introductory message, Rahul highlighted his substantial salary of Rs 70 lakhs per annum and expressed optimism about their compatibility. «Hello, I'm Rahul, a software engineer from Bangalore. I came across your daughter's profile on Shaadi.com. Currently earning 70LPA CTC, I believe we would get along well,» he wrote.

Sensex and Nifty 50 trading at highs, concerns about an impending stock market crash or significant decline are natural. This fear intensifies considering the substantial rise in midcap and smallcap stocks over recent years. The stock market operates based on collective investor sentiment. Positive news boosts stock prices, while negative sentiment drags them down.

India vs South Africa Live Score UpdatesGanguly also stated that 3-4 games do not make Virat Kohli a weak player and one should not rule him out for the final clash against South Africa. Speaking about Virat Kohli in a press conference, Ganguly said, "Don't even talk bout Virat Kohli. He's a once in a lifetime player.

Indian Railways achieved another milestone on Friday with the successful trial run of High-Speed CRS on the famed Chenab Bridge, the world’s highest railway bridge, in Jammu and Kashmir. This trial run marks a significant step towards commencing rail operations on the Reasi-Baramulla route in Kashmir. Earlier, after conducting its first trial run this week, the Ministry of Railways had said: «After an extensive inspection of the newly constructed Chenab Bridge by senior officers from Railway Board, Northern Railway, and Konkan Railway, a trial run was conducted on a 46-km-long electrified line section between Sangaldan in Ramban district and Reasi at a speed of 40 kmph.» The trial, starting at 12.35 pm from Sangaldan and reaching Reasi at 2.05 pm, covered nine tunnels spanning 40.787 km, including the longest tunnel T-44 stretching 11.13 km. This marks the inaugural full train crossing on the iconic bridge between Dugga and Bakkal stations over the Chenab river, the highest arch railway bridge globally, the ministry said.