India Financial News

Upon receiving the information, around three fire tenders rushed to the spot. «Around 5.30 am, we received a call regarding a roof collapse at Terminal-1 of Delhi airport. Three fire engines have been rushed to the spot,» says an official from Delhi Fire Services.

IPO of Allied Blenders and Distillers was subscribed 23.55 times on Thursday, its final day of bidding. The retail investor category of the issue was subscribed 4.51 times while the qualified institutional investors category was subscribed 50.37 times.

Selecting a health plan for kids with special needs Khare has decided to appoint herself, her husband, and two close relatives as trustees to look after her son. "The second line of trustees could be sons and daughters of our siblings, but we never know who would move abroad or stay in India. or be in the same city where my son lives.

Sensex jumped 568.93 points, or 0.72%, to close at 79,243.18, while the Nifty 50 settled 175.70 points, or 0.74%, higher at 24,044.50.Nifty 50 formed a long bull candle on the daily chart, which is four similar back-to-back candles in the last four sessions. Also Read: Indian stock market: 8 things that changed for market overnight - Gift Nifty, US jobless claims to SEBI board decisions“After the formation of a bullish pattern like ‘three advancing soldiers’ on Wednesday, Nifty continued to surge higher.

Going by the Reserve Bank of India’s (RBI) latest Financial Stability Report released on Thursday, banks are nice and stable. Bad loans as a proportion of overall loans are at multi-year lows, with their gross ratio standing at 2.8% in March 2024, which could decline further to 2.5% by March next. Their capital buffers have been well over regulatory minimums, and tests show they would be adequate in stress scenarios.

₹18,000 crore as the airline's enterprise value. As a result, it acquired 100% stake in Air India, its subsidiary Air India Express and the entire 50% stake in ground and cargo handling joint venture Air India SATS. Among India's regional aircraft, SpiceJet has 21 De Havilland Canada Dash 8-400s, Alliance Air has a mix of 21 ATRs and one Dornier, and Indore-based Flybig has three de Havilland Canada DHC-6 Twin Otter aircraft.

Stock market experts are predicting a robust premium for the Stanley Lifestyles IPO listing price, given the overwhelming response from primary market investors. Positive sentiments on Dalal Street are also expected to bolster the bull's sentiment regarding Stanley Lifestyles' share listing.

Sensex jumped 568.93 points, or 0.72%, to close at 79,243.18, while the Nifty 50 settled 175.70 points, or 0.74%, higher at 24,044.50.“The upmove in the markets has been gradual so far (except for the last 4 days) as participants are wary of the high valuations. They are also afraid of a sharp bout of profit taking which has not happened so far.

India vs England Semi-finals Highlights: India to play finals with South Africa on 29 June|In the video circulating on social media, a visibly emotional Rohit can be seen sitting on a chair in what appears to be outside the Indian dressing room as many Indian players including Virat Kohli, Kuldeep Yadav and Arshdeep Singh walk past him.In Thursday's clash, England won the toss and asked the Men in Blue to bat first in Guyana. During the first innings, India were under pressure as they lost the wicket of opener Virat Kohli in just the third over of the match, followed by the departure of Rishabh Pant during the powerplay.Suryakumar Yadav and Rohit Sharma then put on a 73-run partnership to take India past the danger line and past the 100-run mark.

NEW DELHI : Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Despite arriving early, the annual monsoon rains have been deficient in June so far, while the government has imposed stock limit on wheat to control price rise. The Adani Group is planning to nearly double its capital expenditure in 2024-25.

Buy or sell stocks for today: Despite weakness in the global markets, the Indian stock market continues to scale northward on Thursday. The Nifty 50 index ended 175 points higher at the 20,044 mark after climbing to a new peak of 24,087.

banks are well capitalised and capable of absorbing macroeconomic shocks, with lenders likely to report higher-than-required capital ratios even under the most severe stress scenarios, the Reserve Bank of India (RBI) said. «Under the baseline scenario, the aggregate CRAR (capital to risk weighted asset ratio) of 46 major banks is projected to slip from 16.7% in March 2024 to 16.1% by March 2025,» the RBI said in its June 2024 Financial Stability Report.

household debt, having already raised the risk weighting on unsecured retail exposure to moderate the pace of credit expansion in a loan segment that could prove vulnerable in the future. «With overall household savings declining to 18.4% of GDP (gross domestic product) in FY23 from an average of 20% of GDP over 2013-2022, and coupled with an increasing trend in financial liabilities, household debt warrants close monitoring from a financial stability perspective,» the Reserve Bank of India (RBI) said in its latest Financial Stability Report released on Wednesday.

Reserve Bank of India has expressed concerns over risks arising from financial institutions' dependence on artificial intelligence and third-party information technology. This risk could intensify in tightly interconnected institutions, the central bank said in its bi-annual Financial Stability Report. A major cyber incident in these IT service providers may in turn impact multiple regulated entities simultaneously, causing a cyberattack on a system-wide level. «In the recent past, multiple incidents involving payment and settlement systems have led to significant disruptions in interbank transactions and payment failures,» the report stated.

«The index would have the next target of 24500 level, as mentioned earlier, with 23500 zone maintained as the support as of now,» said Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladher.

online gaming platforms is acting as a driver of illegal betting and gambling activity in India which is expected to grow at 30% in coming years, according to a new study. According to Delhi-based policy think tank Centre for Knowledge Sovereignty (CKS), in India, despite regulatory restrictions, the illegal better market receives an estimated $100 billion per annum in deposits.

semiconductor design company Synopsys will help Tata Electronics ramp up designing of custom semiconductor products, help in factory automation, data analytics, computer-aided design and supply product design kits, and develop intellectual property for chip fabrication, chief executive Sassine Ghazi told ET. Ghazi met Tata Electronics CEO Randhir Thakur and Tata Sons chairman N Chandrasekaran in Mumbai. He also held talks with Ola Cabs chief Bhavish Aggarwal in Bengaluru.

HCL Tech, Polycab, SAMHI Hotels, Archean Chemical, Ambuja Cement among others due to various news related developments. India Cements Ace investor Radhakishan Damani and related entities sold around 6.91 crore shares or about 24% stake in India Cements through a block deal to Ultratech Cement.

India Cements is in advanced talks with Bank of America (BofA) and Nomura to raise up to ₹500 crore in bonds, with each investing ₹250 crore. The bonds, which could be raised at more than a 15% coupon, will be used to fund both working capital and capital expenditure, said two sources aware of the development. «India Cements is in advanced discussions with BofA and Nomura to raise the debt by issuing bonds, which could be borrowed at 15%,» said a source.

Quant Mutual Fund said the fund house has not received any 'communication' from the Securities and Exchange Board of India (Sebi) after initial inquiries. In an email communication to investors on June 27, the fund said the net redemptions from its schemes in the past three days was 1.5% of the equity assets under management of ₹88,270 crore as of June 26. Quant schemes had liquid assets, which include large-cap stocks, T-bills, G-Secs, gold, and silver, worth approximately 53.5% of their total equity AUM, the asset manager said. The regulator is probing Quant, one of the country's fastest-growing asset managers, for alleged front-running — an illegal practice of trading in stocks based on privileged information. The capital markets regulator, as part of its investigation, has conducted search and seizure operations at Quant's head office in Mumbai and at the address of the suspected beneficiaries in Hyderabad. The fund house, owned by Sandeep Tandon, confirmed the Sebi investigation without giving details.

England's lethal batting order to win their semi-final clash by 68 runs. The Men in Blue set a 172-run target for the Three Lions despite losing early wickets. England captain Jos Buttler won the toss and chose to send India out to bat first, with the Rohit-led side managing a 171 run total on the back of sublime performances from the captain and Suryakumar Yadav. All-rounder Hardik Pandya smashed a late 16-ball 23 to set up the chase. Chris Jordan was the stand out performer for the Brits, grabbing three wickets in just as many overs, giving away only 37 runs. Rohit Sharma hit a half-century for India [57 off 39], while Suryakumar Yadav fell just short [47 off 36].