India Financial News

Lok Sabha is set to turn stormy with INDIA bloc deciding to move adjournment motions on Friday to discuss NEET paper leak. The Opposition will move the motions under Rule 267. The decision was taken at a meeting of floor leaders of INDIA bloc parties held at the residence of Congress president Mallikarjun Kharge on Thursday. The Opposition parties unanimously decided to raise NEET, Agniveer, unemployment and other issues in Parliament. According to sources, a uniform strategy will be employed in both Houses. Both Houses are scheduled to debate the motion of thanks to the President's address on Friday. While Rajya Sabha's business advisory committee has allotted 26 hours for this discussion, the Lok Sabha is likely to allot a similar time. The business advisory committee of the Lok Sabha has not been formed yet.

social sectors Thursday called on finance minister Nirmala Sitharaman, who chaired the customary pre-Budget consultation meeting, to further step up focus on health and education. They argued such a move will not just lead to greater ease of living but also bolster the economy's productive capacity. Some of them also called for raising the budgetary spending on these critical social sectors, said a person aware of the deliberations. The full Budget for FY25 will be presented next month.

electric vehicles, will go up substantially as the world shifts to cleaner energy sources to mitigate climate change, according to Hindustan Copper Chairman and Managing Director Ghanshyam Sharma. By transitioning from fossil fuels to renewable energy sources like solar, wind, hydro, and geothermal, greenhouse gas emissions can be reduced significantly. «As the world transitions to cleaner energy sources...the demand for copper will increase significantly as a vital component in electric vehicles and renewable energy technologies such as solar panels, wind turbines etc,» the CMD said in a recent message on the company's website. He further said the company has been given the charge of utilisation of the nation's copper resources in an efficient and sustainable way.

monsoon has covered more than three-fourths of the country and it is set to cover the entire country on time for the planting season despite stalling earlier this month, two senior weather officials said on Thursday. Summer rains, critical for economic growth in Asia's third-largest economy, usually begin in the south around June 1 before spreading nationwide by July 8, allowing farmers to plant crops such as rice, cotton, soybeans, and sugarcane. «Monsoon is advancing quickly in northern India and will cover the entire country on time,» said an official of the India Meteorological Department (IMD), who spoke on condition of anonymity as he was not authorised to speak to the media.

India is keen to fast-track longstanding talks with Sri Lanka on setting up a power grid link between the two neighbours for electricity trading, especially renewable energy. The aim is to eventually sign a memorandum of understanding between state-owned Power Grid Corporation of India and Sri Lanka's Ceylon Electricity Board, said people familiar with the matter. «Discussion is still going on with the Sri Lankan government on the grid connectivity project,» an Indian government official said. The grid connectivity project is being planned through both overhead and under-sea cables, a second official added. Power Grid didn't respond to ET's queries.

nuclear arsenal has emerged as a concern for many stakeholders and has threatened global peace. There is also an increasing cost associated with building, maintaining and expanding this weaponry. A report published by the International Campaign to Abolish Nuclear Weapons (ICAR) noted that countries spent £72.2 billion on their nuclear arsenal in 2023. This indicated a rise in spending to the tune of £18.1 billion or an increase of 34% as compared to 2022. This amount indicates that around £ 198 million was spent every day, £ 8.2 million a hour, £137,000 a minute and £2288 a second.

Talking about WiFi tablets, you can only access the internet through these tablets when they are connected to a Wifi connection; which means that they do not support SIM cards. These tablets can be quite useful while traveling or for places with a stable internet connection. If you have been planning to buy a similar tablet, then look further as this article includes a list of the best WiFi tablets available in India.

Raghuvanshi on Thursday said the risk-based inspections based on revised Schedule M of the Drugs and Cosmetics Act will begin from July 1. «We will make a framework (for the risk-based inspection). We will switch the checklist and the questions which we look at when we go there (for audits),» Raghuvanshi said on the sidelines of an Indian Pharmaceutical Alliance (IPA) event. Raghuvanshi said there would be surprise inspections, which would take 3-4 days.

cement sector, say watchers, may intensify with the Adani group announcing ambitious future expansion plans, but for now, the Kumar Mangalam Birla group has seemingly consolidated its position with a 23% stake in India Cements, expanding its footprint in the country's biggest regional market with among the highest per capita incomes. While the Adani group has unveiled a $3-billion war chest aimed at expanding through acquisitions in the cement sector, the significant gap between the Birla group and its nearest competitor remains a formidable challenge. UltraTech's annual organic capex has been estimated to be $1-1.2 billion. «It has been Birla group's strategic initiative and efforts over 36 years to get UltraTech to reach the 100 MTPA capacity. In fact, 50 MTPA has been added in just 5 years and in the last 12 months alone, UltraTech has added about 19 million tonnes of capacity. Leadership position is not an overnight development,» said an official close to the development.

Influenced by social media celebs, she now has an in-depth five step skin care regimen, which changes for the day and at night. Singh is not alone. Young India has a new obsession — clinically-backed skincare products. Companies selling cleansers, moisturisers, serums and lotions with claims of being backed by dermatologists, are now drawing a younger consumer base, especially Gen Z users. These youngsters are far more conscious of what goes on to their skin, compared to millennials and Gen X. They no longer chase basic whitening or moisturising creams. That translates to hyaluronic gel as sunscreen, kojic acid to treat dark spots and pigmentation, and snail mucin with peptide complex for smooth and moisturised skin. It is not just that they know what to buy. They have educated themselves on how each active ingredient works on their skin, even at the granular level of being aware of the exact percentage of ingredients used in products.

NEET and UGC-NET paper leak, President Droupadi Murmu emphasised that her government is committed to an impartial probe and will ensure that those involved in the crime are given the severest sentence. In her first address to the joint sitting of Parliament after the constitution of the 18th Lok Sabha, President Murmu also brought up the 1975 national emergency, terming it an attack on the Constitution and a «dark chapter». Her remarks came a day after Speaker Om Birla moved a resolution in the House against the Emergency. The ruling coalition has raked up Emergency as a counter to the INDIA bloc attacking it on the alleged threat to the Constitution under the new regime.

Varun Alagh, founder of Honasa Consumer which owns Mamaearth and The DermaCo, reckons looking young and healthy is the new rich. A decade ago, most youngsters discovered specialised skincare brands through dermatologists. Now, social media influencers do that job. According to Alagh, younger consumers are really into their health, and view skincare as an extension. Edited excerpts from an interview. Why are youngsters so obsessed with their skin care routine now? The emergence of personal voices has led to category education becoming easier. Consumption of social content is leading to the shaping of genuinely good skincare categories. For instance, active ingredients are not something new, but are now getting democratised. Using efficacious active ingredients for skincare and for problem solution and skincare has existed for decades. What was not done earlier is marketing these directly to the consumer. Globally, this realisation came almost 20 years back when brands started to take it directly to consumers. We are seeing this now in India as well.

₹267 apiece, bringing the total deal value to approximately ₹1,885 crore.The promoter group holds a 28.42 per cent stake in India Cements, while renowned investor Radhakishan Damani and his associates own 20.78 per cent of the company's shares.UltraTech added that the expected timeframe for completing the acquisition is one month. The company also noted that the acquisition will be an all-cash transaction.According to Tushar Chaudhari, Research Analyst, Prabhudas Lilladher, competition is expected to increase in the market.

India, 27 June, 2024: The Convergence Foundation, in collaboration with Rohini Nilekani Philanthropies, Centre for Exponential Change, and India Impact Sherpas (knowledge partner), hosted a landmark conference on ‘Creating Systemic Impact’, bringing together development practitioners, thought leaders, and philanthropists to focus on the practices and enablers of systems change.Organisations that adopt the systems change approach—System Support Organisations (SSOs)—work closely with governments at both the central and state levels to create large-scale impact by addressing the root causes of problems rather than applying quick fixes or band-aid solutions. In the keynote address by Rohini Nilekani, Chairperson of Rohini Nilekani Philanthropies, she emphasised, “This decade is one of the most critical decades in human history, demanding inclusive and exponential social change.

Cricbuzz quoted Sehwag as saying.India have remained unbeaten in the T20 World Cup 2024 till now and will face the defending champions England.

Indian stock market: Benchmark indices Sensex and Nifty reached new record high with the Nifty 50 crossing the 24,000 mark for the first time and the Sensex surging above 79,000. The 30-share BSE Sensex concluded the session with a gain of 568.93 points, or 0.72%, closing at the level of 79,243.18.

Chess.com posted on its official blog in December 2022. The platform saw its total users go from 25 million at the beginning of 2020 to 75 million in 2021 to over 100 million users in 2022 globally. While Chess has been integral to Indian culture since ancient times, the sport has today gained popularity worldwide, and is played in almost 200 countries.

Airtel's data centre arm Nxtra has joined the RE100 initiative, a flagship global initiative led by Climate Group in partnership with Carbon Disclosure Project, and has committed to sourcing 100 per cent renewable electricity, the company said on Thursday. Nxtra has the largest network of data centres in India with 12 large and 120 edge data centres across the country. «We are an environmentally responsible brand and have been increasingly adopting clean energy alternatives. We are on a healthy trajectory towards achieving our net-zero goals of 2031 and are happy to become a part of the RE100 initiative with a commitment to 100 per cent renewable electricity,» Nxtra by Airtel, CEO, Ashish Arora said in a statement. According to the statement, Nxtra has become the only data centre organisation in India to have pledged to RE100 and the 14th Indian company to achieve this milestone.

Radhakishan Damani and related entities sold around 6.91 crore shares or about 24% stake in India Cements to Ultratech Cement through a block deal. The total stake sold by Damani and his entities comes to around 24% and the sale was done at an average price of Rs 277 apiece. Through the deal, Damani and his controlled entities bagged around Rs 1,914 crore.

vegetable spending has increased by 25-100% in the last few weeks due to higher prices. Within the last week alone, per kilogram price paid for tomatoes by 2 in 3 consumers has risen from Rs 30 or more to Rs 50 or more. In some states, it has crossed Rs 100/kg. If the monsoon does not deliver better than normal rains during July, when most of the sowing is done in rain-fed areas, or if it rains too much where vegetables are grown, the situation is likely to worsen as far as vegetable supplies and prices are concerned. Local authorities may need to step in to prevent profiteering and the Department of Consumer Affairs may need to intervene via NCCF in making these vegetables available at subsidized prices in districts that are currently experiencing abnormally higher prices, the survey added.

Century Textile& Industries as the company's shares have been showing remarkable resilience over the last 16 months, steadily gaining without any significant pullbacks. From a trading price of ₹608 apiece in February last year, the shares have skyrocketed by 274% to trade at the current trading price of ₹2,275 apiece.Also Read: India's Q1 housing sales rise 5% annually to 1.2 lakh units; demand dips 8%Remarkably, the stock has closed in negative territory for only 4 months with minimal corrections.