India Financial News

Union Budget will see India undertaking many historic economic policies and reforms will be undertaken at a faster pace, President Droupadi Murmu said in her Parliament address. «India is contributing 15 per cent to the global economy. In the upcoming sessions, this government is going to present the first budget of this term. This budget will be an effective document of the government's far-reaching policies and futuristic vision,» Murmu said as she addressed a joint sitting of the Lok Sabha and Rajya Sabha. Along with big economic and social decisions, many historic steps will also be seen in this budget," the President said.

Colgate-Palmolive (India) Ltd. rose 2.01 per cent to Rs 2863.1 in Thursday's trade as of 11:21AM (IST) even as the benchmark Nifty ruled at 23907.05, up 38.25 points. The scrip had closed at Rs 2806.45 in the previous session. The stock quoted a 52-week low of Rs 1667.0 and a high of Rs 3068.95. The company quoted a market-cap of Rs 76808.74 crore on the BSE.

Dr. Reddy's Laboratories Ltd.(up 2.08 per cent), Gland Pharma Ltd.(up 0.91 per cent), Lupin Ltd.(up 0.28 per cent), Alkem Laboratories Ltd.(up 0.16 per cent) and J B Chemicals & Pharmaceuticals Ltd.(up 0.11 per cent) were among the top gainers.

Global Liveability Index 2024. Find out which cities make the cut and why they shine as the best places to call home. For the third year in a row, Vienna, Austria, has been crowned the world's best city to live in. With flawless scores in stability, healthcare, and education, Vienna is lauded for its unparalleled mix of cultural vibrancy and top-notch public services. Meanwhile, according to the report, Pakistan’s Karachi, and Bangladesh’s capital Dhaka are amongst the least liveable cities in the world as they feature in the bottom 10 of the list.

OnePlus Nord CE 4 Lite 5G first impressions: New colours, same processorAccording to tipster Yogesh Brar, the CMF Phone 1 will feature a 6.7-inch Full HD+ LTPS AMOLED display with a peak brightness of 2000 nits (800 nits in high brightness mode) and a variable refresh rate of up to 120Hz. The latest Nothing is likely to have an IP52 rating for splash and dust resistance and an in-display fingerprint sensor.The smartphone is likely to be powered by the MediaTek Dimensity 7300 chipset with support for up to 8GB of RAM and up to 128GB of storage.

expects advertising revenue to touch ₹1,000 crore in the next 12 months. The company's advertising revenue has already hit ₹400 crore. “The advertising business is scaling rapidly and is growing at the rate of 150% year-on-year, driving up margins steadily," Zepto co-founder and chief executive officer Aadit Palicha said in an earlier interview with Mint.

demat accounts.Also Read: Visaman Global Sales IPO price band set at ₹43 per share; SME IPO to open on June 24The initiation of the refund process will start on Monday, April 29, for individuals not given shares. Those allotted will receive their shares in their demat accounts on Monday.Visaman Global IPO listing date is scheduled for Monday, July 1.If you have applied for the Visaman Global Sales IPO, you can do a Visaman Global IPO allotment status check on the website of the IPO registrar, which is Link Intime India Private Ltd.

fixed deposit (FD) interest rates in India have seen an upward trend. Certain banks are now providing rates as high as 8.25% for senior citizens and 7.75% for the general public. Many individuals opt for FDs as a reliable means to secure a consistent income, avoiding the fluctuations often found in stocks or other market-based investments.Unlike equities, where dividends can vary, FDs provide a stable interest rate that remains unchanged from the time of deposit.

Bank Nifty was down by -121.5(-0.23%) at 26 Jun 2024 10:44:56 IST.Other stocks such as Akme Fintrade India, FILATEX FASHIONS, Secur Credentials, Krishival Foods, Allcargo Logistics hit their fresh 52 wk lows today.

Also Read: Nifty Bank hit fresh highs, crosses 53,000 as it continues winning streak for the 4th day in a rowThese four stocks to buy are CE Info Systems, LIC Housing Finance, Ethos and NLC India.Here are the stock recommendations by analysts:CE Info Systems’ (MapmyIndia) growth potential and horizontal nature of services offered make it more comparable to global SaaS players, JM Financial said. It finds the company’s target of achieving over ₹1,000 crore revenue target by FY27 / FY28 achievable and estimates 32% and 32% revenue and EPS CAGR over FY24-28E.

ICICI Bank has issued a crucial advisory regarding the growing threat of fake UPI payment scams, disseminating the warning through its official social media platform, X (formerly Twitter). Alongside the alert, the bank shared a concise instructional video aimed at educating users on how to identify and prevent these scams effectively. In the video, ICICI Bank emphasizes the importance of cautiousness and urges customers not to react impulsively to unexpected UPI payment notifications. The bank advises recipients to carefully verify the received amount before taking any action, as scammers often manipulate figures to deceive users into transferring more money back than they received. According to ICICI Bank's advisory, scammers typically initiate contact with potential victims, claiming to have mistakenly transferred a larger sum via UPI than intended. They then pressure the victim to urgently return the excess amount, exploiting urgency to prevent careful scrutiny of transaction details.

Ponni Sugars(Erode)Ltd.(up 0.71%), Avadh Sugar & Energy Ltd.(up 0.34%) and KM Sugar Mills Ltd.(up 0.24%) were among the top gainers.

Mutual Funds platform about accumulating Rs 15 crore within 15 years, Mayank Bhatnagar, Co-founder and COO of FinEdge, offers strategic insights and recommendations. Mayank's analysis suggests that Robin would need to invest Rs 2,70,000 per month to reach his goal, with his current SIP of Rs 20,000 likely to generate a corpus of Rs 1.1 crore. To bridge the gap, an additional monthly investment of Rs 2,50,000 is required.

₹102.60, which is 90% higher than the issue price of ₹54.Subscriptions for the Dindigul Farm Product IPO opened on Thursday, June 20, and ended on Monday, June 24. Shares in the Dindigul Farm IPO lot size were 2,000.

Kotak Mahindra Bank Ltd and excluding Axis Bank Ltd. Now, Nomura's top large banks include ICICI Bank, State Bank of India, and Kotak Mahindra Bank, all rated 'Buy'.

Allied Blenders and Distillers IPO: As of the third day of the Allied Blenders and Distillers IPO, the initial public offering (IPO) of Allied Blenders and Distillers Limited, which commenced on 25th June 2024, is currently open for subscription until 27th June 2024. This means that primary market investors have a single day left to apply for the public issue.

There are growing calls for a reduction in the repo rate. The argument is not so much that inflation has come down, but that potential growth will get affected. This is contrary to the majority view that as growth is very much on target, with the Reserve Bank of India (RBI) projecting it at 7.2% for the year, monetary policy focus can remain on inflation control.

SpiceJet on June 27 alerted passengers travelling via Delhi and Dharamsala to track their flight for potential delays due to bad weather."Due to bad weather in Dharamshala (DHM) and Delhi (DEL), all departures/arrivals and their consequential flights may be affected. Passengers are requested to keep a check on their flight status," it said in a post on social media site X (formerly known as Twitter).Notably, the Met department has issued a yellow alert for Delhi, predicting heavy rains across the national capital until July 1.

dangerous levels of heat. This year is no exception—indeed, it carries the trend further. In Saudi Arabia more than 1,300 pilgrims died during the hajj , the pilgrimage to Mecca, as temperatures exceeded 50°C.

Bumrah under pressure early on. However, the veteran England skipper explained that such an approach is fraught with risk because of Bumrah's sheer skill.In reply to an ANI question on Star Sports Press Room, Collingwood said, "I think if you had a piece of paper and had to pick a cricket team, in any form of the game, Jasprit Bumrah would be the first name going on that list right at the top.

JSW Energy, one of India's leading private sector power producers, surged nearly 4% in early morning trade to ₹739 apiece. This rise followed the announcement that the company's wholly owned subsidiary, through its subsidiaries, had signed Power Purchase Agreements (PPAs) for wind and solar projects totaling 1,325 MW.These agreements include 1,025 MW with the Solar Energy Corporation of India Limited (SECI) and 300 MW with Gujarat Urja Vikas Nigam Limited (GUVNL) for the supply of power for a period of 25 years with a tariff of ₹2.66/KWh.Notably, the 1,025 MW wind PPA is the largest single tranche PPA ever signed by SECI, featuring a blended tariff of ₹3.62 per kWh for a 25-year power supply period.On June 24, JSW Neo Energy received a Letter of Award (LoA) on June 23 for setting up a 300 MW ISTS-connected wind-solar hybrid power project from SECI.