India Financial News

Radisson Hotel Group announced the signing of 10 new hotels on Wednesday. The company said the signings materialised over the past four days, and are spread across brands, including Radisson Blu, Radisson, Radisson Individuals, and its brand extension Radisson Individuals Retreats. The Group also entered five new markets and will be the first to open internationally branded hotels in Jawai (Rajasthan), Sagar (Madhya Pradesh), Yavatmal (Maharashtra), Ooty (Tamil Nadu) and Calicut (Kerala). The chain also signed Radisson Blu Hotel, Nathdwara Stadium, Rajasthan, featuring 234 rooms. This hotel is India's first Cricket Stadium Hotel, with 75% of its rooms offering views of the main cricket field. There are two signings under its Radisson brand — Radisson Sagar and Radisson Mohali. The chain has also signed Park Inn & Suites by Radisson, Calicut.

Kalki 2898 AD, also featuring Amitabh Bachchan and Kamal Haasan, will hit the screens on Thursday. Originally in Telugu, it is releasing in Hindi as well, apart from the other three south Indian languages, and builds on the southern film template of action and spectacle, while boasting a pan-India star cast.

Reliance Industries, India's largest company by market capitalisation, reclaimed the ₹3,000 mark in today's trading session after a 15-session gap, setting a new record high of ₹3,037.95 per share by gaining 4.50%.By the session's close, the stock settled at ₹3,028, reflecting a significant 4.12% increase, marking its third-largest intraday gain in CY24 thus far. The rally propelled the company's market capitalisation to reclaim the ₹20 lakh crore mark, reaching ₹20.48 lakh crore, with an addition of ₹81,203 crore today.Also Read: Raymond stock crosses ₹3,000 mark as gains extend for 4th straight dayThe stock lagged in the recent market rally, showing an 8.3% increase in the last 15 sessions as compared to the Nifty 50's 9% surge, and has risen by 5.85% in June so far, slightly underperforming the Nifty 50, which gained 5.94% over the same period.

Mint, she said that the overall size of the auction market expanded by more than a fifth in 2023, from an estimated $150 million in 2022. And so far in 2024, sales have already reached $90 million. "The market has grown significantly (in value and volume) over the last four years, through the pandemic and the lockdown.

Centre fixes price of drugs for diabetes, hypertension, multivitaminsThe primary task of the committee is to strike a balance between pricing and availability of essential medicines, while offering incentives to the industry to foster growth and exports. Prices of drugs in India are regulated as per provisions of Drugs (Prices Control) Order, 2013, by the NPPA, under the aegis of the Department of Pharmaceuticals (DoP), that fixes the ceiling price of scheduled medicines.

Chart Beat: For Bharat Forge, non-auto segments to keep the ball rolling So far, so good, although this strong narrative ends here. While Bharat Forge’s consolidated FY24 Ebitda margin expanded 250 basis points (bps) year-on-year to 16.3%, this needs to be analysed closely by bifurcating the numbers into standalone and subsidiaries. The standalone business continues to chug along with 20% CAGR in sales and Ebitda during FY22 to FY24.

Gas stoves Gas stoves use open flames fuelled by natural gas or propane for cooking. They provide precise heat control and are preferred by chefs for their responsiveness and ability to handle various cookware types.Induction cooktopsInduction cooktops use electromagnetic coils to heat pots and pans directly.

₹4,800 crore across commercial vehicles, passenger vehicles, tractors, construction equipment and MSME loans. As part of the investment, Rahul Mukim, director of private capital, India, is slated to join the board of Kogta as the nominee of Ontario Teachers’ Pension Plan.“Our investment in Kogta underscores our commitment to identifying and backing high-growth opportunities in India’s vibrant financial services sector.

₹3,000 mark for the first time in today's intraday trade to hit another fresh all-time high of ₹3,030 apiece by gaining 9%. Remarkably, the stock achieved this milestone in just 10 weeks after crossing the ₹2000 mark.The rally in the stock has been fueled by a significant spike in delivery volumes over the last four sessions, averaging 200,000 shares compared to a typical 40,000.This surge in delivery volumes was attributed to several key factors: growth in the real estate business, prospects of the textile sector PLI scheme, expansion in their ethnic wear segment—a rapidly growing brand for the company—and improvements in the balance sheet.Also Read: Amara Raja stock gains 108% in CY24 so far; what lies ahead?Meanwhile, today's surge in shares has propelled them to achieve a 251% gain over the past two years and an impressive 618% increase in just three years.During FY24, Raymond Group sold its FMCG business and has now identified the core three businesses of lifestyle, real estate, and engineering as future growth pillars.The company aims for rapid expansion of its ethnic wear brand 'Ethnix by Raymond', with plans to open 100 stores in FY25 following the launch of 53 stores in FY24, bringing the total count to 114.

New Delhi, India – June 26, 2024 –Flychem is a leading manufacturer and distributor of high-quality ingredients for personal care, home care, pharmaceuticals, food and beverages, agriculture, and nutraceuticals while prioritizing quality and sustainable practices. Flychem is proud to announce the launch of the world’s most advanced high-purity Encapsulated Salicylic Acid under the brand name KOSAVATM.

bandhgalas, blouses, pantsuits and jumpsuits. Given the variety of supply, many fashion-conscious people are experimenting with double denim, making the look one of the “it" trends of this year. But how to ace the denim on denim look? We asked some experts for suggestions.

₹140,000 per collaboration is not an anomaly, as the creator economy is brimming with such internet 'influencers'. “The success rate of influencers is really low," said Prateek Sinha, partner and experience consulting leader at PwC, adding that income is low for most influencers, which pushes them to diversify and create new income streams.

manufacturing giant Boeing is facing a huge crisis, having received orders for only four new planes in May. Orders for its once-best-selling 737 Max have almost dried up since an incident in January, in which the side panel of an Alaska Airlines aircraft blew out mid-air. The crisis, however, was not entirely unexpected.

NEW DELHI : For the first time, India has achieved a higher ethanol production from grains, especially maize, than sugar-based feedstock, on the back of a government cap on the diversion of sugar for producing the biofuel. The share of grain-based ethanol stands at nearly 51% so far in the current ethanol-supply year (November 2023-October 2024), said two officials with access to data. Till 9 June, 357.12 crore litres of ethanol have been produced—175.74 crore litres from sugar-based feedstock—sugarcane juice, B-heavy molasses and C-heavy molasses—and 181.38 crore litres from grain-based feedstock—damaged foodgrains, surplus rice and maize available with Food Corp.

Stock market today: MIC Electronics shares, a prominent multibagger stock, have shown significant growth in the Indian stock market. The small-cap stock with a market cap of ₹1,651 crore has risen from around ₹23.25 to ₹74.60 per share in one year, recording over 220 percent rally in this period.

NEW DELHI : Jayanth R. Varma joined the Reserve Bank of India’s (RBI's) monetary policy committee (MPC) in October 2020, and in his very first meeting, he dissented. Ashima Goyal, who was appointed at the same time, has since emerged as the only other dissenting voice, albeit not as often as Varma, who was a hawk initially, but turned dovish in the middle of 2022.

₹25586 crore worth of equities in May and have remain net sellers worth ₹8536 Crore in equities during the calendar year till date, however have net bought ₹14828 Crore worth of equities in June till 25th, as per NSDL data. All eyes are on sustenance of the trend.The Lok Sabha Elections are behind us and the uncertainties associated with the new government are behind us and hence there is some amount of buying being observed by FPI's, with economic data also remaining supportive, said experts.

cricket fans have reacted to the apparent ball-tampering allegations.“Didn't expect this statement from inzamam ul haq... Indian players have always given him respect and love..

Narendra Modi and Congress leader Rahul Gandhi made a polite handshake following the election of NDA's candidate Om Birla as the Lok Sabha speaker. The two leaders accompanied Birla to the Speaker's chair. That's because Rahul Gandhi now holds a constitutional position which is opposite to PM Modi's. While PM Modi has been elected the leader of the house in the Lok Sabha, Rahul has become the leader of the opposition. Though Rahul has been seen as the main opponent of PM Modi for long, he was never acknowledged formally as the topmost leader of the opposition. The INDIA bloc of opposition parties led by the Congress did not choose its prime-ministerial candidate ostensibly due to the presence in the opposition bloc of more senior leaders than Rahul such as Sharad Pawar and Mamata Banerjee. But now, since the Congress has emerged as the biggest opposition party by winning 99 seats, a big improvement over its 2019 tally of 52, the opposition has to accept Rahul as its tallest leader.

India House at the Paris Olympics will be a «home away from home» for the travelling national contingent and will also provide a glimpse into the country's «rich cultural and sporting heritage», IOA President P T Usha and IOC member Nita Ambani have stated. The India House will commemorate the completion of 100 years of country's Olympic participation. The India House will be located at the Parc de la Villette in Paris, which has been designated as the 'Park of Nations' during the Games and will be surrounded by 14 other hospitality houses including those from Netherlands, Canada, Brazil and France. The India House has been established by the Reliance Foundation in partnership with the IOA (Indian Olympic Association) and will showcase «India's storied past, vibrant present, and exciting future alongside advances in technology and digitalisation», a press release said.

visa applications in 2023. Out of the 151,752 visa requests filed by Indian nationals, a substantial number were denied. This led to an estimated loss of €12.1 million in visa application fees for Indian applicants, highlighting the financial burden on those attempting to travel to Schengen countries. In 2023, Schengen states rejected a total of 1.6 million visa applications, resulting in €130 million in generated funds, according to SchengenNews. Among the affected nationalities, Indian applicants faced significant financial losses due to high visa rejection rates. Other nationalities facing high rejection rates included Turks, Algerians, Moroccans, and Chinese. Turkish nationals experienced the highest monetary loss, with €13.5 million spent on rejected visa applications. Algerians followed closely, losing €13.3 million, while Moroccans lost €10.9 million, and Chinese applicants faced losses of €4.8 million despite having one of the highest approval rates.