India Financial News

NCP MLA hit his motorbike on a highway in Maharashtra's Pune district. The accused, Mayur Mohite, was arrested after the incident on Saturday, police said, adding the car was speeding on the wrong side of the road. Khed NCP MLA Dilip Mohite Patil termed the incident as unfortunate and said he will not support any wrongdoing. The accident took place at around 9.30 pm on Saturday at Mauje Eklahare village on the Pune-Nashik highway in Ambegaon taluka, the police on Sunday said, adding the victim was identified as Om Bhalerao.

Exit polls is a loss-making business and the only profit a pollster earns is visibility, Axis My India chief Pradeep Gupta has said. Gupta was considered to be the poster boy of exit polls till June 4, when the Lok Sabha poll results dealt a hammer blow to the reputation of pollsters after their predictions proved to be wide off the mark. «Exit polls are a loss-making venture because no media house will pay as much money as that invested on the ground… the only profit that we make in exit polls is that we get visibility which we do not get while doing market research for corporate clients,» he said. In an interaction with PTI editors at the agency's headquarters, Gupta said 70 per cent of his clientele is corporate clients and that is where the main revenue comes from.

T20 World Cup 2024, Abdul Qadir Patel, a lawmaker from the Pakistan People’s Party (PPP), has proposed a suggestion for the national team captain, Babar Azam. The team was knocked out in the group stage for the first time in its history after a crucial match between co-hosts USA and Ireland was abandoned without a ball being bowled. This early exit has ignited intense scrutiny and debate about Babar Azam's future as captain. Pakistan's T20 World Cup campaign began disastrously with a shocking Super Over loss to the USA. This was followed by a six-wicket defeat to arch-rivals India at a packed Nassau County International Cricket Stadium on June 9. These consecutive losses left Pakistan on the brink of elimination. Despite a seven-wicket victory over Canada and a win against Ireland, Pakistan finished third in Group A with four points from four matches, thus failing to advance to the Super Eight stage.

BJP's election in-charge for Jharkhand Shivraj Singh Chouhan said on Sunday that the saffron party will form the next government in the state by uprooting the «corrupt» JMM-led coalition from power. Chouhan and Assam Chief Minister Himanta Biswa Sarma, who is BJP's election co-incharge for Jharkhand, held a meeting with party leaders, MLAs, MPs, and workers in Ranchi to prepare strategies for the assembly elections in the state due later this year. He said the BJP had an outstanding performance in the recently concluded Lok Sabha polls in Jharkhand where it won eight seats and its ally AJSU Party bagged one. «We had a lead in 52 of the 81 assembly seats in the parliamentary polls. The state played an important role in securing the third term of Prime Minister Narendra Modi. I congratulate the party leadership, booth workers and people of Jharkhand for the achievement,» he said.

ALSO READ: AFG vs AUS T20 World Cup: Resilient Afghanistan stage a comeback, defeat Australia by 21 runsAustralia's Pat Cummins picked up three wickets. It was a hat-trick with the wickets of Rashid Khan, Karim Janat and Gulbadin Naib.

Indian recurve mixed team of Dhiraj Bommadevara and Bhajan Kaur produced an excellent performance to rally past Mexico and clinch a bronze medal in the Archery World Cup Stage 3 here on Sunday. Trailing 0-2 after conceding the opening set, the Indian team produced a flawless round to bring it level and seal a stunning 5-3 (35-38, 40-39, 38-37, 38-38) win over their Mexican opponents Alejandra Valencia and Matias Grande.

CBI) registered First Information Report (FIR) in connection with alleged irregularities in NEET-UG examinations. The Ministry of Education on Saturday entrusted the matter of alleged irregularities in the NEET (UG) Examination 2024 to the Central Bureau of Investigation (CBI) for a comprehensive investigation. CBI has been handed charge by the Centre to probe irregularities in both UGC-NET and NEET-UG examinations. «National Testing Agency (NTA) conducted the NEET(UG) Examination on May 5, 2024 in OMR (Pen and paper) mode. Certain cases of alleged irregularities/cheating/impersonation/malpractices have been reported. For transparency on the conduct of the examination process, the Ministry of Education, Government of India, after a review has decided to entrust the matter to the Central Bureau of Investigation (CBI) for comprehensive investigation. Central Government has also enacted the Public Examination (Prevention of Unfair Means) Act, 2024, to prevent unfair means in public examinations and to provide for matter connected therewith or incidental thereto,» the government said.

EVMs, Communist Party of India (Marxist-Leninist) Liberation general secretary Dipankar Bhattacharya said the country may probably have to go back to ballots. In an interview with PTI editors at the agency's headquarters, the CPI (ML) Liberation leader also raised concerns over alleged "saffronisation" of education and stock market "scam" driven by exit polls. Highlighting his concerns around the conduct of the 2024 general elections and the Electronic Voting Machines (EVMs), Bhattacharya said the opposition had sought 100 per cent VVPAT counting in the elections, but it was turned down by the Supreme Court. The Voter Verifiable Paper Audit Trail (VVPAT) is an independent vote verification system which permits an elector to see whether his vote was cast correctly.

news channels have gone off air at several places in Andhra Pradesh following the declaration of the results of the Assembly and Parliamentary elections with an opposition YSRCP Parliamentarian alleging coercion by the state government leading to them being blocked. Allegations of channels- TV9, NTV, 10TV and Sakshi TV- being blocked have been levelled against the NDA government, comprising TDP, BJP and Janasena. YSRCP Rajya Sabha member S Niranjan Reddy complained to the Telecom Regulatory Authority of India (TRAI) over the alleged blocking of these four vernacular news channels by the government. In a recent letter to TRAI, Reddy claimed the Andhra Pradesh Cable TV Operators Association took these four channels off air due to alleged coercion by the TDP-led government in the state.

Will reforms take a backseat? We now have a BJP/Modi-led coalition Government in place, and several key ministries are in the same hands as they were earlier, including finance. The reality, however, is that this is a coalition Government with the support of JDU and TDP and other allies, and the question is whether, in this context, several critical and long pending reforms will take a back seat.

Allied Blenders and Distillers will open for subscription on June 25. The issue closes on June 27. Through the public offer, the company plans to raise around Rs 1,500 crore. Here are 10 things to know about Allied Blenders and Distillers IPO IPO before subscribing to the issue.

India has seen several transformative innovations in recent years. The development of Digital Public Infrastructure (DPI), particularly the Unified Payments Interface (UPI) and Direct Benefit Transfer (DBT) mechanism, has made lives easier and worked in favour of the cause of financial inclusion. Similarly, the Public Distribution System (PDS) has ensured food security for the underprivileged and proved its mettle during the recent pandemic.

₹1,000 crore and an offer-for-sale (OFS) of ₹500 crore in equity shares by promoters and other investors, totaling ₹1,500 crore.Promoters Bina Kishore Chhabria and Resham Chhabria Jeetendra Hemdev will sell off the shares in the Offer for Sale (OFS).The company manufactures, markets, and distributes alcoholic beverages both within India and globally. Its product range encompasses various IMFL brands such as vodka, rum, whiskey, and brandy.Allied Blenders and Distillers IPO date: The IPO of liquor company will open for bidding on June 15 and will close on June 27.Allied Blenders and Distillers IPO price band: The company has set the price band of its IPO at ₹267 to ₹281 per share.Allied Blenders and Distillers IPO size: The Allied Blenders IPO is a book-built issue aiming to raise ₹1,500 crores.

Indian stock market: Nifty has been hovering within the 23300 to 23600 range, indicating indecisiveness, which sets the stage for a very volatile monthly expiry. A decisive move above 23600 might take the index towards 24000 in the short term, whereas failure to hold above 23300 might trigger panic in the market. Below 23300, the Nifty might fall towards 22750 in the short term.The BankNifty index witnessed a volatile trading session but ended on a flat note, highlighting the evident tussle between buyers and sellers.

Filing Income Tax Returns (ITR) is a crucial responsibility for taxpayers in India. Ensuring accurate and timely submissions can prevent unnecessary hassles, penalties, and legal issues. Here are the top mistakes to avoid during the ITR filing process:

Stock Market News: Profit-booking took centre stage on Friday's session, prompting the domestic benchmark indices, the Nifty 50 and Sensex, to give up early morning gains and remain in the negative throughout the day's trading.Market experts noted that the market breadth too favoured the bears as only 18 stocks in Nifty 50 marched higher against 32 stocks which slid down. Interestingly, in broader markets, Nifty MidCap 50 finished slightly above the dotted lines.

₹1,500 a kilo at the Kolkata tea auction for their CTC tea, achieving speciality status— average prices at auction for Assam CTC is under ₹300/kilo. This got me thinking about our perception of tea, and the contradictory world of leaf tea and CTC drinkers. It’s hardly a great divide.

So you have your credit card and your bank has given you an offer of some tempting loan offers. You have been eying those money splurging dreams that you have been waiting so hard for, that trip to Bali or London, that fancy bike, that LCD TV, etc. You have the urge to max out your credit.

₹5,000 a month for getting into acrobatic positions to clean for an hour every day, and a cook only around the same for working 90 minutes daily on meals. The rich keep talking about how they subsidize the poor. They do.

US - S&P 500 SPX 212415DAX 12209Nifty50 20208UKX 1247KOSPI 10196INDU 18144CAC 13172SHCOMP 11-41The risk of underperformance has diminished following the formation of a stable coalition, and FII inflows have improved this month. However, it is premature to be optimistic, as global sentiment remains mixed due to high inflation and interest rates. Moreover, the economy is expected to slow slightly in CY25, and valuations remain high.The outlook for the domestic stock market & economy is stable.

T20 World Cup 2024 semi-final qualification scenario: Are India through to semi-finals after AUS vs AFG clash?Notably, Pandya was adjudged the man of the match on Saturday for his exceptional performances with bat and ball. Asked to bat on 108/4, Pandya guided the Men in Blue to 196 in their 20 overs, hitting a 27-ball half-century in the process. With the ball, Pandya took the first wicket of the match, dismissing Litton Das in the 5th over.In an interaction with Cricbuzz, Sehwag while also embracing why he was critical of Pandya in the future stated, “And we miss this Hardik Pandya.