India Financial News

Afghanistan pulled off a monumental 21-run upset over Australia in the T20 World Cup, with Gulbadin Naib’s four-wicket haul overshadowing Pat Cummins’ hat-trick. Afghanistan defended their total of 148 for six, securing their first-ever win over Australia in international cricket. Australia were bowled out for 127 in 19.2 overs in the Super Eight contest, now facing potential early elimination from the World Cup. They must win against India and hope Afghanistan loses to Bangladesh. Afghanistan avenged their ODI World Cup defeat in Mumbai, where Maxwell had previously snatched victory from them. Skipper Rashid Khan expressed immense pride in the team's performance, highlighting Naib’s impactful bowling and Nabi’s early dismissal of Warner. The result has thrown Group 1 wide open, with both Australia and Afghanistan having one win each, while India leads with two wins. The final Super Eight matches will be crucial in determining which teams advance to the semi-finals, with all four teams in Group 1 still having a chance to make it through.

naxals, news agency ANI reported. «On information about the printing of fake currency notes by Naxals, the operation was launched in the area and printers, ink, fake notes were seized...» Sukma SP Kiran Chavan said.

Suraj Revanna, a leader in the Janata Dal (Secular) and a member of the legislative council (MLC) in Karnataka, was arrested on Sunday following allegations of sexual assault. A party worker filed a complaint claiming that Revanna sexually abused him at Revanna's farmhouse in Ghannikada on June 16.

Dee Development Engineers is likely to finalise the share allotment on Monday. The issue was booked nearly 100 times at close on strong interest from non-institutional and institutional buyers. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website. Firstly, here's how you can know the status on BSE

₹1,500 crore. It comprises a fresh issue of 3.56 crore shares amounting to ₹1,000 crores and an offer for sale of 1.78 crore shares amounting to ₹500 crore.The price band for the Allied Blenders IPO is set at ₹267 to ₹281 per share. ICICI Securities Limited, Nuvama Wealth Management Limited, and Iti Capital Ltd are the book-running lead managers for the IPO, with Link Intime India Private Ltd serving as the registrar for the issue.Vraj Iron and Steel IPO will open for subscription on June 26 and close on June 28.

Star Sports, former Aussie captain said, “I loved what Rohit said it’s about having an impact on the game. It’s not about having 50s or 100s, it’s about changing the game and putting Bangladesh on the backfoot from the second over itself. It’s a change of mindset for youngsters who’re told to get hundreds, get fifties, get two hundreds whereas the modern game and you see the youngsters who’re 18,19 and 20 coming into the game now.

Google suspends online gaming trial on Play Store citing lack of regulationsOne user on X, while replying to Cuban's post, suggested that the incident may have occurred due to a spoofed sim, which was set to a false Google number. They wrote, "Seems more likely that someone called you via a spoofed sim set to "650-203-0000", in which case Google was not even in the loop at all for this attack, you just got phished."Some more users questioned Google's role in the whole incident given that the SIM card may have been spoofed.

allegations of question paper leak in the NEET-UG exam 2024. The Bihar Police is actively probing the case.

Nanda Devi, in 1936. The book is an account of one of the most spectacular expeditions of mountain exploration ever undertaken, when, in 1934, Shipton, along with compatriot Bill Tilman and the Nepalese Sherpas Ang Tharkay, Pasang Bhutia and Kusang, became the first people ever to find a way into the inner sanctuary of Nanda Devi, in the Garhwal Himalaya. Ever since the dawn of mountaineering, a greater premium has been placed on the summitting of peaks, in large part driven by a colonialist narrative of conquest.

Also Read: GST Council Meeting: FM-led panel approves biometric authentication, 12% rate on milk cans; 10 key highlightsOn the weekly front, the BSE benchmark climbed 217.13 points or 0.28 per cent, while the Nifty went up by 35.5 points or 0.15 per cent. The Nifty Bank index, in particular, stood out with its largest weekly gain of 2024, surging by more than three per cent.

Bangladesh opener Litton Das. Pandya has enjoyed the trust of the Indian fans at the stadiums in the USA and West Indies after facing many incidents of booing during the IPL 2024 season.Social media users were quick to share their appreciation for Pandya after Saturday's all-round show.

India and Bangladesh signed 10 memoranda of understanding (MoUs) following the meeting of Prime Minister Narendra Modi and his counterpart Sheikh Hasina in New Delhi, with both leaders endorsing a vision statement on peace and prosperity that underscored longstanding ties between the two nations. Three of the pacts were renewals of existing accords. The Bangladeshi Prime Minister’s visit is the first by a head of state or government after the inauguration of the new Modi government and comes ahead of her trip to Beijing. The Modi-Hasina talks focused on boosting defence ties, management of the Mongla port in Bangladesh and cross-border power trade. Defence Services Staff College, Wellington, and Defence Services Command and Staff College, Mirpur (Bangladesh) will cooperate in the field of strategic and operational studies. ET had first reported last week that defence ties will likely get a boost at the meeting.

summer heat is drawing people out to cafes serving cold beverages like iced coffee and tea as well as summer-specific products, according to multiple industry executives. National chains such as Third Wave Coffee, Chaayos, AbCoffee, and Boba Bhai said they are registering increasing footfall at their cafes — across northern India in particular — offering a stark contrast to reports of dipping sales at restaurant chains in the region that is battling record summer temperatures. While the availability of cold beverages and expansion of the on-premise menu is boosting sales, these cafes are also recording a spike in orders for delivery of summer-specific items. In addition, new-age cafes are popular destinations for remote working and meetings, which is further boosting footfalls.

black money law are popping the champagne. For the first time, the court has invoked Article 20 of the Constitution to squash law's retrospective use which was enacted in 2015 to allow the taxman to go after offshore bank accounts, properties and companies of resident Indians. Article 20 lays down that «no person shall be convicted of any offence except for violation of a law in force at the time of the commission of the act charged as an offence». In other words, one cannot be punished under a law which did not exist when the offence was committed. The Karnataka High Court has quashed the criminal proceedings initiated by the income-tax department against persons connected to overseas bank accounts and firms which were closed well before the Black Money Act came into force.

waive interest and penalties on past tax demands, reduced the pre-deposit amount for filing appeals, fixed monetary limits for appeals against assessees at various legal forums and set a sunset date for anti-profiteering cases in a range of decisions aimed at easing doing business in the country. “Our intent is to make GST assessees’ life easier, simpler and less cumbersome… We are working towards less and less compliance,” Union finance minister Nirmala Sitharaman, chairperson of the body, told reporters after the council’s 53rd meeting that was held in the capital. The council will take up pending reform measures when it meets next, likely by August end. Saturday’s measures by the council at its first meeting after the formation of the new government at the Centre could bring relief to multiple sectors, including shipping, airlines, insurance and nonbanking financial companies (NBFCs) facing large tax demands, said experts.

Hyundai Motor India gave the third significant upgrade to its flagship sports utility vehicle Creta this January, almost nine years after its launch in 2015 and about four years after its second generation in 2020. But the next big development followed in just three months with the performance-focused Creta N Line variant hitting the roads in March. Now, an electric version is scheduled for later this fiscal.

immigration process at airports for pre-verified Indian nationals and people of Indian origin holding the Overseas Citizen of India (OCI) cards. Home minister Amit Shah inaugurated the Fast Track Immigration-Trusted Traveller Programme (FTI-TTP) at the Indira Gandhi International Airport in Delhi. This facility will be available free of cost for all passengers, Shah said. Eligible individuals will need to apply online and submit their biometrics (fingerprint and facial image) along with other required information as specified in the application form for registration, explained officials. In the second phase, the programme will also cover foreign travellers, they said.

Bengaluru: Prestige Estates Projects plans to raise Rs 5,000 crore from institutional investors to bolster its hospitality business. On Friday, the board approved a proposal to raise the funds through a public sale of shares to institutional investors or other permissible modes, it said in a filing with BSE. The board also cleared another plan to monetise the hospitality business, and established a subcommittee to supervise the process. The Bengaluru-based company may either consider creating a real estate investment trust — which could be the first hotel REIT in India — or pursue an initial public offering to monetise the hospitality business.

research. Besides grades, extra-curricular activities, and self-studying online courses from reputed institutions, doing research while in school is vital for getting admission in top universities abroad, various study abroad experts said. Piyush Kumar, regional director, South Asia and Mauritius, at IDP Education, said Ivy League institutions seek students who go the extra mile by engaging in «super curricular» activities like entrepreneurship ventures, startups, small businesses and writing research papers.

transmission system projects costing ₹13,595 crore, to evacuate 9 GW of renewable energy from Rajasthan and Karnataka. The two projects will be implemented through tariff-based competitive bidding. These projects, or schemes, are part of the government's target to set up 500 GW of renewable energy capacity by 2030. Out of this, 200 GW is already connected, a power ministry statement said.