India Financial News

Delhi court on Saturday extended till July 6 the judicial custody of Chief Minister Arvind Kejriwal's aide Bibhav Kumar. Kumar is accused of assaulting AAP Rajya Sabha MP Swati Maliwal on May 13 at the chief minister's official residence. Kumar was produced through video conferencing before Metropolitan Magistrate Gaurav Goyal who extended his judicial custody till July 6.

In this article, we have curated a list of the best kitchen chimneys under 10,000 in India which are readily available on Amazon. These chimneys are equipped with all the latest features and technology available in the market. Go through the complete list, find the one that suits you best and place your order using the given buying links.

NEET-UG and the UGC-NET tests, is «damage control», Congress leader Jairam Ramesh claimed on Saturday. This law was needed but it deals with question paper leaks and other irregularities after they have occurred, he claimed in a post on X. Several opposition political parties and student associations, including the Congress, have held protests across the country over alleged irregularities in medical entrance exam NEET-UG and the UGC-NET. Amid the raging row over the issue, the Centre on Friday operationalised the Public Examinations (Prevention of Unfair Means) Act, 2024, that aims to curb malpractices and irregularities in competitive examinations and entails provisions for a maximum jail term of 10 years and a fine of up to Rs 1 crore for offenders.

IndiaAI Mission at the Global IndiaAI Summit to be held in New Delhi on July 3-4, the electronics and information technology ministry said on Friday. In March, the government had approved Rs 10,372 crore to be spent over the next five years on setting up compute capacity of up to 10,000 graphic processing units (GPUs), developing artificial intelligence (AI) applications in critical sectors and working on addressing problems raised by central and state governments as well as government-run institutions.

Nirmala Sitharaman on Saturday chaired a pre-budget meeting with state and union territories finance ministers at Bharat Mandapam. The meeting is organised by the Ministry of Finance and Corporate Affairs with the finance ministers of all states and UTs, along with other stakeholders, for suggestions for the upcoming Union Budget. The Finance Ministry had consulted with various stakeholders of the economy a few days ago. Sitharaman has met economists, finance and capital market experts and industry bodies. The first pre-budget meeting was chaired by the FM on June 19. The meeting was attended by Union Minister of State for Finance Pankaj Chaudhary, the finance secretary, secretaries of the departments of economic affairs, revenue, financial services and corporate affairs and the chief economic adviser.

sanitation, is set to achieve the target of 2.5% of GDP by 2024-205 even as the centre’s allocation failed to reach 0.8% of GDP. As states managed to push healthcare expenditure to 1.58% of GDP last year, the combined effort of states and Centre added up to 2.13% of GDP. Public healthcare expenditure includes allocation of health and family welfare, Ayush, research and water supply and sanitation. By this calculation, the centre's expenditure was only 0.58% of GDP and 48% of this was spent on water and sanitation. Allocation for family welfare has gone down to 0.26% of GDP lower than the 2018-19 budget where the centre spent 0.28% of GDP.

India were able to tame varied challenges thrown at them by South Africa so far, and they will be eager to take the series to its fitting conclusion of a 3-0 margin during the third and final ODI in Bengaluru on Sunday. Currently, the margin stands 2-0 in favour of India but that insuperable position has not come without its own trials by fire. In the first match, the Indian batters had to come back from a perilous 99 for five before making a 260-plus total. The home side bowlers defended the target well too.

In the SME segment, a total of seven issues will open for subscription next week.

Hinduja family were convicted on Friday for exploiting underpaid servants at their luxurious villa in Geneva, Switzerland. The elder family members, Prakash Hinduja (78) and Kamal Hinduja (75), who were absent from the trial due to health issues, received sentences of 4 1/2 years each. Ajay Hinduja and his wife Namrata, who were also not present in the courtroom, were sentenced to 4 years, as reported by Bloomberg. The Hinduja family's business manager, Najib Ziazi, received an 18-month suspended sentence. The Hindujas expressed their dismay at the court's decision and announced an appeal has been filed to a higher court. They hope to overturn the verdict, which found them guilty of exploiting vulnerable domestic workers, as reported by PTI.

deep tech startups in 2023 with 480 new ventures emerging, making it the third largest pool globally, a report said. However, the report by technology industry body nasscom and global consulting firm Zinnov highlighted the worrying trend of a funding winter, posing a major challenge for these startups. 'India's deep tech Dawn: Forging Ahead' report also said funding for scaling, talent attraction and retention, and global expansion are the top 3 challenges faced by startups in deep tech innovation.

₹193-203 per share and a lot size of 73 shares, the ₹418.01 crore worth IPO combined a fresh issue of 1.6 crore shares, aggregating ₹325 crore, and an offer-for-sale (OFS) of 46 lakh shares, aggregating ₹93.01 crore.DEE Piping Systems IPO's latest GMP (grey market premium) is ₹88. Considering the price band of ₹203, the IPO's estimated listing price is ₹291, a premium of 43.35 per cent.The DEE Piping Systems IPO was fully subscribed on Day 1, and at the end of Day 2, the overall subscription was over 9 times.

Also Read: 60% make rewards top priority in credit card choice, reveals surveyAccor is one of the world’s largest hospitality groups, with a portfolio of more than 45 hotel brands across various categories, from luxury to economy. It has 5,500+ hotels spread across 110+ countries.

International Yoga Day 2024: Transcending the boundaries of cultures and ethnicities, Yoga has become a global movement for fitness enthusiasts and those who want to adopt a healthy lifestyle. The celebration of International Yoga Day on June 21 worldwide is a testimony of the growing influence of the ancient Indian practice.

Mumbai, India's financial powerhouse, is a magnet for real estate investors aiming for high returns. Within this dynamic market, luxury real estate stands out as a particularly lucrative investment. Here’s why putting your money into Mumbai’s luxury properties is a smart move.

The Moneyview Savings Index 2024 reveals current savings and investment patterns in contemporary India. According to the survey, individuals with higher incomes tend to save a larger proportion of their earnings than those with lower incomes.

Purchasing a house is a major accomplishment in an individual's life and it frequently requires significant financial support. One approach to make this process more manageable and beneficial is by considering a joint home loan.

Tiruchirappalli (Tamil Nadu) [India], June 22 (ANI): In the wake of the deaths in Kallakurichi in Tamil Nadu in which 50 people died, 250 liters of illicit liquor were seized and disposed off in the state's Tiruchirapalli district. The action was taken by Tiruchirapalli District Collector, Pradeep Kumar and Superintendent of Police, Varun Kumar, based on intelligence input on Friday night, police said The district Collector Pradeep Kumar spoke with locals and made them aware of the harmful effects of illicit liquor. He also made them take an oath that they would not consume illicit liquor.

Recently, leaders from India's corporate sector advocated for reducing the income tax burden on individuals, increasing capital expenditure, and implementing measures to control food inflation during their nearly two-hour meeting with Finance Minister Nirmala Sitharaman ahead of the Union Budget. In their pre-Budget discussions with Sitharaman, industry representatives emphasized the need for heightened focus on infrastructure development to sustain economic growth. They also highlighted the importance of bolstering the MSME (micro, small, and medium enterprises) sector, which is crucial for the Indian economy and a key source of employment.

strategic partners to building a defence innovation bridge under the Critical and Emerging Technology Initiative, the US has said on the partnership's first anniversary. INDUS-X, which stands for enhanced strategic and defence partnership between India and the US, was launched on June 21 last year by the US Department of Defence and the Indian Ministry of Defence during Prime Minister Narendra Modi's state visit to Washington, DC. «In its first year, INDUS-X has advanced both countries' commitment to build a defence innovation bridge under the initiative on Critical and Emerging Technology (iCET),» the Department of Defence said in a press release on Friday. The iCET was launched by Prime Minister Modi and US President Joe Biden on the sidelines of the QUAD summit in Tokyo on May 24, 2022.

Dividend Distribution Tax (DDT) underwent significant changes in India with the abolition of DDT in the 2020-21 Budget. Traditionally, dividends are payments made by companies to shareholders from their profits. DDT, introduced in the Finance Act of 1997, was a tax levied on these dividends distributed by domestic companies, irrespective of their income tax obligations on those profits. The decision to abolish DDT marked a substantial shift in tax policy. Previously, DDT imposed a burden directly on companies, reducing the amount of dividends received by shareholders. Post-abolition, Finance Minister Nirmala Sitharaman announced that dividends would now be taxed in the hands of the shareholders themselves. This change aimed to streamline the taxation process, making it more transparent and aligning it with international norms where dividends are typically taxed at the individual level. The economic implications of abolishing DDT were widely anticipated. By removing this tax, Indian equities were expected to become more attractive to investors. The move was seen as potentially boosting market sentiment and encouraging companies to reinvest profits back into the economy. This reinvestment could stimulate economic growth and create employment opportunities. Moreover, the abolition of DDT was expected to make India a more appealing destination for foreign investors, potentially leading to increased Foreign Direct Investment (FDI).