India Financial News

India vs Afghanistan. As per Sportingnews.com, the pitch at Kensington is known for its bounce which could be in favour the bowlers. Due to the bounce, the initial overs of the game could be challenging for batsmen.

There have been stories in the media recently about the huge amount of cash that active equity mutual fund (MF) schemes have been sitting on lately. As of May 2024, in absolute terms, this amounted to around ₹1.17 lakh crore against ₹95,969 crore in December 2023, according to data from the financial services platform Fisdom. This sounds like a lot of money. But as a percentage of the total assets under management of equity MF schemes, it was at 5.1% in May and 4.9% in December, not materially very different.

Info Edge (India) Ltd. gained 1.27 per cent to Rs 6324.0 in Thursday's trade. It hit a high of Rs 6333.0 and low of Rs 6200.2 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 5132.32, while the 50-DMA was at Rs 6041.0. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

FIU) has imposed a fine of 188.2 million rupees ($2.25 million) on the world's largest crypto exchange, Binance, for operating in the country in violation of local anti-money laundering regulations. India requires virtual digital asset service providers like crypto exchanges to be registered with the FIU as a reporting entity and comply with its anti-money laundering rules.

Public Sector Enterprises (PSEs). In the 2021-22 budget, the government announced plans to monetize potential core assets of the central government and PSEs. The National Monetisation Pipeline (NMP), developed by Niti Aayog in consultation with concerned ministries, aims to monetize assets over a four-year period starting from FY22, with assets tottaling Rs 6 lakh crore earmarked for monetization.

Specialty chemicals platform Distil has raised $3.1 million in a seed funding round led by Jungle Ventures and India Quotient, with participation from other investors and operators. This marks Jungle Venture’s first seed investment in India since the launch of its First Cheque@Jungle, a programme which aims to invest at least $2 million in early-stage startups from idea to seed stage, according to a statement on Thursday.

Indian Oil Corporation Ltd. gained 1.58 per cent to Rs 169.45 at 10:55AM (IST) in Thursday's trade. The stock has hit a high of Rs 169.75 and low of Rs 166.25 so far during the session. The stock had closed at Rs 166.8 in the previous session. The counter has had a total traded volume of 815130 shares so far with a value of Rs 13.7 crore on the NSE. It traded at a price-to-earnings multiple of 5.66 and a price-to-book ratio of 1.26.

monsoon in many parts of the country has raised concern over the cultivation of kharif crops such as paddy, pulses and soyabean, even though experts still believe any shortfall can be largely mitigated if rainfall picks up by the first week of July. Soyabean Processors Association (SOPA) said only 10% of the area in Madhya Pradesh – the largest producer of the crop – has been sown for soyabean cultivation this year as compared to 50%-60% by this time last year while in West Bengal and Uttar Pradesh, a majority of farmers are waiting for rains to sow paddy. The pulses trade is worried about the impact of delayed monsoon on tur and urad crops, whose prices have gone up in the last two years due to less production and increased imports. Among pulses, tur, urad and moong are cultivated during the kharif season.

Bandhan Bank Ltd.(up 3.11 per cent), Au Small Finance Bank Ltd.(up 1.75 per cent), Federal Bank Ltd.(up 1.72 per cent), Kotak Mahindra Bank Ltd.(up 1.4 per cent) and IDFC First Bank Ltd.(up 1.15 per cent) were among the top gainers.

extreme weather conditions. And the season is not over yet! India has recorded over 40,000 suspected heatstroke cases amid a prolonged heatwave, reported Reuters. Simultaneously, parts of the country, including the northeastern region, are dealing with severe floods triggered by heavy rain. This extreme weather is part of a larger trend affecting billions across Asia. Scientists attribute these conditions largely to human-driven climate change. North India has seen temperatures soar close to 50 degrees Celsius (122 degrees Fahrenheit) during one of the longest heatwave spells on record, as reported by Reuters.

In 1991, the Indian government articulated a ‘Look East’ policy to build extensive economic and strategic relations with its eastern neighbours and Southeast Asia. This was different from the traditional ‘West facing’ outlook, in which we looked to learn from Europe and North America. With the age of AI upon us, India is considering how it should both foster and regulate this powerful new technology which can reshape industry, society and geopolitics.

1.LG Microwave MS2043BP The LG Microwave MS2043BP is a sleek and stylish black starter microwave that offers quick and efficient cooking. With a spacious interior and a variety of cooking modes, this microwave is perfect for busy households.

Stock Market News: The domestic benchmark equity indices, the Sensex and the Nifty 50 started Thursday's session in green but however traded flat-to-negative amid mixed global cues.The Sensex began 96.95 points higher at 77,434.54, while the Nifty 50 gained 21.40 points to 23,537.40.The opening levels revealed a restrained but optimistic mood among traders, with predictions of sectoral performance shaping early trading patterns.Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, believes that the present market trend is a significant sectoral churn.

TimesofIndia.com. He added, “Team India doesn't need any foreign coaches. They have plenty of options and talent. After Dravid, no one can be the best and bigger than Gautam Gambhir.

₹114 to ₹120 per share. At the upper-end of the price band, the company plans to raise ₹132 crore from the issue which is entirely a fresh issue of 1.1 crore share.The NBFC intends to utilise the fresh issue proceeds for augmenting its capital base.Akme Fintrade India IPO lot size is 125 shares and the minimum investment amount required by retail investors is ₹15,000.

Uno Minda shares appears set to continue, even after 15 consecutive months of upward momentum without significant pullbacks. In today's trade, the shares extended their bull run, reaching a new all-time high of ₹1,188 apiece with a 12.60% intraday gain.This latest spike in share prices followed a report from global brokerage firm Goldman Sachs, which initiated coverage on the stock with a 'buy' rating and set a target price of ₹1,350 apiece.

Also Read: MOSL advises multi-asset investments after election results: Here's what it recommends for equity, gold, fixed income“Factoring in favourable macroeconomic tailwinds, leading to an upgrade in our blended Nifty-50 target to 25,683 (from 24,084 earlier). The preference for large-caps remains.

Congress party urged Prime Minister Narendra Modi to take responsibility for stopping the paper leaks. Indian National Congress president Mallikarjun Kharge in a post on X referred to the cancellation of the University Grants Commission-National Eligibility Test (UGC-NET) as a «victory of spirit» of millions of students. He further said that it was the «defeat of the Modi government's arrogance.»

JP Morgan announced the inclusion of Indian government debt in its emerging markets index, the incremental ownership of sovereign bonds by foreign portfolio investors has climbed more than $10 billion, with purchases topping the billion-dollar threshold so far this month. As of June 18, the indicative value of aggregate FPI holdings in Fully Accessible Route (FAR) government bonds was at ₹1.79 lakh crore, having registered an increase of ₹84,105.70 crore (around $10.01 billion) from September 22, 2023 — the day JP Morgan announced India's index inclusion, Clearing Corporation of India (CCIL) data showed.

Private lenders surged in choppy trading on Wednesday helping the Bank Nifty index cross the 51,000-mark for the first time, bolstered by liquidation of bearish derivative bets. The index comprising nine private and three state-owned lenders hit an all-time high of 51,957 before closing at a record 51,439.9, up 2% over Tuesday. The Sensex ended 0.1% higher, while the Nifty fell 0.2% after shuttling between gains and losses.