India Financial News

recently observed several discrepancies in data on heatwave-related deaths in India reported by different wings of the government. The year 2023 was India's second-warmest on record, closely trailing the record-breaking temperatures experienced in 2016, according to the IMD.

₹11,730 crore last week (June 10-15), according to NSDL data. This shift marks a sharp contrast to the intense selling seen in the last couple of months.

PTI in an exclusive interviewPriyanka Gandhi Vadra, a scion of India’s Nehru-Gandhi political dynasty, will make her electoral debut from a constituency recently won by her brother, Rahul Gandhi. Vadra, 52, will contest the by-election in Wayanad in the southern state of Kerala to try and retain a parliamentary seat for the Congress party.On Congress putting up an impressive show during the Lok Sabha elections 2024, Robert Vadra said, "First, I would thank people of India for teaching a lesson to the BJP. They played religion-based politics.

Premier Explosives was one such stock that continued its robust rally. The stock in today's session hit the 10% upper circuit limit to reach a fresh record high of ₹3,882 apiece.Over the last eight sessions alone, the stock has surged from ₹2,186 to its current price, marking an impressive rally of 77.60%.

India and the U.S. have pledged to boost defense and technology cooperation and remove long-standing barriers to bilateral strategic trade, following a meeting between the national security advisers of both countries

Shares are mostly higher in Asia after U.S. stocks rallied to more records, with gains for technology companies pushing the benchmarks higher

Sony Pictures Entertainment on Tuesday said it has appointed Nachiket Pantvaidya as General Manager of Sony Pictures International Productions (SPIP), India. He will oversee local Indian production while working alongside Shony Panjikaran, General Manager and Head of Sony Pictures Releasing International, India, the company said in a statement. «As he takes up this new assignment, he will continue to perform his duties as CEO, Sony Entertainment Talent Ventures in parallel,» it added. An industry veteran, Pantvaidya was the Group CEO, Balaji Telefilms and Business Head of Sony Entertainment Television. He was also the Business Head of Star Plus and held several roles in the Star TV network, including Head of Star Pravah and Managing Director of Fox Television Studios.

«Many people may be feeling getting carried away with the kind of wealth being created in India as an equity investor, this is something once in a century kind of thing happening and when we feel this is likely to continue for next 5, 10, 20 years, that is more exciting,» says Porinju Veliyath, Equity Intelligence India. But like they say on when it is birthday, that means gifts and gifts for ET Now means gifts for ET Now viewers. And gifts from Porinju is always is if you give stock ideas and tips. I think, investors have been very-very blessed and happy in the last many years, especially after the COVID. I used to always use this word lucky, lucky to be in this profession, lucky to be in this domain. It is not a small thing. Many people may be feeling getting carried away with the kind of wealth being created in India as an equity investor, this is something once in a century kind of thing happening and when we feel this is likely to continue for next 5, 10, 20 years, that is more exciting.

special Lok Adalat from July 29 to August 3 to facilitate amicable settlement of suitable pending cases. The special Lok Adalat will be organised in the 75th year of the establishment of the apex court, which came into existence on January 26, 1950 with the coming into force of the Constitution. In a statement, the apex court said Lok Adalats are an integral component of judicial system in the country, enhancing alternative dispute resolution as a means of expediting and fostering amicable settlements. «In the 75th year of its establishment, the Supreme Court of India is organising a Special Lok Adalat from July 29, 2024 to August 3, 2024 to facilitate amicable settlements of suitable pending cases,» it said.

AIMIM president Asaduddin Owaisi on Tuesday said children should not grow up «glorifying criminal acts» in reference to Babri Masjid demolition being tweaked in NCERT textbooks. In a post on 'X', the Hyderabad MP said India's children should know that the Supreme Court called the demolition of Babri Masjid an «egregious criminal act». «The NCERT has decided to replace Babri Masjid with the words „three domed structure.“ It has also decided to call the Ayodhya judgement an example of „consensus.“ India's children should know that the Supreme Court called the demolition of Babri Masjid an egregious criminal act,» Owaisi said. The AIMIM chief further said India's children should know that a functioning masjid was «desecrated» in 1949 and then demolished by a mob in 1992. «They should not grow up glorifying criminal acts,» he said.

IPO vs QIP shares: Amid the buzz of around ₹30,000 crore money getting raised in the Indian primary market through fresh Initial Public Offerings (IPOs) in the next two months, retail investors are eagerly waiting for the launch of fresh IPOs from the quality business houses like Bajaj Housing Finance, Haldiram, Prestige Estate, Ola Electric, Swiggy, Waree Energy, etc. However, if we go by the expert's opinion, the Indian stock market is preparing for a fresh rally after Modi 3.0 took charge in the centre.

Long-term capital gains (LTCG): Profits from the sale of equity shares held for more than 12 months are classified as LTCG. But the same for land or real estate transactions are considered LTCG if the holding period is 24 months. LTCG, from the sale of equity exceeding ₹1 lakh in a fiscal year, is taxed at 10% without indexation benefit.

Also Read: ‘Economy to grow at 8% in FY25, green shoots visible in rural consumption’Amid this backdrop, alcohol companies have seen their volumes grow strongly, leading to higher realisations per case. Notably, the premium segment continued to see strong positive traction, while the demand trends in the regular category remained below expectations owing to a general up-trending by certain consumers and a slowdown at the lower end.

Bondada Engineering share price was locked in a 5% upper circuit on Tuesday after having received a large order from Bharti Airtel Ltd. The Bondada Engineering share price after having risen 1610% in last one year has given Multibagger returns to the investors.Bondada Engineering share price that opened at ₹2554.40 on the BSE on Tuesday, opened with gains of 4.8% over the previous day closing at ₹2436.80. The Bondada Engineering share price thereby scaled all time high of ₹2,558.60 on Tuesday, marking gains of 5%.Bondada Engineering had recently won order worth Rs.

₹11,200. According to the brokerage's analysis, Hyundai Motor India outperformed Maruti Suzuki in terms of profitability due to a stronger mix (about 63% contribution from SUVs vs.

₹2.1 lakh crore, almost double the amount which bond markets expected.While the higher dividend provides larger flexibility to the central government on the fiscal side, the positive surprise enthused the markets, with the benchmark 10 year bond yield ending the month at 6.98%.Also Read: Expert view: Indian stock market not in a bubble, still below the long-term trendline, says Devina Mehra of First GlobalMeanwhile, India’s headline retail inflation fell to a 12-month low of 4.75% in May. Domestic GDP growth for FY24 rose to 8.2% YoY from 7.0% in FY23, while GVA growth rose to 7.2% versus 6.7% in FY2023.

eading electric vehicle (EV) charger and telecom power solutions provider. The share price of Exicom Tele-Systems Ltd has more than doubled since its listing not long ago. On debut, the stock price saw a bumper listing, surging over 86% from its offer price of ₹142.

Speaker of the Lok Sabha next week, it would be the first such instance in the history of Independent India as the presiding officer has always been chosen by a consensus.Elections to the post of the Speaker of the Central Legislative Assembly, the lower house of the Imperial Legislative Council - the legislature of British India, were held for the first time on August 24, 1925 when Swaraj Party nominee Vitthalbhai J Patel won the coveted post against T Rangachariar.Patel, the first non-official member to be elected as the Speaker, won the maiden election with a narrow margin of two votes. Patel had polled 58 votes against 56 garnered by Rangachariar.Also Read: Will INDIA bloc get the Lok Sabha Deputy Speaker post? Explained in 5 PointsBuoyed by its increased strength in the Lok Sabha, the opposition INDIA bloc is now aggressively demanding the post of the Deputy Speaker, which by convention is held by a member of an opposition party."We will force a contest for the post of Lok Sabha Speaker if the government does not agree to have an opposition leader as Deputy Speaker," a senior Congress leader said.The first session of the 18th Lok Sabha will begin on June 24 during which new members of the Lower House will take oath and the Speaker elected.The INDIA bloc won 233 seats in the Lok Sabha elections, while the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) won 293 seats to retain power for the third consecutive term.

The NSE Nifty index was trading 82.71 points up at 23548.3, while BSE Sensex was up 269.86 points at 77262.63 at the time of writing this report.

Family Business Survey 2023 shows that 88% of family businesses in India are poised to embrace a future marked by sustained expansion over the next two years, surpassing the global projection of 77%. Given their vast potential to unlock growth opportunities, The Family Business Excellence Series was launched by family business management consultancy, TriChambers, in Mumbai, to identify aspects that can help such businesses achieve their next level of growth. “The series aims to contribute to India’s economy by collaborating with family businesses, the oldest form of businesses, which are poised to grow exponentially in the times ahead,” Shivani Bagdai, Founder, TriChambers stated in an exclusive interaction with ET Digital.

options trading. The new rules could include higher margins for options contracts and more detailed disclosures, and are being considered after a series of meetings with exchanges, brokers, and fund houses over the past four months, the sources, with direct knowledge of the matter, said.