India Financial News

Hyundai, which plans to raise Rs 25,000 crore through the Indian stock market by selling a 17% equity stake in local unit, has raised concerns about the «frequent changes» in government policy, stating that such moves can impact both investment flows into India and the speed of technological advancements. Having invested nearly Rs 30,000 crore in India since starting operations in 1996, the leading car manufacturer from Korea stressed the importance of stable policies. They believe that consistent government guidelines are crucial for confidently making the necessary technological upgrades mandated by the government, ToI reported. «Another challenge that the industry is facing is frequent changes in policies, which make it difficult for auto industry stakeholders not only to ensure adherence but also commit investments,» the company noted in its Draft Red Herring Prospectus submitted to market regulator SEBI. «Overall policy stability and transparency will be required going forward to ensure smooth technology transition and localisation in the country,» it added.

Ajit Doval on Monday held extensive talks with his American counterpart Jake Sullivan primarily focusing on implementation of the ambitious India-US Initiative on Critical and Emerging Technologies (iCET). The two top security officials are also learnt to have deliberated upon pressing global and regional issues of mutual interest. Sullivan, accompanied by a delegation of senior American officials and industry leaders, is on an official visit to New Delhi from June 17 to 18. Following the launch of the iCET by Prime Minister Narendra Modi and President Joseph Biden on the sidelines of the Quad summit in Tokyo in May 2022, the two NSAs have driven a concerted effort to engage in identified areas of collaboration in diverse domains of new and emerging technologies, including semiconductors, artificial intelligence, quantum computing, defence innovation, space and advanced telecommunications.

ICICI Bank also offers PayLater option which is a pre-approved Credit Line on UPI. With the help of this product, people and companies can obtain bank credit lines that have already been approved. It makes low-cost, high-volume retail loans easier to get, which promotes financial inclusion and economic growth. Now customers can scan to use their credit on UPI with ICICI Bank mobile app’s PayLater option. 3 new Rupay credit card rules: Now apply for EMIs, pay credit card bill, increase limit via UPI app; check details

Durlax Top Surface IPO: The initial public offering (IPO) of Durlax Top Surface Limited is going to hit the Indian primary market on 19th June 2024, i.e. on Wednesday this week.

NEW DELHI : Private equity (PE) firm I Squared Capital and alternative investment firm Stonepeak are vying for Vodafone Group Plc’s 21.5% stake in Indus Towers Ltd in a deal potentially valued at around $2.3 billion, according to two people aware of the development. The talks are in advance stages, the people said. On 14 June, Reuters reported that Vodafone Group was looking to sell its entire stake worth $2.3 billion, as of Friday's closing stock price in Mumbai, in India's largest telecom tower company through stock market deals and had hired Bank of America, Morgan Stanley and BNP Paribas to manage the sale.

Dabur shares have been Emkay Global’s preferred consumption pick given its relatively higher share of rural, diversified portfolios and its sustained thrust on NPDs. The brokerage firm has raised Dabur share price target to ₹700 per share from ₹660 earlier, and has a ‘Buy’ rating on the stock.Also Read: EXPLAINED! Why is Delta Corp share price skyrocketing before Budget 2024?“Dabur remains one of our preferred picks in the sector, given its diversified portfolio and better execution.

₹132 crore initial public offering (IPO) on D-Street next week, with the subscription period running from June 19 to June 21. The company has set the price band for the issue at ₹114-120 per share.Also, the anchor investor bidding date had been set for Tuesday, June 18.Issue size: Akme Fintrade IPO is completely comprised a fresh issue of 1.1 crore shares.

₹5,000 crore mega tender to accelerate the adoption of the Kavach automatic train protection (ATP) technology across 10,000 km of its busy networks. This initiative is aimed at reducing accidents such as the one near Balasore in Odisha last yearthat left nearly 296 people dead and over 1,200 injured. According to two people aware of the development, Indian Railways plans to release two separate tenders, each covering approximately 5,000 km, in the next few months, according to two persons aware of the development.

Trade openness is measured as the ratio of trade to GDP. India’s is close to 50%, as per World Bank data. It used to be 7% in 1970, about 15% in 1980 and 1990, and jumped to 26% in 2000 and 49% in 2010.

power sector has become a darling of the stock market. Fuelled by a booming population, industrial expansion, and scorching summers, the demand for electricity has skyrocketed. Homes and businesses alike are cranking up air conditioners to battle the heat, pushing the national grid to its limits.

Investors looking for sectoral themes can now bet on manufacturing funds as the new government’s focus on the manufacturing sector will ensure a supportive policy environment. The buzz around the manufacturing sector is driving asset management companies (AMCs) to launch new funds to capitalise on the growth potential of this vital sector.

Father’s Day 2024: Fatherhood is one of the fulfilling experiences for a man as it helps him evolve as a person and develop a sense of responsibility. This is the time when a father start prioritizing the needs of another being over his own. Fatherhood is also a time when a man starts becoming a lot more financially responsible.

Residential demand today is at a decadal high and underscores the evolving dynamics of the real estate market, driven by a combination of economic factors and buyer preferences. According to Magicbricks, residential demand has surged by 23.8% over the past three years across major metros.

State Bank of India (SBI) has hiked its marginal cost of funds-based lending rate (MCLR), the minimum lending rate below which a bank is not permitted to lend, by 10 basis points (bps) across all tenures. The MCLR hike is effective from today, June 15. This hike is despite the RBI holding the key interest rate or repo rate unchanged in its June monetary policy review.

Michelin has announced the launch of its most fuel-efficient truck and bus tyre, the Michelin X Multi Energy Z+, for the Indian market. This latest line of made-in-India tyres is engineered for Indian road and load conditions and also takes into account the growing demand for fuel-efficient tyres by Indian fleet owners.

A new study has revealed that Rotovac, an indigenous rotavirus vaccine by Bharat Biotech can lead to bowel complications. The findings of the study were published in the International Journal of Risk and Safety in Medicine.

Among the various types of home loans available, floating rate home loans are a common choice due to their potential for lower initial interest rates and flexibility. Floating rate home loans have interest rates that fluctuate based on market conditions.

Indira Gandhi as "mother of India" received widespread attention, Union Minister Suresh Gopi on Sunday clarified that he called the late leader the mother of the Congress party in the country and his remarks were misinterpreted by the media. The actor-turned-politician said he was a person talking from the heart and he firmly believed that there was nothing wrong in what he said about Indira Gandhi. While addressing the media here, the BJP leader asked the reporters whether they don't understand the «contextual meaning of language». «What did I say? As far as the Congress is concerned...whether anyone likes it or not… K Karunakaran is the father of the Congress party in Kerala. In India, its mother is Indira Gandhi. I said this from my heart,» Suresh Gopi said.

Simone Ashley, who plays Kate Sharma in «Bridgerton», says she hopes she and co-star Jonathan Bailey get an opportunity to return for season four of the popular Netflix series. In the third season of the period drama, Ashley and Bailey reprised their characters Kate and Viscount Anthony Bridgerton. Kate and Anthony, now married and set to welcome their first child, were at the centre of «Bridgerton» season two. «I really hope so,» Ashley said of reprising their roles in the fourth season. «Both Johnny and I, we adore our characters, Kate and Anthony, so much and their relationship and what they mean for the show. I think we'll do all we can with our schedules to make it work so that we can, hopefully,» she told People magazine.

markets evolve, so do the strategies needed to navigate them successfully. The effective methods for staying ahead of market trends, drawing on insights from experienced investors and industry leaders are explored.

Rahul Gandhi said serious concerns about transparency in the country's electoral process are being raised even as the Election Commission rejected the tampering claim.The poll panel said that EVM is a stand-alone device with ‘robust’ administrative safeguards to protect it from manipulation.The row erupted after Mid-Day newspaper published in its report that a relative of Ravindra Waikar, the winning Shiv Sena candidate from Mumbai North West Lok Sabha constituency was allegedly found using a mobile phone "connected" to an EVM during the counting of votes on June 4. Waikar won the election by 48 votes.The report claimed that Waikar’s brother-in-law Mangesh Pandilkar, had used a mobile phone to “unlock" an EVM when the votes were being counted.