India Financial News

National Security Act (NSA) has been invoked against four individuals accused of throwing a severed cow head onto a temple premises in Jaora town, Madhya Pradesh. The incident, which occurred early Friday morning, led to heightened tensions and increased security measures in the town located in Ratlam district. Details of the Incident In the early hours of Friday, two individuals on motorcycles allegedly threw cow body parts onto the temple premises, leading to unrest in the community. Authorities swiftly acted, arresting four persons under various sections of the Indian Penal Code for hurting religious sentiments and other offences. Deputy Inspector General (DIG) Manoj Kumar Singh confirmed these details to reporters.

Nifty remains locked within a narrow range of 23,200-23,500. If it breaks out above 23,600, the index can rally as much as 24,000 depending on news flow around the upcoming Union Budget and 100-day plans by various ministries. However, recent movements in Nifty suggest a time-based correction. «A near-term consolidation seems probable as domestic investors await cues from the upcoming union budget. There is a growing opinion that the government could place emphasis on welfare, giving a fillip to consumption-led stocks,» said Vinod Nair, Head of Research, Geojit Financial Services.

Rajya Sabha will inaugurate the newly constructed Prerna Sthal in the presence of the Speaker of Lok Sabha, Deputy Chairman of Rajya Sabha and Minister of Parliamentary Affairs on Sunday evening. According to an official press release, all Members of Rajya Sabha and Lok Sabha have also been invited to the programme. The statues of great leaders and freedom fighters are installed inside the Parliament House Complex. These great Indians made significant contributions in the history of India, cultural renaissance and the freedom struggle. These statues were located at different places in the complex, which made it difficult for visitors to properly see them.

Bakrid and Jyeshtha Ganga Dussehra, the police in Noida and Greater Noida have announced the implementation of restrictions under Section 144 of the CrPC from Sunday to Wednesday. These measures are aimed at ensuring peace and harmony during the festive period. Ganga Dussehra is set to be celebrated on Sunday, while Bakrid will be observed on both Sunday and Monday. The police order prohibits public prayers, worship, processions, and other religious events in public spaces without special permission. Additional DCP Hirdesh Katheriya emphasized the need for these measures due to the potential threat posed by anti-social elements disrupting peace. The order also highlights the risks of protests from various groups and emphasizes preventing any activities that could create an adverse environment.

June 16 across various exam centres in India. This examination, originally scheduled for May 26, was postponed due to the recently concluded Lok Sabha elections. The exam is the first of three stages in the selection process for officers of the Indian Administrative Service (IAS), Indian Foreign Service (IFS), Indian Police Service (IPS), among others. Arrangements in Place for Candidates

Motorola Edge 50 Ultra confirmed to launch in India on June 18: Expected price, specifications and moreAccording to a report by 91Mobiles, Motorola Razr 50 Ultra may pack a 6.9 inch OLED display with a resolution of 2640 x 1080 pixels. Meanwhile, there may also be a 3.6 inch cover display. The upcoming premium smartphone could be powered by the Qualcomm Snapdragon 8s Gen 3 chipset.

ANI.Meanwhile, India will now head into the Super 8s with 7 points and a Net Run Rate (NRR) of 1.137, finishing at the top of the Group A table. Canada team with three points, has been eliminated from the tournament.India has already qualified for the Super 8 after clinching three consecutive wins in Group A.

Hyundai Motor India Ltd (HMIL) will drive parent Hyundai Motor's ambitious strategy to make India a key export hub to expand its global business, besides seeking gains in the domestic market, said senior industry executives with knowledge of the matter. As part of this, the company plans to introduce nearly half a dozen electric vehicles over the next four years for local sales and exports, as more assembly lines come on stream in India. «Hyundai has been constrained by capacity the last couple of years,» said one of the persons cited. «The company has already enhanced capacity at its manufacturing plant in Chennai to 820,000 units per annum to meet domestic demand. With fresh capacity coming in from Talegaon in 2025, Hyundai is looking at ramping up exports from India which have been received well in markets in Latin America, the Middle East and Africa.» HMIL's revenue from exports rose 83% to ₹14,120.92 crore in the last three years, despite geopolitical uncertainties. Revenue from operations in the local market rose 39% to ₹33,274.83 in the same period. As much as 23.4% of the company's total revenue came from the sale of vehicles and parts overseas in FY23. In volume terms, exports accounted for about 21% of total vehicle sales in that fiscal year.

low-salt, low-sugar and nutrition-fortified packaged food with sales of such products having risen in the last five years, according to the latest data from companies, market researchers and the government. This reflects an uptick in healthy eating trends as well as packaged food companies working on improving taste, the reason why sales of such items had failed to gain traction initially. Data show urban India is leading the shift toward healthier food, even though it has also picked up pace in rural areas, where household expenditure on staples such as salt, sugar and edible oil has come down. High levels of sugar, salt and fat in processed goods are seen as a concern amid rising diabetes, obesity and cardiac issues in India and elsewhere. PepsiCo's bottling and distribution company Varun Beverages told analysts last month that 46% of its consolidated sales volumes comes from low-sugar or no-sugar products, which aligns with consumer trends.

India accounted for over a third of all cosmetics sold in India in FY24, despite having less than a quarter of the country's households, with companies saying the region is a hotspot for most of its launches and product innovation. Global consumer researcher Kantar said in its latest report that more than 186 million pieces of cosmetics — including lipsticks, nail polish and eyeliners — were sold in the past year in top 10 Indian cities. «Average makeup usage per person is higher in the east; women in the region like wearing makeup more than any other part of the country. For us, usage is significantly higher in the north too,» said Samir K Modi, managing director, Modi Enterprises, which sells Colorbar brand. «Unlike other markets, where people tend to stick to fewer shades, the eastern region consumes a lot of different shades, even darker ones generally not sold much elsewhere.» Within cosmetics, lip products are the biggest, with 65 million units sold annually, generating close to Rs 1,700 crore revenue in FY24. Face and lip cosmetics together generate close to Rs 2,900 crore, or about 70% of industry value. While 47 million nail cosmetics are purchased annually, their relatively lower cost means they generate about Rs 350 crore. Eye products are the smallest colour cosmetic segment in the country by number of units — sold at 34 million.

BTech graduates in India have narrowed sharply over the years, according to the findings of a Deloitte survey. This could potentially lessen the lure of opting for costly management courses after completing BTech. The pay gap between MBA and BTech graduate salaries has nearly halved to 57% in 2024 from 102% in 2021, according to Deloitte's Campus Workforce Trends 2024 study shared exclusively with ET. «This is without accounting for the investment of time and money,» said Neelesh Gupta, partner at Deloitte.

Bharat Biotech's indigenous rotavirus vaccine Rotovac used in the government's immunisation programme increases the risk of intussusception in infants, a new study found. Intussusception is a condition where the intestine telescopes into itself and can lead to gangrene of the bowel or death if not treated immediately. The study has been published in the International Journal of Risk and Safety in Medicine. Bharat Biotech has dismissed the findings claiming the vaccine has been evaluated for safety. The study, co-authored by Jacob Puliyel, MD of the International Institute of Health Management Research, India, and Brian Hooker, chief scientific officer, Children's Health Defense, found that there was a 1.6-fold increase in the risk of intussusception in the vaccinated, which was missed in the earlier analysis.

MeitY) minister Ashwini Vaishnaw said. «We will be as extensive as we can. We will not rush through and prefer a consultative process. In parallel, we are working on creating a digital by-design platform, so that the implementation can be done in a digital form,» Vaishnaw said. ET reported on June 12 that the IT ministry aims to release the proposed administrative rules under the DPDP Act for public consultation before the start of the upcoming Parliament session in July to give ample time for stakeholders to deliberate on the finer nuances of the rules.

NCP (SP) chief Sharad Pawar on Saturday described as "misuse of power" the Delhi Lieutenant Governor's sanction to prosecute author Arundhati Roy under the stringent UAPA for an alleged provocative speech in 2010. He was speaking to reporters during a joint press conference with Maha Vikas Aghadi allies Shiv Sena (UBT) chief Uddhav Thackeray and senior Congress leader Prithviraj Chavan. Asked about Delhi L-G VK Saxena's sanction to prosecute Roy under the Unlawful Activities (Prevention) Act, or UAPA, for an address at an event 14 years ago, the former Union minister said, «This is nothing but misuse of power.» Besides Roy, Saxena on Friday also gave the green signal for action under UAPA against former Central University of Kashmir professor Sheikh Showkat Hussain.

World War 3 begin next week? A week after observing the 80th anniversary of D-Day when the Allied forces had landed at Normandy in World War 2, will another internecine war erupt soon? This question looms over world leaders, defense experts, historians as well as astrologers. All eyes are set on Indian astronomer Kushal Kumar, who predicted the beginning of Word War 3 on June 18, 2024. Dubbed as 'new Nostradamus', he told the 'Daily Star', «NOW, Tuesday, 18 June 2024 has the strongest planetary stimulus to trigger WW3.» Earlier, he predicted the death of Iranian President Ebrahim Raisi, who died in a helicopter crash last month. In a post on 'The Medium', Kumar, cited a recent terror attack on Hindu pilgrims in the Indian administered state of Kashmir. He has also talked about the shots fired at the Demilitarized Zone between North and South Korea. The 'new Nostradamus' has also talked about the escalation of tension and conflict between Israel and the Islamist militant organization Hezbollah, after the Lebanon-based outfit fired rockets at the Jewish state.

Britain, our destination. Similar gaffes have occurred in the past. In the 15th century, Christopher Columbus landed in what he thought was India, but it was America. This case of mistaken identity caused the Italian navigator to call the local inhabitants 'Indios', Indians, an appellation that would be used for centuries to refer to indigenous Americans. What I was wondering on the long ride from the airport to the city was where the dickens I'd landed. Because London seemed transformed by some wave of a Hogwarts wand into an ersatz America.

Florida on Saturday was abandoned due to wet outfield without a ball being bowled. The umpires decided to abandon the match after an inspection at 11.30 AM local time (9 PM IST). Earlier there were initial inspection held at 10 AM local time (7.30 PM IST) and 10.30 AM local time (8 PM IST).

fire incident in Kuwait on June 12, were held at their respective hometowns in Kerala on Saturday where hundreds came to bid adieu. The bodies of 23 Keralites who lost their lives in the fire that happened in one of the residential accommodations of a company at Mangaf in Kuwait, were brought to the state on Friday in a special flight from the Gulf nation. The funerals of 12 Keralites were held on Friday itself, while four of them were held today. The funerals of Lucas and Sajan George from Kollam, Aneesh Kumar from Kannur and Akash S Nair from Pathanamthitta were held today.

₹325 crore and an Offer-for-Sale (OFS) of 65.27 lakh equity shares by promoters and an investor according to the draft red herring prospectus (DRHP).Private equity firm Mandala Capital AG Ltd is offloading 49.27 lakh shares through the OFS route.Proceeds from the fresh issue to the tune of ₹240 crore will be used for debt payment and the remaining amount for general corporate purposes.The Maharashtra-based Godavari Biorefineries is one of the prominent manufacturers of ethanol-based chemicals in India.The company's diversified product portfolio comprises bio-based chemicals, sugar, different grades of ethanol and power. These products find application in a range of industries such as food, beverages, pharmaceuticals, flavours & fragrances, power, fuel, personal care and cosmetics.According to Frost & Sullivan Report, the bio-based chemicals market has been growing exponentially owing to the increasing need for environmentally sustainable solutions.

Reasons to buyReasons to avoidThe Bajaj Rex 500-Watt Mixer Grinder is a popular choice known for its powerful performance. With its 500-watt motor, it offers efficient grinding of various ingredients. This mixer grinder is ideal for everyday use and comes with multiple jars for different functions.Reasons to buyReasons to avoidAlso read: Best mixer grinders in India: Top 10 options for effortless blending and grindingThe Bajaj GX 1 Mixer Grinder is a compact and versatile option suitable for small families.

Dividend Stocks: Shares of several major companies including Bajaj Finance, Bajaj Finserv, Tata Steel, HDFC Life Insurance Company, LTIMindtree Ltd, among others among others will trade ex-dividend in the coming week starting from Tuesday, June 18. Along with these, some companies have declared a buyback of shares, while some have announced other corporate actions such as bonus issue and stock splits, according to BSE data.The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.