India Financial News

technology is that we know it can help in key areas, and we know it can create educational tutors. We have seen several projects in India and the US that are showing great results. The potential is incredible if we knew that all it did was make jobs more productive," Bill Gates said.

Automobile retailers' apex body FADA on Friday voiced its concern on the high inventory level and said it is planning to take up the matter with the Society of Indian Automobile Manufacturers (SIAM). At the third edition of the Finance and Insurance Summit 2024 here, Federation of Automobile Dealers' Association (FADA) President Manish Singhania also demanded continuity in the FAME-3 policy and in infra push. Singhania said in 2018-19 was a very bad year for the automobile dealers in the country when 280-odd dealerships had gone out of business, and FADA does not want that to happen again. «We are cautious about the inventory levels because anything above 30 days starts hitting the dealerships. We follow a cycle where the dealer takes funds from banks, which are paid back with interest in 60 days.

Here's a comprehensive update on all the movies and series scheduled to leave Netflix in the United States throughout July 2024. This includes both licensed and Original titles, all set to expire by the end of the month. Viewers should catch these soon-to-depart favorites before they disappear from the streaming platform.

Zelenskyy, while holding talks with Prime Minister Narendra Modi, discussed the functioning of the Black Sea transport corridor to increase exports of sunflower oil to India. On the sidelines of the G7 Summit, Ukrainian President Volodymyr Zelenskyy met with Prime Minister Narendra Modi in Italy. «The President spoke about the functioning of the Black Sea transport corridor, which makes it possible to increase exports of sunflower oil to India and turnover of other categories of goods,» the Ukrainian president's website read.

National Testing Agency (NTA) on Friday said that it would issue the admit cards for the University Grants Commission (UGC)-NET exams by tonight. The NTA will conduct UGC-NET in OMR mode across India on June 18. «NTA plans to issue UGC-NET admit cards by tonight. Please check at https://ugcnet.nta.ac.in Wishing the best to all the candidates who are going to take UGC-NET on 18 June 2024», said Mamidala Jagadesh Kumar, Chairman, UGC.

Also Read: Airfares have soared, but summer travellers don't careHow did the traffic not grow? The growth has been on the edge for a while until countries enticed Indians with visa-free travel or visa on arrival, which has been the case with Thailand and Malaysia. While travel to South East Asia has been on the rise, largely led by increased connectivity, travel to Europe and North America is yet to see its heydays.Europe has seen an ongoing war since 2022, along with the delay in issuing Schengen visas.

₹7,904 crore, the company said in a statement. It did not reply to a Mint query on how much it has prepaid in total.The move will save costs for the No 2 telco which was paying the highest interest rate of 9.75% and 10% for auction years 2012 and 2015, respectively.In the 2015 auctions, Airtel acquired 111.6 MHz of spectrum for ₹29,130.20 crore.

Infosys Q1 Results: India's second-largest software services major will hold its board meeting on July 18 to consider and approve its April-June quarter results of the current fiscal (Q1FY25). The financial results of the June quarter will be presented to the Infosys' Board of Directors on July 18, 2024 for their approval.In a regulatory filing to the stock exchanges, Infosys said, ‘’The Board of Directors of the Company will be held on Wednesday and Thursday, July 17 and 18, 2024 inter alia to:--Approve and take on record the audited consolidated financial results of the company and its subsidiaries as per Indian Accounting Standards (INDAS) for the quarter ending June 30, 2024;--Approve and take on record the audited standalone financial results of the company as per INDAS for the quarter ending June 30, 2024; and--Approve and take on record the audited financial statements of the company and its subsidiaries as per INDAS and IFRS for the quarter ending June 30, 2024.'' On April 18, the Sahil Parekh-led tech giant reported a rise of 30 per cent in net profit at ₹7,975 crore in the January-March quarter of FY24, compared to ₹6,134 crore in the year-ago period.

₹38,000 across selected variants (via HT Auto). The base model of the MG Astor remains priced at ₹9.98 lakh (ex-showroom), maintaining its competitive edge in the market.

foreign exchange reserves touched a fresh high of $655.8 billion for the second consecutive time in the week ended 7th June, central bank data showed. The total reserves rose by $4.3 billion and were primarily driven by foreign currency assets which rose $3.7 billion to $576.3 billion. The last record high was just a week ago when the reserves touched $651.5 billion. The rise in the foreign exchange reserves was likely driven by the RBI’s dollar purchases after the rupee appreciated last week.

IoT) devices in homes, which enhance security, energy efficiency, and convenience. Startups specializing in smart home solutions are expected to see substantial growth during this period, according to a joint report by by Resurgent India and NAREDCO. Additionally, the green buildings market in India is set to rise significantly, contributing USD 39 billion (Rs 3.2 lakh crore) by 2025. This trend reflects the growing emphasis on sustainable construction, with green buildings becoming a larger share of new developments.

Goldman Sachs Funds sold 40.6 lakh shares worth Rs 43 crore in Restaurant Brands Asia (RBA) on Friday via block deal. The shares were sold at a price of Rs 105.53 apiece, which was at a discount of 1.30% to Thursday’s closing price of Rs 107 on the BSE. The information of buyers is still not available on the BSE.

HDFC Bank vs Axis Bank: Leading private lenders HDFC Bank and Axis Bank received bullish-to-neutral ratings from domestic brokerage firms after declaring their January-March quarter results for fiscal 2023-24 (Q4FY24). According to BSE data, HDFC Bank currently commands the top spot as India's largest banking major by market cap, followed by Axis Bank at the third rank.The Nifty Bank index settled 0.31 per cent higher at 50,002 on Friday, June 14 after the benchmark Nifty 50 index touched a record high of 23,481 level in the last 30 minutes of today's trading session.

Arundhati Roy and former Central University of Kashmir professor Sheikh Showkat Hussain under the stringent Unlawful Activities (Prevention) Act for allegedly making provocative speeches at an event in 2010, according to Raj Niwas officials. It was alleged that Roy, while delivering a speech at the conference, strongly propagated that Kashmir was never a part of India and was forcibly occupied by the Armed Forces of India. The FIR against Roy and Hussain was filed following orders from the Court of Metropolitan Magistrate, New Delhi. «Delhi Lt Governor VK Saxena has sanctioned the prosecution of Arundhati Roy and former Professor of International Law in Central University of Kashmir, Dr. Sheikh Showkat Hussain, under section 45 (1) of Unlawful Activities (Prevention) Act in the case,» a Raj Niwas official said.

consumer education and protection. The Telecom Regulatory Authority of India (Trai) on Friday amended regulations 6 and 13 of the Telecommunication Consumers Education and Protection Fund (TCEPF) principal rules to enable utilisation of the fund for expenses relating to preparation, maintenance, audit of accounts, and for the participation of representatives of consumer groups attending meetings of the Committee for Utilisation of Telecommunication Consumers Education & Protection Fund (CUTCEF). The regulator, though, dismissed telcos’ call for tapping the TCEPF corpus for conducting consumer education workshops, saying operators are already arranging such consumer outreach programs regularly to improve customer experience as mandated by Trai. It also rejected industry demands for increasing the representation of telecom service providers in the CUTCEF, saying the current telco presence in the panel is adequate.

penalty of Rs 1.45 crore on the Central Bank of India for non-compliance with certain directions related to 'loans and advances' and 'customer protection'. The RBI had conducted a statutory inspection for Supervisory Evaluation (ISE 2022) of the Central Bank of India with reference to its financial position as of March 31, 2022. A notice was issued to the bank, advising it to show cause as to why a penalty should not be imposed on it for its failure to comply with the directions, the RBI said. After considering the bank's response, the RBI found that charges against the bank were sustained.

CBI conducted searches at 14 locations on Friday after registering an FIR into the alleged Rs 5717-crore bank fraud by Chhattisgarh-based SKS Power Generation Ltd, officials said. In its FIR, registered on the orders of Allahabad High Court, the CBI has alleged that company promoted by SKS Ispat and Power Ltd. (SKSIPL) had availed Rs 6,170 crore loan from State Bank of India (SBI), L&T Infrastructure Finance Limited, PTC India Finance Limited, and State Bank of Bikaner and Jaipur which resulted in the default of Rs 5717 crore, they said. The CBI has booked Anil Mahabir Gupta, Director of SKS Power Generation (Chhattisgarh) Ltd, Anish Anil Gupta, Director of SKS Ispat and Power Limited, Mumbai and 26 others including two officers of State Bank of India, they said.

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Elon Musk’s historic $56 billion pay package. If the tech billionaire was an Indian company, he would have been ranked the fifth largest on the list of major corporations in India by revenue. On Thursday, the electric vehicle manufacturer’s board approved Musk’s $56 billion pay package, supporting his leadership and incentivising his focus on the auto giant.

Tata Motors in terms of market capitalisation (mcap) earlier today. M&M shares hit three per cent upper circuit at a fresh 52-week high on the robust momentum.

cricket analyst. She was encouraged to ask any questions, believing that viewers at home might have similar queries.“I'm not supposed to represent a purist; I'm supposed to represent the common person, common person," she thought.However, when Bedi posed these questions, the experts beside her often ignored her and continued speaking without acknowledging her input.