India Financial News

10-year benchmark sovereign bond yield retreated below 7% on lower than expected domestic and US inflation prints, although calling the formal start to an easing cycle is rather difficult still after last week's Mint Road assertion that domestic conditions largely would dictate its monetary policy approach. Yield on the 10-year securities retreated to 6.98% Thursday after India's retail inflation eased to a one-year low of 4.75% in May, as against an 11-month low of 4.83% the previous month.

Giorgia Meloni greeted European Commission President Ursula von der Leyen and German Chancellor Olaf Scholz with a 'Namaste' at the G7 Summit in Italy. The traditional Indian greeting, symbolizing respect and mutual recognition, highlighted solidarity among the world leaders. The video of this greeting quickly went viral, evoking reactions from netizens, including one who commented, «Namaste karna sikh gai (learnt how to do Namaste).»

India will remain the region's fastest-growing economy, sustaining last year’s domestically driven momentum and its policy momentum is expected to continue as the new government takes charge with a reduced majority, according to ratings firm Moody’s. “We anticipate policy continuity after the general election, and a continued focus on infrastructure development and encouragement of private sector investment” the ratings firm said in a report. In the first half of calendar year 2024, Indonesia, Philippines and India led the way and should continue to outperform pre-COVID growth numbers on the back of rising exports, local demand and government spending lift.

Tata Motors' electric vehicles, the Tata Nexon EV and Tata Punch EV, have received five-star safety ratings in the latest Bharat NCAP crash tests. These electric SUVs excelled in both the adult and child occupant safety categories, adding to their appeal as safe and reliable choices for consumers.

Jayant Chaudhary, minister of skills development and entrepreneurship (independent charge), on Thursday, called for increased collaboration with the industry partners to enhance the scope and effectiveness of apprenticeship and vocational training programmes in India besides . During a comprehensive review of the skilling schemes with the top ministry officials, Chuadhary reiterated on providing quality skill training to the youth, across the country, with a special focus on marginalized communities, backward areas, and new-age market relevant skills, the ministry of skills development and entrepreneurship (MSDE) said in a statement. Elaborating on the necessity of a unified effort to ensure the successful implementation and expansion of skill development initiatives across the nation, Chaudhary said that focus should be on close collaboration and convergence with other ministries and states to bring scale and speed to the skill ecosystem.

Supreme Court on Thursday that it has decided to cancel the grace marks awarded to 1,563 students in this year's all-India medical entrance examination, National Eligibility-cum-Entrance Test (Undergraduate) (NEET-UG) 2024 due to allegations of discrepancies. These candidates will be notified of their actual scores, excluding the grace marks, and will be given the option to appear for a re-test, the counsel representing the Union government said.

The heads of the Group of 7 nations — Britain, Canada, France, Germany, Italy, Japan and the United States — started their annual summit Thursday at a luxury hotel in Puglia on the southern Italian coast, overlooking the Adriatic Sea. The wars in Ukraine and the Gaza Strip and the threats posed by China's economic rise are high on the agenda.

Flexible workspace provider WeWork India on Thursday opened its first Chennai co-working space in Olympia Cyberspace in Guindy, making this the 55th building for the company in the country. The facility spans over 130,000 sq. ft. and has 2,000 seats available across two floors. It has also already signed on members like Wheelocity Fresh, Molex India, Dr. Wamser + Batra India and H2O LLC.

IndiGo has announced new routes connecting Durgapur with Bhubaneswar, Bagdogra, and Guwahati. These new flights will commence on August 30, a statement by the airline said. Flights between Durgapur and Bhubaneswar will operate daily, Durgapur-Bagdogra four times a week, and Durgapur-Guwahati thrice a week, the statement added. Vinay Malhotra, head of global sales at IndiGo, said, «We are pleased to announce new routes connecting Durgapur with Bhubaneswar, Bagdogra, and Guwahati. With these direct flights, we aim to provide our customers with further seamless connectivity.» With the addition of these services, IndiGo will now operate 42 weekly flights from Durgapur, significantly enhancing trade, travel, and tourism across eastern India, the statement said.

IT sector, according to a report released on Thursday. The highest share of job postings for freshers was witnessed by the IT and staffing industry with over 32 per cent and 12 per cent share of jobs, respectively, dedicated to entry-level professionals, foundit (formerly Monster APAC & ME) report on fresher hiring trends. Additionally, it revealed that the demand for freshers has increased 5 per cent over the last six months. The report is based on an analysis of data on foundit platform from May 2023 to May 2024.

acquisition of Penna Cement will be funded through internal accruals. In its edition dated June 13, ET reported that the Adani Group is in talks to acquire Penna Cement. The Group is also evaluating other cement companies for acquisition including Gujarat-headquartered Saurashtra Cement and the cement business of Jaiprakash Associates as well as ABG Shipyard-owned Vadraj Cement.

Vodafone Idea (Vi) plans to raise upto Rs 2,458 crore through a preferential issue of equity shares to its two European gear vendors Nokia and Ericsson, clearing part of their pending dues and setting stage for Vi’s 4G expansion and 5G rollout. “The Board of Directors of Vodafone Idea Limited (“VIL” or the “Company”), today approved preferential allotment of ~166 Crore equity shares of face value of Rs. 10/- each, at an issue price of Rs. 14.80 per share, for an aggregate consideration of up to Rs. 2,458 crore, to two of its key vendors, Nokia Solutions and Networks India Private Limited (“Nokia”) and Ericsson India Private Limited (“Ericsson”),” Vi said in a statement on Thursday.

Italy to attend an Outreach session at the G7 summit, Prime Minister Narendra Modi on Thursday said its focus would be on artificial intelligence, energy, Africa, and the Mediterranean. Modi said this in a departure statement before leaving for the European nation in his first foreign trip after becoming prime minister for a third term. The prime minister said issues crucial for the Global South will also be deliberated upon at the Outreach session. The G7 summit, to be held in the luxury resort of Borgo Egnazia in Italy's Apulia region from June 13 to 15, is expected to be dominated by the raging war in Ukraine and the conflict in Gaza.

₹327. Also Read: OPEC+ to support Brent at $80/bbl; ONGC/Oil India placed well on dividend pay, valuations‘’The company is expected to improve its earnings performance backed by increased production at KG 98/2 field, improved realisations, monetisation of discoveries, increased capex and potential adjustment of windfall tax.

Indian stock markets regained their composure after a period of volatility, with a significant rise in the share of stocks that traded in positive territory. This came after a whirlwind of emotions that gripped investors in the lead-up to and the aftermath of the election results last week. “The Indian stock market has shown strong resilience after the recent election results," said Kranthi Bathini, director of equity strategy at Wealth Mills Securities.

Also Read: Why is gold price nosediving today after US Fed meeting?Positive indications from the Fed regarding potential rate cuts are particularly significant for markets, especially those in India, and specifically for Indian IT companies. This is because Indian IT firms generate a substantial portion—over 70%—of their revenues from the United States.

T20 World Cup 2024, Hardik Pandya delivered phenomenal spells, especially against Pakistan, a game which went to the final ball. All the trolling and then rumours about his disrupted marriage don't seem to affect him that much, and Hardik Pandya is looking back in shape. Hardik Pandya's recent interaction with Australia legend Ricky Ponting might provide closure to Indian cricket fans, who are still confused about the buzz around his divorce.

NEW DELHI:The union health ministry has set several deadlines for timely implementation of healthcare initiatives.These include an effective drug delivery supply chain management system at primary heathcare level by the end of this year, and National Quality Assurance Standards (NQAS) certification for at least 50% of public health facilities by December 2024 and 100% compliance by 2026.This follows a discussion held during the third National Conference of Chief Secretarieslast December on the theme of ‘promoting ease of living’.As part of the plan, the health ministry has identified several action points for its timely implementation.The Centre has directed states/UTs to complete Ayushman cards for the remaining 200 million beneficiariesby 31 December. Directives have also been issued for enhanced use of IT (information technology) to ensure availability of health professionals at the health facilities.Also Read: Centre extends scheme by another year to digitize patients' health record“Conduct mock drill to ensure preparedness and efficiency, for outbreak such as covid.

This extension follows the brand’s successful five-year partnership with the ICC between 2018 and 2023. Cricket has always been a key consumer engagement pillar for Royal Stag, and the brand’s continued association with ICC and the world’s best cricketers like Rohit Sharma, Jasprit Bumrah and Suryakumar Yadav, has helped endear the brand to millions of cricket fans across the globe.The association has seen multiple large-scale campaigns like #ItStartsWithYou, #InItToWinIt and #LargeHumaaraHai driven through 360-degree media amplification, digital engagement, innovative technological interventions, and unmatched fan experiences; keeping the brand’s ‘Live It Large’ philosophy at the forefront.On the brand’s association with ICC, Kartik Mohindra, Chief Marketing Officer, Pernod Ricard India said, “Royal Stag has always stood by its brand philosophy of ‘Live it Large,’ inspiring people to dream large and be the creators of their own destiny. Our journey with cricket started in 2000 and since then we have only strengthened our association with the sport, creating a huge impact on cricket fans across the country. We are delighted to renew our partnership with the ICC as it enables the brand to continue delivering ‘Live It Large’ experiences to die-hard cricket fans everywhere."ICC Chief Commercial Officer, Anurag Dahiya said: "The ICC is delighted to extend its partnership with Royal Stag for a further four years. I am excited for us to partner with a brand like Royal Stag, a global leader in their field, to work together on redefining the fan experience and bringing people closer to the game than ever before."Akanksha Kacker, Avian WE, [email protected]; Jasmine Parnami, Avian WE, [email protected]: This

Indian stock market: On Thursday, June 13, the Sensex and Nifty 50, India's leading stock market indices, reached new all-time highs during the session. This surge was driven by robust macroeconomic indicators, fostering optimism regarding India's economic growth prospects in the medium to long term.In the trading session, the Sensex reached a new all-time high of 77,145.46, and the Nifty 50 achieved a new peak of 23,481.05.Also read: What does Fed's indication of single rate cut mean for Indian IT stocks?By the end of the day, the Sensex concluded at 76,810.90, marking an increase of 204 points, or 0.27%.

Gullak without also speaking of Wagle Ki Duniya. Based on RK Laxman’s beloved ‘Common Man,’ the 1980 show directed by Kundan Shah starred Anjan Srivastava and Bharti Achrekar and painted a vivid picture of the average middle-class family as it stood 40 years ago. The ongoing SonyLiv show Gullak — created and directed by Shreyansh Pandey — is a worthy descendant, a slice-of-life series showing us that no matter how far the country may and may not have come in the last four decades, the great Indian middle-class grapples with the very same contradictions and insecurities.