India Financial News
11.06 / 14:41
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Bankrptcy rule-maker seeks views on cutting red tape to help resolution professionals
NEW DELHI:The Insolvency and Bankruptcy Board of India (IBBI) plans to reduce the compliance burden of debt resolution professionals so that they can concentrate on stitching together rescue plans for companies under their supervision, the bankruptcy rule-maker said. The idea is to reduce the number of forms and volume of information that resolution professionals have to submit and to make the reporting process simpler and efficient, IBBI said in a discussion paper on lowering the compliance burden of these professionals.
11.06 / 14:41
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Features
HMD 105 and HMD 110 with built-in UPI feature launched in India: Price, specs and everything you need to know
HMD 105 and HMD 110 are 2G handsets and feature a 1,000mAh battery, which is said to provide up to 18 days of standby time. It supports 9 input languages and 23 languages for text display.Also Read | Realme GT 6 confirmed to be powered by Snapdragon 8s Gen 3 chip, feature 5,500mAh battery: All we know so farThe interesting thing about these devices is a new built-in UPI functionality, which is said to allow users to make UPI transactions even without internet access.In terms of other specifications, the two devices are said to offer an improved user experience, voice assistance and larger displays.
11.06 / 13:59
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International
No white gold rush: Why interest in Kashmir’s lithium reserves is lukewarm
Financial Times in April 2023 itself that he would “100 percent bid for the lithium blocks" a claim he would reiterate in March 2024. Hindalco Industries, Ola Electric, Vedanta Group and Shree Cement were some of the other interested parties. State-run Coal India Ltd, forever looking to diversify beyond coal, also showed interest.
11.06 / 13:59
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Stocks to buy: Axis Bank, Dr Lal Pathlabs among top four stock picks by SMC Global Securities for this week
Stock market today: Indian stock market benchmarks consolidated for the second consecutive session on Tuesday, June 11, amid weak global cues.Despite opening higher and trading in positive territory for a significant part of the session, equity benchmarks—Sensex and Nifty 50—ended flat on profit booking in the absence of fresh triggers.Sensex hit its intraday high of 76,860.53, but prey to profit booking in the fag-end and ended 33 points, or 0.04 per cent, lower at 76,456.59. Nifty 50 opened at 23,283.75 against its previous close of 23,259.20 and touched its intraday high of 23,389.45.
11.06 / 13:59
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FMCG stocks: Steady monsoon, social welfare thrust likely to aid growth, says Anand Rathi; lists top picks
Also Read: Marico share price up over 31% in less than 3 months. Good time to buy?The brokerage noted that the results of the 2024 general election, particularly the loss of seats in key states like UP and Maharashtra, could prompt the Union government to intensify its focus on social welfare.With upcoming state elections in Maharashtra and Bihar in 2024 and the Budget likely scheduled for July, the brokerage anticipates increased allocation for social welfare schemes, which would boost rural income.The India Meteorological Department (IMD) forecasts above-average monsoon rains at 106% of the long-term average this year.
11.06 / 13:53
11.06 / 13:53
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UCC part of our agenda: Meghwal
Arjun Ram Meghwal on Tuesday said the implementation of a uniform civil code was part of the government's agenda. He also said a solution will be found on the issue of memorandum of procedure — a set of documents on the appointment, elevation and transfer of high court and Supreme Court judges — pending finalisation.
11.06 / 13:53
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2020
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US Presidential Election
2024 US Presidential Election: Should Joe Biden drop out, is he not capable of beating Donald Trump? Details here
Joe Biden drop out of the 2024 US Presidential Election? This question is looming large over the party and the political system of the country as he has slipped to the all-time low rating of 37.4%. Pollster Nate Silver has said that «Biden just hit a new all-time low in approval.» He took to the social media platform X to write that dropping out would be a big risk, but there’s some threshold below which continuing to run is a bigger risk.
11.06 / 13:53
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Twenty-eight ministers of new Modi govt have declared criminal cases: ADR
ministers in the third Narendra Modi government have criminal cases against them with 19 of them facing serious charges such as attempted murder, crimes against women and hate speech, poll rights body Association of Democratic Reforms (ADR) said. Among the ministers facing the most severe allegations, two have declared cases related to attempt to murder under Indian Penal Code section 307.
11.06 / 13:53
11.06 / 13:53
11.06 / 13:45
11.06 / 13:45
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In Andhra Pradesh, Chandrababu Naidu won a political battle; next is fiscal
Chandrababu Naidu has made history by becoming the first chief minister of Andhra Pradesh to get a fourth term, outperforming his father-in-law and TDP founder NT Rama Rao who had got three terms in united Andhra Pradesh.
11.06 / 13:45
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Demon Slayer Season 4: See what the new poster reveals and all we know about storyline, where to watch and more
Demon Slayer: Kimetsu no Yaiba" continues to captivate fans as it progresses through its fourth season. A new poster highlights a significant moment between the Shinazugawa brothers, adding depth to the current arc, a Collider report said.
11.06 / 13:45
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After poll setback, Siddaramaiah says guarantees won’t stop as they were not designed for political gains
Siddaramaiah on Tuesday hit back at the Opposition BJP, sending a firm message to the critics of the Congress party’s guarantee schemes by pledging to remain committed to their continued implementation while heaping lavish praises on the Shakti programme – the free bus ride for women – on the day it completed a year since launch.
11.06 / 13:45
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Had Priyanka fought from Varanasi, Modi would have lost: Rahul Gandhi
Rahul Gandhi said Tuesday that had his sister Priyanka Gandhi Vadra contested the Lok Sabha polls from Varanasi, Prime Minister Narendra Modi would have lost by two or three lakh votes. Addressing a thanksgiving meeting here, he said the INDIA coalition parties fought the election unitedly in Raebareli, Amethi and other parts of the country to reduce the strength of the BJP-led NDA in Parliament.
11.06 / 13:45
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Headline: Who is DJ Avicii and what happened to him?
Tim Bergling who is professionally known by the name DJ Avicii is back in news more than six years after the news of his suicide shocked the world of music. The singer’s final words were revealed in his diary entry. The singer committed suicide at the age of 28 in Muscat, Oman on April 20, 2018. A documentary which premiered at a film festival recently has shed light on his life and the professional hazards of working in the entertainment industry.
11.06 / 13:45
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Welcome to the era of the AI smartphone
Apple and Google announce major software updates that bring new features to our smartphones, such as cosmetic overhauls to the home screen, stronger privacy protections and fun messaging tools. This year, the changes will feel more radical because the companies are focusing on reinventing our phones with artificial intelligence.
11.06 / 13:45
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Industry expects growth-oriented policies; doesn't see coalition as speedbreaker: Anish Shah
industry expects the continuation of growth-oriented policies in the third term of Prime Minister Narendra Modi-led government and the compulsion of coalition politics will not be a speedbreaker, Mahindra Group CEO and MD Anish Shah said on Tuesday. Apart from the continuation of the growth agenda, the industry expects the government to focus on four key areas — manufacturing for the world; women-led development; farm-led prosperity; and sustainability.
11.06 / 13:45
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2020
Shivakumar opens up Bengaluru parks throughout the day amidst civic body polls anticipation
Bengaluru city's parks would now be open to the public from 5.00 am to 10.00 pm, deputy chief minister DK Shivakumar said on Tuesday. The decision, along with several other climate initiatives announcements, comes at a time when the city’s long overdue civic body polls have been expected to be declared.
11.06 / 13:45
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Technical Breakout Stocks: How to trade Tejas Networks, BASF India and Varroc Engineering on Wednesday
Sectorally, buying was seen in capital goods, oil & gas, and telecom while selling was seen in metal, healthcare, banks and FMCG stocks.
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