India Financial News

Pakistan's central bank cut its key interest rate by 150 basis points on Monday in a widely expected move, marking its first rate reduction in nearly four years in its effort to boost growth amid a sharp decline in retail inflation.

Noor Malabika Das, best known for acting in the legal drama web series ‘The Trial’, was found dead in her Lokhandwala apartment. According to an ANI report, the 37-year-old actress may have committed suicide.

Lada Guruden Singh has stepped down from his role as General Manager, Sony Pictures International Productions (SPIP), India, where he oversaw local production. Singh, who has turned a producer, will continue to work with the studio.

Narendra Modi on Monday will set the ball rolling for his third consecutive term by announcing the key portfolios allotted to ministers a day after their swearing-in ceremony after the first Cabinet meeting.

The Fertilisers and Chemicals Travancore Ltd.(up 14.67%), National Fertilizers Ltd.(up 11.69%), Paradeep Phosphates Ltd.(up 9.97%), Nagarjuna Fertilizers and Chemicals Ltd.(up 9.65%), Rashtriya Chemicals & Fertilizers Ltd.(up 8.84%), Madras Fertilizers Ltd.(up 8.66%), Sikko Industries Ltd.(up 8.42%), Southern Petrochemicals Industries Corporation Ltd.(up 8.38%), Zuari Agro Chemicals Ltd.(up 6.45%) and Gujarat State Fertilizer & Chemicals Ltd.(up 6.02%) stood among the top gainers.

Indian travellers planning short vacations abroad, while the United States, Europe, and Australia were among the preferences for long stays, according to a survey released on Monday.

₹845. This rally was followed by the company's announcement that it would hold a board meeting on June 14 to consider issuing bonus shares."The meeting of the Board of Directors of the Company will be held on Friday, June 14, 2024, to consider and recommend, interalia, capitalization of reserves by issuing Bonus Shares to the Equity Shareholders of the Company, subject to the approval of the Shareholders," said the company in a filing to the exchanges.Also read: Multibagger Stock: Torrent Power records 240% surge in 17 months, zooms 525% in 5 yearsOver the past year, the company's shares have risen by 61.3 per cent, and in the current calendar year, the stock has surged by 73.5 per cent.

Apple WWDC Event 2024 Live Updates: Will Apple make any product launches this year?Every year, Apple unveils the latest versions of its operating systems for iOS, iPadOS, macOS, WatchOS and other devices. This year, however, the WWDC event has taken on a whole new dimension, with reports suggesting that Apple will use the power of AI to make massive changes to its operating systems.We even got a glimpse of Apple's AI strategy during the recent iPad event, where the company unveiled new iPad Air and iPad Pro variants.

Kissflow on Monday said it has let go of about 45, or 11%, of its employees as part of an organisation-wide restructuring.

Baroda BNP Paribas Mutual Fund has launched Baroda BNP Paribas Manufacturing Fund, an open-ended equity scheme predominantly investing in manufacturing themes.

Bannari Amman Sugars Ltd.(up 2.84%), Ponni Sugars(Erode)Ltd.(up 2.20%), Triveni Engineering & Industries Ltd.(up 1.53%), EID Parry(India)Ltd.(up 1.39%), Dwarikesh Sugar Industries Ltd.(up 1.03%), Avadh Sugar & Energy Ltd.(up 1.01%), Dalmia Bharat Sugar and Industries Ltd.(up 0.81%), Dhampur Sugar Mills Ltd.(up 0.50%), DCM Shriram Industries Ltd.(up 0.15%) and Vishwaraj Sugar Industries Ltd.(up 0.13%) stood among the top gainers.

Pakistan has urgently called for the return of four children who traveled to India with their mother, Seema Haider, to marry her lover. According to ARY News, the NCRC addressed a letter to the Foreign Office of Pakistan, appealing for the safe repatriation of Haider's children.

Retail investors bid for 17.6 million shares compared to the 7.9 million shares available, as of 11:42 AM on Monday, BSE data showed. The non-institutional segment subscribed 0.47 times, while the qualified institutional buyers (QIB) are yet to show significant activity.

Shares of Bank of Baroda(up 2.07 per cent), Axis Bank Ltd.(up 1.12 per cent), Bandhan Bank Ltd.(up 0.91 per cent), State Bank of India(up 0.23 per cent) and Punjab National Bank(up 0.2 per cent) ended the day as top gainers in the pack.

monsoon is likely to enter Gujarat in the next 48 hours, an official of the India Meteorological Department (IMD) said on Monday. Gujarat has been facing intense heat wave conditions for past many days.

Samajwadi Party leader Mohd Azam Khan by clearing his name in a case related to loot and indulging in violence by forcing people to vacate their dwellings in Dungarpur area eight years ago. MP-MLA court judge Vijay Kumar cleared Khan and five other accused in the case related to 2016, said Khan's lawyer Jubair Ahmad.

Prajwal Revanna, who is facing charges of rape and sexual abuse against several women, to 14 days judicial custody. He was produced before the 42nd Additional Chief Metropolitan Magistrate (ACMM) court as his Special Investigation Team (SIT) custody ended today.

Rural consumption was hit by inflation and low wage growth, and it was the urban consumers who kept the spending ship afloat. No wonder, the Reserve Bank of India’s consumer confidence index is back at pre-pandemic levels: it is based on an urban survey. But digging deeper into the data made some fault lines apparent.

Healthy Life Agritec has demonstrated remarkable value for its shareholders. The stock has given multifold returns to its investors, skyrocketing 470 percent in a little over 2 months, since April 2024, from ₹3.80 in March 2024 end.Overall, in 2024 YTD, the stock has rallied 309 percent, while, in the last 1 year, it has soared 190 percent.It has advanced 19.5 percent in June so far after a 159.5 percent surge in May and an 84 percent jump in April.

—Name withheld on request.I assume that you are a non-resident as per Indian tax law. Liquid funds typically invest in a portfolio of money market and short-term debt securities, and since investment in equity shares of domestic listed companies is less than 35% of its total portfolio, they do not meet the criteria of being an equity-oriented fund.

Top Gainers: Uflex (up 8.99%), Rashtriya Chemicals & Fertil (up 8.80%), Motilal Oswal Financial Services (up 8.75%), The New India Assurance Company (up 8.03%), and Happiest Minds Technologies (up 8.00%)Top Losers: IRB Infrastructure Developers (down 9.05%), Poonawalla Fincorp (down 8.38%), Suzlon Energy (down 5.00%), Coforge (down 3.89%), and Vedanta (down 3.50%)Top Gainers: Rashtriya Chemicals & Fertil (up 8.84%), The New India Assurance Company (up 8.41%), KEI Industries (up 8.17%), Motilal Oswal Financial Services (up 8.15%), and Caplin Point Laboratories (up 8.08%)Top Losers: IRB Infrastructure Developers (down 8.71%), Poonawalla Fincorp (down 8.41%), Suzlon Energy (down 5.01%), Coforge (down 3.88%), and Vedanta (down 3.59%).Source: [BSE Top Gainers](https://www.livemint.com/market/bse-top-gainers), [BSE Top Losers](https://www.livemint.com/market/bse-top-losers), [NSE Top Gainers](https://www.livemint.com/market/nse-top-gainers), [NSE Top Losers](https://www.livemint.com/market/nse-top-losers).Milestone Alert! Livemint tops charts as the fastest growing news website in the world