India Financial News

Air India chief executive officer and managing director Campbell Wilsonsaid at the CAPA India aviation summit. Sensing an opportunity, several foreign airlines have firmed up plans to approach the government with their requests. “Today we have not exhausted the bilaterals, in terms of number of seats per week but we have hit the limit in terms of number of stations," Sanjiv Kapoor, executive vice-president, strategies of the Saudia Group told Mint.

₹10,372-crore India AI Mission will focus on developing a manufacturing base of graphic processing units (GPUs) in public-private partnership, multi-modal domain-specific large language models (LLMs), and a unified data platform that will offer an open-source database of non-personal data that can be used to train AI models and market AI applications commercially. This, industry insiders said, would be a crucial element of policy-making and execution as India would be among the few developing nations that have zeroed in on alleviating safety concerns around AI, removing deepfakes and reducing misrepresentation.The India AI Mission already has seven working committees that have suggested the need to create a public-private partnership model, which would be used to develop indigenous compute capacity—an offering that academia and researchers had long clamoured for.

Tata Steel as its 'top pick of the week'. This is due to reduced costs in Europe, increased capacity in India, lower coking coal prices, and strong operations in India.The brokerage has a ‘buy’ call on the stock with a target price of ₹179, implying a potential upside of 10 percent.Tata Steel Group is one of the world’s largest steel companies with a steel production capacity of 35 mtpa.

Marico, one of India’s leading consumer products companies in the hair and wellness market, have shown a strong upward trend since April, rebounding from a steady decline between September 2023 and March 2024.In April, the stock made a robust comeback, ending the month with a 4.18% gain and extending its rally into May with an additional 15% increase. So far this month, shares are up nearly 10%, resulting in a cumulative gain of 31.60% in less than three months, trading at ₹654.60 apiece.

₹30 lakh in compensation. Fortunately, the doctor had professional indemnity (PI) insurance, which provided crucial financial support during the legal dispute. "The doctor was our client.

market sentiment and investor confidence in Mufin Green Finance. Mufin Green Finance share price today opened with an upside gap at ₹129 on NSE and soon touched an intraday high of ₹131.34 apiece, logging an intraday gain of 10 percent against the Friday's close of ₹119.40 per share.

Gopi, who took oath as a minister on Sunday, now “wants to quit because he wants to do films!"“@BJP4India @narendramodi why this mockery of voters? Why don't you tell your MP to first decide what he wants to do in life, and most importantly, stop this show in front of the media after taking oath in the name of God and the constitution," the Congress Kerala post on Monday.ALSO READ: Please do not confine me to...’: What Suresh Gopi, BJP’s first MP from Kerala, expects after historic Lok Sabha winKerala BJP president K Surendran also refuted the reports that there would be a change of guard in the party unit of the southern state. He dismissed as "fake news" the reports about actor-politician Suresh Gopi allegedly expressing displeasure over not providing him with a Cabinet or MoS (Independent) charge in the Narendra Modi-led government.Suresh Gopi is a actor as well as a BJP MP from Thrissur.

Mint takes a look at some of the key policy changes brought in by Nirmala Sitharaman, an influential voice in the new cabinet, during her first five years as FM. Sitharaman is tipped to retain the finance portfolio in the new government. The union budget for FY24 raised the tax-rebate ceiling under the new personal income tax regime from ₹5 lakh to ₹7 lakh, easing the burden on the middle class.

₹10,000 crore across five years for AI development. It will support AI super-computing infrastructure accessible to startups, academia and industry. As India joins the AI race, we must it prepare for the next evolutionary leap that is Artificial General Intelligence (AGI).

Stock market today: Integra Essentia shares are one of the penny stocks listed on Dalal Street. This penny stock is invested in by the Indian insurance behemoth Life Insurance Corporation (LIC) of India.

₹320.95 in intraday trade on BSE on Monday, June 10, in an otherwise lacklustre market. Rallis India share price opened at ₹286.70 against its previous close of ₹281.85 and surged 13.9 per cent to hit its 52-week high level.

Wipro, Infosys, Tech Mahindra, Coforge, Persistent Systems and LTIMindtree shares that gained over 3-4% each. The index showed a significant outperformance over broader indices.Gains in IT stocks came on the back of portfolio shift after the election outcome, increased hopes of interest rate cut by the US Federal Reserve, particularly after the rate cut announcements by Bank of Canada and European Central Bank (ECB) and relative valuation, analysts said.The CME’s FedWatch tool, based on futures prices, puts around 50% odds on at least one rate cut by the Fed’s September meeting.Also Read: Nifty 50 can add 1,200 points in June, says Nirmal Bang; lists 2 technical and 2 fundamental stock picksDipeshkumar Mehta, Senior Research Analyst at Emkay Global Financial Services believes the start of the interest rate-cut cycle would act as a signaling trigger for clients of Indian IT companies gaining confidence on inflation trajectory and macro stability, which may drive demand recovery and an uptick in discretionary spending.

Apple enthusiasts worldwide. Known for unveiling significant updates and innovations, this year's event is expected to focus primarily on software advancements rather than hardware releases.

Supreme Court on Monday said, slamming the Delhi government for not rectifying defects in its plea seeking a direction to Haryana to release the surplus water provided by Himachal Pradesh to the national capital to mitigate its water crisis. A vacation bench of Justice Prashant Kumar Mishra and Justice Prasanna B Varale noted that affidavits are not being accepted in the registry due to the defect in the petition filed by the Delhi government.

Industry body DIPA has pledged its support to India's digital and telecom transformation under the new government and sought a clear roadmap that would cement the country's lead in digital infrastructure. Digital Infrastructure Providers Association (DIPA) said the industry is eager to collaborate with the government and contribute its expertise to drive the country's digital transformation further.

EIH Associated Hotels, the flagship company of The Oberoi Hotels, rallied 17% on BSE on Monday to its fresh 52-week high of Rs 845 as the company announced June 14 as the date for the board meeting to consider the issue of 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.

Pakistan Prime Minister Shehbaz Sharif on Monday congratulated Prime Minister Narendra Modi on taking oath. This was Pakistan’s first response to NDA’s victory in the Lok Sabha election.

Narendra Modi did no special favour to farmers by releasing the PM-Kisan Samman Nidhi fund, which was due to them a month ago but delayed by the poll code, the Congress said on Monday. Congress general secretary Jairam Ramesh said the release of the 17th instalment of funds, which Modi is touting as the first decision of his new government, is the legitimate entitlement due to farmers, according to the policy of his government.

ARCs) in India are projected to see an increase in recovery rates for stressed residential realty projects, rising to 16-18% by March 2025 from 11% in March 2024, owing to healthier demand, price appreciation in the housing property market and greater interest from investors and promoters, said CRISIL Ratings.

Post-harvest logistics company, Sohan Lal Commodity Management (SLCM), has acquired its second Agri Reach application patent from Intellectual Property India. The latest patent deals with “Method for Real-time Monitoring of Quality Control Data in a Warehouse Management System”.

Gadgil-Mukherjee formula, made up about 30% of total central assistance. They also benefit from a favourable funding ratio on centrally sponsored schemes, for which the union government covers 90% of the costs and the state only needs to cover 10%.