India Financial News

Multibagger stock: The market performance of Heritage Foods shares, a family-run business led by TDP leader Nara Chandrababu Naidu's family, has been nothing short of extraordinary. In the past six sessions alone, Heritage Foods share price has consistently hit the 10 percent upper circuit, propelling the FMCG stock to new heights.

I received an anguished email from a senior Indian Statistical Service (ISS) officer a few weeks ago. The officer believed that his entire career over the past quarter century had been a “waste" since the statistical system does not reward performance. “As the system has been kept highly opaque, it has created a false sense of expertise… such as experts in national accounts or experts in consumer expenditure surveys… creating an impression that they (the deemed experts) are indispensable," the mail said.

IND vs Pak T20 World Cup match on Sunday evening, said the team's recently appointed head coach, Gary Kirsten. He stressed the importance of rotating the strike, especially on difficult pitches like this one. He mentioned that his team did not execute this strategy effectively, PTI reported.

Mint at the annual advertising conference, GoaFest, McRae noted that advertising categories such as consumer-packaged goods, automobiles, QSR brands, and banking and financial services (BFSI) have been performing well in India's advertising sector. This positive trend is expected to continue in the latter half of the year, as indicated by data from Mindshare’s India arm.

Apple-like ecosystem and increasing the localization of its supply chain. “Localisation of our manufacturing is created by a combination of supplies from abroad, as well as from India," Muralikrishnan B, presdent, Xiaomi India, told Mint. “Today, we continue to have conversations to figure out how more of our supply chain partners, based in China or elsewhere, come and set up shop in India.

IND vs PAK T20 World Cup 2024: Even Sachin Tendulkar, typically known for avoiding any risqué remarks, apparently could not control himself from posting a cheeky comment after India’s win against Pakistan. Tendulkar, along with his wife Anjali and daughter Sara, attended the India vs Pakistan match at the Nassau County International Cricket Stadium in New York.After Rohit Sharma’s boys clinched a remarkable win against Babar Azam’s team in the cricket match, the Master Blaster posted on X (formerly Twitter).“India vs Pakistan.

Brakes India and ADVICS, Japan’s leading premium brake system supplier, plan to form a joint venture to design, develop and manufacture advanced braking products for the Indian light vehicle market.

The Delhi Police have added charges of “disappearing evidence and giving false information” against Bibhav Kumar, aide to Chief Minister Arvind Kejriwal, in connection with the alleged assault of AAP MP Swati Maliwal, news agency PTI quoted an official as saying on Monday.

Over 100 million Indians are expected to be earning more than $10,000 per annum by the year 2027 on account of an encouraging economic growth rate in the country, suggests a report.

India’s stock markets have been highly volatile over the past couple of weeks. Given the current economic scenario and market conditions, many investors are contemplating whether it’s the right time to increase their SIP amount.

The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for May 2024. According to the data, the Indian Auto Retail sector achieved a 2.61% YoY growth in May 2024, owing to positive rural demand due to expected good monsoon and improved finance availability kept the counters ticking.

Taxpayers often get confused about taxation rules pertaining to under-construction properties in India. The under-construction or pre-possession period refers to the duration between the start of a home loan and completion of the construction of the property under consideration. As per the income tax laws, tax benefits on loan for an under-construction property can be claimed in 5 equal installments starting from the financial year in which the homebuyer gets possession of the house.

Income Tax laws offer tax deductions on donations to specific registered institutions. However, recently, donors contributing to charitable organisations and political parties have received notices from the income tax (I-T) department questioning the legitimacy of their donations.

Canva has released its second annual Visual Economy Report, featuring insights from over 3,700 global business leaders on the impact of visual communication. The company worked with Morning Consult to understand how business leaders are using visual communication tools and the role AI plays in enhancing productivity, creativity, and workflow efficiency. The survey spanned 12 markets, including India, the US, UK, France, Germany, Spain, Brazil, Mexico, Indonesia, Japan, South Korea, and Australia.

Investors with a high-risk appetite can look at quant funds which eliminate the risk of fund manager decisions going wrong. The data-driven approach of these funds can execute trades quickly and gain from thin price differentials to generate higher capital appreciation.

Also Read: Stock market today: Sensex, Nifty 50 hit record high after PM Narendra Modi takes oath as PMThe brokerage firm expects earnings of the Nifty-50 Index to grow 10% in FY25E and 14% in FY26E (FY24 growth was 20%). OMCs alone contributed 29% of the incremental profits of FY24. In FY25E, it expects banks, diversified financials, IT services and metals & mining to provide bulk of the incremental profits for the Nifty-50 Index.

cricket fans were seen trying to cheer him up. Other Indian fans asked him to stay hopeful. When one Pakistan fan asked Momin to console him, he said, “Tumhe dilasa nahi, dawai chahiye (You don’t need consolation.

Bank Nifty was up by 32.7(0.07%) at 10 Jun 2024 10:44:55 IST.Other stocks such as Shubhlaxmi Jewel Art, Compuage Infocom, Future Supply Chain Solutions, Chemplast Sanmar, Morarjee Textiles hit their fresh 52 wk lows today.

The Securities Exchange Board of India (SEBI) has been long considering enhancing investments by Foreign Portfolio Investors (FPIs) in India by facilitating increased participation from non-resident Indians (NRIs), Overseas Citizens of India (OCIs), Resident Indians (RIs) as constituents of FPIs that are based out of International Financial Services Centre (IFSC) in Gandhinagar, Gujarat, India. IFSC is regulated by the Internal Financial Services Centre Authority (IFSCA). Also Read: Why did FPIs dump ₹25,586 crore worth of Indian shares in May—Explained with 4 key reasons

ICC T20 World Cup captivated fans and celebrities. India's nail-biting six-run victory over Pakistan left the nation ecstatic, celebrating the Men in Blue's remarkable performance against their traditional rivals.In a post on X (formerly Twitter), Bollywood legend Amitabh Bachchan said he was heartbroken after watching the first innings where India collapsed in the batting, but the bowlers making it to win was commendable.“Oh my god oh my god! We were watching Ind v Pak game, and switched off the TV midway, because we felt we were losing! But suddenly I saw the Internet and WE WON WE WON WE WON !!! YEEEAAAAAAHHHHHHH .... !!!!! INDIA INDIA INDIA INDIA INDIA INDIA INDIA, (loosely translated)," Bachchan said.

Grasim Industries, and Cipla supported the rally.Also Read: Paytm share price gains over 8.5% to cross ₹400 mark after 8 weeks, recovers 33.5% from all-time lowBuying was also witnessed in the broader markets as the Nifty Midcap 100 and the Nifty Smallcap 100 index traded higher. Among sectors, Nifty PSU Bank, Nifty Realty, Nifty Oil & Gas, Nifty Pharma and Nifty Auto led the gains, while Nifty IT was trading in the red.Market sentiment improved as concerns over political stability and policy continuity waned after the new government led by Prime Minister Narendra Modi was sworn in over the weekend.