India Financial News
10.06 / 01:53
COST
Healthcare
Bill
cover
hospital
information
Is a 40-50% hike in annual health insurance premium on renewal possible?
—Name withheld on request.
10.06 / 01:39
markets
Matrix
wellness
Equality
Mint Quick Edit | NDA coalition: Case for optimism
Now that Narendra Modi of the Bharatiya Janata Party (BJP) has taken oath as Prime Minister of India for the third time, virtually every move of his new government will be studied for clues of an imprint left by the Telugu Desam Party (TDP) and Janata Dal-United (JDU), allies on which the regime will depend for a majority in Parliament henceforth. Signs of cohesion are likely to cheer the stock market, and the key to coalition success lies in recognizing that politics need not be a zero-sum game, but political constraints can’t be ignored.
10.06 / 01:39
Art
Entertainment
Food
Celebrity
boating
One of India's oldest jails is now a hub for fashion and arts
Indian Fashion, Timeless Elegance celebrates Indian couture spanning 2,500 years, showcasing the diversity and the craftsmanship of the country’s jewellery and garments (there’s a second century image of Emperor Kanishka wearing a tunic). Sahitya Chitravali delves into Indian epics like the Mahabharat, informing the visitor about the country’s literary legacy. The third, Kamal, explores the symbolism of the lotus flower in religious iconography and mythology.
10.06 / 01:39
markets
Gap
Election
MSCI
wellness
Trade
hospital
Pratik Gupta: Market valuation restricts upside in the short term
defence and infrastructure plays also offer strong earnings growth prospects, but we find limited upside at current expensive valuations, which are pricing in all the good news. We expect the Union government to achieve a lower fiscal deficit of 5% in FY25.
10.06 / 01:39
markets
Target
Research
President
Experts
recommendations
Commentary
Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 10
Buy or sell stocks for today: Buoyed by the commentary by the dovish RBI and hike in FY25 GDP growth forecast, the Indian stock market ended higher for the third straight session on Friday last week. The Nifty 50 index gained 468 points and closed at 23,290, whereas the BSE Sensex surged 1618 points and ended at 76,693.
10.06 / 01:39
Aware
Action
Analysis
Forbes
Trade
rap
FIH
regulatory
Share sale by large investors in Paytm, IIFL and Edelweiss before regulatory rap
₹72.03 a share for ₹261 crore, according to a Mint analysis. Less than seven weeks after Pabrai cut his Edelweiss holding by half, RBI on 29 May restricted businesses of its lending and asset reconstruction arms, citing concerns about its lending and accounting practices. Edelweiss shares plunged 11.8% to close at ₹68.35 on 30 May, a day after the regulatory action.
10.06 / 01:27
markets
UPS
Target
Election
performer
Equality
Large-caps & Reits: India’s largest investment adviser’s shifts
₹45,000 crore in assets, Waterfield is currently India’s largest registered investment adviser. The firm is majority-owned by Rajan but has minority stakes held by the Patni Family Office and Zephyr Management, its overseas partner. Excluding her stake in Waterfield, the bulk of Rajan’s money is in the public markets.
10.06 / 01:27
markets
Booking
DAL
International
Will PSUs lose their thunder in Modi 3.0?
Hindustan Petroleum Corp. Ltd (HPCL), Bharat Petroleum Corp. Ltd (BPCL) Indian Oil Corp.
10.06 / 01:27
UPS
Target
Aviat
Aware
Sustainability
country
reports
NTPC eyes $50 billion capex to transform into a complete energy company
₹4.17 trillion) over the next 10 years to become a true energy company from just a generator of power, according to two people aware of the company's plans. The people said that India's biggest power generation company will spend $5 billion each year over 10 years to foray into production of various clean fuels and also towards increasing its power generation capacity.
09.06 / 21:51
markets
COST
Manufacturing
Strategy
WhatsApp
reports
Domestic open access solar capacity addition doubles to 1.8 GW in Jan-Mar: Mercom
Open access solar installations rose two-fold in India to 1.8 gigawatts during January-March this year supported by several factors, including reduced module cost, US-based Mercom Capital has said. Solar power through open access is an arrangement where a power producer establishes a solar power plant to supply green energy to consumers.
09.06 / 21:51
markets
Aviat
Airlines
President
country
travelers
rights
India's aviation mkt growth needs to be matched with capacity; open for partnerships: Emirates CCO
aviation market's pace of growth needs to be matched with capacity, and increased competition will provide more choices for consumers, Emirates Airline Deputy President and Chief Commercial Officer Adnan Kazim has said, as he pitched for increased bilateral flying rights between Dubai and India. On whether Emirates is looking for partners in India, Kazim said it is open to any such future engagements if there is an appetite in an Indian airline for that sort of dialogue and engagement.
09.06 / 21:51
WhatsApp
Council of ministers great blend of youth and experience: PM Modi
New Delhi: Prime Minister Narendra Modi on Sunday described his Union Council of Ministers as a «great blend of youth and experience», asserting that they will leave no stone unturned in improving the lives of people. Soon after the oath-taking ceremony, he said on X, «I look forward to serving 140 crore Indians and working with the Council of Ministers to take India to new heights of progress.» Congratulating the ministers, he said, «This team of ministers is a great blend of youth and experience, and we will leave no stone unturned in improving the lives of people.» He thanked the foreign dignitaries who joined the swearing-in ceremony.
09.06 / 20:53
markets
Landmark
Software
Remark
Healthcare
Diversity
Pharmaceuticals
From Savitri Jindal to Falguni Nayar: A look at the top 10 richest women billionaires in India
India has achieved an impressive milestone, securing the third position globally in the number of self-made billionaires, with a remarkable total of 105 billionaires. Within this illustrious group, the top 10 richest individuals in India feature only one woman, Savitri Jindal. This notable presence underscores the broader gender disparity in wealth but also highlights the exceptional achievements of a few remarkable women in a male-dominated arena.
09.06 / 20:53
markets
COST
UPS
Coca-Cola
PepsiCo
Actor
country
Niche no more, energy drinks emerging as the new colas
At Darshan Super Market in Santacruz east, Mumbai, the steady stream of customers for PepsiCo India’s Sting energy drink is telling. In a span of half of an hour, at least 10 people, between 18 and 35 years of age, come asking for the drink. Darshan, the owner, doesn’t disappoint. His fridge is packed with the product.
09.06 / 20:53
Citi
Provident
Art
DISH
beautiful
hospital
rights
From deadlines to delight: An unforgettable retreat
My recent stay at the Ritz Carlton Bengaluru was nothing short of transformative. As an editor constantly immersed in deadlines and the hustle of city life, I desperately needed a retreat that would offer both luxury and tranquillity. The Ritz Carlton provided exactly that, and so much more.
09.06 / 20:53
UPS
Gap
Compilation
economy
performer
consequences
Statistics ministry sees no major revision of FY24 GDP
The statistics ministry doesn’t expect to undertake any significant downward revision to the official economic growth estimate for FY24, and may disprove many analysts in this regard. It also sees the possibility of the gross domestic product (GDP) expansion in FY25 to exceed 7%, with the “strong momentum” being witnessed.
09.06 / 20:41
UPS
BLOCK
Aware
Racing
Enterprise
2020
JSW, Torrent, Masdar among suitors for Enel's India assets
Masdar Energy of the UAE, Singapore's Sembcorp, JSW Energy, Torrent Power, Sekura Energy and ONGC, have submitted non-binding bids to acquire 760 MW of operational assets in India that have been put on the block by Italy's Enel Group, said people aware of the development.
09.06 / 20:41
markets
UPS
Manufacturing
Apple
electronic
reports
Electronics cos charged up for big revenue boost
manufacturing services (EMS) industry revenues are set to more than double to reach $55 billion by FY27, driven by increased sourcing of components locally, with Apple, Samsung, Lenovo and other global companies expected to expand their presence in India.
09.06 / 20:41
UPS
Ball
wellness
cover
International
cricket
T20 WC: India pull off a sensational 6 runs victory over Pakistan in low-scoring thriller
India, guided by the redoubtable Jasprit Bumrah, went past an imploding Pakistan by six runs in a low-scoring T20 World Cup contest at the Nassau County International Cricket Stadium where more than 34,000 fans were in attendance at the temporary arena.
09.06 / 20:41
UPS
Booking
Platform
wellness
performer
India-Pak T20 Clash: Pubs, quick commerce startups win the game
Pubs and restaurants as well as quick commerce startups were a busy lot due to the much-awaited T20 showdown between India and Pakistan on Sunday. While eateries and quick commerce platforms had done all the preparations, executives said post-evening sales could have been better had the rains not played a spoilsport and had India performed better.
09.06 / 19:21
Target
FIVE
security
Death
Flushing
Experts
reports
'Reasi attack marks a shift in terrorist activities'
Reasi on Sunday is one of the biggest terrorist attacks on outsiders this year and marks a shift in terrorist activities in the Jammu region, said counterinsurgency experts, adding that so far terrorists were targeting security forces in the region.
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