India Financial News

Prime Minister Narendra Modi on his election victory and said it would continue to make efforts for normalisation of the bilateral ties based on "mutual respect, mutual interest and mutual sensitivity". The comments by External Affairs Ministry spokesperson Randhir Jaiswal came as relations between India and China remained frosty in view of the lingering border row along the Line of Actual Control (LAC) in eastern Ladakh.

Congress Working Committee on Saturday said the result was not just a political loss but a personal and moral defeat of the prime minister who sought a mandate in his name. People decisively rejected the type of governance witnessed over the past decade, it said.

ICC's Men's T20 World Cup 2024, concerns have been raised over Nassau County International Cricket Stadium pitch in New York, which has been labelled 'dangerous'.Apart from this, speculations are also gaining momentum that the International Cricket Council may consider moving the blockbuster clash to a different venue. However, the ICC has also stated that it has been forced to take desperate measures to fix the New York pitch.ALSO READ: Rohit Sharma not playing India vs Pakistan match on June 9? Injury scare for Indian captain ahead of T20 World Cup clashEarlier, the newly constructed New York pitch faced heavy criticism after Sri Lanka was folded for just 77 runs in a low-scoring match against South Africa.

Bajaj Housing Finance IPO: Bajaj Housing Finance has filed it's preliminary draft papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds worth ₹7,000 crore through its upcoming public issue.The public issue aggregating up to ₹7,000 crore comprises a fresh issue of equity shares of up to ₹4,000 crore and an offer for sale (OFS) of up to ₹3,000 crore by the selling shareholder with face value of ₹10 each equity share by Bajaj Finance Limited--the promoter selling shareholder.Kotak Mahindra Capital Company Limited, BofA Securities India Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, SBI Capital Markets Limited, JM Financial Limited, and IIFL Securities Limited are the Book Running Lead Managers to the issue.

DuckDuckGo will now allow its users to anonymously access popular AI chatbots such as OpenAI's ChatGPT (based on GPT-3.5), Anthropic's Claude 3 Haiku, Mixtra 8x7B and Meta Llama 3 for free. The new feature aims to help people harness the power of generative AI, while also addressing privacy concerns that users may have when using these chatbots.The new feature, called AI Chat, is free to use with a daily limit and can be turned off if needed.

₹333 crore from anchor investors ahead of its debut share offer for public subscription.Overall, the company offered 3.58 crore equity shares to 23 funds at ₹93 apiece, for a total of ₹333 crore, it said. ixigo IPO price band has been set in the range of ₹88 to ₹93 per share.ixigo is a technological firm that enables Indian travellers to plan, schedule, and manage their journeys by train, air, buses, and hotels.

Jalgaon: Russian authorities have recovered bodies of all the four Indian students who drowned in the Volkhov river, a Maharashtra Government official said on Saturday.

Narendra Modi will take oath for the third time as the prime minister but in a significantly altered situation. Allies, including big regional parties such as the TDP and the JD(U), will prop up Modi 3.0. Many say they will extract their pound of flesh which might result in Modi's agenda of economic growth suffering a drastic change or a slowdown. However, many others think there will not be any substantial change in the direction of Modi's economic agenda as only bold reforms can take a backseat while all else continues as it is. Fitch Ratings on Wednesday reinforced its ‘positive’ outlook on India's medium-term economic growth.

Bajaj Housing Finance has filed preliminary papers with capital markets regulator Sebi to raise Rs 7,000 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares of up to Rs 4,000 crore and an offer for sale (OFS) of equity shares worth Rs 3,000 crore by parent Bajaj Finance, according to the draft red herring prospectus (DRHP). The share sale is being conducted to comply with the Reserve Bank of India's (RBI) regulations, which require upper-layer non-banking finance companies to be listed on stock exchanges by September 2025.

Indian markets traded strongly this week ending it with a 3.6% uptick over the previous week. The week was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 7,640 crore on screen, which included both buying and selling actions. In the largecap segment, 15 companies witnessed significant block deals on the screen worth Rs 3,788 crore, led by Larsen & Toubro (L&T) with 6 block counts, totalling to Rs 696 crore. The next in line were State Bank of India (SBI, Rs 458 crore), HDFC Bank (Rs 281 crore), Adani Ports & Special Economic Zone (279 crore), Mankind Pharma (Rs 277 crore), Kotak Mahindra Bank (Rs 220 crore) and ITC (Rs 217 crore).

Shiv Sena on Saturday claimed that two newly elected Lok Sabha members from the Uddhav Thackeray's Shiv Sena were in touch with Chief Minister Eknath Shinde. Addressing a press conference here, Shiv Sena spokesperson Naresh Mhaske refused to name the two Lok Sabha members citing the anti-defection law, but said that four more lawmakers would soon join the two and cross over to the Shinde-led party.

Odisha assembly polls, state outgoing Chief Minister Naveen Patnaik on Saturday said that Biju Janata Dal (BJD) leader VK Pandian is not his "successor" and pointed out that the people of the state would decide on this.

Congress Working Committee (CWC) members on Saturday passed a resolution that Rahul Gandhi should be appointed as the leader of the party in Lok Sabha, according to ANI sources.

Also Read: Narendra Modi to take oath as PM: From guest list to security arrangements, here’s all you need to knowTDP chairman Chandrababu Naidu and JDU's Nitish Kumar have emerged as kingmakers of National Democratic Alliance (NDA at this critical time, shares of companies based in Bihar and Andhra Pradesh have been soaring. Some companies based in Bihar or with facilities there may gain even more from the political climate.

cricket match between two European teams, England's streak of never winning against a European team in Men's T20Is continued.Moreover, the abandoned match makes it more difficult for England to qualify since they are left with only 1 point. Now, Jos Buttler’s team must win against Australia to keep things going. Even though their next matches are against relatively-weaker teams like Namibia and Oman, they need to have their momentum going.Australia, on the other hand, are coming from a win against Oman.

India gears up for Narendra Modi's third consecutive term oath-taking ceremony as Prime Minister on June 9, the Delhi Police has taken strict measures to ensure security during the event.

Lok Sabha Results: The INDIA bloc surged ahead in Uttar Pradesh (UP) from the first phase of elections. The Bahujan Samaj Party (BSP) lagged in all phases, while the Bharatiya Janata Party (BJP) could only replicate its 2019 success during the second phase, according to a report by Times of India. Common factors such as dissatisfaction with candidates and local issues contributed to the shift in voter sentiment against the ruling party in specific seats.

New York: USA all-rounder Harmeet Singh feels that pressure will be on India if they manage to stay in the game till the final over of their upcoming Group A clash in the ongoing T20 World Cup.

Congress president Mallikarjun Kharge Saturday said the Lok Sabha poll mandate is a «decisive rejection» of the politics of divisiveness and hate, and stressed that the INDIA bloc must continue functioning cohesively both inside and outside Parliament.

Rohit Sharma was struck on the thumb by a throwdown but didn't seem perturbed as Indian batters put in additional hours at the nets to counter the uneven bounce that might help Pakistan's pace attack during their marquee T20 World Cup clash here on Sunday.

₹200 crore company. Then the man, who like many other successful businessmen of the early 1990s loved flashy foreign cars, turned too cute, or too crafty, depending on which way you look at it. MS Shoes East launched its first public issue in September 1992, followed by a rights-cum-public issue of fully convertible debentures in December 1993.