India Financial News

Bajaj Auto has expanded its electric scooter lineup with the launch of the Chetak 2901. This new model is priced at INR 95,998 (ex-showroom, Bangalore).

policy reforms and rapid economic growth under Prime Minister Narendra Modi to justify its record premium over emerging-market peers. Now, with the leader facing coalition politics after a weaker-than-expected mandate in this week’s national election, the so-called Modi premium is under scrutiny. Investors want to see evidence that Modi can sustain his reforms with the same vigor, while keeping alliance partners happy and avoiding populist measures to regain public support.

2024 Lok Sabha elections is "not a sign" a the revival of "brand" Rahul Gandhi, India Today reported.Speaking to the channel after the general elections and after his results predictions fell short of reality, Kishore said he does not think the Congress scion's image has been elevated among the general public, "only among his supporters, voters, and party cadres."Also Read | Narendra Modi to take oath as PM: From guest list to security arrangements, here’s all you need to knowOn NDA leader Narendra Modi, Kishor believes there is no widespread anger against Modi, adding that the BJP's vote share remained largely unchanged."The sense was that there is a lot of discontent, at least in pockets. There is, you know, maybe a little bit of anger also, but there's no widespread anger against Modi.

Rohit Sharma faced another injury scare when he was hit on the thumb during a practice session on Friday. According to a report by RevSportz, Rohit was batting in the nets against throwdown specialist Nuwan when the incident occurred and the Indian skipper also received immediate medical attention.

Eknath Shinde have contacted leaders from the Shiv Sena (UBT) and have expressed their desire to rejoin the party, India Today reported, citing sources.Earlier on Thursday, sources revealed to India Today TV that approximately 10-15 MLAs from Ajit Pawar's faction within the NCP in Maharashtra have been communicating with the Sharad Pawar camp.This comes months ahead of the Maharashtra Assembly polls and follows Ajit Pawar's NCP securing only one Lok Sabha seat.Also Read: Maharashtra Election results 2024: Full list of winners in Lok Sabha electionWithout naming any party, NCP (Sharadchandra Pawar) state president Jayant Patil said several leaders were in touch with them. “We will think of these proposals at our meeting on June 9.

Sonia Gandhi is poised to retain her position as Chairperson of the Congress Parliamentary Party (CPP), with an expected re-election at a meeting gathering party MPs from both the Lok Sabha and Rajya Sabha on Saturday evening.As reported by ANI, citing party sources, “With Congress to decide the name of its leader in Lok Sabha, there would be a clamour for party leader Rahul Gandhi to assume the key role."Rahul Gandhi won Lok Sabha polls from both Wayanad and Raebareli.The sources told ANI that party MPs including KC Venugopal, Manickam Tagore and Gaurav Gogoi are expected to make the demand by raising their hands.Also Read: Kapil Sibal’s jibe at Narendra Modi: ‘Bhagwan ke sath koi coalition kar sakta hai?’Additionally, it's noted that the leader of the Congress party in the Lok Sabha will assume the role of Leader of the Opposition in the House, given that the party has secured the necessary number of seats in the general elections.According to the Congress Constitution, the Chairperson of the Parliamentary Party is empowered to name the party's leaders in the two Houses of Parliament.Party sources told ANI that it would depend on Sonia Gandhi if she decided to name Rahul Gandhi as the party's leader in Lok Sabha or if she opted for another leader.

Elon Musk has congratulated caretaker Indian Prime Minister Narendra Modi for his party and alliance winning the 2024 Lok Sabha Elections in India,“Congratulations Narendra Modi on your victory in the world’s largest democratic elections!" Musk, the chief of Tesla and SpaceX, and owner of social media site X (formerly known as Twitter) wrote.He added that he looks forward to doing “exciting work" in the country, stating: “Looking forward to my companies doing exciting work in India."Track | Lok Sabha Election Results 2024 LIVE Updates hereAlso Read | Elon Musk puts off India visit to ‘later’, Internet says, ‘No rush! We’ll hold off on chai-samosa plans’Earlier in April this year, Musk had delayed his much anticipated visit to India due to “very heavy Tesla obligations". In an April 20 post on X, the billionaire wrote: “Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year."At the time it was speculated that Musk was likely to announce nearly ₹3 billion worth of investment in the Indian market, primarily earmarked for the establishment of a new Tesla manufacturing facility in the country.Also Read | ‘Biggest loser’: US entrepreneur slams Elon Musk’s choice of China over India for Tesla manufacturing unitThe next week however, Musk was in China on April 28, Reuters reported.

media tycoon and founder of Eenadu and Ramoji Film City, Ramoji RaoCherukuri Ramoji Rao passed away in the early hours of Saturday at the age of 87. The media baron passed away while undergoing treatment at Star Hospital in Hyderabad. He took his last breath at 3:45 am.

₹333 crore from anchor investors. The subscription period for Le Travenues Technology's initial public offering will wrap up on Wednesday, June 12.Major investors that have subscribed to ixigo IPO's anchor book include Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, the Government of Singapore, and Tata Investment Corporation.“The IPO Committee of the company at its meeting held on June 07, 2024, in consultation with Axis Capital Limited, DAM Capital Advisors Limited and JM Financial Limited (“Book Running Lead Managers"), have finalised allocation of 35,811,405 equity shares, to anchor investors at anchor investor allocation price of ₹93/- per equity share," said the company in an exchange filing on Friday, June 7.Out of the total allocation of 35,811,405 equity shares to anchor investors, 12,087,583 equity shares (33.75% of the total allocation to anchor investors) were allocated to four domestic mutual funds that applied through a total of seven schemes (SBI Magnum Children's Benefit Fund, HDFC Mutual Fund, Whiteoak Capital Flexi Cap Fund, Motilal Oswal Large Cap Fund).ixigo IPO already announced pre-IPO secondary placements of about ₹176.2 crore at the upper end of the price range, which were completed a day before the anchor book opened.ixigo is a digital firm that enables Indian travellers to plan, book, and manage their journeys by train, air, bus, and hotel.

marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said.

election results are out the real estate prices zoomed in this Andhra city anywhere between 50% and 100% increase, reported The Times of India.

Chandra Arya on Saturday expressed concern over Khalistani supporters in Canada putting up posters of Indira Gandhi's assassination.

President Droupadi Murmu appointed Narendra Modi as next Prime Minister after a delegation of leaders from the National Democratic Alliance (NDA) submitted letters of support in his favour on Friday.

Reserve Bank of India (RBI) Friday maintained policy interest rates and its monetary stance for the eighth straight review meeting amid concerns of a likely spike in food prices, but cracks in Monetary Policy Committee widened with two of the six panel members favouring easier money.

White goods, chemicals, pharmaceuticals and FMCG companies are faced with import delays or higher duties as customs authorities at various ports are holding up import consignments over third party invoicing, people familiar with the matter said.

Realme GT 6 specs leaked ahead of June 20 India launch: All you need to knowNotably, in the recent months, Motorola had launched the Moto Edge 50 Fusion and Moto Edge 50 Pro smartphones in India. Meanwhile, there wasn't any official confirmation on whether the top of the line Ultra variant would come to India.Now, an image showcased by the Motorola India handle, the company has teased a wooden back rear panel of its Edge 50 Ultra smartphone.

MUMBAI : Top business schools are drawing lessons from the Lok Sabha polls for their classrooms, even as the dust settles on the world's largest democratic exercise. The ruling National Democratic Alliance (NDA) that was gunning for 400-plus seats finished below 300, enough for the Bharatiya Janata Party (BJP) to form a government with support from allies, but far below market expectations and exit poll predictions.

NEW DELHI : India’s steel ministry has asked all major exporters of the alloy to focus on reducing their carbon footprint as the European Union prepares to tax companies that do not meet its environmental standards. The EU’s carbon border adjustment mechanism, or CBAM, proposes a tax on embedded carbon imports from sectors including steel, aluminium, cement, hydrogen, electricity, and fertiliser from 1 January.

Downtime in the UPI payment system is more due to weak technology on the banks' side rather than from the National Payments Corp of India (NPCI), the platform that hosts UPI, the RBI governor has said.

immigration rules as well as increase the number of officials at major airports to speed up the process of entering or leaving the country, said people with knowledge of the matter.

RBI) will continue to adopt a flexible approach in managing liquidity to maintain an orderly evolution of money market rates that affect cost of borrowing across the economy, governor Shaktikanta Das said on Friday.