India Financial News

₹995.30 apiece on BSE, the stock touched an intraday high of ₹1,064.85, and an intraday low of ₹981.30. On Thursday, Uno Minda's share price shot up by 19% in the intraday session, setting a new lifetime high of ₹1,025, exceeding the ₹1,000-mark for the first time.

Zomato.On June 6, the official handle of the Commissioner of Food Safety, Telangana, posted on the social media site X (formerly known as Twitter) that a task force inspected the Blinkit warehouse at Devar Yamjal in the state's Medchal-Malkajgiri district.Also Read | Air India-Vistara merger: NCLT approves move, paves way for Tata-backed India's largest international carrierIn a list of violations discovered, the Commissioner noted that the premises were "very disorganised, unhygienic and dusty at storage racks."Further, there was no Food Safety Training and Certification (FoSTaC) trainee available at the site. The food handlers were found without headgear, gloves, and aprons and did not have medical fitness certificates available.The team also seized ₹52,000 worth of "suspected (to be) infested" whole farm ragi flour and toor dal and sent the samples to a lab for testing.

T20 World Cup: Meet Saurabh Netravalkar, the Indian American Oracle techie coded US's Super Over win against PakistanThe New York stadium is also set to host two other India matches, including a clash with arch-rivals Pakistan on June 9 and USA on June 12. The curators in New York are using the drop-in method of pitch preparation, which means that the pitch is prepared away from the venue and then installed on site before the match.While acknowledging the problems with the New York pitch, the ICC said in a statement, "T20 Inc and the ICC recognise that the pitches used so far at the Nassau County International Cricket Stadium have not played as consistently as we would have all wanted," ICC said in a statement.“The world-class grounds team have been working hard since the conclusion of yesterday's game to remedy the situation and deliver the best possible surfaces for the remaining matches," the top cricketing body noted.Also Read | Despite injury, Rohit Sharma sets THESE 3 new records during India vs Ireland T20 World Cup MatchThe Men in Blue will take on long-time rivals Pakistan at the Nassau County International Cricket Stadium on June 9.

Air India and Vistara, forming one of the largest airline groups globally, according to a PTI report.Following the merger announced in November 2022, Singapore Airlines will hold a 25.1 percent stake in Air India. Vistara is a joint venture between Singapore Airlines and Tata Group.Also Read | Air India to operate as merged entity from 2025, no Vistara brand by year-endThe Chandigarh bench of the NCLT issued a 31-page order approving the "composite scheme of arrangement" involving Talace, Air India, and Vistara — all part of the Tata Group.

₹24,960 crores cumulatively during the last three days. Therefore the largecaps in sectors like financials and IT where FIIs have huge assets under management may underperform. This trend will change when FIIs turn buyers, which is inevitable.

Chhoti Si Kahaani Se (from the 1987 film Ijaazat), greet you right at the entrance. It’s obvious that managing director Vikram Mehra, 53, is a huge fan of films and songs from the 1970s and 1980s, which he refers to as his formative years.

Stock market today: After the stock market crash on Tuesday, the Indian stock market extended its recovery for a second straight session on Thursday. The Nifty 50 index gained 201 points and closed at 22,821, while the BSE Sensex shot up 692 points and ended at 75,074.

Narendra Modi on Friday praised the education sector and students for the improved performance of Indian universities in the QS World University ranking.Reposting a post by CEO and Managing Director of QS Quacquarelli Symonds Ltd, Nunzio Quacquarelli, PM Modi wrote, “Over the last decade, we have focused on qualitative changes in the education sector. This is reflected in the QS World University Rankings.

Sensex gained 692.27 points, or 0.93%, to close at 75,074.51, while the Nifty 50 settled 201.05 points, or 0.89%, higher at 22,821.40.Also Read: Indian stock market: 7 key things that changed for market overnight - Gift Nifty, ECB rate cut to US jobless claimsNifty 50 formed a small positive candle on the daily chart with upper and lower shadow.“Technically, this pattern indicates a high wave type candle pattern, which displays ongoing high volatility in the market at the highs. Technically, such a high wave pattern after a reasonable upmove calls for a caution for impending reversal.

Stocks to buy or sell: The Indian stock market, which experienced a significant downturn on Tuesday, has shown resilience by bouncing back in the last two consecutive sessions. The Nifty 50 index surged by 201 points, closing at 22,821, while the BSE Sensex skyrocketed by 692 points, concluding at 75,074.

RBI Monetary Policy LIVE Updates: The Reserve Bank of India (RBI) Governor Shaktikanta Das is set to announce the second bi-monthly monetary policy of the financial year 2024-25 on Friday. This RBI policy will be the first one after the Lok Sabha election results 2024. The RBI Governor headed six-member Monetary Policy Committee (MPC) is expected to keep the benchmark repo rate unchanged at 6.5% for the eight consecutive time and continue with its stance of ‘withdrawal of accommodation’.

ITC: Shareholders of ITC have approved the demerger of the company’s hotel business, paving the way for the listing of ITC Hotels. The decision was made during a virtual meeting, with 99.6% of shareholders voting in favor.

This election placed the Constitution of India in the national spotlight, but what its results have brightened overnight is the prospect of Amaravati emerging as an entirely new city to serve as the capital of Andhra Pradesh (AP). A prime mover of this project, N. Chandrababu Naidu of the Telugu Desam Party (TDP), has risen to political prominence.

MintGenie, Singh said that fintechs and NBFCs can play a considerable role in solving the credit accessibility and creditworthiness of SMEs and MSMEs.India’s micro, small, and medium enterprises (MSME) sector, the second largest in the world after China, is poised for significant growth in the future. The landscape for MSMEs is being shaped by various key trends in 2024, presenting both opportunities and challenges in a rapidly evolving business environment.

NEW DELHI : Canada Pension Plan Investment Board (CPPIB) and Cube Highways are in the final fray for the road assets of National Investment and Infrastructure Fund’s Athaang Infrastructure, two people aware of the matter said. The two entities are expected to submit their binding bids shortly. JP Morgan is running the transaction, which is expected to have an equity value of around ₹4,000 crore.

After two terms of absolute majority, the Indian electorate has given a fractured mandate to the Narendra Modi-led BJP. The era of coalition politics is back with a bang. Does that also mean an end to the promise of big-ticket reforms? Mint explains.

NEW DELHI : Soon, you may not be able to hop from Google search results to a hotel’s website to make a reservation, or even to Google Maps once you find the place you are looking for. Allowing users to head straight to Google Maps or a hotel’s website from the results page goes against the tenets of the draft digital competition bill, say industry executives and experts.

USA claimed a significant upset in the T20 World Cup by defeating Pakistan in a thrilling match that extended into a Super Over. Asked to bat first, Pakistan could only manage 159/7 in their allotted 20 overs. In response, the USA matched this total, also scoring 159/3 in their 20 overs, leading to the need for a Super Over to determine the winner. The USA scored 18/1 in the Super Over, and Pakistan, in the face of accurate bowling from Saurabh Netravalkar, the most capped cricket player of the US, could only manage 13/1. Netravalkar was miserly with the ball during the Pakistan innings, giving away just 18 runs in four overs and scalped two wickets.

Opposition will draw a clear functional line to the government as the condition for the smooth functioning of Parliament in future, including the upcoming budget session. The Opposition leaders said the government this time will have to reinstate the post of the Deputy Speaker of the Lok Sabha and allot it to the main Opposition party of the INDIA bloc. The leaders also said the ruling establishment must also «end riding roughshod» over the Opposition and Parliamentary procedures by rushing through many important Bills without proper discussions and voting, at times even by mass suspension of Opposition MPs.

fortnightly cash balances of banks kept with the Reserve Bank of India (RBI) unusually fell short of the mandated cash reserve requirement, the central bank has rectified the matter by resolving issues with how the data was reported.