India Financial News

major cities have risen by 24 per cent since 2019 due to higher supply, but realty firms will take 31 per cent less time to sell these units because of high sales velocity, according to JLL India. In a report released on Thursday, real estate consultant JLL India said the actively selling unsold housing inventory has reached about 4,68,000 units by March 2024, a 24 per cent increase since December 2019, across seven major cities — Delhi-NCR, Mumbai, Pune, Bengaluru, Chennai, Hyderabad, and Kolkata.

NEET-UG 2024 results announcement on June 4 sparked controversy as candidates noted discrepancies in the scoring system. Some students reportedly scored 718 or 719 out of 720, raising questions about the exam's fairness.

Certificate Programme in Data Analytics for Business Applications.This high-impact 7-months programme is meticulously designed for professionals from diverse backgrounds. It caters to early professionals seeking to elevate their understanding of data analytics for adept decision-making.

Magenta Lifecare IPO oversubscribed by 74 times on day 2 so far; check detailsThe IPO garnered bids for 1,36,94,000 shares on the third day as against the total offering of 20,88,000 shares, resulting in an overall subscription rate of 6.56 times, according to Chittorgarh data.The retail portion was booked 11.61 times on the third day, while the non-institutional investors' portion achieved a subscription rate of 1.35 times.The company aims to raise ₹11.4 crore through its IPO, comprising a combination of fresh equity shares and an offer for sale. The price band for the offer is set at ₹52 per equity share, with a face value of ₹5 each.

National, 6th June, 2024: VLCC, one of the largest beauty and wellness brands in the world, expands its product portfolio with launch of revolutionary skincare range ‘VLCC Clinic’. Backed by scientific formulations, the new range embodies the group’s 35 years of expertise in skincare and wellness while catering complete skincare solutions.

Rajasthan minister Jhabar Singh Kharra said on Thursday that farmers' agitation and mistakes in ticket distribution in the Lok Sabha elections were some of the factors behind the BJP's decline in number of seats in the state. In the election results declared on Tuesday, the BJP secured 14 out of 25 seats in Rajasthan, with the Congress winning eight and the India bloc partners — the CPI(M), the Rashtriya Loktantrik Party and the Bharat Adivasi Party — winning one seat each.

ET Wedding Leaders Awards 2024 — North, co-powered by Ghanshyam Das Kotawala and organized by Optimal Media Solutions (a division of Times Internet Limited), took place on May 30, 2024, at Eros New Delhi.

Maldives President Mohamed Muizzu has received an invitation to join the swearing-in ceremony of Prime Minister Narendra Modi for his third successive term, according to media reports.

Staff Talks between Indian Navy (IN) and Royal Navy of Oman (RNO) were conducted from June 4 to 5 at New Delhi, the Ministry of Defence informed in a press release.

Shiv Sena (UBT) chief Uddhav Thackeray will not switch to the ruling BJP-led NDA, Maharashtra NCP (Sharadchandra Pawar) president Jayant Patil asserted on Thursday, seeking to scotch speculation about a possible crossover by his key ally.

Congress on Thursday listed 15 descriptions of PM Narendra Modi under the title "Kaun hain Narendra Modi?" (Who is Narendra Modi?). These descriptions include allegations that the PM misled the public with trivial issues such as mutton, fish, mangalsutra, and buffalo during elections. Congress has listed 15 reasons explaining 'Kaun hain Narendra Modi?' in the eyes of new India:

Young age is often associated with fun and frolic, while investments and financial planning are typically seen as the realm of married couples. Many young people, gripped by FOMO, focus on expensive gadgets, clothes, vacations and weekend parties. Investments rarely cross their minds when they start earning.

Wion and News 18, reported that Muizzu has been invited to attend caretaker PM Modi's oath ceremony likely to held on June 9.However, there has been no official confirmation, either from the Indian or the Maldivian side, as of now.If the news hold true, this will would be Mohamed Muizzu's first visit to India after becoming Maldives President last year. The development would be crucial in the backdrop of the India-Maldives diplomatic row since January.ALSO READ: Indian military exits from Maldives at President Mohamed Muizzu's requestNarendra Modi is set to form the government in India for the third consecutive term after the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) won over 290 seats in the Lok Sabha Elections 2024.

Xiaomi's flagship models, the Xiaomi 14 and Xiaomi 14 Ultra, are available at significant discounts. These flagship smartphones, which made their debut in March, are now more affordable. The Xiaomi Pad 6, introduced in June 2023, is also being sold at a discounted rate, providing great value for those looking to buy a high-performance tablet.The sale extends to several Redmi products, including the Redmi 12 5G, Redmi 13C 5G, and the Redmi Watch 3 Active, all available at lower effective prices.

Rajesh Rathore won in Sitapur. However, according to a Times of India report, the locals didn't recall knowing Rajesh Rathore until before the elections. In Sitapur, Congress leader Rajesh Rathore defeated veteran Rajesh Verma, a BJP leader.

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ALSO READ: Why is Salman Khan trending on social media after Goldy Brar was reported dead?The development comes a day after Goldy Brar was charge-sheeted in the Karni Sena chief murder case.The NIA said that the raids were conducted at the premises of those associated with foreign-based designated individual terrorist Goldy Brar and his aides.It has released telephone numbers for the public to share information about the terrorist and his associates or to reveal any threat calls they may have received from the gang. “The information can be shared on landline number 0172-2682901 or mobile number 7743002947 (For Telegram/ WhatsApp).

Also Read: From Monsoon to rate cut: 5 crucial triggers for Indian stock marketOverall, in the last three sessions, the Nifty FMCG index has gained 6.40%, with 6 out of 15 constituents, including United Spirits, Godrej Consumer Products, Colgate-Palmolive, Marico, Dabur India, and Britannia Industries, touching new 52-week highs with gains ranging between 4% and 8%. The spike in FMCG stocks was fueled by the positive forecast for monsoon rainfall, which is anticipated to strengthen rural recovery.

BCCI chief curator Daljit Singh is shocked by the "poor quality" of drop-in pitches being used for the T20 World Cup games in New York, including the ones featuring India. India play three World Cup games in New York including the blockbuster clash against Pakistan on June 9. In their tournament-opener against Ireland, uneven bounce and cracks attracted a lot of attention.

On the BSE, Chandra Bhagat Pharm(down 11.14 per cent), Brijlaxmi Leasing & Finance(down 9.96 per cent), Gallops Enterprise(down 9.95 per cent), Tower Infra Trust(down 8.64 per cent) and Sofcom Systems(down 8.46 per cent) stood among the top losers in today's trade.

Shares of State Bank of India(up 3.45 per cent), Bank of Baroda(up 3.43 per cent), Punjab National Bank(up 1.69 per cent), Kotak Mahindra Bank Ltd.(up 0.97 per cent) and HDFC Bank Ltd.(up 0.51 per cent) ended the day as top gainers in the pack.