India Financial News
06.06 / 11:59
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Trai asks mobile users to report fraudulent calls/ SMSes/ WhatsApp messages to DoT
telecom regulator has called on mobile users to report fraudulent calls, text messages and WhatsApps from third-party agencies falsely claiming to be the Telecom Regulatory Authority of India (Trai) and threatening disconnections.
06.06 / 08:31
Target
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performer
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Unemployment and inflation call for revising budget priorities
₹1.4 trillion in 2023-24 and RBI’s dividend of ₹2.11 trillion, some of the expenditure cuts in the interim budget may have to be re-examined. On a trend basis, revenue expenditure growth in recent years was limited to 3.7%, 7.8% and 1.2% in 2021-22, 2022-23 and 2023-24, respectively, as per the CGA data. The interim budget's growth was 4.6% over 2023-24 actuals.
06.06 / 08:31
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Multibagger stock: Nandan Denim share price rises 14% ahead of stock split announcement
Stock market today: Nanda Denim shares, one of the multibagger stocks that the Indian stock market has delivered in recent years, continue to show promise. In just one year, Nandan Denim's share price has surged from nearly ₹20.50 to ₹46 apiece, delivering over 120 per cent return to its positional shareholders.
06.06 / 08:31
UPS
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Gensol Engineering top pick among renewable energy stocks on attractive valuations
Also Read: Renewable energy stocks jump up to 500% in 1 year; what's fuelling this rise? What should you buy from the sector?Furthermore, the renewable energy space has provided returns ranging from 400% to a startling 1200% in the previous year, there are a few stocks that remain at good valuations.As per trendlyne data, in a span of one year, shares of Waaree Renewable Technologies has skyrocketed by 1,1200%, KPI Green Energy has surged over 400%, Gensol Engineering have jumped over 170%, and Sterling and Wilson Renewable Energy have climbed over 130%.These companies have been striving to increase their assets and capabilities in order to assist India meet its 2030 objective of 500 GW installed capacity. Most have successfully secured large orders.In the recent times, KPI Green Engineering bagged orders totalling ₹351.35 crore from several clients for projects such as building crash barriers for railway track fencing, solar projects, and electricity transmission line towers.Similarly, Gensol Engineering reported a sizable order book of ₹1,783 crore at the start of FY25.
06.06 / 08:31
Provident
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Updates
Eid Ul Adha 2024 date: When will India celebrate Bakrid? Saudi Arabia asks Muslims to witness Dhul Hijjah Crescent moon
Also Read | PNB share price Today Live Updates : PNB Stock Rises in Today's TradingAccording to various media reports, the Supreme Court of Saudi Arabia has called on all Muslims in the Kingdom to participate in the sighting of the crescent moon of the Arabic month Dhu Al Hijjah this evening.Also Read | Edtech firms must work out a code of conduct, says TV Mohandas PaiEid Al Adha falls on the 10th of Dhu Al Hijjah. If the moon is spotted on June 6, Dhu Al Hijjah will begin on June 7, with Arafah Day on June 15 (Dhu Al Hijjah 9) and Eid Al Adha on June 16 (Dhu Al Hijjah 10).If the moon is not spotted on June 6, Dhu Al Hijjah will begin on June 8.
06.06 / 08:31
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COST
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HDFC Bank, SBI Cards, Tata Steel and more: InCred lists 24 high conviction picks for June
Dabur India and Zydus Lifesciences with ‘add’ calls; and PG Electroplast with a ‘reduce’ rating. Meanwhile, deletions include APL Apollo Tubes, Bharat Electronics, Data Patterns, Camlin Fine, and Titan Company.
06.06 / 08:31
COST
Provident
Airlines
wellness
travelers
International
What's on the horizon for IndiGo after its best year yet?
swung to profit after incurring losses for four consecutive years. Net profit of over ₹8,000 crore was its best yet. FY25 could be better than last year with the management expecting an early double-digit capacity growth, provided prices of fuel, which form a large chunk of operating costs of airlines, remain stable.
06.06 / 08:31
markets
Coca-Cola
Platform
ICE
PepsiCo
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mountaineering
Cola, ice creams sell like hotcakes amid prolonged heatwave in India
CocaCola said demand from in-home and out-of-home consumption have skyrocketed in the east, north, and central India.Anticipating a surge, the companies kept inventory ready and are ensuring that the products are available for consumers across retail platforms, including e-commerce."With temperatures soaring across the country, consumers are looking for refreshing and hydrating beverages to beat the heat this summer," a PepsiCo India spokesperson said.The company, which has beverage brands such as 7UP, Nimbooz, Pepsi, Slice, Mountain Dew, Gatorade, and Sting, is ensuring availability of its products during the surge."Further, given the surge in demand, we are ensuring that our products are available across all retail and e-commerce platforms, catering to both in-home and out-of-home demand, making it easier for everyone to stay cool and refreshed during the hottest months of the year," he said.Coca-Cola India said as the summer season reaches its peak, the Indian beverage market has gained significant momentum.The maker of Coke, ThumsUP, Maaza, Sprite, and Minute Maid has been witnessing consistent growth in terms of sales."With a steady rise in demand, we expect to remain bullish in our sparkling, hydration and juice segments, refreshing consumers with our carefully curated beverages for life portfolio," said a Coca-Cola India spokesperson."With a surge in both, in-home and out-of-home consumption, our endeavour is to continue scaling the distribution through traditional as well as newer emerging channels.Havmor Ice Cream -- now part of South Korean confectionery company LOTTE Wellfood Co -- said it has increased production as the demand for the year has surpassed last year's."Last year, we witnessed one of the warmest
06.06 / 08:31
markets
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Century Textiles shares surge 14% after unit forms JV for ₹5,000 crore luxury housing project
Century Textiles and Industries, the real estate venture of the Aditya Birla Group, surged 13.70% in early trading today to reach ₹2,094 apiece. This spike followed the company's announcement that its wholly-owned subsidiary, Birla Estates, has entered into a joint venture with Barmalt India Pvt.
06.06 / 08:31
economy
Election
President
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country
Modi set to extend record as longest-serving G20 leader after Putin, Xi Jinping
With the Bharatiya Janata Party-led National Democratic Alliance winning a third consecutive term, Prime Minister Narendra Modi is all set to remain the longest-serving G20 leader after Russia’s Vladimir Putin and China’s Xi Jinping for five more years. As of 6 June 2024, Modi had served 3,664 days in office since being sworn in as India's prime minister on 26 May 2014. He is already the third-longest serving G20 leader, and will extend his record.
06.06 / 08:31
Citi
Waters
Action
Election
community
wellness
country
Elections done, India must unite for climate action
The seven-phase general election was a stupendous achievement by any measure and places India firmly on the global map of sturdy democracies. However, the process carried a high cost in the midst of a torrid heat wave gripping much of the country. A shocking total of 43 staff, on duty on the last day of polling in Uttar Pradesh and Bihar, are reported to have succumbed to the heat.
06.06 / 07:07
CEO
security
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NEET 2024 results sparks concern: Physics Wallah's Alakh Pandey questions scoring, calls for more medical college seats
Alakh Pandey, CEO of Physics Wallah has voiced his concerns about the NEET UG 2024 results, which was announced by the National Testing Agency (NTA) on Tuesday, revealing that 67 students secured All India Rank 1. A major concern among many aspirants has been regarding the limited number of seats in top medical colleges. As several students scored 719 or 718 out of 720, further concerns came to light about the scoring process since marks are awarded on a +4 and -1 basis. However, the NTA explained that grace marks were added to the scores.
06.06 / 07:07
markets
Provident
Mobile
wellness
voice
guidelines
IRDAI cracks down on fraudulent tele-callers; Check list of TRAI-assigned phone numbers insurers must use for customer calls
Insurance Regulatory Development Authority of India (IRDAI) has instructed insurance companies and insurance intermediaries, such as brokers, insurance market businesses, and corporate agents, not to call customers from a standard 10-digit mobile number in an effort to take harsh measures against fraudulent telecallers.
06.06 / 06:47
markets
Apple
Software
performer
innovations
Features
Mint Explainer: Why tablets failed to do what they promised—kill basic laptops
Mint poll of four analysts, based on market researcher IDC India’s 2023 annual PC shipments data, estimated around 1.2 million tablets to have been shipped last year. This figure has remained stagnant—even as laptops saw a boost driven by the covid-19 pandemic’s work-from-home era. Why, though, did the claims not work out? Is there still time, or have tablets decidedly failed to do what they promised—take over the segment of mainstream laptops? Mint decodes.
06.06 / 06:47
Ball
reports
testing
International
cricket
Despite injury, Rohit Sharma sets THESE 3 new records during India vs Ireland T20 World Cup Match
ICC T20 World Cup 2024 on 5 June witnessed a remarkbale feat by Indian Captain Rohit Sharma as he completed his 600 sixes in international cricket. His 600 sixes were scored in 427 matches.
06.06 / 06:47
markets
Progressive
security
economy
Election
President
Poll Position: Has the story unraveled for ‘narrative stocks’?
Warren Buffett, sat down for an interview with American public broadcaster PBS. He was asked a range of questions about his investment philosophy, state of the economy and his outlook for the country. Finally, when he was quizzed about the stock markets, Buffett condensed over 70 years of his investing wisdom into a couple of pithy sentences.
06.06 / 06:19
security
Tesla
Experts
country
rights
International
Acko versus Acko: Insurer cries trademark violation in China, moves Indian govt
barred India's Tesla Power from publishing advertisements with a Tesla trademark, after Elon Musk-led Tesla Inc. sued the Gurugram-based company for using its trademark. Tesla Inc.
06.06 / 06:19
UPS
security
Analysis
stage
reports
dutch
Tata Steel confirms report on potential $3.26 billion Dutch government's support for IJmuiden factory; stocks rise 2.07%
₹172.70, on June 6, at 10:45 p.m., on the BSE.Also Read | Stocks to watch: Force Motors, BHEL, RVNL, IEX, Tata SteelBloomberg reported that Tata Steel's IJmuiden plant has been associated with significant health and environmental issues in the surrounding area. According to the Dutch National Institute for Public Health and the Environment, emissions from the plant have been linked to lower life expectancy, increased lung cancer risk, and higher asthma rates among children.Also Read | Tata Steel Share Price Highlights : Tata Steel closed today at ₹169.2, up 6.55% from yesterday's ₹158.8Tata Steel confirmed that discussions with the Dutch Government regarding a decarbonization roadmap are ongoing.
06.06 / 06:19
security
Election
trends
Trade
Experts
recommendations
PSU Bank index jumps 4.4% on BJP-led NDA govt confirmation; IOB, CBI, Union Bank top gainers
Read here: CLSA reshuffles India portfolio post election results; drops L&T, adds HCL TechAll PSU Bank constituents were trading in the green in intra-day deals today with Indian Overseas Bank, CBI, Union Bank of India and Bank of Maharashtra rising over 5 percent each. Meanwhile, Indian Bank, SBI, Bank of Baroda, Punjab and Sind Bank, UCO Bank gained between 4-5 percent each.Other stocks Canara Bank, Bank of India, Punjab National Bank also added over 3 percent each.The index has jumped 72 percent in the last one year and 28 percent and 28 percent in 2024 YTD.
06.06 / 06:19
UPS
SUN
security
Nestle
Pharmaceuticals
Uno Minda, Aditya Birla Fashion & Retail & others hit 52 week high today ; Do you own any?
Bank Nifty was up by 527.1(1.07%) at 06 Jun 2024 10:44:55 IST.Other stocks such as Secur Credentials, Compuage Infocom, Morarjee Textiles, Vaxtex Cotfab, GSS Infotech hit their fresh 52 wk lows today.
06.06 / 06:19
markets
UPS
Target
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information
Why is Adani Power share price skyrocketing today? — explained
Stock market today: Adani Power share price witnessed a significant surge during morning deals. Adani Power share price today opened with an upside gap at ₹749.90 per share on NSE.
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