India Financial News
03.06 / 12:35
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cricket
'Stop-Clock': New rule for T20 World Cup 2024; check how things change for cricket captains
ICC mandated the use of stop clocks in limited-overs international matches. It also clarified that the new stop clock rule will become permanent in all ODIs and T20Is from June 2024.“Results presented to the Chief Executives’ Committee (CEC) demonstrated that approximately 20 minutes had been saved per ODI match.
03.06 / 12:35
UPS
Provident
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Amazon offers on Apple laptops: Get up to 23% off on powerful and lightweight MacBook models
MacBook Air and the top 3 alternatives that can match its smooth functionality and come at a more cost-effective priceThe 2024 MacBook Air 13" with M3 chip offers blazing-fast performance in a compact, portable design. The 13.6-inch Liquid Retina display supports one billion colours, providing an immersive viewing experience. With an 8-core CPU and up to 10-core GPU, this laptop handles multitasking and creative workflows effortlessly.
03.06 / 12:35
markets
IPO
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information
3C IT Solutions & Telecoms (India) Limited Announces Launch of IPO on June 4, 2024
India, June 3, 2024: 3C IT Solutions & Telecoms (India) Limited, a leading IT System Integration Company, is thrilled to announce the launch of its Initial Public Offering (IPO) on Tuesday, June 4, 2024. The IPO will be listed on the BSE SME platform, with Kreo Capital Private Limited serving as the lead manager and Skyline Financial Services Private Limited as the registrar.
03.06 / 12:35
markets
Provident
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innovations
Sharekhan Triumphs Again with Top Industry Recognitions in 2024
Dun & Bradstreet’s prestigious list of India’s Leading BFSI and FinTech Companies 2024. This accolade, released on February 27, 2024, underscores Sharekhan’s commitment to creating customer delight via innovations in the financial services sector.Adding to this significant honour, Sharekhan has once again been named one of India’s Most Trusted Brands in the BFSI category, marking the second consecutive year the company has received this distinction.
03.06 / 12:35
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Features
Aranmanai 4 OTT release: Tamil horror-comedy starring Tamannaah Bhatia, Raashii Khanna to stream online
₹73 crore in India's gross box office. With ₹19.5 crore coming from the overseas market, the movie's total box office collection stands at ₹92.5 crore.In 2024, the movie became the first commercially successful Tamil movie. In addition to Bhatia and Khanna, the movie also features other actors such as Ramachandra Raju, Santhosh Prathap, Kovai Sarala, Yogi Babu, VTV Ganesh and Delhi Ganesh.The movie's story takes place in Northeast India.
03.06 / 12:35
economy
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beautiful
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Israel Embassy now promoting Indian beaches as tourist destination after Maldives ban, says ‘warmly welcomed and…’
Israeli tourists are warmly welcomed and treated with utmost hospitality," the Israeli Embassy in India said in a post on X and also shared a list of recommendations.The posts mentioned the beautiful beaches of Goa, Kerala, Lakshadweep, Andaman & Nicobar Islands as alternative tourist destinations to Maldives, primarily known for its serene beaches. Israeli Embassy's promotion comes as India and Maldives relations took a nose dive after the election of President Mohamed Muizzu, who came to power on the backs of the ‘India OUT’ campaign. Mohamed Muizzu has displayed close proximity to China and forced India to withdraw its troops from the island nation.
03.06 / 12:11
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Maldives will ban Israelis from entering the country over the war in Gaza
The Maldives government will ban Israelis from the Indian Ocean archipelago, known for luxury resorts, as public anger in the predominantly Muslim nation rises over the war in Gaza
03.06 / 12:11
03.06 / 12:01
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Stock market update: Nifty Bank index advances 4.07%
Shares of Bank of Baroda(up 12.1 per cent), State Bank of India(up 9.07 per cent), Punjab National Bank(up 5.84 per cent), Axis Bank Ltd.(up 5.32 per cent) and IndusInd Bank Ltd.(up 4.65 per cent) ended the day as top gainers in the pack.
03.06 / 12:01
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Stock market update: Sugar stocks up as market rises
Kothari Sugars & Chemicals Ltd.(up 10.49%), Bajaj Hindusthan Sugar Ltd.(up 6.18%), Simbhaoli Sugars Ltd.(up 3.75%), Rajshree Sugars & Chemicals Ltd.(up 3.52%), Balrampur Chini Mills Ltd.(up 3.40%), Sakthi Sugars Ltd.(up 3.30%), DCM Shriram Industries Ltd.(up 2.95%), Dalmia Bharat Sugar and Industries Ltd.(up 2.59%), Avadh Sugar & Energy Ltd.(up 2.58%) and Shree Renuka Sugars Ltd.(up 2.25%) stood among the top gainers.
03.06 / 12:01
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Discrimination
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Around one-third employees experience age-related discrimination at work: Study
employees in India have experienced age-related discriminations across sectors with the highest prevalence reported in multinational companies, a study said on Monday. The 'Ageism in the Workplace' study by talent company Randstad India revealed that 31 per cent of employees in India have experienced discriminations due to their age and such discriminations are mostly prevalent during recruitment process, especially in job advertisements of organisations. About 61 per cent respondents said job advertisements in India have age biases (qualifying age criteria or years of experience), it added.
03.06 / 12:01
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Noida businessman duped of Rs 9 crore in WhatsApp trading scam: Report
market regulator Sebi comes up with various awareness themes to mitigate market-related frauds, they continue to grow, thanks to an unregulated arena of social media. The latest to fall victim to one such fraud is a businessman from Noida, who has been allegedly duped of over Rs 9 crore by cyber thugs, according to a Times of India report.
03.06 / 12:01
Analysis
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Profiles
Lok Sabha polls: 2,572 crorepatis; 1,643 candidates with criminal cases in fray
Lok Sabha election results on Tuesday, there are 2,572 candidates who are crorepatis while 1,643 candidates have criminal cases registered against themselves, according to poll rights body ADR. An analysis by the Association for Democratic Reforms (ADR) and National Election Watch has shed light on the profiles of the candidates. Out of the 8,360 candidates contesting, 8,337 have been analysed, revealing significant insights into their backgrounds, including criminal records, financial status, education, and gender representation. The analysis revealed that 20 per cent of the candidates have declared criminal cases against themselves, marking an increase from 19 per cent in 2019, 17 per cent in 2014, and 15 per cent in 2009.
03.06 / 12:01
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Stock market update: Mining stocks up as market rises
Ashapura Minechem Ltd.(up 8.66%), Oriental Trimex Ltd.(up 5.59%), MOIL Ltd.(up 4.34%), Coal India Ltd.(up 4.31%), Gujarat Mineral Development Corporation Ltd.(up 3.45%), NMDC Ltd.(up 2.98%), Pokarna Ltd.(up 2.88%), KIOCL Ltd.(up 2.62%), The Orissa Minerals Development Company Ltd.(up 2.55%) and 20 Microns Ltd.(up 1.27%) stood among the top gainers.
03.06 / 11:41
markets
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International
Railway stocks soar on exit poll; IRFC, RVNL among top gainers
Rail Vikas Nigam Limited (RVNL) at 11 per cent, Indian Railway Finance Corporation (IRFC) at 12.5 per cent, and Jupiter Wagons.RVNL shares reached a new record high with market capitalisation surged to ₹85,000 crore mark.Also read: Exit Polls Impact: 7 BSE Power stocks surge to record highs; Adani Power, NTPC lead with gains up to 19%Other railway stocks that saw gains included IRCON International (6.26 per cent), RITES (3.52 per cent), Indian Railway Catering and Tourism Corporation (IRCTC, up 3 per cent), and Texmaco Rail & Engineering (5.28 per cent).The railways sector is anticipated to be a leading beneficiary under the third tenure of the Modi government. Many railway stocks have given multibagger returns in the last 12 months.According to an average of 12 exit polls, the NDA is likely to win at least 363 seats this time.
03.06 / 11:41
03.06 / 11:41
COST
Target
Digital
CEO
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Have hired more data scientists than any other ad agency: Wavemaker India CEO
Mint on the sidelines of the recently-concluded advertising festival GoaFest 2024.“Unlike competitors, we began investing heavily in research and technology back in 2017 when we started; we are using a lot of AI (artificial intelligence) now. This is because there are a number of playbooks available for best practices for television advertising, but none for ads for digital mediums. In a way, we are now writing textbooks on how to use data for better digital advertising in our data greenrooms.
03.06 / 11:41
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FIVE
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rights
Suzlon Energy stock hits 5% upper circuit as Morgan Stanley sees 17% upside
Suzlon Energy hit their 5 percent upper circuit at ₹49.99 on Monday after global brokerage house Morgan Stanley initiated coverage on the stock with an ‘overweight’ rating and a target price of ₹58.5, implying an upside of 17 percent.This comes after the wind energy firm got bullish views from 2 other brokerages - Nuvama and Anand Rathi. Both had ‘buy’ calls on the stock with Nuvama's target at ₹53 and Anand Rathi's target at ₹58.Morgan Stanley noted that Suzlon 2.0 is well-positioned to benefit from India's energy transition.
03.06 / 11:41
COST
Digital
How would I be taxed for selling cryptocurrency to a resident Indian?
—Name withheld on request.India’s exchange control law is not clear on whether a resident can buy cryptocurrency from a non-resident person on a P2P basis and thereafter credit the sale proceeds to the NRO account of the non-resident. Further, banks may also refuse to allow repatriation outside India knowing that the source of funds have arisen from the sale of cryptocurrency.Keeping aside the exchange control law aspects, under Indian tax law, income derived by a non-resident is subject to tax in India only if it accrues or arises in India, is received or deemed to be received in India, or is deemed to accrue or arise in India.If you accept the offer of the Indian buyer outside India and also effect the transfer of cryptocurrencies from your private wallet while being outside India, then the income would accrue to you outside India.
03.06 / 11:41
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Lounge Loves: Palestinian content creators, Psych on Netflix and more
—Nitin SreedharThe premise is simple. Shawn (James Roday), a man with extraordinary observational skills—so good that he can trick people into believing he’s psychic—helps cops solve crimes. The American sitcom Psych first aired in 2006, so rewatching its first season in 2024 (it’s now on Netflix India) is a nice reminder of a time on TV when crime and comedy could meet with a casual lightness; and most sets and shots were well-lit.
03.06 / 11:41
markets
COST
IPO
security
Experts
band
information
Sattrix Information Security IPO to open on June 5; price band set at ₹121 apiece
₹121 apiece. The IPO lot size for Sattrix Information is 1,000 shares.By buying 1,000 shares at ₹121 apiece, retail investors can invest a minimum of ₹1,21,000 and a maximum of ₹1,21,000.
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