India Financial News

«We have been very bullish for railway for actually right from September 2020 when we have a very sizeable exposure in some of the companies, we are a very meaningful stakeholder in most of the government companies, actually we are the largest shareholder in some of the government companies itself, so that level of exposure we already have, maybe closer to this event we have partially pruned down in some of the expensive names particularly in defence space,» says Sandeep Tandon, CIO, Quant Mutual Fund. We are pinching ourselves. We are telling us that this is unreal, but it is real. The markets are up 4%, it is the biggest gap up for Indian markets in its life. So, magical things are happening today. Now as a money manager, what changes in the way you have invested in the past and the way you will invest in future post-election certainty and uncertainty going away? First of all, now it is endorsements of the policies which was followed by the previous government, so which clearly means that infra as a theme, manufacturing as a theme, PSU as a theme will continue.

Coal India, M&M, Adani Ports, ABB, HPCL, and Hindalco.Midcaps: Indian Hotels, Godrej Properties, Global Health, KEI Industries, PNB Housing, Cello World, and Kirloskar Oil.Read here: ICICI Bank, SBI, L&T, among 15 stock picks by Motilal Oswal after exit pollsWe believe the small-cap and mid-cap stocks (SMID) can take a breather in the new term after a rally led by election results. Moreover, the laggard large-cap stocks are at a good tactical positioning.Among sectors, we like Real Estate, Industrials, and Power from a long-term perspective.

PTI on Monday that over 2,000 personnel would be deployed in the north-eastern state of Mizoram to proceed with the vote-counting process for the state's lone Lok Sabha seat.“A three-tier security arrangement has been made in all the 13 counting centres across the state," Chief Electoral Officer (CEO) Madhup Vyas said. In the state capital, Aizawl, there would be three counting centres and one in each of the other district headquarters.There will be 40 counting halls equipped with 379 tables.

Riyan Parag doesn't want to watch T20 World Cup 2024; netizens react, 'Thoda jyada hi attitude hai isme'More than the specifics of the WI vs PNG match, however, one issue that has taken centre stage is the lack of spectators at the Providence Stadium to watch their home team. Social media users were quick to lash out at the International Cricket Council (ICC), questioning how a World Cup opener in the host nation could have empty stands.What's even more surprising is that New York's Nassau Cricket Stadium, which is hosting an ICC event for the first time, was packed for both the USA-Canada match and the warm-up match between Bangladesh and India.Social media users had a number of stories as to why the stands were empty during the WI vs PNG match.

HealthCare Global Enterprises Limited (“HCG"),the leader in India in speciality healthcare services focused on oncology and fertility today announced its audited financial results for the quarter (“Q4")and full year ended FY24.Highlights for quarter endedMarch 31st, 2024INR million except earnings per sharePeriod ended Mar’24Q4-FY24Q4-FY23(1)Growth(y-o-y)4,9464,41712%94177821%19.0%17.6%92076321%18.6%17.3%282131115%5.7%3.0%21384154%4.3%1.9%1.50.6(1) Q4 FY23 includes Revenue & EBITDA from discontinued MSR operations, adjusted Revenue growth stands at 14% &EBITDA growth stands at 23%(2) Adjusted EBITDA excluding ESOPs and Onetime Expense(3) PAT after Minority InterestCommenting on the results,Dr. B.S. Ajaikumar, Executive Chairman, HealthCare Global Enterprises Ltd.said,“We experience a deep sense of fulfilment to report a consistent benchmark-beating performance across all fronts for the quarter and the fiscal year ending FY24. Year after year, HCG has achieved sustainable cancer care outcomes comparable to premier centers in the world, thanks to our unique value-based care model and focused factory approach providing patients with the right treatment at the right time, using best in class talent, knowledge, technology, and infrastructure.Given the mounting incidence of cancer in recent years, India has prudently enhanced its cancer diagnosis and treatment processes in the guiding light of visionary crusaders like HCG. We prioritize a deep engagement in academics and research alongside an unflinching focus on patient outcomes. In the past year, we have made significant triumphs, including the successful completion if comprehensive genomic profiling for over 1,000 cancer patients, executing complex surgeries, and launching

₹11.44 crore from the primary markets. 3C IT Solutions IPO is an SME IPO which will close on June 7.The company offers various IT products and services under 3 segments i.e.

₹558 per share. Similarly, REC, another power financing stock, soared by 11.70% to achieve a fresh record high of ₹600 per share.

Poll of Polls: 10 exit polls predict 350+ seats for BJP-led NDA, three 400+; INDIA bloc to get less than 200 seatsThe Indian stock market experienced high volatility last month due to the Lok Sabha election. While most experts expected the NDA to retain power at the Centre, the market was nervous amid speculations that the ruling alliance might not secure a strong majority. With exit polls indicating a solid majority win for the NDA, the stock market appears to have shrugged off election-related jitters.Also Read: Exit Poll 2024: How to trade keeping Lok Sabha Election results in mind?Experts are optimistic about the Indian stock market's medium—and long-term prospects.

Athachi Finserv is a part of Athachi Group, which has sustainability in its heart, and ethical values at its core. A second-generation organization committed to the cause of preserving, protecting, and nurturing nature, and bringing back ancient Indian wisdom to limelight, the conglomerate is passionately involved in nature-based Farm Produce, Ultra Luxury Skin & Personal Care, Premium Wellness Products, Investment Management, Financial Advisory, Renewable Energy etc. In fact, joining Athachi Finserv is more of a homecoming of sorts for Mr.

ACESO, a pioneer institution in providing innovative solutions for insurance policyholders, has launched ALIP (Assignment of Life Insurance Policies), a unique solution designed for LIC policyholders contemplating policy surrender or experiencing lapses. ALIP provides the opportunity to receive the Surrender Value of their endowment insurance policies, even while preserving their life cover benefits.

Since the number of air travelers has grown by leaps and bounds over the last few years, airlines, banks and credit card companies have been busy planning and executing products to gain customers in this space. Banks and credit card issuing companies could be seen competing with each other by launching innovative features on existing credit cards for flyers and offering exclusive credit cards. Among many other features, one of the most demanding and sought-after is complimentary lounge access for air travelers, as it enhances their travel experience and makes it comfortable and hassle-free.

Although there is a long history of affluent city-dwellers owning second homes in popular places such as Goa and Mussoorie, this trend has gained momentum since the pandemic. In addition to rising disposable incomes, this is due in part to remote work becoming increasingly common. Traditional options include tropical and ‘beachy’ destinations such as Goa and Alibaug, as well as more temperate towns such as Mashobra or Darjeeling. Coonoor is a relatively recent entrant to this club but has quietly become a popular choice among a small clutch of urban elite who are looking for an unspoilt but also convenient location for a second home.

Approaching a home loan in your retirement years might seem difficult, but it is possible. To enable senior citizens in India to become homeowners, it is essential to simplify the home loan procedures to accommodate their specific financial situations. Taking steps to customize loan terms, lower interest rates, and add flexibility to repayment choices can enhance accessibility to home loans for this particular age demographic.

Jio Financial Services Ltd, a subsidiary of Reliance Industries, on Thursday announced the launch of ‘JioFinance’ app in a beta version. The launch of JioFinance, a cutting-edge platform, is aimed at revolutionising daily finances and digital banking.

As we navigate through the recent times, the Indian residential real estate market is emerging as a beacon of security for investors, making the housing market shine for those seeking stability and growth. The Indian real estate market witnessed an unprecedented surge in 2023, surpassing all expectations and setting new records. Buyers are now placing a greater emphasis on owning a home rather than opting for rental arrangements.

Driven by economic growth, rapid urbanisation, increased individual earnings, and mounting interest in an opulent lifestyle, luxury housing in India is on a roll currently. Buyers now demand bigger spaces fitted with modern amenities and splendid architectural layout with meticulous design to ensure experiential living. And amid the rising demand, Delhi-NCR dominated the luxury housing Q1 launches.

Several Indian startups are setting their sights on the Gulf markets, on the back of the region’s burgeoning middle class and high disposable incomes. From beauty and fashion to mobility and home services, these startups see immense growth potential by catering to premium consumer segments.

India recorded nearly 25,000 cases of suspected heat stroke and 56 fatalities due to multiple heatwave days across the country from March to May, according to government data. The month of May has been particularly harsh for the region, with temperatures in the capital Delhi and the nearby state of Rajasthan reaching up to 50 degrees Celsius (122 degrees Fahrenheit).

Realme has officially announced that the global launch date for the Realme GT 6 is set for June 20, 2024. Although the announcement does not specifically mention India, it is likely that the phone will debut in the country on the same day. This release follows closely on the heels of the Realme GT 6T, making it the second Realme GT phone to launch in India within a short span.

Income tax return filing FY 2023-24: The deadline to file ITR for AY 2024-25 is July 31, 2024. Salaried individuals are waiting for their employers to issue Form 16, in a week or two. Once they receive Form 16, they will be in a position to file income tax returns easily. However, this document is not necessary to file an ITR if a taxpayer uses other documents like Form 26AS, Annual Information Statement (AIS) / Tax Information Summary (TIS), capital gains details, bank statements, home loan statement and interest certificates from banks.

Public sector lender Bank of India has launched a special FD plan called ‘666 Days – Fixed Deposit’. The FD scheme offers very attractive returns on deposits as high as 7.95% per annum for super senior citizens for 666 days for deposit amount of less than Rs 2 crore. Super senior citizens are those who are 80 years of age or above.