India Financial News

₹8.21 for Q4 which decreased by 23.82% Y-o-Y.Ahluwalia Contracts India has delivered -5.64% return in the last 1 week, 48.1% return in the last 6 months, and 56.32% YTD return.Currently, Ahluwalia Contracts India has a market cap of ₹8120.9 Cr and 52wk high/low of ₹1389 & ₹560.05 respectively.As of 01 Jun, 2024, out of 9 analysts covering the company, 3 analysts have given Hold rating, 4 analysts have given Buy rating, and 2 analysts have given Strong Buy rating.The consensus recommendation as on 01 Jun, 2024, was to Buy.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹199.8CrQuestion : What is Q4 revenue?Ans : ₹1163.66CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

An Indian police officer was arrested on May 31 for allegedly stealing Bitcoin worth INR 1.8 crore (approximately $216,000) during a crypto scam investigation.

Serial killer Robert Pickton has died at the age of 74 in Quebec.

Bosch Global Software Technologies has leased 691,320 square feet of space in Bengaluru as it aims to expand its India operations. The property is located at Life Science Park in Electronic City. Bosch will be paying rental at a rate of approximately ₹58 per sq ft with a binding agreement for five years with a hard option to extend by another five years, according to a lease registration document accessed by ET. «The new facility will seat around 8,000 employees and house the KPO operation under Robert Bosch. The annual rent escalation is 5% and Bosch will occupy the ground plus 10 floors in the new facility that is expected to go live by the end of 2024,» said a person with knowledge of the matter.

ALSO READ: KKR's IPL 2024 victory lights up Burj Khalifa; netizens call it, 'SRK effect'With KKR pacer Mitchell Starc's delivery being referred to as the ball of the tournament that dismissed Sunrisers Hyderabad opener Abhishek Sharma in the IPL 2024 final, Gambhir has a different view towards it.According to the former Indian opener, there is no such thing as an 'unplayable' delivery, and neither was Starc, who was bought by KKR for a whopping ₹24.75 crore at the auction.During an interaction with Sportskeeda, Gambhir labelled Starc as an X-factor.ALSO READ: IPL 2024 final: RCB fan wants both KKR, SRH to lose tonight; netizens ask, ‘Why so salty even after your journey ended?’"We always knew he was the X-Factor and he will become one at the right time. I mean, what other big matches could be there in the IPL? It was the Qualifier 1 and the Final.

MUMBAI:India’s largest IT firm Tata Consultancy Services (TCS) faced questions related to the rise in harassment cases and the difference in median salaries of men and women empl-oyees. Chairman of Tata Sons, Natarajan Chandrasekaran concurred that while TCS, with more than 600,000 employees, has zero tolerance towards harassment, the uptick in cases could be due to more employees expressing themselves.He also denied any conscious disparity in salaries based on gender.“...we are operating in such a global environment.

₹9.10 lakh. This new model, renowned for its impressive four-cylinder engine, is set to make a mark as a high-performance machine.

Realme GT 6 could be launched in India, Italy, Indonesia, Spain, Thailand, Malaysia, Mexico, Philippines, Brazil, Poland, Turkey and Saudi Arabia next month.While Realme hasn't officially revealed the price or any other details of the Realme GT 6 smartphone, a look at the price specs of the Realme GT Neo 6 could give us an idea about the price of the upcoming smartphone in India. Realme GT 6 Neo was priced at CNY 2,099 (approximately ₹24,200) for the 12 GB RAM/256GB storage variant and CNY 2,399 (approximately ₹27,500) for the 16GB RAM/256GB storage variant.

BENGALURU, India—India is set to be the world’s fastest-growing major economy this year, but economists say the country’s headline growth numbers don’t tell the whole story. The South Asian nation’s gross domestic product grew at more than 8% this fiscal year compared with the previous year, driven by public spending on infrastructure, services growth, and an uptick in manufacturing. That would put India well ahead of China, which is growing at about 5%, and on track to hit Prime Minister Narendra Modi’s goal of becoming a developed nation by 2047.

Rohit Sharma and Virat Kohli in the team is making former Indian cricketer and renowned commentator Sanjay Manjrekar unhappy. He said he would have picked a much younger Indian squad.Manjrekar says India now has no other choice but to pair Rohit Sharma with Virat Kohli for the opening slot.

Also Read: Lok Sabha Elections 2024: What are Exit Polls? When are they due? All you need to know“By deciding to boycott the Exit Poll exercise, they are bringing in question exercise carried out by several professional agencies, who have worked with thousands of associates to bring what people may have voted for," said Nadda in a post on X.“Instead of focusing on winning the election, Congress repeatedly approached the Supreme Court, making outrageous demands, in order to mutilate our well established electoral process," said Nadda.Nadda alleged that not just the Congress but its extended ecosystem, who are inimical India’s interest, too comes together to create cacophony and makes all attempts to undermine people’s faith in our institutions and process.Congress has been in denial mode for so long. The whole election they kept campaigning that they are going to get the majority but they know the situation.

India's economy grew at a faster-than-expected pace of 7.8% year-on-year in the first three months of 2024, helped by a strong performance in the manufacturing sector, and economists expect the momentum to continue this year. The highest growth pace among the largest economies globally will bolster the economic record of Prime Minister Narendra Modi, who is hoping to win a rare third term in the national election, with results set to be released on June 4. Investors are looking ahead to the election outcome and the full-year budget in mid-July to see what steps the new government might take to boost the economy.

index services subsidiary, NSE Indices, on Friday launched a new strategy index — Nifty500 Equal Weight — which represents an alternative weighting strategy to its parent index, the Nifty 500. It includes the same companies as the Nifty 500, however, weighed equally, an NSE press release said. The base date for the index is April 1, 2005, and the base value is 1000. The index is reconstituted on a semi-annual basis and weights are rebalanced on a quarterly basis.

Cricket World Cup 2023 were surrogate promotion of smokeless tobacco brands, according to a study that has called for a complete ban on promoting tobacco products in all sports. According to the study conducted by a group of experts from the Indian Council of Medical Research (ICMR) and Vital Strategies, of the total 41.3 per cent surrogate advertisements of smokeless tobacco (SLT) brands, 39.9 per cent were telecast during India's matches and 37.8 per cent during matches featuring one or both teams from South Asia (Afghanistan, Bangladesh, Pakistan and Sri Lanka). Cardamom was the main product promoted through such advertisements. «Two SLT brands, Vimal and Kamla Pasand, contributed to the surrogate SLT advertisements. While the promotion of the Vimal brand was entirely led by prominent Bollywood celebrities, former cricketers led the surrogate advertisements for Kamla Pasand,» the study that was published in the British Medical Journal in May said.

State-owned REC Ltd on Friday said its board has approved raising the borrowing limit in foreign currency to USD 24 billion form USD 20 billion. The overall borrowing limit in Indian rupees was however retained at Rs 6 lakh crore, the company said in an exchange filing. The board of directors at its meeting held on Friday approved «proposal of retaining the overall borrowing limit of the company in INR at Rs 6,00,000 crore and increase the borrowing limit in any foreign currency equivalent from USD 20 billion to USD 24 billion...» The board also approved raising up to Rs 1,45,000 crore through private placement of unsecured/secured non-convertible bonds/debentures.

Congress has reportedly outperformed BJP on various social media platforms, highlighting a successful digital strategy. Supriya Shrinate, while discussing the party's approach, revealed significant figures showing Congress's dominance over BJP. The party's overall reach on YouTube, Instagram, Facebook, and Twitter was notably higher. According to Shrinate, Congress garnered 613 million views on YouTube during the campaign, a stark contrast to BJP's 150 million views, showcasing a fourfold difference. This substantial difference indicates a stronger connection between the Congress's message and the public, with issues like inflation and unemployment resonating more with the audience.

India’s expanding defence role and partnerships in Indo-Pacific region will likely further contribute to the increasingly competitive nature of India–China relations, pointee out International Institute of Strategic Studies (IISS), leading international think tank in its recent report. The 11th edition of the International Institute of Strategic Studies (IISS) Asia-Pacific Regional Security Assessment (APRSA) released on the occasion on Shangrila Dialogue beginning on Friday in Singapore noted, “For India, being a ‘preferred security partner through defence partnerships, from combined exercises to arms transfer, increases its regional presence, which in turn enhances its influence with Asia-Pacific countries while countering Beijing’s regional influence. India’s defence engagement is and will continue to be focused on the Indian Ocean region, although it is working to increase its presence in Southeast Asia and the Pacific Ocean. India’s expanding defence role and partnerships will likely further contribute to the increasingly competitive nature of India–China relations.’’ It may be noted that India has stepped up its maritime security partnership across SE Asia including deputing Navy ships to the region regularly.

DGCA) on Friday issued a show cause notice to Air India over recent incidents of long flight delays in which passengers ostensibly faced significant discomfort, which the regulator said were in violation of various norms prescribed by it. The aviation regulator mentioned the inordinate delay of two international flights—AI 183 from Delhi to San Francisco on May 30 and AI 179 from Mumbai to San Francisco on May 24. “It has come to the notice of DGCA that flight Al-179 dated 24.05.2024 and flight Al-183 dated 30.05.2024 were inordinately delayed and passengers were put to discomfort due to insufficient cooling in the cabin, " the show cause notice reviewed by ET said.

record-setting spree with the best-ever May performance driven by brisk sales activity and high demand, even amid higher mortgage rates and increasing property prices. The country’s commercial capital witnessed more than 11,917 property registrations during the month, up 21.3% from a year ago. The performance led to the state exchequer fetching revenue worth over Rs 1,029 crore through stamp duty collection, up 23.5% on-year, showed data from Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra. “India's economic expansion and optimistic future have significantly enhanced homebuyers’ confidence in acquiring property, which has resulted in robust business activity in the industry. The sector is performing well on all key metrics including sales momentum, new developments, and price growth, and Mumbai property market undoubtedly remains the top performer,” said Deepak Goradia, CMD, Dosti Realty.

New Delhi: The Congress has decided not to participate in any Lok Sabha exit poll debates on the television channels and said it does not want to indulge in speculation and slugfest for TRP. Congress spokesperson and media department chairperson Pawan Khera said the voters have cast their votes and their verdict has been secured. «The results will be out on 4th June. Prior to that, we do not see any reason to indulge in speculation and slugfest for TRP,» he said in a statement shared on X.

Centre has utilised Rs 9,48,506 crore as part of its capital expenditure in FY24 as against revised estimate (RE) of Rs 9,49,555 crore, which account for 99.9 per cent of the RE government data showed on Friday. Spending picked up in September 2023 and once again in March 2024 marking the end of monsoon and the onset of General elections respectively. India raised capex by 42 per cent in FY22 and 24 per cent in FY23. This was trimmed to 11.1% for FY25 in the interim budget from the budgeted capex in FY24, which was up 35.9 per cent from previous year, in line with the government's fiscal consolidation glide path. The Centre intends to narrow its fiscal deficit to 5.1 per cent in FY25 from 5.8 per cent in FY24 (RE).