India Financial News
31.05 / 11:27
31.05 / 10:51
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Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index ended the session 42.05 points up at 22530.7, while BSE Sensex rose 75.71 points to 73961.31.
31.05 / 10:51
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Exit Polls Lok Sabha Elections 2024: What happened in 2019 and 2014? How accurate were they?
Exit Polls Lok Sabha Elections 2024: Exit polls are highly anticipated events preceding the official vote count by the Election Commission of India (ECI). Political analysts and psephologists meticulously analyze data to predict which party might have an edge in each state. An exit poll is conducted immediately after voting concludes in parliamentary or assembly elections. The exit polls for the 2024 Lok Sabha elections will be broadcast live on June 1, following the completion of the final voting phase. Voting for the last phase will continue until 6 pm on Saturday, with exit poll results going live from 6:30 pm onwards. The Battle for Power in 2024
31.05 / 10:39
Enterprise
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Top Gainers and Losers today on 31 May, 2024: Adani Enterprises, Adani Ports & Special Economic Zone, Divis Laboratories, Nestle India among most active stocks; Check full list here
Top Gainers and Losers in the Nifty Index TodayThe top gainers in the Nifty index today were Adani Enterprises (up 6.80%), Adani Ports & Special Economic Zone (up 3.90%), Shriram Finance (up 2.23%), Coal India (up 1.88%), and Tata Steel (up 1.86%). On the other hand, the top losers in the Nifty index were Divis Laboratories (down 2.39%), Nestle India (down 2.08%), Tata Consultancy Services (down 1.74%), Maruti Suzuki India (down 1.58%), and LTI Mindtree (down 1.49%).The bank nifty ended at 48,682.35, with an intraday high of 49,122.55 and a low of 48,569.05.
31.05 / 10:39
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India Q4 GDP Data Live Updates: FY24 growth likely to hit 8%, Q4 print moderate on agricultural slowdown
India Q4 GDP Data Live Updates: India's gross domestic product (GDP) for the January-March quarter of fiscal 2023-24 (Q4FY24) and the full year (FY24) will be released on Friday, May 31. The macroeconomic data will come only days ahead of the high-stakes Lok Sabha election results 2024, due on Tuesday, June 4.
31.05 / 10:39
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Zomato: After over 160% gains in last one year, Macquarie expects sharp downside of 47% for the stock – here's why
Zomato, the food delivery platform, faces a pessimistic outlook from global brokerage Macquarie. Contrary to the bullish sentiment of other brokerages, Macquarie predicts a substantial 47 percent downside for the company in the next 12 months.
31.05 / 10:39
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‘All eyes on Rafah’ but ‘No eyes on Manipur’? Netizens flood social media with another trend- All you need to know
Also Read: Manipur violence: A year on, 50,000 people still living in camps; society pulled apartThe phrase has been used to signify how people are vocal about international issues and human rights violations on foreign lands but prefer to stay mum on internal cases of violence like Manipur conflict.Also Read: All Eyes on Rafah Meaning: Why are Bollywood celebs using the trending hashtag to express solidarity with Palestine?Several social media users are using hashtags related to ‘But no eyes on Manipur’, or sharing the template on their social media accounts to draw attention towards the massive ethnic clashes in the Indian state Manipur last year.Nearly a year ago, the long-standing tensions between the Meitei and Kuki communities in Manipur transcended into massive violence across the state. The ethnic violence in Manipur took nearly 52 lives in three days in May last year.
31.05 / 10:39
Digital
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Financial
Understanding Your CIBIL Score: A Guide to Financial Wellbeing
TransUnion CIBIL was founded in 2000 as one of the oldest credit bureaus. It is a custodian of data as a credit bureau and this credit information is submitted by banks, NBFCs and all the credit institutions across India. TransUnion CIBIL analyses this data using proprietary algorithms and computes a three digit numeric indicator which indicates any consumers creditworthiness. It also talks about how well he/ she has managed his credit in the past.As one of the oldest bureaus and leaders in this segment, TransUnion CIBIL has a mission to empower consumers and businesses alike and also enable lending institutions with information solutions to power affordable and faster access to credit for consumers and businesses and foster their growth. It works extensively towards improving financial literacy and towards imparting credit education in initiatives that are aimed at increasing financial inclusion. Disclaimer: This article has been produced on behalf of the brand by HT Brand Studio. The content is for information purposes only and does not constitute financial advice. Milestone Alert! Livemint tops charts as the fastest growing news website in the world
31.05 / 10:39
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Health Insurance: As the IRDAI rules widen the insurance net, are higher premiums in the pipeline?
health insurance policies, premiums for health insurance policies may see a significant jump in the near future. It is worth noting that the Insurance Regulatory and Development Authority of India (IRDAI) removed the age bar recently to buy health insurance. This means individuals can buy new health insurance even after 65 years of age.
31.05 / 10:39
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2020
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OnePlus Nord 4 could arrive in India in the third week of July: Report
OnePlus Nord 4 is set to debut in the third week of July, with the company planning an in-person event to unveil the new Nord phone.Previous media reports indicated that the OnePlus Nord 4 would be released in the latter half of 2024, which aligns with a potential July launch. This recent leak is the first to provide a specific timeframe for the Nord 4's launch.
31.05 / 10:39
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T20 World Cup 2024: Former Pakistan star player predicts IND vs Pak clash, says ...
ALSO READ: T20 World Cup 2024: Top 10 squads, India vs Pakistan match details and moreLooking at the stats, in the past four years—due to the relatively high frequency of multi-nation tournaments after the COVID-19 pandemic—India and Pakistan have faced each other a number of times.Be it World Cup games, T20 or ODI, India have won all the matches, barring a resounding 10-wicket win by Pakistan during the 2021 T20 World Cup.With critics, experts and former cricketers sharing their predictions for the 9 June match, former Pakistan wicketkeeper Kamran Akmal opined that India would take away the match from Pakistan's clutches.Asked by a fan for his prediction for the fixture on Instagram, Akmal in reply said, "Definitely India!"ALSO READ: T20 World Cup 2024 full schedule: Check dates, venues, timing, livestreaming details and moreThe former Pakistani cricketer agreed with former England Michael Vaughan's opinion on current Pakistan's team's merit.ALSO READ: T20 World Cup 2024: ‘Lone wolf attack' threat during India vs Pakistan match, New York promises ‘largest security’"Over the past few days, I have wondered why a former England captain is commenting and taking Pakistan cricket non-seriously. It has been a painful thought, but I think he was correct in his assessment," Akmal said on his YouTube channel."Everybody knows the level of Pakistan cricket.
31.05 / 10:39
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Heat-stroke claims over 50 lives in India: Check states where heatwave-related deaths were reported
Here's a list of states where deaths dur to "heatstroke" or "sunstroke were reported:Delhi, where the temperature touched 49 degrees Celsius on Wednesday, recorded its first heat-related death this week. A 40-year-old labourer died of heatstroke on Wednesday, the Indian Express reported.Around 10 to 12 people died at a government hospital in Odisha's Rourkela region on Thursday. Meanwhile, ADM Rourkela Ashutosh Kulkarni told news agency ANI, “Four people died due to heat in Rourkela.
31.05 / 10:39
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Extreme
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electronic
testing
Angibaan’s test flight shows Indian aerospace is done playing catch-up
India's space ambitions: Market forces are with us Agnikul Cosmos has just demonstrated that it is no longer a matter of playing catch-up as the Agnibaan launch vehicle is cutting-edge in terms of technology. The engine is semi-cryogenic, meaning it uses a mixture of extremely cold fuel (liquid oxygen) and normal-temperature fuel (kerosene or aviation turbine fuel). Semi-cryogenic rocket engines are even trickier than fully cryogenic ones, which use a mix of very cold fuels.
31.05 / 10:39
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Srinagar airport receives bomb 'threatening call’ targeting Vistara flight from Delhi
Also Read: Bomb threats in India: Alarming rise in May 2024; all you need to knowHowever, the threat turned out to be a hoax. All the passengers were safely de-boarded after the plane landed.An airport official confirmed on the phone that the threat was deemed non-credible and normal operations resumed, reported ANI, quoting Srinagar Airport Authorities.After an exhaustive search, no explosives were found on the plane, PTI quoted officials as saying.Also Read: Hyderabad's Praja Bhavan receives bomb threatHowever, the source of the threat is yet to be known.
31.05 / 10:37
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Exit polls loom as Sensex snaps 5-day losing streak with modest gains
Indian benchmark equity indices pared early gains and closed slightly higher on Friday, halting a 5-day losing streak amid caution ahead of the exit polls on Saturday and the Lok Sabha election results next week. The 30-share BSE benchmark Sensex rose 76 points or 0.10% to settle at 73,961. The broader NSE Nifty gained 42 points or 0.19% to end at 22,531.
31.05 / 10:37
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Indian stocks tend to reward investors post polls, history shows
Indian stocks have turned volatile ahead of election results due next week, but if history is any guide the outcome makes little difference to long-term investors. The S&P BSE Sensex Index gained in the six-month period after voters’ verdict in each of the last five elections, giving a median return of over 11%. While the market has mostly priced in a victory for Prime Minister Narendra Modi’s party, market participants expect his party to better their previous seat tally of 303 seats to extend stock gains.
31.05 / 10:37
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US payments firm Stripe goes 'invite only' in India, cites regulatory changes
payments major Stripe has moved to an ‘invite only’ mode in India, meaning merchants will not be able to join the payment aggregator by themselves. They will need to request for an invite from Stripe’s India team and wait for approval. In a post published on its website, Stripe said it will only be able to support more Indian merchants by the second half of 2025. The company did not provide any explanation for the same.
31.05 / 10:37
Waters
security
Election
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testing
Patiala Lok Sabha 2024 Elections: Date, schedule, party-wise candidates and other details
Phase 7 of the Lok Sabha elections on June 1. The constituency includes eight Vidhan Sabha constituencies: Patiala Rural, Patiala, Rajpura, Samana, Ghanaur, Nabha, Sanour, and Shutrana. Being a General category seat, the Patiala constituency seat encompasses the entire Patiala district and part of Sahibzada Ajit Singh Nagar district. The constituency has a literacy rate of 67.63%. Polling for 13 Lok Sabha constituencies in Punjab and the lone Chandigarh seat will be held on Saturday, with INDIA bloc allies Congress and AAP contesting separately and the SAD and BJP also deciding to test the poll waters alone. Prominent candidates in the fray are four-time MP Preneet Kaur, former chief minister Charanjit Singh Channi, three-time MP Harsimrat Kaur Badal and Ravneet Singh Bittu.
31.05 / 10:27
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Cement industry in India consolidating, market shares of top companies growing: ICRA
inorganic expansions. According to rating agency ICRA, while organic growth is expected to continue in the medium term, cement companies are also preferring the inorganic route (either through acquisitions or through mergers) leading to consolidation in the industry. The market shares of the top five cement companies increased to 54 per cent as of December 2023 from 45 per cent as of March 2015 and is expected to further grow to 55 per cent as of March 2025.
31.05 / 10:27
31.05 / 10:27
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5G adoption on a roll in India, yet tariff upside may be minimal: India Ratings
subscriber count is seen rising several notches to 20-25 per cent of the overall base in one year, but though telcos are in a «better position» to execute tariff increase, actual visibility on a «meaningful» increase remains uncertain, Ind-Ra said. According to India Ratings and Research (Ind-Ra), this is because globally too 5G has not yielded any major tariff premium over 4G rates. The use cases of 5G in India are still limited to applications such as video streaming and multi-person video calls.
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