India Financial News

Asset managers have lined up several new fund offers (NFO) unfazed by the outcome of the general election results on June 4. As many as 12 new fund offers are open or will be launched in the next fortnight. Motilal Oswal launched a multicap fund and JM Financial has started a small-cap fund to complete their product basket in the diversified fund space. Many fund houses are launching thematic funds that include the likes of financial services, manufacturing and special opportunities. Mahindra Manulife and Baroda BNP Paribas are launching manufacturing funds.

venture funds, investment firms backed by veteran corporate leaders as well as several startup founders are among those vying to buy stakes in a slew of new consumer brands that are challenging the dominance of incumbents. Flipkart-backer Accel is in advanced discussions to invest in new-age luggage brand Uppercase valuing it at around $50-60 million, sources aware said. In February, Peak XV Partners invested in premium luggage maker Mokobara, while another investment firm Lighthouse picked a stake in Safari Industries in March. Separately, early-stage home and kitchen products brand Solara has raised capital from Livspace cofounder Ramakant Sharma and others, amid a flurry of deals across segments from luggage to beauty, wellness, pet care, jewellery, food and beverages.

Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly-owned subsidiary of the Reserve Bank of India (RBI), reported a 17% increase in its deposit insurance fund in FY24. The Deposit Insurance Fund (DIF), which is crucial for settling claims of depositors from liquidated or amalgamated banks, climbed to ₹1,98,310 crore as of March 31, 2024, up from ₹1,69,602 crore the previous year.

compliance burdens and costs for Indian startups and businesses providing AI systems in that region and impact their competitiveness, experts said. The Act is expected to come into force by the end of June.

₹12.36 for Q4 which increased by 6.19% Y-o-Y.Linde India has delivered -9.35% return in the last 1 week, 47.54% return in the last 6 months and 49.2% YTD return.Currently, Linde India has a market cap of ₹71770.51 Cr and 52wk high/low of ₹9935.05 & ₹3922.19 respectively.As of 31 May, 2024, out of 2 analysts covering the company, 1 analyst has given a Buy rating & 1 analyst has given a Strong Buy rating.The consensus recommendation as of 31 May, 2024, was to Strong Buy.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹105.41CrQuestion : What is Q4 revenue?Ans : ₹630.07CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

A post shared by Dr. Selene Khosla (@selenekhosla)Her post quickly went viral.

PTI.ALSO READ:‘It was our fault…': Pakistan violated peace agreement with India in 1999, says former Pak PM Nawaz SharifWahida is a resident of Nagaon district in Assam and was arrested in 2023 along with her son while illegally entering Pakistan from Afghanistan via the Chaman border.She told the authorities in Pakistan that an Indian travel agent had deceived her, due to which she reached Pakistan. "After the death of my husband in 2022, I decided to take my son to Canada.

Phone (2a), complemented by a grey section on the back panel that highlights Nothing's signature design elements.The red accent is a nod to the company's earbuds, specifically marking the dot that is always visible on the right earbud. Yellow represents the new Ear (a) model, while blue signifies the Blue edition of the Phone (2a). This thoughtful integration of colors adds a fresh, vibrant look to the device.The Nothing Phone (2a) Special Edition comes with 12GB of RAM and 256GB of internal storage, priced at Rs.

Heavy rainfall lashed the coastal state of Kerala and eight people were reportedly injured due to lightning."Normal date (for the arrival of Monsoon in the northeast) was 5th June, but it arrived today. In Kerala, it was supposed to be on 1st June, but it arrived here on 30th May.

Reserve Bank of India, on behalf of the government, accepted bids that represented only a fraction of the total amount of bonds that the Centre had offered to repurchase at a scheduled auction. At Thursday’s buyback auction of government bonds, the RBI accepted bids worth Rs 5,111.29 crore versus the notified amount of Rs 40,000 crore worth of securities that the Centre had offered to repurchase, latest central bank data showed. Banks offered bids worth Rs 10,989 crore at the auction. The RBI is the government’s debt manager.

Sri Lankan government on Thursday said that four of its nationals arrested in India last week by the authorities in Gujarat for links with the Islamic State terror group have no record of being "religious extremists" but drug addicts. Speaking to reporters in the Eastern town of Ampara, Secretary of Defence Kamal Ginaratne said that the Sri Lankan authorities were also asked to check on the background of those arrested in India and accordingly after a probe it has been found that they are into drugs. «We are currently investigating them. We have found them to be severely addicted to drugs. They are not religious extremists,» Gunaratne said responding to a question. He said that the Sri Lankan authorities have arrested more of their associates but it won't be right to reveal any more details on them as the investigation is going on.

Major Radhika Sen, born in Himachal Pradesh in 1993, is set to receive the UN Military Gender Advocate of the Year Award on May 30, coinciding with the International Day of UN Peacekeepers. She is the second Indian peacekeeper to receive this award, after Major Suman Gawani, who was honored in 2019 for her service with the UN mission in South Sudan. This prestigious award, established in 2016, recognizes the dedication of individual military peacekeepers in promoting gender equality across peacekeeping missions. It aligns with the principles of UN Security Council Resolution 1325 on women, peace, and security. The awardee is chosen from candidates nominated by force commanders and heads of missions from all peace operations, according to UN peacekeeping.

T20 World Cup. The former World Cup champion Ponting believes that Bumrah's sensational form in the recently concluded Indian Premier League (IPL) 2024 will make the India pacer frontrunner in the showpiece ICC event as the highest wicket-taker. In the IPL 2024, Bumrah took 20 wickets in 13 games, conceding runs at a miserly economy rate of 6.48 despite the large totals in the tournament.

BJP state party president BY Vijayendra on Thursday demanded that Scheduled Tribes Welfare Minister B Nagendra be sacked and that the state hand over the case of an alleged illegal fund transfer by the department’s corporation to various bank accounts to the CBI for a probe. The BJP, he warned, would launch a statewide agitation over the issue, if its demands were not met within a week. “It is not enough to suspend two or three officials in connection with the Valmiki Development Corporation scam,” he said. He was referring to the government suspending officials after a Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation (KMVSTDC) officer’s alleged suicide over his seniors’ corruption. The officer, Chandrashekhar, 52, had alleged in his “death note” on Sunday that the funds up to Rs 187.33 crore had been allegedly transferred to various accounts following pressure by the managing director of the corporation. He had named Corporation's managing director J G Padmanabh, accounts officer Parashuram G Durugannavar and Union Bank of India chief manager Suchismita Rawal in the note. He had also said that the orders were originally given by the department’s minister orally.

Tata Steel Ltd will start generating operating profit from the latter half of this financial year, managing director T.V. Narendran said, once its blast furnaces are shut and the unit begins processing crude steel imported from India and the Netherlands. The company’s Dutch unit, also in the red in the March quarter, will turn an operating profit in the current quarter as full-scale production has resumed after lengthy maintenance work, Narendran said in an interview.

Also read | Mint Primer | Into the 50s: Why heatwaves are hotter & longerDelhi's primary weather station, the Safdarjung Observatory, recorded its second-highest maximum temperature of this summer season so far on Thursday.This came a day after recording a 79-year high of 46.8 degrees Celsius on Wednesday, according to the IMD data.On June 17, 1945, a temperature of 46.7 degrees Celsius was recorded. On Wednesday, Delhi's Mungeshpur recorded a maximum temperature of 52.9 degrees Celsius, the highest temperature recorded in the country.Following this, IMD officials released a press statement saying that they are examining the sensors and data of the area's weather station for any potential errors.However, the IMD has not issued any report on the inspection of the water sensors in Mungeshpur till nowThe ministry has mandated imported coal based plants to operate full capacity till September 2024.

Stocks to buy: The Indian stock market saw a significant sell-off on Thursday, May 30, coinciding with the expiry day of May futures and options (F&O) contracts. The Sensex concluded the session down by 617 points, marking a decrease of 0.83 percent, settling at 73,885.60. Meanwhile, the Nifty 50 wrapped up the day at 22,488.65, registering a decline of 216 points or 0.95 percent.“Nifty index opened negative and dropped in the first tick itself which was followed by some range bound move in the first half of the session.

IDFC First Bank Ltd. on Thursday said its board approved a proposal to raise ₹3,200 crore through a preferential allotment of shares.

loss of civilian lives in the displacement camp in Rafah is a matter of deep concern. We have consistently called for the protection of the civilian population and respect for international humanitarian law in the ongoing conflict."India also recognised the Israeli statement on the Rafah airstrikes and said, “We also note that the Israeli side has already accepted responsibility for it as a tragic accident and announced an investigation into the incident."At least 45 persons, mostly women and children, sheltering in tents were killed in Israeli airstrikes, triggerring massive global outrage.Also Read | With ‘All eyes on Rafah’, where are millions of Palestinians fleeing amid Israeli strikes?On Spain, Ireland and Norway recognising Palestine in the midst of the conflict, the MEA spokesperson said India had done that way back in the 1980s."India recognised Palestine way back in the 1980s.

AI and clean energy: Prepare for the global economy that's emergingMoreover, the consumer electronics industry is set to contribute to this growth, driven by the steady rise in AI-specific chips used in personal computers. This trend is expected to continue over the next three years, the report said.Gartner's analysis indicates that 'AI PCs', including desktops and laptops equipped with dedicated chips for AI tasks, will account for just over one-fifth of all new desktop and laptop sales worldwide this year.“By the end of 2026, 100% of enterprise PC purchases will be an AI PC," the report said, highlighting the potential impact of Microsoft’s announcement on the launch of AI PCs earlier this month.On 20 May, Microsoft CEO Satya Nadella introduced 'Copilot+ PCs', a set of specifications mandating brands to incorporate chips with dedicated neural processors to enhance new features available on Microsoft’s Windows operating system.

Apollo Hospitals post 76% rise in Q4 profits to ₹254 croreTIME categorized Reliance under 'Titans,' one of the five classifications for the featured companies, which also include Leaders, Disrupters, Innovators, and Pioneers.Tata was placed in the 'Titans' category alongside Reliance, while Serum Institute was placed as a 'Pioneer'."Reliance Industries was founded as a textile and polyester company 58 years ago by Dhirubhai Ambani. Today the sprawling conglomerate -- which has aligned its growth with Indian Prime Minister Narendra Modi's vision for a 'self-reliant' India -- is the country's most valuable company, with a market capitalisation of more than USD 200 billion," TIME said.The Mukesh Ambani-led conglomerate has expanded its interests into energy, retail, telecommunications, and more, propelling its chairman to become Asia's wealthiest individual, according to reports.Furthermore, the publication highlighted that in February, Reliance emerged victorious in a highly competitive battle to lead India's rapidly growing streaming market.