India Financial News

A new government will soon take charge at the centre. Hopefully, India’s new government will have a long-term vision and the courage to think outside the box. Nothing less will do to prepare India for the emerging new global economy, driven by fundamental, disruptive technological changes that are gathering momentum.

rupee depreciated 9 paise to 83.27 against the US dollar on Wednesday, tracking a negative trend in domestic equities and elevated crude oil prices. Forex traders said the local unit faced some resistance due to subdued sentiment in the domestic equity market and strengthening of the American currency in the overseas market. At the interbank foreign exchange market, the local unit opened at 83.22 and lost further ground to trade at 83.27 against the greenback, registering a loss of 9 paise from its previous closing level.

Southwest Monsoon has set in over Kerala and advanced into most parts of Northeast India, India's weather office said on Thursday. Monsoon hit Kerala's coasts a day earlier than forecasted by the Indian Meteorological Department. IMD on May 15 had announced the onset of monsoon over Kerala by May 31. Weather scientists noted that Cyclone Remal, which struck West Bengal and Bangladesh on Sunday, may have drawn the monsoon flow to the Bay of Bengal, potentially contributing to its early onset in the northeast.

SME IPO of Associated Coaters opened for subscription earlier today and will close on June 3. The company aims to raise about Rs 5.11 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. 1) About Associated Coaters

temperature in Delhi on Thursday was 30.4 degrees Celsius. Later in the day, the department predicted moderate showers and a dust storm. According to the weather service, today will be mostly cloudy with a heatwave, a chance of dust storms or thunderstorms, and very light rain mixed with strong gusts. The maximum temperature of 46.8 degrees Celsius was recorded on Wednesday at Delhi's main meteorological station, Safdarjung. This is the highest reading in 79 years. It was June 17, 1945, and the temperature was 46.7 °C.

mutual funds have been among the top 10 winners in the last five years of the Modi government, data crunching by ETMutualFunds showed. Around 108 sectoral/thematic funds were in the market in the said period. Out of the top 10 sectoral/thematic funds, eight schemes were from the infrastructure sector. Infrastructure funds have offered an absolute return of up to 380% in the last five years of the Modi-led government. Quant Infrastructure Fund, the topper in the list, gave an absolute return of 379.75% in the last five years. Invesco India Infrastructure Fund delivered 282.53% in the said period.

Emami Ltd.(up 15.08%), Heritage Foods Ltd.(up 10.35%), Varun Beverages Ltd.(up 1.73%), Adani Wilmar Ltd.(up 1.24%), JHS Svendgaard Laboratories Ltd.(up 0.79%), Dangee Dums Ltd.(up 0.63%), Jyothy Labs Ltd.(up 0.54%) and Euro India Fresh Foods Ltd.(up 0.42%) were among the top gainers.

Aimtron Electronics opened for subscription on Thursday and will close on June 3. The company aims to raise about Rs 87 crore through the SME IPO and list the shares on the NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

New York will enhance security measures for the upcoming T20 Cricket World Cup in June, particularly for the India-Pakistan match, following reports of potential threats. Governor Kathy Hochul announced on X that her team is collaborating with federal and local law enforcement to ensure attendee safety, stating that there is «no credible threat at this time.» «While there is no credible threat at this time, I’ve directed @nyspolice to elevate security measures & we’ll continue to monitor as the event nears,» the governor said. The India-Pakistan game scheduled for June 9 at Eisenhower Park stadium in Nassau County, New York. The T20 Cricket World Cup will be held from June 1-29. Matches will be played in nine stadiums across the West Indies and the United States. In the inaugural match, hosts United States take on Canada. Despite no credible threat being identified, heightened security measures will be implemented. An NYPD bulletin, cited by ABC News, cited pro-ISIS propaganda specifically mentioning the India-Pakistan match. The online post is said to be linked to an ISIS splinter group, the Washington Post reported.

Sikko Industries Ltd.(up 2.03%) were among the top gainers.

The NSE Nifty index was trading 132.3 points down at 22572.4, while BSE Sensex was down 403.07 points at 74099.83 at the time of writing this report.

RattanIndia Power Ltd.(up 4.89%), Adani Power Ltd.(up 2.52%), Jyoti Structures Ltd.(up 2.46%), Inox Wind Ltd.(up 0.70%), Hitachi Energy India Ltd.(up 0.48%) and Adani Energy Solutions Ltd.(up 0.12%) were among the top gainers.

gender diversity, and players in the IT segment were seen as becoming more successful in this endeavour. But the gap remains and sectors such as in deeptech have to take more steps to bridge it. A recent report by Pure Storage with Zinnov, “Towards a gender equitable world, unveiling diversity in deeptech,” analyses deeptech gender diversity from multiple angles. It shows that the global capability centres (GCCs) employ 1.66 million people and 466,000 are women — that is a 28% gender diversity representation.

shares of Awfis Space Solutions listed on the exchanges on Thursday with a premium of 13.6%. The stock debuted at Rs 435 on NSE as against an issue price of Rs 383 per share. Ahead of the listing, the company's shares traded with a GMP of Rs 125 in the unlisted market.

NTA) has released the tentative answer key for the National Eligibility and Entrance Test (NEET) 2024, along with scanned pictures of the OMR answer sheet and recorded responses. For the access of the answer key the candidate need to enter their date of birth and application number. On May 5, 2024, from 2 PM to 5:20 PM, over 24 lakh candidates took the NEET UG 2024 at 4750 different centers in 571 locations across the nation and 14 places outside of India.

Simbhaoli Sugars Ltd.(up 4.16%), KCP Sugar & Industries Corporation Ltd.(up 1.57%), Sakthi Sugars Ltd.(up 1.39%), Bannari Amman Sugars Ltd.(up 0.31%) and Rana Sugars Ltd.(up 0.24%) were among the top gainers.

ads over the years have left a lasting impression over the years. Be it Amul’s «Utterly Butterly Delicious,» which has been in circulation since 1966, or Cadbury ads, all of them have played a pivotal role in marketing a brand. Ads, as we know them, have a profound influence on buyers’ decisions and perceptions. Advertisements play a crucial role in placing a brand in the spotlight and capturing consumer attention. They are built on narratives that project a brand's unique proposition to consumers. However, in the pursuit of gaining consumer share, some brands are said to resort to misleading claims in their ads. Advertisements frequently use emotional appeals to persuade consumers. This can lead to decisions based on emotions rather than facts. Misleading visuals or language can make products appear more effective than they are. For example, the ASCI banned Kellogg’s Special K cereal ad in 2019 for unsubstantiated claims about reducing belly fat, something so many of us are always looking out for!

Morgan Stanley. The global investment bank, in its latest report '2024 Global Economic Midyear Outlook', attributed India's firm growth to three megatrends — global offshoring, digitalization, and energy transition. Morgan Stanley forecasts 6.8 per cent growth in 2024 (against RBI's 7 per cent), and 6.5 per cent the next, and thinks inflation will stay within policymakers' comfort zone.

global capability centres (GCCs) are opening offices here because of the easy access to a skilled labour pool, low cost of operation, digitisation and other factors. More global companies are opening these offshore units to perform numerous business functions and operations, and innovations to enhance productivity. As a result, these centres present endless job and growth opportunities for early career professionals. Hence, it would be beneficial for young minds to understand the roles, skills and pay at GCCs if they want a career in this segment. GCCs: A deep dive into what they are

INDIA bloc will get a "decisive mandate" in the Lok Sabha polls and may take even less than 48 hours to decide on its prime ministerial pick, Congress leader Jairam Ramesh said on Thursday, asserting that it stands to reason that the party which gets the maximum seats in the alliance will be a «natural claimant» for its leadership. In an interview with PTI on the last day of campaigning for the seven-phase Lok Sabha polls, the Congress general secretary exuded confidence that the Indian National Developmental Inclusive Alliance (INDIA) will get seats «well above» the 272-mark needed for a majority in the Lower House. Ramesh also said that when the INDIA 'janbandhan' parties will get the people's mandate, then some NDA parties may join the coalition and the Congress high command will have to decide whether to include them in the alliance or not. Asked whether post-polls doors will remain open for NDA allies such as JD(U) chief Nitish Kumar and TDP president N Chandrababu Naidu, the Congress leader said, «Nitish Kumar is the master of 'palti (volte-face)'.

market is likely to consolidate on Thursday tracking weak global cues. The Nifty future closed negative with losses of 0.90% at 22731 levels on Wednesday. India VIX was marginally down by 0.08% from 24.20 to 24.18 levels.