India Financial News

India Meteorological Department (IMD) is currently investigating the temperature sensor at the automatic weather station in Delhi's Mungeshpur to ensure it is functioning correctly, as reported by IMD Director General M. Mohapatra. The IMD stated in an official release that it is examining the data and sensors. «The maximum temperature over Delhi NCR varied from 45.2 degree Celsius to 49.1 degrees Celsius in different parts of the city, Mungeshpur reported 52.9 degrees Celsius as an outlier compared to other stations. It could be due to an error in the sensor or the local factor. IMD is examining the data and sensors,» the release mentioned.

India, in collaboration with the World Health Organization (WHO), intends to further strengthen the drug regulatory system to ensure quick access to high-quality medical products for all, Union Health Secretary Apurva Chandra said on Wednesday. Chandra, who is leading the Indian delegation, addressed the Plenary Session of the 77th World Health Assembly of WHO in Geneva. The health secretary started his address by highlighting the similarities of this year's theme, «All for Health, Health for All» with the age-old Indian tradition of 'Vasudhaiva Kutumbakam' which means «world is one family», a health ministry statement said. He stated that under this theme, «India launched the 'Ayushman Bharat' meaning Live Long India to promote Universal Health Coverage by operationalizing more than 1,60,000 health and wellness centres (Ayushman Aarogya Mandir)».

Poco M6 Plus 5G, spotted in HyperOS Code with the model number "N19" and codename "breeze," is anticipated to be a rebranded version of the recently launched Redmi Note 13R in China.The BIS listing reveals the Poco M6 Plus 5G under the model number 24065PC95I, suggesting its release in India could be imminent, possibly as soon as next month. However, the certification details remain sparse.Moreover, the Poco M6 Plus 5G will be the first "Plus" variant in the M-series, aimed at budget-friendly consumers. Previously, the Poco M5 debuted in India in 2022 at a starting price of Rs.

Finance Minister Nirmala Sitharaman on Wednesday said the revision in India's rating outlook to positive by S&P reflects solid growth performance and promising outlook for the coming years. India is well on track to become the third-largest economy in the third term of the government and become a Viksit Bharat by 2047, Sitharaman said in a post on X. Earlier in the day, S&P Global Ratings upgraded India's outlook to positive, from stable. This is the first time that S&P has assigned a positive outlook on India's rating. S&P retained India's rating at lowest investment grade of 'BBB-'.

Dune Prophecy has generated curiosity after the success and popularity of 'Dune' and «Dune: Part Two». The movies were released in 2021 and 2024. However, first time we witness 'Dune' in 1984. Now HBO Max is bring the new show «Dune Prophecy». HBO Max show will have six episodes is slated to be released in Fall of 2024. Dune Prophecy is based on "Sisterhood of Dune", a book authored by Brian Herbert. The show delves into In a bold quest to combat the looming threats against humanity, two Harkonnen sisters set out on an epic journey, their determination and prowess laying the foundation for the formation of the powerful sect known as the Bene Gesserit.

On a quarterly basis, the chain posted a profit of Rs 247.6 crore for the fourth quarter of fiscal year 2024, up 168.7% year on year. EIH Limited posted revenues of Rs 781 crore for the fourth quarter of fiscal year 2024, up 17.6% year on year.

countered the "All eyes on Rafah" social media trends with the phrase "What your eyes fail to see". The Netanyahu-led country highlighted the Palestinian militant group Hamas taking Israeli men, women, and children as hostages and keeping them "in horrible conditions".The Israel Foreign Ministry reposted a tweet made by the Embassy of the State of Israel in India that read: "What your eyes fail to see is the cries of 125 Israeli men, women, children, and elderly currently held hostage by Hamas in horrible conditions deep in the tunnels of Gaza.""This is why the conflict began.

2024 MG Gloster facelift promises substantial design upgrades and refined interior features. According to fresh leaks (via HT Auto), a striking new front fascia, dominated by a bold three-slat grille with the MG logo, sets the tone for the SUV’s updated look.

ALSO READ: Indian students facing 'deportation' up in arms in CanadaThe protesting Indian students have been on a hunger strike for the past four days. Their stir began on May 9.During the agitation, 60 protestors carrying posters and banners demonstrated in front of the Colest Building at the PEI legislature.Jaspreet Singh Sivia, one of the protesters, has blamed the government for disrupting the lives of people who were already in the process of getting permanent residency (PR) in Canada, reported CBC. “There have been no actions taken.

ALSO READ: Car wash in Delhi: You have to pay fines amid ‘serious wastage of water’; netizens react to AAP minister Atishi's postThe India Meteorological Department (IMD) predicted a respite from heatwave for a few districts of Delhi starting Friday, May 31. The IMD issued an orange alert for heatwaves only in Gurgaon and Faridabad on May 31 and yellow alert in parts of Delhi.

Pakistan Prime Minister Nawaz Sharif accepted that his country violated the 1999 Lahore Declaration, which he signed with his Indian counterpart Atal Bihari Vajpayee. "On May 28, 1998, Pakistan carried out five nuclear tests. After that, Vajpayee Saheb came here and made an agreement with us.

NEW DELHI:Tata Steel Ltd will invest ₹17,408 crore ($2.11 billion) in its Singapore unit, T Steel Holdings Pte Ltd, to fund the restructuring of its struggling UK business as well as repay the debt of its offshore entities.Tata Steel will also be writing off $565 million of existing debt to T Steel, converting it into equity shares, Asia’s oldest steelmaker said in regulatory disclosures on Wednesday. The investment in T Steel, a holding company for the shares of Tata Steel’s overseas subsidiaries, will be done over the course of 2024-25.Tata Steel reported a 65% year-on-year decline in its consolidated profit, to ₹554 crore, for the quarter ended 31 March, missing Street estimates.

Kiren Rijiju said, "It is not official yet. Temperature of 52.3°C in Delhi is very unlikely.

water scarcity in India represents an opportunity for companies positioned as “solution providers” said a report by J P Morgan “Those with a product or service that either improves water efficiency, alleviates water stress, improves the availability of water or removes the need for water from a process entirely.” the report said

T20 World Cup winners India held the top spot in the men's T20I team rankings ahead of the upcoming edition of the tournament, which the West Indies and USA are co-hosting from June 1-29. India have 264 rating points. Two-time champions West Indies have moved up to fourth position, their players showing some great form ahead of the T20 showpiece. The winners of the 2012 and 2016 editions of the tournament are ahead of New Zealand and South Africa after their 3-0 win over South Africa, who were pushed down to seventh position in the list led by India.

coverage during the grace period if the premium of the health insurance is paid in instalments — monthly, quarterly, half-yearly, or annually. Policyholders of the insurance companies usually get a grace period to pay their health insurance premiums. The grace period for a health insurance plan is the extra time that you get to pay the premium if you have missed the policy renewal due date. Typically, most health insurance plans offer a grace period. What was the rule earlier? What is the new rule and how is it going to impact health insurance policyholders? Read here to find out Earlier, the insurance companies used to offer grace periods based on the type of policy you bought, says Parthanil Ghosh, Director & Chief Business Officer, HDFC ERGO General Insurance. Some insurers offer a grace period of 15 days while others offer 30 days for health insurance policies. So, the grace period in a health insurance plan used to vary from one insurer to another. The insurance companies typically do not offer any policy coverage during the grace period in health insurance policies.

Reserve Bank of India's deputy governor pointed out that asset reconstruction companies (ARCs) have been 'conduits to the evergreening of distressed assets', and some of them have 'used innovative structures to circumvent regulations'. Directing ARCs to adopt a regulation-plus approach, the DG said that ARCs' performance is less than optimal. J Swaminathan, DG, stated this at a conference in Mumbai on May 17 with senior officials from the ARC industry. «During our onsite examinations, we have come across instances where ARCs have been used or allowed themselves to be used, if I may say so, as a conduit to evergreen distressed assets,» Swaminathan stated.

TPG Asia is reportedly selling its entire stake in wire and cable manufacturer RR Kabel through block deals. According to media reports, TPG Asia will offload about 5% stake or just over 56 lakh shares at around Rs 1,718 apiece. This values the deal at around Rs 1,000 crore.

summer heat, rising absenteeism and loss of productivity has led to an all-time high demand for last-mile delivery and warehouse personnel to fill in for the daily attrition, said officials from staffing firms and logistics companies. About 2,000 delivery personnel are dropping off every day in quick commerce and 5,000 in food delivery, according to estimates by Teamlease Services. “A total of about 7,000 people – for quick commerce and food delivery — are needed for replacement hiring daily,” said Balasubramanian A, vice president and head of consumer and ecommerce at TeamLease. This is much higher than the daily exit of about 5,000 seen last year this time to cater to the typical summer season shortfall when many migrant labourers leave for their hometowns.

Radhika Gupta, CEO of Edelweiss Mutual Fund was recently seen offering investment advice to the staff associated with Shark Tank India. She advised the staff to start investing in mutual funds and should follow SIP mode of investment. She posted a video on her X account and wrote, “Can’t take the Mutual Fund CEO out of me, even behind the shoots of Shark Tank.” She also posted that, “This conversation is a reminder of how many people still need to learn about the power of MFs and start investing… and for my MFD friends, a nudge that a lot of people are looking for guidance and advice!”. In the video, she was seen asking the staff how many of them have either invested in a mutual fund or started an SIP. To this, a majority of the staff replied that they have neither invested in a mutual fund nor started a SIP.

Asian Development Bank (ADB) committed USD 2.6 billion (about Rs 21,500 crore) in sovereign lending to India in 2023 for various projects. The fund is aimed to strengthen urban development, support industrial corridor development, promote power sector reforms, build India's climate resilience, and enhance connectivity. ADB also extended USD 23.53 million in technical assistance and USD 4.1 million in grants under the sovereign portfolio. In addition, ADB committed over USD 1 billion for private sector projects during the past year, the Manila-based multi-lateral development bank said in a statement.