India Financial News

Puneet Kumar, founder and former chief executive of morning grocery delivery service Supr Daily, has joined Nexus Venture Partners, which has backed the likes of Zepto, Unacademy and Postman. “Excited to join @NexusVP as a Venture Partner and pay it forward to the startup ecosystem,” Kumar wrote in a post on microblogging platform X.

Reserve Bank of India imposed a monetary penalty of Rs 36.38 lakh crore HSBC Limited for violation of reporting requirements under the Liberalised Remittance Scheme. The Reserve Bank found that the violations were substantiated and warranted imposition of penalty even after the banks’ written reply to the show cause notice issued by the regulator. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the Reserve Bank said in a release.

Poco F6 has been set with significant discounts for initial buyers. The 8GB RAM with 256GB storage model is priced at Rs. 25,999, while the 12GB RAM with 256GB storage variant is available for Rs.

T20 World Cup 2024 full schedule: The International Cricket Council (ICC) Men's T20 World Cup 2024 is just days away, and some teams are already in the United States practising for the upcoming marquee tournament. Rohit Sharma-led Team India squad landed in New York on Monday and was seen conducting team-building exercises on Wednesday.

Sensex, Nifty 50 fall almost 1% each; why did the Indian stock market fall today?- explainedThe Indian stock market is expected to remain volatile until the Lok Sabha election results on June 4. Will this volatility drag the index below the 22,000 mark before the election result? How much more pain is in the offing?Mint collated the views of 10 experts to understand how the Nifty 50 may move in the next few days. Here's what they said:If the current downturn continues, the Nifty 50 could see the level of 22,520 before the exit poll results are out.Nifty 50 has resisted near the trendline's higher end, coinciding with the retracement hurdle.

Cummins India, one of the leading power solution providers, have consistently exhibited a robust upward trajectory. Out of the last 24 months, the stock has only recorded losses in five, and those losses were minor.Also Read: NBCC shares rise 5%, surge over 233% in last one year; what’s behind the rally?During this period, the shares have grown from ₹1,030 apiece to the current market price of ₹3,834 apiece, resulting in massive gains of 272%.

₹37.30 crore Ztech India IPO is a book-built offering where Ztech India is issuing 33.91 lakh new shares . The pricing range for Ztech India's IPO also known as the price band stands at ₹104 to ₹110 per share.Also Read- TBI Corn IPO price band set at ₹90-94 per share; issue to open on May 31An application must be made for a minimum of 1200 shares, which is the lot size of the IPO for retail investors.

Elle India magazine; a stylist for films like Priyanka Chopra-Jonas-starrer Fashion, and personalities, including Amitabh Bachchan, Shah Rukh Khan and Jeff Bezos; helped launch Anita Dongre’s westernwear label AND; and developed collections for brands like Westside. Kumar did all this while running his eponymous bespoke label as well as FKNS, his other brand that combines streetwear with high fashion. Now, he's launching another brand that offers women clothes with contemporary-meets-traditional touch.

Read | S&P Global revises Indian economy outlook to positiveAs of 31 December 2023, ADB had committed 623 public sector loans, grants, and technical assistance totalling $55.3 billion to India, with its current sovereign portfolio in India including 67 loans worth $14.15 billion.Some of the other MDBs, which have backed key projects in India, include the World Bank Group, the International Monetary Fund (IMF), the International Fund for Agricultural Development (IFAD), and the Global Environment Facility (GEF).Interestingly, MDBs have been urged to make more finance available to emerging and developing economies (EDEs) for meeting development needs, mitigating climate risks and insulating from global shocks.Under the Indian presidency of the G20 in 2023, an expert committee headed by economists N.K.

Rinku Singh broke his silence and revealed that he was a bit upset in the beginning. He agreed that his exclusion was more due to the combination of team rather than performance and emphasized that where he comes from, making it to the reserve list is also a big achievement. “Yes, anyone feels a little sad if they are not selected despite good performance.

Mahatma Gandhi was significantly influenced by Richard Attenborough's 1982 movie 'Gandhi'. He also pointed out that while figures like Nelson Mandela and Martin Luther King Jr were globally renowned, the Indian government could have done more to promote Mahatma Gandhi's legacy, a legacy that has resonated across the world.

Mint. The deal had fallen through last time due to a valuation mismatch after Amazon, the US multinational with interests across e-commerce, streaming, cloud computing to online advertising, conducted a due diligence, a process of audit and verification of a potential target company to confirm financial information and all other relevant facts—for the OTT service. Last time, Times Internet had asked for over $100 million for MX Player, while Amazon’s internal team had valued it at around ₹500 crore ($60 million).

EID Parry(India)Ltd.(up 8.29%), KM Sugar Mills Ltd.(up 4.46%), Simbhaoli Sugars Ltd.(up 3.18%), KCP Sugar & Industries Corporation Ltd.(up 1.75%), DCM Shriram Industries Ltd.(up 0.91%), Balrampur Chini Mills Ltd.(up 0.71%), Shree Renuka Sugars Ltd.(up 0.61%), Mawana Sugars Ltd.(up 0.61%), Dalmia Bharat Sugar and Industries Ltd.(up 0.56%) and Uttam Sugar Mills Ltd.(up 0.19%) stood among the top gainers.

increase of 43 per cent over the last five years in the assets of 324 MPs who have entered the poll fray again in this Lok Sabha elections, according to an analysis by a poll rights body. The average assets of these MPs in 2019 was around Rs 21.55 crore while in the current electoral cycle, the average asset value has increased «significantly» to Rs 30.88 crore, marking an increase of Rs 9.33 crore over the past five years, the Association for Democratic Reforms (ADR) said in a report. It analysed the financial growth among Members of Parliament (MPs) recontesting in the 2024 general elections. The counting of votes for the seven-phase polls will be taken up on June 4. The percentage growth in assets for these 324 MPs between the 2019 and 2024 polls averages at 43 per cent, the ADR said.

SIP contribution by mutual fund investors has grown over two times in Narendra Modi’s second term as PM from Rs 8,183 crore in May 2019 to Rs 20,371 crore in April 2024 (last available data for comparison), an analysis by ETMutualFunds showed. The number of SIP accounts has also increased from 2.73 crore in June 2019 to 8.70 crore in April 2024, according to the monthly data released by the Association of Mutual Funds in India (AMFI). The number of mutual fund folios have surged by around 118% from 8.32 crore in May 2019 to 18.14 crore April 2024, according to the data of folios released by AMFI.

Shares of Sunteck Realty Ltd.(up 4.86 per cent), Brigade Enterprises Ltd.(up 1.51 per cent), Phoenix Mills Ltd.(up 0.48 per cent) and Oberoi Realty Ltd.(up 0.01 per cent) ended the day as top gainers in the pack.

The NSE Nifty index ended the session 183.46 points down at 22704.7, while BSE Sensex fell 667.55 points to 74502.9.

Reserve Bank of India barred Edelweiss Asset Reconstruction Company Limited (EARCL) from acquiring financial assets based on material concerns during a supervisiory examination, the central bank said on Thursday. RBI also directed ECL Finance to stop undertaking structured transactions with respect to its wholesale exposures. This excludes repayment and closure of accounts in the normal course of business. «The Reserve Bank of India has directed EARCL to cease and desist from acquisition of financial assets including security receipts (SRs) and reorganising the existing SRs into senior and subordinate tranches,» the statement read.

ABP News on May 29, PM Modi said, "In the last 75 years, wasn't it our responsibility to make Mahatma Gandhi known across the world? Forgive me, but nobody knew Mahatma Gandhi. The curiosity about him grew in the world after 'Gandhi' film was first made.""The role of this nation was – if the world knows Martin Luther King and Nelson Mandela, Gandhiji was no less than them. Gandhi and India should have been given importance through Gandhi," the Prime Minister said.Gandhi, the biographical movie based on the journey of the Father of the nation, the was released in 1982.

West Bengal will exercise their franchises in the last phase of Lok Sabha elections 2024. West Bengal Chief Minister Mamata Banerjee on Monday said that she won't be able to attend the meeting of the Opposition INDIA alliance on June 1 due to the voting of the last phase of elections and relief work after cyclone 'Remal' hit the state's coastal regions.

₹7.44 in May 2019 to currently trade at ₹615. In the last 3 years as well, the stock has performed surprisingly well, rallying 4078 percent from ₹14.72 in May 2021.Meanwhile, in the last 1 year, it has soared 201 percent and it advanced 34 percent in 2024 YTD.This year so far, the scrip has given positive returns in 4 of the 5 months to date.