India Financial News

Amazon Prime today i.e. on May 28. Written by Chandan Kumar and directed by Deepak Kumar Mishra, 'Panchayat' traces the life of a young man from Delhi who joins as a secretary in a Panchayat office in a remote village of Uttar Pradesh.

As India’s democracy nears the end of the world’s largest electoral exercise, it is evident that digital technologies have changed the whole landscape of Indian policymaking, reshaping governance, citizen engagement, political campaigning and elections. This transformation has not only streamlined bureaucratic processes, but also brought services closer to the people, fostering financial inclusion and digital empowerment. Ministries and government departments have embraced digital tools to raise transparency, efficiency and accountability.

₹16,600 crore through qualified institutional placement (QIP) and other methods.The Board of Directors of Adani Enterprises, at its meeting held on May 28 has approved raising of funds by way of issuance of equity shares and other eligible securities or any combination thereof, for an aggregate amount of ₹16,600 crore by way of qualified institutional placement (QIP) or other permissible mode in one or more tranches, Adani Enterprises said in a regulatory filing.However, the fundraising will be subject to the receipt of the necessary approvals including approval of the members at the ensuing Annual General Meeting of the Company scheduled to be held on Monday, 24th June, 2024 and other regulatory and statutory approvals, the billionaire Gautam Adani-led company added.Also Read: NCLAT upholds Adani Goodhomes’ resolution plan for Radius EstatesOn Monday, another Adani Group firm, Adani Energy Solutions, had approved raising up to ₹12,500 crore via a QIP or other permissible methods.On Monday, another Adani Group firm, Adani Energy Solutions, had approved raising up to ₹12,500 crore via a QIP or other permissible methods.In 2023, the flagship Adani Group company Adani Enterprises came with a follow-on public offer (FPO) to raise ₹20,000 crore.

₹60.41 crore for it, including the cost of stamp duty. The apartment is on the 24th floor of the Three Sixty West building on Dr. Annie Besant Road.

Also Read: Stock to buy: Anand Rathi recommends Olectra Greentech as its stock pick of the monthAs a result, companies in the passenger vehicle (PV) segment have demonstrated strong performance, reporting impressive volume growth. This has subsequently driven increased demand for these companies' stocks, leading to a significant rise in their market value.Notably, Mahindra & Mahindra (M&M), the automotive and farm equipment flagship of the Mahindra Group, was one of the stellar performers in recent years.

announced his intention to step down after 25 years at Sony last week.At Disney Star, Banerjee oversaw content for Hindi entertainment and Disney+ Hotstar, and served as business head for Star Bharat, as well as Hindi and English movies, kids & infotainment, and regional (east) channels. He was not immediately available for comment.A former journalist, Banerjee began his career at Aaj Tak before joining Star News in 2004 as a prime-time anchor and senior producer.

₹2.2 for Q4 which increased by 52.44% Y-o-Y.Sumitomo Chemical India has delivered 8.69% return in the last 1 week, 14.62% return in last 6 months and 10.6% YTD return.Currently the Sumitomo Chemical India has a market cap of ₹22012.33 Cr and 52wk high/low of ₹449 & ₹336.1 respectively.As of 28 May, 2024 out of 8 analysts covering the company, 1 analyst has given Sell rating, 1 analyst has given Hold rating, 2 analysts have given Buy rating & 4 analysts have given Strong Buy rating.The consensus recommendation as on 28 May, 2024 was to Buy.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹109.7CrQuestion : What is Q4 revenue?Ans : ₹674.2CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

Here's a look at the bomb threats received in India in May 20241. Taj Hotel, Airport, Mumbai: On May 27, Mumbai Police, received a threatening call indicating the presence of bombs at both Taj Hotel and Chhatrapati Shivaji Maharaj International Airport. After a thorough search, Police said that “nothing suspicious was found".

environmental impact of data centres, which consume vast amounts of power and water, makes it imperative for companies operating these facilities to prioritise sustainability efforts. Data centres are significant consumers of electricity. According to estimates, they use approximately 2% of the world’s power and emit CO2 that is equivalent to the airline industry’s emissions; the airline industry is a highly carbon-intensive business. Moreover, data centres’ energy use is known to double every four years, resulting in one of the fastest-growing carbon footprints. By adopting sustainable practices and technologies, data storage solution companies can play a significant role in mitigating such impact. To fulfil such goals, storage solutions company Western Digital is looking to tackle power consumption challenges, including cooling — a critical aspect to data centre design — operational cost and hardware reliability.

Wipro on Tuesday announced a partnership with the Centre for Brain Research (CBR) to leverage the power of Artificial Intelligence (AI), Machine Learning (ML), and big data analytics for health behaviour innovations. CBR is an autonomous, non-profit research organisation, hosted at the Indian Institute of Science (IISc). A release announcing the collaboration between Wipro and Centre for Brain Research said the partnership will «focus on harnessing the power of AI, ML and big data analytics to develop new technologies that will provide precision support towards the prevention and management of long-term health disorders».

Au Small Finance Bank Ltd.(up 1.38 per cent), Bandhan Bank Ltd.(up 0.8 per cent), HDFC Bank Ltd.(up 0.41 per cent), IndusInd Bank Ltd.(up 0.16 per cent) and State Bank of India(up 0.15 per cent) were among the top gainers.

BluSmart, India’s biggest electric cab operator, wants to raise more than $300 million in three years to add thousands of cars to its fleet in its push to take on the likes of Uber Technologies Inc. in the fast-growing market. The company will increase its Indian fleet of electric vehicles — supplied by Tata Motors Ltd., BYD Co., SAIC Motor Corp.’s MG Motor and Stellantis NV’s Citroën — to 13,000 by March from 7,500 currently, Punit Goyal, co-founder of the BP Ventures-backed startup, said in an interview. In three years, it aims to have 25,000 cars, he said.

Prasad Sawant, Advisory Head, IIFL Securities, says Mirae Asset, this NYSE FAANG Plus ETF and also Edelweiss US Technology Scheme has also given more than 80% return. Others, like Motilal Oswal Nasdaq 100 ETF have given 20-25% return in the three-year range. Active schemes like DSP US Flexi Cap have given returns in the range of 18%. If I talk about a three-year return, it is in the range of 15% to 20-25% return. Last week, Nvidia was in news due to the good results and after that the overall return, almost in a year, has gone beyond 170%. But having said that, can we understand the kind of exposure Indian mutual funds have towards US stocks and specifically tech stocks? Prasad Sawant: We have somewhere around 70 mutual fund schemes in the market as of now which has exposure to US listed stocks. And out of that, few are having direct exposure to these technology stocks. Like if we know Motilal Oswal Nasdaq 100 ETF, then we have Mirae Asset NYSE Fang plus ETF Mutual Fund is there and Edelweiss technology related scheme is there, which is specifically into US technology stocks.

stock market behaving unpredictably in a highly volatile environment amid Lok Sabha elections, mutual fund investors are caught between fear and greed. On one hand, investors are fearing a correction as the market is already at peak and on the other hand the boom is bringing in FOMO. In the last month, sectoral/thematic funds have topped the return chart and offered double-digit returns. HDFC Defence Fund, the topper in the list, gave 17.54% return in the last one month. Invesco India PSU Equity Fund and Canara Robeco Infrastructure Fund offered 14.86% and 14.79% returns, respectively.

Gujarat police have arrested one more partner of the Rajkot-based TRP game zone where a devastating fire last week killed 27 persons, an official said on Tuesday. Dhaval Thakkar, the proprietor of Dhaval Corporation, which ran the TRP game zone along with five partners of Raceway Enterprises, was arrested from Abu Road in neighbouring Rajasthan, Banaskantha Superintendent of Police Akshayraj Makwana said. With this, four persons have so far been arrested in connection with the fire incident at the game zone on Saturday. «Thakkar was arrested from Abu Road in a joint operation carried out by the Rajkot and Banaskantha police last night,» Makwana said.

₹4 crore.As part of the transaction, Honasa will acquire, apart from formulation expertise, the R&D labs as well as CosmoGenesis’ nano-manufacturing facility. “This is something that further strengthens our ability to innovate and bring the right kind of products to the consumers. Rohini Manoj (founder) will be joining us as vice president of research and development.

Inflation in the US saw a slower-than-expected rise in April, with the consumer price index (CPI) increasing by 3.4% year-over-year, according to the latest data. The core CPI, which strips out the volatile food and energy sectors, softened for the first time in six months.

T-20 World Cup since the inaugural edition in 2007, despite much talk of the IPL improving the quality of Indian players.Atherton said, “They haven’t won it since that first World Cup back in 2007," Atherton said. “That’s the great irony.

₹201.4 on 10 May. The recent fall notwithstanding, a major reason for the rise lies in the very fast growth of the company’s quick commerce business, which delivers vegetables, groceries and other products—from lipsticks and pen drives to floral bouquets and branded kurtas—in a matter of minutes. In 2023-24, the adjusted revenue of the company’s quick commerce business grew by 186% to ₹2,302 crore.

Stock Market News: The domestic benchmark indices, the Sensex and Nifty 50, started off Tuesday's session with minor gains amid mixed global cues. Reliance Industries and HDFC Bank both saw buying, and the monsoon outlook was favourable.The 30-share BSE Sensex opened up by 194.90 points, or 0.26%, at the 75,585.40 level, while the Nifty 50 started off at the 22,977.15 level, up 44.70 points, or 0.19%.Nifty 50 is predicted to continue its upward trajectory, said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, as per PTI news report.

₹1,600 - 1,700 , Olectra Greentech share price has successfully broken out of a bearish trendline that had persisted for 3 - 4 months. “Olectra Greentech stock is now comfortably maintaining its position above this trendline, indicating a strong upward movement.