India Financial News
27.05 / 16:49
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Telangana snooping case: Ex-DCP 'confesses' phone tapping of those who posed threat to BRS govt, say reports
India Express cited sources as saying that Radhakishan Rao admitted to his involvement in conducting surveillance on politicians and others under the directions of the then Telangana Special Intelligence Bureau (SIB) chief T Prabhakar Rao.Meanwhile, NDTV reported that Rao claimed devices belonging to media "industry bigwigs, retired cops, and politicians [including from then-ruling BRS] were hacked and monitored".
27.05 / 16:49
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Rabri Devi takes jibe at PM's 'mujra' remarks: 'Does Modi play the tabla?'
PTI, "And what does Modi do? Play the tabla?"Rabri Devi, RJD's founding president and Lalu Prasad Yadav wife, stated that citing defeat in the Lok Sabha polls, the BJP-led NDA had ‘gone crazy and taken to blabbering’.ALSO READ: Modi says INDIA bloc performing 'mujra' for vote bank; Priyanka Gandhi quips 'no PM ever used such words'On being asked to comment by PM Modi who alleged the INDIA bloc was receiving support from 'jihadis' sponsored by Pakistan, She said, "If it is indeed so, what are the intelligence agencies doing? And before indulging in the dog whistle over Pakistan, they should remember one of their tallest leaders Lal Krishna Advani, who went on to become the deputy prime minister, was born in that country."Slamming the PM from making such comments, All India Majlis-e-Ittehadul Muslimeen (AIMIM) chief Asaduddin Owaisi said the PM was doing disco dance with China when the latter's troops reportedly captured around 2,000 square kilometres of the Indian territory.He took to X and wrote, "@narendramodi Ji, you talked about Mujra, so Asaduddin Owaisi wants to ask you that for the last 3 years, China has occupied 2 thousand square kilometers of Indian land, Modi ji, you are not removing China, so were you doing Disco Dancing with China?"ALSO READ: Tejashwi Yadav, TMC, other opposition leaders condemn PM Modi's 'mujra' remarks: 'Take him to the doctor'"Is this the type of language the prime minister should use? Does Modi think we do not have mouth to speak? (humaare munh mein zabaan nahin hai kya)," Owaisi said.
27.05 / 16:31
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Akshata Murty gets proactive on UK PM Rishi Sunak's campaign trail
London: Akshata Murty, Britain's Indian First Lady, has begun getting proactive as her husband hit the campaign trail in a tough race ahead for the governing Conservatives, starting with a supportive message to say she's with him «every step of the way» hours after a rain-soaked Rishi Sunak announced July 4 as the general election date on the steps of 10 Downing Street. The 44-year-old businesswoman has used her Instagram handle to post campaign messages in favour of Prime Minister Rishi Sunak, who is hoping to prove all the pre-election surveys forecasting a drubbing for the Tories wrong. The couple, who met while studying at Stanford University in the US and are among the richest incumbents of Downing Street in history in large part down to Murty's Infosys shares worth millions of pounds, are expected to work as a team through the course of the just over five-week-long campaign.
27.05 / 16:31
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48 polling stations in West Bengal damaged by Cyclone Remal: Official
polling stations, mostly located in North and South 24 Parganas districts of West Bengal, were damaged due to the impact of Cyclone Remal, a senior poll official said on Monday. The disaster also adversely affected preparations for the upcoming seventh and final phase of polling scheduled on June 1, he added. «Most of these polling stations have been badly hit by the cyclone. They are submerged in water or have sustained other types of damage,» the official told PTI. Polling for the nine Lok Sabha seats — Dum Dum, Barasat, Basirhat, Jaynagar, Mathurapur, Diamond Harbour, Jadavpur, Kolkata Dakshin, and Kolkata Uttar — is scheduled on Saturday. Among these, several assembly constituencies under Diamond Harbour and Basirhat seats were hit by the cyclonic storm.
27.05 / 16:31
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ICC T20 WC: Cinepolis India partners Star Sports to screen Team India matches
Cinepolis has partnered with Star Sports to screen all Team India matches during the ICC T20 Men's World Cup, which will be held in the US and West Indies from June 1–29. The company has secured cinema screening rights for the T20 World Cup, allowing Indian cricket fans to watch matches on the big screen at 40 Cinepolis locations nationwide. It will broadcast all India games, including semi-finals and finals, live from June 5 to June 29, starting at 8 pm IST.
27.05 / 16:25
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India is a key focus for EQT's mid-market growth fund
Why this Swedish PE firm is willing to bet $5 billion in India this yearThe Mid-Market Growth strategy—which focuses on the technology, services, and healthcare sectors across Asia, will make investments in South East Asia, Japan and Australia, in addition to India, the firm said. EQT said this strategy “is a natural extension" of its established large-cap buyout platform in Asia.
27.05 / 16:25
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New fund transfer norms led to savings: Finance minister Nirmala Sitharaman
₹25,500 crore in the last few years.Sitharaman said in a social media post that new norms were introduced for transferring Central grants to autonomous bodies and various implementing agencies from FY18, leading to savings of more than ₹15,000 crore till date. This is due to a new interface to release funds ‘just in time’ to these bodies through their accounts with the Reserve Bank of India, which helped in lowering the borrowing cost for the Central government. This mode of transfer, using what is called a treasury single account, is also now leveraged for releasing funds for Central sector schemes to implementing agencies, having an outlay of more than ₹500 crore.
27.05 / 16:25
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'Can't join, have told them...': Here's why Mamata Banerjee won't attend INDIA bloc meeting
Also Read: Modi says INDIA bloc performing 'mujra' for vote bank; Priyanka Gandhi quips 'no PM ever used such words'"The INDIA team is holding a meeting on June 1. I have told them I can't join as we have election on 10 seats in West Bengal on the same day.
27.05 / 16:25
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Chandan Taparia recommendations: How to trade Axis Bank, HPCL, PFC shares on May 28
Indian stock market: Both Nifty 50 and Sensex remained steady after reaching new peaks earlier in the trading day on Monday, May 27. However, they later retreated from these highs due to profit-taking at elevated levels, influenced by a mix of global signals.
27.05 / 16:25
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Food
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IMD retains above normal monsoon forecast, June temperature seen to be above normal
the forecast comes as a relief after uneven precipitation and prolonged dry spell last year due to El Nino weighing on farm output that pushed up food prices and led the central bank to cut interest rates.“A normal monsoon forecast by IMD this year will bode well for Andhra Pradesh, Karnataka and Tamil Nadu, Maharashtra, Uttar Pradesh, Bihar and Odisha," Pushan Sharma, director-Research, Crisil Market Intelligence and Analytics, told Mint. However, statistically normal monsoon may not be enough and its spatial and temporal distribution will be critical. “For example, last year while monsoon was only 6% lower than LPA (long period average), its onset was delayed, and the spatial and temporal distribution was erratic.
27.05 / 16:25
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Hyderabad news: Stale food in kitchen, insects in flour — city's top eateries found unhygienic, says report
Indian Express, citing food safety officials.The awful findings came to light after Telangana’s food safety department conducted inspections at some of the famous eateries.ALSO READ: Karachi Bakery expired products: Hyderabad store found violating regulations“Most shocking is the lack of basic hygiene in the kitchens, the use of products beyond their expiry date, and the mixing of prohibited synthetic colours in food preparations. Some of the kitchens had big garbage cans without lids," said Vijay Kumar, deputy food director at the Commissionerate of Food Safety, Telangana, as per the report.However, restaurants claim that they prepare meals in hygienic conditions.During the inspection at Shah Ghouse restaurant, the food safety officials claimed to have found semi-cooked food kept in unhygienic conditions in cold storage and stagnant water in the kitchen.ALSO READ: McDonalds, Theobroma outlets in Noida under FDA scanner after customer falls illHowever, the restaurant manager said: “No customer has ever complained of bad food at our restaurant," as per the report.The officials also claimed that they found insects in flour and tamarind at Rayalaseema Ruchulu; and from Rameshwaram Cafe, expired 100 kg urad dal and 10 kg curd were seized.“The waste bins in the kitchen were not covered.
27.05 / 15:11
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Hardik Pandya's old video on Natasa Stankovic surfaces amid divorce rumours: 'Takes a lot of patience..'
ALSO READ: Hardik Pandya goes ‘missing’ amid divorce rumours with wife Natasa Stankovic“The way she gave me warmth, I started getting more solutions because she taught me how to find solutions. That learning in my love life taught me to achieve more and more in life.
27.05 / 14:45
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Noida news: IRS officer arrested after body of ‘live-in partner’ found hanging at his Sector 100 flat
ALSO READ: Karnataka: Horrific stabbing in Hubbali after woman rejects advancesMeena, a 2016-batch IRS officer currently posted in Delhi, had told the police that Shilpa had locked herself in a room and hung herself from a ceiling fan, according to a report by the Times of India.Meena had also claimed that the room’s door was opened by a security guard, who he had called after Shilpa was not responding for a long time. Shilpa was a human resource staff at Bharat Heavy Electricals Limited (BHEL).
27.05 / 14:45
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Top news today: Market ends flat, RIL eyes Africa for new telecom venture, monsoon arrival and more
Click here to read more Mukesh Ambani is set to enter Africa with a telecoms venture, seeking to win mobile broadband customers in a high-growth market, Bloomberg reported.Radisys Corp., a unit of Ambani-controlled Reliance Industries Ltd., will provide key network infrastructure, applications and smartphones for Ghana-based Next-Gen InfraCo., according to Harkirit Singh, the executive director of NGIC. He described the plans ahead of NGIC’s launch announcement on Monday in Mumbai, India’s financial hub.
27.05 / 14:45
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Unpacking Q4: With green shoots visible, will FMCG stocks finally pick up pace?
India & Bharat ‘Rural India’ is an excessively elastic term which encompasses everything from the prosperous villages in Tamil Nadu’s industrial belt to water-starved hamlets of Vidarbha and Marathwada. But the vast heterogeneity notwithstanding, rural India has been reeling under some setback or the other for the past few years, from the demonetization of 2016 to the NBFC (non-banking financial company) liquidity crisis in 2018 and finally the hammer blow of covid-19 in 2020. A recovery in the farm sector, therefore, has been keenly awaited by both policymakers and corporate India.
27.05 / 14:45
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Best Zebronics earbuds in India: Experience rich and wireless sound with top 10 picks
Reasons to buyReasons to avoidThe Zebronics Zeb-Sound N1 Bluetooth Earbuds offer a seamless wireless experience with voice assistant support and a sleek, ergonomic design. With a long-lasting battery life and advanced Bluetooth technology, these earbuds are perfect for music lovers on the go.Reasons to buyReasons to avoidAlso Read: Earbuds that preserve sound output for optimum listening experience under ₹1000 to stay in budgetThe Zebronics Zeb-Play Bluetooth Earphones offer immersive sound quality with environmental noise cancellation and a long-lasting rechargeable battery.
27.05 / 14:45
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'....how did Narendra Modi become OBC?': Rahul Gandhi slams PM amid reservation row, bats for caste census again
Also Read: Amit Shah gives ‘Modi guarantee’ on reservation, says BJP won’t allow anyone to abolish SC/ST/OBC quota“When I raised the issue of caste census, Narendra Modi said, there are only two castes in India – rich and poor. If there are only two castes, then how did Narendra Modi become OBC?," asked Rahul Gandhi."50 per cent population in the country is backward, 15 per cent Dalit, 8 per cent Adivasi..
27.05 / 14:45
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Is the Indian stock market fairly valued or overvalued? Experts weigh in
Nifty 50 tops 23k mark; can Indian stock market sustain gains? Experts weigh inMany experts believe the Nifty 50 is currently overvalued, and a negative surprise in the Lok Sabha election results could trigger a significant market correction. However, if the election outcome aligns with expectations and India's economic growth maintains its momentum, the Nifty 50 may sustain its current valuation.Mint spoke to several experts to take their views on the current valuation of the Indian stock market.
27.05 / 14:45
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Market may go down 15-20% if BJP secures less than 250 seats, party allies in three states doing poorly: Ruchir Sharma
Is the Indian stock market fairly valued or overvalued? Experts weigh inSharma emphasised that if the BJP fails to secure 250 seats, the market may experience a sudden downfall of 10-20%. He further said India boasts the world's "most costly" stock market.“It is also why foreign investors are being skittish about coming in.
27.05 / 14:45
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Haut Monde Mrs India Worldwide Season 13 Grand Finale: Celebrating Women's Empowerment and Diversity
Haut Monde Mrs India Worldwide, a prestigious beauty pageant honoring the strength, grace, and beauty of married women, recently concluded its highly anticipated Season 13. The magnificent grand finale took place on May 9th, 2024, at the esteemed Ajman Hotel, UAE. The event showcased the remarkable talent, grace, and empowerment of women worldwide.
27.05 / 14:45
markets
reports
LIC Q4 results: Net profit rises 4.5% to ₹13,782 crore, declares dividend of ₹6 per share
Life Insurance Corporation of India, the largest life insurer in India, announced a net profit of ₹13,782 crore for the quarter ending on March 31, 2024, marking a 4.5 per cent increase from the ₹13,191 crore reported in the same period of the previous fiscal year. Along with the fourth quarter results, the company also announced that the board has approved a final dividend of ₹6 per share.According to the company's filing, LIC maintains its position as the dominant company in the Indian life insurance sector, boasting an impressive 58.87 per cent share of the First Year Premium Income (FYPI).
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