India Financial News

Best electric scooter in India: Join the green revolution with our top 8 picksThe Sounce high-pressure foot air pump is a versatile and portable solution for various inflation needs. It efficiently inflates bicycle, car, and motorbike tires, as well as footballs. With a heavy compressor cylinder, it delivers high-pressure air for quick and effective inflation.

₹1,775 crore, as per a term sheet obtained by Mint.The promoters are offering to sell up to 5 million shares, with a total deal value estimated to be around ₹1,775 crore ($213 million). The shares are being offered at a floor price of ₹3,550 per share, representing a discount of 10.2% compared to Timken India's closing price of ₹3,951.5 on the NSE on Monday.Spokespersons of Bank of America, which is managing the stake sale, did not respond to Mint's request for comment.Currently, Timken Singapore holds a 57.7% stake in Timken India, which manufactures anti-friction bearings, primarily tapered roller bearings, and mechanical power transmission products for customers in diverse sectors.This is not the first time that Timken India's promoters are exploring a stake sale.

Mint that further investments will be made in the coming years.“The Ghanaian government is an enabler of this initiative, which will bring digital services, e-learning and mobile finance products to the country. It will not be the one fuelling investments though—that will be enabled through the PPP model of NGIC," Owusu said.

teaser video showcases the phone’s sleek design, featuring a hole punch display and a flat frame with smoothly rounded edges. The rear of the device sports a circular camera module that houses a dual camera system, enhanced by AI, with a 50MP primary sensor.

Congress president Mallikarjun Kharge on Monday hit out at the Modi government on the state of the economy, exports and the rising trade deficit besides the 'Make in India' programme and accused him of practising «fake» nationalism by making China its biggest trade partner. "Narendra Modi ji speaks about Mangalsutra, Mutton, Machhali, Mughal and Mujra, but does not talk about 'Make in India'? Why Modi ji does not utter a single word on the economy in his numerous election speeches? The answer lies in his Government's abject failure," Kharge said in a post on X. «The 'Make in India' programme has flopped, the PLI Scheme floundered and exports are in a free fall,» he alleged. Drawing a parallel between the Congress-led UPA and 10 years of the BJP-led NDA government, he said the manufacturing growth (at constant 2015 USD) during the Congress-UPA rule from 2004 to 2014 was 7.85 per cent while that during the Modi's NDA rule from 2014 to 2022 was 6.0 per cent.

injunction was filed on Monday against Congress leader Rahul Gandhi and Bharatiya Janata Party's (BJP) leader and Prime Minister Modi Narendra Modi over defamatory remarks on the Indian corporate house, Adani Group. This comes amid heavy campaigning by both star leaders, who have time and again included Adani Group in their election campaign speeches. The plea in Delhi Court seeks to restrain alleged defamatory statements including when Rahul Gandhi accused the Centre of waiving loans worth Rs 15-16 lakh crore for industrialists, including Gautam Adani.

Reserve Bank of India has directed full-fledged money changers to ensure that the value of foreign currency notes sold by them to the public should not be less than 75% of the value of such notes bought from other money changers on a quarterly basis. The RBI’s directions are effective from July 1, 2024, the central bank said on Monday. The step has been taken to ensure that balances in foreign currencies maintained by full-fledged money changers are at reasonable levels and to avoid a build-up of idle balances, the central bank said.

online trading scam that started on the instant messaging platform WhatsApp. The victims were lured to significant profits via online trading. One of the victims is a resident of Charholi Budruk and according to the FIR filed by him, the cybercriminals added the complainant to a WhatsApp group and told him that he could earn huge profits through online share trading. Later, they added his brother to the same WhatsApp group, a Times of India (ToI) report said.

NEW DELHI:The National Company Law Appellate Tribunal (NCLAT) has upheld Adani Goodhomes' resolution plan to take over the bankrupt real estate company Radius Estates, rejecting challenges from creditors and debenture holders, including ICICI Prudential Venture Capital Fund and Beacon Trusteeship. Monday's decision affirms the earlier orders by the Mumbai bench of the National Company Law Tribunal (NCLT), which had approved the resolution plan and dismissed allegations of foul play and collusion.Creditors had claimed that the resolution professional (RP), Jayesh Sanghrajka, and HDFC Ltd, the largest creditor, colluded, leading to only one bid being received.

—Jaydip Patel The Indian income tax law does not tax incomes that have been earned by a non-resident outside India, unless they are received directly in India. Once such incomes are received outside India, they cannot be said to be ‘received’ again in India on subsequent remittance to India.

₹7.48 in May 2020 to currently trade at ₹1,835.In the last 3 years as well, the stock has given exceptional returns, rallying 11007 percent from ₹16.5 in May 2021. Meanwhile, in the last 1 year, it has soared 468 percent and it surged 87.5 percent in 2024 YTD.This year so far, the scrip has given positive returns in 4 of the 5 months to date.

ALSO READ: Watch | Kavya Maran breaks down after KKR's win in IPL 2024 final; SRH fans say, ‘Badla liya jaayega’Speaking after the match, SRH assistant coach Simon Helmot agreed that their plan to be aggressive fell flat quite early in the match.In a post-match press conference, Helmot said, as quoted by PTI, "We were not going to change our brand or approach. We wanted to be aggressive but also smart and work the situations through.""Our plan certainly wasn't to get bowled out for 113 in the 18th over.

GMR Airports Infrastructure Ltd, giving a ‘Buy’ rating with a target price of ₹100. The price target suggests a possible increase of 15% from the current levels.Jefferies says that GMR Airports is transitioning from a utility model to a retail consumption focus, poised to benefit from robust air traffic growth, expanded travel retail opportunities, increased aero tariffs, and the potential of unlocking real estate value.Additionally, Jefferies suggests that further valuation increases will be driven by streamlining the group's corporate structure, improving leverage ratios, and the support from Groupe ADP.Also read: Suzlon Energy: Anand Rathi bullish on turnaround story, retains 'buy' rating“GMR Airport is evolving from utility to a retail consumption play and is slated to benefit from the strong air traffic growth outlook, travel retail opportunity (led by top end consumption), upward reset in Aero tariffs and real estate unlocking opportunity.

Free, ad-supported streaming television, or FAST channels as they are known, is slowly gaining popularity among Indian viewers who are looking for programming that is free of cost and caters to specific language or genre segments as the penetration of large connected TV (CTV) sets grows. The channels, targeted at niche audiences, are ad-supported like linear TV channels, but allow content owners with specialized libraries including music, news or regional content, to build their own audience independent of traditional networks.

Suzlon Energy with a price target of ₹58 apiece, emphasising the company's notable market position in India's wind turbine sector and the company's achievement with net cash totaling ₹11.4 billion in FY24, marking the first instance since FY06. The brokerage said that the country's wind capacity installations are on track to rise to 8–9 GW by FY27, given the government’s insistent thrust and traction from commercial and industrial demand.The brokerage said that the company has faced turbulence in the past due to weak demand and high debt, hurting its prospects.

Flipkart has FOMO? Zepto and Blinkit are changing the e-commerce giant Separately, one of Dunzo’s financial creditors has also filed an insolvency application against the company. Dunzo said, however, that it was close to reaching a settlement with this lender. In November, Dunzo’s operational creditor Velvin Group, an Indian manufacturer of sustainable packaging solutions, initiated insolvency proceedings against the company.

₹50 crore in a mix of equity and debt to expand its presence in India's wedding and occasion-wear market. The funding was led by Sangita Jindal, chairperson, JSW Foundation.

SUV lineup with the Clavis, following the success of the Sonet and Seltos. The Clavis, spotted multiple times during testing on Indian roads, is expected to fit between the Sonet and Seltos in terms of size. This new model is likely Kia's response to rivals like the Tata Curvv and Citroen Basalt.

health cooperation, India and Japan have agreed to advance their collaborative efforts during a meeting on the sidelines of the 77th World Health Assembly (WHA) in Geneva, officials on Monday said. The two nations emphasised their commitment to building on the Memorandum of Cooperation signed in 2018, they said. The key areas of focus included expanding cooperation into new domains such as digital health, the use of artificial intelligence (AI) in healthcare, elderly care, and tackling non-communicable diseases. This initiative aims to leverage technological advancements to improve health outcomes and address the growing challenges posed by an ageing population and lifestyle-related diseases, the officials said.

Shares of Glenmark Pharmaceuticals Ltd.(up 8.06 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 6.87 per cent), Divi's Laboratories Ltd.(up 3.23 per cent), Mankind Pharma Ltd.(up 2.5 per cent) and Granules India Ltd.(up 2.33 per cent) ended the day as top gainers in the pack.

Indian commodities tycoon Anil Agarwal’s Vedanta Ltd. is considering a share sale as soon as the coming weeks that could raise as much as 85 billion rupees ($1 billion), people with knowledge of the matter said. Vedanta is working with advisers including Axis Bank Ltd. subsidiary Axis Capital and Citigroup Inc. on the offering, the people said. It has started gauging interest from potential investors including Middle Eastern funds, according to the people, who asked not to be identified because the information is private.