India Financial News

India and Indonesia, whose populations are growing at a solid pace, stand to benefit as demographics begin to play a bigger role in investment decisions, according to Fidelity International and BlackRock Investment Institute.The investors are focusing on the two nations in emerging Asia, thanks in part to an expected boom in infrastructure spending, which in turn bodes well for the countries’ economies. Both India and Indonesia coincidentally had elections this year, showcasing to the world their ambition to transition into major economic powerhouses with their dynamic population a key strength.

Bank Nifty was up by 347.3(0.71%) at 27 May 2024 10:44:56 IST.Other stocks such as Best Agrolife, Compuage Infocom, GSS Infotech, RAJRATAN GLO, Future Retail hit their fresh 52 wk lows today.

Mint. Other venture capital firms such as Kae Capital and Westbridge Capital are also considering similar moves, another person said. "We are in discussion with institutional investors and waiting for market interest to build up before we open the fund to a larger set of local investors," India Quotient's Anand Lunia said. Others did not respond to Mint's request for comment.

NEW DELHI : Traditional life insurance plans, often known as endowment policies, are frequently marketed as investment products. However, with growing awareness about the importance of separating insurance and investment, many policyholders are now questioning whether to continue with their existing plans or surrender them. This decision is not straightforward, as the cash value received upon surrender is usually significantly lower than the premiums paid.

Financial investments are often planned around life goals — you could be investing to fund your children’s education, for retirement, or to meet other short-term goals like buying a home, etc. They are also made to secure your loved ones, in case something were to happen to you. But, very often primary caregivers end up not informing other family members about the investments they make. In our new video series ‘Money Shots’, Neil Borate, Deputy Editor at Mint explains why adding nominees to investments is key, and how to go about it.

When the Reserve Bank of India (RBI) is expected to cut down repo rate towards the end of the year, investors are recommended to lock their investments in fixed deposits (FDs) in order to make the most of the prevailing high interest rates.

Asian counterparts, Indian blue-chip indices hit fresh record highs on Monday, driven by financial and metal stocks. The BSE Sensex hit new lifetime high of 75,679 before trading 206 points or 0.27% higher, at 75,615. Meanwhile, the Nifty50 scaled new peak of 23,043 before trading 58 points or 0.25% higher at 23,015 as of 9:19 AM.

companies will announce their fourth-quarter earnings on Monday with some important names in the mix including LIC, NMDC, National Aluminium Company, and Natco Pharma. Other companies which will also announce their results include Sumitomo Chemical India, Elgi Equipments, NMDC Steel, AstraZeneca Pharma India, Juniper Hotel, Kirloskar Industries, Dish TV India, Flair Writing Industries, Vishnu Prakash R Punglia, DCM Shriram Industries, Motisons Jewellers and many more.

Ahead of the June 4 general election outcome, volatility is expected to remain high and India VIX appears to be at a striking distance of 30, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One said, advising investors to remain alert and look at investing light. This analyst spells-out strategy in previous week’s major movers viz. Cochin Shipyard, Zomato and Global Health (Medanta) and three more stocks. Here’s what he recommends: Edited excerpts: Market seems to have got its mojo back especially after statements by Indian Prime Minister Modi, Home Minister Amit Shah with the former exuding confidence over rally following a favourable June 4 outcome and the latter suggesting investors to continue buying in the run-up to the D-day. Do you see a connection or see other factors to be supporting the rally? Aamar Deo Singh: Overall, markets appear to have factored in the return of the current dispensation at the centre, and that is reflected in the price moves, cutting across sectors and multi-caps with the benchmark indices gaining almost 2% WoW. Unless there is a major upset, of which the probability is very low, markets would continue to in an uptrend in the long-term.

Also Read: FPO lock-in expiry: Vodafone Idea share price to gain focus today as anchor investors' 30-day lock-in period endsThe Hyundai Motor India IPO is likely to be purely an OFS (offer for sale) by the parent and slated to be India’s largest IPO, as the South Korean auto major plans to raise between $2.5 billion to $3 billion via the issue, the report added.The IPO is likely to value the Indian arm at around $20 billion and the OFS figure as part of discussions currently is 15% which hasn’t been frozen yet, it said.However, the valuation and IPO size haven’t been finalized which may vary depending on the company strategy and market conditions, the sources told Moneycontrol.Also Read: Upcoming IPOs: Five SME issues and two new listings scheduled for this week; check full list hereAt present, the Life Insurance Corporation of India (LIC) IPO is the largest IPO in India which raised $2.7 billion in May 2022.In FY24, Hyundai Motor India was India’s second largest carmaker after Maruti Suzuki in terms of passenger sales volumes.

Nitesh Vasvani, Raipur, Chhattisgarh The Nifty 100 Low Volatility 30 Index is an index developed by the National Stock Exchange of India, designed to track the performance of the 30 least volatile stocks within the Nifty 100 index. This index is particularly appealing to investors who are risk-averse yet seek exposure from the equity markets, as it aims to reduce the impact of market fluctuations on the investment.

Awfis Space Solutions IPO day 3: The initial public offering (IPO) of Awfis Space Solutions Limited opened on 22nd May 2024. In the first two days of bidding, the public issue received an overwhelmingly positive response from the primary market investors, indicating a strong potential for the IPO. As per the Awfis Space Solutions IPO subscription status, the public issue has been booked 11.41 times in the first two days of bidding.

Maldives Ministry of Foreign Affairs co-chaired the India Maldives Review meeting. The two officials took stock of Indian grant-funded high-impact community development projects in Maldives. According to the Indian High Commission in Maldives, India is supporting the implementation of 65 community development projects worth MVR 360 million in Maldives. In a post shared on X, the Indian High Commission in Maldives stated, «India Maldives Review meeting co-chaired by HE Ahmed Naseer, Amb-at-large @MoFAmv and @AmbMunu to take stock of Indian grant-funded high impact community development projects #HICDP. India is supporting implementation of 65 community development projects worth MVR 360 million in Maldives.»

severe cyclonic storm 'Remal' makes landfall between Bangladesh and the adjoining West Bengal coast, the Indian Coast Guard said on Monday that it is closely monitoring the landfall of the cyclone with a disaster response team, ships, and hovercraft on standby at short notice to respond to post-impact challenges. The ICG further asked the people to follow official advisories, stay informed, and stay safe. «Update cyclone #Remal@IndiaCoastGuard is closely monitoring the landfall of cyclone #Remal with the disaster response team, Ships, and Hovercraft standby at short notice to respond to post-impact challenges. Follow official advisories, Stay informed, and stay safe,» the ICG posted on X.

Schuyler Jones, a globe-trotting American anthropologist and adventurer whose exploits drew comparisons to iconic movie character Indiana Jones, has died. He was 94. Jones' stepdaughter, Cassandra Da'Luz Vieira-Manion, posted on her Facebook page that Jones died on May 17. She said she had been taking care of him for the last six years and «truly thought he might live forever.» «He was a fascinating man who lived a lot of life around the world,» she wrote.

culpable since they apparently allowed their underage son to drive their car, a Porsche, knowing full well that he did not have a driving licence as he wasn’t yet eligible for one. Sure, we live in an age where parents have less and less influence over their progeny, especially once they reach their teens. But that does not absolve them of responsibility.

Maldives, Munu Mahawar, and Ahmed Naseer, Ambassador at Large for the Maldives Ministry of Foreign Affairs, co-chaired the India-Maldives Review meeting. The officials reviewed Indian grant-funded high-impact community development projects in the Maldives.According to the Indian High Commission in the Maldives, India is supporting 65 community development projects in the Maldives, valued at MVR 360 million.In a post shared on social media platform X (formerly known as Twitter), the Indian High Commission stated, “India Maldives Review meeting co-chaired by HE Ahmed Naseer, Amb-at-large @MoFAmv and @AmbMunu to take stock of Indian grant-funded high impact community development projects #HICDP.

Sensex eased 7.65 points, or 0.01%, to close at 75,410.39, while the Nifty 50 settled 10.55 points, or 0.05%, lower at 22,957.10.Nifty 50 formed a doji candle on the daily timeframe after a big bull candle on the previous day.“On the Daily chart, Nifty continues to hold above the 20 and 50-day SMA, which is a positive signal. The 14-day RSI at 67.5 is rising and not overbought, which is encouraging.

Prime Minister Narendra Modi-led government will return to power in Lok Sabha Elections 2024.The Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA), has already crossed the numbers required for forming the government in the first five phases of the general elections, Shah said. “We are somewhere between 300 and 310…this is minus the last phase…We are in a comfortable position. This time, we went to the people with 10 years of track record and 25 years of a powerfully positive agenda," Shah told Indian Express in an interview.

Read the full story here.)Sensex Today Live : Indian benchmark indices were likely to start on a muted to positive note, driven higher by expectation of a lower consumer inflation reading in the US that could firm up anticipation of an earlier interest rate cut there.The positive bias for the Indian markets was indicated in the Gift Nifty futures, which was trading at 23,034, ahead of Nifty 50's Friday close of 22,957. Not only that, markets in India, along with its Asian peers, looked on a firm footing on Monday morning.Asian shares edged higher on Monday as investors braced for a busy week of data which culminates in a key U.S.

Mukesh Ambani is set to enter Africa with a telecoms venture, seeking to win mobile broadband customers in a high-growth market.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.