India Financial News

IPL final.“When IPL was approaching, all I wanted to see to it that I can put my best foot forward and whatever planning or strategising we did before, we executed it to the best of our abilities. The transformation from red-ball cricket to white-ball is difficult as a batsman, but once you get used to it, you match with the other teams," he added.Shreyas Iyer delivered the best performance by an Indian No.

Cyclone Remal in the Bay of Bengal might bring minor rains, potentially affecting Tamil Nadu's capital, adding some uncertainty to the match.But, like last year, there is a provision for reserve day in case of a washout, and the forecast for that day looks favourable.Kolkata Knight Riders (KKR) and Sunrisers Hyderabad (SRH), two of the biggest trailblazers of the ongoing Indian Premier League (IPL), will be taking on the title clash at the Chepauk Stadium in Chennai on Sunday.KKR finished the league stage on the top of the points table with nine wins, three losses and two no results, giving them 20 points. They earned a direct spot in the final by defeating SRH in the qualifier one.

Cyclone Remal Live Updates"The CS "Remal" over North BoB about 290 km S SE of Sagar Islands(WB) 300 km S SW of Khepupara(Bangladesh) and 320 km S SE of Canning (WB). To intensify into a severe cyclonic storm in next 06 hours and cross between Bangladesh and adjoining WB coasts around 26 midnight as SCS," the IMD posted on X on Sunday morning.The cyclone has been named ‘Remal’ by the established naming protocol for cyclones in the Indian Ocean region.This naming convention is standardized for tropical cyclones in the North Indian Ocean, spanning the Arabian Sea and the Bay of Bengal.As part of the Regional Specialised Meteorological Centres (RSMCs), the IMD collaborates with 12 other regional countries to designate names for tropical cyclones.The name ‘Remal’, proposed by Oman, holds significance as it translates to ‘sand’ in Arabic.The IMD predicts that the cyclone will bring heavy rainfall and strong winds to West Bengal, coastal Bangladesh, Tripura, and other northeastern states.Originating as a low-pressure area on May 22 in the Bay of Bengal, it has since intensified into a depression, now positioned in the North Bay of Bengal.Also Read: Cyclone Remal to hit Bengal today: IMD issues severe warning in THESE states; flights suspended in Kolkata.

₹1,85,320.49 crore in market valuation, with Reliance Industries Ltd and HDFC Bank leading the surge, reflecting a broader rally in equities.The BSE benchmark soared by 1,404.45 points, or 1.89%, and the 30-share BSE Sensex reached an all-time intraday high of 75,636.50 on Friday.Among the top-10 most-valued companies, only ITC lagged behind.Also read: Week Ahead: Q4 Results, F&O expiry, Lok Sabha elections, global cues among key market triggers this weekReliance Industries' market valuation increased by ₹61,398.65 crore, reaching ₹20,02,509.35 crore. HDFC Bank saw a rise of ₹38,966.07 crore, bringing its valuation to ₹11,53,129.36 crore.

(This story originally appeared in on May 26, 2024)

Congress leader Shashi Tharoor slammed the BJP, saying that if the party comes to power again at the Centre, democracy will be in danger in the country. «If BJP forms the government this time, democracy will be in danger. If we want to save the country, the BJP will not have to be allowed to come to power again at the Centre. That's why I am asking for votes for Charanjit Singh Channi,» Tharoor told reporters here as he was in the state to campaign for former Punjab CM Charanjit Singh Channi, who is contesting from Jalandhar Lok Sabha constituency as Congress candidate. Tharoor alleged that the BJP wants to polarize voters on the basis of religion.

Kolkata Knight Riders (KKR) played an IPL final in Chennai was in 2012 against the Chennai Super Kings. It was an iconic match that solidified Gautam Gambhir’s reputation as an exceptional leader. His strategic brilliance had led KKR to victory. Gambhir's leadership prowess shone again in 2014 when he led KKR to another title, cementing his status as a beloved figure among fans. The spotlight is on Gambhir again, now as a mentor for KKR, which is one step away from winning their third title. Gambhir is also a strong candidate for the Indian head coach position. A victory would not only bolster his credentials but also amplify calls for his inclusion in the Indian team’s coaching staff.

Goa and pigs have long been closely linked. The Portuguese probably didn’t introduce them, given pork eating traditions in western India, in places like Mangalore and Coorg. But they would have encouraged their rearing, from familiarity with salt pork which fuelled their long sea voyages. There was also, perhaps, the use that the Inquisition made of pork, to identify Iberian Jews who claimed to have become Christians, but secretly maintained Judaic habits, particularly a revulsion from pork. 'Dominic’s Goa', an entertaining memoir by Domnic Fernandes, has a chapter on women who would raise a few pigs at home, feeding them on kitchen wastes and going to the houses that didn’t keep pigs to collect their waste as well. This was mixed with easily available paddy husk, coconut cake (left after oil pressing) and the water from cooking rice. “Pigs were sort of wet garbage-cleaners,” he writes.

T20 World Cup in the US is a "landmark event" and there is huge excitement among the diaspora as well as across America, India's envoy here said emphasising that the tournament is playing a «very significant role» in bringing cricket to the country's mainstream and will further contribute towards the bilateral people-to-people relationship. «This is the first time we are having a (cricket) World Cup being played on US soil. There is huge excitement, not only among the Indian diaspora members but even in the United States,» Consul General of India in New York Binaya Srikanta Pradhan told PTI here in an exclusive conversation ahead of the much-anticipated tournament. He said American congressmen, senators, elected representatives are talking about the T20 Cricket World Cup being held in the US.

Akola has been the hottest city in Maharashtra over the last two days when it recorded the maximum temperature of more than 45 degrees Celsius, as per the India Meteorological Department (IMD) data. In view of the heatwave conditions likely in Akola, Collector Ajit Kumbhar on Saturday imposed Section 144 of the Criminal Procedure Code (CrPC) till May 31, prohibiting public gathering. The collector in an order asked establishments to made adequate arrangements of drinking water and fans for workers and to change the timings of private coaching classes, saying they should not be held during the afternoon. Akola city, located in Maharashtra's Vidarbha region, recorded the maximum temperature of 45.8 degrees Celsius on Friday and 45.6 degrees Celsius on Saturday, the season's highest temperature in the city this month, according to the IMD data.

Manishi Raychaudhuri, Veteran Investor In Asian Equities, says for global investors’ focus to come back sustainably in emerging markets, the rate narrative and the US dollar narrative has to change. Till then, we would possibly see this three steps forward and two steps back as far as the FII flows into India and other Asian markets are concerned. There are enough opportunities in India in sectors like capital goods, industrials and power which hitherto had not performed and some FIIsfund managers have moved into midcaps and even smallcap spaces. There was a weakish patch barely a week or 10 days ago when the market corrected from 23,000 to 21,800 odd. At that time, a narrative got built that China and Hong Kong markets have started to look very attractive versus India, so some money went there. But right now, we are back at life highs. Can India afford to do well despite some flows going to China? Manishi Raychaudhuri: I would think so.

market valuation last week, with Reliance Industries Ltd and HDFC Bank stealing the show with maximum gains, in line with rally in equities. Last week, the BSE benchmark zoomed 1,404.45 points, or 1.89 per cent. The 30-share BSE Sensex hit its all-time intra-day high of 75,636.50 on Friday. From the top-10 most-valued firms pack, only ITC emerged as the laggard.

Cannes Film Festival 2024: Indian filmmaker Payal Kapadia made history on May 25, bagging hers and the country's first Grand Prix Award for the Malayalam-Hindi language film 'All We Imagine As Light', at the 77th Cannes Film Festival.The Cannes Grand Prix is the second-highest accolade at the festival after the Palme d'Or. American director Sean Baker took home the top-most honour for Anora.Also Read | Cannes 2024: Payal Kapadia becomes first Indian to clinch Grand Prix award for ‘All We Imagine as Light’Notably, according to a PTI report, Kapadia became the first female director in India and the first Indian film in 30 years to compete in the festival's main competition.

FSSAI has also advised that all activities related to the commercialisation of human milk and its products should be stopped.In an advisory dated May 24, titled ‘Advisory on Unauthorized commercialization of human milk and its products’, the FSSAI said that it is in “receipt of representations from various registered societies regarding commercialization of human milk and its products".It added that the FSSAI “has not permitted the processing and / or selling of human milk under FSS Act, 2006 and rules/regulations made there under."“Therefore, it is advised that all such activities related to the commercialization of human milk and its products should be immediately stopped.

IPO rush sets up India’s equity market for another record year“The surge in IPO activity is fuelled by soaring Indian stocks, robust economic growth, and corporate earnings consistently outpacing expectations, inspiring more companies to go public. As a result, IPO market has seen a significant boost, with large corporate houses and new –age businesses like Tata Capital, Hexaware, Ola Electric, and Swiggy gearing up for their public market debuts in 2024-25," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd.Vilas Transcore IPO opens for subscription on May 27, 2024, and closes on May 29, 2024.

first batch of cricketers who travelled for the prestigious tournament. Other MI cricketers in the national squad, including Rohit Sharma, Jasprit Bumrah and Suryakumar Yadav, were seen among the first batch of cricketers flying to the US.It was expected that MI players would be among the first to fly to the US as Mumbai were eliminated in the league stage of this year’s IPL season.

Tata Steel, LIC, IRCTC, Cummins India, Samvardhana Motherson International, Mazagon Dock Shipbuilders, Apollo Hospitals Enterprise, Bharat Dynamics, Aditya Birla Fashion and Retail, and National Aluminium Company, will be releasing their March quarter report cards this week. Here’s the list: May 27

UAE are now subject to stricter immigration checks at Dubai and Abu Dhabi airports. Authorities have mandated that visitors carry proof of at least ₹60,000 in their bank account or have a credit card and a return ticket. This measure aims to prevent the misuse of tourist visas. Sources indicate that first-time travellers from Tamil Nadu and Kerala are particularly under scrutiny. These checks have led to delays at Indian airports as airlines now ensure passengers meet these requirements before allowing them to board. The increased vigilance follows incidents where passengers arriving on tourist visas lacked sufficient funds or return tickets, leading to deportations. Airlines are now required to verify that solo travellers, especially women aged 20-35, comply with these rules to avoid having to return deported passengers at their own expense.

Nifty ended with 2.2% gains in a truncated week amid significant volatility where India VIX shot up to a 52-week high gaining nearly 10% in four sessions. When markets resume trading on Monday, a host of important domestic and global events lined up during the week are likely to impact them. «The Nifty and sensex scaled new peaks on Friday, with the Nifty surpassing the 23,000 mark for the first time ever. Sensex and Nifty record the biggest 2-week gain in the last 5 months. Nifty Bank moves 2% higher this week,» Pravesh Gour, Senior Technical Analyst at Swastika Investmart said, adding that the chart structure of Nifty now shows a bullish trend with a buy-on-dip approach should be adopted.

Sunrisers Hyderabad (SRH) batter Rahul Tripathi said it was tough since he had to wait for his opportunity to come in the Indian Premier League (IPL) 2024. Sunrisers Hyderabad will lock horns against Kolkata Knight Riders (KKR) in the final match of the IPL 2024 at the MA Chidambaram Stadium on Sunday. Rahul played 5 matches for the Sunrisers in the IPL 2024, scoring 156 runs at a strike rate of 152.94. He hammered 17 fours and 6 sixes in the ongoing season.

Mark Mobius, Chairman, Mobius Emerging Opportunities Fund, says that there are lots of steam left in the global market, and we are seeing a lot more interest in equities globally, particularly in the US, and that helps India as well because if people are making a lot of money in the US, they want to diversify globally. They want to put their eggs in more baskets. And one of the most important baskets now is India. Mobius further says that India is a huge market and there are lots of opportunities for global investors.They are going to take advantage of that opportunity. I wanted to glean out a bit because overall we have seen that there has been a shift towards China as well because the valuations there were fairly comfortable. For you, I see that it is still one of the least preferred countries in terms of your geographical portfolio breakdown. What is the thesis there? Are you looking at perhaps increasing the weights in China and even the US for that matter is fairly underweight at just 9%? Mark Mobius: Yes, we are looking at China again now and you have seen that the Hong Kong market has had a pretty good recovery.