India Financial News

Opposition INDIA bloc over not announcing the prime ministerial candidate and even said that all leaders in the Opposition alliance are candidates to become the prime minister. "If we form the government, all the leaders will decide who will be their PM," Mallikarjun Kharge was quoted by NDTV as saying during a press conference in Himachal Pradesh's capital, Shimla. He mentioned the ten years of the UPA regime and said that no prime ministerial candidate was announced before the 2004 Lok Sabha elections.

IT services companies are battling macro uncertainty and tech spend slowdown, they have reduced their campus visits and applied brake on freshers hiring.

Kolkata: West Bengal registered a voter turnout of 77.99 per cent till 5 pm in the eight Lok Sabha constituencies that went to polls in the sixth phase on Saturday, an official said. Polling began at 7 am in Tamluk, Kanthi, Ghatal, Jhargram, Medinipur, Purulia, Bankura and Bishnupur constituencies. It would continue till 6 pm.

influx from Myanmar into Mizoram continues as in last 10 days as many as 1,430 Myanmarese nationals took shelter in Mizoram.

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7th Pay Commission News: The government hiked dearness allowance (DA) for over 1 crore employees and pensioners by 4% for the first half of 2024. With this hike, the DA ceiling hit 50% of the basic pay, triggering speculation about the merger of this allowance into the basic salary.

By Siddharth Singhal,

As State Bank of India has increased short-term fixed deposit rates by 25 to 75 basis points, a move likely to be followed by other banks, individuals should now adopt a laddering strategy for deposits up to one year. There would be a clamour for short-term deposits with the one-year bank fixed deposit rates nudging higher, and longer-term rates possibly remaining flat.

voter turnout of 55.93 per cent was recorded in Haryana till 5 pm in its 10 Lok Sabha seats and polling remained peaceful on Saturday, officials said. Voting ended at 6 pm, sealing the fate of 223 candidates. Poll officials said that the turnout figure could increase as data is being compiled. In 2019 Lok Sabha polls, the overall poll percentage was 70.

Shah on Saturday alleged that Congress leader Rahul Gandhi is spreading false propaganda on the Agniveer military recruitment scheme. Gandhi, in his first election meeting in Haryana for the Lok Sabha polls on Wednesday, had said that the Agniveer scheme will be scrapped and thrown in the dustbin if the INDIA bloc comes to power. He had also slammed Prime Minister Narendra Modi for «turning Hindustan ke jawan into labourers».

train ticket will incur some charges as specified by the Indian Railway Catering and Tourism Corporation (IRCTC). However, if you use the services of some IRCTC-authorised ticketing agents such as MakeMyTrip and Ixigo and pay some extra amount, then you will get a full refund without any cancellation charges. To avail of this facility and use it for your benefit, you must know certain terms and conditions. Read here to find out.

Numaligarh Refinery Limited (NRL) and Oil India Limited (OIL) are setting up around eight to ten Compressed Bio-Gas Plants in different districts of Assam and other North-East states, a green initiative that would create wealth out of waste & address the burgeoning problem of waste management in towns and cities in the North East Region.

Bihar): Calling Congress and Rashtriya Janata Dal «darpok» (cowards), Prime Minister Narendra Modi on Saturday said that terrorists in the previous governments used to attack the country because of these coward leaders adding that he is not a coward while citing an example of India carrying out surgical strikes across the border of Pakistan.

₹22,046 crore worth of Indian equities and the total outflow stands at ₹17,848 crore as of May 24, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The total debt inflows stand at ₹2,009 crore so far this month.

Indian Premier League 2024 finals and will play with Sunrisers Hyderabad on Sunday in Chennai, KKR skipper Shreyas Iyer ceded spotlight to their mentor Gautam Gambhir.Under Iyer's captaincy, Delhi Capitals had reached to the IPL title clash in 2020 and now he has led KKR to the IPL 2024 finals. But he shuns the queries when asked if his achievements as a leader haven't received enough traction.ALSO READ: What if KKR vs SRH IPL 2024 final gets washed out? Kolkata or Hyderabad - who'll win? Check all possibilities“The hype is definitely created by you guys (media).

stress test’ every month in view of the froth in small and mid-cap mutual funds.The latest stress test for the last month revealed that these fund houses will require anywhere between one to 54 days to liquidate half (i.e., 50 percent) of their invesment in small cap schemes.Axis Small Cap scheme would need 25 days to redeem 50 percent of its portfolio and 12 days to redeem 25 percent of assets.The longest time required to liquidate half of the portfolio in small cap scheme is 54 days by HDFC Small Cap fund and 27 days for 25 percent of the assets.This is followed by 48 days required by SBI Small Cap Fund to liquidate 50 percent of assets and 24 days for 25 percent of assets.ALSO READ | Kotak Mutual Fund restricts flows into small cap scheme from March 4. Details hereThe corresponding time period required by DSP Small Cap Fund is 35 days and 17 days to liquidate 50 percent and 25 percent of portfolio.The corresponding number of days required by Kotak Small Cap Fund is 35 days (for 50 percent portfolio), for Nippon India Small Cap Fund, it is 31 days.For Quant Small Cap Fund, it is 22 days and for Tata Small Cap Fund, it is 23 days.(Source: AMFI; number of days to liquidate half of portfolio)As one can see in the table above, the liquidity has improved in only three schemes: Axis small cap fund, SBI small cap fund and Tata small cap fund.Meanwhile, the stress test revealed that the liquidity has further declined in other mutual fund schemes.

Also Read: ‘300 bhi namumkin’: Yogendra Yadav's prediction for BJP amid Lok Sabha Elections.

Top news of the day: On 24 May, a series of events are set to take place right from politics to business. Election Commission of India said that the 58 seats voting today saw 57.70% approximate voter turnout till 5 pm. The IMD has issued warnings against severe cyclonic storm Remal, which is moving towards West Bengal and is expected to make landfall on May 26.

Dividend Stocks: Shares of several companies including Havells India, Infosys, CMS Info Systems Ltd, among several others will trade ex-dividend in the coming week starting from Monday, May 27. Along with these, some other stocks will also trade ex-split while Ajanta Pharma will declare a buyback.

foreign portfolio investors (FIIs) have remained unenthusiastic in May so far, off-loading Indian equities worth Rs 22,046 crore. In 2024 year-to-date, FPIs have off-loaded stocks worth Rs 19,824 crore. They carried on the trends in May from April in which FPIs sold shares worth Rs 8,671 crore even as the domestic institutional investors have displayed keenness on remaining in the buying side.

Hardik Pandya, Natasa Stankovic posted a cryptic message on Instagram, stating, «Someone is about to get on the streets.» This post comes amid swirling gossip that the Mumbai Indians captain’s wife is seeking 70% of Pandya’s property as part of the divorce settlement.