India Financial News

Also Read | Sunil Chhetri retires: Captain Fantastic gets emotional“All of them were very professional and hard-working. The competition is strong amongst them, especially in the positions of Jithin and Parthib," Stimac said in a press statement.“Parthib and Hammad suffered minor injuries a few days back and will need 7-14 days of rest," he added.

Mint in an interview, on the sidelines of the inauguration of the Range Rover House in Alibuag, Maharashtra, the first experiential centre of the brand in India.A new assembly line for the Range Rover and Range Rover Sport will be set up in Tata Motors' manufacturing facility in Pune, Maharashtra, with a production capacity of 10,000 units annually in two shifts. The move is expected to reduce prices by a significant 18%-22%, while still keeping them in the ₹1.5 crore and above category, said Rajan Amba, Managing Director and CEO of Jaguar Land Rover India."(W)e believe customers who were hesitant will make that leap, and it should add to the growth in Range Rover and Range Rover Sport," said Amba.“This is the first time that these flagship brands are coming out of Sollihul (in the UK) are being made anywhere else.

Also Read: ITC Q4 results review: Should you buy, sell or hold the FMCG major? Here's what 5 top brokerages sayThe government aims to boost India's defence exports to US$5 billion by 2024–25, underscoring the sector's increasing significance and potential.Mazagon Dock Shipbuilders, Garden Reach Shipbuilders & Engineers, and Cochin Shipyard have all experienced significant jumps in their share prices this week, with returns reaching as high as nearly 34%.Cochin Shipyard shares have emerged as top performers among its peers, surging by 34% in the last four sessions alone. This momentum has propelled the shares to a remarkable 722% gain over the past year and an impressive 1058% increase in just two years.Earlier this month, the company bagged an order from a European client, for the design and construction of a hybrid service operation vessel (SOV) with an option for two more such vessels.

₹29,999. While Poco only launched the F6 smartphone in India, the Xiaomi sub-brand also launched the Poco F6 Pro and Poco tablet in the global market. However, during the India launch of Poco F6, the company while not naming the latest device, did tease that it will soon launch Poco tablet along with the Poco TWS earphones in the country.

Shares of Inox Wind rallied 10% in today’s session to its fresh 52-week high of Rs 166 on BSE as the stock traded on an ex-bonus basis. Earlier in May, the wind turbine manufacturer had informed the exchanges about its intention to issue bonus shares in the ratio 1:3 to its eligible shareholders, meaning that for every 1 equity share held, 3 new equity shares will be issued.

Colgate-Palmolive (India) Ltd. fell 0.84 per cent to Rs 2690.65 in Friday's session as of 01:08PM (IST) even as the equity benchmark Sensex traded 122.64 points higher at 75540.68. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 2961.15 and a 52-week low of Rs 1567.65 on NSE. Around 3704 shares changed hands on the counter till 01:08PM (IST).

Non-mortgage security receipts formed 90% of the fresh issuances in 2023, and have seen a rise in volumes backed by retail non mortgage bad loans, research by India Ratings showed. Asset Restructuring Companies (ARCs) will have to scale up their recovery infrastructure to be able to deal with the change in dynamics. The ratings agency expects a sustained flow of unsecured asset classes being assigned to ARCs, particularly within segments such as personal and credit card loans. Recoveries of bad loans that are backed by large corporates and small and medium enterprises are still stretched despite improvements in legal resolutions.

Indian government bonds eligible for inclusion in the JPMorgan Chase & Co. index look poised to deliver their best monthly returns in nearly a year, helped by fresh foreign inflows and a record central bank payout. The so-called Fully Accessible Route notes, which have no restrictions for foreigners, returned 1.3% in May so far, according to a Bloomberg index. If that result holds, it would be the best monthly performance since April 2023.

The counter opened at Rs 1122.7 and touched an intraday high and low of Rs 1124.65 and Rs 1108.0, respectively, in the session so far. Shares of the company of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 1148.3 and a 52-week low of Rs 614.45.

movies from India clocked over 1 billion views on Netflix in 2023, the streaming service said on Friday in its second engagement report. The report, titled «What We Watched: A Netflix Engagement Report», presented the streaming service's viewership data for the period of July to December 2023. Subscribers across the world watched about 90 billion hours of content on Netflix in the second half of 2023. From India, Sujoy Ghosh's «Jaane Jaan» was the most watched movie on Netflix with 20.2 million views, followed by Shah Rukh Khan's «Jawan» with 16.2 million views and Vishal Bhardwaj's "Khufiya" with 12.1 million views.

Also Read: How can using a credit card for emergencies affect your financial health?Since the card is 100% digital, customers can avail it only through the app. The ‘PIXEL Play’ card is available for salaried persons between 21 years and 60 years of age with a monthly income of ₹25000.

HUL: Is another weak quarter a cause of panic for investors?"In view of the above, the Board of Directors based on the recommendation of the Nomination and Remuneration Committee approved and adopted the revised Board Skill Matrix of the Company on 26th February, 2024," the report added.HUL will become among the first of the large companies which officially adopts an additional set of skill sets that its Board must have. Wile earlier some of the prominent skill sets were defined as a must have for the Board, this is the first time HUL has measured the extent of these skill sets that the directors have.According to the skillset statistics shared in the report, HUL found out that while 92% of its Board had leadership experience, barely 33% were aware about the details of cybersecurity, data governance and information technology.

₹790 on the NSE, the Max Healthcare share price is down more than 10% from 52-week highs seen in February.Analysts remain positive on growth being fueled by expansions. Analysts at Jefferies India Private Ltd have maintained Buy ratings on Max Healthcare post Q4.

Also Read: Emkay projects Brent oil price range at $83 to $92 per barrel in the short termTraders remain concerned that prolonged high interest rates in the US will hurt the economic outlook and demand for energy. In the previous trading session, crude oil prices dropped over 0.65% following the release of the Federal Reserve meeting minutes, which indicated a lack of confidence among policymakers regarding imminent interest rate cuts.The minutes showed that while policymakers viewed current policy as "well positioned," some expressed readiness to tighten policy in the event of inflation spikes.

interest rate hikes, ever! The immediate impact? Bonds lost in double digits. The returns they made in over a year were wiped out in a span of weeks. For instance, the Total Bond index, which tracks the US investment grade bonds, marked 2022 as its worst year on record going back 250 years.

Indian Oil Corporation Ltd. traded 1.01 per cent up at Rs 169.6 on Friday at around 11:31AM (IST), while the benchmark BSE Sensex advanced 30.48 points to 75448.52. As many as 554,415 shares changed hands on the counter with a total value of Rs 9.34 crore.

Madhav Marbles & Granites Ltd.(up 4.31%), Lexus Granito(India)Ltd.(up 2.90%), Sandur Manganese & Iron Ores Ltd.(up 2.57%), Aro Granite Industries Ltd.(up 2.03%), 20 Microns Ltd.(up 1.56%), MOIL Ltd.(up 1.42%), NMDC Ltd.(up 1.34%), Coal India Ltd.(up 0.93%) and The Orissa Minerals Development Company Ltd.(up 0.83%) were among the top gainers.

Kyung-wha Kang, President and newly appointed CEO, Asia Society, a leading global think tank in an interview with ET's Dipanjan Roy Chaudhury described India as the fastest-growing economy with a lot more potential, and noted that India is diplomatically in a very sweet spot. All countries are courting India. And India has a greater role and greater space to have a voice in steering regional dynamics. Priority for Asia Society in India The Asia Society India Center fosters a nuanced understanding of Asia-Pacific affairs, with a focus on educational programming geared towards community-building in South Asia, and arts programming that encourages contemporary South Asian artists and engages arts enthusiasts and professionals. The Asia Society Policy Institute in Delhi, founded in 2022, conducts policy research and promotes increased awareness of India’s strategic priorities and decision-making. Building on the Asia Society India Center’s deep networks in business and arts, we’re working to foster more holistic engagement in India and South Asia.

fiscal deficit quicker, both of which will be cheered by investors. On Wednesday, the Reserve Bank of India (RBI) announced a record 2.11 trillion rupees dividend transfer to the government, more than double New Delhi's and street estimates, leading to a decline in bond yields and a rise in equity markets. The surplus fund can help the new government, which will take charge after the current elections, bring down its fiscal deficit by 0.3% of gross domestic product (GDP) or increase spending on infrastructure or «populist» stimulus, Citi Research's Samiran Chakraborty said.

«Selling depends on whether you have some cash on the sidelines or not, because the longer-term prospects do not change. So, if you have 10-15% cash on the sidelines, then you do not necessarily need to sell,» says Sandip Sabharwal, asksandipsabharwal.com. What a magical Buddha Purnima it turned out to be, seems like the June 4th magic was struck yesterday itself. But where from here, do you think it is as good as it gets or do you think the short covering bout and maybe some long addition has only started now and the rally could very well have more legs to go? As always, I have maintained that what the Indian markets do because most markets globally are heavily overbought in a way will depend on global cues.

Adani Enterprises Ltd., the flagship of Indian billionaire Gautam Adani’s group, have erased all the losses inflicted by a scathing short-seller report in early 2023, after the conglomerate cut debt and landed major projects.The stock crawled back losses of more than $30 billion that came after US-based Hindenburg Research alleged wide-ranging corporate malfeasance and share-price manipulation at the ports-to-power conglomerate in January 2023. The group has repeatedly denied those allegations.The flagship’s stock rose 1.7% to 3,445.05 in Mumbai on Friday and has now almost tripled since its nadir in February 2023.