India Financial News
23.05 / 12:47
Citi
film
performer
beautiful
song
Features
The radical honesty of 'Sister Midnight'
Sister Midnight, which premiered at the 2024 Cannes Film Festival. The film features a knockout performance by Radhika Apte as Uma, a disgruntled new bride left to her own devices in an overwhelming and chaotic new city by a recalcitrant husband she barely knows.
23.05 / 12:47
Platform
Airlines
security
Netflix
film
reports
Features
Crew OTT release date: Tabu-Kareena Kapoor-Kriti Sanon's movie to start streaming online
A post shared by Netflix India (@netflix_in)The movie revolves around the lives of three women who work as flight attendants. All of these women come from different backgrounds but face the same financial security problem.The film then shows that the three women decide to earn money by smuggling after their airline, Kohinoor Airlines, goes bankrupt.The trio has its ups and downs, but they ultimately emerge victorious.The film features Kriti Sanon as Divya Rana, Tabu as Geeta Sethi, and Kareena Kapoor as Jasmine.
23.05 / 12:47
Target
Instagram
social
IPL 2024: 'We're happy but...'; netizens react to KKR captain Shreyas Iyer's comment
Kolkata Knight Riders reaching the finals after defeating Sunrisers Hyderabad in the first qualifiers of the Indian Premier League on 21 May, the Shah Rukh Khan-owned franchise will face either SRH or Rajasthan Royals on Sunday.Now as IPL finals after just couple of days away, KKR skipper Shreyas Iyer's messages was posted by the franchise on its official Instagram profile.KKR wrote Iyer's message as, "We are happy but not yet satisfied but there is one more game to go."Here's the Instagram feed:A post shared by Kolkata Knight Riders (@kkriders)Md Faizan wrote, "Can Mumbai still qualify?"Another commented, "agr is bar kkr na jeeti to support krna bnd (sic)"Adarsh said, "Shreyas Bhai respect button""The target is set , let's conquer cheapuk again," one social media user wrote."Kkriders are ready to bring there 3rd trophy (sic)", said a netizen.Anaya commented, "Korbo lorbo jeetbo re
23.05 / 12:47
markets
UPS
Election
performer
reports
Nifty IT jumps 1.3% as Nifty 50, Sensex hit record high led by midcap names: Should you buy, sell or hold?
Coforge, Persistent, TCS, Mphasis, LTIMindtree, Infosys share prices gained up to 4%. The rebound in the IT index comes after having fallen up to 4.7% year-to-date and around 2.5% in Fiscal year, which provides some relief.
23.05 / 12:47
UPS
Corning
shooting
performer
Features
Videos
Sporting
Poco F6 with Snapdragon 8+ Gen 3 chip, 50MP OIS camera launched in India: Price, specs, launch offers and more
₹, in India and will compete with the likes of . The Poco F6 5G is priced starting at Rs. 29,999 for the base variant with 8GB RAM and 256GB storage.
23.05 / 12:47
markets
UPS
IPO
Platform
Airlines
Food
stage
Profits delivered: What Zomato’s sizzling results teach investors, VCs
₹175 crore for the quarter ending March, which was a 27% sequential growth over the previous quarter. The revenue growth of 8.3% was less than a third of the growth in profitability, which means that the levers of profitability are being unlocked. These are important indicators not just for Zomato but for the entire venture capital (VC) funded start-up ecosystem.
23.05 / 12:47
markets
UPS
Manufacturing
Google
stage
reports
Google Pixel 8 to hit Indian shelves as local manufacturing begins with Dixon Technologies: Report
Pixel 8 series appears to be accelerating. According to sources cited by the Economic Times, Dixon Technologies has started trial runs, setting the stage for the first batch of Indian-assembled Pixel 8 smartphones to be available by September potentially.Previously, the Google Pixel 8 series was produced in China and Vietnam.
23.05 / 11:47
Provident
Booking
Platform
trends
travelers
Schools
Destinations
Summer Getaways: Delhites rush to these refreshing destinatons amid heatwave and school holidays
school holidays, many are seeking to escape the heat by heading to cooler hill stations. This year, redBus, the world’s largest online bus ticketing platform, has reported a significant increase in holiday travel bookings. Hill stations like Manali, Shimla, and Dharamshala are becoming top choices for those looking to enjoy the serene beauty of the mountains. These destinations offer not only a break from the scorching heat but also a chance to indulge in various activities such as trekking, river rafting, and sightseeing. Families and solo travelers alike are flocking to these spots, eager to experience the lush landscapes and cool climates. The trend indicates that more people are opting for road travel to explore these picturesque locations, preferring the flexibility and adventure that bus journeys provide over other modes of transportation. With the charm of hill stations drawing large crowds, it's clear that many are taking advantage of the school holidays to create memorable summer experiences.
23.05 / 11:47
markets
Citi
Provident
Gap
Metro
hospital
travelers
Domestic travel, tourism sector ready to capitalise on upcycle: IHCL MD Puneet Chhatwal
travel and tourism sector is well-positioned to capitalise on an upcycle, driven by factors, including the demand-supply gap, penetration opportunities in Tier II and Tier III markets and rebound in foreign tourist arrivals, according to Indian Hotels Company Ltd Managing Director and CEO Puneet Chhatwal. In his address to shareholders in the company's Annual Report for 2023-24, Chhatwal said the Tata group hospitality firm is uniquely placed to capitalise on the opportunities provided by a dynamically growing industry. The company plans to make its 'Gateway' brand — a full-service hotel offering in the upscale segment targeting emerging micro markets in metros, Tier II and Tier III cities — 100 hotels portfolio by 2030, he added. «In India's evolving economic landscape, tourism has emerged as a powerful force driving not only economic growth but also forging a path towards a brighter and more inclusive future. With its rich cultural heritage and warm traditions, hospitality in India has undoubtedly arrived on the world stage,» he wrote.
23.05 / 11:47
23.05 / 11:47
markets
Research
wellness
Trade
Experts
track
recommendations
Nifty Bank zooms nearly 1,000 points. Here are important levels to track on Friday
Nifty Bank snapped a 2-day losing streak to close in the green with gains of nearly 1,000 points on Thursday. The Nifty Bank rose 986 points to close at 48,768, while Nifty50 hit a fresh record high of 22,993.
23.05 / 11:47
Citi
Election
Celebrity
social
musician
Schools
Colleges
Lok Sabha Elections 2024 bank holiday: In which cities are banks closed on Saturday, May 25 for Phase 6 of elections?
Banks will be closed in Orissa and Tripura on the occasion of Nazrul Jayanti on May 25. Banks in India are closed on Sundays, second, fourth Saturday’s of the month, as per the Reserve Bank of India's (RBI) regulations. Banks are open on the first and third Saturdays of every month.
23.05 / 11:47
markets
UPS
SUN
Enterprise
Updates
Pharmaceuticals
Stock market update: Sugar stocks down as market rises
Rana Sugars Ltd.(up 0.47%), Mawana Sugars Ltd.(up 0.37%), Kothari Sugars & Chemicals Ltd.(up 0.36%), Vishwaraj Sugar Industries Ltd.(up 0.32%), Rajshree Sugars & Chemicals Ltd.(up 0.24%) and Balrampur Chini Mills Ltd.(up 0.16%) stood among the top gainers.
23.05 / 11:47
Analysis
Align
pandemic
show
information
Department
Relationships
Household income, employment outlook returns to pre-pandemic levels
pre-pandemic levels, said a study by RBI economists. " The relationship between households’ sentiment on their own income and their view on overall employment scenario, although relatively high during the pandemic, has returned to pre-pandemic levels for all regions, with the strongest link observed in the northern region" said Sourajyoti Sardar, Aditya Mishra, Manu Swarnkar, and Tushar B. Das from the Department of Statistics and Information Management, Reserve Bank of India in their study published in the latest monthly bulletin.The views are personal views of the authors and do not represent the views of the central bank. It may be recalled that the COVID Pandemic between 2020 and 2022 almost derailed the economy not only in India but throughout the globe The study also reveals that overall spending is primarily driven by essential expenditures, which are mostly price inelastic, while non-essential spending shows less alignment with price levels. The higher income groups displayed more optimism post-pandemic.
23.05 / 11:29
Opinion
wellness
country
stars
cricket
bowling
Ravichandran Ashwin supports IPL 'impact player' rule: 'All bowlers will need to be hitters'
Indian Premier League, ace Indian spinner Ravichandran Ashwin supported the new change, requesting the bowlers to start working on their batting skills to meet the demands of the game, news agency PTI quoted JioCinema Match Centre Live.Aswhin was commenting because he didn't want to single out the impact player rule as the only contributing factor in high scores being recorded several times this IPL, which registered the 250-mark 41 times and the highest being 287.ALSO READ: Faf Du Plessis explains the reason for RCB's defeat against RR during the IPL 2024 eliminator: ‘With impact player…’"Even if the impact player rule wasn't there, scores would be this high," Ashwin said on JioCinema Match Centre Live on Wednesday, adding, "In my opinion, batters have more confidence and pitches everywhere have been standardised."He said, "In the future, all bowlers will need to be hitters because we know that no matter how well we bowl, we also need to be able to bat. The game is headed in that direction."Earlier, Indian skipper Rohit Sharma expressed his reservation regarding the impact player rule, arguing that it hampers the development of all-rounders in the country.
23.05 / 11:29
UPS
Aviat
Airlines
country
reports
travelers
IndiGo's net profit doubles to ₹1,895 crore in Q4 as travel demand soars
InterGlobe Aviation Ltd, which runs India’s largest airline IndiGo, more than doubled its net profit to ₹1,894.8 crore in the quarter ended March.The airline's total income rose 26.7% during January-March to ₹18,505.1 crore.Indigo also clocked its highest ever total income for the financial year ended March 2024 at ₹71,231.16 crore, up 27.5% year-on-year. Total income for the corresponding fiscal year was ₹55,881.41 crore.The company’s profit after tax rose to ₹8,172.46 crore during FY2024, against a net loss of ₹305.78 crore a year earlier.The airline beat the estimates of analysts.“For the full financial year 2024, we reported our highest ever total income of around 712 billion rupees with a net profit of around 82 billion rupees and a net profit margin of 11.9%.
23.05 / 11:29
markets
UPS
Waters
Interface
show
testing
rights
Paytm: Loan distribution business needs to hold the fort
₹100 crore in Q4FY24 but the numbers have to be adjusted for the accounting of unified payments interface (UPI) incentives from the government for user payments made directly from a bank account. Though part of operating income, the need for the adjustment arises because the payment for the whole year is reflected in Q4. Adjusting for this, Paytm saw a loss of ₹186 crore in Q4 at the Ebitda before ESOP level.
23.05 / 11:29
FIVE
Fighting
Election
HANS
President
country
Lok Sabha Elections 2024: All set for pitched capital battle as 7 Delhi seats vote in phase 6 this weekend
Lok Sabha Elections 2024 on May 25.The contest in the national capital has become interesting as it is a direct fight between the Bharatiya Janata Party (BJP) and INDIA bloc parties – the Congress and the Aam Aadmi Party (AAP).The Arvind Kejriwal-led AAP is contesting four seats while the Congress has fielded candidates in three seats as per the seat-sharing agreement. The BJP, which won all 7 seats of Delhi in 2014 and 2019 Lok Sabha elections, has dropped all but one Members of Parliament (MP) for the 2024 elections.All seven seats witnessed high-octane campaigns, rallies and roadshows by leaders of all political parties.
23.05 / 11:29
markets
UPS
Target
economy
Election
Experts
Nifty above 22,900: What next for the index as poll results approach? Experts advise what investors should do now
₹2.1 lakh crore dividend to the government. This development is a significant macroeconomic positive for the market, with direct implications for the fiscal deficit and bond yields."The infusion of funds is akin to an indirect rate cut for the economy, as it is expected to lead to a reduction in bond yields.
23.05 / 11:29
markets
Provident
Analysis
Align
show
performer
information
Best mutual funds to invest in 2024: Top-performing large, multi-cap, ELSS funds in last 5 years. Check here
Also Read: Top Mutual Funds: These are the best small-cap MFs to invest in 2024. Do you own any?Are you conversant with the investment philosophies of the fund house? Recognize the development and value-adding approach and guiding principles of fund management. Verify that they align with your investing goals and risk tolerance.
23.05 / 10:49
latest developments in India
What is the current situation in India?
In India, the spotlight is on local government initiatives that affect the region’s daily life.
Where can I find reliable news about India?
We publish reliable reports about the situation in India, based on information from trusted sources.
What shapes the media agenda in India?
The news landscape of India is shaped by key decisions by local authorities, reflecting its local way of life.