India Financial News

23.05 / 09:19
markets Cooper Trade country innovations rights International Singapore and Kazakhstan plan Eurasia to ASEAN trade & transit corridor
Singapore and Central Asia’s biggest state Kazakhstan are the leading transit hubs in their regions. This is one of the reasons why the two countries are establishing close economic ties that can stimulate growth and find new business opportunities. This will also boost India’s role as a link country between SE Asia and Eurasia as well as the Chabahar Port where India has gained management rights for 10 years. Kazakhstan is developing a Trans-Caspian international transport route that will connect the vast markets of Asia and the EU. Kazakhstan's cooperation with Singapore, a major international transport and logistics center, can help both countries improve the efficiency of transport links in Asia. Singapore has arrangements with Eurasian Economic Union to boost economic presence in Eurasia. In a world with a new geopolitical alignment, security and consistency of supply chains have become more important than ever. In this regard, Kazakhstan has enormous potential for the supply of rare earth metals, the demand for which is growing every day due to the development of green energy. These metals are also widely used in high-tech devices and electronics, in the manufacture of batteries and magnets, according to experts.
23.05 / 09:19
Target Remark Discover show exclusive Investigations "INDI Alliance formed to protect corruption": PM Modi takes a jibe at Opposition over 'targeted investigation' claim
Narendra Modi on Wednesday criticised INDIA bloc and said that it has been formed to protect corruption of ally parties. The remark came during his exclusive interview with Economic Times. When asked about the Opposition's claim that the government's anti-corruption drive is a targeted investigation, Modi responded, «These accusations from the Opposition seem to come from a fear of being caught and having their corruption exposed. »The fact is that INDI Alliance is a bloc that has been formed to protect each other's corruption, and the money that they looted from the citizens is there for everyone to see each time a corruption scandal is exposed," he added.
23.05 / 08:41
UPS Digital CEO security President reports stake Republican presidential Former Republican presidential candidate Vivek Ramaswamy takes a 7.7% stake in BuzzFeed
Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in BuzzFeed
23.05 / 08:35
markets COST FIVE Citizens Enterprise cover India insured by 2047: Insurance companies must be profitable to achieve this
In synchrony with the broader national intent of India becoming a developed nation, the Insurance Regulatory and Development Authority of India (IRDA) has embraced the laudable goal of “India Insured by 2047." The objective is to ensure that “every citizen has appropriate life, health and property cover and every enterprise is supported by an appropriate solution" and to make India’s insurance sector “globally competitive," as elaborated in a press release. Enthusiasm within the IRDA is palpable. Coordinated attempts are afoot to usher in regulatory changes and push insurance companies to reach out wider, especially to the rural uninsured, and diversify their product baskets to make insurance more accessible, affordable and relatable.
23.05 / 08:35
markets UPS Booking Manufacturing Election Food Experts Lok Sabha Election 2024: Nifty 50 may see a rally to 23,000, but can that last longer? Bernstein answers
Bernstein.Bernstein expects sectors such as infra, manufacturing, domestic cyclical, financials, and SOEs (state-owned enterprises) to lead, while consumer and IT will lag. For a few days, SMIDs (small and midcaps) may do better than large caps, said Bernstein.The final two phases of the seven-phase Lok Sabha election 2024 are scheduled for May 25 and June 1.
23.05 / 08:35
Digital Platform Enterprise WhatsApp wellness Instagram reports Chat-based e-commerce key priority for WhatsApp: Meta India head
Conversational commerce is essentially chat-based assisted shopping where online shoppers use chat platforms such as WhatsApp or Instagram to interact with and purchase goods or services. For instance, one can order a soundbar from JioMart Shop on WhatsApp, by going through the catalog of products available via a link within the chat app, complete the purchase on the JioMart webpage using any method, including opting for cash on delivery, and then track the delivery of the soundbar from within the chat.
23.05 / 08:35
markets UPS Citi CEO reports Starbucks India revenue up 12% in FY24, loss widens to ₹81 crore
₹81 crore and revenue from operations grow 12% in fiscal year 2024, according to TCPL's annual report released on Thursday. In fiscal year 2023 the coffee chain had reported a loss of ₹23.9 crore.
23.05 / 08:35
markets COST Target Manufacturing Metro trends Responsive Industries shares jumped over 145% in 14 months; should you invest now?
Responsive Industries, a leading manufacturer of PVC products with a 'buy' rating and a 24-month target price of ₹436 apiece, citing long-term growth opportunities in the vinyl tiles. The target price implies an upside of 44% from the stock's latest closing price of ₹302.
23.05 / 08:33
markets IPO Digital Platform security trends innovations Go Digit sees moderate listing, but analysts project optimism. What investors should do
Go Digit, the fast-growing general insurance company, listed at Rs 286 per share, translating to a 5% gain over the issue price of Rs 272. The listing fell short of expectations as the grey market trends suggested a potential gain of around 10%.
23.05 / 08:33
markets COST UPS Target security economy wellness How will RBI's Rs 2.11 lakh cr dividend payout to government help Indian economy? A Balasubramanian answers
«I think RBI has been building up the forex reserves which are essentially being invested in securities which are overseas sovereign securities. The bond yields generally have gone up. In US bond yields have remained in the range of about 4% to 4.5%, even up to 5% on a short-term has gone up to 5%,» says A Balasubramanian, MD & CEO, ABSL AMC. It is like a good birthday gift the economy has got. Nobody was expecting such a big fat dividend from RBI. And at least one lakh crore is something which has come as a surprise number. I mean 70,000, 80,000 crore is something which was anticipated and expected. Maybe one lakh crore was expected. But 2,10,000 crore, nobody was expecting. Why do you think Reserve Bank of India has given this dividend? I mean, what has changed on their balance sheet which has in a sense, prompted them to be so generous with the dividend payout? I think as you rightly put it, the average dividend declaration that used to happen every year somewhere in the range of about 65,000 to 80,000 crores numbers. And these are, of course, numbers, one, it came as a big surprise and second, there are reasons as well for that.
23.05 / 08:33
Flushing stage testing travelers International cricket bowling India, the biggest promotor of T20 cricket, is determined to end a World Cup title drought
cricket landscape, India boasts the richest and most-watched league in the world. Yet, all that investment and attention hasn't translated into international success for India's national team. Rohit Sharma's India squad travels to the T20 World Cup in the United States and Caribbean, hunting a second title to end a long drought. Undoubtedly, the Indian Premier League is flush with cash and talent, attracting the best cricketers worldwide. Since the advent of IPL, though, India hasn't lifted the World Cup trophy.
23.05 / 07:17
UPS security WhatsApp trends Trade Havells India shares up 0.26% as Nifty gains
Havells India Ltd. gained 0.26 per cent to Rs 1848.1 in Thursday's trade. It hit a high of Rs 1855.25 and low of Rs 1823.2 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1414.81, while the 50-DMA was at Rs 1594.25. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
23.05 / 07:17
UPS Provident Platform Mobile Sustainability country MG Motor India signs pact with Vertelo to deliver 3,000 EVs
MG Motor India on Thursday said it has signed an initial pact to deliver 3,000 EVs to integrated fleet electrification platform Vertelo in a phased manner. Both the entities have signed a memorandum of understanding to this effect. The partnership will focus on providing sustainable mobility solutions to riders and will also work towards establishing a robust EV charging infrastructure in the country, MG Motor India said in a statement.
23.05 / 07:17
markets Target FIVE Software MSCI stage inclusion India Playbook 2024: Aiming for a trillion dollars in forex reserves by 2029
India's economic trajectory over the next five years positions it as a prime target for global investments. This outlook is driven by a stable macroeconomic environment, robust earnings growth among Indian corporations, and increasing weightage in the MSCI Emerging Markets (EM) index. The inclusion of Indian debt in prominent Emerging Market Bond indices further enhances the attractiveness of India's investment landscape. With software services and remittances significantly contributing to foreign exchange (forex) inflows, India's forex reserves have reached unprecedented levels, setting the stage for ambitious future targets. Capital Account Inflows and Remittances:
23.05 / 07:17
UPS Target FIVE Election performer Interviews Communal & polarising or labarathi & Viksit Bharat? PM Modi breaks down ideas behind 2014, 2019 and 2024 campaigns
Opposition parties have been critical, of course, about the Bharatiya Janata Party and Prime Minister Narendra Modi for the recent electoral discourse, which they say is 'communal and polarising'. Yet, India’s top leader remains unfettered. The BJP stalwart believes he is merely showing the INDIA bloc a mirror. In an interview with The Economic Times, PM Modi spurned the allegations of the 2024 Lok Sabha campaign turning communal, polarising. «Perhaps, you find it polarising because you have not examined the crux of the matter. What is truly communal and polarising is the Congress party’s manifesto, their issues and their intent. It is my duty to expose them. Just because I am exposing them, you think it is polarising,» Modi said.
23.05 / 06:39
UPS Provident security Parke Discover country How to transfer or withdraw private pension plans from the UK, US
Mint takes a closer look at the rules in the UK and the US. One cannot access pension funds before the retirement age. It has to be either transferred to Qualified Recognised Overseas Pension Scheme (QROPS) in India or one can continue holding it till retirement in the UK.
23.05 / 06:39
Citi security Metro Election Department Schools Lok Sabha Elections in Delhi: What's open and what's closed on polling day?
INDIA bloc, comprising Congress and the Aam Aadmi Party (AAP). The national capital will vote in a single phase for all seven constituencies on May 25 in the ongoing Lok Sabha elections. Several restrictions, including a 48-hour ban on liquor sales, have been imposed, given the polling in Delhi on Saturday.
23.05 / 06:15
wellness film composer song reports Courts rights 'Manjummel Boys' producers get legal notice from Ilayaraja over 'Kanmani Anbodu' song
Ilayaraja has issued a legal notice to the producers of the Malayalam movie "Manjummel Boys" for using a song he composed for the Kamal Haasan-starrer "Guna" (1991) without authorization. The notice is directed at Soubin Shahir, who also played a significant role in the film, as well as Babu Shahir and Shawn Antony of Parava Films. Ilayaraja asserts his legal, moral, and special rights over the song "Kanmani Anbodu Kaadhalan," stating that he retains the right to pursue legal action for the improper and unauthorized use of his original musical work in the movie. «Manjummel Boys,» a Malayalam survival thriller, has been streaming on Disney+ Hotstar since May 5. Written and directed by Chidambaram, the film premiered in theaters on February 22 in Kerala and Tamil Nadu, receiving widespread acclaim from both audiences and critics. The movie went on to become the highest-grossing Malayalam film, earning over Rs 200 crore and surpassing the record set by «2018,» India's official entry to the 2024 Academy Awards. Disney+ Hotstar has made the film available in multiple languages, including Hindi, Tamil, Telugu, Malayalam, and Kannada. Also read — 'Manjummel Boys' OTT review: Netizens label Malayalam blockbuster as 'Must Watch'; where to watch
23.05 / 06:15
markets UPS WhatsApp Trade show reports GAIL shares up 0.32% as Nifty gains
GAIL (India) Ltd. traded 0.32 per cent up in Thursday's trade at 11:16AM (IST). Around 724,870 shares changed hands on the counter. The scrip opened at Rs 202.35 and touched an intraday high and low of Rs 203.25 and Rs 199.55, respectively, in the session so far. Shares of the company of GAIL (India) Ltd. quoted a 52-week high of Rs 213.7 and a 52-week low of Rs 103.2.
23.05 / 06:15
Action security Election country shock Courts Videos Prajwal Revanna sexual assault case: MEA processing Karnataka govt's request to cancel diplomatic passport
Siddaramaiah writes to PM Modi to cancel Hassan MP's diplomatic passportA Special Court for Elected Representatives issued an arrest warrant on Saturday against Prajwal following an application moved by the SIT.Concurrently, Karnataka Chief Minister Siddaramaiah has also written to Prime Minister Narendra Modi, requesting him to cancel Hassan MP Revanna's passport.The Karnataka CXM said that it is shameful that Revanna fled the country on April 27, 2024, to Germany using his diplomatic passport shortly after news of his heinous actions emerged and just a few hours before the first FIR was filed against him.Prajwal Revanna case: No objection to action against grandson, says Deve Gowda"I write to you once again to draw attention to the grave series of incidents that Prajwal Revanna has been accused of committing. These incidents have not only shocked the conscience of the people of the State of Karnataka but have also caused a nationwide concern," he said.Prajwal Revanna and his father HD Revanna are facing a probe by an SIT constituted by the Karnataka government over allegations of sexual harassment and criminal intimidation following a complaint by a woman who worked in their household.HD Revanna leaves jail today on conditional bail | WatchRecently Bengaluru court granted interim bail to HD Revanna after he secured a conditional bail in the kidnapping case linked to the 'obscene video' case.The main plea bail will be heard on Friday at 3 pm.Prjawal is the grandson of former India's Prime Minister HD Deve Gowda.Prajwal, who contested as the NDA candidate in the polls from Hassan, reportedly left the country on April 27, a day after the polls.
23.05 / 06:15
economy Election country Interviews Relationships US envoy Eric Garcetti calls India's Lok Sabha Elections 2024 ‘very inspiring’: ‘Extraordinary to see…’
Also Read: Lok Sabha Election 2024: Complete list of 58 seats voting in Phase 6 on May 25As a first-time observer of Lok Sabha elections in the country, Garcetti has called the stupendous execution of Lok Sabha elections campaigning and voting “very inspiring".“It's extraordinary to see the world's largest democracy execute the biggest election in the world and we've seen incredible, vibrant campaigning, we've seen parties, we've seen rallies, and it's something, just as a first-time observer, that is very inspiring to see. So, you know, I wish India and Indians luck," Garcetti told ANI in an interview.

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