India Financial News

23.05 / 01:57
WhatsApp Celebrity Schools rowing Buddha Purnima 2024: From banks to offices, what's open and what's closed
Buddha Purnima 2024: Buddha Purnima or Buddha Jayanti commemorates the birth of Lord Gautam Buddha. The holiday, also known as Vesak, is a yearly celebration observed on the first full moon of the Hindu calendar month Vaishakha.Buddha was born around 563 BC in Lumbini (present-day Nepal) as Prince Siddhartha Gautam.
23.05 / 01:51
markets Target NVIDIA wellness Experts reports recommendations Buy or sell: Vaishali Parekh recommends three stocks to buy today - May 23
Also Read: Wall Street today: US stocks drift ahead of Fed minutes, Nvidia drops as investors await earningsOn Wednesday, the fear gauge India VIX fell 1.6% to 21.5, indicating minimal volatility in the Indian stock market. With the domestic market's medium-to-long-term outlook remaining solid, investors' attention has shifted from election-related concern to stock fundamentals.According to a CNBC news report, members of the Federal Reserve expressed a lack of confidence in their ability to proceed with interest rate cuts down as they were increasingly concerned about inflation during their most recent meeting.The Federal Open Market Committee's April 30-May 1 policy meeting minutes, which were made public on Wednesday, revealed that policymakers were unsure of when it would be appropriate to ease.Also Read: Top Events on May 23: PM Modi in Punjab, Odisha on cyclone alert, heatwave in Delhi, and moreAccording to Parekh, the Nifty 50 has witnessed a steady rise in the last 3–4 sessions, reaching the 22,600 zone with bias maintained positive and with active participation witnessed from the broader markets as well in recent times.
23.05 / 01:51
Fighting Remark Election President rap rights Lok Sabha Elections 2024: ‘ECI is wrong,’ says P Chidambaram on poll body's rap over Rahul Gandhi's Agniveer poll plank
Agniveer scheme in poll season.Chidambaram's remark come a day after the poll panel asked the Congress party to ensure that its leaders don't indulge in ‘political propaganda’ involving activities of the defence forces.“ECI is wrong in directing the Congress party not to 'politicise' the Agniveer scheme. What does 'politicize' mean? Does the ECI mean 'criticise'?" Chidambaram, the former Union Home Minister, said in a post on X on May 23.The poll panel had also asked the party president Malikarjun Kharge to ensure that the leaders do not make statements which give ‘false impression’ that the Constitution "may be abolished or sold".
23.05 / 01:51
UPS awards Everest Videos peace mountaineering On this day: Key events in history on May 23, India's first woman to scale Mount Everest to China's Tibet invasion
Also Read: Viral video: BSF Jawan roasts papad in sand amid severe heatwave; netizens reactBachendri Pal became the first female Indian mountaineer to climb Mount Everest successfully on May 23, 1984. She was born on 24 May 1954.
23.05 / 01:51
markets UPS CEO NVIDIA Trade Videos Nvidia profits soar over 600%, revenues above 200% as shares top $1,000 after 10-for-1 split announcement. Key highlight
Also Read | Wall Street today: US stocks drift ahead of Fed minutes, Nvidia drops as investors await earningsHere are the top 10 highlights from Nvidia's resultsNet income surged to $14.88 billion in the first quarter ended April 28, up more than sevenfold from $2.04 billion a year earlier.Revenue tripled to $26.04 billion from $7.19 billion in the previous year's quarter.Also Read | Nvidia earnings could spark $200 billion swing in shares, options showAdjusted earnings per share of $6.12 exceeded Wall Street's expectations of $5.60.Nvidia announced a 10-for-1 stock split.Also Read | An Nvidia co-founder’s latest bet: Making ‘Quantum Valley’ in New YorkThe company increased its dividend to 10 cents per share from 4 cents.Shares rose over 7% in after-hours trading to $1006.89.Also Read | Data Patterns India Q4 Results Live : profit falls by 7.97% YOYNvidia now boasts the third-highest market value on Wall Street, behind only Microsoft and Apple."The next industrial revolution has begun," CEO Jensen Huang declared.Huang predicted companies will use Nvidia chips to build "AI factories" producing "artificial intelligence."He said AI models are becoming "multimodal" and able to "reason and plan.""Training AI models is becoming a faster process as they learn to become 'multimodal' — that is, capable of understanding text, speech, images, video and 3-D data — and also 'learn to reason and plan,'" Huang added, as quoted by AP.Analysts praised Nvidia's performance, with Jacob Bourne of Emarketer remarking, "Nvidia defies gravity again." While tech giants aim to reduce dependence on Nvidia's AI hardware, "they're not quite there yet," Bourne said, as quoted by AP.(With Inputs from AP)Milestone Alert! Livemint tops charts as the
23.05 / 01:51
film Actor shooting hospital reports Updates Shah Rukh Khan health updates: SRK discharged from Ahmedabad's hospital after suffering from heat stroke, says report
Shah Rukh Khan hospitalised after KKR vs SRH match, wife Gauri reaches AhmedabadThe Jawan actor was in Ahmedabad for two days to attend the playoff match of IPL between his team Kolkata Knight Riders (KKR) and Sunrisers Hyderabad (SRH). The King Khan was accompanied by his daughter Suhana Khan, younger son AbRam, and manager Pooja Dadlani.
23.05 / 01:51
security Election Celebrity country Features Top Events on May 23: PM Modi in Punjab, Odisha on cyclone alert, heatwave in Delhi, and more
Top Events on May 23: Prime Minister Narendra Modi will start the Lok Sabha election campaign for the Bharatiya Janata Party (BJP) in Punjab on Thursday. Cyclone Remal forming in the Bay of Bengal is expected to impact Odisha today.
23.05 / 01:51
Provident Remark Election Lok Sabha Elections: ‘Will resolve Gyanvapi, Krishna Janmabhoomi cases’, Assam CM Sarma urges voters for 400 seats
Gyanvapi and the Krishna Janmabhoomi case if the saffron party comes to power with over 400 seats in the Lok Sabha elections 2024. His remarks came during a public meeting in Jharkhand's Bokaro to support BJP candidate Dhullo Mahto. He listed the promises fulfilled by the Bharatiya Janata Party after winning more than 300 seats in the 2019 elections, saying Ram Lalla returned to his throne in Ayodhya on ‘Pran Pratishtha’ day, Article 370 was abrogated in Jammu and Kashmir, and CAA was brought to provide permanent Indian citizenship to minority Hindus from Pakistan, Afghanistan and Bangladesh.
23.05 / 01:51
UPS Target Man Citizens Justice Department Courts Pannun case: Prague can extradite murder plot suspect Nikhil Gupta to US
Czech constitutional court on Wednesday said it had allowed the extradition of an Indian citizen suspected of involvement in an alleged plot to kill a Sikh separatist in the United States. The US Justice Department last November charged Indian citizen Nikhil Gupta with plotting to assassinate a Sikh separatist leader Gurpatwant Singh Pannun on US soil.
23.05 / 01:37
Provident Trade country rights Chabahar Port to reduce Afghanistan’s dependence on Karachi: Kabul
Chabahar Port close on the heels of a pact that gave India 10 years management rights over the port, Taliban has welcomed the initiative and noted that the port will provide an alternative to Pakistan's Karachi Port. The Taliban led government also is exploring a special zone in the Chabahar Port for international trade. Zabihullah Mujahid, the spokesperson for the Islamic Emirate, has said, «We are in favor of better economic relations with all countries, and the Chabahar port should be expanded. The more activity there is in Iran's Chabahar port, the more economic stability in the region is strengthened, benefiting Afghanistan, and we support it.»
23.05 / 01:37
BLOCK Metro WhatsApp Food Trade beautiful reports Stocks in news: ITC, IndiGo, Grasim, Power Grid, Nykaa, Gland Pharma
ITC, IndiGo, Grasim, Power Grid, Nykaa, Gland Pharma among others will be in focus due to various news developments and quarterly earnings. ITC, IndiGo, Honasa, Tata Investment Shares of ITC, IndiGo, Honasa and Tata Investment will be in focus as the companies will announce their fourth quarter results today.
23.05 / 01:37
BLOCK WhatsApp stake Granules promoter Chigurupati sells stake
MUMBAI: Promoter Krishna Prasad Chigurupati has liquidated some of his shares in Granules India on Wednesday in a block deal on NSE.
23.05 / 01:37
COST UPS economy Election show Liquidity deficit surges to four-month high
liquidity, as measured by bank borrowings from the Reserve Bank of India (RBI), has widened to the highest level in four months as tax outflows and constraints on government spending amid elections have left lenders with a cash crunch, pushing up overnight borrowing costs. The latest RBI data showed that as of May 21, net liquidity injected into the banking system was at ₹2.55 lakh crore, the highest since January 30. Fund injections by the RBI reflect banks' borrowings from the central bank's liquidity windows.
23.05 / 01:37
Citi Platform Mobile country Schools Profiles Wealth management firm Finvolve closes maiden funds at Rs 100 crore
Finvolve, a joint venture of India Accelerator and Finolutions, has closed its two maiden funds at a total corpus of Rs 100 crore, founder Apoorva Vora told ET. The Mumbai-based angel investment firm takes a unique approach and curates a deal flow of startups to wealth managers only, for them to be able to make returns for their clients.
23.05 / 01:37
markets UPS FIVE Opinion country GenAI may help Indian workers save 51 million hours a week by 2026: Pearson study
Generative artificial intelligence (GenAI) has the potential to help Indian workers save 51 million hours a week by 2026, a study by learning company Pearson has said. Generative AI can boost workplace productivity by helping workers deal with their routine and repetitive tasks that often take up their day and lead to burnout, according to the latest instalment of Pearson’s Skills Outlook series, ‘Reclaim the Clock: How Generative AI Can Power People at Work’.
23.05 / 01:37
markets Action security WhatsApp Research Trade Pre-market action: Here's the trade setup for today's session
«Investors would now focus on Nivida earnings, US Fed meeting minutes, and UK inflation which will be released late today. Overall, we expect positive sentiments to continue in the market,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.
23.05 / 00:59
markets cover recommendations Updates Data Patterns India Q4 Results Live : profit falls by 7.97% YOY
₹12.7 for Q4, which increased by 11.24% Y-o-Y.Data Patterns India has delivered 7.32% return in the last 1 week, 72.13% return in the last 6 months and 70.65% YTD return.Currently, Data Patterns India has a market cap of ₹17781.07 Cr and 52wk high/low of ₹3443.9 & ₹1564.95 respectively.As of 23 May, 2024, out of 5 analysts covering the company, 2 analysts have given a Hold rating, 1 analyst has given a Buy rating, and 2 analysts have given a Strong Buy rating.The consensus recommendation as of 23 May, 2024, was to Buy.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹71.1CrQuestion : What is Q4 revenue?Ans : ₹182.29CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world
23.05 / 00:25
markets security WhatsApp Trade President show reports Are concerns over F&O retail activity overblown?
retail trader participation in stock futures and options overblown? Exchanges and stock brokers may have a reason to believe so. According to NSE data, the value of trades by retail investors who traded less than ₹10 lakh in a month as a percentage of total equity F&O turnover of ₹46.25 lakh crore in March was 0.6%. Options turnover in the total F&O turnover has been calculated on the basis of the premium and not the strike value (which is used by NSE and BSE to calculate their turnover officially).
23.05 / 00:25
WhatsApp information Financial Financial services, IT top on FPI selloff list in May
Indian equities worth ₹27,258 crore across 14 sectors between May 1 and 15, as per NSDL data. Financial services and information technology sectors witnessed the highest selloff in the same period. Foreign investors offloaded shares worth ₹9,687 crore and ₹5,574 crore in the financial services and IT sectors, respectively. In April, the two sectors witnessed selling of over ₹9,000 crore each. In 2023, financial services had received foreign inflows worth ₹52,900 crore while IT saw selling worth ₹7,066 crore. The construction sector witnessed foreign selling worth ₹3,811 crore in the first half of May after they bought shares worth ₹280 crore in April. Oil & gas and fast-moving consumer goods (FMCG) also saw foreign selling worth ₹2,808 crore and ₹1,158 crore respectively.
23.05 / 00:25
WhatsApp Bottomline Grasim Q4 revenue at record Rs 37,727 crore
cement and financial services businesses, Grasim Industries clocked in a 13% growth in its consolidated revenue for the March quarter, which took it to an all-time high of ₹37,727 crore. While operating profit of the flagship company of the Aditya Birla Group jumped by a little over a fourth to ₹6,196 crore during the quarter, also an all-time high, the net profit remained flat on year at ₹1,370 crore. Adjusted for an exceptional item charge of ₹538 crore, the bottomline rose by two-fifths on year.
22.05 / 20:59
markets show performer Updates Arfin India Q4 Results Live : profit falls by 15.89% YOY
₹0.14, marking a 12.09% decrease year-on-year.Arfin India's stock performance in the last week showed a return of 4.41%, while it delivered returns of 27.05% in the last 6 months.

breaking news about India

What is the current situation in India?

In India, the spotlight is on socially significant developments that affect the region’s daily life.

Where can I find reliable news about India?

We publish in-depth coverage about the situation in India, based on information from official representatives.

What shapes the media agenda in India?

The news landscape of India is shaped by major cultural and social events, reflecting its unique context.