India Financial News

22.05 / 14:41

FIVE Election Highways country beautiful Interviews INDIA Alliance will get clear majority in Lok Sabha polls, candidate of the biggest party will be PM: Jairam Ramesh

Lok Sabha polls, Congress general secretary Jairam Ramesh has said that «the candidate of the biggest party will be the PM» as happened in 2004 and the name would be announced soon after the results. In an interview with ANI, Jairam Ramesh also talked of the party's demand for a Joint Parliamentary Committee probe into the "Modscam", saying that a INDIA bloc government will form the committee within a month. He said INDIA Alliance will get «a clear and decisive» mandate in the Lok Sabha polls.

22.05 / 13:11

markets COST SUN reports Pharmaceuticals Gland Pharma Q4 Results: Firm misses profit view on higher employee costs

Gland Pharma reported fourth-quarter profit below estimates on Wednesday, as soaring employee expenses outweighed strong demand in its core markets. It reported a consolidated net profit of 1.92 billion rupees ($23 million) for the quarter ended March 31, missing analysts' average estimate of 2.41 billion rupees as per LSEG data.

22.05 / 12:07

Election film beautiful stars reports ‘Not a beauty contest’: On INDIA bloc's PM candidate, Jairam Ramesh says ‘name will be announced within hours…’

Also read: Lok Sabha elections 2024: Rahul Gandhi lost Amethi, will lose Raebareli too, says PM Modi "It is not a beauty contest between persons. We are a party-based democracy. The question is which party or alliance will get the mandate...

22.05 / 12:07

markets SUN performer concert reports Pharmaceuticals Q4 results: Sun Pharma beats profit estimates, declares dividend of ₹5 per share

Hyderabad: Indian drugmaker Sun Pharmaceutical Industries posted fourth-quarter profit above estimates on Wednesday, helped by strong performance in its key U.S. and domestic markets. The company reported a consolidated net profit of ₹2,655 crore ($318.9 million) for the quarter ended March 31, compared to analysts' average estimate of ₹2,368 crore as per LSEG data.

22.05 / 12:07

markets IPO security hospital reports travelers Updates Oyo withdraws draft IPO papers, to refile after refinancing $450 million loan

BENGALURU : Oravel Stays Ltd, the parent of travel and hospitality firm Oyo, has withdrawn its draft red herring prospectus (DRHP) from markets regulator Securities and Exchange Board of India (Sebi), with plans to refile after refinancing its $450 million loan. The Softbank-backed firm pulled back the offer document on 17 May, according to a filing with Sebi. The company aims to refile papers for its initial public offering (IPO) as soon as the refinancing of the $450 million loan is completed, which is expected by the next quarter, according to a person familiar with the development.

22.05 / 12:07

markets security Strategy Election Experts consequences Lok Sabha elections 2024: Indian stock market to be disappointed if BJP falls short of PM's 400-seat prediction— experts

Also Read- Will Indian share market continue to correct before Lok Sabha election 2024 result? Experts list out 28 stocks to buy Sunil Damania, Chief Investment Officer of MojoPMS, echoed a similar view. “The prevailing expectation is that the BJP will achieve a majority; the primary debate concerns how this majority will compare to their previous performance," he observed. In February, Prime Minister Modi asserted in Parliament that the BJP would secure 370 seats and the NDA would obtain 400 seats, Damania noted.

22.05 / 12:07

markets UPS Target Healthcare country reports International Metropolis Healthcare aims to expand to 1,000 towns, eyes north and east India

Mint. The Mumbai-based company has a strong foothold in the southern and western parts of the country, and is planning to bolster its presence in the northern and eastern regions. It's targeting Uttar Pradesh, Uttarakhand, Madhya Pradesh (MP), Assam, Telangana, and Andhra Pradesh (AP).

22.05 / 12:07

Digital Adventure Research wellness social travelers mountaineering This Summer, Explore These Tips for an Unforgettable Road Trip!

1. Research well before you head outBefore you embark on your adventure, identify a broad area you want to explore - it could be a mountain, coastal trail, or anywhere else you have been planning to visit. You could even look through some blogs, online travel forums, or social media platforms for ideas from fellow travellers who have shared their offbeat discoveries.

22.05 / 12:07

markets UPS Extreme Platform wellness Cycling performer Sundaram MF's new CEO on why adaptability is key for active fund managers

₹56,666 crore worth of investor assets, according to Amfi data. As one of the oldest fund houses, Sundaram MF is the 20th largest in India by assets under management. For Anand Radhakrishnan, who is at the steering wheel, it’s a full-circle moment.

22.05 / 12:07

UPS Art Maxim Instagram stage International Fresh flowers take centre stage in the great Indian wedding

kaner or kanakambaram. The stringing technique in the South is very different from the North. So people are mixing techniques and flowers and even including fabrics, gota and ghungru," says Narain.

22.05 / 12:07

markets UPS Manufacturing wellness Trade 2020 Multibagger Penny Stock: IEL jumped 4900% in 4 years but declined for all 5 months this year; should you invest?

₹0.14 in May 2020 to ₹7 currently. However, it has witnessed strong correction in the last one year and in 2024 YTD (year-to-date) as well. The stock has declined over 52 percent in the last 1 year and over 32 percent in 2024 YTD.

22.05 / 10:59

security consequences reports Personal loans: Missed your payment? Here are the consequences you may face

Missing personal loan payments won’t land you in jail, but it can cause significant financial stress and damage your future credit opportunities. Here’s what can happen:

22.05 / 10:59

markets UPS Election Experts Diversity recommendations Lok Sabha Election 2024: Will interest rates and fixed income market see impact? Expert say this...

As the 2024 Lok Sabha Election is underway and Prime Minister Narendra Modi seeks a third term, investors are preparing for more market ups and downs. Will India’s election impact future interest rates and the fixed-income market? In an episode of Market Talks focusing on Secrets of Fixed Income Investing, Dhawal Dalal, Chief Investment Officer of Fixed Income at Edelweiss MF, sheds light on the fixed income market, also called the bond market.

22.05 / 10:43

markets UPS Enterprise Trade Updates International Stock market update: Nifty Auto index falls 0.13%

Shares of Balkrishna Industries Ltd.(up 2.0 per cent), Apollo Tyres Ltd.(up 1.69 per cent), Samvardhana Motherson International Ltd.(up 1.3 per cent), Eicher Motors Ltd.(up 0.49 per cent) and Maruti Suzuki India Ltd.(up 0.47 per cent) ended the day as top gainers in the pack.

22.05 / 10:43

markets UPS Food Healthcare hospital Updates Stock market update: FMCG stocks up as market rises

Sheetal Cool Products Ltd.(up 8.44%), Emami Ltd.(up 4.60%), Future Consumer Ltd.(up 4.55%), Bajaj Consumer Care Ltd.(up 2.88%), Tasty Bite Eatables Ltd.(up 2.81%), Dabur India Ltd.(up 2.72%), Procter & Gamble Hygiene & Healthcare Ltd.(up 2.54%), Hindustan Unilever Ltd.(up 2.44%), Tata Consumer Products Ltd.(up 2.42%) and Marico Ltd.(up 2.13%) stood among the top gainers.

22.05 / 10:43

UPS security Remark Research Trade country Rupee closes tad higher, off six-week peak on importers' dollar demand

Indian rupee ended slightly stronger on Wednesday after dollar demand from local importers prompted the currency to shed gains from a six-week high hit earlier in the session. The rupee closed at 83.28 against the U.S. dollar, marginally stronger than its close at 83.3050 in the previous session. The rupee climbed to an intra-day peak of 83.2250, its highest since April 10.

22.05 / 10:43

markets IPO Booking security MakeMyTrip travelers Schools Ixigo receives Sebi clearance for IPO

Le Travenues Technology, which operates online travel portal Ixigo, has received clearance from the Securities and Exchange Board of India to raise funds through an initial public offering, according to a notification by the market regulator on Wednesday. The Gurugram-based company had filed its initial IPO papers in February, with a proposal comprising an issue of fresh shares worth Rs 120 crore and an offer for sale (OFS) of 66.67 million shares by its existing shareholders. The selling shareholders included Elevation Capital (earlier Saif Partners), Peak XV Partners, and founders Aloke Bajpai and Rajnish Kumar, as per the draft red herring prospectus (DRHP).

22.05 / 10:41

markets security wellness electronic innovations Customers How does RBI's cash disbursal limit affect gold loan customers and businesses?

₹20,000 for gold loan customers has stirred discussions across the financial sector. This directive aims to regulate cash transactions in the gold loan segment and address concerns related to transparency and accountability. This article reviews the implications of the RBI's advisory on both customers availing gold loans and businesses operating in the gold financing landscape.

22.05 / 10:41

economy pandemic recommendations RBI announces record dividend of ₹2.11 lakh crore to Government for FY24

₹2.11 lakh crore to the Government of India for the financial year 2023-24. It was announced in the 608th meeting of the Central Board of Directors of Reserve Bank of India, which was held today, May 22, in Mumbai under the Chairmanship of Shri Shaktikanta Das, Governor.

22.05 / 10:41

Cooper Mobile information reports travelers Bangladesh MP found dead in Kolkata: From India visit to murder, here's how things unfolded - 10 crucial points

PTI quoting family friend Gopal Viswas in Kolkata's Bidhannagar. His mobile messages exchanged with his family in Dhaka and his friend in Bidhannagar, indicated his intended journey to Delhi. According to the complaint dated May 18, 2024, PTI reported that on the morning of May 16, he (Anwarul Azim) called his assistant, but could not connect.

22.05 / 10:41

Manufacturing Tesla Experts 2020 prevention Courts rights Delhi High Court to hear Tesla vs Tesla Power case next on 28 May

filed the lawsuit to prevent Telsa Power from using the "Tesla" trademark. It argued that Tesla Power's use of the trademark in India was causing confusion among consumers and potentially harming its business interests. It claimed Tesla Power not only had a similar trademark but also advertised itself as an EV company in newspapers.

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