India Financial News

Attrition rate among MBA graduates hired directly from campus was the highest across disciplines in 2023, reporting the highest one-year (40 per cent) and two-year (38 per cent) attrition rates, showed a survey by Deloitte. Infant attrition was the highest among Graduate in Management (BBA /BCom /others) degree holders with 33% of fresh hires leaving organisations in less than a year of joining, showed data shared exclusively with ET from Deloitte’s Campus Workforce Trends 2024 survey.

India Meteorological Department (IMD) has issued a red alert for parts of Rajasthan, Punjab, Haryana, Chandigarh, Delhi, and West Uttar Pradesh. Over the next five days, severe heatwave conditions are expected, with temperatures likely to exceed 47°C in several areas. Temperature Predictions and Regional Impact Senior IMD scientist Naresh Kumar reported, «Temperatures are currently above normal across North West India, and we had issued a red alert for the region over the past 2-3 days. The maximum temperature is likely to inch further up from 45°C and settle at 47°C in Rajasthan.» In Punjab and Haryana, temperatures will gradually increase by 2 to 3 degrees after a slight drop due to a western disturbance. Uttar Pradesh also faces a red alert for the next five days, and an orange alert is issued for northern Madhya Pradesh.

CEO of Singapore Airlines on Wednesday issued a public apology following an incident of severe turbulence on a flight from London to Singapore, which resulted in one passenger's death and injuries to 30 others. In a video message, Goh Choon Phong expressed deep sorrow over the incident, stating, «We are deeply saddened by the incident» and extended apologies for the «traumatic experience» endured by all passengers on flight SQ321.

NEW DELHI : New Delhi: The administrators of insolvent companies have approached tribunals to reverse questionable pre-bankruptcy transactions of businesses worth over ₹31,000 crore from 131 cases in the March quarter in an effort to maximise the resources available for restructuring them, official data showed. With this, the number of such voidable transactions flagged before tribunals by debt resolution professionals has gone up to 1,237 at the end of March, estimated at ₹3.7 trillion, up from ₹3.39 trillion at the end of December, according to data from Insolvency and Bankruptcy Board of India (IBBI), the rule maker for the sector.

Pune city, had its permanent registration pending since March due to the owner's failure to pay ₹1,758 in fees, PTI reported. The vehicle in question was a luxury electric sports sedan, the Porsche Taycan, reportedly driven by a 17-year-old son of a well-known builder.

Buy or sell stocks for today: Domestic equity benchmarks Nifty 50 and Sensex witnessed cautious trade and settled flat in the previous session with most stocks suffering losses. Weak global cues from Asian and European markets, lack of fresh triggers, and the market's rich valuation capped further gains. The US Federal Reserve policy minutes, expected to be out later tonight, will offer investors hints on the timing and extent of interest rate cuts this year.

Sensex fell 52.63 points, or 0.07%, to close at 73,953.31, while the Nifty 50 settled 27.05 points, or 0.12%, higher at 22,529.05. “Despite FIIs selling and India Vix at elevated levels, markets have stabilized and we expect a gradual up-move going forward. Key events to watch this week – UK inflation data, US Existing Home Sales number and FOMC meeting minutes," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Sensex fell 52.63 points to close at 73,953.31, while the Nifty 50 settled 27.05 points, or 0.12%, higher at 22,529.05. Nifty 50 formed a bullish engulfing candlestick pattern with good volume on the daily chart, indicating strength in the index. Also Read: Indian stock market: 6 key things that changed for market overnight - Gift Nifty, US Fed to oil prices “On the 15-minutes chart, we can observe that the Nifty is now consolidating in a range between the 22,400 - 22,600 levels for the last two trading sessions.

Stock market today: The Indian stock market's key indices, Sensex and Nifty 50, maintained a stance of cautious trading on Tuesday, May 21st, as the majority of stocks experienced declines. The Sensex concluded the day with a marginal decrease of 53 points, or 0.07 percent, settling at 73,953.31, while the Nifty 50 saw a slight uptick of 27 points, or 0.12 percent, closing at 22,529.05. According to data on the BSE website, the market capitalization of companies listed on the BSE, reached a new high of $5 trillion, surpassing the $5 trillion mark for the first time this year and increasing by over $633 billion from the starting of this year.

₹30,000-31,000 crore in fiscal 2025," the first person said. APSEZ’s consolidated revenue in FY24 grew 28% year-on-year to ₹26,711 crore, and net profit jumped 50% to ₹8,104 crore. Both are record highs.

Top Events on May 22: India is set to witness various political, legal, technological, and sports events today, May 22, Wednesday. PM Modi will hold a Lok Sabha election rally in Delhi, while the weather office has issued heatwave alert till May 22. Take a look at top events of the day below, - Prime Minister Narendra Modi will address a public rally in West Delhi's Dwarka constituency to support the Bharatiya Janata Party (BJP) in the Lok Sabha elections on Wednesday.

central bank is expected to pay up to ₹1 lakh crore ($12 billion) as dividend to the federal government, economists said, a move that would boost New Delhi’s coffers and help meet its budget deficit target. The Reserve Bank of India’s central bank of directors is expected to meet this week and is likely to approve a dividend ranging between 800 billion to one trillion rupees, according to economists’ estimates. That compares with a transfer of 874.2 billion rupees last year and the government’s own target of 1.02 trillion rupees, which includes dividends from state-controlled banks.

Alphabet had announced in October last year that it will make Google Pixel smartphones in India. It's the only large global smartphone brand that was missing from the make-in-India drive in smartphones. Dixon's Pixel capacity will be 100,000 units per month with 25-30% to be exported as it makes a fresh attempt to gain market share in India, the world's second largest smartphone market. The Pixel 8 model accounts for almost 80% of all Pixels sold in India, executives said.

₹268.61 crore in an anchor book round a day before its initial public offerings (IPO) open for subscription. According to the exchange filing, the company allocated 70,13,483 shares to 32 anchor investors at the upper price band of ₹383 per equity share. “The IPO Committee of the Company at its meeting held on May 21, 2024, in consultation with the Book Running Lead Managers to the Offer, has finalized allocation of 70,13,483 Equity Shares, to Anchor Investors at Anchor Investor allocation price of ₹ 383/- per Equity Share (including share premium of ₹ 373/- per Equity Share)," The company further informed that 53.53 per cent of the total allocation to anchor investors were allocated to 12 domestic mutual funds.

Meta is unequipped to detect and label AI-generated ads, despite its new policy committing to do so, and its utter failure to stamp out hate speech and incitement to violence—in direct breach of its own policies," the report said. “Between 8-13 May, Meta approved 14 highly inflammatory ads. These (ads) called for violent uprisings targeting Muslim minorities, disseminated blatant disinformation exploiting communal or religious conspiracy theories prevalent in India's political landscape, and incited violence through Hindu supremacist narratives.

Samsung Galaxy Z Flip 6 has secured BIS certification, bearing the model number SM-F741B. Screenshots shared by the publication indicate that the certification was granted on Monday, May 20. While the BIS listing confirms the phone's launch in India, it does not divulge any specific details regarding its specifications.

Cochin Shipyards Share Price: Shares of India's largest shipbuilding and maintenance company rallied 14 per cent to hit a lifetime record-high mark during intra-day on Tuesday, May 21, three days ahead of announcing its January-March quarter results for fiscal 2023-24 (Q4FY24) results. The leading public-sector undertaking (PSU) will also declare a final dividend for FY24 on Friday, May 24, according to a regulatory filing to the stock exchanges.

Singapore Airlines flight that encountered a «sudden extreme turbulence» over the Irrawaddy Basin at 37,000 feet, the flag carrier of Singapore said on Tuesday. The traumatic incident in which the aircraft descended 6,000 feet in about three minutes, left a 73-year-old British man dead and more than two dozen other passengers injured. The British man, who was not yet identified, «likely» died from a heart attack, the General Manager of Suvarnabhumi Airport Kittipong Kittikachorn said.

Eris Lifesciences on Tuesday reported 29.5% jump in net profit to Rs 80 crore in Q4FY24 led by growth in sales of the domestic formulation business. The Ahmedabad-based drug maker reported net profit of Rs 61.5 crore during the corresponding quarter of the previous year.

trade agreement is hopefully not far on the horizon as it will offer immense opportunity to be leveraged within the bilateral partnership, said the new chair of a trade council that has played a key role in shaping the ongoing negotiations. UK-based tech professional Priya Guha, who invests in women-led innovation as Venture Partner of Merian Ventures, took over as chair of the Federation of Indian Chambers of Commerce and Industry (FICCI) UK Council from Baroness Usha Prashar at a hand-over ceremony at the High Commission of India in London on Monday evening. The India-UK Free Trade Agreement (FTA) negotiations opened in January 2022 and are aimed at significantly enhancing bilateral trade — currently worth around GBP 38.1 billion a year. The negotiations are now in their fourteenth round of talks, and likely to pick up pace following the Indian general election.

These innovative cleaning devices offer a range of benefits, from superior dirt removal and ergonomic design to efficient water wringing capabilities. By choosing a good spin mop for your needs, you can enjoy cleaner floors with less effort and time expended. In this article, we'll explore some of the best spin mops on the market, highlighting their features, and advantages.