India Financial News

Payal, an Indian woman from Punjab, celebrated her 16th wedding anniversary by purchasing a raffle ticket with money gifted by her husband, Harnek Singh. This decision led to a $1 million win in the Dubai Duty-Free (DDF) Millennium Millionaire series 461. The Lucky Ticket Payal bought the winning ticket, number 3337, online on May 3. She shared, «The money I used to buy the winning ticket came from my husband, who gifted me Dh1,000 on our wedding anniversary. I picked the ticket with the most number 3s in it.»

ANI): Indian Army Chief General Manoj Pande said that the ancient Indian wisdom is rooted in a 5,000-year-old civilizational legacy, where immense value is attached to knowledge. «The ancient Indian wisdom is rooted in a 5,000-year-old civilizational legacy, where immense value is attached to knowledge. This legacy is exemplified by a vast repository of intellectual literature, the world's largest collection of manuscripts and nurturing of a multitude of thinkers and schools, across various domains,» Pande said at a seminar on 'Historical Patterns of Indian Strategic Culture' in New Delhi on Tuesday. Pande said that 'Project Udbhav', was conceptualized with the idea to «rediscover the profound Indian heritage of statecraft and strategic thoughts, derived from ancient texts of statecraft, warcraft, diplomacy and grand strategy and introduce relevant teachings into the present-day military».

Tax harvesting involves strategically selling investments at a loss to offset capital gains and reduce tax liability. By realising losses, investors can decrease their taxable income, potentially saving money on taxes. This technique is commonly used to optimise investment portfolios.

Chennai Super Kings (CSK) captain MS Dhoni said that even though he does not play cricket throughout the year, there is no «discount for age» when he plays in the Indian Premier League (IPL). The 42-year-old Dhoni played for CSK in the ongoing IPL 2024, under the leadership of Ruturaj Gaikwad, to whom he handed over the captaincy ahead of this season. His team crashed out of the playoffs race after a loss to Royal Challengers Bengaluru (RCB) on Saturday. CSK finished at the fifth spot with seven wins, seven losses and 14 points and crashed out of the final four race due to an inferior net run rate. Speaking in a video on Dubai Eye 103.8 YouTube channel on Monday, Dhoni said, «The toughest thing is… I am not playing cricket throughout the year. So I have to be fit. Once I come, you are competing against youngsters who are fit and playing international cricket. Professional sport is not easy, nobody gives you a discount for age. If you want to play, you have to be as fit as the other guy. Age does not really give that grace to you. So, eating habits, a bit of training and all those things are there. Social media, thankfully, I am not on social media, so there's less distraction.»

Colgate-Palmolive (India) Ltd. fell 0.8 per cent to Rs 2669.3 in Tuesday's trade as of 12:22PM (IST) even as the benchmark Nifty ruled at 22536.2, up 34.21 points. The scrip had closed at Rs 2690.9 in the previous session. The stock quoted a 52-week low of Rs 1567.65 and a high of Rs 2961.15. The company quoted a market-cap of Rs 73436.12 crore on the BSE.

finance ministry is likely to raise the CPSE dividend estimates by Rs 5,000 crore to around Rs 53,000 crore for the current fiscal in the full budget to be presented in July. In the interim budget 2024-25, the government had pegged dividend estimates from non-financial central public sector enterprises (CPSEs) at Rs 48,000 crore for the current fiscal. «The estimates may go up by about Rs 5,000 crore in the final budget to be presented in July,» an official told PTI. The interim budget estimates were based on the estimates in December 2023, and January 2024, and the estimates in the full budget will be higher as we have a better picture of the dividend now, the official added.

Gensol Engineering on Tuesday announced the appointment of Shilpa Urhekar as Chief Executive Officer (CEO), Solar EPC (India). Urhekar will succeed Ali Imran Naqvi, who has been nominated to oversee the growth of Gensol Engineering Ltd and its subsidiaries, the company said in a BSE filing. Before joining Gensol, Urhekar served as the Country Head (India) at Sterling and Wilson Renewable Energy Ltd (SWREL), where her tenure saw successful bidding and execution of 6 Gigawatt (GW) renewable energy projects. She managed the multi-gigawatt Solar EPC projects across India.

Delhi will observe dry days from 6 PM on May 23 to 6 PM on May 25, due to the upcoming Lok Sabha Elections 2024. This decision, mandated by the Election Commission of India (ECI), aims to maintain public order and ensure a fair and peaceful election process. Directive from the Election Commission The ECI has directed that all wine shops and bars in the affected constituencies, as well as adjacent constituencies, will remain closed during this period. «All wine shops and bars will be closed on polling day to maintain public order,» stated the ECI directive. This measure is crucial for preventing any disruptions on election day.

digital banking, fraudsters continuously devise new tactics to deceive them. Instances of banking-related scams have been increasing, prompting numerous banks, such as the State Bank of India (SBI), to caution their customers about these fraudulent activities. They also provide guidance on taking precautions against the growing number of emerging scams. For example, SBI recently issued a warning about a scam involving the distribution of an Android Application Package (APK) to users under the guise of redeeming SBI reward points and the precautions to take. Let us look at some of the frauds that big banks in India have been warning customers about and how one can stay safe. Also read: «Rs 15,000 credited to a/c XXXXX9082»: This 'bank message' could be a scam; how to identify, save money

JSW Cement, a part of $24.25-billion JSW Group, on Tuesday said it plans to invest around Rs 3,000 crore to set up a cement manufacturing facility in Rajasthan’s Nagaur district. The new facility will be funded by a mix of debt and equity, the company said. The investment in the new facility will have a clinkerization unit of up to 3.30 MTPA (million tonnes per annum) and a grinding unit of up to 2.50 MTPA, a statement from JSW Cement said, It added that the new plant will have an 18 MW waste heat recovery-based power generation system.

INDI alliance has been completely defeated in the fifth phase of the 2024 Lok Sabha elections polling which was held on Monday. PM Modi also said that India of the 21st century can't march ahead with the «sins» of the INDI alliance. Addressing a public meeting in Bihar's Champaran. PM Modi said, «In the fifth phase, the INDI alliance has been completely defeated. India of the 21st Century cannot move forward with the sins of the INDI alliance. And that is why in every election the public is strongly attacking parties like Congress and RJD. On June 4, there will be an attack on corruption, politics of appeasement, tukde tukde gang...»

Salman Khan has a new fanboy and its none other than ‘Shark Tank India’ judge Aman Gupta! The co-founder and CMO of boAt, recently met the ‘Dabangg’ star at a event in Dubai. The duo chatted amicably with one another and even posed for some photos! The entrepreneur later took to Instagram to drop the pictures and wrote, “Uii Maa, Salman Khan. Amar Prem nahee Aman Prem.” This is a reference to Khan’s 1994 movie ‘Andaz Apna Apna’ which also starred Aamir Khan. Incidentally, both Kha and Gupta are seen in indigo blue and black outfits in the picture. The photos went viral on the image and video sharing website, crossing 193K likes. Reacting to the picture, one Instagram user quipped, “Shark with tiger, rare combo i must say!” “Two hero in one frame..” gushed another.

Hindustan Times report, CSK coach Fleming was the board's first choice to appoint as India's head coach after the T20 World Cup, however, the former Kiwi skipper expressed his reluctance to commit untill 2027. Sources also told HT that Fleming had made it clear with the BCCI in the initial discussions, after which the board started to look for other options inclduing Gautam Gambhir, Ricky Ponting, Justin Langer, Mahela Jayawardene.

car loans, you can make a savvy, informed decision and ensure your new car doesn’t become a financial speed bump. (Source: Paisabazaar; Rates and charges as of 20th May 2024)Bank of Maharashtra is offering a 0.25% interest rate concession for existing housing loan borrowers and corporate salary account holders. Similarly, Indian Overseas Bank provides a 0.50% interest rate concession to borrowers with credit scores of 800 and above, while those with credit scores between 750 and 799 receive a 0.25% concession.

Delhi is in the grip of an intense heatwave, with temperatures crossing 47 degrees Celsius, prompting the India Meteorological Department (IMD) to issue a 'red alert' for the next five days. This scorching weather has pushed the city's peak power demand to unprecedented levels for May, leading to the immediate closure of schools by the Delhi government. Unprecedented Heatwave Grips Delhi The capital has been experiencing a relentless rise in temperatures, with Sunday recording the highest temperature this summer at 44.4 degrees Celsius. Saturday saw temperatures at 43.6 degrees Celsius, a significant increase from Friday's 42.5 degrees Celsius.

India’s small businesses last year. Among various costs, staff costs and materials were the costs that caused the most harm to small businesses in 2023, findings by global accounting body CPA Australia revealed in its latest survey. To cover increasing expenses and support business growth, many Indian small businesses sought external funds, the survey noted. “68% sought external funds last year, dropping 20 percentage points from 2022. However, reflecting strong growth expectations, 81% plan to access finance this year,” it stated. The survey, which collected views from 4,222 small businesses in 11 Asia-Pacific markets across Australia, Mainland China, and Malaysia, also included 505 respondents from India.

Balkrishna Industries Ltd.(up 9.44 per cent), Samvardhana Motherson International Ltd.(up 2.01 per cent), Exide Industries Ltd.(up 1.09 per cent), Maruti Suzuki India Ltd.(up 0.47 per cent) and Tata Motors Ltd.(up 0.32 per cent) were among the top gainers.

Mankind Pharma Ltd.(up 1.74 per cent), Divi's Laboratories Ltd.(up 1.18 per cent), Biocon Ltd.(up 1.12 per cent), Cipla Ltd.(up 0.98 per cent) and Sanofi India Ltd.(up 0.92 per cent) were among the top gainers.

It is not too difficult to do this nowadays if the employer maintains EPF accounts either with the Employees' Provident Fund Organisation (EPFO) or in an exempted trust. Transfer requests can be submitted online on the Member e-Sewa portal — irrespective of whether the transfer is happening within EPFO or from EPFO to an exempted trust or vice versa. Also Read: You could lose Section 80C benefit on EPF contribution due to this

Bohra Industries Ltd.(up 2.14%), Madras Fertilizers Ltd.(up 2.09%), Khaitan Chemicals & Fertilizers Ltd.(up 1.78%), Mangalore Chemicals & Fertilizers Ltd.(up 0.54%), Sikko Industries Ltd.(up 0.45%), Southern Petrochemicals Industries Corporation Ltd.(up 0.33%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.26%) and National Fertilizers Ltd.(up 0.20%) were among the top gainers.

Honasa Consumer Ltd.(up 5.12%), Future Consumer Ltd.(up 4.77%), JHS Svendgaard Laboratories Ltd.(up 0.81%), Adani Wilmar Ltd.(up 0.79%), Varun Beverages Ltd.(up 0.19%) and Britannia Industries Ltd.(up 0.02%) were among the top gainers.