India Financial News

20.05 / 08:17

markets COST Booking Google Platform performer information 'We want to fix the language gap in AI language models', says Pranav Mistry

Mint. But there are some basic differences “in our approach to building these models", he insisted. First, unlike most other startups and companies that are building ‘local’ or ‘Indic’ LLMs for India by fine-tuning global LLMs, “we have built a foundational, and not a fine-tuned model," he said.

20.05 / 08:17

markets UPS Trade Experts country Department Rate Cut Gold hits new record high on rising US Fed rate cut expectations, renewed Middle East concerns

Also Read: Explained: Why are central banks accumulating gold in large quantities? In addition to the expectation of a rate cut by the US Fed, other major central banks are signaling their willingness to lower interest rates. Bank of England Governor Andrew Bailey hinted at possible rate cuts as soon as next month, while Sweden's central bank recently implemented its first interest rate cut in eight years. Emerging central banks are continuing their momentum in gold purchases, with China leading the way.

20.05 / 08:07

UPS Election Bill Diablo show song Boardwalk Lok Sabha poll in Mumbai: Show your ink to get 20% discount in THESE restaurants on May 20 and 21. Check list

Mumbai Lok Sabha Election 2024: RBI Governor Das urges people to vote "All participating Restaurants will offer a 20% discount on the total bill value to those dine-in customers who are residents as per their voter ID and have cast their vote with an inked finger," NRAI said. 1. Aegyo 2.

20.05 / 07:45

Crypto Trading crypto news RBI SEBI digital assets Crypto community regulatory SEBI considers regulatory role in crypto trading, diverging from RBI's approach. Here's what experts think

Securities and Exchange Board of India (SEBI) has recommended several regulators oversee crypto trade nationwide. This move has sparked considerable interest within India's crypto community, given the RBI's historically strict control over digital assets. It's important to highlight that since 2018, the RBI has maintained strict control over cryptocurrencies, forbidding banks and other regulated entities from facilitating crypto transactions. However, SEBI's recent proposal for a multi-regulator approach to oversee crypto trading has injected a sense of anticipation into the market.

20.05 / 07:43

markets UPS Action Election Experts Interviews Indian stock market will break records on June 4: PM Modi on Lok Sabha election results

Also Read: NSE, BSE shut today on account of Lok Sabha Elections Take a look at the Public Sector Undertakings (PSU) banks; their stock market valuation is rising. In an interview with NDTV Profit, PM Modi stated that the programmers who operate the stock market will become weary of the action on June 4. So, wait and see.

20.05 / 07:43

Aware Food fun hospital reports prevention Bengaluru news: ‘Smoky’ Paan perforates 12-yr-old girl's stomach; know health concerns of consuming Liquid Nitrogen Paan

Times of India reported an incident in which a girl complained of uncontrollable stomach pains after ingesting smoky paan. What initially appeared to be a fun activity involving liquid nitrogen became a nightmare for the 12-year-old girl. Last month, the girl reportedly developed stomach discomfort after consuming paan and was promptly rushed to the hospital.

20.05 / 07:43

Provident Citizens security economy Election Food NOT Welfarism: We’re not just beneficiaries but citizens and voters too

This story is possibly apocryphal, but nevertheless worth telling. Just after independence, Jawaharlal Nehru instructed his party workers to go to the masses in the hinterland and spread the good news. That the British had left, and we were a free nation now.

20.05 / 07:43

FIVE Ball wellness show Nita Ambani addresses Rohit Sharma - Hardik Pandya after ‘disappointing’ IPL 2024 campaign: 'Honor to wear…'

Mumbai Indians handle, Ambani said, “Disappointing season for all of us. Things didn't go the way we wanted them to, but I'm still a huge Mumbai Indians fan. Not just an owner.

20.05 / 07:43

UPS Provident FIVE BLOCK show Why the Centre’s PSE capex story isn’t as rosy as it sounds

The Indian Express last week, union minister for petroleum and natural gas Hardeep Singh Puri said that PSEs had utilized their profits for capex investment, and that as of February, public sector oil and gas companies were implementing projects with a combined investment of ₹5.67 trillion. But this is spread over several years, and the pace of growth would be a better indicator. One measure of PSE capex is ‘net block’, or the sum of a company’s assets on a given date, adjusted for depreciation.

20.05 / 07:43

markets Provident FIVE security information Features Understanding Mutual Funds: What are the different types of MFs available for investment in India?

Mutual funds are broadly categorised into five main types based on their underlying assets and investment objectives. These funds primarily invest in company stocks or equities. They are further classified based on market capitalisation (large-cap, mid-cap, small-cap).

20.05 / 07:43

markets UPS Digital Food Healthcare President VCs chase a pot of gold as India's growing affluent class goes premium

Mint. “However, the increase in the number of people who can afford and the change in consumer demand towards quality has prompted our investment thesis to evolve." Peak XV (formerly Sequoia India and Southeast Asia) recently invested $12 million in Mokobara. Its consumer portfolio includes petcare startup Heads Up For Tails, nutraceuticals seller Healthkart, and home improvement firm HomeLane.

20.05 / 07:43

markets FIVE Digital Booking economy performer innovations Axis Bank vs ICICI Bank: Which is the best Indian banking stock?

Banks wield immense power in the financial world, acting as modern-day gladiators in an arena where loans and deposits shape economies and personal lives. Gone are the days of dusty ledgers and long lines at teller windows. Today, the Indian banking industry is driven by innovation, adapting to serve a rapidly evolving population.

20.05 / 07:43

Election Death War country reports International Iran helicopter crash: Who was Ebrahim Raisi? Protégé of Iran's supreme leader Ali Khamenei

Ebrahim Raisi, Foreign Minister Hossein Amir-Abdollahian, and other officials, were found dead at the site of a helicopter crash on Monday, following an hours-long search through a foggy, mountainous area in the northwest of the country, state media reported. Newswire AP reported that Raisi has long been regarded as a protégé of Iran's supreme leader, Ayatollah Ali Khamenei, and a potential successor within the country's Shiite theocracy. The news of the helicopter crash, which Iran's state media referred to as a “hard landing" on Sunday, has drawn renewed attention to Raisi, who was under sanctions from the US and other countries for his alleged role in the mass execution of prisoners in 1988.

20.05 / 06:29

markets UPS IPO Digital Booking trends recommendations Go Digit IPO allotment expected tomorrow: Check latest GMP, listing date, other key details

Also Read: Go Digit IPO: Focus shifts to allotment date. Latest GMP, 6 steps to check status Ahead of the Go Digit IPO allotment date, let take a look at the Go Digit IPO GMP trend. Analysts at investorgain.com claim that the current GMP ( ₹22.50) is indicating a downward trend based on activity in the grey market during the previous 12 sessions.

20.05 / 06:29

markets UPS Election Research Trade Experts Will the Indian stock market continue its upward momentum this week? Here's what experts say

Also Read: Silver prices up 18% YTD; should you prefer silver to gold for investments? Furthermore, strong domestic buying, improved voter turnout in the fourth phase, and stability in crude oil prices also played significant roles in driving the market higher. Also, markets received a boost after US benchmark indices reached record highs. Metal stocks, on the other hand, surged significantly following China's announcement of a comprehensive stimulus package aimed at bolstering its distressed property market.

20.05 / 06:14

Citizens Remark Election RAI "He is my Uncle and must be proud of me": RJD candidate Rohini Acharya on Rajiv Pratap Rudy

Rohini Acharya on Monday, addressed her Bharatiya Janata Party (BJP) opponent, Rajiv Pratap Rudy, as "uncle" and sought his blessings for her electoral success.

20.05 / 06:13

Provident FIVE Death Latest on DA hike: 25% increase in gratuity due to dearness allowance hike kept on hold; here’s why

Employees' Provident Fund Organisation (EPFO) has opted to keep in «abeyance» the increase in retirement and death gratuity for workers, which is a blow to those employed by the government and organised sector. The maximum retirement benefit and death benefit were increased by 25%, from Rs 20 lakh to Rs 25 lakh, according to an order released on April 30, 2024 by the EPFO last month. A week later, on May 7, the retirement fund organisation released another circular saying that, effective immediately, the gratuity augmentation due to the rise in DA has been placed on hold. The decision's rationale has not been stated in the order.

20.05 / 06:13

UPS WhatsApp Mercury Department Heatwave conditions likely during day in Delhi, temperature expected to touch 45 degree Celsius

Delhi is likely to witness an uncomfortably hot Monday with the mercury expected to settle at 45 degrees Celsius during the day, the India Meteorological Department (IMD) said. Delhiites woke up to a warm morning with the minimum temperature settling at 29.2 degrees Celsius, three notches above the season's average, according to the IMD.

20.05 / 06:13

Matthews wellness trends Celebrity stage cricket bowling Co-hosts from the Caribbean aiming to defy history and win a third Twenty20 World Cup title

West Indies to two Twenty20 World Cup titles as a captain, Daren Sammy has to defy history to win again as a head coach.

20.05 / 05:29

markets SUN Opinion Experts recommendations Profiles This small cap mutual fund turns monthly investment of Rs 20,000 to Rs 1 crore in 10 years

Rs 20,000 turn your investment into Rs 1 crore? Yes. ETMutualFunds did some data crunching and found that a small cap fund actually managed to do just that. Quant Small Cap Fund Quant Small Cap Fund turned the monthly investment of Rs 20,000 to Rs 1 crore in a 10-year horizon. If an investor invested Rs 20,000 monthly in this small cap scheme starting from May 15, 2014, then the investor would have earned an XIRR of 27.24% in a 10-year period.

20.05 / 05:19

FIVE Merit Nestle Research Gillette Colgate-Palmolive Why royalty payout as a percentage of revenue needs to be relooked

Mint looked at seven companies that proxy advisory firms estimate to pay the most through royalty payments. In addition to the five mentioned above, Mint included two more companies, Procter and Gamble Health Ltd and Colgate-Palmolive Health Ltd, both of which pay more than ₹200 crore in royalty. All Indian companies pay royalties as a percentage of revenue.

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