India Financial News
19.05 / 15:09
Provident
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Passengers recall harrowing moments of Air India Express flight catching fire
PTI, "Everyone got scared and cried loudly." ALSO READ: Emergency landing at Bengaluru airport: Air India Express flight catches fire, lands at airport with 179 onboard She even lauded the crew members for displaying the responsibility in evacuating the passengers from the flight after it made an emergency landing at Kempegowda Airport. "They were very responsible. They assisted us in exiting.
19.05 / 15:03
Target
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wellness
Sunrisers Hyderabad defeat Punjab Kings by four wickets in IPL
Sunrisers Hyderabad crushed Punjab Kings by four wickets to end the league phase of the Indian Premier League with 17 points here on Sunday. Chasing 215, SRH overhauled the target with five balls to spare after opener Abhishek Sharma hammered a 28-ball 66 (6x6s, 5x4s). SRH were also bolstered by contributions from Rahul Tripathi (33), Nitish Reddy (37) and Heinrich Klaasen (42) along the way. Earlier in the contest, Punjab Kings were helped by Prabhsimran Singh's quick fire 71 as well as useful contributions from opener Atharva Taide (46) and Rilee Rossouw (49) to post 214/5 on board.
19.05 / 15:03
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electronic
Attero plans to invest over Rs 8,000 crore in 5 years to ramp up e-waste, battery recycling capacity
Electronic waste and battery recycling company Attero plans to invest around Rs 8,300 crore in the next five years to ramp up its capacity, the company's CEO and Co-Founder Nitin Gupta said. At present, the company has the capacity to recycle up to 1,44,000 tonnes of electronic waste (e-waste) and 15,000 tonnes of lithium-ion battery annually. «In the next five years, we will obviously be investing roughly around USD 1 billion overall, including all forms of capital — debt, equity and sort of other non-diluted forms of capital,» Gupta told PTI. He said that the company is growing 100 per cent year-on-year and gradually increasing capacity.
19.05 / 15:03
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Rajnish Kumar and Mohandas Pai to leave Byju's advisory panel
State Bank of India chief–and Mohandas Pai–previously CFO at Infosys– will not be renewing their contract to be part of Byju's board advisory council, sources familiar with the matter said. This adds to the series of troubles the edtech firm finds itself in since last year. Pai and Kumar’s contract ends on June 30 and they are not renewing the contract, people briefed on the matter said. Both Pai and Kumar joined the advisory council following Byju's investors–Peak XV Partners, Prosus and Chan Zuckerberg Initiative–leaving the board of the company last year.
19.05 / 15:03
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Kharge's posters defaced in front of Bengal Congress HQ after his snub at Adhir Ranjan
Congress chief Adhir Ranjan Chowdhury for questioning TMC supremo Mamata Banerjee's loyalty to the INDIA bloc, several posters and hoardings of Congress president Mallikarjun Kharge were defaced with ink in front of the party's state headquarters here on Sunday. Unidentified persons also wrote 'agent of Trinamool Congress' on Kharge's posters and hoardings. Sources in the Congress said that Chowdhury, who is in his hometown Baharampur, expressed displeasure over the incident and asked party workers to lodge a police complaint, which was registered, and the defaced posters were also removed. «The incident might have happened on Saturday night. This is the handiwork of the TMC which wants to create differences between senior Congress leaders and Adhir Ranjan Chowdhury,» a party leader alleged.
19.05 / 14:19
security
economy
President
country
electronic
Investors Still Flocking to Vietnam Despite Political Upheaval
(Bloomberg) — Over the past few years, Vietnam’s anti-graft drive has taken down a slew of top Communist Party leaders, including presidents, deputy prime ministers and Politburo members. But that hasn’t stopped foreign investors from pouring in cash.
19.05 / 13:07
PINK
film
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International
Kiara Advani trolled for 'Fake Accent' during Cannes appearance, netizens call it cringe: Watch viral video
Kiara Advani recently attended an event on the sidelines of the Cannes Film Festival, catching everyone’s attention not only with her stunning pink and black gown but also with her unexpected accent during an interview. The actress spoke to the media on the red carpet of the Red Sea Film Foundation's Women in Cinema gala dinner, and her new accent quickly became a topic of conversation.
19.05 / 13:07
19.05 / 12:47
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Finance in India has a new bogey called private credit
₹65,000 crore, 108 deals) during calendar 2023, compared with $5.3 billion (close to ₹43,500 crore, 77 deals) in 2022. Two deals stood out: a 3-year, ₹1,723-crore refinancing deal for the Shapoorji Pallonji Group and a ₹711-crore refinancing loan for Vedanta Group. In fact, it is believed that a large chunk of the private credit in India during the past few years was earmarked for refinancing stressed real estate loans.
19.05 / 12:47
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Of pirates, hard drives and cinephilia in India
Jules and Jim, Wings of Desire, Metropolis, Notorious—bought between the ages of 21 and 26 at hole-in-the-wall shops in Mumbai and Chennai but most often in the dank underground of Delhi’s Palika Bazaar. There was an unvarying routine: you would ask for foreign films, be offered porn, explain that you meant the other kind of foreign film, bargain half-heartedly, and stumble into the sunlight clutching Renoirs and Kitanos that may or may not play when you got home. It had all the unreliability and exhilaration of a drug deal.
19.05 / 12:47
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Deloitte
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Byju’s woes worsen: Rajnish Kumar, Mohandas Pai to step down from advisory panel
MUMBAI , BENGALURU : Rajnish Kumar and T.V. Mohandas Pai do not intend to continue on the advisory panel of Byju’s parent company, Think & Learn Pvt. Ltd, after their one-year tenure ends on 30 June, presenting the latest setback to the embattled online tutor.
19.05 / 12:47
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Food
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In a pickle: Why it’s time for Fssai to wake up and crack the whip
Mint. The agency did not respond to Mint’s query on if any products were recalled or if licenses were cancelled in the past five years, for not complying with food laws. It also did not disclose any names of errant food makers.
19.05 / 12:47
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'Let better sense prevail': Angry Rohit Sharma schools IPL broadcasters for breach of privacy
Star Sports not to air his chat. In the video, the 'Hitman' noted that his previous conversation—with former Mumbai batter and current KKR coach Abhishek Nayar—had caused controversy. He added that he didn't want to go through the same ordeal again.
19.05 / 12:47
COST
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Manufacturing
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JSW Steel expects margins to improve in FY25 on cooling input costs: Joint MD
₹24,541 crore in January-March, against ₹23,905 crore in the same period of FY23. The company’s consolidated Ebitda, or earnings before interest, tax, depreciation, and amortization, dropped 15% sequentially to ₹6,124 crore. Its operating margin stood at 13.2% during the quarter.
19.05 / 12:47
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boating
Ex-Army commander claims he ‘blew up’ Lord Mountbatten in 1979
Daily Mail. Lord Earl Louis Mountbatten, a World War II hero and second cousin of Queen Elizabeth II, was India’s Last Viceroy. Hayes claimed that he, not Thomas McMahon, who was convicted of the crime in November 1979, was behind the killing of Lord Mountbatten.
19.05 / 12:31
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Marvell
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Poonawalla Group to construct commercial tower in Pune's Bund Garden at Rs 1,750 crore
Poonawalla Group has announced that it plans to construct a commercial tower in the Pune's Bund Garden area with an estimated value of Rs 1,750 crore. «This forthcoming architectural marvel is poised to become a hub for prominent corporate entities, both domestic and international, seeking a strategic presence in the city. The tower aims to redefine Pune's skyline while offering state-of-the-art facilities to its occupants,» the company said in a statement. The company said it plans to complete the project by 2026. «Poonawalla Towers is one of our many real estate projects in the pipeline. Our vision is not just to build structures but also to shape the country’s future. The design reflects a masterful blend of classic and contemporary aesthetics. These elements are merged with the experience of one of India’s leading development managers, Amar Builders and MOCO Design Studio,» Yohan and Michelle Poonawalla said.
19.05 / 12:31
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Congress, RJD leaders did not attend Ram temple consecration because of 'Ghushpathiye' vote bank: Amit Shah
INDIA bloc leaders, Union Home Minister Amit Shah on Sunday accused the Congress and RJD leaders of not attending the Ram temple consecration ceremony in Ayodhya due to their 'Ghushpathiye' (infiltrator) vote bank. Addressing an election rally at Bettiah in West Champaran district in support of BJP's Sanjay Jaiswal, who is seeking re-election from Paschim Champaran Lok Sabha constituency, Shah said, «Congress and RJD were against the construction of the Ram temple in Ayodhya from the very beginning. Invitations for the ceremony were sent to them, but they did not come because of their 'Ghushpathiye' vote bank.» Shah accused Congress and RJD leaders of being scared that attending the ceremony would offend their vote bank. He also criticised the Congress-led opposition for raising fears about Pakistan's atomic power, stating, «Congress leader Manishankar Aiyar and ally Farooq Abdullah tried to scare us by saying that we cannot take back PoK because Pakistan has atom bombs. PoK belongs to India. It will remain so. We will claim it back.»
19.05 / 12:31
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Egyptair looks to operate daily services connecting Delhi, Cairo
traffic between Egypt and India, Egyptair is looking to operate daily flights connecting Delhi and Cairo, according to a senior executive. Currently, the Egyptian carrier, which started operations in India more than four decades ago, has nine weekly flights to Cairo. Out of them, five flights are from Mumbai and the remaining four are from the national capital. «We hope to operate daily flights from Delhi to Cairo,» the airline's Country Manager Amr Aly told PTI on Sunday. He said that air traffic between the two countries has improved and there is also transit traffic to other places.
19.05 / 12:31
UPS
Election
students
Universities
consequences
reports
UK PM Rishi Sunak faces revolt over plans to scrap Graduate Route visa: Report
post-study visa which allows graduates to stay on and work for up to two years after their degree course as part of efforts to curb soaring legal migration figures despite strong opposition from some of his ministers, a report claims on Sunday. According to 'The Observer' newspaper, Sunak is facing a Cabinet revolt over plans to scrap the Graduate Route scheme, the definitive factor for choosing UK universities among Indian students who have topped the tally of these post-study visas since it was launched in 2021. Downing Street is said to be considering «further restricting or even ending» the route despite the independent Migration Advisory Committee (MAC) declaring it was not being abused and that it should continue as it helps UK universities make up for financial losses on the domestic front. «Sunak is now finding himself caught between the demands of right-wingers with one eye on the Tory leadership and Conservative moderates who fear the consequences of a lurch to the right on the party's reputation and election chances,» claims the newspaper, quoting sources close to ministers who oppose scrapping the visa.
19.05 / 12:31
UPS
security
Election
students
Schools
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Schools and colleges shut in these states on polling day for Phase 5 of Lok Sabha Elections
Lok Sabha elections, being conducted in seven phases, continue with Phase 5 on Monday, May 20. This phase will see 695 candidates contesting in eight states and Union Territories. The Election Commission (EC) announced the poll schedule on March 16, with voting spanning from April 19 to June 1, and vote counting set for June 4. The elections aim to elect 543 members to the 18th Lok Sabha. The Lok Sabha, India's lower house of Parliament, comprises 545 seats, with elections held for 543 of them. The final two members are nominated. Schools, colleges shut on polling day As the nation prepares for Phase 5, the Election Commission has emphasized the importance of safety and smooth electoral operations. Schools and colleges will be closed on polling day to ensure the security of students, teachers, and staff. Many educational institutions serve as polling stations, and their closure facilitates the smooth conduct of elections without disrupting regular academic activities.
19.05 / 12:31
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Hooghly Lok Sabha Election 2024: Date, schedule, key candidates and other details
Hooghly constituency will see an intense clash between the parties for the Lok Sabha elections on May 20, marking the fifth phase of the electoral process. To elect 42 members of Lower House of Parliament, West Bengal will witness voting across all seven phases, spanning from April 19 to June 1. Hooghly Lok Sabha Election 2024: Important dates The election results will be announced on June 4, 2024. Hoogly will see voting on May 20. Hooghly Lok Sabha Election 2024: Candidates
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