India Financial News

Himanta Biswa Sarma on Saturday alleged that Congress leader Rahul Gandhi has been displaying the Chinese constitution at his rallies, instead of the Indian one. The BJP leader claimed that the book shown by Gandhi is with a red cover like the original Chinese constitution, whereas the original Indian constitution has a blue cover. «Rahul is displaying a red Chinese constitution to the people attending his meetings,» Sarma wrote on X. In response, several social media users said that the red-bound Constitution is a coat pocket edition, which has been presented to top Indian leaders, including the President and the Union Home minister.

ALSO READ: RCB vs CSK Live Score Updates, IPL 2024 According to the Met Centre Bengaluru of the India Meteorological Department, the chances of rain in Bengaluru on 18 May are 61 per cent, while the temperature is hovering around 28.4 degrees Celsius. The weather department also cited that the wind speed in Bengaluru is around 5.6 per cent. ALSO READ: IPL 2024 clash of the titans: Will RCB's '18 May' magic continue or will CSK crash the party? However, IMD issued an orange alert, predicting heavy to very heavy rainfall between 115-204 mm during May 18-20 in South interior Karnataka, Kerala, Mahe, Tamil Nadu, Puducherry and Karaikal.

Mint, two of the largest money managers in Europe opposed the decision of the board of Nestle India. “The performance of the company does not sufficiently demonstrate the benefits of the royalty payments over the years, which have grown at a rate higher than the company's revenues and net profit," said Legal & General Investment Management (LGIM), UK’s largest fund manager, managing $1.5 trillion of assets. Nordea Asset Management, the investment arm of the Nordic region’s largest bank, having $400 billion in assets under management, also opposed the resolution.

Also Read: Pakistan PM Shehbaz Sharif says all state-owned enterprises to be sold to private owners, blames lack of funds From the moment information about the incident was received, law enforcement agencies of the Kyrgyz Republic took prompt measures to detain persons involved in the event, both foreign citizens and citizens of the Kyrgyz Republic. Kyrgyz Republic said that the situation was completely under the control of the security forces and added that the safety of citizens and public order were ensured.

Vilangu, a police procedural set in a village near Trichy with its narrative marred by caste, culture and politics, is one of the better web series to come out of south India. In an interview to YouTube channel Galatta Plus last year, its writer-director, Prasanth Pandiyaraj, elaborated on the challenges facing long-form series creators in the south. He mentioned “Mumbai" at least three times.

Ujjivan Small Finance Bank doesn’t have an immediate plan to seek a universal banking licence despite becoming eligible, managing director Ittira Davis told ET. The bank’s gross non-performing assets ratio stood below 3% and net NPA ratio below 1% for two consecutive years, making it entitled to apply for a licence. «Next week, the process of reverse merger will be over. A call on universal banking will be taken later. We are not rushing for it,» Davis said.

INDIA bloc as the 'Bhanumati's clan', SP chief Akhilesh Yadav on Saturday claimed that the BJP's clan will disintegrate after June 4. On Friday, the prime minister addressed an election rally in Fatehpur and said, «Currently, four phases of elections have been held in the country. But, the common man has defeated the INDI Alliance in these phases only. Bhanumati's clan is falling apart, it has surrendered.» «No one wants to work hard in the remaining elections. The workers of INDI Alliance were already disappointed, (and) now they have stopped leaving their homes,» he added. Taking a jibe at the prime minister, Akhilesh Yadav, during an election rally in Balrampur on Saturday said, «After the four phases of elections, the BJP has already lost on all four fronts.»

India is on a mission to become the world's leading and the most sustainable producer of critical minerals, Vedanta group firm Hindustan Zinc's Chairperson Priya Agarwal Hebbar has said. Critical minerals, such as cobalt, copper, lithium, nickel and rare earths, play a crucial role in the production of clean energy technologies, from wind turbines to electric cars. Critical minerals are particularly in demand for the production of batteries for electric cars. Speaking at Bank of America Securities Global Metals, Mining and Steel Conference 2024 in Miami recently, Hebbar said the mining and metals sector will play a crucial role in helping the world meet the net-zero goals.

West Bengal Chief Minister and Trinamool Congress supremo Mamata Banerjee on Saturday claimed that the INDIA bloc will come to power in the 2024 Lok Sabha elections and BJP will «not cross the 200 mark» in the polls. She accused Congress, and CPI(M) of having entered into a nexus with BJP in the state to discredit the state government and asked the electorate not to vote for any non-TMC parties which will benefit the saffron camp. Addressing an election rally at Goghat under the Arambagh Lok Sabha constituency, Banerjee said «I had coined the name INDIA and at the national level we the coalition partners are all working together to resist the autocratic, demonic Narendra Modi government. TMC will play its role in installing the INDIA bloc to power.» «See what Modi is telling now — he is no more making tall '400 paar' seats by BJP. He can read the writing on the wall already. BJP will not cross even 200 tally. BJP will bite the dust,» she said.

Sundaram Home Finance expects the growth momentum to continue in the current financial year and would focus expansion into smaller towns, a top official has said. The city-based company, a wholly owned subsidiary of Sundaram Finance Ltd would also be exploring opportunities in Tier 4 towns in South India, Managing Director Lakshminarayanan Duraiswamy said. «Given that the small towns in the South Market are seeing a good pace of growth on the back of increased affordability, we continue to be positive on the outlook for the real estate sector and are hopeful that the growth momentum will continue,» he said in a statement. «Our focus will be to penetrate deeper into smaller towns. We will also look at exploring opportunities in Tier 4 towns in South India and expect these new locations to drive our growth this year,» he said.

workspace platform Smartworks has picked up an entire tower with 14 floors of office space spread over 6 lakh sq ft in Pune’s Balewadi through a long-term lease to set up a coworking center and expand its presence in the city. The company has leased the space for a total of 15 years in an upcoming commercial tower 43 EQ close to Balewadi High Street, taking its portfolio of managed workspaces in Pune to over 3 million sq ft. “Our growth in Pune has been outstanding and this expansion aligns with our aim to empower businesses by offering them tailored office solutions to boost productivity and foster growth in a professional, fully equipped and managed setting,” said Neetish Sarda, founder of Smartworks. The company is aiming to start operations at this new co-working hub in October and once live, the hub is expected to accommodate over 8,000 desks.

India Meteorological Department (IMD) has reported heavy to very heavy rainfall in isolated areas of Coastal Andhra Pradesh, Telangana, as well as heavy rainfall in isolated regions of Coastal & South Interior Karnataka, Tamil Nadu, and Kerala. This weather pattern is attributed to a cyclonic circulation over south Tamil Nadu and another over Rayalaseema & adjoining north Tamil Nadu, along with a trough running from south Chhattisgarh to the Comorin area. Over the next 7 days, widespread light to moderate rainfall with thunderstorms, lightning, and gusty winds (40-50 kmph) is expected over Tamil Nadu, Puducherry, Karaikal, Kerala, Mahe, Lakshadweep, south Karnataka, while Coastal Andhra Pradesh, Yanam, Telangana, and Rayalaseema may experience isolated to scattered rainfall with similar weather conditions. Also read: Kerala to receive heavy rains; IMD issues red alert in some districts for May 19, 20

Adityanath on Saturday hit out at the Congress over its alleged proposal to introduce inheritance, and said Mughal emperor Aurangzeb's soul has crept into the grand old party. He said the inheritance tax is like the 'jizya' tax imposed by Aurangzeb. Addressing a rally in Malegaon town in Maharashtra's Nashik district, he said the BJP is contesting elections not merely for power but to build a developed India. «There should be no doubt that Narendra Modi is coming back once again as the prime minister,» Adityanath asserted.

Vaghul, the banker who sowed the seeds of financial conglomerate ICICI, passed away today. He was 88. He was on the ventilator for the last two days at Apollo Hospital in Chennai, in critical condition. He was admitted to hospital after he fell and was unconscious, his family member told ET.

RCB vs CSK Live Score Updates, IPL 2024: The stage is set for one of the most crucial matches in the 2024 edition of the Indian Premier League (IPL) as Royal Challengers Bengaluru (RCB) goes against Chennai Super Kings on 18 May at the M. Chinnaswamy Stadium, Bengaluru. The match will decide if RCB's fight back from the bottom of the IPL 2024 points table will matter or if MS Dhoni's epic finishes will take Chennai Super Kings (CSK) in the IPL 2024 playoffs.

₹16.5 - 17.5 lakh crore in FY28. The growth is likely to be driven by favourable macroeconomic factors such as healthcare infrastructure and a structural shift towards an organised market. The industry saw some growth impact during COVID in FY21 as it grew 10% YoY to ₹8 lakh crore and subsequently a bounce-back in FY22, growing 15% YoY to ₹9.2 lakh crore, and normalized growth in FY23 at 15% YoY to ₹10 lakh crore.

Sebi has noted that, in view of the strong economic growth prospects of India, Indian securities offer an attractive investment opportunity for foreign funds, as a result of which, international indices, ETFs and mutual funds allocate a portion of their assets to Indian securities. ALSO READ | Investing in debt instruments? Learn how agencies give them credit ratings as Sebi releases master circular For example, MSCI Emerging Markets Index has 18.08 percent weightage to Indian securities, as on April 30, 2024 and JP Morgan's 'Emerging Markets Opportunities Fund' holds approximately 15 percent in Indian investments, as on March 31, 2024.

Motorola Edge 50 Fusion launched in India with Snapdragon 7s Gen 2 chipset: Price, specifications and more The Camon 30 5G is priced at ₹22,999 for the 8GB RAM/256GB storage variant and ₹26,999 for the 12GB RAM/256GB storage variant. Meanwhile, its more expensive sibling, the Camon 30 Premier 5G is priced at ₹39,999 for the single 12GB RAM/512GB storage variant. The company is also offering a ₹3,000 discount on the purchase of these devices (no cards mentioned yet), along with free goodies worth around ₹4,999.

IMD Update: The India Meteorological Department (IMD) on Saturday issued a red alert for ‘severe’ heat in Haryana, Punjab and Rajasthan over the next five days. The weather agency has also issued a red alert for ‘extremely heavy’ rainfall in parts of Kerala and Tamil Nadu from 19-21 May. In a post on X (formerly Twitter), the IMD also forecasted that the southwest monsoon will likely advance into the South Andaman Sea.

Indian Premier League 2024, will battle with the Ruturaj Gaikwad-led Royal Challengers Bangalore on 18 May at M Chinnaswami Stadium in Bengaluru. ALSO READ: RCB vs CSK Live Score Updates, IPL 2024 With everything at stake, from entering the qualifier to lifting the first IPL trophy in 17 years, RCB will not let the match slip away from its hands. Among the most exciting things is the date – 18 May.

Comedy of twinsThe Shri Ram Centre for Performing Arts (SRCPA) Repertory is staging 2 BY 2, written by Gulzar. An adaptation of William Shakespeare’s Comedy of Errors, the play follows the adventures of two sets of identical twins with identical names, Ashok and Bahadur. The adaptation has been successfully interpreted many times in theatre and cinema, such as the Sanjeev Kumar-Deven Verma starrer Angoor.