India Financial News

India well positioned to leap ahead of developed worlds with AI: Sundar Pichai He added that despite being "smart", many students fail to focus on the fundamentals. Mayya then asked Pichai to share advise for budding software engineers on how to prepare for the future. Sundar Pichai vows action on OpenAI's Sora YouTube training amid legal storm Citing Aamir Khan's film 3 Idiots, Pichai said, "Real success comes from understanding things in a deeper way".

Also Read: Bank Holidays: Are banks open THIS Saturday, May 18? Check details Aris International, BSEL Algo, BDH Industries, CDG Petchem, Coastal Roadways, Deco Mica, Epic Energy, EMA India, Glance Finance, Gujarat Industries Power Co., IRIS Business Services, IFGL Refractories, JHS Svendgaard Laboratories, Shilp Gravures, Manaksia Aluminium Company and Prithvi Exchange (India) will also release their Q4 results today. Other companies to report their Q4 results today include Madhucon Projects.

«If you just go over the last six months, one year, two years, three, five, it is very consistent that India and the US, these are the only two parts of the world which actually have growth and you have momentum in the markets,» says Ashi Anand, Founder & CEO, IME Capital .

global markets, the Indian stock market on Saturday opened on a positive note with Sensex reclaiming the 74,000 level and Nifty crossing the 22,500 mark. Volumes are expected to be low in the market on Saturday as it is a special trading day as part of a disaster recovery exercise. The session is divided into two parts — from 09:15 am to 10 am and 11:45 am-12:40 pm.

Russia and India on visa-free tourism will begin in June, according to a senior Russian official. «India is at the final stage of internal state coordination,» Nikita Kondratyev, director of the Russian Economic Development Ministry's Department of Multilateral Economic Cooperation and Special Projects, said on the sidelines of the International Economic Forum «Russia — Islamic World: KazanForum 2024» in Kazan. Both sides will sign a pact for visa-free tourism this year, he said, adding that the first discussion on a draft agreement is scheduled to take place in June and a signing is expected by the end of the year.

Rishi Sunak and his wife, Akshata Murty, has experienced a remarkable surge, exceeding 120 million pounds in growth over the past year, thus elevating their combined wealth to a substantial 651 million pounds, UK-based broadcasting network iTV reported. The latest annual Sunday Times Rich List revealed their wealth grew substantially despite the wider UK billionaire boom coming «to an end» in the face of tough economic conditions.

Delhi experienced scorching temperatures on Friday, with the mercury reaching a blistering 47.4 degrees Celsius in the Najafgarh area, according to the India Meteorological Department (IMD). This made Najafgarh the hottest place in the country. The extreme heatwave led to eight stations in Delhi surpassing the 45-degree mark, leaving residents struggling in the sweltering conditions. In response to the forecasted heatwave, an orange alert has been issued for the city, indicating the expectation of heatwave conditions in certain areas over the next two days.

monsoon rains will lead to better crop yields and boost rural demand. Motorcycle manufacturers, farm-equipment makers and producers of fast-moving consumer goods have rallied following forecasts of timely and above-normal monsoon rains in 2024, after extreme and unseasonal heat wreaked havoc on Indian agriculture in the last two years. Sales volumes in rural areas are improving and several major consumer goods firms have predicted stronger business ahead.

Arjun Tendulkar had to exit the over prematurely after Nicholas Pooran hammered him for consecutive sixes during his debut match in the Indian Premier League 2024 on May 17. Tendulkar, stepping in for the rested Jasprit Bumrah, had a solid start, conceding only ten runs in his initial two overs. However, his second spell posed a challenge as Pooran, in blistering form, dispatched him for massive sixes that soared into the stands at the Wankhede Stadium. Surprisingly, Tendulkar abruptly left the field, grappling with muscle cramps induced by the high-intensity bowling. Consequently, with Tendulkar unable to complete his over (0/22 in 2.2 overs), Naman Dhir was called in to deliver the remaining deliveries of the 15th over. Earlier in his spell, Tendulkar managed to trap Marcus Stoinis leg before wicket in his second over, but the decision was overturned by the third umpire upon review. Despite the bowling change, Pooran's aggression remained unchecked as he greeted Dhir with a colossal six followed by a boundary towards deep extra cover.

Gurucharan Singh, known for his role as Roshan Singh Sodhi in 'Taarak Mehta Ka Ooltah Chashmah,' returned home on Friday after being missing since April 22, police said. The Delhi Police had filed a kidnapping case and were investigating his disappearance. Singh told the police he had embarked on a religious journey, leaving his worldly life behind.

MUMBAI: Indian equity markets will remain open on Saturday, May 18, for a special trading session, while both BSE and NSE will be remain closed on Monday, May 20, due to parliamentary polls in Mumbai. The special trading session will be held to check the preparedness of market intermediaries in case of a major disruption or failure of the primary site.

Equity markets traded firmly for the most part of Friday and closed with gains. The exchanges will remain open on Saturday for a special trading session to prepare for disaster management. «Overall, we expect markets to witness a gradual recovery. However, concerns regarding consistent FII selling, India VIX still above 20 levels, ongoing general election polling and the outcome could keep volatility higher,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial

Nirmala Sitharaman called for a ramp-up in domestic manufacturing to make India self-reliant and boost the country’s participation in global value chains, dismissing suggestions that the government should focus only on services. The government would like to partner India Inc in the country’s development, she said at the Confederation of Indian Industry (CII) annual business summit in the Capital on Friday. “We see a very big role for private sector and would like to partner with them for (the) development (of India), with the government acting as a facilitator and enabler,” Sitharaman said. She exuded confidence that PM Narendra Modi would come back to power after the general elections with a substantial majority. Elections end on June 1 with counting on June 4. “Soon after government is formed, we look forward to a more pointed engagement with CII to see what best can be done in the July budget, which will be the full year's budget,” she said. “A lot of consultation can begin with CII team as well.”

Reserve Bank of India has urged asset reconstruction companies (ARCs) to follow the regulations in letter and spirit, and directed them to conduct the recovery process responsibly by following transparent and non-discriminatory practices. This was conveyed by senior RBI officials at a closed-door conference the banking regulator held with top management of 27 registered ARCs. RBI deputy governors M Rajeshwar Rao and Swaminathan J gave keynote addresses in the conference, 'Governance in ARCs — Towards Effective Resolutions'. It was attended by senior-most RBI officials and 80 participants from the ARC sector.

PTI. According to the report, the mercury breached 45 degrees Celsius at 19 places in Rajasthan, 18 in Haryana, eight in Delhi and two in Punjab. The conditions are expected to turn worse as severe heat waves over the northwest Indian plains are predicted to continue during the next five days, said the report. ALSO READ: Heatwave alert in India till May 18, southwest Monsoon to advance from May 19.

Also read | Niva Bupa ropes in Kotak, Axis, HDFC & three others to run its ₹3,000-crore IPO “We will only focus on attractive markets where we have a stable regulatory framework and attractive profit pool, and a value-based customer landscape and where there's a match between the market requirements and our offering," he said, presenting a turnaround plan on 8 May during the company’s earnings call. “We may also serve other markets opportunistically, but only if it makes real commercial sense," he added, noting that Europe and the US fit this criteria and it will ramp up operations in these geographies.

₹500 crore from fresh investors as it plans to enter new categories as well as allow early investors to exit. Private equity firm Rabo Equity Advisors, which was the investment advisors for India Agri Business Fund II acquired a minority stake in Cremica for $15 million in June 2016. In 2022, Rabo Equity Advisors—where the Dutch lender Rabo Bank held stake—sold its partnership in India Agri Business Fund to advisory firm Kroll Inc's asset management unit.

What the difficulty was in putting it up [the voter turn out details or Form 17] on the website," a Bench of Chief Justice of India (CJI) DY Chandrachud and Justices JB Pardiwala and Manoj Misra asked the ECI counsel, Amit Sharma, according to Bar and Bench. The ECI counsel replied, “It takes time. We have to collect a lot of data" and that it can't be done overnight.

Motilal Oswal Financial Services. Also read: Gold rate today: Gold price retraces from three-week high despite US Fed rate cut buzz, weak US dollar. Buy or wait? Damani added, “The CME Fed-watch tool showed traders pricing in a greater chance of a 25 bps cut in September, at nearly 54%.

Board of Control for Cricket in India (BCCI) wishes to appoint former Indian batter Gautam Gambhir as Dravid's successor, reported Cricinfo on 17 May. Currently, Gambhir is the mentor of Kolkata Knight Riders in the IPL, and the BCCI has contacted him to ask if he is interested in taking the position. The report added that the next round of discussions between the BCCI and Gambhir is expected after KKR completes their IPL 2024 campaign.

Hindustan Times reported. As per the report, alternative arrangements have been made for the passengers to fly to Bengaluru. The flight data tracking website flightradar24 said that the flight was operated by an A321 aircraft.