India Financial News

Jhansi node in the defence corridor, and the Bundelkhand Industrial Development Authority (BIDA) have contributed to the region's progress. Bundelkhand's political landscape Bundelkhand comprises four Lok Sabha seats — Jhansi, Jalaun, Hamirpur, and Banda. In the 2019 elections, the BJP secured all four seats, and despite whispers of anti-incumbency, the influence of Prime Minister Modi remains significant. The party highlights achievements like ending «mafia raj» and focusing on development.

Linde India shares surged by 5%, reaching an all-time high of ₹9,431 per share in today's intraday trade, driven by heavy trading volumes. This latest rally marks a stellar gain of 55.23% over the past six months and an astounding 140% over the course of a year. The stock has consistently built on its gains year after year.

demat accounts of the people. Also Read: Indian Emulsifiers IPO: SME issue subscribed over 460 times on day 4; NII portion booked highest; check GMP Those that received shares will have their demat accounts credited on Tuesday, May 21. The refund process will begin Tuesday as soon as the allocation is finalised today.

Dixon Technologies (India) surged almost 10 percent in intra-day deals on Friday to their record high of ₹9,064 apiece, after global brokerage firm Morgan Stanley upgraded the stock to 'equal-weight' from an earlier 'underweight’ rating post its March quarter results (Q4FY24). However, the brokerage has a target price of ₹8,696 for the stock, implying a 4 percent downside from today's record high. Morgan Stanley expects an earnings CAGR (compound annual growth rate) of 42 percent for the firm during FY24 to FY28, which led to this upgrade.

₹274.50 apiece on the BSE. The volumes in JSW Infrastructure shares reached 93 lakh on May 17 as compared to its one week average of 36 lakh shares. Technically, JSW Infrastructure shares saw a major breakout above ₹265 mark and the stock was trading around ₹273 apiece.

Empires of the Sea, maritime historian Radhika Seshan attempts the ambitious task of presenting the story of India’s engagement with the sea from the era of the Indus Valley civilisation to the 18th century. Despite consulting a shipload of books, Seshan’s reach far exceeds her grasp. The final product is a book that, while well researched, is poorly organised and is often unable to forge a meaningful connection with the reader.

Mumbai around May 28, 2024. “Cyclone Alert: Intense cyclone is expected in Bay of Bengal by 23rd May which is likely to impact Odisha, Maharashtra, Gujarat between 23-27. Models predicting Heavy Rains for Gujarat and Mumbai around 28 May," Mumbai Nowcast wrote on X (formerly Twitter).

Virat Kohli recently shared an update about his elder kid and also gave a hint about her inclination towards cricket. In a candid conversation with Danish Sait (as Mr. Nag), the Royal Challengers Bengaluru star said that his daughter Vamika has “picked up the cricket bat, and she's enjoying swinging it." Also Read: Virat Kohli, Anushka-backed Go Digit IPO opens.

Funding winter for startups likely to thaw this year As markets stabilised, some fledgling companies went bust while others changed their business models to attract funds and survive the downturn. "We started seeing many companies that had raised seed funding come back to us towards the end of last year," Garg said. “Today, the market is in very good shape as we have enough time to do our due diligence before giving a term sheet.

Finance Minister Nirmala Sitharaman has advocated for a greater emphasis on the manufacturing sector during her speech at the CII Annual Business Summit 2024 held in Delhi on Friday. Sitharaman highlighted the importance of manufacturing alongside services and underscored the need for increased investment and governmental backing to strengthen this sector. “Manufacturing must increase, India must also increase manufacturing with the help of policies, its share in manufacturing in global value chains.

Indian stock market. Prabhudas Lilladher, a leading brokerage, foresees sectors like FMCG, Auto, Healthcare, IT Services, Private Banks, and Capital Goods as a 'perfect hedge' against the election results, slated for 4th June 2024.

When it comes to savings and investments, one of the key hurdles faced by lay investors includes financial awareness and knowledge. A number of financial literacy campaigns are conducted by a number of government and private agencies. 

Indian stocks are set for the biggest monthly outflow in nearly a year as election uncertainties and high valuations prompt some funds to shift to cheaper alternatives like Chinese equities. Global investors have pulled a net $3.5 billion from India’s stock markets so far in May, on course for the biggest withdrawal since June 2023, according to data compiled by Bloomberg.

Nifty was hovering near the 22,469 mark, gaining 65.50 points or 0.29%. Commenting on the day’s action, Sameet Chavan, Head Research, Technical, and Derivative at Angel One said that the Indian equity market took a surprising turn from the day low, coinciding with the support levels and was propelled to an intraday high above 22,400 in what was a strong volatile session.

India's weather bureau has warned the country was facing its second heatwave in three weeks, including in areas where millions of people are set to vote in the six-week election. Analysts have blamed a dip in turnout compared to the last national poll in 2019 on widespread expectations that Prime Minister Narendra Modi will easily win a third term, as well as hotter-than-average temperatures heading into the summer. The latest round of voting in the seven-phase election will take place on Monday, including in parts of India expected to see temperatures 2-3 degrees Celsius above normal.

Arvind Kejriwal received interim bail and hailed it as a 'victory of truth,' but what awaited him and his party was a political whirlpool, an assault charge, and his image at stake amid the ongoing Lok Sabha polls. It all started when AAP's Rajya Sabha MP Swati Maliwal went to the Civil Lines police station and alleged that a member of Delhi Chief Minister Arvind Kejriwal's staff had misbehaved with her. Also Read: Swati Maliwal's FIR: Slapped and kicked by Bibhav Kumar at Kejriwal's residence during periods, screamed but no one helped The FIR

Aadhaar is a widely accepted, valid ID and address proof document that enables you to avail of various services. The use of Aadhaar as an identification card allows individuals to obtain their rights immediately in a quick and hassle-free way, eliminating the need to provide several documents to confirm one's identity. Aadhaar card fraud occurs when someone gains unauthorised access to or manipulates an exclusive identity system. Financial losses, identity theft, and the improper use of personal information for illicit purposes are among the outcomes. There is a chance that victims might have trouble obtaining services, making financial transactions, or even facing legal repercussions. Also read: What are the latest charges for updating Aadhaar details?

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) China President recently shared insights on the challenges and solutions for cross-border central bank digital currency (CBDC) interoperability.

Engineering and construction conglomerate Larsen & Toubro (L&T) on Friday said its buildings and factories business vertical has bagged multiple orders. The company has bagged a project from the Institute of Neurosciences Kolkata, for constructing a medical college and hospital campus in Kolkata on a design and build mode. This involves a 605-bed hospital and a medical college. The project is to be executed in two phases over a period of 60 months. The scope of work includes civil structure and external development works.

JEE Advanced 2024 admit card: The Indian Institute of Technology Madras (IIT Madras) has unveiled the admit cards for the Joint Entrance Examination (JEE) Advanced 2024 today, May 17th. This release marks a significant milestone for thousands of aspiring candidates who have been diligently preparing for this pivotal exam. The JEE Advanced exam, slated for May 26th, stands as a pivotal gateway for students vying for coveted spots in prestigious Indian Institutes of Technology (IITs) and other esteemed engineering institutions across the nation. JEE Advanced 2024 Admit Card Candidates can now retrieve their admit cards as per an official notice posted on the website. A direct link for downloading the admit card has been dispatched to candidates' registered email addresses. Furthermore, a portal dedicated to downloading the admit card will soon be accessible on the official JEE Advanced website.

India’s growth to 6.9% in 2024 from 6.2% projected earlier, the United Nations said in its latest World Economic Situation and Prospects report’s mid-year update. “India’s economy is forecast to expand by 6.9 per cent in 2024 and 6.6 per cent in 2025,29 mainly driven by strong public investment and resilient private consumption,” the UN Department of Economic and Social Affairs said. It noted that even as the government brings down its fiscal deficit, it will continue to increase capital investment.