India Financial News

₹4,350 crore as earnest money deposit, making them eligible for the spectrum auctions starting 6 June. India’s largest telco, Reliance Jio, deposited ₹3,000 crore, while Bharti Airtel and Vodafone Idea deposited ₹1,050 crore and ₹300 crore, respectively, according to data from the department of telecommunications (DoT) released on Thursday. The government expects a modest auction for the frequencies offered across multiple bands—800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz, and 26 GHz—valued at ₹96,317.65 crore.

acquisition of Haifa port in Israel, which has pounded Gaza after a shock attack by Hamas, sparked the Norges decision. A fourth of India's total cargo is handled by APSEZ, which owns a total of 14 ports including in Israel, Australia and Sri Lanka. An email sent to Norges seeking comment went unanswered.

ALSO READ: Gujarat: 20 dead in lightning strikes amid unseasonal rainfall Two among the deceased were minors, both residents of Manikchak police station area, while three hailed from Sahapur under the jurisdiction of Malda police station, police added. ALSO READ: Madhya Pradesh emerges as India’s lightning hub: Report Two others were from Adina under Gajol police station and Balupur under Ratua police station.

NEW DELHI : Sowing of crucial summer crops as well as yields of some winter crops this year have been affected with water levels at India’s 150 major reservoirs depleting further to 25% of their total capacity, leaving farmers hoping that the forecast of a normal monsoon will bear fruit. While 33 reservoirs have 50% of normal water storage capacity, 85 reservoirs reported about 80% of normal storage, the Central Water Commission said in a bulletin on Thursday.

Arvind Kejriwal's aide for the assault, here are some of the top stories of May 16. Vineet Nayyar, the former vice-chairman of Tech Mahindra, passed away on Thursday, at 85. From starting off as a district magistrate to overseeing the turnaround of an Indian IT giant marred by scandals, Nayyar wore many hats in his lifetime.

mutual funds is growing month after month and year after year. Across the parameters and yardsticks, investors are putting more money in mutual funds. Moreover, when it comes to investment by retail investors, this data is even more heartening.

Indian Premier League 2024, including Thursday's Sunrisers vs Gujarat Titans, the race for the last two spots has gained momentum. Rains disrupted today's match, and even the toss has been delayed in Hyderabad. There are also chances of a washout.

Mint had reported. The developments come amid liquidity concerns, prompted by challenges with Aggarwal's flagship business, Ola Electric, which has struggled to garner adequate investor interest for a listing before the ongoing Lok Sabha elections. “As part of an ongoing restructuring, Ola Mobility CFO Kartik Gupta has stepped down.

iQOO Z9x 5G comes in three enticing color variants – Storm Grey and Tornado Green, catering to diverse style preferences. The 4GB RAM with 128GB ROM variant is priced at ₹12,999, the 6GB RAM with 128GB ROM variant will cost ₹14,999. While the 8GB RAM with 128GB ROM device is priced at ₹15,999.

MSME lender Kinara Capital on Thursday reported its FY24 results, marking the ninth consecutive year of profitability. The company said it closed the previous fiscal year with profit after tax (PAT) of Rs 62 crore, registering a 51 per cent growth from FY23.

In recent years, remote work has emerged as a viable and desirable option for many professionals worldwide. With advancements in technology and changes in work culture, the concept of working from anywhere has gained widespread acceptance. In India, both state governments and the co-working industry have been proactive in facilitating and promoting remote work opportunities.

The Securities and Exchange Board of India (Sebi) has removed the requirement of linking permanent account number (PAN) with Aadhaar, providing some relief for mutual fund investors to obtain a “KYC-registered” status for mutual fund transactions. However, investors require a “KYC-validated” status, which is only possible after linking PAN with Aadhaar, for unconstrained transactions across all fund houses. A KYC-registered status allows investors to only transact with the fund houses they already have investments with.

Mutual fund investors, especially NRIs, who were grappling with KYC non-compliance issue on account of non-linkage of PAN-Aadhaar can heave a sigh of relief, at least for the time being. The capital market regulator, SEBI, has eased KYC norms by removing temporarily the requirement to link PAN with Aadhaar for ‘KYC registered’ status for mutual fund transactions. This means all mutual fund investors can continue investing without the necessity of having submitted additional documents for now.

Do you want to own a commercial building or an office or a warehouse in cities like Mumbai, Pune, Bengaluru or Delhi? It’s possible and that too at an investment of as low as Rs 1 lakh, which comes to less than Rs 300 a day, through the fractional ownership model.

The Returning Officer (RO) for the Varanasi Lok Sabha constituency rejected the nomination of Comedian Shyam Rangeela, who had announced that he would contest against Prime Minister Narendra Modi from the seat, on grounds that it was “incomplete”.

The Lok Sabha elections 2024 have witnessed a significant voter turnout, with polling stations registering approximately 66.95 per cent participation during the four phases of the ongoing general polls. This marks a substantial engagement from the populace, with an estimated 451 million individuals exercising their voting rights.

Fixed deposits (FDs) have long been a popular investment choice among Indians, especially senior citizens looking for stability and regular income. Senior Citizen FDs are specifically tailored to cater to the needs of this demographic, offering higher interest rates and other benefits.

Gurugram, often dubbed the ‘City of Dreams’, has witnessed remarkable growth in the luxury real estate market over the years. The city, renowned for its rapid development, innovative spirit, and thriving lifestyle, continues to attract discerning investors and homebuyers seeking an unmatched living experience. Whether it is sustainable living spaces, luxury high-rise condominiums, independent houses, villas, or bungalows, real estate developers focus on building visionary solutions catering to the emerging preferences of buyers.

India’s biggest asset management company SBI Mutual Fund has announced the launch of its new thematic fund – SBI Automotive Opportunities Fund.

properties, including multiple bank accounts and cash worth crores, have been attached by the National Investigation Agency (NIA) across the country since 2019, most of them belonging to terrorists, Naxals, separatists and their supporters, officials said on Thursday. Of the 403 confiscated and attached properties, 206 have been attached by the Ranchi branch of the federal probe agency which is the highest, they said. The properties include multiple bank accounts and a significant amount of cash belonging to Naxals and their aides among others, spread across mainly in Bihar and Jharkhand, the officials said. A total of 100 other properties belonging to terrorists and their supporters were attached, forfeited or confiscated by the Jammu branch of the NIA, they said.

Vodafone Idea’s net loss for the fiscal fourth quarter, FY24, widened sequentially to Rs 7,675 crore, dragged by high debt and even as it continued to lose subscribers. A joint venture between UK’s Vodafone Group Plc and India’s Aditya Birla Group, reported its highest ever quarterly EBITDA of Rs 2,180 crore post merger which occurred in 2019.