India Financial News
16.05 / 13:17
Matthews
Updates
International
Sunrisers Hyderabad vs Gujarat Titans Live Score: Match 66 of Indian Premier League, 2024 to start at 07:30 PM
Venue : Rajiv Gandhi International Stadium, Hyderabad Sunrisers Hyderabad squad - Abdul Samad, Anmolpreet Singh, Mayank Agarwal, Rahul Tripathi, Travis Head, Abhishek Sharma, Aiden Markram, Glenn Phillips, Marco Jansen, Nitish Kumar Reddy, Sanvir Singh, Shahbaz Ahmed, Washington Sundar, Heinrich Klaasen, Upendra Yadav, Akash Singh, Bhuvneshwar Kumar, Fazalhaq Farooqi, Jaydev Unadkat, Jhatavedh Subramanyan, Mayank Markande, Pat Cummins, T Natarajan, Umran Malik, Vijayakanth Viyaskanth Gujarat Titans squad - Abhinav Manohar, David Miller, Kane Williamson, Sai Sudharsan, Shubman Gill, Azmatullah Omarzai, Rahul Tewatia, Shahrukh Khan, Vijay Shankar, BR Sharath, Matthew Wade, Wriddhiman Saha, Darshan Nalkande, Gurnoor Brar, Jayant Yadav, Joshua Little, Kartik Tyagi, Manav Suthar, Mohit Sharma, Noor Ahmad, Rashid Khan, Sai Kishore, Sandeep Warrier, Spencer Johnson, Umesh Yadav Sunrisers Hyderabad vs Gujarat Titans Match Details Match 66 of Indian Premier League, 2024 between Sunrisers Hyderabad and Gujarat Titans to be held at Rajiv Gandhi International Stadium, Hyderabad at 07:30 PM. Stay tuned for live updates.
16.05 / 13:17
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Navigating global uncertainty with gold
and otherCentral Bank purchases are the key drivers of gold prices. Demand in India has remained resilient despite higher prices. These two countries together account for approximately half of the global physical demand.
16.05 / 13:17
16.05 / 13:15
Provident
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Efkon-Strabag join hands with leading IITs
Efkon-Strabag, a provider of smart infrastructure solutions in India, has joined hands with leading institutions including IIT Bombay and IIT Mandi to advance transportation systems, landslide management, and drive innovation in India. Additionally, the company has collaborated with IIT Roorkee to launch a comprehensive road safety awareness programme tailored for children. Partnering with IIT Bombay, Efkon-Strabag aims to strengthen knowledge management, joint projects, and engagement activities. This partnership encompasses various dimensions: they partner in knowledge creation, technology development, and human resource enhancement to drive innovation in transportation systems, facilitating the exchange of ideas and skills. Together, they will undertake joint studies and research on Intelligent Transportation Systems (ITS), offering internship opportunities for students. They will also foster ecosystem development by providing access to technology courses, promoting collaboration between academia and industry, and contributing expertise to research consortia. Additionally, they will engage in research projects, skill-building programs, and workshops to foster creativity and innovation in the transportation sector, aiming to address industry challenges effectively.
16.05 / 13:15
Dreams
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International
Kangana Ranaut’s ‘Emergency’ to be delayed due to upcoming Lok Sabha elections?
Emergency’ is in no hurry to hit the theatres any time soon! The release date of Kangana Ranaut’s upcoming political drama has been postponed. The new release date has not been shared yet. On Tuesday, the makers announced that the date of ‘Emergency’ has been postponed due to her political commitments. “Our hearts are filled with love pouring in for our queen Kangana Ranaut." The note further read, «As she prioritises her duty to the nation and her commitment to serve the country, the release date of our much awaited film 'Emergency' has been postponed. We promise to update you soon with a new release date. Thank you for your continued support. #EmergencyComingSoon (sic).»
16.05 / 13:15
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Technical Breakout Stocks: How to trade Hitachi Energy India, Oberoi Realty and Bharti Airtel on Friday
Sectorally, buying was seen in realty, consumer durables and capital goods stocks while selling was available in utilities.
16.05 / 13:15
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Can't direct CBI to register FIR: Special Court to MMTC on coal import scam
special court has dismissed a plea by the Metals and Minerals Trading Corporation of India (MMTC) seeking the registration of an FIR by the CBI in connection with alleged corruption in the import of coal from an Australian company at inflated rates in 2009, officials said Thursday. The PSU had sought directions to the CBI to register an FIR in matter which is now being investigated by the central probe agency by registering a preliminary enquiry. A preliminary enquiry is the first step by the agency to ascertain if there is prima facie enough material in the allegations to warrant a full-fledged investigation through an FIR or a regular case, they said. The plea was dismissed by the special court which said it does not have power to direct the CBI to register an FIR and investigate the case.
16.05 / 13:15
UPS
security
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K2 Infragen gets Rs 90 cr railway order in UP
K2 Infragen on Thursday said it has bagged a Rs 90 crore railway bridge project at Chandauli in Uttar Pradesh. «The tender was secured by a joint venture between Gangasagar Singh and PRL Infrastructure, with K2 Infragen being entrusted with the complete executional responsibility for the project by the UP-State Bridge Corporation Ltd,» the company said in a statement. The Rs 90.2-crore contract is for the construction of a four-lane rail over bridge (ROB) on the Patna-Mughalsarai section of Danapur division in the district of Chandauli in Uttar Pradesh, K2 Infragen said in a statement. The project is to be completed within an 18-month timeframe, it said.
16.05 / 13:15
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electronic
Merchandise exports likely to reach $500 bn in FY25, growth of labour intensive sectors a concern: FIEO
FIEO) on Thursday stated that it expects merchandise exports to reach $500-510 billion for the year. In FY24, goods exports had fallen to $437.06 billion. FIEO also said that while meeting the ambitious target of $2 trillion exports by 2030, requiring a CAGR of 12.7%, is challenging, it is within reach and can be achieved. Demand, it stated, is slowly improving and continues to be robust for technology driven sectors such as electronics, machinery, high and medium technology, pharmaceuticals, medical and diagnostic equipment. Expressing concern over the growth of the labour-intensive sectors, FIEO President Ashwini Kumar said we lost the market to competitors in categories like knitted and woven garments, made-ups, footwear, gem and jewellery. “In the knitted garment sectors, for example, India added $200 million to its exports during calendar years 2019-2022, whereas, Bangladesh added $10 billion in the same period. In the footwear sector, while global imports grew at a CAGR of 5%, our exports contracted. Bangladesh exports grew by $750 million in the same period. We need to look into global demand and accordingly modify our manufacturing,” he said at a media interaction in the capital.
16.05 / 11:23
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Stock market update: Power stocks up as market rises
Inox Wind Ltd.(up 9.11%), RattanIndia Power Ltd.(up 5.00%), GE T&D India Ltd.(up 5.00%), Inox Wind Energy Ltd.(up 4.97%), Hitachi Energy India Ltd.(up 4.59%), GE Power India Ltd.(up 3.55%), Indowind Energy Ltd.(up 3.24%), KEC International Ltd.(up 2.48%), PTC India Ltd.(up 2.05%) and Power and Instrumentation(Gujarat)Ltd.(up 1.96%) stood among the top gainers.
16.05 / 11:23
markets
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Honeywell
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Pharmaceuticals
Stock market update: Nifty Pharma index advances 0.58%
Shares of Sanofi India Ltd.(up 2.69 per cent), Torrent Pharmaceuticals Ltd.(up 1.93 per cent), Natco Pharma Ltd.(up 1.63 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 1.51 per cent) and Lupin Ltd.(up 1.46 per cent) ended the day as top gainers in the pack.
16.05 / 11:23
Netflix
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Banita Sandhu joins 'Bridgerton Season 3' Netflix series as Miss Malhotra: Know full star cast and other details
Banita Sandhu, known for her role in Varun Dhawan's 'October', has been reportedly cast for 'Bridgerton Season 3'. The British-Indian actor will portray the character of Miss Malhotra in the renowned international series, sharing the screen with Nicola Coughlan and Luke Newton. Sandhu gained widespread recognition for her role in Varun Dhawan's 'October', and her inclusion in 'Bridgerton Season 3' has generated considerable excitement among fans. The highly-anticipated third season of 'Bridgerton' premiered today, May 16, on the popular streaming platform Netflix, presenting viewers with four engaging episodes. Sandhu's participation in the series is a matter of pride for India, as her portrayal of Miss Malhotra promises to bring a new dimension to the storyline, potentially challenging the existing social hierarchy.
16.05 / 11:23
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International
Will China become the cat among India's EV pigeons?
Chinese electric vehicles (EVs) have sent a scare in the US and Europe. Many have predicted doomsday scenarios. The Alliance for American Manufacturing has said that government subsidized Chinese EVs “could end up being an extinction-level event for the U.S. auto sector". Earlier this year, Tesla CEO Elon Musk told industry analysts Chinese EVs are so good that without trade barriers, “they will pretty much demolish most other car companies in the world.” The US has decided to shield itself from the Chinese EV onslaught. President Joe Biden has announced a series of new and increased tariffs on several Chinese-made goods. He quadrupled the tariff on electric vehicles made in China from 25% to 100%. Chinese lithium-ion batteries for electric cars will now face a 25% tariff, up from 7.5%. Since many European car makers manufacture in China and sell in Europe, they are appealing against similar tariffs on Chinese EVs. Also Read: China may dump EVs, batteries into India with higher US tariffs: GTRI
16.05 / 11:13
Blockchain
Ethereum
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$25 million stolen in 12 seconds: MIT graduates pull off crypto heist in Ethereum blockchain scheme
New York Post. According to the report, the federal prosecutor identified the accused as Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28. They cited that this was the first time that a fraud like this had ever been the subject of US criminal charges. ALSO READ: SEBI recommends regulators to oversee crypto trade, RBI still sees ‘macro risk’ Stating that the Peraire-Bueno brothers executed their elaborate heist in April 2023, the federal officers say they stole $25 million from traders in just 12 seconds after fraudulently gaining access to pending transactions and then altering the movement of cryptocurrency.
16.05 / 11:13
COST
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Food
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Onions to get a new lease of life from gamma rays
Please see: Barc to help preserve onion stocks “Both these ministries will provide financial assistance to create the irradiation facilities and corresponding cold storage under the PPP mode so that private players can operate the same sustainably," he added. The units will be set up along with the state government as public-private partnerships. The move is expected to soothe the onion supply chain which sees losses of as much as ₹10,000 crore every rabi season, and aid the government's procurement plans.
16.05 / 11:13
markets
Google
Platform
Mobile
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Why InMobi is banking on 'app-less' consumption, AI-driven user platforms
offers a smart lock screen platform for Android-based smartphones. Tewari, who refers to the lock screens as "surfaces", is "aiming to build a 'surface economy' by promoting consumption of the internet in a very different way", which he describes as 'app-less' consumption".
16.05 / 11:13
FIVE
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Indian outbound travel surges, Vietnam leads destination list
Travel Trends 2024: Breaking Boundaries, said Indian outbound travel to Vietnam skyrocketed by 248% compared to 2019 levels, followed by the US and Japan, with growth rates of 59% and 53%, respectively. These figures, compiled for the January-March 2024 period, also indicate a significant shift in traveler preferences. The emerging trends hold promise for the travel sector, considering that India is expected to see nearly 20 million more people entering the middle class over the next five years, it added.
16.05 / 11:13
UPS
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International
Universality is the most important thing in design, says Gunjan Gupta
chamak-dhamak (essentially too much shine and colours)". That's why the Delhi-based product designer and founder of brand Ikkis ensured her homeware collection presented at the Milan Design Week last month was "anti-ethnic". The range of 21 glasses, cups and plates—all displayed in a room that looked like an organised kirana store (curation was done by Maria Cristina Didero, curatorial director of Miami Design Week)—can be best described as elevated everyday items that highlight Indian craftsmanship in a simple, yet sophisticated form.
16.05 / 11:13
UPS
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Election
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Nitish Kumar's 'Sita temple' bid is now BJP's Lok Sabha poll pitch in Bihar, Amit Shah says ‘only Narendra Modi can…’
Nitish Kumar had also promised the same when he was part of the Opposition INDIA bloc. At an election rally in Bihar, Union Home Minister Amit Shah, while reiterating the 'vote bank' jibe, said, "PM Modi has built the temple of Ram Lalla in Ayodhya. Now, the work that is left is to build a great memorial at the birthplace of Ma Sita." "Those who kept themselves away from Ram temple can't do this, but if someone can build a temple as ideal as the life of Ma Sita, it's Narendra Modi, it's BJP," the minister was quoted by ANI as saying at a rally in Bihar's Sitamarhi.
16.05 / 11:13
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Multibagger Stock: Rajnish Retail has gained over 1000% in just one year, more than 12000% in 5 years! Should you buy?
₹7.51 in May 2023 to touch its record high of ₹90.19 in intra-day deals today. In the last 5 years as well, the stock has given exceptional returns, rallying 12255 percent from ₹0.73 in May 2019. Meanwhile, it has soared over 6388 percent in the last 3 years from ₹1.39 in May 2021.
16.05 / 10:19
Career
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Celebrity
'Vineet Nayyar provoked us to create...': Anand Mahindra shares his journey and an old photo in heartfelt tribute
Anand Mahindra said, "Vineet was a larger-than-life figure in the Indian Business landscape." He said Vineet was a "distinguished IAS officer" who served with the World Bank and the became the first Chairman of GAIL. “He provoked us to create what will perhaps be one of the most important legacies of our Group," he said. Sharing a glimpse of Vineet's journey, Mahindra said he made a successful transition to the private sector becoming the Managing Director of HCL Corporation Ltd, and the Vice Chairman of HCL Technologies Ltd.
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