India Financial News

PUMA India has signed a deal with the Athletics Federation of India to become its official kit sponsor, the sports brand said on Thursday. Puma signed a multi-year deal to exclusively supply performance kits, speed suits and travel gear to every athlete under AFI representing India in track & field, jumps, throws, cross country running and marathons at both domestic and international tournaments, said the company in a press release. With the partnership, several international stars such as Neeraj Chopra (javelin throw), Kishore Kumar Jena (javelin throw), Parul Chaudhary (steeplechase), Subha Venkatesan (4x 400 m relay), Murali Sreeshankar (long jump), Jyothi Yarraji (hurdle), Priyanka Goswami (race walk) and Jeswin Aldrin (long jump) will benefit from PUMA’s gear across sporting events. Kitting under this partnership does not include Olympics, Asian Games and Commonwealth Games.

Amit Shah on Thursday asserted that Pakistan occupied Kashmir (PoK) belongs to India and the country will take it back «at any cost». Addressing an election rally in Sitamarhi Lok Sabha seat in Bihar, the former BJP president slammed the Congress-led opposition for «raising fear about Pakistan's atomic power». «When Article 370 was scrapped, Rahul Gandhi had said that it would lead to bloodshed. Five years have elapsed and not a pebble has been hurled. But Congress's ally Farooq Abdullah tries scaremongering by saying that we cannot take back PoK as Pakistan has atom bombs,» Shah asserted. «I wish to declare from the birthplace of Goddess Sita that Bharat and its 140 crore people fear no one. Pakistan occupied Kashmir is ours and it will remain so. We will take it back,» he said.

software firm Zoho is planning a foray into chipmaking and seeking incentives from the federal government, two sources with direct knowledge of the proposal said, with one of them pegging the investment plan at $700 million. Zoho, established in 1996 and now headquartered in India's Tamil Nadu, offers software and related services on subscription to businesses in 150 countries, competing with the likes of Microsoft and Salesforce.

National Commission for Backward Classes (NCBC) has reportedly asked the West Bengal and Punjab govts to raise the share of Other Backward Classes (OBCs) in reservations as the two states are still not fully using the 50% reservation limit. In West Bengal, the total reservation for SCs/STs and OBCs for govt employment and education is 45% while in Punjab the same is at 37% and 35% respectively, NCBC noted. The commission, as per the report in the Times of India, thus recommended that the two opposition ruled states to enhance without delay the quota for OBCs to make full use of the limit permitted under the Supreme Court-mandated 50% cap. NCBC has recommended the West Bengal govt to increase the quota for OBCs by 5% in government employment and educational institutions. For Punjab, the commission suggested an increase of 13% in government employment and 15% in education.

JAUNPUR: Prime Minister Narendra Modi on Thursday asserted that in the coming five years, Modi and Yogi are going to change the «picture» and «fate» of Purvanchal, adding that he aims to make India a 'Viksit Bharat'. Addressing a rally in Jaunpur, PM Modi asserted that winning even a single seat in UP is difficult for the INDIA bloc. «I pledge to build a developed India and the growth engine of developed India will be Purvanchal, Eastern India. This entire region is becoming a strong hub of health and education. In the coming five years, Modi-Yogi is going to change both the image and the fate of Purvanchal,» PM Modi said.

1. Rahul Gandhi (Rae Bareli, UP): Rahul Gandhi is Congress candidate from Rae Bareli seat, the Nehru-Gandhi family stronghold vacated by his mother, Sonia Gandhi. Rahul has already contested the Lok Sabha elections from Kerala's Wayanad seat that he won in 2019.

Motorola Razr 50 Ultra will be available with 12GB RAM and 512GB storage for the base model. This expected price point closely mirrors the launch price of the Razr 40 Ultra, which debuted with lower specifications—namely 8GB RAM and 256GB of storage. Moreover, the Motorola Razr 50 Ultra is expected to come in additional RAM and storage variants, offering buyers more flexibility.

DLF ended FY24 with healthy sales bookings of ₹14,780 crore, a tad lower than FY23 as it did not launch any major projects in the fourth quarter. The company has already made a solid start to FY25 by selling all 795 apartments in its latest luxury housing project in Gurugram – DLF Privana West – for a staggering ₹5,590 crore, and that too within three days of launch earlier this month. It has given a sales booking guidance of ₹17,000 crore for FY25, but analysts are more gung-ho expecting DLF to surpass this target.

Motorola Edge 50 Fusion comes in two variants. The base model, featuring 8GB of RAM and 128GB of storage, starts at Rs. 22,999, while the higher-end variant, offering 12GB of RAM and 256GB of storage, is priced at Rs.

home loans. Even a marginal difference in the interest rate can lead to a significant difference in the total cash flow over a period of time. For instance, when you borrow ₹50 lakh for 15 years, interest rate of 9 percent and 9.5 percent can lead to total cash outflow of ₹96.71 lakh and ₹99.48 lakh respectively, i.e., a difference of ₹2.77 lakh over the loan tenure.

On Wednesday, chef Varun Totlani of Masque prepared a five-course menu for the inaugural dinner at the Cannes Film Festival. His aim was to celebrate the food of India by highlighting different regions. There was a cold thukpa-style dish topped with trout roe as a nod to Ladakh and Kashmir; chaat with tender sorghum grains mixed with corn mousse as a hat-tip to Maharashtra and Gujarat; and sweet potato prepared khad-style (pit cooking) by borrowing inspiration from Rajasthan.

A post shared by Mahi Sharma | Traveller (@maahieway) Her video has garnered over 3.7 lakh likes with 3,000 comments. A user commented on her video saying “I love how accurately 'muh toh band karo uncle' fits here." While one user referred to her as “Gen Z Poo", likening her to Kareena Kapoor’s iconic character.

materials maker Prism Johnson on Thursday posted a loss in the fourth quarter hurt by lower prices in its cement segment. Consolidated net loss after tax stood at 305 million rupees ($3.7 million) for the quarter ended March 31, compared with a profit of 42.5 million rupees in the year-ago period.

North East Delhi Lok Sabha Elections 2024: Kanhaiya Kumar, the Congress candidate for the North East Delhi Lok Sabha seat, isn't fazed by the BJP's "tukde-tukde" label, often used against him. In an interview with TOI, he shrugged off the label, stating that it doesn't affect him. Describing it as a distraction, Kumar stated that such labels won't deter him. He noted that the «tukde-tukde» tag has lost its impact, even among BJP supporters, since his nomination. He asserted that if he were truly anti-national, he would be in jail. «When they label me that, they target my Poorvanchali background. The Poorvanchalis here will not take these things kindly. I have been acquitted in all cases. A Delhi govt commission found the video accusing me was fake,» the former president of JNU Students' Union added.

Panic gripped a Delhi-Vadodara Air India flight at the IGI airport here after a crew member spotted a tissue paper with the word "bomb" written on it in the aircraft's washroom, police said on Thursday. The flight was searched after the note was discovered on Wednesday evening but nothing suspicious was found, a police officer said. He said the aircraft was ready for take-off when the crew member spotted the tissue paper at 7 pm. The Central Industrial Security Force and the Delhi Police were informed and passengers were asked to deboard the flight, he said.

merchandise exports are expected to increase about USD 60-70 billion to USD 500 billion by the end of FY25, apex exporters' body FIEO said on Thursday. In 2023-24, exports dipped over 3 per cent to USD 437 billion. Federation of Indian Export Organisations (FIEO) President Ashwini Kumar also said the country's services exports are also likely to reach USD 390-400 billion this fiscal. «We are looking for merchandise exports between USD 500-510 billion in 2024-25. In the services, we expect exports to be around USD 390-400 billion for the current fiscal,» Kumar told reporters here.

Nehru and the Congress, External Affairs Minister S Jaishankar on Thursday said India lost its hold on Pakistan-occupied Jammu and Kashmir (PoJK) due to «someone's weakness or mistake». Jaishankar made the remarks while addressing a programme event titled 'Vishwabandhu Bharat' To a question on what would China's response be if India crossed the 'Lakshman Rekha' and integrated PoJK to the Union of India, given that the China-Pakistan Economic Corridor passes through Pakistan-occupied Gilgit Baltistan, the External Affairs Minister said, «I don't believe there's any such thing as a 'Lakshman Rekha'. I think PoJK is a part of India, and due to someone's weakness or mistake, it's temporarily slipped away from us.»

Sunil Chhetri, the legendary player from Indian football who began playing for his country in 2005, formally announced his retirement from international football. He will play his final game for India on June 6th, at Kolkata, during the FIFA World Cup qualifier for 2026, against Kuwait. Chhetri, who is 39 years old and has the most appearances and goals for the Indian national team, is regarded as one of the best football players in the country. Chhetri is third among active players globally in terms of goals scored for his country, only behind Messi and the Cristiano Ronaldo.

Kangana Ranaut, the BJP's candidate for the Mandi Lok Sabha constituency in Himachal Pradesh, has disclosed assets totaling Rs 91.65 crore in her nomination documents. But what caught the eye of many netizens were her 50 LIC policies. Many netizens questioned the the financial rationale of purchasing such a large number of insurance policies. A netizen quipped: «Her LIC Agent must be the happiest agent. Might be some of relatives are LIC agents.» Another netizen said that the Bollywood star possessing a whopping 50 LIC policies «highlights the widespread lack of financial literacy in India, affecting both the wealthy and the less affluent. It seems nobody can resist the allure of buying multiple LIC policies.» Another netizen said that 50 LIC policies are not asset diversification. «Diversification is proper asset allocation across Equity, Debt, RE, Alternates and commodities (mix as per the needs and understanding),» the user said.

Motorola has expanded its Edge series with the launch of the Motorola Edge 50 Fusion in India. This mid-range smartphone is powered by a Qualcomm Snapdragon 7s Gen 2 chipset and runs on the Android 14 operating system. It features an IP68 rating and a 5000mAh battery.

terrorists were gunned down as the Indian Army foiled an infiltration bid along the Line of Control (LoC) in the Kupwara district of Jammu and Kashmir on Thursday, sources said. The search operation was underway in the area at the time of filing this report. «On specific intelligence input, a joint search operation was launched by the Indian Army, Jammu and Kashmir Police in the general area of Amrohi, Tangdhar, and Kupwara on May 15, 2024,» read a post on the official X handle of the army's Chinar Corps.