India Financial News

BCCI is keen to secure him as the new coach of the Indian cricket team, a prospect that could bring a new era of success. Ricky Ponting, who led Australia to the World Cup twice, is also in the race, and as per a REVSPORTZ, BCCI has informally communicated its wishes to the batter. The report added that the response from both Stephan Fleming and Ricky Ponting hasn't been positive.

Click here to read more The Supreme Court of India on Wednesday ordered release of NewsClick founder and editor Prabir Purkayastha in UAPA case after holding that his arrest and remand were “illegal". It is alleged that the news portal received foreign funds in violation of the FCRA case. Click here to read more After Delhi, Gujarat and Jaipur, schools in Uttar Pradesh's Kanpur, on Wednesday, received bomb threats via emails, creating a panic situation.

Gauri Shankar Nagabhushanam is the Chief Executive Officer, designate CapitaLand India Trust (CLINT), with effect from 16 May 2024. He will assume the position of the Chief Executive Officer of CLINT around August 2024. Gauri is responsible for driving the growth of CLINT, Asia’s first India-focused property trust listed in Singapore. Prior to this appointment, Gauri was Chief Executive Officer, India Business Park at CapitaLand Investment, where he was responsible for growing the company’s business parks portfolio in India. This includes investments, development, operations, asset management, and strategic planning for business parks in the country.

unemployment rate for people aged 15 years and above in urban areas declined to 6.7 per cent in the January-March period from 6.8 per cent a year ago, according to the National Sample Survey Survey (NSSO). Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force. The unemployment rate in the March quarter of FY23 was 6.8 per cent, while it was 6.6 per cent in April-June as well as in the third quarter (July-September 2023) of the previous fiscal. It was 6.5 per cent in October-December 2023. The unemployment rate for people aged 15 years and above in January-March 2024 was 6.7 per cent in urban areas, the 22nd Periodic Labour Force Survey (PLFS) showed.

Congress wanted to allocate 15 per cent of the budget for Muslims. «The Congress government had openly said that Muslims have the first right on the country's resources. I was present in the meeting in which (former PM) Dr Manmohan Singh said this and I had raised my objection. Congress and its allies even wanted to allocate separate budgets for Hindus and Muslims. Congress wanted to allocate 15 per cent of the budget for Muslims,» said PM Modi. While addressing a rally in India's financial captial, the Prime Minister alleged that he was exposing the Congress and INDI alliance's plans to divide people on the basis of religion, and to him the country's unity was more important than his own image.

Piyush Goyal, contesting a Lok Sabha election for the first time, asserted on Wednesday that he will surely win — but almost entirely because of the work done by Prime Minister Narendra Modi, adding that this election will determine the fate of India. «I recognise that we are all subsumed under Mr Modi's performance… It is gradually dawning on people that this is Modi's election,» Goyal told PTI during a road show — a slow crawling journey atop a decked up pickup truck that wound its way through a ward of Borivali in the Mumbai North constituency. Goyal, a Rajya Sabha member and a veteran manager of many an election campaign, including that of Lal Krishna Advani in 1989, replaced incumbent Gopal Shetty as BJP's candidate for the constituency. The elections are due on May 20. With four days left for campaigning, which ends on the evening of May 18, Goyal is crisscrossing all the assembly segments of the constituency every day in his truck in a set pattern: every morning, a few hundred party workers wearing orange caps, BJP scarves hanging down their shoulders and lotus sticker on their clothing, gather at the starting point of the road show.

Zerodha Fund House (ZFH) on Tuesday said that its Growth Liquid ETF, Zerodha Nifty 1D Rate Liquid ETF, has crossed Rs 1,000 crore in assets under management (AUM).

SBI Fixed Deposits: State Bank of India (SBI) has increased interest rates on its fixed deposits by up to 125 basis points (bps) on select tenors, effective May 15, 2024.

In recent times, India has witnessed a significant surge in gold rates. As of April 19, 2024, the price of gold stood at ₹6,765 per gram for 22 karat and ₹7,380 per gram for 24 karat. This increase in gold prices has a direct impact on the borrowing habits of individuals, especially in a country like India where gold is not just a precious metal but also a cultural symbol of wealth and security.

GSK plc on Wednesday announced positive data from the phase III trial which followed participants for up to approximately 11 years following initial vaccination with Shingrix.

Purchasing a new car brings excitement to the entire family, as everyone looks forward to having the best vehicle for comfort. However, amidst this excitement, one crucial consideration that arises is the cost. While affordability may not be a concern for some when money isn’t an issue, it’s essential to factor in cost-saving measures both during the initial purchase and for long-term ownership when budget constraints come into play.

Are you a frequent traveler and looking for a credit card with exclusive features and benefits on international travel? It’s a good idea to go for a card that offers complimentary domestic and international lounge access, rewards on flight ticket bookings, low forex markup fee and discount on hotel bookings, among other benefits.

In the landscape of finance, a radical shift is ongoing, it challenges the traditional investment landscape for financial gains. This transformation is vainly guarded by Social Stock Exchanges (SSEs); it prioritizes investing in social and environmental causes along with monetary returns. As the world is facing numerous challenges, climate change, poverty, social injustice, and inequality, SSEs provide an opportunity for investors to align financial objectives with societal development.

As the world becomes more eco-conscious every day, sustainability is now integrated into almost every sector. In the Indian retail sector, sustainable practices are gaining momentum, fueled by rising customer awareness and their demand for eco-friendly initiatives. As the cities transform to cater to their inhabitants’ needs, the retail sector is witnessing an evolution driven by various factors like urbanization, digitalization, and sustainable development. Amidst these cities, Noida-Greater Noida epitomize this evolution through their strategic initiatives and sustainable construction practices, showing the power of consumer influence in shaping a sustainable future.

DSP Mutual Fund on May 15 announced the launch of DSP Nifty Bank Index Fund, an open-ended scheme tracking Nifty Bank Index. The fund will offer an opportunity to invest in banking stocks at reasonable valuations.

HDFC Bank has launched a new virtual credit card called ‘PIXEL’. The card will come in two variants – PIXEL Play and PIXEL Go. PIXEL signifies HDFC Bank’s debut in an end-to-end mobile app-based customizable credit card range.

Gurugram, long recognized as a cornerstone of the National Capital Region’s real estate sector, continues to redefine luxury living, evolving rapidly to meet the heightened expectations of affluent homebuyers. As 2024 unfolds, the city’s luxury real estate sector has been characterized by a distinct shift towards bespoke amenities and environmentally-sustainable features, mirroring global trends and local consumer preferences.

The Lok Sabha Elections are underway, and with the poll results scheduled for June 4, discussions and speculations have already begun regarding the reforms and major pending works the new government will undertake. One of the major pending tasks in this regard is the implementation of the Direct Tax Code (DTC), which has been overdue for a long time.

Securing a home loan is a major financial step and it’s crucial to have a comprehensive understanding of the entire process. A home loan offers excellent tax-saving opportunities, and recent budget changes have further enhanced their attractiveness.

JetSynthesys announces the appointment of Raj Thadani as CEO of its joint venture (JV) with Digital Hearts Holdings (DHH), a Japanese holding company listed on the Tokyo Stock Exchange. In his capacity, Thadani will spearhead strategic initiatives, drawing on DHH’s expertise to bolster India’s gaming supply chain pipeline.

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