India Financial News

US district court has approved a stipulated dismissal agreement that lifts sanctions on more than 90 foreign nationals, many of whom are Indian, who were previously denied re-entry to the US or deemed ineligible for visas due to their association with an Optional Practical Training (OPT) fraud committed by their former employers. These students, who were victimized by fraudulent OPT employers, had faced severe repercussions, including being denied entry into the US and visa ineligibility. One affected individual from Chennai recounted being turned away by US customs officials after a brief vacation, simply because he had briefly worked for a blacklisted company certified for conducting OPT. Jesse Bless, an attorney representing the plaintiffs, told TOI's Lubna Kably that after extensive negotiations, the US Department of Homeland Security (DHS) agreed to review its records and confirmed that these former students are neither inadmissible to the US nor ineligible for visas solely based on their employment with fraudulent OPT companies. «With the inadmissibility lifted, these plaintiffs have now regained another opportunity to live and work in the United States,» Bless said.

Canara Bank shares surged 4.6% to the day’s high of Rs 118.40 on BSE in Wednesday’s trade as the board’s decision to split the stock in 1:5 ratio came into effect today. For each share equivalent to a face value of Rs 10, the investors were to receive 5 shares of face value of Rs 2 per share.

Coal India and NMDC are exploring lithium mines in Chile and Australia, Secretary of Mines V.L. Kantha Rao said on Wednesday. The Indian mines ministry is also encouraging other state-owned companies, such as ONGC Videsh, to scout for critical minerals overseas, Rao told reporters at the sidelines of an industry conference in New Delhi. India will additionally take a delegation to Zambia in June, with executives from the Tata Group and Vedanta, he said. The two governments will discuss the joint exploration of critical minerals such as lithium.

illustrate how media, including films and other entertainment avenues, is exploited by political parties for electoral gains. Ranneeti: Balakot & Beyond is based on the dramatic airstrikes by Indian fighter planes to destroy terror camps in Pakistan's Balakot in February 2019.

₹315 on NSE, same as its issue price. Meanwhile, on BSE, the stock listed at ₹314.30, a discount of 0.22 percent. The ₹3,000 crore initial public offering (IPO) of Aadhar Housing Finance was open for subscription between May 8, 2024 - May 10, 2024, with a price band in the range of ₹300-315.

banana peel that Indian banks were slipping on, recalling that in 2020, RBI had put restrictions on HDFC Bank for technological inadequacies. Another article about the cost of digital banking, while failing to highlight its significant benefits in reducing transaction costs and enhancing financial inclusion, quoted various bankers who put the technology spend of banks at around 10% of their overall expenses.

Prime Minister Narendra Modi’s statements about the Congress Party planning to redistribute the public's wealth to Muslims. Nadda has, instead, urged the poll panel to act against the Congress party for its alleged denigration of Hinduism – India’s foundational religion, a report in the Indian Express said.

Narendra Modi, calling him a strong leader who has taken India to new heights. He expressed confidence that Modi would return as the country's PM for a third term in the 2024 Lok Sabha elections, hoping that Pakistan also gets a leader like him. Tarar relocated to the US in the 1990s and maintains close ties with the ruling Pakistani establishment.

US warned of a “potential risk of sanctions" following India's 10-year agreement to operate the Chabahar Port in Iran, External Affairs Minister S. Jaishankar highlighted that the project will “benefit the entire region".

₹1,176.59 crore from anchor investors on Tuesday, May 14. The company issued 4,32,57,009 equity shares to anchor investors at a price of ₹272 per share, as per the exchange filing.

MSCI May 2024 rejig: In its May 2024 review, MSCI has added 13 stocks, including Canara Bank, JSW Energy, NHPC, Indus Towers, and Phoenix Mills, to its Global Standard Index, according to data provided by Nuvama Alternative and Quantitative Research. PB Fintech, Sundaram Finance, Bosch, Jindal Stainless, Solar Industries, Torrent Power, Mankind Pharma and Thermax were the other stocks that were included in the index. This inclusion signals healthy capital inflow into their shares.

Also Read: Mumbai rainstorm: Who is Bhavesh Bhide owner of 'illegal' hoarding collapsed in Ghatkopar After casting their votes, voters can avail of discounts at different eateries in the metro city under schemes like “Pledge to Vote" and “Democracy discount" on May 20 and May 21. According to an Indian Express report, the “Pledge To Vote" campaign by the Hotel and Restaurant Association (Western India) has included several hotels and restaurants in Maharashtra. These eateries will offer a 10- 20 per cent discount to customers who cast their votes.

Buy or sell stocks for today: Despite mixed global market sentiments, the Indian stock market ended higher for the third straight session on Tuesday. The Nifty 50 index finished 113 points higher at 22,217, while the BSE Sensex gained 328 points and closed at 73,104. The Bank Nifty index gained 105 points and closed at 47,859.

Go Digit IPO, a significant financial event, has opened today. The public issue, which aims to raise ₹2,614.65 crore, will be open for bidders until 17th May 2024. This means the public issue will remain open from Wednesday to Friday.

On Monday, the National Company Law Tribunal deferred a class-action case filed by some shareholders of ICICI Securities (I-Sec) who are up in arms over the company’s move to delist itself and merge with parent ICICI Bank under a plan that won shareholder approval on 28 March. As investors, they were offered 67 shares of ICICI Bank for every 100 of I-Sec, a brokerage business owned nearly three-fourths by ICICI Bank and the rest by the public. As disgruntled minority owners saw it, that share-swap ratio implied their company had been valued at only about half its earnings multiple than at the time it was listed for trading six years ago.

India-Maldives Relations: India has dismissed claims made by Maldivian Defence Minister Ghassan Maumoon, who alleged that Indian military helicopter pilots in the Maldives conducted an unauthorised operation in 2019. In a post on the social media site X (formerly known as Twitter), the High Commission of India in the Maldives issued a statement asserting that Indian aviation platforms in the Maldives have always operated according to “agreed procedures and with due authorisation." “Indian aviation platforms in the Maldives have always operated as per agreed procedures and with due authorization from MNDF.

Myanmar ruling junta’s decision to opt for Russia for building a Dawei deep seaport on the country’s east coast has riled China which was also eyeing to construct the port located close to the Thailand border. The Myanmar junta is keen for Russians to invest in the port project along with a special economic zone including an oil refinery, ET has learnt.

sanctions" after India inked a 10-year agreement for running the Chabahar Port in Iran, External Affairs Minister S Jaishankar emphasised that the project will benefit the entire region and people should not take a «narrow view» of it. He also pointed out that the US itself had appreciated the larger relevance of Chabahar in the past. The EAM was speaking at an interaction after the launch of the Bangla edition of his book 'Why Bharat Matters' in Kolkata on Wednesday.

₹40 lakh for them, which is higher than what a middle-manager gets in these banks," said Upasana Agarwal, partner for professional and financial services at ABC Consultants, an executive search and talent advisory firm. “Their job role will include working with banking domain leaders to train the younger workforce on AI modules." According to Vijay Sivaram, chief executive of Quess IT Staffing, there has been a 30-35% increase in hiring mandates for AI-skilled engineers across sectors over the past year-and-half. Some of the growing demand for AI-skilled employees may be fuelled by market hype, say recruiters.

Indian stock market: The Indian stock market indices, Sensex and the Nifty 50, closed higher for the third consecutive session, despite varying signals from global markets, on Tuesday, May 14. Following a nearly 2 percent decline last week, market benchmarks rebounded this week, buoyed by improved valuations. The medium- to long-term prospects for the Indian stock market remain optimistic, supported by the nation's promising economic growth outlook.

maximum temperature above 40 degree Celsius in the next five days. On the other than, some states including Karnataka, Tamil Nadu, Kerala, West Bengal, Jharkhand, Jammu and Kashmir, Andhra Pradesh, Telangana, and others will have light rainfall.