India Financial News

TIVOLT Electric Vehicles, a joint venture between the diversified conglomerate the Murugappa Group and TI Clean Mobility, has drawn up plans to launch e-small commercial vehicles under the 'Montra Electric' brand, the company said. The launch of the e-SCV is expected to bring about a significant change in mid-mile and last-mile mobility sectors. The development of the e-SCV would be a culmination of extensive research and rigorous testing, a company statement said here on Tuesday. «Montra Electric represents our commitment to enhancing life through eco-friendly mobility solutions, ushering in a new era of growth and innovation for us. The electric vehicle industry is experiencing an exciting phase of development, not only in India but globally. We have dedicated our top resources and time to develop this product and are looking forward to the customer response upon its launch in coming months,» said Tube Investments of India (TII), Executive Vice-Chairman Vellayan Subbiah.

cyber criminals posing as police or other law enforcement agencies. The ministry said this is an organised online economic crime operated by cross-border crime syndicates. Across the country, several victims have lost large amounts of money to such criminals, it said. «A large number of complaints are being reported on National Cyber Crime Reporting Portal (NCRP) regarding intimidation, blackmail, extortion and 'digital arrests' by cyber criminals posing as police authorities, Central Bureau of Investigation (CBI), Narcotics Department, Reserve Bank of India (RBI), Enforcement Directorate and other law enforcement agencies,» the MHA pointed out in its statement. Elaborating on the modus operandi of these fraudsters, the ministry claimed that they typically call a potential victim and inform that he or she has sent or is the intended recipient of a parcel, which contains illegal goods, drugs, fake passports, or any other contraband item. Sometimes, they also inform that a near or dear one of the victims has been found to be involved in a crime or an accident and is in their custody. The fraudsters will then demand money to compromise the 'case', the ministry elaborated.

RX Propellant has secured the first ‘IFC-EDGE Advanced’ Certified Speculative Life Sciences Building globally for 3GV, one of the pharma and life sciences facilities located at Genome Valley, Hyderabad. Rx Propellant that specialises in life science real estate projects across India has portfolio in Hyderabad, Bengaluru, and Mumbai. The company has taken the helm in developing 3GV as a flagship life sciences and pharma centre, with a total built-up area of 150,000 sq. ft.

European carmaker Stellantis says it will begin selling electric vehicles from its Chinese partner Leapmotor in nine European countries later this year

Energy, railways, data centres may drive Siemens’ growth Earlier, ABB India Ltd had structured the demerger of its power transmission business similarly, mirroring the shareholding of investors in the new entity before selling its stake to Hitachi. "Demerging the company and mirroring the shareholding of minority investors is a much cleaner way to do this transaction," said Shriram Subramanian, the managing director of proxy advisory firm InGovern. Siemens Ltd has earlier faced shareholder ire in India when the company proposed to sell its low-voltage motors and geared motors to group company Siemens Large Drives India Private Limited.

American sectors. “Indian sector got less affected as the main hit of the storm happened in the early morning of 11th May, when ionosphere has not developed fully. Also, being at lower latitudes, widespread outages haven't been reported in India.

brought a large number of forces to our border and they did it at the time when we were under Covid lockdown." To the Galwan clash, "India responded by counter deployment of forces", he said. Four years since the clash, that left 20 soldiers dead, forces have been deployed ahead of the normal base positions at Galwan Valley. “We responded by counter-deploying our forces.

Salman himself apologises, the Bishnoi society will consider the apology as the mistake was not made by Somy Ali, but by Salman. No one else can apologise on his behalf. If he himself comes to the temple and seeks forgiveness, our samaj (community) could think about forgiving him because one of our 29 rules is forgiveness.

₹3.02 crore, shows his election affidavit. PM Modi's total income also went up from ₹11.14 lakh in 2018 to ₹23.56 lakh in 2023. Narendra Modi on Tuesday filed his nomination from Varanasi Lok Sabha constituency in Uttar Pradesh.

Indian Express report, Chennai Super Kings coach Stephen Fleming might succeed Rahul Dravid as the coach of the Indian cricket team. Stephan Fleming, the former New Zealand captain, has held CSK's coach position since 2009, and the franchise won five IPL trophies under his guidance. The Indian Express mentioned some highly placed sources claiming that Stephan Fleming was seen as a suitable candidate after Rahul Dravid's contract ended.

Amid world-shaking crises in the Middle East, Europe and the Indo-Pacific, the news from Niger might seem unimportant. Yes, American troops are making an ignominious withdrawal as Russian forces sashay into the same Nigerien air base hosting U.S. personnel.

₹600 crore to establish two ethanol plants in Andhra Pradesh and Madhya Pradesh, each with a production capacity of 200 kilolitres per day. The move, in line with the government's 2025 ethanol-blending target, will help the oil-refining to fuel-retailing major achieve vertical integration, the company said in a statement. Land has already been acquired for the proposed facilities in both states, it added.

Having been introduced on May 1, 2009 for all citizens of India; National Pension System (NPS) has recently completed 15 years of its existence.

India's Ministry of Agriculture and Farmers Welfare, Google Arts & Culture today launched a new digital exhibit, "Millets: Seeds of Change," said Google Arts and Culture in a media release. «The digital exhibition highlights the history of millets from ancient grains to modern-day superfoods, as well as their nutritional benefits, contribution to global climate resilience, and potential to address global food security challenges,» the release added. Launching the exhibit at Krishi Bhavan, Manoj Ahuja, Secretary, Department of Agriculture and Farmers Welfare said,“When India spearheaded the UNGA resolution to declare 2023 the International Year of Millets, we did so with the objective of sharing our agricultural practices and experiences with the world. We were gratified to see ‘Shree Anna’, which holds immense potential for multiplier impact — including offering India’s small farmers a doorway to prosperity — receiving interest during the global G20 Summit. Our hope and ambition is that the conversations that have been generated over the past year translate into the advantages of millets spreading farther and wider.”

profit after tax (PAT) to Rs 379.8 crore in the March quarter. The company had posted a PAT of Rs 316.2 crore in the same quarter a year ago, Colgate-Palmolive (India) said in a regulatory filing. The company's net sales in the quarter under review increased to Rs 1,480.7 crore from Rs 1,341.7 crore in the same period a year ago, it added.

NEW DELHI : Nigeria’s decision in February to devalue its currency for the second time in eight months as part of what are seen as market-friendly reforms have ended up severely hurting Bharti Airtel Ltd. Factoring out its African operations, however, India’s second-largest telecom services provider rang in improved financials for the March quarter, as it added nearly 8 million new subscribers while reducing customer churn. Bharti Airtel reported foreign exchange losses of ₹2,544 crore from its African subsidiary, which contributed to dragging down its fourth-quarter consolidated profit by 31% to ₹2071.6 crore.

Zerodha Mutual Fund announced that Zerodha Nifty 1D Rate Liquid ETF crossed Rs 1,000 crore assets under management (AUM). The unique scheme from the fund house marked the arrival of Liquid ETFs that offer a growth NAV for the first time in India, according to a press release from the fund house. The fund was launched on January 24. Zerodha Nifty 1D Rate Liquid ETF is benchmarked against the Nifty 1D Rate Index, which measures the returns generated by market participants lending in the overnight market. The ETF primarily invests in TREPS (Treasury Bills Repurchase) traded on the CCIL (Clearing Corporation of India Ltd) platform. As the investment is made in overnight debt products backed by treasury bills, it carries a relatively low credit risk and low-interest rate risk.

retail investors of the perils associated with the derivatives market stressing that «unchecked explosion» in the riskier futures & options (F&O) may potentially create problems in household finances. «Any unchecked explosion in retail trading in F&O can create future challenges not just for the markets (but) for investor sentiment and also for household finances,» the FM said and PTI reported.

Car sales in the local market rose 1.3% to 335,629 units last month, and automakers attributed the tepid pace of growth to tapering off of the post-pandemic pent-up demand that sustained for the last two financial years. Though the growth rate moderated in April, it was the fourth consecutive month when sales volume in the local market set a new record, as per data from industry body Society of Indian Automobile Manufacturers (SIAM). Two-wheeler sales posted strong growth, increasing 30.8% from a year earlier to 1,751,393 units. Three-wheeler sales rose 14.5% to 49,116 units.

Patanjali Foods reported a 22% fall in fourth-quarter profit on Tuesday, as sluggish demand dragged overall sales down in its mainstay edible oils business amid a surge in expenses. The Ruchi Gold oil maker's profit fell to Rs 206 crore (around $25 million) for the quarter ended March 31, from Rs 264 crore a year earlier.

H.E. Dr. Noura Khamis Al Ghaithi, Undersecretary of the Department of Health – Abu Dhabi