India Financial News

Campaigning for the fourth phase of the Lok Sabha elections ended on Sunday, with 10 states in the fray in this leg of the polls. Scheduled for Monday, May 13, the fourth phase will see 96 constituencies, across 10 states and union territories, vote in the general elections. In this leg of the polls, there are 4,264 candidates in the fray, with the Telugu states of Andhra Pradesh and Telangana alone accounting for 1,103 and 1,488 candidates.

Maruti Suzuki India expects its CNG car sales to rise over 30 per cent to around 6 lakh units this fiscal, according to a senior company official. The country's largest carmaker also aims to export around 3 lakh units in the ongoing financial year. «So CNG, this year, we did about 4,50,000 (units) in passenger vehicles. We are hoping to do something like 6,00,000 vehicles in FY24-25,» Maruti Suzuki India Executive Director Corporate Affairs Rahul Bharti said in an analyst call. The company sells CNG trims across various models like WagonR, Brezza, Dzire, and Ertiga, among others in the domestic market.

Amit Shah on Sunday said Congress leader Rahul Gandhi can be scared of «atom bomb» but the BJP is not, and that Pakistan-occupied Kashmir belongs to India and «we will take it». He was referring to Congress leader Mani Shankar Aiyar's remarks on Pakistan having an atom bomb. Addressing an election rally in Pratapgarh in support of BJP candidate from Kaushambi (SC) Lok Sabha seat, Shah said, «Rahul baba, if you want to be scared of the atom bomb, then be scared, we are not scared. Pakistan occupied Kashmir belongs to India and we will take it.» In a video which had gone viral, Aiyar was heard saying that India should give respect to Pakistan as it is a sovereign nation and engage with it as it also possesses an atom bomb.

rally, Paytm shares remain in the sell-on-rise category as selling is expected at higher levels, says Rupak De, Senior Technical Analyst at LKP Securities. “Therefore, sellers might return at those higher levels. On the other hand, a short-term trader might consider buying this stock with a stop loss at Rs 334 for an upside target of Rs 368/390,” he says.

Akshaya Tritiya or Akha Teej is considered as an auspicious day for buying valuable assets, be it gold and diamond jewellery, vehicles or real estate. It is believed that purchasing these assets on Akshaya Tritiya ushers in good luck, success and prosperity in various facets of life. Among all these assets, buying gold stands out as a timeless tradition because people can buy this precious metal even with small amount. In this digital era, gold buying pattern too has undergone a massive change. Now there are a range of options available for people to invest in gold such as digital gold, gold ETFs, gold bonds, apart from physical gold.

Earlier this week (May 9, 2024), Indian Space Research Organisation (ISRO) accomplished the significant achievement of conducting a successful hot test of a liquid rocket engine that was produced using additive manufacturing (AM) technology. The test lasted 665 seconds and involved the utilization of the PS4 engine, which is part of the PSLV upper stage. AM, also known as 3D printing, involves layer-by-layer material addition to create objects from digital models, allowing for complex designs and efficient material usage.

India’s real estate sector is experiencing a paradigm shift and transforming the landscape in tier 2 and tier 3 cities. The picture recent projections present of real estate prospects in these emerging markets is highly promising.

Prime Minister Narendra Modi’s recent comments regarding the appreciation of LIC share prices have captured widespread attention. Shareholders are rejoicing the high market value of LIC shares, anticipating favorable returns should they decide to liquidate their holdings. However, amidst this excitement, an important point is being overlooked: the purpose of life insurance extends beyond seeking short-term returns from its shares. Due to its unique nature, which differs from other investment products, the public often undervalues and misunderstands life insurance.

Akshaya Tritiya 2024: Akshaya Tritiya, a significant spring festival for the Hindu and Jain communities, is being celebrated today across the country. Buying precious assets, including gold, on this day has cultural significance. Traditionally, people have been buying physical gold on Akshaya Tritiya every year, but with each passing year especially in the wake of the arrival of new ways of gold investment, this pattern has been changing slightly.

The Central Depository Services India Ltd (CDSL), the second-largest Indian central securities depository, has announced a reduction in transaction charges.

Fintech platform Zeta has announced the launch of its ‘Digital Credit’ as a service offering.

Real estate markets in non-metros or Tier-2 cities continue to grow by leaps and bounds, in the process outperforming many metros in terms of investment and demand growth. This massive rise in real estate investment in non-metros can be attributed to various factors.

Mumbai-based Suraj Estate Developers Ltd, having specialisation in redevelopment projects, has announced its audited financial results for the quarter and full year ended March 24.

In India (and world over), single-income households are becoming increasingly common. This can take different forms from a single parent household to supporting elderly parents, many families find themselves relying on one earner.

Akshaya Tritiya is considered auspicious for buying valuable assets, including gold and silver, by Indians. Every year, the demand for gold rises ahead of Akshaya Tritiya or Akha Teej, which is celebrated across the country on the third day or ‘tritiya tithi’ of Shukla Paksha. This year, Akshaya Tritiya will be celebrated on May 10, 2024.

Question: What are the consequences of PAN becoming inoperative due to non-linkage to Aadhaar? Any further clarifications from the government in this regard?

In a news that has brought cheers to the Indian realty market, Knight Frank and CII have reported that the sector will grow three-fold in the coming decade and is expected to reach USD 1.5 trillion by 2034, contributing 10.5% of the country’s total economic output, translating a phenomenal increase of 3.2%. At present, the sector’s contribution to the GDP is 7.3%.

₹1,73,097.59 crore. This trend was largely influenced by weak equities, as indicated by the BSE benchmark plummeting by 1,213.68 points or 1.64 percent during the same period. HDFC Bank experienced the most significant setback, with its market valuation plunging by ₹60,678.26 crore to ₹10,93,026.58 crore.

PM Modi stresses empowerment, infrastructure growth in pre-election interview "Having filled the gaping holes left by 60 years of Congress rule in our first term and putting India on a fast track of growth in our second term, our third term will be an era of accelerated development at a scale never seen before," Prime Minister Modi said. PM Modi interview: ‘People tired of..,’ PM claims saffron sweep in South India In the third term, the biggest theme of the BJP government would be about imparting momentum across sectors towards the realisation of making India a developed country by 20247, PM Modi said. "A lot needs to be done and will be done.

NEW DELHI : Radihika Khanijo is busy planning vacations this summer for a few uber wealthy clients to a destination that hadn’t been on her luxury travel firm’s radar ever before: South Korea. The Asian country is suddenly on the map of Indian travellers, says the founder of Welgrow Travel, and part of the reason is its easy visa process. “South Korea is seeing a big rise in travel demand from discerning travellers.

Also read | Thank the productivity paradox: AI isn’t the job killer it’s feared to be To some extent, this explains how HCL Tech bucked the trend. Its revenue growth outpaced that of Infosys and Wipro in all four quarters of the previous fiscal year, while it beat that of TCS in two quarter, and nearly equalled it in one. TCS’s human resources head said the company has been “focusing more on utilising the capacity that we have built over the prior years".