India Financial News

3P Land Holdings, Advanced Enzyme Technologies, APL Apollo Tubes, ATV Projects India, Banswara Syntex, Bridge Securities, CCL Products (India), Control Print, Dharani Finance, DJ Mediaprint & Logistics, D-Link (India), Dolphin Offshore Enterprises (India), Gayatri Bioorganics, Gold Coin Health Foods, Gujarat Containers, Hi-Tech Pipes and India Tourism Development Corporation will release their Q4 results today. Jaiprakash Associates, Meghmani Organics, Panchmahal Steel, Progrex Ventures, RAS Resorts & Apart Hotels, Shalimar Agencies, Scan Steels, Sheetal Cool Products, Siyaram Silk Mills, Savita Oil Technologies, TVS Srichakra and Vishwaraj Sugar Industries are also among 29 companies scheduled to post their Q4FY24 earnings on May 11.

Analysts at most top brokerages raised or retained share price targets on State Bank of India after the lender reported strong March quarter results. The stock fell 0.36% to close at ₹816.85. Analysts said the state-owned lender's results, which beat estimates, were driven by better net interest margins (NIM) and other income, but deposit growth was lagging. However, the management guided for loan growth of 13-15%, prompting analysts to raise estimates.

trend in the week gone by as valuation concerns clouded the already uncertain outlook that was prevailing due to general elections. The downtrend was particularly visible in the broader market, where both the BSE mid- and small-cap indices lost nearly 4% each.

Weather update: IMD forecasts rain, thunderstorm in THESE states. Details here The India Meteorological Department said that winds over 50 kmph were reported in Delhi at 10 pm on Friday. With strong winds, a signboard fell and damaged two vehicles, including an ambulance, in the Dwarka More area.

On This Day: Key events in history on May 11; From ex-Nazi official Adolf Eichmann's arrest to passing of Bob Marley National Technology Day is being celebrated on May 11, 2024, which falls on a Saturday. Each year, a theme for the event is chosen by the Technology Development Board (TDB).

Hindutva of the Bharatiya Janata Party and the Shiv Sena (UBT), Maharashtra former Chief Minister Uddhav Thackeray on Friday asserted that their brand of Hindutva «lights the stoves» in people's homes and the BJP's Hindutva «burns their homes.» «There is a vast difference between the Hindutva of the BJP and ours. Our Hindutva lights stoves in houses, but the BJP's Hindutva burns houses,» Uddhav said on Friday while addressing a gathering in Maharashtra. He further alleged that the Prime Minister was exerting pressure on the judiciary while appealing to the Supreme Court to ensure «legal equality» for everyone.

University of Texas at Austin (UT Austin) and Rice University in Houston have been recognized by Forbes magazine as being among the top universities in the United States, similar to the prestigious Ivy League institutions. Forbes developed their own criteria for this ranking, excluding the traditional Ivy League schools and other well-known universities. Schools were evaluated based on factors like attracting high-achieving students, employer satisfaction, and admissions selectivity. UT Austin and Rice University are joined on the Forbes' list by other well-respected public universities like the University of Michigan and University of Virginia, along with private institutions like Johns Hopkins University and Carnegie Mellon University.

Tata Motors, India's largest automaker by revenue, trumped Street expectations with a more than threefold surge in net profit in the March quarter propelled by strong performances across its three business verticals. The parent of British luxury carmaker Jaguar Land Rover Automotive Plc reported a net profit of ₹17,528 crore in the three months ended March 31 compared with ₹5,496 crore a year earlier. Profit got a boost from a deferred tax credit of ₹9,500 crore.

defence ties, India and France will conduct the 7th edition of the Joint Military Exercise 'Shakti' from May 13-26 in the Umroi region of Meghalaya. The exercise aims to enhance the joint military capacity of both sides to undertake Multi-Domain Operations in a Sub Conventional scenario, the Indian Army said. Additionally, the joint exercise will facilitate the development of interoperability bonhomie, and camaraderie between the Armed Forces of both nations.

Jaishankar said in Amritsar on Friday that Indians have to pay a fee of USD 20 to visit Kartarpur Sahib, which was imposed by Pakistan, but no fee should be charged for it. Jaishankar said this during an interactive session in Amritsar. After attending the nomination filing of the BJP candidate from Amritsar Lok Sabha constituency, Taranjit Singh Sandhu, on Friday, Jaishankar clarified that 'Kartarpur is not only in our hands. We have to make an agreement with Pakistan, adding, «The USD 20 dollar fee that I remember, this was not implemented by us, it was by Pakistan.»

thunderstorms and lightning on Saturday, the India Meteorological Department (IMD) said. Heavy Rainfall and Thunderstorms Forecast «Light to moderate rainfall accompanied by thunderstorms and lightning is likely over Uttarakhand, Tamil Nadu, and Rajasthan during the next 3 hours,» IMD posted on X.

Financial Times, tries to answer in her book Code Dependent: Living in the Shadow of AI through 10 stories of individuals whose lives have been affected by AI and AI systems. These stories from across the world look at everyone from gig workers (systematically underpaid and undercut by AI algorithms) to doctors and activists (who are profiled using facial recognition AI). In India, we learn about a doctor using an AI app to analyse patient X-rays and estimate the risk of tuberculosis.

Arvind Kejriwal, the Chief Minister of Delhi, has re-entered the election fray, providing a significant boost to the Aam Aadmi Party (AAP) and the INDIA bloc's Lok Sabha campaign. Granted interim bail by the Supreme Court for election purposes, Kejriwal is wasting no time in leading the party's campaign. Kejriwal will kick off his campaign with a roadshow in south Delhi, scheduled for Saturday, where he will be joined by Punjab Chief Minister Bhagwant Mann. Known for his ability to draw large crowds, Kejriwal is expected to be the star campaigner for the AAP. Kejriwal's Return to the Campaign Trail

Alternative Banking Options: Despite the closures, customers can continue to manage their finances using mobile and net banking services. These platforms offer a range of financial services that are accessible even on bank holidays. The Reserve Bank of India (RBI) classifies bank holidays under three categories: Negotiable Instruments Act Holiday, Real Time Gross Settlement Holiday, and bank account closures.

Gukesh D and the rise of Indian chess Granted, the results were announced 15 minutes later, but the teenager revealed a remarkable stoicism, which is probably what gets one to that level in chess—apart from, of course, mental agility, hours of practice and razor-sharp focus. Over the past few years, India’s chess players have exhibited all of this on the world stage and steadily climbed the ranks, and this week we delve into everything that has led to this moment.

₹72,722 per 10 grams. The yellow metal opened at ₹71,730 level and gained over ₹1,000 during the day to hit a high of ₹72,888 led by strong demand on account of Akshaya Tritiya. MCX silver price closed 0.09% higher at ₹84,984 per kg after opening at ₹84,761 and hitting a high of ₹85,812 during the day.

Zerodha, Motilal Oswal and Kotak Securities have begun seeking self-declarations from clients stating that such positions are taken only against unhedged exposure within the $100 million limit across all foreign exchange contracts stipulated by the Reserve Bank of India (RBI). On 5 January, the RBI said while users could take exchange-traded currency derivatives (ETCD) positions in dollar, yen, euro and pound with rupee as the other pair up to $100 million across all recognized exchanges, without having to establish underlying exposure, the exchanges must inform them that they should be able to establish the existence of a valid underlying exposure which has not been hedged.

Mint showed. Projections from the economists varied between 4.70% and 5.10%, with only four anticipating the inflation rate to exceed 5%. The official data is set to be released on 13 May.

In Praise of Shadows, says, “In making for ourselves a place to live, we first spread a parasol to throw a shadow on the earth, and in the pale light of the shadow we put together a house." He goes on to cite the example of Western houses, which he says are built to create as few shadows as possible and “to expose the interior to as much light as possible". Tanizaki’s piece is essential reading on aesthetics and the psychology behind design decisions; many designers and architects swear by it.

United Nations General Assembly just before it passed a resolution for supporting full membership of Palestine. The UNGA on Friday voted overwhelmingly for a resolution asking the Security Council to make Palestine, which has UN observer status, a full member. The resolution was passed by a resounding majority of 143 votes in favour including by India while 25 countries abstained, and nine nations, including the United States and Israel, voted against it.

Ecommerce firm Meesho has closed a $275 million funding round through a mix of primary and secondary share sales, two people aware of the matter said. A regulatory filing with the US Securities and Exchange Commission (SEC) also indicated share transfer at Meesho’s US parent firm without offering further details.