India Financial News

Reserve Bank of India (RBI) has appointed R. Lakshmi Kanth Rao as the new Executive Director with effect from May 10. He will take charge over Deposit lnsurance and Credit Guarantee Corporation, Right to lnformation Act (FAA), and Department of Communication, the central bank said.

₹554 crore, while Premji Invest, and its associates, will pick up the remaining 19.26% equity for another ₹132 crore. According to a company statement, the transaction is subject to approvals from the Competition Commission of India, and the Reserve Bank of India. JM Financial acted as the financial advisor to Home Credit India Finance, while Khaitan & Co.

Galaxy S24 Ultra. After updating, however, he recorded eight hours of screen-on time with 26 percent battery still remaining. In addition to extended battery life, the Reddit user also reported a noticeable enhancement in overall performance.

Mallikarjun Kharge had raised valid points in his letter. ECI may refute them, but why take exception to the letter".

Supreme Court on Friday granted Delhi Chief Minister Arvind Kejriwal interim bail till June 1, paving the way for his release nearly two months after his arrest by the Enforcement Directorate in connection with a money-laundering case linked to now repealed Delhi excise policy. Kejriwal could walk out of jail as early as Friday night, but the SC imposed five conditions while granting interim bail to the Delhi CM in the case. The Supreme Court said that the Delhi Chief Minister cannot visit the Chief Minister's Office or the Delhi Secretariat and will not contact any witness in the case besides others.

Mint, project a robust growth trajectory for the full year. Forecasts indicate a potential 15% revenue surge, breaching the $45 billion mark in FY25, compared to $39 billion in the previous fiscal year. Interestingly, this bullish outlook is despite the market volumes, which is expected to remain flat compared to 2023 levels, with projections hovering at 151-155 million units.

mutual fund, investors tend to examine the historical returns delivered by the scheme and compare it to other funds in the same category. Although there are other factors also which make a scheme “investment worthy", investors still base their decision on the scheme’s historical returns vis-à-vis other factors. Here, we shed light on small cap mutual funds, which have given higher annualised returns than 25 percent in the past 10 years.

₹2.5 crore could see a handsome multibagger return of 263%, with the upper price band set at ₹272. This would elevate the value of their investment to ₹9.06 crore, resulting in a notional profit of ₹6.56 crore. In January 2020, the Indian cricketer purchased 266,667 shares at a unit price of ₹75 each through a private placement, resulting in a total investment of approximately ₹2 crore.

Benchmark indices Nifty50 and S&P Sensex ended the week two percent lower this week. The continuous decline in the stock market has given yet another reason to investors to relook at their debt allocation. 

GT Verse. The GT Verse encompasses both the GT 20 Pro mobile and the GT Book laptop, alongside an array of gaming accessories such as the MagCase, Finger Sleeves, cooling fans, RGB mat, RGB headphones, and RGB mouse. The GT 20 Pro smartphone, recently announced globally, comes with a large 6.78-inch FHD+ AMOLED display, featuring a peak brightness of 1,300 nits and a 144Hz refresh rate, ideal for high-speed gaming.

EXIM Bank finances and facilitates India's international trade. Fitch Ratings said it has affirmed the bank's Long-Term IDR at 'BBB-' and its Government Support Rating (GSR) at 'bbb-'.

Virat Kohli and other players of RCB can be seen posing for photographs.A post shared by PUMA India (@pumaindia) Holding a plate of burgers and French fries, Virat Kohli can be seen teasing Dinesh Karthik and then comically quips at Mohammed Siraj, "Miyan thoda pose do, kya waiter ban raha hai tu." (Stand in a good pose; why are you looking like a waiter.) In one more shoot, Virat Kohli can be seen making fun of Rajat Patidar's pose, who is holding a boombox on his shoulder. “Station mein nahi baithte hai woh apna ataichi leke." (Like people sitting in railway stations with their suitcases.) The RCB players were seen having fun during the shoot, engaging in various activities and teasing each other to make the video lively.

Reserve Bank of India and finance ministry, as the stiff provisioning norms can potentially dry up bank finance for infrastructure projects and make loans costlier. The immediate concern for the sector is whether the changes would derail MoRTH’s plan to revive BoT (build operate transfer) projects for highways, where private investment is expected to come after a long interval.

Also Read: Demat Account: How to create long-term wealth? Follow these 6 key steps One key tool that has emerged as a catalyst for advancing financial inclusion is the demat account. In this article, we delve into how a demat account contributes to fostering financial inclusion. Financial inclusion is when everyone can access financial services that can help them build wealth, including savings, credit, loans, equity, and insurance.

₹1,000 crore. The three malls will be acquired from Larsen and Toubro (L&T), a person aware of the development told Mint. Dalip Sehgal, executive director and chief executive at Nexus Select Trust, said in an interview Friday, “It is difficult to name [the malls] since the permissions have not [yet] come in.

Bharatiya Janata Party’s candidate from Chandni Chowk Lok Sabha seat. With a membership of 42 retail associations, FRAI organised an event in New Delhi to support Praveen Khandelwal on May 10. The FRAI representatives said that they want Khandelwal to highlight the interests of retailers in the Parliament.

ChatGPT in November 2022. With its ability to analyze vast amounts of data and provide actionable insights, AI has become indispensable in informing policy decisions and addressing pressing challenges faced by world leaders. During the G20 Summit 2023 hosted by India, the member nations have chosen to adopt a "pro-innovation" regulatory approach, aiming to maximize the benefits of AI while mitigating the associated risks.

small cap allocations so that the portfolio is not highly lopsided towards a particular market capitalization and again is an all-season portfolio. Also, including a fair proportion of all market caps gives a flavour of stable growth to the portfolio. Large caps are more steady and less volatile whereas mid and small caps can give aggressive returns with more volatility.

₹939.04 crore for the March quarter, up 78.64% year-on-year due to higher demand in key markets. The company's consolidated revenue during the quarter rose 7.4% YoY to ₹6,163.24 crore, according to a filing with the exchanges. While the net profit beat profit estimates given by Bloomberg’s poll of analysts, the revenue was below expectation.

₹10 lakh crore in a week as the cumulative market capitalisation of BSE-listed firms has dropped to nearly ₹396.6 lakh crore. Nearly 350 stocks in the BSE 500 index fell 1-23 per cent during the week. The Indian stock market is experiencing significant volatility, as evidenced by the India VIX index, which surged by over 26 per cent this week.

Arvind Kejriwal on Friday, May 10. Kejriwal was arrested by the Enforcement Directorate on March 21 in connection with the alleged scam in the Delhi Excise policy. He was sent to judicial custody later and was lodged in Tihar Jail.