India Financial News

Pakistan being discussed when elections are taking place in India and the unemployment rate here is at a 45-year high, Congress leader Priyanka Gandhi Vadra asked on Friday as she hit back at the BJP on the row over Mani Shankar Aiyar's remarks. She also asked the ruling party to fight the polls on real issues. In an exclusive interview with PTI, Priyanka Gandhi accused the BJP of raising the Hindu-Muslim rhetoric to win the elections and asserted that the people don't want the polls to be contested on the basis of religion and caste. «People are saying you've (the BJP) won two elections on religion and now move forward from that,» the Congress general secretary said.

Reliance Jio and Bharti Airtel’s net worth has improved sharply since the last spectrum auction in August 2022 even as Vodafone Idea’s negative net worth widened amidst its continuing financial struggles. In the upcoming auction, scheduled to start on June 6, the three private telecom players will be competing for Rs 96,317.65 crore worth of 5G airwaves. As per details submitted by the companies to the Department of Telecommunications (DoT), Reliance Jio’s net worth at the end of March 31, 2023, stood at Rs 2,15,992 crore. In the last auction, the wholly owned subsidiary of Jio Platforms, had a net worth of Rs 1,97,790 crore. Similarly, Airtel’s net worth has risen to Rs 86,260 crore as on December 31, 2023, from Rs 75,886 crore in the last auction.

Delhi Chief Minister Arvind Kejriwal's wife Sunita Friday hailed the Supreme Court's decision granting interim bail to her husband as a "victory of democracy" and said the relief is the result of prayers and blessings of millions of people. In a major relief to Kejriwal, the Supreme Court granted him bail till June 1 to campaign in the ongoing Lok Sabha elections. Elections in Delhi will be held in the sixth phase on May 25. The AAP is contesting in four of the seven seats as part of a seat-sharing arrangement with INDIA bloc partner Congress. Arrested in a money laundering case linked to the alleged excise policy scam, Kejriwal will have to surrender and go back to jail on June 2. June 1 is the last day of the seven-phase elections. The votes will be counted on June 4.

Google to file its reply to appeals filed by KukuFM, Shaadi.com and the Indian Broadcasting and Digital Foundation (IBDF) against a Competition Commission of India order. The antitrust regulator in a March 20 order had denied them interim relief in a case over the fee levied by the tech giant for listing apps on its Play Store. The appellate tribunal will likely take up the matter on May 24.

Dangee Dums Ltd.(up 2.93%), Bikaji Foods International Ltd.(up 2.82%), Sheetal Cool Products Ltd.(up 2.16%), Mrs. Bectors Food Specialities Ltd.(up 1.96%), Heritage Foods Ltd.(up 1.83%), Bajaj Consumer Care Ltd.(up 1.64%), Hindustan Unilever Ltd.(up 1.59%), Varun Beverages Ltd.(up 1.27%), Colgate-Palmolive(India)Ltd.(up 1.24%) and Marico Ltd.(up 1.00%) stood among the top gainers.

Capital Small Finance Bank is eyeing a 22-24% advances growth in FY25, double of the pace it achieved last fiscal while it is eying geographic expansion to support it. The Jalandha-headquartered lender is also planning a foray into Jammu with a couple of branches. «After raising growth capital, we are now poised to grow faster,» executive director Munish Jain told ET. «Last year our growth was subdued as we were highly leveraged. We were waiting for the growth capital, he said. Its gross advances rose just about 12% year-on-year to Rs 6,160 crore.

Hindustan Zinc jumped over 18.65% to hit a new high of ₹541 apiece, and Hindustan Copper and Vedanta also gained over 4% in today's intraday trade. Other stocks such as Steel Authority of India, Jindal Stainless, JSW Steel, NALCO, Hindalco Industries, NMDC, Jindal Steel & Power, and Ratnamani Metals & Tubes are currently trading with gains between 0.5% and 2%. Recent U.S.

On the BSE, Intellect Design(down 14.54 per cent), Mahaan Foods(down 14.10 per cent), Suraj Ltd(down 13.14 per cent), Parmax Pharma(down 11.52 per cent) and Gujarat Intrux(down 10.30 per cent) stood among the top losers in today's trade.

Shares of Coforge Ltd.(up 3.81 per cent) and Persistent Systems Ltd.(up 0.3 per cent) ended the day as top gainers in the pack.

soof patch embroidered on the back of the white jacket by artisans in Gujarat’s Palanpur, at a London party. Each of the 80 pieces was global, with an India signature. At its heart, the show, titled Legacy Of Deft Hands, served yet another reminder of what has long been known: Indian artisans have the skills to create work that can be as much part of daily wear as haute couture around the world, and all they need is guidance of homegrown designers to create global designs.

News18, “Efforts were made that Jharkhand CM and Delhi CM don't campaign in Lok Sabha Elections. But now, Delhi CM can campaign for the remaining period. This is not a victory of AAP or India alliance, but the victory of the people of India." TMC leader Majeed Memon said that it was very difficult to justify or appreciate ED's strong opposition to bail.

National Company Law Tribunal (NCLT) has admitted listed firm India Steel Works Ltd under the insolvency resolution process in an application filed by its operational creditor Stecol International Pvt Ltd. The tribunal has also appointed Vallabh N Sawana as the interim resolution professional (IRP). India Steel Works has said in its stock exchange filing that it is in the process of filing an appeal at the National Company Law Appellate Tribunal (NCLAT) for urgent relief in the matter. “This bench hereby prohibits the institution of suits or continuation of pending suits or proceedings against the corporate debtor (India Steel Works) including execution of any judgment, decree or order in any court of law, tribunal, arbitration panel or other authority,” said the division bench of judicial member Reeta Kohli and a technical member Madhu Sinha in its order of May 8.

Celebrations erupted at AAP's office in Delhi after the Supreme Court granted interim bail to Chief Minister Arvind Kejriwal till June 1. Jubilant workers danced and raised slogans such as "Jail ke taale toot gaye, Kejriwal ji choot gaye". In a major relief, the Supreme Court on Friday granted Kejriwal interim bail to campaign in the Lok Sabha elections. A bench of Justice Sanjiv Khanna and Justice Dipankar Datta said Kejriwal, arrested in a money-laundering case linked to the alleged excise policy scam, will have to surrender and go back to jail on June 2.

Narendra Modi on Friday said some in the opposition want to bury him alive, but people of the country are his security shield and they won't let any harm come to him. Lashing out at the opposition Shiv Sena (UBT) headed by former Maharashtra CM Uddhav Thackeray, the BJP stalwart asserted the «nakli (fake) Shiv Sena» abuses him in such a way that it pleases its «favourite vote-bank». «The nakli Shiv Sena wants to bury me alive. They abuse me in such a way that it is liked by their favourite vote-bank. They also take a bomb blast accused for election campaigning,» Modi said while addressing a campaign rally in north Maharashtra's Nandurbar in support of BJP candidate Hina Gavit. The BJP on Thursday claimed 1993 serial bomb blasts accused Iqbal Musa alias Baba Chauhan was seen in a Lok Sabha campaign rally of Shiv Sena (UBT) Mumbai North West candidate Amol Kirtikar. The allegations were denied by Musa as well as Kirtikar, both of whom claimed they did not know each other. He maintained the opposition has lost people's support and trust, and that is why their political space is shrinking.

Election Commission of India on Friday criticised Congress President Mallikarjun Kharge for allegedly 'obstructing' the ongoing Lok Sabha elections. The commission has termed Kharge's views as 'aggression on vitals of live election operations.' "Baseless allegations regarding release of voter turnout data in middle of ongoing polls are designed to create confusion, misdirection and impediments in the conduct of free and fair polls. Utterances can have negative impact on voters’ participation and demoralize the large election machinery across states," news agency ANI quoted EC as saying. “The pattern in series of past, present irresponsible statements from the Congress party is disconcerting,” the commission said.

demat account, which you can open with a Depository Participant (DP) authorised by the Securities and Exchange Board of India (SEBI). A demat account allows you to hold securities in electronic form. DPs register the accounts with either the National Securities Depository Limited (NSDL) or the Central Depository Services Limited (CDSL).

Hindustan Times, BCCI's recent attempts at scouting for a new head coach didn't go that well, as reputed coaches are shying away from devoting ten months of the year to a national team. Moreover, BCCI Secretary Jay Shah clarified that the board is seeking a long-term contract. "We are looking for a long-term coach, for three years," he said while speaking with select media on Thursday.

UK on 10 March this year. In the UK, the day is also known as Mothering Day. The day is celebrated three weeks before Easter Sunday and falls during the time of Lent.

Servotech share price: Despite the challenging market conditions, Servotech Power Systems Ltd declared its Q4 results 2024 on Thursday, showcasing a remarkable revenue growth of 13.89% in Q4 FY24 to ₹136.65 Cr & a growth of 27.49% in the year ended FY24 to ₹355.26 Cr on a YoY basis. The company's profitability also demonstrated its resilience, with PAT increasing by 6.69% to ₹11.80 Cr in FY24. EBITDA increased by 18.05% to ₹22.36 Cr in FY24, a testament to its increased operational efficiency and the ability to generate higher-value products.

NEW DELHI : Nasdaq-listed ReNew Energy Global Plc. has signed five deals to sell 2.2 GW of renewable energy capacity to state-owned entities, significantly expanding its fully contracted renewable energy portfolio. Of these deals, three solar power purchase agreements (PPAs) totalling 800 MW were signed with NTPC Ltd, Damodar Valley Corp (DVC), and Solar Energy Corp of India Ltd.

$4.67 billion by 2032 at a CAGR of 18.08%. Service providers say there is robust demand in both rural and urban areas but the coverage in India is still low. They believe that the need of the hour is to bridge the gap of accessibility to tap that demand.