India Financial News

₹16,29,964) in savings, to be eligible for a student visa, which equals 75 per cent of the national minimum wage. “We will assess applications lodged before ​May 10, 2024, under the financial capacity requirements in effect at the time of application," the press release further noted.

Also Read: Market Meltdown: Indian stocks lag behind global peers in May – key reasons explained According to the brokerage, the country's healthcare expenditure, currently at only 3% of GDP, has historically lagged behind global counterparts due to higher 'out of pocket' expenses (51%), and lower health insurance penetration (39%). However, with diagnostics representing approximately 7% of the healthcare industry, there's significant potential for growth as India focuses on enhancing spending on essential healthcare services.

Punjab National Bank (PNB), one of India's major state-run lenders, is set to complete a significant share sale to institutional investors within the next six months, Chief Executive Officer Atul Kumar Goel has said. The move is part of an effort to bolster the bank's capital reserves, Goel told Reuters in an interview. In December, the bank's board approved a plan to raise 75 billion rupees (approximately $898 million) through equity capital.

Stock market today: Polycab India's share price witnessed strong buying interest on Friday after the company announced its Q4 results for 2024. Beating the street estimates, Polycab India Ltd reported the highest-ever yearly and quarterly revenue and profitability in its fourth quarter results for the financial year 2023-24. This positive financial performance, coupled with the company's strong market position and growth prospects, sparked buying in the Polycab share price.

₹230 per share from ₹170 earlier largely driven by Blinkit and has retained its ‘Buy’ rating on the stock. It values the food delivery business at ₹121 (DCF basis), Blinkit at ₹90 (DCF basis), and cash and other investments at ₹18 (book value).

Demat accounts by today, May 10, or tomorrow, May 11. The company will refund the application money to the investors whose bids were rejected. The refunds will also be made by today or tomorrow Investors can check Indegene IPO allotment status online through the official website of BSE or the portal of IPO registrar.

Also Read | Accel and Fireside will no longer invest in online-only D2C brands in India A spokesperson for the Tata Group-operated airline, which typically runs approximately 380 flights daily, said that normal operations are expected to resume within the next couple of days. The return of the cabin crew has been facilitated by the airline’s support in obtaining the necessary fitness certificates required for them to resume duties.

Also Read: PM Modi's outreach to Vladimir Putin helped avert ‘potential nuclear attack’ on Ukraine in 2022: Report “Most of the countries have taken a stand. We are the only one whose position is very clear. We are not on anyone's side, we are in favour of peace.

companies embrace digital trends. ER&D is the process of turning ideas into tangible products, services, and processes. Now, this segment is evolving from just design and deployment to include maintenance, regular updates, and continuous data analytics.

Stock market today: After bleeding for the five straight sessions, the Indian stock market had a sigh of relief as there was some relief rally in early morning deals on Friday. However, the Indian volatility index, India VIX, continues to remain on the higher side. The India VIX today opened flat at 18.20, but the index soon gathered momentum and touched an intraday high of 18.66.

PTI. Shah during his interaction also added that there has been no precedent of having different coaches for different formats.

We, Indians, hold our traditions and cultural beliefs very close to our hearts, finding significance in the rituals that shape our lives. The auspicious festival of Akshaya Tritiya, falling on the third day of the Hindu month of Vaishakha, carries a sacred message of prosperity and success. Hence, purchasing gold on this day is considered to bring good returns in the long run. Traditionally associated with gold purchases, this festival has evolved into a day for forward-thinking investments.

Bitcoin came into existence in January 2009, the virtual digital asset (VDA) has established itself as the largest cryptocurrency in the world. More than 350 million individuals globally invest in Bitcoin, and the launch of Bitcoin ETFs earlier this year has only ensured its rising popularity and acceptance as an alternate currency, especially among young investors. Bitcoin has also been instrumental in the rise of other cryptocurrencies, the development of blockchain technology and overall growth in the number of individuals associated with it. However, all cryptocurrencies, including Bitcoin, remain unregulated to date and come with the risk of significant volatility. The price fluctuations have long kept millions of investors far away from the world’s oldest cryptocurrency, but the adoption rate of it has increased considerably in the last couple of years. In fact, India is currently the world's second-largest cryptocurrency market by estimated transaction volume, which underlines its rapidly rising popularity.

P Chidambaram on May 10 questioned the silence of Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman over Rahul Gandhi’s demand of enquiry into the Prime Minister’s allegation that the grand old party has received "tempo loads of black money" from industrialists Gautam Adani and Mukesh Ambani. The silence of the two leaders is ominous, said the former Union Minister, Chidambaram. "The Hon'ble Prime Minister had made a very serious allegation: that two prominent industrialists have tempo-filling quantities of cash and they were delivered to the Congress party.

Tata Motors share price having more than doubled in last one year remains in focus ahead of Q4 results today. Tata Motors share price is also trading near the 52-week highs.

Also Read Akshaya Tritiya 2024: Gold price rises ₹40,000 in five years. Experts see up to ₹85K peak next year As per the recent media reports, a lower voter turnout so far in India's general election has raised questions about whether the ruling Bharatiya Janata Party (BJP) and its allies can achieve the landslide victory predicted by opinion polls just a month ago. Meanwhile, the sharp rally in 2023, which continued during the first quarter of CY24, has led to stretched valuations for the market, prompting investors to secure profits.

Indian Oil Corporation Ltd. traded at Rs 158.25 on BSE at 12:32PM (IST) on Friday, up 0.98 per cent from previous close. The scrip quoted a 52-week low price of Rs 83.35 and a high of Rs 196.8.

Congress leader Mani Shankar Aiyar's recent remarks regarding Pakistan have ignited a fresh political controversy, with the Bharatiya Janata Party (BJP) accusing the Congress of having a soft stance towards India's neighbor. In an interview with 'Chill Pill,' Aiyar suggested that India should «respect» Pakistan due to its possession of nuclear weapons. He emphasized the importance of engaging in dialogue with the neighboring country. «They are also a sovereign country (Pakistan). They are a respected nation. You can talk tough with them (Pakistan). But start the dialogue. You are walking with a gun which yielded you nothing. Tensions are escalating. And if a mad person comes there, what will happen to the nation? They have an atom bomb. We also possess the atomic bomb. But if a mad person detonates our bomb at Lahore station, so within eight seconds, eight moments, its radioactivity will reach Amritsar,» Aiyar said in the video going viral on social media.

world will witness a «very, very stormy» churn because of conflicts, power shifts and sharpening competition in this decade, which makes it all the more important for India to have a stable and mature leadership, External Affairs Minister S Jaishankar said. In an exclusive interview to PTI late Thursday, Jaishankar painted a picture of the world radically different from the one we are living in now by the end of 2020s when asked to draw on his nearly 50 years of experience in diplomacy and politics to give an assessment of the global power balance. «Multiple conflicts, tensions, divides! With all these variables that I am putting to you, I am painting to you, actually, a very, very stormy international scene for the balance of the decade,» said Jaishankar, a former ambassador to China and the United States, who was tapped for the political role by Prime Minister Narendra Modi in 2019. Jaishankar especially referred to the declining influence of the United States, the conflict in Ukraine, the fighting in Gaza, attacks in the Red Sea, tensions in the South China Sea, the challenge of terrorism in different geographies and advent of new technologies as the drivers of the «churn».

Sam Pitroda sparked controversy with his 'African' remark, party leader Mani Shankar Aiyar on Friday courted a fresh stir by saying, “Pakistan is a respected nation that also possesses an atom bomb." The clip of Aiyar's remark in an interview with Chill Pill went viral on social media. “They are also a sovereign country (Pakistan). They are a respected nation.

PTI reported. Tarun Kothari, a radiologist and activist, criticized the government's approach at the presser, and said, "The government has wholly ignored the rising number of cases of tragic deaths post-Covid vaccination all the while and continues to promote Covid vaccines as 'safe and effective', without scientific investigation and invoking epidemiology," he said, as quoted by PTI.