India Financial News

Under The Bridge premiered on Hulu for US viewers on April 17, starting with two episodes. New episodes will be released every week. In India, the series will be available on Disney+ Hotstar.

Aadhar Housing Finance IPO Day 3: The initial Public Offering (IPO) of Aadhar Housing Finance Limited hit the Indian primary market on 8th May 2024 and bidding for this public issue will end today evening. This means investors have just one day in hand to apply for the public offer. The company has fixed Aadhar Housing Finance IPO price band at ₹300 to ₹315 per equity share.

₹22,000 crore in May 2024. FIIs offloaded Indian equities worth ₹22,858 crore within the first six market sessions so far in May 2024.

Stock Market News: Domestic equity benchmark indices, the Sensex and the Nifty 50, began Friday's session in green amid positive global cues. Due to investor risk aversion during the ongoing election sessions, the domestic market saw heavy selling pressure on Thursday. However, because there aren't any significant positive triggers, analysts predict that this volatility will continue in the near future.

₹2 lakh if the grand old party comes to power," he said while addressing an election rally in Ratlam. He also spoke about the ‘Mahalaxmi Scheme’ announced in the Congress manifestofor the Lok Sabha Elections 2024, which says, “one woman from every poor household" will get ₹1 lakh annually. State BJP spokesperson Narendra Saluja slammed the Congress party over Bhuria's “two wives" statement, asking the Election Commission of India to take action on the matter.

Read here: Gold up 1% after US jobs data: 5 reasons behind yellow metal's appeal in 2024 Gold's potential for long-term appreciation and its role as a hedge against inflation make it an attractive investment option, especially during auspicious occasions like Akshaya Tritiya. However, experts suggest being cautious due to gold's high domestic prices and potential for a technical correction in the immediate term.

The Nifty future closed negative with losses of 1.43% at 22072 levels on Thursday. India VIX was up by 6.56% from 17.08 to 18.20 levels.

global peers, Indian benchmark equity indices opened higher on Friday, led by auto and energy stocks. The BSE Sensex was trading 270 points higher at 72,674, while the Nifty50 was trading at 22,051, up 94 points, around 9:33 a.m.

stocks are under F&O trade ban on Friday viz. Aditya Birla Fashion and Retail (ABFRL), Balrampur Chini, Biocon, Canara Bank, GMR Airports and Infrastructure, Piramal Enterprises (PEL), Punjab National Bank (PNB), Steel Authority of India (SAIL), Vodafone Idea and Zee Entertainment Enterprises. The latest entrants are Canara Bank and PEL.

green energy sector has been on an uptrend, solar companies are being seen as the biggest beneficiary of the push towards renewables with both Ambanis and Adanis vying for a piece of the pie. Smallcap solar company Waaree Renewable Technologies has been the top gainer in the solar pack with a mind-boggling annual return of 1,318%, followed by 561% gain in WAA Solar, 393% in Zodiac Energy and 236% in SJVN.

Akshaya Tritiya is also referred to as Akha Teej, which is associated with the worship of the deities of wealth, namely Lord Vishnu and Goddess Laxmi. This year, Hindus in India will celebrate this auspicious day on Friday, May 10. This occasion is significant among Hindus because it is believed that Lord Parsurama was born on this day. Lord Parsurama is considered the sixth form of Lord Vishnu, and this day is also associated with the time when Lord Ganesha began writing the Mahabharata. The story behind Akshaya Tritiya is that during the visit of the easily angered sage Durvasa, Krishna ate a small particle from his bowl on this very day. This act deflected the wrath of the sage and saved the Pandavas from his curse. However, Hindus celebrate this festival on the birth anniversary of Lord Parasurama. On this holy day, we have created a list of quotes and messages related to the occasion for your loved ones. Let us take a look. Wishes on Akshaya Tritiya. May the blessings of Lord Vishnu bring prosperity and abundance to you and your loved ones on this special occasion of Akshaya Tritiya. Warm wishes for a joyful Akshaya Tritiya 2024!

(This story originally appeared in on May 10, 2024)

Proximus is aiming to double its revenue from the digital communications business to $3 billion and operating margins to 15% over the next 3-4 years after buying Route Mobile in India’s biggest in-bound FDI deal in the domestic cloud communications industry. “We are extremely excited about the synergies emerging out of this deal, that is, leveraging Route Mobile’s India success story to grow our communications business in USA and Europe markets, while also taking our affiliate company Telesign’s digital fraud prevention solution to enterprises in India,” Guillaume Boutin, CEO, Proximus, told ET Thursday. Proximus has completed the acquisition of 57.56% of RML’s shares held by promoters for EUR 643 million (Rs 5,922 crore) in cash.

Akshaya Tritiya, also known as Akti or Akha Teej, is an Indian festival celebrated on the third lunar day (tithi) of the bright half (Shukla Paksha) of the month of Vaisakha. The term 'Akshaya' translates to 'never diminishing', and it is believed that buying gold on this day ensures unending wealth. Best Time to Buy Gold on Akshaya Tritiya 2024 Gold holds significant value in Indian culture, symbolizing wealth and purity. Purchasing gold on Akshaya Tritiya is considered auspicious and is believed to bring blessings and symbolize boundless prosperity. The best time to buy gold on Akshaya Tritiya in 2024 is from May 10, 2024, at 05:33 AM to May 11, 2024, at 02:50 AM.

Tata Motors: The vehicle manufacturer is set to announce its Q4 results on May 10, with expectations of strong results due to volume growth, improved performance of its British unit JLR, and favourable commodity prices. The company's consolidated net profit is projected to rise by 33% to ₹7,084 crore, and revenue is likely to increase by 15% to ₹1.22 lakh crore. The growth is attributed to expansion in JLR and positive growth in India's PV and CV divisions.

Also read | Invest in new ideas, not flavour of the season, says Accel's Prashanth Prakash This is the kind of big picture thinking that has made Prashanth one of the top venture capitalists and investors in the country — someone who continues to shape the startup ecosystem in India, which he has had a ringside view to over the span of two decades and more. At the moment, Prashanth focuses on companies in the consumer Internet services, online marketplaces and SaaS space and has led investments in startups like BlueStone, BookMyShow, FabHotels, QwikCilver, Rentomojo and TeaBox, but he will perhaps always be best remembered as the person who, along with co-founder Subrata Mitra, bet on Flipkart back when e-commerce was but a glimmer in Indian founders’ eyes.

Motilal Oswal Financial Services Ltd. Here are key global market cues for Sensex today: Asian markets traded higher on Friday tracking overnight gains on Wall Street amid renewed rate cut hopes. Japan’s Nikkei 225 rallied 1.52%, while the Topix gained 1.22%.

Stock market today: Following weak global sentiments, the Indian stock market ended lower for the fifth straight session on Thursday. The Nifty 50 index crashed 345 points and closed below the 22,000 mark at 21,957. The BSE Sensex tanked 1062 points and finished at 72,404, while the Bank Nifty index, which tracks the performance of the banking sector, nosedived 533 points and ended at a 47,487 level.

NEW DELHI : The multi-billion-dollar direct selling industry has now come in the crosshairs of the central government, with the department of consumer affairs (DoCA) planning to scrutinize their regulatory compliances and prepare a list of rule violators, three people aware of the matter said. Several measures are also being put in place to increase vigilance against violation of direct selling rules and other unscrupulous practices by the fast-growing industry, the people added.

No reliable evidence of Indian involvement in foiled Pannun murder plot: Russia In November last year, the US authorities said an Indian government official had directed the plot in the attempted murder of Gurpatwant Singh Pannun, a dual citizen of the United States and Canada. The US White House in April said it viewed the reported role of the Indian intelligence service in the assassination plots as a very serious matter. As per the US Justice Department indictment, Indian national Nikhil Gupta was involved in the alleged attempt to kill Pannun.

Arvind Kejriwal Bail Hearing Live Updates: The Supreme Court of India on May 10 will pronounce its verdict on interim bail plea of Delhi Chief Minister Arvind Kejriwal in a money laundering case connected to the excise policy scam. The Enforcement Directorate arrested the Aam Aadmi Party (AAP) leader on March 21.