India Financial News

Chartered accountants (CAs) are increasingly facing stiff competition from STEM graduates in getting into consulting firms that are becoming heavily dependent on technology for client service and regulatory compliances, said industry executives. STEM refers to science, technology, engineering and mathematics.

Maldives anti-India stance: It shouldn't have been done, says FM Moosa Zameer The foreign ministers of India and Maldives met in New Delhi on Thursday. Indian External Affairs Minister Subrahmanyam Jaishankar told his Maldives counterpart, Moosa Zameer, that India has been a key provider of development assistance, including infrastructure projects, medical care, and health facilities. "It is in our common interest that we reach an understanding on how best we can take our relationship forward," a statement by India's External Affairs Ministry quoted Jaishankar as saying.

₹22.29 crore, according to a statement from a Mumbai police official on May 9, PTI reported. A criminal case involving charges of cheating, forgery, and breach of trust was lodged at the Cuffe Parade police station following court orders. The complaint, leading to the FIR, was filed by a 43-year-old assistant vice president of Axis Bank, PTI reported.

In the age of shiny Instagram feeds, hopping from one exotic destination to another has become the norm. It’s rarely about savouring experiences but ticking off a checklist of sights and destinations. In fact, social media-inspired travel itineraries offer nothing but temporary validation on platforms like Instagram, Facebook and YouTube.

Also Read: Mutual fund investors alert! You are losing a hefty amount if committing either of these seven mistakes Nobel Peace Prize winner, Nelson Mandela, became the first non-white president of South Africa on May 10, 1994. His efforts led to the end of apartheid.

Buy or sell stocks for today: Following weak global sentiments, the Indian stock market ended lower for the fifth straight session on Thursday. The Nifty 50 index, which represents the performance of the top 50 companies listed on the National Stock Exchange (NSE), crashed 345 points and closed below the 22,000 mark at 21,957. The BSE Sensex, the benchmark index of the Bombay Stock Exchange (BSE), 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.

Sensex tanked 1,062.22 points, or 1.45%, to end at 72,404.17, while the Nifty 50 settled 345.00 points, or 1.55%, lower at 21,957.50. Nifty 50 formed a long negative candle on the daily chart, which is reflecting a sharp downside momentum in the market.

Gurpatwant Singh Pannun is an ongoing legal matter, the US State Department said it «won't speak» until «allegations are proved» before a jury. Gurpatwant Singh Pannun is an India-designated terrorist who holds American and Canadian citizenship.

«I understand the importance of renewable energy and thought that everyone should adopt it,» said Narayan, 60, whose action inspired many others to do the same in the capital of Madhya Pradesh state in central India. Now, a new government scheme — unveiled before voting began in nationwide elections in April — aims to encourage more people to install solar panels on their roofs as part of India's commitment to triple renewable capacity by 2030.

European Union as «consequential for the world as well,» External Affairs Minister S Jaishankar said the EU is not only «our largest economic partner,» but the ties run «very deep, spanning many domains.» Extending felications to EU's Ambassador to India, Herve Delphin, Jaishankar said, «I think today the relationship between India and the European Union is not only consequential for each one of us but also for the world as well. The EU is our largest economic partner, but it is more than that.» «It is an entity with which we have, really, a very deep relationship spanning many domains...not just in the relationship between New Delhi and Brussels but in the regional and sub-regional formats in which we engage each other and in a range of institutions that we both are members of and where we collaborate with each other. And of course, an important element of that is economic relationship,» Jaishankar said in his address at the Europe Day Celebrations here in New Delhi.

Biden administration's top diplomat in New Delhi on Thursday dismissed concerns being raised in certain quarters about democracy in India and observed that in many ways Indians are better than the Americans. At an event organised here by the Council on Foreign Relations, a top American think-tank, US Ambassador to India Eric Garcetti told the audience he was confident that «10 years from now India is going to be a vibrant democracy as it is today in terms of free and fair elections». «Again there's things that probably are worse and there's things that are better. They have a law, you can't go more than two kilometers to vote. So there''ll be one guy who lives in the mountains as a monk (at) someplace. They will walk for two days to bring the voting machine, execute the vote,» he said, responding to a question expressing concerns over the status of democracy in India.

JPMorgan Chase & Co. is on track to include India in its emerging market debt index from June with most of its clients ready to trade, according to the firm’s global head of index research. “Based on the annual Index Governance Consultation process, market feedback so far has been largely positive, with the majority of our index clients already set up to trade in the IGB market,” managing director Gloria Kim said in an emailed reply to questions.

An Ontario man is facing charges in connection with the largest gold heist in Canadian history at Toronto Pearson airport last year, Peel Regional Police say.

capital markets regulator's decision to reduce the face value of listed bonds is likely to give a fillip to the corporate bond market by drawing in more retail investors, in keeping with the long-standing regulatory endeavour to deepen volumes and participation. The Securities and Exchange Board of India (Sebi) last week decided to lower the face value of listed bonds to ₹10,000, from ₹1 lakh. The regulator had in 2022 reduced the face value of such securities to ₹1 lakh from ₹10 lakh.

generative artificial intelligence (gen AI) proofs of concept (PoCs) in India went into production in fiscal year 2024, according to estimates by consulting firm EY India. Additionally, 15-20% of domestic enterprises and 30-40% of global capability centres (GCC) of multinationals have rolled out gen AI PoCs, EY's analysis of the last two quarters showed.

Equity markets buckled under relentless selling pressure on Thursday as investors turned risk averse in the ongoing poll season and further lightened their equity exposure to avoid being caught off guard. «We expect this volatility to continue in the near term in the absence of any major positive trigger. Now till Nifty holds below 22000 zones, weakness could be seen towards 21700,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Indian studios working on complex games that require heavy investments — so far the sole domain of international publishers like Krafton and Garena — are seeing increased interest from investors, helped in part by fast-maturing consumer and talent cohorts. These studios are working on midcore and hardcore games, which generally have higher complexity compared to casual games like Ludo and require a higher level of involvement and time commitment from the player. In India, the most popular games in this genre — like Battlegrounds Mobile India (BGMI), FreeFire, Call of Duty and Fortnite — are all from international publishers such as Krafton, Garena, Riot Games and Epic Games. Such games are often rated AA or AAA, which signifies their high development and marketing values.

Tata Motors, Bank of Baroda, Cipla, BPCL, Manappuram Finance among others will be in focus due to various news developments and quarterly earnings. Tata Motors, Bank of Baroda, Cipla Shares of Tata Motors, Bank of Baroda and Cipla will be in focus as the companies will announce their fourth quarter results today.

Mint in the week gone by. The revenue contributed by an average employee at top software services companies has been consistently falling ever since the covid-19 pandemic ended, with increased hiring and plateauing revenue. And the popularity of Indian gherkins is growing globally owing to its many health benefits.

₹6.49 lakh ex-showroom. It launched the new Swift with six airbags as a standard offering across all its variants, marking a change in the carmaker's stance, and after fighting back regulation that could potentially make six airbags standard equipment in cars. The Swift also debuts a new Z-series 1.2 liter engine, the most fuel-efficient in its segment, with a claimed fuel efficiency of up to 25.75 kmpl.

animals taking over our planet from humans who often consider themselves to be the most intelligent living being? This is the question that was posed to Chat-GPT. While many film industries have depicted a doomsday conspiracy involving the take over of our planet by different people, the latest being the ‘Kingdom of the Planet of Apes’, this is an interesting answer given by Chat-GPT. This has been reported by the Daily Star, UK. Incidentally, the movie is releasing on May 10. While Chat-GPT and its application has generated interest in the past with its unique answers, the answer to this question is definitely surprising.