India Financial News
09.05 / 18:13
UPS
MET
FIVE
Waters
Department
Five Indian sailors on MSC Aries released, depart from Iran
diplomatic breakthrough, five of the Indian sailors on board an Israeli-linked vessel seized by Tehran were released on Thursday and have departed from Iran, the Indian embassy in Iran said. The Indian Embassy, while sharing details of their release, thanked the Iranian authorities for their close coordination with the Embassy and Indian Consulate in Bandar Abbas. «5 of the Indian sailors on MSC Aries have been released and departed from Iran today evening. We appreciate the Iranian authorities for their close coordination with the Embassy and Indian Consulate in Bandar Abbas, MEA official spokesperson Randhir Jaiswal posted on X.
09.05 / 17:45
Action
Food
Everest
Trade
country
testing
Mint Primer | Indian spices: the bitter taste of global scrutiny
Mint looks at the issue and analyses what it could mean for the $4-billion export sector. On 5 April, Hong Kong’s food regulator suspended the sale of MDH spice mixes saying they contain high levels of ethylene oxide, a carcinogenic. Singapore followed suit with Everest, another top Indian spice brand.
09.05 / 16:47
Citi
Reuters
Man
security
hospital
Investigations
Pakistan news: Gunmen kill seven labourers, injure one near Gwadar port
Reuters, adding one was injured too. Identifying the victims, the police said that the workers were from Sahiwal in Punjab. Police have taken the injured to the hospital for treatment and started an investigation to arrest the perpetrators.
09.05 / 16:37
markets
Waves
Booking
security
Strategy
Experts
Stocks wilt as Street vigil on polls raises fear factor
₹6,994.86 crore worth of shares. The correction may not be over yet, either: huge bearish bets on the Nifty and Bank Nifty futures contracts signal that the decline may extend till the end of the month. The nervousness on the Street was reflected by fear gauge India Vix closing at a 20-month high of 18.2.
09.05 / 16:37
President
Diversity
show
country
reports
BJP MP Navneet Rana reiterates ‘15 second’ threat to Owaisi brothers: ‘Committed to reply to those working for Pakistan’
AIMIM president Asaduddin Owaisi and his brother Akbaruddin, saying that if police were removed from duty for “15 seconds"., they brothers would not know from where they came and where they went. "The younger one (Akbarauddin) says remove the police for 15 minutes and we will show what we can do. Let me tell the younger one, you will take 15 minutes; it will be only 15 seconds for us.
09.05 / 16:37
Provident
information
Department
SSC CHSL Exam 2024: Correction Window opens tomorrow at ssc.gov.in. Here is how to edit form
candidate to correct his/her application form twice. He will need to pay ₹200 to make corrections to the application form for the first time.
09.05 / 16:37
UPS
performer
reports
Indian Overseas Bank Q4 results: Net profit rises record 24% to ₹808 crore
Indian Overseas Bank (IOB) on Thursday said the company reported a 24% increase in net profit to ₹808 crore—the highest-ever quarterly profit—for the quarter ended March 31, against ₹650 crore in the same quarter last year. For the year ending March 31, 2024, the consolidated net profit grew to ₹2,665.66 crore from ₹2,103.99 crore a year ago. The operating profit rose to ₹1,961 crore from ₹1,882 crore year-over-year.
09.05 / 16:37
Election
show
Inside
social
reports
Videos
Video of BJP leader's minor son casting vote in Bhopal goes viral; Congress says 'turning EC into a child's plaything'
Lok Sabha elections 2024: A video of the BJP leader's minor son casting a vote at the Berasia polling booth in Madhya Pradesh's Bhopal went viral on social media on Thursday. Soon after, the Congress slammed the saffron party, saying it had reduced the Election Commission (EC) of India into a child's plaything. In the viral video, a boy, reportedly BJP panchayat leader Vinay Mehar's son, was seen casting a vote on the EVM on behalf of his father.
09.05 / 16:37
Remark
Opinion
show
country
Features
Podcasts
Interviews
Adhir Ranjan slammed for ‘koi safed, koi kala, Negrita class’ remark amid Sam Pitroda's 'African, Chinese' comparison
Adhir Ranjan Chowdhary says, “We have Proto Australoids, Mongoloid class, Negrita class of people. Hai to hai (It is how it is).
09.05 / 16:37
Inside
exclusive
blues
innovations
Features
Headlines
Sporting
BMW 3 Series Gran Limousine M Sport Pro Edition launched in India at ₹62.60 lakh: All details
M Sport Pro Edition boasts a selection of four captivating metallic color options: Mineral White, Skyscraper Grey, Carbon Black, and Portimao Blue. Enhancing its allure, the interior features exclusive M headliner Anthracite upholstery. In terms of looks, the BMW 3 Series Gran Limousine M Sport Pro Edition stands out with various visual enhancements, featuring a bold blacked-out kidney grille, adaptive LED headlights, and dark-tinted M Lights Shadowline headlamps.
09.05 / 16:37
markets
UPS
Provident
Digital
CEO
Platform
Mobile
Route Mobile to become $1 billion business: Proximus Group CEO
NEW DELHI : Belgium-based Proximus Group, which has acquired a majority stake in communication platform as a service, or C-PaaS, firm Route Mobile, intends to double the group's revenues to $3 billion in 3-4 years, on the back of synergies from the new acquisition, chief executive officer Guillaume Boutin told Mint in an exclusive interaction. Boutin has kept a goal of attaining 15% margin on the revenue target, even as he pegged India to become among the key contributors to the group's growth where Route Mobile alone is expected to generate $1 billion in revenues.
09.05 / 16:37
Provident
performer
country
information
reports
Courts
Updates
‘Our diplomats have been threatened…’: MEA shares scathing update after Canada arrests three Indians over Nijjar killing
Hardeep Singh Nijjar in British Columbia last year, but insisted that no relevant information or specific evidence about Delhi's involvement has been shared by the Canadian authorities till date. India’s External Affairs Ministry spokesman Randhir Jaiswal told reporters that the two countries were discussing the issue but accused Canada of providing shelter to those who are advocating violence against India. He said that Delhi had complained to the Canadian authorities that the people associated with organized crime in India had been allowed entry and residency in Canada.
09.05 / 16:37
COST
Provident
Experts
guidelines
Equality
Vaccines
ICMR issues dietary guidelines for Indians, says 'avoid' protein supplements
ALSO READ: ICMR allowed to use drones for vaccine delivery trials in Manipur, Nagaland Drafted by a multidisciplinary committee of experts led by Dr Hemalatha R, Director, ICMR-NIN, the DGIs have undergone several scientific reviews and include 17 guidelines. The NIN mentioned that prolonged intake of large amounts of protein powders or consumption of high protein concentrate has been associated with potential dangers such as bone mineral loss and kidney damage.
09.05 / 16:37
COST
UPS
Booking
economy
reports
SBI projects optimism in itself, economy after strong Q4
MUMBAI : State Bank of India (SBI) on Thursday expressed confidence in growing its credit book by 14-16% in the current fiscal year, reflecting the general optimism around domestic growth, after delivering stellar results for the March quarter and FY24. “Once again, we have delivered excellent numbers," chairman Dinesh Khara told media persons after announcing the bank’s financial results on Thursday. “Our net profit for the fiscal year FY24 is the highest ever." However, India’s largest lender’s projected deposit growth of 12-13% for FY25 would continue to lag its expected growth in credit, a phenomenon plaguing the entire banking industry.
09.05 / 15:11
Manufacturing
Death
wellness
Courts
Investigations
Vaccines
Covishield side effects: Doctors' group urges govt to review all Covid vaccines
AstraZeneca admitting in a UK court that its Covid vaccine can cause blood clots in rare cases, a group of doctors on Thursday expressed deep concern over the safety of the Covishield vaccine manufactured by the Serum Institute of India. At a press conference, the doctors, under the banner of the Awaken India Movement (AIM), urged the government to review the science behind all Covid vaccines and audit their commercialisation as well as implementation of active surveillance and monitoring mechanism to ensure vaccine adverse events are identified as early as possible. «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,» Dr Tarun Kothari, a radiologist and an activist, said at the press conference. The world is learning about a side effect of the Covid vaccine called Thrombosis with Thrombocytopenia Syndrome (TTS), he said.
09.05 / 15:11
Provident
FIVE
students
country
techno
Schools
International
Venturi Partners invests $27 million in Peak XV-backed K12 Techno
Venturi Partners has bought a 5.12% stake worth $27 million in Peak XV Partners-backed edtech startup K12 Techno Services in a secondary share sale. The Singapore-based firm acquired the stake in a partial exit from Navneet Learning, a subsidiary of education-linked content provider Navneet Education Limited.
09.05 / 15:11
UPS
SUN
Mobile
Sustainability
country
innovations
Powering ahead: The role of renewable energy in electric vehicle charging infrastructure
Electric vehicles (EVs) are acquiring thrust as an environment-friendly transportation solution in India, directed by ecological concerns and technological progressions. Nonetheless, the extensive acceptance of EVs is subject to the expansion of a strong charging infrastructure throughout the nation.
09.05 / 15:11
Provident
FIVE
CEO
security
wellness
show
reports
3% mutual fund accounts have ‘KYC Hold’ status: AMFI
mutual fund KYC (know your customer) rules came into effect from April 1, around 3% of MF accounts have ‘KYC Hold’ status, stated the Association of Mutual Funds of India (AMFI) on Thursday. While noting that the mutual fund industry is addressing concerns for a smooth KYC process, AMFI CEO Venkat Chalasani said, “Together with AMCs, distributors and other stakeholders, we are committed to facilitating a seamless KYC validation process for all, thereby ensuring the integrity and accessibility of mutual fund investments across the board.” “If KYC was to be an issue, then you clearly would have seen a downtick in transaction count. Amounts may not necessarily be the best indicator. It is really the number of transactions. And I think we have to, from a perspective of the industry, thank the regulator as well because they have also been pushing all of us, AMCs, MFDs, RIAs, etc, to make sure we handhold the customer,” said Anthony Heredia, MD & CEO of Mahindra Manulife Mutual Fund.
09.05 / 14:27
Action
Airlines
Assurant
country
concert
reports
Destinations
Air India Express crew call off strike; airline agrees to take back the 25 terminated cabin crew members
cabin crew of Air India Express ended the strike on Thursday after the management of the airline agreed to take back the 25 crew who have been terminated. The management has also assured that issues raised by their union will be looked into. The decisions were taken in a conciliation meeting held by the Chief Labour Commissioner of Delhi. The members of the cabin crew union who attended the meeting has promised that the crew will report for work immediately.
09.05 / 14:27
UPS
WhatsApp
Healthcare
inclusion
reports
medicines
Abbott India Q4 Results: Net profit rises 24% YoY on higher sales
Abbott India reported a 24% rise in fourth-quarter profit on Thursday, as strong sales outpaced the impact of government pricing caps on certain medicines. The company, which makes the popular antacid medicine Digene, said its profit rose to 2.87 billion rupees ($34.3 million) for the three months ended March 31, from 2.31 billion rupees a year earlier.
09.05 / 14:27
Provident
Target
Mobile
Software
wellness
trends
innovations
Honda commissions new R&D facility to accelerate electrification in India
Honda R&D (India), a unit of Honda Motor Co, on Thursday said it has commissioned a new R&D centre in Bengaluru to accelerate electrification in India. Honda has set a global target of achieving carbon neutrality in all its products and corporate activities by 2050. The company is working to make a wide range of its products carbon neutral in terms of their power sources. In the motorcycle business, Honda is aiming to achieve carbon neutrality for all its motorcycle products during the 2040s, Honda R&D (India) said in a statement.
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