India Financial News

₹225 crore ($27 million), according to a joint statement from the companies. However, the firms did not disclose other financial details of the transaction. K12 Techno Services is the operator of the Orchids International school chain.

ALSO READ: ‘When Virat Kohli came to IPL…’: PBKS owner Preity Zinta shares admiration for RCB batter Meanwhile, Proteas player Du Plessis has forged a very special bonding with Indian star cricketer and former RCB skipper Virat Kohli. Ahead of RCB's match against PBKS, du Plessis opened up about his relationship with Kohli on the Star Sports show 'Captains Speak'. ALSO READ: Watch | Virat Kohli's 'arrogant' remark on commentators critical of his strike rate; netizens not impressed “We both love food," Du Plessis said on Star Sports.

Shares of Bandhan Bank Ltd.(up 1.39 per cent), State Bank of India(up 1.12 per cent), Au Small Finance Bank Ltd.(up 0.5 per cent) and Bank of Baroda(up 0.06 per cent) ended the day as top gainers in the pack.

Adani Power Ltd.(up 5.54%), RattanIndia Power Ltd.(up 4.59%) and Hitachi Energy India Ltd.(up 0.36%) stood among the top gainers.

India is considering offering incentives to encourage private companies to set up lithium processing facilities, as New Delhi tries to develop its nascent lithium mining and boost supplies of the EV battery metal, three government sources said. It would offer incentives to companies to set up lithium processing plants under a new critical minerals policy that was being worked out by the mines ministry, the sources said. «The critical minerals policy will be comprehensive and will cover all aspects from exploration to mining to value addition,» one of the sources said. «It will also cover incentives for beneficiation and refining within the country,» the source said. The sources, however, said it was a little early to know the exact form of incentives the government would offer, but New Delhi would try to take a cue from countries such as Australia and Canada. Responding to Reuters queries, the Ministry of Mines said the government was taking various steps to ensure the availability of critical minerals for the downstream industry. It did not elaborate.

The Capital markets regulator Securities and Exchange Board of India (Sebi) has recently issued a master circular for all registered registrars to an issue and share transfer agents (RTAs).

India's startup ecosystem is flourishing, positioning itself as one of the most vibrant and attractive markets for investors. This surge highlights the country's entrepreneurial spirit, innovative capabilities, and steadfast resolve. Indian startups encompass a wide range of sectors such as technology, healthcare, and green energy, showcasing the nation's adaptability to global trends and its ability to establish a distinctive place in the world of entrepreneurship.

Muthoot Finance, and Manappuram Finance - were trading under pressure on Thursday after the Reserve Bank of India (RBI) sent the companies an advisory concerning cash disbursal of loans. The RBI has instructed Non-Banking Financial Companies (NBFCs) to strictly follow the provisions of the Income Tax Act regarding cash disbursement of loans. Specifically, NBFCs are not allowed to disburse loan amounts exceeding ₹20,000 in cash.

Mumbai (Maharashtra) [India], May 3: Tata Projects, one of the leading Indian Sustainable Technology-led Engineering, Procurement, and Construction (EPC) company and part of the world-renowned Tata Group, announced its financial results for the fiscal year. Mr. Vinayak Pai, MD & CEO at Tata Projects, elaborating on the FY24 performance, said "Our strategic realignment, organisational transformation and improved focus on operational efficiencies have started yielding results.

Enforcement Directorate is likely to file a chargesheet against Delhi Chief Minister Arvind Kejriwal on Friday, the day when the top court is expected to announce its verdict in the bail case, as per media reports. Earlier, the Supreme Court pushed forward the verdict on Delhi chief minister Arvind Kejriwal's interim bail plea and said that it may announce the order on Thursday or next week, without specifying the date. The SC raised concerns regarding the Enforcement Directorate's (ED) prolonged investigation into the excise policy-linked money laundering case involving Kejriwal. The SC bench comprising Justices Sanjiv Khanna and Dipankar Datta told Arvind Kejriwal's counsel Abhishek Singhvi that if it were to give interim bail to the Aam Aadmi Party's national convenor, it doesn’t want him to be performing official duties as the CM as it could lead to a conflict somewhere.

Larsen and Toubro on Thursday announced that it was elevating R Shankar Raman as the Preaident of the engineering and construction conglomerate. Post the promotion, Raman will continue to hold the position of the whole-time Director and CFO of the company as well. The company's Senior Executive Vice President (EVP), Energy, Subramanian Sarma has been elevated to whole-time Director and President, Energy.

financing may add as much as 1 percentage point to the borrowing costs of renewables projects, according to a top consultancy firm, potentially causing a hike in wind and solar power prices in the country. Lenders will be needed to set aside as much as 5% of the capital they lend to infrastructure projects under construction, a draft by the Reserve Bank of India stipulates. That compares with the current norm of just 0.4% provisioning for standard assets. The allocation can come down to as low as 1% as the project matures and starts generating cash for repayment of the loan. Also Read: RBI's latest norms may derail Modi govt's flagship economy driver

relief to the Indians, India Meteorological Department (IMD) has predicted that the heatwave is about to end from the country except for West Rajasthan and Kerala. «Heatwave is about to end from the entire country. Only in West Rajasthan & Kerala heatwave alert has been issued,» said IMD scientist Soma Sen. Why has IMD predicted the end of heatwaves:

Uber has more than 1 million drivers in India, chief executive Dara Khosrowshahi said during the ride-hailing platform’s March-quarter earnings call. India is the third country behind the US and Brazil to reach the 1-million-driver mark.

Also Read: 'Remove police for 15 seconds': In Hyderabad BJP leader Navneet Rana issues open threat to Owaisi brothers Reacting to her remark, Asaduddin Owaisi said he would like to tell Prime Minister Narendra Modi to give her even one hour. "I tell Modi ji - give her 15 seconds. What will you do?...Give her 15 seconds, give her 1 hour.

Manohar Lal Khattar resigned from the post and as an MLA in March this year. Former allies JJP and BJP fell out after they could not successfully conclude a seat-sharing agreement for the Lok Sabha Elections. Dushyant Chautala, a key player in the political dynamics, expressed in an interview with Indian Express that he and the party would support Congress and the Leader of Opposition Bhupinder Singh Hooda if they moved to topple the government.

₹6.49 lakh ex-showroom for the base LXI variant, the latest iteration promises to captivate both loyal enthusiasts and new customers alike. One of the most significant updates lies under the hood, where Maruti has introduced a brand-new 1.2-litre 3-cylinder Z-series petrol engine, delivering 80 bhp of power and 112 Nm of torque. This powerhouse, paired with a choice of either a five-speed manual or a five-speed AMT gearbox.

₹41.57 in December 2023 to currently trade at its record high of ₹184.85. Meanwhile, it has soared over 609 percent in the last one year. This recent surge has also led to the stock soaring 738 percent from its 52-week low of ₹22.06, hit on June 26, 2023.

Also Read: Why is Indian stock market falling for five straight sessions? Amid this backdrop, the Nifty PSU Bank index saw a significant decline of 6.30% in a week, falling from 7,600 points to the current trading level of 7,108 points. Notably, stocks like Punjab National Bank and Canara Bank experienced the most substantial fall during this period, losing 12% and 11.4% of their value, respectively.

gold as an investment, symbolising perpetual prosperity and abundance. Historically, gold prices have grown steadily, often showing stability or an increase around Akshaya Tritiya due to heightened demand driven by cultural and religious sentiments. “This trend offers investors a potential opportunity for profit from price appreciation.

Amazon has introduced the Fire TV Stick 4K in India, offering fast-streaming of cinematic 4K content with Ultra HD picture quality, Dolby Vision, HDR10+, and Dolby Atmos audio. The Fire TV Stick 4K, priced at Rs 5,999, is touted to be the most powerful Fire TV device in India, boasting nearly 30% more power than its previous generations. “Our viewers’ preference is shifting to watching lifelike, ultra-cinematic video content from the comfort of their homes. Customers seek streaming options that offer fast performance, superior picture and audio quality, smart features, immersive graphics for games, and so much more," said Anish Unnikrishnan, General Manager for Amazon Devices India.