India Financial News

Akshaya Tritiya approaches, several devotees buy gold on the occasion. Also recognized as Akti or Akha Teej in certain regions, Akshaya Tritiya holds significance for Hindu households worldwide. It symbolizes new beginnings and the welcoming of prosperity into one's life and household. The price of gold recently surged to record levels, with 24 karat gold surpassing the Rs 75,000 mark per 10 grams. Several factors contribute to the final amount a buyer must pay for a piece of gold jewelry, including the prevailing gold price, manufacturing charges, and the expenses associated with any diamonds or other gemstones incorporated into the piece. Given India's enduring tradition of buying gold during auspicious occasions like Akshaya Tritiya, it's crucial for individuals to conduct thorough research before making a purchase and understand how the price is determined for the precious metal.

children in India who are eligible for measles vaccination have received none of the recommended double-dose, signalling a «concerning gap» in immunisation coverage, a new study has found. The findings showed that zero-dose cases were high in the northeastern states, with Nagaland reporting the greatest share at 26 per cent. Tamil Nadu was found to report the lowest at 4.6 per cent. Researchers from the Ministry of Health and Family Welfare and Banaras Hindu University in Varanasi investigated previously overlooked critical aspects of measles vaccination, focusing on zero-doses, partially vaccinated, and those fully immunised. They analysed data of over 43,000 children aged 2-3 years, collected through the National Family Health Survey 2019-21 (NFHS-5). The team found that close to 30 per cent of the eligible children have received only one measles-containing vaccine (MCV1), while about 60 per cent have been fully immunised (MCV2). The findings are published in the journal Vaccine.

Aparna Purohit, Head of Originals for India and Southeast Asia at Amazon's streaming platform Prime Video, has quit after an eight-year stint, the streaming platform said, confirming the development. «Over the past eight years, Aparna has played a key role in developing some of the most-loved and popular Amazon Originals for India. She championed authentic, rooted, and diverse narratives that made Prime Video’s local original content resonate with audiences,» a Prime Video spokesperson said in a statement. «She was also the driving force behind the diversity initiatives at Prime Video, significantly increasing female participation in storytelling in front of and behind the camera,» the spokesperson added.

generic drugmaker Alembic Pharma reported a 17% rise in fourth-quarter profit on Thursday, driven by strong sales, especially in the key North American market. Consolidated profit rose to 1.78 billion rupees ($21.3 million) in the three months ended March 31, from 1.53 billion rupees a year earlier.

T20 World Cup will spread much-needed cricket awareness in the USA but eventually, it is the lure of competing in the 2028 Los Angeles Olympics that will attract local Americans to the game that is mainly played by expats, feels USA Cricket chairman Venu Pisike. USA is co-hosting the event alongside West Indies and the US team will also be making its World Cup debut when it faces neighbours Canada in the tournament-opener on June 1. The team is mainly made up of semi-professional cricketers of South Asian heritage with former New Zealand star Corey Anderson also switching allegiance to his adopted homeland of USA. Former Indian first-class cricketer Milind Kumar and former India U-19 player Harmeet Singh are also part of the squad. Speaking to PTI, Pisike agreed it is a major challenge to take cricket to the masses in USA.

Indian headline indices plunged on Thursday amid broad-based selling pressure. The S&P BSE Sensex tanked 840 points to the day's low of 72,624.14, while the broader Nifty50 shed 240 points to hit the day's low of 22,030.95. Q4 earnings and election uncertainty have dented the Street sentiment. The volatility index India VIX also spiked 5% to 17.85 levels.

Sony Entertainment Talent Ventures India (SETVI) has backed the World Pickleball League, a global professional pickleball league launched by Natekar Sports and Gaming (NSG), owned by former Indian tennis player Gaurav Natekar. NSG plans to invest over $10 million over the next 3–5 years in the global professional pickleball league. SETVI is a joint venture between Sony Music Entertainment and Sony Pictures Entertainment. The inaugural global pickleball league will consist of six franchises, each featuring 6–8 players, comprising a mix of leading international players from all over the world and Indian talent.

Yemen's Houthi rebels on Thursday claimed two missile attacks in the Gulf of Aden on two Panama-flagged container ships that caused no damage, while also saying they targeted a ship in the Indian Ocean in a previously unreported assault. The claims by Brig. Gen. Yahya Saree come as the tempo of the rebel attacks have waned in recent weeks as they've been targeted by repeated airstrikes launched by a U.S.-led coalition warship in waterways crucial to international trade. The Houthis insist their assaults will continue as long as Israel's war on Hamas in the Gaza Strip goes on. Saree in a prerecorded statement claimed attacks on the MSC Diego and MSC Gina. The Joint Maritime Information Center, a U.S.-led coalition of nations operating in the Mideast, said those two missile attacks happened early Tuesday.

EQT Partners, the global private equity fund, is all set to list its healthcare Business Process Management (BPM) portfolio Sagility LLC, formerly Hinduja Global Solutions Healthcare LLC, in Indian bourses, said multiple people aware of the development. EQT has hired investment bankers — ICICI Securities, IIFL, JP Morgan and Jefferies. This proposed IPO is likely to value Sagility at about $3 billion (Rs25,000 crore ) and EQT may raise about $400-500 million (Rs4000 cr), said sources.

NEW DELHI : The Export-Import Bank of India has predicted that India's total merchandise exports will reach $116.7 billion in the ongoing first financial quarter, growing 12.3% year-on-year on strong economic fundamentals and sustained manufacturing and services activity. The Exim Bank also projected non-oil exports to grow by 10.7% to reach $93.9 billion in the first quarter. Exim Bank's report underscored that an anticipated global easing of monetary tightening is expected to enhance global demand, which would provide further support to India's export growth.

₹3,725 each. Today, they are trading at ₹9,084, marking an impressive gain of 144%. What's particularly notable is the stock's consistent positive performance, with 10 out of the last 12 months ending with gains, including a substantial 38% increase in April.

Indian Hotels Company, Central Depository Services (India) Ltd (CDSL) , Welspun Enterprises , Sterling and Wilson Renewable Energy (SWSOLAR) are the four stock picks by Yes Securities for the month of May'2024. Central Depository Services (India) Ltd (CDSL).

CRISIL states that the recovery rate under the IBC fell from 43% to 32% between March 2019 and September 2023. Average resolution time too has increased from 324 to 653 days. A tale of delay: There are several instances of delays in the disposal of creditors’ appeals.

Stock market today: Shares of One 97 Communications Ltd, aka Paytm, witnessed a strong rebound after touching a 52-week low in early morning sessions on Thursday. Paytm share price today opened downside and touched a 52-week low of ₹310 apiece, but the One 97 share price witnessed a strong rebound and touched an intraday high of ₹333.

₹18,917.08 crore in April against ₹22,633 crore a month ago, shows the data released by the Association of Mutual Funds in India (AMFI). This decline was attributed to fresh selling in large cap funds.

Lok Sabha polls Phase 3: Amit Shah, Dimple Yadav stand at fate's crossroads "That distinction, I believe, belongs to Tashigang Village in Himachal, at an altitude of 15,256 ft," the industrialist wrote. But Anand Mahindra lauded the efforts of the polling agents. "Huge applause for the intrepid polling agents who carry democracy on their shoulders to the most remote habitations in this country".

₹8,600 in the month of April. As per the data available on National Securities Depository Ltd (NSDL), FPI selling in Indian equities during April stood at ₹8,671 crore and ₹5,076 crore in May so far. FPIs selling worth ₹14,079 crore in Indian equities was seen between April 16 and 30, as against inflows of ₹5,408 crore in the first half of the month.

NEW DELHI : Rising gold prices and a series of other factors are set to challenge India's gold jewellery market in the first quarter of the current fiscal year. Demand for the precious metal is expected to be subdued due to price volatility, fewer auspicious wedding dates, and the backdrop of elections in the world's largest democracy. Despite these headwinds, Tata-backed Titan Company Ltd, which houses one of India's top jewellery brands, Tanishq, remains optimistic about the latter half of the year.

Indian students in American universities 'scared to travel alone', stay 'situationally aware' after 2 deaths in a week In a letter to Union Minister G. Kishan Reddy, Sadanandam appealed for assistance in locating his missing son. Kishan Reddy, the Minister for Culture, Tourism, and Development of the North Eastern Region, Government of India, wrote to the Ministry of External Affairs on May 8, requesting that the Consulate General of India (CGI) in Chicago aid in tracing Rupesh, who has been missing “@DrSJaishankar, @kishanreddybjp, Sir please speak to concern Chicago police Department about the missing of Rupesh Chandra Chintakindi.

Mint has reviewed a copy of the same. AAI, which operates and manages around 133 airports in the country, is expected to provide 2-5 day visits, workshops and a 4-20 week duration internship in various functioning areas of the operator.

LinkedIn after the employment-focused social media platform removed his post on “pronoun illness". In a post on X (formerly Twitter), he wrote, “This post of mine was about YOUR AI imposing a political ideology on Indian users that’s unsafe, sinister." “Rich of you to call my post unsafe! This is exactly why we need to build own tech and AI in India. Else we’ll just be pawns in others political objectives," he said while sharing the screenshot of post on gender pronouns that went viral on the internet.