India Financial News

Also Read: Mumbai Trans Harbour Link: Auto-rickshaw spotted on Atal Setu despite ban; netizens say 'has good contacts' The viral video, shared by an Instagram user showed the black and yellow auto-rickshaw in California. The visual of the black and yellow rickshaws plying in California streets was a surprise for many Indians who are used to finding the vehicle on busy and crowded Indian streets. Also Read: Ola Electric to launch electric autorickshaw ahead of planned IPO, says report The recent video, shared by an Instagram user Manohar Singh Rawat, has garnered 24,185 likes so far.A post shared by Manohar Singh Rawat (@manoharsrawat) "Auto Rikshaw in California.

heatwave spell over some parts of Rajasthan and Madhya Pradesh till May 10. Besides this, hot and humid weather conditions are likely in Gujarat until May 13, and Kerala until May 10.

to below $4 billion in the last six to eight months, two people aware of the matter said. The spending from the account covered payments for Indian imports, purchase of securities, and other acquisitions, including defense equipment and armaments, the persons said said. "It is difficult to say the exact amount in the Vostro accounts since some transactions are very complex.

NEW DELHI : More than half of Indian retailers (52%) are planning to onboard fresh graduates this year, while two out of five (38%) retailers are seeking to recruit experienced professionals, according to a report by staffing and recruitment firm GI Group. In 2023, the retail industry experienced an 8% rise in job applications, while demand surged by 18%, indicating a strong interest in retail hiring. This was driven by retailers continuing their expansion across tier-1 and tier-2 cities.

Adani Enterprises Limited (AEL). According to a January note by American brokerage firm Cantor Fitzgerald, AEL "is at the core of everything India wants to accomplish." The company functions as an incubator for Adani's businesses. Many have been spun out and become leading players in their respective sectors.

Q4 results today on May 9: At least 40 companies will announce their financial results for the fourth quarter of FY24 today, Thursday, May 9. Also Read | Q4 results: L&T, Tata Motors, SBI, TVS Motors among companies to declare earnings this week; check full list here The fourth quarter earnings season for this fiscal year kicked off in the second week of April 2024 and is still underway, with over 260 companies set to declare their Q4 results this week.

Mint analysis, Tata Consultancy Services (TCS), Infosys, Wipro and HCL Technologies saw their combined workforce drop by over 60,000 in FY24, while the overall share of women in these four companies remained unchanged at 35.5% as of 31 March, compared to 35.6% a year ago. While the share of women employees at these four firms remained about the same over the past year, their absolute number fell 22,498.

Stock market today: The Indian stock market continues to remain under the sell-off heat for the fifth straight session on Thursday. The Nifty 50 index opened lower in the early morning session and touched an intraday low of 22,184, logging more than 450 points in the last five sessions. The BSE Sensex opened lower and hit an intraday low of 72,891, recording over 1700 points loss in five days.

Also Read: Breakout stocks today: Sumeet Bagadia recommends five stocks to buy today The brokerage firm also expects the momentum in India’s defence exports to continue averaging to ₹300 billion annually over FY24-32F. Nomura has initiated coverage on HAL shares and BEL shares with a ‘Buy’ rating and expects an upside potential of up to 23% - 30%. Nomura initiates coverage on the stock with a ‘Buy’ rating and HAL share price target of ₹4,750 apiece, valuing HAL shares at 38x FY26 earnings.

Google cuts jobs globally, but expands hiring in India and Mexico Pichai admitted that errors pertaining to Gemini's image generation feature and said, "From the ground up we are retraining these models...as soon as it’s ready, we will get it out to people". Pichai revealed that the feature will be re-released in a few weeks. Pichai is set to share a vision for the company’s future at Google I/O--the company’s annual developers conference next week.

ANI citing the police, “the vendors have been identified as Anand Kamble and Mohammad Ahmed Raiza Shaikh." The police said that a case has been registered against the shopkeeper under sections 304 (culpable homicide not amounting to murder) and 34 of the Indian Penal Code (IPC). According to media reports, Bhokse was admitted to the hospital after he experienced stomach pain and vomiting. Although he was discharged twice, he had to be hospitalized again for a third time.

₹15,863 crores this month, is a significant current trend in the market. Despite their continued buying, DIIs are not as aggressive as they previously were because of some uncertainty over the election results. It's critical to recognise that, in addition to the high US bond yields there is now another driver driving FII selling.

₹4,396 crore from ₹3,987 crore in the same period the previous year. In comparison to the revenues of ₹58,335 crore recorded in the same period last year, the multinational infrastructure conglomerate's revenue from operations increased by 15% to ₹67,078.7 crore in Q4FY24. The focus remained on order in flows as well as revenue and margin guidance by Larsen & Toubro (L&T).

Also Read: IAF Convoy Attack Highlights: 1 soldier killed after terrorist attack IAF convoy in J&K's Poonch; search on On Tuesday, two terrorists, including wanted terrorist of Lashkar-e-Toiba Basit Dar, were killed in an encounter in the area. The third terrorist was killed in the Redwani Payeen area on Wednesday.

SME IPO of Energy-Mission Machineries opened for subscription today and closes on May 13. The company aims to raise about Rs 41 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. 1) About Energy-Mission Machineries The company designs and manufactures CNC, NC and conventional metal forming machines which caters to the industrial sector requirement for metal fabrication solutions. Their wide spectrum of metal forming machines includes press brake machines, shearing machines, plate rolling machines, iron workers machines, hydraulic presses and busbar bending, cutting and punching machines.

IPO, Indegene has finalised the share allotment. The issue was booked nearly 70 times at close on strong interest from institutional and non-institutional investors. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website. Firstly, here's how you can know the status on BSE

Jefferies maintained a buy rating on TVS Motor and Hero MotoCorp post Q4 results. Citigroup recommended a sell on Bharat Forge and a buy on Voltas post March quarter results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

The Nifty future closed positive with gains of 0.05% at 22392 levels on Wednesday. India VIX was up by 0.41% from 17.05 to 17.08 levels.

State Bank of India (SBI) among 69 companies will announce their results for the quarter ended March 2024 on Thursday. Other companies investors will watch out for include Asian Paints, BPCL and Indian Overseas Bank. Apart from the above, Abbott India, ADF Foods, Ajmera Realty, Alkyl Mines, Alps Industries, Alembic Pharma, ASI Industries, Balgopal Commercial, Capital SFB, Care Ratings, Escorts Kubota, Grand Foundry, Gopal Snacks, HPCL, IOB among others will also release their March quarter numbers.

stocks are under F&O trade ban on Thursday viz. Aditya Birla Fashion and Retail (ABFRL), Balrampur Chini, Biocon, GMR Airports and Infrastructure, Vodafone Idea, Punjab National Bank (PNB), Steel Authority of India (SAIL) and Zee Entertainment Enterprises. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

Indian shares opened flat on Thursday following a mostly uneventful close in the previous session, as market sentiment remained subdued amid increasing volatility and selling pressure from foreign investors. The BSE Sensex was trading 41 points or 0.06% lower at 73,429. Nifty50 was trading at 22,295, down 8 points or 0.03% at around 9.20 am.