India Financial News

09.05 / 02:45

UPS Target Ball Racing Cummins bowling Who won yesterday IPL match? Top highlights of last night's SRH vs LSG

Sunrisers Hyderabad to a 10-wicket victory over Lucknow Super Giants on Wednesday. SRH bowlers started brilliantly before losing the plot as Ayush Badoni and Nicholas Pooran joined hands to guide LSG to a competitive 165 for four on a sluggish pitch in an Indian Premier League match. Also Read: Mumbai Indians want LSG to beat SRH; here's why -Head (89 not out, 30b) and Abhishek (75 not out, 28b) pummelled LSG bowlers for their stand for the opening wicket, and raced past the target of 166 in just 9.4 overs.

09.05 / 02:45

students social 2020 reports Courts Videos Investigations ‘Entered Canada using study permit’, says Hardeep Nijjar killing suspect

Hardeep Singh Nijjar, has said in a social media video that he entered Canada on a 'study permit' which only took him days to obtain, Canada-based global news reported. The accused, Karan Brar, in a video posted online in 2019, said he applied for a student visa through EthicWorks Immigration Services in Bathinda, in the Indian state of Punjab. He said he received his study visa days later, according to a translation of his Punjabi-language statement, as per Global News.

09.05 / 02:45

markets Waves security Research trends Trade recommendations Nifty 50, Sensex today: What to expect from Indian stock market in trade on May 9

Sensex fell 45.46 points, or 0.06%, to close at 73,466.39, while the Nifty 50 settled flat at 22,302.50. Nifty 50 formed a small positive candle on the daily chart with minor lower and upper shadows. Also Read: Indian stock market: 6 key things that changed for market overnight - Gift Nifty, rise in US bond yields to oil prices “Technically, this pattern indicates a formation of high wave type candle pattern, Normally, such high wave formation after a reasonable decline indicates chances of an upside bounce.

09.05 / 02:45

Citi Waters Yellow reports Department Colleges After driest April in 41 years, Bengaluru gets relief with intermittent rain; IMD issues yellow alert

yellow rainfall alert for Karnataka's capital city on Wednesday, forecasting partly cloudy skies with occasional spells of rain or thundershowers until May 12. Heavy rainfall caused waterlogging in several parts of the city including Hebbal flyover towards the airport and Veerannapalya, Maharani underpass, Summanahalli, Vaddarapalya signal, Nagawara, Hebbal railway station, and Kamakshipalya areas. Trees were uprooted in Jayamahal Road, Kathriguppe signal, Gundu Rao Circle, Lingarajapuram Main Road, Mehkri Circle, PES College near Devegowda circle, Gangamma Circle, Hennur Main Road, and Malleshwaram.

09.05 / 02:45

markets DOW Election Research Trade track recommendations Indian stock market: 6 key things that changed for market overnight - Gift Nifty, rise in US bond yields to oil prices

Sensex fell 45.46 points, or 0.06%, to close at 73,466.39, while the Nifty 50 settled flat at 22,302.50. “Consistent selling by FIIs, a mixed set of Q4 results, and lower turnout in the election kept investors wary. We expect the market to consolidate in a broader range amid nervousness surrounding the ongoing Lok Sabha election," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

09.05 / 02:45

UPS Booking Platform Mobile Enterprise techno reports Stocks to watch: L&T, PEL, BoB, Tata Power, TVS Motor, BSE, Hero MotoCorp

Larsen & Toubro: The company reported a 10% rise in net profit for the March quarter, surpassing estimates with a profit of ₹4,396 crore. Despite a 5% decrease in order inflows in the last quarter, the company saw a 31% growth in order inflows for FY24, crossing ₹3 trillion. The company's consolidated order book stood at ₹4.8 trillion as of 31 March, a 20% increase from the previous year.

09.05 / 02:45

FIVE Mobile Election voice Updates Lok Sabha Elections 2024: 65.68% updated voter turnout in phase 3 polling, inches closer to 2019 figures

2019 Lok Sabha elections. This number will be updated further, the poll panel said. The third phase of the election was held at 93 seats across 11 states and a Union Territory on May 7.

09.05 / 02:45

Coherent social 2020 Courts rights Relationships 'Muslims can't claim rights to live-in relationship when…': Allahabad HC

Himachal: HC refers 3 Independent MLAs' resignation case to third judge The petitioners claimed that they were in a live-in relationship but the woman's parents lodged a police complaint accusing Khan of kidnapping and inducing her to marry him. They also sought protection of their lives and liberty, saying they were adults and as per the apex court, they were free to reside together in a live-in relationship.

09.05 / 02:45

Provident Platform social Department First Haj flight departs from Delhi airport with 285 pilgrims onboard; all you need to know

ANI. Kausar Jahan further noted that as many as 16,500 pilgrims will leave for Haj pilgrimage this year from the Delhi embarkation point.

09.05 / 02:45

security economy trends Experts information 2020 Department Personal income tax now does the heavy lifting in direct tax collections

₹7 lakh from ₹5 lakh earlier to increase its adoption. In value terms, personal income collections after refunds stood at ₹10.44 trillion in 2023-24, growing at 25.23%.

09.05 / 02:45

markets UPS Target trends Trade Experts recommendations Stock market today: Trade setup for Nifty 50 to India VIX, four stocks to buy or sell on Thursday — May 9

Stock market today: Despite strong global sentiment on growing UK hopes of interest-rate cuts, the Indian stock market remained sideways throughout the Wednesday session. The Nifty 50 index finished flat at 22,302, the BSE Sensex ended 45 points lower at 73,466, whereas the Bank Nifty index corrected 264 points and closed at the 48,021 mark. The India VIX Index finished at 17.08 after climbing to a new 52-week high of 18.32.

09.05 / 02:45

markets UPS Assurant Remark Election Volatility index spike: Do election bets need to be hedged?

Nerves in Indian stock markets have grown taut in recent days. Although the broader S&P BSE Sensex has more or less been flat since Lok Sabha polling began on 19 April, the VIX index has shot up. This index conveys the level of volatility expected.

09.05 / 01:57

students social 2020 reports Courts Videos Investigations Suspect in Hardeep Nijjar killing says he entered Canada using 'study permit'

09.05 / 01:19

COST UPS CEO cover reports Canara Bank Q4 results: Net profit up 18% on retail growth, fall in provisions

MUMBAI Canara Bank, India’s fourth largest public sector bank by assets, reported an 18% increase in profit year on year led by growth in retail loans, other income and a sharp fall in provisions. Net profit increased to 3,757 crore in the quarter ended March, from 3,175 crore a year ago. Total advances increased 11% to 9.60 lakh crore, led by a 12% growth in retail loans and a 19% expansion in the financing of agricultural and allied activities. CEO K Satyanarayana Raju said the bank expects to deliver 11-12% loan growth in the current fiscal year despite conscious efforts to shed low-yielding corporate loans.

09.05 / 01:19

Action Mobile WhatsApp RBI now lifts curbs on BoB World App

Reserve Bank of India (RBI) Wednesday lifted a ban imposed on the Bank of Baroda (BoB), which was barred from onboarding customers through its mobile banking application. Government-owned BoB told stock exchanges that the RBI, in a letter dated May 8, conveyed the decision to lift the restrictions on 'BoB World' with immediate effect.

09.05 / 01:19

markets economy pandemic performer 2020 Government gains PSU muscle as stocks climb peaks

value of shares held, surged to a seven-year high of 10.38% of total market capitalisation as of March 31, driven by a robust rally in several public sector unit (PSU) stocks. The value had touched a high of 22% of total market capitalisation of listed firms in June 2009, dropping to a low of 5.1% in September 2020 before doubling since then, according to data from primeinfobase.com. Re-ratings amid large valuation discounts, high dividend yields, record cash flows and news of possible privatisation triggered a sharp rally in public sector companies over the last three years.

09.05 / 01:19

FIVE Manufacturing Healthcare trends reports Schools India well-poised to get to $80-100 billion PE-VC deployments in 5 years: report

global macro conditions rebound over time. However, India will continue to benefit from outsized capital allocation and is expected to reach $80-100 billion in annual deployment over the next five years, Bain & Company partner Prabhav Kashyap told ET. This estimate compares to about $39 billion in 2023, as per a report by Bain & Company called India Private Equity Report 2024. Deal activity had reduced about 35% from $62 billion in 2022.

09.05 / 00:47

Digital Waters Platform wellness Bill Schools Paytm Paytments Bank moves bill pay business to Euronet India

Paytm Payments Bank (PPBL) has migrated its bill payment business to Euronet Services India, said two people in the know. This comes after the shifting of PPBL’s retail point of sales business to RBL Bank and the settlement business for merchant payments to Axis Bank. Euronet is an American payment technology company handling backend settlement systems for several digital payment modes in India.

09.05 / 00:47

Booking Analysis Election Experts show Schools Denied tickets, betting sites still vie for seats in poll arena

election? Now, a slew of offshore apps and websites — albeit operating illicitly in India — are offering a chance to wager on the outcome of the world’s largest electoral process. Bets that can run into lakhs of rupees are being made across a dozen apps and websites over the results, margins of victory and party showing, an analysis by ET showed.

09.05 / 00:47

Manufacturing Election Research Schools rights Centre eyes dedicated R&D wing under semicon research centre

government is planning a dedicated research and development (R&D) wing under the proposed India Semiconductor Research Centre (ISRC) that will focus on semiconductor research which can «quickly go into industrial production», sources told ET. «There is a need for both the private and public sector, especially in the semiconductor space to have full-time R&D personnel. The idea is to create an intellectual property right (IPR) driven manufacturing ecosystem. We might look at creating a structure where some of the R&D can be co-funded or in PPP mode,» a senior government official said.

09.05 / 00:47

markets UPS Citi Platform ICE Southern country Platforms see scorching summer sending ecommerce sales soaring

summer and unprecedented heatwave conditions across the country have bumped up online demand for products like air-conditioners and coolers, boosting overall ecommerce sales, analysts and companies said. Sales on quick-commerce platforms too have benefitted, as the purchase of products like ice creams and beverages has shot up, and as the extremely hot weather kept people indoors and away from stepping out to shop at offline stores.

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