India Financial News

BSE at 11:06AM (IST) on Wednesday, up 1.91 per cent from previous close. The stock quoted a 52-week low price of Rs 604.0 and a high of Rs 1076.35.

pet dog inside the lift of the upscale Lotus 300 Society in Noida's Sector 107. The incident took place on May 3, adds to a growing number of dog attacks in the city. CCTV footage from inside the lift captured the harrowing moment. The video shows the girl alone in the lift when the doors open, and suddenly, a pet dog rushes in and launches an attack. The child had no chance to defend herself against the unexpected assault. This incident has raised serious concerns about safety measures within residential complexes, particularly regarding pet ownership and management. It underscores the importance of implementing strict regulations and guidelines to ensure the safety of residents, especially children, from such unforeseen dangers.

Shares of JSW Energy surged 5.8% today on BSE to the day’s high of Rs 618 after brokerages raised target prices on the stock following Q4 results. The company reported a 22% YoY jump in March quarter profit to Rs 345 crore.

Swaminathan Aiyar, Consulting Editor, ET Now, says “BJP may have many jewels, but Mr Modi is Koh-i-Noor. The biggest thing the BJP has going for it is Mr Modi. And at the end of it all, you can have 25 different analyses of different issues. But if the stark choice is, do you want Mr Narendra Modi or do you want Mr Rahul Gandhi? I have no doubt that people will opt for Mr Modi, whatever their other reservations are. Whether he gets an increased majority or a reduced majority is another matter. But even if the BJP loses 100 seats, they will get more parties with them and so surely Mr Modi will be back.” On inflation the prime minister has cited the Korean War during the Nehru regime and he has spoken about how inflation was the highest during Indira Gandhi's time. Up front, what do you make of this historical context that the prime minister is referencing on inflation and the impact of the war in Ukraine, which he says affects food, fertiliser and fuel prices directly? Swaminathan Aiyar: He recalls inflation back in the early 50s. It is a fact that the Korean War resulted in a shortage of all kinds of commodities, which were being used for the war effort on both sides. Because of that very steep rise in all commodity prices, there was an increase in price in India too. While it is true that there were a certain number of restrictions on imports, actually imports were pretty free in the early 50s. Therefore, there was an impact.

AAP) in Punjab, former Amritsar Deputy Mayor, Avinash Jolly resigned from the party and joined the BJP in Amritsar on Tuesday amid ongoing Lok Sabha elections. In a post on X, BJP National Secretary Narinder Singh wrote, «Avinash Jolly, former deputy mayor (Amritsar) along with hundreds of supporters joined BJP at Amritsar, Punjab.» In Punjab, voting for its 13 seats will take place in a single phase, the seventh and final phase on June 1 will see voting in Gurudaspur, Amritsar, Khadoor Sahib, Jalandhar, Hoshiarpur, Nandpur Sahib, Ludhiana, Fatehgarh Sahib, Faridkot, Firozpur, Bathinda, Sangrur, and Patiala constituencies.

Indian Americans favour a third term for Prime Minister Narendra Modi as his government's policies are transforming India, an influential community leader has said. Indians are part of the deep economic growth of the United States and they've been working hard to contribute to the economic growth, Indian-American Democratic fundraiser Ajay Jain Bhaturia said, underling that when they see similar economic growth happening back in India, they feel very proud of it. «I think the majority of Indian Americans want Prime Minister Modi to come back. It's a sense of pride for them that when India shines, they shine,» Bhaturia told PTI in an interview.

Sandur Manganese & Iron Ores Ltd.(up 3.44%), NMDC Ltd.(up 1.81%), Coal India Ltd.(up 1.07%), Gujarat Mineral Development Corporation Ltd.(up 1.06%), Aro Granite Industries Ltd.(up 0.98%), The Orissa Minerals Development Company Ltd.(up 0.52%) and Pokarna Ltd.(up 0.19%) were among the top gainers.

The NSE Nifty index was trading 84.16 points down at 22218.35, while BSE Sensex was down 327.19 points at 73184.66 at the time of writing this report.

retail sector in India registered a growth of 27 per cent on an annual basis in April, driven by stable fuel prices and new model launches even as Lok Sabha elections dampened consumer sentiment, FADA said in a press release on Wedensday. Retails of two-wheelers increased by 33 per cent while three-wheelers, passenger vehicles, commercial vehicles and tractors grew by 9 per cent, 16 per cent, 2 per cent each, the auto body said. The tractor segment grew by 1 per cent in April. Auto retails in April were buoyed by a favourable market sentiment which was driven by stable fuel prices, a positive monsoon outlook, festive demand and the marriage season.

Kapu community voters and anti-incumbency coupled with his personal charisma are what Janasena chief Pawan Klayan hopes to see him through the hustings in the Pithapuram assembly segment, while his opponent, the YSR Congress party's nominee Vanga Geetha, largely depends on her track record to defeat the actor-politician. Pithapuram shot into limelight after the segment was allotted to Janasena as part of seat sharing agreement of NDA and Kalyan, who belongs to the dominant Kapu community of the region, announced his candidature from it. The move forced the ruling YSRCP to field its sitting Kakinada Lok Sabha member Vanga Geetha, who also belongs to the same forward community, to take him on. The seat allocation to Janasena did not go down well with the supporters of former TDP legislator from the segment SVSN Varma and they raised a hue and cry.

Southern Petrochemicals Industries Corporation Ltd.(up 2.17%), Nagarjuna Fertilizers and Chemicals Ltd.(up 1.95%), Zuari Agro Chemicals Ltd.(up 1.71%), Aries Agro Ltd.(up 1.43%), Chambal Fertilisers & Chemicals Ltd.(up 1.28%), Gujarat State Fertilizer & Chemicals Ltd.(up 1.19%), Sikko Industries Ltd.(up 1.17%), Rashtriya Chemicals & Fertilizers Ltd.(up 1.09%), Agro Phos India Ltd.(up 1.05%) and National Fertilizers Ltd.(up 0.92%) were among the top gainers.

Air India Express on Wednesday said that it has cancelled some flights due to a shortage of cabin crew members as a section of them reported sick. Sources said the airline has been forced to cancel over 80 flights starting last night as more than 200 cabin crew has reported sick protesting against the airline’s HR practices. Air India Express operates around 360 flights per day. «A section of our cabin crew reported sick at the last minute, starting last night, resulting in flight delays and cancellations. While we are engaging with the crew to understand the reasons behind these occurrences, our teams are actively addressing this issue to minimise any inconvenience caused to our guests as a result,” a spokesperson of the airline said.

RattanIndia Power Ltd.(up 4.33%), Transformers & Rectifiers(India)Ltd.(up 4.21%), Indowind Energy Ltd.(up 4.04%), PTC India Ltd.(up 3.70%), NLC India Ltd.(up 3.12%), SJVN Ltd.(up 2.53%), Hitachi Energy India Ltd.(up 2.10%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), Indo Tech Transformers Ltd.(up 1.99%) and Jaiprakash Power Ventures Ltd.(up 1.90%) were among the top gainers.

TBO Tek IPO opens today: General Atlantic-backed initial public offering (IPO) of TBO Tek Limited has hit the Indian primary market today. The public issue worth ₹1,550.81 crore will remain open till 10th May 2024. This means that mainboard IPO will remain open from Wednesday to Friday this week.

ELSS funds which have delivered higher than 18 percent returns in the past 10 years. Let us first understand what ELSS mutual funds are? These refer to the mutual funds which have at least 80 percent investment in stocks in accordance with Equity Linked Saving Scheme (ELSS), 2005, notified by the Ministry of Finance. They have a lock-in period of three years (shortest amongst all other tax saving options) and are eligible for tax deduction up to ₹1.5 lakh under Sec 80C of the Income Tax Act.

Canadian territory. He also emphasized that the fate of India will be determined by Indians themselves, not by foreigners. Addressing an event in Montreal on Tuesday, the Indian High Commissioner said, “Discussions are taking places at government level on both sides through diplomatic channels.

₹300 to ₹315 per share. Aadhar Housing Finance IPO raised ₹898 crore from anchor investors on Tuesday, May 7. Bids can be placed for multiples of 47 shares, with a minimum bid of 47.

The Nifty future closed negative with losses of 0.78% at 22375 levels on Tuesday. India VIX was up by 2.71% from 16.60 to 17.05 levels.

Narendra Modi is doing a phenomenal job in making India rise again and make a mark on the global stage, a Silicon Valley-based tech entrepreneur has said. «Objectively speaking, when you look at the sentiment in India or the sentiment globally about India, the only observation you have is that Mr Modi is doing a phenomenal job of making India rise again on the world stage,» Sandeep Bhat, the co-founder of Devicethread, a startup aimed at revolutionising the hospitality industry by connecting digital and physical infrastructure, told PTI in an interview. «That's my personal sentiment for sure. I cannot speak for TiE, but I am a big fan of Modi at a personal level, and I hope that his leadership takes India to the next stage in the coming years,» said Bhat, a board member of TiE Silicon Valley. Noting that India has witnessed a lot of development in the last 10 years, he said one «cannot deny» that India is making progress by leaps and bounds.

“In the next bull run, I guess that NBFCs might perform well. Fundamentally, upside potential is a minimum of 15% to 20% in most of the NBFCs,” says Shrikant Chauhan, Head of Equity Research, Kotak Securities. In an interview with ETMarkets, Chauhan said: “If the interest rate cycle starts turning downward in the 2nd quarter of FY2024 then there could be a specific buying interest in the sector,”. Edited Excerpts: Markets have started picking momentum after the initial fall despite geopolitical concerns. What is your take on markets? Shrikant Chauhan: Post some dip in March 2024, the equity markets have regained momentum. India’s macro-economic data points like GST collections and manufacturing & services PMI have been healthy.

₹52,999. The smartphone runs on Google's own Tensor G3 chipset and comes with 7 years of promised OS updates, Gemini AI integration and a dual camera setup. Google Pixel 8a features a 6.1 inch Full HD+ OLED HDR display with 120Hz refresh rate, a peak brightness of 2,000 nits and Corning Gorilla Glass 3 protection on the front.