India Financial News

Star India's operating loss from the sports business has increased by 50% to $342 million for the six months ended March 30, compared to $228 million in the corresponding six months of the previous fiscal. For the period under review, the Walt Disney-owned company's operating revenue from the sports business rose 40% to $504 million, while operating expenses jumped 51% to $786 million. In its Q2 results, Walt Disney said that the higher programming and production costs at Star India were attributable to higher rights costs for ICC and, to a lesser extent, IPL cricket programming in the current period compared to the prior-year period.

At a time when Indian courts are overburdened with cases, it might seem irresponsible to ask for a ruling to be reviewed. Yet, it is sometimes necessary. As reported this week, a few large banks have decided to move the Supreme Court to resolve differences over borrowers tagged as ‘fraud accounts’ by lenders.

Stock market today: Following a period of sideways movement on Monday, the Indian stock market experienced a significant shift on Tuesday, slipping into the weakness zone with range-bound action and ending lower. The Nifty 50 index dipped 140 points and closed at the 22,302 mark, the BSE Sensex corrected 383 points and closed at the 73,511 level, while the Bank Nifty index lost 609 points and finished at the 48,285 mark. This marked a notable change in the market's performance, with the India VIX index surging to a new 52-week peak of 17.64 and finishing 2.45 percent higher at 17.01 level, recording nearly 35 percent rise in one week.

The dematerialisation of shares has revolutionised the way investors participate in the stock market, streamlining the process and making it more accessible. A key element of this transformation is the demat account, which allows for the electronic holding and trading of securities. While individual investors are well-versed with the concept of demat accounts, one of the questions is: Can trusts open a demat account in India?

Margin Trading Facility (MTF) is a service provided by select brokers in India that allows investors to purchase securities by paying only a portion of the total transaction value, known as the margin. This margin can be paid either in cash or through shares held as collateral.

Congress leader Priyanka Gandhi said that under the reign of Prime Minister Narendra Modi, "British Raj-like conditions" are prevailing in the country, with the government policies only benefiting billionaires. «British Raj-like conditions are prevalent in the country. The policies of the Modi government are not being made keeping in mind the poor but have been made to benefit the billionaires. International reports show that today the condition of inequality in India is worse than British rule,» Priyanka Gandhi said on Tuesday while addressing Congress workers in the Rae Bareli constituency in Uttar Pradesh, where her brother and Congress leader Rahul Gandhi is contesting. «All the institutions which strengthen democracy are being weakened, be it media or Parliament. Mahatma Gandhi, Pandit Nehru had fought against the British to strengthen the rights of the people, little did they know that a day would come in independent India when the government would be bent upon depriving the people of their rights,» she added.

Rajasthan Royals legbreak spinner Yuzvendra Chahal on Tuesday etched his name in the history books by becoming the first Indian to achieve the landmark of 350 wickets in the T20 format. Chahal achieved the feat against Delhi Capitals at the Arun Jaitley Stadium in the ongoing Indian Premier League (IPL) 2024 season. In his 301st T20 match, DC skipper Rishabh Pant became his 350th victim in T20 format. The left-handed batter went down and tried to place his shot across the field.

Canada, Sanjay Kumar Verma has described the relationship between the two countries as having «decade-old issues» that have resurfaced, with unfortunate crimes, and threats emanating from the land of Canada. Speaking at an event in Montreal on Tuesday, the Indian envoy said that «Indians will decide what will happen to India» and not the foreigners. «A lot of discussions at the government level, both sides, is happening and through the diplomatic channels. These channels are not open to the public and they are trying to find solutions and resolutions to the issues of concern on both sides. And the way in which it is moving, I think it will come to both sides to see the virtue of resolving the issues, satisfying the concerns of both sides. My concern is national security, and threats emanating from the land of Canada, these threats are largely emanating from the Canadian citizens...we are ready to sit down on the table any day, and we are doing that. And, we are trying to resolve this issue,» Verma told the Montreal Council on Foreign Relations.

Pixel 8a is priced at ₹52,999 in India for the 8GB RAM/128GB storage variant and ₹59,999 for the 8GB RAM/256GB storage variant. The phone is currently available to order on Flipkart and it will go on sale at 6:30 AM on May 14. Google is offering a ₹4,000 instant discount by making the payment using SBI Bank Credit Cards.

Stock market today: After showing a sideways movement (a term used to describe a market that is neither trending up nor down) with a weak bias (a slight inclination towards a particular direction) on Monday, the Indian stock market slipped into the weakness zone (a period of declining prices) with range-bound action (a situation where the price of a security trades in a narrow band) and ended lower on Tuesday. The Nifty 50 index dipped 140 points and closed at the 22,302 mark, the BSE Sensex corrected 383 points and closed at the 73,511 level, while the Bank Nifty index lost 609 points and finished at the 48,285 mark.

gold is the most popular way of owning gold, either in jewellery or gold coins. “Gold buying on this day is considered very auspicious by Hindus, especially though it brings wealth and happiness," said Ashish Aggarwal, Director, Acube Ventures Ashish Aggarwal points out that storing your investment in secure vaults reduces physical storage and transportation issues and protects it from theft and other risks. Sovereign Gold Bonds (SGBs) are the perfect alternative to investment in physical gold.

2019 Lok Sabha elections, the Congress had fielded candidates on 421 seats. In 2014, it contested 464 seats and in 2009, the party fielded candidates on 440 seats. The party contested 417 seats in 2004 Lok Sabha elections.

India’s central bank digital currency (CBDC) has had a test run since 2022 and it’s heartening to see it evolve. The e-rupee may soon be made accessible even offline, which will enhance its ease of use.

Buy or sell stocks for today: After showing a sideways movement (a term used to describe a market that is neither trending up nor down) with a weak bias (a slight inclination towards a particular direction) on Monday, the Indian stock market slipped into the weakness zone (a period of declining prices) with range-bound action (a situation where the price of a security trades in a narrow band) and ended lower on Tuesday. The Nifty 50 index dipped 140 points and closed at the 22,302 mark, the BSE Sensex corrected 383 points and closed at the 73,511 level, while the Bank Nifty index lost 609 points and finished at the 48,285 mark.

NEW DELHI : India's small cities and towns, once emblematic of neglected infrastructure and stagnant lifestyles, are now hotspots of rising consumption—a pattern not gone unnoticed by India’s hospitality sector. Demand for hotels and resorts in small cities and towns, especially those categorized as tier 3 and 4, is climbing at an unprecedented rate. Cities such as Mhow, Silvassa and Rewa, which offer attractive investment opportunities at lower land acquisition and operational costs, are emerging as compelling destinations for a good number of hospitality companies.

Hardeep Singh Nijjar last year in a killing that triggered a diplomatic crisis between Canada and India appeared briefly in a British Columbia courtroom on Tuesday. Karanpreet Singh, 28, Kamalpreet Singh, 22 and Karan Brar, 22, all Indian nationals, face charges of first-degree murder and conspiracy to commit murder. The three appeared via video link wearing orange prison uniforms.

Rabindra Jayanti, the birthday of Rabindranath Tagore, a prominent Bengali poet, writer, and philosopher. This day is primarily celebrated in the Indian state of West Bengal and Bangladesh.

Also Read: Nifty 50, Sensex today: What to expect in Indian stock market trade on May 8 According to Vinod Nair, Head of Research at Geojit Financial Services, the domestic market kept consolidating in spite of encouraging signals from outside the world. A number of variables, such as premium valuations and the low turnout in the current election, are contributing to profit booking in the home market. Nonetheless, FMCG continued to be the largest sectoral gainer throughout today's trading session, supported by hopes for better volume growth from rural regions thanks to favourable monsoon forecasts.

Top Events on May 8: Prime Minister Narendra Modi will address an election rally in Andhra Pradesh on May 8. Besides this, Tata Power, L&T and other companies will announce their Q4 results today. The Supreme Court of India will also hear petitions on Uttarakhand forest fire incidents.

«Although Nifty opens positive, it is witnessing resistance at higher levels, indicating cautiousness among the investors with the progress of both the result season and the Lok Sabha election. We expect this volatile move to continue till the Exit poll. Hence market to remain in a broader range until clarity emerges,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Mumbai: Aadhar Housing Finance raised ₹898 crore from 61 investors ahead of its IPO on Tuesday. The company offered 2.85 crore shares at ₹315 each.