India Financial News

stock market full of speculations around the implications of a low voter turnout in all the first three phases of the ongoing Lok Sabha election, Nifty today fell below its 50-DMA. In the last three days, Sensex has lost over 1,000 points while the combined market capitalisation of all BSE-listed stocks has fallen by Rs 11 lakh crore. Dalal Street has been defying cues from Wall Street as the Dow Jones has been trending up for four consecutive trading sessions, but Nifty has turned highly volatile and apprehensive amid selling by FIIs.

S Jaishankar on Tuesday said India today is not only seen across the globe as "friendly and fair" but also as a "firm and fiery" nation that cares for its people and fends for them in crisis situations. Jaishankar made the remarks while speaking on the topic "Viksit Bharat @2047-The Voice of the Youth" at an event at the Delhi University's Hansraj college.

Samajwadi Party chief Akhilesh Yadav on Tuesday alleged that the BJP workers was trying to loot booths in the state's Mainpuri Lok Sabha constituency and detaining people from opposition parties in police stations. «In Mainpuri, BJP people are trying to loot booths. They are detaining opposition people in police stations,» Yadav said without giving details.

Indian cricket team yesterday unveiled its fresh jersey ahead of the upcoming T20 World Cup 2024 in West Indies and US, adding to the fervor among fans. The new jersey reveals a vibrant design in the team's signature blue, courtesy of the official kit sponsor, Adidas.

Knight Frank India's latest report, 'Think India Think Retail 2024', sheds light on the growing phenomenon of ghost shopping malls across major Indian cities. The report indicates a significant increase in the number of such malls, which are defined by a vacancy rate exceeding 40%. According to the report, the number of ghost shopping malls rose from 57 in 2022 to 64 in 2023, reflecting a concerning trend in the retail sector.

retail assets resulting in around 13.3 million sq ft retail shopping center space being classified as 'Ghost Shopping Centers,' with a vacancy rate of 40% or higher in 2023, showed a Knight Frank India study.

United States Embassy has released the first tranche of student visa appointments in India for the September 2024 intake. " It’s almost Student Visa Season! The first tranche of student visa appointments for interviews in late May has been released. In the coming weeks we’ll release additional appointment tranches for June, July, and August," the U.S. Consulate General Hyderabad, announced.

tourist arrivals, Sri Lanka has renewed visa-free entry for visitors from India and six other select countries, aiming to make travel more accessible and convenient for international tourists. The countries included in this initiative are India, China, Russia, Japan, Malaysia, Thailand, and Indonesia, allowing their nationals to visit Sri Lanka for up to 30 days without visa fees. The Sri Lankan government's decision comes as part of efforts to rebuild the tourism industry, which has faced significant challenges due to the COVID-19 pandemic and the country's ongoing economic and political crises. The visa-free entry scheme, launched in October as a pilot project, reflects Sri Lanka's commitment to promoting tourism and creating seamless travel experiences for visitors from key markets. Although the visa-free entry allows visitors from the select countries to stay in Sri Lanka for 30 days, they are required to apply for their visa online through the website www.srilankaevisa.lk before their arrival. This online application process is designed to ensure smooth processing while maintaining security checks for incoming tourists.

The Reserve Bank of India (RBI) is working to expand the use of its Central Bank Digital Currency (CBDC) by actively developing an offline transfer capability.

Lupin fell 5% to Rs 1,598.3 in Tuesday's trade on BSE despite the pharma firm reported a 52% year-on-year (YoY) growth in its consolidated net profit at Rs 368 crore for the quarter ended March 2024. The same stood at Rs 242 crore in the last year quarter. Its revenue from operations in the same period jumped 12% YoY to Rs 4,961 crore as against Rs 4430 crore in the corresponding period of last year.

Axis Bank Ltd is on a lookout to hire Asian expatriates to help the lender win business from multinational companies.

urban consumption for packaged consumer goods in the January-March ’24 quarter for the first time in five quarters, consumer intelligence firm NielsenIQ (NIQ) said in its quarter sector update on Tuesday. While urban demand declined sequentially at 5.7% in the quarter, rural markets, which are crucial for overall FMCG growth, grew at 7.6%.

Elon Musk, has recently faced scrutiny for its layoffs, particularly after promoting employees just weeks before. In April 2024, Tesla initiated a series of layoffs, affecting as many as 21,473 employees across 50 companies in the technology sector. This move came as Tesla sought to reduce its overall workforce by approximately 10%.

Ambuja Cements Ltd. traded at Rs 597.0 on BSE at 11:47AM (IST) on Tuesday, down 1.47 per cent. The stock quoted a 52-week low price of Rs 395.95 and a high of Rs 649.0. Earlier in the day, the stock saw a gap up opening.

Marico jumped 10% on BSE in Tuesday's trade to the day’s high of Rs 583 after the FMCG major on Monday reported a 5% year-on-year (YoY) jump in its March quarter consolidated net profit at Rs 320 crore. The revenue from operations rose merely 1.7% YoY to Rs 2,278 crore from Rs 2,240 crore in the year-ago quarter although the company managed to trim its expenses to Rs 1,894 crore in Q4FY24 from Rs 1,970 crore in Q3FY24 and Rs 1,907 crore in Q4FY23.

Canada's Immigration Minister Marc Miller has expressed his disapproval of Indian External Affairs Minister (EAM) S Jaishankar's recent remarks on the arrests of three Indian nationals linked to the killing of India-designated terrorist Hardeep Singh Nijjar. In his response to a reporter's query, Miller acknowledged Jaishankar's right to express his opinion but dismissed the EAM's comments as inaccurate, as reported on the Cable Public Affairs Channel (CPAC), a Canadian television channel.

chronic condition affecting millions in India, demands increased awareness and effective management to dispel misconceptions surrounding it. With approximately 34.3 million asthmatics in India, constituting 12.9% of the global asthma population, it's alarming that nearly 90% of these individuals lack proper medication. Understanding that asthma can become chronic, it's crucial to recognize its early symptoms, which can manifest at any age, even as early as five years old. Early intervention is essential as poorly managed childhood asthma can lead to significant challenges in adulthood.

ANI. It is not known if the terrorists engaging in a firefight were the ones behind the May 4 attack on the IAF convoy, reported ANI. Meanwhile, search operations have intensified from the Surankote to the Jarran Wali Gali areas amid heavy security deployment in the area.

Aavesham OTT release date: The Blockbuster Malayalam movie Aavesham, starring Fahadh Faasil, is still running in theatres. It was released on April 11. In fact, as per Sacnilk, it earned ₹1.10 crore on the 26th day.

Frequently Asked Questions (FAQs) The required documents for a personal loan application can differ based on the lender, but here’s a general checklist: Optional documents (depending on lender) The approval duration for a personal loan can vary based on the lender and your specific circumstances, but it generally falls into these categories: There are various alternatives to personal loans that you might consider, each with its own advantages and drawbacks: The best option for you depends on factors like the amount needed, interest rates, repayment terms, and risks. Consider your specific needs and financial situation before deciding.

West Bengal killed six people on Monday after the state witnessed significant rainfall across districts. The sudden change in weather was seen as a relief from prolonged heatwaves. However, harsh weather resulted in infrastructure damage and even impacted flight services in the state.