India Financial News
06.05 / 14:03
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Arvind Kejriwal in fresh trouble? Delhi L-G recommends NIA probe, cites AAP's funding from Khalistani groups
Arvind Kejriwal-led AAP received a "staggering amount of $16 million in funding from Khalistani groups between 2014 and 2022". He said the complaint was submitted by one Ashoo Mongia.
06.05 / 14:03
security
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OnePlus Nord CE 4 Lite set to launch in India; BIS certification hints at imminent release. What to expect
OnePlus phone on the BIS website. The listed phone carries the model number CPH2619, believed to be connected to the OnePlus Nord CE 4 Lite. According to the tipster, the OnePlus Nord CE 4 Lite will be priced below Rs.
06.05 / 14:03
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Courts
NewsClick's Amit Chakraborty gets bail in UAPA case
ALSO READ: NewsClick: Court acknowledges founder received funds for pro-China content Justice Swarana Kanta Sharma had reserved the order after Chakravarty's counsel submitted that the chargesheet has already been filed in the case and the petitioner, after turning an approver, has been cited as a prosecution witness. Chakravarty's lawyer had said that the high court has the discretion under section 482 of the Code of Criminal Procedure (CrPC) to grant bail to him. The counsel for the Enforcement Directorate (ED) had said the prosecution has no objection if the relief is granted to him.
06.05 / 14:03
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India's pickled mini cucumbers are a global delight
NEW DELHI : The popularity of Indian gherkins – pickled baby cucumbers – is growing across Europe, the US, South Korea and Brazil. In Europe, imports have surged in Germany, Spain, the UK, Netherlands, France, Italy and Greece. Exports surged 10% to $218.76 million in 2022-23 from $199.38 million in 2021-22.
06.05 / 14:03
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Stocks to buy: From ICICI Bank to NMDC - Motilal Oswal recommends these shares to buy this week
Indian stock market: The Indian stock market indices, Sensex and Nifty 50, concluded the trading session with a mixed performance, on May 6. Shares of specific heavyweight companies such as Titan, SBI, and Reliance Industries exerted notable downward pressure on these primary indices. The Sensex ended the day with a slight increase of 17 points, or 0.02 percent, closing at 73,895.54, whereas the Nifty 50 concluded with a decrease of 33 points, equivalent to 0.15 percent, closing at 22,442.70.
06.05 / 14:03
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Want to invest in SGBs through demat route? Here's a guide
Also Read: Sovereign Gold Bonds: From advantages to eligibility; all you need to know In recent years, investors have been showing a growing preference for investing in SGBs as a means of allocating funds to gold compared to alternative options for investing in gold. In this article, we will explain how to use different options including demat account to invest in these bonds. Sovereign Gold Bonds (SGBs) are a unique investment avenue that combines the attributes of gold with the convenience of bonds.
06.05 / 14:03
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Lok Sabha elections 2024: Amid rising deepfake content, EC directs political parties to remove fake clips within 3 hours
publishing and circulating deep fake audios/videos, disseminate any misinformation or information which is patently false, untrue or misleading in nature, to refrain from posting derogatory content…The parties have been directed to promptly remove any such content within three hours of bringing it to their notice, warn the person responsible in their party…" Recently, a political slugfest erupted over a doctored video of Home Minister Amit Shah and notices were served to 17 persons, including Telangana Chief Minister and Congress leader Revanth Reddy. Arun Reddy, who handled 'Spirit of Congress' X account, was arrested in connection with Amit Shah's doctored video case.
06.05 / 13:57
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Best Neem Juices in India to Battle the Summer Heat: Vitality with Well-being
In India's diverse market of wellness beverages, selecting the finest neem juice can be daunting. Join us on a journey through the top contenders in India's neem juice market, as we delve into brands that prioritize purity, potency, and the rich heritage of this sacred botanical, offering a blend of tradition and modern wellness.
06.05 / 13:57
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India on track to become third largest consumer market by 2026: UBS
India is on track to become the third largest consumer market in 2026, overtaking Germany and Japan, as people in the affluent category increase, UBS said in its latest report released Monday. “As of 2023, there were an estimated 40 million people in India (4% share in the population of 15 years and above) in the affluent category (annual income above $10,000), and these will likely more than double in the next 5 years,” UBS said, highlighting 88 million people with over $10,000 annual income by 2028. The investment bank noted that consumption growth will likely remain muted at 4-5% in the current and next fiscal and below the 6.5-7% average annual growth witnessed during FY11 and FY20.
06.05 / 13:57
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Godrej Consumer Q4 Results: FMCG major posts loss of Rs 1,893 crore against profit a year ago
Godrej Consumer Products (GCPL) on Monday reported a consolidated net loss of Rs 1,893 crore for the quarter ended March 31, 2024, versus net profit of Rs 452.14 crore in the year-ago period. The company also declared an interim dividend of Rs 10 per share for the financial year 2024-25 and the record date for ascertaining the names of the shareholders who will be entitled to receive the said dividend is Tuesday, May 14, 2024. The dividend will be paid on or before Wednesday, June 5, 2024.
06.05 / 13:57
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Team India's T20 World Cup jersey revealed in 'flying' style
15-member squad and who was not, team India's T20 jersey for the T20 World Cup was the most awaited thing among the fans. Adidas, India's official kit partner, on Tuesday revealed India's T20 jersey in a rather interesting way. The video features skipper Rohit Sharma and spinner Kuldeep Yadav and all-rounder Ravindra Jadeja at the picturesque Dharamsala stadium. A chopper is seen carrying the blue-orange jersey.
06.05 / 13:57
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Bhumika group to develop 3 lakh sq ft of retail space with government
Bhumika Group, Rajasthan’s largest mall developer has planned to develop 300,000 sq ft of retail space under the Public-Private Partnership (PPP) model with various government authorities. The company is already developing retail space at NHPC Metro Station in Faridabad and plans to take more such space. It has entered into a joint development agreement to develop a high-street retail project spread across 550,000 sq ft in Faridabad.
06.05 / 13:57
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Porbandar Lok Sabha Polls 2024: Date, schedule, result, party-wise candidates and other details you need to know
Bharatiya Janata Party, the Porabandar Lok Sabha constituency will see a heavyweight in Mansukh Mandaviya contest from there. In the past elections, the seat has switched hands a few times from the Congress and the BJP, but has remained in the saffron party's grip since 2013, when it won the seat in a by-poll. Currently the Health Minister in the Narendra Modi Cabinet, Mansukh Mandaviya will be contesting the 2024 Lok Sabha elections counting on his performance as the point person during the height of the COVID-19 pandemic. Going up against him is the Congress' Lalit Vasoya. The Congress last won this seat in 2009 and lost it almost instantly in 2012 when Vitthalbhai Radadiya quit the party and later contested the same seat on a BJP ticket.
06.05 / 13:57
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Union Minister, ex-CMs in north Karnataka's Lok Sabha battleground
Basavaraj Bommai and Jagadish Shettar and AICC President Mallikarjuna Kharge's son-in-law Radhakrishna Doddamani are among the 227 candidates facing the polls in the 14 constituencies in north Karnataka on Tuesday. Ministers Lakshmi Hebbalkar, Shivanand Patil, Eshwar Khandre and Satish Jarkiholi and seeking to launch their sons and daughters in electoral politics with the LS polls. About 2.59 crore electors will cast their vote at 28,269 polling stations where voting will take place between 7 am to 6 pm.
06.05 / 12:39
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Indian Coast Guard intercepts Iranian fishing vessel off Kerala coast, six fishermen detained | Watch
Indian crew on board, west of Beypore off the coast of Kerala late on May 05, 2024, the Indian defence ministry said, adding that the swift sea-air coordinated operation involved the ships and aircraft of the ICG. Taking to the microblogging platform (formerly known as Twitter), the Indian Coast Guard posted," In a swift sea-air coordinated operation intercepts & detains #Iranian fishing vessel in #Arabian sea west off #Kerala coast with 06 #Indian crew employed on contractual basis at Iran. Crew alleges exploitation & mistreatment by the boat owner.
06.05 / 12:39
Provident
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International
How is a seafarer's income taxed?
—Name withheld on request Being a seafarer, there are certain concessions granted to you for determination of tax residence in India under the Income Tax Act, 1961 (ITA). Since you have left Indian territory as a crew member on an Indian-flag ship, you have to cross the threshold of 182 days or more stay in India in order to qualify as a tax resident of India.
06.05 / 12:23
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2020
Railways clocks 1.46% higher freight loading in April 2024
Indian Railways has loaded 128.29 million tonnes (MT) freight during April 2024. This is 1.46% higher than the 126.45 MT freight loading for April 2023. With this, the national transporter has clocked the 55th straight month of highest ever freight loading, beginning October 2020. Freight revenue earnings during the month under review stood at Rs 14,075.14 crore, up from Rs 13,893.27 crore in April 2023. Railways loaded of 57.64 MT in Coal, 14.88 MT in Iron Ore, 5.24 MT in Pig Iron and Finished Steel, 6.79 MT in Cement, 4.75 MT in Clinker, 3.85 MT in Foodgrains, 4.01 MT in Fertilizers, 4.16 MT in Mineral Oil, 6.57 MT in Containers and 9.54 MT in Balance Other Goods during April 2024. For the full fiscal ending March 2024, Indian Railways loaded 1591 MT freight up from 1512 MT in the preceding fiscal. Records of railway electrification, new lines, and track replacement were also made during the fiscal 2023-24. Within goods loading, the Railways ferried 787.61 MT of Coal, 180.95 MT of Iron ore, 153.80 MT of Cement, and 114.36 MT as Balance Other Goods for the full fiscal 2023-24.
06.05 / 12:23
markets
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Tech View: Nifty forms Inside Bar candle. What should traders do on Tuesday
Nifty on Monday ended 33 points lower to form an Inside Bar pattern on the daily chart with the India VIX recording a surge of over 13%. “We need to wait and watch, till the high (22,589) or low (22,409) is taken out for further direction on Nifty. Support for the Nifty is now seen at 22,350 and 22,200-250 levels. On the higher side, the immediate resistance zone for Nifty is at 22,600-625 levels and the next resistance is at 22,800 Mark. Overall, Nifty is likely to remain volatile within the 22,200–22,800 range in the near term with a negative bias, said Tejas Shah, Technical Research, JM Financial & BlinkX.
06.05 / 12:23
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Rabindranath Tagore Jayanti 2024: Inspirational quotes, messages to celebrate the birthday of composer of India’s National Anthem
India commemorates the birth anniversary of the literary luminary, Rabindranath Tagore, on May 7th, 2024, it's not just a day of remembrance but a celebration of his profound legacy that continues to resonate across the globe. Tagore, fondly remembered as Gurudev, was not only a poet, philosopher, and artist but also the composer of India's National Anthem, "Jana Gana Mana." His contributions to literature, music, and education have left an indelible mark on Indian culture and beyond.
06.05 / 12:19
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From ‘Pappu’ to ‘Shehzada’: BJP's changing tactics for Rahul Gandhi
Pappu’ has been a common pet name in India, especially the North. In certain context, it is also used to denote a foolish or an ill-witted person. The BJP successfully used the name as a political tool in the run-up to the 2014 Lok Sabha elections to discredit Congress leader and Member of Parliament (MP) Rahul Gandhi.
06.05 / 12:19
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Voter turnout: What data says about India’s reluctant electors
As 94 Lok Sabha seats go to polls on Tuesday in the third phase of the ongoing elections, voter turnout will again be under scrutiny. The election season has had a disappointing start, with overall turnout in the first two phases lower than it was in 2019. This trend has sparked concerns over whether Indian voters are less inclined to cast their ballots amid the scorching summer heat.
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