India Financial News

Also Read: Tamil Nadu police arrest YouTuber Savukku Shankar over defamatory remarks against women cops According to a NDTV report, the deceased have been identified as Charukavi, Gayathiri, Sarvadarshith, Praveen Sam and Venkatesh. Venkatesh was a resident of Andhra Pradesh while the other four belonged to Tamil Nadu. "The group had accessed the closed Lemur Beach through a coconut grove.

IPL matches against each other so far. DC has won 13 and Rajasthan 15. DC’s highest total against the Royals so far is 207.

emat account has evolved beyond mere equity trading, now offering investors a spectrum of avenues to diversify their portfolios across various asset classes. Apart from stocks, investors can seamlessly venture into bonds, mutual funds, ETFs, as well as Real Estate Investment Trusts (REITs). Traditionally, Indians have favored real estate investments due to their potential for capital appreciation and steady rental income.

Mint found out about two fintechs—ANQ Finance and GoSats.io— that offer digital gold and bitcoin as rewards for any spending done via their prepaid cards. Both the fintechs suggested that traditional card cashbacks are in the form of reward points which need to be accumulated for benefits that , however, depreciate over time. And it happens frequently whenever card issuers go in for devaluations of their popular cards, as in the case of Axis Magnus or HDFC Infinia.

State Bank of India has invested Rs 714 crore in New York headquartered TCG Urban Infrastructure, who is developing world trade centre in Gurugram with one million sq ft of leasable space. The total cost of the project is expected to be Rs 1,211 crore of which Rs 497 crore has been invested by the promoter, according to documents accessed through CRE Matrix, a real estate data analytics firm.

global concern surrounding environmental issues and clean energy pose certain threats to Indian companies planning to invest abroad, consultancy major EY said in a report. While deeper insights are needed in areas like Carbon Border Adjustment Mechanism (CBAM), transfer pricing regime, permanent establishment rules, it said that higher investment limits for strategic PSUs investing overseas and investment by family offices are expected to spur overseas investments. India’s outward foreign investment increased to $22.88 billion in FY23 from $1 billion in FY02. On CBAM, it said: “Effective October 2023, it will be an additional cost for importers of specific emission-intensive product categories into the EU and means new compliance and reporting obligations. Companies therefore need to proactively address CBAM-related challenges for exporting ‘covered products’ to their overseas subsidiaries by understanding the requirements, assessing the potential impact on their operations and by developing a compliance plan”.

Regional Meteorological Centre issued a yellow alert for a heatwave from May 7 to 10 on Monday and mentioned the possibility of loo following the hot weather conditions in the state. «The average temperature in most areas of Rajasthan is recorded at more than 40°C. The highest 42.2 was recorded in Phalodi. In the next 48 hours, in most parts of Rajasthan, the average temperature will increase by 2-4 degrees,» said Radheshyam Sharma, director of the Jaipur Meteorological Centre. «In Rajasthan, the temperature will be 44-45 °C. There is a possibility of heatwaves and loo. From May 7 to 10, there will be a heatwave. From May 10-11, there is a possibility of light rain in some regions. From May 7 to 10, IMD Jaipur has issued a yellow alert for heatwave,» he added.

Shares of Mahindra & Mahindra Ltd.(up 1.46 per cent), Balkrishna Industries Ltd.(up 0.87 per cent), Tata Motors Ltd.(up 0.28 per cent) and TVS Motor Company Ltd.(up 0.2 per cent) ended the day as top gainers in the pack.

Hero Realty announced that it has bagged Indian Green Building Council (IGBC) Gold Rating for Saheb Project. It said that Gold Rating has been given for HRPL’s project situated in Sector 104 along the Dwarka Expressway.

Gangetic West Bengal and Tamil Nadu, with similar severe conditions noted in isolated regions of Odisha, Rayalaseema, interior Karnataka, and Telangana. Heat wave conditions have persisted in Odisha since the 15th of April, Gangetic West Bengal since the 17th, and Rayalaseema since the 24th of April, 2024, according to IMD. Heat wave conditions are expected to abate over east India starting today and over southern Peninsular India from tomorrow onwards. Additionally, there is a forecast for a new heat wave spell to affect Western India, encompassing Gujarat, Rajasthan, and western Madhya Pradesh, over the next five days.

Keshav Prasad Maurya on Monday said both Samajwadi Party chief Akhilesh Yadav and Congress leader Rahul Gandhi will be defeated in Kannauj and Rae Bareli, respectively in the Lok Sabha elections. Addressing a gathering in support of BJP candidate from Shravasti, Saket Mishra, Maurya said the manner in which Akhilesh's wife Dimple Yadav was defeated in 2019 from Kannauj, the same will be his fate this time. «Rahul will also taste defeat from Rae Bareli,» he said. The BJP leader expressed confidence of the saffron party winning more than 400 seats in the general elections.

recycling and reuse of plastic packaging may hurt consumer plays such as Britannia Industries, Colgate Palmolive India and Nestle India while benefiting ITC, Ganesha Ecosphere, EPL, and Uflex, according to Kotak Institutional equities. The new rules, which could put India ahead in the global league in terms of handling plastic waste problems, will increase the packaging costs of consumer staple companies, Kotak. On the other hand, plastic recyclers and innovative packaging companies such as Ganesh, EPL, Uflex and ITC, which can provide solutions for making plastic recyclable, develop products using post-consumer recycled material (PCR), and offer economical alternatives to plastics, will be the key beneficiaries of the roll-out of the new rules.

Under the Bridge, based on the disappearance of Reena Virk, is all set to release on OTT. In 1997, Virk - a 14-year-old Indian girl in Canada - disappeared after attending a party, only found to be murdered. The murder that took place in British Columbia in the late 90s made widespread headlines.

“snatch your property" and “distribute it among selected people" like when it was in power, the Karnataka BJP's animated video showed caricatures of Rahul Gandhi and Siddaramaiah placing an egg with "Muslims" written on it in a nest along with three eggs marked as "SC, ST and OBC." The video further showed the caricature of Rahul Gandhi feeding "funds" only to the bird that hatched out of the "Muslim" egg. The case against the BJP leaders has been registered under the Indian Penal Code’s (IPC) section 505(2) (statement conducing public mischief), and the Representation of People Act’s Section 125 (promoting enmity between classes). “We have registered a case against JP Nadda, Vijayendra, and [Amit] Malviya on the complaint filed by KPCC member Ramesh Babu.

₹10 per equity share, the Slone Infosystems IPO price band has been set at ₹79. A lot size of 1,600 shares is available for the Slone Infosystems IPO. Applications for equity shares must be made in multiples of 1,600 beginning with a minimum of 1,600 shares.

PwC’s Integrated Accounts Payable Engine: This is a complete solution to drive touchless, paperless invoice processing with in-built tax compliance at the transaction level. It has an AI-based invoice reading solution and workflow to handle invoices (purchase order (PO) and non-PO based) and a supplier portal with 50+ other features. This GenAI-enabled tool can be used to handle vendor queries as well as onboarding and matching processes.

financial year 2024-2025, all eyes are on the Reserve Bank of India and its actions that will shape the country's economic landscape. With the first monetary policy committee meeting for FY25 being on the hawkish side, the market is eager to gauge how and when will the central bank's stance change amidst the inflationary pressure sustaining.

Diamonds (LGDs) exports are expected to witness a revival in FY25, with exports expected to grow by 7-9% to reach a value of~US$1500-1530 million, according to CareEdge Advisory. LGD exports have been declining in recent time, and have seen around 16.5% decline y-o-y for FY24. While the sales volume of LGDs have been growing, the declining prices have impacted the exports. Nevertheless, the depreciating rupee is likely to act as a cushion for the industry, believes CareEdge Advisory. Going forward the demand for LGD exports are expected to revive in FY25, as demand for naturally mined diamonds may remain sluggish. This is attributed to its price point, environmental sustainability, and intensified competition from India against other leading LGD-producing nations.

price band at Rs 131-138 per equity share for its initial public offering which will hit the capital market on Thursday to raise around Rs 41 crore. The public issue of Energy Mission Machineries (India) will open on May 9 and conclude on May 13, and the shares will be listed on NSE SME's platform, Emerge, the company said in a statement. The public offer is entirely a fresh issue of 29.82 lakh Equity shares of Rs 10 face value and no Offer for Sale component, according to the red herring prospectus (RHP).

China's third aircraft carrier, Fujian, embarked on its maiden trials last week, marking a significant moment in China's naval expansion efforts aimed at challenging the US's global presence. Named after the Fujian province, the carrier is the largest and most advanced Chinese aircraft carrier ever built. Testing Reliability and Stability The Fujian carrier set sail from Shanghai's Jiangnan Shipyard, with the trials primarily focused on testing the reliability and stability of its propulsion and electrical systems, as reported by state news agency Xinhua.

«We are always going to have an exposure to new energy vehicle companies because a lot of innovation comes from those companies but there are some volatility issues that we have to grapple with and I think we have successfully done that in the context of the last fiscal year. So, we are very pleased with FY24 and the solid finish to the year that we had in Q4,» says Warren Harris, CEO & MD, Tata Tech. What has led to the revenue softness in the fourth quarter, especially the services segment for you? I would challenge the perception that growth has not been strong. If we look at the full year, we grew our business by 15.9% in Indian rupees. If we look at services specifically, we grew over 13%. I signalled in January that we had some runoff at VinFast as we transitioned from the completion of our engineering work to launch support.