India Financial News
06.05 / 03:15
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Elections 2024: Historic for the Constitution that unites us all?
The Indian Constitution—or the Samvidhan in Hindi—has rarely if ever been a campaign spearhead for national elections. This time, though, poll speeches have brought it up with a frequency that may suggest a deep divide over it. The irony: Both archrivals in the country’s electoral fray, the Bharatiya Janata Party (BJP) and Congress, have accused each other of planning to twist it for partisan ends.
06.05 / 03:15
Diversity
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Karnataka: Mother throws disabled son into crocodile-infested river. Here's what happened
PTI. Speaking on the incident, police said that the mother threw her child into a waste canal that is directly connected to the crocodile-infested Kali River after the couple argued on Saturday night about the same matter.
06.05 / 03:13
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Manufacturing
Deloitte
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Easing FDI norms in space sector to attract foreign players, boost demand for high-tech jobs
space sector will help attract foreign players as well as startups and will boost demand for high-tech jobs, experts say. The government has eased FDI norms in the sector by allowing 100 per cent overseas investment in making components for satellites, as part of efforts to attract overseas players and private companies into the segment. The provisions were notified last month.
06.05 / 02:59
Mobile
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Investigations
Indian Army, CRPF, and J&K Police apprehend two suspects with weapons in Shopian
Indian Army, Central Reserve Police Force (CRPF), and Jammu and Kashmir Police apprehended two individuals in possession of weapons at Aloora in Shopian, Jammu and Kashmir. The operation, based on specific intelligence input, resulted in the recovery of one pistol, two hand grenades, and other warlike stores from the suspects. The Chinar Corps tweeted about the operation, stating, «Based on specific intelligence input, a Joint Mobile Vehicle Check Post (MVCP) was established today by Indian Army, CRPF, and J&K Police at Aloora, Shopian. Two suspected individuals have been apprehended along with the recovery of 01xPistol, 02xHand Grenade & other war-like stores. Further Investigation is in progress.» «Based on specific intelligence input, a Joint Mobile Vehicle Check Post (MVCP) was established today by #IndianArmy, @crpf_srinagar & @JmuKmrPolice at Aloora, Shopian. Two suspected individuals have been apprehended along with recovery of 01xPistol, 02xHand Grenade & other war like stores. Further Investigation is in progress,» the army posted on X.
06.05 / 02:59
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America's tech industry cannot survive without Indians: SVC Chamber of Commerce CEO
Indians are one of the largest leaders of innovation in Silicon Valley and America's tech industry cannot survive without them, the CEO of the Silicon Valley Central Chamber of Commerce has said. «I don't have the new figures, but what matters is that we (Indians) are such impactful contributors,» Harbir K Bhatia told PTI in an interview.
06.05 / 02:59
economy
Election
community
Freedom
rights
Interviews
Opposition has no chance in Goa this time: CM Pramod Sawant
Goa Chief Minister Pramod Sawant says the BJP will cross the 50% vote share mark in South Goa, a seat the ruling party lost last elections. In an interview with Himani Kothari, the CM calls the BJP a secular party and talks about what his government is doing to ensure Goans always have a place in Goa. Edited excerpts: Q. How has Goa benefitted over the last 10 years because of a double-engine government? Goa has got direct benefit of over Rs 35,000 crore – from infrastructure to the various schemes. Q) How confident is the BJP about winning both the seats? We are 100% confident. We’re winning with 100,000+ margin in North Goa and in South, it would be a margin of 60,000+ votes.
06.05 / 02:23
06.05 / 02:17
markets
Election
Freedom
country
Peeled to the core: Onion export bans distort markets
The government has lifted its ban on onion exports but has imposed a minimum export price of $550 per tonne in addition to a 40% tariff. So, while the move spells relief, it is partial at best.
06.05 / 02:17
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Target
FIVE
security
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Stock market today: Trade setup for Nifty 50 to Sensex, five stocks to buy or sell on Monday — May 6
Stock market today: Despite strong global market sentiments, the Indian stock market ended lower on Friday. The Nifty 50 index ended 172 points lower after reaching a new peak of 22,794, and the BSE Sensex dropped 732 points from its lifetime high of 75,124.
06.05 / 02:17
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Nifty 50, Sensex today: What to expect from Indian stock market in trade on May 6
Sensex dropped 732.96 points, or 0.98%, to close at 73,878.15, while the Nifty 50 settled 172.35 points, or 0.76%, lower at 22,475.85. Nifty 50 formed a long bear candle on the daily chart, which has engulfed the small range candle of the last few sessions. Also Read: Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, US jobs data to Nasdaq rally “Technically, this pattern could be considered as a bearish engulfing pattern, and this suggests some more weakness ahead.
06.05 / 01:37
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Diversity
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stake
RBI may give final nod for stake increase in IndusInd Bank soon: Ashok Hinduja
MUMBAI : IndusInd International Holdings Ltd (IIHL), promoter of IndusInd Bank, said it is likely to receive the Reserve Bank of India's final approval to increase its stake in the private-sector lender over the next two weeks. Ashok Hinduja, chairman, IIHL, said that the promoter will not look at raising its stake from the existing 16.4% to 26% immediately in one go, as it would involve infusing capital worth $1 billion. "15% to 26% stake increase, there is a policy of the regulator (RBI).
06.05 / 01:37
markets
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Google
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Motorola
Garena Free Fire Max redeem codes for May 6, 2024: Win free diamonds, skins and more
Motorola Edge 50 Ultra receives BIS certification, likely to debut in India soon FV5W9X3Y7Z31A6B4 FC8D2E6F1G37H4I9 FJ3K8L35M1N7O2P6 FQ4R9S2T7U33V8W5 FX1Y6Z4A39B3C7D5 FE2F73G1H6I4J9K3 FL5M31N8O3P7Q2R6 FS9T4U1V6W33X8Y2 FZ7A2B93C4D8E3F5 FG1H36I4J9K5L8M3 FN7O2P8Q3R39S4T6 FU1V6W43X9Y3Z7A5 Garena Free Fire Max redeem codes are 12-digit alphanumeric sequences that include capital letters and numbers that give players the chance to unlock a ton of in-goodies such as skins, weapons and character upgrades at no additional cost.Moreover, these free redeem codes also act as a strategic marketing tactic by creating a sense of anticipation and reward among players. However, it's important to remember that these codes are only valid for a limited time (usually only for the first 500 users).
06.05 / 01:37
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Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, US jobs data to Nasdaq rally
Read here: Week Ahead: Q4FY24 Results, FII activity, macro data, global cues among key market triggers this week On Friday, the Indian stock market benchmark indices ended around a percent lower, dragged by profit booking across sectors as well as losses in heavyweight stocks. The Sensex dropped 732.96 points, or 0.98%, to close at 73,878.15, while the broader Nifty 50 settled 172.35 points, or 0.76%, lower at 22,475.85. “Nifty 50 after marking a new high at 22,794 levels, witnessed profit booking and came under pressure.
06.05 / 01:19
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IPO
Digital
Election
band
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Top Events on May 6: PM Modi in Odisha and Andhra, Indegene IPO, Hemant Soren hearing in SC, and others
Top Events on May 6: With phase 3 of the Lok Sabha elections 2024 nearing, Prime Minister Narendra Modi has scheduled election rallies in Odisha and Andhra Pradesh on May 6. Alongside the election activities, Indegene Limited and Winsol Engineers Limited are also set to launch their IPOs today. The Supreme Court will hear the petitions filed by ex-Tamil Nadu minister Senthil Balaji and former Jharkhand CM Hemant Soren today.
06.05 / 01:19
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Dividend paying stock: John Cockerill India shares to trade ex-dividend today
Dividend paying stock: Shares of John Cockerill India Ltd will be in focus when the stock market opens on May 6 (Monday). The Board of Directors of the company has declared a final dividend of ₹7.00 per equity share for its eligible shareholders. The record date by the company to ascertain the eligibility of shareholders for final dividend has been fixed on May 6.
06.05 / 01:19
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'Any tax hike on equities may impact investor sentiment'
. However, in the event of any political surprise, the markets will witness a significant downturn, requiring a substantial amount of time to bounce back. Additionally, any tax hike on equities, at the very least, will result in an equivalent and opposite price reaction, which would overshadow any other positives, Arora added.
06.05 / 01:19
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Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 6
Buy or sell stocks for today: Despite strong global market sentiments, the Indian stock market ended lower on Friday. The Nifty 50 index ended 172 points lower after reaching a new peak of 22,794, and the BSE Sensex dropped 732 points from its lifetime high of 75,124.
06.05 / 01:19
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Gap
Analysis
consequences
diving
Domestic MFs gain ground, FIIs losing the plot
₹81,539 crore during January-March. The analysis was based on the latest data on shareholding patterns of companies listed on the National Stock Exchange. Among domestic institutional investors (DII), Life Insurance Corp.
06.05 / 01:19
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Yellow
Research
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Titan loses shine as rising gold price plays spoilsport
₹8,998 crore. However, while the average selling price saw single-digit increase, new customer acquisitions made up just about 54% of jewellery customers. Titan had to ramp up promotional spending and discounts to attract buyers amid sluggish demand, rising competition, and fluctuating gold prices, which weighed on its margins.
05.05 / 21:35
BLOCK
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rights
Lok Sabha polls: Bhabhi and didi battle it out in Chhattisgarh's 'parched' Korba
Korba (Chhattisgarh): «Water is our biggest problem,» says Shivratan Singh, a resident of Lad village, about 65 km from Korba, which is India's biggest coal and power producing town in mineral-rich Chhattisgarh. Singh points to the water tank on the side of the road and says it had been constructed under Jal Jeevan Mission about a year back and taps also installed. «But they forgot to give us connections.» Just about a kilometre away is a dry pond. Villagers laugh when they point towards it. «We have never had water in this,» they say speaking about this pond which was dug under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). They complain about hefty electricity bills, unpaid MGNREGA wages and of remaining uncovered under the PM Awas Yojana. Brij Lal, a resident of Chhindwarpara village in the same block, says development schemes have never reached them. But what has excited them the most in this election is Congress' Mahalakshmi scheme which promises ₹1 lakh per year to women of every poor family. Listed as one of the aspirational districts by NITI Aayog, Korba is a study of contrasts.
05.05 / 19:19
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International
Ashok Leyland plans flurry of launches to boost light trucks market share
Ashok Leyland, the Hinduja Group flagship, will roll out six new light commercial vehicles (2-3.5 tonne) in the next 12 months as part of a plan to increase its LCV market share to 25% from 20% now, a top official said. «This year, we have six versions of the Dost lined up. We will launch one model every alternate month starting this month-end,» Amandeep Singh, president, LCV, international operations, defence and power solutions at Ashok Leyland, told ET. «This will come with varied payload, technology, and volume capacity.» Dost is a range of pick-up trucks.
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