India Financial News

₹20 crore via initial public offerings (IPO). The offering is structured through a fixed-price method, with portions of the offer reserved for various investor categories covering Qualified institutional buyers (QIBs), Non-institutional investors (NIIs), and Retail individual investors (RIIs). Also read: SK Finance files DRHP with SEBI to raise ₹2,200-crore via IPO; details here “Filing the DRHP on BSE SME is a crucial step towards our goal of bringing our company to the public markets.

New Delhi (India), April 29: Purchasing life insurance for yourself and your loved ones is a wise financial decision that provides financial protection against unforeseen circumstances. However, due to life's unpredictability, one's ability to meet insurance premium commitments may become difficult. This is where the waiver of premium rider can step in to save the day.

ALSO READ:India slips 11 positions on World Press Freedom Index Meanwhile, Pakistan ranked seven spots above India at 152. It had ranked 150 in 2023. Norway topped the ranking , while Denmark was on the second rank in World Press Freedom Index.

Rahul Gandhi filed his nomination from Uttar Pradesh's Raebareli, his Wayanad rival Annie Raja cited that the Congress party should have informed the people of Wayanad of the possibility, even if it was a ‘last-minute decision’. Noting that it is a question of morality, the Communist Party of India candidate stated that Wayanad voters have the right to know that if he wins from both the constituencies, where would he resign from. "I am very sure that it is not a certain decision.

Mint reported that United Breweries Ltd (UBL), the maker of Kingfisher and Heineken beers, expected potential supply chain disruptions due to election-related restrictions but still anticipated a strong summer season for business, forecasting high single-digit growth over last summer. “Navigating regulatory landscapes remains a challenge, particularly with high taxation and export constraints in key states," noted Kartikeya Sharma, president of AB InBev India. He also highlighted the socio-economic potential of the beer industry to generate employment, emphasizing its nature as a local and natural product.

Ambuja Cements, ACC, Dalmia Bharat Q4 earnings performances have remained a mixed bag. While some met expectations and few as UltraTech and even ACC performance came ahead of expectations, Dalmia Bharat and Ambuja Cements Q4 performance remined below expectations on weaker than expected realizations.

Rajnath Singh on Friday took a jibe at Congress leader Rahul Gandhi for having chosen Rae Bareli instead of Amethi to contest in the Lok Sabha polls and said that everyone knows what do «we call a person who runs away from the battle in between». He was addressing a public meeting in Rohtak, Haryana for BJP candidate Arvind Sharma. «Rahul Gandhi has left the battleground and ran away to Wayanad. When his party wanted him to contest elections again from Amethi, he chose Rae Bareli. We all know, what to call a person who left battle in between,» he said.

«This kind of a dramatic change in price owes itself to many things, but most of all, over-regulation of the market,» Bajaj said while responding to reporters at the launch of the Pulsar NS400Z. He clarified that he did think that norms like BS-VI were good for the society. But at the same time, opined that the government should consider reducing the GST rates charged on these vehicles.

Shares of Prestige Estates Projects Ltd.(up 4.27 per cent), Godrej Properties Ltd.(up 1.47 per cent), Sobha Ltd.(up 0.7 per cent) and Mahindra Lifespace Developers Ltd.(up 0.25 per cent) ended the day as top gainers in the pack.

Sensex crashed 1,100 points following a report that the Income Tax department is planning some sweeping changes after Lok Sabha elections, Finance Minister Nirmala Sitharaman debunked rumours calling it pure speculation. «Wonder where this is come from. Was not even double checked with @FinMinIndia. Pure speculation,» Sitharaman said on social media while reacting to a tweet made by a news channel claiming that the tax department is planning to impose uniform treatment for all asset classes.

Shares of Infosys Ltd.(up 0.14 per cent) ended the day as top gainers in the pack.

The NSE Nifty index closed 172.36 points down at 22475.85, while BSE Sensex ended down 732.96 points at 73878.15.

Swiss Military on Friday said it will set up its first fully owned manufacturing unit in India in Haryana with an initial investment of Rs 56.5 crore. The company plans to set up its first fully owned manufacturing unit for luggage and travel gear in Faridabad, Haryana, Swiss Military Consumer Goods Ltd said in a statement. Spread over 1.21 acres and a built-up area of about 85,000 sq ft, the proposed plant will have a production capacity of 10 lakh pieces per year, it added. The targeted completion for the manufacturing unit will be within 8 months by Dec 31, 2024 at an initial investment of Rs 56.50 crore, the company said.

A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a «scapegoat» and failing to take its share of responsibility for missing the trades.

Benchmark NSE Nifty closed 172.36 points down at 22475.85 amid selling in frontline bluechip counters.

Indian diamond jewellery market will grow to US$ 17 bn by 2031 out of India's total gem & jewellery of US$ 120 bn from $ 79 bn in 2021. 2024 is likely to be a record year for gold mine production and jewellery demand will be firm but vulnerable to gold prices. This was revealed by Vipul Shah, chairman of Gem & Jewellery Export Promotion Council (GJEPC) at GJEPC's InnovNXT Forty Under 40, a next Generation leadership summit. «Our aim is to achieve gem and jewellery exports of USD 75 billion by 2030 and with the talent, drive, and determination of the youngsters that I see here today.» Nirav Bhansali, Convener of National Exhibitions at GJEPC, said, “In the gems and jewellery industry, we are not merely purveyors of luxury; we are guardians of tradition, custodians of culture, and champions of craftsmanship. But in order to honor our rich heritage, we must also embrace the winds of change. Today, we are surrounded by the brightest minds and the most promising talents of our industry."

an intense heatwave swept through eastern India and parts of the southern peninsular region, according to the weather bureau. Parts of West Bengal, Bihar, Odisha, Tamil Nadu, Telangana, and coastal Andhra Pradesh recorded temperatures above the 44-degree Celsius mark.

demand environment remains tough. Usually, it takes longer for large acquisitions to eventually reap the potential benefits on revenue and deal pipeline. In effect, Coforge’s shares fell as much as 10% on Friday.

WhatsApp's Terms of Service via their prevention and detection systems, and directives issued by the Grievance Appellate Committee (GAC). As per WhatsApp, the bans were implemented in line with Rule 4(1)(d) and Rule 3A(7) of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. The monthly report from WhatsApp for January, February, and March 2024 indicated a steady increase in the number of banned accounts during the first quarter.

double digit hike % If you're underpaid, don't overthink, just Switch!," Akshay Saini said in a post on X (formerly Twitter) “The HARD TRUTH is, if you start your career with a Low Salary, you will have to switch jobs to reach High salary (as a Software Engineer) The HARD TRUTH is, Internal appraisals are very low. Internal promotion process is broken. (in most companies) low_appraisal% of low_salary = new_low_salary If you start with a low salary, switching jobs gets you much more salary hikes! That's the reason you will see a lot of highly paid software engineers (who started from a low salary) must have switched jobs frequently," said in another post.

ALSO READ: TCS World 10K in Bengaluru: Namma Metro to start services early, traffic restrictions and more | 5 points Adding more details, the city traffic police said that the Bengaluru Metro Rail Corporation Limited (BMRCL) has already started the work to lay a 220 kV cable along the metro line. It also said that BMRCL will carry out the work from Salarpuria Soft Zone on the Ibbalur service road towards Bellandur's Centro Mall.