India Financial News

Bank of Baroda, Varun Beverages, Lupin, and PNC Infratech are among the 16 stocks, across segments, that brokerage firm Axis Securities is positive about for the short term. These 16 stocks are the top picks of Axis Securities for the month of May and the brokerage firm expects them to rise in the range of 10-31 per cent.

Time of India, the 73-year-old artist, Kinnera Mogulaiah, spent the 1 crore in cash he received from the Telangana government on family emergencies. “I used that money ( ₹1-crore state grant) for my children’s weddings. I even bought a piece of land at Turkayamjal on the city’s (Hyderabad’s) outskirts.

Livpure Koolbliss Desert Air Cooler- 88L Need to know the basics of air coolers? Read the air cooler buying guide: How to find high-performing coolers packed with the best cooling features Symphony Sumo 70 Desert Air Cooler Symphony Siesta 70 XL Desert Air Cooler Tower air coolers are vertical, floor-standing evaporative cooling units popular in India for their efficient cooling, low power consumption, and ability to circulate cool air across large spaces. Symphony Diet 3D 20i Portable Tower Air Cooler Did not like the above options? Read about the best Hindware air coolers: Top 7 options to stay cool this summer season Kenstar Glam 50 litres Honeycomb Tower Cooler V-Guard Veemagik Neo Window air coolers are ideal for small rooms as they are not required to be inside.

Dividend-paying stock: With the eagerly anticipated board meeting of Rushil Decor scheduled for 9th May 2024, the Company has informed the Indian stock market bourses that its board of directors will consider and approve the proposal for the final dividend. This significant event will coincide with the discussion of the Q4 results 2024, adding to the anticipation.

Also Read | TCS vs HCL Tech vs Wipro vs Infosys: Which stock to buy after Q4 results 2024? Of the total shares allotted to employees, 341,402 equity shares were allotted under the 2015 Incentive Compensation Plan and another 315,926 shares under the Infosys Expanded Stock Ownership Program 2019. Also Read | Wipro, Infosys March quarter results paint gloomy outlook for FY25 India’s second-largest software services provider enjoys a market capitalisation of around ₹5.85 lakh crore.

Sensex crashed 1,126 points or 1.5% to the day's low of 73,627.99, the broader Nifty 50 plunged 289 points, hitting the day's low of 22,358.65. All sectoral indices are trading with cuts. The market capitalisation of BSE-listed companies also dropped by a whopping Rs 4.25 lakh crore.

Sattrix Information Security has filed its draft red herring prospectus (DRHP) with the BSE SME for an IPO. The issue is completely a fresh equity sale of 18 lakh shares and through it, the company plans to raise around Rs 20 crore. In the public offer, about 50% is reserved for allocation to retail investors and the the other 50% will be allocated to non-retail investors.

crypto asset market progresses, India finds itself at a pivotal juncture. There’s an opportunity to chart a course that delicately balances innovation in this nascent but super exciting sector, together with risk management, while drawing invaluable insights from the regulatory experiences of other nations. At the recent G20 Summit, India emerged as a leading advocate for standardizing regulatory frameworks for crypto assets on a global scale, championing international collaboration to address the inherently cross-border nature of crypto assets and the imperative to mitigate the macro-financial implications associated with them. Countries worldwide are making significant strides. Markets in Crypto-assets (MiCA), the EU-wide regulation, will come into effect this year. MiCA, once put into action, will have a broad scope of application within the crypto asset ecosystem. Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa, and South Asia (MEASA) region, enacted the world’s first Digital Assets Law. The UK government, which has a stated goal of being a global leader in Web3, has confirmed plans to regulate crypto assets through formal legislation in 2024 (It has said it intends to bring many crypto asset activities under the same regulations that govern banks and other financial services firms).

₹379.6 crore for the fourth quarter of FY24, a decline of 7.6% from ₹410.7 crore in the year-ago period. The tyre manufacturer’s revenue from operations in Q4FY24 rose 8.6% to ₹6,215.1 crore from ₹5,725.4 crore, on a year-on-year (YoY) basis. Earnings before interest, taxes, depreciation and amortization (EBITDA) in the March quarter increased 5% to ₹885.7 crore from ₹843.1 crore, while EBITDA margin weakened to 14.3% from 14.7%, YoY.

Coal India Share price gained 4% during intraday trades on Friday post Q4 results posted by the company after the market hours on Thursday. Coal India had reported consolidated net profit at ₹8,640.5 crore for the quarter ending March, which grew 25.8 percent YoY. The same came better than the consensus analyst estimate of ₹6,826 crores.

Lok Sabha elections. “Who will win or lose from here, it's in people's hands, we will work hard... Election is just a formality, people make their mood for those who work for them.

Shaitaan - Netflix 'Shaitaan' will be released on Netflix on 4 May. The film is a Hindi remake of the acclaimed Gujarati movie titled Vash. Reports had stated that the film starring R Madhavan, Jyothika, Janki Bodiwala, and Anngad Raaj was made with a budget of ₹65 crore.

Netweb Technologies, a prominent provider of high-end computing solutions (HCS) in the country, continues its winning streak as its shares hit the 5% upper circuit limit for the second consecutive session on Friday, reaching ₹1852 apiece. This brings them close to their all-time high of ₹1892, with just a 2% difference. This surge in the stock price began after the company reported a strong set of numbers for the March ending quarter and for the full quarter of FY 24.

Also read: Biden’s take on India’s economy is both bizarre and bothersome Investor are cautious for several reasons even as the Indian economy is expected to perform better than its Asian peers in FY25. A key near-term worry is elevated crude oil prices, which would reduce companies' profits and hamper India’s fiscal position.

Also Read: 'Our votebank is every Indian': Congress President Mallikarjun Kharge writes letter to PM Narendra Modi “A TMC MLA gave an open threat. He said that they would drown Hindus in Bhagirathi in just 2 hours. What kind of language and political culture is this? What is happening to Hindus in Bengal? Looks like the TMC has made the Hindus second class citizens in West Bengal," ANI reported quoting Modi.

Rohit Sharma and Ajit Agarkar, chairman of the selection committee, addressed a press conference on Thursday to answer questions about India's squad for the T20 World Cup. The duo clarified various aspects about the selection of the Indian squad, including why Rinku wasn't selected for the T-20 World Cup despite his remarkable performances in international T20 and IPL matches. Ajit Agarkar while explaining the reasoning behind non-selection of Rinku Singh, said, “It (not picking Rinku) is probably the toughest thing we have had to discuss.

Bonus shares 2024: After trading ex-split on February 23 2024, in a 1:5 ratio, the board of directors of Remedium Lifecare Ltd will discuss and approve the issuance of bonus shares this month. The small-cap company has informed the Indian stock market's exchanges about the development. The company said that the board will discuss the bonus shares proposal in its upcoming board meeting on May 10, 2024.

As one of the most diverse nations in the world, India boasts a rich tapestry of cultures, traditions, and languages across its vast expanse. The dynamic nature of Indian society necessitates a comprehensive understanding of regional nuances to effectively engage with consumers.Through ‘State of States’, a first-of-its-kind research study, MullenLowe Lintas Group intends to deconstruct the 30 different cultures in India to have a far deeper understanding of the respective culture codes, tensions, and shifts that are happening, to craft brands of the future.

India and Nigeria have identified areas such as crude oil, natural gas, pharmaceuticals, Unified Payments Interface (UPI), local currency settlement system, and power sector to increase cooperation for boosting economic ties. The commerce ministry on Friday said that these issues among others were discussed during a recent visit of a seven-member delegation from India to Nigeria. The delegation was led by Additional Secretary, Department of Commerce, Amardeep Singh Bhatia. The Indian delegation consisted of officials from Reserve Bank of India (RBI), EXIM Bank of India and National Payments Corporation of India (NPCI), the ministry said in a statement.

Info Edge (India) Ltd. traded 1.17 per cent down at Rs 5994.8 at 01:34PM (IST) on Friday, even as BSE benchmark Sensex dropped 946.76 points to 73664.35. The scrip had closed at Rs 6066.0 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 6355.0 and Rs 3701.25, respectively.

Indian Hotels Company Ltd. traded at Rs 569.65 on BSE at 12:38PM (IST) on Friday, down 1.09 per cent. The stock quoted a 52-week low price of Rs 347.5 and a high of Rs 622.25. Earlier in the day, the stock saw a gap down opening.