India Financial News

Max Estates jumped over 7 percent in intra-day deals today, May 3 to hit a new high of ₹373.90 on NSE. This comes following an 18.4 percent surge in the previous session. In these 2 sessions, the stock has rallied over 27 percent.

road tax for customers who scrap their old vehicles and buy a new one, stated a Times of India news report. For commercial vehicles, the discount is 15%.

processed foods have become a convenient option for many. From ready-to-eat meals to nutrition products, different products line our shelves promising quick satisfaction. However, lurking beneath the appealing packaging are hidden dangers that can wreak havoc on our health. India's food and beverage (F&B) industry has undergone a significant change. It is crucial for businesses, policymakers, regulators, public health experts, and industry leaders to educate consumers about scientifically backed information. This is where the labelling of F&B products becomes vital in enabling consumers to make well-informed choices about their nutrition. In the maze of product labels adorning packaged foods, deciphering the fine print can be daunting. However, mastering the art of reading labels is crucial for making informed and health-conscious choices. Here's a guide on how to navigate product labels effectively:

As India’s benchmark equity indices flirt with record highs, investors are turning cautious about valuations becoming too lofty. They have a deluge of other reasons as well to be wary: the outcome of the ongoing general election, geopolitical tensions, soaring crude oil prices, mounting inflation, and delayed rate cuts in the US. Little wonder then that several investors are shifting their focus to the debt market.

India Today report, Prajwal Revanna, the grandson of JD(S) patriarch and former Prime Minister HD Deve Gowda, has been named as the sole accused in the FIR. This is the second case filed against the Hassan MP after he fled the country on April 27, reportedly to Germany, soon after the Karnataka government formed an SIT.

₹659 in September 2021 following strong results in the June 2021 quarter (Q1FY22) during which it clocked 34% volume growth year-on-year. Ignoring that it had come off a low base owing to the impact of the covid-19 pandemic in the base quarter, investors extrapolated such strong growth would continue well into the future. This optimism has come at a cost, as the stock price still lags nearly 15% below its peak even after almost three years.

Stock market today: Continuing its upward trajectory from Thursday, the Indian stock market experienced a significant rally in early morning trading as the Nifty 50 reached a new milestone of 22,794, surpassing its previous high of 22,783 set earlier this week on Tuesday. This achievement underscores the market's resilience and upward trend.

Bank Nifty was down by -130.95(-0.27%) at 03 May 2024 10:44:53 IST.In the BSE Sensex index Bajaj Finance, Bajaj Finserv, Tata Steel, NTPC, Sun Pharmaceutical Industries were the top gainers while Bharti Airtel, Larsen & Toubro, Nestle India, Maruti Suzuki India, Hindustan Unilever were the top losers.In the Bank Nifty index Bank Of Baroda, ICICI Bank, Indusind Bank, Au Small Finance Bank, were the top gainers while Federal Bank, Punjab National Bank, Bandhan Bank, HDFC Bank, Axis Bank were the top losers.For the complete list of 52 week high stocks click here. Milestone Alert! Livemint tops charts as the fastest growing news website in the world

India supports ‘Two-State solution’ for Israel and Palestine at UN Kamboj asserted that terrorism stands in direct opposition to the culture of peace, and added, “It sows discord, breeds hostility, and undermines the universal values of respect and harmony that underpin cultural and religious traditions worldwide". Kamboj emphasised on the need for constructive dialogue and urged alignment with principles of respect and diplomacy.

₹537.50 apiece on the BSE. Dabur India posted a consolidated net profit of ₹341.22 crore for the quarter ended March 2024, recording a growth of 16.5% from ₹292.76 crore in the year-ago quarter. The FMCG major’s revenue Q4FY24 rose 5.11% to ₹2,814.64 crore from ₹2,677.80 crore, YoY.

fast food in our daily lives. A recent survey by YouGov India showed that more than anything else, quality of food and its price mattered the most to urban Indians while eating from quick-service restaurants. Around 93% of those surveyed voted for quality as a highly important factor while ordering food from fast-food chains.

Also Read | CEO Tim Cook satisfied with Apple's 'strong double-digit growth' in India as company reports record revenues The International Financial Services Centre Authority (IFSCA), which regulates financial services at GIFT City in Gujarat state, already allows banks to issue P-Notes. Also Read | Dabur share price gains as brokerages maintain bullish view after Q4 results; Should you buy the stock? Foreign funds issuing the notes would need to meet compliance requirements of IFSCA and the Securities and Exchange Board of India.

Also Read: Mumbai news: Woman, newborn die after BMC-run hospital performs C-section using flashlight; probe ordered "India's image that PM Modi has created across the world, no one can call our country a 'Banana' nation today... Home Minister has made it clear in the Parliament that old laws need to be changed, and he also changed a lot of them," Nikam told newswire ANI.

₹419 in intra-day deals today, May 3, 2024. The stock has now advanced 101.5 percent from its 52-week low of ₹207.85, hit on September 28, 2023. Meanwhile, Hindalco touched its all-time high of ₹661.30 last month on April 26, 2024, and is currently just 2 percent away from the peak.

Domestic benchmark index NSE Nifty fell 43.46 points to 22604.75, while the BSE Sensex traded 280.67 points down at 74330.44.

Future Consumer Ltd.(up 5.27%), Bajaj Consumer Care Ltd.(up 3.97%), Emami Ltd.(up 3.14%), ADF Foods Ltd.(up 2.78%), LT Foods Ltd.(up 2.29%), Tata Consumer Products Ltd.(up 1.70%), Zydus Wellness Ltd.(up 1.29%), Dabur India Ltd.(up 1.19%), Godrej Consumer Products Ltd.(up 1.09%) and JHS Svendgaard Laboratories Ltd.(up 0.82%) were among the top gainers.

Torrent Pharmaceuticals Ltd.(up 3.61 per cent), Natco Pharma Ltd.(up 2.46 per cent), Lupin Ltd.(up 1.87 per cent), Dr. Reddy's Laboratories Ltd.(up 1.03 per cent) and J B Chemicals & Pharmaceuticals Ltd.(up 0.82 per cent) were among the top gainers.

Mawana Sugars Ltd.(up 0.16%) were among the top gainers.

Delhi, known for its scorching summers, has surprisingly remained below 40 degrees Celsius, except for one day, despite severe heatwave conditions gripping parts of the country. The India Meteorological Department (IMD) noted that strong winds and cloudy skies due to five western disturbances in April have kept the temperature in check. Meteorologists attribute the absence of extreme heatwaves in Delhi to these weather patterns, which have prevailed since the third week of April. Kuldeep Srivastava, a scientist at the Regional Weather Forecasting Centre, IMD, explained, «April this year saw five western disturbances. No significant amount of rainfall was recorded due to these western disturbances, but there was cloudiness and strong winds on many days, which prevented a rise in temperature.»

RattanIndia Power Ltd.(up 4.38%), CESC Ltd.(up 2.00%), Power and Instrumentation(Gujarat)Ltd.(up 1.92%), Karma Energy Ltd.(up 1.91%), GE T&D India Ltd.(up 1.13%), PTC India Ltd.(up 1.11%), NHPC Ltd.(up 1.03%), NTPC Ltd.(up 0.99%), Torrent Power Ltd.(up 0.69%) and Adani Green Energy Ltd.(up 0.45%) were among the top gainers.

OCI investors to enter the market. Existing non-resident investors have also been affected. Due to this, many NRIs are losing out on the ability to capitalize on investment opportunities. The new KYC norms, which came into effect on April 1, 2024, introduced stringent requirements, rendering certain documents such as bank statements or utility bills not considered valid documents for completing the KYC process. While the new rules aim to enhance security and compliance, they have inadvertently created investment barriers for NRIs. As per the Aadhaar rules, NRIs and OCIs with foreign mobile numbers are exempted from the Aadhaar-linked OTP verification requirements, provided their PAN reflects their NRI status. Despite such an exemption, the new KYC norms of compulsory Aadhaar validation to get 'KYC Validation' status portray a different scenario and have created a conflict of regulations for the Indian diaspora.