India Financial News

Barpeta Lok Sabha constituency, where another opposition party TMC too is contesting, CPI(M) nominee Manoranjan Talukdar feared that anti-BJP vote will be divided and it may create «some difficulties» for him. Talukdar, however, expressed optimism that he will give a «tough fight» against all opponents and will win the election from Barpeta, which has become a Hindu-majority seat after the delimitation exercise last year. «This is unfortunate and Congress is only responsible for what happened in the constituency. We had talked about contesting from Barpeta a long time ago… A wrong message has gone because of the opposition parties fighting separately,» he told PTI in an interview here. From the ruling front, AGP has nominated senior leader, former minister and sitting Bongaigaon MLA Phani Bhusan Choudhury to contest from Barpeta. Congress nominated its state Seva Dal chief Deep Bayan, while TMC has named Abul Kalam Azad for the seat.

Hindustan Times reported. Also Read | Apple share price jumps 6% as Q2 earnings, forecast beat estimates; unveils record $110 billion share buyback Speaking about the Apple's iPhone manufacturing in India, Hindustan Times reported that Tim Cook emphasised the strategic importance of local production for maintaining competitiveness.

Bharat Heavy Electricals (BHEL) jumped nearly 9 per cent to hit their fresh 52-week high in the morning session on Friday, May 3. BHEL share price opened at ₹296.90 against its previous close of ₹292.65 and jumped 8.7 per cent to hit its fresh 52-week high of ₹318.15 in morning trade on BSE on Friday, May 3. Around 10:15 am, BHEL share price traded 6.80 per cent higher at ₹312.55 apiece.

Coforge Ltd corrected by more than 9% during the morning trades on Friday. Coforge Ltd had posted Q4 earnings performance on Thursday post market hours. The net profit of Coforge Ltd Coforge reported net profit increased by 95% to ₹224 crore for the quarter ended March'2024.

Breakout stocks today: After trading sideways to positive throughout Thursday, the Indian stock market extended its gains from yesterday in the early morning session. The Nifty 50 index finally breached 22,700, above its previous record high of 22,783, and climbed to a new peak of 22,794. After ending lower on Thursday, the Bank Nifty index regained the upside momentum, shot up over 0.60 percent in morning deals, and came close to its existing high of 49,974 when it touched an intraday high of 49,607.

Dubai rains: Flights affected, schools closed — 7 key points Emirates cancelled several flights due to bad weather across the UAE on Thursday. A Flydubai spokesperson told Khaleej Times that the “adverse weather conditions in Dubai on Thursday have caused some delays to their operations". India's IndiGo said that their flight operations have been affected due to bad weather in Dubai, Sharjah, Ras Al Khaimah and Abu Dhabi.

blamed “xenophobia" for stalling economic growth in Japan, China and India. His comment will be read with a lot of surprise, especially in India, as will his characterisation of India’s economic growth as “stalling", and clubbing it with the decidedly slow-growth club of China and Japan. Biden made the comment at a fundraising event for his 2024 re-election campaign, so it could be argued that it was for a domestic audience.

Ajanta Pharma, a specialty pharmaceutical formulation company, witnessed a 13.70% surge in its shares during morning trade today, reaching a new all-time high of ₹2,540 apiece. This surge follows the company's stellar performance in the quarter ending March and for the full fiscal year. On Thursday, after market hours, the company released its financial results, reporting a 66% YoY jump in its consolidated net profit of ₹203 crore for Q4FY24.

Taarak Mehta Ka Ooltah Chashmah (TMKOC), may have 'planned' his own disappearance and moved out of Delhi, News18 reported quoting Delhi police sources. The actor has been reported missing since April 22 this year, from the locality of the Delhi Airport. The actor left his phone in the Palam area, police sources said, adding, that due to this, the probe to trace Gurucharan Singh has been difficult.

Nifty ruled at 22648.05, down 0.16 points. The scrip had closed at Rs 1056.05 in the previous session. The stock quoted a 52-week low of Rs 604.0 and a high of Rs 1076.35. The company quoted a market-cap of Rs 84484.0 crore on the BSE.

Benchmark NSE Nifty index fell 17.15 points to 22665.35 amid buying in frontline bluechip stocks.

Wipro Ltd.(up 0.2 per cent) and MphasiS Ltd.(up 0.05 per cent) were among the top gainers.

Bank of Baroda(up 0.49 per cent), IndusInd Bank Ltd.(up 0.4 per cent), Au Small Finance Bank Ltd.(up 0.36 per cent) and ICICI Bank Ltd.(up 0.17 per cent) were among the top gainers.

Bajaj Auto Ltd.(up 1.32 per cent), Eicher Motors Ltd.(up 0.67 per cent), Samvardhana Motherson International Ltd.(up 0.58 per cent), Ashok Leyland Ltd.(up 0.5 per cent) and Mahindra & Mahindra Ltd.(up 0.41 per cent) were among the top gainers.

Lt Gen R C Tiwari visited the border areas in Sikkim and reviewed the operational preparedness, an official release said. Tiwari, the General Officer Commanding in Chief (GOC-in-C) Eastern Army Command visited the border areas on May 1 and 2 accompanied by GOC Trishakti Corp Lt Gen VPS Kaushik and reviewed the operational preparedness and progress of infrastructure and capability development, it said. The Eastern Army Commander appreciated the officers and troops of the Trishakti Corps for maintaining the highest standard of operational preparedness and efforts towards the development of border areas and nation-building. Interacting with troops at forward locations, he complimented them for their dedication and high standard of professionalism under the most challenging conditions. He exhorted them to continue working with dedication, motivation and enthusiasm.

IPO of Slone Infosystems opened for subscription today and will close on May 7. The company aims to raise about Rs 11 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. 1) About Slone Infosystems

The BSE Sensex was trading 409 points or 0.55% higher at 75,025. Nifty50 was trading at 22,777, up 129 points or 0.57% at around 9.30 am.

Abhijit Chokshi, Founder, Stockifi.in, says that in the midcap space, he likes Aarti Pharmaceuticals. One of their products is APIs for caffeine and they are one of the top three players in that and the market cap right now is barely Rs 4,000-5,000 crore. He says both Aarti Pharma and Aarti Surfactants will do really well going forward. In terms of the result reactions that we have seen of late – be it Federal Bank today, the South Indian Bank numbers and the other names as well the entire stock equity ecosystem including the KFin Technologies of the world – did anything stand out from financials and stock market ancillaries? Abhijit Chokshi: I am betting mainly on PSU banks. Even though there is a lot of buzz that PSU banks are done with their rally, I believe banks like SBI, PNB will continue the rally going forward. I am expecting numbers to improve for these PSU banks. I am generally bullish on the PSU sector and specifically want to focus on banks. PNB and SBI are my picks.

Lok Sabha elections, heirs of 45 former princely states in Gujarat have adopted a resolution to support Prime Minister Narendra Modi for a third consecutive term. The decision was made in the «broader national interest» and to «protect Sanatan Dharma.» The meeting, termed a 'contemplation meeting,' was organized by Mandhatasinh Jadeja, the scion of the Rajkot royal family. The gathering was prompted by ongoing protests within the Kshatriya community against Rajkot BJP candidate and Union Minister Parshottam Rupala, which has led to discontent within the community towards the BJP. Jadeja spoke highly of PM Modi, describing him as «an ascetic and a brave man working for the well-being and protection of 145 crore Indians.» The meeting saw the presence of heirs from 28 states, with 16 declaring their support through letters. Notable among them were letters from the empress of Kutch, Priti Devi, and the king of Bhavnagar state, Vijayrajsinhji.

mutual fund scheme, they weigh a number of factors ranging from the historical returns to the fund house’s reputation, and overall market scenario to the future outlook. One of the key considerations that investors invariably factor in is the performance of the mutual fund scheme in the recent past.

The Times Of India that his visit could take place early next week. This will be the first high-level visit by either since the pro-China president Mohamed Muizzu defeated his India-friendly predecessor Ibrahim Solih and took office last year. Since then, India's relations with its neighbor in the Indian Ocean have suffered repeatedly as a result of Muizzu's efforts to restrict defense and security cooperation with India.