India Financial News

Also Read: Stock market today: Trade set up for Nifty 50 to Sensex, 6 stocks to buy or sell on Friday — May 3 On an intra-week basis the benchmark index has registered an all-time high at 22,783 levels, indicating bullish sentiments. On the daily and weekly time frame, the index continues to scale with higher tops and bottoms formation, indicating a sustained uptrend. The index is well placed above its 20, 50, 100 and 200-day SMA which reconfirms a bullish trend.

Q4 results today: Fiftycompanies will announce their financial results for the fourth quarter of FY24 (January-March 2024), on May 3, 2024. The Indian equity market stayed stable in response to the unchanged monetary policy stance of the US Federal Reserve, with both the Sensex and the Nifty closing with modest gains on May 2 (Thursday).

Stock market today: Amid Q4FY24 results season, the Indian stock market investors are vigilant about every corporate development of a listed entity. For such investors, there is a piece of stock market news today. Four dividend-paying stocks are going to trade ex-dividend today.

₹875 to ₹920 per equity share. The company plans to raise ₹1,550.81 crore through an initial public offering (IPO).

Mint in the week gone by. The Godrej group, which began its journey as lock-maker 127 years ago, is now dividing its assets as the descendants have decided to go their separate ways. Meanwhile, Wipro’s new chief executive officer Srinivas Pallia, who took over for five years on 7 April, stands to earn up to $7 million ( ₹58.5 crore) in remuneration in his first year.

Broadband internet are disrupted in many parts of Nepal as Indian vendors from whom most Nepali private operators source the bandwidth stopped providing the services because of payment defaults

If you are worried about the quality of the air conditioners, then there is nothing to worry about. Amazon Sale brings you air conditioner brands like LG and Samsung so that you can buy only the best of the options in the market. Dive into the article about LG and Samsung air conditioners during the Amazon Great Summer Sale 2024, find the one that suits your house the best and place your order using the buying links shared below.

Sakshi Malik has criticized the Bharatiya Janata Party (BJP) for giving a ticket to Karan Bhushan Singh, son of former Wrestling Federation of India (WFI) chief Brij Bhushan Sharan Singh, for the Kaiserganj seat in Uttar Pradesh. In a post on social media, Malik expressed her disappointment with the decision, stating that it defeats the daughters of the country. She highlighted the sacrifices made by athletes, including sleeping on the streets for many days in the sun and rain, and questioned why Brij Bhushan has not been arrested despite the allegations against him. In a post on X, Malik said that the decision of the ruling party to field Brij Bhushan's son has defeated the daughters of the country.

Indian rupee will hew a close path to the U.S. dollar over the coming three months as regular interventions from the Reserve Bank of India keeps the currency on a tight leash, a Reuters poll of analysts found. The RBI has kept the rupee in a narrow range against the dollar and is only down about 0.3% this year unlike most of its Asian peers which have weakened a lot more.

₹9.92 for Q4, representing a 5.15% increase year-over-year. Gravita India's stock performance in the market showed a 0.66% return in the last 1 week, -1.73% return in the last 6 months, and -10.78% year-to-date return.

train drivers for definite time intervals to have food and respond to the nature's call. The Ministry of Labour has constituted a high-powered committee to work out the modalities «to provide defined time intervals for food and attending calls of the nature while on duty for the Loco Running Staff of the Indian Railway». The initiative is in line with the International Labour Organisation's (ILO) Hours of Work (Industry) Convention, 1919, which has been ratified by India.

China and Russia to commit to the use of nuclear weapons by only humans and not technology supported by automatic systems such as Artificial Intelligence (AI), as per a report on Independent. Underlining the importance of it, Paul Deans who serves in the State Department’s Arms Control Division stated that the US has a clear commitment to this principle and was supported by Britain and France, in this regard. “We would welcome a similar statement from China and the Russian Federation” said Dean who is the Deputy Assistant Secretary in the Bureau of Arms Control, Deterrence and Stability.

BCCI) chief selector Ajit Agarkar and Indian skipper Rohit Sharma faced the media and answered tough questions two days after the announcement of the 'Men in Blue's official 15-member squad was announced. During the press conference, Rohit was asked why four spinners were chosen in the 15-member squad. To this, Rohit answered in his unique quirky style, "I definitely wanted four spinners.

₹5.8 per unit on the Indian Energy Exchange (IEX), up from ₹4.6 a month earlier. Last week, prices had touched ₹6.7 per unit. In April, the exchange saw 9,044 million units traded, 14.1% more than a year earlier.

NephroPlus, India's largest dialysis chain, said it has raised $103 million (₹860 crore) in a Series F funding round from Quadria Capital through a mix of fresh capital infusion and a secondary sale aimed at driving expansion plans within India and targeted markets overseas. The primary component is ₹100 crore. Quadria will become a minority shareholder post the latest round of funding which valued NephroPlus at more than ₹2,000 crore. Quadria will have a slightly higher stake than Bahrain-based Investcorp, which was the largest shareholder in the company prior to the latest round at 35-40%.

air-conditioning costs at telecom tower installations, crucial for ensuring uninterrupted operations of base stations for 24x7 mobile connectivity, industry executives and analysts said. They added that power and fuel costs of telecom operators could potentially rise if heatwave conditions persist for the next one month as any change in energy costs is typically passed on to telcos by tower companies. Industry experts cautioned the current scenario could also lead to a slowdown in tower network expansions in the near term, even though Indian tower companies are used to working in hot weather conditions.

gloves, which are getting dumped in the country from Southeast Asian countries like Malaysia and Vietnam, people aware of the development told ET. The meeting to be held by the department of pharmaceuticals (DoP) will discuss bringing surgical gloves and single-use medical examination gloves under the quality control order (QCO) to ensure better standards for these products whether imported or manufactured in the country, sources said. At present, these gloves are not regulated properly, resulting in import of substandard gloves rejected in other countries. Senior officials from the textiles department, the country's drug regulator, the Bureau of Indian Standards (BIS), and industry associations will attend the meeting. They will discuss issues of importers procuring substandard gloves at prices lower than the manufacturing cost of medical/surgical gloves and dumping of cheap rubber gloves from countries like Malaysia and Vietnam, sources cited above said.

Citroen, which has had limited success with the models launched in India so far, is hoping to turn around its fortunes in the country with the Basalt — a mid-size coupe SUV that would go on sale in the second half of this year. The latest offering from the Stellantis group firm captures the learnings it has had in a market it considers the toughest in the world, said Thierry Koskas, global brand CEO of Citroen. «If you succeed in India, it means you can succeed everywhere in the world,» Koskas told ET. «I have been visiting India for 20 years and I am impressed by the rise of customer expectation in terms of features. The expectations of the customer are even higher than what you can see, for example, in Europe,» he said.

green cells' with dedicated employees for climate-specific initiatives. These measures are part of the Enhanced Access and Service Excellence (EASE) reform version 7.0, which was rolled out last week. A senior bank executive said that one of the major focus areas of PSBs in FY25 will be developing capabilities for raising green funds and increasing their green lending portfolios. «Banks will set up specialised cells that will also focus on physical and transition risk in the existing loan portfolio and new loan opportunities,» he said, adding that other responsibilities include assessment of the environmental, social and governance (ESG)-related risks of borrowers through data. According to a report by the Reserve Bank of India, the country's green financing requirement is estimated to be at least 2.5% of GDP annually until 2030. Earlier this year, the banking regulator came out with draft guidelines on the disclosure framework for climate-related financial risks in 2024. The draft also proposes a glide path for detailed disclosures by regulated entities (REs) in the areas of governance, strategy, risk management, and metrics and targets.

Rahul Gandhi on Thursday alleged that Prime Minister Narendra Modi 'allowed' sex scandal accused, NDA Hassan candidate Prajwal Revanna, to flee the country and thereafter cancelled all meetings in Karnataka as he was 'afraid'. «In the history of the country, not a single prime minister had sought support from voters for a mass rapist… It is not sex scandal, but a mass rape case. Prajwal had raped 400 women and it is shameful that Modi campaigned for him in Hassan,» Gandhi claimed at a rally in Raichur.

Sunrisers Hyderabad snatched victory from the jaws of Rajasthan Royals on Thursday, winning by just one run. At the brink of defeat, SRH secured the victory on the very last ball, handing the table-toppers their second defeat in the tournament. The victory came on the last ball of the match, when Bhuvneshwar Kumar trapped Rovman Powell in front of the stumps, denying the Royals the one run needed to draw the match. Earlier, skipper Pat Cummins won the toss and opted to bat against Rajasthan Royals in their Indian Premier League (IPL) match at Hyderabad on Thursday.