India Financial News

Multibagger stock: Shares of Lagnam Spintex Ltd are one such example in the Indian stock market. The NSE-listed SME stock has been in an uptrend after bottoming out at around ₹107 apiece on 13th March 2024. However, the small-cap multibagger stock still has some upside steam.

Pawar was quoted by PTI as saying. Pawar reportedly alleged that PM Modi doesn't talk about the basic issues that people face and diverts their attention. Wondering why Maharashtra was voting in five phases in the 2024 Lok Sabha elections, Pawar said, "It is because Modi can campaign here as much as possible...Those in power are worried." ALSO READ: Sharad Pawar says voting PM Modi back to power is 'dangerous': Wants to bring… Sharad Pawar alleged that PM Modi's frequent remark that if voted to power, the INDIA bloc would bring reservation based on religion, was an attempt to create social tension.

₹45.3 crore from ₹47.9 crore, proposing that 5.38% of its share capital would be diluted in the process. The company argued that this capital reduction would allow its public shareholders to exit at a fair valuation, given that the shares were not tradeable since their delisting in 2019.

₹41,000 in India. This pricing suggests that the new device might be in line with the previous Pixel 7a, which was launched at ₹43,999 for the 128GB storage option. The leak also reveals that the Pixel 8a will likely have a 256GB storage variant priced at $599, translating to about ₹50,000, reported Smartprix.

Reuters reported on Thursday. The move by the Food Safety and Standards Authority of India comes at a time when the country’s popular spice brands are under scrutiny for quality-related concerns after Hong Kong and Singapore banned certain readymade spices from MDH and Everest—considered household names in India for spicing up our daily food palette. The development is not good news for the world’s largest spice producer and consumer.

ghats, where prayer and pilgrimage are the mainstay—and yet there is something surreal and exotic about it. Perhaps it has something to do with the all-pervasive sense of calm and spirituality—extending beyond religion— that one feels there. It extends to almost everything in Rishikesh, even to the food.

Star Sports quoted Pathan as saying. ALSO READ: T20 World Cup 2024: Rinku Singh's father opens up on son's exclusion, says, ‘had brought sweets and crackers…’ "Regular participation in domestic cricket is essential for serving Indian cricket throughout the year. Injuries are inevitable, but proper planning involving consistent match play, including domestic cricket, is vital for a player's return.

Also Read: India's oil import bill could rise to $101-104 billion in FY25, says ICRA report Additionally, the EIA reported a notable rise in US crude oil production to 13.15 million barrels per day in February, up from 12.58 million bpd in the previous month. This marks the most significant monthly increase in almost three-and-a-half years. In just two sessions in May, both Brent and Crude futures experienced a 5% decline.

Maiva Pharma, the Benguluru based pure play injectables Contract Development and Manufacturing Organization (CDMO) catering to US market, has raised Rs 1,000 crores in primary and secondary funding from a fund managed by Morgan Stanley Private Equity Asia and India Life Sciences Fund — IV (InvAscent), for a controlling stake from existing investors and infused primary capital in the company. Morgan Stanley PE Asia and India Life Sciences Fund are investing almost equally, total stake with both funds combined will be over 60% post primary investment, the company told ET. This is Maiva’s first private equity fundraise. Few existing high networth individual (HNI) investors will be exiting.

Air India has launched flights on the Delhi-Dubai route with its new Airbus A350-900 aircraft according to a statement by Air India. The launch of flight on this route marks the international debut of Air India's recently acquired aircrafts, making it the sole carrier to operate the A350 between India and Dubai. The commencement of flights was celebrated with pre-departure ceremonies at both Delhi and Dubai airports, where guests were presented with A350 memorabilia.

Under the OFS, Rajendra Kumar Setia, Rajendra Kumar Setia HUF, Evolvence Coinvest I, Evolvence India Fund III Ltd, Norwest Venture Partners X – Mauritius, TPG Growth IV SF among others will offload shares.

Bollywood actress Janhvi Kapoor, Airbnb has added a new category called Icons, featuring properties owned by 11 celebrities worldwide, including Janhvi's childhood home in Chennai. The residence, originally purchased by her late mother, the iconic Sridevi, is now available for a unique experience for Airbnb users. The official Airbnb website showcases the luxurious property with a series of photos under the headline «Live like Bollywood star Janhvi Kapoor.» This exclusive opportunity allows two guests to stay in the home, providing access to one bedroom and bathroom. Bookings for this experience will commence on May 12.

India’s FY25 growth forecast upward to 6.6% from 6.2% projected earlier. “Strong investment and improving business confidence in India are projected to sustain real GDP growth of just over 6½ per cent in both FY25 and FY26, despite relatively sluggish private consumption growth,” OECD said. “Domestic demand will be driven by gross capital formation, particularly in the public sector, with private consumption growth remaining sluggish,” it further added.

Axis Mutual Fund has announced the launch of Axis Nifty Bank Index Fund, an open-ended index fund tracking the Nifty Bank TRI. This open-ended index fund aims to track the Nifty Bank TRI, providing investors with a mechanism to participate directly in the growth narrative of leading Indian banks, the fund house said in a release. The new fund offer or NFO will open for subscription on May 3 and close on May 17.

Neelkanth Mishra, Chief Economist, Axis Bank & Head of Global Research, Axis Capital, says “in the next three to five years in this same style, we could see very aggressive capex and industrial policy coming in from China and the return on assets, on capital intensive assets in China is already back to 2002 levels. It is quite possible it keeps falling. Imagine then what other countries have to do. Do we have policies to counter that? We need not get overly protectionist, but we need to be very agile in responding to this. Is it ready for this type of global economy which is very different from what we saw from the early 90s to say around 2015-16? There are several new challenges that we need to cope with.” India of yesterday, India of today and India of tomorrow. Where should we start? Neelkanth Mishra: Even to understand where we are headed, we need to have some handle on where we have come from and what we have done and where the platform has been set for the growth in the next three to five years. And then of course, the work that we do in the next three to five years will set the stage for what happens in the five years after that.

Congress leader Shashi Tharoor has criticized the BJP's '400 paar' claim for the Lok Sabha polls, calling it a joke and suggesting that even '200 paar' may be a challenge for the ruling party. Tharoor, who was in a three-way contest in Thiruvananthapuram, expressed confidence in a «very comfortable win» and predicted that the BJP would draw a blank in Kerala, Tamil Nadu, and Andhra Pradesh. He also stated that the BJP would perform worse than its 2019 performance in the South. Tharoor, a Congress Working Committee member and former Union minister, highlighted the current sentiment among BJP voters as one of indifference and lack of enthusiasm. He noted that while there is no overwhelming wave in favor of the Congress and the INDIA bloc, the difference between this election and previous ones is that the BJP appears to be losing its majority, which he considers a foregone conclusion. Asked how it was looking for the Congress and the INDIA bloc after two phases of the polls, the former Union minister said, «190 seats have voted so far and what I am picking up from my sources, it is tremendously positive for our side. We are not suggesting that there is an overwhelming wave but there certainly isn't one for the government.»

REC surged 9.5 percent in intra-day deals today, May 2 to hit a new high of ₹555.45 on the back of strong March quarter (Q4FY24) results. Including today's rally, the stock has extended gains for the eighth straight session, soaring 30.5 percent in this period. The PSU (public sector undertaking) company posted a 33 percent year-on-year (YoY) jump in its consolidated net profit in the quarter under review to ₹4,079 crore, helped by healthy growth in core income and a provision write-back.

Best fuel credit card: Selecting a credit card can be confusing as there are a plethora of options available for customers. Banks customize offers and benefits on their cards based on user preferences. Card issuers are offering on their products unique benefits like cashback, discounts, reward points and fuel points – specifically for fuel purchases, etc.

Mint in an interview. “Our trains, the prototype, will be ready by June 2025. After the approval of the first prototype, say in two months time, we will supply 16 sleeper Vande Bharat trains over the next 12 months with deliveries starting from the first month onwards.

MOIL Ltd share price skyrocketed more than 8% on Thursday. The gains for MOIL share price were fueled by price hike announcements.

₹1 lakh and a monthly stipend of 12,000 rupees. This support directly contributes to her nutrition and overall well-being, enabling her to focus on her athletic pursuits.