India Financial News
02.05 / 03:33
Citi
security
wellness
testing
NEET UG Admit Card 2024 OUT! NTA releases hall ticket on exams.nta.ac.in. Check direct link here
NEET UG Admit Card 2024 OUT: The National Testing Agency (NTA) has release the admit cards for NEET UG 2024 on its official website — exams.nta.ac.in and neet.ntaonline.in. The NEET UG entrance exam is scheduled to be conducted in the pen-and-paper (offline) mode on May 5 across 571 cities in India and 14 cities abroad from 2 pm to 5:20 pm, spanning 3 hours and 20 minutes. Essential credentials needed to download the NEET admit card include application number, date of birth (DOB), and security pin.
02.05 / 03:33
markets
IPO
Target
Booking
security
Citigroup
band
Aadhar Housing Finance IPO price band set at ₹300-315 per share; issue to open on May 8
₹300 to ₹315 per share. At the upper end of the price band, the company plans to raise ₹3,000 crore from the issue. Aadhar Housing Finance IPO comprises a fresh issue of 3.17 crore equity shares aggregating to ₹1,000 crore and an offer for sale (OFS) component of 6.35 crore shares aggregating to ₹2,000 crore.
02.05 / 02:29
CEO
Software
Food
Trade
President
rights
Girish Mathrubootham steps down as Freshworks CEO; Dennis Woodside takes charge
Freshworks said on Wednesday that founder Girish Mathrubootham will step aside as the chief executive and will take on the role of executive chairman. Meanwhile, Dennis Woodside will take over as CEO of the CRM software maker. In a post on X, Mathrubootham said, «After spending almost 14 years since founding Freshworks as a tiny startup in Chennai, to scaling it to be a global Saas player and the first Indian Saas company to list on Nasdaq, I’m excited to announce that I’m stepping into a new role as Executive Chairman of Freshworks.»
02.05 / 02:29
Fighting
Election
wellness
dance
reports
rights
NC, PDP slam ECI for deferring polls on Anantnag-Rajouri seat in Jammu and Kashmir
Jammu and Kashmir Omar Abdullah on Wednesday alleged that deferment of elections on Anantnag-Rajouri Lok Sabha seat is a conspiracy of the ruling BJP to deprive nomads from exercising their right to vote. Abdullah accused the Election Commission of India of dancing to the tunes of the BJP lamenting that keeping any hope from this institution is futile. The ECI on Tuesday informed that elections on Anantnag-Rajouri seat have been deferred citing a report from union territory administration following the postponement request of the BJP, J&K Apni Party, J&K People’s Conference, Democratic Progressive Azad Party and others. The NC and People’s Democratic Party had opposed the deferment and wrote letters to the ECI as well. “We had also sent a letter to ECI stating that deferment of elections is a conspiracy as those people are demanding deferment who are not even fighting in this constituency. The aim of deferment is not to help the candidates or voters but to help BJP and its conspiracies,” said Abdullah. The BJP and J&K PC have not fielded candidates in this constituency. The NC leader, who is fighting elections from Baramulla Lok Sabha constituency in northern Kashmir said that the ECI isused the order citing weather conditions on a day when rain stopped.
02.05 / 02:09
markets
UPS
Digital
Manufacturing
Boxing
information
stake
CCI approves Airtel's buyout of Warburg Pincus affiliate's stake in DTH arm
Competition Commission of India (CCI) has approved Bharti Airtel’s acquisition of an additional 20% stake in its direct-to-home (DTH) arm Bharti Telemedia from an affiliate of New York-headquartered private equity firm Warburg Pincus, people with knowledge of the matter told ET. The competition watchdog is expected to publish a detailed public order on the transaction soon, one of the sources said. While the transaction dates to 2021, the CCI in August 2023 slapped a fine of Rs 1 crore on Airtel for concluding the deal without informing it.
02.05 / 01:53
markets
Target
Research
trends
Trade
recommendations
Stock market today: Trade setup for Nifty 50 after US Fed meeting, seven stocks to buy or sell on Thursday — May 2
Stock market today: Following strong global market sentiments after the US Fed chair downplayed the rate hike buzz in the US Fed meeting on Wednesday, the Indian stock market is expected to react to this overnight trigger. This US Fed news is expected to offer some relief to the global markets including Asian and the Indian stock markets today. On Wednesday, US dollar rates came under profit-booking pressure and the US dollar index came below the psychological 106 level.
02.05 / 01:43
Death
Trade
War
country
exclusive
rights
On This day: Key events on May 2, from Osama bin Laden’s death to foundation of British colonial rule in India
Also Read: Weather today: IMD issues heatwave warning for THESE states, and orange alert for heavy rainfall in 5 NE states In 1611, the British East India Company received a Royal Charter from King James I. The incident marked a monopoly of the EIC over English trade with all countries east of the Cape of Good Hope, giving it exclusive rights to trade in the lucrative markets of the Indian Ocean region and beyond. With exclusive rights to trade in the area, EIC’s journey to establish its rule in India began with this charter.
02.05 / 01:43
UPS
Election
Heatwave in Telangana: EC extends polling time by an hour for Lok Sabha Election 2024
IMD predicts thunderstorms from May 4, issues red alert for severe heatwave Yesterday, the Telangana police recovered cash and liquor worth over ₹3.5 crore since the Model Code of Conduct came into force for the 2024 Lok Sabha election. In Telangana's sensitive border district, Bhadradri Kothagudem 72 Naxalites have been killed in encounters in about a year, especially in three months.
02.05 / 01:43
CEO
Action
Mobile
Inside
information
reports
shock
Behind KVS Manian's sudden exit from Kotak Mahindra Bank
MUMBAI : KVS Manian’s abrupt exit from Kotak Mahindra Bank Ltd a week after the central bank’s knuckle-rap and barely two months after he was elevated as joint managing director may have derailed the lender’s carefully scripted restructuring. Kotak Mahindra Bank informed the stock exchanges late Tuesday that it had accepted Manian’s resignation with immediate effect, stating that he had “stepped down to pursue other opportunities in the financial services sector". It appears, however, that Manian, 62, who has spent nearly three decades at the bank and had been in consideration for the top role, may not have anticipated having to leave immediately.
02.05 / 01:43
Provident
Target
Google
President
show
reports
International
Google cuts jobs globally, relocates roles, expands hiring in India and Mexico. Here is why
tech giant is expected to hire replacement workers for positions in India and Mexico, CNBC reported citing internal documents. The "core" team at Google, which develops the "technical foundation behind the company's flagship products" along with the user safety online and its global IT infrastructure, was the target of the internal job cuts, announced a day before Google's first-quarter earnings report.
02.05 / 01:43
markets
Google
Browser
Garena Free Fire Max redeem codes for May 2, 2024: Win free in-game goodies
Google cuts jobs globally, yet expands hiring in India and Mexico. Here is why 2E4C7V0B5N6M1Z8 I2O3A4S5D62F7G8 U9Y0ST1R2E3W4Q5 H6J7K8L9Z1X2SC3 M4N5B6SV7F8G9H0 P1OS2I3U4Y5T6W7 A8S9D0F1G2J3K4 Garena Free Fire Max redeem codes are 12-digit alphanumeric sequences that include capital letters and numbers. Players can access a range of in-game items like skins, weapons, and character enhancements by redeeming these codes.
02.05 / 01:43
FIVE
Booking
Aware
Enterprise
Avid
cover
Colleges
A quiet Godrej billionaire gifts all riches to relatives
Godrej billionaire Rishad Kaikhushru Naoroji has decided to gift most of his shares in group companies to nephews and nieces, an executive aware of the development said, in a rare instance of corporate India's super-rich leaving his wealth to relatives. Naoroji, 72, is a third-generation member of the Godrej business family and a cousin of Adi, Nadir and Jamshyd Godrej, and Smita Godrej Crishna. Naoroji owns shares in four of the five listed Godrej companies—Godrej Agrovet, Godrej Consumer, Godrej Properties and Godrej Industries -totalling about ₹7,050 crore as on 1 May.
02.05 / 01:43
markets
Research
Nikkei
Trade
track
recommendations
Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US Federal Reserve policy to oil price
Sensex declined 188.50 points, or 0.25%, to close at 74,482.78, while the Nifty 50 settled 38.55 points, or 0.17%, lower at 22,604.85. “We expect the market to continue its positive momentum supported by healthy Domestic Institutional Investors (DIIs) and retail buying and going Q4 result season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. The Indian stock market was closed on May 1 on account of Maharashtra Day.
01.05 / 20:59
UPS
economy
WhatsApp
show
Bank deposit rates rise, but yet to fully reflect repo hike
deposit rates, central bank data show that the full transmission of the 2.5-percentage-point hike in the benchmark repo rate since May 2022 is still not complete, except in the case of fresh term deposits. While they don't reflect the full impact of the policy rate hike, lending and deposit rates on both fresh and outstanding deposits rose in the last fiscal year, putting pressure on banks' interest margins. The weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits increased to 6.62% in March 2024 from 6.44% the previous month, according to data released on Tuesday by the Reserve Bank of India. In the 12 months through March, the rate rose by 14 basis points (bps), or 0.14 percentage points, after a dip in the first half of the fiscal year. The rate transmission since May 2022, when the RBI started raising rates after a long pause, works out to 259 bps — 2.59 percentage points — for fresh term deposits.
01.05 / 20:59
UPS
Twitter
economy
Election
wellness
Experts
April GST numbers are here and they're off the charts
India's goods and services tax (GST) collection hit an all-time high of ₹2.1 lakh crore in April, underlining the robust economy and kicking off the new fiscal year on a strong note. This also creates room for the much-anticipated reform of the GST regime when the new government takes charge after general elections. «GST collection crosses ₹2 lakh crore benchmark, thanks to the strong momentum in the economy and efficient tax collections,» finance minister Nirmala Sitharaman posted on X, formerly Twitter. GST collection rose 12.4% in April from ₹1.87 lakh crore a year earlier on the back of a 13% rise in domestic transactions that point to healthy local demand. The previous monthly record was ₹1.87 lakh crore in April 2023. India's economy is estimated to have grown 7.6% in FY24. The IMF expects India's GDP to expand 6.8% in FY25, retaining its status as the world's fastest-growing major economy. Total GST collection was ₹1.78 lakh crore in March while the monthly average for FY24 was ₹1.68 lakh crore.
01.05 / 18:33
markets
UPS
Target
Research
reports
Adani Ports Q4 preview: Net profit likely to fall, sales to rise; board to consider dividend
Adani Power Q4 results: Net profit down 48% YoY to ₹2,737 crore, revenue up 30% According to Equirus Capital, Adani Ports will witness a 12.4 percent year-on-year decline in net profit, with figures dropping to ₹2,129.60 crore from ₹2,432.30 crore in the corresponding quarter of the previous year. Conversely, sales are expected to surge by 20.7 percent year-on-year, reaching ₹6,996.40 crore compared to ₹5,796.90 crore in the previous year. Furthermore, the EBITDA margin is anticipated to stand at 60 percent, marking a substantial increase of 377 basis points year-on-year.
01.05 / 18:33
Southern
Boxing
composer
show
song
Features
Videos
Pushpa Pushpa: First single from Allu Arjun's 'Pushpa 2' out, rules YouTube within hours. Watch
ALSO READ: ‘Pushpa 2: The Rule’ poster unveiled with Allu Arjun's menacing look, teaser tomorrow The lyrical 4-minutes-19-seconds long video is filled with the strong vibes, aimed to drive fans crazy. In the video, apart from the lyrics of the song superimposed on few glimpses of the movie, Allu Arjun has showed off a ‘shoe drop step’, ‘phone step’ and ‘chai step’.
01.05 / 16:49
UPS
Provident
Remark
Election
reports
rights
Lok Sabha elections: Once a Modi fan, comedian Shyam Rangeela to take on PM in Varanasi, says ‘I am the original fakir’
The Indian Express. ALSO READ: Lok Sabha Elections 2024: Rajnath Singh reiterates ‘abolish Congress’ remark Rangeela also said that he will contest “wholeheartedly" and will visit Varanasi this weekend to file his nomination papers, the report added.
01.05 / 16:49
FIVE
President
reports
Videos
Investigations
Amit Shah ‘deepfake’ video case: Revanth Reddy's lawyer denies sharing content, Jharkhand Congress' X handle withheld
deepfake video but before reaching out to the suspect they have to verify about others who uploaded or forwarded it. Notices have also been served to five more people from different opposition parties for allegedly sharing the video.
01.05 / 16:49
UPS
Waters
Southern
Food
show
Department
Mint Primer: Red hot prices and other effects of the heatwave
Mint explores. The heatwaves sweeping eastern, central and southern states began two weeks back. A heatwave, the India Meteorological Department (IMD) says, happens when a rise in air temperature turns fatal for humans exposed to the heat—when maximum temperatures are at least 4.5-degree Celsius higher than normal.
01.05 / 16:49
UPS
Reuters
Election
reports
isolate
IMD warns of above-normal heatwave days in May 2024 as India records hottest April since 1901
Rajasthan, west Madhya Pradesh, Vidarbha, Marathwada and Gujarat -Number of heatwave days is likely to be above normal by about 2-4 days in May over remaining parts of Rajasthan, east Madhya Pradesh, Punjab, Haryana, Chandigarh, Delhi, Uttar Pradesh and some parts of Chhattisgarh -Number of heatwave days will also be higher than normal by 2-4 days in May over interior Odisha, Gangetic West Bengal, Jharkhand, Bihar, north interior Karnataka, Telangana and isolated pockets of north Tamil Nadu, Andhra Pradesh According to a Reuters report, the eastern part of India, including West Bengal, Odisha, experienced its hottest April on record as heatwave scorched India. This comes as Lok Sabha Elections 2024, after completing two phases, now gears up for the remaining for phases, even as IMD predicts an even hotter May.
what's happening in India
What is the current situation in India?
In India, the spotlight is on socially significant developments that spark public discussion.
Where can I find reliable news about India?
We publish reliable reports about the situation in India, based on information from official representatives.
What shapes the media agenda in India?
The news landscape of India is shaped by key decisions by local authorities, reflecting its specific characteristics.