India Financial News

Ambuja Cements reported a standalone net profit of Rs 532 crore for the quarter ended March 2024, which is higher by 6% year-on-year. The company had clocked a profit of Rs 502 crore in the same period last year. Revenue from operations during the fourth quarter increased 12% year-on-year to Rs 4,780 crore, compared with Rs 4256 crore in the same quarter of last year.

renewable energy experts and industry players say. Collaborative efforts among policymakers, industry stakeholders, and civil society can accelerate the transition to net-zero emissions, paving the way for a cleaner and greener future. India's ambitious 'India Battery Manufacturing Vision' aims to achieve over 500 GWh capacity by 2035, attracting $35 billion in investments, they said. A report by the Center for Study of Science, Technology and Policy (CSTEP) highlighted that the southern states, namely Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, and Telangana, boast significant solar and wind energy potentials, collectively totaling 1,526 GW of solar energy potential and 1,124 GW of wind energy potential. However, achieving this potential requires substantial investments in strengthening the intra-region transmission infrastructure. The report suggests an investment of approximately Rs 9,245 crore by 2030, in addition to the ongoing transmission network strengthening initiatives by the Central Electricity Authority (CEA).

freedom movement in the 1940s, Sanjay Leela Bhansali's web-series 'Heeramandi: The Diamond Bazaar' embarks on a riveting narrative journey encompassing love, power, vengeance, and liberation. Premiering on Netflix from May 1, the series intricately explores the cultural tapestry of Heeramandi through the lives of courtesans and their patrons. Led by a stellar ensemble cast featuring Manisha Koirala, Sonakshi Sinha, Fardeen Khan, Aditi Rao Hydari, and others, 'Heeramandi' promises to captivate audiences with its grandeur and depth. Sanjay Leela Bhansali's 'Heeramandi: The Diamond Bazaar blends opulent sets, breathtaking costumes, and evocative storytelling. The recently unveiled 'Azadi' song, featuring a star-studded cast, pays homage to India's unsung heroes, the freedom fighters. With its poignant lyrics by A M Turaz and soul-stirring vocals, 'Azadi' resonates as a moving tribute to the sacrifices made for independence. Fardeen Khan makes a remarkable return to acting after 14 years with 'Heeramandi'. In an interview, he shared his sentiments of feeling like a newcomer amidst the evolving landscape of cinema. Grateful for the opportunity to collaborate on 'Heeramandi' and two other upcoming projects, Fardeen reflected on the changes in the industry and the audience's trust in his craft.

exports through online medium are expected to figure in the commerce ministry's 100-day agenda roadmap for the new government, an official said. The commerce ministry's arm DGFT is already working with the RBI and concerned ministries, including the finance ministry, on several steps to promote exports through e-commerce medium as huge export opportunities are there in the sector. The exercise assumes significance as ministries have been asked to prepare a 100-day plan for the new government. The seven-phase Lok Sabha polls, the world's biggest election exercise, kicked off on April 19 with the counting of votes set to take place on June 4.

mafia raj" was going on in Assam, Congress leader Priyanka Gandhi Vadra on Wednesday claimed Chief Minister Himanta Biswa Sarma was involved in multiple scams. Addressing an election rally in Dhubri, she claimed Sarma has a «secret understanding» with Badruddin Ajmal of the AIUDF just like BJP has with Assaduddin Owaisi in Telangana, both of which were aimed at defeating the Congress. She also hit out at the BJP on the sexual abuse allegations against Karnataka MP Prajwal Revanna and said that PM Narendra Modi sought votes for him and then did not stop him from leaving the country. The Congress leader also attacked the BJP on the electoral bonds issue.

Also read: US Fed meet begins today: What to expect amid sticky inflation? Top experts share their views According to data released by the Labor Department's Bureau of Labor Statistics on April 10th, the US consumer price index (CPI) increased by 0.4 percent month-on-month (MoM) and 3.5 percent year-on-year (YoY), surpassing Street expectations of 0.3 percent MoM and 3.4 percent YoY. Indian investors also will be closely watching how the Fed addresses the dilemma of balancing growth and inflation.

Read here: General Elections 2024: Will Nifty extend gains for 4th straight month in May? The broader markets have been consistently hitting new peaks in September, except for some correction in February and March. Even though the benchmark Nifty is also at its record high, the bull run in the mid and small-cap stocks is unparalleled. All three indices hit their new peaks in the previous session, April 30.

Indegene IPO: The Initial Public Offering (IPO) of Indegene Limited is going to hit the Indian primary market on 6th May 2024 i.e. on Monday next week. The company, which provides digital services to the life science industry, recently declared the Indegene IPO price band at ₹430 to ₹452 per equity share.

Temperatures continue to hit new highs every subsequent year. In its March 2024 update, the World Meteorological Organisation’s (WMO) annual State of the Global Climate report confirmed that 2023 was the warmest year on record, with the global average near-surface temperature at 1.45° Celsius above the pre-industrial baseline. Add to this, it was the warmest 10-year period on record.

News18 on Wednesday amid concerns over the rare side effects of the COVID-19 vaccine. Only seven to eight individuals out of 10 lakh who receive the Covishield vaccine face the risk of experiencing a rare side effect known as Thrombosis Thrombocytopenia Syndrome (TTS) Gangakhedkar told News18. “The risk is highest when you get the first dose.

Delhi High Court dismissed a Public Interest Litigation (PIL) on Wednesday which sought direction to the Election Commission of India to develop a mechanism promptly to ensure that political leaders and candidates would be allowed to campaign virtually with reasonable restrictions. The bench, led by the Acting Chief Justice, mentioned that if such a thing were to happen, individuals like Dawood Ibrahim and other notorious criminals might establish a political party, participate in elections, and conduct campaigns via video conferencing. The bench also stated that even individuals convicted of heinous crimes such as rape and murder could potentially create a political party for their objectives. The bench, including Justice Manmeet Pritam Singh Arora, stated that they are aware of the propaganda behind such petitions and are well informed about it. They have handled numerous petitions recently and have also imposed costs on the petitioners for submitting frivolous pleas.

From sleek designs to cutting-edge features, each AC on our list has been carefully selected based on its performance, reliability, and eco-friendly credentials. Whether you seek powerful cooling for large spaces or compact solutions for smaller rooms, our curated selection has you covered.

CBI has searched 30 locations across 10 states and union territories after registering a case in a fraudulent investment scheme linked to the HPZ Token App, officials said Wednesday. The agency has alleged the scheme involved misleading the public to invest in non-existent crypto-currency mining machine rentals. The nationwide operation ended Tuesday night. Two private companies, Shigoo Technology Private Limited and Lillian Technocab Private Limited, along with their directors were booked in the case under Indian Penal Code Sections 120-B (criminal conspiracy) 419, 420 (cheating) and Section 66 D of Information Technology Act, 2000, officials said. The CBI seized digital devices, including laptops, mobile phones, ATM and debit cards besides a trove of email accounts, during the searches spread across Delhi-NCR, Jodhpur in Rajasthan, Mumbai in Maharashtra, Bengaluru in Karnataka as well as locations in Tamil Nadu, Andhra Pradesh, Uttar Pradesh, Bihar, Odisha and Madhya Pradesh.

Mint. “No factory in India will ever be building for India only. It will be a small part, and bulk of it will be for exports, and that's actually a good thing because we want our factories to be globally viable," he added.

RECord high of 75,124.28 on April 9 and the Nifty 50 scaled its fresh peak of 22,783.35 on April 30. The overall market capitalisation of firms listed on BSE rose to nearly ₹406.56 lakh crore on April 30 from nearly ₹386.97 lakh crore on March 28, making investors richer by nearly ₹20 lakh crore in a month. The undercurrent of the Indian stock market remains positive due to the bright outlook of the nation's economy, the prospects of political stability after the Lok Sabha election and the strong influx of domestic investors.

released the final voter turnout figures for the first two phases of the Lok Sabha elections on April 30. The announcement came 11 days after the first phase polling on April 19, and four days after the second phase on April 26. According to the poll panel’s data, the voter turnout for the first phase of polling was 66.14 per cent, marking a drop of about 4 percentage points compared to the first phase in the 2019 Lok Sabha Elections.

₹35 lakhs from a classmate after blackmailing him over his online gaming addiction. The two have been placed in the juvenile facility and the other accused is in juvenile custody, reported Indian Express. In addition to the accused students, the police have also arrested other people involved in the extortion, Bengaluru Police told IE on Wednesday.

Singapore Airline to pay nearly two lakh rupees to an Indian couple. A police chief from Telangana, Ravi Gupta, along with his wife, sued the airline after he had to manually adjust seats with an automatic recline feature, despite paying 66,750 rupees (about $800) each for a business class seat, according to a New York Post report. Delhi School Bomb Threat live Disappointed with their poor flight experience despite paying a hefty amount for a ticket, Gupta sued the airline for the incident that took place in May last year.

Mint. The firm has at least $1.5 billion invested in India across three strategies: primary funds, secondary transactions, and direct co-investments. “We expect a material increase in investments in India.

National Investigation Agency (NIA) has arrested another key accused in the Rs 700 crore Attari border drugs seizure case, taking the total number of arrests in the matter to eight. An official statement issued on Wednesday said the accused, Athar Saeed alias Chacha, had handled the proceeds of the drugs on the directions of the kingpin, Shahid Ahmed. Saeed was arrested on Tuesday after the NIA teams searched his premises in Delhi's Daryaganj and seized incriminating documents. The documents are being examined by the anti-terror agency to unravel the complete conspiracy behind the massive drugs racket, the statement said.

deepfake videos during the ongoing Lok Sabha elections. A bench of Acting Chief Justice Manmohan and Justice Manmeet PS Arora agreed to list the matter for hearing on Thursday, if the petition is in order. Senior advocate Jayant Mehta, while mentioning the plea for an urgent hearing, said it was being filed by a lawyers' body seeking directions to the Election Commission of India (ECI) to stop the circulation of deepfake videos during elections. Explaining the urgency, the lawyer said general elections are going on and deepfake videos are being circulated and they have also given a representation to the ECI.