India Financial News

Adani Power, Ambuja Cements, Adani Wilmar, Bondada Engineering, Netweb Technologies India, SIS, Orient Cement, Greenpanel Industries, Mangalam Cement, PNB Gilts, Dhampur Sugar Mills, among others will release their Q4 results today. Additionally, Cigniti Technologies, Vardhaman Special Steels, Zenotech Labs, Classic Filaments, Mena Mani Industries, MRP Agro and Nalin Lease Finance will also announce their Q4 earnings on Wednesday, May 1. The Indian stock market is closed today on account of Maharashtra Day.

Of spinners and death over specialists: The best news is the return of Rishabh Pant as wicketkeeper-batsman after recovering from a long injury layoff to make a scarcely believable comeback in the IPL. Leg-spinner Yuzvendra Chahal also returns to the team after a hiatus, following three great IPL seasons for Rajasthan Royals (RR). However, despite his heroics this season, he’s likely to be a backup to all-rounder and left-arm spinner Ravindra Jadeja and left-arm leg-spinner Kuldeep Yadav, except for the unlikely event of India fielding three spinners.

Stocks to buy or sell: Following a pause in the global market gains on Tuesday with traders cautious ahead of the release of key European inflation and growth data, the frontline indices of the Indian stock market erased all the intraday gains in the last hour of trade and ended in the negative zone. The Nifty 50 index finished 38 points lower after climbing to a new peak of 22,783 whereas the BSE Sensex ended 188 points lower after inching close to its existing lifetime high of 75,124. The Bank Nifty index closed 27 points south after hitting a new high of 49,974 during Tuesday deals.

Mallikarjun Kharge has expressed confidence that his party would win a majority in the ongoing Lok Sabha election. That is precisely why, Kharge said, Prime Minister Narendra Modi was talking about ‘mangalsutra and Muslims’ in his election speeches. “We are going to win a majority in this election.

Also Read: Google Doodle today: Celebration of Tari Rangkuk Alu; all you need to know about the Indonesian bamboo dance Bombay State was divided into two separate states, Maharashtra and Gujarat, based on the languages spoken by the public in the two regions. Bombay State Split into Maharashtra and Gujarat was held on May 1, 1960. This reorganization was a significant event in Indian history, as it was one of the first linguistic-based reorganizations of states in the country, aimed at creating states based on the predominant language spoken in the region.

public offerings (IPOs) is set to be launched in May as companies, buoyed by market vibrancy, set aside concerns over heightened volatility historically associated with the general election season. Indegene, Aadhar Housing Finance, TBO Tek, Go Digit, Awfis Space Solutions, Kronox and others are expected to raise over ₹10,000 crore from public offerings this month, according to bankers. So far in 2024, 24 companies have raised about ₹18,000 crore from IPOs. The national polls are being held in phases until June 1. Carlyle-backed health tech firm Indegene has already announced its schedule for raising ₹1,842 crore and has fixed a price band of ₹430-452 per share. The IPO will open for public subscription on May 6. The issue comprises a fresh issue of ₹760 crore and an offer for sale (OFS) of 23.9 million shares.

Indian stock exchanges NSE and BSE will remain closed for trading today (Wednesday( on account of Maharashtra Day. Meanwhile, the country's largest commodity market, the Multi Commodity Exchange of India (MCX), will see no trading in the morning session between 9 am and 5 pm but will resume trading in the evening session between 5 pm and 11:30/11:55 pm. As for the non-agri commodity exchange National Commodity & Derivatives Exchange (NCDEX), it will also remain shut in both the sessions.

NEW DELHI : Services sector raced ahead in company registrations in the just-ended financial year, reflecting the rapid formalization of a segment with few entry barriers. While services accounted for 71% of the 185,300-plus new companies registered in FY24, industry made up less than a fourth, while the farm sector accounted for about 6%.

AET Displays, part of China’s Guangda Group, plans to invest Rs 200 crore in India over the next 12-18 months to expand manufacturing, strengthen local supply chain and after-sales service network, a top executive said. The LED screen maker has an assembly facility in Chennai and is currently sourcing up to 55% of its components for some products from Indian suppliers, said Su Piow Ko, vice president of AET Displays.

DLG) to investors, as it furthers scrutiny on the digital lending sector. The Reserve Bank of India’s directive dated April 26 is likely to impact operations of P2P platforms that relied on affiliates such as Uni, MobiKwik, BharatPe, Rupifi and others to source customers, industry executives said. Some prominent P2P startups with a strong affiliate business are Lendbox, LiquiLoans, Faircent and LendenClub.

revenue growth in parts of Europe and regional markets — the Middle East & Africa (MEA) and India and Asia Pacific (APAC) — outpacing that in the traditional stronghold of North America, which is experiencing flattening demand. Currently, for most IT services firms, the North American market contributes 50-60% to the total revenue, followed by Europe at around 30%. The regional markets still constitute a small portion of the total revenue pie.

Gurpatwant Singh Pannun, as per a PTI report. The remarks by US State Department Principal Deputy Spokesperson Vedant Patel came in response to claims made by The Washington Post, attributing unnamed sources, regarding a Research and Analysis Wing (RAW) officer's involvement in the alleged plot on American soil last year, it added.

JSW Energy, Jindal Power, Adani Power, Swan Energy, Vedanta, Coal India and NTPC are among 26 companies that have shown interest in acquiring debt-ridden 1,800 MW KSK Mahanadi power project. People aware of the development told ET that some funds have also shown interest in acquiring the plant, which is undergoing a fresh round of auction under the insolvency process. The National Company Law Tribunal (NCLT) vacated the stay on the auction of the power project on April 5, paving the way for a fresh round of bidding. The total claim of lenders on the project is pegged at about Rs 32,000 crore. These companies have given 'expressions of interest', which were to be submitted by April 26 and the timeline to give a resolution plan by the interested parties is June 18, according to the timeline set by resolution professional Sumit Binani.

ICC T20 World Cup out of the way here and now. Rinku Singh can consider himself the unluckiest cricketer on the planet. He is, by some distance, India’s most destructive finisher. That job is arguably the toughest in T20 cricket. In 15 T20Is, Rinku averages 89 and scores at a strike rate of nearly 177. Additionally, he is the only player to hit five sixes in the final over a T20 chase, when he won the unlikeliest of games for the Kolkata Knight Riders against the Gujarat Titans in 2023.

ALSO READ: This KKR batter can take MS Dhoni's place: Navjot Singh Sidhu's big prediction The KKR co-owner was accompanied by his son AbRam Khan during his visit to Kolkata. Sourav Ganguly is also an ex-Kolkata Knight Riders skipper. ALSO READ: Watch: Shah Rukh Khan’s ‘cute’ fight with AbRam at Eden Gardens Talking about Indian batter Virat Kohli, Khan said: “I just love him." Shah Rukh Khan shares a close bond with Virat Kohli and his wife and actress Anushka Sharma.

₹1.65 billion. Also read: US Fed meet begins today: What to expect amid sticky inflation? Top experts share their views The existing transaction fees for S&P BSE Sensex options and S&P BSE Bankex options will remain applicable from May 1 to May 10.

Indus Towers posted net profit of ₹1,853 crore for the quarter ended March 2024, up 32.4% from the quarter ended March 2023, where it recorded profits of nearly ₹1,400 crore. The country’s largest telecom tower provider’s revenues rose 6.5% to ₹7,193 crore in the same period, up from ₹6,753 crore the year before. Consolidated earnings before interest, tax, depreciation and amortisation was at ₹4,103 crore, up 19% on-year, representing an operating margin of 57%, the company said in a statement Tuesday.

India T20 World Cup 2024 squad: Rinku Singh's exclusion from the 15-member India squad in the upcoming T20 World Cup 2024 has created waves of disappointment among fans, who were counting on his explosive abilities in the marquee event. The contentious exclusion of Rinku Singh from the main squad came mainly due to another contentious topic in IPL 2024- 'The Impact Player' rule. The people with knowledge about the closed-door meeting between BCCI Secretary Jay Shah and Ajit Agarkar-led selection panel on Tuesday accepted that Rinku Singh paid the price of the 'Impact Player' rule as he didn't get many opportunities to bat in IPL 2024.

, Samsung India provided a first glimpse of the upcoming Galaxy F55 5G. The post not only confirmed the vegan leather finish but also hinted at a triple-camera setup. The leather finish appears in a striking orange shade with two vertical stitch-pattern lines, giving the phone a unique aesthetic.

₹23,70,800. Bookings are currently open, with the motorcycle set to arrive at dealerships by the end of May. This latest offering from Ducati represents a significant upgrade over the standard DesertX, priced at ₹18.33 lakh ex-showroom.

India's gold demand rises 8%, RBI buys 19 tonnes in March quarter: World Gold Council The dollar strengthened by 0.3% compared to its counterparts, resulting in an increase in the price of gold for holders of other currencies, alongside a rise in the benchmark 10-year yield. “Gold is down more than 0.5% so far in the session, weighed by a stronger U.S. dollar and elevated yields ahead of the U.S.