India Financial News

Cricket in India (BCCI) has announced India's 15-member squad for the ICC Men's T20 World Cup 2024, to be held in the West Indies and USA from June 1. Rohit Sharma will lead, with Hardik Pandya as deputy. Sanju Samson will support Pant as the second wicketkeeper-batsman… Pant returns after 16 months post a car crash in 2022. India opted for four spinners — Ravindra Jadeja, Axar Patel, Kuldeep Yadav, and Yuzvendra Chahal. The pace attack, led by Jasprit Bumrah, features Arshdeep Singh and Mohammed Siraj. Hardik Pandya and Shivam Dube offer seam-bowling options. Sanju Samson secured a spot, while KL Rahul and Rinku Singh missed out. Shubman Gill, Rinku Singh, Khaleel Ahmed, and Avesh Khan are named reserves. India's campaign begins against Ireland on June 5 at Nassau County International Cricket Stadium, New York, followed by a highly anticipated clash against Pakistan on June 9. They will also face USA and Canada on June 12 and 15 respectively. India, placed in Group A with Pakistan, Ireland, Canada, and co-hosts USA, aims for a strong start against Ireland before the crucial match against Pakistan.

The index had grown by 7.1 per cent in February 2024 and 4.1 per cent in January 2024. Meanwhile, it stood 4.2 per cent in March 2023. «The production of Cement, Coal, Electricity, Natural Gas, Steel and Crude Oil recorded positive growth in March 2024» the government said.

Saurabh Bharadwaj on Tuesday said the Centre should work to urgently address the alleged side-effects of the Covidshield vaccine as millions of people in India were administered the shit during the Covid pandemic. Bharadwaj expressed concern over the alleged link between the vaccine's side-effects and a series of sudden deaths in India, claiming that Covidshield was banned in several European countries, including Germany, France, Spain, Finland, Norway and Denmark, at the beginning of 2021 due to apprehensions about its safety. UK-headquartered pharmaceutical giant AstraZeneca has admitted that in «very rare cases», its COVID-19 vaccine can cause a blood clot-related side-effect but the causal link is unknown, according to court papers being quoted in the UK media. The Daily Telegraph reported that in a legal document submitted to the High Court in London in February for a group action brought by 51 claimants, AstraZeneca admitted that the vaccine developed with the University of Oxford to protect against COVID-19 may cause Thrombosis with Thrombocytopenia Syndrome (TTS) in «very rare cases».

Influencer marketing company vHub.ai has raised an undisclosed funding in a seed round from a clutch of investors including Z21 Ventures and Start Up India Seed Fund Scheme. Several existing early-stage angel investors whosupported Vhub’s initial launch and development phaseshave also participated in the round.

Domestic benchmark index NSE Nifty ended 38.56 points down at 22604.85, while the BSE Sensex closed 188.5 points down at 74482.78.

Sikko Industries Ltd.(up 4.33%), Bohra Industries Ltd.(up 2.43%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 0.86%), Aries Agro Ltd.(up 0.48%) and Coromandel International Ltd.(up 0.33%) stood among the top gainers.

Shares of ended the day as top gainers in the pack.

₹60 for each equity share with a face value of ₹10. Sai Swami Metals & Alloys IPO lot size consists of 2,000 shares. Applications have to include a minimum of 2,000 equity shares; after that, multiples of 2,000 equity shares will be considered.

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US Fed meet ahead: What do dimming rate cut hopes mean for Indian stock market? Mid and smallcap indices continued their upward march. The BSE Midcap index hit its fresh all-time high of 42,396.21 during the session before closing 0.49 per cent higher at 42,121.40.

Also Read: Income Tax return filing 2024: What is Form 16, when is issue date and why is it crucial? — Explained Mark your calendar for the deadline to deposit taxes deducted or collected for the month of April 2024. It's important to note that any sum deducted or collected by a government office must be paid to the Central Government's credit on the same day if the tax is paid without the production of an income-tax challan. The due date for issuing TDS certificates for tax deducted under various sections such as 194-IA, 194-IB, 194M, and 194S for the month of March 2024.

Also read: India's oil imports from Russia drops 19% in February, Saudi Arabia 2nd largest supplier According to an ICRA report based on data from the ministry of commerce and industry, the value of India's oil imports fell by 15.2% year-on-year to $162.4 billion during April-February of FY24. This decrease could be attributed to a combination of factors, including a reduction in international crude oil prices and savings from the purchase of discounted Russian crude oil.

₹4,162 crore). While fresh issue of shares will account for $218 million ( ₹1,815 crore), the rest will come from an offer for sale. Investors who are putting up their shares for sale include TPG Growth, Premji Invest, Softbank Group and Mahindra & Mahindra.

Priyanka Gandhi Vadra is unlikely to contest the Lok Sabha Elections from the Raebareli seat in Uttar Pradesh, reports said. Priyanka will instead focus on campaigning for the party nationwide, a report in India Today said. Priyanka has not contested any elections so far.

PM Modi on Monday said he had informed the Pakistan government about Balakot air strike before it came out in the media and cited that ‘Modi doesn't hide things nor attacks from hiding’. The prime minister claimed that he doesn't believe in attacking from the back and fights openly face to face and in case of Balakot air strikes, he disclosed information about it and the destruction caused to the enemies even before the news broke. "I had asked the forces to call the media and inform them, but I said before that I will inform Pakistan through telephone about airstrikes at night and destruction caused, but Pakistan people did not come on phone.

Manappuram Finance share price has been gaining momentum in the last two sessions, including today, following the approval of its subsidiary Asirvad Micro Finance IPO by market regulator the Securities and Exchange Board of India (SEBI). Manappuram Finance share price today surged over 5% to touch 52-week high, the stock opened at ₹196.95 apiece on the BSE. Manappuram Finance share price touched an intraday high of ₹207.30 and an intraday low of ₹195.65.

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₹3.98 lakh crore against nearly ₹3.87 lakh crore at the start of the April series, according to the brokerage firm. Single stock futures rollover stood at 84 per cent in the April series which was lower than its three-month average of 93 per cent. Single stock futures open interest stood at ₹3.59 lakh crore as compared to ₹3.34 lakh crore at the start of the April series, JM Financial said.

M&M shares jumped as much as 5.15% to a new high of ₹2,169.25 apiece on the BSE. The auto major launched the XUV 3XO with prices starting from ₹7.49 lakh for the base MX1 variant. The new compact SUV is likely to compete with the likes of Tata Nexon, Hyundai Venue and Maruti Suzuki Brezza in a highly contested market segment.

Also Read: Oil prices decline amid Israel-Hamas peace negotiations, Fed rate cut hopes As of now, Brent crude futures have seen a modest increase of 0.26% in April, while WTI crude futures have experienced a slight decline of 0.55%. Crude prices surged sharply in mid-April, reaching their highest level since October, driven by Iran's unprecedented attack on Israel in retaliation. This was seen as a response to a suspected Israeli strike on the Iranian Consulate in Damascus, Syria, earlier in the month.