India Financial News

₹79 per equity share of face value of ₹10 each. Slone Infosystems IPO will open for subscription on Friday, May 3, and close on Tuesday, May 7. The lot size for the Slone Infosystems IPO is 1,600 shares.

International news in India at the beginning of 2024 was dominated by a publicized phase of diplomatic tension between India and the Maldives following Prime Minister Narendra Modi’s visit to the Union territory of Lakshadweep. This was followed by an order by the government of Maldives asking Indian troops to leave the archipelago nation. However, this wasn’t the first time the relationship between the Maldives and India has been disturbed.

₹681 crore, which Gillette India attributed to superior innovations across the portfolio, and strong brand fundamentals. Gillette India's profit after tax stood at ₹ 99 crores, came better than analysts expectations.

Hyundai Motor Group plans to launch its first hybrid cars in India as early as 2026, three sources said, as the South Korean auto group looks beyond electric vehicles to boost its presence in a key auto market. The group, housing Hyundai Motor and Kia Corp, is evaluating a hybrid sport-utility vehicle of size similar to its top-selling, mid-sized Creta SUV in India, said two of the sources who have direct knowledge of the plans. Hyundai and Kia are both targeting the launch of hybrid SUVs in India in 2026 or 2027, one of the sources said, adding that their EV plans for India were also on track.

Ajit Agarkar and Board of Control for Cricket in India (BCCI) secretary Jay Shah have arrived at the ITC Narmada Hotel in Ahmedabad. The meeting of the selection committee is underway and an announcement may be expected soon as all teams have to submit their 15-player squad till May 1. The marquee event is all set to begin on June 1 in the USA and the West Indies.

«As per the F&S report, the petrochemical side is going to be added in the capex where these cracking furnaces are going to be prospective in the future,» says Goutam Rampelli, Whole Time Director, JNK India. Meanwhile, Pravin Sathe, CFO, JNK India says, «So far as the capex plans are concerned, we did not have any capex plan in the near future as per the RHP. We have been an asset-light model and we have a lot of vendors who are empanelled with us and they are capable of meeting the standards that are required for these equipments.» What is the outlook when it comes to the demand for the company's products, like O&G upgradation as we are seeing capex gather pace both internationally as well as domestically? Goutam Rampelli: Yes, this oil and gas and also the petrochemical industry is going to have much more growth than they expected. And as per F&S report what we have seen earlier that it is going to be Rs 6,300 crore market value for this heating equipment.

Puma India has announced actor, Ibrahim Ali Khan Pataudi, as its newest ambassador and said with a legendary legacy in both the realms of sports and cinema, he is the perfect addition to the brand's family. Under this association, he will front the brand’s sports-inspired premium and limited-edition footwear and apparel products. In doing so, Puma will further connect with its young consumers and drive the brand's sports heritage story forward with Ibrahim’s innate style and passion for sports. “Given my love for sports such as football, motorsport and cricket, I am extremely excited to collaborate with Puma. I have always looked up to Puma athletes such as English footballer Jack Grealish and cricketer Virat Kohli and look forward to the opportunities to engage with them through the brand. I will be working closely with the Puma team on interesting campaigns and truly hope to carry forward the brand’s rich legacy," Ibrahim Ali Khan Pataudi said.

Trust MF Flexi Cap Fund's new fund offer or NFO has garnered Rs 510.59 crore from investors. The fund is an open-ended dynamic equity scheme, investing across large cap, mid cap, and small cap stocks. The fund was open for subscription from April 5 to April 20. The total assets collected during the NFO period reflect strong interest and participation from investors and distributors, said the press release by the fund house. The fund reopened for subscription from April 29.

ACC Ltd. gained 0.45 per cent to Rs 2537.6 at 12:58PM (IST) in Tuesday's trade. The counter hit a high of Rs 2553.0 and low of Rs 2525.05 so far during the session. The stock had closed at Rs 2526.15 in the previous session. The counter had a total traded volume of 12:58PM shares so far with a turnover of Rs 3.52 crore on BSE. The stock traded at a price-to-earnings multiple of 29.77 and a price-to-book ratio of 2.87.

Securities and Exchange Board of India (SEBI) guidelines for Small and Medium REITs (SM-REITs) is expected to list over Rs 4,000 crore worth of existing fractional assets under management owned by multiple platforms over the next 2-3 years. SEBI has recently issued guidelines for Small and Medium Real Estate Investment Trusts (REITs), which are expected to facilitate the listing of a significant number of previously unregistered fraction ownership platforma (FOPs) like Strata, hBits PropertyShare, Assetmonk, Alyf, YOURS and WiseX dealing in real estate assets. The move is aimed at promoting transparency and accountability in the real estate sector, and is likely to provide a boost to the Indian REIT market. “SM REITs will not only foster retail investors’ interest in the real estate sector but will ensure investment portfolio diversification in a regulated environment.

IvyCap Ventures, which backed startups such as BlueStone, Purplle and Biryani By Kilo, has announced the final close of its third fund at Rs 2,100 crores. Through this fund, the firm plans to invest in about 25 early-stage startups, with average starting investment amount ranging from Rs 30-50 crore. It has already deployed 40% of the capital from the third fund to startups such as Dhruva Space, Snitch, Celcius Logistics, GradRight, Eggoz and Flexifyme.

₹71 to ₹75 per share. The IPO lot size is 1,600 shares. At the upper end of the price band, the company plans to raise ₹23.36 crore from the book-built issue which is entirely a fresh issue of 31.15 lakh equity shares.

IPL clash against DC on April 29. During the KKR vs DC match at the Eden Gardens, Star Sports released a video on social media. In the video, King Khan is seen speaking about the DC captain.

Delhi airport aims to install the full body scanner by the second half of this fiscal, while the Bengaluru airport is undertaking trials, two people aware of the development told Mint. The installation is likely in 2-3 months, they added. "The work is in progress, in accordance with the latest guidelines issued by the Bureau Of Civil Aviation Security (BCAS).

Star Sports, Sidhu said, “Rinku Singh can take MS Dhoni’s place. He can finish games like the veteran player. Rinku is talented and can hit shots to all parts of the ground.

Deve Gowda's grandson Prajwal Revanna has been suspended from the party temporarily until allegations against him over sexual abuse are probed. Revanna and his father HD Revanna, also a JD(S) MLA, were booked on Sunday by the police for sexual harassment and criminal intimidation based on a complaint from a woman, who worked in their household. «We welcome SIT against Prajwal Revanna. We've taken a decision to recommend our party's national president to suspend him from the party till the SIT investigation is completed, » JD(S) core committee president GT Devegowda said.

India Meteorological Department forecast, the heat wave conditions across east India are expected to gradually abate from May 1st as schools break for their summer vacation. But the southern regions of the Indian Peninsula are expected to experience heat wave conditions for the next five days. In specific areas like Gangetic West Bengal, Odisha, and Bihar, heat wave conditions persisted over the last few days, with isolated severe heat wave pockets, according to IMD. Additionally, isolated pockets in Sub-Himalayan West Bengal, Rayalaseema, Konkan, interior Karnataka, and Kerala experienced heat wave conditions. Odisha has been facing these conditions since April 15th, while Gangetic West Bengal has been affected since April 17th. On Sunday, maximum temperatures soared to 42-45°C in parts of Odisha, Gangetic West Bengal, and Rayalaseema. In East Uttar Pradesh, Bihar, Jharkhand, Marathwada, Madhya Maharashtra, North Interior Karnataka, and Telangana, temperatures ranged from 40-42°C. Certain areas in Vidarbha, Coastal Andhra Pradesh & Yanam, and isolated pockets of Chhattisgarh and Gujarat also experienced high temperatures. These temperatures were 4-8°C above normal in many parts of Bihar and Gangetic West Bengal, as well as in some parts of Sub-Himalayan West Bengal and isolated pockets of north Odisha.

Admiral Dinesh Kumar Tripathi, who specializes in communication and electronic warfare, took charge as the 26th Navy chief in New Delhi on Tuesday following the retirement of incumbent R Hari Kumar. Admiral Tripathi, an alumnus of Sainik School Rewa, was previously serving as the Vice Chief of the Naval Staff before assuming command of the force. Admiral Tripathi was born on May 15, 1964 and joined the executive branch of the Indian Navy on July 1, 1985. He is a specialist in communication and electronic warfare, and has served with distinction for almost 39 years.

India T20 World Cup 2024 Squad Live Updates Here are 5 hilarious moments when Hitman made fans laugh 1. Rohit Sharma wardrobe malfunction On April 14, during CSK vs MI IPL match at the Wankhede Stadium, Rohit Sharma encountered an embarrasing moment while fielding. The former MI captain's pants slipped off when he dived to catch the ball.

In a remarkable judgement delivered on 6 April 2024, a day that should stay marked memorably on our calendar, the Supreme Court of India (SC) recognized that “….the people have a right against the adverse effects of climate change." And that “this right and the right to a clean environment… [is] necessary to articulate... as a distinct right. It is recognised by Articles 14 (right to equality) and 21 (right to life)." The SC judgement clearly spells out that the right to health (under Article 21) is impacted by factors that degrade the environment.