India Financial News

₹20 crore or more currently. Earlier this month, Amazon miniTV, Amazon’s free video streaming service launched a bouquet of over 200 shows and movies dubbed in Tamil and Telugu languages. The line-up of dubbed titles includes Hindi originals of miniTV such as Hunter- Tootega Nahi Todega, Physics Wallah and Rakshak- India’s Braves, besides Hollywood movies dubbed in Tamil and Telugu, including Twilight, Now You See Me, Hunger Games series, the Step Up franchise, Red, and more.

Supreme Industries share price: Shares of Supreme Industries continued witnessing strong buying interest on Monday, April 29, as the stock jumped over 8 per cent in morning trade on BSE, buoyed by the company's healthy March quarter result. Supreme Industries share price opened at ₹4,430.55 against its previous close of ₹4402.30 and rose over 8 per cent to hit the day's high of ₹4,758.85 in Monday's trade so far. Around 11:30 am, Supreme Industries share price traded 7.88 per cent higher at ₹4,749 apiece.

IIFL Samasta Finance, which is one of India’s largest non-banking microfinance companies (NBFC-MFI), today said that Former Chairman of NABARD, Dr. Govinda Rajulu Chintala has joined as independent director and Chairman of the Board at IIFL Samasta Finance. The microfinance company also announced the appointment of three other members to its Board of Directors.This strategic move reflects the company's commitment to further strengthen its governance structure and driving continued growth and innovation in the microfinance sector.Besides Former Chairman of NABARD, Dr. Govinda Rajulu Chintala, Former Managing Director of Equifax Credit Information Services Mr. Kalengada Mandanna Nanaiah, Former President of Institute of Chartered Accountants of India (ICAI) Mr. Nihar N Jambusaria and Co-promoter of IIFL Group, Mr. R. Venkataraman have joined the board.

Prajwal Revanna sex scandal: 'Used to call in storeroom,' victim shares ordeal Former CM listed out some recent incidents of crime against women in the southern state and said "No woman is feeling safe, no parent is feeling safe about their girl-children". In an interview with ANI news agency, a BJP candidate from Haveri Lok Sabha constituency, "There is a big question on women's safety. There was an incident of a Dalit woman being raped when CM was in town in Belgaum.

Mumbai, India April 29, 2024: NPST, a leading provider of digital banking and payment technology solutions listed on the NSE SME exchange, announced strong fourth quarter and full-year results for FY 2024. Buoyed by a winning combination of favourable growth in digital payments, as well as its innovative technology solutions and expanding customer base, NPST reported significant increases in both revenue and net profit. The consolidated FY 2024 annual revenue surged by 216% to ₹130.08 crore, up from ₹41.13 crore in FY 2023.

India Meteorological Department (IMD) predicted heatwave conditions at isolated locations in Mumbai, Thane, and Raigad on Monday. Independent weather forecaster Abhijit Modak, who runs the Konkan weather blog, mentioned that Sunday's temperature spike was due to a dry northerly/northeasterly land breeze influenced by the seasonal high-pressure area over the north-central Arabian Sea. However, no heatwave warning is in effect for April 30, although hot and humid conditions are expected in the same areas.

Everest have come under scanner after Hong Kong and Singapore banned their spices due to “quality concerns". The health authorities in both Singapore and Hong Kong found cancer-causing pesticide called “ethylene oxide" in these masalas. It is pertinent to note that the International Agency for Research on Cancer has identified ethylene oxide as a major carcinogen.

Dolly Khanna's latest portfolio: Dolly Khanna is one of those Indian stock market investors who is known for betting high on small-cap stocks that tend to outperform major Indian indices by a huge margin. So, a good number of retail investors follow her portfolio and keep track of her investment moves. For such investors, there is a piece of the latest stock market update.

BRISKPE, a Mumbai-based cross-border payments platform working on simplifying global payments for MSMEs. This investment underscores the importance of seamless international payments as part of PayU India’s strategy. PayU says it is committed to partnering with BRISKPE to meet the Indian government’s vision of reaching $2 trillion in exports by 2030. PayU will continue to invest in accelerating the adoption and simplify cross-border payments for multiple cohorts by adhering to new regulatory licenses like PA-CB. Vijay Agicha, Chief Investment Officer, PayU, said in a statement, “BRISKPE's alignment with our cross-border payment strategy and focus on compliance highlights a symbiotic partnership. With BRISKPE’s top-notch management team, expertise in digital-first business models and banking systems, we're excited to actively participate in shaping their future growth. We're optimistic about the potential in cross-border payments and remain committed to driving economic growth in India."

In a recent interview at the American Center, US Ambassador to India, Eric Garcetti, highlighted the United States' commitment to expediting the visa process for Indian students. This reflects a broader strategy to strengthen people-to-people ties, recognizing their significance in fostering long-lasting relationships between the two nations. Garcetti noted that US President Joe Biden instructed him to reduce visa wait times for Indians, underscoring the high priority given to this matter. «It's the first time, I think, in American history that a President has told an ambassador to get those visa waiting times down,» Garcetti remarked. The US Mission is working to ensure that more Indian students can pursue education in the US, anticipating an increase in visa applications this year.

Arvind Kejriwal's reign as the Delhi Chief Minister as nation's top officials including Delhi High Court and Prime Minister Narendra Modi have criticised him running his office from Tihar jail. PM Modi in an interview to TOI said that he felt «other politicians won't be so lacking in morals.» «I think it is the media's responsibility to show the people the full perspective on this (Kejriwal) issue, how people of Delhi are suffering, and what the courts have said about the case,» Modi said when asked about a sitting Chief Minister being in jail.

BSE tumbled 19% to Rs 2,612 in Monday's trade on NSE after the Securities and Exchange Board of India (Sebi) asked BSE to pay a regulatory fee to the former based on the annual turnover fee considering «notional value» in the case of the options contract. This is the biggest single-day drop the stock has seen since its listing in 2017. BSE in its filing to the exchanges on Friday stated that the regulator has also asked the company to pay a differential regulatory fee for the past periods with the applicable interest of 15% per annum on the amount remaining unpaid or belatedly paid or short paid for every month of delay.

home/flat/apartment/bungalow, etc you have to pay a booking amount before finalising the deal. It is intended to put some cost to cancellation of the deal because backing out creates problems for the builder and the home buyer. For the builder, it means he/she has to spend resources again to find a new buyer. For the home buyer, it means he/she may lose out on the booking amount which was initially given to the builder for booking the said home. So, what happens if a buyer has to cancel the booking due to an unavoidable reason? As per an ET Wealth Online report last week, a similar incident happened when a home buyer backed out of the purchase deal, and the builder forfeited the entire Rs 5 lakh that was given as a booking amount. Read more about how MahaRERA rescued this buyer.

Alkem Laboratories Ltd.(up 1.99 per cent), Zydus Lifesciences Ltd.(up 1.87 per cent), Sun Pharmaceutical Industries Ltd.(up 1.24 per cent), Lupin Ltd.(up 1.13 per cent) and Aurobindo Pharma Ltd.(up 1.03 per cent) were among the top gainers.

MphasiS Ltd.(up 2.41 per cent), Tech Mahindra Ltd.(up 1.35 per cent), Tata Consultancy Services Ltd.(up 0.68 per cent), Coforge Ltd.(up 0.24 per cent) and Infosys Ltd.(up 0.13 per cent) were among the top gainers.

On the BSE, Forbes Company(down 9.32 per cent), Superior Ind(down 8.99 per cent), Megri Soft(down 8.93 per cent), India Lease Dev(down 8.73 per cent) and Neil Industries(down 8.44 per cent) were among the stocks that plunged over 5 per cent during the session.

Au Small Finance Bank Ltd.(up 2.81 per cent), IndusInd Bank Ltd.(up 2.24 per cent), ICICI Bank Ltd.(up 2.17 per cent), Kotak Mahindra Bank Ltd.(up 1.56 per cent) and Axis Bank Ltd.(up 1.48 per cent) were among the top gainers.

Dangee Dums Ltd.(up 8.99%), Mrs. Bectors Food Specialities Ltd.(up 4.07%), Bajaj Consumer Care Ltd.(up 1.92%), Gillette India Ltd.(up 1.63%), JHS Svendgaard Laboratories Ltd.(up 1.13%), Jyothy Labs Ltd.(up 0.99%), Varun Beverages Ltd.(up 0.98%), Nestle India Ltd.(up 0.93%), Euro India Fresh Foods Ltd.(up 0.64%) and Hindustan Foods Ltd.(up 0.60%) were among the top gainers.

Indian Oil Corporation Ltd. gained 2.73 per cent to Rs 176.25 at 10:20AM (IST) in Monday's trade. The counter has hit a high of Rs 177.2 and low of Rs 172.3 so far during the session. The stock had closed at Rs 171.55 in the previous session. The counter has had a total traded volume of 1352524 shares so far with a value of Rs 23.64 crore on the NSE. It traded at a price-to-earnings multiple of 5.13 and a price-to-book ratio of 0.77.

FMCG companies — Hindustan Unilever (HUL), Tata Consumer Products (TCPL) and Nestle India — declared March quarter results. Here are key takeaways: Margins & Volumes While volume growth was tepid to modest for the three companies, gross margins have expanded. Margin expansion has been achieved through better operational efficiency or productivity gains. Taking price rises, lowering ad spends and rationalising costs are the various levers used.

Muslims has dropped, while alleging the Prime Minister is spreading lies to infuse hate among Hindus. “PM Modi says that Muslims have more kids, but the government's data itself reveals that the fertility rate has been declined among them. Muslims use the condoms the most.