India Financial News

Rohit Jawa is clear about the job at hand, which is to nudge India's largest consumer goods company to move “faster than the clock speed of India". Before taking over the corner room of HUL in June 2023, Jawa, 57, served as chief of transformation for Unilever in London, where he piloted the company's end-to-end transformation from January 2022. Jawa expressed surprise at the pace of change in India in an interview late last week, a day after HUL announced its earnings for the fourth quarter, where the company reported a 2% jump in underlying volumes, similar to the previous two quarters.

MUMBAI : April's subdued stock market volatility that has remained lower than in regular election years may just be the calm before the storm. Outstanding positions in marketwide futures hit a record ₹4.38 trillion on Thursday when the May series of derivatives began, pointing to a volatile month ahead.

Bihar, and Jharkhand for the next three days. HeatwaveIn an official release, IMD said, “Heat Wave to severe heatwave conditions very likely to prevail in many places over Gangetic West Bengal, Odisha and Bihar, in some parts over Jharkhand till 1 May and then heatwave to severe heatwave conditions likely at isolated places over these areas on 2 May.

Will Arvinder Singh Lovely join BJP? Here's what he said "I have only resigned as Delhi Congress chief and I am not joining any political party," he added. Lovely's resignation is a major setback for the embattled Congress party amid Lok Sabha polls. Lovely said he was against the Congress-Aam Aadmi Party (AAP) alliance and the statements of Congress candidates Kanhaiya Kumar and Udit Raj.

Bharatiya Janata Party (BJP) perform in these states under Congress's rule? And what happens if the BJP wins in these three states? The answer may (or may not) lie in the performances in previous elections. It is a well-known fact that the results of Lok Sabha polls is not always on the lines of the state assembly polls. Simply put, if one party wins the assembly polls, it doesn't guarantee that the same party will also win the parliamentary polls.

Sensex declined 609.28 points to close at 73,730.16, while the Nifty 50 settled 150.40 points, or 0.67%, lower at 22,419.95. Nifty 50 formed a long negative candle on the daily chart on Friday, just beside the long bull candle of Thursday. Also Read: Indian stock market: 7 key things that changed for market over weekend - Gift Nifty, US inflation to tech stocks rally “This is signaling a formation of bearish dark cloud cover type candle pattern at the highs.

Read here: Week Ahead: Q4 Results, US Fed Policy, Auto sales, global cues among key market triggers this week On Friday, the Indian stock market indices ended sharply lower, snapping their five-day winning streak. The Sensex declined 609.28 points, or 0.82%, to close at 73,730.16, while the Nifty 50 settled 150.40 points, or 0.67%, lower at 22,419.95. “We expect market momentum to resume with a focus on stock-specific action due to the ongoing result season and sector rotation at play.

Buy or sell stocks for today: After rising for five straight sessions, the Indian stock market came under profit-booking stress and ended lower on Friday last week. The Nifty 50 index lost 150 points and closed at the 22,419 level, the BSE Sensex shed 609 points and finished at the 73,730 mark whereas the Bank Nifty index corrected 293 points and ended at the 48,201 level.

Rajnath Singh talks about the security situation, political issues dominating the current elections and the BJP government's performance in a freewheeling discussion at the ET Political Roundtable. Excerpts: On the assessment of elections in the first two phases. As per the assessment, it appears that we will achieve the target of 400 seats. Looking at the atmosphere across the country and the response of the masses and the survey agencies which are working for us, we are confident that we will achieve our target.

Ruturaj Gaikwad missed out on a successive hundred by a whisker but his valiant knock was the driving force which propelled Chennai Super Kings to 212 for three against Sunrisers Hyderabad in the Indian Premier League here on Sunday. Invited to bat, Gaikwad slammed an attractive 98 off 54 balls and was ably supported by Daryl Mitchell, who returned to form with a crucial 32-ball 52 before Shivam Dube's 20-ball 39 not out took CSK past the 200-mark. The 107-run stand between Gaikwad and Mitchell was the cornerstone of CSK's innings as it is their 35th 200-plus total, the most by any side in T20 cricket. Gaikwad was the star of the CSK batting as he hit 10 fours and three sixes in his innings.

security situation in Jammu and Kashmir is «comfortable to hold elections,» defence minister Rajnath Singh told ET, adding that the final decision rests with the Election Commission (EC). EC has decided to hold only Lok Sabha elections — being held across the country in phases until June 1 — in the current poll cycle in the Union Territory. The Supreme Court earlier said Jammu and Kashmir assembly elections should be held by September. These were last held in 2014. «The final decision will be with EC, but we do want polls to take place,» said Singh. «The security situation is comfortable to hold elections. In terms of (security) data, I would say we are 95% there.»

ALSO READ: Virender Sehwag drops Hardik Pandya from his list of India's T20 World Cup squad. Says, ‘he should be…’ “If I were in that team, I wouldn't send him to open. I'll play him at 3.

IMD has forecasted light rainfall on May 2 and 3, which is expected keep the temperatures within this range. The experts have pointed to the El Nino effect and anti-cyclone conditions as the causes behind the intense heatwave in Bengaluru.

ALSO READ: US Fed bets reprice: China, Japan, South Korea and India look attractive On April 30 (Tuesday), reports on employment cost index for first quarter (Q1) and consumer confidence for April will be unveiled. On May 1 (Wednesday), data on ADP employment for April, auto sales for April, and ISM manufacturing for April will be released. On the same day, FOMC (Federal Open Market Committee) interest rate decision will be announced, followed by Fed Chair Jerome Powell’s press conference.

PTI, at a meeting held on Friday the lenders of Reliance Capital have asked IndusInd International Holdings to make a payment of ₹9,650 crore by the due date. ALSO READ: IRDAI raises concern over Hinduja Group-led IIHL bid for Reliance Capital It is to be noted that the National Company Law Tribunal (NCLT)-Mumbai, while approving the resolution plan on February 27, directed the IIHL to implement the resolution plan within 90 days i.e. May 27.

₹50 crore in Indian startups. As part of the initiative, Velumani aims to not only provide financial backing, but also mentorship to promising startups, according to a statement issued by YEA on Sunday. With his wealth of experience and expertise, Velumani plans to handpick seed-stage startups with considerable growth potential, and target entities with at least ₹5 crore in turnover, he said in an interview with Mint.

Musk posted a picture with Qiang and said, "We have known each other now for many years, since early Shanghai days." ALSO READ: Top News Today: Elon Musk's surprise China visit, AdaniConneX securing loans, PM Modi in Karnataka and more Chinese state media reported that the Tesla CEO met Premier Li Qiang in Beijing, during which Li told Musk that Tesla's development in China could be regarded as a successful example of US-China economic and trade cooperation, Reuters reported. During his tour, Musk was expected to discuss the rollout of Full Self-Driving software and permission to transfer data overseas. The US electric vehicle maker rolled out Full Self-Driving, or FSD, the most autonomous version of its Autopilot software, four years ago.

Mint looks at the concept, the pros and cons of implementing it and the outcomes of past attempts. It is a process by which income and wealth is transferred from the rich to the poor through steps such as taxes, land reforms and welfare measures. This is done to bridge economic inequality in the system.

ALSO READ: Karnataka: PM Modi speaks in Hindi during Lok Sabha Election rally; says, 'You don't need words to understand' Adding more, he said, "Do you see the good of the country (happening) with such things? Do you see good in it for you and your children? Will you waste your vote for such a thing? Your vote is precious, please don't waste it even by mistake." Apart from this, PM Modi hit out at Congress alleging the opposition party is committing a huge mistake and a sin by acting against democracy, adding, Congress is distributing OBC reservation to its vote bank. "Congress has put a break on New Education Policy (NEP) in Karnataka which was framed under the leadership of a big scientist from Karnataka and with inputs from more than 20 lakhs of people and after 30 years.

Adani Enterprises and private data centre operator EdgeConneX, said on Sunday it has secured financing from lenders of up to $1.44 billion to build data centres. Meanwhile, Tesla Inc. Chief Executive Officer Elon Musk made a surprise visit to China on Sunday to meet Premier Li Qiang.

GT vs RCB IPL 2024: The veteran players and the internet have some very critical opinions about India's star batter, Virat Kohli, and there is intense debate around his position in the T20 World Cup 2024 squad, but the RCB opener seems steadfast with all the doubts raised about his capabilities. Virat Kohli displayed the power of his intense focus on Sunday as he slammed his fourth half-century in IPL 2024 against Gujarat Titans. The script looks similar in every match now as Virat Kohli's opening partner and RCB skipper Faf du Plessis loses his wicket early, and the burden to steer the team's innings falls on the 'King.' While the critics raise questions about his average strike rate in IPL 2024, Virat Kohli understands the value of his wickets and focuses on weaving partnerships to take the game forward.