India Financial News

India Women vs Bangladesh Women: Harmanpreet Kaur-led Indian women's cricket team is all set for the 5-match T20 series against Bangladesh women's cricket team, scheduled to kickstart at the Sylhet International Cricket Stadium on Saturday. Ahead of the big match, Bangladesh captain Nigar Sultana opened up around the controversy triggered during their previous clash with India when Harmanpreet Kaur faced a two-match suspension for her outburst on the ground and argument with the umpires. When asked about the controversy, Nigar Sultana said she doesn't know much about the rivalry, and they are not sitting on whatever happened in the past.

Decades before the term ‘Viksit Bharat’ was coined, Rabindranath Tagore’s Gitanjali held out an Indian vision: “Where the mind is without fear and the head is held high; Where knowledge is free; Into that heaven of freedom, my Father, let my country awake." This encapsulates Viksit Bharat. With visible changes in many sectors, India is moving rapidly towards becoming a developed nation by 2047.

ALSO READ: India approves export of 10,000 tonnes of onion each to Sri Lanka, UAE On December 8, 2023, the Indian government had banned export of onions. The ban on export of onions was imposed to ensure adequate domestic supply against the backdrop of estimated lower Kharif and Rabi crops in 2023-24 compared to the previous year.

Bank Holidays in May 2024: Banks will remain closed on THESE 10 days. Check all details here In addition to May 1, the NSE and BSE will be closed on May 20 due to the general elections, specifically when all six Lok Sabha seats in Mumbai are contested in the fifth phase of the seven-phase electoral process. In Maharashtra, Lok Sabha elections are scheduled across five phases.

profitability and asset quality would remain robust in current fiscal reflecting strong economic growth, but they may be compelled to slow down their loan growth as deposits are not growing at a similar pace, S&P Global Ratings has said. In the Asia-Pacific 2Q 2024 Banking Update, S&P Global Ratings Director SSEA Nikita Anand said the agency expects the sector's strong credit growth to moderate to 14 per cent in FY25, from 16 per cent in FY24, if deposit growth, especially retail deposits, remain tepid. Anand said there is a deterioration in loan-to-deposit ratio is every bank, with loan growth being 2-3 percentage points higher than deposit growth. «We expect banks to bring down their loan growth in FY25 and bring it in line with deposit growth. If banks do not do that, they would be paying higher to get wholesale funding, which will impact profitability,» she said at a recent webinar of S&P Global Ratings.

earnings underway, as many as 211 companies will announce their quarterly results this week with some major names in the mix. Investors will be particularly watching out for some major earnings of Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, Adani Energy, Adani Power, Ambuja Cements, Adani Wilmar, Adani Enterprises, Coal India, Titan among others. Here's what's on the earnings calendar this week

election duty can sometimes mean forfeiting one’s own right to vote. This is what some officials, who helped others vote in Bengaluru on Friday, have learnt the hard way. “All of us on the poll duty were supposed to get the ballot papers at our mustering centre on Thursday (April 25), but only some got and they cast their votes. We were told our slips would come later and we kept waiting. They never came,” said a woman officer who worked as presiding officer at a polling station in Immadihalli in Mahadevapura assembly constituency. She was agitated as well as disappointed that polling officials sometimes don’t get the same treatment they are expected to discharge towards voters. One of them said they never get to experience the EVM, but to be denied even paper ballots was not acceptable.

masked men killed a 30-year-old cleric of a mosque in Rajasthan's Ajmer, police said on Sunday. A case has been lodged in the matter and efforts are on to identify and nab the accused, the officials added. The incident took place around 2 am on Saturday when the accused allegedly entered the mosque located in Kanchan Nagar under the Ramganj police station limits and attacked the cleric, Mohammad Tahir, with sticks. Tahir died on the spot while six children were also present inside the mosque when the incident occurred, the police said. The trio allegedly threatened the children not to disclose the matter and took away their mobile phones so that they could not inform anyone or call for help, they said. After the accused fled, the children came out of the mosque and told people about the incident, the police added.

Defence Minister Rajnath Singh on Sunday said talks between India and China are going smoothly and in a good environment, and India will never bow down. Singh, who is in Ahmedabad to campaign for BJP candidates contesting the Lok Sabha elections, said India has become a powerful country from a military standpoint and wants to maintain good relations with its neighbours. «India is no longer a weak India. India has also become a powerful country from a military point of view. We want to maintain good relations with our neighbouring countries,» the minister said when asked about Congress leader Rahul Gandhi's accusation against the Narendra Modi government over Chinese aggression. Talks between India and China are going on smoothly and in a good environment over whatever issues there are, he said.

Vedanta Ltd is likely to see less pressure on cash flows after liability management at the holding company level and is now best placed to ride rising commodity prices, analysts said. Improved performance in aluminium, power and zinc enabled the company to turn in EBITDA of Rs 87,600 crore in the January-March quarter, up by 4 per cent quarter-on-quarter. The improved performance was attributable to lower cost of production in aluminium and zinc and higher sales volume, partially offset by softer zinc prices. Despite marginal delays, Vedanta is set to complete its alumina/aluminium/ international zinc expansion during the current fiscal year (FY25), which will provide visibility around volume growth and cost reduction FY26 onwards. The start of coal mines in FY26 shall further lower its aluminium cost of production. In a post earnings note, Nuvama Institutional Equities said management is moving ahead to demerge the businesses by end of current fiscal (April 2024 to March 2025). The vertical split of its businesses into six listed entities can yield Vedanta higher-than-the-current value.

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firefighting operation in Uttarakhand's forests with the help of an Indian Air Force (IAF) helicopter continued for the second day on Sunday with the blaze brought to control in several areas, officials said. Efforts have also intensified to extinguish the raging forest fires in the state, especially in the worst-affected areas of Nainital, Haldwani and Ramnagar forest divisions, forest officials said on Sunday. The forest fires are gradually being controlled with the flames already doused in many areas. The fires in Marora and Khanana civil areas in Maniknath range of the Narendranagar forest division have been completely extinguished, they said. The forest blaze in Nainital and adjoining areas is gradually being brought under control after the deployment of an IAF helicopter for the firefighting operations on Saturday morning, Chief Minister Pushkar Singh Dhami said after reviewing the situation in the Kumaon region on Saturday night.

steel imports continue to surge, Tata Steel CEO T V Narendran has said there is a need to be watchful about the situation. The comment comes at a time when India has reported a 38 per cent surge in steel imports to 8.319 million tonnes, becoming a net importer of the commodity during the 2023-24 financial year. Speaking to PTI, the industry executive said, «It would be a pity if the situation continues in the long run. We have to be watchful about imports.» As long as it is unfair imports, the government needs to deal with it, Narendran said without elaborating further.

PM Narendra Modi runs a government for billionaires from Delhi, Chief Minister Naveen Patnaik leads a dispensation that works for "select people" in Odisha. Taking a dig at Patnaik, Gandhi said that though he was the chief minister, the BJD government in the state was being run by his aide VK Pandian. Also Read | PM Modi's look-alike sells Pani Puri in Gujarat; netizens react, ‘Low budget Modi’ In an apparent reference to PM Modi, Gandhi said, "Uncle-ji and Naveen-babu have given Odisha PAANN, meaning Pandian, Amit Shah, Narendra Modi, Naveen Patnaik.

₹1,000 crore in the fiscal year 2024-25. This decision comes alongside the brand's expansion into international markets and the exploration of new product categories, Varun Gupta, one of its co-founders, told news agency PTI in an interview. Gupta further revealed the details about his vision to make the Indian company global, listing out the homegrown brand, and his ambitious targets for this fiscal year.

'Congress manifesto has acquired a new stature': Chidambaram thanks PM Modi "The Congress' promises on taxation are quite clear: Bring an era of transparency, equity, clarity and impartial tax administration of Direct Taxes; Maintain stable personal income tax rates for the term of 5 years; Lessen the burden of tax on MSMEs," Chidambaram said. He further said that Congress promises to end the duplicitous 'cess' Raj of the Modi government and shopkeepers and retail businesses will be given significant tax relief and GST 2.0 will be introduced.

Also read: Why should women understand and manage personal finance? In 2000, when India was the 13th largest economy, the Sensex reached its all-time high of 5,934 points. Ten years later, when India became the 10th largest economy, the Sensex had notched 21,005. In 2020, when we were the sixth largest, the all-time high was 47,751.

Adani Enterprises, Tata Chemicals, Dabur India, Titan, Ultratech, Indian Oil Corporation and others. Also read: Tesla CEO Elon Musk's unannounced Beijing visit targets FSD approval, international data collaboration The forthcoming announcements are anticipated to encompass a wide array of industries, providing insights into the broader economic landscape.

NEW DELHI : Indian hotel companies booked record profits in the just concluded financial year riding the long tail of revenge tourism. But this summer’s delivered a reality check. Large hotel chains including Hyatt, Marriott and Taj face a double whammy this year as they navigate a scorching summer as well as seasonal lulls amid the ongoing Lok Sabha election.

Mint. The partnership could be in the form of a memorandum of understanding, similar to the one Bharat 6G signed with the US last September. One of the sources said Bharat 6G and Industry Alliance 6G would sign an agreement soon.

Thailand’s recent crackdown on unauthorized exchanges mirrors the global struggle to balance crypto regulation with innovation. Meanwhile, Milei Moneda’s ($MEDA) presale surge offers investors a unique blend of defiance, economics, and humor in the crypto sphere.