India Financial News

Direct link to apply: https://jeeadv.nic.in/applicant Indian Institute of Technology Madras (IIT Madras) has started the application process for Joint Entrance Examination Advanced (JEE Advanced 2024) at the official website, jeeadv.ac.in.

Bengaluru, known for its charming climate, is currently facing an unusually hot summer, registering 38 degrees Celsius on Saturday, making it the fourth hottest April day on record. Last week, it experienced its third hottest April day but received a brief respite from the heat with some rainfall. However, the sunny weather persisted, leaving residents wondering when relief will come. Nonetheless, the India Meteorological Department (IMD) offers hope, predicting rainfall in May.

market valuation of six of the top-10 most valued firms increased Rs 1,30,734.57 crore last week, with State Bank of India and ICICI Bank emerging as the biggest gainers in line with an overall positive trend in equities. Last week, the BSE benchmark advanced 641.83 points or 0.87 per cent.

Malayalam film 'Manjummel Boys,' directed by Chidambaram and starring Soubin Shahir, Sreenath Bhasi, Balu Varghese, and Ganapathi, among others, is gearing up for its OTT release on Disney+ Hotstar. The film, known for its gripping narrative and stellar performances, will start streaming from May 5 onwards in multiple languages, including Hindi, Malayalam, Tamil, Telugu, and Kannada.

Aamir Khan recently graced the screens of 'The Great Indian Kapil Show,' where he shared a side-splitting incident from his past. During the episode, Aamir reminisced about the time his ex-wife Reena Dutta took him by surprise during their son Junaid's birth. As the conversation veered towards Aamir's keen observations as an actor, he delved into a personal memory.

Tesla CEO Elon Musk landed in Beijing on Sunday, a flight tracking app showed, as two people with knowledge of the matter said the billionaire was kicking off a surprise visit to the automaker's second-biggest market. Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving (FSD) software in China and to obtain approval to transfer data collected in the country abroad to train algorithms for its autonomous driving technologies, one of the people said. Tesla has since 2021 stored all data collected by its Chinese fleet in Shanghai as required by Chinese regulators and has not transferred any back to the United States.

India's dependence on Chinese industrial goods like telecom, machinery and electronics, Beijing's share in New Delhi's imports of such goods rose to 30 per cent from 21 per cent in the last 15 years, a report said. According to the report by the economic think tank Global Trade Research Initiative (GTRI), the growing trade deficit with China is a cause of concern, and the strategic implications of this dependency are profound, affecting not only economic but also national security dimensions. From 2019 to 2024, India's exports to China have stagnated at around USD 16 billion annually, while imports from China have surged from USD 70.3 billion in 2018-19 to over USD 101 billion in 2023-24, resulting in a cumulative trade deficit exceeding USD 387 billion over five years. The Indian government and industries must evaluate and potentially recalibrate their import strategies, fostering more diversified and resilient supply chains, GTRI founder Ajay Srivastava said.

Balthu Chutney’s story was probably first documented in print in the Mangalore Magazine, published by St Aloysius College (established 1880). Starting in the June 1899 issue and written in first person, it described how Balthu, or Balthasar, a young Christian from near Mangalore, made his way to Chennapatnam (Madras), where he became a cook for the Jesuits. It was an era when Hyder Ali had become the dominant power in South India. The Jesuits were taken to his camp, where they were produced before his 17-year-old son Tipu (which would date this to 1768). By chance on that day, the only food available for the sultan and his son was a basic pilau. Balthu quickly made a chutney that was so tasty that they commended him. Balthu said that he could make a vast variety of chutneys and was ready to serve the royal family. Despite being a practising Catholic, “I was there and then named royal chutney manufacturer.” He was later able to use this privileged position to help the around 60,000 Mangalore Catholics who were taken prisoner to Seringapatam in 1784 for their alleged treachery in supporting the British.

India Today, when the person filming the video informed the alleged culprit that the police were on their way, he quickly lifted his wife, placed her on the two-wheeler, and fled the scene. The Greater Chennai Police in a tweet on X shared an update and said that FIR has been registered and Roshan has been arrested and being investigated. The police responded to the tweet by Dr Karthik Kuppan who is a member of AIADMK party in the state.

ICICI Securities, from Indian stock exchanges, according to report by The Economic Times. In the previous month, approximately 72% of shareholders gave their approval for the scheme of arrangement facilitating the merger of ICICI Securities with its parent company, ICICI Bank.

Stock Market News: Following a five-day surge, the domestic benchmark indices, the Sensex and Nifty 50, buckled under selling pressure on Friday as investors reduced their exposure to banking, and financial stocks amid mixed global cues. According to reports, traders stated that continuing outflows of foreign funds, a falling rupee, and rising global crude prices further weighed on sentiments. Sectoral indices were mixed bag; the Nifty Consumer Durables index finished 1.72% higher than the Nifty Financial Services index, which ended 0.89% lower.

Sanju Samson led from the front on Sunday with a blistering knock of 71 off 33 balls to guide his team to a comfortable 7-wicket win over LSG in Lucknow. Meanwhile, LSG captain KL Rahul (76 off 48 balls) also scored a half-century, but his innings was far less impactful than his counterpart's. In fact, the RR skipper has been in superb form this season, amassing 385 runs in the 9 matches so far at a strike rate of 161.09 and an excellent average of 77.

Also Read | India slams US report on ‘rights issue’ in Manipur, BBC raids: ‘Deeply biased, reflects very poor understanding’ "The Election Commission of India has, under Sections 58(2) and 58A(2) of the Representation of the People Act, 1951, directed that the poll taken on April 26, 2024 (Friday) in respect of 6 polling stations listed in the table below of 2- Outer Manipur (ST) Parliamentary Constituency to be void and appointed April 30, 2024 (Tuesday) as the date for taking fresh poll at the said polling stations with hours of poll from 7:00 AM to 4:00 PM," an official statement said, as quoted by PTI. On the day of the vote, several stations reported damages to the EVMs and VVPATs before the voting process could be completed.

Sundaram Alternates, mentions that India is moving in the direction of North American markets where alternate credit is 75-80% of all risk financing versus exactly the opposite in India. “Proof of the pudding as far as private credit is that the AIF Cat II industry has grown from zero in 2013-14 to ₹6 lakh crores today! The AIF industry as a whole is approx.

Also Read | India seeks 'root cause of rejection' from Singapore, Hong Kong over ban on Everest, MDH masala The CFS issued a warning against the sale and purchase of MDH's Madras Curry Powder and Sambhar Masala, as well as Everest's Fish Curry Masala. In response, MDH stated, "We have not been approached by food safety authorities in either Hong Kong or Singapore about these findings." Also Read | Do MDH, Everest masala cause cancer? Why have Hong Kong, Singapore banned some Indian spices? Explained MDH reassured consumers, stating, "We do not use ethylene oxide at any stage of our spice production.

Nifty Bank index has given only 12.41% returns compared to 25.89% returns by the Nifty 50 index. Beneath this underperformance lies a story. Let us explore it in detail: Investors preferred public sector banks (BPSUs) to private sector banks. BPSUs largely finance institutional and corporate borrowers and private sector banks are known for catering retail credit needs. Despite strong credit offtake, stocks of private sector banks did not do well. There is a reason. Private sector banks were richly valued compared to BPSUs. In a high interest rate regime, value conscious investors preferred to stick to BPSU. The PSU rally also improved the sentiment around PSU bank stocks. However, these stocks have a relatively low weight (around 15%) in the Nifty Bank index. Hence the positive impact on Nifty Bank Index was not as much.

Mumbai Indians' wicketkeeper-batter Ishan Kishan has been reprimanded and fined 10 per cent of his match fees for breaching the IPL Code of Conduct during their Indian Premier League (IPL) 2024 match against Delhi Capitals at the Arun Jaitley Stadium, Delhi on Saturday. Kishan committed a Level 1 offence under Article 2.2 of the IPL's Code of Conduct. He admitted to the offence and accepted the Match Referee's sanction. For Level 1 breaches of the Code of Conduct, the Match Referee's decision is final and binding. In the match, Jake Fraser-McGurk's powerful knock, followed by Rasikh Dar Salam, Mukesh Kumar and Khaleel Ahmed's supercharged pace attack helped Delhi Capitals (DC) defeat Mumbai Indians by 10 runs in their Indian Premier League (IPL) 2024 match here at the Arun Jaitley Stadium on Saturday.

AdaniConneX, a 50:50 joint venture between AdEnterprises and EdgeConneX, has established India's largest sustainability linked financing to raise up to USD 1.44 billion. In a press release on Sunday, AdaniConnex said the financing has an initial commitment of USD 875 million, with a feature to extend commitment up to USD 1.44 billion. The transaction takes AdaniConneX's construction financing pool to USD 1.65 billion, building on the maiden construction facility of USD 213 million executed in June 2023.

K Annamalai. That name, however, goes beyond the Saffron party leader's popularity as it has a deep connection to Tamil Nadu's history and socio-cultural dimensions. During the Quit India movement, a foot soldier of Gandhiji, a young man with patriot zeal was at the forefront of the struggle in southern Tamil Nadu. Chinna Annamalai (1920-1980), a star of the freedom movement, cast a spell on people by his oratory. «When he was arrested in 1942 during the Quit India movement, people stormed the prison at Tiruvadanai (Ramanathapuram district) and got him released,» recalls S Ramachandran, noted epigraphist and historian, adding several people were killed in police firing in connected incidents. Subsequently, Chinna Annamalai was jailed and it was C Rajagopalachari who appeared on his behalf in court and he was eventually released from prison. Writer and a pioneering publisher, he was opposed to the Dravidian movement.

ICICI Bank's plan to delist its broking arm ICICI Securities from Indian bourses. ET on April 24 had reported Manu Rishi Guptha would approach the NCLT against the private lenders' plans. As per the scheme, shareholders of ICICI Securities would receive 67 shares of ICICI Bank for every 100 equity shares held in ICICI Securities.

Minority shareholders of ICICI Securities led by Bengaluru-based investment manager Manu Rishi Guptha have filed a class action suit with National Company Law Tribunal (NCLT) against ICICI Bank's bid to delist its broking arm from the Indian bourses. Last month, nearly 72% shareholders approved the scheme of arrangement for the merger of ICICI Securities with its promoter ICICI Bank.