India Financial News

U.S. Food and Drug Administration (FDA) is gathering information on products of Indian spice makers MDH and Everest after Hong Kong halted sales of some of their products for allegedly containing high levels of a cancer-causing pesticide. «The FDA is aware of the reports and is gathering additional information about the situation,» an FDA spokesperson told Reuters on Friday. Hong Kong this month suspended sales of three MDH spice blends and an Everest spice mix for fish curries. Singapore ordered a recall of the Everest spice mix, saying it contains high levels of ethylene oxide, which is unfit for human consumption and a cancer risk with long exposure.

Bharatiya Janata Party (BJP) leader and the former Madhya Pradesh Chief Minister Shivraj Singh Chouhan slammed Indian Overseas Congress chairman Sam Pitroda, for his comments on inheritance tax. As reported by ANI, Chouhan stated that India's culture, traditions, and moral values differ from America. Addressing a public rally in Raisen, Shivraj Singh Chouhan said, “In a country like America, there is a provision that after death, the government (US) takes away 55% of the property.

IT stocks to buy on Monday: After the declaration of Q4 results 2024 by the Indian IT majors like Tata Consultancy Services (TCS), Infosys, Wipro, and HCL Technologies, it might become tricky for an investor to fish out the value pick in the IT segment. To clear the confusion for investors stuck among the shares of TCS, Infosys, Wipro, and HCL Tech, stock market experts say that TCS Q4 results have outperformed Wipro, Infosys, and HCL Tech results.

₹6,500 crore. Despite plenty of turbulence for the NBFC sector in the years after Kinara was founded, assets under management for the NBFC grew 150% between fiscal 2022 and the quarter ended December 2023. Assets under management as of February 2024 was ₹3,113 crore.

Brij Bhushan's plea for further probe in harassment case rejected, verdict on... The Ministry of Home Affairs (MHA) has accepted the recommendation of the Union Public Service Commission (UPSC) to dismiss Deputy Inspector General Khajan Singh. The CRPF headquarters accepted the probe report prepared by the internal committee and forwarded it to the UPSC and the MHA for taking appropriate disciplinary action. The UPSC and the MHA have hence issued orders for dismissal against the DIG.

Weather update today: IMD issues red alert for heatwave in THESE states The News Himachal reported that rainfall will occur in several districts of Himachal Pradesh till April 30. The weather monitoring agency also predicted hailstorms in Shimla, Solan, Kullu, Sirmaur, Chamba, Kangra, Bilaspur, and Mandi districts in the coming days.

Read more Alphabet Inc. closed decisively above a $2 trillion market capitalization for the first time on Friday. The $2 trillion milestone followed the company’s results, where revenue beat expectations on the strength of its cloud-computing unit.

KKR and PBKS will certainly go down in the history books as a reminder to teams that even a 250-plus total is not safe target in the tournament anymore. The match featured 42 sixes and all four openers went past the 50-run mark.

ICICI Bank Q4 results 2024 preview: Amid speculations of weak quarterly numbers from the Indian banks in Q4FFY24, ICICI Bank is going to declare its Q4 results 2024 today. According to market experts, the private lender may see a rise in net profit and net interest income on a rise in loan books and improved asset quality.

JNK India last week, the primary market is back to hibernation in the mainboard segment as there are no fresh public offers opening next weekend. However, 3 SME issues and 4 listings are still going to grab investors' attention. The public offer of JNK India, which received a healthy subscription of over 28 times, will also see its shares listed at the bourses.

In recent years, many young Indians have been choosing to start investments with stocks, mutual funds, and ETFs as they seek to build wealth and secure their financial futures through diversified portfolios.

If you are planning to buy a house and looking for a home loan for the same, you would ideally be looking not only for a bank that can give you money as early as possible but also the one that charges a low rate of interest.

Lok Sabha elections 2024. Meanwhile, YES Bank is scheduled to announce its quarterly and financial year results for the period ending March 31, 2024. Find below the top events today: Congress general secretary Priyanka Gandhi Vadra is set to hold a campaign rally in Maharashtra's Latur district on Saturday to support Dr.

Singapore Food Agency also directed a recall of a spice mix produced by Everest. In June 2023, the US Food and Drug Administration (FDA) had ordered a recall of spice mixes of Everest and Maggi Masala-ae-Magic as it found those contaminated with Salmonella bacteria. A few years earlier, in September 2019, a batch of MDH’s spice mix had been recalled for the same reason.

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₹9.62 for Q1 which increased by 24.51% Y-o-Y. Nestle India has delivered 4.06% return in the last 1 week, 8.84% return in the last 6 months, and -3.59% YTD return.

₹8.87 crore in profit. It is impressive to note that Enkei Wheels India managed to turn around its performance from a loss of ₹4.4 crore in the same period last fiscal year.

Vodafone Idea on Friday through open market transaction. As many as 144 crore shares were sold by the ATC Telecom at ₹12.78 a share, valuing the deal at ₹1,840 crore. Citigroup Global bought shares worth ₹611 crore through bulk deals, while rest of the buyers were unknown. Shares of Vodafone gained about a percent on Friday to close at ₹14.01 apiece. Last month, ATC had converted the debentures allotted by Vodafone Idea into equity. In February2023, Vi had allotted OCDs worth ₹1,600 crore to ATC's India unit against its dues. Vi was then estimated to owe ATC around ₹2,000 crore.

Sandeshkhali, in connection with the attack on the Enforcement Directorate officials on January 5 by followers of now suspended Trinamool leader Shahjahan Sheikh. National Security Guard's Bomb Disposal Squad was also called in to the spot and crude bombs were diffused in the area today. The CBI, in the Calcutta High Court-monitored probe, is already investigating an attack on the ED team by a mob allegedly instigated by Sheikh and all the land grab and torture on women related cases.

India's state-run firms' output from overseas oil and gas fields marginally rose in 2023-24 after declining for four straight years. The output, however, remained a fifth below the peak of 2018-19 as producing fields matured and no new overseas assets were acquired in recent years. The share of India's state companies in oil and gas production from overseas fields increased to 19.9 million metric tonnes of oil equivalent (MMTOE) in 2023-24 from 19.5 MMTOE in the previous year. Production at Russia's Skahalin-1 project normalised during the financial year, after being badly affected in 2022 following the launch of the Russia-Ukraine war. ONGC Videsh, India's largest investor in overseas oil and gas fields, has a stake in Sakhalin-1, where production had nearly halted for some time following the exit of its operator Exxon, industry executives said.

Pakistan for political gain during elections, and rejected their claims made over Jammu and Kashmir. “Indian politicians to cease their reckless practice of dragging Pakistan into India’s populist public discourse for electoral motives," she said. “We are witnessing an alarming surge in provocative statements from Indian leaders asserting unwarranted claims on Jammu and Kashmir.