India Financial News
26.04 / 19:53
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Amazon Summer Sale: Choose from the best-selling single door refrigerators with discounts up to 30%
refrigerator is an economical option for couples or small families. With a 2-star energy rating, it offers basic cooling needs without the frills of higher-end models. Its compact size makes it suitable for smaller kitchen spaces, and the vibrant Sapphire Blue colour adds a pop of style.
26.04 / 19:53
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'Virat Kohli, Rohit Sharma should consider giving up on...': Yuvraj Singh on T20 World Cup squad
quoted by the International Cricket Council (ICC), suggested Rohit and Kohli should consider giving up on playing T20I cricket after the completion of the T20 World Cup and concentrate on other formats. ALSO READ: 'Virat Kohli is a great player but....': Harbhajan Singh reveals his choice for openers in T20 World Cup squad The former all-rounder reminded fans that Virat and Rohit have been playing for India so long and have the right to make their own decisions. "As you get older, people start talking about your age and they forget about your form.
26.04 / 18:57
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Need dedicated commercial bank to ease credit flow to MSMEs: Industry body to govt
industry body representing micro, small and medium enterprises has pitched for a dedicated commercial bank to ease credit flow to the sector. It has also recommended introduction of a law to address the issue of delayed payments faced by such units. The Federation of Indian Micro and Small & Medium Enterprises (FISME), which represents about two million MSMEs in the country, has in a submission to the government also suggested setting up an equity guarantee fund trust to cover the risks related to equity financing for the sector.
26.04 / 15:17
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Eveready Q4 Results: Company back in black with Rs 8 crore net profit
Eveready Industries India announced a fourth-quarter profit of Rs 8 crore for the period ended March 2024, compared to a loss of Rs 14.39 crore in the corresponding quarter of FY'23, amidst a marginal dip in operational revenue to Rs 281 crore. However, sequentially, the profit saw a marginal decline compared to the December 2023 quarter. The company reported revenues for the full FY24 at Rs 1,314.2 crore, marking a slight decline of one per cent from Rs 1,327.7 crore in FY23. Profit After Tax (PAT) for the year saw a substantial increase of 231 per cent to Rs 66.7 crore in FY'24, against Rs 20.1 crore in FY'23.
26.04 / 14:17
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Delhi HC asks DGCA to deregister all 54 of Go First's leased planes, gives 5 days' time
Go First’s revival prospects, the Delhi High Court on Friday asked the Directorate General of Civil Aviation (DGCA) to deregister all the 54 leased aircraft to the airline and process the lessors' applications for deregistration within five working days. Justice Tara Vitasta Ganju while restraining the carrier’s resolution professional (RP) from operating, accessing or flying these planes handed over the maintenance work of the aircraft back to the lessors. It also restrained the RP from replacing, taking out any accessories, spare parts, documents or any material from the aircraft while directing him to provide up to date information and documentation related to the aircraft to the lessors. The HC also quashed the aviation regulator’s communication against processing the applications of lessors to deregister their leased planes due to a moratorium imposed by the National Company Law Tribunal (NCLT) on the airline's assets.
26.04 / 14:17
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Filing of nomination for 5 Odisha Lok Sabha seats, 35 Assembly segments begins
nomination papers for five Lok Sabha constituencies and 35 Odisha Assembly segments to be held on May 20 started on Friday with the Election Commission of India and Chief Electoral Officer (CEO) issuing the notification in this regard. The five Lok Sabha constituencies are Bargarh, Sundergarh (ST), Bolangir, Kandhamal and Aska Lok Sabha constituencies along with 35 assembly segments under the Lok Sabha constituencies. «As recommended by the Election Commission of India, in pursuance of sub-section (2) of Section 15 of the Representation of the People Act, 1951 (43 of 1951), the Governor of the State of Odisha is, hereby, pleased to call upon...,» the chief secretary said in a notification. As per the notifications, May 3 is the last date for making nominations while scrutiny of nominations will be done on the next day. Candidates can withdraw their nominations on or before May 6.
26.04 / 14:17
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10 Best Inverter Trolleys in India to Organize your Power Backup System (2024)
Additionally, they offer mobility, making it easy to move the entire power backup system as needed. With various designs available online, including plastic and wooden options, users can easily choose the best inverter trolley to suit their specific requirements and preferences. In this comprehensive article, we'll explore a curated selection of the best inverter trolleys, highlighting their features, and why they are indispensable additions to any power backup setup.
26.04 / 14:17
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RBI lays out roadmap for small lenders to achieve universal bank status
criteria that small lenders need to achieve, including performance metrics and market listing, to become a universal bank and provide comprehensive services to both retail and corporate clients. The criteria include a five-year track record of satisfactory performance, a net worth of 10 billion rupees, meeting capital requirements, recent profitability and limited non-performing assets, the Reserve Bank of India (RBI) said. Existing promoters can continue without new additions and approved shareholding plans will remain unchanged, while diversified loan portfolios are favoured, the central bank said.
26.04 / 13:37
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"Munger suffered the most during the Jungle Raj under 'Laalten' rule": PM Modi in Bihar
Munger (Bihar) [India], April 26 (ANI): Hitting out at the Rashtriya Janata Dal in Bihar, Prime Minister Narendra Modi said on Friday that Muger has suffered the most during the «dark era» of "Jungle Raj" in Bihar under the RJD's rule. He added that the Congress and RJD want to «loot» the wealth of the people and give it to their «special vote bank.» Addressing a public meeting in Munger, Bihar, PM Modi said, «There is an NDA model on one side and there is an INDI Alliance model on the other. INDI alliance model is appeasement (tushtikaran) and NDA's model is satisfaction (santushtikaran). We have to ensure that no one is left behind. We gave toilets, gas, electricity connections, and water facilities to our mothers and sisters. We gave free ration and free medical treatment.»
26.04 / 13:25
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Age No Barrier: Senior citizens turn out in force for Lok Sabha Polls Phase 2 in Northeast and Eastern India
Senior citizens, including a 94-year-old woman, exercised their franchise at a polling station in Ukhrul district of Outer Manipur during the second phase of Lok Sabha elections on Friday. Volunteers were on hand to assist the elderly at the polling station as voting got underway for the remaining part of the Outer Manipur parliamentary constituency. Another senior citizen also cast her vote at the polling station with the help of her family members. The voting is being conducted at 857 polling stations across 13 assembly segments in eight districts in the second phase. Meanwhile, in Darjeeling Parliamentary Constituency in West Bengal, another elderly woman expressed her satisfaction with the peaceful conduct of the polling. She remarked, «This has been a very good and peaceful election. For that, we are very grateful to the people and everybody else. The Government should carry on the way they are doing things.» The voter was assisted to the polling station in a wheelchair by volunteers.
26.04 / 13:25
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Vibrant voter participation marks Phase 2 of Lok Sabha Polls across India
Lok Sabha elections 2024 witnessed a vibrant display of democratic spirit as people from various walks of life across India turned up in large numbers to cast their votes. From a groom in Maharashtra to families in Rajasthan and Uttar Pradesh, the turnout was a testament to the commitment towards shaping the nation's future through the ballot. In Maharashtra, Akash, a groom from Amravati, exemplified this commitment by leaving his wedding ceremony to vote. His act of prioritizing civic duty over personal celebrations resonated with many voters. The state, recording a 53.51% turnout by 5 pm, also saw unique instances such as restaurants in Bengaluru offering free food to voters and polling booths in Chhattisgarh decorated like 'mandaps' with traditional marriage rituals on display.
26.04 / 13:25
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J&K: Border residents vote without fear of shelling; raise concern over unemployment
Pakistan shelling amid a ceasefire, people living near the International Border and Line of Control in Jammu thronged the polling stations across Jammu to decide the fate of 22 candidates contesting from the constituency in the second phase of Lok Sabha polls on Friday. According to Chief Electoral Officer (CEO), Jammu and Kashmir Pandurang K Pole, a total of 158 polling stations, out of 2,416, were set up in the border areas in Jammu and Samba districts besides the Kalakote-Sunderbani segment in Rajouri district. The Jammu parliamentary constituency recorded 67.22 per cent polling, while its border segments registered more than 70 per cent polling, till 5 pm. It is likely to maintain its history of high voter turnout as in the last parliamentary elections, the constituency registered about 74 per cent polling. Shelling from across the border has remained a major concern for the border residents and the administration alike but this time the elections are taking place in a peaceful atmosphere owing to a renewed ceasefire between the two countries on February 25, 2021.
26.04 / 12:57
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Demat Account: What is futures trading and how does it work? MintGenie explains
Derivatives represent the most actively traded segment in the Indian stock market, boasting significant volume when compared to the cash segment. This heightened trading activity can be attributed to several factors, including the allure of derivative trading among young investors in India.
26.04 / 10:57
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Maruti Suzuki declares dividend of Rs 125/share
Maruti Suzuki India Limited's (MSIL) board of directors recommended a final dividend of Rs 125 per share for the financial year ended March 31, 2024, taking the dividend payout to Rs 3,930 crore. India's largest passenger today reported a standalone net profit of Rs 3,878 crore for the quarter ended March 31, 2024, which was up by 48% from Rs 2,623.60 crore reported in the year ago period.
26.04 / 10:57
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Watch: Cops arrest couple after stunt on bike as spiderman & spiderwoman goes viral
Delhi Police has arrested two persons, including a woman, under Motor Vehicles Act from Najafgarh after a video went viral on social media in which the duo can be seen doing stunts in the costume of spiderman and spiderwoman. The accused have been identified as Aditya (20) and Anjali (19), both are residents of Najafgarh. «Two persons were riding a bike and wearing Spiderman costumes. An inquiry into the matter was conducted and the riders have been booked under sections different sections of the Motor Vehicle (MV) Act for offences without a helmet, without a mirror, without a licence, dangerous driving and not displaying a number plate etc,» a senior police officer told news wire agency PTI. Delhi police arrested the duo on Friday for various Motor Vehicle Act violations such as riding without a helmet, mirror, license, and displaying no number plate.
26.04 / 10:57
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Evonik India opens new office and research hub in Thane
Evonik India Research Hub (EIRH), in Thane on April 23, 2024. The company said the inauguration ceremony was attended by the Consul General of the Federal Republic of Germany in Mumbai — Dr. Achim Fabig. Evonik India’s new office, spread across 100,000 square feet, will serve as a hub for Evonik's operations in India, providing an inspiring environment for employees to collaborate, innovate, and drive growth, the company said in a statement. Evonik currently employs approximately 850 employees in India in its three entities. The EIRH is a crucial hub for developing new products and technologies catering to the needs of the Indian market and creating products tailored to Indian customers' specific requirements. EIRH will also be a global support center for formulation development in pharmaceuticals, nutraceuticals, and the food industry, the company said.
26.04 / 10:57
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Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 150.4 points down at 22419.95, while BSE Sensex ended down 609.28 points at 73730.16.
26.04 / 10:57
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Delhi HC allows lessors' plea seeking deregistration of all 54 Go First aircraft, restrains carrier from flying them
Delhi High Court on Friday allowed the lessors' plea which sought deregistration of the company's 54 aircraft. The court ordered deregistration of Go First's 54 planes in five working days which were subject matter of the case. The court has also restrained Go First from flying these planes. Indian civil aviation regulator DGCA has been asked to facilitate the export of aircraft and provide certificate of airworthiness.
26.04 / 10:57
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Stock market update: Sugar stocks down as market falls
Ponni Sugars(Erode)Ltd.(up 1.80%), Vishwaraj Sugar Industries Ltd.(up 1.54%), Dhampur Sugar Mills Ltd.(up 0.97%), Balrampur Chini Mills Ltd.(up 0.71%), Triveni Engineering & Industries Ltd.(up 0.67%), Ugar Sugar Works Ltd.(up 0.63%), Rajshree Sugars & Chemicals Ltd.(up 0.31%) and EID Parry(India)Ltd.(up 0.28%) stood among the top gainers.
26.04 / 10:57
26.04 / 10:57
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Introduced nearly 11 years ago to enhance transparency, VVPATs back in focus after SC verdict
Supreme Court's decision on Friday rejecting pleas seeking complete cross-verification of votes cast using EVMs with a Voter Verifiable Paper Audit Trail (VVPAT) has brought the focus back on the paper trail machines. To enhance transparency and verifiability in the poll process, the Conduct of Election Rules, 1961 were amended in 2013 to introduce the use of VVPAT machines. They were first used in the by-election to the Noksen assembly seat in Nagaland. At least one ballot unit, one control unit and one VVPAT make up for an EVM. The tentative cost of an EVM comprised Rs 7,900 per ballot unit, Rs 9,800 per control unit and Rs 16,000 per VVPAT.
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