India Financial News

mutual fund scheme Mirae Asset NYSE FANG+ETF FoF-Reg(G) delivered nearly 20% returns in the January-March quarter outperforming its peers in this category in the said period. The returns were higher not just against those domestic funds which invest in Indian equities but also those which invest in overseas stocks. As per the data available with Amfi, the number of thematic funds at the end of March stood at 160 which includes global, MNC and overseas fund-of-funds. The average returns delivered by this category in the January-March quarter stood at 5.10%.

pilot of Singapore Airlines. The man is said to be a 24-year-old youth from Gautam Budh Nagar, Uttar Pradesh. He was booked for posing as a pilot with Singapore Airlines in front of CISF personnel. The CISF is in charge of airport security across the country.

Lok Sabha Elections 2024, Google has marked the second phase of this monumental event with a symbolic gesture on its homepage. On Friday, Google unveiled a doodle featuring an inked index finger, symbolizing the act of voting, a cornerstone of Indian democracy.

«I think the overriding is that the strong earnings growth in India and the fact that it is the domestic investors who are deciding the direction of the market much more than in the past when it was foreigners who would be held back by investing in emerging markets because they were worried about a stronger dollar. So, I feel same as I felt two years ago that it is still a good market,» says Mark Matthews, Julius Baer. Now, May is likely to be a very hectic month, full of data points, especially global mixed data points coming out of US. Here, we are already looking at progress of monsoon, earnings, and polls. What is your current positioning as far as Indian markets go? Well, we have been bulls on India for, I guess, around two years now and there is no change to that view. Of course, emerging markets are often slowed down by a stronger dollar and we have had a stronger dollar up until a couple of days ago.

GAIL (India) Ltd. traded 0.52 per cent up at Rs 209.15 at around 12:17PM (IST) on Friday. The stock had closed at Rs 208.05 in the previous session. Equity benchmark Sensex traded 195.49 points lower at 74143.95 around the same time.

Nestle India’s share price fell on Friday to the day’s low of Rs 2,511.60, dropping 2% after the company declared its Q4 results on Thursday. The standalone net profit rose 27% year-on-year (YoY) to Rs 934 crore for the March quarter as compared to Rs 737 crore a year ago.

Colgate-Palmolive (India) Ltd. traded 0.9 per cent up in Friday's trade at 12:07PM (IST). Around 3,943 shares changed hands on the counter. The stock opened at Rs 2794.05 and touched an intraday high and low of Rs 2840.15 and Rs 2791.45, respectively, in the session so far. Shares of the company of Colgate-Palmolive (India) Ltd. quoted a 52-week high of Rs 2840.15 and a 52-week low of Rs 1535.85.

investment firm Capria Ventures has concluded the fundraising for its India Opportunity Fund at Rs 153 crore (around $19 million). Previously known as Unitus Ventures, Capria had announced the first close of the fund at Rs 80 crore in February 2023.

mutual funds have offered an average return of 16.52% in the last three years, data crunching by ETMutualFunds showed. There were around 10 mutual fund schemes in the ESG theme based mutual fund category which includes both active and passive funds. Quant ESG Equity Fund, the topper in the category, gave 31.58% return in the last three years. ICICI Prudential ESG Exclusionary Strategy Fund offered 17.40% return in the said time period. SBI ESG Exclusionary Strategy Fund gave 16.63% return in a five year period. Both these schemes follow Exclusionary Strategy after Sebi introduced five new sub-categories.

In Telangana, eight Lok Sabha candidates have disclosed family assets exceeding Rs 100 crore, with K Vishweshawar Reddy, the BJP contender from Chevella, leading with Rs 4,568 crore. Notably, the top three wealthiest candidates are all vying for the Chevella Lok Sabha seat. Ranjit Reddy, the Congress candidate from Chevella, ranks second with family assets valued at Rs 435.33 crore, including Rs 23 crore in liabilities. His family has Rs 294.33 crore worth movable assets while immovable at Rs 141 crore.

Narendra Modi wants to export India’s digital payments system to the world. That plan now risks stumbling as clunky technology used by Indian lenders fails to keep up with his ambitions. In recent years, the fastest-growing major economy has invested in a vast ecosystem of technologies to increase financial inclusion and pull hundreds of millions of Indians into the digital marketplace. Today, the nation’s homegrown payments system, United Payments Interface, or UPI, is used to pay for practically everything, from expensive jewelry to a 10-rupee cup of piping hot tea. Also Read: RBI asks Kotak Mahindra Bank to stop issuing fresh credit cards, onboarding fresh customers via mobile banking

The company’s EBIT margin stood at 17.1% for the quarter ended March and the board has recommended a final dividend of Rs 33 per share.

The NSE Nifty index was trading 20.35 points down at 22550.0, while BSE Sensex was down 100.28 points at 74239.16 at the time of writing this report.

Domestic benchmark index NSE Nifty fell 50.7 points to 22519.65, while the BSE Sensex traded 207.09 points down at 74132.35.

Lexus Granito(India)Ltd.(up 9.87%), Gujarat Mineral Development Corporation Ltd.(up 4.06%), 20 Microns Ltd.(up 3.48%), The Orissa Minerals Development Company Ltd.(up 2.24%), NMDC Ltd.(up 1.39%), Madhav Marbles & Granites Ltd.(up 1.18%), Aro Granite Industries Ltd.(up 0.46%), KIOCL Ltd.(up 0.45%), Coal India Ltd.(up 0.44%) and Ashapura Minechem Ltd.(up 0.38%) were among the top gainers.

BJP candidate from Bengaluru South constituency, Tejasvi Surya, cast his vote in Bengaluru on Friday and stated that the Congress party may not win more than 30 seats in the Lok Sabha polls. While speaking to after casting his vote, he stated that surveys consistently show that the Congress party may not win more than 30 seats. «Congress party has become absolutely frustrated. Survey after survey shows that it may not win more than 30 seats… The more personal attacks and baseless allegations they make against the PM, history has shown that the Prime Minister has only gotten stronger and the BJP has only gotten more popular,» he said.

Vodafone Idea is under the F&O trade ban on Friday while Aditya Birla Fashion & Retail (ABFRL), state-run Steel Authority of India (SAIL) and Hindustan Copper have moved out of the ban. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban is reversed only if the open interest falls below 80%.

Election Commission of India (ECI) to immediately establish a mechanism enabling arrested political party leaders or candidates to continue campaigning during elections. According to the plea, politicians could potentially campaign via video conferencing. The PIL was lodged by a final-year law student from Jamia Millia Islamia, following the arrest of Delhi Chief Minister Arvind Kejriwal due to alleged irregularities in a liquor policy case.

If you've been hesitant to jump in, you're not alone – but the longer you wait, the more you might be missing out. Fortunately, a range of intuitive apps now simplify cryptocurrency investing. We'll assess a selection of top cryptocurrency apps in India, breaking down the key criteria that a novice investor should consider.

Q4 results 2024 today: Shares of Maruti Suzuki India Ltd (MSIL) will be in focus when the Indian stock market opens today. The Indian auto major has informed exchanges that its board of directors is going to consider and approve Q4 results 2024 on 26th April 2024 i.e.

inheritance tax is implemented and the country will go back to the era when Congress imposed a 90% tax. The senior BJP leader stated that the inheritance tax directly hits the middle and aspirational classes as their hard work is saved in small savings from which they buy a house.