India Financial News

Will cease to function if forced to break encryption, WhatsApp tells Delhi High Court WhatsApp and its parent firm have challenged Information Technology Rule 4(2) of the 2021 IT (Intermediary Guidelines and Digital Media Ethics Code) that compels "significant social media intermediaries" to "enable the identification of the first originator of the information" which may be required by a court order or other competent authority. WhatsApp has unequivocally said it would not break its end-to-end encryption as it argues it would violate users' privacy.

Joe Biden inked a legislation to ban or force a sale of Chinese app TikTok. While passing the bill, the US Congress members said the app presents a national security threat as long as it is controlled by or connected to ByteDance. However, TikTok has strongly denied the allegations saying it has never share US user data with Beijing and it will never do so.

second phase of Lok Sabha Elections 2024 today, April 26. The seats going to polls today include all 20 Lok Sabha constituencies in Kerala, 14 in Karnataka, 13 in Rajasthan, eight each in Uttar Pradesh and Maharashtra, seven in Madhya Pradesh, five each in Assam and Bihar, three each in West Bengal and Chhattisgarh and one each in Jammu and Kashmir, Manipur and Tripura. Follow Live Updates on Phase 2 Elections Here Congress leaders Rahul Gandhi and Shashi Tharoor, the BJP's youth icon Tejasvi Surya, Union minister Rajeev Chandrasekhar, actor-turned-politicians Hema Malini and Arun Govil, and the speaker in the outgoing Lok Sabha, Om Birla are among 1,210 candidates in the fray in Phase 2 of the Lok Sabha elections.

demat accounts will get the shares. Also Read: JNK India IPO: Issue subscribed 28.13 times on the last day of bidding process led by QIBs, NIIs. Check GMP The initiation of the refund process will start on Monday, April 29, for individuals not given shares.

₹100-crore club today. As per industry tracker Sacnilk's estimates, the Ali Abbas Zafar directorial minted ₹58.54 crore net during its fifteen-day run in theatres. On Thursday, April 25, the film raked in ₹84 lakh net.

Virat Kohli started the innings aggressively with Faf Du Plessis, but after the wicket of his opening partner and the subsequent end of the 6-over powerplay, the veteran batsman seemed more focused on taking singles rather than hitting the big shots. Moreover, the experienced batsman did not hit a single boundary after the 4th over mark and instead scored the next 28 runs of his innings at less than a run a ball even as Rajat Patidar continued to hit the SRH bowlers for boundaries and sixes. Speaking about Kohli's inability to hit the big shots during commentary, Gavaskar said, “It's just been singles, singles and singles from Kohli.

Sam Pitroda sparked discussions on social media and generated increased interest in the concept of inheritance tax, both on social media and in Google searches. Unlike some countries like South Korea, America, and the UK, India currently does not have a system of inheritance tax in place, having abolished the Inheritance or Estate Tax back in 1985. Amid the controversy surrounding inheritance tax, an old video of Zerodha founder Nikhil Kamath, who is also India's youngest billionaire, has also gained traction on social media. In the video, Kamath voiced his support for the implementation of an inheritance tax in India, arguing that it could serve as a means of redistributing wealth across generations. He pointed out that in a country where only a small percentage of the population pays income tax, such a tax could broaden the tax base, providing the government with additional resources for reforms and infrastructure development. “When wealth transfers from one generation to another, there has to be a filter so that a part of it can be redistributed. There is plenty of precedence to inheritance tax," Kamath said.

HDFC Bank, Reliance Industries and IT stocks. The BSE Sensex was trading 87 points or 0.12% higher at 74,424. Nifty50 was trading at 22,598, up 28 points or 0.12% at around 9.23 am.

The Nifty future closed positive with gains of 0.72% at 22575 levels on Thursday. India VIX was up by 4.38% from 10.28 to 10.73 levels.

Lok Sabha elections, Prime Minister Modi on Friday urged people casting their votes in the second phase to turn out in record numbers. He highlighted that a substantial voter turnout serves as a cornerstone of a vibrant democracy, underlining the significance of each individual's contribution to the electoral process. PM Modi also directed a special appeal to the nation's young and female electorate, urging them to exercise their franchise in large numbers.

Zomato, CLSA maintained an underperform rating on ACC, Goldman Sachs recommended a neutral rating on Nestle India and JPMorgan has an underweight rating on Tech Mahindra.

“Investors placed more bullish bets on the monthly F&O expiry day, which saw benchmark indices rally for the fifth straight session led by gains in frontline banking and metal stocks. Even the fall in other Asian and European indices and US Dow Futures witnessing a sharp fall too didn't deter local investors," Prashanth Tapse, Senior Vice President (Research) at Mehta Equities said.

Tata Electronics is now working to internally develop «very sophisticated» and complex high-precision machines used to produce the casing of these iPhone, sources told ET. The company has tied up with two Indian manufacturers to develop capabilities for it and plans to also export these complex machines in the future. So far, the Tatas imported these from China.

Wibmo, a provider of authentication services for online digital payments, is building a complete payment gateway solution. By creating a prepaid issuance stack and a neo-banking solution for banks, Wibmo aims to support digital distribution capabilities of large banks and financial services firms.

interest rate differential between domestic and US sovereign bonds has shrunk to its lowest levels in at least 17 years, an occurrence that textbook theory says should drive foreign capital out of India. Overseas investors, however, are in no mood to shun the world's fastest-growing major economy. If anything, an improvement in India's domestic and external fundamentals, along with events like the inclusion of domestic debt in global bond indices, has prompted foreign investors to pour funds here, a compressed rate differential notwithstanding.

Zomato senior executive Mohit Gupta and Myntra founder Mukesh Bansal have raised $26 million in seed money for their omnichannel fashion startup Lyskraft, making it one of the largest early-stage rounds for an Indian startup amid the ongoing funding crunch. The round was led by Peak XV Partners, formerly Sequoia Capital India, Gupta told ET, adding that the seed money will help the partnership take forward the plan of building an omnichannel play as a marketplace for premium brands, starting with women’s fashion and subsequently expanding into other lifestyle categories.

illicit trade and unmanned aerial vehicle (UAV) transfer on behalf of the Iranian military, the US Department of Treasury said in an official statement. These companies, individuals and vessels have played a key role in financing and facilitating the clandestine sale of Iranian unmanned aerial vehicles (UAVs) to Russia’s war in Ukraine, it said. According to the US Department of Treasury, Sahara Thunder is the main front company that oversees Iran's commercial activities in support of these efforts.

National Register of Citizens (NRC) and the Citizenship Amendment Act (CAA), Silchar is a tough contest in the making. Assam had published an NRC in 2019, which did not feature the names of several residents of Silchar. While the CAA was passed in December 2019, its rules were notified last month just ahead of the announcement of the Lok Sabha Elections 2024 schedule.

2009 Lok Sabha elections: Thiruvananthapuram saw a three-cornered contest between Congress' Shashi Tharoor, who was contesting for the first time from the seat, CPI's P Ramachandran Nair, BSP's A Neelalohithadasan Nadar. Shashi Tharoor won the seat with 326,725 (44.29 per cent votes) defeating CPI's P Ramachandran Nair with a margin of 99,998 votes. The CPI candidate won 226,727 (30.74 per cent votes).

Buy or sell stocks for today: Despite weak global market sentiments on disappointing forecasts from Facebook and Instagram parent Meta, the Indian stock market ended higher for the fifth straight session on Thursday. The Nifty 50 index gained 167 points and closed at a 22,570 level, the BSE Sensex surged 486 points and ended at the 74,399 mark while the Bank Nifty index finished 305 points higher at the 48,494 level. Cash market volumes on the NSE were higher on the monthly F&O expiry day at Rs.

Shares offered in the Vodafone Idea follow on public offer (FPO) listed at ₹11.8 apiece on the NSE on Thursday, about 7.3% above the FPO price of ₹11. The shares were listed at ₹12 on BSE and closed at ₹13.8, after a gain of 5.3%. Thursday was also the day when the highest ever quantity of Vodafone Idea shares were traded. After the offer, the company's market capitalisation was at ₹91,747.17 crore on Thursday. «A lot of HNIs and retail investors had subscribed to the FPO with an arbitrage point of view,» said Jimeet Modi, founder, Samco Securities. «They have locked their gains and booked profits and moved on from the company.»