India Financial News

25.04 / 09:27

markets Election Healthcare President information reports Madhavi Latha owns ₹218 crore: BJP's Hyderabad candidate declares assets, files nomination ahead of Lok Sabha election

₹218 crore in her nomination papers for the Lok Sabha elections 2024. Hyderabad is all set to vote in the ongoing Lok Sabha elections in the fourth phase on May 13. In her election affidavit, Madhavi Latha declared movable assets worth ₹165.46 crore and immovable assets worth ₹55.92 crore.

25.04 / 09:27

film Trade show audience social exclusive Features Freemium vs premium at the cinemas: PVR borrows an app hack for its theatres

NEW DELHI : PVR Inox Ltd has rolled out an ad-free viewing feature at some of its ‘premium luxury’ cinemas for moviegoers who can’t be bothered to sit through a bunch of advertisements at the theatre. The feature will be exclusive to up-market cinemas designed as social and community experiences combining dining and lounge options.

25.04 / 09:03

COST UPS Citi Platform country rights Eldeco & HDFC Capital announce fresh funding to develop residential projects across India

Eldeco Infrastructure and Properties Limited (EIPL), a prominent player in North India’s real estate sector, and HDFC Capital Advisors Limited (one of the largest real estate fund managers in India) have announced the latest round of funding of Rs 350 crore towards their joint platform aimed at developing residential projects across India. With this funding, the platform size stands at Rs 850 crore, underscoring a resolute commitment to addressing the nation’s growing residential demand.

25.04 / 09:03

Provident CEO wellness country hospital innovations Pharmaceuticals Nestlé, Dr. Reddy’s form joint venture to expand nutraceutical portfolio

Nestlé India and Dr. Reddy’s Laboratories Ltd on Thursday announced that they have entered into a definitive agreement to form a joint venture to bring innovative nutraceutical brands to consumers in India and other agreed territories.

25.04 / 09:03

markets COST Strategy economy country rights diving Mutual Fund Investment: When is the right time to start investing in mutual funds?

Investing in mutual funds can be a powerful tool for wealth creation, especially in a country like India with a growing economy and a burgeoning middle class. However, the question of when to start investing in mutual funds is one that many individuals grapple with. The simple answer? The sooner, the better. Let’s delve deeper into why and how to get started.

25.04 / 09:03

UPS Platform social reports prevention Updates Got it all WRONG! IRDAI move doesn’t mean age cap of 65 for buying health insurance removed – Know why

The Insurance Regulatory and Development Authority of India (Irdai) recently announced a policy update, saying health insurance companies must offer products catering to all age groups. This move was misinterpreted as the regulator removing the age cap for buying health insurance.

25.04 / 09:03

COST MET information reports recommendations Courts IAF’s ‘Heron’ RPA crashes in Jaisalmer; Court of Inquiry initiated

The Indian Air Force’s (IAF) remotely piloted aircraft (RPA) crashed in Rajasthan’s Jaisalmer. The Israeli made `Heron’ Drone crashed during a routine training sortie. According to the Indian Air Force a Court of Inquiry (CoI) has been constituted to find out the cause of the accident.

25.04 / 09:03

Provident Digital Action security Strategy Mobile prevention Customers RBI’s big action against Kotak Mahindra Bank! Lender stopped from issuing fresh credit cards, onboarding new customers digitally

In a big setback for Kotak Mahindra Bank, the Reserve Bank of India (RBI) has restricted the private sector bank from onboarding new customers through digital channels and issuing fresh credit cards, according to a press release issued by the apex bank on Wednesday.

25.04 / 09:03

UPS Deloitte information 2020 travelers rights Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?

The new tax regime was introduced by the Finance Minister in the Union Budget 2020. This regime, also known as the simplified tax regime, offers lower tax rates with fewer deductions and exemptions, compared to the old tax regime. The income tax provisions allow an individual to choose either of the two regimes. The choice can be made every year except where an individual has a business or a profession.

25.04 / 09:03

markets UPS Booking Airlines country travelers Features SBI Card MILES: SBI Card’s maiden travel-focused credit card with mega benefits – airport lounge access, air miles, hotel points and more

SBI Card has launched three variants of its first travel-focused core credit card ‘SBI Card MILES’. The three variants are SBI Card MILES ELITE, SBI Card MILES PRIME and SBI Card MILES.

25.04 / 08:57

Digital security trends Diversity consequences reports Features 60% make rewards top priority in credit card choice, reveals survey

Also Read: 4 key reasons why clearing your credit card debt improves your CIBIL score The survey also revealed that approximately half of the respondents report monthly expenditures ranging between ₹25,000 to 75,000, showcasing the diverse spending patterns among Indian consumers. Moreover, nearly 60% of respondents prioritise rewards when choosing a new credit or debit card.

25.04 / 08:57

COST UPS Sustainability Audi reports Audi to raise prices of cars in India by 2 per cent from June 2024 as input costs, transportation expenses weigh: Report

Audi on April 25 said it has decided to increase the prices of its car models in India by up to 2 per cent starting from June this year, PTI reported. The move comes as a response to the escalating input and transportation expenses affecting the company, it said. The price hike will come into effect from June 1, 2024, as per the automaker's official communication.

25.04 / 08:43

markets COST UPS Citi CEO wellness Trade NOT Morning Coffee: The young hedge fund traders who made $150m in three months, or not. The new hottest market to make money as a banker

It’s an unfortunate secret of the trading world that accounting for profitability is rathe more of an art than a science. Trades happen as part of portfolios, they have funding costs and collateral requirements, and recognition of the P&L is only rarely a straightforward matter of selling the position and counting the cash. There’s always scope for “Hollywood accounting”, under which the question of whether something made a load of money or barely broke even depends on who’s asking.

25.04 / 08:31

UPS Citizens Election show hospital rights Lok Sabha Elections 2024: Will you cast vote tomorrow? Noida restaurants, hospitals have THESE offers for voters

Lok Sabha elections on April 26, restaurants and hospitals in Noida and Greater Noida are offering discounts to citizens who exercise their right to vote tomorrow. Officials said restaurants are offering up to 20% discount on bills, while hospitals are giving free full body check up to voters, PTI reported.

25.04 / 08:31

markets UPS Research wellness medicines Courts Pharmaceuticals Patanjali’s credibility crisis: A knock-on effect on the booming Ayush market?

companies making exaggerated claims about their wellness products. These are indeed welcome developments. The Patanjali order involves a case between the Indian Medical Association (IMA) and the Union of India where the former alleged that Ramdev had made statements labelling allopathy as “stupid and bankrupt science".

25.04 / 08:31

markets COST UPS security Research President Mahindra Logistics hopes Rivigo can deliver a swift turnaround

₹1,451 crore in the quarter. Ebitda margin came in at 3.9%, down more than 100 basis points yoy but up 20 basis points sequentially. However, uncertainty around the path to profitability for its B2B express business has clouded the company’s medium-term outlook and continues to be a drag on overall profitability.

25.04 / 08:13

markets COST Citi Southern pandemic trends Tech companies plug into India's smaller cities for talent

B. Ramachandran now prefers living in the smaller cities than the major tech hubs of Bengaluru and Chennai. After the pandemic, the 47-year-old moved to Madurai, a temple town in the southern state of Tamil Nadu. He has no plans to leave his hometown, saying the chance to live with his ageing mother while working for New York-based technology services firm Genpact is a «blessing».

25.04 / 08:13

Waves Reuters Aware Fighting show guidelines International Cyber RBI plans curbs on suspect bank accounts to fight cyber fraud

central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters. The plans come as internal government data shows individuals have lost funds of nearly $1.26 billion in financial institutions to cyber fraud since 2021, with one of the sources saying about 4,000 fraudulent accounts are opened every day. Tens of thousands of Indians receive daily telephone calls seeking to defraud them by accessing their bank accounts and wallets to siphon off money that then accumulates in the scammers' accounts.

25.04 / 08:13

markets UPS Strategy Mobile Hyundai country Hyundai plans to scale up production capacity, introduce more EVs in India

EVs, while also utilising the country as an export hub for the neighbouring countries. Chung visited India on April 23 to review the group's mid-to-long-term strategies to solidify its position as a leading mobility provider. Hyundai Motor Group is expanding its manufacturing footprint in the Indian region with the establishment of an annual production system of 1.5 million vehicle units for Hyundai Motor India and Kia India combined, the automaker stated.

25.04 / 08:03

markets UPS FIVE Platform Strategy Research Interviews Shiprocket's back to its favourite accelerant: acquisitions

BENGALURU : Two years after the Zomato- and Temasek-backed Shiprocket gained its unicorn status, the logistics startup has embarked on a tried-and-tested route to accelerate growth—through acquisitions. Shiprocket is scouring for companies specialising in marketing and advertising tools, conversion and data platforms, customer experience enhancements, capital and lending services, and cross-border enablement, said co-founder and chief executive Saahil Goel in an interview with Mint. Goel declined to disclose the company's current cash reserves.

25.04 / 08:03

LGBT Remark Election community President Lok Sabha elections 2024: NCP-Sharad Pawar unveils manifesto, promises ‘UPA, NRC review, LPG cylinder at ₹500’

₹500 per cylinder if the INDIA bloc is elected at the Centre in the Lok Sabha elections 2024. The party also favours caste census, a demand long been made by Congress, and separate commission for farmers' welfare in the manifesto. Apart from that, the Sharad Pawar-led party said it supports full statehood for Jammu and Kashmir, scrapping of the Agnipath Scheme and rejects the idea of ‘one nation, one election’ – a policy promoted in the BJP manifesto.

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