India Financial News

Rahul Gandhi is contesting Lok Sabha Elections against Annie Raja, a leader from the Communist Party of India (CPI), which is a key partner in the opposition INDIA bloc. With Bharatiya Janata Party's (BJP) Kerala state President K Surendran in the fray, the contest in the seat has become triangular. Wayanad will vote, along 19 other seats of Kerala, in the second phase of Lok Sabha Elections 2024 on Friday, April 26.

Dividend paying stock: LKP Finance shares touching circuits is a regular phenomenon these days. This financial stock has touched circuits on all sessions this week.

NMDC with a 'buy' rating, establishing a target price of ₹297 per share. Despite the company's shares already surging by 140% in just 10 months, this new target price suggests another 20% increase from the stock's previous closing price of ₹248 per share. Additionally, reaching this target would mark a 14-year high for the stock, with the last similar milestone achieved back in April 2010.

₹10.5 lakh as per today’s exchange rate) a day. They said, ‘Yes, you’re right. We can’t afford you’." Everyone burst into laughter hearing the incident.

NEW DELHI : Is Tesla on its way to India, or not? Despite the Indian government's enthusiastic rollout of a new electric vehicle policy primarily aimed at attracting EV makers such as Tesla, the Elon Musk-led automaker has remained non-committal about its plans to enter the Indian market. In fact, Tesla has not conducted any significant studies or held detailed discussions with state governments in India yet, people familiar with the situation told Mint, signalling a lack of immediate intent to establish a manufacturing presence in the country.

₹934 crore for the quarter ended March 2024, recording a rise of 27% from ₹737 crore in the year-ago period. Nestle India net profit beat analysts’ estimates of ₹858 crore.

The top three schemes offered an absolute return of more than 100% in the last three years. ICICI Prudential Dividend Yield Equity Fund, the topper in the category, gave an absolute return of 133% in the last three years. HDFC Dividend Yield Fund gave an absolute return of 111% in the said period.

Havells India Ltd. dropped 0.16 per cent to Rs 1564.9 at 11:56AM (IST) in Thursday's trade. The stock hit a high of Rs 1574.5 and low of Rs 1556.15 so far during the session. The stock had closed at Rs 1567.5 in the previous session. The counter had a total traded volume of 11:56AM shares so far with a turnover of Rs 1.14 crore on BSE. The stock traded at a price-to-earnings multiple of 83.1 and a price-to-book ratio of 11.24.

Sam Pitroda, the chairman of the Indian Overseas Congress, made comments about inheritance tax that led to a political controversy. Prime Minister Modi criticized the Congress party, claiming that they intend to impose higher taxes and prevent individuals from passing on their hard-earned wealth to their heirs. In response, the Congress party distanced itself from Pitroda's statements. Party spokesman Jairam Ramesh pointed out that former Prime Minister Rajiv Gandhi had abolished estate duty in 1985. Pitroda backed the idea of an inheritance tax and cited the example of the US. «Nothing wrong in accumulating wealth but to what point? Let me tell you, in America there's an inheritance tax. So, if let's say one has $100 million worth of wealth, and when he dies he can transfer probably 45% to his children, 55% is grabbed by govt. Now that's an interesting law. It says you, in your generation made wealth, and you are leaving now, you must leave your wealth for the public — not all of it, half of it, which to me sounds fair. In India you don't have that. If somebody is worth $10 billion and dies his children get $10 billion. The public gets nothing. So these are the kinds of issues that people will have to debate and discuss.» Here is a look at what inheritance tax is.

Vodafone Idea’s ₹18,000-crore follow-on public offer, India’s largest FPO to date, marked a turning point for the telecom industry. Calling the third-largest carrier a ‘national asset’, he said Vodafone Idea would stage a smart turnaround on the back of the fundraise and support from banks. “This moment in some ways marks the beginning of Vodafone Idea 2.0.

The covid pandemic is the great divide of the early 21st century. We compare conditions before and after 2020. This also applies to employment trends.

Also Read: Nestlé Controversies: From sugar in baby food to Maggi ban, we look at top 8 concerns in India and abroad Nestle India is expected to report revenue growth of 6.6% at ₹5,150 crore in the January - March 2024 quarter as compared with ₹4,830 crore in the same period last year, as per average estimates of 5 brokerages. Volume growth for the quarter is expected to be 4% YoY. The company’s net profit for the quarter is estimated to rise 16.5% to ₹858 crore from ₹736.6 crore, YoY.

ICICI Bank mobile banking application called Mobile Pay, claiming that they can view sensitive details of other people's credit cards on the platform. Sumanta Mandal, founder of TechnoFino, in a post on social media platform X (formerly known as Twitter), tagged the bank and the Reserve Bank of India (RBI) to urgently address the issue. "Several users have reported being able to view other customers' ICICI Bank credit cards on their iMobile Pay app.

Q4 results 2024: Ahead of the announcement of Vedanta Q4 results today, the Indian metal major Vedanta shares witnessed selling pressure in early morning deals. Vedanta share price today opened downside at ₹380 apiece on NSE and went on to touch an intraday low of ₹377.10 per share, recording around 1.65 percent intraday loss during Thursday deals.

Vedanta leading as the top gainer. Starting the year at ₹258.55 per share, Vedanta's stock has surged to the current price of ₹383.45, marking a return of nearly 50%. Currently, the stock is trading at its 24-month high.

TOI reported. After the Gyanvapi judgment, Judge Ravi Kumar Diwakar had received a hand-written threat letter, after which nine police personnel were deployed. The Allahabad High Court had sanctioned Y-category security for the judge and his family after he raised similar concerns, which was later downgraded to X-category.

'inheritance tax' in India, an old video featuring Nikhil Kamath, co-founder of Zerodha, where he is discussing the issue with Mint, has surfaced. In the video, Kamath expresses his support for inheritance tax in India. “When wealth is passed down from one generation to another, there needs to be a mechanism in place to redistribute a portion of it.

UMass Global Online Master of Business Administration (MBA) program in India. With the MBA program, UMass Global extends its legacy of excellence by providing a dynamic platform for Indian professionals to navigate the complexities of the modern business landscape. This program will not only open doors to global opportunities but also empower participants to forge impactful careers on an international scale.The 18-month program distinguishes itself from all other online MBAs in the market as the only US university offering an online MBA at an affordable price, with a strategic focus on bridging the gap in the market.

—Name withheld on request

GPT Infra Projects continued their winning streak for the second consecutive session, rising by 10% to reach ₹207 apiece. The previous trading session saw a significant gain of nearly 9%, attributed to the joint venture securing an order valued at ₹487 crore from Central Railway, Mumbai. This recent order pertains to the construction of a new BG line in the Solapur-Osmanabad section, spanning from chainage ₹52500 to 83200 in the Solapur Division.

ethanol to be used in the next cycle, the official added. This decision underscores the government's comfort with the current level of sugar production relative to domestic consumption needs, said the official who did not want to be identified. The directive comes at a crucial time as it aligns with the end of the sugarcane crushing season and supports India's ambitious ethanol-blending targets—E15 by 2023-24 and E20 by 2025-26.