India Financial News

warming planet, cooling is no longer a luxury. It's a necessity. Intense heatwave conditions in many parts of the country, coupled with growing affluence, are driving up AC sales.

56 candidates achieved the perfect 100 NTA score in the engineering entrance exam JEE-Main, maximum from Telangana, says National Testing Agency.

WTO's 164 members, 125 have agreed on the text of the Investment Facilitation for Development Agreement (IFDA). They are convinced it will help them to attract more FDI for growth, and want to annex it to WTO's main rules. 89 of these 125 members are developing countries, 27 LDCs. IFDA focuses on increasing transparency and reducing bureaucracy to make the investment process easier, but contains no prescriptions on investment policy, market access, investment protection and investor-state dispute settlement. Among other things, IFDA addresses:

ALSO READ: PBKS vs GT IPL 2024: Shubman Gill says he doesn’t want to think too much about captaincy while batting 1) Rashid Khan (24 years and 221 days) 2) Shubman Gill (24 years and 229 days) 3) Virat Kohli (25 years and 182 days) 4) Sanju Samson (25 years and 335 days) 5) Piyush Chawla (26 years and 108 days) In the ongoing IPL season, Gill has scored 298 runs in 9 matches, at an average of 42.57 and a strike rate of 146.79. He has also scored two half-centuries; his highest score is an unbeaten 89. Shubman Gill has scored 3,094 runs in 100 IPL matches, at an average of 38.12 and a strike rate of 135.14.

Ajit Doval had a bilateral meeting with His Excellency Mr. Nikolai Patrushev, Secretary of the Security Council of the Russian Federation," the embassy said in a post on X. "Both sides reviewed progress in bilateral cooperation and discussed important issues of mutual interest," it added.

Also Read: From ‘Hua to Hua’ to ‘Inheritance Tax’: 6 remarks by Sam Pitroda that put Congress on the back foot Explaining his take on ‘tax politics’ amid the tax inheritance row, Grover said in a post on social media platform ‘X’, ‘’You need to understand ‘Tax Politics’ in India. 8/140 crore file IT Return. 2/140 crore Indians pay Income Tax.

Toronto-Dominion Bank still sees foreign students as an important source of growth even as Prime Minister Justin Trudeau’s government has ushered in new caps on study permits in a bid to ease rental-housing demand.

Telecom Regulatory Authority of India (Trai) has recommended the use of active and passive infrastructure sharing among telecom service licensees, in a bid to promote optimum resource utilisation. The regulator Wednesday also recommended inter-band spectrum sharing between service providers in a licensed service area (LSA), along with suggesting exploring the possibility of allowing service providers to access globally harmonised spectrum bands assigned to government agencies or other non-telecom entities through authorised shared access (ASA) technique-based spectrum-sharing. The authority also recommended conditions for spectrum sharing, trading and leasing, which has been permitted under the new Telecommunications Act, 2023.

AU Small Finance Bank, Equitas Small Finance Bank and DCB Bank on Wednesday reported their Q4 results. Of the three, AU SFB and DCB Bank have also announced dividends. Here’s how they performed in Q4FY24:

Chalet Hotels and The Indian Hotels Company (IHCL). On Lemon Tree Hotels, Kotak has maintained a ‘reduced’ stance. Average hotel room rates in India rose 14% on a year-on-year basis to Rs 7,560 per day in February while the exit room rate stood at Rs 8,900/day witnessing a 7% YoY uptick.

Citizenship Amendment Act (CAA), intending applicants have given indifferent response to application under CAA in Assam’s Barak valley. People are more concerned about getting their names cleared from the foreigner’s tribunal and abolition of detention camps. Two seats of the Barak valley Silchar and Barak valley are going to polls on April 26 and CAA outcome is not engaging the voters. In Assam CAA has its proponents and opposition. Barak valley is believed to be a place where there are proponents of CAA. The Centre had in March implemented the Citizenship (Amendment) Act, 2019, notifying the rules four years after the law was passed by Parliament to fast-track citizenship for undocumented non-Muslim migrants from Pakistan, Bangladesh and Afghanistan who came to India before December 31, 2014.

INDIA bloc is contemplating «one year, one PM» formula to resolve their leadership issue and added the world will ridicule such an arrangement in the largest democracy. Modi, addressing an election rally at Harda under the Betul Lok Sabha seat in Madhya Pradesh, asked if voters were ready for «five prime ministers in five years» formula and called it a dangerous game by the opposition alliance in which the Congress is the biggest constituent. The BJP's star campaigner doubled down on the Congress's alleged plan to redistribute wealth by what he called «snatching properties of people» and added that an advisor to the party's 'shehzada' (a reference to Wayanad MP Rahul Gandhi) has now suggested imposing an inheritance tax.

banks to exercise more vigilance when it comes to preventing the misuse of traditional banking channels in enabling unauthorised trading in foreign exchange. The central bank said in a notification on Wednesday that it has come across instances of unauthorised entities offering foreign exchange trading facilities to individuals with promises of disproportionate and exorbitant returns. Upon investigation, the RBI found that in order to facilitate such unauthorized foreign exchange trading, these entities have engaged local agents who then open accounts at different bank branches to collect money for margins, investments, and charges.

edtech platforms to upskill themselves in green technology and sustainability. Edtech firms like Coursera, Emeritus, UpGrad and Terra.do are seeing high enrolment rates for courses related to ESG reporting, climate technology, carbon accounting, lifecycle analyses, etc. There is also an increasing trend of engineers wanting to learn the tech stacks used in the climate tech industry, or product managers learning how to reduce emissions of their digital products.

₹5.2 crore in a click. The 52-year-old Jayanagar business, new to stock market trading, is a victim of sophisticated cybercrime.

₹5 crore. The four others were Sujoy Das, Nitish Sikand, Krishna Cheemalapati and Suresh Jakhotiya.

Chairman of Indian Overseas Congress Sam Pitroda triggered a row after he advocated the concept of inheritance tax prevailing in the US. BJP leaders, including Prime Minister Narendra Modi, criticised Pitroda's comment and said the Congress will continue to loot people even after their death.

Japan is benefiting from India's growth story. Japanese companies and investors are showing heightened interest in India finds an anchor report by Nomura. Japan's FDI in India has been gaining a growing presence, and Japanese investments in foreign equities (as of end-2022) showed India at the top of the list for developing countries although trade ties between Japan and India are currently weak. Japanese individual investors are also investing more aggressively in Indian stocks by way of investment trusts India at the top of the list among emerging market economies, the report said. With the Indian economy maintaining high growth, Japanese corporations are showing more interest regarding investment in India, according to Nomura. “In the ranking of countries seen as promising for the medium term in the Japan Bank for International Cooperation (JBIC)'s FY23 Survey on Overseas Business Operations by Japanese Manufacturing Companies, India took the top spot for a second consecutive year, even as China fell to number three” the report, an collaborative effort by India’s and Japan’s economists and equity strategists.

gender equality have three times higher loyalty, productivity, motivation and belongingness scores than those working with laggards, according to the latest edition of Deloitte’s Women @ Work survey. The survey represents the views of 5,000 women across 10 countries, including India.

ITC will convene a meeting of the company’s ordinary shareholders on June 6, 2024, to approve the proposed scheme of arrangement involving the demerger of ITC Hotels from ITC Limited into a separate listed subsidiary, the company on Wednesday said in an exchange filing. The meeting will be held at 10:30 am India time through the electronic mode.

Royal Canin, the French pet food maker, on Wednesday said it has opened Asia's second-largest fully operational packaging plant in Bhiwandi, Maharashtra with an investment of ₹100 crore. The new packaging center, which is Royal Canin’s first facility in India, will have automatic packing machines and associated utilities installed for conversion of bulk products into retail packs catering to Indian pet owners requirements. The company didn't rule out the possibility of exports from the facility in future. «India is a place where the pet food category is emerging, we believe it is going to continue to grow. The plant will help us localise and have a more flexible approach towards the market,» Cecile Coutens, global president of Royal Canin told ET.