India Financial News

Bharti Airtel retains the numero uno spot among the trio, which also comprises the largest play in Reliance Jio Infocomm. Nuvama Institutional Equities which finds the sector at an inflection point opines that it will likely benefit from a chain of events including fund infusion in debt-ridden Vi, the likelihood of tariff hikes by operators, and government support.

pharmaceuticals exports increased 9.67 per cent year-on-year to USD 27.9 billion in 2023-24, even as the total exports dipped by 3 per cent in the last fiscal. According to the commerce ministry data, pharma exports in March grew by 12.73 per cent to USD 2.8 billion. In 2022-23, the exports stood at USD 25.4 billion. The top five export markets, for the sector during the last fiscal, are the US, the UK, the Netherlands, the United Kingdom, South Africa and Brazil.

Wrestling Federation of India's Athletes' Commission here on Wednesday, completing a process that was mandated by the sport's world governing body. A total of eight candidates were in fray for the seven positions and after polling, conducted on ballot paper, seven members got elected. They then chose Narsingh as chairman of the commission. Ahead of the 2016 Olympics, the Games-bound Narsingh had grabbed headlines when two-time Olympic medallist Sushil Kumar, who missed the qualification event due to an injury, requested for a trial bout against him. Sushil moved the Delhi High Court and only after his appeal was rejected, it was confirmed that Narsingh would go to Rio Olympics.

Mumbai Police's Economic Offences Wing (EOW) gave a clean chit to Sunetra Pawar, wife of Maharashtra Deputy Chief Minister Ajit Pawar, who was named as the ruling NDA's surprise pick for Baramati Lok Sabha constituency, in the Rs 25,000 crore Maharashtra State Cooperative Bank (MSCB) 'scam' case. The EOW stated in its closure report that it did not see any criminality or wrongdoing in the matter, adding that the bank in question did not suffer any losses in the process of sanctioning loans or selling the Jarandeshwar Sugar Mill. The closure report comes at a time when the leaders in the Opposition combine--INDIA, have renewed their 'washing machine' charge at the BJP, claiming that probe agencies go slow on dissident leaders once they jump ship and join the ruling party at the Centre.

Hitachi Energy is looking to open more global capability centers in India to expand local operations, amid growing energy demand and a push to scale up renewable energy generation in the country. Zurich-based Hitachi Energy, which makes transformers and large-scale power transmitters, operates a GCC in the country, where high power demand has led to the government ramping up generation, including in renewable energy. «We are looking at Hyderabad for our GCC… and also looking at Pune. It might take six months to one year,» said Venu Nuguri, the managing director and CEO of the company's India unit.

Cyient DLM shares rallied 13% on Wednesday at the day’s high of Rs 779.55 after the company yesterday reported an 80.2% year-on-year (YoY) surge in net profit at Rs 22.7 crore for the fourth quarter that ended March 31, 2024. The company's Q4 revenue stood at Rs 362 crores, with quarter-on-quarter (QoQ) growth of 12.7% and YoY growth of 30.5%.

startup LetsTransport has raised $22 million in a funding round led by Bertelsmann India Investments. The round also saw participation from Rebright Partners, NB Ventures, ALES Global, Stride Ventures, CAC Capital and others. The funds will be used for expanding market presence, scale adjacent business verticals and to achieve profitability.

Ambuja Cements Ltd. traded at Rs 642.4 on BSE at 12:12PM (IST) on Wednesday, up 0.93 per cent. The stock quoted a 52-week low price of Rs 373.4 and a high of Rs 645.9. Earlier in the day, the stock saw a gap up opening.

Domestic benchmark index NSE Nifty gained 93.16 points to 22461.15, while the BSE Sensex traded 326.93 points up at 74065.38.

Congress MP Rahul Gandhi on Wednesday said Congress manifesto aims to give back 90 per cent Indians a part of Rs 16 lakh crore given to big businessmen as loan waivers. Gandhi accused Prime Minister Narendra Modi of waiving off loans worth Rs 16 lakh crore of his billionaire friends, and said the country will never forgive him for this «crime». In a post in Hindi on X, he said this money could have been used to cure the pain of Indians but was spent on creating hype for the ilk of those like 'Adanis'. Gandhi said, «Injustice is being done to 90 percent Indians and the moment I called for checking this injustice, PM, BJP started attacking me.»

Prime Minister Narendra Modi and the BJP, Congress leader Rahul Gandhi on Wednesday said those who call themselves 'deshbakt' are scared of the 'X-ray' of caste census and asserted that no force can stop it. Addressing the 'Samajik Nyay Sammelan' here, Gandhi said it is his life's mission to ensure justice for the 90 percent of the population against whom injustice has been done.

₹15.65 crore net. Ali Abbas Zafar directorial film managed to amass ₹80 lakh net on Day 13, Tuesday, of its release, as per film industry tracker Sacnilk estimates. This marks a drop of 5.88 percent in its collection from the day before, April 22, when the film registered ₹85 lakh net.

Congress' Sam Pitroda says he's ‘very concerned’ about state of democracy in India Sam Pitroda on Tuesday backed Congress' stand on redistribution of wealth and advocated an inheritance tax law in the country while elaborating on the concept of inheritance tax prevailing in the United States. He said, “In America, there is an inheritance tax.

Mazagon Dock Shipbuilders shares extended gains from a 4% rally in the previous session which was coupled with heavy volumes. Brokerage firm Anand Rathi has named Mazagon Dock Shipbuilders as its ‘Pick of the month’ and expected the stock to give a decent near 11% upside. Technical charts suggest that Mazagon Dock Shipbuilders stock has seen a breakout after a consolidation.

Also Read: Axis Bank, Hindustan Unilever, among 23 companies to report Q4 results today The recent uptrend in Indian equities has been attributed to favorable global cues and a decline in crude oil prices, with the oil market seemingly unaffected by the potential impact of additional sanctions on Iranian oil. Moreover, concerns have eased as both Iran and Israel have indicated a reluctance to escalate tensions further, following limited exchanges of strikes earlier this month. In March, small-cap stocks suffered as concerns over high valuations prompted regulatory scrutiny, leading mutual fund houses to conduct stress tests every 15 days.

KYC process with a bank, the CEO added. “For small sellers, the dual KYC can be expensive and will increase the cost so much that most players will stop serving small online merchants. These include people selling on Instagram and Facebook, where the value and volume of transactions are small," said the CEO.

Lok Sabha polls: Congress fields Ex-Himachal CM's son against Kangana from Mandi Kangana Ranaut's nomination from her hometown Mandi has added a layer of intrigue to the electoral contest for a constituency that has been a traditional Congress stronghold. To challenge the BJP, Congress has fielded the son of long-time late former chief minister Virbhadra Singh, Vikramaditya Singh from the constituency. The Mandi constituency is considered a bastion of the Virbhadra family.

Sachin Tendulkar birthday: On April 24, 2024, Sachin Tendulkar turned 51. Arguably the greatest batter ever to play the game, Sachin is often called the ‘God of Cricket’. However, the moniker comes from his fans, who also call him ‘Master Blaster’.

Bank Nifty was up by 244.7(0.51%) at 24 Apr 2024 10:44:53 IST.In the BSE Sensex index Tata Steel, Kotak Mahindra Bank, Bajaj Finserv, Power Grid Corporation Of India, Bajaj Finance were the top gainers while Infosys, Hindustan Unilever, Tech Mahindra, Asian Paints, were the top losers.In the Bank Nifty index Bandhan Bank, Kotak Mahindra Bank, HDFC Bank, Axis Bank, ICICI Bank were the top gainers while Bank Of Baroda, Au Small Finance Bank, were the top losers.For the complete list of 52 week high stocks click here. Milestone Alert! Livemint tops charts as the fastest growing news website in the world

Love Sex Aur Dhoka 2 Box Office Collection Day 5: The movie Love Sex Aur Dhoka 2, helmed by Dibakar Banerjee, saw steady earnings on Tuesday (April 23), raking in an estimated ₹8 lakh net in India on its fifth day of release, data from Sacnilk showed. This drop comes after a significant surge in collections the movie saw on Sunday, jumping a massive 275 percent to net ₹40 lakh net domestically on Day 3, followed by an 80 percent slump, pulling in ₹8 lakh on Day 4. Love Sex Aur Dhoka 2 has amassed an estimated ₹73 lakh net in India over the initial four days of screenings, the data revealed.

₹16 lakh crore of his “billionaire friends" while also listing how money could have been used to prevent farmer suicides, help unemployed youth and women. In an extensive post in Hindi, Rahul Gandhi suggests that ₹16 lakh crore could cover the cost of waiving farm loans and subsidising LPG cylinders at ₹400 for the entire country for at least 20 years.