India Financial News

The Reserve Bank of India (RBI) has declared the early redemption price for Sovereign Gold Bonds (SGBs) from the 2017-18 Series IV and 2018-19 Series II tranches, due on April 23. The announcement aligns with the terms stated in the Government of India notifications on October 6, 2017, and October 8, 2018. These terms allow holders the option for early redemption after five years from the issue date, coinciding with the interest payment dates on these bonds.

Sensex rallied 599.34 points, or 0.83%, to close at 73,088.33, while the Nifty 50 settled 151.15 points, or 0.69%, higher at 22,147.00. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 22 “Markets are likely to see volatility in a broader range on the back of divergent cues. On the negative side flare-up in geo-political tension in the Middle East, hawkish US Fed comments, and FIIs selling are making investors restless.

Congress leader Rahul Gandhi's promise of wealth redistribution has kicked up a huge controversy. While the idea itself has been controversial — right from the bloody revolutions of the past century that promised the poor the wealth amassed by the rich to contemporary debates in economics on how to address inequality and poverty — a comment on Rahul's plan by Prime Minister Narendra Modi has brought the issue to the headlines. PM Modi alleged on Sunday that «Congress wanted to confiscate people's wealth and redistribute it to Muslims». Yesterday, adding that opposition parties had done nothing for Muslims, he reiterated his allegations, saying that the Congress was «looking to survey earnings and wealth of people, including their vehicles, property, and houses to redistribute it in line with a communist ideology that INDIA wanted to implement in the country». What did Rahul Gandhi say

Razorpay on Tuesday launched its own UPI infrastructure with 'UPI Switch', a cloud-based innovation in partnership with Airtel Payments Bank, and said the solution is geared to ensure smoother and faster transactions. Boosting success rates by 4-5 per cent, the solution is designed to handle up to 10,000 transactions per second (TPS) at any given time, according to a release. The 'UPI Switch' will also enable 5 times faster access to UPI (Unified Payments Interface) innovations for businesses, it added.

Reliance Industries Ltd has got government approval for making additional investments in developing gas reserves in its KG-D6 block in the Bay of Bengal that can add 4 to 5 million standard cubic meters per day to the production, a company official said. Reliance and its partner bp Plc currently produce around 30 mmscmd or about 30 per cent of India's gas production, from the KG-D6 block. At an investors' call announcing the fourth quarter earnings, Sanjay Roy, senior vice-president for exploration and production at Reliance Industries Ltd, said the development plan for incremental production has been approved by the government. «One good aspect of this quarter gone by was that we had an incremental development plan approved by the government, which has the potential to deliver incremental production of 4 to 5 million standard cubic meters (per day) in the coming few years, which would augment the production that we have,» he said.

₹2,64,834 crore ($31.8 billion). However, profit after tax (PAT) remained almost flat at ₹21,243 crore ($ 2.5 billion) against ₹21,327 crore in the same quarter last year. Also Read: Reliance Q4 results: Net profit declines 1.8% YoY to ₹18,951 crore The company said its EBITDA increased by 14.3 per cent YoY to ₹47,150 crore ($ 5.7 billion) with all businesses contributing strongly.

Day trading stocks to buy today: The weak global market sentiments continued to fuel the Indian stock market for the second straight session on Monday. The Nifty 50 index gained 189 points and ended at the 22,336 level, the BSE Sensex surged 560 points and closed at the 73,648 mark whereas the Bank Nifty index closed 350 points northward at the 47,924 level. The cash market volumes on the NSE were lower at Rs.0.95 lakh crore.

India, the world's largest producer, consumer and exporter of spices, has sought details from food safety regulators of Singapore and Hong Kong, which has banned certain spices of Indian brands MDH and Everest due to quality concerns. The commerce ministry has also directed Indian embassies in both Singapore and Hong Kong to send a detailed report on the matter. The ministry has also sought details from the Indian firms — MDH and Everest, whose products have been banned for allegedly containing pesticide 'ethylene oxide' beyond permissible limits. «Details have been sought from the companies. Root cause of the rejection and corrective actions will be determined along with the exporters concerned,» a commerce ministry official said.

Bank Nifty was up by 172.85(0.36%) at 22 Apr 2024 10:44:55 IST.In the BSE Sensex index Wipro, Larsen & Toubro, Ultratech Cement, Bajaj Finance, Axis Bank were the top gainers while NTPC, HDFC Bank, ITC, Mahindra & Mahindra, Nestle India were the top losers.In the Bank Nifty index Bandhan Bank, Punjab National Bank, Axis Bank, IDFC First Bank, Federal Bank were the top gainers while Au Small Finance Bank, HDFC 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

What is Blue Whale challenge?IT Ministry has decribed the Blue whale challenge game as “abetment to suicide." In this game, the participants are given 50 tasks to be completed in 50 days. The task given to players get challenging day by day.

IMD predicts heatwave warning; rainfall in THESE states till April 22 Met department further predicted that the maximum and minimum temperatures are likely to be around 37 degrees Celsius and 28 respectively. “Surface winds are likely to be South-westerlies with wind speeds around 06-08 kmph," it added.

Jharkhand chief minister Arjun Munda on Tuesday filed his nomination as the BJP candidate for the Khunti Lok Sabha constituency in the state. Jharkhand Mukti Morcha MLA Joba Manjhi also filed her nomination during the day as the INDIA bloc candidate for the Singhbhum (ST) Lok Sabha seat. Jharkhand BJP president Babulal Marandi, AJSU Party chief Sudesh Mahto and other senior leaders accompanied Munda when he submitted his nomination papers to the returning officer at the Khunti district collectorate. Before filing his nomination, Munda offered prayers at a temple in Khunti.

Demat accounts serve as a crucial gateway to stock investing, enabling individuals to access various financial instruments and trade to capitalise on market movements. Similar to a bank account, a demat account securely holds your securities in electronic form, offering convenience and protection by eliminating the need for physical share certificates.

Ayodhya grew 585 per cent in 2023 as compared to 2022. It was followed by a 359 per cent jump for Ujjain and 343 per cent rise in searches for Badrinath. It also highlighted that from Delhi, the top searched destinations were Rishikesh and Amritsar.

visa rejections among Indian students planning to pursue higher education in Australia. Amid reports that these rejections might be causing Indian students to reconsider their plans, Green clarified the situation, stating that the statistics do not support claims of a surge in visa rejections. According to Green, the data he reviewed indicates that the number of visa rejections this year is quite similar to the previous year, indicating no significant increase. He emphasized that, unlike some other countries, Australia has not imposed a cap on the number of foreign students entering the country. This approach aligns with Australia's commitment to attracting and welcoming international students. Do you meet the immigration criteria? Check here «There has not been a surge in rejection of students. I have looked at these statistics myself and they are very similar to this year to what they were last year,» Green told ANI. He explained that while Australia is open to foreign students, it seeks to ensure they come from reputable institutions and are well-matched with suitable courses, leading to a positive educational experience. Green acknowledged the need to maintain high standards, emphasizing that the selection process aims to benefit both the students and the Australian education system.

demat accounts as their go-to tool for diversifying their investment portfolios with stocks. This trend is especially evident among millennials, who are showing a growing interest in participating in the stock market. Several factors contribute to this trend.

Nifty option traders were left scratching their heads today after India VIX, Dalal Street's indicator of volatility in the near term, crashed as much as 22% in one of its worst single-day falls in stock market's history. India VIX, calculated using the best bid and ask quotes of out-of-the-money near and mid-month Nifty option contracts, fell below the 10-mark. During the day, Nifty rose up to 0.5% higher to the day's high of 22,447.

Air India has entered into a codeshare partnership with Japan's All Nippon Airways. With the codeshare, effective for travel from May 23, Air India and All Nippon Airways passengers can fly to their desired destination by combining those flights between India and Japan with a single ticket. Air India will add its 'AI' designator code on ANA's flights between Tokyo Haneda and Delhi as well as Tokyo Narita and Mumbai. ANA will add its 'NH' designator code on Air India's flight between Tokyo Narita and Delhi, a release said on Tuesday.

IPO) of JNK India will open for subscription today and will close on April 25. The company plans to raise around Rs 650 crore through the issue. The IPO comprises fresh equity of up to Rs 300 crore and an offer for sale (OFS) of up to Rs 84.2 lakh worth shares. Under the OFS, Goutam Rampelli, Dipak Kacharulal, JNK Heaters, Mascot Capital and Marketing, and Milind Doshi will offload shares.

Honasa Consumer, which runs beauty and personal care brands like Mamaearth, rallied up to 7.6% to Rs 435 on BSE on Tuesday as it announced that its skincare brand The Derma Co. has achieved an annual revenue run rate (ARR) of Rs 500 crore. Shares of Honasa have given 18.4% returns to its investors in the last month, while the stock rallied 15% in the last week.

IPO of Emmforce Autotech will open for subscription on Wednesday and will close on April 25. The company aims to raise nearly Rs 54 crore through the SME IPO and list the shares on the BSE SME platform. Ahead of the issue opening, the company has raised around Rs 15 crore from anchor investors, under which 1.56 million shares were offered at Rs 98 each. Marquee investors including BofA Securities Europe, and Astorne Capital and others bought into the anchor book