India Financial News

Hanuman Jayanti. In a post on X, PM Modi said, “I extend my best wishes to my family members across the country on Hanuman Jayanti. The dedication of Pavanputra will always remain an inspiration for all Ram bhakts.

Congress for its "sins" and the party that had once won 400 seats is unable to contest 300 seats in this Lok Sabha election. «In the first phase of voting, half of Rajasthan has punished Congress. Rajasthan, which is full of patriotism, knows that Congress can never make India strong,» Modi said at an election rally in Jalore district. He said that the country does not want the conditions that existed before 2014 to return. «The Congress has hollowed out the country by spreading termites of nepotism and corruption. And today the country is angry with the Congress and is punishing it for these sins.

Gukesh scripted history by winning the Candidates Chess Tournament here to become the youngest ever challenger to the world title, bettering a record created by the legendary Garry Kasparov 40 years ago. Gukesh played out an easy draw with American Hikaru Nakamura in the 14th and final round to finish with nine out of a possible 14 points in the tournament that is held to decide the challenger to the world champion. The triumph entitles Gukesh a clash against reigning world champion Ding Liren of China in the last quarter of the year. The Chennai-based teen bettered Kasparov's record by quite a distance as the Russian great was 22 when he qualified in 1984 to clash with compatriot Anatoly Karpov.

mutual funds gave an average return of 8.39% in the last one month, data crunching by ETMutualFunds showed. There were around four schemes in this category that have completed one month or existence in the market. DSP Natural Res & New Energy Fund, the topper in the category, gave 10.26% return in the last one month. Tata Resources & Energy Fund gave 8.45% in the said period.

UN Secretary-General Antonio Guterres is keen on continuing the momentum of Multilateral Development Banks (MDB) reforms initiated during the G20 presidency of India, Chairman of the 15th Finance Commission N. K. Singh has said. Singh, who had met Guterres at the UN headquarters in New York on April 12, said he had a «positive interaction» with the UN chief. Deputy Secretary General Amina Mohammed was also present during the meeting. Guterres «was very keen on continuing the momentum of MDB reforms initiated during India's G20 Presidency and as contained in the 2 Vol. IEG Report,» Singh said in a post on X, referring to the report of the Independent Expert Group.

"Ulgulan Nyay rally" in Ranchi on Sunday. It's not yet confirmed that there were clashes between RJD and Congress workers at the rally. Taking a dig over the "clashes", Prasad told news agency ANI, “Where is their [INDIA bloc] unity? How will they unite the country when they are not united?...

IPL 2024: Kolkata Knight Riders (KKR) mentor Gautam Gambhir on Saturday opened up on the ownership style of Bollywood superstar Shah Rukh Khan. While speaking about his rough phase in IPL as KKR captain, Gautam Gambhir revealed that Shah Rukh Khan fully backed him as the KKR skipper and even stopped him from dropping out of the team. “I couldn't score one run in four games.

Arcelormittal Nippon Steel India Ltd., a joint venture between two of the world’s leading steel makers, is in talks with banks to raise about 85 billion rupees ($1 billion), according to people familiar with the matter, in what could be the biggest local-currency loan this year to fund the firm’s expansion. At least three lenders including State Bank of India, ICICI Bank Ltd. and Axis Bank Ltd. would be participating in the syndicated deal, with proceeds to be used for capital expenditure, said the people who asked not to be identified for discussing private information. SBI, India’s top bank, could lend more than half of the loan, which may carry a tenor longer than five years and be priced against a local interest rate benchmark, they said, adding that details of the lending facility are not finalized and may change.

Nizamabad Lok Sabha constituency, one of the 17 Lok Sabha (Lower House of Parliament) constituencies in Telangana state in southern India, will see a tough fight between the BJP's Arvind Dharmapuri and Congress' Tatiparthi Jeevan Reddy in the upcoming Lok Sabha election. Currently, the incumbent Member of Parliament from the Nizamabad constituency is the BJP's Dharmapuri Arvind. Voting for all 17 Lok Sabha seats in Telangana, including Nizamabad Lok Sabha constituency, will be held in the fourth phase of Lok Sabha polling on May 13; the results will be announced on June 4.

MUMBAI : The BSE SME IPO index scaled a record high of 63,751.82 points early Tuesday, lifting its market capitalization to ₹1.52 trillion and marking a significant resurgence from the slump witnessed in March. The BSE SME IPO index had plunged 11.2% after Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India, raised concerns regarding the stretched valuations of smallcap and midcap stocks. Market experts warned that investors should not get caught up in the exuberance of the stock market.

Maldives voted on Sunday to elect a new Parliament as a MDP victory in the House will enable it to keep a check on the Muizzu’s administration’s steps impacting New Delhi’s interests in the region. As many as 368 candidates are contesting on 93 seats in the parliamentary election MDP had a majority in the last Parliament. China is also keeping a close watch on the elections. This month, President Md Muizzu awarded high-profile infrastructure contracts to Chinese state-owned companies including airport redevelopment plan as campaigning for the parliamentary elections was in full swing.

Apple through its vendors is expected to employ over 5 lakh people in India over the next three years, according to government sources. At present Apple's vendors and suppliers employ 1.5 lakh people in India. Tata Electronics, which runs two plants for Apple, is the biggest job generator. «Apple is accelerating hiring in India. At a conservative estimate, it is going to employ five lakh people in the next three years through its vendors and components suppliers,» a senior government officer told PTI. When contacted, Apple declined to comment on the projection.

Economic Times. In this plan, Varun Jaipuria would take over the mantle of the food and beverage division, whereas Devyani Jaipuria would head the health and education sectors.

WeWork India has expanded its presence in India by adding two new assets across Pune and Gurugram spread over 1, 83,000 sq ft. The HQ27 located in Gurugram’s MG Road market, offers over 96,000+ sq. ft. of sace across three with over 1,480+ desks. The property ahs a 15 years lease agreement with WeWork.The Pune property is Situated within Pune’s largest mall complex — Amanora Mall, Amanora Crest offers over 87,000 sq. ft. of workspace with around 1,700 desks under operator model. “There has been a consistent uptick in office leasing, and flexible workspaces are leading the charge. As more organisations opt for hybrid work models, we expect the strong demand for flex spaces to continue rising. We are actively looking at adding new assets to our portfolio”, said Arnav S Gusain, Head of Real Estate, Product, and Procurement, WeWork India said.

Tata Consultancy Services (TCS), Infosys and Wipro saw their wage cost in FY24 increase by more than 5.5% on average from the previous year, even as their year-on-year revenue growth slowed, averaging 3.6%. Their cumulative wage cost went up by Rs 18,036 crore in FY24, which experts attributed to continuity in lateral hiring in high-demand areas such as artificial intelligence (AI), machine learning (ML), and cloud and engineering services, coupled with the salary increments, even though they are in the lower single digits.

Digital Public Infrastructure (DPI) and Digital Public Goods (DPG) in terms of exports by including newer platforms to help emerging market economies with financial inclusion, innovation and economic growth, two people aware of the matter said. While Aadhaar and UPI are popular among global south countries as these can be easily replicated, India is also pushing for exporting other DPI and DPG, which can significantly impact such economies, the people added.

Hindustan Times quoted Siraj as saying ahead of the KKR match with RCB. ALSO READ: Sunil Gavaskar says bowlers are suffering amid IPL 2024, asks BCCI to 'increase the size of the boundary' Earlier, Indian skipper Rohit Sharma too had his reservations regarding the impact players rule, as he pointed that it is holding the all-rounders back. "I am not a big fan of Impact sub rule.

Patanjali ads case: The Supreme Court escalated its inquiries into misleading advertisements, emphasizing the protection of all consumer groups including children, babies, and women on April 23, during the hearing of Patanjali misleading ads case. The court criticized the Union government for its lax oversight, urging immediate action to safeguard these vulnerable groups from deceptive marketing practices.

Paytm Payments Bank cannot accept further credits into its customer accounts and wallets after March 15, 2024, certain additional steps have become necessary to ensure seamless digital payments by UPI customers using '@paytm', the Reserve Bank of India (RBI) had said in March 2024 via a circular. Also read: Do you have a @Paytm UPI handle? 4 things you should know to migrate your UPI handle In response to this, this the National Payments Corporation of India (NPCI) has authorised One 97 Communications (OCL), the parent company of Paytm Payments Bank, to transfer its customers' UPI (Unified Payments Interface) payments to other banks.

₹1122.05 against its previous close of ₹1023.70 and jumped 14.7 per cent to the level of ₹1174.65. Around 1 am, Hatsun Agro share price traded 12.73 per cent higher at ₹1,154 apiece on the BSE. Hatsun Agro share price witnessed strong buying interest after the company reported a strong jump in Q4 profit and EBITDA.

Rakhi Sawant finds herself entangled in a legal battle following accusations of leaking an obscene video involving her ex-husband, Adil Khan Durrani. The controversy has escalated to the point where Rakhi has sought legal recourse in the Supreme Court to evade potential arrest.