India Financial News

heatwave days, with certain regions facing over 20 days of scorching conditions. Andhra Pradesh, Bihar, Gujarat, Jharkhand, Madhya Maharashtra, Madhya Pradesh, Marathwada, Odisha and Vidharba are predicted to record more heatwave days, some even more than 20 days of the month. The intense heat poses risks to power grids and may lead to water shortages in various parts of the country, the weather department has warned, PTI reported.

Bharatiya Janata Party (BJP) comes to power in the Lok Sabha Elections 2024. There will be no opposition in India, Mann said. “These polls are very important.

ALSO READ:IPL 2024 Orange Cap: Virat Kohli still at the helm, Travis Head moves to 2nd spot. Check full list after DC vs SRH match Tricking the Eden crowd, Kohli marked his bowling run-up in the KKR innings as he removed his purple cap before he started marking his run-up. But then he stationed himself at mid-off as pacer Mohammed Siraj took charge of the RCB bowling attack.

Taigun GT Line and Taigun GT Plus Sport showcase a striking black sport-themed design, setting them apart with a bold visual identity. Speaking of the exterior upgrades, the SUV gets tinted LED headlights, a Carbon Steel Grey roof, striking red-painted GT badges and brake calipers, along with stylish dark chrome door handles.

suspicious transactions during the course of general elections, according to multiple senior executives in the know. In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent any potential misuse of electronic fund transfer mechanisms to influence voters or indirectly fund poll candidates.

Edited excerpts: The intention of regulation is to create checks and balances in the market where there is a significant rise, driven either by flows or by a huge participation coming from high networth individuals (HNIs) and retail. Some elements of checks and balances need to be created. Whatever the noise emanating from the regulation is more intended towards that (checks and balances) so that people don't assume that the market will continue to rise.

Wipro and Infosys’ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi, along with 167 other companies. Other big players across sectors, like HUL, Indian Hotels, OFSS, Bajaj Finance among others will be seen reporting their results.

Amit Premchandani, Senior Vice President and Fund Manager – Equity of UTI AMC is positive about the BFSI (banking, financial services and insurance) sector due to impressive loan growth, robust asset quality and adequate liquidity. He is also neutral to positive on the IT sector and believes value is emerging in the large-cap IT space. In an interview with Mint, Premchandani also shared his views on how the General Election outcome could impact the domestic market and what should investors do with mid and small-cap segments.

Yashasvi Jaiswal scored a hundred as table-toppers Rajasthan Royals defeated Mumbai Indians by nine wickets in their Indian Premier League match here on Monday. Sandeep Sharma grabbed a maiden five-wicket haul to help Rajasthan Royals restrict Mumbai Indians to 179/9. Following a rain interruption, RR completed the chase of 180 with eight balls to spare. Regaining his form, opener Jaiswal finished as RR's top-scorer with 104 off 60 balls. Earlier, Trent Boult (2/32) dismissed Rohit Sharma (6) in the first over, while Sandeep (5/18) claimed the wickets of Ishan Kishan (0) and Suryakumar Yadav (10) in successive overs to reduce MI to 20/3 after they opted to bat.

MUMBAI : Adani Green Energy Ltd is close to raising $400-500 million from at least two Europe-based funds, two people aware of the deal said. Billionaire Gautam Adani's family members and associates hold 53.67% in Adani Green Energy, the group's second-largest subsidiary with a market value of over ₹2.8 trillion. The company will need to sell new shares worth about 1.5% stake to raise the amount, going by its current market price.

Narendra Modi on Sunday said that India is now projecting with self-confidence the mantras of truth and non-violence globally as a solution to the problems facing the world and its cultural image is playing a big role in it as well. Addressing the 2,550th Bhagwan Mahaveer Nirvan Mahotsav here, Modi said his government put emphasis on promoting heritage as well as material development when it came to power in 2014 at a time when the country was engulfed in despair, a swipe at the previous UPA dispensation. Referring to the Lok Sabha polls, he said a big festival of democracy is happening «and, the country believes from here a new journey into future will also begin». He cited his government's promotion of Indian heritage like yoga and Ayurveda, asserting that the country's new generation now believes that self-pride is its identity.

Himanta Biswa Sarma, who has been claiming that BJP will win all five seats of first phase polling, to resign if Gaurav Gogoi wins from Jorhat constituency. Addressing a press conference here, Borah also criticised Sarma over his dance moves in campaign meetings and said he should join films if he wants to entertain people. In almost all his campaign meetings, Sarma ends his speeches by dancing to BJP's theme song, being used since the last Parliamentary election — 'Akou ebar Modi sarkar' (Modi's government, once more). «The CM is saying that BJP will win all the five seats of Upper Assam. I am directly challenging him: will he resign if Gaurav Gogoi wins from Jorhat?» asked the Congress leader.

—Name withheld on request

₹18,000-crore follow-on public offer, the largest so far by an Indian company, was oversubscribed more than six times on Monday, the last day of bidding, led by qualified institutional buyers that subscribed 19.3 times the portion reserved for them. The FPO, which is larger than the ₹15,000-crore FPO by Yes Bank in 2020, had opened for anchor investors on 16 April and retail investors on 18 April, closed on Monday.

ALSO READ: T20 World Cup | BCCI meeting over Hardik Pandya’s selection; here’s what Rohit, Dravid, Agarkar decided: Report Pant in now Delhi Capitals' highest run-scorer this season with 210 runs in seven matches, with a high-score of 55. Compared to Pant, RR captain Sanju Samson is in fine batting form and smacked 276 runs in 7 IPL games, while Rahul has registered 286 runs in seven fixtures. On being asked whom should India send to West Indies for T20 World Cup, legendary Australian opener and all-time great wicketkeeper Adam Gilchrist preferred Pant as his first-choice.

Vijay Kedia portfolio: Ace investor of the Indian stock market Vijay Kedia's company kedia Securities name has appeared in the shareholding pattern of Reliance Infrastructure Ltd. kedia Securities' name has appeared in the shareholding pattern of Anil Ambani-led company's shareholding pattern for the January to March 2024 quarter. The market magnate owns a 1.01 percent stake in this Reliance ADAG company.

ISRO) said on Monday an analysis of decades of satellite imagery has revealed that glaciers across the Indian Himalayas—often called the Third Pole because of extensive glaciers and snow cover—are melting at an unprecedented rate, resulting in significant expansion of the glacial lakes. “This retreat leads to the formation of new lakes and the enlargement of existing ones in the Himalayan region.

NEW DELHI : India's top food regulator, the Food Safety and Standards Authority of India (FSSAI), will conduct sampling of major spice and infant nutrition brands in India, a senior government official said requesting anonymity. The move follows two separate reports of alleged food violations by brands in spices and infant nutrition categories. FSSAI has deployed state food commissioners and issued orders for samples of major spice brands to be taken from their manufacturing units pan-India, the official said.

Creditors to Lavasa Corp invoked the ₹25-crore performance bank guarantee (PGB) by Darwin Platform Infrastructure (DPIL) earlier this month, citing non-compliance of the corporate insolvency resolution process (CIRP) timeline. This came nine months after the National Company Law Tribunal had approved the transaction. The invocation of the guarantee means that the monitoring committee to implement the plan has now been dissolved and the CIRP process has been halted, putting the decision on the future of the private hill town project back before the NCLT. «Lenders took a decision to invoke the guarantee because there was no movement on completion of the deal from Darwin. The upfront payment of ₹100 crore had to come within 90 days from NCLT order, which came in July, which is long overdue. Lead lender Union Bank has expressed its no confidence in the resolution applicant, so this was a logical move,» said a person familiar with the process.

Mint, EssenceMediacom’s APAC CEO Rupert McPetrie, and South Asia CEO Navin Khemka, shared insights into the merger journey, the imperatives guiding their approach, and the roadmap for future growth. Edited excerpts: Rupert McPetrie: Bringing together these two businesses was an extraordinary moment for us—merging two robust agencies, each with a stellar client list and a wealth of talent. Our aim wasn't merely to combine them; it was to forge something entirely new.

₹2.5 lakh to ₹20 lakh over 15 years. An education loan typically covers the essential course fees along with ancillary expenses such as college accommodation fees, examination fees, and other miscellaneous charges.Also Read: How to plan educational loan repayment effectively? MintGenie explains The primary borrower for an education loan is the student themselves.