India Financial News

2) Travis Head (SRH): SRH's Travis Head seems in no mood to be stopping his run-scoring rampage this season. In the latest encounter between SRH and DC, Head scored 89 runs off 32 deliveries, consisting of 11 boundaries and 6 sixes.

Ola Cabs IPO: Ride-hailing aggregator Ola Cabs aims to secure $500 million through its initial public offering (IPO), targeting a valuation of approximately $5 billion, news agency Reuters reported on Friday. As stated by sources in the report, Ola plans to submit its IPO papers for approval to the Securities and Exchange Board of India (SEBI) within the next three months. SoftBank-backed Ola is presently in talks with investment banks including Goldman Sachs, Bank of America, Citi, Kotak, and Axis.

Mahavir Jayanti 2024: Wishes, WhatsApp messages, quotes to share with family “I extend my wishes to the people of the country on the occasion of Mahavir Jayanti. To be part of such a program during the hustle and bustle of elections is comforting," Prime Minister said while addressing the Bhagwan Mahaveer Nirvan Mahotsav. Amid war around the world, PM Modi said, "..Today the world caught in conflict is expecting peace from India.

Ashwini Ponnappa is 34, and Tanisha Crasto is 20. With an age difference of over 13 years, many had expressed scepticism when they decided to team up last year. The Paris 2024 Olympic Games were just a year away, making qualification a challenge, if not impossible. “We had to play the challengers, so you can imagine how far the Olympic qualification was,” said 34-year old Ashwini. The fact that they duly overcame the challenge to earn the chance of representing India at the Paris Olympics in women’s doubles still gives Tanisha “goosebumps”. But before moving forward, let’s see where and how it all began.

Lok Sabha polls just five days away in the state, Kerala Chief Minister Pinarayi Vijayan on Sunday intensified his attack against Prime Minister Narendra Modi and Congress leader Rahul Gandhi accusing them of attempting to cover up the progresses achieved by the state with «lies». Modi and Gandhi have a similar voice while speaking against the southern state, he told a press conference in Kanhangadu here. «A strange phenomenon is happening now in which the Prime Minister and the all India leader of the main opposition party are trying in unison to cover up the state (Kerala) and the progress it achieved with lies,» the Chief Minister alleged. Targeting Modi for his recent remarks against the state government, Vijayan said the Prime Minister had mentioned the other day that corruption thrives in Kerala like in Bihar. Through the statement, the PM is insulting two states at one go, he said.

Market flows into smallcaps and midcaps have been ahead of their earnings due to increased investor appetite for these funds, says Ashish Naik, Equity Fund Manager, Axis Mutual Fund. “I would like to mention here that the small caps and midcaps have seen notable earnings upgrades and some of it is already reflected in their valuations,” he says. Edited excerpts from a chat:

Bajaj Finance, Tech Mahindra, Nestle India, HCL Technologies, Maruti Suzuki, and others are set to unveil their quarterly performances. Additionally, India's purchasing managers indices (PMI) figures will be unveiled on the macroeconomic front.

Health Insurance New Rule: The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age limitation to buy health insurance. Now, with this withdrawal, individuals would be able to buy new health insurance even at 65 years of age. Previously, this group was restricted from getting access to new insurance plans.

Sachin Tendulkar reacts after his earlier prediction about DC vs SRH goes wrong Mumbai Indians had faced Sunrisers Hyderabad earlier in the season at the Rajiv Gandhi International Stadium, where they lost by 31 runs after SRH posted 277/3 in their 20 overs. Soon after the match, DC made a playful remark about SRH's batting during the clash in a post on X (formerly Twitter), saying, "Genuine question to @SunRisers batters, breakfast mein kya khaya aaj? (What did you have for breakfast) #SRHvMI #IPL2024." SRH batters including Travis Head and Abhishek Sharma in full swing when they smashed the DC bowlers all aroud the park and posted a mammoth total of 266/7 in their 20 overs.

Narendra Modi on Saturday dubbed the Congress a vine that does not have roots or branches but sucks dry those who lend support to it. Addressing a rally in Parbhani in Maharashtra's Marathwada region, Modi said the 2024 Lok Sabha elections are all about making India a developed and self-reliant country. In just 10 years, India has traversed a long road of development, said the BJP's star campaigner. The Parbhani Lok Sabha constituency will go to polls in the second phase on April 26.

Gems and jewellery exports declined by 12.17 per cent to Rs 2,65,187.95 crore (USD 32,022.08 million) during 2023-24, compared to the previous financial year due to high interest rates in the US and slow recovery in China, Gem and Jewellery Export Promotion Council (GJEPC) data showed. Gems and jewellery exports in FY23 stood at Rs 3,01,925.97 crore (USD 37,646.17 million), according to GJEPC data. «The last financial year was very challenging for all product categories. This was mainly due to slowdown in the US, India's biggest export market in the segment, due to high interest rates. Also, slow recovery in China post Covid-19,» GJEPC chairman Vipul Shah told PTI. Meanwhile, the overall exports of Cut and Polished diamonds declined by 25.23 per cent during FY24 to Rs 1,32,128.29 crores (USD 15,966.47 million) compared to Rs 1,76,716.06 crores (USD 22,046.9 million) for the same period of previous year.

IMF's Asia and Pacific (APAC) Department. "China is more than four times bigger than India, and in that sense, if India is growing faster today than China, then it should not be surprising," Srinivasan explained, while speaking with ANI.

IPL encounter. The Capitals scored 199 before getting all out.

Imphal: After the conclusion of first phase of the Lok Sabha elections, the Manipur Chief Electoral Officer (CEO) announced that re-polling would be conducted at the 11 polling booths of the inner Manipur Lok Sabha seat. Voting will be held again at these stations on April 22, according to Manipur Chief Electoral Officer. This decision was made following a directive from the Election Commission, which declared the initial polls held on April 19 as void.

NDA challenged by a determined INDIA bloc may be the big story of the ongoing Lok Sabha polls, but in a Bihar seat, the narrative has come to be centred around an Independent candidate. Situated in the state's northeastern corner, Purnea, named after the eponymous district, has been known to literature aficionados as the land where Phanishwar Nath Renu lived and breathed life into famous characters like Hiraman, played on the big screen by Raj Kapoor in 'Teesri Kasam'. In the battle for 2024, the place is hogging the limelight, primarily because of Rajesh Ranjan alias Pappu Yadav, who according to some opinion polls, may turn out to be the dark horse when votes are counted on June 4. This is despite the fact that the NDA candidate is JD(U) MP who is aiming at a hat-trick while the INDIA bloc has thrown its weight behind Bima Bharti, who recently quit Bihar Chief Minister Nitish Kumar's party and was promptly rewarded by arch-rival Lalu Prasad with the RJD ticket.

Odisha has been experiencing a severe heatwave, with the India Meteorological Department (IMD) forecasting no immediate respite. The Met department has warned that the maximum daytime temperature could reach a scorching 45°C over the next 24 hours in several parts of the state. Heatwave Conditions to Persist for Next 2-3 Days According to the IMD, a heatwave prevailed in a few places in the coastal districts of Cuttack, Jagatsinghpur, Kendrapada, Khordha, Nayagarh, and Ganjam, as well as in one or two places in the interior districts of Mayurbhanj, Boudh, Dhenkanal, Nawarangpur, and Keonjhargarh on Saturday. Boudh recorded the highest maximum temperature at 44.3°C, while Phulbani in the plains of Odisha saw the lowest at 20.5°C.

Vodafone Idea FPO: The follow-on public offer (FPO) of Vodafone Idea opened on 18th April 2024 and the follow-on offer will remain open till 22nd April 2024 i.e. till Monday next week. This means investors have just one day in hand to apply for the Vodafone Idea FPO.

April bank holidays: In April 2024, banks across India are slated to close for a total of 12 days. The specific closure dates vary by state, aligning with the Reserve Bank of India's calendar, which accounts for factors such as public holidays, regional observances, as well as regular weekends.

direct tax collections surged by 17.7 per cent year-on-year to Rs 19.58 crore in the fiscal year ended March 2024 and exceeded the revised estimates by Rs 13,000 crore, according to the tax department. While gross direct tax collections (provisional) for the FY 2023-24 rose 18.48 per cent to Rs 23.37 lakh crore, net proceeds (after accounting for refunds) surged 17.7 per cent to Rs 19.58 lakh crore, reflecting buoyancy in the economy and rise in income levels of individuals and corporates. Refunds aggregating to Rs 3.79 lakh crore have been issued in FY 2023-24, the CBDT said in a statement.

BJP's candidate from the Kasaragod Lok Sabha constituency, ML Ashwini, said that support for her party in Kerala is growing due to the developmental initiatives and welfare schemes of the Narendra Modi government at the Centre. «Nowadays, the BJP is growing step by step in Kerala because PM Narendra Modi has brought a lot of developments in India, and the people of Kasaragod and Kerala are among the beneficiaries,» Ashwini told ANI. «After PM Modi became the Prime Minister, he brought drastic development in infrastructure. Not only infrastructure development, we have got some schemes also for the poor people,» she said.

Now a debate has erupted on social media after a chartered accountant (CA) remarked that he didn't understand why people pick the Indian Administrative Service (IAS) despite the poor salary. ''The average salary of an IAS is the starting salary of a CA Why do people prefer IAS?'' CA Chirag Chauhan posted on X, previouisly Twitter.