India Financial News

UltraTech Cement will be investing more than ₹800 crore on strengthening its presence in Maharashtra, with the buyout of a unit and adding capacity through brownfield expansions. The country's largest producer of cement will be buying a 1.1 million tonne grinding unit at Parli in Maharashtra from The India Cements for ₹315 crore. «This purchase will help the company to strengthen its presence in the rapidly growing Maharashtra markets,» the company said.

CJI Chandrachud said, “I think that the enactment of three new criminal laws by the Parliament is a clear indicator that India is changing. India is on a move, and we do need new legal instruments to deal with the current challenges that we envisage for the future of our society…" "These laws signify a watershed moment for our society because no law affects the day-to-day conduct of our society like the criminal law.

Unified Payments Interface (UPI) services by the end of 2024, reported Business Standard. As of now, the deadline to bring this change remains unchanged i.e., December 2024. “There is still time for it.

Also Read | Elon Musk may announce Tesla's entry in India after meet with PM Modi on April 22: Report Additionally, the Financial Times earlier this month reported that Elon Musk had sent a team to India in April to scout for sites for a proposed $2 billion to $3 billion electric car plant. Musk was reportedly poised to disclose plans for injecting nearly ₹3 billion into the Indian market, primarily earmarked for the establishment of a new manufacturing facility.

Bengaluru rains: Light showers bring relief to city amid heat wave conditions “Thunderstorm with lightning accompanied by gusty winds with wind speed reaching 30-40 kmph likely at isolated places over the state on April 19 to April 21," the weather report added. And other cities of Karnataka may experience wet spells till April 23. However, despite the rainfall, there won't be a significant change in the maximum temperature.

inflation to the 4% target on a durable basis,” Reserve Bank of India (RBI) Governor Shaktikanta Das said in the minutes of the rate-setting panel’s last review meeting.

HDFC Bank Q4FY24 Results: Indian private sector bank, HDFC Bank is gearing up to post its fourth quarter of Financial Year 2024 on April 20. Analysts expect the banking sector to report relatively soft earnings during the January - March 2024 quarter characterised by net interest margin (NIM) pressure, steady loan growth but softer deposit growth, and cost pressures with the impending impact of wage hikes and pension provision for a few.

Shares of Sun Pharmaceutical Industries Ltd.(up 0.43 per cent), Pfizer Ltd.(up 0.41 per cent), Natco Pharma Ltd.(up 0.34 per cent) and Abbott India Ltd.(up 0.25 per cent) ended the day as top gainers in the pack.

BJP in Assam is banking on beneficiaries to win maximum number of Lok Sabha seats. Beneficiary model is hugely debated this election in Assam. BJP is campaigning that its schemes does not discriminate against any community and encompasses all. The party in election rallies have promised to further expand the beneficiaries. BJP in 2019 has wrested nine out of 14 Lok Sabha seats. However, there is realignment of constituencies and areas in Assam after the last year's delimitation exercise of constituencies. BJP and its allies are targeting to win over 12 seats in Assam.

Polling personnel in six eastern districts of Nagaland waited for nine hours in booths, but not one of the four lakh voters of the region turned up following a shutdown call given by an organisation to press for its demand for 'Frontier Nagaland Territory' (FNT). Chief Minister Neiphiu Rio on Friday affirmed that the state government does not have any problem with the Eastern Nagaland People's Organisation's (ENPO) demand for FNT as it has already recommended autonomous powers for the region.

Indian student at the University of Massachusetts was found dead in March, sparking an investigation into his death as an apparent suicide. The 20-year-old student, whose identity has been withheld at his family's request, was discovered on March 8. The case has drawn attention to the infamous "Blue Whale Challenge," an online game associated with dangerous dares and self-harm. The student, a first-year at the University of Massachusetts, was reportedly engaged in the game, which involves completing escalating challenges over a 50-day period, culminating in self-harm and suicide tasks.

Zomato has received a tax demand and penalty order of Rs 11.82 crore related to GST on export services provided to its subsidiaries located outside India from July 2017 to March 2021. The order was passed by the Additional Commissioner, Central Goods and Services Tax, Gurugram, raising the GST demand of Rs 5,90,94,889, with applicable interest (not quantified) and penalty of Rs 5,90,94,889. «We believe that we have a strong case on merits, and the company will be filing an appeal against the order before the appropriate authority,» Zomato stated in a regulatory filing late evening on Friday.

FPIs have turned net sellers not just in the Indian equity market but also in the debt market for the first time since March last year. «A major trend in FPI activity this month is that FPIs have turned sellers into debt after sustained buying for several months. In April through 20th, FPIs sold debt worth Rs 12,885 crore. This again is the consequence of the rising US bond yields and the concern regarding rupee depreciation,» said Dr. V K Vijayakumar of Geojit Financial Services.

DK Shivakumar for allegedly threatening voters to vote for Congress in exchange for Cauvery water supply. An FIR has been lodged against Deputy Chief Minister DK Shivakumar for violating the MCC while addressing apartment owners in RR Nagara, according to ANI. The action comes after the BJP filed a complaint with the EC, alleging that Shivakumar violated the moral code of conduct.

TikTok user, wrote and produced a song called “Heart on my sleeve”. It sounded just like the Canadian rapper Drake and the singer-songwriter The Weeknd. The song went viral, racking up 15 million views on TikTok and hundreds of thousands of views each on Spotify and YouTube. But neither Drake nor The Weeknd had a clue about the song. They hadn’t sung a single line. Their vocals were generated by artificial intelligence (AI). The machine has moved on from synthesising sounds to generating singing voices. AI is on song everywhere. Anshuman Sharma and Aditya Kalway, two young producers assisting the music composer duo SalimSulaiman, recreated “Haule haule ho jayega”—the hit song in Shah Rukh Khan’s Rab Ne Bana Di Jodi—in the voice of Mohammed Rafi. “We came across some AI vocal models that could produce the voices of Indian singers like Kishore Kumar, Rafi and Sonu Nigam,” recalls Sharma. In September 2023, Kalway sang “Haule haule” in Rafi’s signature style, put it through a vocal filter and musically arranged it like a 1970s LaxmikantPyarelal romantic ditty. Its Instagram Reel got 2.6 million views and cheers from the music industry, including Vishal Dadlani, Shaan and Sonu Nigam.

Follow Lok Sabha Election 2024 Phase 1 Voting LIVE Updates here In Phase 1 of the Lok Sabha Elections 2024, polling has been completed for 10 states/UTs, along with polling for state assemblies of Sikkim and Arunachal Pradesh. These 10 states/UTs are Tamil Nadu, Sikkim, Nagaland, Mizoram, Arunachal Pradesh, Lakshadweep, Puducherry, Meghalaya, Uttarakhand and Andaman and Nicobar Islands. The voter turnout of around 60 percent was recorded across the 102 Lok Sabha seats till 7 pm.

WZ-7 Soaring Dragon drone of the Chinese People's Liberation Army was spotted flying in close proximity to the Philippines, ahead of preparations by the Southeast Asian country to receive the delivery of Indian BrahMos supersonic cruise missiles, The Eurasian Times reported. According to the report, the distinctive joined-wing shape of the WZ-7 drone caught the attention of Raffy Tima, a correspondent for Philippine news organisation GMA News, as it traversed the skies over the West Philippine Sea, an area within the South China Sea to the northwest of the Philippines. The timing of this sighting is significant amid escalating tensions between China and the Philippines over territorial disputes, notably the Second Thomas Shoal and Scarborough Shoal, in the South China Sea, the report noted. The acquisition of the BrahMos missiles from India is perceived as a strategic move by the Philippines to enhance its defensive capabilities to counter China's assertiveness in the region.

Amit Shah said on Thursday that on one side there is Rahul and Priyanka Gandhi who take vacation abroad every three months and on the other side, is Narendra Modi who does not take leave even on Diwali. Addressing a public meeting here today, Amit Shah exuded confidence in winning all the 25 seats in Rajasthan. «Rajasthan is going to give all 25 seats to Modi ji for the third time by doing a hat-trick. This election is clearly divided into two camps. On one side there is Congress which committed Rs 12 lakh crore scam and on the other side there is Narendra Modi, on whom nobody can put allegations of even 25 paisa. On one side there is Rahul baba and his sister who take vacation abroad every three months and on the other side there is Narendra Modi who does not take leave even on Diwali,» he said.

Punjab Kings and Gujarat Titans will be desperate to arrest the slide and get back to winning ways in their Indian Premier League match here on Sunday. Former champions GT have slipped to eighth position in the pecking order after an embarrassing loss to Delhi Capitals at home, where they were bowled out for 89 to suffer their third defeat in four matches. PBKS are struggling in the ninth place following a nine-run loss to Mumbai Indians away on Thursday night, the margin of defeat made respectable by an incredible rearguard act by the in-form young duo of Ashutosh Sharma and Shashank Singh after the team was tottering at 14/4 in a chase of 193. Five losses and two wins in seven outings hardly inspire confidence and irrespective of the fact that their upcoming opponents are also struggling to get their act right, PBKS will have their task cut out in front of their fans, who had little to cheer about so far this season at the newly-inaugurated home venue.

emergency fund. Unexpected expenses can arise when you least expect them, and without financial backup, you may end up resorting to high-interest loans or depleting your savings. “Aim to keep between 3 to 6 months' worth of income in an easily accessible account to secure yourself during uncertainties," advises Ashish Aggarwal, Director at Acube Ventures.