India Financial News

Raj Bhavan in Kolkata moved the Election Commission of India, urging it to identify and take strong action against officials in the office of the Chief Electoral Officer (CEO) of West Bengal who may have «leaked names of gangsters and goons» to political parties, sources said on Saturday. In the wake of the ongoing general elections, the office of Bengal Governor C V Ananda Bose had, using its own mechanism, compiled a list of suspected criminals across the state who could be used by political parties to intimidate voters on or before poll dates besides creating other law and order situations. In the second week of March, the Raj Bhavan had shared a list of such goons and anti-social elements with top officials of the CEO's office, West Bengal, through the state Director General of Police for appropriate pre-emptive action, an official said. «A few senior officials of the CEO office, West Bengal may have leaked the list of the suspected criminals, provided by the Raj Bhavan, to top political leaders of the state,» the source told PTI and suggested that, in doing so, may have thwarted the governor's attempts to reign in criminal activities during the polls.

Dainik Jagran report said on Saturday. India's chief selector Ajit Agarkar is expected to meet Team India skipper Rohit Sharma and the duo are expected to be finalise the 15-member squad, who will represent India in the T20 World Cup 2024 at USA and West Indies in June.

₹51.2 crore net during its nine-day run in theatres, according to Sacnilk. As per the latest estimates, the film has crossed ₹80 crore mark at the worldwide box office. The movie was released in theatres on April 11 while its premier shows debuted on April 10.

Lok Sabha election 2024: Congress leader Rahul Gandhi on Saturday claimed that currently, 22 Indians have the same money as the population of the remains 70 crore combined. He claimed that Prime Minister Narendra Modi gave these 22 “all the money of banks" and introduced the GST and demonetisation to help them.

private equity and venture capital funds have declined by 1 per cent year-on-year to USD 13.5 billion in the March 2024 quarter, according to a report. However, it was 41 per cent higher compared to the preceding December quarter, the report by consultancy firm EY and industry lobby grouping IVCA said.

Tesla Inc.’s largest-ever round of layoffs and hours before its quarterly earnings, Elon Musk will fly to India to squeeze in a meeting with Prime Minister Narendra Modi. It’s not an idle period for Modi either, who’s criss-crossing states for election rallies days after voting kicked off in the world’s biggest ballot where he’s seeking a third term.

Tesla's Elon Musk likely to unveil ₹3 billion India investment during visit Additionally, he was likely to explore opportunities for his satellite internet business, Starlink, in India, pending regulatory approvals. Musk had in the past called for import duty reduction in India for it to be able to sell Tesla cars in the country.

Espncricinfo, Tom Moody said, “42 years old, still very fit, still very focussed, still very hungry, but the puzzle is, he does not play any cricket coming in and playing in the IPL. It is hard to come out of the cold and suddenly have that expectation to be able to perform at an elite level is near impossible." Wasim Jaffer continued, “It's incredible. Hitting in the death (overs) is the most difficult things, to the bowlers who are in the top of their game and playing international cricket.

Wipro recently announced their January-March quarter results for fiscal 2023-24 (Q4FY24) and reported a full-year decrease in their total employee headcount for the entire fiscal. Cumulatively, the three software services exporters reported a full-year decline of 63,759 in headcount numbers during the entire financial year 2023-24 (FY24) The IT majors also reported a sequential decline in attrition rates, painting a grim picture for employment and hiring trends amid weak global demand and falling discretionary spending.

ICs and IHCs, whose shares are trading at a big discount to their book value, according to the consultation paper. Some market observers believe that the significant difference between market price and book value of these companies is hurting liquidity, fair price discovery, and investor interest.

Why isn't MS Dhoni being promoted up the order for CSK? Stephen Fleming says… Former Australian cricketer Tom Moody has jumped into the debate about Mayank Yadav's inclusion in India's T20 World Cup squad. In an interaction with ESPNCricinfo, Moody praised the young pacer saying, “I've loved what I saw for a first couple of games, it was quite extraordinary to the point you want to see the replays of that game. But you cannot have a knee-jerk reaction and pick him in the World Cup, when he has only played two games and got injured" “You don't really know what he's capable of doing over a long period of time, under pressure and in different roles.

HindustanTimes, she said, “We still have to do a lot of consultation with stakeholders and see what is it that we have to do to make or bring in a framework which will be acceptable to all, primarily retain the level of transparency and completely remove the possibility of black money entering into this." She did, however, added that the Union government has not yet decided whether to seek a review of the ruling made by the Supreme Court (SC). She added, “What the current scheme which has been just thrown out by the Supreme Court brought in was transparency.

LSG vs CSK 2024: Chennai Super Kings (CSK) is struggling against Lucknow Super Giants (LSG) openers as KL Rahul and Quinton de Kock slammed their respective half-centuries in the 177-run chase. But, the MS Dhoni fans have a reason to cheer as the legendary batter joined that elite list of wicketkeeper batters to complete 5,000 runs in the IPL. MS Dhoni's new record came after his explosive 28-run innings on just 9 balls against LSG.

Spacetech startup Digantara, which focuses on space situational awareness, on Friday inaugurated its global headquarters, housing a command and control centre as well as cleanroom.

Concerns that volatile food prices could hurt the battle against inflation dominated the latest meeting of the central bank's rate-setting committee, minutes released on Friday showed, compelling the panel to hold the policy rate. While headline inflation measured by the consumer price index (CPI) cooled a bit from 5.1% in January to 5.09% in February, food inflation rose from 7.58% in January to 7.76%. Food inflation rose primarily driven by vegetables, eggs, meat and fish, the Reserve Bank of India’s (RBI) monetary policy committee (MPC) said.

Tata Consultancy Services, Infosys and Wipro saw a staggering 64,000 employees exiting in FY24, amid a weak demand environment globally and tighter tech spends by clients. Wipro, which announced its Q4 earnings on Friday, reported a fall in headcount numbers to 2,34,054 as of March 2024, against 2,58,570 in the year-ago period. Headcount declined by 24,516 during the financial year ended on March 2024.

Aman Sehrawat missed out on securing a berth for the Paris Games after losing his semifinal at the Asian Olympic Qualifier while Deepak Punia and Sujeet Kalkal were not allowed to compete after they reported late for weigh-in, here on Friday. Competing in 57kg category, Aman began in tremendous fashion, trampling his first two rivals — Yerassyl Mukhtaruly and Sunggwon Kim — by technical superiority but was pinned by Uzbekistan's Gulomjon Abdullaev after falling behind by 10 points.

₹8,070 crore for electrification, with nearly half now expected to be spent in FY25, the person quoted above said. Query sent to the ministry of railways remained unanswered till press time. This electrification push is part of Indian Railways' strategy to reduce its annual fuel bill of over ₹15,000 crore.

supply policy unchanged till the second half of 2024. The International Monetary Fund (IMF) has described an "adverse scenario" in which an escalation of conflict in the Middle East would lead to a 15 per cent jump in oil prices and higher shipping costs that would hike global inflation by about 0.7 percentage points. Global brokerages such as Morgan Stanley has lifted its third quarter Brent crude oil forecast by $4 per barrel to $94 .

On the BSE, Mahalaxmi Rub(down 27.35 per cent), Deco-Mica Ltd(down 10.00 per cent), Super Bakers(down 9.98 per cent), Vinayak Polycon(down 9.78 per cent) and Mid India Ind(down 9.72 per cent) stood among the top losers in today's trade.

Mumbai: The Reserve Bank of India (RBI) has approved the appointment of Ajith Kumar KK as the managing director and chief executive of Dhanlaxmi Bank for three years, replacing JK Shivan.