India Financial News

MoneyControl report citing a senior government official said on Tuesday. The official, who spoke to MoneyControl on the condition of anonymity, said the speculated announcement won't be "sit-specific" because for that, Tesla would require a board approval. "It is more of a signaling." “Expect a general announcement that the US-based EV (electric vehicle) maker is coming into India not a site-specific one.

high crude oil prices threatens to widen the trade deficit in the current fiscal. According to a research report by ICICI Bank, if crude oil prices remain in $80-90/barrel range, trade deficit should be $266 billion for FY25. It could go up to $276 billion if oil prices move up by another $10 per barrel.

₹2.5 lakh, while that of AgustaWestland 109S, a twin-engine helicopter, has increased by about 27% to ₹3.5 lakh. Rates for Beechcraft Super King Air 250, a civil aircraft, have spiked 57% to ₹2.75 lakh an hour. Meanwhile, data from the Airports Authority of India, the body responsible for managing the country’s civil aviation infrastructure, hints at increased usage of private jets for election campaigns.

MUMBAI : After investing about $2 billion in India last year, Swedish private equity firm EQT is lining up deals that could lead to another $5 billion worth of investments in the country this year. EQT got its first taste of India in October 2022 after it acquired Baring Private Equity Asia—which once owned Hexaware Technologies Ltd—and has since signalled a strong investment appetite for the country.

Rafael Nadal returned from injury at the Barcelona Open, marking his first ATP Tour appearance since January due to a hip issue. The 22-time Grand Slam winner missed several tournaments in 2023 due to injuries.

intercepted a suspicious dhow on Monday and apprehended 940 Kg narcotics from it. The operation, executed with precision by the ship's specialist boarding teams and MARCOs (Marine Commandos), resulted in the confiscation of a staggering 940 kilograms of contraband narcotics. The seized drugs, indicative of illicit trafficking activities in the region, are being disposed of in accordance with the established procedures outlined in the CMF (Combined Maritime Forces) Standard Operating Procedures (SOPs).

Kolkata Knight Riders' opener and full-time spinner, Sunil Narine, scored his maiden century in the Indian Premier League (IPL) on Tuesday against Rajasthan Royals, putting up a complete show at the iconic Eden Gardens. Narine's 49-ball 100 is also his first in the shortest format of the game. The West Indies spinner has played 168 IPL matches and has over 1,322 runs with the highest score of 109. His strike rate is an impressive 164.84.

India opened up its market for several US products which have benefitted American farmers, a top Biden administration official told lawmakers on Tuesday. The steps taken by India have given more market access for turkey, duck, blueberries, and cranberries benefiting farmers from several American states, US Trade Representative Katherine Tai told members of the House Committee on Ways and Means on President Biden's 2024 Trade Policy Agenda. «Last June, India and the United States terminated six WTO disputes, and India agreed to remove retaliatory tariffs on several US products,» Tai said. «This means improved access for chickpeas, lentils, almonds, walnuts, and apples benefiting farmers across the country, including in Michigan, Oregon, and Washington,» she said.

EQT. That in turn is translating to unprecedented deal volumes. “It's one of the most active deal pipelines we've ever had here,” said Jean Salata, Chairperson EQT Asia. “We're looking at deals worth $5 billion that could close before the end of this calendar year. It's really, it's really ramped up. A single deal we are looking at is $2. 5 billion, and there's several others that are sort of in the $1 billion range.” India has been the single largest geography for the firm’s Asian investment programme by far, representing about 40% of the total portfolio, Salata said. It’s also the strongest performing geography.

Tejashwi Yadav on Tuesday questioned the absence of Bihar Chief Minister Nitish Kumar from the BJP's election rallies in the state. The former deputy chief minister made the remark while referring to the absence of Kumar, the JD(U) president, from rallies addressed by Prime Minister Narendra Modi at Gaya and Purnea earlier in the day. «Where is Nitish Kumar ji? Why is the BJP not inviting him to its rallies? He could not be seen at either rally of the PM on Tuesday. I still have respect for the CM… BJP, which is his current ally, needs to come clean on the matter,» Yadav, whose RJD lost power after Kumar's return to the NDA in January, told reporters here in the evening. Retorting sharply to the PM's charge that the RJD was against development and his question whether the party's election symbol lantern could charge a smartphone, Yadav said, «What does it mean? Can the mud in which lotus (BJP poll symbol) grows be used for charging mobile phones?»

New Delhi: Veteran air warrior Squadron Leader (retd) Dalip Singh Majithia, who joined the Indian Air Force during the tumultuous years of World War II and distinguished himself as a «fearless aviator» during his career, has died. He was 103. The centenarian, who had «over 1,100 flying hours to his name», including missions in aircraft such as Hurricanes and Spitfires, passed away at Uttarakhand's Rudrapur in the early hours of Tuesday, IAF sources said. He was affectionately called 'Maji' by his fellow air warriors. Sqn Ldr Majithia's leadership skills were forged and tested in the crucible of war, they said.

“unaccounted for water" is just 5 percent, compared to Delhi’s 58 percent. Even other Indian cities fare much better than Delhi - Chennai (35 percent), Mumbai (27 percent), Pune (35 percent). In 2015, of the 906 MGD of water treated, only 498 MGD was accounted for.

Also Read: Explained | Why are crude oil prices elevated after OPEC+ policy decision and how will it impact India? Primorsk on the Baltic handled 10 tankers in three of the past four weeks, possibly reflecting a diversion to exports of crude that would have been processed at refineries hit by Ukrainian drones. The port hasn’t handled more than 11 tankers in a week in data back to the start of 2022. Refining rates are languishing near an 11-month low as repairs continue.

NEW DELHI : The Delhi High Court on Tuesday intervened for release of 73.59% of Jindal India Thermal Power Ltd’s shares pledged with a consortium of lenders led by Punjab National Bank. The power company had moved a writ petition in the high court saying that although it had fully paid the resolution amount of ₹2,450 crore before the scheduled date of payment the lenders had refused to release the pledge on the shares.

Lok Sabha elections 2024: Haryana's regional party Jannayak Janta Party (JJP) on Tuesday released it's first list of candidates for the 2024 Lok Sabha polls. The JJP, once an ally of the Bharatiya Janata Party, has named candidates for five constituencies for the 10 Lok Sabha seats in Haryana. Singer-rapper Rahul Yadav, famously known as Fazilpuria, will be contesting from Gurugram on JJP ticket.

Vivo V30e, leaks about its display and camera specifications have surfaced. As per 91 Mobiles, the Vivo V30e is expected to feature a 3D curved display and is rumored to be remarkably thin, making it possibly the thinnest smartphone to pack a 5,500 mAh battery. The reported leaks also suggest that the rear camera setup may include a Sony IMX882 sensor with optical image stabilization (OIS), along with the signature aura light reminiscent of the Vivo V30 and V30 Pro.

₹3.4 trillion debt while working on reducing the debt servicing obligations of the highway developer, which is also the prime agency for surface infrastructure development in the country. The Centre is in talks with the NHAI’s long-term bondholders for prepayment, the second person said, also on condition of anonymity, adding the roadmaker's interest payments are taking up a big chunk of the government’s annual budget allocations. The NHAI has raised funds through fixed coupon rate bonds with tenures of five, 10, 15, 20, 25 and 30 years.

₹1430 and ‘Accumulate’ rating on Mahindra Logistics and Delhivery with a target price of ₹500 and ₹510. Also read: Technical pick: Anand Rathi forecasts near-term upside potential for this small-cap stock “The logistics sector is mainly dominated by the movement of goods via roads (~71% of volumes and ~65-70% of transportation revenues). Overall, est.

ALSO READ: ‘Rubbish bowling to be honest’: Irfan Pathan slams RCB's pace attack as SRH score climbs to 205/2 in 15 overs According to Sehwag, that first thing that RCB should do is fill Indian support staff which would make the domestic players in the team comfortable. Currently, RCB is filled with overseas star power including Andy Flower is the head coach, while Adam Griffith is overseeing the bowling coach responsibilities. "If you have 12-15 Indian players, just 10 overseas and your entire staff is made of foreigners, that's an issue.

Top news of the day: On 16 April, a series of events are set to take place right from politics to business. Indian stock market benchmarks the Sensex and the Nifty 50 ended with losses for the third consecutive session. Aam Aadmi Party released a list of 40 star campaigners for Gujarat.

Ramkumar, a retired school principal hailing from this port city, and his family came to know about the proud achievement of their son Siddharth through the television news. Siddharth Ramkumar is the all-India fourth rankholder and state topper in the UPSC Civil Services Examination 2023. He is currently undergoing IPS training in Hyderabad after securing 121 rank in the civil services exam last year, the family said.