India Financial News

Rahul Gandhi alleged on Tuesday alleged that CBI, ED and Income Tax cases go away only when businessmen pay money to the BJP. “The system is very simple. They will send CBI, ED, and the Income Tax department to some businessmen.

Indian stock market today: After Hindenburg Research raised concern over the debt positioning in Adani Group shares, Ahmedabad-based Indian conglomerate Gautam Adani had a big relief in January 2024 when the Supreme Court of India delivered its ruling that the Indian business house doesn't need any further investigation. It seems this Supreme Court ruling at the beginning of Q4FY24 worked in favour of the Adani group shares as FIIs raised stakes in six Adani group companies. Those six Adani group companies are Adani Enterprises, Adani Ports, AdaniPower, Adani Green Energy, Adani Wilmar, and Adani Total Gas.

stress test and liquidity analysis in respect of small cap funds revealed that the time period required to liquidate portfolio has reduced, albeit marginally. Axis small cap fund will now need 27 days to liquidate 50 percent of their portfolio and 13 days for 25 percent of portfolio against 28 days and 14 days, respectively, the table below shows.

ALSO READ: UPSC CDS-1 Exam on April 21. Here is direct link to download the admit card Presently he is undergoing IPS training in Hyderabad. Aditya has graduated from Indian Institutes of Technology (IIT) Kanpur with B.Tech-M.Tech dual degree course.

L&T: MOSL predicts that Larsen & Toubro's (L&T) growth trajectory will be steered by an 18% surge in order inflows, propelled by a robust pipeline of prospects. Additionally, a gradual rebound in core Engineering, Procurement, and Construction (EPC) EBITDA margin is projected to reach 9.1% and 9.7% by FY25 and FY26 respectively. MOSL highlights the emergence of green shoots and expects ordering to gain momentum post elections, leading to a sector-wide valuation re-rating.

Open your eyes bro, open your mind bro Nine out of 10 traders, losing their money bro Looks like a simple puzzle, but not at all so No one could solve it ever, it's a fact you should know Treat market as a business, not like a casino Long-term investing is the only way to grow. Thus goes the lyrics of a music video on YouTube with a simple message asking people to be cautious about their investment methods. The messenger, and singer, is none other than ace investor Vijay Kedia, who also wrote the lyrics and acted in it. This music video is his seventeenth, and like all the ones before it, is dedicated to the stock market.

Lok Sabha elections 2024: As Tuesday marked the first month since Model Code of Conduct (MCC) for the 2024 Lok Sabha polls came into effect, the Election Commission of India (ECI) in a report said it is “broadly satisfied with the compliance of the code by political parties". The polling agency said that it has treated all the political parties and candidates for the general elections at par and has ensured enforcement of a “level-playing field" for all.

Coal India’s capital expenditure has increased 6.5% in FY24 to ₹19,840 crore. It is the highest ever capex recorded by Coal India in a year. "Comparatively, the capex was ₹18,619 crore in the preceding fiscal year.

Union Public Service Commission (UPSC) on Tuesday declared the results for the Civil Services Exam 2023, with «Aditya Srivastava» securing the top rank. «Animesh Pradhan» and «Donuru Ananya Reddy» secured the second and third ranks respectively, it said.A total of 1,016 candidates cleared the examination and have been recommended for different central government services, the UPSC said. The Civil Services Exam is conducted annually in three stages — preliminary, main and interview — by the UPSC to select officers of Indian Administrative Service (IAS), Indian Foreign Service (IFS) and Indian Police Service (IPS), among others. Click here to download the full UPSC CSE 2023 Exam Result Here

renewable energy firm GPS Renewables has raised $50 Million (Rs 411.50 Crores) in debt financing from a clutch of private and public sector banks, and non-banking financial companies including Punjab National Bank, HDFC, Yes Bank, and HSBC Bank among others. The funds will be used for its nationwide execution of compressed biogas plants. GPS Renewables provides end-to-end solutions for the development, production, and distribution of biofuels.

FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX), an express transportation companies, has launched the FedEx Import Tool (FiT), a solution designed to address the increasing complexities and volumes of imports in India. This timely launch is noteworthy as India has experienced a significant 12.2 percent increase in merchandise imports, reaching $60.11 billion in February 2024 from $54.4 billion in January of the previous year. There is a need for smarter, more efficient solutions to manage the complexities of the import sector. FiT, with its integration of advanced technology and user-focused design, is set to transform the import process, enhancing efficiency, compliance, and the overall end-to-end shipment journey. Developed in India, FiT stands as a testament to the local innovation aimed at addressing global challenges. It will be released in other FedEx markets globally in a phased manner. Key features of this comprehensive, single-window platform include: ·A unified self-service platform to streamline the shipping process by centralizing document management and shipment tracking.

Congress on Tuesday took strong objection to the criticism directed at it by the Indian envoy to Ireland while responding to an Irish daily's editorial, saying that attacking opposition parties openly in a manner like a «party apparatchik» was «disgraceful behaviour» and the ambassador should be sacked. Congress general secretary Jairam Ramesh hit out at Indian Ambassador Akhilesh Mishra over his remarks in his «rejoinder» to The Irish Times over what the embassy said was a «highly biased and prejudiced editorial, casting aspersion on Prime Minister of India, Shri Narendra Modi, Indian democracy, law enforcement institutions & 'Hindu-majority' people of India». In the rejoinder, Mishra said, «Further to 'The Irish Times' view on the Indian election: Modi tightens his grip» (April 11th), Indian prime minister Narendra Modi enjoys unprecedented popularity and profile not only in India but globally because of his impeccable personal character and integrity and thought-leadership on innovative, inclusive governance and sustainable development."

West Bengal, Chief Minister Mamata Banerjee on Tuesday said that PM Narendra Modi who accuses her TMC of corruption should look in the mirror first. Addressing an election rally at Moinaguri in Jalpaiguri district, Banerjee said it was the TMC which is fighting the BJP in the state, while the CPI(M) and Congress were working with it. «BJP had sent 300 central teams to Bengal to investigate the allegations of corruption but they didn't find anything. Now, PM Modi needs to answer the people of Bengal, what happened to the MGNREGA funds? Poor people worked under the scheme but were not paid,» she said, demanding a white paper into the investigations. «The PM says TMC is a corrupt party. He should look in the mirror first. His party is filled with dacoits,» she added.

inflation in India, improving productivity growth alongside external factors, economists now expect the Reserve Bank of India to hold the rates steady and expect no easing in FY25. A report by Morgan Stanley on Tuesday said that the RBI is likely to keep the policy rate steady at 6.5 per cent due to global factors such as higher commodity prices, delayed start or shallower easing from the Fed and a stronger dollar. In addition, the decision also depends on domestic factors such as continued upside surprise in growth, driven by capex and productivity, implying higher equilibrium real rates.

Navi Mumbai has become the latest victim of cyber fraud, losing a substantial sum of Rs 45.69 lakh in a share trading scam, as revealed by an official statement on Tuesday. The victim, whose identity remains undisclosed, was reportedly approached by a group of cyber criminals through various social media platforms. These individuals, promising lucrative returns, convinced the victim to invest in share trading between March 2 and April 14. Despite investing nearly Rs 45.69 lakh during this period, the victim failed to receive any returns on the investment, leading to significant financial repercussions. In response to the victim's complaint, the cyber police station has taken swift action, registering a First Information Report (FIR) against five suspects. The charges include «cheating» under Section 420 of the Indian Penal Code and «criminal breach of trust» under Section 406, among others. Law enforcement authorities are actively pursuing the case, employing various investigative techniques to identify and apprehend the accused.

Dolly Khanna portfolio: Selan Exploration Technology share price has been on an uptrend since mid-March 2024. After bottoming out at ₹410 apiece level on 14th March 2024, Selan Exploration share price has been rising to new peaks regularly. This Dolly Khanna latest portfolio entrant today opened upside at ₹599 apiece and went on to touch an intraday high of ₹683.70 per share on NSE within an hour of the stock market's opening bell.

Lok Sabha polls: Congress fields Ex-Himachal CM's son against Kangana from Mandi The High Court in November 2023 scrutinised the adherence to safety regulations in river rafting and other adventurous sports. At that time, the court noted shortcomings in safety regulations and pointed out that the operators of river rafting violated Rule 11(b) of the Himachal Pradesh River Rafting Rules, 2005.

New York to Mumbai and from Mumbai to London, respectively, on April 13 and April 14 above the Persian Gulf and Gulf of Oman when the shadow of a conflict between Iran and Israel loomed large, showed data by Flightradar24, a website that tracks flights. Iran attacked Israel over the weekend, firing at least 300 drones and missiles. Iran’s military assault was expected for days after tensions between the two countries ratcheted up on April 1, when fighter jets struck a building that is part of the Iranian Embassy at Damascus in Syria.

Also Read: Stock market holidays in April 2024: NSE, BSE to remain shut on these two days As per the BSE, the Equity Segment, Equity Derivative Segment, SLB Segment and the Currency Derivatives Segment and Interest Rate Derivatives segments will remain closed for trading on Wednesday, April 17. The Commodity Derivative Segment on the Multi Commodity Exchange of India Limited (MCX) will remain shut for the morning session, while the evening session will be open on Wednesday, April 17.

Hardik Pandya should not be selected for T20 WC. But, he will be there." Another one said, “Remove Hardik Pandya from that 15 please." “Picking best side is the primary job to ensure the trophy. I don't think we should include Hardhik Pandiya in our team.

₹300 crore, and an offer-for-sale (OFS) of up to 8,421,052 equity shares of a face value of ₹2 each by the promoter selling shareholders, Goutam Rampelli (up to 1,122,807), JNK Global Co. Ltd (up to 2,432,749), Mascot Capital and Marketing Private Limited (up to 4,397,661), and individual selling shareholder Milind Joshi (up to 467,835).