India Financial News

Jio Financial Services, the financial subsidiary of Reliance Industries, witnessed a significant surge of 5% during today's intraday session, reaching ₹371.95 per share. This increase follows the company's announcement, made through an exchange filing on Monday, regarding the signing of an agreement to establish a 50:50 joint venture with BlackRock.

Elections in India seem to be incomplete these days without the background noise of a statistical controversy. Ahead of the 2019 Lok Sabha elections, the suppression of an unflattering employment report had ignited a controversy. At that time, two members of the National Statistical Commission (NSC), India’s apex statistical regulator, had resigned in protest.

₹1,065.65 apiece on the BSE. Senco Gold, the pan-India jewelry retailer, reported 39% year-on-year (YoY) revenue growth in the fourth quarter of FY24. For the entire fiscal year, the revenue growth was 28% YoY.

Tesla senior officials quit as carmaker undertakes largest round of job cuts Musk responded to another user saying that the new accounts would be able to post after three months of creation without paying a fee. "They (new users) will be able to do write actions for free after three months," Musk wrote. However, Musk has not unveiled how much fee X platform would charge from new users.

Israel-Iran Tensions Impact: Emerging-market currencies fell to a new low for the year as the dollar extended gains into a fifth day amid heightened geopolitical tensions and after robust US data boosted bets the Federal Reserve will delay interest-rate cuts. Also Read | Israel vows to respond to Iran's drone attack, US military military assets in Middle East | Top 10 updates The MSCI EM Currency Index dropped 0.2% on Tuesday to the lowest since December.

Day trading guide for stock market today: The Indian stock market witnessed sharp selling for the second day in a row on Monday as global equity bias continues to remain weak on the rising Iran-Iran conflict. The Nifty 50 index crashed 246 points or 1.10 percent and closed at the 22,272 level, the BSE Sensex tanked 845 points or 1.14 percent and finished at the 73,399 mark whereas the Bank Nifty index nosedived 791 points or 1.63 percent and ended at 47,773 level.

Also Read: From premiums to claims process: Decoding key terms in insurance policies | 8 points Now, let's delve into the types of Rupay cards available in the market and the corresponding insurance coverage they offer: 1. Classic Card: This card doesn't provide any insurance coverage. Although it used to offer coverage previously, this feature has been discontinued since the financial year 2020.

Last week, the economics division at the ministry of finance in India invited Professor Mike Hulme at the University of Cambridge to share his views on climate change. In 2007, he received a personalized certificate from the Intergovernmental Panel on Climate Change (IPCC), recognising his contribution to the (joint) award of the 2007 Nobel Peace Prize to the IPCC. His recent work, Climate Change Isn’t Everything piqued my interest, and I read it.

The Economic Times reported on April 16. If a deal is struck, it will mark a gradual shift in Apple's operations from China to India, the report further added. Titan shares closed down 0.50 per cent at ₹3,601.55 on April 15, on the Bombay Stock Exchange (BSE).

Given its summer prediction of an increased number of heatwaves, the India Meteorological Department’s rainy season forecast comes like a breath of fresh air. India’s official weather forecasting agency expects above-normal rainfall this monsoon—106% of the long-term average.

Vidya Bala, Co-Founder, PrimeInvestor.in, says “in terms of sectors, we are looking more keenly in sectors like consumption in pockets, not the traditional FMCG but more some of the discretionary spending spaces. We are also looking at the banking and financial space which did not participate last year. Three key factors – credit, e-commerce and social media enablers – will democratise purchasing power and with that, players like Jio Finance are very well placed to capitalise with the kind of obvious breadth that they have. You could call these dark horse bets. But again, in a market that is brimming with confidence, it is very hard to say otherwise. A corrective phase is when you sit back and decide whether you can handle these kinds of stocks.” What is your market outlook? Where are you investing right now? Vidya Bala: At this point in time, we would call ourselves being cautiously optimistic.

If you are looking forward to adding this power packed seeds in your diet, then we suggest you go through the complete list of the best sunflower seeds in India shared in this article. All of these brands are popular among their consumers and you must give them a shot using the buying links shared in the article below.

Kotak Mahindra Bank Ltd. expects the addition of the country’s sovereign bonds to JPMorgan Chase & Co.’s global indexes from June to boost banks’ liquidity and reduce the need to aggressively pursue deposits in the short term. The anticipated entry of overseas funds into India’s $1.2 trillion government debt market presents an opportunity for lenders including Kotak to sell part of their bond investments to these new buyers, according to Joint Managing Director K.V.S Manian. The move is expected to unlock funds for lending purposes and ease the pressure on banks that have been relying on costly deposits to disburse loans, Manian said in an interview. Kotak holds securities well in excess of the minimum statutory liquidity ratio mandated by the Reserve Bank of India, he said. Banks in India are the largest holders of government bonds.

Honda Activa. Footage from CCTV cameras, shared by TV9 Kannada on YouTube, documented her numerous transgressions, totaling 270 instances. Additionally, authorities confiscated her Activa. This substantial fine underscores the severe repercussions of irresponsible riding. It also underscores the efficacy of CCTV surveillance, increasingly employed by urban centers to monitor traffic and levy fines digitally, reducing the reliance on physical enforcement.

“The equity markets reaching record highs can be attributed to various factors, including the overall strength of the economy, corporate earnings, and investor sentiment. These characteristics have historically led to an increase in volatility,” says Vipul Bhowar, Director — Listed Investments, Waterfield Advisors. In an interview with ETMarkets, Bhowar said: “The market is expected to continue its growth in the next 12 months, with government spending likely to be the growth driver in the first half and investment growth re-accelerating, especially from the private side, in the second half,”. Edited excerpts: FY25 started on a good note, with benchmark indices hitting fresh record highs. How do you see markets panning out in the next 12 months? Will the momentum continue? Vipul Bhowar: The market is expected to continue its growth in the next 12 months, with government spending likely to be the growth driver in the first half and investment growth re-accelerating, especially from the private side, in the second half.

Elon Musk's satellite internet venture Starlink has received an in-principle approval from the telecom ministry. This approval clears a critical hurdle that the venture has been facing for almost three-and-a-half years. The approval process is now at the desk of communications minister Ashwini Vaishnaw, awaiting final vetting by the home ministry over certain security matters, according to highly-placed sources. One of the sources as reported by TOI stated, «The commercial part has been examined on issues, such as, foreign investment and net worth. The essential examination shows that it (Starlink's application) is in line with the (official) guidelines. Thus, it has been approved.» The source further mentioned that the technical requirements have also been examined as per the license conditions. «The technical requirements have been examined as per the licence conditions,» the source said, adding, the company has also submitted a «declaration» regarding its ownership.

India has showcased itself as a global leader, the top intelligence official from the US Department of Defense has told the Congress that in 2023, India took steps to modernise its military to compete with China and reduce its dependency on Russian origin-equipment. «During the past year, India has showcased itself as a global leader by hosting the Group of 20 economic summit and demonstrated a greater willingness to counter PRC (People's Republic of China) activity throughout the Indo-Pacific region,» Lt Gen Jeffrey Kruse, Director of the Defense Intelligence Agency told members of the House Armed Services Committee — the subcommittee on intelligence and special operations during a Congressional hearing on defence intelligence countering China. India, he said, has advanced partnerships in the Indo-Pacific with regional South China Sea claimants, such as the Philippines, through training and defence sales and deepened cooperation with the US, Australia, France and Japan.

RIL, Jio Financial, JSW Infra, Cipla, Gujarat Gas among others will be in focus due to various news developments. Crisil, SG Mart, Den Networks Shares of Crisil, SG Mart, and Den Networks will be in focus as the companies will announce their fourth quarter results on Tuesday.

ProcMart, an online business-to-business (B2B) marketplace specialising in supply chain solutions, has raised $30 million (about Rs 250 crore) in an equity funding round led by Infosys cofounder Nandan Nilekani’s venture fund Fundamentum Partnership and Edelweiss Discovery Fund. The round also saw participation from South Korea’s Paramark Ventures. The funds will be used for exploring strategic acquisitions for backward integration, enhancing client offerings, investing in talent acquisition and technology, and expanding presence in new markets within India and globally.

Wipro, Srinivas Pallia, who has been with the company for over three decades, sold all his shares worth Rs 5 crore in it in the public market. Pallia disposed of his 1,00,000 Wipro shares through “market sale” on February 14 this year and the transaction was reported to the exchange on February 15. The total value of the transaction was Rs 5,05,12,640. As per information on the BSE, securities currently held by Pallia post transaction amounted to zero.

stock gauges, led by banking and financial shares, slumped more than 1% each Monday on mounting concerns of an escalation in the West Asia conflict, while likely central bank intervention in the currency markets cushioned the rupee's fall, but couldn't prevent a record closing low for the unit. Benign inflation prospects on a lower-than-expected rise in oil prices kept bond yields steady. The Nifty fell 246.9 points, or 1.1%, to 22,272.50. The Sensex declined 845.12 points, or 1.14%, to 73,399.78 in a volatile trading session that saw mixed responses across the Asia-Pacific to this weekend's Iranian drone attacks on Israel. China advanced 1.26%, Hong Kong fell 0.73%, South Korea declined 0.42%, and Taiwan dropped 1.38%.