India Financial News

Reuters. Even though the Indian market sank today, experts do not see any long-term repercussions of the Middle East conflict on the Indian indices. "The escalation in the potential conflict between Iran & Israel is a serious development and will likely adversely impact oil pricing.

5 biggest concerns around Iran-Israel tensions that could impact Indian stock market Indian stock market benchmark Sensex opened with a cut of 930 points at its day's low level of 73,315.16, against its previous close of 74,244.90. The 30-share index finally closed 845 points, or 1.14 per cent, lower at 73,399.78.

Kieron Pollard said that he doesn't think that the criticism is affecting Hardik Pandya's confidence and the MI captain is working hard on his skills. The explosive batter asked the IPL fans to encourage players to make sure that we can get the best out of them. "I don't know if it will affect his confidence.

DMK President and Chief Minister M K Stalin on Monday dubbed the GST as «exploitative» of the poor and wanted to know if «taking a selfie» too would next fall under the taxation net. Stalin, in a post on 'X' wondered that there is levy of taxes under the GST Acts for «everything from a hotel to getting a two-wheeler repaired.» Middle class families, after seeing the GST component in food bills in restaurants lament the #GabbarSinghTax.

Supreme Court on Monday refused to entertain a plea seeking voting facilities for around 18,000 people displaced internally due to the ethnic strife in Manipur for the upcoming Lok Sabha elections. The polling for the two Lok Sabha seats of Manipur will be held in two phases on April 19 and 26. A bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra said interference of this court, particularly at this belated stage, would cause substantial impediments in the conduct of the ensuing general elections of the Lok Sabha for Manipur. «You have come at the last minute. At this stage, what can be virtually done? We cannot interfere at this stage,» the bench said.

Ministry of Power has asked all thermal plants using imported coal to operate at full capacity for another three and a half months till October 15 to avoid electricity shortage amid rising demand in the country. The ministry has projected peak power demand of 260 GW during the summer season (April to June) in view of longer heat wave duration. Peak power demand had touched all-time higher of 243 GW in September 2023. The India Meteorological Department (IMD) has predicted above-normal maximum temperatures in most parts of the country during summer this year. A power ministry notice to 15 imported coal-based thermal power projects on April 12 stated, «It has now been decided to extend the time period for Section 11 directive to generating companies having imported coal-based plants, up to October 15, 2024.»

Stock market today: Despite stock market crash for the second day in a row, the Indian stock market, Ambuja Cements share price is trading flat during Monday deals. The Adani group company share witnessed some selling pressure in the early morning session, but despite the stock market crash today, Ambuja Cements share price bounced back strongly from its intraday low of ₹593.45 apiece on NSE and touched an intraday high of ₹615.60 per share level, logging around 4 percent jump from its intraday low in the stock market today.

₹14,000. The price of one DR with Apple as underlying at NSE IFSC is, say, $6.8. At a conversion rate of 83, it is approximately ₹564.

Senco Gold, one of the leading pan-India jewelry retailers in India, surged by 19.52% to reach a new all-time high of ₹958 per share during today's trading session. This significant uptick in investor interest follows the release of the company's business update for Q4FY24.

—Name withheld on request Assuming that you were a non-resident Indian (NRI) under the Indian Income Tax Act for at least nine out of 10 financial years preceding FY24-25, you would become a resident but not ordinarily resident (RNOR) for FY 2024-25. Usually, foreign income is not taxable under IT Act for a RNOR individual. However, since you would be providing consultancy services from India, such income would become taxable in India at the normal slab rates.

₹423.80 apiece on the BSE. Morgan Stanley reiterated its ‘Overweight’ rating and raised Exide Industries share price target to ₹485 apiece from ₹373 earlier citing multiple levers for growth. The target price implies an upside potential of nearly 22% from Friday’s closing price.

Anand Rathi Wealth, one of the leading non-bank wealth solutions firms in India, have jumped 4.5% to hit an all-time high of ₹4,189.85 apiece in today's intraday trade as investors reacted positively to the company's Q4FY24 earnings. Looking back, the shares have delivered phenomenal returns to their shareholders in a very short period of time, as they hit record highs with each passing month. The company's shares, which were trading at ₹933 apiece in July 2023, have skyrocketed to the current level of ₹4,127 apiece, delivering a whopping return of 342% in just 9 months.

Lok Sabha elections 2024: Delhi's North East Lok Sabha constituency is gearing up for a high-profile contest as the Congress announced young leader Kanhaiya Kumar as its candidate to fight against BJP's sitting MP Manoj Tiwari. The singer-turned-politician is the only BJP candidate to be repeated from the national capital as the saffron party has changed its face on all other 6 constituencies in Delhi.

The monsoon rains are seen at 106 per cent of long-term average in 2024. «India is likely to see above-normal monsoon with cumulative rainfall estimated at 106 per cent of long-period average of 87 cm,» IMD said.

Vedanta Ltd. has mandated JPMorgan Chase & Co. to help it raise 25 billion rupees ($300 million) via rupee-denominated bonds, according to people familiar with the matter. JPMorgan’s financing-solutions department in India, headed by Nitin Rungta, is reaching out to potential investors on behalf of the metals and mining company, according to people who asked not to be identified as the information is private. Those investors include global private credit funds, they said.

Kakani took to the platform X to share a breakdown of expenses for a family of four, emphasizing that the figure of Rs 20 lakh annually was devoid of any luxury expenses. His post, accompanied by a screenshot of an Excel sheet detailing monthly and yearly expenditures, quickly gained traction, garnering over 8.3 lakh views since its posting on April 14.

Finance Minister Nirmala Sitharaman says: “Whether it is aimed at employment or not, it is certainly aimed at helping the MSMEs and the small ticket loan seekers. The small ticket loan seekers are the people who cannot give collaterals at all. We had extended a lot of help for them.” Excerpts from the interview

Ranveer Singh and Kriti Sanon and fashion designer Manish Malhotra were recently spotted in the holy city of Varanasi. They visited the Kashi Vishwanath temple to offer prayers, before walking the ramp for Malhotra on the banks of Varanasi. Both the stars were seen flaunting traditional wear at the Dashashwamedh Ghat. The ‘Crew’ actress looked glorious in a golden-coloured kurta and pajama, while the ‘Bajirao Mastani’ star looked like a million bucks in a pristine white khadi kurta. In an interview with ANI, Singh revealed that he was a devotee of Lord Shiva and had always wanted to visit the temple. “I cannot express in words the experience I have had today. Lifelong I have been a devotee of lord Shiva and I have come here for the first time. Next time I want to come here along with my mother.”

Sebi on Monday said it will auction 22 properties of Rose Valley Group of companies on May 20 at a reserve price totalling Rs 8.6 crore in a bid to recover money raised by the firm from the public through illicit schemes. The properties to go under the hammer include flats and office spaces located in West Bengal, the Securities and Exchange Board of India (Sebi) said in a notice. The e-auction will be conducted on May 20 between 11 am and 1 pm. The total reserve price of these properties is pegged at Rs 8.6 crore, it added.

Vi announced FPO worth Rs 18,000 crore, in addition to the recent Rs 2,000 crore preferential equity issuance to promoters.

Financial decision-making is an integral part of any household, and it is interesting to see how different families approach it. In this article, we explore the financial dynamics of five diverse families from India and how women are empowering themselves in shaping their financial futures. Let's dive into their stories and understand how they are managing their finances.