India Financial News

Lok Sabha Elections 2024: Bishnu Pada Ray, a Bharatiya Janata Party (BJP) leader from Andaman and Nicobar Islands has claimed that India's first Prime Minister Jawaharlal Nehru, "gifted" the Coco Islands, a part of northern Andaman Islands to Myanmar. Ray, who is the BJP's Lok Sabha candidate from the region also criticised the Congress for its allegedly "historical anti-India stance", in an interview with ANI on April 14. Ray claimed that Nehru had reportedly given the Coco Islands to Myanmar as a gift, the publication reported.

Tata Consultancy Services: TCS kicked off the earnings season on a high, concluding FY24 with a March quarter that surpassed expectations. For Q4FY24, it posted a net revenue of $7.36 billion, marking a sequential increase of 1.1%, which aligns with analysts' growth predictions of up to 1.5%. The net profit for the same quarter stood at $1.5 billion, reflecting a sequential rise of 6.4%.

Election Commission of India (ECI) Order, granting a paid holiday to employees on the day of polling in the NCT of Delhi under Section 135B of the RP Act 1951. The polling day in the NCT of Delhi is scheduled for May 25. As per the order, all eligible employees, be they public or private, who are voters in the NCT of Delhi are entitled to a paid holiday to exercise their democratic right to vote on the polling day. Besides, it is to state that voters of neighbouring cities Uttar Pradesh, Haryana and Rajasthan working in Delhi will also be given a paid holiday on the day of voting and vice versa for voters of Delhi working in neighbouring cities as per their polling dates, the office of the Chief Electoral Officer informed through a press release.

BJP candidate from Andaman and Nicobar Islands, Bishnu Pada Ray, hit out at the Congress on Sunday, claiming that the grand old party has always harboured 'anti-India' sentiments. Speaking to on Sunday, he claimed that the country's first prime minister, Jawaharlal Nehru, gifted the Coco Islands, which were part of the Northern Andaman Islands, to Myanmar. «The Congress has always harboured anti-India sentiments. Nehru gifted the Coco Islands, which were part of the Northern Andaman Islands, to Myanmar, which is currently under China's direct control. They did not worry about the islands in the 70 years they were in power. Today, the central government is constructing a shipyard, and two defence airports to counter China in Campbell Bay, which is also known as Indira Point,» the BJP candidate claimed.

Sankalp Patra', its manifesto for the Lok Sabha elections, National Conference leader and former Jammu and Kashmir chief minister, Omar Abdullah, on Sunday said it is aimed at the 'destruction' of the erstwhile state. Speaking on Sunday, the former CM said, «I have been busy campaigning since morning. I have not read their manifesto as yet. But from what I have gathered, their manifesto has nothing for Jammu and Kashmir. The BJP's manifestoes have always brought destruction to Jammu and Kashmir.» He claimed that the INDIA bloc will win all five Lok Sabha constituencies of Jammu and Kashmir and one in Ladakh.

Who won yesterday IPL Match? Mumbai Indians (MI) locked horns with Chennai Super Kings (CSK) at home on April 14. Coming from two wins in five matches, Mumbai won the toss and decided to field first. Seasoned Ajinkya Rahane opened the CSK innings with young Rachin Ravindra and was out before adding much to the scoreboard.

Sensex plunged 793.25 points to close at 74,244.90, while the Nifty 50 settled 234.40 points, or 1.03%, lower at 22,519.40. Nifty 50 formed a long negative candle on the daily chart that has broken below the immediate support of the ascending trend line at 22,650 levels. Also Read: Indian stock market: 10 key things that changed for market over weekend - Gift Nifty, Iran-Israel tensions to inflation “Technically, this pattern indicates a formation of a crucial top reversal pattern and one may expect more weakness in the coming sessions.

Read here: Week Ahead: Q4 Results, macro data, Israel-Iran conflict, global cues among key market triggers this week On Friday, the Indian stock market indices ended a percent lower each dragged by selling across the board amid weak global cues. The Sensex plunged 793.25 points, or 1.06%, to close at 74,244.90, while the Nifty 50 settled 234.40 points, or 1.03%, lower at 22,519.40. “Indian equities could see temporary short-term headwinds from the US Fed easing being pushed into CY25 and hardening commodity prices due to adverse geopolitics.

Nippon India Small Cap Fund BASIC FACTS DATE OF LAUNCH 16 SEPT 2010

capital gains tax. 2.These are typically used to defer tax on capital gains arising from the sale of assets, such as real estate or shares. 3.The capital gains bonds are issued by governmentbacked organisations like Rural Electricity Corporation or the National Highways Authority of India. 4.There is a lockin period of 5-7 years and the interest earned on capital gains bonds is taxable. 5.The maximum amount of capital gains that can be invested in these bonds to claim tax exemption is Rs.50 lakh per financial year.

Indian stock market today: A total of 9 stocks have been banned for trade on Monday, April 15, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

₹6,200 crore from ₹4,645 crore in 2023-24 (budget estimate). Similarly, the allocation for the Modified Programme for Development of Semiconductors and display manufacturing ecosystem was more than doubled to ₹6,903 crore for 2024-25 (BE) from ₹3,000 crore in 2023-24 (BE).

Hindustan Aeronautics Ltd, Bharat Electronics Ltd, Mazagon Dock Shipbuilders, Cochin Shipyard and Data Patterns up between 11% and 36%. What’s fascinating is, the Nifty India Defence index has shot up 14% in the past month, outpacing the Nifty 50, which has seen a mere 2% rise. Presently, much of the enthusiasm in this sector is due to recent preliminary business updates from the defence equipment manufacturers.

and expect margins to be in the 25-25.4% range over FY25-27. However, they see limited room for margin expansion from here on. What’s more, subdued hiring and lower sub-contracting costs cuts both ways and while reducing costs it also points to weak demand outlook.

Indian Meteorological Department has forecasted a significant increase in daytime temperatures across various parts of Odisha in the next four to five days, with an expected rise of 4 to 6 degrees Celsius. As reported by PTI, the IMD Bhubaneswar in a bulletin said, “This rise in temperature is due to prevailing northwesterly/westerly dry air and high solar insolation." The central forecast anticipates that daytime temperatures will surpass 40 degrees Celsius in numerous regions of the state, while coastal Odisha is expected to see temperatures ranging between 36-38 degrees Celsius in the next two days.

Rights issues 2024: Shares of Sakuma Exports Ltd will be in focus when the stock market opens on April 15 (Monday). The Board of Directors of Sakuma Exports has declared rights issue of equity shares for the eligible shareholders.

Indian prisoner Sarabjit Singh's killer Amir Sarfaraz shot dead in Pak's Lahore “If three or four people were involved in my father's murder, then this is them (Pakistan government) covering it up by killing that man (Tamba) to conceal the conspiracy that took place at that time," Sarabjit Singh's daughter stated. Amir Sarfaraz Tamba, an accused in the murder of Sarabjit Singh, the Indian death row prisoner in Pakistan, and a close associate of Lashkar-e-Taiba (LeT) terror outfit founder Hafiz Sayeed, was killed by unidentified gunmen in Lahore on Sunday.

Buy or sell stocks for today: Amid rising Iran-Israle tension, the Indian stock market ended lower on Friday last week. The Nifty 50 index corrected 234 points and ended at the 22,519 level, the BSE Sensex nosedived 793 points and closed at the 74,244 mark, and the Bank Nifty index shed 422 points and finished at the 8,564 level.

Shreyas Iyer at Eden Gardens here on Sunday helped the Kolkata Knight Riders (KKR) register their first-ever win against Lucknow Super Giants (LSG) in Indian Premier League (IPL) history. KKR is in the second spot, with four wins and a loss in five matches. It gives them a total of eight points. LSG is in the fifth spot with three wins and three losses, giving them six points. In the run chase of 162, KKR got some extra runs in the first over itself, with pacer Shamar Joseph throwing some wides. The first over produced 22 runs, including a four and six by Sunil Narine and Phil Salt, respectively.

Rohit Sharma's valiant second Indian Premier League (IPL) century went in vain as a four-wicket haul from Matheesha Pathirana managed to restrict a power-packed Mumbai Indians (MI) line-up to 186/6 in their 20 overs and Chennai Super Kings (CSK) secured a 20-run win at Wankhede Stadium on Sunday. With this win, CSK is at number three with four wins and two losses, giving them eight points. MI is at eighth spot, with two wins and four losses, giving them four points. In the run chase of 207 runs, openers Rohit Sharma and Ishan Kishan started really well. Slowly building from boundary each in the first two overs, the duo targetted pacers Tushar Deshpande, Shardul Thakur and Mustafizur Rahman in next three overs.

Europe to rise 10-15%, logistics and insurance costs to rise and engineering exports demand to Europe to get impacted following Iran's attack on Israel. Already, the unfolding crisis in the Red Sea region is leading to shifting of large amount of cargo traffic to air mode such as leather goods, which were traditionally sent by ships, pushing up air freight volume.