India Financial News

Delhi airport on Saturday afternoon were redirected, reported ANI. These flights were diverted between 3 pm — 4:30 pm due to bad weather. As predicted by the India Meteorological Department (IMD), a sudden spell of rain lashed parts of the national capital on Saturday afternoon.

Prime Minister Narendra Modi, India’s stocks have commanded an unprecedented premium to emerging-market peers. As he seeks a third successive term, investors are betting that the performance can continue. Modi is likely to spend heavily on manufacturing and infrastructure should he win, continuing a strategy that wooed money managers during his decade in power. The stock market has rallied to successive records, while India’s imminent inclusion in a major global bond index is expected to lure billions of dollars in inflows.

Ashiana Housing on Saturday said it sold 224 luxury flats in Gurugram for Rs 440 crore within 15 minutes of its launch. The project is located at Sector 93 in Gurugram, Haryana. In a statement, the company said it has «sold out the entire phase 3 of its prestigious project, Ashiana Amarah within 15 minutes of launch». «We are very happy with the incredible response to Ashiana Amarah phase 3 launch. We started registration at 11 am and we had received 800 cheques for 224 units by 11.15. In 15 minutes it was oversubscribed four times,» Ashiana Housing Joint Managing Director Ankur Gupta said.

Congress on Saturday hit out at the Narendra Modi government on the issue of Chinese transgressions and said External Affairs Minister S Jaishankar's reported remark that «China has not occupied any of our land» is akin to giving another free pass to the neighbouring country. Congress president Mallikarjun Kharge said the EAM's statement is a «copy-paste» of Modi's clean chit to China after the Galwan skirmish in 2020, when 20 Indian soldiers were killed. Kharge responded to the remark in a post on X, «Wearing '56-inch' long Chinese Blinkers, on the 'Laal Aankh,' Modi Government has given a free pass to the Chinese, twice in a week's time.» He added, «First, @narendramodi ji's interview in foreign press where he failed to put forth India's case strongly at the global stage. Now, his Foreign Minister, handing over another Clean Chit to expansionist China.»

Delhi weather today, brought relief from excessive heat after the national capital witnessed heavy rainfall on Saturday evening. The Indian Meteorological Department (IMD) has predicted moderate to heavy rainfall with thunderstorms in many places of Delhi NCR, Noida, Greater Noida, Gurugram, etc in the next two hours.

ALSO READ: India slips to 6th rank on Maldives Tourism charts as President Mohamed Muizzu welcomes China "There is only one platform left. As the two countries have already signed, they [the remaining Indian military personnel] will also be recalled ahead of May 10. They will leave," President Muizzu was quoted by the report as saying.

₹13,347 crore worth of Indian equities and the total inflow stands at ₹15,706 crore as of April 12, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The total debt inflows stand at ₹1,522 crore so far this month. "There is slight deceleration in debt flows which stood at ₹1,521 crore.

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Lok Sabha Elections will take place across the country this year. The voting will begin on April 19 and the results will be declared on June 4.

ALSO READ: IPL 2024 RCB vs MI: Glenn Maxwell OUT for duck for the third time this season; here's how netizens react While another user shared more clear view of the toss and showed that Srinath didn't flip the sides of the coin, adding the umpire forgot the call made by the RCB captain Faf du Plessis. "A clear Video of the toss...If You Still having doubt Either go to Eye Hospital or Mental hospital," the video caption read. Another user wrote, "If he wanted to lie, he could have said Hardik won toss even without flipping.

Rafael Nadal is set to return to ATP competition after recovering from a hip injury. The Spaniard, who will turn 38 this year, will face Flavio Cobolli in the Barcelona Open next week. Nadal has never played 63rd-ranked Cobolli, 16 years his junior.

An intense Western Disturbance, manifested as a cyclonic circulation, hovers over Iran, accompanied by a trough aloft in the middle and upper tropospheric westerlies, according to IMD. Concurrently, a high influx of moisture from the Arabian Sea is expected to inundate Northwest India from April 13th to 15th. Various atmospheric phenomena, including cyclonic circulations over south Rajasthan and adjoining north Gujarat, and over the Comorin area, are further shaping the weather patterns.

Nifty formed a fresh lifetime high of 22775, but at the same time, it came off from those highs as well. The trading range also got narrower as the Nifty oscillated in a 271-point range. Volatility increased slightly; India Vix rose marginally by 1.72% to 11.53. The headline Index Nifty closed flat with a negligible weekly gain of 5.70 points (-0.03%). The previous week was a truncated one as Thursday was a trading holiday on account of Eid-ul-Fitr. The coming week is a truncated one as well with Wednesday being a holiday on account of Ram Navmi. Due to this Banknifty Options has its shortest expiry as they would expire as early as Tuesday. The level of 22775 creates a new intermediate top for the markets; over the coming days, no runaway upmove is expected so long as the Nifty stays below this point. At the same time, the nearest support for the index exists much below the current levels at 20-week MA which is placed at 21827. By and large, the markets are likely to stay in a broad trading range.

Congress leader Priyanka Gandhi Vadra on Saturday said that even the graduates from the Indian Institute of Technology are not getting jobs under the BJP-led Centre. Addressing a public meeting in Haridwar, Priyanka Gandhi said, " There is rising unemployment in the country. PM Modi has only given unemployment to this nation. Even IIT graduates are not getting jobs under the Modi government. The Centre's scheme and policies are not employment-oriented. The government is handing over PSUs, Railways, and ports to their business friends. So basically all these jobs are going away to the corporates," Priyanka Gandhi said. Congress General Secretary further said that small-level businesses in the country are suffering due to the poor economic policies of the BJP.

Rahul Gandhi on Saturday said if his party is voted to power at the Centre, it will immediately conduct a caste census in the country. Addressing an election rally at Bastar village Chhattisgarh's Bastar district, he described the upcoming Lok Sabha elections as a fight between two ideologies involving those seeking to protect the Constitution and those out to destroy it. He also attacked the Narendra Modi-led government and said President Droupadi Murmu was prevented from attending the consecration of Ram temple in Ayodhya as she is a tribal, and it reflects the Bharatiya Janata Party's mentality. The rally was held in support of Congress' candidate from Scheduled Tribe-reserved Bastar Lok Sabha seat Kawasi Lakhma.

Omar Abdullah on Saturday said Manmohan Sigh was a true statesman and that Narendra Modi, at some stage, will have to start thinking about the kind of legacy he leaves behind. In an interview with PTI Videos, Abdullah, who is contesting the Lok Sabha polls from north Kashmir Baramulla constituency, said it was obvious that the Centre was using the probe agencies under it against the leaders of the opposition parties. «It is not apparent, it is obvious. When 95 per cent of the cases that are being investigated or charged by the Enforcement Directorate are against (opposition ) political leaders and political parties, that tells you. »At some point, the PM will start looking at his legacy. Right now, I think his aim is to be a PM for longer than Jawahar Lal Nehru. Once that aim is met, then, none of us get younger, we all get older. There comes a time when we have to leave the stage. I have no doubt that somewhere in the back of his mind, the PM will start thinking about what sort of a legacy he wants to leave," Abdullah said.

foreign portfolio investors’ (FPIs’) investment in Indian equities jumped to Rs 13,347 crore in April taking the total tally to Rs 24,240 in 2024 so far. After remaining net buyers in March and February, FPIs continued their buying activity in April, too. The net purchases in March stood at Rs 35,098 crore while it was Rs 1,539 crore in the previous month.

small savings schemes such as the Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), etc? The answer is yes. While opening a fresh account in any of the small savings schemes, the investors must submit their Aadhaar card details. In a notification dated April 3, 2023, the Ministry of Finance said: As per the Government Savings Promotion General (Amendment) Rules, 2023, an individual shall also submit to the Accounts Office, the following identity documents containing proof of identity and address for the purpose of opening an account, namely (a) the Aadhaar Number issued by the Unique Identification Authority of India.

Congress leader P Chidambaram on Saturday asserted that his party would get more seats in the ensuing elections than in 2019 and predicted that the INDIA bloc would secure a resounding victory in Tamil Nadu and Kerala. In an interview with PTI, Chidambaram also said that neither Hinduism nor the Hindus were under any threat and it was the BJP's «calculated strategy» to paint the entire Opposition as «anti-Hindu» to project Modi as the «saviour of Hindus». He also described West Bengal Chief Minister and TMC supremo Mamata Banerjee as a «key player» in this election and said that her ability to hold the fort in the state will strengthen the INDIA bloc. «I cannot speak for all the states. I can confidently predict that the INDIA bloc will record a resounding victory in Tamil Nadu. In Kerala, the two fronts (UDF and LDF) will share the 20 seats, leaving nothing to the BJP. In Karnataka and Telangana, the Congress governments are popular and Congress will get many more seats than in 2019,» Chidambaram told PTI.

India and Russia on Saturday celebrated the 77th anniversary of diplomatic relations. The nearly eight decades of partnership has been marked by achievements contributing to special and privileged strategic partnership. Throughout decades, this partnership encompassed several areas from defence to space to trade and investments, hydrocarbon energy and nuclear power, security and space, science and fin-tech, digitalization, infrastructure and smart-cities, education and culture. Russia remains a largest contributor to India’s energy security and its defence capabilities. Currently there are efforts to a greater connectivity in the Eurasian space and are working towards an early conclusion of the FTA between the Eurasian Economic Union and India, efficient promotion of the North-South Transport Corridor and relaunching of the Vladivostok – Chennai Eastern Maritime Corridor, strengthening of the independent financial and payment mechanisms, synchronization of customs regimes, multiplication of joint ventures, expansion of tourism and humanitarian linkages.

Bournvita from the category of ‘health drinks’, on their portal and platforms. “National Commission for Protection of Child Rights (NCPCR), a statutory body constituted under Section (3) of the Commission of Protection of Child Rights (CPCR) Act, 2005 after its inquiry under Section 14 of CRPC Act 2005 concluded that there is no ‘health drink’ defined under FSS Act 2006, rules and regulations submitted by FSSAI and Mondelez India Food Pvt Ltd,” said a notification from the ministry dated April 10. The advisory follows an inquiry by the NCPCR, which revealed that Bournvita contains sugar levels exceeding the acceptable limits.