India Financial News

Regional tensions have intensified following Iran's warning of retaliation against Israel over an attack on its embassy in Damascus that resulted in the deaths of two Iranian generals. This development has heightened concerns about a potential escalation in the already volatile region, with countries like India, France, and Russia advising against travel to the area. Threat of Direct Iranian Attack on Israel Iran perceives the strike on its embassy as an attack on its territory, raising the possibility of a direct Iranian assault on Israel. This threat comes amid ongoing tensions over the war in Gaza, which has entered its seventh month.

IPL across several seasons. His performances include scoring 3,930 runs as an opener with a strike rate of 135.93, alongside 8 centuries. This year, he has been opening for RCB and ruling the list of leading run-scorers.

Bharatiya Janata Party (BJP) is scheduled to unveil its election manifesto, known as the "Sankalp Patra," on April 14 in the presence of Prime Minister Narendra Modi, BJP President JP Nadda, Home Minister Amit Shah, and Defense Minister Rajnath Singh, according to sources. The manifesto committee, chaired by Defense Minister Rajnath Singh, has already held two meetings. The BJP has received over 1.5 million suggestions for its manifesto, including more than 400,000 through the NaMo app and over 1.1 million through videos. According to party sources, the BJP's manifesto will focus on development, a prosperous India, women, youth, the poor, and farmers. The party pledges to fulfil only those promises that are achievable. The theme of the manifesto will be «Modi's Guarantee: Developed India 2047,» with a focus on cultural nationalism.

Iran planning to attack Israel in next 24 hours? Here's what new report says On Friday, the US President said he expected Iran to attack Israel "sooner, rather than later". Biden also explicitly defended Israel by saying, "We will support Israel. We will help defend Israel and Iran will not succeed".

Chair of the future - The role of the Chair in climate transition, shared exclusively with Mint, explored the insights of company leadership on climate change, its integration with business strategies, and the potential role of the boards of directors. The participating companies comprised some of the largest public and private Indian corporations, as well as multinationals from sectors including banking, financial services, and insurance, oil and gas, fast-moving consumer goods, and industrial products.

Income Tax Department on April 12 said that the amended India-Mauritius protocol on the double taxation avoidance agreement (DTAA) is awaiting ratification and notification by the department, as per a PTI report. On March 7, 2024, India and Mauritius signed an amendment to the DTAA, introducing a principal purpose test (PPT) aimed at curtailing tax avoidance. The PPT ensures that treaty benefits are granted only for transactions with a genuine purpose, addressing concerns over tax avoidance.

Bank Holidays in April 2024: All banks in India, including the State Bank of India (SBI) will remain closed today on April 13 on account of the second Saturday off. Banks in the country have leaves every second and fourth Saturday of the month. Further, April 13 will also be a weekend off for Sunday.

Vinay Kwatra has met US Deputy Secretary of Defense Kathleen Hicks and they discussed the importance of expanding the scope of bilateral military engagements, the Pentagon said. Kwatra is in the US for a series of meetings with senior officials of the US government and interaction with industry leaders to advance bilateral cooperation in areas like defence and technology. The foreign secretary was on a three-day official visit to Washington and left for New York on Friday. Hicks and Kwatra discussed priorities for strengthening the US-India defence partnership, including the implementation of the roadmap for the US-India Defense Industrial Cooperation, Pentagon spokesperson Eric Pahon said.

Asked by reporters about his message to Iran, Biden said simply, «Don't,» and he underscored Washington's commitment to defend Israel. «We are devoted to the defense of Israel. We will support Israel. We will help defend Israel and Iran will not succeed,» he said.

Congress leader and AICC general secretary Priyanka Gandhi Vadra is set to participate in the party's campaign rally here in Tripura on April 16, a day before Prime Minister Narendra Modi's rally at Swami Vivekananda Maidan here in Agartala. The senior Congress leader will lead a roadshow that will cover most of the city areas in support of CPIM-supported INDIA bloc candidate Asish Kumar Saha. Saha also happens to be the president of the Congress party's Tripura state unit. Sharing details of her visit, Congress MLA Sudip Roy Barman said, «She is scheduled to land here at the MBB airport in Agartala at 2.50 PM. She will lead a road show that will snake through different parts of the city, including Durga Chowmuhani, Colonel Chowmuhani, Paradise Chowmuhani, among other top landmarks and public places. She will fly out of the state after the event on the same day.»

.the BJP is going to be the number one party in West Bengal." Before this, News18 Mega Opinion Poll 2024 also predicted that the BJP, led by Leader of the Opposition Suvendu Adhikari in Bengal, may win 25 out of 42 seats in the state. The poll, meanwhile, indicated that the TMC might get 17 seats. The India TV-CNX poll predictions too were on the same line.

Mumbai: What’s holding back India’s central bank from cutting policy rates? Apart from the pace of price rise that is yet to align with Reserve Bank of India’s (RBI) target of 4%, there is another factor at play — transmission of past repo rate actions into lending rates. The monetary policy committee (MPC) of RBI raised the repo rate by 250 basis points (bps) between May 2022 and February 2023.

NEW DELHI : Ankita Sehgal was all geared up for her 10-day vacation to Vietnam but for one important detail that she had to tick off her to-do list: shopping. Not in Vietnam, rather for.

MUMBAI : In a rare instance of investor activism by an asset management company, Quantum Mutual Fund has written to the markets regulator objecting to the delisting of ICICI Securities Ltd on grounds of unfair valuation for the brokerage’s minority shareholders. The asset management company, in a letter to the Securities and Exchange Board of India (Sebi), also objected to employees of ICICI Bank Ltd allegedly reaching out to ICICI Securities shareholders urging them to vote in favour of the delisting, which sailed through despite opposition from some investors. ICICI Securities last month held a shareholder vote on the proposal to delist the company from the bourses and make it a 100% subsidiary of parent ICICI Bank.

Mitsubishi UFJ Financial Group Inc (MUFG), the world's second-largest bank holding company, is in advanced negotiations to buy a 20% stake in HDB Financial Services (HDB), a non-banking subsidiary of HDFC Bank, at a $9-10 billion valuation, said people aware of the matter. Once finalised, the $2 billion investment will be among the largest financial services sector deals involving lenders of the two countries. It will also unlock value for parent HDFC Bank, India's largest bank by market capitalisation, which has been dealing with synergy issues following the $60 billion merger with housing loan parent company HDFC Ltd.

India Meteorological Department forecasting more heatwave days than usual — companies are putting in place measures to provide some relief to workers. From ecommerce firms to real estate developers as well as oil, coal and mining companies — all say they are scaling up their efforts to protect those at higher risk from soaring temperatures. Temperatures have touched 40 degrees Celsius in many parts of the country, with worse expected to follow in the next few months. Measures to safeguard workers during the brutal summer months include restricted work hours, flexibility, resting areas and water stations, access to energy drinks, oral rehydration solution (ORS), medicines, access to health professionals, and breathable clothing, among others. Some ecommerce companies are even enabling additional earnings. Ecommerce drive:

Starlink for a satcom licence, despite pending issues such as its ties with US security agencies. The Elon Musk-owned company may be given “conditional approval”, based on an undertaking furnished by it, said people with knowledge of the matter. “As per the undertaking, Starlink may be asked to not share with any US agency the machines or equipment used in India, while data should not be routed outside the country,” one of the persons told ET, asking not to be named. Further, the satcom company may be asked to partner with an Indian company in atime-bound manner. This comes as Musk is set to travel to India later this month and meet Prime Minister Narendra Modi, with plans for a Tesla factory expected to be announced. An internal committee of the Department of Telecommunications (DoT) is working on the Starlink application. Since some of the issues, including those related to Starlink’s collaboration with American intelligence agencies, remain open, the company can only be granted conditional approval, the people said.

Henry Nicholls is quite positive about his chances of regaining a place in the Test side. The 32-year-old from Christchurch was dropped from the Test side for the home series against South Africa earlier this year. He was replaced by young sensation Rachin Ravindra. But he was called back for the following series against Australia and that gave Nicholls the confidence that he was still in the scheme of things for the Black Caps team management. The 56-Test veteran has been an important part of the New Zealand’s Test side since scoring a fifty in his debut match in 2016 against Australia. And he was also a member of the side that won the inaugural World Test Championship, beating India in the Final in Southampton, England, in 2021. He didn’t contribute much with the bat in that match but took a brilliant catch to dismiss dangerous Rishabh Pant in the second innings. Excerpts from his interaction with ET Sport. You were part of the New Zealand side that beat India in the World Test Championships final. How big was the occasion?

wholesale price index (WPI) after palm oil, whereas sunflower and soybean oils, which are now consumed more, get a lower weightage in the WPI of 2011-12, an anomaly which may lead to erroneous data about inflation. The Solvent Extractors' Association of India (SEA) recently wrote to the Centre, urging it to correct the weightage of different oils in the WPI to reflect the present consumption pattern. The weightage of edible oils in the WPI is 2.64293% under the food articles category. It is based on the consumption and the average price.

New Delhi's decision to post military and defence attaches to several new countries reflects India's changing assessments of strategic interests. Countering China, safeguarding critical gateways and increasing export of Indian military hardware is behind the choice of these new outposts that include several countries in Africa, East Europe and Asia Pacific. Now, GoI must ensure that defence personnel in missions abroad aren't limited to procurement, trade and training, as defence is an essential component of strategic relations. A better understanding of a defence attache's role is a must for the most optimum outcome.

Bollywood directors, one observes a pattern in the sets and the costumes. You realise that there's a conflation of royal palaces and brothels. Queens, brides and prostitutes all look alike, dress alike, live in the same spaces, dance and sing for the pleasure of men. A celebrity wedding looks no different — same sets, same costumes, the same desire for glamour. This is what relationships should look like in social media discourse — instagrammable, with friends, girlfriends, wives, mistresses, ex-lovers, secret lovers and escorts. The look matters. The same look in almost all cases. The Kama Sutra draws attention to the tension between the monogamous housewife and the polygamous courtesan. The former has access to status, power, dignity and nobility while the latter has freedom, agency and enterprise. The two belong to very different worlds. This was part of Indian culture for over 2,000 years. This system was broken down brutally by the British with the support of nationalists, who saw the courtesan culture as a sign of corruption and debauchery. In this one aspect, the nationalists and the colonialists agreed.