India Financial News

Reserve Bank of India has rejected two more applications, including that of Dvara Kshetriya Gramin Financial Services, for setting up small finance banks. Earlier in July 2023, it had rejected three applications. RBI had received about a dozen applications to set up banks under the guidelines for 'on tap' Licensing of Universal Banks and Small Finance Banks (SFBs). The guidelines for 'on tap' licensing of Universal Banks and SFBs in the private sector were issued on August 1, 2016, and December 5, 2019, respectively.

Ambuja Cements and ACC Ltd, is targeting to capture around one-fifth of the Indian cement market by FY28. Adani Cement business will implement its accelerated capex program through internal accruals and the business will continue to "remain debt free," said an investor presentation shared by Ambuja Cements. Besides, Adani Cement also amplifies the pace of capacity expansion and is expected to have an accelerated growth rate of 16 per cent to reach 140 MTPA (million tonnes per annum) by FY2028.

India has seen a dramatic increase in the number of investors applying for the EB5 Visa as an alternative to student visas and H-1B visas. According to the latest data, the number of EB5 Visa applications from India has surged from ~750 applications in 2019 to 10000+ applications in 2022. “The EB-5 program has seen a large resurgence of interest from India with the shorter adjudication times based on the new visa set-aside categories.

NEW DELHI : India on Friday issued an advisory, warning its citizens against travelling to Iran and Israel due to escalating tensions between the two West Asian nations. “In view of the prevailing situation in the region, all Indians are advised not to travel to Iran or Israel till further notice. All those who are currently residing in Iran or Israel are requested to get in touch with Indian embassies there and register themselves.

Mint. Discharges like jarosite that mostly went to landfills will now generate byproducts that can be used in the fertilizer and paint industries. This can reduce the waste generated by the leading zinc producer.

HAL Share Price Today: Shares of public-sector undertaking (PSU) Hindustan Aeronautics Ltd or HAL rose more than three per cent to hit a lifetime record-high mark during intra-day on Friday, April 12. The surge in shares came as the Defence Ministry today issued a tender to the defence major for buying made-in-India 97 LCA Mark 1A fighter jets.

Mumbai Indians' loyal fans, with the 29-year-old regularly being booed during IPL matches this season. While it would be expected that being subjected to the taunts by fans would make the MI captain uncomfortable, teammate Ishan Kishan suggests that Pandya is taking the challenge in his stride and may even be enjoying the fans' behaviour.

KGF’ star Yash is making his debut as a producer! The Sandalwood star’s production house Monster Mind Creations has joined hands with Namit Malhotra's production company Prime Focus Studios to produce the magnum opus, which will be featuring ‘Animal’ star Ranbir Kapoor, Sai Pallavi in pivotal roles. Yash is also rumoured to star as the antagonist Ravana. In a heartfelt statement, the actor said that the story of ‘Ramayana’ has fascinated him always. He felt that even though most Indians are more or less familiar with Lord Ram’s journey to rescue his wife Sita from the demon king Ravan, and his principles of righteousness, the timeless epic imparts new lessons and fresh perspectives every time you are reacquainted with it. “We believe we know Ramayana well, yet each time it unveils fresh wisdom, ignites new knowledge, and offers unique perspectives. Our vision is to translate this timeless epic onto the silver screen. It will be a grand spectacle, honoring its scale, but at its core, it will be an honest and faithful portrayal of the story, emotions, and values we hold dear. This is a journey to share Ramayana with the world,” he said. He was on a trip to Los Angeles when he met Malhotra, who was already working for ‘Ramayana.’

Adani group, which owns Ambuja Cements and ACC Ltd, is targeting to capture around one-fifth of the Indian cement market by FY28. Adani Cement business will implement its accelerated capex program through internal accruals and the business will continue to «remain debt free,» said an investor presentation shared by Ambuja Cements. Besides, Adani Cement also amplifies the pace of capacity expansion and is expected to have an accelerated growth rate of 16 per cent to reach 140 MTPA (million tonnes per annum) by FY2028. «Adani Cement market share targeted to be 20 per cent by FY'28 from current 14 per cent,» the Adani group firm said.

Tata Consultancy Services (TCS) on Friday reported better than expected fourth quarter numbers in a muted macro environment with strong margins and healthy topline growth. Profit after tax (PAT) for the March quarter rose 9% year-on-year (YoY) to Rs 12,434 crore, while revenue from operations increased 3.5% to Rs 61,237 crore.

Two-wheeler sales too recovered, growing by over 13% to 17.9 million units in the year under review. However, overall volumes are still shy of the peak of 21 million units reported in FY19. Meanwhile, sales of commercial vehicles remained flat at 967,000 units last fiscal. In March, the last month of the financial year, the cumulative sales of cars, sedans and utility vehicles was 368,086 units, up from 336,000 a year, as per data available with industry body Society of Indian Automobile Manufacturers (SIAM).

Narendra Modi on Friday attacked the 'Mughal' mindset of INDIA bloc leaders Rahul Gandhi and Lalu Yadav and his son, Tejashwi Yadav for hurting the religious sentiments of Hindus and teasing them by cooking mutton during Sawan and eating fish during Navratri. PM Modi said that these leaders are inspired by a 'Mughal' mindset and they enjoy hurting the sentiments of the people. Prime Minister's remarks were about Rahul Gandhi's visit to RJD chief Lalu Prasad Yadav, where he cooked mutton at the latter's residence on September 2, 2023. The Wayanad MP had also shared a video in this regard on his YouTube channel.

demat accounts in India crossed the 15 crore mark for the first time ever in March on the back of sustained bullish momentum in the Indian market. According to domestic brokerage house Motilal Oswal Financial Services, the total number of demat accounts jumped to 15.1 crores in March 2024, with new account additions surging to 31 lakhs in the previous month. The Indian benchmark Nifty rose 1.5 percent in March on the back of strong macro cues, hopes of a rate cut, continuous foreign investor inflows as well as overall positive global market trends.

United States. Two Indian students were reported to have been killed in the US. One was stabbed to death by a homeless person, while the other student was shot at.

ALSO READ: Virat Kohli, Rishabh Pant almost confirmed in India's T20 World Cup 2024 squad: Report Not only Pant, even Stubbs emerged as one of the most reliable players for Capitals -- scoring three fifties to his name, including a spectacular unbeaten 71 off 29 balls against the Mumbai Indians on 7 April. He hared a crucial 93-run partnership with Pant during DC's match with KKR. "It helps that he (Pant) is left, and I'm a right-handed batter, so there are different match-ups.

Puravankara, a leading real estate developer in India, witnessed a surge in its share price, hitting the 10% upper circuit during today's trading session at ₹324.30 per share. This week marked a remarkable rally, recording a 33.68% gain, the largest weekly increase since November 2017.

New Delhi: The government is planning to widen all bridges running across highways to make them as wide as the highways themselves. Narrowing road bridges across highways are often blamed for vehicles crashing through parapets and crash barriers.

Ambedkar Jayanti 2024: Ambedkar Jayanti, also known as Bhim Jayanti, is celebrated on April 14 every year to honor the memory of "Father of Indian Constitution" Dr Bhim Rao Ambedkar on his birth anniversary. 1891-born Ambedkar was not only the principal architect of the Indian Constitution, but the first Law Minister of Independent India, a jurist, economist, and a social reformer.

Ayodhya Ram Mandir's Pran Pratistha ceremony was held with much fanfare, giving rise to speculations that this would help Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) seal an edge over the opposition parties in the upcoming Lok Sabha Polls. However, a survey in a Reuters report, says that while 22% of Indian voters surveyed considered the Ayodhya Ram Mandir their "most liked action" of PM Modi's government, only 8% considered this to be their primary concern. The Ram Mandir has been increasingly used by the BJP in their poll campaigns in the run up to the Lok Sabha elections.

ALSO READ: Watch: Rohit Sharma teases Dinesh Karthik during MI vs RCB IPL 2024 match, caught on stump mic "I haven't really thought about retirement. But, I don't know where life takes you. I am still playing well at this point in time - so I am thinking I am going to continue for a few more years and then, I don't know.

Godrej Properties share price has more than doubled in last one year giving multi bagger returns to the investors. The stock remains in news on strong sales numbers seen in FY24. As per release by Godrej Properties in Q4 of FY24, Godrej Properties' bookings increased 135% YoY to exceed ₹9,500 crore.