India Financial News
11.04 / 13:41
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We are not kids: Virat Kohli on hugs with Gambhir, Naveen-ul-Haq
RCB) batsman and star India batter Virat Kohli has slammed the trolls who were 'dissapointed' after seeing him hugging Afghanistan pacer Naveen-ul-Haq and former Indian opener Gautam Gambhir. «Log bohot disappointed hog aye hain mere behavior se. Naveen ke saath maine jhappi daal li, us din Gauti bhai ne aake mereko jhappi daal di. Matlab, tumhara masala khatam ho gaya to boohoo kar rahe ho. Abey bache thodi na hain yaar (People are very disappointed with my behavior. I hugged Naveen, and then the other day Gauti bhai [Gautam Gambhir] hugged me. Now that they don't have anything juicy, they've started booing. We are not kids!),» said Virat. The row between Kohli and Gambhir started in 2023 when during an intense match between RCB and Lucknow Super Giants (LSG). During the match Kohli had an intense argument with Naveen-ul-Haq and Amit Mishra. The exchanges spilled over and Kohli found himself in a heated exchange with LSG opener Kyle Mayers, prompting Gambhir (then LSG mentor) to intervene. This action appeared to provoke Kohli, leading to a fiery exchange between Gambhir and Kohli. The confrontation reached its peak as both men exchanged heated words, with teammates attempting to mediate.
11.04 / 13:41
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Tesla
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Unfazed by impending entry of Tesla, new EV policy has safeguards: Mercedes-Benz India
Mercedes-Benz is unfazed by the likelihood of Tesla entering India with imported electric cars at much lower duty and believes that the country's new EV policy has safeguards for existing players, a senior company official said on Thursday. While the entry of the likes of Tesla and VinFast will help expand the market and accelerate EV adoption in India, Mercedes-Benz is confident to maintain leadership in the luxury EV space as the new entrants would play in the lower segment. «I think new competitions and new players are always welcome. It helps to expand the market, spread more awareness, which is also the need of the hour to get more EV penetration,» Mercedes-Benz India Managing Director & CEO Santosh Iyer told PTI. He was responding to a query on the implications of India's new EV policy and if it puts manufacturers which have already invested in the country at a disadvantage.
11.04 / 13:41
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BJP flays RJD's Misa Bharti for threatening to put PM Modi in jail if INDIA bloc comes to power
BJP lashed out at RJD leader Misa Bharti on Thursday for threatening to put its leaders, including Prime Minister Narendra Modi, in jail if the INDIA bloc is voted to power at the Centre and said people will give the opposition parties a fitting reply in the upcoming Lok Sabha polls for such remarks. Talking to reporters in Patna on Thursday, Bharti raised the issue of electoral bonds and said Bharatiya Janata Party (BJP) leaders in Bihar as well as the prime minister will be put behind bars for raising donations through the scheme by misusing central agencies. Reacting sharply to the Rashtriya Janata Dal (RLD) leader's remarks, BJP chief J P Nadda said those facing a probe for alleged corruption and out on bail are «abusing» Modi, who has an unblemished political career. «They are hurling various kinds of abuses on Modi. In the last 23 years, Modiji served as the Gujarat chief minister for more than 12 years and as the prime minister for 10 years. Modiji has worked as the country's chief administrator and there is no blemish on him. Misa Bharti is saying she will send such a person to jail,» Nadda told a poll rally in the Anadaman and Nicobar Islands.
11.04 / 13:41
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India's energy requirement will increase by 2.5 times by 2047
India will be increased by 2.5 times by the year 2047, and right now around 84 per cent of India's energy is produced using coal, said Venu Gopal Mothkoor, Senior Specialist- Energy, NITI Aayog. He further added that achieving CO2 emission targets necessitates a focus on energy efficiency and demand electrification, which could potentially reduce CO2 emissions by 51 per cent by 2047. Speaking at a roundtable discussion organized by FICCI (Federation of Indian Chambers of Commerce and Industry) on 'Doubling the Rate of Energy Efficiency of Indian Industry 2030' he also underscored the pressing need to address this surge in energy requirements.
11.04 / 13:41
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exclusive
2020
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peace
"Under PM Modi, no one can capture even an inch of our land...": Rajnath Singh
India lost a «substantial» amount of land to China, Defence Minister Rajnath Singh affirmed that no one can occupy even an inch of Indian land under Prime Minister Narendra Modi's leadership. Reacting to the reports of Chinese construction near the Line of Actual Control (LAC), he said that both countries are independent in carrying out construction on their side of the LAC. On being asked if China has occupied any piece of Indian land, the Defence Minister said, «I don't think so».
11.04 / 13:13
COST
Manufacturing
economy
country
Rising raw material costs hit Indian plastic industry
New Delhi: Rising prices of raw materials for manufacturing plastic products could further burden the Indian economy lead to a hike in the prices of plastic goods in the near future, said Sribash Dasmohapatra, executive director of the Plastic Export Promotion Council (PLEXCONCIL), a body under the ministry of commerce. Raw materials used for manufacturing plastics, such as ethylene and propylene, are primarily sourced from countries with abundant petrochemical resources like Russia, Iran, the United Arab Emirates and Saudi Arabia.
11.04 / 13:13
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Vaisakhi 2024: When is Vaisakhi? Date, history and significance
Vaisakhi, which also marks the beginning of the harvest season, is primarily celebrated in Punjab and Northern India and also by the Indian diaspora across the globe. It is important to note that on the same day, other harvest festivals like Bohag Bihu in Assam and Vishu in Kerala are also celebrated. Besides the harvest festival, Vaisakhi also commemorates the formation of the Khalsa Panth by the tenth Guru Gobind Singh in 1699, symbolising courage, equality and the pursuit of justice.
11.04 / 12:39
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reports
Updates
cricket
NOT
‘Hardik Pandya is not playing…’: Mumbai Indians batter reveals dressing room vibe under new captain
MI vs RCB 2024 IPL: Hardik Pandya taking over the captaincy role was a big change for Mumbai Indians, a franchise which won five IPL titles under the leadership of Rohit Sharma. After the crucial decision, it was reported that some MI players are not happy with the change and wanted to see Rohit Sharma, leading the franchise for some more years.
11.04 / 12:39
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Sporting
bowling
Sunil Gavaskar hints at Team India's jersey for Riyan Parag, says 'All he needs to do...'
ALSO READ: Riyan Parag's IPL 2024 dream run continues with 3rd half-century this season during RR vs GT match Gavaskar even advised Riyan to continue with his impressive form and make the most of each opportunity he gets. In 2019, Riyan failed to make his presence felt, but has arrived with a bang in 2024. “Riyan Parag made Gujarat pay for those lapses.
11.04 / 12:39
Remark
Election
DAL
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BJP slams Lalu Yadav's daughter Misa Bharti's 'will jail PM Modi' remark: 'Making her father's pratigya...'
BJP leaders, they will be behind bars". Bharatiya Janata Party (BJP) leaders were quick to slam the RJD MP for her ‘will jail PM Modi’ remark, and said, “she is making her father's 'pratigya' laughable" In Bihar, Rashtriya Janata Dal (RJD) has fielded Lalu Prasad Yadav's eldest daughter Misa Bharti, who is enjoying her second term in the Rajya Sabha, in the Patliputra Lok Sabha constituency. Misa Bharti will contest against BJP candidate Ram Kripal Yadav, who defeated her in the last elections.
11.04 / 12:39
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Rate Cut
Indian stock market: Gift Nifty indicates gap-down opening on April 12 after US inflation dispels Fed rate cut hopes
Also Read: US Fed rate cut unlikely in June as US inflation hots up. What this means for Indian investors and what should they do? Coming to current levels, NSE International Exchange (NSEIX) data suggests that Gift Nifty is trading around 22,582 (up 0.12 per cent) as against the Nifty 50 futures closing of 22,804 on April 10. Gift Nifty is more than 200 points lower which indicates a gap-down opening for Nifty 50 on Friday, April 12.
11.04 / 12:39
markets
COST
UPS
Manufacturing
Assurant
Strategy
Hyundai
NOT
Exide Industries EV battery pact is positive, but not without challenges
ventured into lithium-ion battery making, crucial for EVs, by beginning the construction of a facility equipped with technology from China-based manufacturer SVOLT. The facility would have a capacity of 6 GWhr in the initial phase, entailing an investment of ₹4,500 crore to ₹5,000 crore. Of this, it has invested over ₹1,800 crore by December.
11.04 / 12:39
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orienteering
Mutual funds: SIP contributions jumped 28% to nearly ₹2 lakh crore in FY24, shows AMFI data
bull run, total inflow into equity mutual fund schemes during the fiscal year 2023-24 touched ₹1.84 lakh crore. Significantly, total inflow into all the mutual fund schemes via systematic investment plans (SIPs) stood at ₹1.99 lakh crore, 28 per cent higher than ₹1.56 lakh crore recorded in the preceding financial year. Debt mutual funds saw an outflow of ₹23,098 crore, according to the data released by the Association of Mutual Funds in India (AMFI).
11.04 / 12:39
11.04 / 11:11
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Analysis
Death
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Climate change linked to rising stroke deaths: Global study reveals alarming trends
disability due to stroke around the world are increasingly linked to temperature changes driven by climate change, a new analysis of global data over three decades has found. In 2019, there were over 5.2 lakh stroke deaths linked to non-optimal temperatures, the study, published in the journal Neurology, found. While the majority of these stroke deaths — more than 4.7 lakh — were due to lower than optimal temperatures, researchers also found that number of deaths from stroke linked to higher than optimal temperatures had increased, when compared with 1990. They associated optimal temperatures with the lowest death rates. The burden of stroke «due to high temperature has increased rapidly, especially among people aged older than 10 years, and was disproportionately concentrated in low Socio-demographic Index (SDI) regions such as Africa,» they wrote in the study.
11.04 / 11:11
markets
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IPO
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Bharti Hexacom GMP: Will there be a listing pop at the bourses tomorrow?
Bharti Hexacom will be listed on the exchanges on Friday. Ahead of the debut, the company's shares are trading with a premium of Rs 90 in the unlisted market. Considering the upper price band of Rs 570, the stock is expected to list at a 16% premium to the issue price.
11.04 / 11:11
Election
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War
Fishing
rights
Relationships
Katchatheevu made poll issue without considering India-Sri Lanka ties: Yashwant Sinha
Katchatheevu island an election issue ahead of Lok Sabha polls without thinking of its implications on the India-Sri Lanka relations. The decades-old territorial and fishing rights dispute around the Katchatheevu island is in the limelight again with the BJP and the opposition parties engaged in a war of words. Sinha, who had served as India's finance minister, and external affairs minister, said the island falls on the Sri Lankan side of the maritime boundary. «I am extremely dismayed that no other than the prime minister of the country has raised this issue. I am aware of the fact that Katchatheevu was an island which when the maritime, international maritime line was drawn fell on the side of Sri Lanka and therefore went to Sri Lanka.
11.04 / 11:11
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poverty
country
2020
Interviews
peace
Why are country's borders shrinking: Akhilesh Yadav hits out at BJP
Samajwadi Party chief Akhilesh Yadav on Thursday wondered why the country's borders were shrinking and how free was its press. Yadav attended the special prayers at Aishbagh Eidgah here on Eid-ul-Fitr and greeted people on the occasion. «People are noticing that our country that was once developing, what is the state of law and order here now, what is our unemployment level, how free our press is, where are we standing on the parameters of health and poverty index? Why are our borders shrinking?» Yadav said without taking any names. «People are going to vote on these issues and they have decided to bring a change,» the former Uttar Pradesh chief minister said after initially declining to make any political comments «at the time of festivities».
11.04 / 11:11
UPS
Election
Research
students
country
Schools
International
We cherish the connection with India, says INSEAD dean Francisco Veloso
INSEAD, one of the world's leading graduate business schools, has no immediate plans to open a campus in India though it remains committed to developing and strengthening industry-academia research in future with top Indian multinationals and unicorn startups. Francisco Veloso, who took over as dean of the institute in September last year, says Indian students form the most represented nationality at the global business school with representation of about 12-15%, higher than Chinese students at 9-10%. In an exclusive interview with ET’s Rica Bhattacharyya, Veloso talks about the inroads AI is making into classrooms and the rising interest among Indian business leaders to learn this transformational technology. Edited excerpts: INSEAD has set up its physical presence over the years in multiple countries. Do you have any plans to set up a campus in India? India is a very important and fast-growing country for the world, and has an increasing significance internationally. We at INSEAD have many ties with India. About 10% of our faculty are originally from India and it is one of the most represented nationalities in our faculty. We have many alumni in India and have important partnerships with them in the country.
11.04 / 10:25
UPS
country
2020
Interviews
peace
rowing
Congress hits out at PM Modi over India-China border row: 'An insult to our martyrs..'
Newsweek and opened up on the relations with China, Congress veteran Jairam Ramesh on Thursday said that PM Modi's reaction to the China issue is an 'insult to the martyrs. Taking to X, Ramesh wrote, "The Prime Minister's reaction on the China issue is not only shameful but also an insult to our martyrs who made the supreme sacrifice while protecting our borders," he wrote.
11.04 / 10:25
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electronic
Majority of principal commodities exported to China record positive growth in 2023: Comm Min data
China have recorded a positive growth in 2023 out of the total 161 such goods shipped to the neighbouring country, according to commerce ministry data. These 90 commodities account for 67.7 per cent of India's export basket to China, while 71 products that have registered a negative export growth in 2023 constitute 32.3 per cent, the data showed. There are four commodities level where India has improved its export to China by more than USD 100 million in 2023. They are iron ore (216.8 per cent to USD 3.33 billion in 2023), cotton yarn (542.6 per cent to USD 611.17 million in 2023), spices (19.4 per cent to USD 132.26 million in 2023), and processed minerals (174.19 per cent to USD 129 million in 2023).
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