India Financial News

₹4 crore in business, news agency ANI has reported. As per the Mumbai Police, Vaibhav allegedly diverted around ₹4.3 crore from the partnership firm, causing a loss to Hardik Pandya and his brother Krunal Pandya. Officials in the EOW wing told Times of India that, Vaibhav was arrested on April 10 and has been charged with cheating and forgery.

Bank Nifty was up by 256.05(0.53%) at 10 Apr 2024 15:32:23 IST.In the BSE Sensex index ITC, Kotak Mahindra Bank, Bharti Airtel, State Bank Of India, Asian Paints were the top gainers while Maruti Suzuki India, HDFC Bank, Larsen & Toubro, Mahindra & Mahindra, Tata Steel were the top losers.In the Bank Nifty index IDFC First Bank, Punjab National Bank, Kotak Mahindra Bank, Federal Bank, Bank Of Baroda were the top gainers while HDFC Bank, Indusind Bank, Bandhan Bank, were the top losers.For the complete list of 52 week high stocks click here. Milestone Alert! Livemint tops charts as the fastest growing news website in the world

₹12 lakh for breach of Code of Conduct during the Indian Premier League match against Gujarat Titans at the Sawai Mansingh Stadium in Jaipur on April 10. He has been fined after his team maintained a slow over rate during the match.

Is China going to default? Fitch cuts rating to negative Also Read: Will India overtake China to become world's economic heavyweight by 2028? Meanwhile, the US consumer price index (CPI) rose 0.4 per cent month-on-month (MoM) and 3.5 per cent year-on-year (YoY), above the Street expectations of 0.3 per cent MoM and 3.4 per cent YoY, according to data released by the Labor Department's Bureau of Labor Statistics on Wednesday, April 10. Core inflation, which the Fed tracks closely, grew 0.4 per cent MoM against the expectations of a 0.3 per cent increase.

US inflation beats Wall Street estimates, rises 0.4% in March; Fed's June rate cut hopes fade away The US CPI data for March marked the biggest gain in six months (since September 2023). Also Read: Fed rate cuts are now a matter of if, not just when The hotter-than-expected US inflation print for March has dealt a serious blow to hopes of Fed rate cuts in June. Experts underscore that US Fed swap markets are discounting the possibility of only two rate cuts this year, compared to the six rate cuts expected at the beginning of the year and three rate cut expectations in March.

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PTI via phone that the bus driver had been arrested. Asked about reports suggesting that the driver was drunk, he said, "We have apprehended him and his medical examination is being conducted after which we will be able to properly establish whether he was actually drunk or not". Dr Ravi Kaushik of Nihal hospital, Mahendragarh, Haryana, said, ""Twenty children were brought here, out of which four were brought dead.

Debt funds witnessed a significant outflow in March 2024, amounting to around ₹1.98 lakh crore, as per data released by the Association of Mutual Funds in India (AMFI) on April 10. All debt funds categories witnessed outflow except for long-duration funds, banking, PSU, and Gilt funds with a 10-year constant duration.

India later this month to explore opportunities in the country's huge agribusiness sector and further promote American products among India's rising middle class. «India represents a growth economy for the US agribusinesses seeking to capture an increasing share of the household food purchases in the fifth-largest economy in the world,» said Under Secretary of Agriculture for Trade and Foreign Agricultural Affair Alexis Taylor. From April 22 to 25, Taylor will lead a US Department of Agriculture (USDA) agribusiness trade mission to Delhi. «India's rising middle-class consumers' familiarity with American food products and increased purchasing power is a real opportunity for US producers,» Taylor said.

mutual funds have delivered an average return of 38% in the last one year, an analysis by ETMutualFunds showed. There were around 12 schemes in the consumption category. Toppers gave more than 40% returns in the last one year, with ICICI Prudential Bharat Consumption Fund leading at 43.87% return. Meanwhile, Tata India Consumer Fund gave a 43.44% return during the same period.

Royals director of cricket Kumar Sangakkara has praised the inform Riyan Parag, saying his potential is there for everyone to see but the Sri Lankan legend fell short of stating that the youngster deserves a place in India's T20 World Cup squad. The 22-year-old is second only to Virat Kohli in the leading run-getter's list this IPL season having scored 261 runs, with a top score of 84 not out and a strike rate exceeding 158. The hard hitter's 76 off 48 balls went in vain as Gujarat Titans overhauled the imposing 196-run total off the last ball of the innings here on Wednesday to break the Royals' four-match winning streak on Wednesday. «I think his (Parag's) potential is there for everyone to see. I think for Riyan it's really about concentrating on Rajasthan and this season, and whatever happens (being considered for T20 World Cup) will happen after that,» said Sangakkara in response to a question about whether the Assam cricketer could be in line for an India berth for the World Cup later this year in the West Indies and the USA.

Aryan Khan, Larissa Bonesi, the Brazilian model-actress, has once again ignited curiosity among fans with her latest social media post. The actress, known for her roles in Hindi and Telugu films, shared a cryptic photo on Instagram, hinting at a possible romance with Shah Rukh Khan's son.

Mamata Banerjee on Thursday said she will not allow implementation of the CAA, NRC and the Uniform Civil Code in the state. Addressing a gathering here on the occasion of Eid-ul-Fitr, she claimed that some people will try to «engineer riots» during elections and urged those who participated in the programme «not to fall prey to the plot». Eid-ul-Fitr marks the culmination of the fasting month of Ramzan. «We will not accept the Citizenship (Amendment) Act, National Register of Citizens and Uniform Civil Code. If we will live unitedly, nobody will be able to cause harm to us,» Banerjee said while addressing the gathering at the Red Road.

Rajasthan Royals skipper Sanju Samson has been fined Rs 12 lakh after his team maintained a slow over rate during the Indian Premier League match against Gujarat Titans here. The Royals' four-match winning streak was broken by the Shubman Gill-led Titans, who won the match by three wickets in a last-ball thriller on Wednesday. «Sanju Samson, the Rajasthan Royals captain, has been fined after his team maintained a slow over rate during their TATA Indian Premier League (IPL) 2024 match against Gujarat Titans at the Sawai Man Singh Stadium, Jaipur on April 10,» said an IPL statement. «As it was his team's first offence of the season under the IPL's Code of Conduct relating to minimum over rate offences, Samson was fined Rs 12 lakhs,» the statement added.

Swarup Mohanty, Vice Chairman & CEO, Mirae Asset Global Investments, says “every fund manager will ask you to buy a good company at a good price. You have to decide how much of your portfolio is invested in good companies and the good companies are invariably the larger companies which have more from a balance sheet stability perspective. So, if you have bought more of the smaller companies, it is time to rebalance and that would be the right way of going ahead.” Good to see that despite the kind of volatility that we have seen in the stock markets, the SIP data continues unabated. What is your own expectation of what the next realistic target should be for the SIP figures on a monthly basis? Swarup Mohanty: It has become the go-to way of investing broadly for Indians. It is such a wonderful process of investing. It does allow investors to catch volatility like this and then over a period of time, the rupee cost averaging does set in. So, the process of investing through SIP is always the disciplined way and hence I think more and more Indians are catching on to it, 19,200 per month as we speak. My figure for December 2024 is 25,000. I do not see any stoppage of this at all. So, yes, I mean, great to be at the receiving end of the SIP flows.

stock market, the Nifty 50 index has risen 4.65 percent in 2024, the BSE Sensex has surged 3.83 percent whereas the Bank Nifty index has risen nearly 1.56 percent this year. So, it is clear that despite all these assets climbing to a new peak in 2024, gold and silver have outshined the key benchmark indices of the Indian stock market in YTD time.

Is Indian stock market shut tomorrow for Eid? Details here Also due to the Lok Sabha election, the sale of liquor will be prohibited from 6 pm on April 24 to 6 pm on April 26 due to polling in the border areas of Uttar Pradesh. Dry Days in Delhi: Govt issues list from April to June. Check details here The other upcoming dry days in India will be on: Eid ul-Fitr is celebrated on the first day of Shawwal, the 10th month of the Islamic lunar calendar.

₹400 trillion in market capitalization, the sum of what all listed shares are worth. The impressive part is that participation has broadened vastly too. India boasts of over 150 million demat accounts, up from just 20 million or so a decade ago.

Stock Market News: The domestic equity benchmark indices, the Sensex and the Nifty 50, finished Wednesday's session on a positive note as metal, public sector undertakings (PSU) bank, and oil and gas stocks led the way amid mixed global cues ahead of US inflation data. The S&P BSE Sensex gained 0.47% to 75,038.15, while the NSE Nifty 50 rose by 0.49% to 22,753.80, reaching an all-time high in intraday trading for the third straight day.

With India’s civil aviation sector going through turbulence, fliers are being forced to tighten their budgetary belts, as airfares have soared at a dizzying angle. Busy routes have gone up by as much as 30% at the start of the summer rush. For a quick explanation, Exhibit ‘A’ is Tata-run Vistara’s recent declaration of scaling back operations by about 25-30 flights per day, or roughly 10% of its capacity, amid a shortage of pilots.

It is the age of startups in India, with entrepreneurs celebrated as they embody the spirit of New India. Large corporations are the economy’s mainstay, but are perceived to be steady and slow. In the corporate savanna, large corporates are elephants compared to the startup cheetahs.