India Financial News

They not only bolster home security by deterring intruders but also offer peace of mind to homeowners by allowing them to monitor and manage access to their homes remotely. With features like temporary access codes and activity logs, smart door locks empower homeowners with greater control over their property's security. As a result, investing in the best smart door locks is not just about upgrading your home's security but also embracing a more convenient and connected lifestyle.

South India Organised Retailers Association (ORA) on Wednesday threatened to halt the sales of OnePlus products in their establishments from May 1, allegedly due to unresolved concerns with the company. In a letter addressed to Ranjeet Singh, Sales Director of Oneplus Technology India, ORA said that throughout the past year, the retailers' body has encountered significant obstacles associated with selling OnePlus products, which remain unresolved. «Despite our persistent efforts to address these concerns with your company, little progress or resolution has been achieved. Promises made have not been fulfilled, leaving us with no recourse but to take this drastic measure. ORA painfully wishes to inform our collective decision to halt the retail of OnePlus products in our establishments from 1st May, 2024,» the body said.

Prime Minister Narendra Modi is set to become the first prime minister of India to feature on the cover of Newsweek after Indira Gandhi. Former prime minister Indira Gandhi featured on the cover of Newsweek's April 1966 issue. The New York-based magazine has interviewed PM Modi who addressed Newsweek's written questions and followed up with a 90-minute conversation.

New Delhi: India and the Czech Republic are in talks to enhance defence cooperation, leveraging the shared utilization of Soviet and Russian-made defense platforms between the two nations. The discussions center on the possibility of Czech defense firms providing maintenance services, spares, and equipment to the Indian Army and Air Force, Eliska Zigova, Czech Republic’s Ambassador to India, said in an interview. “We understand that India has had a lot of cooperation in the past with the Soviet Union’s defense industry.

MUMBAI : Warburg Pincus has picked up a stake in Chennai-based Appasamy Associates Pvt. Ltd., a manufacturer of ophthalmic equipment and devices, in what is the US-based private equity firm's largest investment in the healthcare sector in India, a statement released by the two firms said. Though the firms did not disclose the financial details of the deal, people with knowledge of the matter said that Warburg has acquired around 65% stake in the company for nearly $300 million.

Mint, Sinha said the company is shifting its focus to round-the-clock (RTC) renewable energy projects, and highlighted its preference for battery energy storage systems due to their shorter setup times for grid-scale implementation. ReNew has a joint venture with US-based Fluence to offer energy storage solutions in India.

Khalid's bail plea were made on Tuesday before Additional Sessions Judge Sameer Bajpai. Special Public Prosecutor Amit Prasad said Khalid's mobile phone data revealed he was in contact with some actors, politicians, activists and celebrities and sent them some links by certain news portals against the Delhi Police. These links were sent with a request to share them on their social media accounts to set a particular narrative and amplify it.

New Delhi: Only a handful of Indian goods such as mobile phones and drugs witnessed a rise in their annual export value during the first 11 months of FY24 in a year that saw high interest rates globally curb demand and geopolitical tensions hurt international trade. Goods that saw their exports value increase between April 2023 and February 2024 include agricultural produce, drugs and pharmaceuticals, cotton yarn and handloom products, electronic goods, iron ore, ceramic products /glassware and engineering goods, according to the latest commerce ministry data.

Top News of the Day: On 10 April, a series of events are set to take place right from politics to business. Global automaker Tesla is on the lookout for a local partner to establish its operations in India. The Supreme Court rejected the affidavits submitted by yoga guru Ramdev and Patanjali Ayurved Ltd's managing director Acharya Balkrishna, which offered an unconditional apology in the misleading advertisements case.

IPL 2024's official website. Suryakumar Yadav shared the difficult phase when he was facing multiple medical issues and injuries which forced him to stay out of the ground. The explosive batter emphasized the importance of keeping one's diet good and getting adequate sleep.

Digvijaya Singh on Wednesday termed allegations against the Congress over the Katchatheevu island issue as «baseless». The decades-old territorial and fishing rights dispute around the Katchatheevu island is in the limelight ahead of the Lok Sabha elections with the BJP and the opposition engaged in a war of words over the issue. The island is located between Rameswaram in India and Sri Lanka. In 1974, the then central government accepted Katchatheevu as Sri Lankan territory under the «Indo-Sri Lankan Maritime Agreement.»

Rajnath Singh said on Wednesday and asserted «it is our character that we do what we say». Speaking at a campaign rally for the BJP's Saharanpur candidate Raghav Lakhanpal, he said, «A few years ago, there was a perception that politicians speak lies to seek votes and go away. They don't care about the public or the nation. This was the common perception towards politicians and political parties.» «We have changed this perception. It is our character that we do what we say. Earlier, it was the norm to think that a politician would lie but we changed this perception,» Singh added. The defence minister said political parties make big promises in their manifestos but forget those after assuming power.

froth in the broader market seems to have had an impact on mutual fund investors, too, who have started pulling out money from their smallcap investments for the first time after two and a half years. In March, the smallcap category saw an outflow of Rs 94.17 crore. The category saw its last considerable outflow of Rs 248.73 crore in September 2021. In FY24, the category received total inflows of Rs 40,188.56 crore with the highest seen in June 2023 at Rs 5,471.75 crore. During March, smallcap was the only equity category, which witnessed net outflows.

Directorate General of Civil Aviation (DGCA) has sought a timeline from airlines as to when they can implement the new pilot rest duty rules. DGCA’s move comes after the Delhi High Court, last week asked the regulator for a tentative date for implementation of the revised duty time norms for pilots. The court was hearing a writ petition filed by multiple pilot unions, challenging the DGCA rules on pilot’s duty hours. Prominent among them is a case filed by the Federation of Indian Pilots, which has more than 5,000 members.

retail investors switched to capital markets from traditional avenues to grow their wealth. In a startling fact revealed by Zerodha's Nithin Kamath, investors on Kite hold as much as Rs 4.5 lakh crore worth of assets in their demat accounts.

Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement related to his plans to invest and open a new factory in the country, two sources with direct knowledge said. The billionaire executive will meet Modi in the week of April 22 in New Delhi, and will separately make an announcement about his India plans, said the two sources, who declined to be named as the trip details are confidential. Modi's office and Tesla did not respond to a request for comment. Musk's final India trip agenda could still change.

Shares of Biocon Ltd.(up 2.59 per cent), Abbott India Ltd.(up 2.28 per cent), Laurus Labs Ltd.(up 1.21 per cent), Ipca Laboratories Ltd.(up 0.66 per cent) and Zydus Lifesciences Ltd.(up 0.52 per cent) ended the day as top gainers in the pack.

Garuda Aerospace on Wednesday said it has bagged the first order from ISRO for the supply of its cutting-edge quadcopter drones. Equipped with Machine Learning and Artificial Intelligence, the quadcopter drones would significantly enhance efficiency across the operations of the Bengaluru-headquartered space agency. During the Covid-19 lockdown, ISRO utilised the services of Garuda Aerospace in 2021 for sanitising its premises using drones, the city-based drone manufacturer said in a press release.

CashKaro to integrate decentralised blockchain technologies into CashKaro’s cashback services and online retail space. Zyber 365 Group was founded by Pearl Kapur, who recently became India’s youngest billionaire at 27. Zyber 365, valued at $1.2 billion currently, is an Indian cashback and coupon site. This alliance marks a pivotal juncture in the evolution of cashback space and online e-commerce, promising unparalleled innovation, scalability, transparency, and efficiency for consumers and retailers alike, Zyber 365 said.

Domestic benchmark index NSE Nifty ended 111.05 points up at 22753.8, while the BSE Sensex closed 354.45 points up at 75038.15.