India Financial News

Delhi's Fatehpuri Masjid Imam Mufti Mukarram Ahmad told PTI that the Ruet-e-Hilal Committee of the mosque contacted many places and was informed that moon was not sighted. Therefore, Eid will be celebrated in India on Thursday and on Wednesday the 30th fast of Ramzan will be observed, he said.

Congress party on Tuesday released a list of 6 and 12 candidates for the Lok Sabha and Assembly polls respectively, for the state of Andhra Pradesh. The grand old party has fielded Lavanya Kavuri from Eluru seat in Andhra Pradesh, while Dr Chinta Mohan will fight from Tirupati seat reserved for SC candidate.

Paytm app, witnessed a decline in its unified payments interface (UPI) market share, dropping to nine percent in March, according to data available on NPCI, as quoted by Moneycontrol. This marks its lowest level in the past four years. The decrease follows a drop to 11 percent in February, down from the previous month, attributed to regulatory restrictions imposed on its affiliate, Paytm Payments Bank Limited (PPBL), by the Reserve Bank of India (RBI).

Bank of Baroda. “That will affect the agri prospects and rural demand. As of now, it is a positive signal which was expected as the world over La Nina was to prevail." According to the latest data from the Central Water Commission, the available water level this week in these reservoirs was 61.801 billion cubic metres (BCM), 17% lower than the corresponding period last year when it was 74.47 BCM and 2% lower than the average of last 10 years (63.095 BCM).

Bloomberg report, the Indian stock market is blooming thanks to the foreign funding and Centre's new trade deals. The youthful market of 143 crore Indians is attracting international manufacturing bigwigs, who once clustered around southern China. Aircraft makers such as the Boeing Inc are taking record orders from Indian arlines such as Air India and IndiGo, while the tech gaint Apple Inc is scaling up production of India-made iPhones.

NEW DELHI : The ministry of corporate affairs has extended the timeline for consultations on the draft Digital Competition Bill, as well as the report filed by the committee on digital competition law, to 15 May. The Bill and the CDCL report propose a standalone regulation on tackling big tech firms, and the impact of their market might in India.

NEW DELHI : Even as India accelerates towards a greener future with an ambitious target for two-wheeler electrification by 2030, Yamaha Motor India is steering towards a more conservative course. Anticipating a 20% adoption rate for electric scooters by the end of the decade, the local arm of Japan's Yamaha Motor Co.

IPL 2024: Twenty-two year old Sri Lankan spinner Vijayakanth Viyaskanth has been chosen to replace Sunrisers Hyderabad legspinner Wanindu Hasaranga. Hasaranga was ruled out of the ongoing Indian Premier League (IPL) 2024 due to chronic heel pain in his left foot, ESPNcricinfo reported on Tuesday. Follow PBKS vs SRH 2024 IPL Live Score here "Wanindu Hasaranga will be unavailable for the season due to injury.

Mint’s query regarding this board meeting. Cut to 2024. There is a sea-change in how employee concerns are now being handled, several people Mint spoke to alleged.

₹2,500 crore, allegedly due to actions of its promoters and directors. The lawsuit targets members of the Jindal Polyfilms promoter family — Shyam Sunder Jindal, Subhadra Jindal, and Bhavesh Jindal —as well as certain company directors and officials. Directors named in the lawsuit include Sonal Agarwal, Sanjeev Aggarwal, Rathi Binod Pal, Sanjeev Saxena, Devinder Kumar Rithaliya, and Vijender Kumar Singhal.

Paytm Payments Bank's managing director (MD) and chief executive officer (CEO) Surinder Chawla has resigned from the company, according to a regulatory filing by Paytm brand owner One97 Communications on Tuesday, April 9. Chawla will be relieved from his duties from June 16, 2024. Chawla's resignation comes amidst Paytm Payments Bank Ltd (PPBL) facing prohibitory action from the Reserve Bank of India (RBI).

Mint takes a look at how banks performed on the deposit front and why their CD ratio hit a nearly 20-year high. The pace of growth of bank credit surpassed deposit growth in FY24, as per data from the RBI. In FY24, while deposits grew 13.5% to ₹204.8 trillion, non-food credit grew 20.2% to ₹164.1 trillion as on 22 March.

India vs Pakistan clash will take place on June 9 in New York. Earlier, the sources from the Board for Control of Cricket in India (BCCI) claimed that the board was not sure about Virat Kohli's place in the T20 World Cup squad. Virat Kohli plays in the number 3 position, so the board was confused about picking him with younger batters like Shubman Gill and Yashasvi Jaiswal, who have shown better strike rates in recent years.

BENGALURU : Waycool Foods and Products Pvt. Ltd has sought short-term relief on repayments to its debt lenders, marking a turn of fortunes for a company that was in the race to be India's first agritech unicorn. The move comes shortly after the company raised $30 million through convertible notes in an internal funding round, with most of its existing investors participating, two people familiar with the matter told Mint.

MUMBAI : A staggering 960 million Indians above 18 years are eligible to vote in the seven-phase national elections starting 19 April; and India's corporate citizens are pulling out all stops to make sure maximum employees join the great democratic exercise. From IT companies like Tata Consultancy Services to e-commerce giants like Amazon, from consultancies such as KPMG to manpower biggies like Quess Corp, India Inc. is offering holidays, remote work, and other flexibilities for employees to have a say in who governs them.

—Name withheld on request A resident individual is permitted to provide a rupee loan to any of their siblings in their NRO (non-resident ordinary) account under the LRS (Liberalized Remittance Scheme) framework. However, the loan arrangement is subject to certain conditions such as minimum tenure, end use negative list, mode of repayment, etc. One of the conditions also state that the loan amount cannot be remitted outside India.

MUMBAI : IndusInd International Holdings Ltd, a Mauritius-based investment firm led by the Hinduja brothers, has agreed to acquire a 60% stake in Invesco Asset Management India Ltd to form an asset management joint venture. Other deal terms weren’t disclosed.

ALSO READ: Lok Sabha Elections 2024: 10 high-profile Congress turncoats in BJP and their last electoral performance The Election Commission called Randeep Surjewala's purported “lick" remark against Hema Malini "undignified, vulgar and uncivilised". The show-cause notice sought his response by April 11.

Arunachal Pradesh east constituency on Tuesday, the Bharatiya Janata Party leader acknowledged that China changed names of 30 places in the state and said it will not change the ground reality. Asserting that Arunachal Pradesh is an integral part of India, the Defence Minister said that such activities of China are the reason the relation between the two countries will deteriorate. “I want to ask China if we change the names of various states of the neighbouring country, will those be parts of our territory? Atal Bihari Vajpayee used to say that friends change in life but neighbours do not change.

India now has a thriving Web3 ecosystem with over 1,000 startups in the space, a report published by Hashed Emergent on Tuesday showed. Bengaluru, renowned as the technology capital, has positioned itself as the central industrial hub in the country.

BJP on Tuesday seized the Delhi High Court's rejection of Chief Minister Arvind Kejriwal's plea against his arrest by the ED and its critical observations to attack the AAP convener, claiming the movement which began with the Indian Against Corruption stir has now turned into «Kejri Corruption Kranti». The BJP also pushed for the chief minister's resignation, with its Delhi unit president Virendra Sachdeva asking if he is now left with any moral right to continue while he remains under arrest. BJP's national spokesperson Sudhanshu Trivedi cited several observations of the high court to slam the Aam Aadmi Party (AAP) and its chief, accusing them of trying to politicise investigation and judicial processes. In a setback to Kejriwal, the high court on Tuesday dismissed his petition challenging his arrest in a money laundering case stemming from the alleged excise scam, saying there was no contravention of legal provisions.