India Financial News

Narendra Modi on Tuesday accused the Congress of making several attempts to stall the construction of the Ram temple in Ayodhya and for insulting Lord Ram by rejecting the invitation for the 'pran pratishtha' ceremony. The prime minister also attacked the Congress for «insulting» 'Shakti'. Addressing an election rally here, Modi also said the Congress is immersed in the swamp of appeasement and that «owing to the pressure of appeasement», the Congress and the Samajwadi Party (SP) are opposing the Citizenship (Amendment) Act (CAA) as well. The "INDI alliance of SP-Congress does not care about India's heritage," the prime minister said.

BofA Securities has invested in TAC Security, a recent debutant on the NSE SME platform, through its fund – BofA Securities Europe SA. Anchor investor NAV Capital VCC has also added more shares of TAC Security to its portfolio. Marquee investors, including Astorne Capital VCC, Beacon Stone Capital VCC – Beacon Stone I, Zinnia Global Fund PCC – Cell Dew Cap Fund and LC Radiance Fund VCC subscribed to the anchor book ahead of the IPO.

Ather Energy has recently unveiled the highly awaited Ather Rizta electric scooter. Positioned as a practical and affordable option in comparison to the sporty Ather 450 series, the Ather Rizta is now open for bookings, with deliveries expected to commence in July 2024. Competing in the Indian market, the Rizta is up against rivals like the TVS iQube, Ola S1 Air, and Bajaj Chetak. Let’s delve into a comparison between the Ather Rizta and the TVS iQube in terms of pricing, variants, features, specifications, and more. Price and Variants: The Ather Rizta is available in two variants — S and Z, priced at Rs 1.1 lakh and Rs 1.45 lakh respectively (introductory and ex-showroom rates). On the other hand, the TVS iQube comes in three variants — STD at Rs 1.1 lakh, S at Rs 1.18 lakh, and ST at Rs 1.25 lakh (all ex-showroom prices).

Amrita Singh, a user on social media platform X, recently stumbled upon a job advertisement displayed outside an Indian momos shop. The notice, embellished with Hindi script, prominently features a job opening for a helper or worker with a salary offer of Rs 25,000.

Sirius India Airlines will start chartered services and has partnered with Dubai-based Transworld Group's Airavat Aviation. The company is co-promoted by airline industry veteran Arun Kashyap, who recently quit SpiceJet. According to a release on Tuesday, Sirius India Airlines aims to expand its fleet by adding nearly a dozen top-of-the-line 9-seater to 100-seater charter aircraft by the end of this financial year. «Sirius India Airlines, in collaboration with Airavat Aviation, will initially operate flights through a Hawker 4000 aircraft, while it plans on expanding its fleet size to three aircraft in coming months.

Congress leader Rahul Gandhi on Tuesday extended his greetings to members of the NSUI on the organisation's 54th Foundation Day and said it is their duty to ensure that all students are aware of the party's promises concerning Lok Sabha polls, especially those related to 'Yuva Nyay'. Party chief Mallikarjun Kharge also extended his greetings to the National Students Union of India (NSUI) and said its members play a critical role in student politics. «My best wishes on the 54th NSUI Foundation Day to each member of @nsui. You play a critical role in student politics, raising key issues in our colleges and universities, and creating leadership at an early age. NSUI has a glorious history and a bright future. Despite challenges, I am confident that you would continue advocating for justice, freedom, and truth, thereby inspiring the next generation,» Kharge said in a post on X.

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday said when votes were cast for the wrong people, it brought in governments that played with people's security and "fed biryani to terrorists". «In 10 years, we have seen a changing India. The price of your one vote has done this,» he said, referring to the Narendra Modi government at the Centre. «When your vote went into the wrong hands, governments come that were involved in corruption, played with the security and the future of the youths, fed biryani to the terrorists, created unrest in the country and forced farmers to commit suicide,» Adityanath said at a rally here ahead of the Lok Sabha election. The Uttar Pradesh chief minister addressed the rally before Prime Minister Narendra Modi.

The NSE Nifty index ended the session 23.55 points down at 22642.75, while BSE Sensex fell 58.8 points to 74683.7.

Merck Tuesday said it has appointed Dhananjay Singh as the managing director of Merck Life Science in India. Singh takes on the role in addition to his current position as head of science and lab solutions commercial, India. Effective April 1, Singh has taken over from Sreenath NS, who is retiring after 36 years of working with Merck in India.

Joint Plant Committee, India has registered a 38 per cent surge in imports of finished steel to 8.319 million tonnes (MnT) over 6.022 MnT imported during the preceding 2022-23 fiscal. «The surge in predatory imports from China is a big threat to the Atmanirbharta in steel. The country becoming net importer is a warning signal to our march towards Atmnirbharta (self-reliance),» Alok Sahay, secretary general of apex industry body Indian Steel Association (ISA) said. Looking at the situation, it is very important to arrest predatory imports, he said and demanded for a trade remedial action on an urgent basis to arrest the inbound shipments.

Congress on Tuesday claimed stagnant wages and high inflation have forced households to take loans just to get by and are slowly sinking into debt. Congress general secretary Jairam Ramesh also stressed that the Congress' 'Nyay Patra' is a direct response to the «failures» of the government and said «dus saal anyay kaal» ends on June 4. «All the alarm bells are ringing in the Indian economy, only Mr. Modi does not seem to hear them. Under his leadership, India has witnessed record levels of unemployment, high inflation, declining real wages, widespread rural distress, and dramatic increases in inequality,» Ramesh said in a statement. He said the latest report from a leading financial services company shows the devastating impact that Modi's policies have had on Indian households.

Rajnath Singh on Tuesday criticised China for renaming several places in Arunachal Pradesh, and wondered whether a similar attempt by India will result in those areas of the neighbouring country becoming «parts of our territory». Addressing an election rally at Namsai in Arunachal Pradesh East Constituency, Singh said China's move to change names of 30 places in the northeastern state will not change the ground reality. Arunachal Pradesh is an integral part of India, he asserted. «I want to ask China if we change the names of various states of the neighbouring country, will those be parts of our territory? Because of such activities, the relation between India and China will deteriorate,» Singh said.

Dixon Technologies has said it plans to buy a majority stake in Ismartu India, a manufacturing unit of Chinese phone maker Transsion Holdings, to expand its business. Dixon will initially acquire 50.10% stake for Rs 238.36 crore in an all-cash deal while additional acquisition will be done in FY27 for an aggregate consideration, which shall be decided on the basis of a valuation of 20 times of profit after tax of Ismartu for FY26, Dixon said in a regulatory filing late Monday. Dixon added that upon successful acquisition of the second tranche of shares, it will hold an additional stake between 1.60% to 5.90% in Ismartu India.

Lok Sabha elections 2024: Pre-poll survey predicts NDA sweep in key state; here's how many votes INDIA bloc may win “In phase 2, Kerala has a maximum of 500 nominations from 20 Parliamentary Constituencies, followed by 491 nominations from 14 PCs in Karnataka. Minimum of 14 nominations were received from one PC in Tripura.

PBKS vs SRH 2024 IPL Live Score: The pitch of Maharaja Yadavindra Singh Cricket Stadium, Mohali is ready to witness a high-voltage match between Punjab Kings and Sunrisers Hyderabad. Shikhar Dhawan-led Punjab Kings are riding high on confidence after defeating Gujarat Titans in their previous match, while Pat Cummins-led Sunrisers Hyderabad defeated the defending champions Chennai Super KingsPBKS vs SRH 2024 Pitch Report The pitch of Mohali is one of the fastest in India and is well-known to provide some extra bounce to the pacers.

insurance policy designed for pet dogs and cats. India’s pet care industry is experiencing a consistent annual growth rate of approximately 13% and is projected to reach $800 million by 2025. However, many pet owners still face challenges in accessing affordable veterinary care, often spending thousands of rupees annually on their pets’ treatments.

Also Read: Stock market may see sharper than expected correction in the next fortnight, says Sanjiv Bhasin of IIFL Securities Besides the uplift in India’s macroeconomic fundamentals, the surge in inflows from retail investors over recent years has significantly contributed to the ascent of Indian stocks to unprecedented heights. In FY24, a notable 3.7 crore demat accounts were registered, averaging 30 lakh additions monthly, representing the highest surge ever documented in the history of Indian capital markets.

Kalyan Jewellers India who have seen robust revenue growth in the quarter ended March 2024. In Q4FY24, both Titan Company and Kalyan Jewellers continued to report strong demand prints. The same store sales growth (SSSG) too remained healthy at more than 15% and robust double-digit for Kalyan Jewellers and Titan, respectively.

BSE Sensex achieved a record-breaking level of 75,124, and the Bank Nifty ascended to a new peak of 48,940. Meanwhile, analysts also noted that today's rally is broad-based, with the small-cap index nearing its all-time high and the mid-cap index reaching a new pinnacle at the 41,172 mark.

Multibagger stock: Hazoor Multi Projects Ltd is in the news for developments regarding fundraising. However, the stock has been under the lens of retail investors and stock market observers for hitting a 5 percent upper circuit on all seven sessions in the new financial year 2024-24.

Wrestling Federation of India (WFI) challenging its suspension, seeking the central government's response in four weeks. The matter will now be heard on May 28. On December 24, 2023, the central government had suspended the wrestling federation, three days after the Federation conducted its election, and sexual harassment accused BJP MP Brij Bhushan Saran Singh's close aide Sanjay Singh emerged as the winner.