India Financial News

Justin Trudeau's allegations of «potential» involvement of Indian agents in the killing of Khalistani separatist Hardeep Singh Nijjar last June on Canadian soil, the boss of Canada's 2nd largest pension fund, Caisse de dépôt et placement du Québec (CDPQ), said the US and India are the only two outperforming markets in the world. Without getting drawn into the specific allegations New Delhi has rejected as «absurd» and «motivated», Charles Emond, chief executive, CDPQ, said he did not want to comment on government relations, but added «India is an important part of our APAC strategy,» during an exclusive interaction with ET. «And it remains a country where we continue to see strong potential over the long term.» He was recently in India, his first visit since he took over in 2020, just a month before Covid paralysed the world.

US Securities and Exchange Commission (SEC) last week stayed the first-of-its-kind climate disclosure rules pending judicial review and amid a political backlash. The rules, adopted a month earlier, had taken two years to pass a pared down version and required public companies to disclose extensive climate change-related information in their regulatory filings. This development comes three months after China unveiled its ESG rules requiring companies to publish sustainability reports by 2026. In a significant move, the Supreme Court of India in a ruling released last week expanded the scope of Articles 14 and 21 to include the 'right against the adverse effects of climate change'.

Ayodhya Ram temple issue to reach out to the tribal community in Chhattisgarh, alleging that the Congress opposed the consecration ceremony for appeasement politics. He also slammed the Congress on the Naxal issue at a rally in Chandrapur, Maharashtra. "Ram Navami is not very far. This time in Ayodhya our Ram Lalla will not give darshan in a tent but in a grand temple. But Congress and INDI alliance is very unhappy about this. They declined the invitation for pran pratishta. The Shahi pariwar of Congress threw out those leaders who declared this wrong. This shows Congress can cross any limit for appeasement politics," Modi said at a rally in Bastar. The PM emphasised that welfare of tribals has always been a top priority for BJP. He said a tribal is the president of India today and a record number of Eklavya schools for tribals have come up during his tenure. «Our priority has always been garib kalyan… Congress always ignored the welfare of the poor,» he said.

Yogi Adityanath emphasized the nationwide sentiment in favour of the National Democratic Alliance (NDA) ahead of the 2024 Lok Sabha elections, spanning from North to South and East to West, pointing out that the people are assured of Prime Minister Modi's inevitable return. Addressing a public meeting in Wardha on Monday, to seek support for the BJP's candidate and incumbent MP from the LS constituency, Ramdas Chandrabhanji Tadas, Adityanath highlighted the achievements of the government in the last 10 years, crediting the PM with elevating India's global stature, fortifying security, and implementing numerous welfare initiatives for the impoverished. The CM also extended warm wishes for the Indian New Year to Maharashtra's populace on the occasion. In a scathing critique directed towards the Congress Party, Chief Minister Yogi Adityanath said that the party lacked leadership, coherent policies, and genuine intentions.

Delhi government on Monday slammed Lt Governor VK Saxena over a letter he wrote to the MHA in which he accused its ministers of not attending a meeting called by him, and questioned the role of the LG's office in the subjects transferred to the AAP government. The LG Secretariat, in a letter to the Union Ministry of Home Affairs (MHA), said the Delhi ministers refused to attend a meeting called by Saxena to discuss the functioning of their ministries following the arrest of Chief Minister Arvind Kejriwal. Kejriwal was arrested by the Enforcement Directorate on March 21 in connection with a money-laundering case linked to the now-scrapped Delhi excise policy and is now lodged in Tihar jail here.

Reliance Jio and Bharti Airtel, India's top two telecom operators, are set to report modest sequential growth in their fiscal fourth-quarter India mobile revenue, supported mainly by strong broadband user additions in the absence of tariff hikes, analysts said. Vodafone Idea (Vi) is likely to report a sequential dip in its March-quarter revenue, stung by continued heavy customer losses. Jio and Airtel, though, are likely to report flattish operating margins, weighed down by higher 5G-related costs, the analysts said.

Why are gold and US dollar rates moving in same direction? — explained In March, China's central bank disclosed an addition of 160,000 troy ounces of gold to its reserves. Alongside, countries including Turkey, India, Kazakhstan, and various Eastern European nations have also engaged in gold purchases throughout the year. “The gold and silver market continues its relentless climb.

Microsoft is unbundling its video conferencing platform Teams from the Office suite after a European probe into anti-competitive practices. Bundling of apps is under regulatory scrutiny everywhere. But breaking up Big Tech might not be the magic bullet.

Biocon is building capability “to take advantage of what could be a very, very strategic peptide opportunity with GLPs at the center," Group Chief Executive Officer Peter Bains told analysts in November. The loss of exclusivity for GLPs will create a multibillion dollar market over the next 10 years and this opportunity was “very complementary" to Biocon’s current biologics business, according to Bains. In the UK, Mittal said the company will wait for the publicly-funded, National Health Service, to issue a tender to launch its liraglutide injectible.

Specifications of E MOTORAD - RIDE THE ELECTRIC REVOLUTION Youth X1 Mountain Electric Cycle: The E MOTORAD - RIDE THE ELECTRIC REVOLUTION Unisex X2 Mountain Electric Cycle in Warm Red epitomizes modern mobility with its blend of power and convenience. Boasting a 16-inch frame, front suspension and a robust 250W motor, it effortlessly navigates diverse terrains. The 7.65Ah Li-Ion removable battery ensures prolonged rides, while the LCD display provides essential information.

Mint could not independently verify the data breach and its contents. Media reports on Saturday cited a database of 7.5 million users registered with Boat being leaked on the internet, and subsequently put up for sale at a price of around €2 ( ₹180) for the entire database.

₹400 trillion in a historic milestone on Monday, with the last ₹100 trillion rolling in the shortest duration of a mere 9 months, as the country's bright macroeconomic fundamentals encouraged local and foreign investors to plough more money into equities. The 30-share BSE Sensex jumped 494.28 points, or 0.67%, to settle at 74,742.50. During the day, it climbed 621.08 points, or 0.83%, to reach a new intra-day record high of 74,869.30.

Lok Sabha polls only. The analysis found that a total of 500 candidates had criminal records.

Congress with the "kadwa karela" (bitter guard) to imply that the "Congress can never change". ALSO READ: 'Rahul Gandhi took PFI support': Smriti Irani hits out at Wayanad MP ahead of Lok Sabha Election 2024 "Kadave karele ko ghee men talen yaa shakkar men gholen, vo phir bhii kadavaa kaa kadavaa hi rahataa hai. Ye kahaavat Congress par saṭiik laaguu hoti hai. Congress kabhi nahin badal sakti, [a bitter gourd's taste never changes even if it is fried in ghee or mixed with sugar.

MUMBAI : Eyebrows were raised when The Walt Disney Co. agreed to merge its India unit with Reliance Industries Ltd entities at a valuation of $3.12 billion, since the business was seen to be worth much more when Disney acquired it nearly seven years earlier. However, documents accessed by Mint reveal a different picture.

NEW DELHI : The long-delayed privatization of IDBI Bank may be about to speed up, with the central bank examining the suitability of potential bidders. Prem Watsa-backed CSB Bank, Kotak Mahindra Bank and Emirates NBD are among those who have submitted initial bids for the government's majority stake in IDBI Bank, media reports have said. According to two people aware of the matter, the Reserve Bank of India (RBI) is currently studying whether the potential bidders adhere to its 'fit and proper criteria' for running a financial services entity.

MUMBAI : Banks in India struggled to attract deposits in 2023-24 even as credit growth turned stronger. Data from RBI showed the credit-deposit ratio at its highest in at least 20 years as loan offtake rose across categories including home loans and other loans for consumption. At 80%, the credit-deposit or CD ratio is at its highest since 2005, from when this ratio is available, showed data from RBI.

Assam chief minister Himanta Biswa Sarma said that till now in Assam only one person has applied for Indian citizenship under the Citizenship Amendment Act (CAA). Union Home minister Amit Shah will hold a roadshow in Tinsukia on Tuesday. Sarma while talking to a media person on Monday said, “Till now only one person has applied and that too from Barak valley.”

New Delhi: Global technology major Dell Technologies is banking on gamers and college and school-going youth to drive its business this year, according to a senior company official. While launching new laptop models across XPS, Alienware and Inspiron portfolio, Dell Technologies Vice President and Managing Director for Consumer and Small Business Raj Kumar Rishi said that the company will stick to its strategy of bringing the latest technologies across various price points and focus on financing of laptops to make devices affordable for consumers. «Share of gaming in the PC segment has increased. We see gaming and college and school-going youth to continue driving growth for us,» Rishi said. The company unveiled new XPS laptops with Intel Core Ultra 9 processor and Nvidia GeForce RTX 4060 GPU to support artificial intelligence applications.

MUMBAI : Chandra Shekhar Ghosh, Bandhan Bank's founder and managing director and chief executive officer, has said he will not be part of the bank's board even in a non-executive role after he retires on 9 July. Speaking to analysts and investors in an early morning call on Monday, Ghosh clarified that the board will start the process of finding his successor and expects the names of candidates to be finalized by July. The board may even look at appointing an interim CEO post his tenure, if the Reserve Bank of India approval for the new CEO does not come in by then.

₹45 per share, which is same as the current share price. Also read: Indian stock market to remain closed on May 20 amid Lok Sabha elections in Mumbai “After thorough discussions and careful consideration of the company's financial performance, the Board of Directors has unanimously considered and declared Interim Dividend of 100%. The interim dividend shall be paid within 30 days from the date of its declaration.