India Financial News

Invest4Edu, an education fintech firm, has onboarded Hemika Tanwar as cofounder and chief people officer along with Chintan Kotak as cofounder and global business head. The company said these co-founders bring a wealth of experience, specialisms and cohesive vision to deliver fast and consistent growth. The company said it aims to expand its team, targeting India's burgeoning $2.5 billion ed-fintech market opportunity, competing with local and international players.

Lexus Granito(India)Ltd.(up 3.70%), NMDC Ltd.(up 2.85%), Oriental Trimex Ltd.(up 2.54%), KIOCL Ltd.(up 2.19%), Sandur Manganese & Iron Ores Ltd.(up 0.80%), MOIL Ltd.(up 0.15%) and Coal India Ltd.(up 0.11%) stood among the top gainers.

Magadh Sugar & Energy Ltd.(up 1.25%), Triveni Engineering & Industries Ltd.(up 0.64%) and Dalmia Bharat Sugar and Industries Ltd.(up 0.18%) stood among the top gainers.

DMK leader and Thoothukudi MP candidate Kanimozhi Karunanidhi said on Monday that the Dravida Munnetra Kazhagam party is not silent on the Katchatheevu island row, alleging that the BJP-led ruling government is raising issues for the election campaign and not for the people's welfare. «DMK is not silent on this issue. We raised this issue many times but PM Modi and the BJP government never replied. Speaking about Katchatheevu is just for election campaigning, not for people's welfare,» she said. DMK Deputy General Secretary Kanimozhi on Monday campaigned for South Chennai DMK candidate Sumathi, alias Tamilachi Thangapandiyan, in Tiruvanmayur.

Tata Advanced Systems Limited on Monday announced the «successful deployment» into space of its sub-metre optical satellite that was assembled and tested in India. SpaceX's Falcon 9 rocket launched TSAT-1A satellite from the Kennedy Space Center, Florida, in the US on Sunday (April 7), Tata Advanced Systems Limited (TASL) said in a statement. «TSAT-1A will deliver high-resolution optical satellite images with increased collection capacity, dynamic range, and low-latency delivery through its multispectral and hyperspectral capabilities,» the company said. A wholly owned subsidiary of Tata Sons, TASL is a significant player for aerospace and defence solutions in India.

India's silver imports surged by 260% in February to a record high, as lower duties encouraged large purchases from the United Arab Emirates (UAE), government and industry officials told Reuters, adding they were on track to increase by 66% this year. Higher demand in India, the world's biggest silver consumer, could support global prices trading near their highest in three years. India imported a record 2,295 metric tons of silver in February, up from 637 tons in January, said a government official, who declined to be named as he was not authorised to talk to the media.

Apple is reaffirming its commitment to India. Its contract manufacturers and suppliers, including Foxconn, Tata and Salcomp, are planning to build more than 78,000 homes for their employees, ET has reported. India's Central and state governments will partly fund the project. With this huge housing project, Apple is indicating it is deepening its roots in India. Housing for workers has been a key part of the Apple ecosystem in China. Also Read: Apple Awas Yojana: Apple ecosystem pivots to housing factory workers after job boom

Coffee shipments from India rose 13.35 per cent to 1,25,631 tonnes during January-March period of this year on higher demand for Robusta coffee, according to the official data. The country had exported 1,10,830 tonnes of coffee in the same period in 2023. India, Asia's third-largest producer and exporter, grows Arabica and Robusta varieties of coffee. Arabica coffee bean has lesser caffeine content than the Robusta. Arabica has a sweet and smoother taste, while the Robusta is generally more bitter and harsher on the taste buds.

documentary 'Secrets of the Buddha Relics' made its debut on OTT platforms, captivating audiences with its storytelling and exploration of ancient mysteries. After premiering on the Discovery Channel, the documentary received acclaim, ranking among the top 5 shows in the factual genre and becoming one of the highly-rated Indian originals on the channel. It also claimed the top spot on the discovery+ OTT platform.

(This story originally appeared in on Apr 08, 2024)

Nakoda Group Of Industries Ltd.(up 8.60%), Sheetal Cool Products Ltd.(up 3.04%), Godrej Consumer Products Ltd.(up 2.99%), Parag Milk Foods Ltd.(up 2.35%), Tata Consumer Products Ltd.(up 1.96%), Marico Ltd.(up 1.87%), LT Foods Ltd.(up 1.82%), Emami Ltd.(up 1.76%), Adani Wilmar Ltd.(up 1.20%) and Britannia Industries Ltd.(up 0.29%) stood among the top gainers.

Shares of IDFC First Bank Ltd.(up 2.3 per cent), Axis Bank Ltd.(up 1.61 per cent), IndusInd Bank Ltd.(up 1.03 per cent), State Bank of India(up 0.47 per cent) and ICICI Bank Ltd.(up 0.35 per cent) ended the day as top gainers in the pack.

NEW DELHI : The coming together of Walt Disney and Reliance Industries is set to drive consolidation in India's streaming landscape as smaller, regional-language platforms explore merger and acquisition opportunities (M&A) to avoid getting crushed by a much larger entity that will potentially dominate the OTT ecosystem, experts said. The big challenge for M&As at the moment, however, remains arriving at a price point that parties can agree upon, given that even smaller players have hit a ceiling with paid subscriptions, but believe they have a valuable offering because of their targeted approach, a claim that may not always work for bigger entities that are themselves looking to expand their reach.

CSK vs KKR, IPL 2024 Live Score Updates: Shreyas Iyer-led unbeaten Kolkata Knight Riders are all set to face defending champions Chennai Super Kings in the ongoing Indian Premier League 2024 at MA Chidambaram Stadium in Chennai on 8 April.In the IPL 2024, Ruturaj Gaikwad's CSK played 4 matches so far and won 2 of those. They won their first 2 matches, against Gujarat Titans (GT) and Royal Challengers Bengaluru (RCB), but lost the other two back to back, against Delhi Capitals (DC) and Sunrisers Hyderabad (SRH).On the contrary, KKK have won all three matches they have played so far.Chennai and Kolkata have played 29 IPL matches so far.

Salaries for blockchain engineers went down in 2023 due to tough times in the industry, like layoffs and companies not hiring as much.

ALSO READ: IPL 2024: MI's Hardik Pandya clarifies why he didn't bowl after win vs DC, says 'Had it covered...' Looking at some records made during the match, Mumbai Indians became the first team in the IPL to secure their 150th victory, followed by Chennai Super Kings. Also, the franchise became the first team to win 50 matches at its home ground. Among others, it also became the first team that scored 234/5 runs and not a single player scored a half century.

Rajratan Global Wire have reasons to celebrate, as the shares of this company have surged sharply in recent years. The shares, which were valued at ₹156.70 apiece three years ago, are now trading at ₹638, resulting in a massive gain of 308%. They delivered even more stellar performance, as they skyrocketed 1780% since May 2020.

Breakout stocks: Amid Bank nifty index rising for the four straight sessions, four banking stocks listed in the index have given breakouts either on a closing basis or daily. According to stock market experts, those four breakout stocks listed in the Bank Nifty index are HDFC Bank, Kotak Mahindra Bank, ICICI Bank, and IndusInd Bank. They said that the market has taken an interest rate cut cue from the RBI monetary policy as the RBI Monetary Policy Committee is waiting for the US Fed to initiate a rate cut.

₹13.8 crore in 2024, 40% higher than pre-covid levels, according to the Deloitte India Executive Performance and Rewards Survey. The average salary of junior executives is estimated to have grown at about half that rate over the same period. According to the survey, every second CEO has a target compensation of more than ₹10 crore in 2024, compared with every third CEO in 2020.

Tomorrow's IPL Match: Punjab Kings (PBKS) and Sunrisers Hyderabad (SRH) will clash on April 9 at the Maharaja Yadavindra Singh Cricket Stadium in Mohali. Both Punjab and Hyderabad will look to continue their winning run and move up the points table. SRH and PBKS are at number 5 and 6, respectively.

Electric vs Petrol: Ather launches new family e-scooter ‘Rizta’, CEO Tarun Mehta says continuation of subsides vital Contrastingly, fuel demand for FY24, ending in March, reached a record high of 233.276 million tons (4.67 mbpd). This figure surpassed the previous year's consumption of 223.021 million tons (4.48 mbpd).