India Financial News

₹915.00. In the past 1 day, the Mentha oil rate on MCX has decline 0.6% from ₹925.70 to ₹915.00.Mentha oil is an essential oil obtained from a mint plant and India is one of the leading producers and exporters of mentha oil. Mentha oil is used in food, pharma, soaps, and other skincare/personal care products.

Stock market today: On account of weak global cues, the Indian stock market ended flat on Friday last week. Out of three frontline indices, the Nifty 50 and the BSE Sensex ended flat whereas the Bank Nifty index surged 0.90 percent by adding around 432 points on the previous session. The board market also outshined the Nifty 50 index as both small-cap and mid-cap indices finished 0.50 percent higher on the last session of the week gone by.

Voltas share price gained 10% in the morning trades on Monday to scale 52-week highs. Voltas on Sunday announced its highest-ever sales milestone of 2 million AC units in FY 2023–2024 .

Mandi seat. The Bhartiya Janata Party (BJP) has fielded actor-politician Kangana Ranaut from Mandi - one of the four seats in the hill state going to polls in the last phase on June 1. Mandi seat is presently represented in the Lok Sabha by Vikramaditya’s mother, Pratibha Singh, who is also the state party president.

IPL history. In his 98 innings so far, he has scored 2,367 runs with a strike rate of 176.12. The next three on the list are Heinrich Klaasen (174.06), Tim David (170.83) and Liam Livingstone (165.34).

₹179.55 apiece on the BSE. The board of directors of Bandhan Bank on April 05 took on record the letter submitted by its Managing Director & Chief Executive Officer Chandra Shekhar Ghosh informing that he would retire from the services of the Bank as the MD & CEO upon completion of his current tenure on July 09, 2024. Ghosh has been serving as MD & CEO of Bandhan Bank since July 10, 2015.

cancer cases skyrocketing across the country, as per a PTI report. The 4th edition of Apollo Hospitals’ Health of Nation Report, released on World Health Day 2024, dubbed India the "cancer capital of the world". According to the report, one in three Indians is pre-diabetic, two in three are pre-hypertensive, and one in 10 suffers from depression.

Yogi Adityanath accused the grand old party of being compassionate with the terror suspects and called it the “biggest problem" for the country. The chief minister was addressing a public rally in Rajasthan's Sikar seat as a part of Lok Sabha election campaign for BJP candidate Sumedhanand Saraswati. Rajasthan will go to the polls in two phases, April 19 and April 26.

Godrej Properties (GPL) on Monday announced that it has sold over 1050 homes worth over Rs 3,000 crores in three days of the Godrej Zenith project launch in Gurugram, Haryana. This is the second time in Gurugram, and the fourth time pan India, that GPL has recorded sales of over Rs 2,000 crore during launch in FY24. With the hope of strengthening its presence in Gurugram, the real estate arm of Godrej Group is expected to launch new projects in Sector 103, Sector 43, and Sector 54 soon. “We are delighted with the response to our project, Godrej Zenith. Gurugram is an extremely important market for Godrej Properties, and we will look to further strengthen our presence in Gurugram in the years ahead," said Gaurav Pandey, MD ane CEO, Godrej Properties.

Bandhan Bank, Hindustan Copper, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (Zee). While Hindustan Copper, SAIL and Zee entered the ban list last week, Bandhan Bank is the latest entrant.

“Cyclicals, commodities, capex are the most promising segments in the market,” says Somnath Mukherjee, CIO & Senior Managing Partner – Product & Research, ASK Private Wealth. In an interview with ETMarkets, Mukherjee said: “India’s a structural growth story, so expect FII flows to remain quite good. The real breakout will be the start of US rates cuts,”. Edited excerpts: As we step into FY25 – how do you see markets in the next financial year? Do you see a double-digit return? Somnath Mukherjee: Markets are pricing in multiple best-case scenarios currently – a)Current Ruling Party’s victory in elections, b)inflation continuing on its downward trajectory, c)US rate cuts sometime during the year, and d)conflict zones remaining non-disruptive.

Mark Hoplamazian, President & CEO, Hyatt Hotels Corp, says “growth has been led by leisure travel and mostly domestic leisure travel. And the difference between the amount of money spent on domestically leisure travel versus inbound leisure travel is something like seven to one.” It has been a couple of years that you have not visited India. How has been the mood like at HICSA 2024? What has been your reading? How is it different from, let us say, a couple of years to now? Mark Hoplamazian: I think the difference really is that a lot of the questions that were present two years ago with respect to Covid recovery, are now answered. Secondly, the performance has been so extraordinary that it is plain to see and obvious to everyone.

“Our equity funds focus on investing in quality stocks with a high growth generation ability aimed at multiplying your money 2x – 3x in 4 – 5 years,” says Vikaas M Sachdeva, MD, Sundaram Alternates. In an interview with ETMarkets, Sachdeva said: “We have set frameworks in place, 3Q – Quality of Business, Quality of Management & Quality of Management & 4 x 4 Wealth Multiplier Themes – Consumer Discretionary, Manufacturing, Phygital & Financial Inclusiveness,”. Edited excerpts: You have recently written a white paper on Quality vs Value. Can you tell us if one has an upper hand over the other? Vikaas M Sachdeva: In the past, stock analysis primarily focused on beta, the risk compared to the overall market. However, the Fama and French study introduced additional factors like size, momentum, low volatility, quality, value, and growth, expanding the discussion beyond beta.

IPL 2024: Thanks to Yash Thakur, Lucknow Super Giants (LSG) secured their first victory against Gujarat Titans (GT) in IPL history. The right-arm pacer took the first fifer of the tournament to help his team secure a 30-run win. With this, he also entered the list of Top 10 wicket-takers of the season.

Bhartiya Janata Party (BJP) candidate from Hyderabad, after her appearance on a popular television show. The show, said Prime Minister Modi, was exceptional in which Madhavi made solid points with logic and passion. “Madhavi Latha Ji, your ‘Aap Ki Adalat’ episode is exceptional.

₹20 crores for the period of October 2016 to March 2017 and APril to June 2017.In an exchange filing, the company said it has received a notice, "Confirmation of demand of Service Tax / reversal of Cenvat Credit Aggregating to ₹ 19,33,79,337/- inclusive of applicable cess on account of non-payment/short payment of service tax pertaining to the period of October 2016 to March 2017 and April to June 2017, along with interest thereon at applicable rate and imposition of Penalty aggregating to equivalent amount".The company said, its subsidiary Securitrans India will appeal against this decision in the applicable forum.Stock Market Today Live : Wipro, L&T, Adani Green, Vi, Cochin Shipyard, ZEEL, Titan, are a few stocks likely to be in focus on Monday, April 8.Stock Market Today Live : Godrej Properties informed the exchanges today that it has sold over 1,050 homes with over 2 million square feet area in its project in Gurugram, Haryana.The company said its project, Godrej Zenith, located in Sector 89, Gurugram has proven to be its most successful launch in terms of the value and volume of sales achieved.Stock Market Today Live : The local equity market is anticipated to start off on a positive note on Monday, mirroring the uptrend seen in global counterparts.Most Asian markets exhibited an upward trend, and the US stock market experienced a surge on Friday following an impressive jobs report. The trajectory of the market this week will be influenced by several crucial corporate and macroeconomic data releases.Joseph Thomas, Head of Research at Emkay Wealth Management, commented, "The past week saw the domestic markets making gains, buoyed by robust macroeconomic data, particularly PMI numbers.

₹7 and ₹45 per 1,000 litres. Houses that do not have access to municipal water supply purchase water from tankers at around ₹150 during normal times and up to ₹250 during shortages. Thus the marginal cost of water is 20 to 35 times what the fortunate people with access to municipal supply pay.

Total Solar Eclipse, which is all set to occur today (Monday), April 8. This will happen just before the Chaitra Navratri, a nine-day Hindu festival. Astrologers believe that eclipses are an auspicious events.

Day trading stocks, 8 April 2024: Following weak global market sentiments, the Indian stock market ended flat on Friday last week. The Nifty 50 index finished marginally lower at 22,513 level, the BSE Sensex added 20 points and ended at the 74,248 mark while the Bank Nifty index shot up 432 points and ended at 48,493 level.

₹1,659.27 crore, while domestic institutional investors (DIIs) sold ₹3,370.42 crore worth of stocks on April 5, provisional data from the NSE showed. The Indian rupee will likely hold an upward bias on Monday despite a report indicating a robust U.S.

ANI, Vallabh had said that he had asked the high command of the Congress to stop criticising Adani Group chairman Gautam Adani. This was after the Adani Group chairman was given a clean sheet by the Securities and Exchange Board of India (SEBI), which had launched an investigation into him over allegations made by US-based short-seller Hindenburg. "The Congress has made a habit of going at Adani and Ambani (Reliance Industries chairperson Mukesh Ambani) night and day.