India Financial News

Nadda on Sunday charged that the INDI Alliance leaders, who are either on bail or in jail, were keen on protecting the corrupt people whereas Prime Minister Narendra Modi was striving hard to end corruption in the country. Those leaders such as Delhi Chief Minister Arvind Kejriwal, were in prison while Congress leaders including Sonia Gandhi and her son Rahul were on bail, Nadda said and claimed the opposition leaders presented a contrasting picture compared to the Prime Minister who is an epitome of development and determined to end corruption. «Prime Minister Narendra Modi says I will finish corruption, but the INDI alliance leaders say save the corrupt people. That is their working style. In Tamil Nadu, the DMK, which stands for Dynasty Money Swindling and Katta Panchayat and its ally the Congress are corrupt. All of them are trying to save their families and dynasties and themselves from their corruption,» Nadda said addressing a rally here.

This sector was for long considered an extension of the Construction sector. However, several changes have taken place over the last few years:

Prashant Kishor said the ruling party will add significantly to its seats and vote share in south and east India, the two regions where its hold is weak-to-non-existent, barring Karnataka. In an interaction with PTI editors, Kishor also said despite the BJP's apparent dominance, neither the party nor Prime Minister Narendra Modi is invincible, pointing out that the opposition had three distinct and realistic chances of stopping the BJP juggernaut but frittered away the opportunities because of laziness and misplaced strategies. «They (BJP) will either be first or second party in Telangana which is a big thing. They will be number one in Odisha for sure. You would be surprised as, in all likelihood, to my mind, the BJP is going to be the number one party in West Bengal,» he said. In Tamil he said, BJP's vote share may hit double-digit percentage. Telangana, Odisha, West Bengal, Tamil Nadu, Andhra Pradesh, Bihar and Kerala together account for 204 seats in the 543-member Lok Sabha but the BJP couldn't cross 50 seats in all these states put together either in 2014 or 2019 when it won 29 and 47 constituencies respectively.

The net outflow came after a staggering investment of Rs 35,000 crore in March and Rs 1,539 crore in February, data with the depositories showed.

Rajnath Singh on Sunday asserted that the track record of the BJP government at the Centre has been «fabulous» as it considers people supreme whereas the Congress treats a family supreme. The BJP, he said, is also committed to fulfilling all the promises made to the people. «The track record of Modi ji's politics has been fabulous. And it was fabulous because we treat people as supreme whereas the Congress treats a family supreme,» the senior BJP leader said addressing a public meeting in support of BJP candidate Arjun Ram Meghwal in Kolayat in Bikaner. The defence minister said he is pained when the Congress questions the power and valour of the country's defence forces.

India's coal import rose by 13 per cent to 21.64 million tonnes (MT) in February as some buyers took fresh positions to replenish stocks ahead of summer, according to online marketplace mjunction. The country's coal import was 19.15 MT in the corresponding month of FY23. «Coal imports in February 2024 were up by 13 per cent as against 19.15 MT in February 2023,» as per the data compiled by mjunction. Of the total import in February, non-coking coal import increased to 13.77 MT compared to 11.68 MT imported in the year-ago period.

Vistara chief Vinod Kannan said the airline will look to review the current rostering system after discussions with pilots and emphasised that there has been no unusual spike in attrition. The Tata Group airline, which is in the process of getting merged with Air India, has temporarily reduced flight operations to ensure the availability of adequate pilot buffer and expects the situation to normalise by May. A stretched roster on account of the high utilisation of pilots is the key reason for the recent disruptions, according to the airline while there are also concerns among a section of pilots about the new contract that will also result in pay revision. In an interview with PTI on Friday, Kannan said that during a town hall with pilots, some concerns were raised around rostering, and pilots were told that the airline would look at how the rostering process can be reviewed.

relief camps. «A total of 2,955 polling stations will be set up in the state for the Lok Sabha elections, out of which around 50 per cent have been identified as sensitive, vulnerable or critical. We are also setting up 94 special polling stations to facilitate voting by internally displaced persons (IDPs),» Jha told PTI. As per Election Commission of India (ECI) norms, a vulnerability mapping of hamlets, villages and electoral segments vulnerable for threat and intimidation, is conducted ahead of polls.

Purple Cap standings on Saturday evening after recent clash with Royal Challengers Bengaluru. Lucknow Super Giants' rising star Mayank Yadav who delivered the fastest ball of the season at 156.7 kmph against RCB is also part of the list. While, Bangladesh pacer Mustafizur Rahman who ranks third in the list completed 300 wickets in T20 cricket, becoming the second bowler from his country to reach the milestone. Here are the top five bowlers in the race for the purple cap:

Addressing a public rally in Bihar's Nawada, the Prime Minister said that the government at the Centre is taking bold steps for the country. «I am here to eradicate poverty from the country. I cannot forget the situation of the country before 2014. Most of the countrymen were compelled to live in kutcha houses or were homeless. There was no gas connection available for poor. Middlemen used to benefit from the ration provided to poor...I have survived poverty. This son of a poor, is 'sevak' of poor,» the PM said, adding, «What we have achieved in 10 years could not be done in 60 years after Independence.»

Lucknow Super Giants (LSG) and Shubman Gill's Gujarat Titans will square off at the Bharat Ratna Shri Atal Bihari Vajpayee Ekana Cricket Stadium in Lucknow on Sunday. LSG, who have won two of their last three games and are currently in fourth place, will likewise want to win three straight at home by taking advantage of the comfortable surroundings. However, under new captain Shubman Gill, GT has had a mixed campaign thus far, winning two and losing two games to sit in seventh place on the points standings.

Lok Sabha Elections 2024: The Election Commission of India's Suvidha platform has seen a surge of activity since the announcement of the 2024 Lok Sabha Elections and enforcement of the model code of conduct (MCC), the body has said in a press release on April 7. Suvidha has got more than 73,000 applications from political parties and candidates, of which 44,600 requests have already been approved, the ECI added.

IPL season. The second-highest scorer for Mumbai in 2023 was Ishan Kishan (454). Tilak Varma tops the list for Mumbai with 121 runs with a striking rate of 147.56, accompanied by three 4s and nine 6s.

Indian Constitution, party leader Jairam Ramesh on Saturday hit back at the Bharatiya Janata Party (BJP). The remarks came after BJP criticized Kharge for “mistakenly" referring to Article 371 while speaking about the abrogation of Article 370, saying the opposition party's ‘Italian culture’ is to be blamed for not understanding the very idea of India.

₹110,000 to ₹144,000, ex-showroom, inclusive of government incentives, the Ather Rizta has a proportioned seat to accommodate two passengers, and a spacious flat floorboard. The company's TVS iQube, meanwhile, is priced at ₹136,000 and higher. “When we launched the Ather 450S, we thought price was the big hiccup preventing us from selling more," Mehta said.

An asteroid is named after Indian professor Jayant Murthy. Who is he? According to the data collected by NASA, the 2024 FG asteroid will get close to 47.30 lakh kilometer to Earth. Asteroid 2024 GB, another plane-size asteroid will be 52.60 lakh kilometres from Earth.

Cognizant Technology Solutions has postponed its annual salary increases for this year by four months to August, the Economic Times reported. It is now scheduled to implement them for eligible employees from August 1, the paper said citing two sources. Last year, the company, listed on Nasdaq, had granted salary hikes to its employees in April.

Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says: “The way I look at it, infra will come back with a strong set of numbers and so will defence. Apart from that, I am looking at a good set of numbers from BFSI as well as real estate. These are the four-five sectors which definitely will come back with good numbers. As far as other sectors are concerned, IT and FMCG will be a mixed bag. I do not think we will see a major pickup in earnings in IT. Cement, again, will be a little subdued.” What are you making of the resilience of India equity markets? The fact that crude is already at $91, but the Indian markets are not really absorbing that hit so far and even the central bank seems not perturbed by the sudden spike that one has seen. Sudip Bandyopadhyay: Crude at $91 does not augur well for India. However, this has just happened and crude prices have been benign for a very long time and this sudden shooting up is predominantly on the back of two things. One is what is happening in Russia and the Gulf and also the Chinese demand suddenly picking up with possible economic recovery in China. Now, the combined effect of all these factors and somewhere I am sure the calculations are that geopolitical tensions will ease and production in Russia as well as the Gulf will stabilise.

Mark Matthews, MD, Julius Baer, says: “China is not a good market to invest for the long term and if you put $100 into India 30 years ago, it would be about $1,800 today, which is remarkable considering what the rupee has done over that period of time. $100 in China would be about $150 today. So, it has been a destroyer of capital. However, there are opportunities that come along in every market, including China, and I think this is one, firstly, because their economy is bottoming out and it is not only cheap, it is abnormally cheap. I think China will be about 20% to 30% higher between now and 12 months from now. But beyond that, I would not hold it.” After how long have you come to India and what is the staggering change that you have felt? Mark Matthews: It has been around two years since I was last in India and it is great to be back.

₹2,075 crore to Oriana Investments Pte. Ltd, an Aditya Birla Group entity that is part of the promoter group, on a preferential basis. The issue price of the shares is ₹14.87 apiece, higher than the closing price of ₹13.36 on the BSE on Friday.

₹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.