India Financial News

Lok Sabha elections scheduled to take place in seven phases beginning from April 19. The chief minister, on the sidelines of a Lok Sabha election rally in Jorhat constituency, condemned the Congress poll promise document, calling it a politics of appeasement. “In India, no one wants the revival of triple talaq or support child marriage or polygamy.

₹4,275 crore. Bharti Airtel's subsidiary company was subscribed over 30 times. “A major catalyst fueling optimism in the primary market and brightening the outlook for upcoming listings is the push to unlock value.

Netaji was not the first PM of India but ‘Azad Hind’. 5 things you should know Apart from Chandra Bose, Subhashini Ali, CPI(M) leader and the daughter of a member of Subhas Chandra Bose's ‘Provisional government of Azad Hind’ also fact-checked the BJP leader saying, "Netaji was the head of the PROVISIONAL GOVT OF AZAD HIND not of the govt of India".

Mint’s Plain Facts section brings out an update on key global economic data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India. This time, we explain why the Bank of Japan has ended a long era of negative interest rates and what is causing financial stress to citizens of several countries.

'If Modi returns to power, there will be no further elections': Tamil Nadu CM Rahul Gandhi says Congress manifesto 'can change India' PM Modi invokes 'creator Brahmaji' at Ajmer rally, says ‘BJP is also creating..’ The Lok Sabha election in Madhya Pradesh will be held in four phases--April 19, April 26, May 7 and May 13. As per the Election Commission of India (ECI), constituencies- Sidhi, Shahdol, Jabalpur, Mandla, Balaghat and Chhindwara will cast votes on April 19.

Abhishek Basumallick, Founder & Chief Equity Advisor, Intelsense Capital, points to two sectors which have not been in the public limelight, chemicals and insurance. “While I am pretty bullish on insurance, chemicals sector is getting to the stage where we are probably seeing bottoming out in the businesses and things could turn around in the next 12 months,” says Basumallick. He also points out that IT and banking may also see a turnaround but that will take longer. Let’s discuss the market momentum right now and it is clearly favouring the small and midcaps. What do you make of the way forward because on one hand, there is always the challenge that it is probably getting towards the frothy zone as the valuations are expensive in smallcap and midcap, but the market mood is such that they clearly want to buy more of that? Abhishek Basumallick: The point that you are making is very true as there is uncertainty in the minds of investors. But personally, I think that small and midcaps could be headed for a pre-election rally and it is going to be very interesting to see how the largecaps behave, but the next couple of months should be very interesting for the mid and smallcaps.

Canada's federal elections in 2019 and 2021, as reported by the Canadian Broadcasting Corporation (CBC). According to documents released by the CSIS on Thursday night (local time), the Indian government allegedly had «intent to interfere and likely conducted clandestine activities,» which involved the utilization of a proxy agent within Canada.

sitars and tanpuras of Miraj, a small town in Maharashtra's Sangli district known for its craftsmanship in making musical instruments, have been awarded the coveted Geographical Indication (GI) tags. These instruments made in Miraj are much in demand among some of the prominent artistes, including those renowned in the field of classical music as well as film industry, the makers claim. The GI tag denotes the product comes from a particular geographical area, and often enhances its commercial value. The tradition of making sitars and tanpuras in Miraj goes back more than 300 years, with over seven generations of craftsmen having worked towards making these string instruments, the makers say.

Dry Days in Delhi: The Delhi government has in an order released on April 6 declared five dry days for religious holidays in the National Capital Territory (NCT) for the months of April to June 2024, as per an India Today report. Dry days in India imply a ban on serving and consumption of alcohol. The Delhi government traditionally issues a roster of dry days every three months.

Hindustan Times, Stalin said that the paramount issue in the upcoming Lok Sabha polls is to prevent India from becoming a "totalitarian and unitary state". MK Stalin said that "PM Modi’s return to power is not even beneficial for the BJP. The party will cease to exist; only Modi will remain".

but managed to end on a positive note. Weak global cues continue to weigh on the sentiment however, buying in select heavyweights across sectors not only capped the damage but also helped the index to close in the green. Domestic equity benchmarks Nifty 50 and Sensex extended their winning streak and logged a third straight week of gains, with the onset of FY25.

India Meteorological Department (IMD) forecast predicts over the next few days. The weather department noted that heat wave conditions will prevail over Tamil Nadu, Karnataka and Telangana today.

Top Events of the Day: India is all set to witness a series of important political and sports events including PM Modi's roadshow in Madhya Pradesh ahead of Lok Sabha elections 2024, IPL matches in Lucknow, etc. Here's a list of top events of the day, - Prime Minister Narendra Modi will start the BJP's Lok Sabha election campaign in Madhya Pradesh today, April 7. He will hold a 1.2-km long roadshow in the Jabalpur constituency.

Lok Sabha Elections 2024: Home Minister and BJP leader Amit Shah on April 6 took a jibe at the Congress, saying the opposition party does not understand India due to “its mostly Italian culture", as per an ANI report. The “Italian culture" jibe is likely a reference to Sonia Gandhi's roots and came following Congress National President Mallikarjun Kharge's remarks on Article 370. In a post on social media platform X (formerly known as Twitter), Shah called Kharge's remarks “shameful" and attached a clip of him speaking.

total solar eclipse. Skywatchers can witness the astronomical view in North America, including Mexico, the United States, and Canada, Western Europe, Atlantic, the Pacific, Central America, Arctic, Mexico, the northern reaches of South America, the Northwestern region of England and Ireland. The Moon passes in front of the Sun during a solar eclipse, causing a shadow to fall on Earth that can either partially or completely block the Sun's light.

Tesla Roadster, with ‘space-inspired attributes’, and an incredibly high speed of 0-60 mph (0-97 kmph) in less than a second has ignited speculation within the automotive industry globally. What specific features could embody these premium attributes in an electric car, and how might they influence India’s burgeoning electric luxury car market? While the next-generation Roadster with record-setting acceleration, range and performance might offer a glimpse into the future, US-based Tesla, Vietnam’s Vinfast, China’s BYD and many other global luxury car makers may bet on premium feature-led electric models for the Indian market.

Vodafone Idea (Vi) board approved a preferential share issue to raise Rs 2,075 crore from an Aditya Birla Group (ABG) entity, setting the stage for a wider funding programme critical to the revival of the cash-strapped telco. The shares will be issued at Rs 14.87 apiece to Oriana Investments Pte Ltd, Vodafone Idea said in a notice to the stock exchange on Saturday. The stock issuance will be at a premium to the closing price of Rs 13.32 on the BSE on Friday, which gave the company a market cap of Rs 64,841.52 crore. The relevant date for determining the floor price of the preferential issue will be April 8. Vodafone Idea was formed by the merger of Aditya Birla Group’s Idea Cellular and the India unit of Vodafone Plc in 2018. The board also approved an increase in authorised share capital to Rs 1 lakh crore from Rs 75,000 crore.

Indian Premier League (IPL) 2024 TV advertising for the first 15 matches experienced a 1% increase in ad volumes per channel compared to the previous edition, according to a report by TAM Media. The number of sponsors and categories climbed by 26% and 63%, respectively, to more than 50. The top five categories present in IPL 2024 together comprised 52% share of ad volumes, with Ecom-Gaming leading the list. The Ecom-Gaming category dominated the category list in all 15 matches of IPL 2024. Apart from Ecom-Gaming, the top five categories included Range of Food Products, Pan Masala, Cellular Phones-Smart Phones, and Securities/Sharebroking Organisation.

artificial intelligence (AI) text-to-code tools such as IBM Codenet, Microsoft’s GitHub CoPilot, Amazon’s Code Whisperer as well as StarCoder by Service Now and Hugging Face etc, to enhance productivity. Some of these tools claim to increase efficiency by up to 50%. These Gen AI models can generate code from simple text prompts 55% faster and can even check code quality and reviews in almost every computer language, including C++, Java, Go, Python, COBOL, Pascal and Fortran. Small wonder then that they are sparking high levels of curiosity.

Gen Z, are showing more interest in buying local products, pushing up the age group’s contribution to their sales in the last three to four years. Several companies in categories such as electronics and technology products, personal care and fast-moving consumer goods (FMCG) said Gen Z roots for desi products, unlike consumers in the age group from the late 30s to the 50s, who have a soft corner for foreign brands. Sales from younger consumers are growing at the fastest pace — two to three times the overall sales growth in the last few years, marketers said. Latest study by market researcher NielsenIQ said almost 100 million Gen Z consumers in India are shaping a new form of patriotism, going beyond traditional notions.

Global capability centres (GCC) have been mushrooming in India over the past few years, with over 1,580 GCCs and an installed talent base of over 1.66 million currently. A new report by IT industry apex body Nasscom and Zinnov found that in the fourth quarter of calendar year 2023, India saw 10 new GCCs established, marking the entry of key MNCs like Edge Cortix, M31 technology Corporation, Signature IP into the Indian market. US-headquartered MNCs accounted for around 50% of the new GCCs.