India Financial News

NEW DELHI : India can sustain 7% growth annually in the coming years propelled by investments flowing into the country, high domestic savings, and by addressing supply-side challenges, Louis Kuijs, chief economist, Asia Pacific, at S&P Global Ratings, told Mint. If the government continues to work on resolving challenges related to infrastructure, institutional factors, labour laws, land acquisition rules, and education, the country can aspire to grow even faster, Kuijs said.

ALSO READ: IPL 2024: Ravi Shastri lends support to Hardik Pandya after Mumbai Indians' third loss, says, 'just be patient...' Following the video was shared on social media, netizens were quick to react on it. Dev too to X and wrote “Rohit Sharma told the cameraman to turn off recording when he visited temple .

₹10.68 crore from the Ministry of Finance for sale and redemption of the electoral bonds, a report said on Friday. According to a report by The Indian Express, based on a Right to Information (RTI) application, the bank raised vouchers for commission for its bank charges and transaction fees, along with 18 per cent goods and services tax (GST), for the electoral bonds. The electoral bonds were sold and redeemed in 30 phases before they were declared unconstitutional by the Supreme Court.

₹23,000 crore. Bandhan started as a non-government office (NGO) in 2001, with a focus on women empowerment and poverty alleviation. In 2006 it acquired a non-banking finance company (NBFC) licence and was renamed to Bandhan Financial Services Ltd (BFSL).

UPI) having gained massive popularity for an array of transactions, depositors will soon be able to use this phone banking interface service to deposit cash at cash deposit machines (CDMs) at ATMs and bank branches. Although it is a natural progression in the continuum of fintech evolution we are all witnessing, it still came as a pleasant surprise when Reserve Bank of India (RBI) Governor Shaktikanta Das announced on Friday at the culmination of bi-monthly monetary policy committee (MPC) meeting. “The RBI's proposal for UPI cash deposits is a material leap forward.

Marico stock rises 3% after company reports gradual uptick in Q4 growth Notably, Tanishq expanded its presence by inaugurating new stores in Dubai and Chicago (USA) during the quarter. Within India, out of the 27 new store additions (net), Tanishq accounted for 11, while Mia contributed 16 new stores to the network. The domestic business of Watches & Wearables experienced a solid annual growth of approximately 7%.

₹2,230.78 crore. Sanlam Emerging Markets Mauritius Ltd said in a statement that it will increase holding in Shriram General Insurance Co. Ltd by 10.74% and in Shriram Life Insurance Co.

₹1 lakh annually in cash transfers to the poor, and address the twin challenges of joblessness and inflation. A ‘Mahalakshmi scheme’ – the centrepiece of a broad five-year programme of social justice -- will provide ₹1 lakh per year to every poor Indian family as an unconditional cash transfer, India's main party of Opposition said in its manifesto, 'Nyay Patra', launched on Friday.

Marico said FMCG demand sentiment stayed consistent vis-à-vis the preceding quarters with trends in urban and rural consumption largely converging. The company is anticipating a “slight uptick" in volumes in its fourth quarter India business. In the December quarter, Marico had reported a 2% jump in quarterly volumes in India.

NEW DELHI : Nestle India’s board has approved a staggered increase in royalty payout to the company’s Swiss parent Société des Produits Nestlé S.A. The consumer goods company will hike its payout to Nestlé S.A.

Also Read: Expert View | Oil market oversupplied with high US output, Brent seen at $87-$92 for 2024: ShareKhan's Mohammed Imran The JMMC of the OPEC+ cartel, met online on Wednesday, April 3, to review the market and members' implementation of output cuts. In a statement following the meeting, OPEC+ said some member countries had promised to improve their adherence to supply targets.

B Capital, which has backed the likes of Byju’s, Meesho and Pharmeasy in India, has announced two appointments to further expand its climate investment practice. Rich Lesser, global chair and former CEO of Boston Consulting Group (BCG), has joined as vice chair, climate & sustainability and senior advisor, as per a statement.

Titan's revenue jumped 17% year-on-year in the fourth quarter and 36 stores were added in the same period. The overall store count currently stands at 3,035.

Bank of India’s foreign exchange reserves touched a new record high of $645.58 billion in the week ended March 29, topping the previous high of $642.49, latest central bank data showed. Forex reserves increased by $2.9 billion in the week ended March 29, primarily driven by the central bank’s foreign currency assets that rose $2.3 billion to $570.61 billion during the week. “We have been consciously building reserves over the past four five years as the market moves prevailing upon the market situation,” said central bank governor Shaktikanta Das at the post-policy media briefing Friday. “That effort continues because it acts as a buffer against future risks especially in situations when the cycle turns and there is significant outflow of dollars”

Defence Staff (CDS), General Anil Chauhan, delivered a significant address to future leaders of the armed forces at the Defence Services Staff College in Wellington, Tamil Nadu. He emphasized the critical need for military leaders to adapt to the evolving character of warfare, underlining the importance of «inter-services synergy.» General Chauhan highlighted the need for military leaders to adapt to the «changing character of war» and underscored the importance of «inter-services synergy» During his visit, General Chauhan was briefed by the Commandant on the ongoing training activities at the college, with a focus on fostering jointmanship and inter-services awareness. He also discussed the transformative reforms implemented in the Indian military in response to emerging security challenges.

bank will continue to accumulate foreign exchange reserves even though it is at an all-time high as it looks to strengthen its position to counter volatility due to spillovers. India’s foreign exchange reserves stood at a record $645.6 billion as of March 29. “We have been consciously building reserves over the past four five years as the market moves prevailing upon the market situation,” said central bank governor Shaktikanta Das at the post-policy media briefing Friday. “That effort continues because it acts as a buffer against future risks especially in situations when the cycle turns and there is significant outflow of dollars”

company secretaries will be tremendous to manage the inflow of capital both from the Indian and international investors, a top domain expert said on Friday. «We have to increase the pool of Company Secretaries (CS) to 95,000 by 2030 and to 1.4 lakh by 2047, the year of Viksit Bharat economy driven by capital flow and the government-initiated infrastructure development,» B Narasimhan, President of the Institute of Company Secretaries of India (ICSI), said here. Currently, ICSI has around 70,000 CS members and over 2 lakh students, he told PTI. Narasimhan gave an insight into the aspects resonating with the Indian economy.

Ajith Kumar recently attended the birthday of cricketer T Natarajan. The ‘Thunivu’ star was seen having a ball of a time at the event. Pictures of the star feeding the cricketer cake have also gone viral. Taking to X (formerly Twitter) on Friday, trade analyst Ramesh Bala shared pictures of the star attending the birthday party. In one picture, the ‘Valimai’ star could be seen posing with ‘Sunrisers Hyderabad’ bowler, and in another photo, the actor could be seen feeding cake to the cricketer. The pictures became viral on the microblogging site, gaining more than 93K views and 6.6K likes. “Wow!!! AK filming in Hyderabad it seems..Hoping for him to come to tomorrow's match,” wrote a fan. “The Legend Ajith Kumar a great Human begin. Down to earth. May God shower his blessings upon him..” read another post. The actor also went viral a few days ago after pictures of him preparing biryani for some friends during a road trip began doing the rounds on social media.

Air India employees, CEO Campbell Wilson expressed gratitude for their hard work and dedication, which he credited for the airline's progress over the past year. He also announced that the annual appraisal cycle is currently underway and will be retroactively effective from April 1. «The end of the Financial Year also caps off the annual appraisal cycle which has been underway for some time, as well as allows us to tally our annual financial results,» he added in the first 'Friday Message' of 2024-25 to employees. «Please bear with us whilst this important but necessary process runs its course.» Wilson highlighted Air India's ambition to become «a world-class, global airline with an Indian heart,» noting the accelerated progress of its Vihaan.AI initiative. He also mentioned the successful onboarding of the first batch of cadet pilots, who are set to begin ground training in the US. Additionally, he acknowledged the cabin crew for clearing the backlog of training batches, leading to the addition of the 4,000th crew member since privatization.

As anticipated, Reserve Bank of India’s (RBI) Governor Shaktikanta Das on Friday announced to keep the repo rate constant at 6.5 percent for seventh consecutive time as he shared the outcome of first monetary policy committee (MPC) meeting in fiscal 2024-25.

Sunita Kejriwal (wife of Delhi CM Arvind Kejriwal) came in which a photo of Arvind Kejriwal was put on the wall along with Bhagat Singh and Baba Saheb Ambedkar. I felt awful after watching this. An attempt was made to compare him with the legends, I would ask the Aam Aadmi Party to refrain from such activities," he said.