India Financial News

Airtel and Reliance Jio, found themselves on a new battlefront — the satellite communication or satcom, a futuristic technology that promises to revolutionise India's telecom sector. Companies such as Reliance Jio’s JV with Luxembourg-based SES; Starlink; Amazon; Bharti-backed OneWeb; and the Tata-Telesat combine are working on creating a constellation of satellites to deliver ‘broadband-from-space’ services in India. India's current telecom market has just two big players, Reliance Jio and Bharti Airtel, but satcom will attract more big players. Since satcom does not require installation of towers on earth, the entry barrier is not as formidable as it is in traditional terrestrial mobile telecom.

institutions are starting to join in, Goldman Sachs' head of digital assets Mathew McDermott said on Tuesday. Bitcoin, the biggest cryptocurrency, hit a new all-time high of $73,794 last week and has gained 50% so far this year, pulling other crypto prices along with it.

Read RBI Monetary Policy 2024 LIVE Updates here Under these circumstances, monetary policy must continue to be actively disinflationary to ensure anchoring of inflation expectations and fuller transmission of the past actions, he added. Economists believe that the RBI now seems to remain more confident of growth conditions than that with inflation trajectory.

Los Angeles but does not provide further details. "At trial, Jolie will prove through testimony, emails, photographs, and other evidence why Pitt was so concerned about his own misconduct that he blew up his own deal to purchase Jolie's interest in Miraval because she refused to agree to his new, expansive NDA," the filing reads.

Political films lose steam at the box office Besides, CM Vijayan has asked the DD not to become a "propaganda machine" for the Prime Minister Narendra Modi-led BJP and the Rashtriya Sayamsewak Sangh (RSS). "Kerala will remain steadfast in opposing such malicious attempts to sow hatred," Vijayan said. Kerala opposition leader V D Satheesan wrote on the X platfrom, “The strategy of the Sangh Parivar administration led by Modi is to create division within secular society by screening the film 'The Kerala Story', which is a collection of untruth…The politics of division cannot be used in Kerala".

PS5 Slim boasts a more compact design compared to its predecessor, addressing concerns over the bulkiness of the original PS5. Sony touts a reduction in volume by over 30% and weight by 18% to 24%, offering a more streamlined gaming experience. In terms of aesthetics, subtle tweaks have been made to the console's design, featuring four panels instead of the previous two, potentially allowing for enhanced personalization options.

Stocks to buy today after RBI monetary policy: The Reserve Bank of India (RBI) left the repo rate unchanged at 6.50 percent for the seventh straight Monetary Policy Committee (MPC) meeting. However, stock market experts look at this RBI move as an opportunity for long-term investors who want to buy banking and financial stocks.

Indian Premier League, Punjab Kings defeated the Gujarat Titans in a thrilling match on Thursday, primarily due to the bravery of their uncapped Indian star, Shashank Singh. The «unwanted» Shashank Singh on Thursday demonstrated his class with the bat as he assisted Punjab Kings (PBKS) in defeating Gujarat Titans (GT) by three wickets at the Narendra Modi Stadium in Ahmedabad during the Indian Premier League (IPL). With one ball still to spare, Shashank led PBKS home with a brilliant knock of 61 off 29 balls, going undefeated and hitting six boundaries and four sixes. Ashutosh Sharma (31 off 17) provided him with excellent support as the pair shared 43 runs off only 22 balls, raising hopes for PBKS that ultimately came true.

Bilquis Mir from Jammu and Kashmir is set to become the first woman from India to represent the country as a jury member at this year's Summer Olympics, which is to be hosted by Paris from July 26 to August 11. Gir's appointment as a jury member for the Paris Games was official conveyed through a letter from the Indian Olympic Association (IOA) to the Jammu and Kashmir administration. «Bilquis Mir, water sports promoter, developer, athlete, jury member of Indian Kayaking and Canoeing association has been nominated as the member of the jury to officiate at the Paris Olympics games. She is the first person from India to be appointed as a jury member at the Paris Olympics,» the IOA stated in the letter to the Jammu and Kashmir administration.

Bank Nifty was up by 91.15(0.19%) at 05 Apr 2024 10:44:53 IST.In the BSE Sensex index HDFC Bank, Mahindra & Mahindra, Kotak Mahindra Bank, NTPC, State Bank Of India were the top gainers while Larsen & Toubro, Bajaj Finance, Ultratech Cement, Tech Mahindra, Axis Bank were the top losers.In the Bank Nifty index Au Small Finance Bank, HDFC Bank, Punjab National Bank, Bandhan Bank, Kotak Mahindra Bank were the top gainers while Axis Bank, ICICI Bank, Indusind Bank, were the top losers.For the complete list of 52 week high stocks click here. Milestone Alert! Livemint tops charts as the fastest growing news website in the world

IPL 2024: Gujarat Titans (GT) and Punjab Kings (PBKS) clashed on April 4 in their fourth individual match of the tournament. Punjab sealed a last-over victory as their “accidental purchase", Shashank Singh, became the Player of the Match. Let’s take a look at some of the top batting records so far in the tournament after the GT vs PBKS match.

DCM Shriram Industries Ltd.(up 3.86%), Kothari Sugars & Chemicals Ltd.(up 2.15%), Balrampur Chini Mills Ltd.(up 1.74%), Bannari Amman Sugars Ltd.(up 1.65%), Bajaj Hindusthan Sugar Ltd.(up 1.50%), Magadh Sugar & Energy Ltd.(up 1.48%), EID Parry(India)Ltd.(up 1.42%), Simbhaoli Sugars Ltd.(up 1.36%), KCP Sugar & Industries Corporation Ltd.(up 1.31%) and Dwarikesh Sugar Industries Ltd.(up 0.92%) were among the top gainers.

Indo Tech Transformers Ltd.(up 7.33%), Jaiprakash Power Ventures Ltd.(up 4.34%), Indowind Energy Ltd.(up 4.00%), Hitachi Energy India Ltd.(up 3.89%), Transformers & Rectifiers(India)Ltd.(up 2.70%), SJVN Ltd.(up 1.83%), Torrent Power Ltd.(up 1.79%), NLC India Ltd.(up 1.24%), PTC India Ltd.(up 1.15%) and GE T&D India Ltd.(up 1.12%) were among the top gainers.

Reserve Bank of India (RBI) in its monetary policy committee (MPC) meeting said that now individuals can make payments from prepaid payment instruments like digital wallets using UPI that too through any third party app. RBI Governor Shaktikanta Das has said wallet holders no longer have to depend upon the PPI wallet issuer in order to make UPI payments, rather individuals can use any third party app in order to transact using unified payment interface (UPI). RBI Governor Shaktikanta Das said, «At present, UPI payments from bank accounts can be made by linking a bank account through the UPI App of the bank or using any third-party UPI application.

Reserve Bank of India has proposed that CBDC (Central Bank Digital Currency) or, the eRupee, to be accessible to broader sectors of customers by enabling non-bank payment system operators to offer CBDC wallets. . According to the RBI's Statement on Developmental and Regulatory Policies issued on April 5, 2024, “Distribution of CBDCs through Non-bank Payment System Operators CBDC pilots in the Retail and Wholesale segments are underway with more use-cases and more participating banks. Continuing with this approach, it is proposed to make CBDC-Retail accessible to a broader segment of users in a sustained manner, by enabling non-bank payment system operators to offer CBDC wallets. This is expected to enhance access and expand choices available to users apart from testing the resiliency of the CBDC platform to handle multi-channel transactions. Necessary changes will be made to the system to facilitate this.” Further, the RBI governor said during his Monetary Policy Review speech, «The CBDC pilots are currently in operation with increasing number of use-cases and participating banks. It is proposed to make CBDC-Retail accessible to a broader segment of users by enabling non-bank payment system operators to offer CBDC wallets. This will also facilitate testing of the resiliency of CBDC platform to handle multi-channel transactions. „

Shaktikanta Das on Friday proposed to permit 3rd party UPI apps to make payments and cash deposits at Cash Deposit Machines (CDMs) using UPI (Unified Payments Interface). Addressing the RBI MPC meet 2024 today, Das said, “Deposit of cash through CDMs is primarily being done through debit cards. Given the experience gained from cardless cash withdrawal through the UPI at the ATMs, it is now proposed to facilitate the deposit of cash in CDMs using UPI." “This will enhance customer convenience, and make the currency-handling process at banks more efficient," the RBI Governor added.

RBI monetary policy 2024: In its first bi-monthly committee meeting for FY24–25, the Reserve Bank of India (RBI) maintained the real GDP growth forecast for the current fiscal year at 7%. The GDP growth target for Q1 FY25 was adjusted to 7.1% from the previous 7.2%, while for Q2 FY25, it was revised to 6.9%, up from the previous forecast of 6.8%. The growth rate for Q3 FY24 remains unchanged at 7% from previous forecasts.

Lexus Granito(India)Ltd.(up 11.20%), Sandur Manganese & Iron Ores Ltd.(up 2.56%), KIOCL Ltd.(up 1.51%), Pokarna Ltd.(up 1.03%), Oriental Trimex Ltd.(up 0.52%), Aro Granite Industries Ltd.(up 0.50%), NMDC Ltd.(up 0.33%) and Madhav Marbles & Granites Ltd.(up 0.23%) were among the top gainers.

govt securities by logging on the website. As per the RBI Governor, «The RBI Retail Direct Scheme was launched in November 2021. It is now proposed to launch a mobile app for accessing the Retail Direct portal. This will be of greater convenience to retail investors and deepen the G-sec market. „ As per the statement given by RBI, “RBI Retail Direct Scheme, launched in November 2021, gives access to individual investors to maintain gilt accounts with RBI and invest in government securities. The Scheme enables investors to buy securities in primary auctions as well as buy/sell securities through the NDS-OM platform. To further improve ease of access, a mobile application of the Retail Direct portal is being developed. The app will enable investors to buy and sell instruments on the go, at their convenience. The app will be available for use shortly.»

Shaktikanta Das on Friday called inflation the elephant in the room and said that the animal seems to be returning to the forest, hinting at inflation reaching the favourable target of 4 per cent. The governor said, «The elephant in the room was CPI inflation. The elephant has now gone out for a walk and appears to be returning to forest.» The remark from the governor came while he was announcing the decisions of the first bimonthly Monetary Policy Committee (MPC) meeting of FY25.

Winzo Games posted an operating profit of Rs 120 crore in FY23, according to financials submitted to the Ministry of Corporate Affairs. Winzo Games also saw its revenue grow 182% from Rs 242 crore in FY22 to Rs 687 crore in FY23.