India Financial News

HDFC Bank rallied 7% on the New York Stock Exchange on Thursday, buoyed by the encouraging numbers for the March quarter. HDFC Bank ADRs were trading at $60.2, up nearly 7% from the previous close. Back home, shares of the private sector lender ended 3% higher on the National Stock Exchange at Rs 1,529.

UK's prominent Indian student representative organisations on Thursday began a new "Fair Visa, Fair Chance" campaign in favour of the post-study Graduate Route visa, which has proved hugely popular with students from India since its launch around three years ago. The National Indian Students and Alumni Union (NISAU) UK, which had originally campaigned for the visa that allows international graduates the chance to gain work experience for two years after their degree, fears the ongoing review of the route would reverse the progress made. The independent Migration Advisory Committee (MAC) has been commissioned to review the Graduate Route visa by UK Home Secretary James Cleverly to ensure it is «fit for purpose» and is expected to report by next month. Do you meet the immigration criteria? Check here «The ability to work for two years post-graduation helps international students to earn money to help pay for their degrees and enable some to get valuable work experience as well as to continue to build strong links with the UK,» said Lord Karan Bilimoria, Co-Chair of the All Party Parliamentary Group (APPG) on International Students and patron of NISAU UK.

BJP leader Hema Malini. Commission chairperson Renu Bhatia said Surjewala has been asked to present himself before the panel on April 9 and give a clarification. The commission took suo motu cognisance of media reports and issued the notice. It said his alleged «indecent» remarks hurt the dignity of a woman. BJP IT department head Amit Malviya had shared an undated video on X in which the Congress general secretary is purportedly making some objectionable remarks about the actor-politician and two-time Mathura MP while attacking the ruling party.

e-mobility company NexGen Energia on Thursday said it has launched an affordable electric two-wheeler with price starting at Rs 36,990. The electric two-wheeler was unveiled by businessman-actor Suniel Shetty on Wednesday, the company said. «The scooter starts from Rs 36,990 and is our most affordable two-wheeler yet. The launch marks an important step towards making electric vehicles (EVs) more accessible and affordable for the coming generation,» NexGen Energia said. NexGen Energia Chairman Piyush Dwivedi said the company's goal is to make electric vehicles a viable option for every Indian, ensuring a cleaner future for all.

Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal campaigned for the upcoming Lok Sabha elections at various places in the Margherita Assembly constituency. The senior leader from BJP was accorded warm reception by the people as Sonowal visited North Margherita Rangamancha, Nagapathar Rangamancha, Udaipur Rangamancha, Lidu Railway Theatre among others. Sonowal, “The Congress is synonymous with the Gandhi family; it hasn't transcended beyond that. This party's reputation in India revolves around corruption, nepotism, and fostering division. The people of Assam has endured unrest, rampant corruption and discontent during the Congress era. The injustices inflicted upon the Assamese people by the Congress remain unforgettable. Who will hold accountable those who seek refuge behind the Congress for the security of the people? I entrust everything to the public. I am confident that those who want to piggyback on Congress will fall flat in the court of people’s will, as people will pull them down.”

J P Nadda Thursday asked the people of Uttarakhand to again give all the five Lok Sabha seats in the state to the BJP to help Narendra Modi return as prime minister for a third term and make India the third biggest economy in the world. «It is your national responsibility,» Nadda told his first election meeting at Pithoragarh in the state in support of Ajay Tamta, the BJP candidate from the reserved Almora Lok Sabha seat. Prime Minister Modi made the country the fifth biggest economy in the world despite the challenges of the Covid pandemic and the Russia-Ukraine war, he said. «If you help him get a third term as PM by ensuring the BJP's victory in all the five seats, he will make India the third biggest economy,» Nadda said.

Mallikarjun Kharge on Thursday launched a blistering attack on Prime Minister Narendra Modi, calling him a "sardar of liars" and accusing him of «sleeping» after taking opium while China «entered» Indian territory. Addressing an election rally in Rajasthan's Chittorgarh, he said Modi does not think for the country but is busy only abusing the Gandhi family whose members sacrificed their lives for the nation. «Modi says 'I have a 56-inch chest, I will not be scared'. If you are not afraid then why have you left a large part of our land for China. They are coming inside and you are sleeping. Have you taken sleeping pills? Have they taken opium from the fields of Rajasthan… and fed you?» he said in Hindi. «Modi kehate hain 56 inch ki chhati hai, main nahi darunga. Agar nahi darte to fir China ko hamare bahut saa bhag kyo chhode? Wo andar ghus kar aa rahe, aap kya neend kar rahe ho? Kya neend ki goli khaaye ho? Kya Rajasthan ke kheton me se afeem le jaake'… ya wo khilaye hai kya?» Kharge alleged the prime minister is not concerned about the country but he is busy abusing the Gandhi family. «He wants to take the people of the country with him by torturing them. He always keeps lying,» Kharge said. «Modi is 'sardar of liars'.»

Shashwat Goenka is joining the 2024 Class of Young Global Leaders of the World Economic Forum. RPSG Group owns power utility CESC and Spencer's Retail amongst other businesses. Other class members from India Inc for this year include FSN E-Commerce Ventures (NYKAA) CEO Adwaita Nayar, Jubilant Group director Arjun Bhartia and Vedanta Limited non-executive director Priya Agarwal Hebbar. There are Indian members in other fields such as social entrepreneur and acting. The class of 2024 includes a group of nearly 90 changemakers across nations.

wheat procurement from Bihar, Rajasthan and Uttar Pradesh, taking it up to 50 LMT in Rabi Marketing Season (RMS) 2024-25 from last season's 6.5 LMT, said a senior official in the food ministry adding that this will help the government in meeting its procurement target of 310 LMT and restoring the allocation of wheat in various food security programmes. The government which currently sells 75,000 tonnes of atta and rice under its own private label — Bharat Brand — during a weak, is planning to double this in the next fortnight. It has sold 7.06 LMT of wheat and 3.1 LMT of rice under Bharat brand until now. These states (Bihar, UP, Rajasthan) have the potential for production but procurement has been less than expected, the official said, adding that several rounds of meetings have been conducted with food secretaries of these states to help with the target. The government will also make payments to the farmers within 48 hours of procurement.

salary thresholds for overseas workers, including Indians, applying for the UK's Skilled Worker visas kicked in on Thursday, as part of tough new measures announced earlier to cut Britain's overall migration figures. For those applying under the Skilled Worker visa route, the salary threshold for an application will rise from GBP 26,200 to GBP 38,700 — an increase of 48 per cent. The UK Home Office said it forms part of a «robust and fair package of measures», which will mean 300,000 people who arrived in the UK last year would now not be able to and also prevent undercutting of domestic workers by cheap overseas labour. «It's time to turn off the taps and end the flow of cheap workers from abroad. Mass migration is unsustainable, and it's simply not fair. It undercuts the wages of hard-working people who are just trying to make ends meet,» said UK Home Secretary James Cleverly.

Guardian report says that the India's foreign intelligence agency allegedly began to carry out assassinations abroad as part of an emboldened approach to national security after 2019. Notably, this is the third time India has been accused of assasinating, or attempting to assassinate individuals in foreign sol. Earlier Canadian Prime Minister Justin Trudeau had claimed that there was credible allegation against India, in the killing of Khalistani separatist Hardeep Singh Nijjar.

gated community has taken social media by storm. Originally shared on Instagram by Bengaluru-based interior designer Shubham Gayakwad, the video captures a stunning lineup of luxury cars, including supercars, parked outside houses. Viral Sensation The video, posted with the caption «Just Bangalore things!» on an Instagram page dedicated to sharing images and videos of supercars in India, quickly gained traction. It reveals the opulent display of supercars and also features luxury cars and two-wheelers.

Mint was the first to report last July that Tesla executives in their meetings with the ministries of heavy industries and commerce had discussed importing EVs from its Berlin gigafactory for the Indian market, as opposed to Shanghai, which is its main export base. The government plans to open the application process for its new EV policy, as well as publish detailed guidelines under it, in a span of 60-70 days from now, even though the policy stipulates for applications to start within 120 days of the policy announcement, which took place on 14 March, the people cited above said on condition of anonymity.

₹244 crore plus interest to Ericsson for infringing on the telecommunications firm’s 2G and 3G patents. A spokesperson for Lava International said, “Lava will explore all viable legal avenues, including the possibility of filing an appeal in response to the judgement.

external affairs ministry on Thursday cautioned Indian nationals against falling prey to human traffickers promising lucrative job opportunities in Cambodia. In an advisory, the ministry called upon Indians looking at job opportunities in the Southeast Asian country to thoroughly check the background of the prospective employer. «It has come to attention that Indian nationals, lured by fake promises of lucrative job opportunities in Cambodia, are falling into the trap of human traffickers,» it said. The ministry said these Indian nationals are «coerced» to undertake online financial scams and other illegal activities.

What the numbers say: According to the National Family Health Survey, which covered 14 states in India during 2019 to 2021, ownership of land or property among women was higher in rural areas than in urban areas. Of the women respondents surveyed, 38.3% women in urban areas had house or land ownership compared to 45.7% in rural areas. This was in the case of women in the age-group of 15-49 years.

CRISIL Market Intelligence and Analytics, said. “In the near term, owing to a prediction of high temperatures over an extended period, summer crop sowing which largely comprises cereals like bajra and maize, pulses like moong, and vegetables like cucurbits and melons are expected to be negatively impacted following lower reservoir levels across key states like UP, Bihar, West Bengal, Chhattisgarh, AP, Karnataka and Tamil Nadu," Sharma added.

ALSO READ: IPL 2024: Ravi Shastri lends support to Hardik Pandya after Mumbai Indians' third loss, says, 'just be patient...' As MI got a day gap for their clash against Rishabh Pant-led Delhi Capitals, it is expected that the booing and jeering may stop or tone down. But if by any chance, MI loses the match, it may hurt Pandya. It is still unexpected on how Sanjay Manjrekar's recent 'behave' warning created an impact, but former Australia captain Michael Clarke revealed Hardik is actually in a better space to what the belief is, adding, that MI needs to win matches.

₹15,000 crore. The state was unable to pay salary and arrears among other payments. Subsequently, Kerala dragged the union government to the Supreme Court for limiting its borrowing powers.

Modi has highlighted economic growth as one of his biggest achievements in election rallies and has "guaranteed" making the economy the third largest in the world from fifth now if he wins a third term in a row as polls predict. He has already asked officials to finalise plans by around May to expand the economy to $6.69 trillion in nominal terms by 2030, from around $3.51 trillion currently, according to the October document.

Kangana Ranaut took to microblogging site X, to post, “There was talk of opening a shop of love but Congress has opened a shop of hatred". “Congress leaders, who have degraded views towards women, are deteriorating their character day by day in frustration and despair of inevitable defeat." Kangana Ranaut tweeted in Hindi. Filmmaker Vivek Agnihotri also came out in support of Hema Malini.