India Financial News

ALSO READ: IPL 2024: Virat Kohli 'hurt' after third loss of Challengers, chances of getting to playoffs 'uncertain'! Looking at the stats, Kohli is the leading run-scorer and only in-form batter for RCB -- 203 runs in four matches at an average of 67.66 with 2 half centuries. So far, he is the current Orange Cap holder for most runs in the season. Also, Kohli has hit the maximum fours in IPL 2024 – 17 and smashed 8 sixes this season.

Indian Oil Corporation Ltd (IOCL) in the Delhi High Court on Thursday, after the state-owned company cancelled its first tender for a green hydrogen manufacturing plant in February. The court allowed the industry body to withdraw the petition as the cancellation rendered it irrelevant. In its writ petition, the body had accused IOCL of having a conflict of interest in the tender issued in November.

Urban Cruiser Taisor, the brand's newest SUV offering. In a strategic move, Toyota has opted for collaboration with Maruti Suzuki, releasing the Taisor as its fourth rebadged vehicle from the Maruti lineup. This partnership underscores Toyota's commitment to expanding its footprint in India's competitive automotive landscape.

₹3,000 but now, with modification, the cost has been brought down to ₹300. This will help in saving severe anaemic cases and life saving intervention," said Dr Kapil Yadav, a researcher at AIIMS Delhi.

Gucci advertisement was recently spotted on a massive billboard in Spain's Madrid. Reacting to the giant picture of the Bollywood diva, that too in a European location, one of her fans said, “Nice photoshoot, best picture of Alia. It's a great move to connect to the Indian audience as she has a great fanbase in India".

Many individuals have a cherished dream of owning a home. To transform this dream into a reality, many individuals choose to pursue a home loan, as it allows borrowers to gradually repay the loan amount through affordable Equated Monthly Instalments (EMIs). 

Gold set another record above $2,300 an ounce on the likelihood the Federal Reserve will cut interest rates this year and sustained demand from central banks.

Nagarjuna Fertilizers and Chemicals Ltd.(up 4.88%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 4.02%), Bohra Industries Ltd.(up 3.95%), Mangalore Chemicals & Fertilizers Ltd.(up 3.25%), Paradeep Phosphates Ltd.(up 2.15%), Zuari Agro Chemicals Ltd.(up 1.39%), Sikko Industries Ltd.(up 1.02%), Aries Agro Ltd.(up 0.96%), The Fertilisers and Chemicals Travancore Ltd.(up 0.38%) and Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 0.26%) stood among the top gainers.

Shares of Bandhan Bank Ltd.(up 3.92 per cent), HDFC Bank Ltd.(up 3.06 per cent), Au Small Finance Bank Ltd.(up 2.63 per cent), IDFC First Bank Ltd.(up 1.34 per cent) and Kotak Mahindra Bank Ltd.(up 1.04 per cent) ended the day as top gainers in the pack.

Neerja Kapur, Chairman-cum Managing Director, New India Assurance, reported a global written premium target of Rs 42,000 crore, with unaudited figures showing a total of Rs 41,860 crore for the financial year. The final figures depend on the trial balance and balance sheets. This translates to a $5 billion global premium. When asked about the premium breakdown, Kapur highlighted health as the top-performing segment, noting growth in health and motor segments. You recently closed your books of FY24. How much premium have you done in the fiscal? Has the company achieved the target or has it missed it? How far are you from the target? Neerja Kapur: We had targeted a premium of about Rs 42,000 crore, global written premium and we have completed the financial year and these are unaudited figures as of now. When we compile the premium completion of our domestic market with the premium completion of our foreign offices, the total premium of Rs 41,860 crore and these, of course, will be subject to the finalisation of the trial balance and the balance sheets. It translates into about a $5 billion global premium.

PMLA). The CPI(M) appealed to voters to defeat the BJP, strengthen the Left, and ensure the formation of an alternative secular government at the Centre. In its manifesto, the party pledged to fight for «an uncompromising adherence to the principle that religion is separated from politics». «The CPI(M) stands for the scrapping of all draconian laws like UAPA (Unlawful Activities (Prevention) Act) and PMLA,» the manifesto stated.

IHCL) has partnered with Merlin Group to open a new resort near Joka on Diamond Harbour Road, Kolkata. IBIZA – an IHCL SeleQtions will have 130 keys, including eight suites, spread over 11 acres in Kriparampur, a popular tourist destination. The property will also boast a 5,400 sq. ft. ballroom, conference halls, pre-function areas, meeting rooms and scenic outdoor venues. “The existing resort will be refurbished and expanded under a new brand, with plans to open in October 2025. A total investment of Rs 60 crore will be infused for the planned expansion,” said Sushil Mohta, Chairman of Merlin Group, hinting the company may look at more assets with IHCL.

vegetarian meal platehas become more expensive backed by the surge in the price of onion, tomato and potato. The cost of the representative home-cooked veg plate rose 7% in March against the same month last year, while that of the non-veg plate declined 7%, as per CRISIL Market Intelligence and Analytics report. Compared to last month, however, the cost of the veg plate declined 1% and non-veg food plate rose 2%., due to higher demand amid Ramadan.

Bank of India revises FD rates: BOI has updated its fixed deposit interest rates for deposits below ₹2 crore. Following the revision, the bank now provides interest rates ranging from 3% to 7.25% for deposit periods spanning from 7 days to 10 years. These rates are effective from 1 April 2024. Senior citizens receive an extra 50 basis points (bps) on tenors of 6 months and above, while super senior citizens are granted an additional 65 bps. For deposits below ₹2 crore and tenors of 3 years and above, senior citizens receive an additional premium of 25 bps, totaling 75 bps. Similarly, super senior citizens are offered an additional premium of 25 bps, totaling 90 bps.

Lok Sabha elections 2024 that are scheduled to take place in seven phases beginning from April 19. He Vallabh tendered his resignation from the party earlier today, saying he has not been able to “raise anti-Sanatana slogans or abuse the wealth creators". Resigning from the primary membership of the Congress, Gourav Vallabh said he does not feel comfortable with the “direction" the party is moving forward.

₹15 per share. The company board also fixed a record date for the Mishtann Foods rights issue on 20th March 2024. So, those who held Mishtann Foods shares on 20th March after the market close are eligible to participate in this right offer of Mishtann Foods Ltd.

Indian stock market today: A total of 3 stocks have been banned for trade on Thursday, April 4, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

GE Power India, a prominent player in India's power generation equipment market, witnessed an 11.8% surge in its shares, reaching a 34-month high of ₹371 apiece in today's intraday trading session following the announcement of significant orders. This uptrend marks the stock's sixth consecutive trading session of gains, totaling a cumulative increase of 45%. In a regulatory filing on Wednesday, the company said that it secured orders from Jaiprakash Power Ventures worth ₹774.9 crore.

defaulting on loan repayment from being considered a criminal offense, except in cases of fraud, breach of trust, or as specified by the law. He further explained that when a borrower consistently misses EMI payments, the lender has the authority to systematically inform them. Typically, banks or financial institutions are required to give the borrower reasonable notice to fulfill their payment obligation.

₹24 lakh for his second over rate offence in the ongoing 2024 Indian Premier League (IPL) season. Pant maintained a slow-over rate in the game against Kolkata Knight Riders at the ACA-VDCA Cricket Stadium in Visakhapatnam on April 3, the second instance when Pant was fined for a slow over rate. Apart from Pant, other team members were also fined 25 per cent of their match fees, or ₹6 lakh, whichever is less.

RBI Governor Shaktikanta Das. This MPC meeting marks the commencement of the financial year's first bi-monthly review, where key decisions regarding interest rates will be made. Amidst rising inflationary pressures, market observers anticipate that the committee may maintain the repo rate at its current level of 6.5%.