India Financial News

Ayurvedic wellness centres, homeopathy clinics and Unani hospitals across the country may soon have integrated accreditation standards, as the government pushes to widen the reach and popularity of alternative medicine. The National Accreditation Board for Hospitals and Healthcare (NABH) has requested stakeholders’ views on common accreditation standards it plans to issue by June, chief executive Atul Mohan Kochhar said. The decision was taken to ensure ease of business for the wellness centres, he added.

₹341 crore by the Income Tax department for the assessment year 2020-21. “Infosys Ltd on March 31, 2024, received order under Section 201 & 201(A) of the Income Tax Act, 1961 from the Income Tax Department, Government of India for assessment year 20-21 with a tax demand of ₹341 crores (including interest)," the company said in an exchange filing. Also read: Infosys to receive windfall tax refund of ₹6,329 crore from income tax department The company is currently assessing the ramifications of this directive on its financial statements for the quarter and fiscal year ending on March 31.

Arvind Kejriwal will remain the Chief Minister of Delhi, but his wife, Sunita Kejriwal, is likely to assume a "significant role" in the Aam Aadmi Party (AAP) in the coming days, party sources told news agency PTI on Sunday. Sunita Kejriwal has been at the forefront of the Opposition's protest against the arrest of her husband, Arvind Kejriwal. The Delhi chief minister was arrested on March 21 in connection with a money laundering case linked to the Delhi excise policy.

₹25 lakh. Currently, India has 10 SFBs, many of which started their journey as microfinance institutions or MFIs. “One of the suggestions was to replicate the cooperative bank strategy, where it is called just a bank, and the word ‘cooperative bank’ is mentioned below the name," said the chief executive officer (CEO) of an SFB who attended the meeting with the RBI officials.

MUMBAI : In late evening circulars stock exchanges NSE and BSE directed their member-brokers to take note of the Reserve Bank of India (RBI) notification of 5 January on hedging of foreign exchange risk, which restricts the use of exchange traded currency derivatives (ETCD) to hedging only from 5 April onwards. The circulars , according to some brokers, could spell the end of the 16-year-old ETCD as most of those who infuse liquidity into the market—proprietary and retail clients—act as counterparties to hedgers.

Mumbai: Lauding the Reserve Bank of India (RBI) for its astute management of the country’s financial system at an event on Monday to mark the central bank’s 90th anniversary, Prime Minister Narendra Modi laid out a roadmap for the next 10 years, saying India would need to become economically self-reliant to shield itself from external shocks. Making the rupee more internationally accepted, increasing the reach of banking services and scaling up digital transactions would be key focus areas, Modi said.

imports from China declined 3% in calendar year 2023 over 2022, the commerce and industry ministry said Monday, adding that exports to both China and the EU rose 7.1% and 2.1%, respectively during the period. The statement comes more than a week after report by the United Nations Conference on Trade and Development (UNCTAD) showed that India’s trade dependence on China and the EU increased in 2023 while it reduced on Saudi Arabia. In its Global Trade Update on March 22, the UNCTAD said that India’s trade dependence on China and the EU increased 1.2% each in 2023 while it reduced 0.6% on Saudi Arabia. Trade interdependence between China and the US decreased further in 2023.

IRB Infrastructure Ltd, on Monday said its special purpose vehicles have made an upfront payment of Rs 6,111 crore to National Highways Authority of India (NHAI) for toll operate transfer projects. The SPVs made an upfront payment of the concession fee of Rs 6,111 crore to the NHAI (TOT12 — Rs 4,428 crore, TOT 13 — Rs 1,683 crore) and subsequently received the appointed dates from NHAI for both projects, IRB Infrastructure said in a statement. «The SPVs of IRB Infrastructure Trust (Associate of IRB Infra)… ,Viz. IRB Lalitpur Lakhnadon Tollway Pvt. Ltd representing TOT 12 project, IRB Kota Tollway Pvt Ltd. and IRB Gwalior Tollway Pvt. Ltd. representing TOT 13 bundle, have started tolling w.e.f. the 00.00 Hrs. on 1st April 2024,» it added. IRB Infra Chairman & Managing Director Virendra D Mhaiskar said following an exhilarating FY24, it is immensely thrilling to continue that momentum into FY25. Successful funding of two TOT projects amounting to over Rs 7,000 crore, ahead of scheduled time, is a remarkable achievement for us, he added.

—Name withheld on request

Pandya receiving a hostile reception from MI fans at home ground, Manjrekar advised the crowd. "Behave," Manjrekar said forcefully.

Mai apke ghar ka naam badal dun to mera ghar ban jayega kya? [If today I change the name of your house, will it become mine]." ALSO READ: US recognises Arunachal Pradesh as Indian territory, strongly opposes ‘unilateral attempts by China’, says official Jaishankar emphasised that "Arunachal Pradesh was, is and will always be a state of India". He said changing names does not have an effect. When asked about claims of alleged encroachments by China in Ladakh, Jaishankar said, “Our army is deployed there (Line of Actual Control)...they know what they need to do." Meanwhile, Ladakh-based climate activist Sonam Wangchuk alleged that China has encroached upon Indian territory.

NEW DELHI : India's coal production touched a new high of 997.4 million tonnes in fiscal year 2024 (FY24), marking an 11.67% increase from the previous year, but falling short of the 1-billion-tonne target, the coal ministry said in a statement on Monday. In FY23, output stood at 893.19 million tonnes. However, the cumulative production of coal and lignite surpassed the milestone with a record 1.04 billion tonnes, the ministry said.

₹70,000 crore, equivalent to $8.4 billion, in FY25. Moreover, 19 companies have already secured the Securities and Exchange Board of India (SEBI) approval to raise a substantial ₹25,000 crore. Bharti Hexacom, Go Digit Insurance, Swiggy, Ola Electric, Waaree Energies and Brainbees Solutions are some of the most awaited IPOs in FY25.

Mint in an interview. He added that this is an important region that the company is focusing on and has a lot more plans to further double down in India. As part of its strategy, the company will introduce some new products, including its pre-mix insulin drug Soliqua, and Xenpozyme, which is used to treat late-onset pompe disease.

demat account is a crucial step for investors looking to invest directly in the stock market. However, before diving into the world of trading and investments, individuals must adhere to certain KYC (Know Your Customer) norms mandated by regulatory authorities. These norms serve to verify the identity and credentials of account holders, ensuring transparency and security in financial transactions.

Indian Railways loaded 1591 million tonnes (MT) freight during financial year 2023-24 up from 1512 MT in the preceding fiscal. According to officials aware of the development, with 79 MT incremental loading, the national transported clocked the highest ever loading for Indian Railways in a fiscal. Records of railway electrification, new lines, and track replacement were also made during the year under review. The Indian Railways electrified 7188 Route Kilometers (rkm), laid new lines at 14.5 kms per day, and replaced 5950 Kms of tracks. Within goods loading, the Railways ferried 787.61 MT of Coal, 180.95 MT of Iron ore, 153.80 MT of Cement, and 114.36 MT as Balance Other Goods.

South Indian Bank on Monday said that its gross advances grew 11.4% year-on-year to Rs 80337 crore while Karur Vysya Bank reported a 16% annual growth to Rs 74460 crore. The average banking sector credit growth was 16.5% year-on-year as per the latest Reserve Bank of India data available till March 8, 2024. South Indian Bank's deposits rose 11.2% year-on-year to Rs 1.02 lakh crore. Karur Vysya's deposits mobilisation rose 16.3% to Rs 89113 crore, according to the provision data submitted by the banks to the stock exchanges.

Reserve Bank of India (RBI) on Monday said nearly 97.69 per cent of the Rs 2,000 denomination bank notes have returned to the banking system, and only Rs 8,202 crore worth of the withdrawn notes are still with the public. The total value of Rs 2,000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of Rs 2,000 banknotes was announced, has declined to Rs 8,202 crore at the close of business on March 29, 2024, the central bank said in a statement. On May 19, 2023, the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation.

upgrades to downgrades during October-March 2024 despite rise in borrowing costs and supply constraints due to war in the middle-east and the red sea crisis. Domestic consumption, demand across several sectors, government spending on public infrastructure, and healthy balance sheets helped in improving credit profiles, according to rating agencies. Major rating companies have recorded more upgrades than downgrades though the pace moderated sequentially.

Baltimore last week is «healthy», according to a nonprofit organisation that has been in touch with the personnel. The 2.6km-long, four-lane bridge over the Patapsco River in Baltimore, came crashing down after Dali, a 984-foot cargo ship bound for Sri Lanka, collided against it in the early hours of March 26. The 21 crew members of Dali, of which 20 are Indians, are still onboard the crippled cargo ship nearly a week after the collision.

Arvind Kejriwal has been remanded in judicial custody till April 15 following his arrest in the Delhi excise policy case. GST collection data released on Monday indicated an 11.5% rise to ₹1.78 lakh crore while the Election Commission received complaints about Rahul Gandhi and the Trinamool Congress. Meanwhile, the Supreme Court refused to stay Hindu prayers in the southern cellar of Gyanvapi mosque and the India Meteorological Department issued a major heatwave warning.