India Financial News

Babar Azam was named Pakistan's white-ball skipper on Sunday, four and half months after the batter had stepped down as their all-format captain following their World Cup debacle in India. Pakistan could not make the knockout stage of the 50-overs World Cup last year, which prompted Babar to relinquish captaincy. Pace spearhead Shaheen Afridi was subsequently put in charge of the T20 squad, while Shan Masood was named the test captain.

BJP on Sunday slammed the opposition INDIA bloc's rally at Ramlila ground here, saying it is not a «save democracy» meeting as projected but a "save family" and "hide corruption" rally. BJP spokesperson Sudhanshu Trivedi cited corruption cases of a host of leaders, including those from the Congress, DMK and the RJD, to assert that all these charges date back to pre-2014 period amid the opposition's accusation that the Modi government is implicating them in graft probes due to its political vendetta. Ramlila ground once hosted «India against corruption» movement under the leadership of Anna Hazare, Trivedi said, adding that it is hosting on Sunday a rally for «everybody with corruption». People who trashed many leaders as thieves and crooks have joined hands with them, and it is a strange and startling sight, he said, in an apparent reference to the coming together of the Aam Aadmi Party with other opposition parties.

Luxury car sales in India could cross the milestone of 50,000 units for the first time in a year in 2024 amid growing demand for such models, according to Audi India head Balbir Singh Dhillon. The overall domestic luxury car segment grew by 28 per cent annually last year to record sales volume of around 48,500 units. Luxury car volumes in India currently account for less than 2 per cent of the overall passenger vehicle sales annually and the sector has been more or less at the same level for the past decade. «Even if the sales grow by around 10 per cent and we do not face issues like disruptions like issues with global supply chain, we (industry) could cross the 50,000 volume mark in a year for the first time ever in 2024,» Dhillon told PTI in an interaction.

Reliance Industries Ltd has made substantial investments exceeding USD 125 billion over the past decade, primarily focusing on the expansion of its hydrocarbon and telecom sectors, according to a recent report. This investment spree, which included approximately USD 30 billion between FY13-18 to enhance the scale and competitiveness of its oil-to-chemical (O2C) business, and close to USD 60 billion between FY13-24E in 4G/5G capabilities for its telecom business, is now transitioning into a phase of less capital-intensive ventures. With the completion of the pan-India 5G rollout and potential tariff hikes in the telecom sector anticipated, Reliance's telecom business is poised to become a robust free-cash-flow (FCF) generator, complementing its existing cash cow O2C segment. Looking ahead, the conglomerate is shifting its focus towards relatively less capital-intensive ventures such as retail and upstream new energy, which offer higher returns and shorter gestation periods.

Ecos Mobility and Hospitality files DRHP with SEBI to launch IPO “The Primary market is set to remain super busy in 2024 as well as many mainboard and SME IPOs are opening for subscription. In 2023, overall 57 IPOs were launched raising around ₹49,437cr. The momentum of the IPO is expected to continue this year as well with bigger deals.

Tamil Nadu BJP chief K. Annamalai has shed light on India's wavering approach to the Katchatheevu island dispute with Sri Lanka. The decision to cede Katchatheevu has been a source of contention in Tamil Nadu, particularly for fishermen who continue to face arrest by Sri Lankan authorities. As the Lok Sabha elections near, the documents are likely to reignite the debate surrounding the island's ownership and the impact on Indian fishermen. According to a TOI report, the documents show that Sri Lanka is making up for its small size by pursuing the 1.9 square kilometer of territory around 20 km from the Indian beach with tenacity. This is based on claims that New Delhi disputed for decades before finally giving in to. Soon after independence, Ceylon, then known as Sri Lanka, asserted that the Indian Navy, then known as the Royal Indian Navy, could not hold exercises on the island without its consent. The island hosted an exercise by the Ceylon Air Force in October of 1955.

The price change in 24 carat gold in the last one week has been -2.89% .whereas in the last month it has been -7.95%. The cost of silver is Rs.77800.0 per kg The gold April 2024 MCX futures were trading at Rs.67800.0 per 10 gm up by 0.182% at the time of publishing.

NEW DELHI : Former chief of the UK’s National Cyber Security Centre, Lindy Cameron, is tipped to become the country’s new high commissioner to India. Should her appointment be confirmed, Cameron will be the first woman to serve as the British high commissioner in New Delhi. Alex Ellis, the incumbent British envoy, is expected to demit office shortly and move on to another diplomatic posting.

Arvind Kejriwal in custody for over a week, have reportedly reached out to Apple seeking assistance in accessing his iPhone, as per sources familiar with the matter, The Indian Express reported. According to the report, ED has officially reached out to Apple, the manufacturer of the phone, in an attempt to gain access to Kejriwal's iPhone. However, they were informed that a password was required to retrieve any data.

Solar Eclipse of 2024. It is also referred to as Surya Grahan and a total solar eclipse which happens when the moon moves in front of the Sun and Earth, partially or obscuring the Sun's face. 1) This time, there will be a total solar eclipse that can be seen across North America including the United States, Canada, Mexico, and other countries.

TCS is hiring freshers; applications open till April 10. Here's how to apply Usually, layoffs in companies affect majorly the seniors, but the former TCS staff said that the Indian firm broke the law by targeting them based on their race. They claimed that TCS gave preferential treatment to Indian workers in the US on the coveted H-1B visas.

Ministry of External Affairs (MEA) said that the Indian Embassy in Cambodia has been actively addressing grievances from Indian citizens who were “lured" by promises of employment opportunities in Cambodia but ended up being coerced into engaging in illegal cyber activities. The MEA further informed that approximately 250 Indians have been rescued and brought back to India, with 75 of them being repatriated in the last three months alone.

Congress on Sunday accused Prime Minister Narendra Modi of maintaining a «studious silence» on key issues affecting the people of Uttar Pradesh, as it alleged that he has «failed» women, farmers and youth. Ahead of the prime minister's rally in Meerut, Congress general secretary Jairam Ramesh posed questions for him on behalf of the people of Uttar Pradesh. To avoid having to come clean on his real intentions, he has maintained a «studious silence» on these key issues so far, Ramesh said and went on to list the issues which he claimed the people of Uttar Pradesh are hoping to hear from the PM on. «Publicly, PM Modi loves talking about women's empowerment and 'Nari Shakti' but he has repeatedly failed Indian women, even within his own party. Just two weeks ago, the BJP Mahila Morcha's National Vice President quit the party, citing that female party workers were being 'insulted' and 'treated harshly',» Ramesh said.

«Benchmark indices logged a second week of gains, ending the final trading week of fiscal year 2024 on an optimistic note. Nifty almost tested the previous all-time high above 22,500 on the expiry day and ended just above 22,300 with weekly gains of over 1%. On a weekly basis, sectoral indices posted mixed performances with realty, gaining the most followed by Auto and Infra, and the sector which fell the most was the IT sector,» said Arvinder Singh Nanda, Senior Vice President, of Master Capital Services.

asset tokenization, the event provided valuable insights into diverse investment opportunities. Here are the edited excerpts from the event, highlighting discussions on each investment product and insights shared by experts regarding opportunities beyond equities:

Supreme Court Judge BV Nagarathna has cautioned against instances of governors sitting indefinitely on bills passed by elected legislatures, referring to the case involving the Punjab Governor. In her keynote address at the inaugural session of the fifth edition of Courts and the Constitution Conference, held at the NALSAR University of Law here on Saturday, Justice Nagarathna spoke about the Maharashtra Legislative Assembly case as another instance of gubernatorial overreach, where the governor lacked sufficient material to declare the floor test. «This is not a healthy trend under the Constitution to bring the actions or omissions of the Governor of a state for consideration before constitutional courts,» she said. «I think I must appeal that the office of a governor, though it is called a gubernatorial post, the governor's post is a serious constitutional post, the governors must discharge their duties under the constitution in accordance with the Constitution so that this kind of litigation before the law courts is reduced,» Justice Nagarathna added.

youth don't run after government jobs but have become job creators, Union minister Piyush Goyal has said. He was addressing a meeting Saturday night of the residents of Adarsh Welfare Association in Malad suburb of North Mumbai Lok Sabha constituency, from where he is contesting as a BJP candidate. BJP's incumbent North Mumbai Lok Sabha member Gopal Shetty also addressed the meeting and requested the housing complex members to vote for Goyal. «Today's young men and women don't run after government jobs (but) with their talents become job creators. Today's youth are taking the country forward with new experiments and innovation,» Goyal said. «In the last 10 years, PM Narendra Modi took strong steps to strengthen India's economy. He attempted to bring in good governance in all areas. He brought in many schemes for the welfare of the poor,» the Commerce and Industry minister said.

Nifty 50 ended FY24 on buoyant note logging their best performance in three fiscal years, gaining 29 per cent in FY24, while Sensex rose 24 per cent. Nifty 50 has advanced 2.74 per cent in the January-March quarter, extending gains for four straight quarters in a row.

Mohamed Muizzu took over as the Maldives President, he has offered China many opportunities to invest in the island nation. Here's in 10 points how China has been helping Maldives in the past few months: Earlier in March, China signed a defence cooperation agreement with the Maldives. As part of the deal, China would provide Maldives with free military assistance to foster "stronger" bilateral ties.

brands in India focusing on Generation Z are increasingly including Snapchat in their advertising strategy, as they look to use the appeal of the platform’s filters and visual-first approach to nudge buyers in this age group to spend more. Although Instagram and YouTube remain the platforms of choice for mass digital advertising, Snapchat is increasingly becoming the social messaging app that brands are using to focus on Gen Z, or people in the age group of 12 to 27 years. «I see more and more brands which are targeting Gen Z utilising Snapchat in their advertising strategies, especially brands like Tira, Lakme and MamaEarth,» Srikant Rajasekharuni, CEO and co-founder of Red Matter Technologies (RMT), told ET. India has Snapchat’s largest audience. In May last year, Snapchat had said its monthly active users in the country had topped 200 million. India also leads as the country with the largest Snapchat advertising audience, ahead of the US, Pakistan, France, and the UK, according to WARC's latest platform report. «Snapchat has emerged as one of the best platforms to reach out to Gen Z in a captivating manner, not just for impressions sake but because of all their engagement tools, such as filters, which is why it is becoming more important in the media and advertising mix of brands,» Rajasekharuni said.

Assam Rifles was deployed in Kameng Frontier Division of the Arunachal Pradesh since 1958. Its posts were spanning over a large area including Chuthangmu, Bumla and Chuna in Kameng Frontier and Longju & Taksing in Subhansiri Frontier. During this period, there was a uprising going on in Tibet.