India Financial News

Hyundai Creta, Maruti Suzuki Grand Vitara, Kia Seltos and Mahindra XUV700 from customers in Australia, Latin America and Southeast Asia. According to industry estimates, Indian carmakers are set to ship more than 675,000 vehicles in the fiscal year that ends March 31, recovering from a low of 404,000 reported in the aftermath of the pandemic in FY21. Around 663,000 cars were exported from the country in the last financial year. Vehicle exports were dominated by Maruti Suzuki and Hyundai, which together accounted for two-thirds of all cars shipped out of the country.

market through dated securities in the first half of FY25, which makes up 53.1% of the full-year target of 14.13 lakh crore, the finance ministry said on Wednesday. The sum is lower than the usual borrowing of about 57-60% of the total for a fiscal year in its first half. This is in part due to the upcoming elections in April-May, when official spending is expected to decelerate a bit, experts said. A lower borrowing target for the first half would have a benign impact on bond yields.

consumer goods manufacturers. They have launched more premium products than mass-market ones in the last two years in several categories as per data from companies and market researchers. Inflation in the last financial year played a key role, said experts, taking a toll on mass-segment sales as prices went up across products while economic stress in the low to middle income groups hasn't eased up much since the pandemic period. More than 70% of the new products launched by India's largest consumer goods maker Hindustan Unilever in last two years were in the premium segment. Around 65% of all new personal care product launches were in the premium segment for ITC Ltd, doubling the contribution of such products to the division's sales in the last four years to 38%. For the largest biscuit maker Parle Products, around 60-65% of new launches were in the premium segment as compared to 40% pre-Covid.

JJP) MLA Dushyant Chautala said the opposition INDIA bloc lacks a strategy as well as a face to fight the 2024 Lok Sabha election. A former deputy chief minister of Haryana, whose party was earlier a member of the BJP-led National Democratic Alliance (NDA), told ET that the partnership broke down because the BJP refused to part with a single Lok Sabha seat or finalise seat-sharing agreement for Haryana assembly election with the regional party. However, Chautala did not rule out the possibility of an alliance with either the BJP or the Congress in future. «You cannot predict the future.

Hamas militants launched an attack in southern Israel, killing and abducting scores of its citizens. It has since then escalated into a full-fledged war in Gaza. Israel said it would continue the offensive until all hostages are released and Hamas is destroyed.

₹20 per capita per month," and the commission called them poor. In their classic study, Dandekar-Rath defined the poor in terms of an average consumption of 2,250 calories per capita per day, equivalent to ₹15 for rural areas and ₹22.50 for urban areas, both in 1960-61 prices. This became the poverty line for academic studies in India and around the world.

₹50,000 crore. Money power cannot guarantee electoral success, so it becomes a race to the bottom. Even Ambedkar had identified this malaise.

Smriti Irani on Wednesday said the Congress leadership fears a loss in Amethi and Rae Bareli, and that's why there is a delay in announcing candidates for these two seats. Irani was speaking at the Times Now Summit. Attacking Congress leader Rahul Gandhi, Irani said Amethi is his second choice. «Rahul Gandhi has already declared his candidature from Wayanad.

Arvind Panagariya, chairman of the 16th Finance Commission, said on Wednesday. He said states must be persuaded to take up these reforms as India cannot grow faster if all states are not performing well. «Next reforms have to be done at the level of the states and we have to persuade half a dozen states to adopt some of these reforms,» Panagariya said at the Times Now Summit themed 'India Unstoppable'.

Nirmala Sitharaman on Wednesday asserted that investigative agencies are free to chase those who contravene law irrespective of their political affiliation, rejecting any perception that the NDA government is seeking to coerce opposition parties into submission by setting the enforcement agencies after them. Speaking at the Times Now Summit, themed 'India Unstoppable', Sitharaman also said that she was given the option by BJP president JP Nadda to contest in the upcoming Lok Sabha polls. However, she expressed inability on the grounds that «I don't have the kind of money» required to fight polls, among others. The minister is a Rajya Sabha member from Karnataka. «After thinking over a week or ten days, I just went back to say… maybe not. I do not have that kind of money to contest. I also have a problem whether it is Andhra Pradesh or Tamil Nadu. It's also going to be a question of various other winnability criteria that they use… Are you from this community or are you from that religion? Are you from this? I said no, I do not think I am going to be able to do it,» she said.

BJP is looking to bring in prominent Sikh faces, mostly Jats, from other parties and from outside the political circles after the party decided to go solo in Punjab after 28 years. The party is in touch with many Sikh leaders from various parties to join its fold as part of its efforts to rely on faces outside the party so as to field 13 candidates in the state, where for nearly three decades it has contested mostly on three Lok Sabha seats. Two sitting MPs Sushil Kumar Rinku and Ravneet Singh Bittu and diplomat Taranjit Singh Sandhu joined the party in the last few days. Rinku is an SC and was the lone AAP MP and also its nominee for the coming Lok Sabha polls.

BJP — whether it was on Article 370, CAA, agri laws or electoral bonds — and will improve its performance electorally in the upcoming polls, CPI (M) General Secretary Sitaram Yechury said here. In an interview with PTI, Yechury also asserted that the Bharatiya Janata Party (BJP) will not be able to make a dent in the southern states. Facing a shrinking voter base, the Left parties, which are part of the opposition INDIA bloc, are virtually engaged in a do-or-die battle in the upcoming Lok Sabha polls. With just five MPs in the outgoing Lok Sabha — three of the Communist Party of India (Marxist) and two of the Communist Party of India (CPI) — the Left parties are at their lowest in almost six decades.

A 420-meter or quarter-mile white steel tube running alongside a railway line in the windswept northern Netherlands could usher in a new era in the transportation of people and freight

video of an Indian student from Hyderabad went viral, where he was seen bleeding profusely. He was beaten and robbed in the US. Following this, US President Joe Biden said that the US administration is working very hard to curb such attacks against international students from India.

MUMBAI : Automobile portal CarDekho is navigating a new round of funding that is likely to raise its valuation marginally, as it steers towards a public listing over the next 18-24 months, according to three people aware of the development. The company is in talks with investors to raise $100-150 million in a largely secondary round where early investors will clock in full or partial exits, the people said.

MUMBAI : Gopika Gopakumar [email protected] mumbai The Reserve Bank of India (RBI) on Wednesday tweaked rules governing investments in alternative investment funds (AIFs), offering some relief for lenders forced to make large provisions, and investors suddenly facing a drought of capital. In December, RBI ordered banks and non-bank lenders to sell their investments in AIFs, which had further invested in companies to which the lenders had given loans in the previous 12 months; otherwise, they had to make 100% provisions against them.

IPL 2024: Hardik Pandya-led Mumbai Indians is being handed a hard time catching up in the Indian Premier League (IPL) game against Sunrisers Hyderabad as its 'ordinary bowling' has helped the SRH to score 148 at a loss of two wickets in just 10 overs. ‘There is only one Bumrah,’ cricket commentator Harsha Bhogle said referring to the MI's fast bowler Jasprit Bumrah in an attempt to summarize the SRH vs MI match. "Wow, incredible hitting and now, some ordinary bowling as the outcome of the boundary barrage.

New Delhi: Adani Green Energy on Wednesday said it has operationalized a 180-MW solar power plant at Devikot in Jaisalmer, Rajasthan. The plant has a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI), Adani Green Energy Ltd (AGEL), India's largest renewable energy company, said in a statement.

Mint review of director appointments at 21 companies showed. These include Zee Entertainment Enterprises Ltd, Dish TV India Ltd, pharma firms Gland Pharma Ltd, Alkem Laboratories and Solara Active Pharma Sciences Ltd, and banks like Union Bank of India and Karnataka Bank. Zee has seen three instances of directors opting out while Gland Pharma and IFGL Refractories Ltd, which provides refractories to steel plants, has witnessed two such occasions in the last three years.

ALSO READ: SRH vs MI IPL 2024 Live Score Looking at some records on who scored highest runs in IPL history, this was the first time that a team breached 275-runs mark. Earlier in 2013, Virat Kohli-led Royal Challengers Bangalore scored 263/5 runs in 20 overs while playing against Pune Warriors at M Chinnaswamy Stadium in Bengaluru.

In a stock exchange notice today (27 March), the board said Ayaz Ebrahim will cease to act as portfolio manager of the £812m trust from 1 April.  Amit Mehta and Sandip Patodia, who have been the trust's joint portfolio managers since 30 September 2022, will continue to oversee the trust. JP Morgan EM portfolio manager Roskell retires «The board would like to thank Ayaz for his contribution to the management of the company's portfolio,» it said.  «It looks forward to continuing to work with Amit, Sandip and the other members of the company's investment management team to seek to ...