India Financial News

In recent years, India has elevated to a stage where it has acquired the status of having the world’s largest overseas diaspora, with approximately 32 million NRIs and OCIs. Amongst the broad spectrum of India’s NRI network, Gulf countries continue to acquire the largest concentration, along with other countries like Singapore, the US, Canada, the UK, etc. With a plethora of NRIs moving abroad in search of better job opportunities and education, it is important to note that NRIs are taxed in India on the income generated within the country itself.

Out of 136.4 million single holding demat accounts, around 99 million or 72.5% do not have any nomination details, a consultation paper by Securities and Exchange Board of India (Sebi) shows. In case of joint holding demat accounts, 37.2% do not have any nominations.

In today’s complex investment landscape, index fund investing has surged in popularity as a simple and cost-effective method for accumulating long-term wealth. This article delves into the basics of index fund investing, tracing its evolution both globally and in India, while also shedding light on essential considerations before incorporating it into investment portfolios.

The BCCI has announced the full schedule of the ongoing IPL 2024 season. With this, it has been confirmed that the full tournament will be played in India with the final match in Chennai.

In the always-changing world of industrial real estate, location is the first thing among the most important things to consider. Besides geographical coordinates, the industrial hub’s performance greatly depends on how it is networked to the largest transport systems. Chandigarh Tricity (Chandigarh-Mohali-Panchkula) has become the foremost site of recent developments as it demonstrates how proper infrastructure implementation can stimulate growth in industrial real estate area.

For most people, purchasing a home is a major milestone. However, the associated mortgage debt can be a long-term financial commitment for many. In recent years, home loan borrowers have experienced a substantial increase in their monthly payment amounts. This can be attributed to the repeated hikes in interest rates on home loans by banks, which began in May 2022.

In a move marking the first large-scale exercise in decades, the Archaeological Survey of India (ASI) has unveiled plans to remove 18 centrally protected monuments from its roster, citing their diminished national significance. This initiative stems from a list of 24 “untraceable” monuments identified by the Union Ministry of Culture, which was submitted to a parliamentary committee last year.

By Sashi Kumar

smallcaps in a raging bull market, 328 stocks with a market capitalisation of over Rs 1,000 crore have given multibagger returns since last Holi. Tine Agro is the top gainer with a massive return of 6,220% during the period. Data analysis shows that there are at least 5 other stocks that have given eye-popping returns of at least 1,000% — Kesar India, SG Mart, Jai Balaji Industries, Insolation Energy and Waaree Renewable Technologies.

HEG, one of the leading graphite electrode manufacturers in India, is one such stock. After experiencing a prolonged downward trend from October 2021 to March 2023, the company's shares experienced a notable rebound in the subsequent month. Since then, they have consistently followed an upward trajectory, surging from ₹920.70 to the current trading price of ₹1,902.

RCB vs PBKS: Team India players are frequently on the move from one place to another representing their country. This commitment often means missing out on celebrating festivals with their families. In 2024, amidst their engagements in the IPL, a video from 2023 has resurfaced on social media showing the Indian team celebrating Holi together on a team bus.

Arvind Kejriwal in connection with the Delhi Excise Policy case linked to a money laundering case. Delhi Minister and AAP leader Atishi said on Monday that they have resolved not to play with colours and celebrate Holi this year and appealed to the countrymen to join them in the fight against cruelty and evil. "Holi is not just a festival, but a symbol of the victory of good over evil, a symbol of justice over cruelty.

Holi greetings, wishing all a vibrant celebration filled with colours and music. In the heart of Washington, DC, Dupont Circle is alive with the festivities of the Holi festival.

Nikhil Kamath in an interview with The Print shared his thoughts on being a school dropout. He also noted the societal stigma associated with low-barrier jobs regardless of the monetary success. When asked how the reactions were after his dropping out Kamath said his parents took the news better than expected.

Also Read: Will the rise in crude oil prices impact the markets in the near term? Moreover, the recent surge in geopolitical tensions has further propelled oil prices upward. Notably, Ukraine's launch of drone attacks on Russian oil refineries, including Lukoil Nizhny, Rosneft Ryazan, and Surgut Kirishi, has caused partial shutdowns.

ANI over the phone, “Yes, we have received his resignation letter." Earlier, four Congress MLAs extended their support to the Himanta Biswa Sarma-led BJP government, while one MLA, Sherman Ali Ahmad, was suspended for “anti-party" activities. The legislators are Shashi Kanta Das, Siddique Ahmed, Kamalakhya Dey Purkayastha and Basanta Das.

Madhya Pradesh, Bhupendra Singh Dhakat, learned printing skills while in jail and later used them to produce fake currency notes, authorities revealed. Dhakat was apprehended by the police after they found 95 counterfeit notes of Rs 200 each at his residence in Sironj. Along with the fake notes, a color printer, ink bottles, and paper used for making the counterfeit currency were also seized. Dhakat admitted to circulating the fake money in the district for several months. He has a history of 11 criminal cases, including murder, and has been in and out of jail. During his last incarceration, he acquired printing skills through a vocational program aimed at helping inmates reintegrate into society post-release. Instead of using his skills for good, Dhakat resorted to illegal activities. Despite being banned from multiple districts, he managed to continue his illicit operations. According to the jail superintendent, prisoners receive printing training to support themselves after release. The case highlights the challenges of rehabilitation post-prison and the misuse of acquired skills for criminal activities.

Pinarayi Vijayan on Monday said the slogans 'Bharat Mata Ki Jai' and 'Jai Hind' were first raised by two Muslims and asked whether the Sangh Parivar would be ready to abandon them. Reaching out to the minority community in this Muslim-dominated north Kerala district, the veteran CPI(M) leader said Muslim rulers, cultural icons and officials had played a significant role in the country's history and independence movement. Drawing examples from history to prove his point, Vijayan said a Muslim man named Azimullah Khan had coined the slogan 'Bharat Mata Ki Jai'.

Border Security Force personnel on Wednesday celebrated Holi at BSF headquarters in Khasa, Punjab. The Khasa campus was drenched in colours and the BSF personnel were seen singing and dancing with their acquaintances. «Today, all units of Amrtisar are here and we are joyfully celebrating Holi. All of us jawans have gathered here to celebrate the festival today,» said one of the officials.

Ahmedabad Municipal Corporation (AMC) has announced the establishment of a 300-tonne-per-day solid waste to steam plant in Ahmedabad, operating under the Public-Private Partnership (PPP) model. The plant, to be constructed by Surat-based Steamhouse India on a 5-acre plot at the Pirana Waste dumping site, is set to significantly reduce environmental pollution by decreasing reliance on fossil fuels. Ahmedabad, the seventh largest metropolis in India, produces approximately 4,000 metric tonnes of solid waste daily. The shift towards sustainable waste management is crucial due to the adverse effects of organic waste decomposition in landfills, which release harmful greenhouse gases contributing to climate change, and the health hazards posed by toxic substances from various waste types to nearby communities, a spokesperson from the Ahmedabad Municipal Corporation explained. Utilizing waste to steam (WTS) technology, the project aims to establish a circular economy by utilizing Refuse Derived Fuel (RDF). This German technology, making its debut in India, offers numerous benefits, including reduced environmental impact, low operational costs, and efficient resource utilization. Additionally, the project is anticipated to provide a more cost-effective solution for steam generation, with capital expenditure projected to be 70 percent lower compared to conventional waste to energy plants, according to the AMC.

Singapore is focusing on increasing its hospitality infrastructure such as hotel rooms, according to a senior tourism official here. Before the pandemic-induced lockdown, Singapore had received 1.4 million tourists from India in 2019. It then recovered to 1.1 million in 2023. With two offices in Mumbai and Delhi, the Singapore Tourism Board (STB) promotes Singapore attractions as a holiday destination aggressively in India, Poh Chi Chuan, Executive Director of Exhibitions & Conferences at the STB told PTI. Singapore is building infrastructure for tourists and business travellers such as 9,000 new hotel rooms that are being added to about 72,000 existing rooms.