India Financial News

Pepe Coin, a notable meme coin, has experienced significant volatility recently. In the last month, it surged by an impressive approx. 400%, delighting investors. Over the past three months, it has risen even further, by 385%, indicating sustained confidence in the market.

(Reuters) -Facebook co-founder Eduardo Saverin's global investment firm B Capital on Tuesday announced the close of its second Opportunities Fund, with total fundraising of $750 million as it bets on late-stage startups.

Hindustan Unilever on Tuesday said it is evaluating various options for the future of the ice cream business, following its parent Unilever's announcement of a strategic intent to separate the vertical globally. London-based Unilever announced that it intends to transform itself into a simpler, more focused and higher-performing company by separating the ice cream business, a move expected to result in a loss of 7,500 jobs. When asked about the possible impact of the move on the Indian business, the Indian subsidiary (HUL) of Unilever said it is evaluating various options. «As far as the Indian ice cream business is concerned, we are evaluating the various options in light of this announcement. We will discuss this with the HUL Board and Unilever management in the coming months. Once the approach is finalised, we will communicate further,» said a HUL spokesperson in response to a query over the impact of Unilever's decision on the Indian business.

Congress on Tuesday alleged that India's farmers have faced 10 years of «anyay-kaal» with the agriculture ministry being a «complete failure» in every basic responsibility, and asserted that farmers now need the party's «Kisaan Nyay» guarantees. Congress general secretary in-charge communications Jairam Ramesh claimed that of all the various «failures» of the Narendra Modi government, the «sheer incompetence and maliciousness» of the agriculture and farmers welfare ministry is among the most harmful and self-evident. In a detailed post on X, Ramesh listed the various «failures» of the government in ensuring development of farmers. He claimed that the «eight major failures» of the Modi government's agriculture ministry are — «extortionate GST on agricultural inputs, non-utilisation of ministry funds, failure to double farmers' income; inadequate MSP increases and non-implementation of the Swaminathan Commission Report, failure to diversify crops, dependence on imports for edible oils, failures on trade policy, and rising indebtedness and farmer suicides».

Connected cars are becoming the mainstream choice for many new car buyers in India fuelled by rising disposable incomes and an influx of new models. Such cars, which have embedded chips allowing internet access, enabling drivers to transmit, store and receive information collected via sensors – currently make up as much as 30% of all new vehicles sold, up from 6% in FY21. New-age buyers are increasingly taking to cars which offer continuous connectivity and a safer driving experience. Given the robust demand, carmakers have started offering such features in all premium SUVs sold in the local market.

Prime Minister Narendra Modi on Tuesday wrapped up his whirlwind tour of South India by holding a roadshow in Kerala and a public rally in Tamil Nadu, marking the continuation of the BJP's southern outreach, as he made a strong election pitch for the party, a month ahead of Lok Sabha polls. Over the last five days, Modi visited all of south, held roadshows, made an aggressive bid for his party, and took on the rivals with full gusto, especially the ruling DMK in Tamil Nadu, and the BRS in Telangana that was in power for 10 years. He also stepped up his attack on the opposition bloc India over Congress leader Rahul Gandhi's 'Shakti' remark. Not just through the week, but PM Modi had made repeated stopovers in multiple southern destinations in the past few months, crisscrossing the region, in a bid to get a firmer foothold for the saffron party. He combined official engagements with visits to places of Hindu religious significance. But for Karnataka, the region has eluded the BJP of many electoral gains. Kerala and Tamil Nadu even bucked the national trend in 2014 and 2019, cold-shouldering an otherwise resurgent and powerful BJP that swept across the country in the polls.

Indian government would encourage local production of premium electric cars in the country, a senior Audi AG executive said on Tuesday. Audi AG Vice-President, Sales Overseas, Andre Konsbruck said the Indian government is taking the right steps to accelerate the adoption of EVs in the country. «The government seems to be very committed to sustainability and to the electric future,» he said in an interaction here while referring to the new electric policy. Konsbruck said that India is perhaps the first market where a specific regulation is targeted towards premium cars.

₹29 lakh) from the current 70-110% to 15% for five years but comes with a number of caveats. The reduced tariff is valid only for 8,000 cars per year and can be availed only if companies make an investment of ₹4,150 crore or $500 million towards setting up a factory within three years. There is also a clause on domestic value addition –30% domestic value addition within three years going up to 50% by the fifth year.

Uddhav claimed that he is not bothered if the BJP took away his estranged cousin. Earlier today, Raj Thackeray met Amit Shah in Delhi amid speculations of BJP's interest in an alliance with Maharashtra Navnirman Sena (MNS) for a boost in Maharashtra in the 2024 Lok Sabha polls. The Sena (UBT) chief charged at the BJP saying that it knows well that they don't get votes in the name of Prime Minister Narendra Modi in Maharashtra.

NEW DELHI : Hindustan Unilever Ltd on Tuesday said it is “evaluating various options" for its India ice cream business following parent Unilever’s decision to demerge its €7.9 billion ice cream unit by the end of 2025. “The ice cream business has an inherently different business model, including a cold-chain go-to-market operating model, seasonality, and a different innovation rhythm compared to the rest of Unilever's business. As far as the Indian ice cream business is concerned, we are evaluating the various options in light of this announcement," an HUL spokesperson said in response to Mint’s queries.

Mint. A bilateral air service agreement mandates a limit on the number of seats or flights that airlines can allocate between two countries. India currently has bilateral air service agreements with 116 countries.

NEW DELHI : India’s direct tax collections, after adjusting for refunds, has jumped nearly 20% to ₹18.9 trillion this financial year until 17 March, the Central Board of Direct Taxes (CBDT) said in a statement on Tuesday. Net direct tax receipts, which includes four instalments of advance tax payment, accounts for 86% of the full-year target of ₹21.98 trillion.

₹60-70 lakh for the the whole tournament, I was taking ₹25 lakh per day in IPL. The satisfaction was not with money, the satisfaction was that time would fly. It was beautiful," he said to news agency PTI.

₹779 crore and has the rare distinction of being a profitable unicorn. But as the above instances show, not all is well. In fact, the company may struggle to remain profitable, going ahead.

Looking into the rate of crypto adoption and the share of cryptocurrency owners in 56 countries as of February 2024, Nigeria and Turkey lead the pack, according to data from Statista.

Insolation Energy Limited (INA Solar) has joined hands with the illustrious Lucknow Super Giants forming a Strategic Partnership to promote the use of Solar Energy for the upcoming T20 season 2024. INA Solar and Lucknow Super Giants T20 Partnership was inaugurated by the Deputy Chief Minister of Uttar Pradesh, Honorable Shri Brijesh Pathak.

₹10 per equity share, is a mix of fresh issue of shares of up to ₹200 crore and an offer of sale of up to 4.45 million by the promoter group and investor-selling shareholders. The offer for sale consists of the sale of equity shares of up to 7.20 lakh by Arvind Nanda, up to 7.90 lakh shares by Gautam Suri, up to 5.40 lakh shares by Ishaan Suri, up to 6 lakh shares by Shobhna Suri, up to 1.80 million by OIH Mauritius Limited.

Andhera, Varun Dhawan and Samantha Ruth Prabhu-starrer Citadel: Honey Bunny, the Indian adaptation of the American espionage thriller, Karan Johar-backed Daring Partners, Siddharth Roy Kapur’s Matka King starring Vijay Varma, and The Revolutionaries, an adaptation of the book by the same name. New seasons of older franchises such as Mirzapur, Paatal Lok, Panchayat and Suzhal- The Vortex will be the other attractions.

Sensex, Nifty 50 fell 1%- Tuesday wasn't a great day for Indian markets as the benchmark index remain in the red zone. The overall market capitalization of firms listed on the BSE dropped to nearly ₹373.9 lakh crore from ₹378.8 lakh crore in the previous session, resulting in investors collectively losing about ₹5 lakh crore in a single session. Read Full report 2.

₹16,000 crore for 889 kilometres of national highway through its ‘InvIT round 3’ This is the largest-ever monetisations by NHAI and one of the largest transactions in the history of Indian roads. The letter of acceptance (LOA) was issued in February, NHAI said.

Zomato co-founder and CEO Deepinder Goyal on 19 March announced the launch of a 'Pure Veg Mode' along with a 'Pure Veg Fleet' for customers having pure vegetarian dietary preferences. Citing the reason for the launch of ‘Pure Veg Mode’ and ‘Pure Veg Fleet’, Goyal said that it was done based on the feedback from vegetarian customers.