India Financial News

Nizamabad PFI case involving an anti-India conspiracy by the banned outfit to carry out acts of terror and violence, a spokesperson said on Saturday. Abdul Saleem, the state secretary for PFI's Telangana North, is the 15th accused to be arrested in the case, originally registered by the Telangana Police at Nizamabad police station in July 2022 and taken over by the National Investigation Agency (NIA) in August that year. An integral part of the conspiracy of the Popular Front of India (PFI) and its cadres was to make India into an Islamic nation by 2047. Abdul Saleem had been on the run since the case came to light and the NIA subsequently declared the reward for his arrest, the spokesperson said. He was nabbed from Mydukur in Andhra Pradesh's Kadappa district following an intelligence-led operation, the official added.

Avtar Saini this week is reminiscent of a similar event last year when Rajalakshmi Vijay, the then CEO of a technology firm, lost her life in a morning jog accident after being struck by a speeding SUV in the Worli area of south Mumbai. Rajalakshmi Vijay was the CEO of Altruist BPO. She was hit by a speeding car during her morning walk on the Worli seaface promenade in March last year. Altruist BPO in a LinkedIn post had said: «She was a visionary, filled with boundless passion and energy to fulfill her goals, both personal and professional. She grew Altruist BPO in a remarkably short span of time. She was a fitness enthusiast and a perfectionist with a great talent for numbers. We are determined to keep her vision and goals as our lighthouse, and business will go on. We thank Rajalakshmi (Raji) Vijay for everything.» Rajalakshmi Vijay was a regular marathon runner and was a chartered accountant. She had served in many companies, including Airtel, Flipkart and Tata Motors. Writing about her preparation for the Tata Marathon, she had written this on social media: “I have added life to my days, I have added friends to my life. I have added the booster shot to my work.

Supreme Court has said that Article 21 is the soul of the Constitution as the liberty of a citizen is of paramount importance and the high court not expeditiously adjudicating matters related to it would deprive a person of this precious right. A bench of Justice B R Gavai and Justice Sandeep Mehta made the observation after noting that the Bombay High Court has granted bail to one Amol Vithal Vahile, a prime accused in the murder of a corporator in Maharashtra, after a nudge from the apex court on January 29. The bench, in its recent order, said it is thus clear that before the order was passed by this court on January 29, 2024, the high court instead of deciding the application for bail on merits shunted it on one or the other ground. «Needless to state that Article 21 of the Constitution of India is the soul of the Constitution as the liberty of a citizen is of paramount importance. Not deciding the matter pertaining to liberty of a citizen expeditiously and shunting away the matter on one or the other ground would deprive the party of their precious right guaranteed under Article 21 of the Constitution of India,» it said.

Bengaluru cafe blast: At least 9 individuals were injured following a low-intensity blast at the Rameshwaram Cafe in the Whitefield area of Bengaluru, Karnataka. The police have confirmed that it was an improvised explosive device (IED) blast and they have zeroed down on a suspect, who came for breakfast in the cafe and left his bag there, which contained the IED. Karnataka Deputy Chief Minister D K Shivakumar said on Saturday that the Rameshwaram Cafe blast is similar to explosions reported in Mangaluru in 2022.

Vivek Taneja also died after succumbing to assault injuries in Washington. Vivek Saini, another Indian student who had recently earned an MBA degree in the US and was hammered to death by a homeless drug addict in Georgia state’s Lithonia city Last month, an Indian student, Syed Mazahir Ali, faced a brutal attack in Chicago on February 4.

cricket matches each in this tournament so far. Both have won two and lost one. While both the teams have 3 points each, RCB are ahead in the Net Run Rate (NRR).

StockSelect recommendations was for Asian Paints. In April 2004, we advised Equitymaster subscribers to buy shares in this paint company. At that time, Asian Paints was beginning to feel the pinch of rising crude oil prices on its profit margins, facing stiff competition from rivals like Goodlass Nerolac, Berger Paints, and Sherwin Williams.

Women hold only 13% of senior roles in Indian media and entertainment industry: report Recognized as a pivotal date each year, International Women's Day serves as a cornerstone for celebrating women's accomplishments, amplifying discussions on gender equality, advocating for swifter progress towards parity, and mobilizing resources for women-centric initiatives. Since the early 1900s, International Women's Day has been observed, originating during a period of significant societal upheaval marked by rapid industrialization and the emergence of radical ideologies.

ICRB exam is a highly competitive examination conducted by the Indian Space Research Organisation (ISRO) to select scientists and engineers for various positions. In order to prepare for this exam, it is imperative to have a thorough understanding of the exam pattern and syllabus. Here is an overview of the exam: The ICRB exam is conducted annually and consists of two stages: a written exam and an interview. The written exam is divided into two parts: Part A and Part B. Part A comprises multiple-choice questions (MCQs) on technical knowledge, general awareness, and reasoning ability. On the other hand, Part B is a descriptive paper where candidates are required to write short essays on topics related to their field of expertise. Candidates who clear the written exam are then shortlisted for the interview round. The interview assesses the candidate's technical knowledge, communication skills, and suitability for the applied position. The syllabus for the ICRB exam may vary depending on the position applied for, but generally includes topics such as engineering mathematics, computer science, electronics, and mechanical engineering. Candidates are advised to refer to the official ISRO website for a detailed syllabus and exam pattern.

Indian Coast Guard (ICG) jetty at Vadinar in Gujarat's Devbhumi Dwarka district as a step towards augmenting infrastructure development in the ICG's strategically important North-West region. While inaugurating the jetty on Friday, the Union minister lauded the role played by the ICG in safeguarding national maritime interests in its areas of responsibility, an official release said. «The development of the jetty was undertaken by the Deendayal Port Authority (DPA) as a deposit work at a cost of Rs 74 crore,» the ICG said in the statement. On average, the headquarters deploys 10 to 12 ships and two to three aircraft daily for security, surveillance, and to keep constant vigil at sea, it said.

government has taken action in response to Google's delisting of certain applications from the Play Store by calling a meeting with the tech giant. Union Minister Ashwini Vaishnaw stated that the government strongly opposes the delisting of apps and will not allow it to happen. «Government takes strong view of Google delisting some apps from Play Store. We will not allow delisting of apps,» PTI quoted Vaishnaw as saying.

digitalization. This convergence forms the essential recipe for an economy poised to catapult into unprecedented growth and prosperity. The Indian economy stands on the cusp of explosive growth, being touted as the fastest-growing economy over the next 10 years and anticipated to become the third-largest economy by 2030. Thanks to advancements in technology, improvements in the standard of living, a surge in disposable income, and a general upswing in interest, financial awareness has become a prevalent topic of discussion recently. The principal drivers of Indian financial investments typically revolve around a few major asset classes: equities, real estate, gold and fixed income. Of these four, equity and FDs (as a proxy for fixed income) have been the financial market’s investment options. Historically, fixed deposits (FDs) have long been the go-to option for risk-averse investors seeking stability. For instance, as of March 2023, term deposits in India totalled $1.35 trillion, with individuals and Hindu Undivided Families (HUFs) accounting for 47.35% of the total, according to RBI data.

leap day i.e., on February 29, 2024, by processing 4.10 crore transactions, the highest ever in a day so far. The precise number was 4 crore 10 lakh sixty-one thousand three hundred and thirty-seven, announced Reserve Bank of India (RBI) on Friday. In the past ten years (i.e., between 2014 to 2023), National Electronic Funds Transfer and Real Time Gross Settlement systems registered growth of 700 per cent and 200 per cent, respectively in terms of volume.

Nifty 50 vs GDP of India: The key benchmark indices of the Indian stock market surged to a new high after India's Q3 GDP growth saw an impressive growth rate of 8.4% driven by robust manufacturing, highlighting the inherent strength and potential of our economy. However, the domestic equities got some support from the US Fed rate cut buzz as well after the easing of US inflation data that triggered profit booking in the currency market and the US dollar index came below the 104 level. According to stock market experts, Nifty 50 or Sensex or any other index of the Indian stock market grows two to two and a half times the GDP growth registered by the national economy.

Zomato and Swiggy depend on location services from satellites and the news you watch comes via satellite. India itself is looking at satellite broadband to deliver seamless connectivity in mountainous regions and on islands. Military communications are also heavily dependent on satellites.

PTI citing officials, the 270-km highway, the only all-weather road linking Kashmir with the rest of the country, was blocked at over half a dozen places between Nashri and Banihal. “The National Highways Authority of India (NHAI) have mobilised men and machines to clear the highway for one-way traffic," officials said.

Galaxy S24 FE could potentially make its debut later this year, with the exact timing remaining uncertain. Possibilities range from an unveiling alongside the new foldable devices at the Galaxy Unpacked event in July to a release following its predecessor's timeline in October. One notable revelation in the leak revolves around a potential adjustment in the display size.

Mukka Proteins IPO: Subscription for the initial public offering (IPO) of Mukka Proteins Limited opened on 29th February 2024 i.e. on Thursday last week. the public issue will remain open till 4th March 2024, which means the primary market investors have just one day in hand to apply for the public issue.

By Probhir Roy Chaudhary

The government has no immediate plan to reclassify the “affordable housing” segment, which is encouraged with interest subvention funded out of budget, a senior official from the ministry of housing and urban affairs (MoHUA) told FE.

Bajaj Allianz Life, one of the leading private life insurers, has launched the Bajaj Allianz Life Small Cap Quality Index Fund NFO which aims to leverage the growth opportunities in Small Cap Equities. The fund objective is to provide investors capital appreciation by investing in companies listed in the Nifty Small Cap 250 Quality 50 Index.