India Financial News
22.10 / 08:43
markets
UPS
Provident
Digital
trends
Universities
Ramesh Damani has bought shares of this multibagger IT stock. Should you?
Subscribe to enjoy similar stories. Keeping up with the latest investing trends can be a real hassle for retail investors nowadays.With fast-moving trends, changing market conditions, and numerous industries to choose from, new investors have a lot to consider when building their portfolios. But in today's hyper-connected digital world, we have access to more data and insights than ever before. This has made ‘guru investing’ more popular than ever.
22.10 / 08:43
markets
Provident
Cooper
Food
Myanmar
DAL
Centre to resume sale of subsidised Bharat chana dal, battling food inflation
Subscribe to enjoy similar stories. New Delhi: The Centre is set to resume selling subsidised Bharat chana dal this week as part of its efforts to control accelerating food inflation and provide relief to consumers, two people aware of the matter said. “The pulse will now be available at ₹70 per kg, an increase of ₹10 from the previous price, the first person said.
22.10 / 08:43
markets
UPS
Provident
Analysis
wellness
Trade
show
Equities reign atop the league table of investment returns
Subscribe to enjoy similar stories. For any individual looking to invest, the challenge is to choose from different alternatives. The element of ‘noise’ is high in almost every avenue of investment, with contemporary developments able to swing the mood of investors and thus of the market at a moment’s notice.
22.10 / 08:43
UPS
Provident
Booking
Discover
electronic
fun
Best bookshelf tables: Discover the top 8 affordable and modern picks ideal for small spaces
Reasons to buyReasons to avoidThe LOTSPEK Children Bookshelf is a fun and colorful option for kids' rooms. With its library-style shelves, this bookshelf encourages kids to organize and display their books.
22.10 / 08:33
markets
Digital
Celebrity
performer
stage
International
Meghalaya all set to celebrate ‘Year of Legends,’ as Shillong Cherry Blossom Festival kicks off on November 15
Meghalaya is all set to celebrate the “Year of Legends” as the highly awaited Shillong Cherry Blossom Festival 2024 returns with a spectacular edition on November 15-16, at the RDSA Sports Complex in Shillong. The festival has become one of India’s most exciting cultural events, with a fusion of culture, music and nature. This year, it an unforgettable experience as it is going to offer not only the beauty of cherry blossoms but also, an extraordinary lineup of international musical sensations and homegrown stars. Day-1 of the festival will set the stage with a legendary musical experience. Festival Goers will be treated to performances by BONEY M as part of their Farewell Tour. This, is once-in-a-lifetime opportunity to witness the iconic band live. Joining them will be the soulful Jasleen Royal and international sensation Lucas.
22.10 / 08:33
markets
Digital
Manufacturing
Trade
Experts
War
PAM
India loses to rivals as US diverts trade from China, study says
US-China trade war have fallen short, according to a new study, with other Asian rivals benefiting to a much greater extent from escalating tensions between the world’s biggest economies. Between 2017 and 2023, India’s total share in US imports rose by 0.6 percentage points to 2.7% while mainland China’s portion dropped by around 8 percentage points to under 14%, according to Oxford Economics. The biggest beneficiary from the trade diversion in the region has been Vietnam, whose total share in US imports grew by 1.7 percentage points to 3.7% in the period. Taiwan and South Korea have also made greater strides than India, increasing their share of US imports by 1 percentage point and 0.7 percentage points, respectively, according to Oxford.
22.10 / 08:33
markets
Digital
Airlines
security
Experts
social
International
Airlines say all security protocols followed when International, domestic flights receive bomb threats
Air India received bomb threats for their international and domestic flights, on Monday night. After safely disembarking the customers, Indigo informed that they were working closely with the relevant authorities and standard operating procedures were being followed. Indigo, in its press release, announced that they received a security-related alert on nearly 10 flights including domestic and international. The flights that received the bomb threat are 6E 164 (domestic), 6E 75 (international), 6E 118 (domestic), 6E 67 (international), 6E 18 (international), 6E 83 (international), 6E 77 (international), 6E 12 (international), 6E 65 (international), 6E 63 (international). It must be noted that most of these international flights were bound for Jeddah in Saudi Arabia or bound for India from Istanbul in Turkey.
22.10 / 08:33
markets
Analysis
Research
Trade
Experts
show
Commentary
GAIL shares drop 2.39% as Sensex falls
GAIL (India) Ltd. traded 2.39 per cent down at Rs 214.3 at 01:44PM (IST) on Tuesday, even as BSE benchmark Sensex dropped 537.45 points to 80613.82. The scrip had closed at Rs 219.55 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 246.35 and Rs 116.2, respectively.
22.10 / 08:33
markets
Digital
Gap
Experts
PAM
reports
guidelines
Regulatory changes set to slow gold loan growth: CRISIL report
gold loan growth. The lenders will have to revisit policies and processes to ensure compliance, it said. The Reserve Bank of India (RBI) recently flagged certain irregular practices in the loan against the gold jewellery space and asked lenders to comprehensively review their policies, processes and practices to identify gaps and initiate remedial measures in a timebound manner. This could potentially impact gold loan disbursements during the transition phase and curb growth in the business. The circular is addressed to the supervised entities (SEs) of the RBI — all commercial banks, including small finance banks, primary (urban) co-operative banks and non-banking financial companies (NBFCs). Some areas highlighted in the circular of deficiencies in the monitoring of the loan-to-value (LTV) ratio, asset classification norms for overdue loan accounts, and inadequate due diligence in monitoring the end-use of gold loans among others.
22.10 / 08:19
markets
WhatsApp
country
Oil minister Hardeep Singh Puri hopes global oil prices will come down
Minister of Petroleum and Natural Gas of India Hardeep Singh Puri hopes that global oil prices will come down despite geopolitical tensions as more supplies are coming into the market. There is no shortage of oil in the world as more supplies are coming into the market from countries such as Brazil and Guyana, Hardeep Singh Puri said on Tuesday. «Prices should hopefully come down, and that's my personal opinion,» he said.
22.10 / 08:19
markets
Extreme
Strategy
BAY
Experts
Department
Schools
Heading to Puri? Check IMD's latest update on cyclone Dana that is slated to hit coast in 48 hours
Cyclone Dana is likely to make landfall between north Odisha and West Bengal coasts between Puri and Sagar Islands, the India Meteorological Department (IMD) has said. The low-pressure area developed over the east-central Bay of Bengal and adjoining the north Andaman Sea is likely to intensify into a depression by October 22 morning. «The depression over Eastcentral Bay of Bengal moved west-northwestwards with a speed of 6 kmph during past 3 hours and lay centred at 0830 hrs IST of today, the 22nd October, over the same region near latitude 15.5° N and longitude 91.0°E, about 700 km southeast of Paradip (Odisha), 750 km south-southeast of Sagar Island (West Bengal) and 730 km south-southeast of Khepupara (Bangladesh),» the IMD said in its latest weather bulletin. «It is very likely to move west-northwestwards and intensify into a cyclonic storm by 23rd October, 2024 over eastcentral Bay of Bengal. Thereafter, continuing to move northwestwards, it is very likely to intensify into a severe cyclonic storm over northwest Bay of Bengal by morning of 24th and cross north Odisha and West Bengal coasts between Puri and Sagar Island during night of 24th and morning of 25th October, 2024 as a severe Cyclonic Storm with a wind speed of 100-110 kmph gusting 120 kmph,» it added.
22.10 / 08:19
markets
CEO
Sustainability
Southern
Experts
social
consequences
Zoho CEO Sridhar Vembu sounds alarm over alcohol addiction in rural India, calls for 'mass movement'
Sridhar Vembu, CEO of Zoho, recently took to social media to highlight the devastating impact of alcohol addiction on families in rural India, particularly in the southern regions. Through a video post, Vembu shared the story of a sanitation worker in Tenkasi who is struggling to support her family while grappling with the consequences of her sons' alcohol addiction. Her plight, Vembu noted, is representative of the many women he encounters during his travels across rural areas. These women, often the primary breadwinners, are burdened with the stress of sustaining their families in the face of addiction and neglect. Vembu emphasized the need for a mass movement to address alcohol abuse, warning that many women are at a breaking point. «We need a mass movement against alcohol — these women are reaching a breaking point,» he said in a post.
22.10 / 08:19
markets
Digital
Allianz
Trade
Experts
PAM
reports
Allianz considering an exit from Bajaj insurance JVs
Bajaj Finserv on Tuesday said that German company Allianz SE is actively considering to exit from the life and general insurance joint ventures (JV) with Bajaj Group, ending a partnership of over two decades. Bajaj Finserv holds a 74 per cent stake in the JV. It's shares were trading at Rs 1744.05 apiece on the BSE, down 0.85 per cent. Allianz, which holds the remaining 26%, has indicated its strategic priorities have shifted, prompting the potential exit.
22.10 / 08:19
markets
IPO
Strategy
Hyundai
Trade
Experts
Hyundai Motor India lists with record IPO, commits to Indian market with new tech and EV plans
Hyundai Motor India (HMIL), which listed on the bourses Tuesday with the country’s largest initial public offering, said it will continue to invest in the Indian market to expand capacity, deepen localisation and bring in new technologies that would include the launch of multiple electric vehicles to create value for shareholders. Speaking at the listing ceremony at the National Stock Exchange (NSE), Euisin Chung, Executive Chairman, Hyundai Motor Company, held the IPO shows that HMIL is a “key part of India”. This is the first IPO for a unit of the South Korean automaker outside South Korea. “As we move forward, HMIL will continue to embrace the highest standards in governance. Through its board of directors, HMIL will make prudent, transparent and timely decisions. Also, our commitment to localization will continue, based on the spirit of collaboration and shared growth. Our commitment to being a pioneer in future technologies will continue as well — right here in India”, Chung said.
22.10 / 08:19
markets
Provident
Strategy
Experts
country
2020
strain
China officially confirms pact with India to bring Ladakh border standoff to an end
The conflict at the border had significantly strained relations between the two countries, especially following a fierce clash in the Galwan Valley in June 2020, which was the most serious military conflict between China and India in decades. China spokesperson Lin Jian said during a media briefing that both nations have been in close communication through diplomatic and military channels regarding issues at the China-India border.
22.10 / 07:19
markets
UPS
Citi
Digital
Food
Trade
Varun Bev's chief optimistic of Indian market over 'growing consumption class'
Varun Beverages, India's largest bottling company, has remained confident of Indian market because of growing consumption class and evolving consumer preferences after it released Q3 & 9M CY2024 financial result. «The Indian market, with its growing consumption class and evolving consumer preferences, continues to offer immense opportunities,» said Ravi Jaipuria, Chairman, Varun Beverages Limited. Shares of the Varun Beverages Ltd. traded at Rs 583.15 on BSE at 12:22PM (IST) on Tuesday, up 0.85 per cent.
22.10 / 07:09
markets
Citi
Strategy
wellness
rights
International
Logistics startup Porter eyes more small cities for growth
Subscribe to enjoy similar stories. Bengaluru-based logistics startup Porter is looking to double its domestic geographical presence in the next 3-4 years, even as it seeks to expand its international operations beyond Dubai, a market it entered last year. The company, which is currently present in about 22 cities, including 7-8 metro cities, is looking to expand to nearly 40 cities in the coming years, Uttam Digga, co-founder and CEO of Porter, told Mint.
22.10 / 07:09
UPS
Citi
Election
Healthcare
trends
India’s freebie paradox: Voters dislike it but want some things for free
Subscribe to enjoy similar stories. Most urban Indians look down upon electoral promises of free goods and services, or “freebies", but that does not stop them from wanting some amenities for free (health and education) or at subsidized rates (gas cylinders and electricity), especially among those higher up the income ladder. That’s a key finding from the latest round of the YouGov-Mint-CPR Millennial Survey, held in July against the backdrop of a trend of election campaigns focusing on the freebies culture in politics.
22.10 / 06:01
markets
FIVE
Cooper
President
country
International
President Xi Jinping leaves for Kazan to attend BRICS summit
Xi Jinping on Tuesday left for Russia to attend the BRICS summit where he is expected to meet leaders of the member countries, including Prime Minister Narendra Modi on the sidelines. Xi will articulate China's vision for «greater cooperation» of the BRICS bloc, which has now expanded to 10 members, and «open a new era for the Global South to seek strength through solidarity» at the three day summit. The summit of Brazil, Russia, India, China and South Africa (BRICS), which now has expanded with five additional members Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE, is being held in the Russian city of Kazan, about 900 km east of Moscow, from October 22 to 24. Xi left Beijing for the 16th BRICS Summit in Kazan at the invitation of Russian President Vladimir Putin, state-run Xinhua news agency reported.
22.10 / 06:01
markets
Analysis
Southern
trends
Trade
Experts
orienteering
Southern cement sector poised for growth amid industry consolidation: Rakesh Arora
«And with this acquisition of India Cements by UltraTech and now Orient by Ambuja Cement, it is getting to the levels where the other regions are. So, very positive for the southern cement companies and also on India Cements,» says Rakesh Arora, Go India Stocks Just talking about now this value at 10,400 crores, given that it has now the third largest position in the South, what do you make of this further consolidation within the cement sector? Rakesh Arora: You have two large players who are trying to gain market share and consolidation has been going on pretty strongly. And I think this is the right step for the industry, especially South India has been highly fragmented. In other regions, the top five players have 80% capacity share. In South India, it was closer to 50%. And with this acquisition of India Cements by UltraTech and now Orient by Ambuja Cement, it is getting to the levels where the other regions are. So, very positive for the southern cement companies and also on India Cements.
22.10 / 06:01
markets
Strategy
Food
Refugees
Experts
medicines
India sends humanitarian aid to Palestine; consignment comprises 30 tons of essential items
This initial consignment comprises 30 tons of essential items, including medicines, surgical supplies, dental products, general medical items, and high-energy biscuits, which will be distributed through the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA). Sharing a post on X, Randhir Jaiswal, the official spokesperson of the Ministry of External Affairs wrote, «India sends humanitarian assistance for the people of Palestine through UNRWA.»
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