India Financial News

29.08 / 07:54

MET Aware Action Strategy Election Smriti Irani praises Rahul Gandhi? Says his politics is changing, not childish, points tactics like white t-shirt, Miss India comments

Smriti Irani shared her insights on Congress leader Rahul Gandhi's evolving political strategies. She suggested that Gandhi believes he has «tasted success» and is now engaging in a different style of political maneuvering. Irani pointed out that when Gandhi discusses caste issues or appears in Parliament wearing a white T-shirt, he is fully aware of the message it conveys to the youth.

29.08 / 07:50

WhatsApp Hurun's Richest Indians list: Kaivalya Vohra is the youngest. Check full list

richest Indians for 2024, and the youngest on the list is Zepto founder Kaivalya Vohra. At 21, Kaivalya Vohra is the youngest in the list of richest Indians, followed by Zepto's co-founder Aadit Palicha, who at 22 is just one year older than him. According to the list, Vohra has a net worth of Rs 3,600 crore, while Palicha's net worth is Rs 4,300 crore.

29.08 / 07:45

markets COST UPS Research Healthcare performer Features AI-powered humanoid robots in India are coming of age

₹2.5 lakh with some components sourced from the dump yard of our mechanical engineering department," Piyush Khanna, a robotics student at KIET, told Mint. In comparison, a polished and sophisticated robot like Sophia would cost anywhere upwards of ₹25 lakh. "Anushka is still being tested.

29.08 / 07:44

markets economy wellness Cycling Indus show reports Should investors expect big bang announcements in Reliance AGM? Sushil Choksey answers

«So, the cash cow of the company has always been the O2C division, along with gas currently, and they have well supported the retail and telecom to the growth path where we stand today on both the businesses,» says Sushil Choksey, Director, Indus Equity Advisors. How many Reliance AGMs have you tracked so far? Sushil Choksey: I am familiar with the company since listing. But how many AGMs you could have attended, that I do not recall. But initial years when there were physical AGMs, I would have attended most of them.

29.08 / 07:40

Provident Strategy show performer track information Here's how you can read different mutual fund ratios when picking a fund

measures a funds risk adjusted returns and shows how much risk a fund manager takes to deliver a return. A higher sharpe ratio means a fund manager is able to deliver better risk-adjust return. But compare these ratios with other funds in the same category to ensure the comparison is like-to-like.

29.08 / 07:39

markets Citi Provident CEO security Metro trends Urban Vault leases 1 lakh sq ft of prime office space in Brigade Summit, Whitefield, Bengaluru

Urban Vault, a managed co-working firm, has leased 100,000 sq ft of office space at Brigade Summit, a mixed-use project by Brigade Group in Whitefield, Bengaluru as the firm plans to expand the business to meet the increasing demand for managed workspaces. The new facility will include more than 2,000 desks and will see Urban Vault—a self-funded, bottom-line-driven company enter the Whitefield micro market that is witnessing many flexible operators expand operation. «The demand for prime office space has significantly revived. Large and medium-sized corporations are now preferring hassle-free managed office space from operators,» Urban Vault, Co-founder and CEO, Amal Mishra said.

29.08 / 07:38

UPS Citi FIVE Research show reports India minting 1 billionaire every 5 days, total count crosses triple century

billionaire every five days in the last one year and took the total count of US dollar billionaires to cross the triple-century mark for the first time. The 2024 Hurun India Rich List shows that India now has 334 billionaires by adding 75 compared to the last year.

29.08 / 07:36

Citi WhatsApp Research country Mumbai surpasses Beijing to become the billionaire capital of Asia

Mumbai has become the 'billionaire capital' of Asia as it now comprises of more billionaire individuals than China's cpital city of Beijing, according to the Hurun India rich list 2024. «Home to 25% of the list – Mumbai is not only the billionaire capital of Asia, overtaking Beijing but also the preferred city for Hurun India Rich Listers, followed by New Delhi and Hyderabad,» the Hurun list data stated. Beyond this, Mumbai also registered a net increase of 58 billionaire individuals, adding to its growth momentum, the Hurun data revealed. This was followed by New Delhi, which added 18 new billionaires.

29.08 / 07:28

Target Remark love Justice country Like Kim Jong-Un, she can't tolerate her opposition: BJP's Giriraj Singh reacts to CM Mamata's remarks

West Bengal CM Mamata Banerjee's «If you burn Bengal, Assam, North-East, Uttar Pradesh, Bihar, Jharkhand, Odisha, and Delhi too shall burn!» remarks, Union Minister Giriraj Singh on Thursday compared Mamata Banerjee to North Korea' Supreme Leader Kim Jong-Un and said Mamata can't tolerate her opposition similar to him. Taking the reaction further, Singh said that this can't be the language of a democratic person. On West Bengal CM Mamata Banerjee's speech, Union Minister Giriraj Singh said, «This can't be the language of a democratic person, of a Chief Minister. North Korean leader Kim Jong-Un doesn't tolerate his Opposition. Similarly, Mamata Banerjee doesn't tolerate the words of her Opposition.»

29.08 / 07:20

markets UPS Provident Target performer beautiful reports JM Financial raises Nykaa's target price to Rs 250 on growth prospects and profitability improvements

JM Financial has reiterated its 'Buy' rating on Nykaa and revised its target price to Rs 250, suggesting an upside potential of 15% from the previous day's closing price of Rs 217. The revision is driven by Nykaa’s robust performance in FY24 and its strategic positioning in key market segments. JM Financial states, “Nykaa’s strong performance in its FY24 Annual Report and its strategic positioning across key market segments provide a solid foundation for future growth.” The brokerage’s optimism is based on Nykaa's robust market share and its potential to benefit from rising consumer spending in the beauty and fashion segments.

29.08 / 07:09

security Strategy WhatsApp country reports boating India to commission its second nuclear submarine today; here's all you need to know about INS Arighat

Indian Navy is set to commission its second nuclear submarine, with the 112-metre-long INS Arihant to be launched out of Visakhapatnam on Thursday by Defence Minister Rajnath Singh. Top military officials are set to be present at the inaugration of the submarine, with the nuclear-powered machine set to join INS Arihant as part of the country's 'nuclear triad,' strengthening India's ability to fire nukes from the air, land and the sea. Armed with K-15 missiles — that are nuclear-tipped and have a range of 750 kilometres — the 6,000-tonne submarine became 'fully ready' earlier in August, following extensive trials and upgrades.

29.08 / 07:06

Strategy pandemic Refugees country 2020 reports Canada ends policy allowing visitor visa holders to apply for work permits from within the country

The policy was introduced in August 2020 to assist visitors in Canada who were unable to return home because of border closures related to the COVID-19 pandemic. Under the policy, they could apply for a work permit without having to leave Canada. Also, anyone who had held a work permit within the preceding 12 months but had changed their immigrations status to “visitor” became eligible to “work legally in Canada while waiting for a decision on their new work permit application.”

29.08 / 06:35

UPS Digital Entertainment stars rights cricket TV18, Network 18 shares surge up to 13% on CCI approval of RIL-Disney merger

TV18 Broadcast and Network18 Media and Investments surged up to 13% to their respective day’s high of Rs 54.26 and Rs 106 on BSE after the Competition Commission of India (CCI) approved the merger between Reliance Industries-promoted Viacom18 and Walt Disney-owned Star India. The shares of TV18 Broadcast rose 13.2% while those of Network18 Media surged 10%.

29.08 / 06:34

markets UPS Strategy Research wellness Trade rights How you can avoid the fate of most retail option traders

substantial increase in lot sizes. Over time, this may become a market for deep-pocketed investors, those who can afford to take some big risks. So, why do retail traders usually lose money trading options? Why does that not happen with stocks? Well, it’s because stocks are simple, relative to options.

29.08 / 06:21

Action Cycling Courts Sporting badminton archery India at Paralympics, Day 1 schedule: Action-packed day for Indian para shuttlers and para archers in Paris

2024 Paralympics, with multiple events scheduled across various sports on the first day. The day kicks off with para badminton, where Palak Kohli and Suhas Yathiraj will face off against Nitesh Kumar and Thulasamithi Murugesan in the mixed doubles category at 12:00 PM IST. Following this, Sivarajan Solaimalai and Nithya Sre Sivan will take the court at 12:40 PM IST. As the afternoon unfolds, attention will shift to the Women's Singles events. Manasi Joshi, competing in the SL3 category, and Mandeep Kaur in the general Women's Singles, both have matches scheduled for 2:00 PM IST.

29.08 / 06:16

UPS Provident Target FIVE Booking reports PFC, REC shares up 3% after UBS initiates coverage on the 2 PSU stocks

REC rallied 2% to Rs 552.35 and 3% to Rs 636.15, respectively, as global brokerage UBS initiated coverage on the stocks, viewing them as key financiers for high-growth renewable power generation and infrastructure capex. UBS has given both stocks a buy rating, with a target price of Rs 670 for PFC and Rs 720 for REC.

29.08 / 06:10

markets Reuters Entertainment Sony rights cricket Sporting What were CCI's concerns over Disney-Reliance deal

Walt Disney Co and Reliance Industries won approval from the Competition Commission of India (CCI) on Wednesday for an $8.5 billion merger of their Indian media assets after offering concessions relating to their grip on broadcasting rights for cricket, India's favourite sport. Here are the key points raised in the CCI's initial assessment, according to a confidential letter sent to the companies on Aug. 19 and reviewed by Reuters: MARKET POSITION

29.08 / 05:16

markets UPS Micron Trade Updates orienteering Stock market update: Mining stocks down as market rises

Pokarna Ltd.(up 10.80%) and Sandur Manganese & Iron Ores Ltd.(up 0.55%) were among the top gainers.

29.08 / 05:02

security Mobile Inside reports Videos Investigations International Darshan prison smoking photo leak: How an internal rivalry led to the expose

29.08 / 04:34

UPS War outbreak 2020 testing medicines Courts Ayurvedic medicines mustn’t get a free pass on advertising

The outbreak of covid in 2020 sparked a global war against a deadly new virus. Away from the spotlight, it also triggered a grand domestic battle between advocates of allopathy and Ayurveda. The trigger was Patanjali Ayurved’s quick launch of Coronil, a purported ‘cure for corona’ that drew public attention to dodgy claims and protests from allopathic doctors.

29.08 / 04:17

Provident Platform security Strategy wellness track Here is what to keep in mind when investing with a new fund house

MUMBAI: Capitalmind, a PMS (portfolio management services) provider, became the latest entity to receive the Securities and Exchange Board of India's (Sebi's) in-principle approval to launch a fund house. Once launched, it will be India's 45th fund house.

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