India Financial News

JN Tata Endowment (JNTE) for higher education abroad will continue to enjoy income-tax exemption, despite offering loan-scholarships for Indian students to study overseas, reported TOI. Founded in 1892 by Tata Group founder Jamsetji Tata, JNTE annually selects 90 to 100 students for merit-based loan scholarships. The scholarships span various disciplines, including applied sciences, management, and the arts, allowing students to pursue their studies outside India. As per JNTE’s official policy, scholars sign a seven-year agreement with the foundation, repaying the loan in five equal instalments between the third and seventh year. JNTE currently manages a corpus of Rs 200 crore.

lacklustre on Tuesday, August 27, as optimism about the start of the US rate cut cycle was clouded by persisting geopolitical tensions in the Middle East. Benchmark Nifty 50 closed at 25,017.75, up 7 points, or 0.03 per cent, while the Sensex settled 14 points, or 0.02 per cent, up at 81,711.76. However, the mid-and small-cap indices on the BSE rose about half a per cent each, lifting the overall market capitalisation of firms listed on the BSE to a record ₹463 lakh crore.

Heavy rains lashed Gujarat and created a flash-floods like situation in several parts of the state. Meanwhile, Surat received 4 cm of rain as per India Met Department and will continue to receive isolated heavy rainfall on Wednesday.

The shares of Paytm’s owner One97 Communications tumbled by almost 10% in intraday trading on Monday. The company rushed to clarify that it wasn’t under fresh regulatory scrutiny, but the payments platform had only the dismal optics of its own past actions to blame for taut nerves among investors. Although One97 has denied having received a new show-cause notice from the Securities and Exchange Board of India (Sebi), its 2021 issuance of employee stock options to founder-CEO Vijay Shekhar Sharma continues to haunt it, evidently.

IG Petrochemicals and 7 other companies are expected to be in focus today as they have set August 29 as the record date for determining shareholders eligible for dividend payments. This means today will be the last day to buy the shares of these companies in order to be able to qualify for the dividends announced by them.

The activist who took over a referendum campaign for Khalistan independence from slain Sikh temple leader Hardeep Singh Nijjar said police have warned him his life is in danger.

comedy series 'Acapulco' for a fourth season. This announcement follows the show's successful third season and its recognition with multiple Imagen Awards nominations.

One Piece Chapter 1125 is scheduled for September 8, 2024, following a delay due to Eiichiro Oda's break. This chapter may provide insights into ongoing events in the world of One Piece.

MH370 flight mystery has been surrounded by a number of claims and conspiracy theories. However, in spite of the searches, the missing plane couldn't be tracked. Now, an Australian researcher has claimed to detect what he called «perfect hiding place» for Malaysia Airlines MH370 flight. An adjunct researcher at the University of Tasmania Vincent Lyne has claimed that MH370 flight disappeared in the south-eastern Indian Ocean's 20,000ft-deep oceanic plateau «hole» — Broken Ridge. Malaysia Airlines plane MH370 flight with 239 on board went off the radar as the Boeing 777 aircraft flew over Vietnam's airspace during the scheduled journey to Beijing from Kuala Lumpur.

Indo Tech Transformers Ltd.(up 5.00%), Neueon Towers Ltd.(up 4.92%), Inox Wind Ltd.(up 3.31%), NTPC Ltd.(up 3.21%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), Gujarat Industries Power Company Ltd.(up 1.73%), KEC International Ltd.(up 1.69%), Jyoti Structures Ltd.(up 1.69%), JSW Energy Ltd.(up 1.67%) and Tata Power Company Ltd.(up 1.09%) stood among the top gainers.

Army personnel were killed and four others injured after a truck they were in fell into a deep gorge in Arunachal Pradesh's . The incident took place in Upper Subansiri district on Tuesday. A police officer said that all three soldiers died on the spot while four others were injured in the accident.

Bengaluru man’s ordinary Sunday morning took a remarkable turn when he unexpectedly ran into Zerodha co-founder Nikhil Kamath during a mushroom walk at Cubbon Park. Aymen Aslam, the founder of Klick Consulting, shared his experience on X, formerly known as Twitter, and his post has since gone viral.

Jannayak Janata Party (JJP) on Tuesday announced that it has entered into an alliance with Azad Samaj Party (Kanshi Ram) of Chandrashekhar Azad, its fourth ally since its inception in 2019. As per the agreement, JJP will contest on 70 seats while ASP (Kanshi Ram) on 20. With Jats-Dalits voting as one block in the 2024 Lok Sabha polls and their combined vote share accounting to more than 45%, all the main players in Haryana politics, including the Congress and Indian National Lok Dal, are looking to woo this section. These two communities — Jats with 25% vote share and SCs with 21% — backed the Congress in 2024 polls and increased its tally from zero in the 2019 elections to five seats in 2024.

Moran community and Hoolock Gibbons, India's only ape, in Barekuri village of Assam's Tinsukia district. The hoolock gibbons are «endangered,» according to the International Union for Conservation of Nature. They are found in eastern Bangladesh and northeastern Indian states like Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. In the 113th episode of his monthly 'Mann Ki Baat' programme, PM Modi described how the villagers have developed a deep connection with the gibbons, incorporating them into their traditions.

New Delhi: The government plans to launch a dedicated portal for land acquisition for coal mining, said two people aware of the development, citing the biggest pain point in India’s push for the fossil fuel. The coal ministry portal will digitize records in the land acquisition process, including approvals for acquisitions and disbursal of compensation to the displaced. "The land acquisition process will be completely digitized now with the 'Coal Land Acquisition and Management Portal, CLAMP'.

Paris for the 2024 Paralympic Games is how will the city get ready to welcome close to 300,000 people with special abilities who will be here to watch 4,400 athletes contesting across 23 disciplines spread over the next two weeks. Paris, unlike many other European cities, isn’t really friendly to the specially abled. To give a basic example, most metro stations still don’t have elevators, and some don’t have ramps and even toilets for the specially abled. Some of the venues—like the one used for beach volleyball, right in front of the Eiffel Tower—wasn’t meant for the specially abled during the Olympics that ended on August 11. However, its transformation has been amazing. The venue, which will now host blind football, looks completely different, having gone through a makeover. Adding to the comfort of the paraathletes, there are a lot more volunteers at the metro stations and ramps have come up at certain places.

Assam chief minister Himanta Biswa Sarma told the state assembly that he would not let Miya Muslims (Bengali-speaking Muslims) take over the state, triggering protests from the Congress which staged a walkout. These remarks come at a time when several organisations in Upper Assam have threated Muslims to leave the region following the alleged gang rape of a 14-year-old girl by three persons in Assam's Nagaon district. Speaking in the assembly on the Opposition's adjournment motion on several key issues, including rape of minors and the targeting of Muslims in Upper Assam's Sivasagar district, Sarma said, «I will take sides. What can you do? Will not let Miya Muslims take over Assam...Let them (the Opposition) compete for minority votes. I am not in the competition.» Harping on Opposition leaders Rafikul Sahab and Debabrata Saikia stating that Miya Muslims will move from Lower Assam, where they are present in significant numbers, to Upper Assam, Sarma said: «They have made an important statement… You Miya Muslims will take the entire lower Assam? We will not let you all take Upper Assam, not ever.»

Cummins India Ltd. gained 2.64 per cent to Rs 3922.1 at 11:37AM (IST) in Monday's trade. The stock has hit a high of Rs 3926.6 and low of Rs 3821.3 so far during the session. The stock had closed at Rs 3821.0 in the previous session. The counter has had a total traded volume of 7545 shares so far with a value of Rs 2.93 crore on the NSE. It traded at a price-to-earnings multiple of 59.43 and a price-to-book ratio of 12.61.

Volt Typhoon is exploiting a bug in a California-based startup to hack American and Indian internet companies, according to security researchers. Volt Typhoon has breached four US firms, including internet service providers, and another in India through a vulnerability in a Versa Networks server product, according to Lumen Technologies Inc's unit Black Lotus Labs. Their assessment, much of which was published in a blog post Tuesday, found with «moderate confidence» that Volt Typhoon was behind the breaches of unpatched Versa systems and said exploitation was likely ongoing. Versa, which makes software that manages network configurations and has attracted investment from Blackrock Inc and Sequoia Capital, announced the bug last week and offered a patch and other mitigations.

Unified Pension Scheme (UPS), set to provide an assured pension to 23 lakh eligible central government employees, will bring an additional financial burden of Rs 6,250 crore per year to the exchequer. The UPS, effective from April 1, 2025, will increase the government's contribution from the current 14 percent to 18.5 percent, reported PTI, quoting Union Minister Ashwini Vaishnaw. Despite the government's increased contribution, employees' contribution will remain unchanged at 10 percent of their basic salary. Additionally, employees retiring before March 31, 2025, under the National Pension System (NPS), will receive an arrear of Rs 800 crore if they opt for UPS. The scheme ensures a minimum pension of Rs 10,000 per month for those with at least 10 years of service. Moreover, it provides an assured family pension in the event of a pensioner's demise, with a provision for dearness relief linked to the All India Consumer Price Index for Industrial Workers (AICPI-IW).

Bharatiya Nyaya Sanhita liberates our democracy from the colonial mindset, and its basic spirit should be made as effective as possible. «Our country has changed rapidly in a decade. We have risen from the 10th position ten years ago to become the 5th largest economy in the world. Today, the dreams and aspirations of our countrymen are significant. It is important that we innovate according to the new India and modernize our systems. This 'Justice for All' is equally crucial. We are seeing how technology can play a significant role in our judicial system,» said PM Modi during the Platinum Jubilee celebrations of the Rajasthan High Court in Jodhpur. Modi said that justice is always simple and clear but sometimes the process makes it difficult and now it is our collective responsibility to make justice as simple and clear as possible.