Country Financial News
31.08 / 08:45
Fighting
country
BJP slams INDIA bloc as 'selfish alliance' aimed at promoting interests of some families
BJP on Thursday slammed the opposition INDIA bloc as a «selfish alliance» aimed at promoting and protecting the interests of families at the helm of its member parties. With 28 opposition parties meeting in Mumbai to give concrete shape to their agenda against the BJP, the ruling party's spokesperson Sambit Patra said the Congress' «missile» will never launch as it has no fuel. The BJP's Chandrayaan will successfully land for a third time in the 2024 Lok Sabha polls as it is fuelled by development, he told reporters, drawing an analogy with the country's historic lunar exploration mission. «The CMP (common minimum programme) being discussed in the INDIA alliance is, in fact, all about having „corruption's maximum profit“ as all these parties together represent scams worth over Rs 20 lakh crore,» he alleged. Their other aim is to deliver a blow to the stable and pro-development dispensation running under Prime Minister Narendra Modi's leadership, he added. Patra said the opposition's attempt to come together is a game of musical chairs and that these parties engage before every election against the BJP even though their own alliance is marked by mutual fight and one-upmanship over who will be the prime ministerial face. This «ghamandia alliance» is a selfish grouping, he said, alleging that leaders like Sonia Gandhi and Lalu Prasad Yadav are more likely to be driven by the future of their children in politics than the country's development. Their goal is «maximum parivarvaad», he claimed.
31.08 / 07:39
UPS
Lowe's
Enterprise
country
Vinit Bolinjkar sees conspiracy behind Soros attack on Adani group; picks 3 stocks to buy on dips
Vinit Bolinjkar, Head of Research, Ventura Securities, says “the stock that needs to be bought definitely is Adani Ports, Adani Enterprises, followed by Adani Energy Solutions. My reasoning for these three stocks to be picked up is very simple. Adani Ports is clearly a trade on India's burgeoning exports, especially since China is collapsing. We have already become the fifth largest exporter globally and we are on the threshold of accelerating our exports. Also, the stock has got significant margins, EBITDA margins are one of the best in the world.”Should markets dismiss this new set of allegations against the Adani Group?See, it is actually one A and one B of the same news.
31.08 / 07:23
31.08 / 07:23
UPS
Action
MCD
country
G20 Summit: 'Shivling-shaped' fountains in Delhi sparks ‘blame game’ row between BJP-AAP
G20 Summit and India's Presidency: Date, Logo, Venue, Theme, how does it work and more | FAQs In contrast to her tweet, AAP MP Sanjay Singh has accused Delhi Lieutenant Governor (L-G) VK Saxena of disrespecting Shivlings'. Moreover, in the tweet, he also demanded an apology from the BJP and said that action should be taken against the Delhi LG. In a tweet on X, Sanjay Singh wrote, “Shivling was insulted under the leadership of Modi ji and shameless BJP people are praising Modi.
31.08 / 06:45
Provident
Platform
awards
country
social
Portal
Financial
Traders Union becomes the Most Comprehensive Portal in the financial markets
financial markets since 2010. It was founded by a team of passionate analysts, financiers and active traders who wanted to share their experience and knowledge with others. The company does not stand still and is working to expand the quality of services, and the choice of available materials.
31.08 / 06:23
Provident
BLOCK
Digital
Fighting
Entertainment
country
Returns
Garena’s Free Fire returns to India in new avatar after February 2022 block
Garena on Thursday announced the relaunch of Free Fire India, an Indian version of its popular battle royale game Free Fire, over a year and a half after it was blocked. The Sea Ltd-owned game has been relaunched just a few months after the most popular game in the Indian esports ecosystem, Krafton’s Battlegrounds Mobile India (BGMI), returned from a government block on a three-month trial basis late in May. BGMI had roughly 100 million registered users in the country pre-block. Free Fire, a battle royale game where multiple players fight each other in a set location to “survive”, was one of the most popular online games in India before it was blocked, according to executives in the gaming industry. Garena is employing servers run by Yotta, a unit of the Hiranandani group, to provide cloud hosting and data storage services, the firm said in a statement.
31.08 / 06:23
UPS
Provident
Target
Digital
Indus
country
Fibre rollout pace jumps 6-fold since 5G launch; still trails target, global markets
optical fibre in the country has increased six-fold since the launch of 5G services last October to 101, 550 kilometers a month from the average 16, 712 kms in the lead up to the roll out of services based on the next gen technology. Despite this, fibre penetration to telecom towers, which is critical for effective 5G services, in India is 38.44%, significantly lagging the 70% tower fiberisation target set by the government and lower than developed markets where 5G has been launched, experts said. “The 5G rollout has had a significant impact on the pace of digital and telecom infrastructure development in India,” TR Dua, director general, Digital Infrastructure Providers Association of India (DIPA) told ET. The total length of optical fibre laid out as on June 30, 2023 was 3,726,577 kms, as compared to 2,812,627 kms as on September 2022 end, according to data provided by DIPA. While tower fiberisation has picked up pace since the rollout of 5G, industry executives are in consensus that fibre penetration needs to ramp up significantly to be able to reap the full benefits of 5G services. Tower fiberisation is critical to 5G services as it helps provide full utilisation of network capacity and carry large amounts of data once 5G services are rolled out. “With growing data demand and emerging technologies like Industry 4.0, constant network expansion and robust 5G connectivity will be crucial, presenting a significant opportunity for (companies like) Indus Towers,” Prachur Shah, managing director and chief executive, Indus Towers, India’s largest tower company, said. Before 5G rollout, fibre penetration was at around 35% and has now moved to around 38.44% according to data provided by DIPA.
31.08 / 05:53
Provident
Digital
CEO
Platform
Align
country
audience
ad
Network18 partners ad-supported TV app DistroTV to stream live channels in India
Media company Network18 and DistroTV, an independent, free, ad-supported streaming TV (FAST) platform, have announced a partnership, which will enable DistroTV users in India to stream Network18’s portfolio of channels live and for free. In its initial phase, the partnership has seen the launch of Network18’s channels such as CNN-News18, News18 India, CNBC TV18 and CNBC Awaaz on the platform.
31.08 / 05:53
COST
UPS
Provident
Target
Diablo
Celebrity
country
Power
America aims for nuclear-power renaissance
sprawl across landscapes and attract legal challenges from groups with other ideas on how the land should be used. The need to limit greenhouse-gas emissions has spurred liberals, historically wary of nuclear’s toxic-waste problem, to rethink their stance. In America 46% of Democrats favour using nuclear energy for electricity, the highest proportion in a decade.
31.08 / 05:53
Provident
PINK
Discover
Glacier
country
exclusive
BGMI redeem codes for Aug 31, 2023: Unlock exciting rewards and free gifts!
Battlegrounds Mobile India) quickly rose to prominence in India after the ban on PUBG Mobile. Despite facing its own ban, the Indian government decided to allow BGMI back into the country with certain modifications around 10 months ago. Similar to other popular battle royale titles like Garena Free Fire, BGMI developers regularly release redeem codes that grant players access to a wide range of enticing rewards and freebies.
31.08 / 05:53
Citi
Provident
Aware
Platform
Strategy
performer
country
Indian
Exploring the Lucrative Prospects of Real Estate Crowdfunding for Indian Investors
Mumbai (Maharashtra) [India], August 29: As the investment landscape continues to evolve, Indian investors are seeking new avenues to diversify their portfolios and capitalize on emerging opportunities. In this pursuit, real estate crowdfunding has emerged as a dynamic and potentially lucrative investment avenue.
31.08 / 05:33
MET
Reuters
Cooper
Aware
country
China's Xi Jinping likely to skip G20 summit in India: Sources
Xi Jinping is likely to skip a summit of G20 leaders in India next week, sources familiar with the matter in India and China told Reuters. Two Indian officials, one diplomat based in China and one official working for the government of another G20 country said Premier Li Qiang is expected to represent Beijing at the Sept. 9-10 meeting in New Delhi. Spokespersons for the Indian and Chinese foreign ministries did not respond to requests for comment. The summit in India had been viewed as a venue at which Xi may meet with U.S.
31.08 / 05:33
COST
Lowe's
Cooper
Align
country
BRICS+ and changing global alliances: A step towards exploring new currency ideas and challenges
BRICS intensified discussions on expansion and a common currency. Originally comprising Brazil, Russia, India, and China, BRICS was coined by Goldman Sachs in the 1990s to encourage investment in emerging economies. South Africa, the first non-original member, aptly led a summit centered on group expansion.BRICS expanded its wings: The BRICS meeting concluded, and the good news is that they are happy to shake hands with 6 more countries- Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates (UAE). Currently, the core BRICS countries control around 23% of global exports and 19% of global imports, and the new members would add 3.7% and 3.0% respectively, with Saudi Arabia being the biggest individual new member in terms of exports and the UAE the biggest new importer. What BRICS+ have now? This alliance includes six leading crude oil producers—Saudi Arabia, Russia, China, UAE, and Iran—yielding substantial energy and geopolitical influence. It unites three top African economies—Egypt, South Africa, and Ethiopia—and South America's key players, Brazil, and Argentina. Strikingly, this coalition bridges the divide between ideological rivals: Sunni-majority Saudi Arabia and Shia-majority Iran. With a diverse mix of economic, energy, and political dynamics, this alignment reflects a complex global landscape where nations with disparate interests find common ground, underscoring the intricate interconnectedness shaping today's international relations. Saudi Arabia, China, Russia, India, and other nations have rapidly bolstered trade and relations.
31.08 / 05:33
UPS
IPO
Provident
Booking
AXY
country
REC
Bhel, PFC, REC can trade much higher; ICICI, Axis can give 20-25% return over next year: Chakri Lokapriya
Chakri Lokapriya, CIO & MD, TCG AMC, says “just like Bhel is going through a new lease of life, so is PFC and REC. I remember participating as an anchor investor in IPOs of these companies and they were priced at one-and-a-half times book then. Today, they trade at less than 0.7 times book, half the valuation. Now, with the growth rates exceeding what it did in the past, it is just a matter of time before the stock even trades closer to its book value and higher, which means there is still a lot more upside from current levels.”We were looking at the streak of order wins from a company like Bhel and that has been pretty phenomenal since the start of the year. Just recently, they bagged a fairly sizable order in their kitty. What would be your outlook given that for the longest period of time, this was one of the slowest moving stocks? What is your view on Bhel? Bhel has got a new lease of life with a renewed interest in power and India has always been a power-deficient country, but now it is a combination of both thermal and green energy.
31.08 / 05:23
UPS
Target
Waters
Compilation
country
Japan's PM visits fish market, vows to help fisheries hit by China ban over Fukushima water release
Japan’s Prime Minister Fumio Kishida has sampled seafood and talked to workers at Tokyo’s Toyosu fish market on a visit to assess the impact of China’s ban on Japanese seafood in reaction to the release of wastewater from the Fukushima Daiichi plant
31.08 / 04:51
UPS
IPO
Booking
country
Premium
Bumper Debut! Aeroflex Industries shares list at 83% premium over IPO price
Aeroflex Industries debuted at a strong premium of 82.8% at Rs 197.4 on BSE in Thursday's trade over the IPO price of Rs 108. On NSE, the stock listed at Rs 190, up 76% over the issue price. Ahead of the listing, the shares commanded a premium of Rs 65 in the unlisted market. The IPO of Aeroflex Industries saw a robust response, driven by healthy demand across categories.
31.08 / 04:27
country
medicines
Decoded: How India makes affordable drugs for developed world, but ‘deadly’ medicines for developing countries
The reputation of India’s pharmaceutical industry is now truly at stake with the World Health Organization and the US Food and Drug Administration raising red flags on medicines made in the country.The World Health Organization (WHO) this month issued an alert after a batch of cough syrup made by Fourrts (India) Laboratories and sold in Iraq was found to have unacceptable levels of contaminants.
31.08 / 04:27
UPS
FIVE
Digital
Entertainment
stage
country
Don’t know how sustainable are the price rises in chemicals: Deepak Shenoy
Deepak Shenoy, Founder, Capital Mind, says: “We have just been adding very little churn these days. Markets have been kind. But I am looking forward to a couple of more sectors. There seems to be a turnaround in textiles. There seems to be something happening, early stages happening in chemicals so looking forward to some of that. We may end up replacing some of our stocks if we see a three to five-year trend.”What has been your last purchase in this market and where are you looking at exiting completely because you think the valuation or the template is now shaky?We generally do not get out on just valuation alone; the business has to have some kind of a negative trigger going forward.
31.08 / 04:15
Reuters
country
Updates
India Q1 GDP Growth Live Updates: India’s Q1 GDP growth likely to be at one-year high of 7.7%
Read hereThe Reserve Bank of India (RBI) Governor Shaktikanta Das-led rate-setting panel, Monetary Policy Committee (MPC), projected India's real GDP growth for FY 2023-24 at 6.5% with Q1 growth rate at 8%. According to economists who participated in a poll conducted by news agency Reuters, GDP growth is expected to beat the January-March quarter's 6.1% rate, with forecasts ranging from 5.6% to 9.1% range.Economists see the country's economic growth at a four-quarter high with the GDP estimated in the range of 7.8-8.5% in Q1FY24, almost in sync with the projection by the Reserve Bank of India (RBI) at its latest bi-monthly monetary policy committee (MPC).
31.08 / 04:15
Celebrity
country
Parents in Karnataka name newborns 'Vikram' and 'Pragyan' to celebrate Chandrayaan-3 success
Chandrayaan-3: ISRO says Pragyan rover travels 15 metres, captures snap of Vikram lander Although the babies were born much before Cahndrayaan-3's mission, the parents decided to rename them after Chandrayaan-3's lander and rover's names to commemorate the historic success. Balappa and Nagamma’s baby boy was born on July 28 and was named Vikram, whereas Ningappa and Shivamma’s baby was born on August 14 and was named Pragyan. The naming ceremony of both the kids was held on the same day on August 24, a day after ISRO announced the success of the lunar mission.
31.08 / 04:15
UPS
Merit
Racing
country
Mumbai
'Decision on seat sharing will be taken as per…': Congress leader ahead of INDIA bloc meet in Mumbai
Alliance (INDIA) will be done as per the merit of the parties in different states. Further adding, he said that the discussion on this will be held in upcoming meetings. While speaking to news agency ANI, Nana Patole said, "Our main goal is to end this dictatorship.
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