Country Financial News

Eldeco Infrastructure and Properties Limited (EIPL), a prominent player in North India’s real estate sector, and HDFC Capital Advisors Limited (one of the largest real estate fund managers in India) have announced the latest round of funding of Rs 350 crore towards their joint platform aimed at developing residential projects across India. With this funding, the platform size stands at Rs 850 crore, underscoring a resolute commitment to addressing the nation’s growing residential demand.

Nestlé India and Dr. Reddy’s Laboratories Ltd on Thursday announced that they have entered into a definitive agreement to form a joint venture to bring innovative nutraceutical brands to consumers in India and other agreed territories.

Investing in mutual funds can be a powerful tool for wealth creation, especially in a country like India with a growing economy and a burgeoning middle class. However, the question of when to start investing in mutual funds is one that many individuals grapple with. The simple answer? The sooner, the better. Let’s delve deeper into why and how to get started.

PM Awas Yojana Update: The Centre is reportedly planning to widen the scope and size of its flagship scheme Pradhan Mantri Awas Yojana (PMAY). Now shopkeepers, traders and self-employed will also be brought under the ambit of the scheme, part of the ‘Housing for All’ mission of the central government, CNBC-TV18 reported citing sources.

SBI Card has launched three variants of its first travel-focused core credit card ‘SBI Card MILES’. The three variants are SBI Card MILES ELITE, SBI Card MILES PRIME and SBI Card MILES.

Despite us constantly being told that solar and wind are now the cheapest forms of electricity, governments around the world needed to spend $1.8 trillion on green transitions last year. “Wind and solar are already significantly cheaper than coal and oil" is how US President Joe Biden conveniently justifies spending hundreds of billions of dollars on green subsidies. Indeed, arguing that wind and solar is the cheapest is a meme employed by green lobbyists, activists and politicians globally.

A post shared by Mahaakshay Chakraborty (@mimohchakraborty) Padma Awards is one of the highest civilian honours of the country and is conferred in three categories - Padma Vibhushan, Padma Bhushan and Padma Shri. The post also garnered comments from fans. Anupama Actor Sudhashu Pandey wrote, “Many Congratulations" One User commented, “Mithun da is synonym of #cinema....modi ji synonym of #politics" Some other commented saying, “He deserve Dada Saheb Phalke & Bharat Ratna" Some other wrote, “A hearty Congratulations to u mithunda....

EVs, while also utilising the country as an export hub for the neighbouring countries. Chung visited India on April 23 to review the group's mid-to-long-term strategies to solidify its position as a leading mobility provider. Hyundai Motor Group is expanding its manufacturing footprint in the Indian region with the establishment of an annual production system of 1.5 million vehicle units for Hyundai Motor India and Kia India combined, the automaker stated.

NMDC with a 'buy' rating, establishing a target price of ₹297 per share. Despite the company's shares already surging by 140% in just 10 months, this new target price suggests another 20% increase from the stock's previous closing price of ₹248 per share. Additionally, reaching this target would mark a 14-year high for the stock, with the last similar milestone achieved back in April 2010.

Students graduating from post-secondary schools in Nova Scotia and Prince Edward Island have some of the highest student loan debt in the country, according to a new report from Statistics Canada.

Narendra Modi on Thursday attacked the previous Congress government in Madhya Pradesh, saying the state had become one of the 'Bimaru Rajya' during the grand old party's rule. Addressing the Vijay Sankalp Rally in MP's Morena for the Lok Sabha elections, PM Modi said, “After filling the potholes of Congress, the BJP has given a new identity to Chambal and Madhya Pradesh..." “The people of Bhind, Morena and Gwalior, who have seen the dark period of the Congress, are experiencing the development that has taken place under the BJP government more," he said.

NEW DELHI : Is Tesla on its way to India, or not? Despite the Indian government's enthusiastic rollout of a new electric vehicle policy primarily aimed at attracting EV makers such as Tesla, the Elon Musk-led automaker has remained non-committal about its plans to enter the Indian market. In fact, Tesla has not conducted any significant studies or held detailed discussions with state governments in India yet, people familiar with the situation told Mint, signalling a lack of immediate intent to establish a manufacturing presence in the country.

Yogi Adityanath on Thursday criticised the Congress party's proposal for an inheritance tax, accusing them of intending to seize the property of common people. He said that the Congress, which has looted the country for 60-65 years, plans to distribute the proceeds among the Rohingyas as part of their vote bank policy. «The mindset of Congress for the country and the common people of the country was revealed during the UPA government regime and yesterday. There were hints even in the Congress manifesto. What Sam Pitroda said yesterday was advocated for by then Home Minister P Chidambaram too. Congress looted the country's resources for almost 60-65 years. Now, it has its eyes set on common people's property. That is why it is talking about Inheritance tax. It will distribute it among people who are intruders. Who doesn't know that behind the crores of intruders, Rohingyas in different parts of the country is Congress' vote bank policy? They have always done politics at the cost of the nation, inheritance tax is a part of it,» he said.

Sam Pitroda, the chairman of the Indian Overseas Congress, made comments about inheritance tax that led to a political controversy. Prime Minister Modi criticized the Congress party, claiming that they intend to impose higher taxes and prevent individuals from passing on their hard-earned wealth to their heirs. In response, the Congress party distanced itself from Pitroda's statements. Party spokesman Jairam Ramesh pointed out that former Prime Minister Rajiv Gandhi had abolished estate duty in 1985. Pitroda backed the idea of an inheritance tax and cited the example of the US. «Nothing wrong in accumulating wealth but to what point? Let me tell you, in America there's an inheritance tax. So, if let's say one has $100 million worth of wealth, and when he dies he can transfer probably 45% to his children, 55% is grabbed by govt. Now that's an interesting law. It says you, in your generation made wealth, and you are leaving now, you must leave your wealth for the public — not all of it, half of it, which to me sounds fair. In India you don't have that. If somebody is worth $10 billion and dies his children get $10 billion. The public gets nothing. So these are the kinds of issues that people will have to debate and discuss.» Here is a look at what inheritance tax is.

'inheritance tax' in India, an old video featuring Nikhil Kamath, co-founder of Zerodha, where he is discussing the issue with Mint, has surfaced. In the video, Kamath expresses his support for inheritance tax in India. “When wealth is passed down from one generation to another, there needs to be a mechanism in place to redistribute a portion of it.

Vodafone Idea FPO share price opened at ₹11.80 per share, 7.27% higher on NSE than the issue price of ₹11. On BSE, Vodafone Idea FPO share price today opened at ₹12 apiece, up 9% than the issue price.

AI adoption, showcasing how Indians are increasingly turning to smart technologies to simplify tasks, from home automation to virtual assistance. An impressive 724 million Indians are already integrated into the AI ecosystem, a number expected to grow by 6% annually. These users engage with AI through a variety of features, including image filters, personalized recommendations, and smart devices, making AI a prevalent force among nearly every internet user in the country.

Apple of using «illegally exploited» minerals extracted from the country's embattled east in its products, lawyers representing the African country said Thursday. The DRC's lawyers have sent Apple a formal cease and desist notice seen by AFP, effectively warning the tech giant it could face legal action if the alleged practice continues.

solar manufacturers filed trade complaints Wednesday formally requesting that the Biden administration impose tariffs on solar products being exported from Southeast Asia into the United States. The petitions were filed with the Department of Commerce and the U.S. International Trade Commission. They come amid growing alarm within the U.S. solar industry that a flood of cheap Chinese green energy technology exports are pushing down prices of solar panels and threatening efforts by the Biden administration to develop a domestic solar supply chain. Chinese companies have been relocating production of solar products to neighbouring countries to avoid existing tariffs, and U.S. manufacturers believe new trade measures are needed to protect their businesses. The complaints call for investigations into the trade practices of Vietnam, Cambodia, Thailand and Malaysia. In the past year, the United States has imported $12.5 billion worth of solar products from those countries as prices of solar products have dropped by around 50%.

controversial speech of Prime Minister Narendra Modi targeting Muslims in the country, an e-mail campaign has been started by a few non-resident Gujaratis who are writing to the Election Commission of India seeking action against him. At an election rally in Rajasthan, Modi had alleged that if voted to power, the Congress will redistribute the wealth of the country and give it to the Muslims, drawing criticism both from India’s opposition parties and global media. Speaking to ET from New York, Dakshesh Patel, who is settled in the US, said that a campaign has been launched in this regard and they expect to get at least one lakh emails sent to the EC from all over the globe.

Oil prices eased in early trade on Thursday as concerns about a potential slowdown in the U.S. economy amid prospects for delayed interest rate cuts outweighed worries over the risk of expanding conflict in the Middle East. Brent crude futures dipped 9 cents, or 0.1%, to $86.95 a barrel at 0024 GMT, and U.S. West Texas Intermediate crude futures slipped 7 cents, or 0.1%, to $82.74 a barrel. Both benchmarks lost less than 1% on Wednesday.