Country Financial News

Tesla CEO Elon Musk comes to meet Prime Minister Narendra Modi will not be the car maker's entry into India. There is another matter that has been pending for some time for lack of adequate disclosures. Musk's India ambition spans from road to space. He has thrown his hat in the ring for the satellite communication, or satcom, a futuristic technology that promises to revolutionise India's telecom sector. Musk, with his satcom company Starlink, will compete with Mukesh Ambani and Sunil Bharti Mittal whose respective companies, Reliance Jio JV with Luxembourg-based SES; and Bharti AIrtel jointly with OneWeb-Eutelsat, are also in the race for satcom spectrum. Another giant, Amazon, is also in the reckoning. The satcom sector is witnessing intense rivalry even before the start of services. Airtel and Jio stand sharply divided on various issues related to satcom and have battled each other over complexities that surround satcom. The rivalry between the two biggies, with other satcom players also divided sharply, continues. A few days ago, they locked horns over the usage and price of satcom. The main issue, whether satcom spectrum should be allocated administratively or auctioned, has been settled with the new Telecommunication Act, 2023, giving legislative backing to allocation of satellite spectrum via the administrative or the ‘non-auction route’. At present, the DoT is finalising the modalities.

Ambuja Cements and ACC Ltd, is targeting to capture around one-fifth of the Indian cement market by FY28. Adani Cement business will implement its accelerated capex program through internal accruals and the business will continue to "remain debt free," said an investor presentation shared by Ambuja Cements. Besides, Adani Cement also amplifies the pace of capacity expansion and is expected to have an accelerated growth rate of 16 per cent to reach 140 MTPA (million tonnes per annum) by FY2028.

NEW DELHI : India on Friday issued an advisory, warning its citizens against travelling to Iran and Israel due to escalating tensions between the two West Asian nations. “In view of the prevailing situation in the region, all Indians are advised not to travel to Iran or Israel till further notice. All those who are currently residing in Iran or Israel are requested to get in touch with Indian embassies there and register themselves.

HAL Share Price Today: Shares of public-sector undertaking (PSU) Hindustan Aeronautics Ltd or HAL rose more than three per cent to hit a lifetime record-high mark during intra-day on Friday, April 12. The surge in shares came as the Defence Ministry today issued a tender to the defence major for buying made-in-India 97 LCA Mark 1A fighter jets.

Pulte Capital CEO Bill Pulte discusses the impact of inflation on the housing industry.

Dan Savickas, director of policy for the Taxpayer's Protection Alliance, spoke to FOX Business about former President Trump's proposed 60% tariff on Chinese imports and the effects of tariffs on American consumers.

Adani group, which owns Ambuja Cements and ACC Ltd, is targeting to capture around one-fifth of the Indian cement market by FY28. Adani Cement business will implement its accelerated capex program through internal accruals and the business will continue to «remain debt free,» said an investor presentation shared by Ambuja Cements. Besides, Adani Cement also amplifies the pace of capacity expansion and is expected to have an accelerated growth rate of 16 per cent to reach 140 MTPA (million tonnes per annum) by FY2028. «Adani Cement market share targeted to be 20 per cent by FY'28 from current 14 per cent,» the Adani group firm said.

Narendra Modi on Friday attacked the 'Mughal' mindset of INDIA bloc leaders Rahul Gandhi and Lalu Yadav and his son, Tejashwi Yadav for hurting the religious sentiments of Hindus and teasing them by cooking mutton during Sawan and eating fish during Navratri. PM Modi said that these leaders are inspired by a 'Mughal' mindset and they enjoy hurting the sentiments of the people. Prime Minister's remarks were about Rahul Gandhi's visit to RJD chief Lalu Prasad Yadav, where he cooked mutton at the latter's residence on September 2, 2023. The Wayanad MP had also shared a video in this regard on his YouTube channel.

Also read: Donald Trump criticised for insulting Jewish & Black supporters of Biden When asked which president did more to help people like them, roughly one-third say Donald Trump and about one-quarter say Joe Biden. Yet 30% of adults said neither Biden nor Trump benefitted them. It's another data point reflecting an electorate that has been largely disappointed with this year's general election choices, generating little enthusiasm among key parts of the Biden and Trump political coalitions.

Nevada ranked the second highest auto insurance rates in the country, according to Insurify.

Musk's visit to India will begin on April 21. The billionaire will be in the country for 48 hours. During the visit, Musk is likely to make many high-profile announcements, including plans to launch the Starlink service and investment plans of around $2 billion to $3 billion in the country.

ALSO READ: PM Modi makes big announcement on Kashmir: 'J&K will get the status...' "The people of the Congress and INDIA alliance do not care about the sentiments of the majority of the people of the country. They enjoy playing with the sentiments of the people. A person who has been sentenced by the court and who is on bail -- they visit the house of such a criminal and enjoy cooking mutton in the month of Sawan, and they make a video of it to tease the people of the country," newswire ANI quoted Modi as saying.

NEW DELHI : India and Peru concluded the seventh round of negotiations for a free trade agreement (FTA) on Thursday, aiming to deepen economic ties, a senior Indian government official said. The next round of talks is scheduled for the second week of June in Lima, with meetings likely to focus on consensus-building on trade of goods and services, the official added, requesting anonymity. The FTA is strategically important as India seeks access to Peru's lithium reserves, critical for its growing electric vehicle industry.

Ethnologue data). This may be a function of a more globalised world and the need for a common language. Interestingly, English is not a rigid language and has various versions across different geographies to help the local population converse more seamlessly.

Happy Baisakhi 2024: Baisakhi, also known as Vaisakhi, represents the vibrant culture of Punjab and North India. As per the Hindu lunisolar calendar, Baisakhi marks the first day of the month of Baisakh. Traditionally, the harvest festival is celebrated on April 13 or 14 every year.

Uday Kotak of Kotak Bank shows THIS wild card as he warns to be ready for turbulence Two experts - Narendra Solanki of Anand Rathi and Chirag Shah of ICICI Direct - suggest the following six stocks to buy for the next 12 months. As per them, they can give solid double-digit returns in the next one year. Take a look: The company's management focuses on expanding to 4 million tonnes of capacity by the end of FY24 and 5 million tonnes by FY26.

Lok Sabha seat Upendra Kushwaha has voiced concern over farmers of his constituency in particular and Bihar in general not getting minimum support price and being vulnerable to middlemen. The Rashtriya Lok Morcha chief said the economy of my constituency in particular and Bihar in general is agriculture-based. Paddy, wheat and maize are the main crops. This area is called the rice bowl of Bihar. «My top priority is to ensure a better price for the produce of the farmers and also free them from the clutches of middlemen,» Kushwaha told PTI in an interview. «The NDA government at the Centre, led by Prime Minister Narendra Modi, has taken several steps to ensure the elimination of middlemen and to guarantee better prices for produce of the farmers. Steps have been taken to empower farmers and provide them with the benefit of modern technology. The NDA government gives 100 per cent guarantee for protection of the farmers' interests,» he said.

GmbH's global chief of sales and services Rudolf Klotscher said India is the company's second largest emerging market alongside Turkey and is a «huge focus» country. The Euro 14.8-billion company, which sells Bosch and Siemens brands of refrigerators, dishwashers and kitchen appliances, has reported a double-digit growth in India in several categories such as built-in appliances and dishwashers when the Indian market is growing at 7-8%. Klotscher did not share the overall revenue numbers or company's revenue growth in India “The potential for the future in India is very big. There are 1.4 billion potential customers in India," Klotscher told ET on the sidelines of BSH’s annual global press meet held virtually on Thursday.

«There used to be the provisions like general anti avoidance rules like GAAR, which required the investors like FPIs who are based in Mauritius need to have substance in Mauritius in order to claim the benefit of India-Mauritius tax treaty,» says Punit Shah, Partner, Dhruva Advisors. Let us talk about this treaty and this change that we are making. What is the impact that one should actually expect from this? Is it too much of a worry for investors from Mauritius? Essentially what it says is that India-Mauritius tax treaty was there for several years now. It provides capital gains tax exemption on the equity shares, on derivatives, on debt instruments. The treaty was amended in 2017 where the capital gains exemption on equity shares was taken away and the capital gains exemption on the derivatives and debt instruments did continue.

Nifty also shed nearly 1% with foreign investors believed to have offloaded stakes in bluechips as those investing from Mauritius may now face greater scrutiny. Smallcaps and midcap indices were largely unaffected in today’s sell-off. Within the Nifty family of 50 stocks, Sun Pharma fell around 4% while Maruti Suzuki, Titan, Cipla, JSW Steel, Power Grid and ONGC were trading around 2% lower. Pharma stocks with the biggest loser with Nifty Pharma retreating by around 1.5%. All sectoral indices were trading in the red.

The ongoing conflict between Israel, the United States, and Iran and its regional allies in Lebanon, Iraq, Syria, and Yemen continues to escalate tensions in the Middle East. The recent Gaza war, triggered by Hamas's October 7 attack on Israel, resulted in significant civilian casualties and hostage-taking.