Indian Financial News

Vivek Ramaswamy responded to Britain's GB News when asked about running as Donald Trump's VP. The remarks by Vivek Ramaswamy corroborate the rumors about the duo planning to go together in the 2024 Presidential polls.

visa of choice among Indians seeking to work and live in the United States, a series of events unfolding over the last year have quickly changed those norms. From October 2020 to September 2021, the Indian workforce secured an impressive 74% of the over 407,000 H-1B visas issued. But according to the Wall Street Journal, many have been impacted by large-scale tech layoffs because roughly one-quarter of all foreign-born employees are in STEM fields of technology and science. Due to its non-immigrant, short-term visa designation, the H-1B visa program requires immigrants to find a new U.S.

Reliance Industries in 2017, Chairman Mukesh Ambani got emotional while remembering his late father, Dhirubhai Ambani. Mukesh's mother Kokilaben Ambani burst into tears. Reliance Jio had come very close to the dream that Mukesh Ambani's father had decades ago. Dhirubhai used to say if you made a phone call cheaper than a postcard, you would revolutionise the lives of millions of Indians. Mukesh Ambani's Reliance Jio not only made a phone call totally free, it made even the handset cheaper than a postcard as it came free with a refundable deposit. «I can feel as if he is sitting here, smiling and talking to me and to all of you,» Ambani said at the AGM. «I hear him telling me, 'Now, you are in my place. You have the responsibility to protect Reliance and promote the interests of all its shareowners, partners and employees. I am confident that you will take Reliance to greater heights'.» His mother, Kokilaben, was in tears and the audience applauded and broke into chants of «We love Jio». That was hardly how an AGM — a dreary, number-crunching exercise between the shareholders and the company management — is generally expected to go.The 46th AGM of Reliance on Monday What will happen at the 46th AGM of Reliance on Monday, August 28? While nothing can be said about what Ambani will announce at the AGM, one thing is certain — as Reliance AGMs go, this one too will be one of the biggest annual corporate events of India, full of business announcments as well as personal outpourings.

Sajjan Jindal wants the government to counter American tariffs and Europe’s carbon tax with a similar levy, to level the playing field for companies like his. In an interview in New Delhi, the chairman of JSW Group spoke about the outlook for flagship JSW Steel Ltd. and confirmed a Bloomberg News report about its acquisition plans.On carbon taxes Every region is thinking in terms of their own protection. US has import tariffs on steel.

Kazakhstan has ranked 25th in the World Bank's Ease of Doing Business Report. The office of KAZAKH INVEST in India is ready to provide assistance, starting from an idea to the commissioning.

The prime ministers of India and Greece have pledged to boost their countries’ trade, business and defense ties during a visit to Athens by Indian Prime Minister Narendra Modi

Gadar 2’ is here to stay and rule the Indian box-office single-handedly. As per a report shared by the Indian box-office tracking portalSacnilk.com, the movie is going strong at the box-office. The Sunny Deol-Ameesha Patel starrer collected about Rs 418 crore on Friday (August 25). It is expected to earn Rs 6 crore on Saturday. If it can do so, the movie would cross Rs 425 crores. Film trade analyst Taran Adarsh took to Twitter to share the box-office collections of the movie. “ALL-TIME BLOCKBUSTER… #Gadar2 WREAKS HAVOC in Week 2… Mass pockets on continue to set NEW BENCHMARKS… Will continue to dominate the heartland in Week 3 as well… [Week 2] Fri 20.50 cr, Sat 31.07 cr, Sun 38.90 cr, Mon 13.50 cr, Tue 12.10 cr, Wed 10 cr, Thu 8.40 cr. Total: 419.10 cr. #India biz,” he wrote. The movie collected Rs 284 crore in the first week and Rs 134 crore in the second.

₹19,000 crore. "It would be a major boost towards achieving the goal of self-reliance in defence manufacturing as these ships will be indigenously designed and constructed by HSL, Visakhapatnam," the ministry of defence said in a statement.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Indian Oil's renewable energy portfolio, with a particular focus on expanding its footprint in the rapidly growing solar and wind energy sectors. By harnessing the inexhaustible potential of renewable resources, Indian Oil aims to cater to India's burgeoning energy demands while significantly reducing its ecological footprint.

Moody's Investors Service said. Earnings before interest, taxes, depreciation and amortisation (EBITDA) of Indian companies rated by Moody's will grow 5%-10% over the next two years as prices of key raw materials like crude oil and coking coal retreat from 2022-highs, it said in a note dated Thursday. State-owned oil marketing companies — Indian Oil Corp, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd — will be the major beneficiaries of slide in crude prices. However, it will also hurt the earnings of upstream oil companies like Oil and Natural Gas Corp and Oil India as their revenues will take a hit, Moody's said. Moody's said JSW Steel will benefit the most from declining coking coal prices as its operating costs will reduce, while Tata Steel is likely to see limited gains due to lower profitability in its Europe business. Oil-to-telecom conglomerate Reliance Industries and top cement maker Ultratech Cement are also tipped to see strong earnings growth over the next two years, it added. Moody's said capital spending will remain high at nearly 4 trillion rupees, with Reliance, ONGC, IOC, telecom firms and steelmakers incurring the bulk of the expenditure, but it is unlikely to drag earnings. «Expected earnings growth combined with prudent balance sheet management over the last 12-18 months will buffer the impact of high capital spending.» India's young population, steady demand and rising spending power would keep domestic consumption «robust» at least till the end of the year, while sustained government infra spending will support business activity in key industrial sectors, Moody's added.

Supreme Court on Friday refused to entertain a plea that raised the issue of Indian fishermen getting arrested after straying into the territorial waters of Pakistan, saying political matters will be sorted out politically. The apex court said it cannot issue directions to Pakistan to release such fishermen and that the matter cannot be determined in a petition filed under Article 32 of the Constitution. Article 32 of the Constitution empowers Indian citizens to move the apex court directly for enforcement of their fundamental rights through appropriate proceedings. «Is this to be determined in a (Article) 32 petition? How Pakistan and India sort out their fishermen problem, in (Article) 32 petition we will issue directions? Can we issue directions to Pakistan to release them?» a bench of Justices Sanjay Kishan Kaul and Sudhanshu Dhulia asked the counsel appearing for the petitioners. The bench was hearing a public interest litigation (PIL) filed by three petitioners, including two from Gujarat and one from Maharashtra. The counsel for the petitioners sought the revival of a judicial committee comprising judges from India and Pakistan that was formed in 2008 to mutually resolve the issue of prisoners, including fishermen who got arrested for straying into each other's maritime territory. «What is the scenario today? What is the relationship with the country today?» the bench asked, and added «These are government issues.» «Political matters will be sorted out politically,» the bench said and asked the petitioners to approach the government.

monsoon season in India so far has been marred by extreme weather events, from humid heat waves to cyclones to torrential rains. Scientists blame climate change. They say it has been altering the monsoon patterns along with weakening its circulations.

student visa category. The UK Home Office data reveals a 54% spike in the issuance of sponsored study visas to Indians, reaching a total of 142,848 visas granted.

Siddhartha Khemka, Head of Retail Research, MOFSL, says among food aggregators, we definitely like Zomato. We have a target price of Rs 110. We believe the excellent Q1 numbers where the company has turned profitable at PAT level, which is much ahead of its Q4, FY24 guidance. We believe that the company could see strong growth where the management is confident of achieving 40% plus organic growth. Even Blinkit is seeing improvement.”How realistic are the gains in some of the companies which have got business or presence in this entire space/rocket vertical? Stocks have gone up 50 to 100% even though the upside could be minuscule. Is it time to log out of BHEL or Paras Defence or Centrum Electronics? Just about every company in that space has got re-rated because of the Chandrayaan mission.The defence space has been in momentum not only because of the Chandrayaan effect but in the past several months also we have seen the large order book that has flown to some of these Indian companies.

maritime transport, defence, trade and investments and people-to-people ties." Meanwhile, Greek Ambassador to India Dimitrios Ioannou has said that during Prime Minister Narendra Modi’s Greece visit, the two countries will upgrade their long friendship. "We are very happy to welcome him.

OCCRP), a global network of investigative journalists, backed by billionaire investor George Soros among others, are in the final stages of releasing an investigative report on a wellknown Indian corporate group, news agency PTI reported on Thursday, citing sources aware of the matter. According to these sources, the objective of the forthcoming expose is said to be alleged instances of round tripping of funds from overseas jurisdictions into listed Indian companies controlled by the above-mentioned group.

Mint in an exclusive interview. “Earlier, the Indian airports were merely destination airports, but today we find a rising trend of people flying from one part of the world and come to Delhi, Mumbai, Hyderabad, and Kolkata, and take another onward flight without really exiting into any Indian city. That trend is increasing," Vinay Malhotra, head of global sales at IndiGo, said.

NEW DELHI : The Centre plans to enforce an upper limit of around 50 decibels in a crackdown on loud vehicle horns, a sharp reduction on existing permissible levels, minister of road transport and highways Nitin Gadkari said. Loud, persistent and often-needless blaring of horns remains a bane of Indian roads. The minister said that along with air pollution, noise pollution is a major irritant and poses a serious health hazard for citizens.

Anurag Thakur, the Union Minister for Information and Broadcasting, on Thursday, congratulated the winners of the 69th National Film Awards and spoke about the potential of India becoming “the content hub of the world." Thakur, while talking to the media said, «The jury members of the 69th National Film Awards met me today and handed the report. They have gone through a long list of movies which included feature films, non feature films and writing on cinema. India produced quality content even during the Covid 19 pandemic. The jury members told me that many beautiful films came in the year 2021.» Drawing attention to the fierce competition that unfolded across each award category, he continued, «It was a very tough competition between all the films in every category. My congratulations and best wishes are with the winners. Today India is the largest film-maker in the world. We have the potential to become the content hub of the world. This is our time. Today our films are being recognised all over the world, be it BAFTA or the Oscars.» «The Jury will again sit for the next National Film Awards 2022 soon. Indian cinema is going to conquer the world. My best wishes to all the stakeholders,» Thakur concluded. The winners for the 69th National Film Awards were announced on Thursday with actors Allu Arjun, Alia Bhatt and Kriti Sanon taking home the Best Actor and Actress trophies.

₹5,797 crore during the session. As per the NSE data, FIIs cumulatively bought ₹12,992.74 crore of Indian equities, while they sold ₹11,467.87 crore --- resulting in an inflow of ₹1,524.87 crore.