Indian Financial News
08.08 / 08:09
Blockchain
UPS
Citi
FIVE
Manufacturing
Platform
Strategy
Indian
Indian IT firms likely to recruit around 50,000 freshers in next five months: Report
EdTech platform, major Indian IT firms are gearing up to recruit approximately 50,000 freshers across various job roles encompassing both IT and non-IT sectors nationwide between July-December 2023. The ed-tech platform said that the rapid adoption of digital transformation initiatives, along with, the emergence of new business opportunities in Cloud Computing, Artificial Intelligence (AI), Cybersecurity, and other cutting-edge technologies, has become a catalyst for substantial growth within the IT industry. According to Shantanu Rooj, Founder and CEO, TeamLease Edtech, "Jobs like AI, blockchain, cloud computing, etc are going to lose their 'exotic' tags soon and will become the tools as common as a calculator or a laptop today...
08.08 / 06:19
08.08 / 06:19
UPS
Provident
Gap
Indian
private credit
Indian private credit funds rush to fill gap left by banks
private credit business, filling a void left by banks and non-bank lenders and mirroring a pick-up in activity across Asia. Private credit funds typically invest in debt or hybrid securities of unrated and lower-rated companies.Kotak Alternate Assets Managers (KAAM), Edelweiss Alternatives Asset Advisors, InCred Alternative Investments and Vivriti Asset Management are all looking to increase the size of such funds or raise new funds, officials at these firms said.
08.08 / 05:37
UPS
Citi
FIVE
Entertainment
show
country
Indian
Corporate Debt Crisis and 5 Indian Midcaps that Prove Balance Sheets Matte
US debt is complex right now. It’s like the crisis is spreading like a virus throughout the global financial system. But India remains unaffected.
08.08 / 05:05
UPS
Citi
Yellow
DXY
show
Indian
open
Gold Prices
Gold Rate Today: Gold prices in India open in red. Check price of yellow metal in Delhi, Ahmedabad, and other Indian cities
The DXY was trading with a positive bias at 102.29, up 0.24%. The October gold futures were trading with declines at Rs 59,405 per 10 grams on the MCX in the opening trade, down Rs 15 or 0.03%. Meanwhile, September Silver futures were trading at Rs 71,230, down Rs 38 or 0.05%.
08.08 / 01:57
UPS
Target
Reuters
NIFTY
show
Indian
inflation data
Gift Nifty, gains in Asian markets to inflation data, key triggers for Indian stock market today
inflation data on Wednesday. In Japan, official data showed the country’s household spending fell 4.2% YoY in June, compared with 4% in May, remaining in negative territory for the fourth straight month. In the US, the latest consumer price report will be released on Thursday, which is expected to offer clues about the Federal Reserve’s monetary policy path.
08.08 / 01:07
FIVE
Manufacturing
country
Indian
WHO issues alert about contaminated Indian-made cold syrup sold in Iraq
Bloomberg News purchased a sample of the syrup at a pharmacy in Baghdad in March and arranged a test by an independent Connecticut-based lab, Valisure LLC. Moreover, Bloomberg also reported the test results to the WHO as well as to Iraqi and Indian authorities last month. Last month, according to a test by Bloomberg News said that, the cold medication that was sold in Iraq is tainted with toxic chemicals.
07.08 / 18:59
Provident
country
Indian
Indian diamond traders explore non-US markets
India starting January as it believes those may have originated from the mines operated by Alrosa of Russia, a country which is under US sanctions. Trade sources said the restrictions are expected to be announced in September.Vipul Shah, chairman of the Gem & Jewellery Export Promotion Council, said: «Discussions with G7 countries, the US, and our government are currently underway. Meanwhile, we are preparing ourselves to enter newer markets.
07.08 / 17:23
COST
UPS
MET
performer
country
Indian
‘Guyana to buy Indian Dorniers, interested in other defence hardware’
NEW DELHI : Guyana will purchase two Dornier aircraft from India, said Capt. Gerald Gouveia, the South American nation’s National Security Adviser.The Dornier, built by Hindustan Aeronautics Ltd, suits Guyana’s needs for aircraft to improve connectivity, he said in an interview, adding Guyana is also interested in purchasing patrol vessels, a fleet of armoured vehicles and radar systems. Guyana and India will also step up personnel training to improve military-to-military contacts.
07.08 / 13:25
UPS
SUN
NIFTY
SENSEX
Indian
Monday trade: FIIs sell ₹1,892.77 crore in Indian market on August 7, DIIs invest ₹1,080.80 crore; details here
₹1,892.77 crore. On the other hand, domestic institutional investors (DIIs) remained buyers and purchased shares for ₹1,080.80 crore. As per NSE data, on August 7, FIIs' buy value was at ₹11,709.39 crore and sell value at ₹13,602.16 crore -- resulting in an outflow of ₹1,892.77 crore.
07.08 / 10:39
Indian
FPIs pulled out ₹37,632 crore from Indian equities during 2022-23: SEBI
₹37,632 crore from Indian equities during 2022-23, which is 73.1 percent decline in outflows as compared to 2021-22, Securities and Exchange Board of India said in its annual report on 7 August. Adding on, the market regulator said that domestic institutional investors invested a net of ₹2.55 lakh crore in the Indian cash markets in 2022-23, as against net FPI outflows of ₹61,754 crore from equity cash market through the stock exchange route.
07.08 / 10:27
Mobile
Indian
Indian companies raised ₹9.8 lakh crore from capital markets in 2022-23: SEBI annual report
₹9.8 lakh crore from capital markets during the fiscal year 2022-23 which was 4.6% higher than previous year, Securities Exchange Board of India (SEBI) said in its annual report. "The Indian capital markets facilitated resource mobilization amounting to ₹9.8 lakh crore in 2022-23, a rise of 4.6 percent over 2021-22.
07.08 / 07:43
FIVE
Remark
CVS
show
performer
Indian
Indian auto retail sector sustains 10% YoY growth in July, 3-Wheeler segment shines with 74% surge: FADA report
all vehicle categories reported positive growth numbers during this period. Two-wheelers (2W) witnessed an eight per cent YoY increase, Three-Wheelers (3W) experienced a remarkable surge of 74 per cent, Passenger Vehicles (PV) showed a four per cent growth, Tractors (Trac) demonstrated a healthy 21 per cent expansion, and Commercial Vehicles (CV) held steady with a two per cent YoY growth. However, when analyzing the monthly performance, a mixed trend emerged.
07.08 / 07:19
UPS
Lowe's
NIFTY
SENSEX
Indian
fall
Indian Oil Corp. shares fall 0.1% as Nifty gains
Indian Oil Corporation Ltd. traded 0.1 per cent down at Rs 92.24 on Monday at around 12:38PM (IST), while the benchmark BSE Sensex advanced 190.63 points to 65911.88. As many as 401,515 shares changed hands on the counter with a total value of Rs 370.0 crore.
07.08 / 06:31
Action
Remark
Zara
film
performer
star
Indian
Box office heroes: These Indian movies of 2023 have entered ₹100-crore club
film industry churns out movies in multiple languages, but only a select few achieve the status of being a box office hit by crossing the Rs. 100-crore mark. In 2023, several Indian movies accomplished this remarkable feat and entered the prestigious ₹100-crore club at the worldwide box office.
07.08 / 05:41
COST
Provident
country
Indian
Corporate guarantees given to subsidiaries land many Indian holding companies in a GST pickle
The cases relate to demands raised under the Goods and Services Tax (GST) Act. As per estimates by officials, the aggregate demand in the past three months amounts to a few hundred crores. The office of the directorate general of goods and services tax intelligence (DGGI) as well as state audit officials are currently probing such cases across sectors.
07.08 / 03:31
Remark
country
Indian
Uddhav Thackeray slams Prime Minister Narendra Modi over Indian Mujahideen remark
Narendra Modi, accusing him of using derogatory names while referring to the opposition INDIA alliance. Addressing workers and activists of Sambhaji Brigade, the Shiv Sena (UBT) president asserted that the INDIA bloc comprises parties that oppose those who suppress democracy and freedom. On August 6, Thackeray questioned the prime minister's intent behind meetings with foreign leaders, asking whether it is in his capacity as the Prime Minister of India or as a representative of the Indian Mujahideen.
07.08 / 02:41
Lowe's
Apple
NIFTY
Nikkei
KOSPI
Indian
share price
fall
Gift Nifty, weak Asian markets to fall in Apple share price - key triggers for the Indian stock market today
unemployment rate was at a historically low level of 3.5%, below June’s 3.6% figure. MSCI’s broadest index of Asia-Pacific shares outside Japan traded little lower. The index lost 2.3% last week.
07.08 / 02:41
UPS
Target
Action
Indian
Funds worth ₹215 crore frozen: US targets Indian diamond sellers over alleged Russia connection: Report
₹215 crore) worth of fund transfers have been frozen by OFAC, targeting entities allegedly involved in the import of rough diamonds sourced from Russia, The Economic Times reported. The impact of this move has been felt by the United Arab Emirates (UAE) subsidiaries of Indian diamond houses, whose dollar payments have been stalled due to suspicions of connections with Russian miners and sanctioned entities. As a result, the intended payments for rough diamond sellers have not been fulfilled, as instructed by US authorities to the banks handling the nostro accounts of the suppliers, the publication reported.
06.08 / 17:03
Citi
Indian
hockey
Asian Champions Trophy 2023: Indian hockey team beat Malaysia 5-0
India returned to winning ways with a 5-0 victory over Malaysia in their Asian Champions Trophy match here on Sunday. The city's Karthi Selvam gave India the lead right at the end of the first quarter with his 15-minute field goal off a fine Harmanpreet Singh pass.Hardik Singh doubled the lead for the home team when he scored off a penalty corner in the beginning of the third quarter (32nd minute), putting the Malaysians under tremendous pressure.
06.08 / 10:39
Twitter
Citizens
Career
Dreams
love
country
Indian
Remembering Sushma Swaraj: What the ‘best loved Indian politician’ said about Article 370
Article 370, a long dream of the ruling Bharatiya Janata Party and many Hindu nationalists. One of those who strongly vouched for this was former external affairs minister Sushma Swaraj. Once called as India’s best-loved politician by Wall Street Journal, Swaraj succumbed to a cardiac arrest on August 6, 2019.
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