Indian Financial News

Made in Heaven' have reason to rejoice as the highly anticipated second season is set to grace our screens on August 10. The announcement, made by the show's makers, has sent waves of excitement through social media and garnered enthusiastic responses from eager viewers.

Explained: Why has the US not slipped into a recession yet? What are the odds of a US recession in the near term? Experts pointed out that market participants across the globe will be closely watching Fed chief Jerome Powell’s comments about the disinflation process in the US and the likely trend in interest rates. Fed is expected to remain data-dependent to decide on rate hike trajectory. Experts believe that a substantial part of the rate hike cycle is behind us.

Indian Hotels Company Ltd. rose 0.63 per cent to Rs 394.45 in Wednesday's trade as of 11:47AM (IST) even as the benchmark Nifty ruled at 19791.45, up 110.85 points. The scrip had closed at Rs 392.0 in the previous session.

US Federal Reserve interest rate decision on Wednesday. The Fed is widely expected to raise its benchmark funds rate by 25 basis points (bps) to a target range of 5.25%-5.5%, its highest level since January 2001. Meanwhile, the International Monetary Fund (IMF) raised its 2023 global growth estimates but warned that persistent challenges were dampening the medium-term outlook.

Anju, a married Indian woman who travelled to Pakistan's Khyber Pakhtunkhwa province and married her Facebook friend there on Tuesday, said she was as good as dead for her family back home. She had ruined the future of her two children, said her father Gaya Prasad Thomas, speaking to reporters at Bouna village in Gwalior district of Madhya Pradesh. «The way she ran away leaving her two children and husband behind… she did not even think of her children.

ICRA said it expects the revenues of its sample set of 25 Indian pharmaceutical companies which account for 60% of the overall Indian pharmaceutical industry to grow by 7-9% in FY24. The revenue growth will be primarily supported by 8-10% expansion in the domestic formulation market and 6-8% growth in the US, while revenues from Europe and emerging markets are expected to rise by 3-5% and 8-10%.

PTI on 25 July. As per details, Anju (34), was staying at her 29-year-old Pakistani friend Nasrullah's home in the Upper Dir district of Khyber Pakhtunkhwa, where they became friends on Facebook in 2019. Amid tight security, both Fatima and Nasrullah tied the knot in a local court of a district and sessions judge.

Narendra Modi on Tuesday over his recent comments against the Opposition coalition. Addressing a party meeting earlier this week the PM had claimed that the newly named Indian National Developmental Inclusive Alliance was ‘completely directionless’ and linked it to reviled organisations such as the East India Company and Indian Mujahideen.

Google has laid off its director of News Ecosystem Development who worked for the company for 13 years. The Indian-origin director, Madhav Chinnappa, took to LinkedIn to announce about the layoff, however, he added that he is in the “privileged position" of being able to have some time to figure out his next move.

Sri Lankan Navy has arrested nine Indian fishermen and seized two trawlers for allegedly poaching in the country's territorial waters, according to an official statement on Tuesday. The arrests were made near Delft Island, Jaffna. The fishermen, from Tamil Nadu, were apprehended on Monday, the Navy said.

The stock quoted a 52-week high price of Rs 101.44 and a low of Rs 65.2. The return on equity for the stock stood at 7.0 per cent.

Addressing the BJP's Parliamentary Party meeting earlier on Tuesday, PM Modi said, «From the Opposition's conduct, it seems that they have decided to remain in the Opposition. We have to work in the interest of the public and move forward.» He added that India's image has been elevated before the world and the BJP will keep putting in the hard yards in this direction. «Today, India's image before the world has improved significantly and we are committed to keep working in this direction,» PM Modi added at the BJP meeting.

Federal Reserve’s Federal Open Market Committee (FOMC) which begins later in the day. The bias remained negative as the dollar index (DXY) was trading above the 101 mark and only strengthened in the last session leading to declines in bullion prices. The August gold futures were trading with minor gains at Rs 59,120 per 10 grams on the MCX when markets opened, up Rs 44 or 0.07%.

single-screen theatres «hangs by a thread», megastar Amitabh Bachchan says that many projectionists have lost their livelihood and it is important to recognise their contribution to the history of Indian cinema. In a recorded video message shared with Mumbai-based Film Heritage Foundation and its founder Shivendra Singh Dungarpur, Bachchan appreciated the 'Lifetime Achievement Award for Cinema Projection' that has been instituted by the FHF to celebrate the «unsung heroes» of the film industry. Bachchan, in his over a minute-long video, said, «The world of a projector, a beam of light in a dark room theatre, and flicker of images on the big screen. That was, what cinema was for me». «As the fate of single-screen cinemas, unfortunately, hangs by a thread, many of these projectionists have lost their livelihood. It is important to remember and recognise their immense contribution to the history of Indian cinema,» he said. The veteran cine actor said he was pleased to learn that Film Heritage Foundation had instituted a 'Lifetime Achievement Award for Cinema Projection' to celebrate the unsung heroes, «who brought the magic of cinema to the silver screen». Dungarpur on Sunday said the foundation will honour three projectionists with this award at a special event, to be held on Wednesday at Mumbai's heritage Regal Cinema, a single-screen theatre built in 1933. The awards will be an annual affair, he said.

equity market remained weak amid mixed corporate results for the June quarter. “We expect some cautiousness ahead of the US Fed meeting where a 25 bps hike is expected, while investors keenly await commentaries. With the quarterly earnings season now at full pace during the week, we expect stock-specific action to continue in the market," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

Indian Institute of Science shed light on the enigmatic 'gravity hole' in the Indian Ocean recently, uncovering its formation linked to ancient ocean movements and hot magma plumes. In this unique region, the gravity of Earth is very low and the sea level has also been found to be over 106 m lower than the global average. The Indian Ocean Geoid Low (IOGL) as it is called is a vast area spanning approximately three million square kilometers. It baffled scientists due to its unusual sea level dip caused by gravitational forces near the Indian subcontinent. Investigating the Earth's internal structure, researchers discovered that the gravitational field of the planet is non-uniform due to variations in density and mass distribution. By examining how tectonic plates moved over 140 million years, the study led by Debanjan Pal and Attreyee Ghosh revealed a significant event in the Earth's past when an ancient ocean delved beneath the crust and interacted with molten rock nearly 30 million years ago. This study has been published in the journal, Geophysical Research Letters. Computer simulations indicated that plumes of hot, low-density magma were crucial for the gravity hole to form, with the first plume emerging about 20 million years ago, subsequently intensifying the gravity anomaly. The researchers emphasized the significance of these plumes in generating the IOGL, while also acknowledging the contribution of lower mantle Tethys slabs in forming the geoid low. This study not only unravels the mystery of the Indian Ocean's 'gravity hole' but also sheds light on the intricate interplay of Earth's geophysical forces that shape our planet's surface.

₹82.96 crore on Monday. On the other hand, for the second straight day, domestic institutional investors (DIIs) bought shares for ₹934.87 crore. On Monday's trade, for the second straight session, the domestic equity benchmark indices Nifty and Sensex ended in the negative with industry heavyweights ITC, Reliance Industries (RIL), and Kotak Mahindra Bank being the main drags.

Funding in the Indian fintech sector dropped 67% on year during the first half of 2023, an industry report released on Monday by market intelligence platform Tracxn said. In the first six months of 2023, Indian fintechs raised $1.4 billion, a significant drop from $4.3 billion in the same period last year. This trend has continued from the second half of 2022 when funding in the space hovered around $1.5 billion only.

Indian exporters on Amazon Global Selling recorded a business growth of nearly 70% at this year’s Prime Day Event held on July 11 and 12, surpassing the average growth rate in previous editions. Amazon Global Selling is the retail giant's flagship ecommerce exports program, through which it facilitates sellers in India to access overseas markets. For Amazon, Prime Day is a crucial sale event to boost sales in the mid-year timeline before it starts work on the Diwali sales, which go on for a month.

Coast Guard on Monday successfully carried out a risky mid-sea medical evacuation of a sailor, suffering from a suspected stroke and partial paralysis, from a private tanker off the Kerala coast amidst challenging weather conditions using the indigenously built Advance Light Helicopter (ALH) MK-III. The Coast Guard said it received information about the distressed crew member, Pradeep Das, on Sunday through the Centro Internazionale Radio Medic (CIRM), Italy.

Hindustan Times, Kai Bird said, “After he [Oppenheimer] was humiliated in 1954...Nehru offered him to come to India and become a citizen...But I do not think Oppenheimer considered it [the offer] seriously because he was a deeply patriotic American." In October 1954, Oppenheimer gave a speech saying that these atomic bombs were weapons for aggressors. “These are weapons of terror. They are not defensive weapons.