Indian Financial News

India and France will extend their ground-breaking defence cooperation in advanced aeronautical technologies by supporting the joint development of a combat aircraft engine. (A roadmap on this project will be prepared between Safran and DRDO before the end of this year)," the India-France joint communique read as quoted by ANI.  The two leaders stood in support of Safran Helicopter Engine's (France) industrial cooperation for the motorisation of heavy-lift helicopters under the Indian Multi-Role Helicopter [IMRH] programme.  A shareholders' agreement for engine development was reached between Hindustan Aeronautics Limited (HAL), India, and Safran Helicopter Engine, France, to facilitate the advancement of the IMRH programme, it added.

No matter how good the batters play, it is said that a Test match is won by bowlers. Indian bowlers put up a glorious show in the first Test against West Indies and took 20 wickets for 280 runs. But, this time, it was one bowler in particular: Ravichandran Ashwin, who took 12 out of those 20 wickets.

El Niño, the warm current in the Pacific Ocean that is exacerbating bad weather in the Global South. Check out this Plain Facts piece and its 6 charts to understand why the world could be staring at a food shortage. On the other side of the coin, Sayantan Bera explained why India should consider limiting the advertising of junk food, based on the World Health Organisation's recommendations.

₹2,636 crore in Indian stocks on Friday. On the other hand, domestic institutional investors (DIIs) extended their selling with an outflow of nearly ₹772.5 crore. Sensex and Nifty 50 witnessed a strong bullish tone, spiking to a new all-time high driven by IT stocks.

Narendra Modi, India's Ambassador to the US, Taranjit Singh Sandhu has met leaders from the area of critical and emerging technologies in Silicon Valley as part of iCET initiative. The Initiative on Critical and Emerging Technologies or iCET has emerged as a key pillar of the India-US relationship following the maiden state visit of Prime Minister Modi to the US from June 21 to 23. The initiative was launched early this year by the two national security advisors — Jake Sullivan from the US and Ajit Doval from India — but it has been propelled to a new height by Prime Minister Modi and President Joe Biden.

Rafale fighters of the Indian Air Force (IAF) participated in a flypast over the Champs-Elysees at the Bastille Day Parade. The Punjab Regiment led the march and was followed by the Indian Navy and then the Air Force as the left their mark at the annual parade to mark the historic fall of Bastille in 1789. The Punjab Regiment was led by Captain Aman Jagtap whie the Indian naval contingent was led by Commander Vrat Baghel.

The August gold futures were trading at Rs 59,285 per 10 grams on the MCX around 10 am, up by Rs 46 or 0.08% from Thursday's closing price. Meanwhile, September Silver futures were at Rs 75,585, rising Rs 259 or 0.34%. Gold and silver futures ended in the green in the previous session.

railway station from July 15 onwards. It will now arrive at 03:09 hrs and will depart at 03:10 hrs.

Narendra Modi, in a significant announcement, has declared that Indian students pursuing a master's degree in France will now be granted an extended post-study visa lasting five years, as opposed to the previous two-year work visa.  PM Modi made this announcement during his address to the Indian community at LA Seine Musicale in Paris, where he was warmly welcomed by the attendees. This change in visa policy aims to facilitate opportunities for Indian students in France. "The last time I came to France, it was decided that Indian students studying in France would be given a two-year post-study work visa.

India Meteorological Department (IMD) has also issued rainfall alerts for several states for the next few days. Uttarakhand is on red alert today and an orange alert during 15-17 July. An orange alert of heavy to very heavy rainfall has been issued in Uttar Pradesh, Assam on 14 July.

Check all LIVE updates on PM Modi's France visit here. “Glimpses from a memorable community program in Paris. Gratitude to all those who joined us.

Narendra Modi is set to receive a prestigious recognition during his visit to France, as he will be the guest of honour at the Bastille Day 2023 military parade. The parade, taking place in Paris, will feature French and Indian soldiers marching down the iconic Champs-Elysees avenue. As a symbolic display of cooperation, the Indian Air Force's Rafale fighter jets, purchased from France in 2015, will participate in the fly-past over the renowned Arc de Triomphe.

Bank NiftyBANK NIFTY continued to underperform the broader markets with sharp profit booking in PSU bank index as it made a double top near 4500 levels.The weekly candle has turned negative and the positive momentum will be above 45,000 levels only and lower top confirms further weakness.On the downside support is placed near the 20 day SMA of 44,350 levels and can witness some bounce from the lower part of the range.Highest call OI is at 45000 strike while on the downside the highest put OI is at 44,500 for the weekly expiry.Wipro Ltd reported a dollar revenue decline of 2.1% in the June quarter, after Tata Consultancy Services (TCS) Ltd and HCL Technologies Ltd posted tepid numbers earlier, stoking growth concerns in India’s $245 billion IT services industry this fiscal year.Worryingly, Wipro has forecast that its revenue could contract again in the September quarter. The country’s fourth-largest IT services firm estimates revenue could fall by 2% or improve by 1% in constant currency terms.

inflation data reinforced hopes that the Federal Reserve is approaching an interest-rate peak. In the US, data showed the producer price index climbed 0.1% in June, its smallest year-on-year gain since August 2020 and followed a 0.9% increase in May. A separate report showed initial claims for state jobless benefits dropped 12,000 to a seasonally adjusted 237,000 for the week ended July 8, but overall the labor market remains tight.

Telugu actor Roshann Meka will feature alongside superstar Mohanlal in pan-India film 'Vrushabha', the makers said Thursday. Ektaa R Kapoor's Balaji Telefilms has teamed up with Connekkt Media and AVS Studios for the multilingual project, to be directed by Nanda Kishore. Meka, known for starring in Telugu movies 'Nirmala Convent' and 'Pelli SandaD', will play the son of Mohanlal's character, a press release stated.

Narendra Modi is on his two-day visit to France where he addressed the Indian diaspora at the La Seine Musicale. On his arrival, he was received by Prime Minister Borne at the airport in a special gesture. A ceremonial welcome and Guard of honour were accorded to Prime Minister Modi upon his arrival at the airport. Some of the iconic quotes made by PM Modi during his speech-

Australia and Brazil are set to experiment with growing arhar (pigeon peas) for consumers in India, where demand for the popular yellow lentil--the main ingredient of 'dal tadka' and 'sambhar'--has been outpacing domestic production for some years now. At a recent meeting between Australian Agriculture Minister Murray Watt, top officials of India's food ministry and representatives of the Indian Pulses and Grains Association (IPGA), it was decided that IPGA will facilitate pigeon pea farming in Queensland with the help of the Australian trade body Pulse Australia, according to officials.

Anurag Jain has loved cricket his entire life, but after learning how much players made he ditched his dream of making a career of it and ultimately went into business.  These days he’s the managing partner of Perot Jain, a venture capital firm he co-founded with Texas billionaire Ross Perot Jr. If things go to plan, Jain could have a far greater impact on the game than he ever could with a bat and ball.  Jain is part-owner with Perot of the Texas Super Kings, a team created this year based in Dallas. On Thursday evening, Jain’s team, which is also backed by India’s Chennai Super Kings, will host the Los Angeles Knight Riders in Major League Cricket’s first game in the US.

Tom Cruise has proved yet again, why he’s the undisputed king when it comes to box-office. The superstar’s latest film ‘Mission: Impossible -Dead Reckoning Part One’ is demolishing the Indian box-office. According to the Indian film trade tracking portal Sacnilk.com, the action extravaganza has minted about Rs 12.50 crore. This makes the Christopher McQuarrie directorial, movie has become the biggest opener from the ‘Mission Impossible’ franchise. The predecessor, ‘Mission: Impossible-Fallout’ which was released in 2018, collected Rs 9 crore on the opening day and enjoyed a lifetime collection of Rs 80 crore. As per Sacnilk.com, the movie is predicted to earn Rs 8.5 crore on the first Thursday. If it manages to do so, the figure will come to a rather fabulous Rs 20 crore. This impressive opening-day collection has surpassed the first-day figures of several movies such as ‘John Wick: Chapter 4’ (Rs 10 crore), the ‘Ant-Man and the Wasp: Quantumania’ at Rs (Rs 9 crore), and ‘Guardians of the Galaxy Vol. 3’ with approximately (Rs 7.30 crore) and ‘Indiana Jones and the Dial of Destiny Box ‘ (Rs 2 crores). The Cruise -starrer is expected to have a huge opening globally as well. A Variety report has speculated that ‘Dead Reckoning Part One’ will probably make $95 million in North America and $165 million at the global box-office. This would make the total collection a staggering $250 million.

Blockchain layer 1 network 5ire, which secured series A funding last year valuing the company at $1.5 billion, is now bidding farewell to one of its co-founders.

₹2,238 crore in Indian stocks on Thursday. The performance comes at a time when Sensex and Nifty 50 hit a new lifetime high. Also, TCS Q1 earnings led to a sharp rally in IT stocks which was the top eye candy of the latest trading session.