Indian Financial News

rupee will hold on to its recent gains against the dollar in coming months and strengthen marginally in a year, on strong macroeconomic trends and expectations the U.S. Federal Reserve is nearing the end of its hiking cycle, a Reuters poll showed. Despite the Reserve Bank of India (RBI) ending an already-modest rate hiking cycle well before many of its peers, the rupee is up nearly 1% for the year on large foreign capital inflows in a brightening economic outlook.

minutes showed that the central bank was split on pausing interest rate hikes in June and sees more rate hikes at a slower pace going ahead. At the June 13-14 meeting, the Federal Open Market Committee (FOMC)’s decision to hold  interest rate after 10 consecutive increases was to buy time and assess whether further rate hikes would be needed, the minutes showed On the domestic front, the Indian equity indices ended flat on Wednesday after hitting record highs for the last four consecutive sessions. After showing high volatility at high levels, Nifty continued to show consolidation movement on Wednesday and closed the day higher by 09 points.  “Global worries along with moderation in Service PMI data briefly impacted the domestic market’s rally.

Credit Suisse to retain the banking license in its name in India, according to a report published by ET NOW on Wednesday. UBS has hired Morgan Stanley’s Tom Wipf to help lead the Credit Suisse tie-up.  UBS is dealing with the integration of Credit Suisse Group AG’s business after the bank’s emergency takeover.

₹1,000. Other Indian brands also plan to launch inexpensive smartphones. After having lost out to Chinese brands nearly a decade ago, can the Indian brands cut it in today’s market? Mint decodes.

Visakhapatnam to further expand their overall military cooperation. The Indian Navy is hosting the seventh edition of the Japan-India Maritime Exercise (JIMEX) and this edition marks the 11th anniversary of wargame since its inception in 2012.

₹1 trillion, three times of the figure nine years ago. Dividends paid to the government, their major shareholder, have been handsome. The finance minister justifiably rattled off a list of impressive statistics recently on the sector’s health.

₹8,742.32 crore of Indian equities, while they sold ₹7,139.17 crore --- resulting in an inflow of ₹1,603.15 crore. Meanwhile, DIIs selling was more than buying. They infused ₹7,983.81 crore but offloaded ₹8,422.82 crore, registering an overall outflow of ₹439.01 crore.

India is in the final stages of forming policies t... moreIndia is in the final stages of forming policies to kick-start the Indian carbon market.

South Indian Bank shares rally on Wednesday after it posted healthy growth in Q1 gross advances and deposits. The shares jumped more than 3.5% on BSE. Following the Q1 update, brokerage ICICI Direct has recommended buying this Kerala-based private sector bank with a potential upside of over 13% going forward.

H-1B visas, has been welcomed by an Indian community in the country. "I am honoured and happy to see this announcement by the White House Joint Statement and Prime Minister (Narendra) Modi himself making an announcement.

Indian Naval Air Squadron 324 (INAS 324) at INS Dega in Visakhapatnam celebrated its maiden anniversary on Tuesday. «Indian Naval Air Squadron 324 (INAS 324) at INS Dega, Visakhapatnam celebrates its maiden anniversary today. Indian Naval Air Squadron 324 is equipped with indigenous ALH Mk III helicopters,» an official statement said.

shopping/booking/hiring of products and services. One such interesting finds of the survey is that a smartphone consumer in India benefits by ₹6 for every Re 1 spent. The study also states that the economic value of smartphones for the rich is almost 50% higher in India as compared to the middle class.

Indian Hotels Company Ltd. rose 0.71 per cent to Rs 383.25 in Wednesday's trade. It hit an intraday high of Rs 383.85 and low of Rs 376.85, respectively, during the day.

yellow metal. The DXY was trading with a positive bias above the 103 mark against a basket of six major currencies ahead of US Fed meeting minutes. The August Gold futures were trading at Rs 58,460 per 10 grams around 10 am on the MCX, rising Rs 51 over Tuesday's closing price.

ABP news, the incident took place around 4 pm on Tuesday when Praveen was coming from the Pandav Nagar area via his Land Rover Defender car when his car collided with the canter near the commissioner's residence.  While Praveen Kumar's car was severely damaged both the former Indian cricketer and his son escaped unhurt from the accident. Civil Line Police is reported to have reached the spot immediately and arrested the canter driver.  Praveen Kumar has represented India in all three formats of the game i.e.

tomatoes has been the subject of much discussion in recent days, the prices of other vegetables are also rising in many Indian states. According to a report in the Times of India, vegetable prices in Patna have increased significantly since the beginning of May. While the maximum hike has been in the price of tomatoes, the prices of other vegetables have also shot up, including cauliflower, cabbage, lady finger, etc.

IndiGo, India's largest airline, has made history ... moreIndiGo, India's largest airline, has made history with a record-breaking order of 500 planes, following Air India's recent deal for 470 aircraft.

Indian market scaled record high for the fourth consecutive session on Tuesday led by robust foreign capital inflow amid optimism over the country’s bright macroeconomic outlook. Also Read: Buy or sell: Vaishali Parekh recommends buying in 3 stocks today — 5 July Japan’s Nikkei 225 declined 0.36% and the Topix fell 0.5%. South Korea’s Kospi gained 0.15% and the Kosdaq rose 0.11%.

Google on Tuesday said it has selected 20 Indian startups, including the train ticket booking app Trainman for the seventh edition of its Google for Startups Accelerator. These Seed to Series A startups will work to harness the power of generative artificial intelligence (AI) and have been chosen from more than 1050 applications, the company said.

The Manufacturing Purchasing Managers’ Index (PMI) shows India as the only large economy whose factory output is growing significantly. How are the other global economies doing, and what is driving India’s manufacturing? How credible is PMI as a measure? Mint explains. It is robust.

₹2,134 crore in Indian stocks when the US market will be closed. Traders' sentiment has remained optimistic in domestic equities. The market is placing its bets ahead of Q1 results for FY24.