Updates Financial News

Budget 2024 Expectations Live Updates: India, currently the world’s fifth-largest economy, is anticipated to climb to the third rank in the coming years. FM Sitharaman’s Budget 2024 is expected to outline a roadmap for sustained economic growth.

The NSE Nifty index was trading 66.71 points down at 24546.3, while BSE Sensex was down 148.2 points at 80568.35 at the time of writing this report.

Karma Energy Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), KPI Green Energy Ltd.(up 4.87%), Power and Instrumentation(Gujarat)Ltd.(up 1.99%), KEC International Ltd.(up 1.98%), Torrent Power Ltd.(up 0.52%) and India Power Corporation Ltd.(up 0.24%) were among the top gainers.

Glenmark Pharmaceuticals Ltd.(up 0.55 per cent), Mankind Pharma Ltd.(up 0.52 per cent), Abbott India Ltd.(up 0.35 per cent) and Sanofi India Ltd.(up 0.17 per cent) were among the top gainers.

Lexus Granito(India)Ltd.(up 1.77%), The Orissa Minerals Development Company Ltd.(up 0.55%) and KIOCL Ltd.(up 0.27%) were among the top gainers.

Benchmark NSE Nifty index rose 50.25 points to 24663.25 amid buying in frontline bluechip stocks.

EID Parry(India)Ltd.(up 0.19%) and Balrampur Chini Mills Ltd.(up 0.12%) were among the top gainers.

Indian Navy warship INS Teg is actively engaged in a search and rescue operation off the coast of Oman after an oil tanker capsized on July 15. As of now, the mission has successfully rescued eight Indian nationals and one Sri Lankan from the stricken vessel. The Indian Navy continues to search for additional crew members who remain missing. The operation was launched immediately after the tanker capsized, with INS Teg deploying advanced equipment and personnel to locate and assist the remaining crew. The Navy has coordinated with local Omauthorities and international maritime agencies to enhance the search efforts.

Catch all the LIVE Updates on NEET UG SC hearing hereThe Supreme Court is scheduled to hear on Thursday a batch of petitions related to the controversy-ridden medical entrance exam NEET-UG 2024 which was held on May 5.According to the cause list of July 18 uploaded on the apex court's website, a bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra would hear more than 40 pleas, including those filed by the National Testing Agency (NTA) seeking transfer of cases pending against it in various high courts on the NEET-UG row to the Supreme Court to avoid multiplicity of litigations.

Budget 2024 to overcome current challenges and support growth. The focus is on enhancing regional connectivity, expanding airport infrastructure, and supporting domestic maintenance, repair and overhaul (MRO) and aircraft leasing. ENHANCED REGIONAL CONNECTIVITY: Strengthen regional connectivity scheme (UDAN) to improve access to underserved and remote regions, boosting connectivity and tourism. «The Indian aviation industry expects a continued focus on enhancing regional connectivity through UDAN and expanding airport infrastructure to support growth,» said Kinjal Shah, Co-group Head, Corporate Ratings, ICRA. INCENTIVES FOR MRO SECTOR:Provide financial incentives domestically, reducing reliance on foreign facilities, fostering local industry growth.

According to a quarterly update published today (17 July), the AIM-listed wealth manager reported £200m net outflows in the three months to 30 June, slowing from £300m in the previous quarter.  Outflows were more than offset by strong investment performance, which achieved a 1.4% return. This outperformed the benchmark, the MSCI PIMFA Private Investor Balanced index, which rose by 1.1% during the same period. «Outflows have remained elevated but with a more certain political backdrop, lower inflation and the increased likelihood of a reduction in interest rates, we anticipate that the...

iOS 18 was initially showcased at WWDC 2024 last month, highlighting its new customization options, redesigned apps, and significant changes for iPhone users. Touted as one of Apple's most substantial iPhone upgrades, iOS 18 promises to bring a host of new functionalities.However, it is essential to note that not all iPhones are eligible for the iOS 18 beta.

Mutual funds and stocks: If you already have investments in India such as mutual funds or stocks, you must update your KYC (know your customer) details to reflect your NRI status. You must update your KYC as per FEMA regulations to continue holding these investments legally. The required documents vary, depending on the investment type, and the process involves changing your status from resident to NRI and providing proof of your new status and foreign address.

₹30,000 this month.Among the latest contenders is the OnePlus Nord 4, which has quickly made its mark in this segment. It boasts a 6.74-inch AMOLED display with a 120Hz refresh rate, and is powered by Qualcomm's Snapdragon 7+ Gen 3 chipset.

Even though there are about three weeks left for the ITR filing deadline, many tax filers have been faced with major tech issues when using the Income Tax Department’s. These include basic glitches like logging into the e-filing portal to resetting the password to big ones like discrepancy in pre-filled data in ITR forms and difficulty in e-verification. Chartered accountant associations have been writing to the tax department asking them to rectify these issues at the earliest.

In this article

India’s economy is now forecast to expand 7%, up from the 6.8% the IMF had projected in April, in part because of stronger consumer spending in rural areas. Overall, the IMF said Tuesday that it still expects the world economy to grow a lackluster 3.2% this year, unchanged from its previous forecast in April and down a tick from 3.3% growth in 2023. From 2000 through 2019, before the pandemic upended economic activity, global growth had averaged 3.8% a year.

Microsoft's hiring of certain former employees from artificial intelligence startup Inflection has been referred for an initial merger investigation in the U.K.

Mint dives into the updated details to understand what this means for startup founders in India. The rule mandates entrepreneurs to be either living abroad or already within the US. Spouses of these entrepreneurs could also apply for employment authorization after being paroled.

The net profit for Q1FY25 stood at Rs 313 crore as against Rs 332 crore reported by the company in the corresponding period of the last financial year.

Sunteck Realty Ltd.(up 7.65 per cent), Brigade Enterprises Ltd.(up 4.32 per cent), Prestige Estates Projects Ltd.(up 3.98 per cent), Phoenix Mills Ltd.(up 1.72 per cent) and Godrej Properties Ltd.(up 1.66 per cent) were among the top gainers.