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INDIA BUSINESS | Thu, 2 May 2024, 3:24PM IST Federal Bank plans to present a roster of potential candidates for the managing director role to the RBI soon, though their identities remain confidential. Shyam Srinivasan, the managing director, confirmed the advanced stage of the selection process.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 2 May 2024, 3:24PM IST Taxpayers should use the calendar for financial and tax planning

Continue reading at Business Standard

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INDIA MARKET | Thu, 2 May 2024, 3:19PM IST In Thursday's trading session, shares of InterGlobe Aviation, the operator of IndiGo Airlines, surged 3% to reach a record high of Rs 4,098.45 on the BSE. This uptick followed the company's announcement of placing an order for 30 Firm A350-900 aircraft.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 2 May 2024, 3:17PM IST Fund review: Franklin India Smaller Companies Fund

Continue reading at Business Standard

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INDIA BUSINESS | Thu, 2 May 2024, 3:14PM IST Gold is suitable as a store of value. It performs well when the market is uncertain or fearful

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INDIA MARKET | Thu, 2 May 2024, 3:14PM IST In its short-range outlook released last month, the World Steel Association said that it expects global demand to go up by 1.7% on year. AMNS India in which ArcelorMittal has a 60% equity interest produced 1.98 million, and sold 2.02 million tonne of steel during the March quarter.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 2 May 2024, 3:13PM IST Digital empowerment of pensioners is being implemented through various means such as Digital Life Certificates and Bhavishya Portal

Continue reading at Business Standard

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INDIA MARKET | Thu, 2 May 2024, 3:09PM IST In the quarter-ending March (Q4FY24) results, Star Health's net profit jumped 40 per cent to Rs 142.3 crore, as against Rs 101.8 crore in the same quarter a year ago

Continue reading at Business Standard

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INDIA MARKET | Thu, 2 May 2024, 3:06PM IST The new update, packing AI features, for Snapchat will roll out in the coming months and will be available first to Snapchat Plus subscribers

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INDIA MARKET | Thu, 2 May 2024, 3:05PM IST The company's board has recommended a dividend of Rs 1.30 per equity share for the financial year 2023-24.

Continue reading at Economic Times

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INDIA MARKET | Thu, 2 May 2024, 3:05PM IST For the fourth quarter of FY24, the company's net profit surged 181.8% to Rs 29.66 crore as against Rs 10.52 crore in the corresponding period of last year.

Continue reading at Economic Times

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INDIA MARKET | Thu, 2 May 2024, 3:01PM IST Stock Market Live on May 2: The broader markets were also in green. The BSE MidCap and SmallCap indices gained 0.7 and 0.4 per cent respectively.

Continue reading at Business Standard

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INDIA BUSINESS | Thu, 2 May 2024, 3:01PM IST Vikram Solar has secured a 250 MW solar module supply order from Gujarat Industries Power Company Ltd (GIPCL), under the government's Approved List of Models and Manufacturers. The high-efficiency, bifacial modules will be manufactured, tested, and installed at a renewable energy park near Khavda, Gujarat.

Continue reading at Economic Times

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INDIA MARKET | Thu, 2 May 2024, 2:58PM IST The revenue from operations of the homegrown Ayurveda major jumped 5.3 per cent YoY to Rs 2,814.64 crore in the March 2024 quarter. Its topline came in at Rs 2,672.80 crore in the same quarter previous fiscal.

Continue reading at Business Today

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INDIA BUSINESS | Thu, 2 May 2024, 2:58PM IST India's current account will wing to a surplus in the March quarter, economists said

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INDIA MARKET | Thu, 2 May 2024, 2:57PM IST At this time in 2019, the implied volatility was 28 per cent-30 per cent, suggesting an investor had to pay much more to protect against an unexpected outcome -- a BJP loss -- that year

Continue reading at Business Standard

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INDIA BUSINESS | Thu, 2 May 2024, 2:54PM IST Barclays' Kotecha eyes $20-$25 billion, with upside risks as an attractive carry, stable currency, and a positive macro backdrop and fiscal picture make Indian bonds attractive

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INDIA BUSINESS | Thu, 2 May 2024, 2:53PM IST A report by the Asian Development Bank (ADB) highlights India's low health insurance coverage for older people, emphasizing the need to expand universal health coverage. While countries like South Korea and Thailand have achieved universal coverage, India lags behind, with only 21% of older people covered. The report acknowledges the positive impact of schemes like Ayushman Bharat but calls for further expansion to improve the well-being of older individuals and enhance their productivity for the economy. It also stresses the importance of extending essential services to optimize older people's physical and functional capacity.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 2 May 2024, 2:52PM IST 5-year partnership also involves Indian company providing engineering services to Forvia

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INDIA BUSINESS | Thu, 2 May 2024, 2:46PM IST Dabur Q4FY24 results: The board of Dabur has recommended a final dividend Rs 2.75 per equity share having face value of Re. 1 each for the financial year 2023-24

Continue reading at Business Standard

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INDIA MUTUAL FUNDS | Thu, 2 May 2024, 2:41PM IST IIFCL Asset Management Company along with four individuals have settled with Sebi a case pertaining to alleged violation of mutual fund norms after paying Rs 1.02 crore collectively towards settlement charges.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 2 May 2024, 2:41PM IST Given the oversight of different regulatory bodies and that Covishield is produced locally by Serum Institute of India, Indian users may not be able to join the British lawsuit

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INDIA MARKET | Thu, 2 May 2024, 2:40PM IST Vishal Malkan discusses market trends, stock selections, and potential breakouts in various sectors. He emphasizes the importance of chart analysis for identifying breakout levels and volume trends, suggesting potential price targets for specific stocks.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 2 May 2024, 2:36PM IST Morgan Stanley PE Asia and India Life Sciences Fund are investing almost equally, total stake with both funds combined will be over 60% post primary investment, the company told ET.

Continue reading at Economic Times

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INDIA MARKET | Thu, 2 May 2024, 2:35PM IST The company plans to raise about Rs 2,200 crore through the public offer, which includes a fresh equity sale of Rs 500 crore and an offer for sale (OFS) of Rs 1,700 crore.

Continue reading at Economic Times

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GLOBAL NEWS | Thu, 2 May 2024, 2:34PM IST The breakdown of 12 horses in the days surrounding the celebrated race a year ago has led to existential questions about the sport and its future.

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GLOBAL NEWS | Thu, 2 May 2024, 2:34PM IST The first tech monopoly trial of the modern internet era is concluding. The judges ruling is likely to weigh heavily on a pipeline of similar antitrust cases.

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INDIA BUSINESS | Thu, 2 May 2024, 2:33PM IST Mahindra & Mahindra reported a 13% increase in total wholesales to 70,471 units in April 2023, with total dispatches to dealers at 62,294 units. Domestic passenger vehicle sales rose 18% to 41,008 units, while exports increased by 2% to 1,857 units. Tractor sales also rose by 2% to 37,039 units. The company's President, Farm Equipment Sector, attributed the growth to government wheat procurement and above-normal monsoon rains.

Continue reading at Economic Times

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INDIA NEWS | Thu, 2 May 2024, 2:33PM IST Mahindra & Mahindra on Thursday said its total wholesales increased 13 per cent year-on-year to 70,471 units in April as compared to the same month last year. The company's total dispatches to its dealers stood at 62,294 units in April 2023. The Mumbai-based auto major's passenger vehicle sales in the domestic market rose 18 per cent to 41,008 units last month against 34,698 units in April 2023, it said in a statement. Total exports increased 2 per cent to 1,857 units last month from 1,813 units in the year-ago period. The company said its tractor sales in April 2024 rose 2 per cent to 37,039 units as against 36,405 units in the same period last year. "Government's wheat procurement operations are going on in full swing with good mandi arrivals, keeping the rural cash flows healthy," M&M President, Farm Equipment Sector Hemant Sikka said. IMD's forecast of an above normal monsoon rains and festivals in the month of April have helped bring positivity in rural sentiments, he added.

Continue reading at Economic Times

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GLOBAL NEWS | Thu, 2 May 2024, 2:33PM IST Amit P. Mehta, a judge in U.S. District Court for the District of Columbia, will issue a landmark antitrust ruling.

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GLOBAL NEWS | Thu, 2 May 2024, 2:32PM IST The boundaries between art, fashion and luxury seem to be melting away. Thats great for brands, but what about artists and the art?

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INDIA MARKET | Thu, 2 May 2024, 2:30PM IST Multibagger stock: Tata Motors shares gained 2.19% to Rs 1029.95 against the previous close of Rs 1007.85 on BSE. The multibagger auto stock has climbed 114% in a year and risen 30% this year.

Continue reading at Business Today

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INDIA BUSINESS | Thu, 2 May 2024, 2:26PM IST Indus Towers received an additional Rs 360 crore from Vodafone Idea (Vi) for old dues, but analysts note a Rs 60 crore shortfall in collections. Despite this, Indus' trade receivables increased by Rs 430 crore sequentially in Q4FY24, reflecting the delayed collection of Vi's past outstandings, ultimately settled in April.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 2 May 2024, 2:26PM IST At nearly one million square feet, the new campus will become operational by the end of the month

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INDIA MARKET | Thu, 2 May 2024, 2:26PM IST Stock Market Live on May 2: The broader markets were also in green. The BSE MidCap and SmallCap indices gained 0.7 and 0.4 per cent respectively.

Continue reading at Business Standard

1h

INDIA BUSINESS | Thu, 2 May 2024, 2:24PM IST The launch of flight on this route marks the international debut of Air India's recently acquired aircrafts, making it the sole carrier to operate the A350 between India and Dubai.

Continue reading at Economic Times

1h

INDIA MARKET | Thu, 2 May 2024, 2:23PM IST We work with about 100,000 farmers to grow sustainable cotton. We are rapidly decarbonizing our energy footprint. So, a lot of renewables, we are replacing fossil fuels for thermal energy using agro waste, so sustainability is a very, very strong theme. So, I think these are the couple of big themes right now -- consolidation, more verticality, and a huge focus on sustainability.

Continue reading at Economic Times

1h

INDIA MARKET | Thu, 2 May 2024, 2:23PM IST Dabur Q4 Results: The Board has recommended final dividend of Rs 2.75 per equity share for the financial year 2023-24.

Continue reading at Economic Times

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INDIA MARKET | Thu, 2 May 2024, 2:20PM IST Surya Roshni, Gallantt Ispat, Sarda Energy & Minerals, Welspun Corp and Vardhman Special Steels (VSSL) have surged between 5 per cent and 11 per cent in Thursday's intra-day trade

Continue reading at Business Standard

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INDIA BUSINESS | Thu, 2 May 2024, 2:17PM IST Airbnb, an accommodation platform, is now offering its customers a chance to stay in unique places that are much more than just holiday rentals

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INDIA MARKET | Thu, 2 May 2024, 2:15PM IST Adani Ports and Special Economic Zone declared a dividend of Rs 6 per equity share on Thursday along with their Q4 results. The Adani Group company has declared June 14 as the record date for determining eligible shareholders and the payment will take place on or after June 30.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 2 May 2024, 2:14PM IST Federal Bank declined to comment on reports of KVS Manian as MD & CEO candidate, emphasizing their search for the best candidate, internal or external. Manian, a former Kotak Mahindra Bank executive, is speculated for the role. Federal Bank reported Q4FY24 earnings, with a net profit of Rs 906 crore

Continue reading at Economic Times

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INDIA MUTUAL FUNDS | Thu, 2 May 2024, 2:11PM IST The minimum SIP investment is Rs 100 and in multiples of Re 1 thereafter. The minimum lumpsum investment is Rs 500 and in multiples of Re 1 thereof.

Continue reading at Economic Times

1h

INDIA MARKET | Thu, 2 May 2024, 2:10PM IST The stock quoted a 52-week high of Rs 213.7 and a 52-week low of Rs 102.95.

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