India Financial News

markets regulator, Madhabi Puri Buch, continued to earn revenue from a consultancy firm during her seven-year tenure, potentially breaching rules for regulatory officials, according to public documents reviewed by Reuters. Hindenburg Research has alleged a conflict of interest in Buch's investigations surrounding the Adani Group due to her previous investments. The allegations against the Gautam Adani-led conglomerate, made in January last year, triggered a big drop in the share prices of the flagship Adani Enterprises and other group firms which later recovered, prompting an ongoing investigation by the Securities and Exchange Board of India (SEBI).

Ravi Gandhi, Additional Director General (ADG), BSF Eastern Command, Kolkata, who is also heading committee constituted by Ministry of Home Affairs (MHA) Government of India to monitor the current situation on Indo-Bangladesh border, conducted a comprehensive review of the operational preparedness and prevailing security scenario along the Indo-Bangladesh. He is on a four day-long visit to the international border to the BSF Guwahati Frontier's area of responsibility. On the first day of his visit at Sector Headquarters Gopalpuri Gandhi was briefed by Makrand Deouskar, Inspector General (IG) of Guwahati Frontier, along with senior staff officers.

Retailers Association of India (RAI) have urged the Delhi government and Municipal Corporation of Delhi (MCD), to reconsider the prohibitive signage fees currently being imposed in Delhi and the National Capital Region (NCR). These fees are significantly higher than those in other parts of India, placing a heavy financial burden on small and medium retail traders who rely on store signage to attract customers. RAI, representing approximately 13,667 member establishments nationwide, including large and small retailers, is committed to fostering a supportive environment for the growth of modern retail in India. The current signage fees in Delhi NCR, particularly in areas such as Janakpuri, are making it increasingly difficult for retailers to afford the necessary signage that highlights their stores to the public.

Lucknow. The conference would be held with the theme «Sashakt aur Surakahit Bharat: Transforming the Armed Forces' (String and Secure India: Transforming the Armed Forces'). The first day of the conference would be addressed by the Chief of Defence Staff, where the topmost defence officer in the country is expected to address the military commanders on how the wars of the future will be fought and how the Indian armed forces will tackle the security challenges through transformation into Theatre Commands, defence sources told ANI.

Mint’s Founder Diaries podcast series, as well as important business and life lessons for entrepreneurs. Like a million people in India, I am an engineer and an MBA and I was in consulting before starting what we now know as Rebel Foods. I was with McKinsey after my business school in London.

Franklin Templeton Mutual Fund announced the launch of Franklin India Ultra Short Duration Fund, an open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between three months and six months with a fund with relatively low interest rate risk and moderate credit risk. The new fund offer or NFO of the scheme will open for subscription on August 19 and will close on August 28 during which units will be available at Rs 10 per unit. The scheme will reopen for continuous sale and repurchase on August 30. The fund shall invest in debt and money market instruments like non-convertible debentures, bonds, certificates of deposits, commercial papers, treasury bills and government securities such that the Macaulay duration of the portfolio is between 3 months and 6 months.

Tasty Bite Eatables Ltd.(up 8.74%), Prataap Snacks Ltd.(up 7.27%), LT Foods Ltd.(up 5.55%), Patanjali Foods Ltd.(up 3.45%), Adani Wilmar Ltd.(up 3.13%), Jyothy Labs Ltd.(up 2.79%), Vadilal Industries Ltd.(up 2.59%), Godrej Consumer Products Ltd.(up 2.48%), Emami Ltd.(up 2.42%) and Dabur India Ltd.(up 2.19%) stood among the top gainers.

The Nirman Bhawan, located near Parliament in Lutyens' Delhi, houses the Ministry of Health besides other departments. Resident doctors are standing on the side of the road outside Nirman Bhawan, with a heavy presence of police officers who have placed barricades on both sides of the road.

Voltamp Transformers Ltd.(up 6.82%), Hitachi Energy India Ltd.(up 6.37%), Inox Wind Energy Ltd.(up 5.00%), Reliance Power Ltd.(up 4.98%), Jyoti Structures Ltd.(up 4.38%), Suzlon Energy Ltd.(up 4.15%), Adani Power Ltd.(up 3.47%), JSW Energy Ltd.(up 2.96%), GE T&D India Ltd.(up 2.96%) and Indo Tech Transformers Ltd.(up 2.80%) stood among the top gainers.

baolis that once populated Delhi. Inside, it feels like you are walking through time as a map showcases Delhi’s 2,500-year-old history. Visitors can see architectural models of monuments such as the Nila Gumbad, which sits in the middle of a busy traffic intersection a few yards from the Humayun’s Tomb complex.

markets regulator, Madhabi Puri Buch, continued to earn revenue from a consultancy firm during her seven-year tenure, potentially breaching rules for regulatory officials, according to public documents reviewed by Reuters. Hindenburg Research has alleged a conflict of interest in Buch's investigations surrounding the Adani Group due to her previous investments. The allegations against the Gautam Adani-led conglomerate, made in January last year, triggered a big drop in the share prices of the flagship Adani Enterprises and other group firms which later recovered, prompting an ongoing investigation by the Securities and Exchange Board of India (SEBI). Buch, in a statement on Aug. 11, denied allegations of a conflict of interest and termed them as an attempt at «character assassination».

Shares of Glenmark Pharmaceuticals Ltd.(up 5.01 per cent), Biocon Ltd.(up 4.06 per cent), Mankind Pharma Ltd.(up 3.83 per cent), Abbott India Ltd.(up 3.24 per cent) and Zydus Lifesciences Ltd.(up 1.46 per cent) ended the day as top gainers in the pack.

ACI) the highest Level five accreditation, officials said on Friday. Bangalore Airport has made a remarkable 95.6 per cent reduction in Scope 1 and 2 Greenhouse Gas (GHG) emissions, attaining the highest emission elimination by an Indian airport, achieved seven years ahead of the initial target of 2030, they said. The accreditation comes into effect from May 5, 2024. «BLR Airport has made significant strides in its decarbonisation journey and set new benchmarks by transitioning to 100 per cent renewable electricity and implementing initiatives focusing on sustainable mobility and green infrastructure.

WHO declares Mpox a global public health emergency; ‘coordinated international response essential,’ says DG Tedros Mpox is a self-limiting viral zoonotic infection (spreading between animals and humans) with symptoms like smallpox, but with less clinical severity. It causes painful skin lesions, fever, headaches and muscle aches. Human-to-human transmission occurs mainly through large respiratory droplets requiring prolonged close contact.

Narendra Modi on Friday spoke with Bangladesh government's interim head and Noble Peace laureate Muhammad Yunus and extended India's full support in restoration of peace in the neighbouring country. In a post on X, PM Modi said that Yunus has assured protection, safety and security of Hindus and all minorities in Bangladesh. After the fall of Sheikh Hasina’s government, who resigned and fled to India on August 5 amid massive protests over a controversial job quota system, reports have surfaced that Bangladesh experienced a surge in violence against the Hindu community.

Dalmia Bharat Sugar and Industries Ltd.(up 5.90%), Avadh Sugar & Energy Ltd.(up 4.01%), Balrampur Chini Mills Ltd.(up 4.00%), Mawana Sugars Ltd.(up 3.51%), Dhampur Sugar Mills Ltd.(up 2.07%), Triveni Engineering & Industries Ltd.(up 1.93%), Ugar Sugar Works Ltd.(up 1.62%), Ponni Sugars(Erode)Ltd.(up 1.55%), EID Parry(India)Ltd.(up 1.48%) and Sakthi Sugars Ltd.(up 1.26%) stood among the top gainers.

Mahindra Finance said on Friday that it appointed Bijoy Thaplial as chief business officer (leasing, partnerships and payments) and named Mod Narayan Singh its chief compliance officer. With more than 27 years of experience, Thaplial will lead Quiklyz (the vehicle leasing and subscription business of Mahindra Finance), identify and foster meaningful alliances and strengthen the execution strategy across all payment products, the company said. Thaplial, who previously worked at Axis Bank, will also focus on advancing leasing strategies, fostering partnerships, and improving payment and lending solutions to drive growth and enhance customer satisfaction, it said. The company said last month that Thaplial would join on August 1.

Deutsche Bank has appointed Manik Chhabra as its head of global corporate coverage for India and Sri Lanka, starting August 19, sources aware of the development said. Chhabra is moving to the German bank from US-based lender Citibank where he held many senior corporate banking roles over the last 22 years. He leaves Citibank as India head for mid corporates. A Deutsche Bank spokesperson declined to comment on the matter.

R N Agarwal, regarded as the father of Agni missiles in the country, passed away here. He was 84. Agarwal, a recipient of the Padma Bhushan, died on Thursday following mild old-age related ailments, DRDO sources said. He had served as the Agni programme director and also as the director of ASL (Advanced Systems Laboratory) in Hyderabad.

Samir Arora, Founder, Helios Capital, says we cannot let go of pockets of flow by just believing that we are getting Rs 20,000 crore a month. The SIP numbers are good, but they are not what you think are. The actual net flows are not Rs 20,000 crore or more per month, they are only Rs 10,000 crore. For some reason, we are only talking about gross flows. When things go bad, things will become very bad if we ignore one big pool of money and more than that, ignore valuations and ignore bad news beyond a point. So one has to balance it. We have done it. I am sure fund managers are doing it. Everybody is saying valuations are expensive, and the markets are due for a correction but look at the ability of the market to shrug off bad news, what it did on election day, the Budget day, and what it has done post that black Monday 10 days ago. Samir Arora: Correct. One of course is flows, but it would look out of place if we were doing it independent of the world. So, basically, the mothership which is the US is also doing the same, not related to the budget or elections, but in general reacting to any bad phases and so it has recovered so well, Japan has recovered. But the FII flows have been quite negative and I think that is because these tax hikes have become untenable. Just to give you one number, the MSCI India Index in dollar terms is up over 17 percent year to date, whereas a $10 billion index is up 13%. So, over time, this is going to hurt and there will be some loss of FII investments in India.

WFI in its present form and prevent it from undertaking any activity as a national federation for the sport. While passing the interim order on the plea by celebrated wrestlers Bajrang Punia, Vinesh Phogat, Sakshi Malik and her husband Satyawart Kadian, Justice Sachin Datta said it was open to the Indian Olympic Association (IOA) re-constituting the committee. The wrestlers, who were at the forefront of last year's protest at Jantar Mantar demanding the arrest of outgoing Wrestling Federation of India (WFI) chief Brij Bhushan Sharan Singh for alleged sexual harassment of seven women grapplers, had moved the high court earlier this year for setting aside and declaring as illegal the elections held to elect the office bearers of the federation held in December. Sanjay Singh, a Brij Bhushan loyalist, was elected the new WFI chief in the polls held on December 21, 2023.