India Financial News

according to two people in the know of the development. State-run Coal India is the only firm allowed to sell coal through e-auctions. The provision of penalty would now be part of the e-auction contracts going ahead, they said.

₹3 lakh (ex-showroom, Delhi) for the Highland Green and Insignia Red variants, while the Midnight Black and Dawn Silver versions are offered at ₹3.12 lakh. The Shadow Black edition is available for ₹3.16 lakh, and the top-tier Legacy Edition in Sheen Silver is priced at ₹3.35 lakh.The BSA Gold Star 650 is set to lock horns with the Royal Enfield Interceptor 650.

Manipur Chief Minister N Biren Singh on Thursday reaffirmed his government's commitment to restoring peace, highlighting that the state is home to 34 recognised tribes. Speaking at the 78th Independence Day celebrations at Ist Manipur Rifles ground here, Singh attributed the ongoing unrest to external elements seeking to destabilise the state. Reflecting on the ongoing conflict, Singh reiterated that Manipur belongs to all 34 recognized tribes, including Thadou, Hmar, Simte, Meitei, Tangkhul, Mao, Maram, Anal, and Lamkang. «This Manipur is not for one community. We must all stand together for a united and strong India,» he added. Despite recent challenges, Singh expressed confidence in the state's future. «Had it not been for May 3, 2023 violence, the progress and development Manipur would have achieved now would be unimaginable. However, we are committed to working harder to make up for the lost time,» he concluded.

phulkari embroidery, cholis with kaanchi (mirror embroidery) from Gujarat, brocade on quilt covers and saris, tie-and-dye odhanis, Naga shawls, jamdanis, telia rumal from Andhra Pradesh and batik rumal from West Bengal—all introducing the viewer to ancient textiles starting from the 18th century. (Unlike painting, when it comes to textiles, something that belongs to 18th century is considered ancient, because cloth is more delicate and tends to perish faster.) Then the gallery takes a turn into the modernisation of traditional textiles, highlighting pieces from the Vishwakarma exhibitions, led by the late Martand Singh from the 1970s onwards. These shows were a series of seven textile art and history exhibitions from 1982-92 that documented the introduction of design to crafts communities.

Arbitration pros resist govt.'s advisory favouring mediation over arbitration The law ministry’s efforts to expedite the enforcement of arbitral awards are expected to significantly benefit the government, which is included as a party in a considerable number of arbitration proceedings. Law minister Arjun Ram Meghwal initiated thenational litigation policy in June soon after taking office.

No consumer durable purchase is a more powerful marker of upward mobility than car ownership. Air conditioners, washing machines, etc, tend to be utility purchases. The car one owns, in contrast, is not just far more publicly visible, it is a status symbol in India.

Adani Power said on Thursday it was committed to supplying electricity to Bangladesh, saying a recent amendment to power export rules does not affect its existing contract. The amendment by the government facilitates connectivity to the Indian grid but does not impose any obligation on India to buy electricity, Adani Power said in a statement. «Adani Power is committed to fulfil contractual obligations as per Bangladesh Power Development Board's demand schedule and provisions of the power purchase agreement and would look forward to continuing reciprocal fulfilment,» Adani Power said.

₹2,550 crore (about $30.5 million) in the Union budget for 2024-25. These CoEs aim to position India prominently on the global AI stage through foundational and multidisciplinary research and the development of core AI technologies. Similarly, the National AI Mission aims to build and support our AI ecosystem through a combination of public expenditure and supportive policies.

Kalpataru has filed its Draft Red Herring Prospectus (DRHP) with the market regulator, the Securities and Exchange Board of India to raise funds via the initial public offering (IPO) route. The IPO will be a fresh issue of Rs 1,590 crore, with each share bearing a face value of Rs 10.

Indian institutional investors now consider sustainability information essential in their due diligence process, a study by Deloitte and The Fletcher School at Tufts University said, adding as sustainability becomes more integral to investment management, trust in the ESG data used to inform these decisions is lacking, posing challenges in accessing trustworthy data. «According to Indian investors, the inconsistency or incomparability of ESG rating data (73 per cent), cost constraints on integrating ESG data into investment decision models (71 per cent) and lack of measurable outcomes in corporate disclosures (70 per cent) reduce the trust factor of available sustainability data, inhibiting their ability to implement ESG investment strategies,» Deloitte said citing its study titled 'Investor trust in sustainability data'. The study further highlights that Indian investors are more likely to trust in-house proprietary data systems and audited (or assured) corporate disclosures for sustainability analysis. However, as compared with global investors, Indian investors are less likely to rely on external data sources and ratings.

Kartik Sharma, the Kohli lookalike featured in the video, is no stranger to attention. A software engineer by profession, Sharma has amassed a significant following on Instagram, with over 7.6 lakh followers, thanks to his uncanny resemblance to the cricketer. He regularly shares content that highlights his likeness to Kohli, sometimes even donning the Indian cricket jersey to amplify the effect. Sharma himself reacted to the viral video, commenting, «Fun to be at One8,» under Sachdeva’s post.

The share allotment of Saraswati Saree Depot IPO is likely to be finalised tomorrow. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

DengiAll is developed by the Indian pharma company Panacea Biotec and has shown good results in initial trials. Panacea Biotec is working with the Indian Council of Medical Research (ICMR), India’s top health research body, to conduct this trial. The goal is to see how well DengiAll works compared to the current standard treatments. The trial will involve 10,335 healthy adults and will be conducted at 19 locations across 18 states and Union territories. The ICMR is funding the trial.

Opposition leaders on Thursday slammed Prime Minister Narendra Modi over his Independence Day speech, alleging that it failed to unite and inspire people or address important issues faced by the nation. Communist Party of India General Secretary D Raja said the prime minister's speech from the ramparts of the Red Fort on India's 78th Independence Day did not place any issue before the nation to unite and inspire people. «Whatever he spoke is in line with the sinister, divisive agenda of RSS,» Raja told PTI. «The prime minister speaks about 2047 but he failed to address the issues of plurality, and diversity of the nation. He is trying to impose uniformity on the country,» he alleged.

Samantha Ruth Prabhu, the renowned South Indian actress, has once again become the center of media attention, this time due to speculation about her love life. Recently, rumors have surfaced suggesting that Samantha is romantically involved with Raj Nidimoru, the acclaimed director behind the popular web series 'The Family Man' and the forthcoming series 'Citadel: Honey Bunny'. The buzz around Samantha and Raj’s rumored relationship began circulating after a Reddit post claimed they had grown close while working together on 'Citadel: Honey Bunny'. This series, which also stars Bollywood actor Varun Dhawan, is a highly anticipated project and marks another collaboration between Samantha and Raj & DK, the director duo consisting of Raj Nidimoru and Krishna D.K.

Independence Day, it’s important to set yourself free from unhealthy food habits and switch to healthier alternatives. Although not a common ingredient in Indian kitchens and not considered as alluring as aloo parathas, as savoury as samosas, or as crunchy as pakoras, oatmeal can give many staple Indian dishes a run for their money when it comes to nutrition profile.

Isro will launch Earth Observation Satellite-8 (EOS-8) using its recently built small satellite launch vehicle, SSLV-D3. Isro announced on X that the launch is slated for «August 16 in a launch window of one hour starting at 09:17 Hrs (IST)». This is the third and last development flight from Sriharikota for SSLV. «It brings the SSLV development project to a close and opens up operational missions for NSIL and Indian industry,» Isro said. Following a successful liftoff, the SSLV project will be initiated in accordance with NSIL's and the industry's operational and commercial requirements. Compared to PSLV, which takes more than a month to assemble and requires more workers, SSLV is a smaller version of PSLV that can be put together in a matter of days with fewer workers. Since SSLV is an affordable launch vehicle, it would increase the number of Isro's commercial launches and aid India in gaining a larger market share in the space launch services industry worldwide, which was valued at $14.9 billion in 2023 and is projected to expand at a 14.6% compound annual growth rate (CAGR) from 2024 to 2030.

Ola Electric has unveiled three new electric motorcycles, the Roadster, Roadster X, and Roadster Pro, with prices starting at Rs 74,999. In addition, the company announced it will integrate its battery cells into its own vehicles starting in Q1 FY26. Ola Electric also teased two upcoming motorcycle models, the Sportster and Arrowhead. The newly launched Roadster series offers varied price points and performance capabilities: the Roadster starts at Rs 74,999, the Roadster X at Rs 1,04,999, and the Roadster Pro at Rs 1,99,999. The bikes will hit the roads from January next. Bhavish Aggarwal, Founder and CMD of Ola Electric, highlighted the significance of these new offerings for the Indian market.

Addressing the nation from the ramparts of the Red Fort on the 78th Independence Day, he highlighted his government's efforts towards environment protection in various fields with a focus on rail operations. «We are aiming to achieve net zero emission by 2030 in Railways,» said the prime minister.

Prime Minister Narendra Modi on Thursday called upon Indian professionals to lead the global gaming market and help establish the country as a global leader in the industry. In his address during the 78th Independence Day celebrations here, the prime minister emphasised the need for Indian talent to dominate not just in gaming but in game production as well by leveraging the country's rich cultural heritage. Asserting that those who create and produce games are largely foreigners, he said he sees that a huge market has emerged in the world of gaming. «India has a rich heritage, and we can bring talent into the gaming world. We should attract everyone to our gaming sector, and I want Indian children and youth to lead the gaming industry,» Modi said.

of the Nifty 50 index. Data compiled by DSP MF shows that the market capitalization share of the top ten Nifty companies is hovering around 20%, an all-time low compared to the overall universe of stocks. There are equal-weighted funds for the Nifty 50 and Nifty 100 indices in the industry, but none track the equal weight of the top 10 stocks in the Nifty index.