India Financial News

Southern Petrochemicals Industries Corporation Ltd.(up 11.75%), Paradeep Phosphates Ltd.(up 4.93%), Coromandel International Ltd.(up 3.23%), The Fertilisers and Chemicals Travancore Ltd.(up 2.35%), Chambal Fertilisers & Chemicals Ltd.(up 1.83%), Rashtriya Chemicals & Fertilizers Ltd.(up 1.73%), Zuari Agro Chemicals Ltd.(up 1.66%), Mangalore Chemicals & Fertilizers Ltd.(up 1.57%), Sikko Industries Ltd.(up 1.48%) and Gujarat State Fertilizer & Chemicals Ltd.(up 1.40%) stood among the top gainers.

Arshad Nadeem has surely given Pakistan the ultimate Independence Day gift by winning the country's first-ever individual Olympic gold medal at the Paris Olympics 2024. Competing in the men’s javelin throw final, Nadeem not only clinched gold but also set a new Olympic record with an outstanding throw of 92.97 meters. In a heartfelt message after his victory, Nadeem said, «First of all, I thank Allah Almighty for this huge success. With the prayers of my parents, the prayers of the entire nation, and especially the tireless effort of my coach Mr. Salman Iqbal Butt and the support of Dr. Ali Sher Bajwa, I have achieved this massive milestone. Thank you all!» He dedicated his gold medal to the people of Pakistan, saying, «This gold medal is a gift from me to the entire nation on the occasion of Independence Day.»

Amazon India had distributed 10,890 shelter kits to over 10,000 families across 34 districts, stated the company. These kits, tailored to meet immediate needs, include essential items such as tarpaulin sheets, ropes, soaps, dental hygiene products, buckets, mosquito nets, and sanitary pads.

dal poori in Mauritius, but one which is very different from the original, and which is rooted in East Africa," he says. These kinds of culinary adaptations became more marked just after the partition of India in 1947—an unprecedented migration of people in history. In May 2020, The Partition Museum, Amritsar, spent a week highlighting food memories related to this.

Beauty and personal care company Honasa Consumer – the parent entity of Mamaearth – is discontinuing its ayurvedic beauty brand Ayuga. In an earnings presentation on Friday, Honasa Consumer said it could not establish a product-market fit and started sunsetting the brand from June this year. Following the discontinuation of Ayuga, Honasa Consumer will have six brands in its portfolio – Mamaearth, its largest brand, The Derma Co, Aqualogica, Dr Sheth’s, BBlunt, and Staze, under which the company sells colour cosmetics products.

tech capital of India, Bangalore has topped the list of 20 APAC cities with the largest flexible office stock at 15.5 million square feet, surpassing cities such as Shanghai, Seoul, and Tokyo. Following Bangalore, Delhi NCR ranks second with a total flexible office space stock of 10.7 million square feet as of June 2024, mentioned CBRE. Recent growth in the Asia Pacific flexible office space market has been primarily driven by Indian cities, where the expansion is supported by the demand for managed solutions offered by domestic flexible office operators.

Namma Yatri has started its zero-commission cab services under the brand ‘Yatri’ in Delhi NCR, in a move that is set to intensify competition with Uber and Ola in this thriving market. The platform won’t charge subscription fees or commissions for its electric auto rickshaws and cabs in Delhi NCR until March 2026, said Shan MS, cofounder of Moving Tech Innovations, which runs Namma Yatri. Yatri offers autorickshaw, AC mini, AC sedan, and AC XL cab services at «low prices» with a lifetime zero-commission policy, according to the company.

EID Parry(India)Ltd.(up 1.98%), Magadh Sugar & Energy Ltd.(up 1.13%), Rana Sugars Ltd.(up 0.81%), Dalmia Bharat Sugar and Industries Ltd.(up 0.72%), Shree Renuka Sugars Ltd.(up 0.72%), Balrampur Chini Mills Ltd.(up 0.44%), Dhampur Sugar Mills Ltd.(up 0.40%), KCP Sugar & Industries Corporation Ltd.(up 0.38%), Ugar Sugar Works Ltd.(up 0.37%) and Triveni Engineering & Industries Ltd.(up 0.30%) stood among the top gainers.

Court of Arbitration for Sports will start hearing Indian wrestler Vinesh Phogat's appeal against her disqualification at the Paris Olympics today. Phogat's appeal includes a request for a joint silver medal after being found overweight following her semi-final victory in Paris. Senior advocate Haris Salve will represent Phogat during her hearing. The hearing is likely to start at 5:00 pm. Also Read: Catch all the live updates on Vinesh Phogat case hearing in CAS The 29-year-old wrestler missed the opportunity to compete for the gold after being disqualified for being overweight during the morning weigh-in on Wednesday. This followed her impressive performance the previous day, where she defeated the unbeaten Yui Susaki of Japan in her opening bout.

manufacturing sector during 2014-24 rose by 69 per cent to USD 165.1 billion, Parliament was informed on Friday. In a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Jitin Prasada said that India is rapidly emerging as a preferred country for foreign investment in the manufacturing sector " FDI equity inflow in the manufacturing sectors in the last ten financial years (2014-24) has increased by 69 per cent to USD 165.1 billion as compared to USD 97.7 billion in the previous ten financial years (2004-14)," he said. He also said that the total FDI inflow of USD 383.50 billion has been reported in the country during the past five financial years (2019-20 to 2023-24).

Indian 2. Entertainment industry experts say Tamil film studios make no effort to promote their films in the north despite dubbing them in Hindi and top actors are mostly not available for marketing. Further, the cultural ethos of Tamil films remains strong unlike Telugu movies where actors dress and act much more like Hindi film actors.

Independence Day, the Indian national flag is being sold in post offices all around the country as part of the Har Ghar Tiranga Abhiyan 3.0. The Government of India has launched the campaign two years back to encourage all citizens to hoist the National Flag in their houses. The flags are available in India Post from August 1 to August 13, according to the website. On July 28, 2024, the Prime Minister encouraged the public in his most recent Mann Ki Baat episode to hoist the Tiranga at home in observance of Independence Day and to carry on the «Har Ghar Tiranga» tradition, which has seen a significant increase in public participation over the previous two years.

Haryana schools will change from «Good Morning» to «Jai Hind» as part of an initiative to foster patriotism among students, ToI reported on August 9. The Haryana Directorate of School Education has mandated this change, instructing school principals, headmasters, and education officers at district and block levels to implement it from August 15. The state government aims to «inculcate a deep sense of patriotism and national pride» in the students by making this shift. The department emphasised that the new greeting should be used before the national flag is hoisted on Independence Day. The idea is that using «Jai Hind» as a daily greeting will inspire students with a sense of national unity and respect for India's rich history.

Grasim slipped into the red in the first quarter ended June 2024 as the company reported a loss of Rs 52.12 crore on Friday. The company posted a net profit of Rs 355 crore in the last year period. On a sequential basis, however, the loss reduced from Rs 441 crore reported in the preceding December quarter.

Germany's proposed Low Emission Steel Standard (LESS) is expected to pose new challenges to Indian industry which is already reeling with lower exports, higher imports and Europe's carbon tax, think tank GTRI said on Friday. India's steel exports have dropped by 31.2 per cent from USD 31.7 billion in 2021-22 to USD 21.8 billion in 2023-24, while imports have increased by 37 per cent, from USD 17.3 billion to USD 23.7 billion, making India a net importer, it said. The Global Trade Research Initiative (GTRI) said that the Indian steel industry is not legally bound to follow the new German steel standard, but ignoring it could hurt domestic exports.

inflation is not yet under control, the RBI's latest assessment warns against a hasty return to monetary accommodation. The conviction that India is insulated from global economic slowdowns and in a growth acceleration phase has also diminished. The RBI now anticipates downside risks to growth due to falling corporate profits and reduced government spending.

fascinating documentary called Katiyabaaz at the Mumbai Film Festival (MAMI). At the time, I had no idea what it was about. Later, I learned that the title translates to "electricity thief," a fitting description for its subject matter.

What's done is done. Let us celebrate the victories and the sheer talent and grit of our hero, Vinesh Phogat. This should also be the starting point to revamp India’s sports management—reminding administrators that their roles are not for power play, but for a greater national cause.

biotech giant Amgen on Friday announced its plans to open a new technology and innovation site in Hyderabad, India. The site, to be known as Amgen, will be located in HITEC City, a suburb of Hyderabad, occupying six floors of the RMZ Spire Tower, with a potential to accommodate up to 3,000 people. The site will be operational in Q4 2024. Amgen India will initially build and accelerate new technology solutions and digital capabilities at scale that will enhance efficiencies across the enterprise.

₹1,830 crore) to the project. The tenders are yet to be put out for the auctions. Officials at the Ministry of New and Renewable Energy and the Solar Energy Corporation of India (SECI) seemed open to explore further discussions on the matter, said Susana Moreira, executive director and co-chair of the board of H2Global Foundation.

Indian Oil Corporation Ltd. slipped 0.29 per cent to Rs 169.7 in Friday's trade as of 12:38PM (IST). The stock hit a high price of Rs 172.5 and low of Rs 169.45 during the session.