India Financial News

transition towards EVs in India is range anxiety and the limited number of public chargers.JSW MG Motors also announced other initiatives like a connectivity platform with Jio and an EV education platform.India's upcoming FAME-III scheme is expected to support charging networks. FAME is short for Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India.Additionally, officials at the heavy industries ministry are discussing a national charging policy.

₹15 trillion was wiped out in a single day, even as the volatility index shot up 60%. Like Chaos Theory, at first it looked as if a little flap in the US over a fast-weakening jobs market—and hence recession risk—had triggered a market quake in Japan, with tremors felt everywhere else. The web of causes and effects that shook stock indices, however, isn’t all that hard to explain.

Mint's queries to Nataraj and Thakran did not receive a response till press time. In the past, companies such as Mamaearth, Dabur India and Mondelez, have sent legal notices to influencers to take posts that were critical of their products. Queries sent to Mamaearth, Dabur and Mondelez went unanswered till press time.

razakar," a reference to collaborators who had sided with Pakistan during the war of independence—came as security forces were stepping up a crackdown on protesters demonstrating over the lack of jobs and soaring inflation. The inflammatory word turned a protest that had been narrowly focused on economic grievances into a movement that channeled broader suppressed rage over Hasina’s governance.

Bangladesh deteriorates following Sheikh Hasina's resignation, the Supreme Court Bar Association (SCBA) President, AM Mahbub Uddin Khokon, has urged India to arrest the former Prime Minister and her sister, Sheikh Rehana, and return them to Bangladesh, as reported by Dhaka Tribune. At a press conference held at the SCBA auditorium, Khokon stated, «We want to maintain a positive relationship with the people of India. Please arrest Sheikh Hasina and Sheikh Rehana, who fled the country, and send them back to Bangladesh.» He also accused Hasina of causing numerous deaths in Bangladesh, adding, «Sheikh Hasina has killed many people in Bangladesh.»

shockwaves through the market. India, while fundamentally strong, is not immune to these external headwinds. Earlier this quarter, Buffett had already offloaded stocks in Bank of America and BYD, boosting his cash reserves to $280 billion.

Indian expats, including those at the CXO level ,looking to relocate to India primarily from the US, UK and Canada over the last year, recruitment agency Randstad India told ET. However, Randstand did not quantify the size of the surge of Indian expat applicants. The manufacturing industry is expected to double in size over the next five years from employing around 2.5 to 3 million people to around 5 million by around 2030, Yeshab Giri, Chief Commercial Officer, Operational Talent Solutions at Randstad India, told ET. Government emphasis with big ticket incentives in addition to benefiting from the China plus one strategy has seen the electronics manufacturing sector in particular opening up more opportunities for these expats. The government boosters are seen aiding local manufacturing to get stronger.

Check all the Bangladesh news LIVE updates here on LiveMint.As the situation in Bangladesh worsened following Sheikh Hasina's resignation amid heavy protests, several former diplomats and experts have raised concerns about the scenario and asked the Indian government to remain vigilant.Pinak Ranjan Chakravarty, who also served as Indian High Commissioner to Bangladesh, also elaborated on the situation and opined that the possibility of foreign hands behind the unrest can't be ruled out."Bangladesh has seen many such crises in the past... It has happened because of many reasons, basically their internal ones.

Mumbai: Seven years after losing the tax edge that had made it India's second-biggest source of capital, Mauritius is eyeing a comeback, this time through the GIFT City route. The island nation's International Financial Centre (IFC) is considering opening an office in Gujarat International Finance Tec-City (GIFT City), a top Mauritius minister said. A large Mauritius delegation currently visiting India will meet officials of the International Financial Services Centres Authority (IFSCA) to discuss areas of collaboration, including equivalence between the two.

component sub-assemblies that go into making a mobile device, a senior official told ET. This is part of a big upcoming incentive scheme to develop a local ecosystem for electronic components. Sops will be linked to a combination of production, capex and employment generation, given the government's renewed focus on job creation. «This will set the new template for the manufacturing sector,» said the official. China's value-add is currently in the range of 30%. India's target is to have 25-30% value add in about seven years, the official added.

Digital payments major PhonePe is looking to set up retail payment operations in new geographies, including Southeast Asia and the Gulf region, two people aware of the company's plan told ET. Places like Singapore, the Gulf region and some countries in Europe are on the agenda, but the plan is still in the early stage and implementation will be done slowly, they said. “The plan is to apply for a payment licence in these geographies and set up retail payment operations there,” said one person, requesting not to be named. «The expertise that the team has built scaling up business in India will be handy there and there is a large opportunity as payments get digitised in these places.»

Bangladesh President Mohammed Shahabuddin dissolved Parliament on Tuesday to make way for the formation of an interim administration and released former prime minister Khaleda Zia from detention, a day after Sheikh Hasina resigned as PM and fled the country amid escalating protests and civil unrest. Negotiations on composition of the interim administration continued through the day, even as law-and-order situation deteriorated, with attacks on minorities and Indian assets, including the Indira Gandhi Cultural Centre in Dhaka, according to people familiar with the matter. The police, facing wrath of protesters-dozens of whom were reportedly killed in firing in recent weeks-issued an apology and declared an indefinite strike. 'US revokes Hasina visa, UK refuses asylum'

monsoon showers that typically causes migration of unskilled workers to agriculture. Work demand under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) usually drops when better-paying employment opportunities are available with strong economic growth. About 22.80 million individuals demanded work in July under the scheme, down 21.6% from a year earlier, showed the preliminary data compiled by the rural development ministry. With this, the work demand contracted for a ninth straight month through July, showed the data. The individuals represented 18.90 million households in July, down 19.5% from a year before and 28.4% from the previous month.

exporters on Tuesday said that the political situation in Bangladesh may lead to short-term shifting of garment orders to India. However, they added that India has no intention or inclination to exploit this unfortunate situation in its friendly neighbouring country. On Monday, former Bangladesh Prime Minister Sheikh Hasina resigned and fled the country amid massive public anger over her government's controversial quota system reserving 30 per cent of jobs for families of veterans who fought the 1971 liberation war. More than 400 people have been killed in the protests. Mithileshwar Thakur, Secretary General of the Apparel Export Promotion Council (AEPC) said that the current situation in Bangladesh is a matter of great concern for all the exporters.

Tata Power Company Ltd is scouting for more public-private hydropower projects in Bhutan, Praveer Sinha, chief executive officer, and managing director, said. On Tuesday, Tata Power announced that it has partnered with Druk Green Power Corporation Limited to develop the 600 MW Khorlochhu Hydropower Project in Bhutan with 40% equity investment. The estimated project cost is ₹6,900 crore. The cost of acquiring 40% equity is ₹830 crore, the company added. No Indian governmental or regulatory approvals are required for the transaction. «The hydro project with Bhutan is a game changer. This may be the beginning of many more such projects in Bhutan. We may look at three to four projects over the next five to seven years,» said Sinha. The company said it is working towards large-scale round-the-clock availability of power by harnessing the vast potential of hydropower through the development of the 600 MW Khorlochhu power project and its upcoming 2800 MW pumped hydro storage plants in Maharashtra.

Tarang Shakti, the IAF organised multinational exercise that will see the participation of air force units including from Germany and France got underway here on Tuesday and will see a number of advanced fighters and other aircraft taking to the skies as part of the various simulated scenario. Simulated scenario, including electronic warfare, would be part of the exercise being held in this western city, about 500 km from Chennai, Chief of the Air Staff, Air Chief Marshal VR Chaudhari said "...we have at least six different types of IAF aircraft flying alongside the Eurofighter Typhoons and Rafale from the visiting countries...we have also simulated electronic warfare environment, we simulate radars, we simulate air defences and operate in some sort of a network environment against multiple kinds of opposition in every mission." «The whole idea is to be able to operate- you are aware that we are without a common data link with the visiting Air Forces, so we need to operate without a datalink. That itself is a very complex exercise. The main focus will be on what we call the large force engagements where large numbers of formations will be operating together,» the Air chief told reporters.

Bangladesh operations said they are stalling field operations and keeping offices shut in the neighbouring country to ensure safety of employees and are closely monitoring the geopolitical crisis there. Coca-Cola, Hindustan Unilever, Nestle, PepsiCo, Marico and Dabur are among the companies taking immediate steps including sending out advisories to employees to stay indoors and not report to work at office a day after violent protests forced prime minister Sheikh Hasina to resign and flee to India, executives said. Some are even shutting sales operations until normalisation resumes.

Vinesh Phogat (50kg) became the first Indian woman wrestler to reach the final of the Olympic Games with a 5-0 win over Cuba's Yusneylis Guzman Lopez in Paris on Tuesday. With this win in the semifinal, Phogat guaranteed herself at least a silver medal. Vinesh was leading 1-0 at the end of the first period. She extended her dominance in the second period with four more points to seal the bout in her favour.

Coal India Ltd and GAIL (India) Ltd have signed a pact for setting up a coal-to-synthetic natural gas plant using surface coal gasification technology in Raniganj area of West Bengal. The plant's capacity is slated at 633.6 million Nm3per hour (Normal cubic metre), which will require 1.9 million tonnes of coal, the coal ministry said in a statement. The partnership of the two state-owned companies is a part of the National Coal Gasification Mission which facilitates utilization of chemical properties of coal.

performance-based pay of their chief executives and senior management, to factor in the company's sustainability goal outcomes in appraisal KPIs amid their increasing influence on investor and consumer sentiments. Companies including ITC, Hindustan Unilever (HUL), Mahindra & Mahindra, Lupin, Cipla and Emaar have started to link their performance in areas like water and carbon positivity, plastic neutrality, climate-resilience, and diversity and inclusion in hiring to the remuneration of their senior management. This comes at a time when ESG (environment, social and governance practices) is becoming a buzz word in business deals, investment decisions and even consumer response to products, industry experts and executives said. ESG goals are becoming more common in annual KPIs (key performance indicators) for executive leaders, said Anandorup Ghose, partner at Deloitte India. While the weightage to these goals varies by industry, approximately around 10-15% weightage is assigned to ESG-linked metrics, he said.

₹25 lakh segment, which has the highest sales volumes India. The brand, part of the multinational automotive giant Stellantis, has struggled in its eight-plus years in India – Its models like the Compass and Meridian have made little headway, largely owing to their relatively high prices, and the lack of a 'mass-market' product. Now, it may be set to change that.