India Financial News

on food-delivery platforms. Six years since, she is rolling in dough. The 33-year-old entrepreneur who lives with her husband and two kids says her family was able to purchase a house and upgrade from a two-wheeler to a car after signing up with a food-delivery platform which helped boost sales to ₹4 lakh per month.

Motherson Group is poised to enter the growing Apple supply chain network in India along with Hong Kong-based BIEL Crystal Manufactory, one of the world’s largest suppliers of glass for smartphones, said people with knowledge of the matter. This will make the Vivek Chaand Sehgal-led auto component maker the second large business group after Tata to become a vendor for Apple as part of Motherson’s plan to use its core manufacturing prowess to diversify into other segments. BIEL was established in 1989 by billionaire Yeung Kin-man in Shenzhen, China, to make watch crystals. The company says it’s one of the earliest manufacturers of glass screens for mobile devices, having begun in the early 2000s, when they were made mostly of plastic. By some estimates, BIEL currently produces glass screens for two of every three iPhones. The 51:49% alliance, the Indian company will have the majority stake, is planning to set up a greenfield manufacturing capacity in the south, most likely Tamil Nadu, with an estimated outlay of Rs 2,000-2,500 crore, said the people cited above. It aims to hit a turnover of Rs 8,000-8,500 crore in four-five years after operations start. The consumer electronics business is scheduled to come onstream in the July-September quarter.

staffing solutions provider Instawork has acquired the technology platform built by Bengaluru-based online placement forum Able Jobs for an undisclosed amount. Ravish Agrawal, one of the cofounders, will serve as an advisor to Instawork, while Siddharth Srivastava, the other cofounder will join Instawork as a product leader. Through the deal, Elevation Capital, Titan Capital and other venture investors on the captable of Able Jobs will exit the company and the small team of around four employees still with the company will be taken in by Instawork, the spokesperson added.

Amazon Prime Video's spy thriller series «Citadel» has announced new cast members for its second season. Merle Dandridge, Rahul Kohli and Michael Trucco will join the show, adding depth to the storyline.

Enjoy upto 65% off on the best smart TVs Don't miss out on the amazing offer of up to ₹45,000 off on top-of-the-line laptops! This special sale includes the newest models from well-known brands, ensuring you'll find the perfect device for your needs. Whether you're a professional in need of a high-performance laptop for work, a student looking for a reliable device for studies, or a gamer seeking powerful graphics and speed, there's something for everyone.

MTNL has defaulted on bank loan payments worth Rs 422.05 crore, a regulatory filing said on Monday. The total default amount comprises Rs 328.75 crore default on instalment of principal and Rs 93.3 crore towards interest on debt for June and July. According to the details shared by MTNL, it has defaulted on the payment of Rs 155.76 crore on debt raised from Union Bank of India, Rs 140.37 crore from State Bank of India, Rs 40.33 crore from Bank of India, Rs 40.01 crore from Punjab & Sind Bank, Rs 41.54 crore from Punjab National Bank and Rs 4.04 crore from UCO Bank. The telecom firm earlier raised Rs 5,573.52 crore in debt from these banks.

RJD leader Tejashwi Yadav on Monday alleged that the proposed amendments to the Wakf Act were in line with the BJP's politics of «polarisation» along religious lines. The former Bihar deputy chief minister, who is now the Leader of the Opposition in the state assembly, also questioned the Centre's reluctance to place in Constitution's ninth schedule the legislations, struck down by the Patna High Court, by which quotas for deprived castes had been hiked in the state. «The Union government seems to have no interest in working for the poor. This is a reflection on the ruling BJP at the Centre, which believes in the politics ofte polarisation,» Yadav told reporters. He was responding to queries about proposed amendments to the Wakf Act, which have met with stiff opposition from parties like Hyderabad MP Asaduddin Owaisi's AIMIM, and drawn flak from constituents of the INDIA bloc.

Nitin Gadkari said on Monday that many Indian companies are setting up plants to produce 100 per cent ethanol-run cars and two-wheelers in India. Gadkari came to Parliament in a similar vehicle produced by Toyota and while talking to the media said, «This is the world's first vehicle which has a flex engine and complies with emission norms of Euro 6. It gives net zero emissions. Runs on ethanol produced from sugarcane juice, molasses, and corn.» Recently, Toyota has announced for setting up of a plant to produce flex cars in Aurangabad, Maharashtra, with an investment of Rs 20,000 crore. Gadkari says Tatas and Suzuki are also working on producing 100 per cent ethanol or flex engine cars.

Sheikh Hasina's resignation as Prime Minister and departure from Bangladesh created multiple uncertainties for India. For over one-and-a-half decade she was New Delhi’s strongest ally, and during this time, India-Bangladesh relations reached new heights. The bilateral ties flourished with advances in cross-border trade, transit arrangements, security collaboration, and people-to-people exchanges. However, Hasina’s ouster casts doubt on these achievements. The protests that led to her departure also carried an anti-India sentiment, given the close association perceived between Hasina and New Delhi.

IndiGo cancelled scheduled flights to and from Dhaka with immediate effect on Monday due to the emerging situation in the wake of Bangladesh Prime Minister Sheikh Hasina resigning amid unprecedented anti-government protests. A Vistara official said it operated the flight from Mumbai on Monday and the situation is being monitored for operations to Dhaka on Tuesday. While Air India operates two daily flights from Delhi to Dhaka, Vistara flies daily flights from Mumbai and three weekly services from Delhi to the Bangladesh capital. IndiGo has flights to Dhaka from the national capital, Mumbai, Chennai and Kolkata. The number of flights that are operated by the airline could not be immediately ascertained.

Kangana Ranaut on Monday said it is a matter of great honour that Bangladesh leader Sheikh Hasina «feels safe in Bharat» after Hasina resigned as prime minister and landed near Delhi in a military aircraft amid unrest in her country. Ranaut, a national award-winning actor and BJP MP from Mandi in Himachal Pradesh, also criticised those questioning "Hindu Rastra (a Hindu nation)". She claimed that Muslim countries are not safe «even for Muslims». «Bharat is the original motherland of all Islamic Republics around us. We are honoured and flattered that honourable Prime Minister of Bangladesh feels safe in Bharat but all those who live in India and keep asking why Hindu Rashtra? Why Ram Rajya? Well it is evident why!!! »No one is safe in Muslim countries not even Muslims themselves. Unfortunate whatever is happening in Afghanistan, Pakistan, Bangladesh and Britain. We are lucky to be living in Ram Rajya," the 38-year-old MP, who has often courted controversies with her remarks, said in a post on X.

₹57 lakh into the startup, then known as Urban Clap. It was a gamble. Through their venture company, Titan Capital, they were essentially backing an idea.

Mint goes into the details on the latest developments in Bangladesh and the implications for India. The protests were triggered by students seeking the dismantling of quota-based reservations in government jobs. The unrest snowballed after a court ruling in June reinstated reservations in government jobs.

With Prime Minister Sheikh Hasina Wajed's resignation and flight and the army's assumption of power, albeit in the guise of an interim government, military rule has returned to Bangladesh over three decades after it was forced out in 1990. Parliamentary elections were held in 1991, and elected governments have held office in the country since.

Amazon India is also offering a variety of financing options to make purchases more affordable. Customers can benefit from up to 24 months of no-cost EMI, exchange offers worth up to ₹50,000, and coupon offers valued at up to ₹5,000. These options make it easier for shoppers to spread the cost of their purchases over a period of time without incurring additional interest.For those in need of mobile accessories, the festival has some fantastic deals.

Dinesh Karthik was on Monday appointed the league ambassador of the SA20 League. Karthik, who is the first Indian player to be associated with the South African tournament, retired from all forms of cricket earlier this year. «The league has been electric in the first two seasons with some of the world's best players on show and exciting young talent putting up their hands on the global stage,» Karthik was quoted as saying in a media release. «Karthik will be working very closely with fellow SA20 ambassador AB de Villiers and the management team to help strengthen the league's global fan base and reinforce brand awareness across key strategic markets in India and the United Kingdom,» the release added.

Benchmark NSE Nifty closed 662.11 points down at 24055.6 amid selling in frontline bluechip counters.

Bengaluru: Global Capability Centers (GCCs) in India have leased approximately 53 million square feet of office space in key Indian cities between 2022 and the first half of 2024, such as a highly skilled workforce, cost advantages, and favourable business conditions, according to CBRE and Zyoin's latest report. This growth is expected to continue, especially in India's top six metropolitan areas like Bengaluru, Hyderabad, Chennai, Pune, Delhi-NCR, and Mumbai, due to factors which boast exceptional talent pools that are conducive to expansion and future development. In the first half of 2024, office leasing activity in the GCC (Gulf Cooperation Council) region across six significant cities increased 8% year-on-year. During the same period, GCCs contributed to around 37% of India's total office leasing activity.

Sheikh Hasina, who resigned as Bangladesh Prime Minister following massive anti-government protests, landed at Hindon Air Base in a C-130 transport aircraft on Monday, as per ANI sources. The aircraft will be parked near the Indian Air Force’s C-17 and C-130J Super Hercules aircraft hangars. The aircraft movement was monitored by Indian Air Force and security agencies from its entry into Indian airspace to Hindon airbase in Ghaziabad, the sources added. Hasina resigned on Monday and left the country, reports from Dhaka said.

Marico, which owns the Saffola and Parachute packaged oil brands, reported a slightly bigger-than-expected increase in first-quarter profit on Monday, helped by steady demand and said its earnings would grow this year. The company's consolidated net profit rose 8.7% to 4.64 billion rupees ($55.4 million) in the April-June quarter, just above analysts' average estimate of 4.63 billion rupees, according to LSEG data.

Sheikh Hasina has landed at Hindon Air Base in a C-130 transport aircraft, reported news agency ANI. The move of Hasina comes as the airport remains under protection with fewer flights operating from the base. The aircraft will be parked near the Indian Air Force’s C-17 and C-130J Super Hercules aircraft hangars. The aircraft movement was monitored by Indian Air Force and security agencies from its entry into Indian airspace to Hindon airbase in Ghaziabad, reported ANI quoting its sources. Hindon Airport is a Civil Enclave in Ghaziabad Distt. of Uttar Pradesh, operated by the Airports Authority of India at Hindan Air Force Station. It is the second commercial airport in the Delhi NCR which is around 24km from New Delhi Railway Station connected by Major Mohit Sharma Rajender Nagar Metro Station of Ghaziabad, after Indira Gandhi International Airport,Delhi. This airport built to handle domestic flights operating under the Government's Regional Connectivity Scheme (RCS) operated by Airports authority of India.