India Financial News

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State Rural Youth Employment report by Global Development Incubator (GDI), Global Opportunity Youth Network (GOYN), and Development Intelligence Unit (DIU). Among rural men aged 18-25, 31% prefer government jobs, while 28% of women in the same age bracket express the same preference. This interest drops significantly to 19% for men and 11% for women in the 26-35 age group.

Bangladesh Air Force's flight 'AJAX1431', possibly carrying former Prime Minister Sheikh Hasina, has become the most-tracked flight on Flightradar24. Departing from Dhaka, the flight attracted significant attention, with over 22,000 users closely monitoring its journey. Real-time data from the flight tracking portal showed 'AJAX1431' gaining immense interest. Media reports speculated that Hasina might flee to India or the UK. At the time of publishing, the flight was moving across Bihar.

On the BSE, Supershakti Metaliks(down 20.00 per cent), Nucleus Software Exports(down 15.32 per cent), Kirloskar Bros.(down 12.36 per cent), Indo Us Bio-Tech(down 11.63 per cent) and KLK Electrical(down 11.09 per cent) stood among the top losers in today's trade.

Nakoda Group Of Industries Ltd.(up 2.13%), Marico Ltd.(up 1.48%), Dabur India Ltd.(up 1.03%), Hindustan Unilever Ltd.(up 0.87%), Euro India Fresh Foods Ltd.(up 0.72%), Nestle India Ltd.(up 0.64%), Honasa Consumer Ltd.(up 0.36%), Godrej Consumer Products Ltd.(up 0.21%) and Colgate-Palmolive(India)Ltd.(up 0.09%) stood among the top gainers.

Mint looks at the reasons behind the global ‘stockocalypse’: Global markets were in a sea of red, led by Japan, where the benchmark Nikkei tumbled 12.40%, marking its largest one-day fall since ‘Black Monday’ in October 1987. The broader Topix index crashed 12.48%. Such was the intensity of the selloff that circuit breakers temporarily halted trading of futures for the Topix as well as the Nikkei 225.

Dispatches of passenger vehicles last month, though, declined by about 2% with automakers limiting wholesales amid elevated stock levels in the market. As per industry estimates inventory of passenger vehicles in the channel stands at 407,000 units. Dealers peg the numbers higher and said car stocks in the network range between 67-72 days. Auto retailers body FADA (Federation of Automobile Dealers Associations), however, expect good retails in the upcoming festive season. Challenges though remain due to high stocks in the passenger vehicle segment, weak consumer sentiments in certain areas stemming from economic uncertainties and uneven spread of the monsoons.

Anand Mahindra's words of wisdom to investors is to «play the long game». His advice to investors is to deploy the ancient Indian practice of Pranayama, breathe deeply and look inwards. «What I see is an India that is an oasis in the world. Whose Rise will not be impeded in the medium to long term,» Mahindra said in a tweet.

Why SBI is comfortably placed despite slow growth in deposits The rising costs of labour and materials were a particular bother for services providers. Within materials, the cost increase was attributed to dearer eggs, meat and vegetables. Lately, both services providers and manufacturers have been hiking prices to pass on their rising input costs to customers.

UPI transactions in the first three months of the current fiscal have grown over 36% to Rs 60 lakh crore, Parliament was informed on Monday. As per the details of UPI transactions shared by Minister of State for Finance Pankaj Chaudhary in the Lok Sabha, 4,122 crore UPI transactions worth Rs 60 lakh crore took place between April and June in 2024-25. In the April-June period, 2,762 crore UPI transactions took place, having a value of Rs 44 lakh crore. For the full fiscal 2023-24, 13,113 crore UPI transactions were made with a value of Rs 200 lakh crore.

Pokarna Ltd.(up 5.93%) stood among the top gainers.

Gulf countries during the June to September holiday season have risen five-fold, causing financial hardships to poor labourers and the middle class migrants who want to visit India, a Rajya Sabha member said on Monday, asking the government to stop this "organised loot". Raising the issue +through a Zero Hour mention in the House, Jebi Mather Hisham (Congress) said June-September is normally a school holiday season in the Middle East countries but this has turned into a «horror season» due to the «exorbitant, exploitative and extortionist» airfares implemented by the airlines. «We call it organised loot because it (the fare hike) has not doubled or tripled but has increased by more than five times,» she said. Against the one-way fare of Rs 8,000 from Gulf countries to Kerala, a poor labourer is now having to shell out Rs 46,000 one-way and about Rs 1 lakh for return fare.

The NSE Nifty index ended the session 662.11 points down at 24055.6, while BSE Sensex fell 2222.55 points to 78759.4.

CCI) against tech giant Google's alleged anti-competitive practices in online advertising. ADIF has challenged Google's dominant position and «purportedly abusive behaviour» in the online search advertisement and online display advertisement markets. Google's dominance over major online platforms and its reliance on advertising for the majority of its revenue hinders competition and negatively impacts Indian businesses, a statement by ADIF said. «ADIF has filed a comprehensive complaint with the CCI, bringing to light Google's alleged anti-competitive practices in the online advertising sphere.

NEW DELHI : India's largest airline IndiGo (InterGlobe Aviation Ltd), which offered low-cost all-economy seats so far, has announced the launch of ‘IndiGo Stretch’ business class. The airline, which started in 2006 with 100 aircraft in the pipeline, now has a fleet of over 380 aircraft and expects to receive more than 970 aircraft over the next decade. Mint spoke to the airline's promoter and managing director, Rahul Bhatia, about the airline's journey and what lies ahead as it enters the next phase of business with long-haul operations and business class seats.

CIL on Monday said it has entered into a joint venture agreement with GAIL (India) Ltd to set up a coal-to-synthetic natural gas project in West Bengal. While Coal India Ltd (CIL) will have 51 per cent shareholding in the joint venture, GAIL, the nation's largest gas transportation and distribution firm, will have 49 per cent. The joint venture will be incorporated as a private limited company. The initial paid-up share capital is Rs 1 lakh, CIL said in a BSE filing. The registered office of the joint venture will be in West Bengal and CIL and GAIL each will have the right to nominate three executives as directors of the JV.

Bangladesh Prime minister Sheikh Hasina earlier fled the country for an unknown location, bringing a turbulent end to the past few days' raging protests that took the country by storm. Following Hasina's flight, Bangladesh military chief Waker uz Zaman sought to calm the tension and said in a televised address that the forces would help form an interim government.

Domestic benchmark index NSE Nifty ended 662.11 points down at 24055.6, while the BSE Sensex closed 2222.55 points down at 78759.4.

Diversification has become a strategic imperative for organisations seeking sustained growth and resilience. By expanding into new markets, products, or services, businesses can mitigate risks associated with economic downturns, industry shifts, and unforeseen challenges. The data centre industry stands as a prime example of this trend.

Shares of Alkem Laboratories Ltd.(up 0.35 per cent) ended the day as top gainers in the pack.