India Financial News

Read this | Where are India’s missing investment advisers? In a hospital, you trust that doctors are professionally qualified and experienced enough to prescribe medications or perform surgeries. Similarly, in legal matters, you know that your lawyer holds at least a Graduate degree with an LLB, the minimum qualification for practicing law. However, when it comes to financial advice, you often overlook the qualifications or certifications of the advisors you rely on.

Jim Rogers, Commodity Expert, says he has already sold most of his shares everywhere in the world. In a few places, he still has shares. So, he does not have anything that he wants to sell now because he has a lot of cash in US dollars right now. But he says he has not sold short. But if he ever starts selling short, he will sell seven or eight stocks in the US that have been so very hot. But he will not sell India short. He would rather sell the US short. Rogers also says when markets go down, everything goes down including gold and silver. Rogers owns gold and silver but he is not buying now. He is waiting for a better chance. While looking at the markets, everybody is saying that, oh, my God, have financial markets turned? Are we staring at what could be called a directional turn for financial markets or this is like a one-day sell-off or a one-week sell-off which would be digested? Jim Rogers: The US market has not had a problem since 2008, 2009, that is the longest in American history. So, America and therefore, the world is long overdue for a problem. And I will say to you, I have a lot of cash. The reason I have a lot of cash is that I expect the next sell-off to be the worst in my lifetime because the debt has gone up by so very much everywhere. Even India has debt now. So, you should be worried. I am worried. I am waiting for this collapse to come because I know it is going to be very, very bad. Maybe it is here. I do not know.

tech companies have again resorted to job cuts to rein in costs, even as advancements in generative artificial intelligence continue to disrupt business. So far this year, 384 tech companies have fired 124,517 employees, according to layoffs tracker website Layoffs.fyi. Chip major Intel, Windows maker Microsoft, Tinder parent Match are among the companies that have announced mass layoffs so far. Back home, Indian tech startups are also shedding jobs amid a difficult funding environment and overall valuation reset.

Neueon Towers Ltd.(up 5.01%), Power and Instrumentation(Gujarat)Ltd.(up 1.99%), Energy Development Company Ltd.(up 0.94%) and Indowind Energy Ltd.(up 0.68%) stood among the top gainers.

Turkey's government will hold talks with Instagram officials on Monday after blocking access to the social media platform last week, Transport and Infrastructure Minister Abdulkadir Uraloglu said in a post on X. The move came after a senior Turkish official accused Instagram of blocking condolence posts following the assassination of Ismail Haniyeh, leader of the Palestinian militant group Hamas. Uraloglu said Turkey had expressed certain sensitivities regarding compliance with Turkish laws in a previous meeting with representatives of Instagram last week.

Actis, a global investor in sustainable infrastructure, and Mahindra Lifespaces, the realty and infrastructure development arm of the Mahindra Group, has set up a joint venture to develop over 16-17 million sq ft industrial and logistics real estate facilities across India. The joint platform Ample Parks is looking to acquire more than 700-750 acres land parcels across the country to develop these 15-17 industrial and logistics parks through greenfield and brownfield sites over the next five-six years. “India’s industrial and logistics sector represents a tremendous investment opportunity, with the country’s market strongly benefitting from a boom in consumer demand domestically and a realignment of supply chains globally in favour of India, with many corporations implementing a China Plus One strategy,” said Brian Chinappi, Partner, head of real estate at Actis.

Aditya Birla Sun Life Mutual Fund has announced the launch of Aditya Birla SL Nifty India Defence Index Fund, an open-ended index fund that replicates the Nifty India Defence Total Return Index. The new fund offer or NFO of the scheme will open for subscription on August 9 and will close on August 23. The investment objective of the scheme is to provide returns that, before expenses, match the total returns of the securities represented by the Nifty India Defence Total Return Index, subject to tracking errors.

Xiaomi devices to detect hidden cameras by leveraging wireless local-area network (WLAN) signals. This functionality, potentially named “Camera Scan," allows users to identify concealed cameras in their surroundings through WLAN searches.A shared screenshot reveals the user interface for this feature, which prominently displays the message, “Detect hidden cameras to protect your privacy and personal safety." This tool is expected to empower users to perform scans for hidden cameras with a single tap, thereby enhancing their sense of security in unfamiliar environments.This innovation is particularly relevant for travelers who often find themselves in new locations, helping them to avoid unnoticed surveillance.

Mahindra Lifespace Developers Ltd and Actis have formed a joint venture platform 'Ample Parks' for the development of industrial and logistics parks and will build their first 70-acre project in Chennai. Actis, a leading global investor in sustainable infrastructure, and Mahindra Lifespace have formally launched a joint venture Ample Parks, an indian industrial and logistics real estate developer and operator, according to a company statement. The joint venture (JV) Ample Parks aims to acquire and develop about 1.5 million square metres of greenfield and brownfield sites in key markets across India over the next few years. The JV aims to establish itself as a leading industrial and logistics real estate solutions provider to global and local corporations.

Mutual Funds (MFs) in companies listed on NSE rose to yet another all-time high of 9.17% QoQ as on June 30, 2024, from 8.93%, powered by strong net inflows of Rs 1.09 lakh crore during the quarter, according to data compiled by primeinfobase. The share of Domestic Institutional Investors (DIIs) also increased to 16.23% from 16.07% during the quarter. Meanwhile, with Foreign Institutional Investors (FIIs) pulling out Rs 7,693 crore from the market during the quarter, their share declined to a 12-year low of 17.38%, down by 34 bps.

Sheikh Hasina reportedly resigned today and left the country amid massive protests against her government. The demonstrations, which have led to the deaths of over 106 people since Sunday, were sparked by a controversial quota system. This system reserved 30 percent of government jobs for relatives of veterans who fought in Bangladesh's War of Independence in 1971. However, there has been no official confirmation regarding her resignation or departure from Dhaka. The news channel reported that Hasina was forced to quit as prime minister due to the protests. The army chief is expected to address the nation shortly, according to various reports. Amid all these reports, a video has gone viral in which a woman can be seen leaving Dhaka in a military helicopter.

Ministry of Ports, Shipping and Waterways (MoPSW) is working on a new shipbuilding scheme, which would incentivise Indian shipyards till 2035 by various measures, a senior government official has said. Ports, Shipping and Waterways Secretary T K Ramachandran further said with the new policy, India will endeavour to be among the top 10 shipbuilding nations by 2030 and the top five by 2047, from 22nd in the world at present. «Yes, this ministry is working on a new shipbuilding scheme, which would incentivise Indian shipyards till 2035 by various measures,» he told PTI. Ramachandran also said global cruise major MSC Cruises, based out of Geneva, has expressed willingness to deploy their ships for domestic itinerary.

Lakshya Sen vs Lee Zii Jia Live Score Updates: Although the World No. 22 shuttler Lakshya Sen's dreams of winning a gold were dashed on August 4, when he lost to World No. 2 Viktor Axelsen of Denmark, he's now set for the bronze medal match today evening.

₹11,999 (including bank offers). Notably, this is the first phone in Poco's M series to run on Xiaomi's HyperOS and is powered by the Snapdragon 4 Gen 2 AE processor.Poco M6 Plus is listed at a price of ₹13,499 for the 6GB RAM/128GB storage variant and ₹14,999 for the 8GB RAM/128GB storage variant.

Mint in June compared to their performance six months ago, as per the latest Mint macro tacker. Eight of these indicators were above their five-year average trends, whereas three were below it. In comparison to six months ago, only six of these indicators were above their five-year average and four were below it.

MUMBAI : The Securities and Exchange Board of India's (Sebi's) series of initiatives, such as quicker transaction settlements and shorter listing timelines for public issues, have enhanced transparency and will aid greater participation in the capital markets, say experts. Regulatory reforms and innovations have brought investors an annual benefit of ₹900 crore, and the full adoption of certain other initiatives could potentially add ₹3,000 crore more through freed-up capital, according to a 30 July report by NSE Data and Analytics, a unit of National Stock Exchange of India Ltd. The Indian Capital Markets: Transformative shifts achieved through technology and reforms report highlighted the substantial growth of Indian capital markets, which have outpaced the global average in market capitalization.

While there are many ways to measure economic inequality, key metrics consistently show that disparities are getting worse. According to a recent United Nations report, 71% of the world’s population now live in countries where inequality has increased. Unsurprisingly, this includes India and China.

inflation minus the food and beverages category—was both lower and less volatile than overall headline inflation. By April 2023, non-food inflation had fallen within the Reserve Bank of India's upper tolerance band of 6%, and by September 2023, it was slightly below the 4% target. Headline inflation, on the other hand, has remained around 5% since early 2024.

In 2021-22, India received its highest foreign direct investment (FDI) inflow of $84 billion. Two years later, that number was down by nearly half to $44 billion. The reasons are both external and internal to India.

Supreme Court will next week hear pleas on the intensely discussed legal question of whether a husband should enjoy immunity from prosecution for the offence of rape if he forces his wife, who is not a minor, to have sex. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra on Monday took note of the submissions of senior advocate Karuna Nandy, appearing for one of the parties, that the petitions on the issue of marital rape be heard. The CJI said the pleas will be heard next week. The bench, he added, would be busy this week in dealing with a batch of matters on taxation laws. On July 16, senior advocate Indira Jaising, appearing for one of the parties, had mentioned the petitions and said they be accorded «some priority».

Byju Raveendran has filed a caveat before the Supreme Court against its US-based creditor Glas Trust Company LLC over the order passed by the insolvency appellate tribunal NCLAT. The caveat was filed before the apex court on August 3, a day after the National Company Law Appellate Tribunal (NCLAT) passed an order restoring the board of edtech major after setting aside insolvency proceedings against it. Glas Trust has opposed the Rs 158.9 crore dues settlement with the Board of Control for Cricket in India (BCCI) alleging the money paid by Riju Raveendran (brother of Byju Raveendran) was tainted and was a case of «round-tripping». Anticipating the US-based creditor would challenge the NCLAT order before the Supreme Court, Byju Raveendran had filed a caveat requesting to be heard before the apex court passes any order on a plea filed by the US-based creditors.