India Financial News

Consumer durables makers in India are locked in a warranty war. Brands such as LG, Samsung, Haier, Godrej, Voltas Beko and Panasonic are competing to offer the best protection for refrigerators, air-conditioners, microwave ovens and washing machines. Consumers, mostly those above the age of 35, are readily taking up these offers, potentially boosting sales, say retailers. Brands are offering warranties of up to 10 years on the main component, such as the compressor of an AC or refrigerator, and up to 20 years on the motor of a washing machine or dishwasher, even referring to them as 'lifetime' assurance.

Adani Power has offered the highest bid of ₹27,000 crore for KSK Mahanadi Power's 1,800-megawatt plant that's undergoing insolvency proceedings, people with knowledge of the matter told ET. The Adani offer already ensures a 92% recovery for the lenders. Banks had received a total of 10 financial bids for the thermal power company by Thursday evening. Other bidders include Capri Global Holdings, Coal India, NTPC, Vedanta, JSW Energy, Naveen Jindal-owned Jindal Steel & Power, iLab India Special Fund, Rashmi Metaliks and Sherisha Technologies, said the people cited above. Adani Power's offer is a combination of ₹12,500 crore in upfront cash, ₹9,000 crore of accumulated cash in the company since three of its units are operational, and an estimated receivables of ₹5,500 crore, one of the persons cited above said.

Hindustan Zinc Ltd (HZL), part of mining major Vedanta Ltd, is looking for domestic partners to set up manufacturing plants to make Zinc-based batteries in India, senior executives said in an interaction with Mint. The company had earlier announced that it had entered into a strategic partnership with US-based AEsir Technologies to explore zinc-based energy storage solutions and reduce dependency on other critical minerals. “The world is going through an energy transition, so everybody is looking for a solution and with lithium being costly, not widely available, and has safety issues, so, we thought it to be the right opportunity for the Zinc business to get into it," said Arun Misra, CEO, HZL.

IT hardware industry has sought clarity around applicability of manufacturing quotas, including criteria and import quantities of products like laptops and tablets that may be allowed under the new import authorisation mechanism, that is set to come into force from October 1 this year. The clarifications were sought in a recent meeting with the Ministry of Electronics and IT (Meity) officials. Companies such as Dell, HP, Foxconn, Acer, Asus, Flex and Dixon technologies are among the major IT hardware manufacturers in India. «The industry players wanted to understand what will happen after October 1, when the new system kicks-in. They need clarity so that they can plan accordingly. We have taken their questions and will revert soon,» an official told ET.

electronics industry to share production statistics for policy formulation, a Meity official said on Friday. The government has been sharing electronics production data in the country based on estimates of industry bodies, especially the India Electronics and Cellular Association. «We don't have any kinds of production data. That's very important. When we formulate policy, we need to know how much we are producing and what we are producing. So that we actually know the exact figure. We have DGIS, where we can get import data and export data. Industry has to support the government by sharing the data,» Meity Scientists G and Group Coordinator Asha Nangia said. She was speaking at an event organised by CII in collaboration with ICEA on Building a Resilient Supply Chain for Electronics and Semiconductor Industry.

Badminton Men’s Singles Round of 16 match at the Paris Olympics when 22-year-old Lakshay Sen had to go up against his Prannoy bhaiya surely made one of the most exciting matches of 2024. Sen, in the pre-quarterfinal match secured a 12-21, 6-21 win against his Olympic village roommate, HS Prannoy and became India’s final hope in badminton at the Games. Following this, Lakshya Sen on Friday stormed into the semifinals beating Taiwan’s and World No. 12 Chou-Tien Chen by 19-21 21-15 21-12, raising hopes for another shiny medal in India’s kitty.

McKinsey's managing partner in February 2024, Bob Sternfels faced the crucial decision of appointing a global leader of firm strategy to navigate the management consultancy through the pervasive impact of technology, the disruptive potential of AI and rapidly changing client demands. His selection for the role was Ashutosh Padhi, an IIT-Kanpur and IIM-Ahmedabad alumnus. “I chose Ashutosh Padhi, who led our North America business, to drive the innovation agenda that’s critical for the firm’s future. He is now in charge of ensuring we innovate our models rapidly,” Sternfels told ET a few days back.

PlayStation Portal remote player will be available in India for Rs. 18,999.

Elon Musk recently caused a stir on X (formerly Twitter) by saying that Christianity could disappear if people don't stand up for it more bravely. He made this comment on July 27, soon after speaking with alt-right podcaster Jordan Peterson, where Musk showed strong support for Christian values. His remark came after a controversy about the Paris Olympics, where some claimed the event disrespected Christianity with a diverse interpretation of the Last Supper, as per the reports of Yahoo entertainment. Musk had criticized the Olympic performance, calling it «extremely disrespectful to Christians» in a post from June 26. He also agreed with a comment suggesting that if the performance had mocked Muslims, it would have led to a lot of unrest. However, these claims were incorrect because the performance was actually about the Greek feast of Dionysus, not a twist on the Last Supper.

MUMBAI: India's markets regulator has devised a seven-point plan to regulate the growing tribe of financial influencers, said Kamlesh Varshney, full-time member of the Securities and Exchange Board of India (Sebi), at the FICCI's 21st Annual Capital Markets Conference (CAPAM) on Friday.

MUMBAI: India's real estate market just got a bit more transparent for tax authorities, but this increased scrutiny can change the dynamics of property transactions. A new tax rule, effective from October, will close a loophole that has allowed property sellers to skirt their tax obligations.

BSF Director General (DG) Nitin Agrawal and his deputy Special DG (West) Y B Khurania, sending them back to their respective state cadres with immediate effect, according to a government order. Agrawal is a 1989-batch Kerala cadre officer, while Khurania belongs to the 1990-batch of the Odisha cadre. Agrawal had taken charge as the Border Security Force chief in June last year. Khurania, as the special DG (West), was heading the formation of the force along the Pakistan border. Separate orders issued by the Appointments Committee of the Cabinet (ACC) conveyed they were being «prematurely» repatriated with «immediate effect.»

Read more about other groomingin the beautysection on the Top Trending Productspage. Read about the Best Pocket Perfume for Men in India below. 1. Kamsutra Pocket Spicy Perfume Spray For Men Kamsutra Pocket Spicy Perfume Spray For Men, 18Ml (Pack Of 6) — Spark17% Off₹350₹420Buy Now Packed in 18 ml of perfume pack, the Kamsutra Pocket Spicy Perfume Spray For Men is the first suggestion on the list. It is easy to carry in a pocket or travel bag so that you can refresh yourself anywhere and anytime. It features a fragrance that is spicy and sizzling designed to capture attention and set pulses alight. The unique blend of spices is crafted to invigorate and energise, ensuring you never experience a dull moment. Special Features: Compact and Travel-Friendly Distinctive Spicy Scent Long-Lasting Fragrance Convenient Pack of 6 Soul-Soothing Effect Buy Now: Kamsutra Pocket Spicy Perfume Spray For Men

NASA) effort to the International Space Station (ISS), the Human Space Flight Centre (HSFC) of Isro has entered into a Space Flight Agreement (SFA) with NASA-identified service provider Axiom Space, for its upcoming Axiom-4 mission to the ISS. The India-US joint statement during the official state visit of Prime Minister Narendra Modi to the US in June last year envisioned a joint Isro-NASA effort to the ISS. «A National Mission Assignment Board has recommended two Gaganyatris as prime and backup Mission Pilot for this mission,» Isro said, in a statement on Friday. These are Group Captain Shubhanshu Shukla (Prime) and Group Captain Prasanth Balakrishnan Nair (Backup). The assigned crew members will be finally approved to fly to the ISS by the Multilateral Crew Operations Panel (MCOP). The recommended Gaganyatris will commence their training for the mission from the first week of August. During the mission, the Gaganyatri will undertake selected scientific research and technology demonstration experiments on board the ISS as well as engage in Space outreach activities.

If you are one such fitness enthusiast looking for the right way to facilitate muscle recovery and growth, then you must go through the complete list of the best whey protein in India. All of these options feature high-quality protein, brand reputation and customer’s trust. Check them all out, find the one that suits you the best and place your order using the shared buying links.

BJP for «destroying» the Indian economy through «wrong policies», Jharkhand Chief Minister Hemant Soren on Friday said the saffron party was hell-bent on making the country's condition «worse than neighbouring Pakistan». Addressing the assembly on the concluding day of the monsoon session, he accused the BJP of playing «vote-bank politics» by dividing people in the name of religion. «The country is passing through a difficult phase; the economy is in peril, due to the wrong policies of the BJP-led central government. They are hell-bent on making the country's condition worse than Pakistan,» Soren said. He also said the people of Ayodhya gave a befitting reply to the BJP in the Lok Sabha polls for «dividing the country» on religious lines.

Delhi Police has sought information from the Maharashtra government, the IAS training academy in Mussoorie and AIIMS Delhi on former IAS prohibitionary officer Puja Khedkar in connection with a cheating and forgery case, sources said on Friday. Khedkar was booked by the Delhi Police Crime Branch on July 19 for wrongly availing OBC and PwD (person with disabilities) quota benefits to secure her candidature in the civil services exam. On Thursday, a Delhi court denied her anticipatory bail, saying there were serious allegations against her which «require a thorough investigation». Khedkar, who has not been arrested in the case, had approached the court through her lawyer, saying she faces «immediate threat of arrest».

Genus Power Infrastructures in a block deal. The shares were purchased at a price of Rs 346.50 a piece taking the total investment at Rs 207 crore. While Nomura India Investment Fund Mother Fund was on buyer's side, the sellers were promoters Seema Todi, Banwari Lal Todi and Anand Todi who sold 26 lakh shares, 40 lakh shares and 19 lakh shares respectively.

Oppo A3X 5G starts at Rs. 12,499 for the 4GB + 64GB variant and Rs. 13,499 for the 4GB + 128GB model.

Citigroup Global Markets Mauritius, ICICI Prudential MF and Societe Generale, on Friday acquired stakes in Netweb Technologies India for Rs 458 crore through open market transactions. As per the data available on NSE, Citigroup Global Markets Mauritius, Discovery Global Opportunity Mauritius, ICICI Prudential Mutual Fund, Invesco MF, Societe Generale and Union MF bought a total of 20,54,795 shares or 3.64 per cent stake in Netweb Technologies India. Shares were picked up at an average price of Rs 2,232.10 apiece, taking the combined deal value to Rs 458.65 crore.

If you are all set to enjoy enhanced cooking experience, then we recommend you buy the best gas stove with 5 burners in India with the help of our article. All of the mentioned gas stove options feature advanced technology, latest features and high-quality materials. Go through them all, find the one that suits you the best and place your order using the given buying links.