India Financial News

The overall growth of ER&D firms is still higher than IT services companies, but the trajectory of both segments have reversed in the recently concluded quarter. “Headcount growth has decelerated cumulatively for Indian pure-play ER&D services companies,” Kotak Institutional Equities said in a post-earnings season note. “These companies have focused on better resource utilization and hiring trainees to optimize cost structures over the past year.”

Titan, Hindustan Zinc, ITC, SpiceJet, Zomato among others will be in focus due to first quarter results and various news developments. Titan, Hindustan Zinc, Delhivery

Viacom18 and Walt Disney-owned Star India are hopeful of completing their merger by October, when the Competition Commission of India (CCI) is also expected to issue its order, officials familiar with the matter told ET. The National Company Law Tribunal (NCLT) has already put the merger scheme between Star and Viacom18 for final disposal. The merger, which was announced on February 28, is expected to receive the NCLT green signal as creditors and shareholders of both companies have approved it. «The biggest barrier to the merger proposal is the CCI approval. Once the competition watchdog approval comes, the merger deal will be more or less concluded. The expectation internally is that the CCI approval might come in October,» said one of the officials tracking the development.

Congress MP Rahul Gandhi claimed on Friday that the Directorate of Enforcement (ED) was planning a raid on him following his 'Chakravtyuh' speech in the parliament on July 29. The Congress MP said that he was 'waiting with open arms' after ED 'insiders' told him that a raid was being planned. In a post on X, Rahul Gandhi said, «Apparently, 2 in 1 didn't like my Chakravyuh speech. ED 'insiders' tell me a raid is being planned. Waiting with open arms, @dir_ed. Chai and biscuits on me.»

₹9,900 crore ($1.1 billion), as per Mint's analysis of data from its red herring prospectus. Maheshwari and Bahl will also be sitting on hundreds of millions. In addition, Aggarwal owns stakes in Ola Cabs and Krutrim AI, both of which are unicorns (startups with valuation of a billion dollars or more).

₹33,500 crore. Large as this may seem, it’s only 40% of what the company was earlier looking at, reportedly, and also a steep drop from its last funding round, which valued it at $5.4 billion. Naturally, too, Ola’s ramp-up to this stage invites closer scrutiny.

The healthcare tech company R1 RCM will be acquired for $9 billion and taken private by investment funds

India has offered Vietnam a $300 million loan to build up the Southeast Asian country's maritime security, as the two sides say they want to double their trade and investment within five years

silver medal at the Paris Olympics 2024, in the mixed 10m Air Pistol shooting, where India’s Manu Bhaker and Sarabjot Singh won the bronze medal.

One Piece Chapter 1122 will be released on Sunday, August 4, 2024. Fans can read the latest chapters for free on Manga Plus.

final chapter of My Hero Academia, Chapter 430, is set to release on August 4, 2024. This chapter marks the end of the popular series, wrapping up the journey of Deku and his classmates.

Jujutsu Kaisen Chapter 265 is set for release. This chapter will explore intense interactions between Yuji and Sukuna. Here are the details on the release timing and the spoilers.

Tata Motors’ electric car dispatches to dealers fell 21% in July year-on-year, making it a third consecutive monthly, year-on-year decline for the maker of Nexon.ev and Punch.ev models. PB Balaji, chief financial officer, Tata Motors Group attributed it to discontinuation of the subsidy scheme from April for the fleet segment and overall slowdown in the car market also dented volumes, the company said. Fleet sales account for 20% of its EV sales. Total dispatches at the maker of the Nexon.ev and the Punch.ev fell to 5027 units in July from 6329 units in the same month a year ago. This includes a few hundred units of exports. The company’s June quarter sales also dropped 14% to 16,579 units from the year ago period.

Infosys acknowledged the receipt of a notice for alleged evasion of over Rs 32,000 crore ($3.8 billion) in integrated goods and services tax (IGST), the IT major said it has received a communication from Karnataka State authorities, withdrawing the pre-show cause notice. In a late exchange filing on Thursday, the Bengaluru-based IT firm said, “The Company has received a communication from Karnataka State authorities, withdrawing the pre-show cause notice and has directed the Company to submit further response to DGGI central authority on this matter.” The development comes after a hue and cry raised by industry leaders and association post the media reports of a GST demand on Infosys. Earlier in the day, industry body, nasscom said that the recent episode reflects GST enforcement mechanism’s lack of understanding of IT industry operating model. It added that it is not a case of ‘import of service’ by the head office from the branch, as made out to be.

₹2.10 lakh to ₹2.20 lakh (ex-showroom), depending on the colour options.In addition to the new colours, the motorcycle features smaller rails around the tank, contributing to weight reduction. A new sticker with ‘ESTD 69’ commemorates Yezdi’s founding year. Furthermore, a new sump guard has been added for enhanced engine protection.On the mechanical front, Yezdi has made several improvements to reduce noise, vibration, and harshness (NVH) levels, enhancing the engine’s refinement.

From cushioned soles to breathable materials and advanced technologies, these top picks cater to a variety of running styles and preferences, ensuring you find the ideal match for your feet and running needs.

₹49.92 lakh. This re-entry marks the vehicle's return after nearly ten years.

When Bangladesh makes international news, it’s usually for tragedies: devastating cyclones, massive industrial accidents, grisly terrorist attacks. Even by those dismal benchmarks, the latest story from Bangladesh stands out—the deaths this month of more than 200 people during a government crackdown on student protests. The violence may signal the beginning of the end for 76-year-old Prime Minister Sheikh Hasina, under whose increasingly autocratic rule the country has turned into a de facto one-party state.

India, President of the 78th session of the UN General Assembly Dennis Francis told a global audience in Rome that the country has lifted millions of people out of poverty through digitalisation. Referring to the need to provide a basis to support rapid development, such as through digitalisation, Francis cited and lauded India's example and said: «Take for example the case of India… India has been able to lift 800 million people out of poverty over the last five or six years simply by the use of smartphones.» Francis was delivering a lecture at the Food and Agriculture Organisation (FAO) of the United Nations headquartered in Rome on «Accelerating progress towards Zero Hunger for the current and future generations.»

The crypto sector faced significant losses in July as hackers stole approximately $266 million through 16 separate breaches.

Middlesex University Dubai. This collaboration represents another significant step in IIM Shillong's global expansion and commitment to academic excellence. The agreement was formalised by Professor DP Goyal, Director of IIM Shillong, and Professor Cedwyn Fernandes, Pro Vice-Chancellor and Director of Middlesex University Dubai. This partnership aims to build a solid framework for collaborative academic initiatives, cultural exchanges, and research projects. The strengths of both institutions will be combined to enhance student experiences through exchange programs, joint degree offerings, and experiential learning opportunities.