India Financial News

Central Bank’s policy meeting globally as the US Federal Reserve, BOE, and BOJ will announce their decisions. «Interest-sensitive sectors including banking will remain in focus. Overall, we expect the market to continue its gradual uptick, however, volatility cannot be ruled out ahead of key events,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

budget will help keep its growth outlook healthy, said World Bank chief economist Indermit Gill, flagging the reduction in public debt as a key focus area for the government, along with putting education in mission mode. He noted that India has done a good job of making sure the fiscal deficit is reduced from last year.

ecommerce — sales by brands through their websites, apps and social media — has grown to 10-15% of India’s online retail market of $70-75 billion now from 2-3% five years ago, according to industry data and analysts.

Adani Energy Solutions is expected to launch a qualified institutional placement (QIP) this week or next to raise up to $1 billion (₹8,400 crore), according to people with knowledge of the matter. The board of the Adani Group's power transmission unit had in May approved raising ₹12,500 crore through equity to fund expansion. «Adani Energy is set to launch its QIP after a month of roadshows with GQG Partners, Qatar Investment Authority, two US-based funds new to India, and domestic mutual funds showing interest,» said one of the persons cited. «The QIP is expected to be launched later this week or early next week to raise around $700-800 million, with the potential to increase it to $1 billion in case of demand.» The company has appointed ICICI Securities, SBI Capital Markets and Jefferies as advisers.

₹185 trillion, or 56.8% of the GDP, during 2024-25, minister of state for finance Pankaj Chaudhary said in a written reply to the Lok Sabha on Monday. According to the International Monetary Fund, World Economic Outlook, April 2024, India's GDP at current prices has already reached $3.57 trillion in 2023-24. Experts said the Centre could look to stabilise the fiscal deficit at 4% after 2025-26, by targeting a range of 3.7%-4.3%.

Oshi no Ko Chapter 157 is set to release soon. Fans are eager to know what will happen next in this final arc. Here are the details on the release date and some spoiler speculation.

Onion prices are expected to stay elevated at least for a fortnight as farmers are delaying sale of their harvest, expecting better prices as seen by a 50% drop in arrivals at the benchmark Lasalgaon market in Nashik. Arrival of the new crop from south India is likely to help soften onion prices from mid-August, say traders.

OnePlus smartphones will feature prominently in the sale, including the OnePlus Nord CE 4 Lite, OnePlus Nord 4, OnePlus Nord CE 4, OnePlus Open, OnePlus 12R, and OnePlus 12. The discounted prices for these models will be announced as the sale event approaches.In addition to OnePlus, the sale will offer discounts on various iQOO models such as the iQOO Z9 Lite 5G, iQOO 12 5G, iQOO Neo 9 Pro, iQOO Z7 Pro, iQOO Z9, and iQOO Z9x.

₹72-76 per share, valuing the company at $4 billion ( ₹33,522 crore) at the upper end, a sharp discount to the $5.4 billion valuation it commanded in its last private funding round in September. The Bhavish Aggarwal-led company is looking to raise ₹6,146 crore by selling investors an ecosystem-led electric vehicle (EV) growth story, with investments in making cells and components. Of this, ₹5,500 crore will be raised through the issue of fresh equity while about ₹646 crore will be through an offer for sale by existing shareholders.

Indian crypto exchange WazirX which lost over $230 million of users’ funds in a massive hack has proposed a controversial recovery plan that involves distributing the loss to all WazirX users.

₹1 crore from Bira, pending for a year. Both Suri and Marwah did not respond to Mint’s requests for further clarifications. An email sent to Bira requesting clarification on Suri’s claims remained unanswered.

rupee declined to a record low of 83.7275/$1 on Monday due to month-end dollar demands by corporates, but further weakening of the currency was capped because of likely intervention by the Reserve Bank Of India. The local currency ended at 83.7275 against the US dollar on Monday, unchanged from its previous record low close on Friday, LSEG data showed. The currency hit its record intra day low of 83.74/$1 during Monday's trading session.

Fresh off the year’s most extravagant wedding, Nita Ambani inaugurated the India House for the Paris Olympics

Ola Electric has been known for its electric scooters, including the Ola S1 Pro, Ola S1 Air, and Ola S1X, but the company is now setting its sights on the electric motorcycle market. As per the publication, according to Aggarwal, the first electric motorcycle will be available within the first half of 2025. More detailed information on the forthcoming models will be unveiled at an event scheduled for August 15.

Adani Energy Solutions, led by billionaire Gautam Adani, is likely to launch a share sale this week to raise more than $600 million, two sources with direct knowledge of the matter told Reuters on Monday. The sale of existing shares will be Adani Group's first fundraise from equity markets after a $2.5 billion share sale was scrapped in February last year after U.S.-based short seller Hindenburg Research accused the group of improper use of offshore tax havens and stock manipulation.

Colgate Palmolive India reported a 33% rise in first-quarter profit on Monday, boosted by price hikes and steady domestic demand. The company's net profit rose to 3.64 billion rupees ($43.5 million) in the April-June period from 2.74 billion rupees a year earlier.

Lounge at the Sports Authority of India training ground in Bengaluru in early July. Another reason athletes, professional or recreational, need to include strength training in their plans is because it helps prevent injuries by reducing fatigue and maintaining resilience over a longer period of time. Movements such as squats, lunges, or step-ups are fundamental and are included in the training of all athletes irrespective of their sport.

Steel products maker Goodluck India on Monday posted a 22 per cent rise in consolidated net profit to Rs 34.99 crore during the June 2024 quarter, helped by higher income. It had clocked Rs 28.59 crore profit in the year-ago period, the company said in an exchange filing. The company's total income rose to Rs 917.73 crore from Rs 859.05 crore in the April-June period of FY2023-24.

CRISIL Ratings reaffirmed its ‘CRISIL AAA/Stable’ rating on the corporate credit facility of DBS Bank India Ltd (DBIL). The rating on the certificate of deposits programme was also reaffirmed at ‘CRISIL A1+’.Recognised for its global leadership, DBS has been named “World’s Best Bank" by Global Finance, “World’s Best Bank" by Euromoney, and “Global Bank of the Year" by The Banker.

AWS) has launched a two-week pop-up, GenAI Loft, aimed at fostering innovation and community in the evolving landscape of generative artificial intelligence technology in Bengaluru on July 29. The loft is open to visitors till August 9.

Reserve Bank of India said that global acceptability of the UPI and the development of CBDCs — can lower the cost of remittances, enhance their volume and also inflows to the recipients.