India Financial News

26.07 / 01:40

markets UPS CEO Trade President International Gold bondholders winners even after slash in duty

₹3,119 per gram while the current rate of 24-carat gold is ₹6,818 per gram, a gain over two times on investment , or 10.3% compounded annual growth rate, as per Reserve Bank of India (RBI) and India Bullion & Jewellers Association (IBJA) rates. To give context, the Nifty has compounded by 13.8% over the same period, making gold a "reasonably good portfolio diversifier, along with the interest on the issue price," according to Amol Joshi, founder, PlanRupee Investment Services, a mutual fund distributor.

26.07 / 01:39

markets Action security WhatsApp Research Trade Pre-market action: Here's the trade setup for today's session

Equity markets opened on a weak note and closed flat with negative bias on Thursday. Weak global cues along with moderate first quarter earnings so far have dampened the sentiments. «Overall we expect the market to continue its consolidation mode with stock-specific action given the earning season is in full swing. All eyes will be on the US Q2 GDP data that will be released late today. Thus, markets would take cues from their peers,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

26.07 / 01:35

COST Waters security wellness Experts reports International Indian borrowers take fancy to Japanese debt

₹0.55. “The advantage of borrowing in a currency that is expected to depreciate is that the borrower has to repay that much less," said Anindya Banerjee, vice-president of currency derivatives and interest rate derivatives at Kotak Securities. At the same time, Banerjee warns that what matters is not how much that particular currency has moved in the past, but how it is expected to behave in the future.

26.07 / 01:30

markets UPS Aware Manufacturing Apple Research wellness Foxconn eyes major expansion in India: Plans to assemble Apple iPads at Tamil Nadu facility

Foxconn is evaluating plans to assemble Apple’s flagship tablet iPad in India, marking a significant expansion of its current operations focused on making iPhones, multiple people aware of the developments told ET.

26.07 / 01:27

markets Platform economy wellness country social reports Luxury watchmakers pivot to India amid slump in Chinese market

Raynald Aeschlimann, president and chief executive officer of watch company Omega, owned by the Swatch Group AG, spoke exclusively to Mint virtually about India as a market and the promise it holds. For the entire group, South Korea, India and the United Arab Emirates also considerably outperformed the previous year. The shift away from China—the largest consumer of luxury in the world—has impacted Swatch, Omega's parent, which reported lower half-yearly sales from a year ago.

26.07 / 01:20

UPS Digital security country Sify prevention Schools India needs to rely on homegrown tech to avoid Crowdstrike-like blip: Sify chief

India needs to continuously encourage homegrown technologies and reduce its dependence on foreign companies to prevent being affected by incidents like the recent Windows outage, Raju Vegesna, chairman and managing director of Sify Technologies, told ET.

26.07 / 01:17

Citi Extreme CEO reports Schools Colleges International KKR's roll call for EuroSchool chain tempts Carlyle, Partners, EQT, CPPIB

₹1,400 crore, and infused more funds to acquire assets. The private equity firm has hired JP Morgan and Avendus to find buyers for Lighthouse. The 100% stake sale in Lighthouse, that was formerly called EuroKids International Group, assumes significance given that schooling and pre-schooling are perceived as regulated sectors, and any foreign investor will have to get comfort before going ahead with the investment, the three people said.

26.07 / 01:14

markets UPS Manufacturing Apple Research wellness Foxconn iPadding up to assemble in India

25.07 / 21:00

markets Target FIVE Manufacturing Sustainability Boxing rights View: Budget 2024 ticks all the boxes, will push Viksit Bharat goal

budget 2024 does just that. For me, there are four key take-aways as I go through the budget details.

25.07 / 20:33

UPS Target Manufacturing Align Research country inclusion Growth-oriented outlook, inclusive provisions to uplift all sections of society

Budget 2024 indicate an intention to have a multiplier effect for uplifting the poor, youth, women, and farmers. Some key themes emerge out from this year.

25.07 / 20:23

UPS Mobile country electronic Department rights Interviews Will suggest correction of duty inversion in some electronics and leather goods: Rajesh Kumar Singh, DPIIT

DPIIT) will suggest the finance ministry to correct duty inversion in some electronics and leather goods in the upcoming customs duty review and is also looking at suggestions on a crackdown on tobacco firms' proxy ads, DPIIT secretary Rajesh Kumar Singh said. In an interview, he also told ET that the government has instruments such as Quality Control Orders (QCO) and import tariffs to trigger investment decisions. Edited excerpts:

25.07 / 20:10

markets UPS Strategy students Interviews orienteering strategies Banks need to devise new strategies to attract depositors: Financial services secretary Vivek Joshi

Banks need to devise new strategies to attract depositors, financial services secretary Vivek Joshi said, even as he noted that Indian banks' low-cost deposits, current and savings accounts (CASA), are comfortable at around 41% of their total deposits.

25.07 / 20:06

RBI Crypto Policy India to Release Landmark Crypto Policy Paper in September

In a July 25 interview with Moneycontrol, Indian Economic Affairs Secretary Ajay Seth announced that the country will release a discussion paper outlining its stance on cryptocurrencies before September 2024.

25.07 / 19:51

markets WhatsApp wellness trends show country International Offshore loans turn cheaper as global investors widen exposure

syndicated loan route has turned cheaper for local corporates even before a much-awaited rate cut by the US Federal Reserve as global investors increase exposure to a widening borrower base using such instruments in India.

25.07 / 19:45

Target economy Parke WhatsApp FY25 gold bond float target cut by 38%

gold bond issuance target for this financial year by 38% from the record interim budget goal, a senior official said, indicating waning investor interest amid better alternatives.

25.07 / 19:35

UPS security Sustainability Research reports guidelines Life insurers tweak products, incentives to protect margins after IRDAI's new surrender rules

insurers in India are working on ways to navigate new guidelines from the Insurance Regulatory and Development Authority of India (IRDAI), which mandate paying surrender value from the first year on non-participating policies.

25.07 / 19:13

Sustainability Dreams wellness show Olympics Sporting athletics The Paris pursuit: India eyes first-ever double-digit medal haul as the Games open today

Paris today with an audacious ceremony on the River Seine, the 117-strong Indian contingent begins their own audacious attempt at a first-ever double-digit medal haul. It may sound ambitious, but it’s not a pipe dream.

25.07 / 19:10

FIVE Charity WhatsApp Research President social reports IEG 2nd big NGO after Missionaries of Charity to regain FCRA licence

Union home ministry has restored the Foreign Contribution Registration Act (FCRA) licence of the Institute of Economic Growth (IEG), said people familiar with the matter.

25.07 / 19:00

Assurant security Strategy Research country inclusion innovations Hail-a-tax to catch a ride: Budget focuses on MSP assurance, tax adjustments & sectoral reforms despite implementation challenges

budget's rubric comprised four stakeholders: the poor, women, youth, and farmers. What drew immediate attention was reiteration of the interim budget's announcement of MSP for farmers of a 50% margin over the cost of production. This was assured by the previous FM, but didn't see the light of day. The renewed assurance will be watched closely. Women, youth and the poor have been assured many benefits, for which disbursements will be the real test.

25.07 / 18:59

Target WhatsApp stage country politician Jagan Mohan Reddy made Andhra 'Ganja' hub: CM N Chandrababu Naidu

YSRCP chief Y S Jagan Mohan Reddy staged a protest against rising violence in Andhra Pradesh, chief minister N Chandrababu Naidu on Thursday tabled a white paper on law and order and ganja in the Assembly on Friday.

25.07 / 17:46

Waters Assurant economy Food country inclusion innovations Budget 2024: Strong emphasis on agriculture & climate resilience signals transformative development

India's existence and across a series of budgets, one factor has remained constant: the economy's high dependence on the farm sector, thanks to its contribution to economic growth and consumption expenditure. So, it's good to see this budget putting the impetus on agriculture and its focus on more effective, efficient and climate-resilient public spending.

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