India Financial News

BPEA Credit has committed Rs. 250 crore worth of funds to DMW Group which is engaged in the niche precision manufactured components space, according to a statement from the private credit investor. The funding includes a green shoe option.

MediaTek, a leading fabless semiconductor company, and JioThings Limited, subsidiary of Jio Platforms Limited, on Thursday announced the launch of “Made in India” Smart Digital Cluster and Smart Module specially tailored for the two-wheeler (2W) market.

Bibhav Kumar has moved the Supreme Court for grant of bail in the AAP Rajya Sabha member Swati Maliwal assault case. As per the apex court website, Kumar moved the bail plea on July 19 and it was registered on July 24.

Kargil War, the Headquarters of the Army Training Command (ARTRAC) in Shimla is celebrating the 'Kargil Vijay Diwas Rajat Jayanti Mahotsav.'

Agriculture sector provides livelihood support to about 42.3% of the population of India and has a share of 18.2 per cent in the country’s GDP at current prices. As a sector, it has been buoyant, which is made evident by the average annual growth rate of 4.18% at constant prices over the last five years. It, however, can't be denied that there are a host of difficult, entrenched issues, which have kept the sector from reaching the next level, where it can be among the economy's saviours.

evacuated to safety on Thursday following flooding in Sinhagad Road and some other areas along the riverbank in Pune city due to incessant rains, officials said. Two columns of the Army were deployed in Sinhagad Road area which was severely affected by flooding, they said.

Sanstar will debut on the exchanges on Friday. Ahead of the listing, the company's shares are trading with a GMP of Rs 30 in the unlisted market. Considering the upper price band of Rs 35, the stock is expected to list with a premium of 32%.

PG Electroplast zoomed 16% to its new all-time high of Rs 464.85 on BSE today after the company on Wednesday reported that its consolidated net profit rose 151.2% to Rs 84.93 crore for the June quarter. The same stood at Rs 33.81 crores in Q1FY24.

Mankind Pharma, India’s fourth largest pharma company by market share, is all set to acquire BSV Group, formerly Bharat Serum & Vaccines, from Advent International for around Rs 14,000 crore ($1.67 billion), people aware of the development told ET. Mankind will be trumping a rival bid from a consortium of EQT and Abu Dhabi Investment Authority (ADIA).

Amazon customer, Sofia Serrano, discovered a live lizard inside her package after ordering an air fryer. Serrano posted about the incident on X (formerly Twitter), raising concerns over safety and responsibility. Amazon responded by inquiring about the purchase details. This incident follows a similar case in India where a woman found a snake in her Amazon delivery.

Air India Express, a subsidiary of Tata owned Air India on Thursday announced that it has expanded its network to Tripura. It will introduce daily direct flights connecting Agartala to Guwahati, Delhi and Kolkata from September 1, said the airline in a press release. Tripura will be the airline’s 46th destination.

ICMR), in collaboration with the National Health Authority (NHA) and WHO India, has released 32 new Standard Treatment Workflows (STWs) for treating common and serious diseases under five specialties namely Cardiothoracic Vascular Surgery, Paediatric Cardiology, Interventional Radiology, Neuro Surgery, and Orthopaedics on 25 July, Thursday.These 32 new standards are an addition to the already existing 125 STWs previously released across 23 specialties in 2019 and 2022 by the ICMR.The ICMR introduces evidence-based STWs to enhance medical care consistency in India. These guidelines, created by national experts, promote optimal treatment practices, rational drug use, and efficient healthcare services. Each concise one-page document outlines key actions for physicians, ensuring uniform healthcare standards in India's public healthcare system.

MUMBAI : Nifty 500 companies, employing over 10 million employees and workers, recorded an 8.5% year-on-year rise in workplace injuries in 2022-23, showed a report by proxy advisory firm Institutional Investor Advisory Services (IiAS). While the total number of workplace injuries increased to 10,733 in 2022-23 from 9,889 a year ago, the number of high-consequence injuries rose by a third to 907 from 679 in India’s top 500 listed companies by market capitalization, said the report titled India: Workplace Safety Report FY23.

Google Maps is now going live in Kochi and Chennai, powered by the government-backed Open Network for Digital Commerce (ONDC) and Namma Yatri. Last December, Google had announced a collaboration with ONDC and Namma Yatri to streamline public transport experience on Google Maps. «Starting this week, Google Maps in Kochi and Chennai will allow you to book your tickets. Now, when you search for public transport directions in these two cities, you'll start seeing a new booking option for the metro leg of your trip. With a tap, you'll be guided through the booking and payment process, eliminating the need to wait in line at the station,» said Anal Ghosh, India Product Lead, Google Maps, while talking to reporters in Bengaluru on Thursday.

N Jayakumar, MD, Prime Securities, says “large swathes of India are okay that the people who are making more money are paying a little more and in some form or shape through the government is coming back to us. These may be socialistic streaks, but it is also a reality. There is a co-existence of the billionaires along with the looting of shops in San Francisco and in different parts of the US. The same is true in Europe as well. Social unrest is out on streets in many parts of the world and heavens forbid we have anything like that here.” Do you agree that more than the capital gains adjustment, it is the global cues that are going to be dictating to the Indian market as is the case this morning? N Jayakumar: And indeed that should be the case. All said and done, the budgets come and go. The roadmap has been re-emphasised and laid out again. If it means taking a little more from the people who are “making a lot of money,” which is through the markets, it is par for the course. I do not have an issue with that. Growth needs to be inclusive.

«So, if you see what we build up for the domestic business, the 5% volume growth and overall, the 9% top line growth for the company, but again the numbers are not pretty well for the company and also as I said earlier that the volatility in the raw material prices, especially in the cocoa and the coffee prices,» says Preeyam Tolia, Axis Securities. What is your first outlook coming in for Nestle India? The numbers they seem to be below estimates, at least for ET Now poll. Preeyam Tolia: Yes, the numbers are below our estimate as well in terms of the top line as well as on the margins front. So, please note that there is inflation in the raw material prices which has also impacted margins. At the same time, the volumes have not picked up as per the anticipation. So, the numbers are pretty weak for Q1.

Nirmala Sitharaman, marks a significant step towards realising the vision of a ‘Viksit Bharat’. The Union Budget focuses on fiscal consolidation with a target of a 4.9% fiscal deficit of GDP. Key allocations include substantial funding for infrastructure, rural development, employment, and skilling initiatives. Significant policy changes include the abolition of the Angel Tax for startups, and promoting investment and innovation. The budget emphasises technology, with increased funding for research and development, also prioritising digital infrastructure, and women's development with a strong support to MSMEs and entrepreneurship.

Indo-Korean Startup Community Meetup, at the Embassy of India in Seoul, attended by over 80 participants including 50+ founders, investors, academia, government officials, media, and industry experts. The Circle FC team also met and engaged in a discussion with H.E. Amit Kumar, the Ambassador of India to South Korea on steps to strengthen India-Korea startup cooperation

Info Edge (India) Ltd. traded 1.3 per cent down at Rs 6859.0 at 12:48PM (IST) on Thursday, even as BSE benchmark Sensex dropped 191.04 points to 79957.84. The scrip had closed at Rs 6949.85 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 7064.6 and Rs 3973.15, respectively.