India Financial News

Parle Products, continues to be India's top FMCG brand, according to the latest edition of Brand Footprint, Kantar Worldpanel’s annual ranking of the most chosen consumer brands in India. In fact, seven of the top 10 brands are owned by homegrown companies.

Catch all LIVE Updates on Mumbai rains hereMumbai rains LIVE: Mumbai witnessed heavy showers today amid IMD's yellow alert.Mumbai rains LIVE: Central Railway rescheduled “CSMT-MADGAON TEJAS EXPRESS" with Train Number 22119 following heavy showers. It was earlier scheduled to depart at 5:50 pm today but will now leave for its journey at 7:30 pm.Mumbai rains LIVE: Andheri Subway has been closed for vehicular movement amid waterlogging following heavy rainfall.Mumbai rains LIVE: The India Meteorological Department (IMD) issued a yellow warning for heavy showers on Thursday, July 25, in Mumbai and Sindhudug districts of Maharashtra's Konkan region.

₹15,000) on a recruit’s first salary, internships offered at India’s top 500 companies, reimbursements of provident fund contributions and other measures aimed at higher participation of women in the workforce are expected to drive job creation substantially. The budget also aims to establish India as a leading startup nation. Key provisions include relief on the ‘angel tax’ and increasing the Mudra loan scheme’s limit from ₹10 lakh to ₹20 lakh per borrower.

Stocks to buy or sell: Following weak global market cues after lacklustre earnings from US tech behemoths Tesla and Alphabet, the Indian stock market ended lower for the fourth straight session. The Nifty 50 index slipped 40 points and closed at the 24,438 mark, the BSE Sensex shed 280 points and closed at 80,148, while the Bank Nifty index finished 348 points at 51,429. According to Sumeet Bagadia, Executive Director at Choice Broking, the Nifty 50 index has made a crucial support at 24,000, and the index is facing a hurdle at 24,800 to 24,850.

Income Tax Act proposed in the budget could help loss-making companies with high cash burn, including startups, conserve working capital, tax experts and lawyers said.

Agri Stack – a database of farmers in India with details like their agriculture landholding, GPS coordinates of each plot and crops grown on them – will cover 60 million farmers by the end of this financial year, an agriculture ministry official said.

«The recovery noticed from today's low will be evident only post the monthly expiry on Thursday. At the same time, the ongoing Q1 results, which till date is muted, will decide the near-term trend,» said Vinod Nair, Head of Research, Geojit Financial Services

IT industry has raised concerns with the Indian government around Singapore's new framework for skilled worker visas, saying it could hinder ease of doing business due to the existing skills shortage.

budget seems to have spurred foreign investors to step up purchases of government bonds, with overseas investment in such debt well poised to head past the $2 billion-per-month flow that was expected after inclusion in a JP Morgan index. Aggregate holdings of foreign portfolio investors (FPI) in index-eligible fully accessible route (FAR) government bonds increased by ₹1,963.7 crore to ₹1.9 lakh crore on Tuesday, following the presentation of the FY25 budget.

₹9 trillion by the end of this fiscal from ₹4.9 trillion at the end of Q1on the back of a stronger-than-ever pipeline of large projects, in a reflection of the rising activity in the infrastructure and energy space in India. The company's consolidated order book grew 19% year-on-year (y-o-y) in the June quarter, with the share of international orders at 38%. “We see a very strong order pipeline—60% of this is from domestic opportunities and the rest from overseas," R.

budget in the Rajya Sabha on Wednesday, senior Congress leader and former finance minister P Chidambaram pushed forward five demands from finance minister Nirmala Sitharaman.

budget underscores the government's steadfast commitment to growth without compromising on fiscal discipline. The overarching message is clear: progress for all segments of society through equal opportunity. This blueprint addresses critical sectors such as manufacturing, services, agriculture, and startups, while providing targeted support for women and job seekers. An unwavering resolve to elevate India to a 'developed economy' status by 2047.

farmers, accompanied by Congress MPs from Haryana and Punjab, met Lok Sabha's Leader of Opposition Rahul Gandhi in Parliament House on Wednesday and expressed unhappiness about the budget not announcing legal guarantee on minimum support price (MSP) for their products.

Finance Secretary TV Somanathan said in an interview to Anuradha Shukla and Deepshikha Sikarwar. Edited excerpts:

Private sector activity in India rose to a three-month high of 61.4 in July from 60.9 in the previous month, the HSBC Flash India Composite Output Index showed Wednesday. Backlogs of work rose further, prompting the best upturn in employment in over 18 years, according to the survey report.

YS Jagan Mohan Reddy staged a day-long protest against "post-poll violence" in Andhra Pradesh at Jantar Mantar here and received support from INDIA bloc parties and AIADMK.

Nitin Gadkari is likely to represent India at the Iran President-elect Masoud Pezeshkian's swearing-in ceremony on July 30, displaying New Delhi's commitment to the partnership marked by the recent 10-year-deal on the Chabahar Port. India has been deputing senior ministers and leaders to Iran on important occasions in the backdrop of the nature of the partnership. Earlier this year, Vice-President Jagdeep Dhankar represented India at Iran's former president Ebrahim Raisi's funeral. Raisi played a key role in the bilateral pact that will allow India operations of the Chabahar Port for 10 years. India had played a role in Iran's Brics membership last year. Five presidents and ten parliament speakers from different countries will attend Pezeshkian's inauguration. The election in Iran was necessitated following Raisi's death in a helicopter crash. Raisi had plans to visit India this year.

New Delhi: Close on the heels of PM Narendra Modi's Moscow trip for the annual summit, Russia is supplying 120 super long-range Surface-to-Air missiles to India that will give the country's military an edge over Pakistan.

India and the United Kingdom are launching a new 'Technology Security Initiative' (TSI) to elevate the strategic partnership between the two countries to the next level. This was announced during visit of UK Foreign Secretary David Lammy. The TSI will be coordinated by the National Security Advisors (NSAs) of both countries through existing and new dialogues. The NSAs will set the priority areas and identify interdependencies for cooperation on critical and emerging tech that will, in turn, help build meaningful technology value chain partnerships between two countries, officials said. The progress made on the initiative will be reviewed on a half yearly basis at Deputy NSA level. «We will also set up a bilateral mechanism led by India's Ministry of External Affairs and the UK government for promotion of trade in critical and emerging technologies, including resolution of relevant licensing or regulatory issues,» an official said.

₹18,100 crore production-linked incentive (PLI) scheme for advanced chemistry cells (ACC) is nearly exhausted. Early gainers may include companies already approved under the ACC PLI such as Ola Electric Mobility, Reliance New Energy and Rajesh Exports.