India Financial News

schedule of India's upcoming white-ball tour of Sri Lanka has been revised, and the start of the contest pushed back by a day to July 27, the BCCI said on Saturday. The Indians will be touring the island nation later this month for three T20 Internationals and as many ODIs. Originally, the first match — a T20 International — was to be played on July 26, but it will now be held on July 27, followed by the remaining two T20 games on July 28 and July 30, with all the ties to be played at the Pallekele International Cricket Stadium. The ODis, initially scheduled to start on August 1, will now begin on August 2, followed by the remaining matches on August 4 and August 7, with all the games to be held at R Premadasa Stadium in Colombo.

climate change is leading to more thunderstorm activity and consequently, more lightning strikes worldwide, senior scientists said on Saturday. At least 43 people were killed due to lightning strikes in Uttar Pradesh on Thursday and 21 in Bihar on Friday. Most of the people killed were either transplanting paddy in fields, grazing cattle or taking shelter under trees to protect themselves from the rain. Former Secretary in the Union Ministry of Earth Sciences, Madhavan Nair Rajeevan, said climate change is increasing the formation of convective or thunderstorm clouds.

Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around USD 150 million, sources aware of the development said. Softbank invested about USD 1.5 billion in One97 Communications — the owner of Paytm brand — in tranches in 2017. «Softbank has exited Paytm at a loss of 10-12 per cent. The total loss is around USD 150 million,» one of the sources said.

equity market through IPOs & FPOs during the first half of 2024, more than double the amount raised in the same period last year. The Jan-June total is the highest ever in terms of proceeds, with the number of issuances also rising 64%. The surge has been driven by follow-on public offers (FPOs) this year — making up 85% of the total proceeds this year, LSEG’s India Investment Banking Review said.

NBDA) has unanimously elected India TV chairman Rajat Sharma as its president. He replaces Avinash Pandey, the former CEO of ABP Network. Sharma said that the TV news industry is at a critical juncture and NBDA needs to collectively work together to advance the interests of the genre, which is operating under tremendous pressure.

NITI Aayog is likely to hold its ninth governing council meeting on July 27 to deliberate on the government’s Vision 2047 for a Viksit Bharat. The meeting, to be chaired by Prime Minister Narendra Modi, is expected to be attended by chief ministers of all states and lieutenant governors of union territories besides the top minister of the Modi cabinet. Governing council is the apex body of NITI Aayog. The Aayog has been pursuing the policy of cooperative federalism and has regularly called upon all states to deliberate on important matters pertaining to the economic growth of the country as it feels India’s growth is closely linked with that of states. Prior to this, finance minister Nirmala Sitharaman is expected to lay out the blueprint for a Viksit Bharat while presenting the full Union Budget on July 23.

ONDC) is expecting 30 to 40 million monthly transactions through the platform by March 2025, its CEO T Koshy said on Wednesday. The open network witnessed 10 million transactions in June, up from over 7 million in March. «In March (2024) it was 7 million plus transactions. Now in June we had 10 million transactions and I think by the end of the fiscal year it should be 30 to 40 million (monthly) transactions,» Koshy said at a CII event here.

Telecom Regulatory Authority of India (TRAI) is likely to relax some of the parameters in the proposed quality of service (QoS) rules that have been termed too stringent to meet by the industry. The regulator though has stressed that telecom operators must improve service quality, especially on the back of the recent tariff hikes. «The telcos have submitted their comments on the draft regulations during the consultation process. We are aware of the challenges and the final rules would likely address issues raised by the telcos,» a senior official said, asking not to be named. The regulator is likely to issue the final rules in a month or so after taking account of the industry concerns, officials added.

Paris 2024 Olympics, with several athletes poised as strong medal contenders. This article provides a comprehensive look at India's top prospects, highlighting their strengths and potential challenges. Neeraj Chopra: Javelin Throw Who: Defending Olympic champion in men's javelin. Strengths: Consistency within the 87-89m range, winning major events.

India should not just participate but steer the ongoing AI revolution, and mobilise the powerful technology to bring the nation to the forefront of the global stage, the country's G20 Sherpa Amitabh Kant said on Thursday. «We're truly in a unique moment with the ongoing AI revolution. Its relentless advancing capabilities across the board, its increasing adoption by citizens, and most importantly, its potential to redefine the very fabric of industry and society marks this as a transformative era,» the former NITI Aayog CEO said at the Global IndiaAI Summit here. Citing industry body nasscom, Kant said 70 per cent of Indian startups prioritise AI to drive their growth, thus underscoring the critical role of AI in the startup ecosystem. «India proudly holds the position of having the second highest number of GitHub AI projects globally, accounting for 19 per cent of worldwide AI projects. this demonstrates a vibrant and active engagement in AI development on an international scale.

The volatility index, India VIX has failed to sustain above the 200-day EMA level and thereafter witnessed minor correction on Wednesday.

Peace dialogue does not succeed amidst bombs, guns and bullets and no solution to any conflict is possible in the battlefield, Prime Minister Narendra Modi said this to Russian President Vladimir Putin on Tuesday as the two leaders held talks under the spectre of the Ukraine conflict. In his televised opening remarks, Modi conveyed to Putin and assured the world community that India is on the side of peace and was ready to contribute in ending the conflict in Ukraine. «For a bright future for the new generation, peace is most essential...Peace talks do not succeed amidst bombs, guns and bullets,» he said. The prime minister also referred to his informal meeting with Putin on Monday and said listening to the Russian president lent «hope».

After a rocky start to the tournament, Shubman Gill & Co found their rhythm in the second T20I against Zimbabwe, thanks to a explosive century by debutant Abhishek Sharma and heroics of spinners Ravi Bishnoi and Washington Sundar and beat the hosts by 100 runs. In the third T20I, the young Indian team continued their victory march against Zimbabwe with a 23-run win.

Vienna visit, and lauded the ties shared by India and Austria. In a post shared on X, PM Modi posted a video depicting his engagements that took place in Austria during his 2-day long visit to the European nation, and wrote «May the India-Austria friendship scale new heights of progress!» «Highlights from a special visit.» he wrote sharing glimpses of the visit.

India needs a stronger and prominent presence in Central Asia in the backdrop of Prime Minister Narendra Modi's successful foreign policy outreach and there are several promising areas of cooperation including in the fields of green energy and digital technologies, according to Kazakhstan Institute for Strategic Studies chief expert Aliya Mussabekova. “Foreign policy of PM Modi over the last ten years was very successful; here in Kazakhstan we feel its cooperative and supportive interest in our country as well as in the region. But in my point of view, there is a need for a stronger and more prominent Indian presence in Central Asia,” Mussabekova, a leading strategic affairs expert in Kazakhstan, told ET. “I work at an analytical centre, and I can say that even at the level of relations between think tanks, we do not have an established ongoing dialogue. For instance, representatives from Kazakhstan do not participate in the main Indian forum, the Raisina Dialogue,” Mussabekova noted.

The Ambani family, known for their influence and connections across various sectors, extended invitations to a wide list of decisionmakers from political parties. The attendance of the diverse guests is a symbol of goodwill, transcending diverse political ideologies in a country known for its vibrant yet often contentious political landscape. The guest list reads like a who's who of Indian politics.

Red Sea crisis and ongoing war between Ukraine-Russia and Israel-Hamas. E-commerce exports are growing rapidly and those done through the postal and courier routes are pegged at $1.5 billion. Here's a look at the challenges the export sector is facing and its budget wishlist. India's goods and services exports in FY24 were at an all-time high of $778.2 billion, up 0.23% from $776.4 billion in 2022-23 (goods USD 437.1 billion and services USD 341 billion). Key issues in India's export saga;

Marico Ltd.(up 4.22%), Jyothy Labs Ltd.(up 4.13%), Godrej Consumer Products Ltd.(up 3.80%), Emami Ltd.(up 3.50%), Bajaj Consumer Care Ltd.(up 2.85%), Dabur India Ltd.(up 2.81%), Gillette India Ltd.(up 2.59%), Adani Wilmar Ltd.(up 1.93%), Hindustan Unilever Ltd.(up 1.58%) and Procter & Gamble Hygiene & Healthcare Ltd.(up 1.37%) stood among the top gainers.

Hardik Pandya bowled the final ball in ICC T20 World Cup 2024, the celebrations of India's victory have not ceased. Rohit Sharma & Co met Prime Minister Narendra Modi on July 4, soon after landing in Delhi from Barbados. The PM hosted the World Cup champions for breakfast at his residence and also interacted with the entire team and learning about their experiences throughout the marquee tournament. BCCI secretary Jay Shah and President Roger Binny were also present at 7 LKM and gifted Modi an Indian jersey.

Jammu and Kashmir, the Congress on Saturday said it can only mean that full-fledged statehood for J&K is unlikely in the immediate future. The Centre has increased the remit of J-K LG on matters related to decisions on police, officers of all-India services such as the IAS and the IPS, and sanctioning prosecution in various cases. The powers were given to the LG by the Union home ministry on Friday through an amendment to the rules issued under the Kashmir Reorganisation Act, 2019, which was enacted for the bifurcation of the erstwhile state of Jammu and Kashmir into Union Territories of Jammu and Kashmir and Ladakh, while abrogating Article 370. In a post on X, Congress general secretary Jairam Ramesh said, «The only meaning that can be drawn from this notification is that full-fledged statehood for J&K does not seem likely in the immediate future.»

gig economy, tier-one cities led in short-term blue-collar employment opportunities, accounting for 67.1 per cent openings from June 2023 to June 2024, a report said on Saturday. These tier-I cities, which have a large concentration of gig working opportunities, saw 63.11 per cent job applications originating from these urban hubs, a report by tech-enabled blue-collar workforce recruitment platform WorkIndia said. Tier-II cities saw 26 per cent of such job openings and accounted for 25 per cent of applications, indicating balanced growth potential, the report said. However, tier-III cities exhibited a lower proportion of job openings (6.7 per cent) compared to 11 per cent applications, hinting at heightened competition amidst an oversupply of gig workers, the report stated.