India Financial News

6.67-inch pOLED display, ensuring vibrant visuals with a 120Hz refresh rate and a peak brightness of 1,600 nits. Safeguarded by Gorilla Glass 5, the screen promises durability alongside full DCI-P3 color gamut coverage, catering to discerning users' multimedia needs.In terms of design, the Moto G85 5G weighs a sleek 175 grams with a thickness of 7.59mm, offering a choice between three sophisticated vegan leather finishes: Cobalt Blue, Olive Green, and Urban Grey.Under the hood, the Moto G85 5G packs a punch with the Snapdragon 6s Gen 3 chipset, offering robust performance supported by up to 12GB of RAM and up to 256GB of storage.

introspection by all political parties. Addressing a joint session of both houses of the Maharashtra legislature to mark centenary celebrations of the state legislative council, Dhankar also said that democracy thrives on debate and dialogue, but dialogue among political parties was missing at present. «Democratic polity is witnessing a new low and it calls for introspection by all political parties,» the vice president said. «All is not well in parliamentary democracy. We are suffering sacrilege of disruption. Dialogue between political parties is missing,» he added. Slogan shouting and marching into the well of House was a painful situation for any presiding officer, said Dhankhar, chairman of the Rajya Sabha, adding that the chairman and speaker are made convenient punching bags by both sides. Decorum and discipline are the «heart of democracy» and the presiding officer should be respected, he added. «We are also not accommodative to the other point of view,» Dhankhar said, adding that parties often take confrontationist and adversarial approach instead of a cordial one. Ethics and morality have been the hallmarks of public life in India, he noted. While the state legislatures and Parliament are the «North Pole of democracy», legislators and MPs are its «lighthouses,» the vice president further said.

Mint, Alstom chief executive Henri Poupart-Lafarge detailed the company's plans to scale up domestic operations and promote the 'Make in India' initiative globally. This will soon include exporting electric locomotives made at its joint venture facility in Madhepura, Bihar. The goal is to boost both domestic and export revenues in India to over 1 billion euros (approx ₹xxx crore).

The NSE Nifty index was trading 17.75 points down at 24306.1, while BSE Sensex was down 81.06 points at 79915.54 at the time of writing this report.

Equity markets traded in a narrow range to close with minor gains on Thursday. Analysts said the release of pre-quarterly business updates is giving confidence in healthy Q1 earnings. «We expect this ongoing momentum to continue and the Nifty to consolidate in a broader range. Investors would watch for the US Non-farm payroll and Unemployment Rate,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services.

Sri Lanka will hand over the loss-making Mattala International Airport in Hambantota to a joint India-Russia venture «during the next few weeks» to run, Minister of Aviation Nimal Siripala de Silva said here on Wednesday. The India-Russia joint venture was awarded the management of the Mattala International Airport in Hambantota in southern Sri Lanka in April. The USD 209 million facility was once dubbed the «world's emptiest airport» due to a lack of flights. «Action will be taken during the next few weeks to handover the loss-making Mattala International Airport to a joint India-Russia venture,» de Silva told reporters. Earlier, the Sri Lankan Cabinet, which met on January 9, approved the calling of Expression of Interest by prospective parties. Accordingly, five proposals were received, and the Cabinet-appointed consultative committee decided to award a management contract spanning 30 years to Shaurya Aeronautics (Pvt) Ltd of India and Airports of Regions Management Company of Russia.

S Jaishankar on Wednesday met his Russian counterpart Sergey Lavrov on the margins of the Shanghai Cooperation Organisation Summit and discussed preparations for Prime Minister Narendra Modi’s scheduled visit to Moscow on July 8-9 including possibility of opening of two new Indian consulates in Russia. Currently besides the Indian Emabssy in Moscow, there are two Indian consulates— St Petersburg and Vladivostok. ET has learnt that India might open two more consulates in Russia and final announcement can be made at the annual summit next week. In their first meeting since December 2023, Jaishankar and Lavrov discussed aspects of the bilateral strategic partnership, including defence, energy, trade, investment and connectivity corridors. The two ministers also held preparatory talks for PM Modi’s upcoming visit, according to people familiar with the matter.

Gaurav Gupta is at the forefront of the fight against counterfeit luxury products in India, with nine cases filed in the Delhi High Court against various counterfeiters. Gupta — who has featured in the Paris Couture Week three times and whose designs have been worn by fashion powerhouses like Beyonce (for her Renaissance tour), Cardi B (Grammys 2023) and Mindy Kaling (Met Gala 2024) — has claimed damages of ₹2 crore from each of the counterfeiters and aims to get restraining orders against all nine. Most of these cases involve parties operating in Delhi, with one case in Mumbai and Punjab each.

₹24.87 trillion, weighed by a fall in corporate and wholesale loans. Total deposits were flat quarter-on-quarter at ₹23.79 trillion. The mismatch in credit and deposit growth has been plaguing the sector for a while now.

Stocks that are trading heavily or have substantial price changes on Monday: Chewy, Blackrock fall; Spirit AeroSystems, Amedisys rise

New York on Wednesday launched a dedicated platform for Indian students to find internship opportunities at companies in the United States. The consulate on a social media platform X said, «As part of the initiative to support Indian students in its jurisdiction, India in New York has developed a platform for Indian Students to find internship opportunities at companies in the USA.» «Several Indian and American companies and organizations have agreed to consider deserving Indian students for internship opportunities,» it added.

Hardik Pandya, Natasa Stankovic has taken to social media to share a poignant message on the importance of empathy in society. The actress and model, known for her roles in Bollywood and appearances on reality TV, posted a reflective video on Instagram addressing the tendency to judge others prematurely.

hotel chains are rushing to India’s Northeast—home to natural beauty, rich flora and fauna and diverse culture—to capture a fast-growing market for leisure and business travel. Estimates shared by JLL with ET showed a sharp rise in branded new hotel signings in the Northeast in 2023 with about 1,230 keys signed, up from around 449 keys signed in 2022. Guwahati—considered as the ‘Gateway to the Northeast’—was the most active market, with 1100 keys signed since 2018, followed by Gangtok at 690 keys and Shillong at 280 keys.

₹14,999. The smartphone comes powered by the latest MediaTek 7300 chipset and features a 50MP primary sensor. The smartphone also comes with some nifty hardware accessories like interchangeable back case, card holder and The CMF Phone 1 is priced at ₹15,999 for the 6GB RAM/128GB storage variant and the 8GB RAM/256GB storage variant is priced at ₹17,999.

Galaxy Z Fold 6 and Z Flip 6 are powered by the custom Snapdragon 8 Gen 3 Mobile Platform, designed specifically for Samsung. This chipset, combined with 12GB of RAM, promises superior performance and efficiency.

annual summit surprised many in the international community, the genesis of this visit was two telephone conversations between President Vladimir Putin and the Indian PM this year. The two first spoke following Putin’s Presidential polls victory in March. This was followed by Putin’s call to Modi (first P5 leader to telephone the PM) after BJP-led NDA’s election victory on June 4. ET has learnt that during the conversations the two discussed the possible visit by Modi for annual summit and it was decided that the PM could probably visit Russia by middle of this year. The government on both sides then worked to firm up the schedule as it was felt that a political summit was imperative to give momentum to the strategic partnership. Earlier during his trip to Moscow last December External Affairs Minister S Jaishankar had informed that Modi will visit Russia this year and he is also scheduled to attend the BRICS Summit in Kazan, Russia, end of October.

On the BSE, Raymond(down 36.24 per cent), Diggi Multitrade(down 13.09 per cent), Labelkraft Tech(down 10.29 per cent), Omni Axs Software (down 9.97 per cent) and Kiran Syntex(down 9.37 per cent) were among the stocks that plunged over 5 per cent during the session.

MobiKwik on Monday said it has become the largest digital financial services platform in terms of PPI Wallet transactions by value for April and May. Quoting Reserve Bank of India (RBI) data, MobiKwik said it has gained its market share in financial transactions through the Prepaid Payment Instrument (PPI) Wallet during the two months. The company saw its market share by value grow from 11 per cent in March 2024 to 20 per cent in April and further to 23 per cent in May.

This is in sharp contrast to the last two years, when fast-moving consumer goods (FMCG) companies such as ITC, Dabur, Marico, Britannia, Parle Products, Emami and Hindustan Unilever had been focused mainly on premiumisation with demand turning sluggish in villages as the rise in prices of daily essentials, vegetables and fuel had forced consumers to cut down on spending. In the last two years, more than 60% of launches by large FMCG companies have been in the premium segment. The companies are also investing in “consumer activation” efforts to increase engagement with rural buyers, the executives said. Apart from the expectations of an above-normal monsoon that could bolster farm incomes, companies are expecting policy measures in the July 23 budget to strengthen the revival of demand in rural India.

₹125 crore for Team India after the Men in Blue won the T20 World Cup after a wait of 17 years. However, the Indian Cricket Board has not clarified how this money will be distributed among the players and coaching staff.

Indian tourists and Non-Resident Indians (NRIs) visiting the UAE, providing them with a seamless and secure method to make transactions using UPI, as announced by NPCI International. Network International is a leading facilitator of digital commerce across the Middle East and Africa (MEA) region. The company operates a network of over 200,000 point-of-sale (POS) terminals, which serve more than 60,000 merchants in diverse sectors such as retail, hospitality, transport, and supermarkets. This wide-ranging network will now support UPI payments, offering Indian visitors a familiar and convenient payment method while abroad. The rollout of UPI acceptance will be progressive, eventually covering a broad spectrum of establishments. These will include retail stores, dining outlets, and various tourist and leisure attractions, notably popular destinations like Dubai Mall and Mall of the Emirates. This phased implementation aims to ensure a smooth transition and widespread availability of UPI payment options across the UAE.