India Financial News

04.12 / 07:21

COST Provident FIVE security Bill President information Rupee depreciation set to benefit country’s $283 billion IT sector

Subscribe to enjoy similar stories. The rupee’s fall to a historic low against the US dollar on Wednesday has left one segment of companies cheering – India’s $283 billion information technology (IT) sector. The rupee plunged to 90.29 against the dollar before closing at 90.19, marking a fall of 5.4% since the start of the fiscal year.

04.12 / 03:37

markets UPS Manufacturing Sustainability wellness country testing NRB shifts gears with strategic leap into industrial bearings via Italian partner Unitec

Subscribe to enjoy similar stories. MUMBAI : NRB Bearings Ltd, India’s largest maker of needle roller bearings, signalled one of the most defining shifts in its nearly six-decade history with the announcement of a strategic joint venture with Italy-based Unitec Group on 1 December. The partnership marks the company’s formal entry into industrial cylindrical roller bearings—an expansion long envisioned by chairperson and managing director Harshbeena Zaveri, but delayed due to factors rooted in her family’s business legacy.

04.12 / 03:37

Provident Digital Mobile electronic information guidelines Mint Explainer | New RBI digital banking rules kick in 2026—here’s what it means

Subscribe to enjoy similar stories. MUMBAI: The Reserve Bank of India (RBI) has issued guidelines for how banks can offer services through digital channels, following industry feedback on the draft guidelines issued in July. Coming into force on 1 January 2026, these rules tighten approvals for banks, raise compliance and customer-protection requirements, and strengthen disclosure and grievance-redressal standards.

04.12 / 03:37

markets Digital CEO Platform Fitch beautiful International From Lush to Lululemon: Why global retailers are scrambling for Indian shoppers

Subscribe to enjoy similar stories. NEW DELHI : Global fashion and personal-care brands are scrambling to enter India, attracted by rising affluence and evolving consumer aspirations in the world’s fastest-growing major economy, even as demand cools in other key markets. Large international clothing labels such as COS, Bershka, Next, and G-Star Raw, and cosmetics brand Lush have entered the Indian market over the past year.

04.12 / 03:37

markets FIVE BLOCK classical guidelines Investigations Company Outsider: Is LIC an insurer of India's millions or a tool for strategic interventions?

Subscribe to enjoy similar stories. Company Outsider is a weekly newsletter by Sundeep Khanna. Subscribe to Mint's newsletters to get them directly in your email inbox. "The attempt and not the deed confounds us," says Lady Macbeth in Shakespeare's classic play Macbeth.

04.12 / 03:37

markets COST BLOCK security Cycling Whirlpool performer Whirlpool’s promoters are walking away; should investors follow?

Subscribe to enjoy similar stories. Whirlpool shareholders have been in a whirlwind in recent months. Last week, Whirlpool Corp., the promoter of Whirlpool of India, sold 11.2% stake in the Indian entity.

04.12 / 03:37

markets COST UPS Platform wellness Trade show Paytm’s big reset: How stake consolidation and AI are boosting growth

Subscribe to enjoy similar stories. Paytm is reshaping its business through stake consolidation, a cleaner group structure, and an artificial intelligence (AI)-led push across payments and financial services. Early results show improving margins, stronger growth, and a clearer path to profitability.

04.12 / 03:05

markets UPS Platform Analysis show reports Updates RBI Ombudsman grievance data shows high retail discontent: Remedial measures, please

Soon after assuming office at the Reserve Bank of India (RBI) almost a year ago, Governor Sanjay Malhotra had flagged the central bank’s growing concern over the banking sector’s disregard for customer service, especially the scant resources that banks earmark for timely redressal of grievances.The 2024-25 annual report of the Integrated Ombudsman Scheme (IOS), a framework designed for complaint handling, offers details and analysis of the sector’s receipt and resolution of complaints. It shows the scale of the problem that needs to be tackled.

04.12 / 03:05

Analysis Research Trade President War country Putin’s India visit comes amid US tariffs and oil sanctions—what’s at stake for New Delhi

Subscribe to enjoy similar stories. Russian President Vladimir Putin begins a two-day visit to India on 4 December for the annual India-Russia Summit—his first trip to New Delhi since the start of the Ukraine war. The visit comes at a particularly sensitive moment for India’s foreign policy and energy security.

04.12 / 01:51

COST Digital Sustainability Diversity inclusion recommendations Editorial What will drive Bajaj Finance's growth in the next three years?

Subscribe to enjoy similar stories. Financial services stocks in India could benefit from strong tailwinds in 2026, driven by rising incomes, digital penetration, and structural reforms. Healthy credit growth, improving asset quality, margin expansion from lower interest rates, and stable deposits, position banks and NBFCs for earnings upgrades. One company that has managed to ride the tailwinds and grow dramatically over the years is Bajaj Finance.

04.12 / 01:51

UPS War innovations 2020 reports Relationships India’s defence-tech startups are thriving

Subscribe to enjoy similar stories. ANIRUDH SHARMA was a computer-science undergraduate with no training in aerospace when he co-founded Digantara, which gathers intelligence on satellite movements, in 2020. Today it employs 150 people in India, Singapore and America and is valued at more than $65m.

04.12 / 01:51

markets UPS Fallout Bill Updates Mint Quick Edit | As the rupee sinks past 90, look at the bright side of a subtle shift in policy

For the rupee, finding a floor seems to be getting difficult. On Wednesday, it slid past the psychologically-important 90 mark against the dollar to touch an all-time low of 90.29, before recovering slightly to end at 90.19. For the year, it is down about 5%.

04.12 / 00:31

President Experts Universities track social reports PB Balaji's reign at JLR begins with twin crises

Subscribe to enjoy similar stories. NEW DELHI : The tenure of Jaguar Land Rover’s (JLR) new chief executive P.B. Balaji, has begun with twin crises of dealing with the exit of chief creative officer Gerry McGovern and the loss of business due to the halt in production in September and October owing to the cyberattack.

04.12 / 00:13

markets UPS Citi Provident Aware Metro The wealthy in small-town Indian are embracing sophisticated, riskier portfolios

Subscribe to enjoy similar stories. MUMBAI : Sophisticated, high-risk investments are no longer confined to the rich in metropolitan cities.

03.12 / 14:15

markets Provident Target wellness Healthcare track country Healthify targets US market for growth and major source of revenue

Subscribe to enjoy similar stories. Indian digital health and wellness startup Healthify is making the US its core focus as it looks to make the country its main source of revenue, according to a top executive at the company. “From a business traction standpoint, we're doing about $2 million in annual recurring revenue, it's still small," Tushar Vashisht, co-founder and chief executive of Healthify, told Mint. “We'll be at double-digit millions by next year, and by 2027, I think our US business is going to be the main revenue generator." Nutrition and diet tracking have become a growing focus for healthcare-conscious consumers worldwide, as millions seek to enhance their health.

03.12 / 12:25

Aviat Manufacturing Airlines Software Department Investigations Mint Explainer | How Air India blundered by missing a routine airworthiness review for an aircraft

Subscribe to enjoy similar stories. India's aviation regulator is investigating how Air India operated an aircraft for two days in November without a valid Airworthiness Review Certificate (ARC), a document that ensures compliance with safety standards. The regulator did not name the aircraft type but referenced the registration code of an Airbus A320 (VT TQN), implying that it was a single-aisle (narrow body) jet.

03.12 / 12:25

markets UPS IPO Target Manufacturing Research Trade A solar glut is building in India. Can the industry withstand China-style pain?

Subscribe to enjoy similar stories. From the industrial belts of Gujarat to the outskirts of Bengaluru, factories are churning out solar panels by the millions, their glassy surfaces stacked and shipped across the country. Utility developers, homeowners and farmers are lapping them up, feeding the surge in India’s clean energy push.

03.12 / 10:53

markets COST UPS Bill Universities Updates Power sector proposals brighten India’s energy outlook but lasting gains need a stronger jolt of reforms

The power sector has emerged as a key lynchpin of the economic engine that the government is revving up to help drive India’s growth in times of geopolitical tumult. The distribution business continues to be a bugbear of the power sector, with snags that curtail the ability of consumers to benefit from modern technology, be it the low cost of solar electricity or smart meters that enable consumers to schedule some part of their consumption (like the use of washing machines) to reduce bills.

03.12 / 10:53

markets Manufacturing Platform Mobile trends country innovations India could be a different kind of AI superpower

Subscribe to enjoy similar stories. Artificial intelligence (AI) is taking off in India. The country is now the second-largest market for OpenAI, whose ChatGPT service has 700m active users worldwide.

03.12 / 10:53

markets Provident Manufacturing Highways reports ventilators International India may allow e-ambulance manufacturers to import traction motors fitted with rare earth magnets till March

Subscribe to enjoy similar stories. NEW DELHI: The heavy industries ministry has proposed new localization rules for e-ambulances under the ₹10,900 crore PM E-drive scheme, allowing manufacturers to import traction motors fitted with rare earth magnets till 3 March 2026, the ministry said in response to Mint’s email query.

03.12 / 10:53

markets UPS Trade Experts performer Rupee at 90: How and why it became worst-performing major currency

Subscribe to enjoy similar stories. The rupee breached 90 to the US dollar on Wednesday, marking a new low for India’s currency, which has steadily weakened over the year and is now the worst performer among major emerging- and advanced-market currencies. The rupee's slide (it has fallen more than 5.5% this year as of 2 December) has been driven largely by a trade impasse with the US and continuing foreign portfolio investor (FPI) outflows from Indian markets.

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