India Financial News

Shares of Raymond Ltd.(up 6.08 per cent), Mahindra Lifespace Developers Ltd.(up 2.82 per cent), Prestige Estates Projects Ltd.(up 0.93 per cent), Sobha Ltd.(up 0.86 per cent) and Brigade Enterprises Ltd.(up 0.72 per cent) ended the day as top gainers in the pack.

Vijay Kedia thinks this will be an opportunity for a new transformation, which will pave the way for a new beginning. «A new beginning for India is unfolding. Not just economic but emotional — a renewed faith in our capacity to build, innovate, and lead,» Kedia said on social media platform X.

Mangalore Chemicals & Fertilizers Ltd.(up 9.43%), Paradeep Phosphates Ltd.(up 5.26%), Nagarjuna Fertilizers and Chemicals Ltd.(up 4.94%), Aries Agro Ltd.(up 4.75%), Agro Phos India Ltd.(up 3.57%), Madras Fertilizers Ltd.(up 3.15%), Zuari Agro Chemicals Ltd.(up 2.75%), Sikko Industries Ltd.(up 2.63%), Gujarat State Fertilizer & Chemicals Ltd.(up 2.13%) and Rashtriya Chemicals & Fertilizers Ltd.(up 1.88%) stood among the top gainers.

Subscribe to enjoy similar stories. NEW DELHI : A global shake-up in the toy trade is underway, and India may have just been dealt an unexpected advantage. Washington has slapped a 26% reciprocal tariff on Indian goods, citing what it claims is an average 52% tariff on US imports into India.

Subscribe to enjoy similar stories. US President Donald Trump announced sweeping reciprocal tariffs on its trading partners on 2 April, a move aimed at reducing the country’s dependency on foreign products amid its ballooning trade deficit. Trump announced a 26% tariff on imports from India, effective 9 April.

Subscribe to enjoy similar stories. New Delhi: The reciprocal tariffs imposed by US President Donald Trump will disrupt Indian exports in key sectors like engineering and electronic goods, potentially reshaping supply chains and cutting export revenue as businesses brace for the impact.

Subscribe to enjoy similar stories. NEW DELHI : Bangkok-headquartered Dusit International's founding family wants to make its second India innings India count with a flurry of new hotel signings. India is one of the most important markets for Thailand, the third-generation hotelier Siradej Donavanik, vice-president of development for global hotels, told Mint on Thursday.

The NDA exam is scheduled for April 13, 2025, offering vacancies across the Army, Navy, Air Force, and the Naval Academy, including positions for female candidates.Aspirants should be well-versed with the NDA exam pattern, which includes two papers: Mathematics (300 marks) and the General Ability Test (600 marks). The total written examination is 900 marks, followed by the Services Selection Board (SSB) interview, which also carries 900 marks.

European Council President Antonio Costa has called for a swift conclusion to trade agreements with key global partners, including India, in response to the recent tariff measures imposed by the United States. In a tweet posted on X on Thursday, Costa emphasised the urgency for Europe to deepen its trade ties beyond the U.S. to maintain global economic stability. «The trade tariffs imposed by the United States should urge Europe to reach free trade deals with other partners in the world,» Costa wrote. He expressed full support for the EU Commission in its trade negotiations with the U.S. and underscored the importance of trade in driving global prosperity. Costa's statement pointed to several crucial ongoing trade talks, noting, “Trade is a powerful engine of global prosperity. The EU will remain a staunch advocate for free and fair trade. We will engage with all our partners and continue to strengthen and expand our trade network. Now is the time to move forward with the agreements with #Mercosur, #Mexico and decisively advance in the negotiations with #India and other key partners."

Manishi Raychaudhuri, Veteran Investor, says India is somewhere in the middle of the pack. Headline tariffs show that some Southeast Asian countries have been slapped with much larger tariffs. So all this is playing out, and the market did not have a drastic fall post the tariff announcement. However, we should not lull ourselves into a sense of security, just going by what we are seeing today. Tariffs at the rate of 34% have been slapped on China, add 20% of historical tariff and that makes it 54%. It is 26% in India, 40% in Vietnam and when such tariffs are slapped, financial markets get into a panic mode. But that is not happening. It is a good morning for Asia this morning. Markets have recovered from the day's low. Are markets getting complacent or it is time to move on? Manishi Raychaudhuri: To some extent, there is the possibility of demand retrenchment across the world, but particularly in the United States, that situation has not yet been factored in. The initial reaction of the market despite this is what I call a nuclear trade, almost a ‘nuclear battle’ in a sense in the trade regime.

«Tariffs unveiled by President Trump last night would bring a major realignment in global trade and manufacturing value chains. India has been placed somewhere in the middle of the tariff rates at 27 per cent in addition to 10 per cent baseline duties, which needs to be assessed for real impact», said ASSOCHAM President Sanjay Nayar. ''Net-net, it appears India's export competitiveness to the US market stands far less impacted on a relative basis. Yet our industry should make concerted efforts to increase export efficiency and value addition, to mitigate impact of these tarriffs,'' he said. India's robust industrial competitiveness will balance the impact of US tariffs, and GDP will see only a 0.1 per cent impact in the short term, said PHDCCI President Hemant Jain. However, in the medium term, as the policy takes full effect, this shortfall will be negated, he added.

Sweet Karam Coffee (SKC) announced on Thursday that it has raised $8 million in Series A funding from Peak XV Partners and existing investor Fireside Ventures. Founded in 2015 by husband-wife duo Anand Bharadwaj and Nalini Parthiban, the Chennai-based Sweet Karam Coffee offers South Indian sweets, snacks, filter coffee, and everyday essentials. It claims these snacks are free of palm oil and preservatives. The company will use the fresh capital to fuel expansion through omnichannel distribution, accelerate new product development, and bolster its technology-driven supply chain capabilities.

In the July 2024 Union budget, a new category was added to an already humongous list of payments that attract tax deduction at source, or TDS: the payment of salary, remuneration, bonus, commission, and interest by a partnership firm to its partners.

Subscribe to enjoy similar stories. Hindalco Industries Ltd’s investor day made one thing clear—the metals giant is going all in on scale and efficiency. With a $10 billion capex plan split between India and subsidiary Novelis Inc.

Subscribe to enjoy similar stories. Kissht, an online lending platform, is preparing to tap the capital markets with an initial public offering and has hired investment bankers for the process, two people aware of the development told Mint. The company hired ICICI Securities, UBS Securities India Private Limited and Motilal Oswal Investment Banking and is finalising a fourth banker, one person said.

Subscribe to enjoy similar stories. The Indian capital market’s regulatory regime has seen fast-paced reforms in areas of operational-risk management such as contract settlement cycles, public offer processes, and so on. In several areas, the market has moved appreciably ahead of the expected curve of evolution, even if compared to capital markets in developed economies.

Subscribe to enjoy similar stories. At 11:49 a.m. on July 18, North Korean hackers pounced on a major cryptocurrency exchange handling hundreds of millions of dollars.

Indian exports unviable, while UBS labeled it a “negative event” for the market, citing a direct threat to GDP. While the across-the-board duties threaten to make some exports unviable, the exemption for pharmaceuticals—India’s largest export category to the US—provided a rare bright spot, triggering a rally in Indian drugmaker stocks on Thursday.

Sai Kishore bowled just three balls to Krunal Pandya but that small passage spread across 13th and 15th over of Royal Challengers Bengaluru's innings revealed the big strides the Gujarat Titans spinner has taken as a T20 bowler. In the second ball of the 15th over, Sai Kishore bowled a back-of-the-length delivery that elicited a tame return catch from a clueless Krunal. It required a second viewing to realise that Sai Kishore had delivered a carrom ball — an unusual entity in a left-arm spinner's world. But not really for Sai Kishore as he always chases something novel to stay ahead of the curve. His bowling is an extension of his life where he is a seeker — of his spiritual inner self, new places and people and fresh experiences. True to that trait, the 28-year-old has been practicing the carrom ball over the last few seasons but it was the first time he unleashed it in a real match.

PHD Chamber of Commerce and Industry (PHDCCI). The industry body attributed this limited impact to India’s growing domestic manufacturing strength and the government's strategic policies, particularly those under the "Aatmanirbhar Bharat" initiative. Hemant Jain, President of PHDCCI, highlighted that India's robust industrial competitiveness and supportive government policies, including the Production-Linked Incentive (PLI) schemes, Make in India, and Aatmanirbhar Bharat, will buffer the economy from the negative effects of the U.S. tariffs. Jain emphasised that while there would be a slight impact in the immediate term, the medium-term effects would likely be neutralized as the full impact of these policies is felt.