India Financial News

Subscribe to enjoy similar stories. Mumbai: Weikfield Foods, known for its custard, jelly mixes and baking powder, will produce more ready-to-eat products for the convenience-seeking younger generation of customers, look for acquisitions to boost growth, and come out with an IPO to fund its expansion plans, CEO and managing director Ashwini Malhotra told Mint in an interview. The company’s ready-to-eat custard, launched a few years ago, is gathering momentum and is one of its first game-changing products, he said.

Kiren Rijiju on Wednesday tabled the controversial Waqf (Amendment) Bill for discussion and passage in the Lok Sabha amid strong backlash and protests from the Opposition, who believe that the proposed law is unconstitutional. The bill was tabled after today's Question Hour for consideration and passing. Following the tabling, an 8-hour discussion will be held, which is also subject to an increase. Read more: Waqf (Amendment) Bill, 2024 to be taken for passage in Lok Sabha on Wednesday; here's all you should know «Today is a historic day...this bill is being introduced in the interest of the country. Not only crores of Muslims but the whole country will support it. Those who are opposing it are doing so for political reasons. I will present the facts in the House. And I also want that if someone opposes, they should oppose on the basis of logic and we will also answer them,» Union Minister Kiren Rijiju had said earlier.

Zerodha co-founder Nithin Kamath highlighted the issue in a recent post on social media platform X, warning that these scams exploit fear to deceive people.

JPMorgan has downgraded HCL Technologies to «neutral» from «overweight», citing weak fourth-quarter performance, sluggish deal wins, and macroeconomic uncertainties. The brokerage has also slashed target prices for four major Indian IT stocks, reflecting a cautious stance on the sector’s near-term growth prospects. Meanwhile, the brokerage upgraded Tech Mahindra to «neutral» from «underweight», viewing it as a «self-help margin story,” though it left the company’s target price unchanged at Rs 1,500.

Karnataka police apprehended a six-member gang responsible for the daring robbery at the Nyamati branch of the State Bank of India (SBI) in Davangere, from which 17.7 kg of gold was stolen. The heist, which took place on October 28, 2024, had left authorities puzzled for months. However, a series of coordinated operations and cross-state investigations led to the breakthrough. The stolen gold was recovered from a well in Usalampatti town in Tamil Nadu's Madurai district, a crucial find that brought the investigation one step closer to unmasking the perpetrators. According to the police, the suspects have been identified as Vijaykumar (30), his brother Ajaykumar (28), Abhisheka (23), Chandru (23), Manjunath (32), and Paramananda (30). The group comprised both locals from Nyamati and individuals with ties to Tamil Nadu. «Vijaykumar and Ajaykumar are brothers, while Paramananda is their brother-in-law. All three are originally from Tamil Nadu but have lived in Nyamati, where they ran a sweets business for many years,» the police revealed. The other three accused—Abhisheka, Chandru, and Manjunath—hail from Nyamati, a small town in Karnataka.

Energy Development Company Ltd.(up 4.53%), Adani Green Energy Ltd.(up 1.70%), Gujarat Industries Power Company Ltd.(up 1.39%), SJVN Ltd.(up 1.33%), Karma Energy Ltd.(up 1.20%), GE Vernova T&D India Ltd.(up 1.16%), KPI Green Energy Ltd.(up 1.11%), Reliance Power Ltd.(up 1.08%), Adani Power Ltd.(up 1.06%) and Ravindra Energy Ltd.(up 0.97%) were among the top gainers.

ET Edge SCM Fest 2025

Mayuresh Joshi, Head Equity, Marketsmith India, says Trump’s announcements are on everybody's mind, but if this lingers on with the absolute stance that president Trump has reiterated and that continues in a rhetorical fashion for the next few weeks without any negotiations on the table across a lot of different economies, we are going to see a lot more volatility in the equity markets. Joshi says Trump will bring a lot of countries on the negotiating table over the next few weeks and a few sectors like pharmaceuticals might not get the brunt as the markets are fearing. So, pharma, which has got beaten down as far as US exports are concerned, might have a respite in terms of Indian exports and should show a smart bounce. What is the overriding thought in the Indian markets right now about Liberation Day and what could really be brought in the worst fears that market men are contending with right now? Mayuresh Joshi: Two things, there is huge uncertainty of what will come through and therefore how the rhetoric in terms of the Trump tariff plan gets implemented, which sectors are probably going to get affected, and how are countries going to get taxed is going to be the foremost important facet that the markets will probably look at.

INDIA LEADERSHIP COUNCIL

FD options, all promising a seamless, fully digital experience. This shift is not just a convenience — it's a sign of an emerging revolution in embedded finance, and with market conditions shifting in favor of safer, more predictable investments, it’s finally fixed-income’s moment to shine. The Indian fixed-income market, traditionally dominated by Bank FDs, is expanding as non-bank financial companies (NBFCs) and Small Finance Banks bring their offerings to the fingertips of Indian consumers. The growing ubiquity of embedded finance—the integration of financial services into non-financial platforms—is playing a key role. Over the past 18 months, offerings from NBFCs like Bajaj Finance and Shriram Finance, along with a host of Small Finance Banks (SFB) such as Unity, Suryoday, and Utkarsh, have found their way to customers through apps that were once thought of as purely for consumer goods, like Tata Neu, BharatPe, Super.Money and Airtel Money.

The troops of the Nangi Tekri Battalion, under the aegis of the Krishna Ghati Brigade of the Indian Army, retaliated strongly. Further details are awaited. Earlier, the security forces intensified search and cordon operations following the exchange of fire with terrorists in the Panjtirthi area of Kathua.

Bharat Electronics Ltd. (BEL) declined 6% to Rs 274.5 in Wednesday's intraday trade on BSE after the company reported lower-than-expected order inflows for the financial year 2025. Despite the shortfall, BEL’s revenue growth for the year surpassed its own projections.

Tata Consumer Products Ltd.(up 7.24%), JHS Svendgaard Laboratories Ltd.(up 4.95%), Emami Ltd.(up 3.99%), Vadilal Industries Ltd.(up 2.90%), Gillette India Ltd.(up 1.90%), Euro India Fresh Foods Ltd.(up 1.72%), Varun Beverages Ltd.(up 1.32%), Gopal Snacks Ltd.(up 1.28%), Honasa Consumer Ltd.(up 1.04%) and Marico Ltd.(up 1.04%) were among the top gainers.

Donald Trump's "Liberation Day" is here, a day where he seeks to alter the global trade structures by imposing reciprocal tariffs on countries that, according to him, treated the US unfairly. This will have widespread implications for the world including India. Even though experts predict the impact will be minimal and transient, the domestic stock market doesn't seem to think so. Benchmark Sensex plummeted 1400 points on Tuesday, highlighting the deep fears pervading among investors. In this context, here is a study on how investors should approach the next two days of trading.

Lexus Granito(India)Ltd.(up 2.35%), Sandur Manganese & Iron Ores Ltd.(up 2.19%), Pokarna Ltd.(up 1.55%), The Orissa Minerals Development Company Ltd.(up 1.14%), 20 Microns Ltd.(up 0.94%) and Ashapura Minechem Ltd.(up 0.06%) were among the top gainers.

On the BSE, Ramgopal Poly(down 12.11 per cent), Hittco Tools(down 11.11 per cent), Adeshwar Meditex(down 10.71 per cent), Olympic Oil(down 9.97 per cent) and Kay Power & Paper(down 9.96 per cent) were among the stocks that plunged over 5 per cent during the session.

Magadh Sugar & Energy Ltd.(up 4.47%), Simbhaoli Sugars Ltd.(up 4.10%), Uttam Sugar Mills Ltd.(up 2.22%), Balrampur Chini Mills Ltd.(up 1.12%), Dalmia Bharat Sugar and Industries Ltd.(up 1.10%), Rajshree Sugars & Chemicals Ltd.(up 0.89%), Ponni Sugars(Erode)Ltd.(up 0.72%), Avadh Sugar & Energy Ltd.(up 0.54%), KM Sugar Mills Ltd.(up 0.33%) and Rana Sugars Ltd.(up 0.31%) were among the top gainers.

Bewakoof, founder and CEO Prabhkiran Singh shared his journey from a modest office in a Mumbai slum to building a brand popular among urban youth. Singh posted on LinkedIn about the challenges he faced, including working in a small space without air conditioning under a tin shed, and the resilience that helped the company grow.

Bharat. Mark Duey, CEO, Water For People, and Bishwadeep Ghose, Country Director, India, talk to ET Digital, explaining the role of SHGs in promoting water sustainability and a healthier water future in India. Water For People is a US-based NGO that has been working in India for the past 15 years to ensure access to safe water. Economic Times (ET): Tell us about your Jalbandhu initiative. How is it driving employment in rural communities?

Renuka Chowdhury on Wednesday moved suspension of Business Notice in Rajya Sabha to discuss the impact of US Tariffs on India which are slated to come in effect from today. Expressing concern over the tariff, Renuka Chowdhury moved the notice to discuss India's policy to counter the impact on economy.

Shares of FMCG major Nestle India fell 4% to their day’s low of Rs 2,148 on the NSE in Wednesday's early trade after global brokerage firm BofA Securities downgraded the stock’s rating to an ‘underperform’ and also lowered its target price to Rs 2,140 from an earlier Rs 2,315.