India Financial News

Electric two-wheeler registrations in India are set for a record high in March, topping 100,000 units for the second time in less than a year, as the rush to buy before a possible price increases. Vehicle registration count is a proxy for retail sales. It touched 111,964 units for electric two-wheelers on March 29 — the highest for any month — according to data from Vahan, the government's repository of all vehicle registrations in India. The previous monthly high was 105,389 units in May 2023, when consumers had brought forward their purchase plans to avoid paying more due to a reduction in government subsidy from June.

unique visitors (UVs) to 460 million in January 2024, marking the first decline since 2020, with OTT penetration of the digital universe reaching 87.8%. In January 2023, the number of unique OTT visitors peaked at 466 million. The number of unique OTT visitors increased significantly from 395 million in January 2020 to 448 million in the following year due to increased adoption during the Covid-19 pandemic.

Discovery Communications India (DCI) reported a net profit of Rs 68 crore for 2022-23, up 1.49% from Rs 67 crore in the previous financial year. The company, which operates 18 TV channels and the Discovery+ streaming platform, reported a 9.59% revenue growth to Rs 1,055 crore, while expenses decreased 9.6% to Rs 975 crore. DCI's advertising and promotional expenses declined 25% to Rs 290 crore, while employee benefit expenses increased 29% to Rs 195 crore during the fiscal. Business intelligence platform Tofler sourced the company's financials through regulatory filings.

pilots are resenting the Directorate General of Civil Aviation's (DHCA) decision to defer the implementation of the new rules on pilot duty and rest period, pointing to fatigue-induced safety concerns. The Federation of Indian Pilots (FIP), which has more than 5,000 members, has told the aviation regulator this decision endangers and undermines the safety of pilots and passengers. «The latest revision by the DGCA has made the revised regulations a dead letter of the law as it has effectively granted operators discretionary powers in implementing the revised rules,» the FIP wrote in a letter to civil aviation minister Jyotiraditya Scindia. «Health and safety of the pilots cannot be prejudiced for the commercial benefit of the operators,» said the letter dated March 28 and reviewed by ET.

Indian Air Force (IAF) has for the first time disclosed reasons behind the accidental firing of a BrahMos combat missile which landed in Pakistan in March 2022. In a reply filed before the Delhi High Court, the IAF has said that combat connectors of the Brahmos missile «remained connected to the junction box» which led to the accidental firing of the missile. Sharing relevant findings of the Court of Inquiry held in March 2022 to probe the incident, the IAF has further submitted that the convoy commander of a road convoy, which was to move to location as part of inspection «failed to ensure safe transit of convoy by not ensuring disconnection of combat connectors of all missiles loaded» on the mobile autonomous launcher prior to the movement.

clean energy. GoI is reportedly planning to offer free PNG connections and consumption subsidies to poor households to help its wider adoption, following the Ujjwala scheme, which nudged the less well-off to use LPG instead of burning biomass. That's fine.

INDIA bloc on Friday announced the seat-sharing for Bihar at a joint press conference in Patna. As per the agreement, RJD will contest 26 Lok Sabha seats out of 40, the highest by any political party in the state in the upcoming general election. The Congress will contest nine seats, the CPI (ML) will contest three seats and the CPI and CPI (M) will contest one seat each. «We have arrived at a unanimous decision, demonstrating a cohesiveness that you may not find in the NDA,» RJD leader Manoj Jha told media persons.

solar modules will be reimposed from April 1, a measure aimed at fostering local capacity. It had earlier exempted solar projects commissioned by March 31, 2024, from the mandatory requirement of procuring solar modules from the approved list of models and manufacturers (ALMM) for 2023-24. The mandate, introduced in 2021, required solar project developers to buy modules from the approved list as a non-tariff barrier to boost domestic manufacturing.

RCB vs KKR IPL 2024: Amid a lot of buzz on social media on the rivalry between Virat Kohli and Gautam Gambhir, the two players were seen in a pleasant interaction on Friday as they shared a hug and engaged in a conversation. The netizens went crazy over the scene as they reposted the video and expressed their happiness over the ‘end’ of reported rivalries between two legends of Indian cricket. It all happened during the strategic timeout after the 16th over when the Kolkata Knight Riders (KKR) camp was on the field.

MUMBAI : Actor and entrepreneur Shilpa Shetty Kundra may have spent over three decades in the film industry but has made most of her money in the past six years through strategic investments, including in startups, she said at the Mint India Investment Summit & Awards, 2024 on Friday. “Back in the day, we didn’t have different investment avenues. Today, the options are so many more.

ALSO READ: RCB vs KKR IPL 2024 Live Score With this, he went past Hyderabad’s hard-hitting wicket-keeper Heinrich Klaasen, becoming the leading run-scorer in IPL 2024. In 2016, Kohli won the Orange Cap and this time too, he will be aiming to repeat the feat this season.

NEW DELHI : Zee Entertainment Enterprises Ltd said it is overhauling its technology and innovation centre, which includes a pruning of expenses by 50% and a restructuring of its team on the advice of a new management oversight panel. The measures are in line with managing director and chief executive Punit Goenka’s approach to optimise resources and arrive at a cost-effective structure to drive growth, the company said in a statement on Friday. Based on guidance from Zee’s board during the recently conducted monthly management mentorship program, Goenka has pruned the technology centre’s structure by about 50% and streamlined its scope of work, the company said.

savings instrument and form of insurance all rolled into one in this country, it is the yellow metal that Indians love: gold. Every household in India — from those at the bottom-most rung of the income ladder to the super-rich — has some amount of gold. However, the ways in which this item is being consumed by different household segments are changing. Universal penetration: Over 87% households are gold-owners, and 1 in 2 households has purchased gold during the last five years. Rural consumers are significant users of gold, with 63% ownership. Gold and gold-related products investors in 2020-21 were to be found among 7% of destitute families (those earning less than ₹1.25 lakh annually at 2021 prices), 16% of aspirers (annual income between ₹1.25-5 lakh), 23% of the middle class (yearly income of ₹5-30 lakh) and 33% of rich households (those earning more than ₹30 lakh annually).

Kolkata Knight Riders crushed Royal Challengers Bengaluru by seven wickets in their Indian Premier League match here on Friday. Asked to bat first, RCB posted 182/6 riding on Virat Kohli's 59-ball unbeaten 83. KKR started off on a rousing note as the opening duo of Philip Salt (30 off 20 balls) and Sunil Narine (47 off 22 balls) added 86 runs in just 6.3 overs. Later, Venkatesh Iyer (50 off 30 balls) and skipper Shreyas Iyer (39 off 24 balls) helped KKR complete the task with 19 balls remaining for the side's second win in three games.

48-hour petrol pump bandh is called by Northeast India Petroleum dealers association (Greater Guwahati). Petroleum association of Northeast India petroleum dealers’ association (Greater Guwahati) is calling for a 48-hour bandh in Assam's three districts of Kamrup Metro, Kamrup and Morigaon from Saturday. The leader of the association said that this bandh will continue from 5 am tomorrow till 5 am on March 3. Northeast India Petroleum Dealer Associations president Rajiv Goswami said that,

Arvind Kejriwal seems to have drawn inspiration from INDIA bloc ally Lalu Prasad who gave reins of power to his wife upon coming under the dragnet, senior BJP leader Ravi Shankar Prasad alleged on Friday. The former Union minister was talking to reporters, on his first visit to his home town after the party declared his candidature from Patna Sahib Lok Sabha seat for a second consecutive term. Prasad, who held the Law and Justice portfolio in the first seven years of Narendra Modi's Prime Ministership, was asked about the Aam Aadmi Party chief's refusal to give up his post, nearly a week after being arrested by the Enforcement Directorate in a case of money laundering. «These days Kejriwal's wife seems to have become quite active. She can be seen in the chair that her husband used to occupy as the chief minister of Delhi,» Prasad said.

In fact, thousands of people in India function with compromised eyesight, some due to callousness and others due to lack of access to proper eye care Just like any other organ in the body, our eyes require attention and care to function optimally throughout our lives. Let’s dive deep into eye care with a detailed conversation with Dr Umang Mathur, CEO of Dr Shroff’s Charity Eye Hospital. Why prioritise eye care? Vision loss can significantly impact our daily lives, hindering our ability to work, read, drive, and participate in activities we enjoy. Eye diseases, if left undetected or untreated, can even lead to permanent vision loss and blindness. However, the good news is that many eye conditions can be prevented, managed, or treated effectively with early detection and proper care. Regular eye assessments allow your doctor to identify potential problems early on when treatment is most effective. Some of the common eye diseases prevalent in our modern era:

iFOREST), a prominent environmental research think tank, released new research findings showing that Assam is blessed with significantly higher renewable energy (RE) generation potential than previously assessed by central government agencies. The reassessed RE potential is adequate to support a low-carbon pathway to meet the state's growing electricity demand. While an increased commitment to RE projects is already visible in the state, there are limitations to growth that need to be addressed through policy tightening and institutional capacity building. The research reports titled «Assam Renewable Energy Potential Reassessment: Focus on Solar, Wind, and Biomass,» «Enabling Renewable Energy Growth in Assam,» and «Impact of ISTS Waiver on Economics of Solar Power Procurement in Assam» were released in Guwahati during a multi-stakeholder dialogue organized by iFOREST.

Among the seven startups selected under Cisco and Social Alpha’s Krishi Mangal second edition, Pune-based Proximal Soilsens Technologies Pvt. Ltd. stands out due to the uniqueness of their product and its relevance for farmers. Launched in 2021, Krishi Mangal is a scale-up accelerator program that supports agritech startups to design solutions for and support smallholder farmers.

Muktar Ansari, who died after suffering cardiac arrest on Thursday, revealed everything «fearlessly» and «confidently» about his crime when he was arrested by a team of Delhi Police Crime Branch in connection with a highly sensational case in 1993. The case pertained to ransom for kidnapping a businessman from Lutyens Delhi. «He was around 30-years-old then, full of confidence and showing no fear of law. That was a highly sensational case in those days,» recalled Ashok Chand, a retired Delhi Police officer, who led the team and ensured the safe rescue of the businessman from Panchkula at the Punjab-Haryana border, 250 kilometers away from Delhi. Ansari and his two associates had demanded a ransom of Rs 1 crore from the family members of the west Delhi-based businessman Ved Prakash Goel. The calls were made from a local phone booth of Panchkula, where they had hid Goel in a rented accommodation.

bridge collapse that closed the Port of Baltimore has raised concerns about the disaster's potential impact on the global supply chain. Authorities have warned that extensive work is needed before the major port can reopen following Tuesday's catastrophic cargo ship collision, which has blocked the harbour's entrance.