India Financial News

IIT Guwahati, this vaccine for pigs harnesses a reverse genetic platform. Although the swine fever does not affect humans, it is a highly contagious disease among pigs, and poses a severe threat with a very high mortality rate. North-eastern Indian states along will Punjab, Haryana, Bihar, Gujarat, and Kerala are among the states with frequently observed instances of swine fever.

₹10 lakh for a 50-acre plot. It has spurred crop diversification via a rice-fallow management approach, wherein farmers cultivate short-duration pulses or nitrogen-fixing crops after their rice harvest. This approach has proven both eco-friendly and economically viable.

Baltimore has been suspended until further notice and we'll need to clear that channel before the ship traffic can resume," he told reporters at White House. "It's my intention that the federal government will pay for the entire cost of reconstructing that bridge...The people of Baltimore can count on us." The US President also said that the federal agencies are assisting with search and rescue efforts around the Francis Scott Key Bridge. "Officials at the scene estimate eight people were unaccounted for.

—Name withheld on request The legal fees that you are required to pay to the law firm situated in Dubai would be taxable in India under the provisions of the Income Tax Act, 1961 since such fees would qualify as “fees for technical services". However, the India-UAE DTAA (double taxation avoidance agreement) may provide benefit in your case if the services have been provided by the law firm directly from Dubai.

India is not for beginners. The more things change here, the more we seem to cling to old stuff.

Mumbai has displaced Beijing as Asia's city with the largest number of billionaires, according to Hurun Global Rich List 2024. This ticker-tape news comes as Indian stock markets powered ahead on a robust post-Covid recovery, while China is struggling to raise economic growth. The reordering is unlikely to be permanent, because India's market capitalisation-to-GDP ratio is in overvalued territory, while it is undervalued in China.

NTPC on Tuesday said it has inked a pact with a Japanese agency for sourcing foreign currency loans of USD 200 million (JPY 30 billion or around Rs 1,650 crore)… Japan Bank for International Cooperation (JBIC), a government policy-based financial institution, will provide 60 per cent of the facility amount and the balance amount will be provided by other commercial banks under JBIC guarantee, a statement said. The agreements have been signed for a JPY 15 billion loan each for NTPC Ltd and NTPC Renewables Energy Ltd (NREL), it added. The facility has been extended under JBIC's initiative entitled 'Global action for Reconciling Economic growth and Environment preservation' («GREEN») for projects which ensure the conservation of the global environment…

Alphabet Inc.’s Google is in advanced talks to buy a 22.5-acre land parcel in Navi Mumbai’s Juinagar for building its first-ever captive data centre in India, said people with direct knowledge of the development. California-headquartered Google is currently doing due diligence for the leasehold land parcel owned by the Maharashtra Industrial Development Corporation (MIDC). Lease rights of the plot that were originally allotted to Herdillia Chemicals are currently with Pune-based Gramercy Trade Industries. The potential deal is estimated at around Rs 850 crore given current property rates in the vicinity and MIDC’s transfer charges, said the people cited above.

Sanofi India and Sanofi Healthcare India Private Limited, and Cipla on Tuesday announced an exclusive distribution and marketing partnership for the sale and promotion of Sanofi India's Central Nervous System (CNS) product line in India on March 26, according to an exchange filing. As part of this collaboration, Cipla will handle the distribution of Sanofi India's six CNS brands, including the industry-leading Frisium brand of anti-epileptic drugs. According to the joint statement, Cipla will utilise its skills and solid India-wide network of distributors, institutions and market outreach programmes to expand access to these treatments for patients.

The fundraise aims to augment and build financial flexibility to grow the business and harness various emerging opportunities both within the existing and expanding broking business, and across the inorganic universe within the fintech space.

Competition Commission of India on Tuesday approved Adani Power’s acquisition of Lanco Amarkantak Power, according to an order by the antitrust regulator. Adani Power proposes to acquire a 100% stake and control of bankrupt Lanco Amarkantak following a corporate insolvency resolution process (CIRP), the CCI said. Last month, Adani Power reportedly won the bid for the debt-laden firm for Rs 4,101 crore. “The proposed transaction does not result in an appreciable adverse effect on competition in any plausible relevant market in India. Accordingly, the definition of the relevant market may be left open,” the CCI said.

legal dispute over who actually «invented» iconic Indian dishes butter chicken and dal makhani is heating up. Weeks after the Delhi High Court decided to adjudicate the dispute between two Delhi-based restaurant chains Moti Mahal and Daryaganj, some alleged defamatory remarks are now at the centre of a savoury battle. Daryaganj has moved the high court against certain alleged defamatory remarks made by the proprietors of Moti Mahal in a newspaper interview on the issue of the origin of «butter chicken». However, the owners of Moti Mahal have asserted that the remarks in question were an «editorial perspective» and cannot be attributed to them.

In order to check the credit score from a credit bureau such as CIBIL, one requires to enter PAN, or Permanent Account Number, which is linked to the bank accounts and primarily used as an identity document for income tax-related purposes. 

Before handing out a loan, banks invariably check the applicant’s credit score.

Daiwa Securities Group will acquire a minority stake in Ambit Finvest, an NBFC subsidiary of the Ambit Group. Ambit and Daiwa aim to seize the growth opportunities in the expanding Indian NBFC sector to contribute to the acceleration of financial inclusion.

Daimler India Commercial Vehicles (DICV) on Tuesday said that it has launched a pilot called Project Vruddhi which is using Artificial Intelligence (AI) for demand forecasting. Managing Director and CEO, Satyakam Arya underscored the disruptive and transformative role that AI is expected to play on operations going forward while addressing the media at the company's facility in Oragadam, which is on the outskirts of Chennai. «The commercial vehicle industry is a very complex business,» he explained. «We have BSIII to BSVI parts and different generations of vehicles that we have rolled out in 10 years. Forecasting demand for parts for those vehicles is absolutely essential. AI is helping to do that.»

Janalaxmi Cooperative Bank for non-compliance with regulations. The Reserve Bank found out that the bank had failed to constitute a board of management within the extended timeline granted by RBI, sanctioned credit facilities to its nominal members in excess of the prescribed limit, and, opened/renewed term deposits at interest rates higher than those offered by the State Bank of India for the same tenor. The bank was served with a show cause notice, after which the penalty was imposed in exercise of powers under the sections of the Banking Regulation Act, an official statement said. The central bank also imposed a penalty of Rs 28.30 lakh on Solapur Janata Sahakari Bank for appointing a member on its board of management who did not satisfy the 'fit and proper' criteria and failure to reconstitute the panel within the specified time and contravention of Supervisory Action Framework by the lender by sanctioning fresh loans carrying risk weights of more than 100 per cent in FY22.

Nirmala Sitharaman on Tuesday said the government led by Prime Minister Narendra Modi has consciously taken several women-centric policy decisions for their emancipation and empowerment. Reeling out some of the decisions, she said, permanent commissioning of women officers, entry of girls in Sainik School, raising maternity leave from 12 weeks to 26 weeks, and Poshan Abhiyan benefitting 10 crore women are some of them. To promote entrepreneurship among women, she said, the government is providing credit facilities under the PM Mudra Scheme without collateral and at a concessional rate. So far, she said, 70 per cent of loans sanctioned belong to women category and 30 crore beneficiaries are enrolled.

Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show

Supriya Shrinate on actress Kangana Ranaut's electoral debut has sparked a fresh controversy. The National Commission of Women has demanded action against the Congress leader. Although Supriya clarified that the post, which has since been removed from Instagram, was posted from a parody account, she has however issued an apology.

emat account indispensable for participation. A demat account not only facilitates trading but also serves as a repository for various securities. In addition to shares, it can hold debentures, sovereign gold bonds, ETFs, government bonds, mutual funds, tax-free bonds, certificates of deposit, and more.