India Financial News

India to geopolitical challenges, cultural adjustments, and the need for businesses to invest in domestic supply chains to counter China, said external affairs minister S Jaishankar, Reformer of the Year, covering a broad range of subjects during a conversation at the ET Awards. Edited excerpts:

India, which has been transformed from “an economy with promise” to being on the cusp of becoming the third largest one after the US and China, Satyan Gajwani, vice chairman, Times Internet, said in his welcome address at the ET Awards for Corporate Excellence 2023. “Today, we mark 25 years since the founding of the ET Awards,” he said. “Way back in 1998, when we launched this endeavour to celebrate the best of Indian business, the Sensex hovered around 4,000 points — it has grown 18 times and is about to touch 75,000.” Gajwani spoke about the remarkable growth of India’s stock markets, showcasing a news report from ET in 1998 quoting a survey result of 3,000 households that preferred selling their stocks rather than buying them.

India's exhibition industry. According to the latest Ficci-EY media and entertainment report, footfalls in theatres (single screens and multiplexes) have fallen by 9% to 900 million in 2023 from 994 million in 2022. But, gross box-office collections (before tax) of single screens and multiplexes expanded 15.3% and 13.7%, respectively. To be sure, the base effect plays a role in the quantum of increase.

It firmly believes that changing geopolitics, security concerns, and waning trust in China will dovetail to enable India to marry technology and manufacturing. A day before the announcement of the Lok Sabha election dates, finance minister Nirmala Sitharaman and external affairs minister S Jaishankar sent across the message, underlining the Narendra Modi government’s milestones, as they addressed some of the best minds of India Inc at The Economic Times Awards for Corporate Excellence in Mumbai on Friday.

Bulgarian Foreign Minister, Mariya Gabriel for thanking the Indian Navy for rescuing seven Bulgarian nationals in a successful anti-piracy operation in the Arabian Sea, External Affairs Minister S Jaishankar has said that it is exactly what friends are for. In a post on X, Jaishankar wrote, «That's what friends are for,» alongside Gabriel's post. Notably, Bulgarian Foreign Minister, Mariya Gabriel on Sunday expressed gratitude to the Indian Navy for successfully carrying out a rescue operation to take back control of a hijacked merchant vessel and its 17 crew members including seven Bulgarian nationals in the Arabian Sea.

₹509 crore to Tamil Nadu’s ruling Dravida Munnetra Kazhagam (DMK) through electoral bonds between October 2020 and April 2023, Election Commission data released on Sunday showed. This makes up 37% of the ₹1,368-crore worth of bonds that his company has bought since April 2019.

DC vs RCB WPL Final 2024: The fans of Delhi Capitals went through another heartbreak as Meg Lanning-led team faced its second consecutive final defeat in the Women's Premier League. Last year, it was Mumbai Indians and this year Smriti Mandhana-led Royal Challengers Bangalore defeated Delhi Capitals by 8 wickets to clinch the championship. The bowlers dominated in today's game as RCB's Shreyanka Patil delivered a breathtaking spell to decimate the strong DC batters.

Now and then, stray dogs tear a child apart. Old people too. This is rare.

₹21 a share. In such situations, buying the shares of ICICI Securities would have been justified, as the funds can lock in a risk-free rate of return by implementing "special situation strategies", said U.R. Bhat, co-founder of Alphaniti Fintech and a former director of JP Morgan India.

ALSO READ: Lok Sabha Polls 2024: Bharat Jodo Nyay Yatra isn't a patch on its first version | 5 Points "A senior leader from Maharashtra left Congress and cried in from of my mother and said 'Sonia ji, I am ashamed that I don't have the power to fight this Shakti. I do not want to go to jail.' Thousands of people have been threatened like this..." he added. 1) "We are not fighting against one particular political party or person.

Maharashtra Deputy Chief Minister Devendra Fadnavis said, «the country would not have been divided if the Congress did not exist.» He said that this book is a best-seller, which shows that people are also realising this (What if there was no Congress). «If Congress wouldn't have been there, the country wouldn't have been divided… The corruption, and terrorism kind of thing that we witness wouldn't have been the case. The 'Viksit Bharat' that PM Modi is building today would have been done earlier,» he said on Sunday.

Indian Navy warship INS Kolkata is set to bring 35 apprehended pirates to India. «The Indian Navy warship INS Kolkata has taken 35 sea pirates into custody and is being brought to India along with the 17 crew members rescued after the major operation,» officials said on Sunday. During the operation, the Indian Navy forced the pirates to surrender and rescued 17 crew members from the distressed merchant vessel MV Ruen on Saturday. The merchant vessel is also being brought to India.

Election Commission that someone delivered to its office an envelope with electoral bonds worth Rs 10 crore way back in 2019, which it encashed within days but has got no information on the donors. As the Election Commission on Sunday made public hundreds of sealed-cover disclosures submitted to it by various political parties, filings made by Bihar's ruling party showed that it got electoral bonds totalling more than Rs 24 crore. The party also disclosed the names of Bharti Airtel and Shree Cement as its donors for bonds with Rs 1 crore and Rs 2 crore, respectively. In another filing, the JD(U) disclosed donations totalling Rs 24.4 crore through these bonds, many of which were issued from SBI branches in Hyderabad and Kolkata, and a few were issued in Patna.

Bangladeshi smuggler was killed and another injured in BSF firing along the India-Bangladesh border with Tripura’s Unakoti district on Sunday. The BSF also apprehended three Myanmar nationals in Agartala railway station on Sunday after the foreign citizens came to Tripura from Hyderabad to go to Bangladesh in a clandestine route. BSF sources said that when the border guarding troopers were performing duty ahead of the fence near the Magroli Border Out Post, they observed 15 to 20 smugglers approaching Bangladesh from Indian territory while another 25 to 30 miscreants from the Bangladesh side carrying some contrabands.

National Testing Agency (NTA) will conduct the Common University Entrance Test for Undergraduates (CUET-UG) between May 15 and 31, University Grants Commission (UGC) chairman, Mamidala K Jagadesh, said on Sunday, adding that the datesheet for the examination will be announced after March 26. The UGC chairman addressed concerns about CUET-UG exam dates coinciding with Lok Sabha elections on May 20 and 25, saying the date sheet would be announced considering the number of students registered for CUET-UG and their geographical distribution. The NTA launched the CUET UG 2024 online application portal on February 27. Students who are appearing for the Class 12 board examinations can apply for the Common University Entrance Test 2024 for various undergraduate courses through the official online portal at exams.nta.ac.in/CUET-UG.

country has scripted a new chapter of development during ten years rule of the Narendra Modi government. Saini also said that people of Haryana, like in the 2019 Lok Sabha elections, will this time too give all the 10 seats to "Modi ji's kitty". Polling in Haryana's 10 Lok Sabha seats will be held in the sixth phase of the seven-phase elections on May 25. Assembly polls in the state are due later this year. «Country has progressed at a fast pace and has scripted a new chapter of development under Modi ji's leadership during past ten years,» Saini, who was accompanied by Haryana Assembly Speaker Gian Chand Gupta, told reporters in Panchkula after paying obeisance at the Mata Mansa Devi temple this evening.

Rahul Gandhi on Sunday said he was compelled to launch his Bharat Jodo yatras to highlight rising unemployment, inflation and hatred in society. Addressing the opposition INDIA bloc rally at Mumbai's Shivaji Park after the conclusion of his Bharat Jodo Nyay Yatra, Gandhi said Prime Minister Narendra Modi won't be able to win the Lok Sabha elections without "EVMs, ED, CBI and Income Tax". «Modi is a 'mask' who works for a 'shakti' (power). He is a shallow man who doesn't have a 56-inch chest,» Gandhi said. The former Congress president alleged that PM Modi had a «monopoly over corruption».

Maruti Suzuki to Hyundai and Tata Motors, are seeking to democratize the electric power train in personal mobility through the introduction of one electric car a month over the next two years, breaking consumer resistance over affordability through more mass-market choices than ever before. “The adoption of EVs in passenger vehicle segment in India has been rather slow. Currently it is only 2.2% despite the substantial GST rate advantage. There are mainly 3 reasons for this slow adoption: the high acquisition cost ( EVs are typically 1.35-1.7 times more expensive than corresponding gasoline cars ), range anxiety among potential buyers due to lack of charging infrastructure and the relatively less number of mass models in this segment. It is expected that as the battery prices come down and as more models are launched and range anxiety fades away, the adoption rate will increase”, Shashank Srivastava, senior executive officer (marketing and sales) at Maruti Suzuki said, adding, “Some research shows faster adoption once penetration gets to around 5%. After this inflexion point, it is expected that EV penetration in India will each around 20% by 2030.” The largest number of product interventions — 12 — will be in the heart of the market in the mid SUV segment that has popular models such as Hyundai Creta and Maruti Suzuki Grand Vitara. Another half a dozen SUVs are scheduled for launch across the sub-compact, compact and premium SUV categories.

Startup Mahakumbh will provide a boost in this regard, RK Singh, secretary, Department for Promotion of Industry and Internal Trade, said on the eve of the three-day event which begins on Monday. “India ranks at 40 in terms of innovation and our goal is to move up from this. Our aim is to make Startup Mahakumbh not just a big event but also an annual event, which can further propel the growth of the Indian startup ecosystem. The event aims to unite innovators nationwide and transform it into the largest global event of its kind,” Singh said at a press briefing in Delhi.

Bangalore. Booked this Uber. The estimated journey time was 1.5 hours.

Sajjan Jindal molested her. The police said that the hotel staff confirmed that Jindal did not go to the hotel on that day. The complainant filed a rape case at the BKC police station against Sajjan Jindal in December 2023 and claimed that she was molested in January 2022 in the penthouse atop the company’s head office.