India Financial News

Shivalik, the only small finance bank to have transformed from an urban cooperative bank, is looking to acquire a non-banking finance company (NBFC) with focus on secured business. three people familiar with the development said. Secured advances include collateralized assets, like a home-loan financed house that can be used as a security when instalments go unpaid.

Justice PS Narasimha on Sunday said that in international jurisprudence, India was the first country to shift from an anthropocentric approach to an eco-centric one. An anthropocentric approach is based on the belief that human beings are the most important entity on earth, and other beings and things are valued primarily for their utility to humans. The eco-centric approach, however, prioritises the well-being of the entire ecosystem and its components, viewing nature as valuable for its own sake, not just for human use. The Supreme Court judge was speaking at the valedictory session of the two-day National Conference on Environment-2025 organised by the National Green Tribunal (NGT) at Vigyan Bhawan. Vice-President Jagdeep Dhankhar was the chief guest at the event. Highlighting the importance of such conferences, Justice Narasimha said they brought together a large number of stakeholders who found a common vision to restore the environment.

International Day of Yoga and said the day had taken «the shape of a grand festival». The United Nations proclaimed June 21 as the International Day of Yoga with an aim to raise awareness worldwide of the many benefits of practising yoga. It was first celebrated in 2015. Sharing India's vision for a healthier world population in his monthly «Mann ki Baat» radio broadcast, Modi said, «The theme of yoga day, 2025, has been kept as 'Yoga for One Earth, One Health'. That is, we wish to make the whole world healthy through yoga.» The prime minister noted that, alongside fitness, keeping a count was also becoming a habit, citing examples of people keeping tabs on the number of steps taken, calories consumed and burnt in a day. «Amid all these counts, another countdown is about to begin. The countdown to the International Day of Yoga. Now, less than 100 days are left for yoga day. If you have not yet included yoga in your life, do it now. It is not too late yet,» he said. Noting the first International Day of Yoga was celebrated 10 years ago, Modi said, «Now this day has taken the shape of a grand festival of yoga. This is such a priceless gift from India to humanity, which is going to be very useful for future generations.»

Eid-ul-Fitr, which marks the culmination of the fasting month of Ramzan, will be celebrated in the country on Monday as the moon was sighted this evening. Fatehpuri Masjid Imam Mufti Mukarram Ahmad told PTI that the Ruet-e-Hilal Committee of the mosque contacted many places and was informed that the moon was sighted at several places.

Vodafone Idea (Vi), the government has decided to convert the operator’s outstanding spectrum auction dues, including deferred dues repayable after expiry of the moratorium period, into equity shares worth Rs 36,950 crore. The move — as sought by the beleaguered telco — will take the government’s stake in Vi to around 48.99% from 22.6% now. Vi’s promoters — UK’s Vodafone Plc and India’s Aditya Birla Group (ABG) — though, will continue to have operational control of the company. “…the ministry of communications, in line with the September 2021 Reforms and Support Package for the Telecom Sector, has decided to convert the outstanding spectrum auction dues, including deferred dues repayable after expiry of the moratorium period, into equity shares to be issued to the Government of India under Section 62(4) of the Companies Act, 2013,” Vi said in an exchange filing Sunday evening.

Vodafone Idea on Sunday announced that the government stake in the company will increase to 48.99 per cent with fresh acquisition of shares worth Rs 36,950 crore. The development is in line with the September 2021 Reforms and Support Package for Telecom Sector. The telecom operator's outstanding spectrum auction dues, including deferred dues repayable after expiry of the moratorium period, will be converted into equity shares to be issued to the Government of India under Section 62(4) of the Companies Act, 2013, the company said in an exchange release. The acquisition was communicated to the company through an order on March 29 and was received by the company today.

Before visiting India, Welder admitted he had certain preconceived notions about the country’s public transport. “Before coming to India, the stereotypes about public transport in the country were demolished or old buses and trains and noisy tuk-tuks and rickshaws,” he wrote, caling Indian public transport better than Western Europe's. However, after using the metro, he was impressed by its world-class features and even compared it to some of the best systems globally.

Subscribe to enjoy similar stories. Regulations need to have a balanced approach, the chief of India’s market regulator said during a keynote session at the Mint India Investment Summit 2025 held recently. Tuhin Kanta Pandey, chairman of the Securities and Exchange Board of India (Sebi), also said that high entry barriers could be the cause of the low number of registered investment advisors (RIAs) in India, adding that the RIA business should evolve to a paid one.

Subscribe to enjoy similar stories. A few years ago, someone got in touch with me asking if I would agree to be part of an interview series where authors are interviewed in front of a live audience by a person who has never read a book. I immediately agreed because I knew that this interviewer had to be interesting just for admitting that he doesn’t read books.

Shriram Finance Ltd, the flagship company of diversified conglomerate Shriram Group, is set to cross Rs 3 lakh crore in assets during the next financial year starting April 1 with loan growth of 15 per cent. «We expect 15 per cent credit growth for FY26 if the GDP grows at 6.5 per cent. Usually, loan growth is more than 2 times of the GDP. Higher the GDP growth, higher is the demand for loan,» Shriram Finance executive vice chairman Umesh G Revankar told PTI. Asked about the asset book target, he said, it should cross Rs 3 lakh crore in FY26 and this financial year would close over Rs 2.5 lakh crore. Shriram Finance would end the current financial year with 18 per cent credit growth although the guidance was 15 per cent, he said, adding, the company has exceeded its target.

Burjis Godrej, son of Nadir Godrej, chairman of Godrej Industries Group (GIG), has taken charge as the managing director of Astec LifeSciences, marking his first major leadership and accountability role within the organization. Burjis assumes his new role this month at the listed entity without any remuneration, taking over from Anurag Roy, who resigned as CEO of Astec in October 2024. At 34, Burjis is the elder son of Nadir Godrej, while his younger brother, Hormazd, has also recently joined Godrej Agrovet. Nadir Godrej is the younger brother of GIG chairman emeritus, Adi Godrej. «Getting the opportunity to make an impact in a sector that is a key focus area of the group and is important for growing India’s R&D and manufacturing footprint was more important to me personally than the remuneration. I look forward to working closely with the Astec team to drive growth in this business,» Burjis Godrej told ET. He also served as a non-executive director at Astec LifeSciences Since 2022, Burjis Godrej has held the position of Executive Director at GAVL. He was previously a Non-Executive Director at Astec LifeSciences and Godrej Maxximilk. Burjis has specialized in agrochemical projects for Astec LifeSciences and the crop protection division of Godrej Agrovet. His responsibilities included evaluation of products, synergies, technologies, business models, geographical markets, and capital expenditure

Dhoni's unbeaten 30 off 16 balls only has value for nostalgia merchants as the former India captain is doing disservice to his team by coming in to bat when all is seemingly lost. In this backdrop, playing RR on a surface which is «more Chepauk-ish than typical Barsapara Stadium track full of runs» might just help CSK get a win against a side that also doesn't boast of a great bowling attack. Also Riyan Parag is too raw as a skipper and to put it mildly seems completely out of place for a high stakes assignment like leading a billion dollar franchise. But all these years, CSK had the personnel to play that game, especially in the bowling department, which doesn't look top notch this year.

Having lost their first two matches—against Sunrisers Hyderabad and Kolkata Knight Riders—RR will be eager to turn things around at their secondary home ground. Their batting has failed to fire so far, and a strong performance will be needed to avoid a third consecutive defeat. Meanwhile, Chennai Super Kings started their campaign with a win against Mumbai Indians but suffered a crushing loss to Royal Challengers Bengaluru at Chepauk. That defeat, only their second-ever against RCB at home, has raised concerns about their bowling attack. However, the slower pitch in Guwahati might work in their favor, particularly for their spinners, as they look to bounce back strongly.

Zeeshan Ansari made his much-awaited IPL debut for Sunrisers Hyderabad (SRH) against Delhi Capitals at the Dr. Y.S. Rajasekhara Reddy ACA-VDCA Cricket Stadium in Visakhapatnam on Sunday. The 25-year-old was included in the playing XI by SRH captain Pat Cummins, replacing pacer Simarjeet Singh. Cummins won the toss at Dr. Y.S. Rajasekhara Reddy ACA-VDCA Cricket Stadium and opted to bat first against Axar Patel & Co.

State Bank of India forging strategic partnership for sustainable growth of rural. The ceremony was attended by key officials, including Loken Das, CGM, NABARD Assam Regional Office, S Radhakrishnan, CGM, SBI Guwahati Circle. Loken Das emphasized NABARD’s role in promoting agriculture and rural development, focusing on financing public infrastructure, rural livelihoods, and improving the credit ecosystem.

The inflow of low-cost imports, particularly from China and Vietnam, remains a concern for domestic manufacturers, ISSDA President Rajamani Krishnamurti said in reply to a query on the outlook for Q1 FY26. «The stainless steel sector is also likely to encounter challenges such as volatile raw material prices, especially for key inputs like nickel and ferroalloys,» he said.

Subscribe to enjoy similar stories. Employment among working-age women in urban India has increased by around 10 percentage points over the past six years. Now approaching the 30% mark, it still remains relatively low compared to our peer countries and has considerable scope for improvement.

Subscribe to enjoy similar stories. In a recent finding that could reshape public health policy globally, a new research study demonstrates that the Pradhan Mantri Jan Arogya Yojana (PM-JAY), India’s flagship healthcare programme, is achieving far more than its primary objective. It is fundamentally transforming the financial resilience of India’s poor, creating a silent yet powerful ripple effect throughout the economy.

Subscribe to enjoy similar stories. Price hikes by automobile companies will kick in from 1 April, casting a shadow over India's already struggling passenger car market. Struggling with rising prices of key raw materials and nervous over uncertainty created by the US' new auto tariffs, carmakers have shifted focus from the mass market to the high-end segment to maintain profitability.

Subscribe to enjoy similar stories. The US Trade Representative team’s talks in Delhi last week with Indian officials can be seen as part of an effort to find a way to avoid President Donald Trump’s tariffs on Indian exports that mirror the burden faced by US goods entering India. The US and India, once tethered to market debates in a transactional context, now navigate a relationship redefined by supply-chain wars, tech supremacy and containment of China.