India Financial News

Sudha Murty, who was on Friday nominated to the Rajya Sabha by the President, holds a 0.83 per cent stake in IT bellwether Infosys which at current prices is worth close to Rs 5,600 crore. The 73-year-old philanthropist is the wife of Infosys co-founder Narayana Murthy. She is the chairperson of the Murty Trust and has authored several books.

Karnataka government on Friday approved six new projects and eight additional investment proposals worth Rs 17,835.9 crore, with a potential to generate 27,000 jobs across the state, officials said. The State High-Level Clearance Committee (SHLCC), headed by Chief Minister Siddaramaiah, at its meeting here, gave the nod to new projects worth Rs 8,220.05 crore, and additional investment ones worth Rs 9,615.85 crore, they said. The new projects include Wistron Infocomm Manufacturing India's proposal to invest Rs 2,095 crore and provide employment to 21,723 in the state, officials said. According to an official statement, other major proposals that received the government's green signal are: Air India Limited (Rs 1,750 crore investments), ICT Service Management Solutions (India) Private Limited (Rs 1,450 crore), STT Global Data Centres India Private Limited (Rs 1,352.3 crore) and Indian Cane Power Limited (Rs 1,078 crore).

Indian Army, in conjunction with the Indrani Balan Foundation based in Pune, has extended a lifeline to Master Burhan, a 9-year-old boy hailing from Baramulla, Kashmir. Suffering from a critical heart condition, Master Burhan found himself in dire need of medical intervention, a need that was promptly met by the collective efforts of these two entities. Master Burhan, a student at the Dagger Parivaar School in Baramulla, faced not only the challenge of his health but also the burden of financial constraints within his family. However, the timely intervention of the Indian Army and the Indrani Balan Foundation ensured that he received the necessary medical attention without delay. With the support of the Dagger Division, Burhan underwent an initial evaluation at Government Medical College, Baramulla, on December 22, 2023. With a coordination between medical experts from both the Indian Army and the Indrani Balan Foundation, Pune, Master Burhan was swiftly transported to the Army Hospital Research and Referral Hospital in Delhi Cantt. There, a team of doctors and professionals helped Burhan to navigate through the medical and financial hardships.

Lok Sabha elections. Both National Conference and Mehbooba mufti-led PDP are parties in INDIA bloc. "I have told you...

Bitcoin gained momentum in early trading on Thursday as bulls showed some signs of pulling out of their bets on the world's largest cryptocurrency. Earlier on Tuesday, it reached an all-time high of $69,202, later on Wednesday it fell to near $60,000. The world's largest crypto token today jumped to an intraday peak of $67,637 in volatile trading, not too far from Tuesday's record high of $69,202. It was last 2.4% higher at $66,015. The digital asset's meteoric rally — having already surged 57% for the year so far — has been fuelled by investors pouring money into U.S. spot exchange-traded crypto products and the prospect that global interest rates may fall.

could "smell the stink of unflushed human excreta in toilet bowls from far way". The user further claimed that “it's not uncommon to see a line of residents going to the nearby forum mall do their business." In that Reddit post, the user was reportedly talking about the Forum Mall near the posh complex Prestige Falcon City on Kanakapura Road in Bengaluru. The Reddit user was a resident of Prestige Falcon City.

Manipur's Thoubal district by anti-social elements on Friday at 9 am. Officials informed that the JCO, a resident of Charangpat Mamang Leikai, was on leave when some people barged into his home at 9am and bundled him in a vehicle and fled. Though the cause of the abduction is not known, initial reports suggest that it was an extortion case as his family had received such threats in the past, the officials said.

The Xtrackers India Government Bond UCITS ETF total expense ratio has fallen from 0.38% to 0.33%, while the Xtrackers MSCI India Swap UCITS ETF's is now 0.19% from 0.75%. DWS lowers fees for 31 ETFs and a gold ETC The former ETF physically acquires the components of the JP Morgan India Government Fully Accessible Route Bonds index, which offers exposure to fixed-interest Indian government bonds. Tracking the MSCI India index, the latter ETF comprises the largest companies in the Indian equity market based on market capitalisation. The fund models the index synthetically through a s...

spectrum auction starts May 20 where the government will put airwaves in eight key bands worth Rs 96,317.65 crore on sale. The Department of Telecommunication (DoT) on Friday issued the notice inviting application (NIA), which outlines the auction rules, seeking participation from telecom firms. In the upcoming auction, 5G airwaves in 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz and 26 GHz bands will be on sale.

PDP in Jammu and Kashmir for the forthcoming parliamentary polls are on and there is no disagreement between the members of the INDIA bloc in the Union Territory, a Congress office-bearer said here on Friday. «There is no disagreement. It is not a big issue. Every party has a right to claim as many seats it can. But, the talks are on,» Jammu and Kashmir Pradesh Congress Committee (JKPCC) senior vice president Ghulam Nabi Monga told reporters. Monga's remarks came after the National Conference (NC) said it will field candidates on the three seats in the Kashmir Valley without leaving a seat for the Peoples Democratic Party (PDP). J-K has five Lok Sabha seats, including two from Jammu region, while Ladakh has one. In the last elections, while the NC won all the three seats from the valley, the BJP won the two Jammu seats as well as the lone Ladakh seat.

These women broke through the shackles and carved a niche for themselves in the financial space/realm

Core Foundation has announced a $5 million Innovation Fund to advance India's dApp ((decentralized app) ecosystem on Core Chain, the Bitcoin-secured and EVM-compatible blockchain. This fund aims to empower Web3 communities, enhance education, and provide vital support to founders and builders throughout India. “India's startup energy is unmatched, and its Web3 ecosystem is no exception, booming with over 450 startups and $1.3 billion in investments. Our goal is to empower Indian builders, spur dApp growth, and merge Bitcoin's security with Ethereum's flexibility. This initiative will open new doors and boost India's crypto economy, with a focus on scaling Bitcoin and unlocking BTCFi," said Shivangi Pandey, Core Contributor, in a statement. This entry into the Indian market also includes a roadmap for builder meetups, the Core Ambassador Program, hackathons, and collaborations with Web3 incubators and universities. Core Foundation also plans to launch an accelerator program in partnership with leading Indian Web3 venture capitalists and accelerators, providing essential support to the burgeoning community of Core Chain builders and founders.

crypto market during the fiscal year 2023-24 (FY23-24). According to Mudrex's platform data, Delhi topped among female crypto investors in FY23-24. This was followed by IT hubs Bengaluru and Mumbai. Analysis of Mudrex's data reveals insights into the geographical distribution of female investors in India. Among Indian cities, Delhi leads with 23% of female investors, followed closely by Bengaluru with 21%. Mumbai, Kolkata, and Hyderabad also contribute to the growing presence of female investors in the crypto space, demonstrating diverse participation across major metropolitan areas.

Russian army, said Ministry of External Affairs Spokesperson Randhir Jaiswal on Friday. «We have strongly taken up the matter for the early discharge of such Indian nationals. Strong action has been initiated against agents who recruited them on false pretexts,» said Jaiswal. «We remain committed to the early release of our nationals serving as support staff with the Russian army and then eventually return home,» he added.

BARCELONA : Japanese open RAN technology provider Rakuten Symphony, part of Rakuten Mobile, plans to invest $10 million in India this year to enhance AI capabilities and conduct research on 6G, a senior company executive said. The initiative will be based in the company's Bengaluru research and development center, its second-largest tech hub outside Japan. “This year and next year we are going to focus on expanding it, with a focus on ‘AI-nization’ initially.

Several tax-related initiatives can encourage women's participation in the stock market. The declining number of demat accounts among women is a concerning trend, highlighted by CA Sandeep Agrawal, Director and Co-founder at Teamlease Regtech. Meanwhile, Tax Expert Megha Jain from ClearTax proposes various tax-related initiatives to encourage women's participation in the stock market.  

Female founders in India face funding biases, receive $300 million in nine-month In the Tech startup ecosystem in India, $8.7 billion was raised in 2023, with companies having women founders raised $1.15 billion, a share of 13% as per the data. In the current calendar year, women-led startups have witnessed $112 million in funding almost in line with $123 million raised in the first two months of 2023. Former Flipkart employees turn bosses, own more than 40 startups: Report Notably, the Indian Tech startup ecosystem ranks second after the US in terms of funding raised by companies with women founders.

Sudha Murty has been nominated to the Rajya Sabha by President Droupadi Murmu, Prime Minister Narendra Modi announced on March 8 via social media platform X. PM Modi expressed his delight at Murty's nomination to the Upper House, emphasising the significant role it plays in showcasing 'Nari Shakti' or Women Power. Sudha Murty's nomination, disclosed by Prime Minister Modi, coincides with the celebration of International Women's Day.

author Sudha Murty was nominated to the Rajya Sabha on Friday. In a post on X, Prime Minister Narendra Modi asserted that her presence in the Upper House is a powerful testament to "Nari Shakti" (women's power), exemplifying the strength and potential of women in shaping the nation's destiny. Wishing her a fruitful tenure, he said, "I am delighted that the President of India has nominated Sudha Murty Ji to the Rajya Sabha.

₹1,226 and a 12-month forward target PE multiple of 20.6x. Also Read: Sensex, Nifty 50 at record high; is market overheated? What should investors do? “After a strong run-up of Indian equities, some profit-taking in the near term cannot be ruled out as economic and geopolitical risks remain elevated.

women in India aspire to start their own business, reflecting a strong desire for financial independence and self-reliance. This was shared as part of a report titled PayNearby Women Financial Index (PWFI) showcasing financial consumption by women at retail stores. The survey was conducted by the company among over 5,000 retail stores in the country recording financial transactions of women consumers in those outlets.