India Financial News

Mahashivratri, which honours Lord Shiva and Goddess Parvati, is being celebrated across India on Friday. In a post on X, Mahindra Group chairman, Anand Mahindra, said, “Shiva is worship, there is no one else like Shiva, Shiva is devotion, Shiva is power, Shiva is love, Shiva is the protector of all.

financial literacy is crucial for Indian women to make informed financial decisions. “Top investment assets include equities, mutual funds, and the traditional yellow metal, gold. Owning gold can lead to financial self-sufficiency for a woman.

life insurance ownership, with 79% now holding life insurance plans. According to the survey, financial protection levels among urban Indian women have achieved a milestone by surpassing the 40-point mark for the first time. This marks an increase from 33 to 41 points over the past six years.

LPG Cylinder Prices: India has cut LPG cylinder prices by a steep 100 rupees per cylinder, a move that will ease cost burden on households across the country in the world's most populous nation that is set to vote for the next government during the summer season. «Today, on Women's Day, our Government has decided to reduce LPG cylinder prices by Rs. 100. This will significantly ease the financial burden on millions of households across the country, especially benefiting our Nari Shakti,» Prime Minister Narendra Modi wrote on Twitter. By enhancing the affordability of cooking gas, the government also seeks to bolster the welfare of families and promote a healthier environment, Modi said, adding this move aligns with New Delhi's dedication to empowering women and guaranteeing their 'Ease of Living'.

sovereign debt nears inclusion in global bond indices, a diverse pool of international investors, ranging from long-term institutional funds in Japan, S Korea and Taiwan to exchange-traded funds in Europe, are setting their sights on the domestic bond market. «We have witnessed an influx of clients coming to India over the last few months. Besides the major financial hubs, clients from other countries like Japan, Korea and Taiwan have also expressed significant interest,» said Anita Mishra, Head of Markets and Securities Services, HSBC India.

Manish Gunwani, Head — Equities, Bandhan AMC, says “there seems to be a fairly significant shift of sourcing from China and other countries to India. The good part is that in a lot of these segments, India has a big domestic market. So the expertise gets built and a lot of the companies are part domestic part exports. So one is just not playing only the domestic capex cycle, especially for the product makers. One is also playing this optionality that in a very big global market, they may become fairly large companies.” You have been talking about capex and infrastructure, stepping into elections. What is your narrative on the entire capex theme? And what happens post that if the government continues, which seems to be likely and the market also seems to be pricing it as of now? In that case, focus would be on private capex picking up because up until now, we have been running on government capex push. Manish Gunwani: This is not a very broad based capex theme like during 2002-2008, both in India and globally. For example, if commodity prices are soft, you cannot expect too much of capex from the steel guys, from the upstream oil and gas guys etc. But there are segments, obviously, like energy transition and power which are doing well.

defence partnership, including in the area of defence equipment while agreeing for wider participation of Japanese SMEs in India’s growth story. The two sides also reviewed their defence and economic partnership at the foreign minister-level strategic dialogue held in Tokyo. “We have made good progress in our defence and security relations, which we both welcomed. Today, just as we are meeting here in Tokyo, the Indian Army is conducting a joint exercise with the Japanese Self Defence Force, in Rajasthan. The three branches of our military and Coast Guard are productively engaged with their Japanese counterparts, with greater ease through the newly operationalised reciprocal partnership arrangement. There have been exchanges about cooperation possibilities in the areas of jointness, and new domains like cyber and space. We also took stock of the progress in our defence equipment and technology cooperation framework,” Jaishankar said in his remarks to the press following the meeting.

Konyak Union (KU) of Nagaland declared ‘public emergency’ due to Centre’s delay in settling its offer for creation of ‘Frontier Nagaland Territory’. In line with the Eastern Nagaland Peoples’ Organization (ENPO) declaration of “public emergency” KU) and Tikhir Tribal Council (TTC) have declared ‘public emergency’ in their respective jurisdictions with immediate effect. In separate statements, KU president Tingthok Konyak and general secretary Manpang K Wangyen and TTC president P. Timong and general secretary James Tikhir declared strict implementation of the February 23, 2024 ‘Chenmoho Resolution’, which mandated the abstention from participation in any central or state elections because of the delay to settle the offer for creation of FNT by Government of India through the Ministry of Home Affairs.

Bank of India (RBI) directed lenders Thursday to establish a mechanism to monitor the end use of funds for business credit cards and prohibited them from sharing customers' data with outsourcing partners. This is in the context of the RBI clamping down on unregulated co-branded partners working with banks and, in many cases, accessing customer transaction data for their own business purposes.

By Katya Golubkova

Vivo and Oppo are appointing Indian distributors in each state as the primary source of product supply to the trade to help resolve a long-standing point of conflict with the Centre. The aim is to localise the distribution structure in India, two industry executives said. Vivo and Oppo are the largest brands of China's biggest smartphone manufacturer BBK Group. Until now, the brands had one or two Chinese-owned and managed distribution companies in each state, referred to as agents. They would in turn channel goods to retailers through local distributors. From next month, Vivo will scrap its agents in Delhi, Punjab and Haryana, having put in place Indian distributors for these states. Lens on Chinese companies

In the 1990s, South Korea faced a pivotal moment in its economic development. At the time, the country was rapidly industrializing and seeking ways to sustain its economic growth. Recognizing the untapped potential of half its population, South Korea embarked on a series of reforms aimed at increasing women’s participation in the workforce and promoting gender equality.

NEW DELHI : Rating agency Moody's on Thursday raised its forecast for India's GDP growth in FY24 to 8% from 6.6% on the back of strong government expenditure and domestic consumption. The upgrade comes a week after the rating agency raised its forecast for India's GDP growth in calendar 2024 to 6.8% from 6.1%.

reports claimed. These include all 3,691 Archaeological Survey of India (ASI)-protected ticketed monuments/museums including Taj Mahal in Agra, Red Fort and Qutab Minar in Delhi, Sun Temple in Konark, Ellora caves and Khajuraho in Madhya Pradesh. Check list here Free entry to these monuments will be provided to all women visitors from India and across the world.

₹15,000 crore. Under the plan, five prototypes of the AMCA will jointly be built by the Aeronautical Development Agency (ADA) and state-run Hindustan Aeronautics Limited (HAL) with support from private industries.

NEW DELHI : The Union cabinet on Thursday approved an India AI Mission, raised dearness allowance (DA) for central employees and pensioners and extended its flagship cooking gas subsidy scheme, clearing a slew of decisions ahead of the upcoming general elections. The ₹10,372 crore India AI Mission will aim to build a base of graphic processing units (GPUs), multi-modal domain-specific large language models (LLMs), and a unified data platform. It will offer an open-source database of non-personal data that can be used to train AI models and market artificial intelligence (AI) applications commercially.

Also Read: Merry Christmas: Vijay Sethupathi and Katrina Kaif-starrer teaches us 2 simple but important money lessons Announcing the OTT release of Merry Christmas, Netflix India wrote on the social media platform Instagram, “This year, Christmas has come early, and it's time to unwrap the best gift ever!! Merry Christmas is coming tomorrow, only on Netflix!" A post shared by Netflix India (@netflix_in) The movie will be available for watching on OTT from March 8. The thriller movie, Merry Christmas, beautifully carries on with its vast range of elements including romance, crime, and suspense in a multilingual format. Raghavan's movie injects a distinctive suspense touch into the neo-noir narrative with finesse.

NEW DELHI : Onion prices, which are sharply higher this year, are likely to stay elevated, with scanty rains hurting production of the kitchen staple. Onion output in the 2023-24 crop year may fall 15.6% to 25.4 million tonnes (mt) as key growing regions received weak rains, the agriculture ministry said. Production is expected to be lower by 3.4 mt in Maharashtra, 995,000 tonnes in Karnataka, 354,000 tonnes in Andhra Pradesh and 312,000 tonnes in Rajasthan.

India registered significant improvements in employment parameters for women last year, according to official data. However, getting to the top remained an uphill task. Ishaan Gera takes a look: JOB CONDITIONS IMPROVE FOR WOMEN Unemployment rate declines to its lowest level of 3% Labour force participation crosses 40% for first time.

Supreme Court on Thursday verbally observed that the decision of Maharashtra speaker Rahul Narwekar using the test of legislative majority to declare Eknath Shinde's faction as the real Shiv Sena could be contrary to the court's judgment in May last year. «He (the speaker) says which faction is the real political party is discernible from the legislative majority which existed when the rival factions emerged. Is it not contrary to the judgment?» a bench headed by Chief Justice of India (CJI) D Y Chandrachud remarked verbally, referring to paragraph 144 of the speaker's order. «The whole submission is contrary to the judgment of our court,» the bench added.