India Financial News

Kuldeep Yadav. He has a spring in his steps, he bounds into the crease and puts his entire body into delivering the ball. From there on, it’s like he has the ball on a string. It goes above the batman’s eyeline and then dips, dropping like a bird of prey that has its catch in sight. On the first day of the fifth and final India-England Test at Dharamsala, Kuldeep hit his straps and he was irresistible. Once again, England had got off to a bright start, getting to 137 for 2 at a fast clip. Zak Crawley, who was careful against the quick bowlers in an initial probing spell, settled in against the spinners, using his long reach to good effect. Kuldeep then produced a bit of magic, drawing the batsman forward and getting the ball to break sharply to defeat the bat and crash into the stumps. Crawley had made 79 of England’s runs at the time.

Telugu director Sandeep Reddy Vanga looked unrecognisable as he appeared bald in some recent pictures. Vanga, who delivered a huge hit last year- the Ranbir Kapoor-starrer ‘Animal’ struck gold at the box-office and crossed Rs 900 crore, was seen visiting the famed Tirumala Temple in Andhra Pradesh. He appeared completely bald and the pictures have since gone viral. According to an Indian Express report, the ‘Kabir Singh’ director offered his hair to the deity as a gesture of thanks for the Rs 900 cr blockbuster. In a video that is currently doing the rounds, he is seen wearing a dark blue kurta and a pink scarf. He appears to have removed his thick hair and beard. The director also posed with some fans and talked about his next project — ‘Spirit’ with the ‘Baahubali’ star Prabhas. Like ‘Animal’, ‘Spirit’ will also be produced by T-Series. With the success of ‘Kabir Singh’ and now ‘Animal’, Vanga has established himself as a box-office force to reckon with in Bollywood. However, he has also undergone severe criticism for glorifying violence, toxic masculinity, and misogyny against women in his films. Recently, veteran Bollywood screenwriter Javed Akhtar called the Kapoor-starrer “dangerous,” as it had a scene in which the protagonist is seen ordering a woman to lick his shoe. Vanga retorted that ‘Mirzapur’, a film produced by his son Farhan was no less violent.

Trump gets re-elected in November and implements his promise of imposing a 60% tariff on Chinese imports? A step like that would affect the economies of many countries, including India, as new opportunities as well as challenges would arise. So far, Beijing has been silent about how it will deal with this possible Made-in-America challenge. Premier Li Qiang recently presented his 'work report', the Chinese version of a budget speech, without revealing much about the country's economic strategy to deal with this and other issues. Chinese leaders are watching the evolving situation within its own economy and the US political scene, instead of rushing to formulate new policies. CPC has also not held its third plenum to formulate economic policy for 2022-27. The party holds seven plenums on different issues every five years, and the third one is reserved for discussion on economic matters. Silence on the part of authorities is giving the impression that Xi Jinping, who also happens to be party general secretary, is ending the tradition.

India isn't for the faint-hearted. Among the top survival skills it teaches us, the first is to expect the unexpected. It should, indeed, be the country's unofficial motto, especially after the not-so-pleasant surprise for students in Madhya Pradesh. Earlier this month, Jabalpur's Rani Durgavati University — where Rajneesh, a.k.a. Osho, (unsurprisingly) taught philosophy as Chandra Mohan Jain — released exam timetable for MSc Computer Science first semester exam and issued admit cards. But candidates, many of them from other districts, upon reaching the exam centre on Tuesday, were calmly informed there would be no exam that day. Why? Because the univ didn't prepare question papers. The authorities, we've reliably learnt, forgot they had to conduct an exam.

Supreme Court on Thursday dismissed an appeal by the Jalan Kalrock Consortium (JKC), the successful bidder for takeover of grounded Jet Airways (India), seeking to halt sale of the airline's three aircraft to a Malta-based aviation company. A Bench led by Justice Abhay S Oka upheld the National Company Law Appellate Tribunal's December order that allowed the sale of the aircraft to Ace Aviation VII. The apex court also observed that the sale of aircraft to the aviation company would in fact help the consortium to revive the embattled airline. JKC had challenged the jurisdiction of the NCLT or the appellate tribunal to direct specific performance of the Letter of Intent, saying the LoI does not have a binding contractual value. It further argued that the NCLAT had failed to consider that it was being «prejudiced for the fault of a third party that has no locus to submit an application before the NCLT essentially seeking specific performance against the monitoring committee of the corporate debtor, having no privity to the resolution plan or its implementation.»

telecom regulator shall soon issue a mandate to demarcate separate numbering series for transactional versus marketing calls made by businesses for commercial purposes. Currently, only 140 number series are allocated for all kinds of commercial purposes. These could in future be classified into (140) marketing and (160 or 161) for service calls to easily identify the purpose of the caller. The move is complementary to Trai's (telecom regulatory authority of India) recent recommendations for network operators as well as mobile device makers to enable display of caller's name, both for personal phone numbers as well as enterprise callers. «The DoT has approved our recommendation to allocate separate series which have been tested for both purposes...Trai shall soon issue a direction in this regard,» a senior Trai official told ET.

Servotech Power Systems on Thursday said it will invest Rs 100 crore for setting up a facility to manufacture components of EV chargers. The project will come up at Sonipat in Haryana, Servotech Power said in a statement. «The company is investing Rs 100 crore for setting up an EV charger component manufacturing facility. The plant will have an initial annual production capacity of 24,000 power modules,» it said. Its production capacity will be ramped up to 2.4 lakh in order to cater to the rapidly growing Indian EV market which will require around 6 lakh units annually, the company said.

Vodafone Idea (Vi) is set to gain from a slump in demand for 5G network gear globally, including India, that has dented recent earnings at companies such as Nokia and Ericsson. Despite the Indian telecom operator's precarious financial condition, global network equipment vendors are likely to prefer working with Vi, which still has more than 200 million users, but needs to urgently expand 4G network capacity and also start 5G rollouts to compete effectively with bigger rivals Reliance Jio and Bharti Airtel. «Given that Reliance Jio and Bharti Airtel are likely to cut capex spending in FY25, having virtually completed their pan-India 5G rollouts and seen little by way of monetisation, combined with the global slowdown in 5G deployments, network vendors would definitely welcome any fresh 5G contracts from Vi as long as they are on a cash & carry model,» a top executive at a leading global 5G equipment supplier told ET.

regional political parties in Kashmir alleged that a major section of the audience for Prime Minister Narendra Modi’s rally in Srinagar on Thursday consisted of government employees directed to attend the meeting by the administration. The leaders accused the administration in J&K of acting as ‘BJP pracharaks’ and mobilising people for the PM’s rally. Former chief minister of J&K Mehbooba Mufti while sharing a video on social media wrote that the government employees were ‘herded’ at 5 am in sub zero temperatures into vehicles at Budgam bus stand and ferried to PM’s rally. “Disheartening to see employees being forcibly mobilised to paint a pretty picture that all is well post 2019 and that people here are celebrating their own collective disempowerment and humiliation,” she wrote. The PDP leader said that this stands contrary to earlier visits by previous PMs like Atal Bihari Vajpayee and Dr Manmohan Singh at the peak of insurgency, when common people thronged to the venues with great enthusiasm and returned with hope in their hearts.

Mukesh Ambani to give Mickey Mouse a new home in India. But the $8.5 bn merger between Disney and Reliance will also take him one step closer to creating the world's largest digital telecom giant. Apart from obvious media consolidation, expect massive disruption in the advertising landscape and a direct challenge to the likes of Google and Meta. On the face of it, a Unilever may gain with bigger consumer access. But what if the latter faces a future chokehold once Reliance FMCG labels and brands force it to pay more to advertise on this mega digital platform? By merging apps, cross-selling and piggybacking on 750 million viewers — an estimated 40% viewership share in linear TV, 50%-plus in digital — the combo will have unparalleled access to content and reach, thereby giving it an edge to streamline cost and revenue benefits that no one else could have achieved on their own without looking at a much longer timeframe.

high-performance computing (HPC) in India. “This collaboration is intended to spur and support the growth of India’s developer community, with a focus on processor design, system design, firmware, and application development, including contributions to open source initiatives,” IBM said in a statement.

Wrestling Federation of India (WFI), which has been placed under suspension by the Centre, told the Delhi High Court on Thursday it will withdraw its circular on conducting selection trials for the Senior Asian Wrestling Championships 2024 and Asian Olympic Games Qualifier Wrestling Tournament. Taking note of the statement made by WFI's counsel, Justice Sachin Datta said the trials shall proceed as per the circular issued by the ad-hoc committee supervising the affairs of the Wrestling Federation of India. The ad-hoc committee of the WFI had issued a press release on February 9 saying it will hold the trials for the Asian Olympic Qualifiers (April 19-21) and World Olympic Qualifiers (May 9-12) on March 10 and 11 at Netaji Subhas National Institute of Sports, Patiala and Sports Authority of India (SAI) complex in Sonipat.

Central Bureau of Investigation (CBI) has uncovered a significant human trafficking network that deceived Indians into traveling to the war zone between Russia and Ukraine under the guise of providing lucrative jobs abroad. The agency is currently conducting searches at more than 10 locations across seven cities as part of its investigation. FIR Registered Against Visa Consultancy Firms and Agents Officials have revealed that the CBI has filed a First Information Report (FIR) against various visa consultancy firms and agents involved in the trafficking scheme. During the searches, several individuals have been detained, and an amount of Rs 50 lakh has been seized.

Narendra Modi launched 52 tourism sector projects worth over Rs 1400 crore under the Swadesh Darshan and Pilgrimage Rejuvenation and Spiritual Heritage Augmentation Drive (PRASHAD) schemes on Thursday. Nine tourism infrastructure projects, spread across the country, developed under Swadesh Darshan and PRASHAD schemes worth Rs 469 crore were launched, besides 43 other projects worth Rs 963 crore were also launched under the two schemes of tourism ministry. The tourism ministry said in a statement that the project launch events were also carried out at all the 52 destinations, simultaneously by the ministry, state government, UT administrations and local authorities. The projects launched today included three projects under PRASHAD Scheme ( Hazratbal- Srinagar, Jogulamba- Telangana, Amarkantak-Madhya Pradesh) worth Rs 129.35 crore. The ministry said some of the major interventions developed in the projects include pilgrim facilitation centres, ghat development, façade illumination, sound and light shows, queue complex and safety and security infrastructure.

Cordelia Cruises, said Cordelia has a 100% sold out status for this Mahashivratri long weekend as well as for a cruise starting on Holi. Close to 4,000 guests will be on board for both the cruises. “How Indians used to cruise has changed post the Covid-19 pandemic,” Bailom said. “One of our key strategies has been to ensure we cater to weekend travellers who would like to holiday without taking too much time off work,” he added. The long weekends business has turned out to be a money spinner for hotels and travel companies post the pandemic, and most key properties in the north and west are sold out for the long weekends this month. Some are available at very steep rates.

The Turkish energy minister says Turkey and Somalia have struck an oil and gas cooperation agreement for the Horn of Africa nation

Vedanta announced on Thursday, March 7, that it has received an administrative warning from capital markets regulator Securities and Exchange Board of India (SEBI) for "publishing information related to its unlisted ultimate holding company". In an exchange filing, Vedanta said it received a letter from NSE on March 6, 2024, issued by SEBI vide which an administrative warning has been issued to the metals-to-mining conglomerate.

₹285 to ₹5,335 per 100 kg for the 2024-25 season. An estimated 4.0 million jute farmers and their households, and 500,000 workers involved with jute mills will benefit from the move, Union minister Piyush Goyal said while announcing the Cabinet decisions. The MSP for the 2024-25 season is in line with the principle of fixing the minimum support price at a level of at least 1.5 times all India's weighted average cost of production as announced by the government in the budget for 2018-19, an official release said.

NEW DELHI : India’s mobile phone exports are expected to cross ₹1.2 trillion at the end of this financial year, reaching a major milestone propelled by the government’s thrust on phone makers such as Apple and Samsung to manufacture locally. The exports would account for nearly one-third of the total domestic production of mobile phones, projected at about ₹4.1 trillion in FY24, the Indian Cellular and Electronics Association said on Thursday.

NEW DELHI : India’s foreign minister S. Jaishankar urged Japanese companies to consider “Make in India" initiatives as well as export from India to global markets, during the Raisina Roundtable in Tokyo. Jaishankar is on a three-day visit to Japan to meet with his Japanese counterpart Yoko Komikawa.

₹860-crore contract to make five PSLV rockets in four years. This capacity is now being ramped up through more private vendor participation. Another key area is in completely privatizing Isro’s small rocket—the Small Satellite Launch Vehicle (SSLV).