India Financial News

Tesla struggles with falling sales and share price and global protests against his brand for his support to US President Donald Trump, its CEO Elon Musk looks at India with hope. Long seen as a potential disruptor for India's EV, Tesla is finally entering India, opening a showroom in Mumbai to sell its imported cars and has plans to set up a manufacturing plant in Maharashtra. However, Tesla has lost years dilly-dallying on its India entry and meanwhile Indian EV makers have grown enough to make things difficult for it. Many think the company may not after all be able to disrupt the Indian market in any significant way nor reap any huge dividends. Tesla may face another big challenge in India. Its global rival BYD (Build Your Dreams), which sells cars imported from China in India, could be planning to manufacture in the country. According to unconfirmed media reports, the Chinese EV giant is planning to set up a factory in Telangana. BYD, together with Indian EV makers such as Mahindra and Tata; the JV between India's JSW and China's MG Motor; and Korean and Japanese automakers CAN make it difficult for Tesla to benefit from the Indian market in any substantial way.

Subscribe to enjoy similar stories. New Delhi: The Indian Pharmacopoeia Commission (IPC), a body under the health ministry, has named five lifesaving drugs as having shown serious side effects. The drugs are Metronidazole, an antibiotic; Luliconazole, an antifungal; Dalteparin, used for cancer treatment; diabetics drug Gliclazide and Tramadol, a painkiller.

Indian fishermen detained in Sri Lanka during the question hour in Rajya Sabha on Thursday, External Affairs Minister S Jaishanker said that the current government inherited the situation due to events that can be traced back to 1974 and 1976. Jaishankar detailed Sri Lanka's legal framework, stating, «Sri Lanka has two laws--the Fisheries and Aquatic Resources Act of 1996 and the Fisheries Regulation of Foreign Fishing Boats of 1979. Both these acts were amended in 2018 and 2023, providing for much stiffer sentences, bigger fines, and greater detention.» He explained that many of those serving sentences are boat owners, skippers, or repeat offenders, complicating resolution efforts. He stated that the «root cause» of the ongoing issue related to the detention of Indian fishermen in Sri Lanka began in 1974 when the international maritime boundary line was drawn, followed by an exchange of letters in 1976 with Sri Lanka delineating fishing jurisdiction. «The house is aware that, in a way, our government has inherited the problem. This problem began in 1974 when the international maritime boundary line was drawn, followed by an exchange of letters in 1976 delineating fishing jurisdiction. These decisions are the root cause of the situation,» EAM said while replying to the question raised by DMK MP Tiruchi Siva.

SBI Long Term Equity Fund, the oldest ELSS fund, multiplied investors’ wealth by 1.40 times in the last three years. A monthly SIP of Rs 10,000 would have turned to Rs 5.04 lakh now, with Rs 3.60 lakh as the invested amount. The scheme gave an XIRR of 23.49% in the mentioned period.

Adani Group stocks have been on a strong upward run, adding nearly Rs 40,000 crore in market capitalization over the past 15 days. Except for Adani Enterprises, all group stocks ended higher on Thursday, coinciding with a significant boost for the company as Chairman Gautam Adani emerged as the top Indian wealth gainer in the Hurun World Rich List. Adani, whose wealth surged by around Rs 1 lakh crore, still lagged Mukesh Ambani, who claimed the title of Asia's wealthiest. However, Ambani dropped out of the world's top 10 wealthiest list, following a hit to his fortunes due to the poor performance of RIL. Gautam Adani's fortune grew by 13% in 2024, enabling him to rank among the top three in India.

Salman Khan has once again impressed his fans with a new photoshoot. The actor is preparing for the release of his upcoming action movie Sikandar and recently shared some stylish pictures on social media. While his charming poses caught attention, it was his luxurious orange and gold watch that stole the spotlight. Watch is the limited-edition Epic X Ram Janmabhoomi edition. This special timepiece honours India’s cultural heritage with engravings of the Ram Mandir and images of Lord Ram and Lord Hanuman. Adding to its uniqueness, the watch has a saffron strap and features the words «Jai Shree Ram» at the 6 o'clock mark. In his post, Salman invited fans to watch Sikandar in theaters, saying, «See you in theatres this Eid!» The excitement around Sikandar has been growing, with advance bookings already crossing Rs 7 crore. Directed by A. R. Murugadoss, the movie promises thrilling action and a heartfelt storyline. The film stars Rashmika Mandanna, Sathyaraj, and Kajal Aggarwal alongside Salman Khan.

On Wednesday, the BSE Bankex index closed 1% lower, having rallied 7.7% in the previous seven sessions. Meanwhile, the BSE Information Technology index also dropped by over 1% in the last session, following a 4.7% surge between March 17 and 25.

«This is pulling back investment and it is likely to have slightly inflationary impacts in the US in particular, which means slightly more elevated interest rates and this is going to impact Asia-Pacific through tighter monetary policy,» says Vishrut Rana, S&P Global Ratings. Let me first up ask you about the tariffs, the impact that this is going to have globally. We have been getting a lot of commentary. At one point in time you think that Trump is going to go all out, all aggressive. This morning you got comments where he said April 2nd is when he will put the reciprocal tariffs, but they will be lenient. How should one read into all of these developments and react to that? Vishrut Rana: Indeed in these highly uncertain times a lot to watch out for. So, the impact of tariffs on the global economy is going to be significant. We think that it is already having an impact in terms of delaying investment plans for firms across the region until there is more clarity in terms of where the trade tensions are going to materialise.

JioHotstar has surpassed 100 million paid subscribers across B2C and B2B formats. Commenting on the milestone, Kiran Mani, CEO – Digital, JioHotstar, said, “We have always believed that world-class entertainment should be accessible to all, and crossing 100 million subscribers is a testament to that vision. This milestone not only underscores India’s limitless potential but also strengthens our commitment to pioneering category-first experiences at an unprecedented scale. As we continue to innovate and expand, our focus remains on shaping the future of streaming, driving accessibility, and unlocking infinite possibilities for a billion screens.” The foundation of this rapid growth lies in JioHotstar’s vast and diverse entertainment offerings. With an unparalleled selection of TV shows, the most extensive collection of Hollywood content on a single platform, a wide array of digital specials across languages, a year-round lineup of unscripted and reality shows, and the recently launched Sparks—spotlighting India’s most popular creators—JioHotstar has built the most expansive content universe in India’s digital landscape.

Hitachi Cash Management Services, a subsidiary of Hitachi Payment Services has announced a leadership transition with Yusuf Pachmariwala set to take over as Managing Director & Chief Executive Officer, effective April 1, 2025. Pachmariwala will succeed Anup Neogi, who has decided to retire from the role of Managing Director & Chief Executive Officer of Hitachi Cash Management Services. Yusuf Pachmariwala currently holds the position of Director Operations — Cash Business at Hitachi Payment Services and has played a crucial role in scaling cash business operations at Hitachi Payment Services.

Mukesh Ambani has retained the top spot on the Hurun India Rich List 2025, despite a dip in his wealth. The Reliance Industries chairman's net worth stands at INR 8.6 lakh crore, down by Rs 1 lakh crore from the previous year. However, he still holds a comfortable lead over rival Gautam Adani, who made significant strides with a wealth increase of 13%, bringing his fortune to Rs 8.4 lakh crore. Adani’s net worth grew by a substantial Rs 1 lakh crore, cementing his status as a formidable force in the nation's business landscape. The race between these two titans of industry has captivated the country’s attention, and their fortunes continue to fluctuate, reflecting both market dynamics and their expanding business ventures.

Indian billionaire Gautam Adani’s power generation unit resumed full electricity supply to the nation, four months after halving the feed over unpaid dues. “We’re making regular payments to Adani and receiving power as per our requirements,” Rezaul Karim, chairman of Bangladesh Power Development Board, said on Thursday. He didn’t specify the quantum of payments and whether past arrears have been cleared. Data from BPDB shows Adani increased power supply more than two weeks ago.

bed tea. This long-standing tradition is more than just a habit—it’s a source of comfort, a morning ritual that signals the start of the day. However, IIT- IIT-biochemist and nutritionist Manish Bhagwani warns that this habit might be doing more harm than good, especially for those struggling with insulin resistance and metabolic health. According to Bhagwani, the human body naturally prepares for the day by increasing cortisol levels before waking up. This surge elevates blood glucose, triggering a small release of insulin to provide energy for the morning ahead. While this is a normal process, the problem arises when individuals already have insulin resistance—something that affects more than 50% of urban Indians today. In such cases, the natural morning insulin spike is much higher, further complicating metabolic health.

PLI) for domestic manufacturing of auto components, semiconductors, and electrolysers, have reduced supply chain dependence on external sources and increased the country’s domestic manufacturing capabilities. Additionally, as global supply chains look to diversify their manufacturing and supply sources, the “friendshoring” strategy has provided a strong impetus to India’s manufacturing and export sectors due to its positive trade disposition and deep talent pool. India is revamping its logistics sector by integrating technological solutions like ICEGATE, ULIP, and E-way bills to automate and optimise processes. Digitalisation, augmented connectivity, and cutting-edge innovations such as Radio Frequency Identification (RFID) and Global Positioning System (GPS) are enhancing operational efficiency by providing transparency and reducing costs. A robust logistics sector drives economic integration by connecting regions and enabling seamless trade, which is essential for a strong national economy, allowing India to harness its full potential and achieve sustainable progress. In this context integrated logistics solutions with global connectivity are crucial for enabling emerging businesses to gain market access, scale up and succeed. Supporting emerging businesses with resilient supply chains

Reserve Bank of India is set to double to 10% a cap on investment by individual foreign investors in listed companies, as it aims to boost capital inflows, according to two senior government officials and documents reviewed by Reuters. Foreign portfolio investors (FPIs), pressured by poor earnings, high valuations and prospects of U.S. tariffs, have pulled more than $28 billion out of Indian stocks since September's record high in the benchmark NSE Nifty 50. To boost foreign investment, India is widening to all foreign investors benefits it had until now restricted to overseas Indians, while also raising applicable investment limits, the officials said. «It is felt that these proposals may be implemented as early as possible,» the central bank told the government in a letter last week, pointing to disruption in capital inflows among recent developments in the external sector. Emails seeking comment from the finance ministry, the central bank, and the market regulator, the Securities and Exchange Board of India (SEBI), did not get any response.

office leasing across the top seven cities reaching 15.9 million square feet in the first quarter. This represents a 15% year-on-year (YoY) increase, driven by strong demand for Grade A office spaces. Bengaluru and Delhi-NCR led the leasing activity, collectively accounting for nearly 50% of total transactions and absorbing two-thirds of new supply introduced during the quarter. Among other key markets, Chennai witnessed a significant 93% surge in leasing, doubling its Q1 2024 absorption levels. The city’s strong performance was primarily fueled by major technology firms signing large deals. Some of the major leasing deals during the quarter includes Applied Materials leasing 835,000 sq ft in ITPL, Whitefield (Bengaluru), Tata Consultancy Services taking up 690,000 sq ft in Ozone Tech Park, OMR (Chennai), JP Morgan Chase & Co. leasing 559,700 sq ft in Embassy Tech Village, ORR (Bengaluru), Walmart securing 465,400 sq ft in CapitaLand, Radial Road (Chennai), Intuit leasing 456,700 sq ft in Embassy Tech Village, ORR (Bengaluru)

«Some of the self-inflicted fundamental factors like RBI keeping liquidity tight, government going slow on spending in the first half, those are now getting unwound,» says Mihir Vora, CIO, Trust Mutual Fund. Where markets are headed. Mihir Vora: We had this good correction for five months and we had a smart bounce back. The correction had some reasons and maybe to some extent it was overdone so that overdone part is probably done. So, we have had the reset, I would say. I call it the reset in the market.

Subscribe to enjoy similar stories. When Arpit Mittal pivoted his third startup to focus on getting Indian kids unfamiliar with English to learn and speak the language, he was in for a few surprises. His Gurugram-based edtech startup SpeakX began seeing a surge in users from India’s tier 2 and tier 3 cities.

Subscribe to enjoy similar stories. For years, gold has been the go-to hedge in times of economic uncertainty. But now, another precious metal is stealing some of its lustre.

Subscribe to enjoy similar stories. India’s cement sector is laying a solid foundation for growth, with stocks surging after a research report pointed to a sustained earnings upcycle. UltraTech Cement, the country’s largest producer, has been at the forefront of this rally, continuing its trend of outperformance.

Victoria Panova, Head of the BRICS Expert Council—Russia, Russia’s Sherpa in W20, and Vice Rector at HSE University. “The new members of BRICS are settling in. BRICS partners are getting adjusted to the process BRICS, but it was decided not to go immediately further in terms of expansion. Instead, new partner category was introduced.