India Financial News

streaming service, FanCode, on Monday announced that it has inked an exclusive partnership deal with Formula 1®, becoming the sole broadcast partner for the premiere motorsports race in India for the 2024 and 2025 seasons. This also marks the company's entry in a new sport, going beyond cricket, football and hockey among others. The announcement comes as Formula 1® gears up for its longest-ever season, featuring a staggering 24 races set to commence on February 29 in Bahrain. Indian fans can be a part of live action via FanCode's coverage, which includes all practice and qualifying sessions, F1 Sprint events and Grands Prix throughout the season, available across multiple devices, including smart TVs, mobile phones and tablets.

Jamnagar welcomed a global sensation, Rihanna, ahead of the much-anticipated pre-wedding bash of Anant Ambani and Radhika Merchant. The arrival of the iconic fashionista sparked excitement across social media platforms and beyond.

BJP on Thursday dubbed the arrest of Shahjahan Sheikh as a «legal protection» given to him and slammed the West Bengal police for not charging him with the crime of sexual assault and land grab levelled against the Trinamool Congress (TMC) strongman by many women in Sandeshkhali. BJP national spokesperson Sudhanshu Trivedi said at a press conference that Sheikh has been arrested in the case involving violent attack on Enforcement Directorate (ED) officials by a mob affiliated to him. He asked as to why the West Bengal police has in such a case not handed over his custody to the central agency. He said the video of Sheikh striding ahead with the cops following him looked more like a case of him being escorted instead of being under arrest.

suicide rates, according to a study conducted in China. Researchers at the University of California, Santa Barbara, estimate that China's efforts to reduce air pollution have prevented 46,000 suicide deaths in the country over just five years. The team used weather conditions to tease apart confounding factors affecting pollution and suicide rates, arriving at what they consider to be a truly causal connection. The results, published in the journal Nature Sustainability, unearth air quality as a key factor influencing mental health.

Indian Navy next week when it inducts the aerial marvel, the MH 60R helicopter into its fleet, bolstering the Anti-Submarine Warfare (ASW) capabilities. Defence Minister Rajnath Singh will commission the newly inducted MH 60R Seahawk multi-role helicopter at the INS Garuda here on March 6, Navy officials said. The squadron will be commissioned in the Indian Navy as INAS 334, under the Command of Captain M Abhisheik Ram. The Indian government signed a deal with the United States of America in February 2020, to acquire 24 fourth-generation MH 60R helicopters. Six of them have been delivered to the Indian Navy so far.

innovation to deal with different challenges is greater than ever, Microsoft co-founder and philanthropist Bill Gates said Thursday, asserting that Artificial Intelligence (AI) is the most transformative technology he has seen. Addressing students at Indian Institute of Technology (IIT), Delhi, Gates he encouraged them to leverage the technology for social good. «I am looking at India in a far broader way. I am lucky enough, through the work of the foundation, to look at innovators who can help with all kinds of problems — starting with health, but also agriculture, gender, and climate. We need fantastic Indian innovation,» Gates said during his keynote address on «Innovation for Public Good». «The need for innovation to deal with many different challenges is greater than ever. You are all lucky to be here and have gotten an incredible education. The complexity of how we take technology and shape it, you will get an opportunity to play a big role there,» he said.

By Bhavin Turakhia The RBI's recent actions have generated a wave of passionate responses from the Indian fintech community. Through this open letter, I hope to share my personal observations and opinions on some of the challenges related to the fintech landscape in India and the role of the RBI.

global economic slowdown and declining confidence in the economic outlook in Asia-Pacific region, India's mid-market businesses are hopeful of positive prospects in the near future, according to a report by Grant Thornton. Nearly 80 per cent of Indian mid-market businesses maintain a positive economic outlook in the next 12 months, up from 78% in H1 2023, the International Business Report (IBR) revealed. The survey conducted in the latter half of 2023 also noted that this is fuelled by India's domestic market and government initiatives such as 'Make in India', which are creating a favorable environment for growth.

Shreyas and Ishan. Hoping they bounce back and come back stronger. If players like Hardik don't want to play red ball cricket, should he and others like him participate in white-ball domestic cricket when they aren't on national duty? If this doesn't apply to all, then Indian cricket won't achieve the desired results!," India's veteran pacer Irfan Pathan said in a post on X.

₹25,000-30,000 for two years and provides coverage of $100,000 in the US. Despite this, the plans are not very popular. “Lack of awareness and convenience are reasons why parents tend to go with a university-backed plan.

NEW DELHI : The Union cabinet has approved ₹75,021 crore towards subsidies for installing solar power equipment on the rooftops of 10 million homes, an ambitious scheme that could result in substantial household savings as well as reduce the strain on electricity grids. Under this scheme, called the PM Surya Ghar Muft Bijli Yojana, the government will provide a financial assistance, or subsidy, of ₹30,000 for installing solar power equipment of 1 kilowatt (kW).

₹5,000 crore($603.05 million), while mid-cap stocks are those with market values of between ₹5,000 crore and ₹20,000 crore. Small- and mid-cap stocks are generally less liquid compared to their large-cap peers. Assets managed by small-cap funds in India vaulted 86.5% over a 10-month period to ₹2.48 trillion ($29.92 billion) as of end-January and mid-cap funds jumped 58.5% to ₹2.9 trillion.

₹11.03 trillion, or 63.6% of the revised annual estimate, according to data released by the Controller General of Accounts on Thursday. The fiscal deficit for the corresponding period of the previous year stood at ₹11.91 trillion, or 67.8% of the annual estimate of ₹17.55 lakh crore for FY23. The budgeted annual estimates for fiscal deficit, which was revised in the vote on account budget on 1 February, was at ₹17.87 trillion for FY24.

₹17,000 crore across Madhya Pradesh via video conferencing. The prime minister inaugurated the development projects during the 'Viksit Bharat Viksit Madhya Pradesh' programme via video link.

% growth in the December quarter, attributed mainly to a robust growth in manufacturing and construction sectors, as it maintained its status as the world's fastest-growing major economy. However, the growth during the fiscal third quarter period was a major step up from the 4.4% recorded in the corresponding period of the previous fiscal year.

stock market, navigating through terminology, and making informed investment decisions are essential steps in laying a strong foundation in equity trading. This comprehensive guide aims to provide beginners with the information and tools needed to kickstart their equity trading journey in India, covering everything from setting up a demat account to analysing stocks and developing trading strategies. Equity trading involves buying and selling shares of company stocks, essentially holding a stake in a company, and hoping for its success to drive appreciation in the value of the shares.

₹24,420 crore for phosphatic and potassic (P&K) fertilizers, adding three new grades to aid farmers and enhance the productivity of oilseeds and pulses. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the Department of Fertilizers' proposal to set nutrient-based subsidy (NBS) rates for the 2024-25 kharif sowing season, which runs from April to September, according to an official statement. “Despite rising prices of fertilizers in the global market, we have decided to keep the prices the same as the last season," said minister Anurag Thakur at a press briefing after the Cabinet meeting.

entire India-Myanmar border would be fenced. On February 8, Shah said that the Centre decided to scrap the India-Myanmar Free Movement Regime to maintain the country's internal security and demographic structure of the northeastern states. ALSO READ: What comes under India's Free Movement Regime with Myanmar and why was it scrapped? Top points Before this, in January, Mizoram Chief Minister Lalduhoma maintained that he was opposed to the Free Movement Regime and fencing of the border.

Kotak Mahindra Bank’s senior officials on Thursday said that it aims to grow its gold loan book faster than the industry. Speaking to the media, Manish Kothari, president and head of commercial banking, indicated that there is significant scope for them to expand their gold loan book in India since the market is currently dominated by an unorganised sector, which is charging usurious rates to lower-income groups. Shripad Jadhav, president of retail agriculture and gold loans, said there is a scope for the bank to expand the gold loan book since the Reserve Bank of India's rule does not require banks to assign any capital on these loans. Besides, the maximum permissible loan to value is 75% of the value of the gold, and since the gold prices have risen, the credit cost is negligible.

JHS Svendgaard Laboratories Ltd.(up 5.00%), Dangee Dums Ltd.(up 2.19%), Godrej Consumer Products Ltd.(up 1.92%), Tata Consumer Products Ltd.(up 1.90%), Britannia Industries Ltd.(up 1.59%), LT Foods Ltd.(up 1.36%), Colgate-Palmolive(India)Ltd.(up 1.21%), Nestle India Ltd.(up 0.99%), ADF Foods Ltd.(up 0.93%) and Dodla Dairy Ltd.(up 0.90%) stood among the top gainers.