India Financial News

Motilal Oswal said in its latest sector update, naming JSW Energy as its top pick to ride the upcycle. The brokerage reiterated its ‘buy’ rating on JSW Energy with a target price of Rs 705, implying a potential 25.4% upside from the stock's current level. Motilal Oswal also maintained a ‘buy’ rating on ACME Solar with a target of Rs 330, signaling a 73.4% upside from its current price.

Wipro, India's fourth largest IT services provider, won a 10-year deal worth 500 million pounds ($645.4 million) from British insurer Phoenix Group, the company said on Wednesday, announcing its second mega deal this financial year. Mega deals, which are typically worth more than $500 million, are key revenue drivers for IT services companies. In June 2024, Wipro announced a $500 million deal with a U.S. communications service provider. The latest deal is for Phoenix Group's ReAssure business where Wipro will work on life and pension business administration.

Atithi Devo Bhava’—which translates to ‘Guest is God.’ However, a recent viral video suggests that not all foreign visitors feel this sentiment in practice. Canadian traveller and vlogger Nolan Saumure has sparked controversy with his candid comparison of hospitality in India and Pakistan. In a short interview with Instagram user @officialnamour, Saumure was asked which country offers better hospitality. Without hesitation, he replied, «Pakistan, obviously.» His remark has set social media ablaze, drawing both agreement and criticism from viewers.

Rajiv Gauba as full-time member of NITI Aayog with immediate effect and Sanjay Kumar Mishra, the former head of Enforcement Directorate, as the full-time member of the Economic Advisory Council to the PM (EAC-PM). Both these appointments were notified on Tuesday. While Gauba is the retired 1982-batch IAS officer from the Jharkhand cadre who served as a cabinet secretary for five years from 2019 to 2024, Mishra is a 1984-batch Indian Revenue Service (IRS) officer from Uttar Pradesh. “NITI Aayog welcomes Shri Rajiv Gauba. His vast experience and excellence in public administration will be pivotal in spearheading policy-making and implementation,” the Aayog tweeted on Thursday. Gauba will join the league of four existing full-time members of the Aayog including VK Saraswat, VK Paul, Ramesh Chand and Arvind Virmani. While the prime minister is the chairman of the Aayog, Suman Bery is the vice chairman of the Ayog which was set up in 2015 replacing the erstwhile Planning Commission. With the appointment of Mishra, the EAC-PM will now have three full-time members, the other two being Sanjeev Sanyal and Shamika Ravi. The other part-time members of EAC-PM include Rakesh Mohan, Sajjid Chinoy, Neelkanth Mishra, Nilesh Shah, TT Ram Mohan and Poonam Gupta.

Ashok Leyland said on Wednesday that its electric bus unit Switch Mobility could shutter one of its British plants, which would swing the unit's UK operations to profitability «soon». The company said it would review the feasibility of the plant in Sherburn, North Yorkshire in a consultation process with employees, which could lead to the plant being closed, amid continued uncertainty in the sector. The plant accounted for 0.60% of Ashok Leyland's total sales in the fiscal year ended March 2023, the company said.

Delhi High Court on Wednesday asked Natco Pharma to maintain status quo on the launch of its drug Risdiplam till April 2. Risdiplam is an oral medicine for spinal muscular atrophy in patients two months of age or older. A Division Bench led by Justice Hari Shankar asked Hyderabad based generic drug manufacturer to hold on its hands till it heard the case on April 2. Swiss multinational F. Hoffmann-La Roche AG's had appealed against a single judge order that had refused to stop Natco Pharma from manufacturing Risdiplam in India for the rare disease.

Tribhuvan Sahkari University' in Gujarat's Anand with an aim to create a qualified manpower for co-operative societies. The university has been named after Tribhuvandas Kishibhai Patel, who was one of the pioneers of cooperative movement in India and instrumental in laying foundation of Amul, Minister of Cooperation Amit Shah said during a debate on the «Tribhuvan» Sahkari University Bill, 2025.

Nestle India has been handed a penalty of Rs 69.45 lakh by the Commissioner of Customs (Appeals) in Mumbai, the company said in an exchange filing on Wednesday. The penalty stems from a customs duty dispute, with the company having initially filed an appeal against a decision by the Deputy Commissioner of Customs. However, the appellate authority upheld the original order, confirming the demand for the custom duty amount of Rs 69.45 lakh, along with the same amount as penalty.

super rich Indians wish to leave the country due to factors like living conditions here, better standard of life abroad and also easier business environment in other countries, a survey said on Wednesday. The survey of 150 ultra high networth individuals said that the US, UK, Australia, Canada and even UAE due to its golden visa scheme are the favourite destinations where the rich prefer to settle down. Kotak Private, a leading wealth manager in the country which undertook the survey in association with consultancy EY, said 25 lakh Indians migrate to other countries every year as per the foreign ministry. «One in five ultra HNIs surveyed are currently in the process of or plan to migrate,» the survey findings said, adding most of them intend to reside in their host country of choice permanently while retaining their Indian citizenship.

Britannia, Kaynes Energy and Gokaldas Exports have committed to invest Rs 3,700 crore in the state during an investor connect meeting held in Bengaluru on Wednesday. The proposals have come from companies in sectors such as engineering, textiles, electronics, IT/ITeS, food processing and green fuel, state officials said. The state government also signed memorandums of understanding with Nasscom, India Electronics and Semiconductor Association and TiE Bangalore to explore investment opportunities and generate employment in information technology, startup and semiconductor sectors in the state, they said.

Medium-Term Government Deposit (MTGD) and Long-Term Government Deposit (LTGD) components of the Gold Monetization Scheme (GMS), effective March 26, 2025, as per an Reserve Bank of India (RBI) press release as on March 25, 2025.

Bharat Forge Limited and Tata Advanced Systems Limited to enhance the Indian Army’s artillery capabilities. These deals, worth approximately Rs 6,900 crore, will provide the Army with 155mm/52 calibre Advanced Towed Artillery Gun Systems (ATAGS) and High Mobility Vehicle 6x6 Gun Towing Vehicles. The signing ceremony took place on 26 March 2025 in New Delhi, in the presence of Defence Secretary Rajesh Kumar Singh. With this procurement, the MoD’s total capital contracts for the financial year 2024-25 have reached Rs 1.40 lakh crore. The event also saw the Defence Secretary felicitate the Project Director of ATAGS from the Defence Research and Development Organisation’s (DRDO) Armament Research and Development Establishment, Pune, in recognition of his role in the project’s success.

Subscribe to enjoy similar stories. Whether giving up the Google Tax will get India reprieve in the tariff war that US President Donald Trump has promised to unleash on the world at large remains to be seen. The Google Tax, officially, an equalization levy on foreign service firms, does not generate much revenue.

Subscribe to enjoy similar stories. VerSe Innovation, the parent of news aggregator Dailyhunt and short-video app Josh, expects to break even in the next three to four months and turn profitable in FY26 after reducing losses and improving cost efficiency, co-founder Umang Bedi told Mint in an interview. “The primary focus is to break even in the next few months," Bedi said.

Subscribe to enjoy similar stories. Ahead of implementing reciprocal tariffs on major trading partners, US President Donald Trump announced another trade offensive: countries buying Venezuelan oil and gas would have to pay a 25% tariff on goods exported into the US. India is one of the buyers of Venezuelan oil but its purchases are tiny compared to those of the US and China.

Director General of Foreign Trade Santosh Kumar Sarangi said that exporters should tread the path pragmatically and wisely to navigate the current global trade contours. He also said that the current scenario presents a «golden» opportunity for India to do a variety of things which will propel exports and increase manufacturing competitiveness. Despite the «uncertainties relating to trade and tariff, our exports are bound to grow in future years,» he said at the Sourcex India 2025 show. It was organised by the Federation of Indian Export Organisations (FIEO). US President Donald Trump has imposed reciprocal tariffs or import duties on countries like China and has pledged to impose these levies on India also on April 2. Certain exporters have raised concerns that imposition of duties by the US on sectors like engineering and pharma will hurt shipments to America, which is the largest trading partner of India.

Apple will host its Worldwide Developers Conference (WWDC) from June 9 to June 13. The keynote will be at Apple Park, followed by developer sessions throughout the remainder of the week. WWDC 2025 expectations At last year's conference, Apple introduced several AI-powered features, including new abilities such as rewriting emails and summarising a cluttered inbox.

Bill Gates, those fears might not be entirely unfounded. Gates has warned that AI will render many jobs obsolete in the coming years, automating roles across multiple industries. But amid the uncertainty, he has identified three professions that will likely survive the AI revolution—at least for now.

These high-performing stocks that rallied more than 10% during the session included, Genus Paper Boards(13.28%), Looks Health Services(12.68%), India Finsec(10.32%) and Pil Italica Lifestyle(10.03%).

Shark Tank India judge Anupam Mittal recently shared his perspective on career advancement, challenging the traditional notion that promotions are tied to tenure. “Someone asked me—‘What’s the best way to get promoted at work?’” Mittal recalled. “It got me thinking—when and why should someone really get promoted?” The founder & CEO of People Group, has played a key role in shaping successful brands like Shaadi.com, Makaan.com, and Mauj Mobile. He has also backed over 200 tech and consumer brands. He explained that the old model—where simply staying in a job for years led to promotions—is now obsolete. Instead, success in today’s fast-paced world depends on three key factors:

Association of Mutual Funds in India (AMFI). Effective investment advice and handholding can play a significant role in shaping investment behavior, and it is likely that the growing pool of knowledgeable and experienced distributors has contributed to the increasing trend of long-term investing among women, the study highlighted. Also Read | NFO Insight: This EV ETF from ICICI Prudential Mutual Fund is now open for subscription. Will it electrify your portfolio?