India Financial News

Subscribe to enjoy similar stories. The government over the weekend withdrew its 20% duty on onion exports. This relieves Indian farmers, who have often run into export constraints just as prices have risen to let them reap rewards.

Subscribe to enjoy similar stories. SBI: Buy at ₹753 | Target ₹778-785 | Stop loss ₹ 744 SBI is showing strong bullish signs on the hourly chart. The MACD indicator is positive, which tells us that the stock has good upward momentum.

Subscribe to enjoy similar stories. New Delhi: The Central government has authorized the Pharmacy Council of India (PCI) to check the attendance data of officials, faculty and students with pharmacy colleges after coming across multiple cases of people using fake IDs.

Subscribe to enjoy similar stories. Three judges from three different high courts will investigate the case of a pile of half-burnt currency notes found at the residence of Delhi high court judge Justice Yashwant Verma. Meanwhile, Verma has been relieved of his duties.

«Nifty has recovered 6.3% in the last three weeks indicating value buying at lower levels. We expect this upward momentum to continue, on the back the foreign institutional investors’ return to the Indian market amid attractive valuations and signs of economic recovery,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal Financial Services.

Fractal Analytics, a Mumbai-based artificial intelligence company, has proposed to build India’s first large reasoning model (LRM) at a total project cost of Rs 118.8 crore. In a proposal to the IndiaAI Mission, Fractal has sought an external funding of Rs 76.6 crore from the government for the initiative. The proposed LRM series will include a small model (2-7 billion parameters), medium model (20-32 billion parameters) and a large state-of-the-art model (70 billion parameters) with up to 1 trillion training tokens.

debt markets last week to raise up to $1.25 billion between them through US dollar bonds as global investors seek exposure to India's growth. Renewable energy firm Greenko Energy Holdings raised around $1 billion from investors, while Muthoot Finance raised $250 million. Greenko's bond was priced at 7.25%, tighter than the initial 7.62% target. The bond, issued under a dual Reg S and Reg S 144A structure, is backed by Greenko Wind Projects (Mauritius) and drew over $3 billion in investor interest. However, the company opted to retain $1 billion, according to two sources.

peer-to-peer lending industry has slumped to a major slowdown with most of the large players in this space staring at an uncertain future, after the Reserve Bank of India came down heavily on the sector last year for not properly abiding by regulatory guidelines. The P2P sector’s assets under management (AUM) have shrunk to less than Rs 3,000 crore from around Rs 10,000 crore a year back, according to two founders of P2P lending startups, who spoke on the condition of anonymity. “There are hardly any new loans that are being done by the platforms; most of the large platforms have stopped onboarding so business is staring at a major uncertainty,” said one of the founders.

US tariff war, said Ronald O'Hanley, chairman and chief executive officer of State Street, one of the world's largest custodian banks and asset managers. In an interview with Nishanth Vasudevan during his visit to Mumbai last week, Boston-based O'Hanley spoke about the US economic outlook, China and India's instant equity trade settlement plans among various topics. Edited excerpts: There seems to be a lot of uncertainty among investors around the tariff war ignited by the US. What is your reading?

HCL-Foxconn joint venture has begun talks with Larsen & Toubro (L&T) as well as Taiwanese major CTCI as it looks to onboard an EPC (engineering, procurement and construction) partner for its upcoming outsourced semiconductor assembly and testing (OSAT) facility, people aware of the development told ET. EPC companies essentially handle projects from the initial design and engineering to construction and completion stage. «Since Foxconn's semiconductor group head was in India, HCL arranged a meeting with EPC vendors like L&T and CTCI, who have worked extensively with Foxconn,» one of the people cited earlier said. «It took place as a preliminary discussion to see who could be the partner for the facility, going forward, because HCL-Foxconn are hoping to receive Cabinet approval by the end of this month.»

mutual funds (MFs). According to the latest Reserve Bank of India data, investments in MFs more than doubled from ₹62,499 crore in March 2024 to ₹1.41 lakh crore in January 2025. Significantly, these investments have picked up at a time when their core business of lending is slowing down. Banks’ investments in MFs had risen from ₹48,810 crore in March 2023 to ₹81,790 crore in January 2024.

left ventricular assist devices (LVADs), which help the heart pump blood, people familiar with the matter told ET. This will help patients with end-stage heart failure as they wait for a donor heart. According to government estimates, every year, some 50,000 patients in India need a heart transplant, but only about 200 such operations are done because of shortage of donor hearts. The average wait time for a heart transplant is about 36 months. Also, an imported LVAD could cost anywhere between ₹70 lakh and ₹1 crore. Surgery and post-treatment care are added expenses.

Subscribe to enjoy similar stories. Mumbai: Bajaj Finserv Ltd. expects significant growth in its financial services business over the next 15-20 years, driven by greater penetration of financial products and rising per capita income.

Subscribe to enjoy similar stories. Tiny, niche back offices for high-tech, specialised work are being set up by new-age companies in India at an increasing pace, a trend that experts believe has the potential to take the global capability centre (GCC) wave to the next level in the country. According to industry insiders, companies such as M31, d-Matrix, and MemryX, among several others, are increasingly setting up focused ‘nano’ GCCs in India.

Subscribe to enjoy similar stories. The Cabinet’s approval of ₹1,500 crore incentives for FY25 to promote low-value unified payments interface (UPI) transactions is certainly a disappointment for investors in One97 Communications Ltd stock—Paytm’s parent company. The stock has been in focus lately in anticipation of this development.

Subscribe to enjoy similar stories. 1. Apollo Micro Systems Ltd - Current market price: ₹125.18 | Buy range: ₹123–126 | Profit goal: ₹155 | Stop loss: ₹112 | Timeframe: 2–3 months.

Subscribe to enjoy similar stories. Indian trade officials are pushing their American counterparts to stitch their recent critical minerals deal into an upcoming trade agreement, two people aware of the discussions said, a tweak that may unlock US tax benefits for electric vehicles and batteries using these scarce resources.

Amazon India will eliminate referral fees on over 12 million products priced below Rs 300 from April 7, in its largest seller fee reduction till date, to support small businesses selling on the platform. The fee waiver will apply across more than 135 product categories including apparel, shoes, jewellery, grocery, home décor, beauty, toys, and kitchen products. Currently, referral fees – a commission sellers pay Amazon on each sale – range from 2% to 16% in these categories. The Indian arm of the ecommerce major also announced a reduction in national shipping rates for sellers using external fulfilment channels like Easy Ship and Seller Flex to Rs 65 from Rs 77. It will also cut weight handling fees for items under 1 kg by up to Rs 17.

Indian promoters to form investment companies abroad. The banks fear such offshore entities are intended to sidestep the curbs on foreign currency remittance and undertake activities which are against the spirit of overseas investment regulations. At least two leading private sector banks have stalled overseas direct investment (ODI) proposals by Indian entities to set up overseas non-banking finance companies (NBFCs), two persons familiar with the discussions with the banks told ET.

borderless world' was first propagated by Kenichi Ohmae, author of The Mind of the Strategist, in the 1990s. He predicted an era in which national boundaries would become less significant, and the free flow of goods, services, capital and information would define global trade and commerce. His theory embodied the zeitgeist of late 20th-century trade. The dawn of the 21st century appeared to vindicate his foresight, with trade liberalisation, tech breakthroughs, and MNCs propelling the globe toward economic interdependence. But the question now is whether idealism survives the political opportunism. The Trump administration's tariffs and economic nationalism raise the question of whether the era of a borderless world is coming to an end. With political slogans such as 'America First', and MAGA, Trump seeks to recalibrate trade dynamics by imposing punitive tariffs on imports from countries like Canada, Mexico, India and China.

Aston Martin Vanquish has gone on sale in India, priced at ₹8.85 crore, ex-showroom. Aston Martin brought back the Vanquish model after a 6-year wait and the grand tourer made its global debut in September 2024.