India Financial News

IFCI. Bhave, serving as Deputy Managing Director, has been appointed as MD and CEO for three years from the date of taking over, a government order said. The appointment has been approved by the Appointments Committee of the Cabinet (ACC), headed by the Prime Minister. The Industrial Finance Corporation of India (IFCI) was set up by the government on July 1, 1948, as the first development financial institution in the country.

real estate market recorded 19,012 property registrations during the month of February 2025. On a yearly basis, registrations remained steady, with a modest 1% year-on-year growth while on a month-on-month analysis registrations increased by 9%, showed data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra. Pune’s housing demand continues to be supported by ongoing infrastructure development, its relative affordability compared to other major cities, and strong homebuyer sentiment. The city generated over Rs 712 crores in stamp duty collections from property registrations in February, marking a 7.6% on-year and 12% sequential rise. This increase in stamp duty revenue was driven by a higher share of transactions involving properties priced at Rs 1 crore and above.

As per the statement, the collaboration will give fans greater access to the franchise and players, offering behind-the-scenes content and Rajasthan Royals merchandise. “Our fans are the heartbeat of Rajasthan Royals, and we are always looking for new ways to bring them closer to the team. Partnering with FanCode helps us do just that—giving fans more ways to engage, whether through exclusive content, behind-the-scenes access, or official Royals merchandise,” said Jake Lush McCrum, CEO, Rajasthan Royals. FanCode Shop will oversee the end-to-end operations of the team’s official merchandise, including designing, manufacturing, marketing, and distribution. The collection will feature official jerseys, accessories, and a wide range of fan apparel including polos, t-shirts, joggers, and shorts. Special customised jerseys, where fans can get names of their favourite player, or their own name printed will also be made available. This initiative aims to offer fans high-quality, affordable merchandise that reflects the Royals’ vibrant identity. To enhance offline accessibility, a special FanCode Shop kiosk will be set up at WTP Mall in Jaipur, where a dedicated ‘Royals Corner’ will allow fans to explore and purchase official team merchandise in person. In-stadia sales across Guwahati and Jaipur, where Rajasthan Royals play their home matches, will also be facilitated by FanCode Shop.

Directorate General of Civil Aviation (DGCA). The number of domestic passengers flown by the Indian airline in February 2024 was recorded at 126.48 lakh, data show. During the month under review, IndiGo flew a total of 89.40-lakh passengers with a market share of 63.7 per cent, followed by the Air India Group, which transported 38.30 lakh passengers and chipped away with 27.3 per cent market share. Air India last year completed consolidation of its airlines business with AIX Connect merging into Air India Express in October and Vistara's merger with Air India on November 11.

non-resident Indians (NRIs) those who claimed benefit of lower or nil rate of taxation under the Double Taxation Avoidance Agreement (DTAA) are receiving income tax notice(s) for failing to file Form 10F. The Income Tax Act, 1961, allows NRI taxpayers to declare their income and file ITR by applying for lower or nil rate of income tax (in some cases) under DTAA. For availing the benefit of lower or nil taxes under DTAA, NRIs must submit a Tax Residency Certificate (TRC) and Form 10F. This form could be filled any time before filing Income Tax Return (ITR). As per the existing Indian tax law, there is no deadline to file Form 10F and it can be filed electronically by all NRIs who may or may not have a PAN card. The mentioned income tax notice given to NRIs read as follows: “Incorrect claim u/s 143(1)(a)(ii): Adjustment to total income has been done as per Schedule Capital gains & Special Income, and for this DTAA benefit is to be claimed then relevant statutory form shall be filed. This required adjustment to the income within the meaning of Section 143(1)(a) and accordingly this is an opportunity provided to respond within the time allowed.”

Subscribe to enjoy similar stories. Unsure yet strategic, vigilant yet cautious, passionate yet level-headed: Gen Zs are carefully orchestrating their moves as they prepare to enter the job market. A new report by talent management platform Unstop sought opinions of over 30,000 freshers and 700 recruiters across India to evaluate the landscape of job markets for fresh graduates.

Transformers & Rectifiers(India)Ltd.(up 9.76%), Inox Wind Energy Ltd.(up 8.77%), Orient Green Power Company Ltd.(up 6.52%), GE Vernova T&D India Ltd.(up 4.97%), SJVN Ltd.(up 4.57%), Voltamp Transformers Ltd.(up 4.22%), NLC India Ltd.(up 3.84%), Reliance Power Ltd.(up 3.76%), Kalpataru Projects International Ltd.(up 3.68%) and GMR Power and Urban Infra Ltd.(up 3.48%) stood among the top gainers.

Hangor-class submarine to Pakistan, strengthening their long-standing military alliance. The submarine, launched in Wuhan, China, is part of a $5 billion deal for eight such vessels, aimed at enhancing Pakistan’s naval prowess in the Arabian Sea and the Indian Ocean. Armed with cutting-edge weaponry and sensor technology, the Hangor-class submarines signify a shift in regional maritime security dynamics. This naval cooperation aligns with China’s expanding strategic influence, particularly around Pakistan’s Gwadar port in Balochistan, a linchpin of the China-Pakistan Economic Corridor (CPEC). Beijing’s support to Islamabad extends beyond submarines—Pakistan has also received advanced naval frigates, reconnaissance drones, and fighter jets from its closest ally.

Subscribe to enjoy similar stories. New Delhi: The India Meteorological Department (IMD) is enhancing its forecasting capabilities by developing a high-resolution model that will increase its current 12-km grid spacing to 6 km by 2026. This move aims to improve weather predictions at the panchayat level, offering farmers more precise forecasts.

Subscribe to enjoy similar stories. A journalistic investigation into the murder of Gauri Lankesh in September 2017 and the many questions that swirled around it, which doubles up as a frank but sensitive biography of the journalist and activist. A portrait of the city of Bengaluru, warts and all, painted as only someone who loves the city can.

Power Grid Corporation of India, for allegedly taking a bribe of Rs 2.5 lakh from an executive of Mumbai-based KEC International to extend favours to the company, officials said on Friday. Kumar, posted in Rajasthan's Ajmer, was arrested on Thursday along with Suman Singh of KEC International in Sikar where both had agreed to meet for alleged exchange of the bribe amount, they said.

ICC Men’s Champions Trophy 2025 has set new benchmarks in viewership, surpassing all previous multi-nation cricket tournaments in India, including the ICC Men’s Cricket World Cup 2023. The tournament witnessed a staggering 23% increase in TV ratings, reaffirming cricket’s dominance in the country’s sports landscape.

Bharat Heavy Electricals Ltd (BHEL) on Friday said it has secured an order worth Rs 7,500 crore for setting up a unit of 800 MW at Ukai Supercritical Thermal Power Plant in Gujarat. The order has been placed on BHEL by Gujarat State Electricity Corporation Ltd (GSECL), a statement said. The unit will start commercial operation within 54 months. According to the statement, BHEL has secured an order under international competitive bidding, for setting up a 1x800 MW Ukai supercritical thermal power plant (Unit-7) on an Engineering, Procurement & Construction (EPC) basis, in Tapi district, Gujarat.

G Kishan Reddy said on Friday. The Union Coal and Mines Minister added in a post on X that leveraging advanced technologies and efficient mining practices, India has not only boosted production but also prioritized sustainable and responsible mining. He said this remarkable achievement is set to fuel economic growth, support the nation's power needs, and pave the way for a brighter, energy-secure future for all Indians.

Taking to LinkedIn, Elliot Rosenberg shared how a daring move he made 12 years ago changed his life for the better. He explained that while most personal finance experts emphasize strategies such as budgeting expenses, making long-term investments, and establishing multiple income streams to achieve financial independence and early retirement, he recognized a significant challenge: the high cost of living in America. Although inflation played a role in rising expenses, he believed that the real issue lay in “lifestyle creep.” In many social circles, there seemed to be an unspoken expectation to maintain a costly social life—frequenting upscale restaurants, purchasing event tickets, indulging in shopping sprees, or joining expensive recreational clubs. The pressure to sustain these expenditures often dictated friendships and social acceptance.

Bharat Dynamics Ltd (BDL), Bharat Electronics Ltd (BEL), and Astra Microwave Products could advance as much as 31%, ICICI Securities said, reiterating its ‘buy’ ratings on the stocks after the Defence Acquisition Council (DAC) cleared capital acquisition proposals worth Rs 54,000 crore. The brokerage said BDL is likely to benefit directly from the procurement of Varunastra Torpedoes, while BEL and Astra Microwave stand to gain from the Airborne Early Warning & Control (AEW&C) Aircraft Systems order that will boost India’s radar ecosystem.

Subscribe to enjoy similar stories. Shares of steel producers such as SAIL Ltd, Tata Steel Ltd, and JSW Steel Ltd are in focus after the Directorate General of Trade Remedies (DGTR) recommended a safeguard duty on steel imports amid rising global protectionism. The DGTR’s proposal, submitted to the finance ministry, suggests a 12% duty on most steel grades for 200 days, with exemptions for imports priced above $675 per tonne for hot-rolled coil (HRC), $824 per tonne for cold-rolled coil (CRC), and $964 per tonne for coated steel.

Subscribe to enjoy similar stories. I have never eaten at Papa’s in Bandra, Mumbai, the 12-seater chef’s table run by chef Hussain Shahzad that was recently named one of Time magazine’s World’s Greatest Places 2025, but during a recent visit to Veronica’s, above which Papa’s is perched like a secret little hidey-hole, I did get a tour of the space. It was mid-morning, and the chef was prepping for the 13-course dinner he serves Wednesday through Saturday.

Alton Aviation Consultancy. Bullish on aviation prospects in India, Ng said the country, which contributes approximately 10 per cent of Asia Pacific's domestic and international air traffic demand, has already returned to pre-pandemic levels. «Such growing demand in turn supports India's massive aviation development programmes including setting up of 150 airports across the country,» Ng told PTI on Friday. He further noted that «India's passenger traffic is expected to grow at a strong pace of 7 per cent in 2025, supported by an order book of nearly 1,900 aircraft among airlines based in the country.»

Mehta, the bank's former general manager and head of accounts, underwent a polygraph test, also called a lie detector test, last week at the Forensic Science Laboratory (FSL) in Mumbai's Kalina area. However, the result was deceptive and did not yield more concrete information about the use of the fund and the role of other accused persons, he said.

Dwarka Expressway for Rs 282.42 crore. The company will develop approximately 2 million square feet with a total revenue of around Rs 3,200 crore. “Gurugram’s housing market has experienced exceptional growth in recent years, with Dwarka Expressway emerging as India’s fastest-growing real estate corridor,” said Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd.