India Financial News

Air India is exploring a fresh multi-billion dollar order for dozens of widebody jets from Boeing and Airbus, industry sources said, furthering the former state carrier's transformation under new owner Tata Group. The deliberations involve 30 to 40 aircraft split between the Airbus A350 and Boeing 777X models, with one source suggesting the potential deal could exceed 50 jets. Details have not been finalised, the sources added. «Things should become clearer closer to the Paris Air Show (in June),» one of the sources said, asking not to be named.

Nifty 50 crossing the 23,000 mark once again after a month, a mutual fund expert recommends that for investors looking for long-term wealth creation and have a stomach for equity market volatility, large and midcap funds / multicap funds / flexicap funds would be a good bet. “Large and mid-cap funds, multi-cap funds, or flexi-cap funds — for investors looking for long-term wealth creation and who can stomach equity market volatility, these funds would be a good bet, as they provide a portfolio mix across market capitalizations that helps reduce the impact of sharp gyrations in any particular segment of the market,” says Suresh Soni, CEO of Baroda BNP Paribas Asset Management. The expert also recommends that for such investors, where the recent 10% drop has brought the realization that equity investments can go up and down, but who still want a core of equity holdings for its status as the best-performing long-term asset class in India, hybrid equity schemes or balanced advantage funds would definitely be something to carefully consider. And for investors who believe in the dictum, “Don’t put all your eggs in one basket,” a diversified mix of multiple asset classes with low correlation to each other may be a preferred option.

Indian rupee hit a near two-month high on Thursday, boosted by dollar sales by foreign banks and the culling of bearish wagers as seasonal inflows propped up the currency. The rupee touched a high of 86.2075, its best since January 24, marking a 1.2% appreciation over the past seven trading sessions. The currency was last quoted at 86.29, up 0.2% on the day.

Yogi Adityanath on Thursday said glorifying invaders who attacked India's heritage and dishonoured its people was equivalent to treason, which the 'new India' will never accept. Amid the ongoing controversy over demands to remove Mughal ruler Aurangzeb's tomb in Maharashtra's Chhatrapati Sambhajinagar district, Adityanath warned against celebrating historical figures who sought to destroy Sanatan culture. Addressing a public gathering in Bahraich, Adityanath said, «Glorifying invaders means strengthening the very roots of treason. New India will never accept those who insult our great ancestors and praise those who attacked our civilisation, violated our women, and struck at our faith.» «When the entire world is acknowledging India's rich heritage, it is the duty of every citizen to uphold respect for our great leaders, and not eulogise those who sought to erase our identity,» he added. Adityanath's remarks came as he spoke on the recently-concluded Maha Kumbh in Prayagraj, which he called «the largest human congregation ever witnessed». He also referred to Narendra Modi's recent speech in Parliament, in which the prime minister praised Uttar Pradesh for hosting the event for which «over 66 crore devotees» gathered at the confluence of Ganga, Yamuna and the mystical Saraswati.

Pre-seed venture fund All in Capital, which has backed startups such as Giva, Newme, PierSight Space, and Seekho, has launched its second fund with the target of raising Rs 200 crore, along with a greenshoe option for another Rs 100 crore. The venture capital firm, founded by former Upgrad executive Kushal Bhagia with Aditya Singh, has already marked the first close of fund II at Rs 85 crore, securing investments from Indian tech founders, family offices, and a few institutional funds of funds across India and overseas. It plans to announce the final close by the end of this year. Through this fund, the Bengaluru-based firm plans to invest in 50 startups over the next three years, with an average cheque size of up to Rs 5 crore.

If you’re planning to visit Japan soon, be prepared to adapt to this unique system, where cleanliness is maintained through personal responsibility and a deep respect for the environment. But why does Japan follow this system?

Bitcoin Reserves are currently the talk of the town. These new-gen reserves around crypto assets shows the on-going paradigm shift in financial technology, and its adoption worldwide utilized in stabilizing national funds. Governments can now validate the proof of digital assets for the public and at the same time diversify portfolios, mitigating risks associated with traditional market risks. This approach has gained traction globally, with recent developments in the United States potentially influencing other nations and maybe can do the same in India.

Delhi High Court has held. The high court said qualified wives, having an earning capacity but desirous of remaining idle, should not set up a claim for interim maintenance. «Section 125 (order for maintenance of wives, children and parents) of the CrPC carries the legislative intent to maintain equality among the spouses, provide protection to the wives, children and parents, and not promote idleness» Justice Chandra Dhari Singh said in an order on Wednesday. The court passed the order while dismissing a woman's plea challenging a trial court's order denying her interim maintenance from her estranged husband. The court, however, encouraged the woman to actively look for a job to become self-sufficient as she already got wide exposure and is aware of the worldly affairs unlike other women who are not educated and completely dependent upon their spouses for basic sustenance. The couple got married in December 2019 and left for Singapore. It was alleged by the woman that owing to the cruelties done to her by her husband and his family, she returned to India in February 2021.

The Trump administration appears to be breaking from that order, with foreign and economic policies that have challenged U.S. allies, undercut some multilateral institutions and used tactics such as tariffs. While it is unclear what will eventually emerge, interviews this month with more than a dozen senior bankers, investors and officials based in Asia showed that they are not waiting to find out. They are looking for an 'America plus 1' strategy, which reduces their reliance on the United States going forward.

In IPL 2024, Kolkata Knight Riders (KKR) lifted their third title with a dominant bowling attack, where five bowlers claimed 17 or more wickets. As teams prepare for the challenge, the competition for the Purple Cap—awarded to the tournament’s highest wicket-taker—is expected to be fierce. The accolade is more than just a statistic; it highlights the impact bowlers have in their team’s journey toward the playoffs and beyond. With a mix of experienced pacers and rising stars, IPL 2025 will see another competitive race for the Purple Cap. Here are the top 10 contenders for the IPL 2025 Purple Cap

Nitin Gadkari, Minister for Road Transport & Highways emphasized the nation's commitment to reducing logistics costs from the current 14-16 per cent to single digits, positioning India to compete effectively with global economic powerhouses like China and the US, at 32nd Convergence India & 10th Smart Cities India Expo. This year's expo features advancements in 5G & 6G, Artificial Intelligence (AI), Big Data, IoT, Cybersecurity, Augmented & Virtual Reality (AR/VR), Embedded Tech, Fintech, Urban Mobility, and Smart City Solutions. Attendees will also have access to the latest developments in Digital Gaming, Mobile Devices & Accessories, OTT Platforms, Security & Surveillance, E-commerce, Mobile Apps, Drone Technology, and more.

IndiGo have zoomed 7.9% in just 2 days to hit their new all-time high of Rs 5,187 on the BSE after the airline company shared its ambitious roadmap for FY30. IndiGo, in its investor presentation, shared that it anticipates carrying 118 million passengers in FY25, with early double-digit growth projected for FY26. The airline also aims to expand its network by adding 14 new destinations in FY26, further enhancing its domestic and international reach.

Akasa Air, with top executives privately criticising Boeing for delayed plane deliveries and scrambling to assuage hundreds of anxious pilots who remain idle without work. Troubles at Akasa, backed by an Indian billionaire's family, are among the starkest examples of how Boeing's woes are crippling airlines globally and having a ripple effect on their planned expansions. The Mumbai-based low-cost airline, which started operations about three years ago, has a fleet of 27 planes, but has 226 jets — all Boeing 737 MAXs — on order. Deliveries have been delayed as Boeing's 737 programme faced regulatory scrutiny after a mid-air cabin panel blowout last year and suffered from the effects of a seven-week workers' strike.

Virat Kohli will hope to make it 18th time lucky as he embarks this weekend on his latest quest to finally win the Indian Premier League while a 13-year-old could make tournament history. The high-octane T20 competition sees the 10 teams pack 70 league matches into eight weeks before the top four battle for supremacy in the playoffs, culminating in the May 25 final at Kolkata's Eden Gardens. The 36-year-old Kohli, who retired last year from T20 internationals, silenced his critics as India lifted the Champions Trophy this month. But his Royal Challengers Bengaluru (RCB) have never won the IPL, the richest competition in cricket, despite reaching the final in 2009, 2011 and 2016. «It's pretty much come down to just the pure joy, enjoyment, competitive streak and love for the game. And as long as that is there, I will continue to play,» Kohli said this week after speculation about his future.

Thyrocare founder A Velumani recently highlighted the emotional toll of mass layoffs, reflecting on how many individuals celebrate securing jobs with major brands, only to face unexpected job losses later. His remarks came in response to reports that Amazon is planning to lay off 14,000 employees, a significant reduction in its workforce. Many other tech companies like Meta and Alphabet have announced layoffs this year. Thyrocare founder A Velumani in a post on X said: «Imagine how many might have celebrated for getting a campus placement with such brands. Now how many might feel depressed! It is not 10 or 20. 100 or 200. 1000 or 2000. 14000. Do not celebrate too early. Career or business — It’s Marathon Race.»

PTC India on Thursday said it has divested its entire stake in PTC Energy to ONGC Green after receiving the remaining Rs 254 crore as part of the deal. Upon receipt of the total consideration of Rs 1,179 crore, including consideration of Rs 925 crore received on March 4, 2025, from ONGC Green Ltd (OGL), the company announced the completion of transaction of divestment of 100 per cent stake of PTC Energy Ltd to OGL on March 19, 2025, according to a regulatory filing.

old tax regime for FY25 must submit tax-saving proofs to ensure that less tax (due to the tax savings) is deducted from his/her salary and to avoid the hassle of claiming a refund while filing the year's income tax return (ITR). If eligible, one can claim various tax exemptions and deductions under the old tax regime while filing ITR as well; these include HRA exemption, Section 80C, and other deductions. However, many people are unaware that the exemption claimed for leave travel allowance (LTA) in ITR can face detailed scrutiny/questioning by the income tax authorities if the exemption is not claimed through an employer.

PSU stocks will end FY25 on a lackluster note, recording their worst performance of the past three financial years. Nearly 73% or 46 stocks out of 63 analysed by ETMarkets have witnessed a decline of up to 48% so far, and Mazagon Dock Shipbuilders stands tall as the only multibagger in the pack. With just 7 more trading sessions to go, the 63-stock BSE PSU index was down nearly 8% as on Wednesday versus 2.4% gains seen in the BSE Sensex in the same period.

«I am kind of glad that the correction happened. It was a little violent compared to what the market would have expected, but sanity seems to be coming back to some extent,» says Gautam Trivedi, Nepean Capital. Are the markers looking up? It has been a good rebound I would say for the last three days but do not know how long it is going to last. Gautam Trivedi: I still believe that we have seen a huge correction in the market and it was long overdue, people had been forecasting that for 6 to 12 months, and finally when it did happen, it did set up some degree of panic in the market. So, we are in a cyclical slowdown, not a structural one and people are relooking at earnings estimates that mean some downgrades have to come in and there are clearly a few sectors which QSR for example, building materials for example, a lot of these sectors are still struggling with overall sales growth.

Immigration Native Americans represent only 2% of the U.S. population, with the rest of the population having an immigration story. Trump himself has German ancestry on his father’s side, Melania is from Slovenia, Vice President JD Vance has Scots-Irish roots, and his wife is of Indian origin. America has always been a «melting pot,» attracting talent from around the world. The American dream has allowed for success stories like that of Arnold Schwarzenegger, an Austrian bodybuilder who became a leading actor and later California governor. What’s Changed?

Garden Reach Shipbuilders & Engineers shares jumped 8.5% in morning trade on Thursday, adding to the near 20% gain in the previous day after siging an initial pact with PWD Nagaland for Modular Steel Bridges. GRSE signed a Memorandum of Understanding (MoU) with PWD Nagaland to provide eight sets of double-lane modular steel bridges in the state. This agreement is the first of its kind between GRSE and a North Eastern state and is in line with the Government of India’s Make in India initiative aimed at boosting regional development. GRSE's shares were trading at Rs 1780.05 apiece, up 8.5% at 11:15 am. The BSE Sensex was up 0.7%.