India Financial News

Upcoming cars in India)Maruti Suzuki offers the Baleno while facing competition from Hyundai's i20 and the i20 N Line. Tata Motors presents the Altroz and its sportier variant the Altroz Racer.

Subscribe to enjoy similar stories. Gen Z in India is falling flat for re-released romantic films, never mind if some of them were flops of yesteryear. While there have been re-releases galore in cinemas over the past few months, there is a significantly higher draw for romantic dramas, including flops such as Laila Majnu, Rockstar and Sanam Teri Kasam.

Subscribe to enjoy similar stories. Earlier this year, the National Statistical Office (NSO) released the report for the Household Consumption Expenditure Survey (HCES) for the period August 2023 to July 2024. This is the second in the series of HCES data after the HCES 2022-23, for which a fact sheet was released just before the announcement of general elections in 2024.

Vageshwari Properties, an entity that counts Reliance Industries' board member and executive director Nikhil Meswani's wife Elina as a director, has acquired Laxmi Nivas, an iconic bungalow located on south Mumbai's plush Nepean Sea Road, for over ₹276 crore. The over 120-year-old sea-view property situated diagonally opposite the Russian consulate has a total built up area of nearly 19,892 sq ft spanning across ground plus two upper floors. The sellers had acquired the bungalow spread over around half-an-acre from a Parsi family for about ₹1.2 lakh in 1917. The bungalow, built in 1904, holds significant historical importance, having served as a safe house for prominent freedom fighters during the 1940s Quit India movement. Notable figures such as Ram Manohar Lohia, Jayaprakash Narayan, Achyut Patwardhan and Aruna Asaf Ali sought refuge here. It also functioned as a broadcasting centre for Netaji Subhash Chandra Bose's Azad Hind Radio during this period.

French Embassy in Dhaka has strongly denied allegations that it supported the Bangladesh interim government's criticism of former US Congresswoman Tulsi Gabbard. The embassy called the claims «ridiculous, baseless and intellectually weak.» Reacting to a post on social media, the French Embassy in Dhaka stated, «How ridiculous, baseless and intellectually weak statement @kawsarc @mainul_haque @carmel_trish.» The post has been deleted after it went viral.

recession talk in the United States is growing louder with each passing day and this will be completely driven by President Trump's upending of tariff structures. A recent Reuters poll found that 95% of economists across Canada, the US and Mexico thought the risk of a recession in their respective countries had increased following Trump's tariff rollout. Going by his talk, the President is not going to relent anytime soon. In fact he is doubling down on his rhetoric to impose reciprocal and sectoral tariffs on various countries come April 2. India, this time, will be on the receiving end.

Xiaomi Technology India is held up as of December-end as local authorities have attached a few of its bank accounts, its Chinese parent said, underlining that the smartphone maker is open to enter into settlement negotiations. The wholly owned unit of Xiaomi Corp has been facing investigations and notifications by multiple authorities since December 2021. These include the income tax department, Directorate of Revenue Intelligence, and Directorate of Enforcement. These are in relation to compliance of income tax, Customs duties and foreign exchange regulations. Xiaomi Corp in its 2024 earnings report said the cases in India are currently in the hearing stages and not yet concluded, adding that it can receive judgments or enter into settlements that may adversely affect operating results or cash flows.

The men sprayed black paint on the signboard and pasted Maharana Pratap's posters over it, while raising slogans of «Jai Bhavani.» They also demanded the police to take action against the people who allegedly vandalized the statue of Maharana Pratap at the Kashmere Gate ISBT. «India will not tolerate the insult of Maharana Pratap. The police administration and the Delhi government are trying to suppress the incident that happened at ISBT Kashmiri Gate. Those who are guilty should be arrested, and immediate action should be taken against them,» Amit Rathore, one of the man said. Another man, Vijay said that they are continuously removing the signboards of invaders like Akbar, Babur and Humayun.

Authentic Brands Group (Authentic), a global brand development and licensing platform, said it has partnered Brand Concepts Ltd., to launch Juicy Couture bags and accessories in India. Juicy Couture, a brand known for its trendy fashion, bold use of colors and glamorous aesthetic appeals to a young, fashion-conscious audience, it said. “We are delighted to have been granted the license for Juicy Couture's Handbags and lifestyle accessories in India," said Abhinav Kumar, cofounder and CEO of Brand Concepts Ltd. «Our expertise in curating and delivering premium fashion accessories aligns seamlessly with Juicy Couture's reputation for style. The Indian demographic, with its growing aspiration for high-quality and iconic brands, makes this partnership particularly exciting. We are honoured to be Authentic’s trusted partner in bringing this distinguished brand to a market that values both elegance and opulence. We are confident this partnership will resonate deeply with the discerning Indian consumer.”

invest in Indian fixed income, according to Saurav Ghosh, a fixed income expert and co-founder of Jiraaf. In an interaction with ET Markets, Ghosh stated that he sees a strong opportunity for investors to lock in attractive yields ahead of anticipated rate cuts by the Reserve Bank of India (RBI). “Right now is a great time to invest in Indian fixed income given that equity markets are obviously highly-highly volatile. Right now global economic markets both because of the US is obviously very-very uncertain, so Indian fixed income with its stability is a great asset class to have in your investment portfolio,” he said.

Rakshit Ranjan, Portfolio Manager, Marcellus Investment Managers, says in the last 8 to 10 months, they have started taking more rural exposure given that area of the economy is likely to do better. Marcellus has increased exposure to healthcare through hospitals and diagnostics. They have also increased exposure to industries where large unorganised to organised potential exists along with company-specific strengths. Finally, a high exposure to exports of products and services based on IP, is where they have increased exposure. Marcellus has also retained high quality financials, including lenders and insurers in the broader portfolio. In the last three sessions, we are seeing some good moves, good recovery coming in the market. On Wednesday, we broke above the 22,900 levels. Are we fairly priced now? The valuations are getting better as far as India is concerned. We are now trading approximately at 18.5x which is now less than the 10-year average. We are now below the 5-year historical average also. Are we really priced to perfection now? Do you see the green shoots coming back? Rakshit Ranjan: Certainly.

Paradeep Parivahan IPO managed to sail through on the last day of the bidding process. The overall subscription stood at 1.5 times with retail investors leading the bids. The company will finalise the share allotment process later today. Investors can check Paradeep Parivahan IPO allotment status through BSE and also via the registrar's website.

UPI transactions, which are valued at less than Rs 2,000 and are made to small merchants, the acquiring bank and other involved stakeholders will be eligible for an aggregate incentive at the rate of 0.15% per transaction value. According to the circular, “the scheme, which has an outlay of around Rs 1,500 crore for 2024-25, will have the government pay incentive to the acquiring bank (Merchant's bank) and thereafter shared among other stakeholders, namely issuer bank (Customer's Bank), Payment Service Provider Bank (facilitates onboarding of customers on UPI apps and API integrations), and App Providers (TPAPs). As per NPCI (National Payments Corporation of India), P2PM merchants, or small merchants, are those who have a projected inward UPI transaction value of less than or equal to Rs 50,000 per month.

Subscribe to enjoy similar stories. Fevicol-maker Pidilite Industries Ltd has held up relatively well amid the recent market downturn. While the benchmark Nifty50 index has dropped 3% so far in 2025, Pidilite’s stock has slipped by 6%, cushioned by the company’s ability to sustain healthy volume growth despite a challenging demand environment.

Hyundai Motor India shares will be in focus on Thursday after the company announced a price hike of up to 3% across its models from April 2025, citing rising raw material and operational costs. The price hike will vary depending on the model, the company said. This is Hyundai's second price hike since its initial public offering (IPO) in October. It raised prices by up to Rs 25,000 across models in December.

Axis Bank has introduced revisions to terms and benefits of Axis Bank Vistara Credit Card. The changes will be effective for all Axis Bank Credit Cards, due for renewal starting April 18, 2025. As part of this transition, Axis Bank has waived the annual fee for renewals while discontinuing certain travel-related perks such as complimentary Maharaja Club tier memberships and milestone ticket vouchers. Cardholders will continue to earn Maharaja Points on eligible transactions and enjoy premium benefits like lounge access, dining discounts, and golf privileges. This article provides a detailed breakdown of the changes, how they impact cardholders, and what to expect going forward.

Subscribe to enjoy similar stories. The much-anticipated telephone call between US President Donald Trump and Russia’s President Vladimir Putin to discuss a ceasefire in Ukraine, as well as chart out a path for a lasting peace formula, turned out to be sub-optimal and weighed down by variables antagonistic to a meaningful deal. The tentative deal reached after a marathon 150-minute call has placed energy infrastructure out of bounds, but allowed broader hostilities to continue.

Subscribe to enjoy similar stories. Life Insurance Corporation of India (LIC) wants the Reserve Bank of India (RBI) to issue sovereign bonds with a 100-year tenure. The state-run insurer’s chief Siddhartha Mohanty has said that LIC is in discussions with RBI on the idea.

Subscribe to enjoy similar stories. Indian Railway Finance Corp Ltd: Buy at ₹128.10 | Target ₹150-155 | Stop loss ₹ 116.80 On the hourly chart, the IRFC stock has formed reverse head and shoulder also stock is trading above multiple moving averages (20/50/100/200) macd also on positive side.

Subscribe to enjoy similar stories. The Murugappa Group-owned Coromandel International Ltd is betting on its acquisition of NACL Industries Ltd to strengthen its domestic formulations business, Latin American presence and create synergies to establish a foothold in contract drug manufacturing, according to managing director S. Sankarasubramanian.

Subscribe to enjoy similar stories. 1. AMI Organics Ltd: Current market price: ₹2,359.50 | Buy range: ₹2,330–2,370 | Profit goal: ₹2,900 | Stop loss: ₹2,110 | Time frame: 2–3 months 2.