India Financial News

Tata Consultancy Services (TCS) has promoted Sudeep Kunnumal as the company’s as the chief human resources officer (CHRO) designate with effect from March 14, the company’s regulatory filing showed. The development comes upon superannuation of his predecessor Milind Lakkad, who was the CHRO and executive vice president for almost six years at the Tata group subsidiary, the filing showed. Lakkad, who joined TCS as a trainee in 1987, spent over 38 years taking up several roles including taking over as the head of Manufacturing Practice in 2006 rising to the ranks to head the Manufacturing Business Group in two years.

Nirmala Sitharaman on Thursday attacked the DMK-led government's move to change the logo of Rupee for the budget. The logo for the budget, released by the government on Thursday carried 'Ru', the first letter of the Tamil word 'Rubaai' which denotes the Indian currency in the vernacular language. «All elected representatives and authorities are sworn under the Constitution to uphold the sovereignty and integrity of our nation. Removing a national symbol like '₹' from the State Budget documents goes against that very oath, weakening the commitment to national unity. This is more than mere symbolism—it signals a dangerous mindset that weakens Indian unity and promotes secessionist sentiments under the pretence of regional pride. A completely avoidable example of language and regional chauvinism,» said Sitharaman in a post on X. The ruling DMK in Tamil Nadu on Thursday stoutly defended its party-led government replacing the Indian rupee symbol with a Tamil letter in its logo for the budget 2025-26, saying there was nothing wrong in using the native language. No rule barred the dispensation from such a move, the party argued. The opposition AIADMK and BJP flayed the MK Stalin-led government over the matter, calling it a ploy to divert public attention from other issues. State Finance Minister Thangam Thennarasu is scheduled to table the budget for 2025-26 on Friday in the TN Assembly.

green projects to boost flow of climate-related financing. The central bank has also proposed to set up a dedicated “on tap” cohort on climate change risks and sustainable finance under its Regulatory Sandbox initiative. Governor Sanjay Malhotra on Thursday said that the lack of bankable green projects slowed the adequate flow of credit and a collaborative approach could address this constraint. «Capacity and expertise constraints limit the ability to appraise and thus finance climate change mitigation. It also enhances the risk of funding such projects. Thus, creation of a common pool of such bankable projects will have multi-fold benefits for the entire ecosystem,» Malhotra said at a seminar on climate change risks and finance organised by the central bank in New Delhi. He stressed upon capacity building and improving technical know-how to better appraise risks in financing projects which use green technologies.

Markets regulator Sebi has widened the ambit of the scope of Unpublished Price Sensitive Information (UPSI) by including any proposed fundraising activities agreements which can impact the management or control of the company, restructuring plans, and one-time bank settlements. The move is aimed at enhancing regulatory clarity, certainty and uniformity in compliance in the ecosystem. To give this effect, Sebi, in a notification issued on March 11, amended insider trading regulations. The new rules would come into force from June 10.

Muhammad Yunus on Thursday extended the magistracy power of the military forces for 60 more days for the third time amid a nationwide law and order situation. «Commissioned officers holding the rank of captain and above in the Bangladesh Armed Forces have been granted special executive magistrate powers across the country,» a Public Administration Ministry statement said here. According to the statement, navy and air force officers too would hold the authority of executive magistracy while performing duties in aid of civil administration, including the military and navy officers serving on deputation in paramilitary Bangladesh Coast Guard and Border Guard Bangladesh (BGB). The renewal of the government order came as a nationwide operation called Operation Devil Hunt is underway as the country vandalism afresh since February 5. Protestors that day first demolished the 32 Dhanmondi residence of Bangladesh's founding father Sheikh Mujibur Rahman using excavators coinciding with a scheduled virtual speech by his daughter and deposed prime minister Sheikh Hasina from India, where she fled last year after the students' massive protest that ousted her Awami League government. The protesters subsequently attacked or set on fire the houses and business establishments of Awami League leaders and activists throughout the country. They were confronted while attacking a fugitive former minister's village home in suburban Gazipur on the outskirts of the capital.

Subscribe to enjoy similar stories. Reliance Consumer Products Ltd (RCPL), the packaged goods arm of Reliance Industries Ltd (RIL), will take three to four years to distribute its products nationally following a select rollout of products such as Campa and Independence, according to persons in the know. The company will also roll out more products over the next 12-18 months.

India Masters vs Australia Masters live score: Sachin Tendulkar led India masters will take on the Australia Masters at the semi-finals of International Masters League today. The match, which will be played at Raipur's Shaheed Veer Narayan Singh International Stadium, will see numerous famous personalities participating, including Yuvraj Singh, Suresh Raina, Yousuf Pathan, Shane Watson and Shaun Marsh.India Masters had a found a place in the semi-finals after earning 8 points from their five league stage matches and ending second on the points table.

Subscribe to enjoy similar stories. The 18th edition of the cash-rich Indian Premier League kicks off in a week’s time at Eden Gardens, Kolkata. In the 2024 season, streaming partner JioCinema had recorded a 57% growth in IPL viewership compared to the previous year.

For decades, Titan was the undisputed crown jewel of Rakesh Jhunjhunwala’s legendary portfolio. But in a stunning shift, a new stock has taken its place at the top—Inventurus Knowledge Solutions (IKS).

These 56 stocks represent less than 4% of the 1,465 stocks analysed by ETMarkets.

Tamil Nadu's progressive social policies, robust infrastructure facilities, and large skilled labour force enabled the state to place itself on an elevated economic development trajectory, making the state contribute 9.21 per cent to national GDP in 2023-24, Tamil Nadu's first economic survey 2024-25 said on Thursday. The survey brought out by the State Planning Commission and handed over to Chief Minister M K Stalin, said the Gross State Domestic Product (GSDP) at current prices reached Rs 27.22 lakh crore in 2023-24, posting a nominal growth rate of 13.71 per cent and a real growth rate of 8.33 per cent. «Tamil Nadu economy in 2024-25 faced global headwinds with its innate economic strength. The pandemic, coupled with geopolitical tensions and extreme weather events, disrupted global supply chains and triggered crises in the energy and food sectors,» it said. The global economy posted a real growth rate of 3.33 percent in 2023. India's economy recorded 7.61 percent growth in 2022-23, 9.19 per cent in 2023-24, and 6.48 per cent in 2024-25. «Building on a strong foundation of inclusive policies, Tamil Nadu has demonstrated remarkable economic resilience, consistently achieving growth rates of 8 per cent or more since 2021-22, and the state is expected to maintain a growth rate above 8 per cent in 2024-25,» it said. In 2022-23, Tamil Nadu's per capita income was Rs 2.78 lakh, 1.6 times the national average of Rs 1.69 lakh. The state consistently outpaced the national average over the years and is the fourth-largest state in per capita income.

Datta Power Infra on Thursday announced signing a power purchase agreement with state-owned SJVN to set up a 70 MW wind energy project. SJVN's WIND-1 initiative aims to develop 600 MW of ISTS-connected (Inter-State Transmission System) wind power projects across India, the company said in a statement. Varchasvi Gagal, Managing Director & CEO of Datta Power Infra, said: «We collaborate with SJVN Limited on this landmark 70-MW wind power project, which is a significant step toward strengthening India's renewable energy ecosystem». Datta Power Infra is focused on the end-to-end development of renewable energy projects, including building transmission lines and substations and undertaking engineering, procurement, and construction (EPC) for renewable energy projects.

Oriental Trimex Ltd.(up 3.06%), Aro Granite Industries Ltd.(up 1.02%) and Ashapura Minechem Ltd.(up 0.46%) stood among the top gainers.

Prakash Karat said on Thursday, as he called for improving relations with China as a balancing factor. In an interview with PTI, Karat, the Interim Coordinator of the Communist Party of India (Marxist), said India does not need to be allies with China, but improving relations with the northern neighbour will help India's position in a multipolar world. Amid ongoing tariff dispute with the US, he said in 2008, when the Left parties withdrew support from the United Progressive Alliance (UPA) government over the Indo-US Civil Nuclear deal, the move was seen only in context to the deal. However, over the years, it led to strategic relations developing in a way that today the Trump administration is trying to «extract» deals from India. Karat, who served as the general secretary of the party from 2005-2015, was at the helm when the CPI(M)'s withdrawal of support from the UPA government led to the alliance government facing a strength test in Parliament, which it survived though with the backing of the Samajwadi Party. «People saw our opposition to the India-US nuclear deal only within the framework of that civil nuclear deal. We saw it in a wider perspective because the real thing was America was saying we will give you this nuclear deal, we will remove all those earlier restrictions and prohibitions which were there… But the quid pro quo was that you come into a military and defence agreement with us, which we entered into — the ten year military framework agreement,» Karat told PTI.

Shares of Bank of Baroda(up 1.55 per cent), State Bank of India(up 0.67 per cent), Canara Bank(up 0.54 per cent), ICICI Bank Ltd.(up 0.5 per cent) and Punjab National Bank(up 0.35 per cent) ended the day as top gainers in the pack.

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state business summits. The sheer volume of these events, particularly in January and February, underscores their perceived importance in attracting investment. Yet, the question lingered: how many of these inked commitments truly translate into tangible economic development? India's economic landscape is punctuated by a surge in state-led investment summits.

Subscribe to enjoy similar stories. The US-India economic partnership is the envy of many. But our joint mission of achieving $500 billion in bilateral trade by 2030 stands on shaky ground.

Subscribe to enjoy similar stories. India’s auto industry is booming, with annual vehicle sales surpassing 4 million, making it the world’s third-largest car market. The Nifty Auto Index has surged, delivering a 36% compound annual growth rate (CAGR) from pandemic lows, significantly outperforming the broader Nifty 50.

Equity benchmark Sensex ended the session down 200.85 points at 73828.91.

Aerospace and defence technology manufacturing startup Rangsons Aerospace has raised Rs 300 crore from ValueQuest Investment Advisors. The Mysuru-based company plans to use the fresh capital to expand its operational capacity and drive growth into new business areas through strategic acquisitions. This is the first investment by ValueQuest Tristar Fund, a Category II alternative investment fund (AIF) focused on thematic sectors such as defence, aerospace, and precision engineering.