India Financial News

Donald Trump’s administration are watching Canada to get a preview of what happens when you hit back. Canadian officials have gone hostile in their responses to Trump’s trade war. Ontario Premier Doug Ford slapped a 25% charge on electricity exports to make power more expensive for people in New York and two other states — earning the president’s ire. Mark Carney, the incoming prime minister, called the US “a country we can no longer trust,” and said his new government will keep its retaliatory tariffs in place “until the Americans show us respect.” On Tuesday, the brinkmanship seemed to pay off: Trump started the day threatening to double tariffs on Canadian steel and aluminum to 50%, but by day’s end both sides had pulled back. Ford suspended the electricity tax, prompting Trump to say “I respect that” and drop the metals levy back to 25%. Trump’s tariffs on steel and aluminum — which came into force on US imports on Wednesday — drew a swift response from Canada and the European Union. The government in Ottawa announced new 25% counter-tariffs on about C$30 billion ($20.8 billion) of US-made items, while Brussels laid out countermeasures against US goods worth as much as €26 billion ($28.3 billion). But other metals-exporting countries including Japan and South Korea held off on any immediate retaliation. Even before that widening of the trade war, Mélanie Joly, Canada’s foreign minister, had issued a warning to other nations. Watch what Trump is doing to Canada, she said. “You’re next.”

Daredevil: Born Again continues its run with Episode 3 set to release on March 11, 2025. The series follows Matt Murdock, a blind lawyer with enhanced abilities, as he fights for justice while Wilson Fisk aims for political power.

Subscribe to enjoy similar stories. New Delhi: In 1920s British-ruled India, scheming courtesans deftly navigate their way through a world of power, love and influence. Meanwhile, in the present day, an engineering graduate ends up working in the panchayat office of a remote village in a comic turn.

Subscribe to enjoy similar stories. The biggest single-day fall in the price of IndusInd Bank shares on Tuesday, 11 March, wiping out more than a quarter of its market value, raises a number of questions. The sharp sell-off followed the lender’s disclosure of accounting discrepancies related to its derivative trades, triggering a spate of analyst downgrades.

Indian Air Force. The radar has been indigenously designed and developed by Electronics and Radar Development Establishment of the Defence Research and Development Organisation (DRDO). It is capable of tracking aerial targets from high-speed fighter aircraft to slow moving targets such as unmanned aerial vehicles and helicopters. The defence ministry said acquisition of the radar will significantly enhance the operational preparedness of the Indian Air Force. «As part of the government's efforts to strengthen indigenous defence capabilities, the Ministry of Defence has inked a capital acquisition contract with BEL for the procurement of Low-level Transportable Radar, LLTR (Ashwini) at a cost of Rs 2,906 crore,» an official readout said. The contract was signed in presence of Defence Secretary Rajesh Kumar Singh.

Hinduja Group, which promotes IndusInd Bank, may be compelled to pledge up to 80% of its holdings in the bank if the stock price drops below Rs 600 per share, according to an analysis by Macquarie Capital. Analysts warn that the risk of pledging could extend to other Hinduja-led entities as the group works to repay debt and reduce collateral. IndusInd International Holdings (IIHL), led by the Hinduja Group and owning a 15% stake in the bank, has already pledged about 50% of its shares to Barclays Bank PLC and Deutsche Bank AG in exchange for a loan.

Policybazaar, declined nearly 5% on Wednesday after the company's proposal to infuse Rs 696 crore in its healthcare arm failed to cheer investors. The scrip of PB Fintech tanked 4.70% to close at Rs 1,399.95 apiece on the National Stock Exchange (NSE). On the BSE, it fell 4.44% to settle at Rs 1,404.15 per share. In volume terms, 46.18 lakh equity shares of PB Fintech were traded on the NSE, and 1.23 lakh scrips exchanged hands on the BSE during the day.

Air India and IndiGo, to capitalize on the growing demand in the Indian market, according to a top executive. In an interview with PTI, Riyadh Air CEO Tony Douglas noted the importance of the Indian subcontinent to the airline's expansion plans. «It's not secret for us the importance of India and therefore we'll look to explore see whether its of interest of both parties...we're interested in the opinions that Air India and IndiGo have got. Hopefully, very excited announcements,» he said.

Manipur while impersonating Jay Shah, the son of Union Home Minister Amit Shah, were sent to six days of police custody by the Chief Judicial Magistrate Court, Imphal West on March 12. Ashem Tarunakumari Devi, CJM Imphal West, stated that one pen drive containing videos of the search, seizure, and arrest was presented. This Court is of the opinion that there is prima facie material to remand the accused persons for investigation, as it has been revealed that the mobile number which contacted the complainant's cousin brother belongs to accused Uvaish Ahmed. In the interest of a proper and effective investigation, this Court is inclined to allow the prayer for remanding them into police custody.

Specialty chemicals manufacturing startup Scimplify has raised $40 million in a Series B funding round co-led by Accel and existing investor Bertelsmann India Investments. The round also witnessed participation from UMI, 3one4 Capital and Omnivore. This brings the company’s total funding to around $54 million. The fresh capital will drive the Bengaluru-based company’s global expansion, enabling it to scale exports beyond the 16 countries it currently serves while strengthening its presence in life sciences, crop sciences, and industrial chemicals.

Ladhani Group, which is the largest bottler of Coca-Cola in India and has also a play in the hospitality and chemicals segments, plans to invest around Rs 11,000 crore in the next five years across its verticals, a top company official said on Wednesday. It plans to spend around Rs 8,000 crore on SLMG Beverages, its flagship firm and the largest bottling franchisee for Coca-Cola in India, for opening new units to expand its presence in Uttar Pradesh and newly acquired markets of Bihar. SLMG Beverages is among the top 15 bottlers globally for Coca-Cola and aims to be among the top ten in the coming years. It is ready for more franchising opportunities in India and foreign countries, its Joint Managing Director Paritosh Ladhani told PTI. The Lucknow-based group also plans to invest around Rs 3,000 crore in its hospitality business in the next five years and double the number of hotel rooms.

Last year saw a boom in India's concert economy with big names such as Ed Sheeran, Coldplay, Dua Lipa Diljit Dosanjh and Maroon 5 drawing big crowds. The success of large-scale concerts highlighted India's untapped potential as a global entertainment destination. According to BookMyShow's year-end report, 30,687 live events took place in 319 cities, marking an 18% increase in consumption compared to the previous year. Zomato Live, the ticketing arm of the food delivery company, has noted that India is becoming a hotspot for international music tours due to its growing economy and enthusiastic fanbase. After Coldplay's successful tour in India, Prime Minister Narendra Modi said that India has a massive scope for live concerts. «You must have seen fabulous pictures of Coldplay concert organised in Mumbai and Ahmedabad. It shows that India has a massive scope for live concerts. Big artists from around the world are attracted towards India… I expect the state and the private sector to focus on needed infrastructure and skills,» he said. India's emerging concert economy boosts tourism and hospitality business while also generating a large number of jobs. The

Subscribe to enjoy similar stories. IndusInd Bank shares recovered on Wednesday after falling to its lowest level in one year as investors were reassured by statements made by its promoter Ashok Hinduja and CEO Sumant Kathpalia. The shares of the private sector lender had crashed by 27% on Tuesday after the bank disclosed discrepancies in accounting for foreign currency derivative trades over a period of five to seven years.

Subscribe to enjoy similar stories. The market regulator’s recent guidelines outlining tougher disclosure requirements for related-party transactions has sparked significant apprehension about increased compliance burdens and potential operational delays. The directive, issued on 14 February, aims to enhance transparency and fairness in the related-party transaction approval processes, mandating stringent disclosure and certification requirements.

Patanjali Foods Limited has signed a Memorandum of Understanding (MOU) with the Government of Manipur to implement an Oil Palm Plantation Programme under the National Mission on Edible Oils – Oil Palm (NMEO-OP). The agreement, signed in Imphal on Wednesday marks a significant step in boosting oil palm cultivation in the state, covering four districts in a phased manner. The MOU was formally signed by Peter Salam, Director of Agriculture Manipur and Ashok Kumar Singh, Head of Northeast Oil Palm Operations, Patanjali Foods Limited, in the presence of Arun Kumar Sinha, Principal Secretary of Agriculture Government of Manipur.

With interest rates being a key factor in home loans, personal loans, and corporate borrowings, understanding the latest rates can help borrowers make informed financial decisions. Below is an overview of the latest lending rates across major Indian banks.

The recovery of Russian oil flow to the world's third-largest oil importer and consumer is easing a supply crunch and cooling prices for rival Middle East grades. Russian oil supplies to India and China fell sharply earlier this year following U.S. sanctions on January 10 that targeted producers, insurers, ships and middlemen to curtail Moscow's oil revenue. In March, India's imports of Russian oil, mainly Urals crude, are back at 1.54 million barrels per day (bpd), after falling to 1.1 million to 1.2 million bpd in the previous three months due to concerns about sanctions, data from analytics firm Kpler showed.

Subscribe to enjoy similar stories. Investors in Bharti Hexacom Ltd stock must be a happier lot vis-à-vis their counterparts in Bharti Airtel Ltd, the parent company holding a 70% stake in the former. Hexacom’s shares have gained as much as 66% since its listing day’s closing price of ₹813.30 apiece on 12 April 2024.

Subscribe to enjoy similar stories. ASK Investment Managers, one of India’s largest portfolio management services (PMS) funds, has focused on high-quality, high-growth, Indian entrepreneur-owned companies that prioritise earnings growth, capital efficiency and strong management, Sunil Rohokale, co-founder, CEO & managing director of ASK Asset & Wealth Management Group told Mint. ASK’s flagship Indian Entrepreneur Portfolio, with ₹11,908.74 crore in assets under management (AUM), has delivered 5.78% returns over the past year and a compound annual growth rate (CAGR) of 13.84% over the past five.

Subscribe to enjoy similar stories. India recently announced a budgetary allocation of ₹3,200 crore to set up 200 Day Care Cancer Centres in all district hospitals over the next three years. This is welcome.