India Financial News

Subscribe to enjoy similar stories. Global venture capital firm Bessemer Venture Partners expects artificial intelligence (AI) to disrupt its investment roadmaps, with a disproportionate share of its new $350 million India-dedicated fund likely to flow into opportunities in this new-age technology that promises to transform businesses.

Subscribe to enjoy similar stories. Buy at ₹695.50 | Target ₹740-750 | Stop loss ₹676 On the daily chart, the stock is showing bullish momentum. The RSI is above 60, indicating strong buying pressure.

Subscribe to enjoy similar stories. India's benchmark index, Nifty 50, stayed strong despite the global market concerns and ended on a flat note in Tuesday's trading session. Taking cues from the global market, the indices opened with a gap down at 22,345 after recession fears triggered a sell-off in the US and Asian markets.

Reacher Season 3 Episode 6 will be available on Prime Video on March 13, 2025. The series follows the adaptation of Lee Child’s novel Persuader. The release time will match previous episodes.

When Calls the Heart Season 12 continues its run, bringing new developments in Hope Valley. Episode 11 is set to premiere soon.

Biju Janata Dal (BJD) and Trinamool Congress — met the Election Commission of India separately on Tuesday over the allegations of irregularities in voter numbers, demanding action by the poll body. The BJP also visited the poll panel in West Bengal over the alleged fake voters in the state, claiming that Bangladeshi infiltrators and Rohingyas have been included in voters' list. The BJP also alleged the state government of West Bengal has played a role in settling a significant number of Bangladeshi infiltrators and adding them to the voter list. This has weakened our electoral process and these voter lists should be scanned, the BJP demanded. The delegation of Trinamool Congress, led by its Rajya Sabha floor leader Derek O'Brian, met the poll panel over the issue of duplicate Electoral Photo Identity Cards (EPIC). The party, in its memorandum, said that the issue of duplicate EPIC numbers was kept buried, allegedly for several years, until it was flagged by the party supremo and West Bengal chief minister Mamata Banerjee.

Steel companies may hold back investments to expand capacity as increasing imports shrink profit margins and eat into their market share, said analysts. India aims to achieve the target of 300 mt crude steel capacity by 2030 under its National Steel Policy. «Steel capacity expansions may slow down in case domestic steel prices are adversely impacted due to increasing imports,» said Amit Bhargava, partner and national head-metals and mining, KPMG in India.

three-language policy issue, Union education minister Dharmendra Pradhan asserted in the Rajya Sabha on Tuesday that the National Education Policy (NEP) does not seek to impose any language on anybody, and the whole controversy has been raked up by the Tamil Nadu chief minister and his party to revive political fortunes and score brownie points to hide its governance and welfare deficit. He said under the three-language formula, the medium of instruction till Standard V will be in the mother tongue and the other two languages will be a student's choice. In his reply to a debate in the Rajya Sabha on the working of the education ministry, Pradhan cited facts and figures while emphasizing that the Tamil language is nobody's monopoly.

Under the chairmanship of power minister Manohar Lal, 30 Lok Sabha and Rajya Sabha members from various political parties will be given a presentation this week on aspects of nuclear energy and its role in India's net-zero journey, people aware of the development said. As India builds on its nuclear energy mission, public engagement becomes crucial on a source that raises concerns on safety, especially the perceptions built on high-profile accidents like Chernobyl and Fukushima.

Reliance Jio and Bharti Airtel were the only telecom operators to see net subscriber additions in December, while state-run Bharat Sanchar Nigam Ltd (BSNL) and cash-strapped Vodafone Idea (Vi) continued losing subscribers, showed data issued by the Telecom Regulatory Authority of India (Trai) on Tuesday. Jio added 3.9 million customers in December, while Bharti Airtel reversed its trend of customer loss to add 1.03 million wireless subscribers, the data showed. In the same period, Vi lost 1.7 million users, while BSNL's subscriber base declined by 0.32 million (320,000) after three straight months of subscriber additions till October after tariff hikes by private telcos.

Airtel partners Eutelsat OneWeb for satellite broadband, but the European competitor to Starlink uses a different satellite constellation that makes its services more expensive. Both services are way more expensive than terrestrial broadband services Airtel and competitor Reliance Jio offer in dense urban clusters. Yet, around 40% of Indians don't have internet access.

global supply chains, said MP and former union minister Anurag Thakur. This, in turn, propelled India from being a part of the 'Fragile Five' to one of the world's top five economies, he added. Crediting the youth for building enterprises-160,000 startups and 117 unicorns-that compete on the global stage, Thakur said, «Over the past decade, India has risen from the 'Fragile Five' to one of the world's top five economies; and in the next three years, we are set to become the third-largest economy.» Thakur was delivering the keynote address on the theme 'Empowering India's MSMEs for Global Leadership' at IDFC First Bank presents ET NOW Leaders of Tomorrow Awards Season 12. Arguing that Indian MSMEs must leverage capital markets to increase credibility, secure funding and scale up their businesses, Ashishkumar Chauhan, chief executive of NSE, said, «India's thriving capital market is an anomaly, as traditionally, only wealthy nations develop strong investment ecosystems.

revenue growth of top 100 large and liquid companies listed on the Bombay Stock Exchange (BSE) slowed to a third last calendar year compared with 2023, even as their rates of net profit expansion surged five times, reflecting the evident success of cost control initiatives. The financial performance by BSE100, a broad representation of the Indian equity market beyond the Sensex, revealed a sharp slowdown across manufacturing, services and consumer companies, showed ETIG compiled data. Revenues of these companies climbed 9% while net profit rose 32% in 2024, compared with 25% increase in sales and 7% rise in profits during 2023. «It is largely due to a slowdown in the overall consumption segment as well as oil, gas and steel businesses, where prices essentially remained benign and hurt value growth,» said Madan Sabnavis, chief economist, Bank of Baroda. «If BFSI is excluded, the overall growth will moderate even further. While profit was higher, it was largely due to high base effect, cost control by companies that include cost of production, and marginal salary hikes.» Sabnavis expects better aggregate performance from this set of companies next year.

gender equality, and resilience through a heartfelt LinkedIn post recounting his childhood experience. He shared how being locked inside his house every afternoon in Dhanbad shaped his perspective on life and leadership.

vaccine superpower with Covaxin's development and now produces 60 per cent of the world's vaccines, said Prof Balram Bhargava, former Director General of the Indian Council of Medical Research (ICMR), the agency that led the country's Covid-19 response. The Padma Shri awardee delivered a keynote address at BRIC-Rajiv Gandhi Centre for Biotechnology (RGCB) on Tuesday on the theme 'Accelerate Action' as part of RGCB's Women's Day celebration. «Sixty per cent of the world's vaccines are now manufactured in Pune and supplied globally. In 2021, we exported vaccines to more than 100 countries, underscoring our potential in vaccine research and development,» Bhargava said in an RGCB press release. Vaccine development-from funding to preclinical studies, clinical trials, laboratory research, and physiological studies-has been implemented seamlessly with government support. A National Task Force comprising 40 scientists from various research domains was formed to act swiftly in times of crisis, he noted.

Tata Consultancy Services Ltd (TCS), India's largest IT services firm, on Tuesday said it has signed an agreement to acquire 100% stake in a Bengaluru-headquartered commercial real estate company Darshita Southern India Happy Homes Pvt Ltd for Rs 2,250 crore in cash consideration. The acquisition of land and building which is held by the entity is to serve as a delivery center, TCS said in a stock exchange filing. The transaction has a call option to acquire 100% equity shares in the entity after two years by the Tata Group firm.

Subscribe to enjoy similar stories. New Delhi: Beer companies are salivating over warnings of a warmer summer after unseasonal rains in 2023 and the 2024 national election watered down volumes during the industry’s peak sales season the previous two years.

Zydus Lifesciences said on Tuesday it will acquire an 85.6% stake in France's Amplitude Surgical for 256.8 million euros (nearly $280 million) as part of its plans to expand further in the global medical devices market. The acquisition, which is a nearly 81% premium to Amplitude's last close, comes as India's pharmaceutical industry is bracing itself for U.S. President Donald Trump's plans to tax pharmaceutical imports. The United States is Zydus Lifesciences's biggest market, accounting for 47% of total revenue, followed by India.

Delhi High Court on Tuesday said Bajrang Punia, Vinesh Phogat, Sakshi Malik among others could challenge the Centre revoking the suspension of the Wrestling Federation of India (WFI). A bench of Chief Justice D K Upadhyaya and Justice Tushar Rao Gedela also requested the single judge, hearing the wrestlers' plea against the 2023 WFI election, to expedite the proceedings. The Centre on March 10 revoked its order suspending the WFI on December 24, 2023 for lapses in governance and procedural integrity by the new body, elected on December 21, the same year, and restored its status as a national sports federation. The bench, while closing the proceedings on WFI's appeal against the single judge's order on restoring Indian Olympic Association's (IOA) ad-hoc committee to run its affairs, observed the committee had to work only till the Centre's suspension was in force. Referring to the March 10 decision, the court observed nothing remained to be adjudicated in the WFI appeal. «Needless to state, it will be open to any party, if aggrieved by the order dated March 10 passed by the sports ministry, to challenge the same before appropriate court,» it said.

global investors such as SoftBank and Tiger Global remained cautious, ToI reported. Instead of making fresh bets, they largely focused on smaller follow-on investments in their existing portfolio companies, significantly slowing capital deployment. According to a report by Bain & Company and the Indian Venture and Alternate Capital Association (IVCA), this represents a 33% decline from the $4 billion raised in 2023.

«Commissioning of a significant capacity of previously delayed projects drove capacity additions in 2024,» Mercom India Solar Market Update report said. According to Mercom, large-scale solar projects (including solar open access) accounted for more than 87 per cent of the total capacity additions, while rooftop solar contributed nearly 13 per cent.