India Financial News

Anil Thomas Gabriel, who was shot dead in Jordan on February 10, has demanded justice, insisting his son was not a terrorist but an Indian citizen. Anil's father, Gabriel Thomas, spoke to ANI, stating, «Anil Thomas called me after he landed in Jordan on February 7. When he left from here, he carried all the necessary documents, including his visa. He was not alone--his brother-in-law also travelled with him. Later, we were told that someone had been shot, but they couldn't find Anil Thomas. It was only later that we learned he had been killed.» Thomas continued, «We sent an email to the Indian Embassy, and when we received a response, we found out about his death. He was shot in the forehead. We demand justice. Why was my son shot? The government must investigate. As a father, it is my duty to fight for the truth. We have already submitted a petition to the MP. This incident happened in Jordan, not Israel. The embassy may say many things, but they were not there. There are eyewitnesses who saw what really happened--Thomas was shot while walking. The bullet hit the leg of the person accompanying him, but my son was shot in the forehead, which is unacceptable. My son was not a terrorist--he was an Indian citizen. If needed, they could have shot him in the leg, but they aimed to kill. This is an injustice, and the government must take action to ensure we get justice.»

Aamir Khan is in the mood to spill the beans about Bollywood losing the box-office game to the South. In a conversation with veteran lyricist-screenwriter Javed Akhtar, the ‘3 Idiots’ star shared his insights on where Bollywood is lagging behind South. In the interview, Akhtar lamented how Bollywood is struggling at the box-office and films with South stars who are relatively unknown among Hindi-speaking audiences are dominating the box-office. “The [Hindi] films have lost all connectivity with the audience. Dubbed South Indian films, featuring stars who are unknown to audiences here in North India, are releasing and doing Rs 600-700 crore business. Even the few of our films that end up working are also directed by people from the South. What happened to our people?” wondered the ‘Sholay’ screenwriter. The superstar argued that it’s not a North vs. South problem and that Bollywood actors and producers are ill-equipped to deal with the OTT storm. “Please come and consume our product (film). If you don’t, we’ll come and drop it off at your doorstep in eight weeks (through OTT platforms). This is our business model," he explained.

Sensex and Nifty, traded lower on Tuesday, following a widespread sell-off in Asian markets after Wall Street dropped overnight due to recession concerns in the US. The rupee is likely to stay under pressure on Tuesday, as concerns over a potential recession sapped risk appetite across financial markets, driving most Asian currencies lower.

India's cotton imports in 2024/25 are likely to double from a year ago as production is set to fall below consumption because of a decline in acreage planted and adverse weather, a leading trade body said on Tuesday. Higher imports by the world's second-largest producer of the fibre could support global prices, which fell to their lowest in more than four years after top consumer China levied duties on imports from the United States. India could import 3 million bales in the current marketing year ending on September 30, up from 1.52 million bales imported a year ago, the Cotton Association of India (CAI) said in a statement. During the period from October to February, 2.2 million bales of overseas cotton landed at Indian ports, according to CAI estimates. India's cotton production in the current year is likely to fall by 10% from a year ago, to 29.53 million bales, even as demand is estimated to rise marginally to 31.5 million bales, it said.

Celebrations involve people applying colored powder (gulaal) to each other, accompanied by music, dance, and traditional foods like gujiya, chakri, malpua, and thandai.

Data Analytics Consultant and YouTuber, Sahil Bhadviya recently shared the real luxuries in life that he is able to enjoy every single day. While a good night’s sleep and zero travel time may sound ideal among his top 10 list, it is the third and fourth one that will leave you feeling jealous. Can you guess what it is? Sharing thoughts on X, a tech professional reflected on the true luxuries they cherish daily. These include restful sleep, unhurried mornings, and the joy of an afternoon nap. They appreciate the comfort of home-cooked meals, quality time with their child, and the freedom to pursue their passion for investment and personal finance. With the flexibility to set their own work schedule and no commute, they enjoy a peaceful life in Udaipur, staying closely connected with family and friends—expressing gratitude for these everyday blessings. The tweet read, “Real luxuries in life that I enjoy every single day-

IndusInd Bank facing a steep decline, Ashok Hinduja, Chairman of IndusInd International Holdings, Mauritius, has assured that the bank «is in a very healthy position.» However, he raised concerns over the impact on the market cap. «My concern is how the market has taken so much so that over Rs 16,000 crores, over $2 billion just in two hours, it has impacted the market cap. The market situation has gone so bad,» he added. The promoter reaffirmed his commitment to supporting the bank, recalling past support during the Covid-19 crisis. Hinduja emphasised that the promoter group remains ready to inject capital, including through additional warrants, and is awaiting regulatory approval to increase its stake from 15% to 26%.

Indian stock market will remain closed on Friday, March 14, 2025, in observance of Holi, the Hindu festival of colours. Trading will resume on Monday, March 17, following the extended weekend break, as per the holiday calendar issued by the National Stock Exchange (NSE) and the BSE. The closure will impact trading across all major segments, including equity, equity derivatives, securities lending and borrowing (SLB), electronic gold receipts (EGR), and currency derivatives.

India's run from the 2023 ICC Cricket World Cup, which ended with a heartbreaking loss to Australia in the final after an unprecedented 10-match win streak, till the ICC Champions Trophy 2025 has been one of the finest runs by a team in white-ball cricket, 23 wins in 24 matches, one loss and two trophies won, reported ESPNCricinfo. India won both the last year's T20 World Cup at Barbados and the Champions Trophy in Dubai undefeated. Had they won the 2023 World Cup, they would have had all the ICC titles in white-ball cricket at the same time, that too undefeated, which no team has ever managed to do.

Sebi has issued a warning to IIFL Capital Services regarding due diligence in debt issues handled by the company's merchant banking division. In a disclosure to stock exchanges, IIFL Capital said the Securities and Exchange Board of India (Sebi) has issued an administrative warning letter dated March 7, 2025. The regulator conducted an inspection with regard to debt issues handled by the merchant banking division of the company for the period April 1, 2022 to April 30, 2024.

Foreigners Act, 1946, the Passport (Entry into India) Act, 1920, the Registration of Foreigners Act, 1939, and the Immigration (Carriers’ Liability) Act, 2000. The objective is to enhance national security, control immigration procedures, and introduce stricter penalties on foreigners who violate entry and stay conditions.

pilots in the next 15-20 years as domestic airlines have more than 1,700 planes on order as they expand their network, Civil Aviation Minister K Rammohan Naidu said on Tuesday. Asserting that the ministry is working with a collective approach for the aviation industry, he also said that officials are verifying various aspects of 38 Flying Training Organisations (FTOs) and these organisations will be rated. The minister was speaking at a function to mark the signing of a Memorandum of Understanding (MoU) for an order for 200 trainer aircraft. Indian airlines have placed orders for more than 1,700 aircraft and currently, there are over 800 planes, Naidu said.

Ben Powell, Chief Middle East and APAC Investment Strategist, BlackRock Investment Institute, says we at BlackRock are still very much on board with the India bull story, while being respectful of the short-term sell-off which clearly has fed on itself. India is on a journey to exist as a standalone investment destination and that is going to become more and more the case in the quarters and years ahead. We have discussed the US. We have discussed China. Where is India? Did I miss it? Ben Powell: India is doing very well. I am here in the UAE. We had a huge cricket event over the weekend. India was triumphant. India, I still think is in this temporarily tricky spot of risk slightly feeding on itself. You have had a market which perhaps got a little bit ahead of itself several months ago and that was ripe, it turns out, for a little bit of a downdraft and that is now feeding on itself to some degree.

India. Byrnihat, a small but heavily industrialised town in Meghalaya, tops the list, according to the World Air Quality Report 2024 by Swiss air technology firm IQAir. Delhi, already infamous for its hazardous air, retains its place as the most polluted capital city on the planet. India, while improving slightly, is still among the worst-hit nations. Ranking as the world’s fifth most polluted country in 2024—down from third place in 2023—the nation recorded an average PM2.5 concentration of 50.6 micrograms per cubic metre, still ten times higher than World Health Organization (WHO) safety limits.

Subscribe to enjoy similar stories. India’s consumption landscape has undergone a significant transformation over the last two decades, influenced by shifts in income distribution, economic shocks and changes in spending behaviour. Data from PRICE’s ICE 360 pan-India household survey provide a detailed account of these trends, shedding light on the financial resilience of different income groups and the impact of events such as the pandemic.

FanCode, the official broadcaster of Formula 1 in India, will stream all F1 races in Hindi and select regional languages for the first time, aiming to make the sport more accessible to a wider audience. This move aligns with a growing trend among sports broadcasters in India, where regional commentary options are being expanded to attract more viewers. Broadcasters like Star Sports have introduced dedicated channels in southern languages, and major sporting events such as the IPL now offer streaming in multiple regional languages ranging from Bhojpuri to Tamil. However, this shift comes amid political debates over language preferences, with Tamil Nadu Chief Minister MK Stalin recently raising concerns about the imposition of Hindi. FanCode will offer Sky Sports’ F1 coverage, including pre- and post-race analysis through popular shows such as The F1 Show, Ted’s Notebook, Ted’s Qualifying Notebook, and The Chequered Flag. Indian fans will have the option to access the entire F1 season for ₹899, while a race weekend pass is available for those looking for one-time viewing.

ADSEZ) is well positioned to benefit from India's long-term growth due to its strategic business model and alignment with the country's development goals, according to a report by Macquarie Equity Research. The report highlighted ADSEZ's diversified port operations, strong cargo mix, and integrated logistics network as key factors supporting its resilience and long-term expansion. The report said, «ADSEZ is well positioned to capitalise on India's long-term growth potential due to its businesses' thematic alignment with the nation's development».

Uber on Tuesday said it has tied up with Refex Green Mobility to deploy 1,000 electric vehicles across key cities by 2026, furthering its efforts to boost electric vehicles on its platform. The collaboration aligns with Uber's global objective of providing 100 per cent emission-free rides by 2040, the company said in a statement. The deployment will see electric four-wheelers onboarded onto the Uber platform across Chennai, Hyderabad, Bengaluru, and Mumbai, it added. «Uber is committed to accelerating the shift to zero-emission mobility in India, and this partnership with Refex eVeelz is a significant step in that direction,» said Aditya Kapoor, Head, Supply and Electrification, Uber India and South Asia.

IndusInd Bank plummeted 26% on Tuesday, hitting a fresh 52-week low of Rs 720.50, as multiple brokerages downgraded the stock and slashed target prices in the wake of an accounting discrepancy in its forex derivatives portfolio. Mutual funds held around 20.08 crore shares of IndusInd Bank in their portfolios, with a total market value of Rs 19,884 crore as of February 28, 2025. Around 35 AMCs and around 360 schemes had exposure in IndusInd Bank as of February 28, 2025. Five AMCs had over Rs 1,000 crore exposure in IndusInd Bank. ICICI Prudential Mutual Fund had the highest exposure of around Rs 3,778 crore and had around 3.81 crore shares in its portfolio in February.

Nithin Kamath, the co-founder of Zerodha, has built one of India’s most successful financial platforms. He understands the complexities of stock markets, investment strategies, and wealth management like few others. But when it comes to social media—specifically Instagram—he’s completely lost. In a candid post on X (formerly Twitter), Kamath admitted that Instagram’s features left him baffled. «Trying to learn how to use Instagram. I don’t know if I am too old or this is just too complex to use,» he wrote, attaching a screenshot of a conversation with his colleagues. His team’s attempt to explain Instagram’s workings only added to his confusion—and to the amusement of thousands online.

Bibhas Nayak, a 29-year-old HR manager at St Stephen’s Hospital in New Delhi, died while defending two women from sexual assault in Karnataka’s Koppal district. The incident took place on 6 March near Sanapur village, close to the popular tourist site of Hampi. Bibhas was overpowered by three attackers and thrown into a canal. His body was recovered on Saturday, and Karnataka police have since arrested the suspects. His grieving family has called for a thorough and fair investigation.