India Financial News
10.03 / 09:29
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IIT Madras gets two extra seats in UG courses for students excelling in national, international Olympiads
Indian Institute of Technology, Madras (IIT-M) on Monday announced the launch of admissions to undergraduate promgrammes for students excelling in the National and International Olympiads. These are competitive examinations that challenge students in several academic subjects and skills. Termed as ‘Science Olympiad Excellence’ (ScOpE), this admission is outside the JEE (Advanced) Framework and students under this initiative will be admitted from the academic year 2025-2026. ScOpE is similar to the admissions through Sports Excellence Admissions and Fine Arts and Excellence modes. It will have two two supernumerary seats per programme of which one seat will be exclusively for women students..
10.03 / 09:29
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Mumbai to get its third airport: Ajit Pawar announces big plans in Maharashtra's budget
Pawar, speaking in the state assembly, said that Mumbai's new airport will be proposed near Vadhvan port and Mumbai-Ahmedabad bullet train station will be near this port. Currently, India's financial hub has two airports, Chhatrapati Sivaji Maharaj International Airport (CSMIAL) located in the Mumbai Metropolitan Region (MMR), and the other airport in Navi Mumbai, which is likely to be operational in this year. He said that 85 per cent work of Navi Mumbai International Airport (NMIAL) has been completed and trials are completed, too.
10.03 / 09:23
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One contact number, two policyholders: What's wrong with ICICI Lombard's back-end
Subscribe to enjoy similar stories. Imagine logging into your insurance account, only to find a stranger’s policy details displayed instead. To make matters worse, imagine the stranger being mistakenly listed as your spouse.
10.03 / 09:23
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SIFs, a new asset class, allows investors to enhance returns, diversify risks, have greater clarity of financial goals
Subscribe to enjoy similar stories. Funds that follow alternative strategies in the listed markets have exploded in popularity since the introduction of Alternative Investment Fund regulations. Category III AIFs – a brand new idea in 2012 – have garnered ₹2.17 lakh crore of commitments as of today.
10.03 / 08:51
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Tariff war to impact global M&A flow: Rothschild's Sachak
Subscribe to enjoy similar stories. MUMBAI : The global tariff war will likely impact merger and acquisition (M&A) activity adversely, said Akeel Sachak, partner and global head of consumer at Rothschild & Co., adding that US President Donald Trump’s aggressive stance on tariffs has sparked a broader concern among economies, and it is already reflecting in the way markets have moved.
10.03 / 08:51
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Tribunal reforms hold the key to efficient dispute resolution in India
Subscribe to enjoy similar stories. Tribunals were meant to be India’s answer to an overburdened judicial system—a fast-track mechanism to resolve disputes efficiently outside the traditional civil court structure. However, the idea of tribunals being a faster and better alternative to court cases has not worked out as expected.
10.03 / 08:51
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This smallcap pipe stock is down 61% in last one year. Can Q4 spark a comeback?
Subscribe to enjoy similar stories. Prince Pipes & Fittings, India’s fifth-largest plastic pipe manufacturing company, reported a decline in its third-quarter earnings due to decreased sales volume, inventory losses, and a weak demand environment. Consequently, the stock has halved in the last one year, and fallen 35% so far in 2025.
10.03 / 08:19
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India inflation likely eased below 4% in February for the first time in six months
inflation likely eased below the Reserve Bank of India's medium-term target of 4.0% for the first time in six months on moderating food price rises, a Reuters poll showed, bolstering expectations of interest rate cuts. As fresh winter produce hit markets over the past few months, food items — which make up nearly half of the inflation basket — saw a sustained slowdown in price increases. That marked a welcome reprieve from supply disruptions last year when unpredictable monsoons and intense heat waves sent food prices soaring, often by double digits.
10.03 / 08:19
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Women still missing in India's Venture Capital decision-making rooms
Among the 20 most active VC investors analyzed, several firms, including Z47, Stellaris Venture Partners, and Nexus Venture Partners, reported no women at all within their investment teams. Peak XV Partners topped the list with the highest number of women investors, comprising 13 out of 44. Other firms like Blume Ventures (6 out of 23) and Accel India (5 out of 25) showed relatively better representation, while Lightspeed Ventures (4 out of 16) and Elevation Capital (7 out of 33) reflected the broader industry challenge where women are consistently outnumbered across major firms.
10.03 / 08:19
markets
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Bharti Telecom needs much higher dividend income from Airtel to service loans: Analysts
Bharti Telecom Ltd (BTL) — the main promoter-level controlling company that owns 40.47% in Bharti Airtel — needs a much higher dividend payout from the Sunil Mittal-led telco from FY25 onwards to service its hefty interest costs, analysts said. This is since BTL’s estimated annualised finance cost at Rs 3,183.2 crore is sharply higher than the modest Rs 600.6 crore and Rs 876.9 crore in dividend income it received from Airtel in FY23 and FY24 respectively. According to analysts, BTL’s surging interest costs have been driven by its mounting debt — now at almost Rs 38,000 crore — as it has been regularly buying shares held by Airtel’s promoters — Singapore Telecommunications (Singtel) and the Mittal family.
10.03 / 08:19
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Provident
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Juniper
Juniper Green Energy commissions 100-MW solar plant; to supply electricity to Bhutan
Juniper Green Energy on Monday announced the commissioning of a 100-MW solar power project to supply electricity to Bhutan. The project facilitates an important cross-border agreement, aiming to provide 50 per cent of the power generated to Bhutan during winter months, the company said in a statement. This agreement enables Bhutan to directly import power from an Indian generator under a bilateral trade framework, it said. Naresh Mansukhani, CEO of Juniper Green Energy, said in the statement, «Our first cross-border energy trademarks an important achievement in energy integration. This initiative facilitates regional energy security by providing power to key sectors.»
10.03 / 08:19
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Lok Sabha proceedings disrupted as DMK members protest over Pradhan's remarks
Lok Sabha proceedings were on Monday adjourned for about 30 minutes after DMK members protested over Union Education Minister Dharmendra Pradhan's remarks that the Tamil Nadu government was «dishonest» on the issue of implementing the PM Schools for Rising India (PM SHRI) scheme. Replying to a question on the PM SHRI scheme, Pradhan said the DMK-led Tamil Nadu government has changed its stand on implementing the centrally-sponsored scheme which envisaged strengthening the schools managed by central, state or local bodies. The state concerned has to sign an MoU with the central government that it would implement the National Education Policy (NEP) 2020 and in return the central government provides the fund. «The Tamil Nadu government had initially agreed to sign the MoU. But now they have changed the stand. Many non-BJP-ruled states, including Karnataka and Himachal Pradesh, have signed the agreement,» he said.
10.03 / 08:07
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2020
IndusInd Bank shares plunge as RBI trims extension for CEO
Subscribe to enjoy similar stories. IndusInd Bank Ltd’s shares dropped to their lowest in nearly three years after the Reserve Bank of India cut the lender’s proposed three-year extension for managing director and chief executive officer Sumant Kathpalia to one year. This isn’t the first time RBI has disagreed with banks on the tenure of their top chief.
10.03 / 08:07
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Manufacturing
innovations
Let there be light: These five stocks are poised to benefit from India’s $1 billion solar push
Subscribe to enjoy similar stories. India is ramping up its efforts to break China's dominance in the solar supply chain with a $1 billion capital subsidy plan that’s aimed at boosting domestic manufacturing of wafers and ingots—critical components in solar panel production. While the country has made significant progress in solar module and cell manufacturing, wafer and ingot production remains a weak link, with only 2gigawatts (GW)of capacity compared to 71 GW in modules and 11 GW in cells.
10.03 / 07:51
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Ajit Ranade: India must formulate a strategy to boost agricultural exports
Subscribe to enjoy similar stories. US President Donald Trump issued executive orders slapping high tariffs on imports from Canada, Mexico and China. For the rest, he has proposed a reciprocal tariff regime, pushing exporting countries to either reduce their respective import duties drastically or be shut out of the US market.
10.03 / 07:25
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Shayari and Bhangra: The 'serious' coach Gambhir shows his fun side post India's Champions Trophy win; Watch viral video
Throughout the match, he stayed laser-focused, reacting passionately to every boundary and wicket, but post-match, he turned into a bit of a poet! During a lively interaction with former cricketer Navjot Singh Sidhu on Star Sports, Gambhir decided to sprinkle some shayari into the celebration.
10.03 / 07:25
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Gap
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Over 2 million AI jobs up for grabs in India by 2027...but there's a serious problem
“India has a unique opportunity to position itself as a global AI talent hub. However, by 2027, the job openings in AI are expected to be 1.5–2x of the talent availability. The challenge—and opportunity—lies in reskilling and upskilling a significant portion of the existing talent base on emerging technology tools and skillsets,” said Saikat Banerjee, Partner and leader in Bain & Company’s AI, Insights, and Solutions practice in India. He added, “The AI talent shortage is a significant challenge, but not invincible. Addressing it requires a fundamental shift in how businesses attract, develop, and retain AI talent. Companies need to move beyond traditional hiring approaches, prioritize continuous upskilling, and foster an innovation-driven ecosystem.”
10.03 / 07:25
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JSW Steel shares surge to 4-month high as February steel output jumps 12% YoY
JSW Steel climbed as much as 2.1% on Monday to a four-month high of Rs 1,032.5 on the BSE, after the company reported a 12% year-on-year (YoY) increase in consolidated crude steel production for February 2025. In a filing to the exchanges on Friday, JSW Steel said its consolidated crude steel production for February stood at 24.07 lakh tonnes, compared to 21.49 lakh tonnes in the same period last year. The company’s domestic operations contributed 23.32 lakh tonnes, reflecting a 13% YoY jump, while its U.S. steel production came in at 0.75 lakh tonnes.
10.03 / 06:37
markets
Digital
Action
Death
country
reports
cricket
IPL 2025: Why govt wants to keep alcohol and tobacco cos away from the mega stage of brand exposure
Board of Control for Cricket in India (BCCI) and Indian Premier League (IPL) organisers to take action against the promotion of alcohol and tobacco through advertisements and endorsements. The letter, dated March 5, was addressed to IPL Chairman Arun Singh Dhumal and BCCI officials, urging them to prohibit all forms of tobacco and alcohol advertisements, including surrogate ads, across IPL stadiums, related events, and television broadcasts, ET reported on Monday. The letter further emphasised that sportspersons, including commentators, should refrain from directly or indirectly endorsing these harmful products.
10.03 / 06:37
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Champion Trophy hero Varun Chakravarthy, an SRM University architect, has also acted in a Tamil movie, reality show
Indian cricket, Varun Chakravarthy had a brush with the silver screen. In 2014, he played a cameo in the Tamil movie ‘Jeeva,’ a sports drama that unknowingly mirrored his own life’s journey. The film depicted a cricketer’s struggle against odds, much like Varun’s real-life battle to carve a niche for himself in professional cricket. Not stopping at movies, he also made an appearance in the popular cooking reality show "Cooku with Comali". However, his true calling lay elsewhere—in cricket, where he would rise to fame as India’s mystery spinner, leaving batsmen baffled with his unorthodox variations. Varun Chakravarthy has been a key architect of India's ICC Champions Trophy win. He has been the second highest wicket-taker in the tournament. In the finals against New Zealand, he put the Kiwis on the backfoot with two crucial wickets. 33-year-old Varun Chakravarthy made his T20I debut in July 2021 and became the second-oldest player after Farokh Engineer to debut in ODIs in February 2025. He plays for Tamil Nadu in domestic cricket and is a key spinner for the Kolkata Knight Riders (KKR) in the Indian Premier League (IPL).
10.03 / 06:37
markets
COST
UPS
Sustainability
Celebrity
Big, fat Indian weddings are a thing of the past, says India’s most famous bridalwear designer Sabyasachi
bridalwear designer is calling an end to the industry he helped supersize. Sales of elaborate bridal outfits — typically weighing up to 17 pounds and costing more than $6,800 — are declining, according to Sabyasachi Mukherjee, who has dressed some of India’s most famous women, including billionaire heiress Isha Ambani. Modern brides are now looking for more low-key designs as part of a broader shift away from traditionally ostentatious wedding celebrations, he said. “The wedding industry in India as we know of it today is breathing its last,” Mukherjee said in an interview at his 25,000-square-foot (2,323 square meter) store in Mumbai.
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