India Financial News

Ultraviolette plans to invest up to USD 100 million (nearly Rs 870 crore) in the next three to four years to fuel growth, including expansion of product portfolio, manufacturing and network, according to its founders. The company, which announced plans to bring ten new products, including scooters and long-range cruiser bikes, in the next three years, is targetting annual sales of 1 lakh units in this period, with presence not just in India but also in Europe and South East Asia, Ultraviolette CEO & Co-founder Narayan Subramaniam, and CTO & Co-founder Niraj Rajmohan told PTI. Rajmohan said the company has already made investments on R&D to build the fundamental building blocks, including charging systems, battery systems, motor control and vehicle control electronics, smart connected systems and advanced sensing systems. «We are in discussions from a larger investment point of view in the order of the USD 70-100 million that is meant to scale across product portfolio expansion, geographic expansion and growth,» he said when asked about planned future investments in the next three to four years.

Pawan Khera slammed Prime Minister Narendra Modi-led government on Donald Trump's statement on India agreeing to 'reduce' tariffs and questioned whether the reported deal was signed «under pressure.» Noting Commerce Minister Piyush Goyal's visit to US, Pawan Khera questioned the «secrecy» behind the reported deal and asked why the Indians are getting to know about it through the US President. «140 crore Indians are getting to know our own government's Trade Policy through the US President — Trump. Has the GOI taken a decision to cut Tariffs under pressure by PM Modi's close friend — Mr. Donald Trump? Has Union Minister Piyush Goyal, who is in the United States to apparently negotiate a Trade Deal, buckled under pressure and signed on the dotted line dictated by 'Howdy Modi's close compatriot Namaste Trump'?» Khera said in the statement.

Indian stocks even after an unprecedented losing streak has lowered equity valuations. That’s because the market is still grappling with challenges posed by an economic slowdown, profit downgrades and potential US tariffs. Traders looking for bargains within Asia are gravitating toward still-cheap Chinese equities, which are in the middle of a bull run sparked by developments in artificial intelligence.

Sarang Nath Mahadev temple in Varanasi to perform an 'aarti' and pray for India's victory in the ICC Champions Trophy final against New Zealand. The fans expressed confidence in India's performance, citing the team's strong bowling and batting lineup. Speaking to ANI, cricket coach Saif Ahmed said, «I strongly believe that today, India will emerge as the Champions Trophy winners. Our biggest strength in this final is our spin attack. The team is playing with four world-class spinners, which gives us a significant advantage. Considering the team's overall balance and performance, the trophy is coming home, finally ending our 25-year-long wait.» «The match between India and New Zealand is going to be a thrilling one. The team is aware of its strengths and weaknesses. Their fielding is excellent--Kane Williamson and Glenn Phillips are capable of taking great catches. If Virat Kohli plays his best shots, very few would be able to make those catches. We have world-class bowlers and batters. We will win this ICC match by a good margin,» another coach told ANI.

Recently, a woman provided her social media audience with an exclusive inside look at Google’s Gurgaon, India, office, and her video quickly gained immense popularity.

Nifty breaking a three-week losing streak and closing nearly 2% higher despite weak global cues amid the rising threat of tariff wars with multiple trading partners. This rebound was driven by encouraging macroeconomic indicators, a fall in the dollar index, and liquidity infusion by the Reserve Bank of India (RBI). “The metal, capital goods, and energy sectors outperformed due to optimism over China's stimulus and lower crude oil prices. A fall in the dollar index also boosted investor sentiment towards emerging markets, while the US equity markets have declined due to uncertainty over Trump's economic policies,” said Vinod Nair, Head of Research at Geojit Financial Services.

Subscribe to enjoy similar stories. KFin Technology is a leading registrar and transfer agent (RTA) in India's mutual fund industry, operating in a duopoly market. Its business is cyclical as it depends on the capital market's performance.

Subscribe to enjoy similar stories. Ahead of the summer season, India's two leading airlines are ramping up their international presence. IndiGo, the market leader in the Indian international segment, has announced four new destinations—Mauritius, Langkawi, Penang and Medinah.

API.market, runs a marketplace for artificial intelligence (AI) model application programming interfaces, with 3,100 customers across the world, and makes an annual recurring revenue (ARR) of $200,000. He is also building Noveum.ai, an evaluator of large language models for enterprise use, which is currently in beta stage. Till October 2024, Agarwal was building the marketplace alone. His team has grown since—by all of two people, another co-founder and engineer, and he is now looking to hire three more engineers. He added that it is quite common for a small team of up to 20 people in an AI startup to get to $5-10 million ARR. Agarwal is part of an emerging crop of startups that are focusing on leaner teams by leveraging AI across their operations to cut costs and stay the course. Many such companies are borrowing from the playbook of Silicon Valley startups that are clocking millions in revenues with bare-bones teams. For instance, coding assistant Cursor hit a $100 million ARR with a team of 20 people.

Ashwini Vaishnaw. India will emerge as one of the key players — not only in providing services but also a major technology creator in the age of artificial intelligence, he said at the 25th ET Awards for Corporate Excellence, where he was conferred the Reformer of the Year honour. “India will emerge very powerful, very strong (and) will come out with substantially better conditions,” he said. “The reason for that is the pragmatism with which we are approaching this entire thing.”

India is examining its import basket to finalise the list of items for which it could build a bespoke — and lower — tariff structure for the US, while it also explores areas where further levy reductions are possible through an extension of the Most Favoured Nation (MFN) approach. The Centre has discussed the minute details of preferential tariff reductions for the US through both a trade pact and on an MFN basis for sectors including agriculture and automobiles — areas that would benefit US exporters were India to reduce tariffs further. To be sure, countries can grant duty cuts to one another’s imports on a preferential basis in a free trade agreement (FTA). “There have been discussions on giving concessions on the MFN and FTA basis,” said an official, as India and the US aim to conclude the first tranche of their Bilateral Trade Agreement (BTA) by fall this year.

India: Rohit Sharma (c), Shubman Gill, Virat Kohli, Shreyas Iyer, Axar Patel, KL Rahul (wk), Hardik Pandya, Ravindra Jadeja, Mohammed Shami, Kuldeep Yadav, Varun ChakaravarthyNew Zealand: Will Young, Rachin Ravindra, Kane Williamson, Daryl Mitchell, Tom Latham (wk), Glenn Phillips, Michael Bracewell, Mitchell Santner (c), Matt Henry, Kyle Jamieson, William O’Rourke.India enjoy a 61-50 head-to-head record against New Zealand in ODIs. Seven games ended in no result while one finished in a tie. The last time both these teams met was during the group A fixture which India won by 44 runs.

But it has also led to concerned conversations in numerous circles about job losses and a drop in employment opportunities. From its theoretical roots to modern-day applications, AI has transformed from a distant dream into a transformative reality. It will deliver a unique and beneficial value proposition for the world, particularly India. Agents and automation

AI literacy’ driven by the government and industry will be essential to make the most of India’s demographic dividend. “AI is something where everybody’s trying to figure out what is next,” said Sangeeta Gupta, SVP and chief strategy officer, Nasscom. “Nobody has a perfect playbook. Everybody is looking for expertise and you will find that expertise with partners, whether it’s with startups, Big Tech, or IT.” “I would have loved for a DeepSeek to happen in India,” said Rohini Srivathsa, CTO, Microsoft India & South Asia, adding that India needs to take bold calls and invest in R&D to push the envelope on innovation.

Nirmala Sitharaman said India is close to taking a final call on reducing goods and services tax (GST) rates further and reviewing the levy’s slabs. The revenue neutral rate had dropped from 15.8% when GST was introduced in 2017, to 11.4% by 2023, she said at the 25th ET Awards for Corporate Excellence on Saturday. “Let me dispel any (notion) that GST has made life costlier. Item by item, I would challenge anyone to tell me if there is any one item for which tax rate has gone up after introduction of GST… So, the clue is, it will come down even further,” she told an audience that represented the best of India Inc at the stately National Centre for the Performing Arts in Mumbai. A group of ministers on GST rationalisation has been set up under Bihar deputy CM Samrat Chaudhary.

Invincible Season 3 Episode 8 will be available for streaming on Prime Video on Thursday, March 13, 2025. The season consists of eight episodes, with a weekly release schedule.

Daredevil: Born Again continues its run with Episode 3 set to arrive soon. The release schedule and total episodes have changed since the show's initial development.

Severance Season 2 continues its weekly release schedule on Apple TV+. Episode 9 is set to premiere soon. Fans can check their local time zones to catch the episode as soon as it airs.

1923 Season 2 Episode 3, titled Wrap Thee in Terror, will be released on Sunday, March 9, 2025, at 12 a.m. ET/9 p.m. PT on Paramount+. New episodes will continue every Sunday until the finale on April 13, 2025.

independent directors as they gear up to tap the public markets in the next one to two years. The credibility and strength of the top deck becomes critical for firms preparing for an initial public offering (IPO), said experts. Apart from meeting regulatory requirements, a well-picked board with experienced and independent voices as directors can help inspire confidence among prospective investors as raising public money comes with far greater transparency and accountability. Executive search firms, including Korn Ferry and Transearch, said they are seeing a minimum 25% increase in independent director mandates, and are running anywhere between three and six such searches at any given time.

Japan recently opened up about the racism he has faced, sparking a wider discussion about discrimination in different parts of the world. His revelations come shortly after an Indian-origin woman in the UK became a target of racial abuse while traveling from London to Manchester by train. The man, identified as Nikhil Tripathi, shared his experiences in a viral video after being interviewed by a Japanese vlogger known as Riki With Japan Mates.