India Financial News

Federal Reserve Governor Christopher Waller said on Thursday he leans strongly against a rate cut at the Fed's upcoming policy meeting this month, although he reckons cuts later in the year remain on track if inflation pressures continue to abate. In discounting an easing at March 18-19 Federal Open Market Committee, Waller indicated he simply will not have the inflation data in hand to know whether cutting what's now a 4.25% to 4.5% federal funds rate range is justified, especially amid the heavy uncertainty created by President Donald Trump's trade agenda.

Subscribe to enjoy similar stories. India’s boardrooms remain stubbornly gray, although some transformative strokes are visible. As women slowly move beyond mere presence to actively claim seats at the decision-making table, it’s the smaller firms that are leading the charge.

Subscribe to enjoy similar stories. A real estate investment trust sponsored by asset manager Blackstone Group and Bengaluru developer Sattva Group filed its draft papers with the market regulator for an initial public offering (IPO) to raise around ₹7,000 crore. The Knowledge Realty Trust has a portfolio of 30 Grade A office assets across 48 million sq.

Subscribe to enjoy similar stories. Current market price: ₹513.65 | Buy range: ₹495-518 | Profit goal: ₹610 | Stop loss: ₹470 | Timeframe: 2-3 months Current market price: ₹6,174.90 | Buy range: ₹6,000-6,200 | Profit goal: ₹7,700 | Stop loss: ₹5,500 | Timeframe: 2-3 months India’s benchmark stock index Nifty 50 extended its rally for a second consecutive session following a sharp fall in Brent crude oil prices and US President Donald Trump’s tariff concessions. Crude oil prices fell sharply after the OPEC+ bloc of major petroleum exporting nations announced plans to gradually ease voluntary production cuts.

Subscribe to enjoy similar stories. Mumbai: Afcons Infrastructure Ltd, which has so far limited its exposure to the Middle East due to unfavourable contract terms, is looking to increase its business there as the region witnesses a construction boom to diversify from oil money. The company will work in the region in collaboration with local partners who are familiar with domestic conditions to reduce the execution risk, as per top company executives.

Subscribe to enjoy similar stories. Mumbai: The debt troubles of Gensol Engineering Ltd, whose loans were downgraded to default by two rating agencies this week, are more pronounced than initially thought. Mint has learnt that Ahmedabad-based solar plant construction company has delayed repayments to one of its largest lenders, the Indian Renewable Energy Development Agency (Ireda), by up to two months.

Subscribe to enjoy similar stories. New Delhi: Critical mineral refining and processing company Lohum is looking to raise about $200 million from private equity funds, as it readies to launch an initial public offering (IPO) in early 2027, its founder and chief executive officer (CEO) Rajat Verma said. “Growth will come from capacity expansion.

Subscribe to enjoy similar stories. After facing persistent selling pressure in the past sessions, the Indian stock markets staged a strong recovery on Thursday, 6 March, bringing much-needed relief to investors. The benchmark indices closed on a positive note, signalling renewed optimism and a shift in sentiment.

Subscribe to enjoy similar stories. On 6 March, Indian stock indices, the Sensex and the Nifty 50, lost their initial upward momentum and closed in negative territory, dragged down by declines in major stocks like HDFC Bank, Airtel, ITC, and Infosys. Meanwhile, the White House revealed that US President Donald Trump is open to evaluating additional products for possible tariff exemptions, which came into effect on 4 March.

Subscribe to enjoy similar stories. New Delhi: A group of trade experts advising the government on its trade negotiations with the Donald Trump administration has recommended that India prepare to levy tit-for-tat tariffs on American goods that enjoy significant market access in India and that contribute to a sizeable US trade surplus in these product categories.

Subscribe to enjoy similar stories. Trump, while addressing a joint session of the US Congress, labelled tariffs, or import duties, imposed by various nations on goods exported by the US as “very unfair". He also singled out “higher than 100%" tariffs that he said India currently imposes on automotive imports from the US.

Subscribe to enjoy similar stories. New Delhi: As Indian and US negotiators huddle in Washington to iron out issues in a potential trade deal, one of the key areas that has emerged is petrochemical trade, three people aware of the matter said on the condition of anonymity.

David Miller said his team’s hop to Dubai and back ahead of t h e i r Champions Trophy semifinal defeat to New Zealand in Lahore was “not ideal”. The tangled scheduling of the event came into question as Australia and South Africa both had to fly to Dubai from Pakistan ahead of the semi-finals. South Africa were there for less than 24 hours before jetting back again without playing a game. Australia stayed and lost in the last four to India. The haphazard scheduling was a result of India playing all their games in Dubai after refusing to travel to Pakistan. “It’s only an hour and 40 minute flight, but the fact that we had to do that was not ideal,” Miller said after South Africa lost to New Zealand on Wednesday by 50 runs. South Africa made what was ultimately a wasted trip soon after defeating England in Karachi on Saturday. “It’s early morning, it’s after a game and we had to fly. Then we got to Dubai at 4:00 pm. And at 7.30 am we had to come back. It doesn’t make it nice.

Subscribe to enjoy similar stories. NEW DELHI : A compliance drive launched in November 2024 by the Central Board of Direct Taxes (CBDT), based on financial information received from foreign tax authorities, has led to more than 30,000 persons declaring previously unreported foreign assets worth ₹29,208 crore and additional foreign income of ₹1,090 crore, a person with direct knowledge of the matter said.

Bureaucratic Caste System', former IAS officer and Padma Bhushan recipient M N Buch likened India's bureaucracy to caste hierarchy: IAS as brahmins, IPS kshatriyas, general bureaucracy as vaishyas, and teachers and scientists as shudras. This unwritten 'caste system' was debated in the Supreme Court this week when a challenge to the MP government's 2024 order on performance appraisal reports (PAR) for forest officers came up. The order mandates district-level forest officers — divisional forest officers, conservators and chief conservators — be appraised by district magistrates (DMs) and divisional commissioners (DCs), both IAS officers. MP forest officers contend IAS officials lack technical expertise to judge them.

Supreme Court on Thursday recommended the appointment of Calcutta High Court judge Justice Joymalya Bagchi as a judge of the Supreme Court. The five-member Collegium, headed by Chief Justice Sanjiv Khanna, noted that no Calcutta High Court judge rose to become the Chief Justice of India since the retirement of Justice Altamas Kabir on July 18, 2013. The Collegium also took into consideration the fact that the Calcutta High Court has only one representation in the Supreme Court bench at present. If the Collegium's recommendation is cleared by the Centre, Justice Bagchi would have a tenure of more than six years at the top court during which he will also serve as the Chief Justice of India.

Mitchell Santner on Thursday acknowledged India's familiarity with the slow pitch here at the DICS, but said his side is ready for a «scrap» in the Champions Trophy final. The Kiwis arrived here on Thursday evening ahead of the ICC showpiece's title clash against India on March 9. «They've played all their games here in Dubai and know that surface. Obviously, the surface will dictate a little bit of how we want to operate. It might be a little bit slower than what we got in Lahore. It might be more of a scrap, but we're down to scrap,» Santner said after touching base in the city. However, Santner said New Zealand can take some solace from their experience of playing against India during the group stage.

Subscribe to enjoy similar stories. The recent rebound in India’s stock market could stretch by 1.4% in the short term, said market experts, although they warned that it could be a mere bounce within a larger downtrend as foreign investors remain significantly bearish in the domestic cash and derivatives segment. On Thursday, stock market bulls kept India’s benchmark indexes up for a second straight day following 10 straight sessions of battering.

Magellan Aerospace Corporation signed a memorandum of understanding (MoU) with Belagavi-headquartered contract manufacturing company Aequs to establish a sand-casting facility at the Belagavi Aerospace Cluster (BAC) in Karnataka on Thursday. The joint venture aims to meet the sand casting demands in the growing aerospace industry. This increased sand-casting capacity would support both commercial and defence sectors, Aequs said. This new venture aims to enhance sand casting capabilities in Southeast Asia. Magellan is a centre of excellence (CoE) for sand castings in North America, and it can cast complex geometries using the chemically bonded sand process.

Subscribe to enjoy similar stories. Nestlé, the world's largest coffee company, has launched a Nespresso boutique in Delhi's Nexus CityWalk mall, targeting India's affluent consumers. The boutique offers Nespresso coffee machines, priced from ₹16,500, and coffee pods.