India Financial News

skills development and entrepreneurship will soon come up with a detailed action plan for setting up the national centres of excellence (CoEs) for skilling, defining roles and responsibilities of government, industry, and global institutions and establishing collaboration mechanisms between stakeholders, skills secretary Atul Kumar Tiwari said. Speaking at a post-budget webinar jointly organised with the Department for Promotion of Industry & Internal Trade (DPIIT) on Wednesday, Tiwari said the action plan will also look at seamless integration between industry and the government in curriculum design and training delivery. “A structured framework for training instructors incorporating continuous learning programs, certification mechanisms, and incentives to attract and retain skilled trainers will also be put in place,” he said .

female workforce participation by 2047 as it is pivotal for building a Viksit Bharat and will help unlock immense economic potential and foster growth, labour and employment secretary Sumita Dawra said. Speaking at the Women in Services Sector — the Confederation of Indian Industry (CII) Dialogue 2025 on Wednesday, Dawra said over the past six years, the labour force participation rate for women has risen from 23% in 2017-18 to approximately 42% in 2023-24. “This uptick is evident across various sectors, including agriculture, manufacturing and services, with a notable increase in educated women joining the workforce,” she said.

Subscribe to enjoy similar stories. New Delhi: 29 January was meant to be a special date for ITC Hotels, one that marked a new beginning. That was the day the hotel chain, whose properties are renowned for playing host to heads of state from around the world for several decades, debuted on the stock exchanges.

Subscribe to enjoy similar stories. Someone once said, “Investing during a crisis is overrated, while investing during confusing times is underrated." The idea of making a fortune by investing at the bottom of a crisis is often glorified, fostering the belief that wealth is built by timing market downturns with precision. Stories of investors who seized opportunities during market collapses create the illusion that waiting for the next major crisis—and deploying capital at exactly the right moment—is the key to success.

Zydus Lifesciences on Wednesday said it has launched ANVIMO, a breakthrough medication for the prevention of Cytomegalovirus infection for haematopoietic stem cell transplant and kidney transplant patients. ANVIMO (Letermovir) will be available in dosages of 240 mg and 480 mg, the drug firm said in a statement. CMV infection remains one of the most serious complications in transplant patients, often leading to graft failure, decreased survival and prolonged hospital stays. Traditional CMV treatments, such as ganciclovir and valganciclovir, have notable limitations, including toxicity and bone marrow suppression.

Reliance Jio and Airtel have urged the government to ensure a level playing field in the satellite communications sector as it prepares to decide on a licence and spectrum allocation for Elon Musk’s Starlink, ToI reported. The companies have called for “comparable” spectrum pricing for satellite operators to prevent what they term as “market distortions.” In a petition to the government, the telecom firms have accused the Telecom Regulatory Authority of India (Trai) of not addressing the competitive imbalance between satellite and terrestrial spectrum allocation. “Comparable spectrum pricing to terrestrial services should be enforced for competing satellite services in urban/semi-urban/rural areas for retail/enterprise customers,” the representation said. It argues that satellite operators providing similar services must comply with the same pricing, regulatory levies, and fees as terrestrial telecom providers. The new telecom law passed in December 2023 allows satellite spectrum to be assigned administratively for a fee, unlike terrestrial spectrum, which is auctioned. However, the specifics of pricing and allocation are still being worked out by Trai.

Naxal operative from Jharkhand, who had been living in Delhi under a false identity, was arrested in Pitampura, Delhi Police said on Wednesday. She had been working as a domestic helper in Noida and different areas of Delhi since 2020, as per a PTI report.

The rupee closed 0.3% higher at 86.9550 against the U.S. dollar, its best single-day gain since February 11.

Steve Smith announced his retirement from One Day Internationals (ODIs). Virat Kohli’s 84-run knock was key to India’s successful chase of 265 runs.

Subscribe to enjoy similar stories. Non-fiction content, which had reached saturation on linear television, is bringing returns for streaming platforms with titles like Bigg Boss, Shark Tank India and The Great Indian Kapil Show topping viewership charts in India. Experts said the interactive nature of some of the latest non-fiction shows is paying off for streaming services.

Infrastructure major Larsen & Toubro (L&T) on Wednesday said one of its verticals has bagged 'significant' projects from a reputed developer to construct residential towers. The building and factories vertical of Larsen & Toubro will construct residential towers in Mumbai, Bangalore and Chennai, L&T said in a regulatory filing. All the projects are to be executed within stringent timelines, the filing said. According to Larsen & Toubro's classification, a 'significant order' refers to a project valued between Rs 1,000 crore and Rs 2,500 crore.

tax loss harvesting. This strategy can help reduce tax liability, which may be higher this year due to the government's hike in both short-term and long-term capital gains taxes. In the July 2024 budget, Finance Minister Nirmala Sitharaman revised the STCG and LTCG rates, increasing the short-term capital gains tax from 15% to 20%. Shares held for less than 12 months will be subject to STCG.

post-Budget webinar on employment. PM Modi underscored the importance of investing in people, the economy, and innovation, describing these themes as central to India's roadmap for becoming a developed nation. «Investing in people, economy and innovation is a theme that defines the roadmap for a developed India. You can see its impact on a large scale in this year's Budget. Therefore, this Budget has emerged as a blueprint for India's future,» said PM Modi, emphasising that the Budget has given equal priority to infrastructure, industries, and human capital.

Himanta Biswa Sarma has hinted that the ongoing probe into alleged links between a Pakistan-based official and “certain individuals” in India may see involvement of Interpol. After Assam Police formed an SIT to investigate a case registered with Assam CID against a Pakistani national Ali Taqueer Sheikh who works with a climate action group – CDKN, Sarma had said government SIT has found that Seikh has come to India 18 times and SIT has got some initial leads which might lead to facts which will be starting, huge and fatal. Pakistani national Ali Taqueer Sheikh is accused of anti-India activities, and it is alleged that Congress MP Gaurav Gogoi's wife Elizabeth Colburn worked closely with Seikh.

Subscribe to enjoy similar stories. The annual report card for equity pension fund managers is out, and DSP's NPS Equity Fund has delivered a staggering 11.68% return in the last one year—five times higher than the second-best performer, which posted a modest 2.3%. To match the score of DSP's fund, the new kid on the block, the sum of the funds that gave positive returns would need to be more than doubled.

Subscribe to enjoy similar stories. MUMBAI : A $15 billion withdrawal by foreign portfolio investors (FPIs)—2025's largest outflow among emerging economies—has sent Indian markets into a tizzy. Dalal Street is on the edge, with the Nifty 50 down by 7% since January.

S Jaishankar visits the United Kingdom to reinforce the growing GBP 41 billion trading relationship between the two nations. A major highlight of this visit is the announcement of two new Indian consulates in Belfast and Manchester, a move aimed at fostering regional economic ties and enhancing investments. The UK has also welcomed over GBP 100 million in new Indian investment deals, expected to create jobs, strengthen economic growth, and improve financial prospects for working individuals.

Makkal Needhi Maiam President Kamal Haasan has strongly criticised the Union government’s plan for parliamentary constituency delimitation, warning that it could weaken India’s federal structure and diversity. Speaking at an All-Party Meeting on the issue, Haasan stated that the move could harm India’s inclusive vision by promoting a homogenised «Hindia.»

prime residential space in 2024, followed by 237 sq ft in Hong Kong and 344 sq ft in Singapore, according to a Knight Frank report. In comparison, Mumbai offers 1,066 sq ft, marking a 2.6% decline over the past decade as prices have risen. Bengaluru has also become less affordable, with space purchasable for $1 million decreasing by 9% to 3,617 sq ft. In Delhi, one can buy 2,239 sq ft, up 11% from a decade ago. The Prime International Residential Index (PIRI 100), which tracks luxury property price changes across 100 global cities, has recorded a 3.6% annual increase in 2024. Of these, 80 cities saw either positive or stable price growth. Seoul 18.4%, Manila 17.9%, and Dubai with 16.9% growth led global price appreciation in prime real estate.

Tata Electronics will set up a display manufacturing unit in Gujarat in partnership with Taiwan-based PSMC and Himax Technologies, a top official of the company said on Wednesday. Speaking at IESA Vision Summit, Tata Electronics CEO Randhir Thakur announced signing of a tripartite agreement with the Gujarat government for the plant. «Today, I am delighted to announce signing of an MoU between Tata Electronics, PSMC and Himax to revolutionise India's display product and technology ecosystem. With PSMC's proven technology, Tata Electronics will manufacture display chips for Himax in Dholera, Gujarat,» Thakur said. With foray in display manufacturing, Tata Electronics will have presence in all three top semiconductor manufacturing segments.

Indian Railway Finance Corporation (IRFC), a key financial institution under the Ministry of Railways, becomes India's third-largest government NBFC. Earlier this week IRFC has been awarded the prestigious Navratna status by the Government of India. IRFC has played a key role in funding nearly 80 per cent of Indian Railways' rolling stock and was the first CPSE to issue a 30-year tenor bond in overseas markets.