India Financial News

Subscribe to enjoy similar stories. Black cobras are highly feared in India, even in parts where the snake is a fairly common sight. While their potent neurotoxic venom, which can cause paralysis and respiratory failure, is an obvious reason, their darkness imbues them with an extra layer of lethality.

Subscribe to enjoy similar stories. When it comes to birds, India has always been a superpower.

European Union (EU) on Friday decided to forge a free trade agreement (FTA) by the end of the year. Following a meeting between Prime Minister Narendra Modi and European Commission president Ursula von der Leyen, the preparation of a «blueprint for collaboration in the areas of trade, technology, investment, innovation, green growth, security, skilling and mobility» was announced. «We have directed our teams to conclude a mutually beneficial bilateral FTA by the end of this year,» the PM said in a press statement in the presence of von der Leyen. Later, officials from both sides told the media they had been given a clear mandate and political direction on the FTA.

Gross domestic product (GDP) had grown at a seven-quarter low of 5.6% (revised up from 5.4%) in the second quarter. The full FY25 growth is now seen at 6.5%, a tad higher than the 6.4% estimated in the first advance estimate released in January. FY24 growth has been revised up to 9.2%, from 8.2% estimated earlier, the highest in the last 12 years, except for the post-Covid 9.7% rebound in FY22.

Subscribe to enjoy similar stories. Indian companies navigated yet more revenue-profit divergence in the December quarter, and India’s ranking declined significantly among its emerging-market peers in January. Meanwhile, India and the UK have resumed trade negotiations amid protectionist policies by the US.

Subscribe to enjoy similar stories. Indian apparel startups – the likes of Myntra, The Souled Store, and niche players – have capitalised on the cultural hype surrounding major music events this year, leading to a sharp rise in sales of artist-themed merchandise and festival fashion, several executives told Mint. The buzz around events such as Coldplay's India tour, Ed Sheeran’s concert and Diljit Dosanjh's 'Dil-Luminati' collection this year has spurred new business opportunities, shaping consumer trends and driving sales.

Subscribe to enjoy similar stories. Aiming to boost digital health accessibility among citizens, the Union government has planned to train joint directors to impart knowledge, help in implementation, and keep them updated about the Ayushman Bharat Digital Mission (ABDM). A two-day national workshop will be held in Bihar on 7-8 March, to focus on building the capabilities of these crucial links in the ABDM system.

As India Inc looks to leverage new technologies, the widening skills gap is a growing concern. A 2023 PwC report, 'Winning Today's Race While Running Tomorrow's', says that 77% of Indian CEOs cited skill shortages as a barrier to growth, up from 64% in 2019. To compete in the digital economy, traditional workforce skills must be upgraded. However, a significant portion of the workforce remains ill-equipped for market demands.

Subscribe to enjoy similar stories. Mumbai: A.P. Moller-Maersk has offered to invest up to $5 billion in India to expand its local operations, but about $2 billion of this is contingent upon the shipping and logistics major getting an extension of its 30-year concession for the Pipavav port in Gujarat that expires in September 2028.

The United States sends tremendous support to its allies around the world, but the payback has typically been a more stable world — it doesn’t always work, mind you, as we have seen these past three years. But no country benefits more from a tranquil world than the U.S.

«Contrary to all the apprehensions, I firmly believe GenAI adoption wholeheartedly will serve as the next job creator for India. Let's acknowledge the reality… In most situations, GenAI will assist a low-skilled person to perform at a different level of productivity. It will enhance the productivity very significantly,» he said at the Mumbai Tech Week. Chandrasekaran noted that traditional business advantages are becoming less relevant, and India must focus on building AI capabilities rather than merely consuming such technologies.

In the 20 trading sessions, they were buyers on just two instances — on February 18, when they had bought domestic shares worth Rs 4,786.6 crore and on February 4, when they purchased shares worth Rs 809.2 crore.

electric scooter maker Hero Electric is up for insolvency resolution under IBC (Insolvency and Bankruptcy Code), with the resolution professional (RP) inviting prospective bidders for the now bankrupt company. The Expression of Interest (EOI) from prospective bidders for the company was floated on February 18 and is set to close on March 14, 2025. The RP will thereafter issue the final list of prospective resolution applicants on April 8.

Jio Platforms, the telecom and digital arm of Reliance Industries, is building an AI personal computer in the cloud which is compatible with any consumer screen and will allow users to build compute-intensive AI applications, Aakash Ambani, chairman, Reliance Jio Infocomm said. He added that companies which do not embrace AI and reimagine their functions will have a “bleak” future. Further, he believes that AI will transform the future of jobs but won’t replace them. “We have a consumer application which we will be shortly launching. It’s a cloud PC, which is a complete PC in the cloud, which is accessible in each of your houses but really be device agnostic. No hardware. You can build high compute AI applications on top of that. And what you can leverage is the reach that Jio has,” Ambani said at the Mumbai Tech Week on Friday.

In an address at a think-tank ahead of the talks, the European Commission chief said proposed security and defence partnership will help the two sides to tackle common threats such as cross-border terrorism and attacks on critical infrastructure. Security should be a core part of our new strategic partnership with India, she said.

Markets regulator Sebi on Friday modified its guidelines and issued necessary clarifications on nomination facilities in the securities market in a bid to make the process of transmission and nomination easier for demat accounts and mutual fund (MF) folios. In its circular, Sebi said that if one or more joint account holders pass away, the assets will be transferred to the surviving holder(s) without the need for additional KYC unless it was requested earlier and not provided. The surviving holder(s) can update their contact details and add or change their nominee(s) at any time.

Dragon Ball Daima finale is here! Fans worldwide are eager to witness the conclusion of this epic anime series, which serves as the last project from legendary creator Akira Toriyama. If you don’t want to miss a second of the action, here’s everything you need to know about when and where to watch the final episode.

International Gemmological Institute (IGI) on Friday posted a 45 per cent jump in consolidated net profit at Rs 113.78 crore for fourth quarter of the 2024 calendar year. The company, in a statement, said it had clocked a net profit of Rs 78.43 crore in the year-ago. IGI, listed on both BSE and NSE in December 2024, reported a total revenue of Rs 256 crore for Q4 of 2024 calendar year, six per cent jump from the previous year.

The Assam chief minister Himanta Biswa Sarma on Friday said Tata group has announced plans to establish a large-scale manufacturing facility for electronics and mobile technology in the State, with an investment of Rs 30,000 crore and hydrocarbon companies will pump in at least 85,000 Crore in exploration. The Tata project, set to be developed over the next five years, confirming the group's expansion plans, Tata Sons chairman Natarajan Chandrasekaran, during the Advantage Assam 2.0 Summit, revealed that Assam would host the new mobile manufacturing unit.

Subscribe to enjoy similar stories. American casual wear brand U.S Polo Assn. India is on track to touch ₹3,000 crore in business over the coming years as the brand targets opening more premium stores and investing in adjacent categories such as kids' wear and footwear.

Subscribe to enjoy similar stories. New Delhi: About a fourth of the 70-100 active startups focused on agricultural water management and treatment are at risk of shutting down due to a lack of funding, according to experts.