India Financial News

Subscribe to enjoy similar stories. With globalization in retreat and global growth impulses weakening, how can India’s economy sustain a pace of 8% expansion for at least a decade? As Economic Survey 2024-25 notes, that’s what Viksit Bharat would need. Its most notable prescription, thus, is deregulation.

Subscribe to enjoy similar stories. Corporate India is riding a wave of record-breaking profits, but the tide isn’t lifting all boats. The Economic Survey 2024-25 reveals this stark reality.

stocks rallied as much as 15% in Mumbai trading on Friday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the green amid brisk buying in frontline bluechip counters. Stocks that surged in excess of 15% included, Gulshan Polyols(19.98%), Teesta Agro Industries Ltd.(19.97%), Sindhu Trade(16.08%) and SaskenTech(15.85%).

Sonia Gandhi's remarks, the Rashtrapati Bhavan, without mentioning her name called it «unacceptable» and said it «clearly hurt the dignity of the high office.»

Indian rice industry has urged the government to provide incentives and policy support in the upcoming Union Budget to address surplus stock, falling prices, and sluggish exports. The industry also demanded development of modern and better rural infrastructure in the budget, particularly irrigation and cold storage facilities.

Shares of Punjab National Bank(up 4.85 per cent), IndusInd Bank Ltd.(up 3.57 per cent), IDFC First Bank Ltd.(up 3.36 per cent), Canara Bank(up 2.6 per cent) and State Bank of India(up 1.36 per cent) ended the day as top gainers in the pack.

Online meat and seafood firm Captain Fresh has raised Rs 250 crore in a pre-IPO funding round as it gears up for a stock market listing later this year. The round was led by existing investors Prosus Ventures, Accel, and Tiger Global Management.

Shares of LTIMindtree Ltd.(up 1.27 per cent), Infosys Ltd.(up 1.07 per cent), Wipro Ltd.(up 0.94 per cent), HCL Technologies Ltd.(up 0.73 per cent) and L&T Technology Services Ltd.(up 0.72 per cent) ended the day as top gainers in the pack.

Domestic benchmark index NSE Nifty ended 258.91 points up at 23508.4, while the BSE Sensex closed 740.76 points up at 77500.57.

Subscribe to enjoy similar stories. For years, China was the epicentre of global footwear manufacturing, producing nearly 72% of the world’s shoes in 2016. From Nike to Adidas, Puma, Crocs, and New Balance, virtually every major brand relied on China for production.

Subscribe to enjoy similar stories. At the Barbican, London, a recently concluded exhibition, The Imaginary Institution of India, featured nearly 150 artworks by over 30 artists done between the years 1975 and 1998, a period of drastic sociopolitical change in Indian history. The works “distilled historically significant episodes as well as intimate moments and shared experiences".

infrastructure investment over the next two decades to sustain a high rate of growth, the Economic Survey 2024-25 said, suggesting a need for accelerating private sector participation in infrastructure creation in the country.

Madhu Kela, Market Veteran, says turn market volatility into your ally. This year, returns are expected to be quite modest. To achieve those returns, you need to be highly skilled at spotting strong bottom-up investment ideas. Volatility can provide you with an advantage and opportunities, as stocks often don’t have time to recover. Many solid companies can see their prices drop by 40% or 50% in just a few trading sessions or within a month. Kela says in a bull market, one can make money even if you are not on the ball, which was the case for the last three years. In this kind of market, one has to be really on top of the game to be able to make money. This Budget, he will be looking at the commentary on the fiscal path beyond 2026 and the capex situation. What is the state of the market and what sort of return can be expected? Madhu Kela: In the last three-four years, phenomenal returns have been generated by individual investors and markets have been very kind. One thing which I have been consistently maintaining is not to extrapolate these returns even in your mind because you cannot just keep compounding at 30-35% year after year.

affordable data rates, and that there has been a paradigm shift in the country’s telecom technology space that underscores an ongoing effective transition from a “technology importer” to a “technology developer and exporter,” the Economic Survey 2024-25 said Friday.

Elon Musk is seemingly taking the «efficiency» part of his new role very seriously. The Donald Trump ally, who was appointed as head of the Department of Government Efficiency (DOGE), told multiple associates that he’s been sleeping at the DOGE headquarters, Wired reported. DOGE is based out of the Eisenhower Executive Office Building, just steps from the White House.

SIP flows have more than doubled in the last three years, from Rs 0.10 lakh crore in FY22 to Rs 0.23 lakh crore in FY25, according to the Economic Survey. The mutual fund segment currently has over 10 crore Systematic Investment Plan (SIP) accounts, with cumulative SIP inflows of Rs 10.9 lakh crore since inception.

Nirmala Sitharaman tabled the Economic Survey 2024-2025 in Parliament on Friday. The survey indicated that India has diversified its export basket not only in terms of commodities but also in its export markets. Commodities such as optical items, medical-scientific instruments, lifts and cranes have been added to this new kitty of the export basket with new export markets, such as Zimbabwe, Tanzania, Jordan and Honduras.

Voice AI startup ElevenLabs has raised $180 million in a series C funding round, tripling the company’s valuation to $3.3 billion within a year.