India Financial News

28.01 / 05:41

markets Target JPMorgan Analysis Trade Experts reports Federal Bank shares drop 6% after Q3 profit decline; JPMorgan sticks to Buy, UBS cuts target price

Federal Bank fell over 6% to Rs 178.1 in Tuesday's intraday trade on the BSE after the private sector lender reported a 5% year-on-year decline in its net profit for the third quarter ending December 30, 2024. The bank posted a net profit of Rs 955 crore, down from Rs 1,007 crore in the same period last year, despite recording its highest-ever pre-provision operating profit. The bank has made accelerated provisions of Rs 292 crore during the quarter. Total provisions also stood at Rs 292 crore after adjustment of regular provisions and provisions write-back as against Rs 91 crore made in the year ago period. Its provision coverage ratio rose to 74.21% from 71.08%.

28.01 / 05:41

markets COST Digital Strategy economy Experts PAM Trump's rate-cut call can't reverse underwhelming growth odds just yet

economic growth.

28.01 / 04:59

markets economy Healthcare President track Updates budget 2025 Budget 2025 Expectations LIVE: Taxpayers, India Inc hoping for income tax relief to boost money in hand, consumer demand

Budget 2025 Expectations LIVE: Indian taxpayers, especially the middle class and corporate India alike are seeking tax reforms such as revised income tax slabs, lower GST rates, regulatory updates, and anticipating various capex allocation announcements in Finance Minister Nirmala Sitharaman's eighth Budget speech on February 1, 2025. Taxpayers are keenly watching for some relief for the middleclass amid the current economic situation.The first part of the Parliament's Budget session is confirmed to begin from January 31 till February 13, 2025.

28.01 / 02:31

UPS Citizens community stage voice exclusive Income tax payers in India have good reason to feel neglected

Subscribe to enjoy similar stories. As the countdown to the budget for 2025-26 enters its final phase, it is about time individual taxpayers got a look-in from finance minister Nirmala Sitharaman. They are yet to receive the kind of largesse given by her to corporates in 2019, when the rate of corporate income tax was cut from 30% to 22%.

28.01 / 02:07

markets security Analysis Research Trade Experts India central bank's liquidity bazooka raises rate cut hopes

rate cut next month. The Reserve Bank of India's (RBI) measures, expected to collectively infuse 1.5 trillion rupees ($17.39 billion) into the banking system, come after months of a cash crunch in the banking system that had pushed up overnight and short-term lending rates.

28.01 / 02:07

markets UPS Digital Strategy Experts PAM Donald Trump: DeepSeek's AI should be a 'wakeup call' to US industry

Donald Trump said on Monday that Chinese startup DeepSeek's technology should act as spur for American companies and said it was good that companies in China have come up with a cheaper, faster method of artificial intelligence.

28.01 / 02:07

markets Google Strategy Apple social information Updates How Google maps plans to handle the 'Gulf of America'

Trump administration on Friday declared that the Gulf of Mexico had been renamed the Gulf of America, but popular mapping services from Google and Apple have continued showing the old name.

28.01 / 02:07

markets Citi Strategy War prevention Hamas government says 300,000 displaced return to north Gaza

displaced Palestinians streamed into the north of war-ravaged Gaza on Monday after Israel and Hamas reached a deal for the release of another six hostages.

28.01 / 02:07

markets COST Analysis Trade President Experts show Gold holds ground as traders brace for Fed rate decision

Gold prices firmed on Tuesday as focus shifted to the Federal Reserve's first meeting of 2025, while investors try to decipher how U.S. President Donald Trump's policies will impact the U.S. central bank's views on growth and inflation.

28.01 / 02:07

markets Analysis NVIDIA Trade Experts Nasdaq drops 3% as China's DeepSeek AI model hits tech shares

AI leader Nvidia sank 17%, and it erased about $593 billion in stock market value, the deepest ever one-day loss for a company on Wall Street, according to LSEG data. It was more than double the previous one-day record loss, set by Nvidia last September.

28.01 / 02:07

markets security Strategy Trade President PAM Relationships In phone call with Modi, Trump calls for progress toward 'fair' India-US trade ties: White House

Donald Trump, in a «productive» phone call with Prime Minister Narendra Modi, sought a move towards a «fair» bilateral trading relationship and deeper India-US cooperation, according to the White House. The two leaders also discussed plans for Modi to visit the US, the White House said in a readout of the call on Monday.

28.01 / 02:07

markets Provident Digital Strategy Experts PAM stage Earthquake Today: Earthquake of magnitude 4.5 jolts Tibet

28.01 / 01:25

markets Career Strategy Justice PAM Department Investigations Justice Deptartment prosecutors who worked on trump investigations fired

James McHenry on Monday fired more than a dozen prosecutors who worked on the two criminal investigations into Donald Trump for special counsel Jack Smith, saying they could not be trusted to «faithfully implement» the president's agenda, a Justice Department spokesperson said.

28.01 / 01:25

markets Apple Analysis NVIDIA Trade President Experts Asian stocks drop after AI jitters hit US equities

A selloff was triggered after a cheap AI model from Chinese startup DeepSeek climbed to the top of Apple’s appstore, sparking concerns that valuations of the technology may be tough to justify. Japanese stocks fell, with chip-related shares extending Monday’s declines. That was after the S&P 500 dropped 1.5% and the Nasdaq 100 sank 3%. Nvidia Corp., the poster child of the AI boom, suffered the biggest market-cap loss for a single stock in market history.

28.01 / 01:25

markets COST Analysis Trade Experts World’s richest people lose $108 billion after DeepSeek selloff

Billionaires whose fortunes are linked to artificial intelligence were the biggest losers: Huang saw his fortune fall $20.1 billion, a 20% drop, while Oracle Corp. co-founder Larry Ellison’s $22.6 billion loss was larger in absolute terms, but represented just 12% of his fortune, according to the Bloomberg Billionaires Index. Dell Inc.’s Michael Dell lost $13 billion, and Binance Holdings Ltd. co-founder Changpeng “CZ” Zhao shaved $12.1 billion.

28.01 / 01:25

markets Digital Strategy President Experts PAM social Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump's tax cuts

Scott Bessent on Monday to serve as President Donald Trump's treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn't jeopardize growth.

28.01 / 01:25

Analysis Enterprise Hyundai Trade Experts reports rights Stocks in news: Tata Steel, Bajaj Auto, Cipla, ITC, Coal India

Tata Steel, Bajaj Auto, Cipla, ITC, Coal India among others will be in focus due to various news developments and third quarter results. Tata Steel Tata Steel on Friday reported a 36% year-on-year fall in its December quarter consolidated net profit at Rs 327 crore versus Rs 513 crore posted in the year ago period.

28.01 / 01:25

markets Digital Strategy Experts PAM stage Trump says will build 'Iron Dome' missile shield

28.01 / 01:25

markets Progressive Analysis NVIDIA Trade Experts Nvidia’s $589 billion DeepSeek rout is largest in market history

Nvidia shares tumbled 17% Monday, the biggest drop since March 2020, erasing $589 billion from the company’s market capitalization. That eclipsed the previous record — a 9% drop in September that wiped out about $279 billion in value — and was the biggest in US stock-market history.

28.01 / 01:25

markets Analysis NVIDIA Research Trade Experts DeepSeek sparks global AI selloff, Nvidia losses about $593 billion of value

DeepSeek launched a free AI assistant that it says uses less data at a fraction of the cost of incumbent services. By Monday, the assistant had overtaken U.S. rival ChatGPT in downloads from Apple's app store. This led the tech-heavy Nasdaq to fall 3.1% on Monday. Nvidia was the Nasdaq's biggest drag, with its shares tumbling just under 17% and marking a record one-day loss in market capitalization for a Wall Street stock, according to LSEG data. Nvidia's market-cap loss on Monday was more than double the previous one-day record, set by Nvidia last September.

28.01 / 00:19

markets IPO Sustainability trends Trade recommendations Pharmaceuticals Stocks to buy: Two stock recommendations from MarketSmith India for 28 January

Subscribe to enjoy similar stories. The Nifty 50, India's benchmark index, extended its losing streak for a second consecutive session on Monday, 27 January, closing below 22,829.15. The index opened the day with a gap-down at 22,940 and remained range-bound between 22,786 and 23,007.

breaking news about India

What is the current situation in India?

In India, the spotlight is on socially significant developments that affect the region’s daily life.

Where can I find reliable news about India?

We publish verified updates about the situation in India, based on information from official representatives.

What shapes the media agenda in India?

The news landscape of India is shaped by major cultural and social events, reflecting its unique context.