India Financial News

China Vanke Co.’s chairman and chief executive officer will both resign in an abrupt move after the embattled developer warned of a record 45 billion yuan ($6.2 billion) loss for 2024. Chairman Yu Liang applied to resign due to “work adjustment reasons,” but will remain as a director of the company, Vanke said in a filing to the Hong Kong stock exchange on Monday.

Donald Trump took a victory lap in Las Vegas on Saturday, basking both in his presidential victory in Nevada last year and the rapid-pace action of his first week in office. Twenty-five minutes into his speech, Trump arrived at its ostensible subject: the promise of eliminating taxes on tipped wages. He didn’t offer much new detail, but he did say he would begin working with lawmakers over the coming weeks to write new tax laws, including renewing the tax cuts he signed into law in 2017.

Lufthansa flight from Chennai to Frankfurt in June 2023 has culminated in a ruling from a Chennai court, which penalised the airline for its deficient service. The series of incidents, which involved wet seats, delayed flights, mishandling, and poor customer care, not only disrupted their travel but also resulted in both emotional and financial distress.

startup founders are stepping down from their companies, driven by personal and professional challenges, TOI has reported.

In an exclusive ETMarkets Livestream interview, Subho Moulik, Founder & CEO, Appreciate — a leading expert in global market investments, shares valuable insights into why Indian investors are increasingly turning to the US markets. With a focus on diversification, high-return potential, and exposure to cutting-edge sectors like AI, biotech, and semiconductors, Moulik outlines the growing appeal of the US as a key investment destination. He also discusses the impact of political shifts, currency fluctuations, and emerging trends, offering a comprehensive view of how Indian investors can benefit from diversifying their portfolios internationally. Edited Excerpts – What factors are driving the trend of Indian investors increasingly looking to invest overseas, particularly in markets like the US? Subho Moulik: Let’s start with the fundamentals as to why the US is attractive and increasingly appealing to Indian investors.

Amit Shah on Monday took a dip in the Triveni Sangam in Mahakumbh Nagar amid the ongoing Maha Kumbh. Flanked by some top seers, Shah took the dip around 1 pm.

Foreign Secretary Vikram Misri held a meeting with Chinese Foreign Minister Wang Yi in Beijing on Monday. Wang Yi noted that India and China have implemented the important consensus reached by Prime Minister Narendra Modi and Chinese President Xi Jinping during their meeting held in Russia's Kazan last year.

Prashanth Prakash, who was conferred the prestigious Padma Shri said on Sunday that the award recognises critical role that startups and the technology sector have played in nation-building, and he feels honoured to be chosen for it. The recognition — in the category of trade and industry — underscores Prakash's invaluable contributions to shaping India's entrepreneurial ecosystem and his impactful work in philanthropy.

Adani Wilmar's third quarter profit soared 104% year-on-year (YoY) to Rs 411 crore, while revenue from operations increased 31% YoY to Rs 16,859 crore. On a sequential basis, net profit jumped 32% from Rs 311 crore reported in the preceding September quarter. Meanwhile, revenues rose 17% quarter-on-quarter.

Chinese AI research lab, has introduced an advanced AI model, DeepSeek-R1, which is reported to rival leading AI systems from global giants such as OpenAI. The company claims that its model outperforms competitors in areas including mathematical reasoning, code generation, and cost efficiency. The release of this model signals a potential shift in the global AI landscape, where DeepSeek is emerging as a serious competitor, as reported by Wired.

Waaree Energies fell as much as 9.4% on Monday, reaching Rs 2,030 on the BSE, as investors fled renewable energy stocks amid concerns about the policy direction under U.S. President Donald Trump. The decline comes as fears mount over increased tariffs on solar imports and a potential rollback of pro-renewables legislation in the U.S., a key market for Indian solar exporters. The broader renewable energy sector was caught in the downdraft, with Adani Green Energy slipping nearly 3% to Rs 983, Premier Energies shedding 4.8% to Rs 952, NTPC Green Energy dropping 4.3% to Rs 107.35, and Suzlon Energy declining 5% to Rs 49.94.

Joint Parliamentary Committee scrutinising the Waqf (Amendment) Bill on Monday adopted all amendments proposed by the ruling BJP-led NDA members and negated every change moved by opposition members. The committee chairman Jagdambika Pal told reporters after the meeting that amendments adopted by the committee will make the law better and more effective.

Subscribe to enjoy similar stories. Among the bold reforms that India’s military is embracing, its organizational structure will change from 17 single-service commands to a more functional and operationally responsive network of 3-5 tri-service theatre commands. To ensure that the Army-led commands are headed by generals that the government considers suitable, the force is modifying its promotion policy at the highest levels.

Subscribe to enjoy similar stories. Scale and diversity were the two essential principles that Jugal Mistri picked up during his days as a student at Columbia University in the United States. They are an integral part of the process he follows at JMA Mumbai these days.

Subscribe to enjoy similar stories. Companies use various corporate actions, such as dividends, bonus shares, stock splits, and buybacks, to reward shareholders, distribute reserves, and improve market liquidity.

Subscribe to enjoy similar stories. Insurtech startup InsuranceDekho has raised capital from Beams Fintech Fund, MUFG Bank and C. Development, documents filed with the ministry of corporate affairs showed.

Hina Khan recently poured her heart out in an emotional Instagram post dedicated to her boyfriend, Rocky Jaiswal, while also sharing a series of heartfelt photos and videos. The post, shared on a Sunday, highlighted how Rocky has been her unwavering support system throughout her fight against cancer. In her note, Hina revealed the extraordinary measures Rocky took to be by her side, including shaving his head in solidarity with her, meticulously preparing for doctor visits, and taking care of her every need.

Cipla is expected to report a 3.1-7% year-on-year growth in its December quarter revenue, driven by demand for certain drugs, according to estimates by four brokerages. The topline range for Q3FY25 is projected to be between Rs 6,807 crore and Rs 7,070 crore. The company’s profit after tax (PAT) for the reporting quarter is expected to be in the range of Rs 1,170 crore to Rs 1,217 crore. Among the four brokerages, Axis Securities remains the most bullish on Cipla’s PAT figures, estimating a 14% YoY growth, while Nuvama Institutional Equities is the most conservative, expecting a 2.2% decline.