India Financial News

Pete Hegseth, President Donald Trump's nominee for defense secretary, paid $50,000 to the woman who accused him of sexual assault in 2017, according to answers he provided to a senator during his confirmation process that The Associated Press has obtained.

Asian equities rose, following a rebound in technology stocks that pushed Wall Street to a record high. Oil fell after President Donald Trump urged OPEC to lower crude prices and said he will push for interest-rate cuts. Equity benchmarks rose in Tokyo ahead of a key interest rate decision by the Bank of Japan later Friday, where a hike is expected. Stocks also rose in Sydney and Seoul. The S&P 500 advanced 0.5%, with the gauge topping the 6,100 milestone. Tech shares, which weighed heavily on the market throughout most of the session, rebounded in the final stretch of trading. A gauge of dollar strength was flat.

Gaza between Israel and Hamas stretched into a fifth day on Thursday. Humanitarian aid groups are working to surge food and supplies to the war-ravaged territory as Palestinians scour through mountains of rubble looking for bodies of those killed by Israeli bombardments during the 15-month war.

Narendra Modi has made a point of cultivating Indians abroad and sometimes gifts foreign leaders a bit of his star power for their own campaigns. He attended a joint rally in Texas during President Donald Trump’s first term, for example.

Donald Trump has signed an executive order to enhance America's global dominance in artificial intelligence and make it «free from ideological bias or engineered social agenda» by eliminating the Biden administration's policies in the matter. It called for departments and agencies to revise or rescind all policies, directives, regulations, orders, and other actions taken under the Biden AI executive order that are inconsistent with enhancing US leadership in artificial intelligence.

JSW Steel, Adani Green, Indus Towers, Dr Reddy's, Patanjali Foods among others will be in focus due to various news developments and third quarter results. IndiGo, JSW Steel, DLF, Godrej Consumer Shares of IndiGo, JSW Steel, DLF and Godrej Consumer will be in focus as the companies will announce their third quarter results later today.

mutual funds eyeing a thematic bet could put money in banking sector funds as cheaper valuations provide a higher margin of safety in an uncertain market. Wealth managers recommend investors allocate 5-10% of their overall portfolio to banking funds.

Subscribe to enjoy similar stories. Dutch pension fund APG, Japan’s Marubeni Corp., Canada Pension Plan Investment Board (CPPIB) and the UAE's Mubadala Investment Co. are among investors who have expressed interest in Macquarie Asset Management’s Indian fleet electrification platform Vertelo, two people aware of the development said.

Subscribe to enjoy similar stories. India's education sector is holding its breath to see what's in store for it in the Union budget for 2025, to be presented on 1 February. The National Educational Policy (NEP) introduced in 2020 aims to achieve complete literacy by 2025, and this budget is crucial to achieving that goal.

Subscribe to enjoy similar stories. Nifty50, India's benchmark index, ended higher on Thursday at 23,205.35 in a range-bound session. The index started the session on a muted note at 23,128.30 and traded sideways within a range-bound zone of 23,270.80–23,090.65, supported by IT, pharma, and auto stocks.

Subscribe to enjoy similar stories. New Delhi: The Indian government is preparing a new blueprint to address key issues in imports of American apples, oil, electric vehicles, satellite communications, among others, as it gears up for trade talks with the US. These discussions aim to strengthen ties with the world’s most powerful country, now guided by the 'America First' policy espoused by its new president Donald Trump.

Subscribe to enjoy similar stories. Has India taken its foot off the gas? This question has begun plaguing boardrooms as the reigning “fastest-growing large economy" witnesses a slowdown. While some might say this is cyclical, concerns are rising that this slowdown is symptomatic of deeper structural challenges.

Subscribe to enjoy similar stories. Pidilite Industries Ltd: Current market price ₹2,909.65| Buy range ₹2,850–2,920| Profit goal ₹3,350| Stop loss ₹2,720| Timeframe 2–3 Months Paras Defence and Space Technologies Ltd: Current market price ₹1,079.05 | Buy range ₹1,060–1,090| Profit goal ₹1,290 | Stop loss ₹1,008| Timeframe 2–3 Months Zensar Technologies Ltd: Buy above ₹841| Stop ₹823 | Target ₹925 IT sector, after going through a rough patch, is now showing a resumption in the bullishness, and this stock is showing some signs of bottoming out with some steady buying at lower levels thus highlighting the genuine buying emerging. With momentum stepping up one can consider more possibility of continued upward bounce.

Subscribe to enjoy similar stories. A succession of executive orders by the outgoing and the new presidents of the United States have left India’s artificial intelligence (AI) and semiconductor businesses and the nation’s policymakers worried. It only underscores the need for locally developed core technologies for economic prosperity, while relying on diplomacy to tide over the immediate risk.

Subscribe to enjoy similar stories. The Centre may drop its plan to merge three general insurers and instead pick one of them for privatization this fiscal year, two people aware of the development said. The other two may be provided additional capital to strengthen their balance sheets, the people cited above said on the condition of anonymity.

Coforge and Persistent Systems soared 11.5% and 10.3%, respectively, on Thursday. KPIT Technologies and Mphasis gained over 3% each, while LTI Mindtree and L&T Technologies rose 2.4% and 1.06%, respectively. Cyient moved up 2%.

Indian Cybercrime Coordination Centre (I4C) to tackle the growing problem of financial frauds.