India Financial News

Kaikyokan Aquarium, where a sunfish’s unusual behaviour caught everyone’s attention. The poor fish wasn’t its usual lively self, and the staff soon realised that loneliness was the surprising culprit. Their creative solution? Human face cutouts!

geo-economic fragmentation can decrease global GDP by up to USD 5.7 trillion, giving it a bigger blow than the financial crisis of 2008 or the COVID-19 pandemic, a new study showed on Thursday. India and some other emerging economies can bear the biggest burden in the most extreme fragmentation scenario, it cautioned.

Tata Consultancy Services (TCS) and Infosys stand poised to benefit from the weakening rupee, while Bharti Airtel and ANI Technologies, Ola's parent firm, face challenges as their dollar-denominated debts rise in cost. A Moody’s report highlighted the divergent fortunes of Indian corporates amid the rupee’s sustained decline. As the rupee continues its downward slide, losing over 20% against the U.S. dollar since 2020, TCS and Infosys, both rated “Baa1 stable" by the ratings agency Moody’s, are well-positioned to capitalize on the currency depreciation. Their revenues are largely denominated in dollars, while costs are incurred in multiple currencies, including the rupee, giving them a natural advantage as the rupee weakens, Moody’s said.

Donald Trump that Scotch whisky and other goods should be spared from any tariffs by the new administration, UK finance minister Rachel Reeves said on Thursday, as per a report.

Samsung will raise investments in Indian R&D centres at Bengaluru and Noida that have played a key role in development of AI features for its latest smartphone Galaxy S25, the company's President and Head of Mobile eXperience (MX) Business T M Roh said on Thursday and added that the firm expects a larger role from these research facilities in future.

weight loss drug. During a recent podcast episode, Winfrey revealed that her use of the drug had led her to a surprising realization about thin people.

NATO Secretary General Mark Rutte on Thursday urged the United States to keep supplying Ukraine with weapons to fight Russia's invasion and said he was sure Europe was ready to pay the bill.

Ukraine war or face severe economic consequences. This move comes as Trump attempts to fulfill his promise of ending the conflict swiftly, a promise that has already faced skepticism. On Truth Social, Trump warned Putin of high taxes, tariffs, and sanctions on Russian goods if a peace deal is not reached soon. Despite the tough rhetoric, Trump also expressed his admiration for the Russian people and his past good relations with Putin, highlighting the complex nature of their relationship.

Kotak Mahindra Bank on Thursday said it has completed the acquisition of Rs 3,300 crore personal loan book of Standard Chartered Bank India following regulatory approvals. After having received the necessary regulatory approvals and upon fulfillment of the relevant conditions precedent, the bank on January 23, 2025, completed the acquisition, Kotak Mahindra Bank said in a regulatory filing.

These companies are the three oil refining and marketing companies (OMCs), Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOCL), building materials producer UltraTech Cement, Bharti Airtel and ride sharing company ANI Technologies Pvt Ltd.

UltraTech Cement posted a lower-than-expected drop in profit for the December quarter, with the consolidated bottomline of Rs 1,470 crore down 17% on year, as against an expected drop of 20-30%. The country’s largest producer of cement announced earnings during market hours, and its shares surged to end nearly 7% higher at Rs 11,420.90 rupees on the NSE. While shares of Kesoram Industries ended 6.5% higher at 218.63 rupees, those of India Cements, a subsidiary of the company, ended in the red.

Elisabeth Svantesson, nighttime satellite photos of Russia's capital is being used to understand the latest standing of the Russian economy.

SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as high-bandwidth memory (HBM) used in generative artificial intelligence chipsets, as per a report.

Tech giant OpenAI’s AI chatbot ChatGPT was hit by a global outage on Thursday, with thousands of users reporting trouble accessing the application and the website.

Bank of America CEO Brian Moynihan has dropped in a rather interesting revelation, claiming that big banks like his, will soon have to accept cryptocurrencies like Bitcoin and Ethereum for major financial transactions in the near future.

Kremlin declined on Thursday to comment on UK accusations that a "Russian spy ship" passed through British waters, a day after London issued a warning to President Vladimir Putin.