India Financial News
22.01 / 17:17
markets
Target
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PAM
rights
India sets target to register 10,000 GI products by 2030: Piyush Goyal
Piyush Goyal on Wednesday set a target to register 10,000 GI (geographical indication) products by 2030 from the current 605. A GI is primarily an agricultural, natural or a manufactured product (handicrafts and industrial goods) originating from a definite geographical territory.
22.01 / 17:17
markets
Hallmark
trends
audience
dance
International
When Calls the Heart Season 12: Episode 4 release date, time, episode count and where to watch
When Calls the Heart Season 12 continues to captivate its audience with its heartfelt narratives. Episode 4 of the show will be released on January 26, 2025 on Hallmark Channel.
22.01 / 17:17
Aviat
Airlines
Election
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Celebrity
India now has 99.1 crore voters: EC
Election Commission (EC) said on Wednesday. In a statement issued ahead of National Voters' Day, the EC said the electoral rolls bear a youthful and gender-balanced look with 21.7 crore young electors in the 18-29 age group and a six-point increase in electoral gender ratio from 948 in 2024 to 954 in 2025.
22.01 / 16:35
markets
Food
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country
Dry fruits industry seeks lower import duty in budget
Subscribe to enjoy similar stories. New Delhi: India’s dry fruits industry lobby has urged the government to lower tariffs on walnut imports, cut goods and services tax (GST) for the sector and introduce production-linked incentives (PLI) in the upcoming Union Budget.
22.01 / 16:17
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performer
song
Tips Music Q3 net jumps 27% to Rs 44 crore, Rs 3/share dividend announced
Tips Music, which has a catalog of over 30,000 music tracks, has recorded a 27% growth in net profit to Rs 44.2 crore for the quarter ended December 31, 2024. Revenue for the quarter was Rs 77.7 crore, marking a 20% YoY growth. Operating EBITDA stood at Rs 55.6 crore, reflecting a 28% YoY increase with a margin of 71.6%.
22.01 / 16:17
markets
Digital
Aviat
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International
ASA India surrenders microfinance licence, seeks to continue as business correspondent for banks
ASA International India Microfinance, a unit of London Stock Exchange-listed ASA International, has sought to surrender its microfinance licence due to its deteriorating financial health and inability to cope with the associated liquidity concerns.
22.01 / 16:17
markets
IPO
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Water purifier firm Kent RO files IPO papers with Sebi
markets regulator Sebi seeking approval to float an initial public offering (IPO). The issue is completely an offer of sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Tuesday. Promoters Sunita Gupta, Mahesh Gupta, and Varun Gupta are offloading shares in the OFS. Overall, promoters hold 99.77 per cent stake in the company at present.
22.01 / 16:17
UPS
Progressive
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rights
Pidilite Industries Q3 Results: Profit rises 9% to Rs 557 crore, revenue up 8%
Revenue from operations for the third quarter stood at Rs 3,368.91 crore, up about 8% from Rs 3129.99 crore in the same period year ago.
22.01 / 16:17
markets
Digital
Aviat
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Traffic
Domestic air traffic grows to 16.13 crore in 2024
domestic air traffic rose 6 per cent to 16.13 crore in 2024 on an annual basis, according to the latest official data. The Directorate General of Civil Aviation (DGCA) on Wednesday said airlines carried over 1.49 crore passengers in December 2024, an increase of 8.19 per cent compared to December 2023 when it stood at nearly 1.38 crore.
22.01 / 15:57
Manufacturing
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cover
Drone industry hopes for higher PLI outlay in budget
Subscribe to enjoy similar stories. The drone industry, one of India’s sunrise sectors, wants the government to increase allocations under the Production Linked Incentive (PLI) scheme in the upcoming Union Budget for 2025-26. In September 2021, the government announced a PLI scheme for the drone sector for a period of three years with a total financial outlay of ₹120 crore.
22.01 / 15:47
markets
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Aviat
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PAM
Max Estates, M3M group among top bidder in Noida authority’s Rs 1,500 crore auction
Max Estates and M3M group are among the developers who have emerged as the highest bidder for commercial land parcel auction by the Noida authority, fetching then over Rs 1,500 crore.
22.01 / 15:47
22.01 / 15:47
markets
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Sony
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reports
PE/VC bets grow 5 pc to $56 bn in 2024, current year to be challenging: Report
private equity and venture capital industry grew 5 per cent to USD 56 billion in 2024, after declining for two consecutive years, a report said on Wednesday. The ongoing calender year is going to be a «challenging» one with many uncertainties expected to unfold, the report by industry lobby grouping IVCA and consultancy firm EY said.
22.01 / 15:47
markets
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country
India examining US trade memo; directive on bilateral trade deal positive: Sources
Trump's memorandum — America First Trade Policy — to assess its impact on the bilateral trade with the US, which is its largest trading partner, sources said on Wednesday. They also said that the White House directive to the United States Trade Representative (USTR) to identify countries with which the US can negotiate agreements on a bilateral or sector-specific basis is a positive development for countries like India.
22.01 / 15:47
UPS
Aviat
Airlines
Trade
President
information
NITMA appeals to PM Modi to stop under-invoiced imports of synthetic knitted fabrics
Northern India Textile Mills’ Association (NITMA) has appealed to Prime Minister Narendra Modi to stop under-invoiced imports of synthetic knitted fabrics that are causing irreversible damage to the domestic textile industry. According to the association, this has led to a loss of over Rs 10,000 ccore to the exchequer by evading both direct and indirect taxes.
22.01 / 15:21
markets
Digital
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PAM
reports
Relationships
Elon Musk's mystery partner and mother of his 3 kids, Shivon Alice Zills, spotted at Donald Trump's dinner; who is she?
Shivon Zilis, Elon Musk’s mystery partner, was seen at Trump's dinner. When Elon Musk attended Donald Trump's pre-inauguration dinner with his mystery partner, many people questioned whether he was formally establishing a relationship with her.
22.01 / 15:21
Manufacturing
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Wendt (India) Dec quarter consolidated net profit at Rs 8.22 cr
quarter at Rs 8.22 crore, the company said on Wednesday. The abrasive and precision component manufacturer has reported a consolidated profit of Rs 9.60 crore during the corresponding quarter of last year. For the nine months ending December 31, 2024, the consolidated profit stood at Rs 26.59 crore, as against Rs 27.57 crore registered in the year-ago period, Wendt (India) Ltd, a Murugappa Group company, said in a press release.
22.01 / 15:21
22.01 / 15:21
22.01 / 15:21
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Hyundai
wellness
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Tata Motors looks to local battery play as EV competition rises
Tata Motors, India's biggest electric car maker, is betting that locally manufactured EV batteries will help it maintain its edge in an industry where competition is intensifying with new launches, its group CFO said in an interview.
22.01 / 13:01
markets
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wellness
Experts
Cycling
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budget 2025
Budget 2025 wishlist: Parity between debt and equity taxation
Subscribe to enjoy similar stories. There was a hue and cry after the Union Budget 2024-25 as the Centre increased the long-term capital gains (LTCG) tax on equity from 10% to 12.5%. However, since April 2023, the benefit of indexation has been taken away from debt-oriented mutual funds (MFs), and it is taxable at marginal slab rate (MSR).
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