India Financial News

Indian IT professionals in the US are jittery on the eve of Donald Trump's official oath of office as the 47th President of the United States on January 20. These are mostly in the entry to mid-level employees and are anxiously waiting for clarity on H1B visas and Green card policies to unfold with the new President taking charge, experts said.

BFSI) and rupee depreciation in a seasonally weak third quarter (Q3) of the financial year has brightened prospects for India's $254 billion outsourcing industry. This, along with growing momentum for artificial intelligence (AI) adoption across enterprises, has put growth in core markets on track for 2025. Top six software service providers, reporting earnings over the past two weeks, have witnessed revival in the key regions and business verticals of North America and BFSI, with at least three companies — Infosys, HCLTech and Wipro — upgrading guidance, although manufacturing continues to be soft in Europe. «The December 2024 quarter earnings of major Indian service providers — Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro and TechM — indicated signs of recovery, though the current growth and margins performance was tepid,» said Prashant Shukla, vice president at Everest Group.

ePlane Company, an IIT-Madras-incubated startup, announced that it has received Type Certification for its e200X aircraft, which meets the highest safety and operational standards for commercial service. The Directorate General of Civil Aviation (DGCA) has granted formal acceptance for the Type Certification of its electric Vertical Take-Off and Landing (eVTOL) aircraft.

Kotak Mahindra Bank has indicated that the Reserve Bank of India (RBI) is reviewing the progress of its technology upgrades. The bank's management said that while it is in regular communication with the regulator, it cannot predict when the embargo on its digital ops would be lifted. «We are in constant touch with the RBI, we constantly give them updates and meet them, they do their own evaluation and this has been helpful,» Ashok Vaswani, managing director, Kotak Mahindra Bank, told analysts. «They (RBI) have provided us guidance. It's very hard to say at what stage the RBI will say we are going to lift you out of jail, I honestly don't know. Most of the work has been done.»

Amit Srivastava, a former investor at Ray Dalio's Bridgewater Associates, the world’s largest hedge fund, has come together with LetsVenture’s Shanti Mohan, former Info Edge executive Vivek Khare and Silicon Valley-based Gagan Saksena, to launch early stage venture capital fund SamVed, targeting a corpus of $50 million.

Four of the six central banks overseeing the 10 most heavily traded currencies held meetings since November, and have lowered their lending benchmarks.

stock splits, with some stocks trading as low as ₹1. Stock splits are intended to reduce the price of shares, making them more accessible to retail investors. However, several Indian small-cap companies have misused this mechanism, using it as a significant milestone to artificially inflate their stock prices.

Donald Trump will address the World Economic Forum’s annual meeting in Davos virtually and give it a miss in person—his glittering presidential inauguration in Washington DC will be underway just as the influential annual gathering of global movers and shakers, as well as many who fancy themselves to be, gets underway in this Swiss ski town.

Ajith Kumar's eagerly awaited film Vidaamuyarchi is scheduled for release on February 6, 2025. The actor will be returning to the screen with Vidaamuyarchi, showcasing his star power once again. Following its theatrical release, the film will be available on OTT in multiple languages, including Tamil, Telugu, Malayalam, Kannada, and Hindi.

Amitabh Kant, India’s G20 Sherpa and former Chief Executive Officer of the public policy think tank Niti Aayog, has emphasised the importance of increased private sector investment and state-level ownership of specific sports to advance the growth of India’s emerging sports industry, often regarded as a sunrise sector.

Immuneel Therapeutics, the Bengaluru-based cell and gene therapy company, has launched India's second CAR-T cell therapy Qartemi to treat patients with B-cell Non-Hodgkin Lymphoma (B-NHL) — an aggressive form of blood cancer — at less than one-tenth of the price of similar therapies available in Western countries.

Peugeot-Saveurs, which makes the culinary tools.

Bigg Boss 18. The grand finale, which aired on January 19, saw the television actor claiming the coveted trophy and a cash prize of Rs 50 lakh.

Budget 2025: The electronics industry, one of India’s largest export sectors, is hoping for major reforms in the upcoming Union Budget. With nearly all mobile phones sold in India now made locally, electronics manufacturing output reached $115 billion in FY24, with $29 billion coming from exports. The industry has set an ambitious target of achieving $500 billion in output by 2030.

Adani Group has appointed US law firms Kirkland & Ellis and Quinn Emanuel Urquhart & Sullivan LLP among others amid civil and criminal cases filed by the Securities and Exchange Commission (SEC) and the Eastern District of New York, according to sources. They are among the world's largest litigation firms.

Digital Edge DC, a National Investment and Infrastructure Fund (NIIF)-backed entity to fund part of its data centre project in Navi Mumbai, indicating higher preference among lenders to fund secured assets.

AAP national convener Arvind Kejriwal on Sunday proposed a joint housing scheme with the Centre for retired safai karamcharis (sanitation workers).