India Financial News

Chandrababu Naidu has proposed allowing only individuals with more than two children to contest municipal and panchayat elections. The announcement comes months after the state assembly repealed a 30-year-old law that barred individuals with more than two children from participating in local body elections, a TOI report stated.

Embassy Group, which runs a real-estate investment trust (REIT), plans to raise Rs 1,600 crore of fresh debt through zero coupon bonds to fund new projects, refinance existing debt, and acquire a 5% stake in WeWork India from WeWork Global, sources close to the development told ET.

world's first triple flash camera" in India. The phone comes in two storage models.

Subscribe to enjoy similar stories. Household Consumption Expenditure Survey (HCES) data has been making headlines for its deep dive into India’s standard of living and evolving consumption patterns. The latest HCES 2023-24 fact-sheet, released hot on the heels of the 2022-23 micro-data, offers a treasure trove of insights into shifting consumption over the past year.

Union Budget 2025 draws near, all eyes are on the Government’s fiscal strategy to navigate India’s economic aspirations amidst global uncertainties.

foreign institutional investors (FIIs) have been net sellers, offloading about $23 billion from October 2024 to January 2025. The prevailing narrative attributes this to a weakening Indian economy. However, a closer examination reveals a more nuanced reality.

«So, the best thing to do at this point in time is to look for put options on the Nifty or create a bear spread using these two levels and participate on the downside,» says Rahul Sharma, JM Financial Services. Definitely, a gap up start for the Indian markets and good part is we are sustaining those levels but where do you see the markets headed? Are we in for a pre-budget rally maybe or the market can halt a bit before continuing the leg up? Rahul Sharma: So, this seems like a dead cat bounce of sort because the volumes especially if you simply track the Nifty volumes they have not been increasing in the last three trading sessions, that goes to show that the stronger hands are not really buying in this bounce back.

Indian Hotels Company Ltd. traded at Rs 809.15 on BSE at 01:38PM (IST) on Thursday, 0.32 per cent from previous close. The scrip quoted a 52-week low price of Rs 450.55 and a high of Rs 894.15.

Subscribe to enjoy similar stories. Rajiv, an entrepreneur who runs a mid-sized manufacturing unit in Pune, enjoyed the rewards of his hard work—expanding operations, lucrative contracts, and a growing personal wealth portfolio. Yet, a market downturn and an unforeseen lawsuit exposed cracks in his financial foundation.

Subscribe to enjoy similar stories. The quarterly earnings season is in full swing, offering a glimpse into how India Inc. has performed during the October-December 2024 period.

Kalyan Jewellers India have witnessed a dramatic selloff this month, erasing Rs 27,400 crore in market value in just two weeks. The stock has plummeted 33.7% during this period, with its market capitalization now standing at Rs 53,949.23 crore. On Thursday, the Kalyan Jewellers shares were down 6.7% to Rs 518.40 on the BSE, following an 8% drop on Wednesday, which included hitting a 10% lower circuit. This marked the ninth decline in the last 10 trading sessions, a period that has seen the stock gain only once.

Digvijay Singh on Thursday condemned the remarks of RSS Chief Mohan Bhagwat over «Independence» and said that the latter should apologize as he has hurt the sentiments of the people of the nation.

Havells India Ltd. 1.37 per cent to Rs 1548.60 at 01:02PM (IST) in Thursday's trade. The stock hit a high of Rs 1557.50 and low of Rs 1525.00 so far during the session. The stock had closed at Rs 1527.65 in the previous session. The counter had a total traded volume of 01:02PM shares so far with a turnover of Rs 2.93 crore on BSE. The stock traded at a price-to-earnings multiple of 68.63 and a price-to-book ratio of 12.75.

The founder of the muckraking financial research firm Hindenburg Research says he is disbanding the organization after finishing the work it set out to do

Subscribe to enjoy similar stories. The issue of mandatory attendance at India’s colleges and universities made news recently when BITS Pilani vice-chancellor V. Ramgopal Rao lauded his institution’s long-standing zero-attendance policy.

Subscribe to enjoy similar stories. Indian hospitals are likely to witness steady year-on-year (y-o-y) earnings growth in the December quarter (Q3FY25), even as sequential performance may be impacted owing to seasonality. Investors can expect hospitals to fare better than diagnostics companies.

Subscribe to enjoy similar stories. Bengaluru: Heads Up For Tails (HUFT) has started talks to raise $40 million from new and existing investors, three people familiar with the matter told Mint, underscoring the growth potential of the pet care sector. “The discussions are still at very early stages and depending on the deal construct, existing investors including Peak XV and Verlinvest are expected to participate in the round," one person said on condition of anonymity.

Groww Mutual Fund's New Fund Offer of Groww Nifty India Railways PSU Index Fund, Groww Nifty India Railways PSU ETF are open for subscription and will close for subscription on January 30. The schemes will be benchmarked against the Nifty India Railways PSU Index – TRI and will be managed by Abhishek Jain.

e-commerce exports have seen a commendable rise. An EY-Assocham study put the country’s e-commerce exports at $4-5 billion in FY23, with a target of $200 billion by 2030. E-commerce has helped give small businesses a level playing platform to sell to a much bigger market. The business requires minimal investment and with enablers and push from global players like Amazon, eBay as well as cross-border payment platforms like Payoneer, e-commerce export is becoming a lucrative option for many MSMEs in India.