India Financial News

chips. The thick-cut french fries have been hanging around British pans for around 350 years, since potatoes arrived in the late 1500s, by way of Peru and Virginia. They’re key to the UK’s quintessential working-class dishes, starting with fish-and-chips. More recently, as pubs have struggled, they’ve given the drinking spots an additional revenue stream.

electric vehicle maker Euler Motors on Wednesday said it has secured up to USD 20 million in debt from responsAbility Investments AG to ramp up production and distribution networks as well enhance research and development capabilities. The fresh capital infusion comes close on the heels of the company closing its Series C funding round, raising an additional Rs 200 crore from investors including British International Investment, Blume Ventures, and Piramal Alternatives India Access Fund, Euler Motors said in a statement.

Supreme Court on Wednesday sought responses from the Centre and the poll panel on Congress general secretary Jairam Ramesh's plea against the recent amendments, including no public access to CCTV, to the 1961 election rules. A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar took note of the submissions of senior advocates Kapil Sibal and Abhishek Manu Singhvi, appearing for Ramesh, and issued notices on the plea.

NARCL) has emerged as the preferred bidder to take over the distressed Jaiprakash Associates Ltd (JAL) after process advisor IDBI Capital Markets & Securities (ICMS) did not receive any competing bid to the Rs 12,000 crore offer by the government backed bad loan aggregator.

«The large private sector banks is one such pack, while there are of course near term headwinds, credit growth has slowed down, there are pockets of asset quality stress, and margins have been under pressure, we believe that the valuations for that largecap banking space specifically the private sector banks is possibly more than capturing in these kind of headwinds,» says Shibani Sircar Kurian, Kotak Mahindra AMC. The correction that we have been seeing recently, the kind of fall that we have seen across indices, be it the largecap, the midcap, smallcap, do you believe that the valuations have corrected enough to make these stocks attractive now? Do you believe the kind of correction we have seen in valuations is significant enough for us to now confidently say that only good days are ahead? Shibani Sircar Kurian: So, when you look at the correction that we have seen recently over the last couple of months, you must put it in context of what has happened in the last four years, especially since post COVID period. Our markets have had a significant uptrend and it has been a one-way move in the market and therefore, in that context, we must look at the last two months of correction and volatility as something that is possible, given that equity markets have seen such a one-way up move.

Global management consulting firm Kearney has appointed Siddharth Jain as the new managing partner and country head for its India business. Taking over from Kaushika Madhavan from Jan 1, 2025, Siddharth will oversee business strategy and operations of Kearney India.

Meta CEO Mark Zuckerberg is cohosting a reception with billionaire Republican donors next week for Donald Trump's inauguration, the latest sign of the Facebook founder's embrace of the president-elect. The reception cohosted by Zuckerberg is set for Monday evening, shortly before the inaugural balls, according to two people familiar with the private plans who spoke to AP on condition of anonymity to discuss them.

Benchmark NSE Nifty index rose 61.55 points to 23237.6 amid buying in frontline bluechip stocks.

Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2025-2026 in February 2025, marking her eighth budget under the Modi government.

Canara Bank(up 2.23 per cent), Kotak Mahindra Bank Ltd.(up 1.74 per cent), State Bank of India(up 1.19 per cent), Federal Bank Ltd.(up 0.8 per cent) and Punjab National Bank(up 0.74 per cent) were among the top gainers.

Indian Hotels Company Ltd. traded 2.41 per cent up at Rs 800.80 at around 10:15AM (IST) on Wednesday. The stock had closed at Rs 781.90 in the previous session. Equity benchmark Sensex traded 239.07 points at 76738.7 around the same time.

Bharat Mobility Global Expo beginning on Sunday. The Bharat Battery Show will also showcase over 20 innovative product launches, factory announcements and international partnerships, a statement said. It will feature cutting-edge technologies in battery storage, battery recycling, and charging infrastructure. The three-day event is being organised by IESA (India Energy Storage Alliance) as a part of Bharat Mobility Global Expo 2025 at Bharat Mandapam here.

Ash Edelman, a 35-year-old Australian man, has drawn attention online for his varied life experiences. He has worked as a stripper, OnlyFans creator, bodybuilder, and monk before becoming a personal growth strategist. Edelman calls this “living multiple lives in one life,” according to his Instagram bio.

manufacturing inflation, according to a report by ICICI Bank.

energy stocks. The BSE Sensex rose 251 points, or 0.32%, to 76,748, while the Nifty50 gained 50 points, or 0.22%, to trade at 23,226 around 9:23 am.

Hybrid mutual funds or schemes that invest mostly in equity and debt fare better in an uncertain or volatile environment. Mutual fund experts believe that the markets are likely to be cautious and investors should also proceed with caution.

ICICI Securities has an add call on Sagility India with a target price of Rs 55. The current market price of Sagility India Ltd. is Rs 48.95. Four-pronged go-to-market strategySagility India Management's four-pronged strategy includes: 1) Continued mining of top clients? e.g. several top clients continue to grow in double digit, thus, increasing wallet share, 2) investing heavily to increase penetration into mid and smaller segment payers as Blue Ocean, 3) investing in technology such as AI, full scale platform based solutions, solution-bundling, and 4) M&A to enable inorganic growth, especially focussing on capability-based or mid-market segment acquisitions.

Facebook, Instagram, and WhatsApp, plans to lay off around 3,600 employees who are identified as low performers, according to an internal memo reported by Bloomberg. CEO Mark Zuckerberg described the decision as a step to «raise the bar on performance management and move out low-performers faster» as the company forges ahead in building out AI-powered services and immersive devices.

Shark Tank India Season 4 highlighted the sharp mathematical skills of Azhar Iqubal, who caught everyone's attention with his quick analysis during a pitch. When entrepreneurs Ravi Kumar and Disha Katharani, founders of Mumbai-based Imagimake, presented their business, Azhar pointed out a subtle difference between two competing offers, showcasing his prowess in valuation metrics. His explanation brought laughter and admiration from the other Sharks, making him the star of the episode.