India Financial News

Mark Zuckerberg, CEO of Meta, has once again criticised Apple, accusing the tech giant of stagnation in innovation and operating a restrictive ecosystem that hampers competition. Speaking on Joe Rogan’s podcast, Zuckerberg addressed issues ranging from Apple’s reliance on iPhone sales to its App Store policies and closed ecosystem practices.

Kingfisher, one of the country's most popular brands, after Heineken-controlled United Breweries last week suspended its sales in a dispute over prices.

Delhi Chief Minister Atishi could not file her nomination from the Kalkaji Assembly constituency on Monday, an AAP leader said.

Singapore President Tharman Shanmugaratnam will make a State Visit to India from 14 to 18 January 2025, at the invitation of the President Droupadi Murmu. Tharman’s State Visit commemorates the 60th anniversary of the establishment of Singapore-India diplomatic relations. He will visit New Delhi from 15 to 16 January, and Odisha from 17 to 18 January.

Joy n Crew said it has roped in senior officials from Cox & Kings, one of the world’s oldest travel brands to strentghthen their top management.

Apar Industries as a giant that is still growing, domestic brokerage firm Nuvama initiated coverage on the stock with a ‘buy’ rating and a target price of Rs 12,700, signaling an upside of 25.5% from Monday’s closing price. “We argue that APAR is a favored play on India’s T&D capex super-cycle, which would spur demand for high-value-added/efficient conductors. Re-conductoring and export pick-up can further drive growth (18%+ EPS CAGR over FY24–27E at 23% RoE),” said Nuvama in its report.

Awami League absent from the political stage following the 5 August 2024 political changeover, the two long-standing allies, Bangladesh Nationalist Party (BNP) and Jamaat-e-Islami (JeI), appear to be drifting apart as they vie for dominance ahead of the upcoming elections. The BNP has been trying to distance itself from the JeI to gain more support from secular and international communities. This move has led to internal disagreements within the BNP, as some leaders still see value in maintaining ties with the JeI. Additionally, the JeI has been focusing on its own political agenda, which sometimes conflicts with the BNP's goals. Supporters of both parties have been particularly active on social media, exchanging harsh words and fueling the growing hostility between them.

Aragen on Monday said it has secured USD 100 million investment from private equity fund Quadria Capital. The investment will result in Quadria acquiring a minority stake in Aragen, at a valuation of around USD 1.4 billion, primarily through a fresh capital infusion, with a small portion from the sale of shares by existing investors, the company said in a statement.

Noida International Airport (NIA) in Jewar is set to open in four months. However, a critical question looms large for future passengers—how will they reach the airport? With limited public transport options currently available, concerns about accessibility are growing, a TOI report stated.

Jagmeet Singh, leader of Canada's New Democratic Party (NDP) and a former ally of outgoing Prime Minister Justin Trudeau issued a sharp rebuke to US President-elect Donald Trump’s statements about annexing Canada. In a video message shared on X (formerly Twitter), he said: “Our country is not for sale. Not now, not ever,” condemning Trump’s long-standing rhetoric about making Canada the 51st US state.

Paytm, operated by One 97 Communications, has announced its participation in the Maha Kumbh Mela by deploying its soundbox and card machines across the event to pay for parking, eateries, daily commutes and travel arrangements.

Domestic benchmark index NSE Nifty ended 345.55 points at 23085.95, while the BSE Sensex closed 1048.9 points down at 76330.01.

fiscal deficit targets, consolidation efforts, spending priorities, among others, as markets keenly observe how India’s fiscal policymakers plan to navigate a cyclical growth slowdown and elevated public debt. The first question investors are asking, according to Goldman Sachs, is whether the government will meet its FY25 fiscal deficit target of 4.9% of GDP. The brokerage said the answer to that is yes. Higher income tax collections and increased dividends from the Reserve Bank of India (RBI) and state-owned enterprises are expected to offset shortfalls in corporate taxes and excise duties. Lower-than-budgeted capital expenditure further supports the government’s ability to stay on track despite slower nominal GDP growth.

stocks rallied as much as 15% in Mumbai trading on Monday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Sri Chakra Cement(20.00%), Palash Securities(17.18%), Centenial Surg(16.23%) and AVI Products India (15.81%).

EcoBox Industrial Parks, a newly formed operating platform of Logicap Advisors, backed by Alta Capital, has acquired 50 acres of land for greenfield logistic asset development in Chennai’s Mannur locality in the first land deal this year.

Maha Kumbh in Prayagraj has gone viral on social media, showing an altercation between a YouTuber and a sanyasi, popularly known as Nakhoon Baba. The festival, which draws a large number of devotees for the holy dip at the Sangam, witnessed an unusual disruption when the Baba reacted angrily to questions from the YouTuber.