India Financial News

Indian gem and jewellery market, currently valued at USD 85 billion, is poised for rapid growth, projected to reach USD 130 billion by 2030 according to the Gem & Jewellery Export Promotion Council (GJEPC), the apex trade body of the gem and jewellery industry. While addressing a press conference Vipul Shah, chairman of GJEPC said “GJEPC has invested Rs 150 crores in the global generic promotion of diamonds till date. To strengthen this effort, GJEPC partnered with De Beers to promote diamonds through Retail Alliance in India, with a formal MoU signed on January 7."” De Beers Group, the world’s leading diamond company, and GJEPC announced the commencement of a strategic collaboration to strengthen the natural diamond narrative within the Indian gem and jewellery trade.

Maha Vikas Aghadi's rout in the state assembly elections, key constituent Uddhav Thackeray-led Shiv Sena (UBT) on Saturday announced to contest local bodies polls solo, a move raising question mark over the opposition bloc's unity. Shiv Sena (UBT) leader Sanjay Raut cited the lack of opportunities for workers of respective parties in an alliance and the right to organisational growth as the major considerations for contesting solo. Two days back, the Uddhav Thackeray-led party announced its support for Arvind Kejriwal's AAP in the February 5 Delhi Assembly elections, in a snub to the Congress. Reacting to Raut's announcement, a Congress leader said the party's central leadership will take a call on whether Congress will contest solo or otherwise in local body polls, the schedule of which is yet to be declared.

export of nuclear energy technologies, so the sanctions are seen as a form of unfair competition from unfriendly states," it said. «For nearly three years, we have operated under growing sanctions pressure, adapting successfully and remaining prepared for any scenario. Rosatom continues to meet all its commitments to partners in full,» Rosatom said in a statement. President Joe Biden's administration announced Friday that it's expanding sanctions against Russia's critically important energy sector, unveiling a new effort to inflict pain on Moscow for its grinding war in Ukraine as President-elect Donald Trump gets set to return to office vowing to quickly end the conflict. Two Indian companies-Skyhart Management Services and Avision Management Services- and senior officials from Rosatom which specialises in nuclear energy, nuclear non-energy goods and high-tech products were among the over 150 entities and individuals, including major Russian oil producers Gazprom Neft and Surgutneftegas, Russian insurance companies, and shadow fleet vessels, were imposed with restrictions.

Besides, India needs to add an average of 50 GW of renewable energy capacity per annum over the next six years to achieve its target. «Exponential growth from 13.75 GW in 2023 to around 30 GW in 2024, resulting in achieving nearly 218 GW now underscores India's growing commitment to clean energy and its progress in building a greener future,» New & Renewable Energy Minister Pralhad Joshi said in a post on X.

Chirag Shetty's impressive run at the Malaysia Super 1000 badminton tournament came to an end following a straight-game loss to Korea's Kim Won Ho and Seo Seung Jae in the semifinals, here on Saturday. Seeded seventh, Satwik and Chirag, who reached the finals last season, lost 10-21 15-21 in a 40-minute semifinal clash. «They played really well, and we could have followed our game plan a bit better. Instead, we played some random strokes, but kudos to them for playing a solid game,» Satwik told reporters. «Today, the pace of the game was very slow compared to the last three days. It's part of the game. It was a valuable learning experience for us. It is disappointing, but we have a long way to go. Today's match showed that we can still make it a good fight.»

Shashi Tharoor on Saturday condemned Maharashtra minister Nitesh Rane's remark on EVMs, describing it as «shocking» and contrary to the inclusive values upheld during India's freedom struggle. Stating that targeting any particular community is wrong, Tharoor asserted that everyone is an equal citizen of the country and that's the only way for the country to progress. Speaking to ANI, Tharoor said, «This kind of thing is quite shocking. In our country, we really have to understand the basic lesson of the freedom struggle, which is that when one set of people said that religion is the basis of their nationhood. They went away and created Pakistan. Mahatma Gandhi onwards, our leader said we have fought for the freedom of everybody. We will create a country for everybody, we will write a constitution for everybody, and everybody will live here with equal rights.»

Ashwini Vaishnaw said in Pune on Saturday. The minister also said C-DAC plays a major role in this regard. The Centre for Development of Advanced Computing (C-DAC) is the premier organisation of the Union Ministry of Electronics and Information Technology (MeitY) for carrying our research and development in IT, electronics and associated areas. Vaishnaw launched one VEGA-based SoC ASIC and two DIR V VEGA processor based development boards designed and developed by C-DAC.

They were picked up by the police from Bongaon-Bagda Road in Bongaon town, located close to the international border, after they were spotted moving around suspiciously on Friday, the official said. They were produced before a court, which sent them to four days' police custody on Saturday, he said.

Gold jewellery cost calculation: How jewellers calculate price of gold jewellery Gold prices have historically increased during times of economic turbulence or uncertainty because investors frequently see it as a «haven» asset that can hold its value even while other investments, such as stocks, are struggling.

EMA Partners India on Saturday said it is looking to raise Rs 76 crore on the NSE's Emerge platform through an initial public offering, which will open for public subscription on January 17. The issue with a price band of Rs 117-124 apiece will conclude on January 21. The bidding for anchor investors will open for a day on January 16, the company said in a statement. At the upper end of the price band, the company will raise about Rs 76.01 crore.

Subscribe to enjoy similar stories. A series of paintings on showcase at DAG, Mumbai, showcase Bombay’s transformation from a colonial centre and a major port into the megapolis that we know as Mumbai today. Titled ‘Once Upon a Time in Bombay’, the exhibition, which opened as part of the Mumbai Gallery Weekend, chronicles the city’s evolving landscapes through the 19th and 20th centuries.

Maha Vikas Aghadi's rout in the state assembly elections, key constituent Uddhav Thackeray-led Shiv Sena (UBT) on Saturday announced to contest local bodies polls solo, a move raising question mark over the opposition bloc's unity. Shiv Sena (UBT) leader Sanjay Raut cited the lack of opportunities for workers of respective parties in an alliance and the right to organisational growth as the major considerations for contesting solo. Two days back, the Uddhav Thackeray-led party announced its support for Arvind Kejriwal's AAP in the February 5 Delhi Assembly elections, in a snub to the Congress. Reacting to Raut's announcement, a Congress leader said the party's central leadership will take a call on whether Congress will contest solo or otherwise in local body polls, the schedule of which is yet to be declared.

markets extended their decline over the past five sessions and ended the week on a negative note. While the week started on a bearish note, the Nifty violated a few key levels on higher and lower time frame charts. Along with the weak undercurrent, the trading range widened again as the Nifty moved in a 745-point range. The volatility spiked up, and India Vix surged 10.16% to 14.91 on a weekly basis. Following a thoroughly bearish undertone, the headline index closed with a net weekly loss of 573.25 points (-2.39%).

Honey Singh is back! The popular singer and rapper has officially announced his Millionaire India Tour 2025, and tickets went live on January 11 at 2 pm. If you’ve been waiting for this moment, now's your chance to grab those tickets! The concert will take place in 10 cities across India, including Mumbai on February 22, Lucknow on February 28, Delhi on March 1, Indore on March 8, Pune on March 14, Ahmedabad on March 15, Bengaluru on March 22, Chandigarh on March 23, Jaipur on March 29, and wrapping up in Kolkata on April 5.

NLC India Ltd on Saturday said its renewables arm has entered into a joint venture pact with Assam Power Distribution Company Ltd (APDCL) for developing 1000 MW solar power projects in Assam. The pact has been signed between NLC India Renewables Ltd (NIRL) and APDCL, a company statement said. While NIRL will have 51 per cent stake in the JV, APDCL will have 49 per cent. As per the pact, NIRL will bring its expertise in renewable energy project development and APDCL will facilitate land acquisition, regulatory approvals, and power evacuation infrastructure. Power purchase pacts will be signed with Assam discoms for the sale of 100 per cent of the generated power for 25 years.

Tiku Talsania, 70, suffered a severe heart attack on Friday, January 10, and is currently undergoing treatment at Kokilaben Dhirubhai Ambani Hospital in Mumbai. A stalwart of Indian cinema and television, Talsania has carved a niche for himself with his impeccable comic timing and memorable roles. He rose to prominence through classic Bollywood comedies such as Andaz Apna Apna, Ishq, Jodi No. 1, and Partner. His versatility as an actor also led to performances alongside industry giants, including Shah Rukh Khan in the critically acclaimed Devdas. Beyond films, Tiku Talsania made significant contributions to Indian television, appearing in popular shows like Sajan Re Phir Jhoot Mat Bolo, Yeh Chanda Kanoon Hai, Ek Se Badhkar Ek, and Zamana Badal Gaya Hai. His performances in these serials further established him as a beloved figure in the entertainment industry, adored by audiences for his humor and charisma.

human metapneumovirus (HMPV) infection, marking the first reported case this season, officials confirmed on Saturday. The child is currently being treated at Assam Medical College and Hospital (AMCH) in Dibrugarh and is said to be in stable condition. In a PTI report, the superintendent of AMCH Dr. Dhrubajyoti Bhuyan shared that the child had been admitted to the hospital four days ago with symptoms related to a cold. “The HMPV infection was confirmed after we received the test results from the ICMR-RMRC in Lahowal,” he said. The testing of samples for influenza and flu-related illnesses is part of the hospital's routine process.

Somanath Dash, an associate professor at the National Sanskrit University in Tirupati. It was unveiled at a youth festival held in Veraval, Gujarat, last week. According to a PTI report, the book features 1,200 verses (slokas) spread across 12 chapters, with English and Hindi descriptions included. It traces Modi's life, from his humble beginnings in Gujarat to his journey as Chief Minister of Gujarat and later as India's Prime Minister through his second term. «Inspired by his rise from a modest family background, Modi’s struggles and ascetic political journey have made him an inspiration for youth worldwide. I felt compelled to write about such a personality in Sanskrit,» said the 48-year-old associate professor.

CLSA has initiated coverage on the recently listed Hyundai Motor India with an «Outperform» rating and a target price of Rs 2,155, predicting an upside potential of 20.5%, citing the automaker's strong growth prospects and strategic expansion plans. Describing Hyundai’s positioning as ‘aspirational yet affordable’, the brokerage firm notes that while Hyundai is currently experiencing a period of low growth amid elevated utilization rates, the company's outlook remains promising.

BJP of attempting to deceive the Election Commission by submitting fake voter registration applications in large numbers from the residential addresses of its leaders. Addressing a press conference, AAP Rajya Sabha MP Sanjay Singh claimed that dozens of voter registration applications had been filed from single small shops and basements. He also accused the BJP of submitting multiple new voter registration applications using the residential addresses of their leaders. «This is the reality of the biggest political party in India. This is how Prime Minister Modi's party plans to win the elections,» Singh said, listing the names of BJP leaders, including union ministers, for their alleged involvement in the issue.

India Budget: India’s space ambitions are soaring, with the Indian Space Research Organisation (ISRO) positioning itself as a critical player on the global stage. However, as the nation charts its path to becoming a global space superpower, the question remains: Does India need a higher space budget to achieve its ambitious dreams? The answer may be found soon as India gets ready to present its Union Budget for the next fiacal year. Despite fluctuations in funding, the space sector has contributed significantly to India's economy. Over the past decade, the space sector has generated $60 billion for India’s GDP, creating 4.7 million jobs, including 96,000 in the public and private sectors, according to Socio-Economic Impact Analysis of Indian Space Programme. The sector's contributions are particularly evident in areas such as satellite-based weather forecasting, which benefits millions of farmers and fishermen across the country. ISRO’s satellites also provide high-resolution imagery that plays a crucial role in national security. Click here to find out more about what may happen in Union Budget 2025