India Financial News

Subscribe to enjoy similar stories. The first advance estimates released on Tuesday forecast India's growth at 6.4%, the slowest in four years. However, this number will undergo repeated revisions in subsequent releases.

Subscribe to enjoy similar stories. India’s commercial real estate skyrocketed last year primarily on the back of swelling demand from global firms scouring the country for office spaces, according to reports by top property consultants.

Subscribe to enjoy similar stories. New Delhi: The Union government is looking to fire up manufacturing activity—a crucial engine of economic growth that’s significantly slowed—by announcing factory clusters near major infrastructure projects and changes to tax and customs duties in the upcoming Budget.

Mudrex, a global crypto investment platform, is celebrating its 7th anniversary on January 10 with the announcement of a fee-free trading day on January 12, 2025, for all coins. This special gesture comes as the platform celebrates a year of extraordinary growth, including a 200% increase in its user base, which now exceeds 3 million, and a 20X surge in monthly trading volume, reaching $200 million. Commenting on the occasion, Alankar Saxena, Co-Founder and CPO of Mudrex said, “This fee waiver is our way of thanking our community for their unwavering support and trust”.

portfolio investors to make granular disclosures about their investors holding any ownership or economic interest. At present, certain foreign portfolio investors (FPIs) with equity assets under management (AUM) exceeding Rs 25,000 crore are required to provide granular details of all their investors or stakeholders on a look-through basis. The norms are aimed at preventing the possible round-tripping by certain promoters using the FPI route.

Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business. The conglomerate, which last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner, had on Thursday announced sale of 17.54 crore shares (13.50 per cent equity) in the company on January 10 (to non-retail investors) and on January 13 (to retail investors) at a floor or minimum price of Rs 275 apiece. The offer for sale (OFS) included an option to additionally sell up to 8.44 crore shares, or 6.50 per cent equity.

PFC Consulting has transferred a project special purpose vehicle (SPV) to Power Grid Corporation of India Ltd for Rs 7.43 crore. The SPV, Kudankulam ISTS Transmission Ltd is established for evacuation of power from Kudankulam Unit — 3 & 4 (2x 1000 MW), a regulatory filing said. Kudankulam ISTS Transmission is a wholly-owned subsidiary of PFC Consulting Ltd. The process for sale and transfer of the SPV to the successful bidder (PGCIL) was completed on January 10, 2025.

DPIIT) said Friday. “The report we are getting is that startups are returning to India. Angel tax (removal) is one issue that has helped bring some startups,” Bhatia said. Budget FY25 had abolished the angel tax or Section 56(2) VII B of the Income Tax Act that was introduced in 2012 as an anti-abuse measure aimed at tax avoidance and curbing money laundering through inflated valuations. Under this provision, if a closely held company issues shares at a price exceeding fair market value (FMV), computed in accordance with prescribed methodology, the difference is to be taxed as income from other sources.

Donald Trump is scheduled to take charge as the President of United States of America on January 22 and will announce a slew of policy-related decisions. However, the US is likely to witness a slow GDP growth in 2025. The world economy resisted battering by conflicts and inflation last year and is expected to grow a subdued 2.8 per cent in 2025, the United Nations said Thursday. In «World Economic Situation and Prospects 2025,» UN economists wrote that their positive prediction was driven by the strong although slowing growth forecast for China and the United States and by the robust performances anticipated for India and Indonesia. The European Union, Japan, and United Kingdom are expected to experience modest recovery, the report says. The report says the US economy outperformed expectations last year thanks to consumer and public-sector spending, but growth is expected to slow from 2.8% to 1.9 per cent this year.

Syrma SGS has signed a pact with Taiwanese PC brand MSI to manufacture laptops for the Indian market. As part of the agreement, Syrma will assemble laptops for MSI at its Chennai facility. The company will be taking a phased approach to localise manufacturing for MSI in India, starting with assembly with a technology transfer from MSI, the company said in a statement Friday. «It not only bolsters our IT hardware manufacturing portfolio but also underscores our ability to deliver high-quality, innovative solutions that meet the needs of global leaders like MSI,» said Satendra Singh, CEO, Syrma SGS.

capital on Friday as rupee hit record low amid consistent buying from retailers and stockists, according to the All India Sarafa Association. The precious metal ended the previous session at Rs 80,300 per 10 grams. However, silver traded flat at Rs 93,000 per kg on Friday.

This immense financial and emotional investment underscores the importance of strategic preparation for college admissions. With over 13 lakh Indian students pursuing higher studies abroad in 2024, as reported by the Ministry of External Affairs, the competition for spots at top universities is fierce. The U.S. remains a top destination, with 69% of Indian students selecting it, according to the Oxford International Student Global Mobility Index. The Open Doors Report 2024 further highlights that Indian students now form the largest group of international students in the United States. However, for many parents, the journey to international education is filled with questions: How can my child stand out in such a competitive landscape? Are there resources available to reduce the financial burden? How can I support my child in preparing for the rigorous demands of higher education? Programs like the SAT and Advanced Placement (AP) offer parents and students a pathway to address these challenges, helping them navigate the complex admissions process with confidence.

Interstellar" in cinemas and IMAX across the country to celebrate the 10th anniversary of the 2014 sci-fi film. The film will release in theatres on February 7. Nolan is known for his lavishly-mounted stories such as «The Dark Knight» trilogy, «The Prestige», «Inception», «Dunkirk» and «Oppenheimer». The film, starring Matthew McConaughey, Anne Hathaway, Jessica Chastain, Bill Irwin, Ellen Burstyn, Matt Damon and Michael Caine, revolves around a team of space explorers who travel beyond the galaxy to discover whether mankind has a future among the stars.

500 Indian currency notes being in circulation. While it could not be immediately verified how many of such fake Rs 500 currency notes are in circulation. However, this viral social media post highlights why it's a good idea to always check each and every feature of a currency note before using it. This will prevent you from falling victim to the fake currency note scam. The Reserve Bank of India (RBI) has published on its RBI Kehta Hai website detailed information about the features to check for in a real currency note.

The United Nations says the world economy resisted battering by conflicts and inflation last year and is expected to grow a subdued 2.8% in 2025

Vodafone Idea (Vi) has cleared Rs 1,910 crore of its old dues to Indus Towers using the cash raised by recently issuing fresh equity on a preferential basis to its UK co-promoter, Vodafone Group Plc. Following the fresh capital infusion, Vodafone Plc’s stake in Vi — its Indian telecom joint venture with the Aditya Birla Group — has risen to 24.39% from 22.56%. The acquiring Vodafone promoter entities in Vi are Omega Telecom Holdings Pvt Ltd and Usha Martin Telematics Ltd. “…Vodafone Promoters have utilised the proceeds amounting to Rs 1,910 crore, post-repayment of outstanding borrowing to their existing lenders, to acquire shares in Vi. Further, the proceeds of such capital raise have been received by the Company (read: Indus) from Vi towards part-repayment of the MSA (master service agreement) dues,” Indus Towers said in an exchange filing Friday.

unicorn startups has reached $340 billion, with seven new startups crossing the $1-billion valuation mark in 2024, according to a report by venture capital firm Orios Venture Partners. India now ranks as the third-largest nation, after the US and China, for venture capital-backed tech initial public offerings (IPOs), the India Tech Unicorns & Exits 2024 report said. These IPOs have pushed the total market capitalisation of India’s listed tech firms to around $150 billion. However, the report revealed an increase in the average time for Indian startups to achieve unicorn status, rising from 5.5 years in 2023 to 11 years in 2024. Similarly, the average time to go public went up from 12.5 years to 13.4 years during that period.

These decisions were taken in the cabinet meeting chaired by Chief Minister Nitish Kumar here. Talking to reporters soon after the meeting, Additional Chief Secretary S Siddharth said, «The cabinet approved a proposal for the acquisition of 89.75 acres of land worth Rs 244.60 crore for the development and expansion of the existing Darbhanga airport into an international airport. The state government will pay the amount to the owners of the land… land will be transferred to the Airport Authority of India for the project».

Bangladeshi cattle smugglers on the India-Bangladesh border in West Bengal's North 24 Parganas district on Thursday night, a statement from the paramilitary force said. In a retaliatory action carried out in self-defence, the jawans successfully foiled the smuggling attempt and recovered 10 bulls, it added. The incident took place at Khutadah border outpost (BOP), where BSF personnel saw smugglers approaching the border fence from the Indian side with cattle. Simultaneously, smugglers from the Bangladesh side crossed the international border into India. When the BSF jawans challenged them to stop, the smugglers ignored the warning and advanced aggressively, wielding sharp-edged spears while attempting to cut the border fence. In response to the threat, a BSF jawan fired a blank round as a warning.