India Financial News
09.01 / 18:15
markets
Citi
Strategy
country
social
travelers
Modi calls on diaspora to aid in, gain from India's progress
Indian diaspora worldwide to actively contribute to and benefit from India's journey towards becoming a developed country. «Every effort by the diaspora contributes to India's progress,» he said while inaugurating the 18th Pravasi Bharatiya Divas convention here.
09.01 / 18:15
markets
Digital
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PAM
Courts
There should be tax relief in budget as consumption slump is widely admitted: Dinesh Kanabar
budget, the spotlight is on tax reforms and their impact on economic growth, boosting consumption and attracting foreign investment. Dinesh Kanabar, tax expert and CEO of Dhruva Advisors LLP, shares his perspective in a discussion with ET. Edited excerpts:
09.01 / 18:15
markets
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Booking
Analysis
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Experts
IREDA Q3 PAT up 27% YoY backed by higher income
Indian Renewable Energy Development Agency (IREDA) Ltd’s net profit for the quarter ended December rose by over a fourth year-on-year to Rs 425.4 crore led by an increase in interest income. Revenue from operations of the non-banking financial company for the reporting quarter rose 36% on year to Rs 1,698 crore.
09.01 / 18:03
markets
UPS
Digital
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President
PAM
Raise mega dam project concerns with China: Ex-Arunachal CM Nabam Tuki to Centre
Arunachal Pradesh, Nabam Tuki, on Thursday said the Centre should take up with China the concern over the latter's move to build a mega hydel project dam on Yarlung Tsangpo in the Tibet region close to the border of the state.
09.01 / 18:03
09.01 / 17:43
09.01 / 17:37
09.01 / 16:53
markets
Provident
Digital
Strategy
Experts
PAM
ISRO to launch communication satellite of US-based AST SpaceMobile
ISRO) LVM3 rocket will launch in March a communication satellite of a US-based firm AST SpaceMobile that plans to provide space-based cellular broadband network services on smartphones. «The commercial LVM3-M5 mission, set for March, will deploy BlueBird Block-2 satellites under a contract with the US-based AST SpaceMobile,» an official statement said.
09.01 / 16:53
markets
Digital
Booking
Strategy
Experts
RAI
PAM
CBI books Karti Chidambaram in fresh corruption case
corruption against former finance minister P Chidambaram's son and Congress MP, Karti Chidambaram, for allegedly giving relief to alcoholic beverage company Diageo Scotland over a ban on the duty-free sale of its whisky, officials said Thursday. The case pertains to an alleged suspicious payment made to Advantage Strategic Consulting Pvt. Ltd, «an entity controlled» by Karti P Chidambaram and his close aide S Bhaskararaman by Diageo Scotland and Sequoia Capitals, the CBI FIR said.
09.01 / 16:53
markets
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Manufacturing
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country
information
India made hydrogen fuel train engine more powerful than others: Ashwini Vaishnaw
Ashwini Vaishnaw on Thursday said that the hydrogen fuel-run train engine developed by Indian Railways has the maximum horsepower in the world. Vaishnaw, who is also the Union Minister in charge of Information and Broadcasting and Electronics & Information Technology, said this while speaking at a plenary session titled «Green Connections: Diaspora's Contribution to Sustainable Development» of the Pravasi Bharatiya Divas convention here.
09.01 / 16:03
09.01 / 16:03
09.01 / 16:03
markets
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electronic
information
IBBI extends deadline for filing e-forms detailing liquidation processes till March
IBBI has extended the deadline till March 31 for insolvency professionals to submit electronic forms with details about liquidation and voluntary liquidation processes for cases under the insolvency law. In a circular on Thursday, IBBI said the deadline has been extended following representations from liquidators and insolvency professional agencies, citing technical challenges in submitting the required forms.
09.01 / 15:45
markets
UPS
Digital
Strategy
Experts
PAM
Lending rose faster than deposits in the December 27 fortnight
Lending rose faster than deposits in the last fortnight of 2024 with fortnightly growth in a year when credit and deposits have not moved ion tandem and banks struggling to raise deposits to meet credit demand.
09.01 / 15:45
markets
UPS
Analysis
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reports
IREDA Q3 Results: PAT jumps 27% YoY to Rs 425 crore, revenue surges 36%
Indian Renewable Energy Development Agency (IREDA) on Thursday reported a 27% jump in its December quarter net profit at Rs 425.38 crore versus Rs 335.53 reported in the the year ago period. The Q3FY25 total revenue from operations stood at Rs 1,698.45 crore which was up 35.6% versus Rs 1,252.85 crore posted by IREDA in the corresponding quarter of the last financial year. On a sequential basis, the profit after tax (PAT) grew 10% over Rs 387.75 crore reported in Q2FY25. The topline saw a 4.2% uptick on a quarter-on-quarter basis versus Rs 1,629.56 crore reported in the July-September quarter.
09.01 / 15:45
09.01 / 15:45
markets
Action
security
Analysis
Research
Trade
Experts
Ahead of Market: 10 things that will decide stock market action on Friday
stocks, amid persistent foreign fund outflows and as cautious investor sentiment prevailed ahead of the December quarter corporate earnings. Additionally, concerns over fewer rate cuts in the U.S. further dampened sentiment. The benchmark BSE Sensex lost 528.28 points or 0.68% to close at 77,620.21, while the broader Nifty 50 index closed at 23,526.50, lower by 162.45 points or 0.69%.
09.01 / 14:39
Virus
country
reports
testing
Department
medicines
infection
India registers over 200 HMPV cases in 2024; scientists say not a new virus
Subscribe to enjoy similar stories. New Delhi: India saw more than 200 cases of Human Metapneumovirus (HMPV) cases between January and December last year, senior government scientists said, emphasizing that the virus is not a new pathogen and there was no cause for concern. The virus has been reported every year in India, and there is no unusual increase in cases in the country.
09.01 / 14:39
markets
Digital
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Experts
PAM
International
boating
INSV 'Tarini' with 2 women Navy officers crosses International Date Line
International Date Line (IDL), achieving a significant milestone during the crew's global circumnavigation expedition, officials said. «As the vessel sailed eastwards, the crew adjusted their clocks to account for the date change, symbolising the blending of two consecutive calendar days,» a Navy spokesperson said.
09.01 / 14:39
markets
COST
UPS
Digital
Strategy
PAM
Beer prices in Telangana based on FY19 cost; Rs 3,900 crore dues remain unpaid to alcoBev sector: BAI
United Breweries suspended supply to Telangana, beer industry body BAI on Thursday said the commercial viability of prices set by the state government has become far too stressed. The prices allowed to supplier companies are actually below the cost of goods supplied as these prices are based on the cost of production in 2018-19, said Brewers Association of India (BAI) DG Vinod Giri.
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