India Financial News

Oppo launched the Reno 13 series 5G in India on Thursday. They phone has two variants, including Oppo Reno 13 5G and Oppo Reno 13 Pro 5G.

Narendra Modi on Thursday released the genome sequencing data of 10,000 Indian nationals and said it will be a milestone in the field of biotechnology research. The Genome India Data, that represents the genetic diversity in the country, will be available to researchers at the Indian Biological Data Centre (IBDC) through «managed access».

commercial real estate investment platform, has received the official license from the Securities and Exchange Board of India (SEBI) for its Small and Medium Real Estate Investment Trust (SM REIT), named Strata SM REIT.

equity fundraising touched a record Rs 3.99 lakh crore in 2024, mainly driven by deluge of initial share sales (IPOs) as investor appetite remained robust throughout the year. Excluding the rights issues, the fundraising from equity was at Rs 3.73 crore, which is a massive 159% increase over the previous year period. According to primedatabase.com, 91 Indian companies raised Rs 1.59 lakh crore through the IPOs, which listed on both the exchanges. This is more than 3 times the amount mobilised by the companies in 2023. The year also saw the biggest IPO from Hyundai, which raised Rs 27,859 crore.

average selling price of Mercedes Benz India models in 2024 rose 6% to Rs 95 lakh over Rs 89 lakh in 2023 as buyers lapped up its top end models—those priced at Rs 1.5 crore and above, at a faster pace compared to the year before. Sales of such models that include the Maybach S Class, AMG, GLE to name a few, advanced 30% year-on-year.

Shares of Kotak Mahindra Bank Ltd.(up 1.22 per cent), Au Small Finance Bank Ltd.(up 0.64 per cent) and Punjab National Bank(up 0.06 per cent) ended the day as top gainers in the pack.

Border Security Force's (BSF) attempts to erect fences in certain areas along the India-Bangladesh border, the two forces held an informal meeting at the Integrated Check Post (ICP) at Petrapole in West Bengal's North 24 Parganas district on Thursday. The pre-scheduled meeting, aimed at fostering mutual cooperation and enhancing coordination along the border, was attended by BSF South Bengal Frontier inspector-general Maninder PS Pawar and BGB brigadier-general Mohammad Humayun Kabir.

GDP) growth remains a central focus in economic discussions. Budget 2025 will be the second budget to be presented by Sitharaman during her second tenure as the finance minister in the PM Modi-led central government.

Domestic benchmark index NSE Nifty ended 162.46 points at 23526.5, while the BSE Sensex closed 528.28 points down at 77620.21.

Oban Fashions Pvt Ltd, a wholly-owned subsidiary of listed Knitwear brands Rupa & Co Ltd under the Corporate Insolvency Resolution Process (CIRP) in an application filed by its operational creditor Sunrise Knitting Mills Pvt Ltd.

Gaddi dog, a Himalayan breed known for assisting shepherds, has been officially recognized by India's National Bureau of Animal Genetic Resources (NBAGR). This recognition makes the Gaddi the fourth Indian dog breed to receive this status, following the Rajapalayam, Chippiparai, and Mudhol Hound.

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Arvind Kejriwal said that the Delhi assembly elections will be a direct contest between the AAP and the BJP and not an election of the INDIA alliance.

online pharmacies are being run illegally and consumers who use them risk getting ineffective or dangerous drugs, according to the U.S. Trade Representative's annual report on " notorious markets." The report also singled out 19 countries over concerns about counterfeit or pirated products.

cybersecurity firm Rubrik, signalling strong demand for premium workspaces. In a regulatory filing on Thursday, the company informed that it has signed an Agreement to Lease (ATL) with Rubrik at 'Embassy TechVillage' project in Bengaluru.

Korean skincare and makeup products. TIRTIR, one of the most famous K-beauty brands, is now available «offline» in India.

Suranjana Borthakur, Head — Distribution, Mirae Asset Investment Managers, says as a fund house, they are not very comfortable with too much sectoral play. They look at decadal themes and think the consumption theme is at a very sweet spot. The entire discretionary space is looking at a comeback, which is where they are positive on consumption as a theme. They are also positive on the banking financial theme as well as the healthcare theme. Every thematic segment may have a representation in the portfolio, but overloading any of the segments may not work well. Also, a 50% largecap and 50% in mid and smallcaps could be a good allocation to have in the long-term How should one read into the AMFI data? We are again seeing very healthy, record high SIP inflows. Suranjana Borthakur: It is very encouraging that in spite of market volatility, the SIP numbers have remained intact. In fact, they are reaching new highs of Rs 26,000 crore and above. It shows the confidence of the retail investor for a long-term wealth creation in India and despite the volatility, the conviction is very high.

Bharti Airtel as its top pick in India’s telecom sector while highlighting growth opportunities for Indus Towers, Tata Communications, Bharti Hexacom, Sterlite Technologies, and Vodafone Idea, citing tariff hikes, rising data penetration, and the anticipated Reliance Jio IPO as key catalysts. Bharti Airtel remains the star performer, supported by its strong market position, premium subscriber base, and strategic 5G rollout. CLSA has set a target price of Rs 1,860 for Bharti Airtel, expecting its average revenue per user (Arpu) to reach Rs 290 by FY27.