India Financial News

Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) to make up for losses they incurred on selling the fuel this fiscal, sources said.

InterGlobe Aviation, the parent company of IndiGo, increasing the stock’s target price to Rs 5,260 from the previous target of Rs 5,100, describing the airline as a ‘unique, strong franchise’. Jefferies has mainly focussed on IndiGo’s strong market position and the anticipation of positive developments despite recent challenges.

Subscribe to enjoy similar stories. IT bellwether Tata Consultancy Services Ltd (TCS) is set to begin the third-quarter earnings season. However, Indian companies are bracing for another quarter of muted growth as the December quarter preview by leading brokerages suggests that the earnings slowdown seen in the first half of 2024-25 is far from over.

Subscribe to enjoy similar stories. The Maha Kumbh Mela being held after 144 years is expected to attract not just 40-45 million pilgrims to the most populous district in India’s most populous state but also an army of digital fraudsters. Scamsters have already made victims out of several devotees using basic tech such as fake websites purportedly offering accommodation and other Kumbh Mela-related services besides WhatsApp and digital accounts to collect payments.

An annual U.S. government report on “notorious markets” known for counterfeiting and other violations of intellectual property says that nearly all 35,000 online pharmacies around the world are being run illegally

Anti-Corruption Bureau, BRS Working President K T Rama Rao on Thursday said his agenda when he was minister in the previous regime was to make Hyderabad a pivotal hub for sustainable mobility as the world transitions towards it and Formula-E race was a part of that ambitious vision.

quick commerce sector alone set to create half a million new jobs, according to a report by Indeed, a global job matching and hiring platform, based on a survey. The report suggests a shift in India’s blue-collar job market. Tier 1 cities such as Chennai, Pune, Bangalore, Mumbai, and Delhi are seeing significant hiring activity as quick commerce expands. Notably, tier 2 cities like Chandigarh and Ahmedabad are also experiencing a rise in job creation, reflecting the growing reach of quick commerce into emerging urban centres.

Reserve Bank Innovation Hub and IIMA Ventures on Thursday launched Swanari TechSprint 3.0, a programme aimed at fostering women-centric fintech startups in India. The programme provides a platform for fintech innovators to conceptualise, develop, and scale solutions that address the unique financial needs of women.

«So, especially, the thought process was that the Middle East capex is slowing down, the oil capex of Aramco, that will slow down. However, having said that, they delivered very strongly on the 2Q numbers and what we are saying that 3Q numbers may be at a record level versus other quarters,» says Priyankar Biswas, BNP Paribas. What the expectations are when it comes to the Q3 of this year, clearly the ports and logistics sector are expected to be a bit softer? Priyankar Biswas: Yes, that is correct. At least for the port space, we are seeing a fair bit of softness. So, we have actually put out something today on this aspect. So, what we are witnessing is that port volumes, so the big players like Adanis and the Gujarat Pipavavs and even the major port volumes are very much out in the public domain. And we can see there is already a softness that is being witnessed all across the board.

Subscribe to enjoy similar stories. When it comes to budgeting, there are some revenue streams that are linked with broader growth in the economy. These include the goods and services tax (GST), which is a consumption-based tax, corporate tax, which is linked to the profitability of companies, and customs duty, which is driven by imports.

Subscribe to enjoy similar stories. A recent report by the State Bank of India has stirred up the proverbial hornet’s nest with its claims of a sharp reduction in poverty levels in India, particularly rural areas, in the past decade. It has led to a flurry of counter-claims, with economists questioning the methodology used to arrive at the findings.

₹31,087 crore in Q3FY25, registering a growth of 129% from ₹13,558 crore during the year-ago period. Its loan disbursements increased 41% YoY to ₹17,236 crore, while loan book outstanding grew by 36% YoY to ₹69,000 crore.

Colgate-Palmolive(India)Ltd.(up 2.79%), Dabur India Ltd.(up 1.82%), Godrej Consumer Products Ltd.(up 1.59%), Marico Ltd.(up 1.57%), Honasa Consumer Ltd.(up 1.51%), Bajaj Consumer Care Ltd.(up 1.27%), Jyothy Labs Ltd.(up 1.23%), Bikaji Foods International Ltd.(up 1.19%), Dangee Dums Ltd.(up 1.13%) and Hindustan Unilever Ltd.(up 1.11%) were among the top gainers.

While India has experienced annualized growth of 25% in recent years, HSBC notes that this pace is unsustainable. The brokerage firm has significantly reduced its FY25 earnings growth forecast for the Nifty 50 from 15% to just 5%.

Colgate-Palmolive (India) Ltd. rose 3.0 per cent to Rs 2874.95 in Thursday's trade. It hit an intraday high of Rs 2890.00 and low of Rs 2777.55, respectively, during the day. The stock quoted a 52-week high price of Rs 3893.00 and low of Rs 2380.05.

₹275 and ₹290 per equity share for its ₹290-crore initial public offering (IPO), which will be open until Thursday, January 9. On Monday, Quadrant Future Tek revealed that it had raised over ₹130 crore from anchor investors just a day before the public share sale commenced.

Union Budget 2025 Expectations Live Updates: The industries are looking forward to the Union Budget 2025 and expecting changes from Finance Minister Nirmala Sitharaman.What do industries expect from Finance Minister Nirmala Sitharaman ahead of the upcoming Union Budget 2025? Take a look.The Finance Minister is expected to present the Union Budget 2025 on February 1, 2025, at 11 a.m. However, there has been no official confirmation from the government.

Following the standard T+1 settlement cycles in Indian stock markets, today marks the final trading day for investors to purchase Shriram Finance shares to be eligible for the stock split.

Lok Sabha Speaker Om Birla said in London during his ongoing visit to the UK. Addressing a community gathering at the High Commission of India in London on Wednesday evening, Birla shared insights from his dialogues with his UK counterpart — House of Commons Speaker Sir Lindsay Hoyle and other members of Parliament.