India Financial News

Delhi Electricity Regulatory Commission (DERC) has permitted the New Delhi Municipal Council (NDMC) to increase the power purchase cost adjustment (PPCA) charges from 38.75% to 54.52% for the January-March 2025 quarter. This decision will lead to higher electricity bills for consumers in these areas, a TOI report stated.

Subscribe to enjoy similar stories. The Audi Q7, a car popular among India’s film stars, has long been a symbol of luxury and practicality. With its combination of reliability and solid build quality, it has been the go-to seven-seater SUV.

Subscribe to enjoy similar stories. The regulatory developments and the actions of the Reserve Bank of India (RBI) on fintech entities in 2024 received widespread coverage. The unease felt by the sector was expressed in various forums.

Subscribe to enjoy similar stories. The last few months of 2024 saw some turbulence in global equity markets due to various factors, leading to a correction in stocks. India’s share in global market capitalization has dipped to 4.2% in December from its August peak of 4.6%, as global equity markets faced turbulence, showed an analysis by Motilal Oswal Financial Services Ltd.

Subscribe to enjoy similar stories. The Indian auto industry's performance is widely tracked, with millions of vehicles including trucks, buses, cars, three-wheelers, scooters and bikes sold every year. India is the world’s second-largest manufacturer of two-wheelers, third-largest manufacturer of passenger cars, and largest manufacturer of three-wheelers.

Elon Musk’s SpaceX, is facing growing regulatory challenges in India after its communication devices were found in the possession of insurgents and smugglers.

In the presence of a huge crowd that gathered to commemorate 25 glorious years of the Jamnagar refinery, Nita Ambani gave a heartfelt speech about how Jamnagar is close to their hearts. Ambani also expressed her deep gratitude to Kokilaben Ambani, the matriarch of the family, for her blessings and support, which have fueled Reliance's journey of growth and success. Her heartfelt words resonated with the audience, many of whom have been part of the Jamnagar Refinery’s transformative journey over the years. “Jamnagar is not just a place, but the soul of Reliance. It holds a very special place in our hearts. For Kokila mummy, it’s her Janmabhoomi, representing her roots and values,” she said.

Gill Organics company about two years ago. They developed a system that allows families to enjoy fresh, chemical-free vegetables without the burdens of full-scale farming. This setup offers convenience and reflects a commitment to prioritizing health and environmental sustainability. The produce includes spinach, cauliflower, potatoes, onions, spring onions, bottle gourds, and a variety of other vegetables.

personal loans will face increased scrutiny starting in the new year. A new rule requires lenders to update credit information every 15 days, instead of monthly. This change makes it harder for individuals to qualify for multiple loans simultaneously.

Subscribe to enjoy similar stories. India’s capital markets watchdog has unearthed a sophisticated trading web linking a convicted stock market manipulator, a Singapore-based trader, and a US fund’s confidential orders. This alleged front-running scheme, involving Ketan Parekh and Rohit Salgaocar, has brought the regulator's unrelenting pursuit of financial malpractice into the spotlight.

Rajinikanth and Amitabh Bachchan are two titans of the Indian film industry and their contributions to the cinema have been immense. However, instead of considering one as a competition, the Jailer actor once shared how Amitabh Bachchan is a great inspiration for him. He further added that the Pink actor, with whom he is in constant touch, once gave him advice that he follows now.

Nita Ambani, founder and chairperson of the Reliance Foundation, spoke passionately about the deep emotional connection the Ambani family shares with Jamnagar, describing it as the «soul of Reliance.»

China, Beijing on Thursday announced new export control measures targeting 28 US companies and placed 10 of them to a list, barring them from conducting business in the country, the Voice of America reported.

Rohit Sharma being «rested» at the Sydney Test and said that there's no doubt that the 37-year-old was dropped following poor performance in recent times, reported Triple M Cricket Australia.

The NSE Nifty index was trading 150.75 points down at 24037.9, while BSE Sensex was 536.61 points at 79407.1 at the time of writing this report.

KPI Green Energy shares started trading on an ex-bonus basis on Friday for their 1:2 bonus share issue. The stock dropped 2.4% to its intraday low of Rs 558.60 on the BSE. “Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant provisions of the Companies Act, 2013 and Rules made thereunder, the Company has fixed Friday, January 03, 2025, as the ‘Record Date’ for determining the eligibility of Shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Shares of Rs. 5/- (Rupees Five only) each for every 2 (Two) existing Equity Share of Rs. 5/- (Rupees Five only) each,” the company said in an exchange filing.

Cummins India Ltd. 0.86 per cent to Rs 3226.40 at 11:12AM (IST) in Friday's trade. The counter has hit a high of Rs 3299.35 and low of Rs 3226.40 so far during the session. The stock had closed at Rs 3254.50 in the previous session. The counter has had a total traded volume of 1527 shares so far with a value of Rs 0.50 crore on the NSE. It traded at a price-to-earnings multiple of 46.02 and a price-to-book ratio of 12.61.

Magadh Sugar & Energy Ltd.(up 1.73%), Simbhaoli Sugars Ltd.(up 1.60%), Rajshree Sugars & Chemicals Ltd.(up 1.35%), Kothari Sugars & Chemicals Ltd.(up 1.28%), Vishwaraj Sugar Industries Ltd.(up 1.13%), Bajaj Hindusthan Sugar Ltd.(up 1.11%), Rana Sugars Ltd.(up 0.85%), Dalmia Bharat Sugar and Industries Ltd.(up 0.80%), Shree Renuka Sugars Ltd.(up 0.80%) and Ugar Sugar Works Ltd.(up 0.77%) were among the top gainers.

toxicity to vultures, reported TOI. Researchers at the Indian Veterinary Research Institute (IVRI) in Izatnagar, Bareilly, conducted experiments revealing the drug's harmful effects on scavenger species.