India Financial News

Reserve Bank of India on Thursday announced the setting up of an eight member panel to develop the framework for responsible and ethical enablement of artificial intelligence. The committee called FREE-AI will be headed by Pushpak Bhattacharyya from the Department of Computer Science and Engineering, IIT Bombay.

Vittoria Ceretti were spotted enjoying a night out in Los Angeles just before Christmas. Leonardo DiCaprio celebrated Christmas Eve with Vittoria Ceretti, in Los Angeles, California, reported Daily Mail.

Sikko Industries Ltd.(up 3.00%), Southern Petrochemicals Industries Corporation Ltd.(up 0.35%) and Paradeep Phosphates Ltd.(up 0.28%) stood among the top gainers.

global pharmaceutical company to manufacture and supply pharmaceutical formulations in the European market.

central bank report showed on Thursday.

Prospectus (DRHP) with capital markets regulator, the Securities and Exchange Board of India (SEBI), to raise Rs 792 crore through Initial Public Offering (IPO). The company focused on redevelopment projects in the luxury segment in the city’s western suburbs has already raised around Rs 400 crore through a private placement of 26.61 million shares at Rs 150 per share.

Subscribe to enjoy similar stories. India is home to over 300 million self-employed individuals, accounting for nearly 50% of the workforce. This diverse group includes gig workers, small business owners, freelancers, and independent professionals like doctors, lawyers, and architects, among others.

Subscribe to enjoy similar stories. While writing a letter to a friend from college, the late David Foster Wallace came up with the line “Every love story is a ghost story", which later became the name of DT Max’s biography of Wallace. I was reminded of this line and its semantic genius (both love and ghosts are the sworn enemies of reason) more than once as I read Akhil Katyal’s recently released collection of poems, The Last Time I Saw You.

Subscribe to enjoy similar stories. The life of an Indian bureaucrat is a paradox of power and vulnerability. Entrusted with the nation’s progress and often bearing the brunt of its frustrations, they are expected to deliver super-human results under relentless scrutiny, manage conflicting demands and endure an exhausting workload without faltering.

Subscribe to enjoy similar stories. To say speciality coffee is having a moment would be stating the obvious. India’s coffee farmers, café owners and conscious consumers are more discerning than they’ve ever been.

The NSE Nifty index closed 22.55 points up at 23750.2, while BSE Sensex ended 0.39 points at 78472.48.

Bahujan Samaj Party Supremo Mayawati on Thursday hit out at the Congress party, accusing it of disrespecting Dr. Bhimrao Ambedkar and his followers while promoting the interests of capitalists. In a post in Hindi on X, Mayawati criticised political parties for relying on the financial support of capitalists and big businesses, and adopting a «pro-rich» and «anti-poor and anti-farmer» stance.

Haier Appliances India is set to cross the milestone of having a billion dollar revenue in 2024, helped by strong summers, festive season and ongoing trend of premiumisation, and expects Rs 11,500 crore revenue in 2025, its President NS Satish said on Thursday.

Delhi University is planing to introduce a PhD programme in Hindu Studies form the 2025-26 academic session, according to a proposal by a Standing Committee. The Governing Body of the Centre for Hindu Studies has recommended that the PhD programme be introduced in 2025-26.

India Budget Tax Cut: India is considering cutting income tax for individuals making up to 1.5 million rupees ($17,590) a year in February's budget to provide relief to the middle class and boost consumption as the economy slows, two government sources told Reuters.

Shares of Mahindra & Mahindra Ltd.(up 1.61 per cent), Maruti Suzuki India Ltd.(up 1.49 per cent), Apollo Tyres Ltd.(up 1.4 per cent), Bajaj Auto Ltd.(up 1.15 per cent) and MRF Ltd.(up 0.67 per cent) ended the day as top gainers in the pack.

Aditi Nayar, Chief Economist, ICRA, says she expects that the rupee will remain in the 85-86 range until the Budget is presented and that will take care of the Trump presidency transition as well. Once the Budget is presented, and there is some clarity on the US tariff policy front – although possibly we are in for a year where there could be a lot more volatility and a lot more changes as compared to what we have seen in the past coming in from the US – ICRA will take a relook. The slide of the rupee has accentuated in the last couple of weeks and I am not sure if it is just a coincidence or is it just the timing with the new RBI governor coming on board? Has anything changed in the RBI policy in terms of management of the rupee and the forex reserves? Aditi Nayar: It is really a global phenomenon right now. EMs are all getting hit. The dollar is quite strong and the way the DXY is moving, it is no surprise that we are going to get some weakness coming in with the rupee. Having said that, the Indian rupee has still been one of the strongest performing EM currencies in the recent period.

Prataap Snacks Ltd.(up 3.99%), Umang Dairies Ltd.(up 2.95%), JHS Svendgaard Laboratories Ltd.(up 2.57%), Sheetal Cool Products Ltd.(up 2.20%), Hatsun Agro Products Ltd.(up 0.98%), Adani Wilmar Ltd.(up 0.71%), Britannia Industries Ltd.(up 0.37%), Nakoda Group Of Industries Ltd.(up 0.30%), Mrs. Bectors Food Specialities Ltd.(up 0.25%) and Procter & Gamble Hygiene & Healthcare Ltd.(up 0.15%) stood among the top gainers.

Uddhav Thackeray on Thursday started a three-day exercise to assess his party's position in Mumbai, where civic polls are likely to be held next year, one of his close aides said. After the split in the Bal Thackeray-founded Shiv Sena in 2022, the recently concluded assembly elections were seen as a litmus test for Uddhav's party, which is a constituent of the opposition bloc Maha Vikas Aghadi (MVA).