India Financial News

Lara Trump removes her name from the US Senate consideration list. The US president-elect Donald Trump's daughter-in-law, Lara Trump, has removed her name from consideration for a Senate seat, as quoted in a report by BBC.

Reliance Retail has started a backend test launch of Chinese fast fashion label Shein, starting with its fashion and lifestyle platform Ajio, four-and-a-half years after the Indian government banned the label.

Prestige Group, RC Group and Valor Estate are in advanced talks to undertake one of the largest cluster redevelopment projects of public housing colonies in Mumbai, said people aware of the development.

MG Motor India has introduced a new luxury brand, MG Select, and previewed its upcoming electric sports car, the Cyberster. The company aims to redefine accessible luxury with MG Select locations in 12 Indian cities. The Cyberster, developed with input from former Formula 1 engineer Marco Fainello, is inspired by the classic MG B Roadster. It features a dual electric motor setup generating 510 PS and 725 Nm of torque. “The 8-layer flat wire winding and waterfall oil-cooled motor enable the car to have a high-performance electric motor with an advanced cooling system, allowing the motor to operate at high temperatures, which increases the vehicle’s power output, efficiency, and reliability,” the company said in a statement. The car utilizes a front double wishbone and rear five-link suspension, combined with a 50:50 weight distribution. Its aerodynamic design incorporates a «Kammback» rear roofline. Notable features include electric scissor doors with safety sensors, a first for India. MG Select emphasizes sustainability and innovation, aligning with the heritage of Morris Garages. The brand targets customers who value experiences. MG Motor India positions the Cyberster as a benchmark for sports cars in the region. The company seeks to combine elegance, sportiness, and technology in the new roadster.

department of pharmaceuticals (DoP) has reprimanded AbbVie Healthcare India for unethical marketing practices after a top panel found the company violated provisions of the Uniform Code for Pharmaceutical Marketing Practices (UCPMP) by sponsoring foreign vacations to Monaco and Paris for 30 doctors.

Jio, Bharti Airtel and Vodafone Idea as its members, has said the telecom regulator's newly proposed quality of service (QoS) norms that mandate monthly and site-to-cell level reporting are burdensome.

Ginger Gaetz, 30, has been a steadfast supporter of her husband, former Florida Congressman Matt Gaetz, throughout various controversies. Despite allegations against him, she continues to stand by his side, sharing supportive messages and photos on her social media.

customs duty exemptions for certain imported components such as bulk drugs used to manufacture certain insulins, raw material to produce rough lab grown diamonds, plastics used to manufacture optical fibre, components used in LED and LCD TV panels and goods required for coal mining and power generation to boost their local manufacturing.

Walmart and the workforce payments company Branch Messenger on Monday of forcing more than a million delivery drivers into using accounts that cost them more than $10 million in junk fees, Reuters reported.

Iran might end up pursuing nuclear weapons following its weakened position in the Middle East specifically after losing key allies due to the recent conflicts, reported The Telegraph.

industrial projects with a total investment of Rs 9,823.31 crore, which are expected to create approximately 5,605 jobs. The projects were approved at the 64th meeting of the State High Level Clearance Committee (SHLCC), headed by Karnataka Chief Minister Siddaramaiah.

stock market ended in the green on Monday, snapping a five-session losing streak. Gains in heavyweight financial and metal stocks propelled the benchmarks higher, supported by a positive trend in regional peers following subdued U.S. inflation data. The benchmark BSE Sensex gained 498.58 points or 0.64% to close at 78,540.17, while the broader Nifty 50 index closed at 23,753.45, higher by 165.95 points or 0.7%.

Justin Baldoni's image has taken a hit after Blake Lively filed a sexual harassment lawsuit against him. Amid this controversy, Justin Baldoni's wedding apology to his wife has resurfaced in which he apologized to his wife in his vows for his “faults, shortcomings, insecurities and [his] ego.”

UnitedHealthcare pleaded not guilty on Monday to murder and terror charges while his attorney complained that statements coming from New York's mayor would make it tough for him to receive a fair trial. Luigi Mangione, 26, was shackled and seated in a Manhattan court when he leaned over to a microphone to enter his plea. The Manhattan district attorney formally charged him last week with multiple counts of murder, including murder as an act of terrorism, in a state case that will run parallel to his federal prosecution.

Savings have long been the backbone of financial stability in Indian households. Deeply ingrained in the nation’s ethos, the act of saving has traditionally ensured resources for future uncertainties, children’s education, and retirement. Recent trends, however, tell a troubling story. The household savings rate has seen a sharp decline, prompting questions about its causes, broader implications, and what steps can reverse this worrying trajectory.