India Financial News

Silver ETF—have offered average returns of around 20% and 19.66%, respectively, in 2024. There were about 31 funds across both categories. HDFC Gold ETF, the top performer among gold ETFs, has delivered a return of around 20.30% in 2024. Invesco India Gold ETF provided a return of 20.29% during the same period. SBI Gold ETF delivered a return of 19.94% in the same timeframe. Axis Gold ETF provided the lowest return of around 19.66% in 2024.

Nikhil Kamath, co-founder of Zerodha, has consistently emphasized the potential of the energy transition sector as a big investment opportunity. During a podcast with rapper Badshah and actress Kriti Sanon earlier this year, Kamath highlighted the expansive scope of his investments in electric vehicles (EVs), ranging from scooters and buses to trucks, and hinted at the possibility of venturing into air taxis in the future. Towards the end of the year, Kamath reinforced his confidence in this sector through a social media post, underscoring his belief that the transition to electric vehicles is inevitable. He noted that pollution, rather than broader climate issues, could accelerate this shift. Additionally, he pointed out that the reduction in commuting costs per kilometer could help offset the higher initial capital expenditure associated with EVs. «The largest bet this year for me has been that all vehicles will be electric someday; we have invested in everything from scooters to busses to trucks to maybe air taxis next,» Zerodha co-founder said in his post.

YES BANK, the sixth-largest private sector bank in India, in collaboration with FICCI FLO, South East Asia’s largest women’s chamber of commerce, announced the launch of YES PowherUp, a specialised MSME programme designed to empower women entrepreneurs in scaling their businesses. YES PowherUp offers a comprehensive suite of financial solutions tailored to the unique needs of women-led enterprises. The programme includes specialised SME loans, premium business accounts, international trade and forex services, investment opportunities, credit card options, and insurance plans. By addressing the specific challenges faced by women entrepreneurs, YES PowherUp aims to provide the necessary support for businesses to establish, grow, and succeed sustainably. Dhavan Shah, Head of SME Banking at YES BANK, said, in a statement, “India's MSME sector is witnessing unprecedented growth, with women entrepreneurs emerging as vital contributors to this dynamic ecosystem. Through our partnership with FICCI FLO, we are proud to launch YES PowherUp, a comprehensive and innovative MSME proposition tailored for women-led businesses. At YES BANK, we are deeply committed to enabling women entrepreneurs to thrive, offering them the tools and support needed to scale their ventures and shape India's growth story. Together, we aim to empower women entrepreneurs, fostering their financial independence and enhancing their impact on the economy."

Micro and Small Enterprises (CGTMSE) marked a significant milestone by hosting a felicitation of MLIs and MSE Beneficiaries on approving 1 crore guarantees. The event was held at SIDBI Swavalamban Bhavan in the presence of Manoj Mittal, Chairman & Managing Director, SIDBI & Chairman of CGTMSE, Sudatta Mandal, DMD, SIDBI, Manish Sinha, CEO CGTMSE along with guests from State Bank of India, HDFC Bank and Union Bank. The occasion celebrated the achievements of CGTMSE’s commitment to fostering financial inclusion and empowering small businesses. The occasion was graced by the Chairman who felicitated the three Micro and Small Enterprises (MSE) borrowers — Gauri Deepak Samudre proprietor of UNIQUE DIGITAL PRINTING, Meet Yogesh Sanghvi, promoter of KEMKO TITANIUM PRIVATE LIMITED and MVGS Anil Kumar, CFO of HIGHNESS MICROELECTRONICS PVT LTD. These borrowers were supported by three leading Member Lending Institutions (MLIs) — Union Bank, State Bank of India and HDFC Bank respectively, whose contributions were instrumental in making this accomplishment possible. Speaking at the event, Mittal emphasized the transformative impact of credit guarantees on the MSE ecosystem, enabling businesses to access funding without collateral, third party guarantee and achieve sustainable growth. Anindya Sunder Paul, CGM, State Bank of India, Sanjay D'Souza, Group Head, HDFC Bank and G K Sudhakar, Rao, GM MSME, Union Bank also shared insights on strengthening the MSE sector and nurturing entrepreneurship through collaborative efforts.

Breon Peace said he will step down Jan. 10, ending a stint as federal prosecutor that included high-profile cases such as singer R Kelly’s trial for sex-trafficking, a fraud indictment of Indian billionaire Gautam Adani and the criminal conviction of a US Congressman. Peace, a 53-year-old native of Brooklyn, New York, said in a statement Wednesday “it has been the honor of a lifetime to serve as United States Attorney.” He’ll be replaced as head of the Brooklyn office, known as the Eastern District of New York, by First Assistant US Attorney Carolyn Pokorny, according to the statement. He was appointed by President Joe Biden in 2021 and will leave before President-elect Donald Trump takes office Jan. 20.

Havells India Ltd. 0.03 per cent to Rs 1695.75 in Friday's trade. It hit a high of Rs 1713.10 and low of Rs 1687.00 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1765.13, while the 50-DMA was at Rs 1725.44. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Boxing Day Test between India and Australia is set to take place at the Melbourne Cricket Ground (MCG) from December 26, marking one of the most iconic fixtures in world cricket. As the series between the two teams is currently tied at 1-1, this test holds significant importance, not just for the Border-Gavaskar Trophy but also in the context of the World Test Championship (WTC) standings. A win for India will give them a 2-1 lead and strengthen their bid for a place in the WTC final.

Buying a second-hand electric car in India can be a smart and eco-friendly choice. Here's a step-by-step guide to help you make the right purchase: 1. Set a budget Decide on your budget based on the car’s brand, model, and condition. Keep in mind that used electric cars may vary in price depending on factors such as age, battery condition, and features.

Indian Oil Corporation Ltd. traded at Rs 141.10 on BSE at 11:18AM (IST) on Friday, 1.03 per cent from previous close. The stock quoted a 52-week low price of Rs 117.25 and a high of Rs 196.80.

Opposition MPs staged a protest at Vijay Chowk here on Friday demanding Home Minister Amit Shah's apology and resignation for allegedly «insulting» BR Ambedkar. They also carried out a protest march from Vijay Chowk to Parliament. Congress general secretary Priyanka Gandhi Vadra also slammed the BJP over the FIR filed against the Leader of Opposition in the Lok Sabha Rahul Gandhi, saying it «shows their desperation level». «The entire country is watching, they have slapped several cases on Rahul Gandhi. They bring in new FIRs and lie...This shows their desperation level,» she told reporters.

Honda Cars India on Friday said it will hike prices across its model range by up to 2 per cent from January next year, in order to partially offset the impact of rising input costs. The company sells models like Amaze, City and Elevate in the domestic market. The automaker will increase the prices of its models by up to 2 per cent from the beginning of January 2025, Honda Cars India Vice President — Marketing and Sales Kunal Behl said. The company has been making strong efforts to absorb price increases during this year, ensuring minimal impact on customers, he added.

A 2019 paper co-authored by Arvind Subramanian, former Chief Economic Advisor to the Government of India, and Josh Felman sheds light on the economic challenges India faced at the time. The authors highlighted a "Four Balance Sheet Challenge," warning that the economy was heading toward an «Intensive Care Unit» due to mounting financial stress. Subramanian argued that the roots of this issue could be traced back to the "Twin Balance Sheet Problem."

Sagility India today rallied 5% in early trade to hit its upper circuit and a fresh all-time high of Rs 46.09 on the BSE as global brokerage firm Jefferies initiated coverage on the stock with a ‘buy’ rating and a target price of Rs 52. The target indicates an upside potential of 18% for the stock from its previous closing price.

KPI Green Energy Ltd.(up 3.85%), ACME Solar Holdings Ltd.(up 2.69%), India Power Corporation Ltd.(up 2.21%), GE Vernova T&D India Ltd.(up 1.62%), Karma Energy Ltd.(up 1.43%), Orient Green Power Company Ltd.(up 1.42%), Adani Power Ltd.(up 1.27%), Hitachi Energy India Ltd.(up 1.01%), NTPC Ltd.(up 0.86%) and Adani Green Energy Ltd.(up 0.83%) were among the top gainers.

PVR INOX has reportedly removed Pushpa 2 from its theatres following an argument. Film industry tracker Manobala Vijayabalan yesterday in a post on X claimed, «Pushpa 2 was removed from all PVR INOX chains in North India from tomorrow». However, later he said that the issue has now been resolved and that shows are 'opening slowly one by one'.

foreign institutional investors (FIIs) remain net buyers of Indian stocks this month with the good-old financials and IT on top of the buying list, 3 sectors — oil and gas, auto and FMCG — saw $1 billion exit. NSDL data shows that in the first fortnight of December, FIIs sold Rs 5,337 crore worth of stocks in oil and gas sector, Rs 1,823 crore in auto and another Rs 1,655 crore in FMCG. The combined sell-off in all these 3 stocks have crossed $1 billion-mark.

Manipur this year, Indian security officers said, inflaming the bitter 19-month ethnic conflict there with weapons and battle-hardened cadres. This has led to an increase in violence between Manipur's dominant and mostly Hindu Meitei community and the mainly Christian Kuki tribes — a conflict that critics say is the biggest law-and-order failure of Prime Minister Narendra Modi's 11-year-old government. Since May 2023, some 260 people have been killed in the fighting and more than 60,000 displaced. Nine Indian military and police officers who spoke to Reuters, plus several politicians and rebel sources in Myanmar, described a conflict that is spreading to new areas as militants from the rival groups come across the border to Manipur.

Subscribe to enjoy similar stories. A common trait among many successful entrepreneurs, says Harsh Jain quoting a study, is that they were average academic students. “When you’re an entrepreneur, you can do your market sizing, research, etc.

Vishal Mega Mart Ltd.’s trading debut Wednesday underscored this insatiable appetite for IPOs — shares of the retailer surged more than 40%. The feeding frenzy is set to roll into 2025, according to several women on the front lines.

Reliance Industries shares will remain in focus on Friday after Venezuela's state oil company PDVSA and Reliance Industries resumed an oil swap arrangement that was previously halted due to U.S. sanctions. This development follows a U.S. license granted in July authorizing such trade, according to an internal PDVSA document. A supertanker carrying about 1.9 million barrels of Venezuelan Merey heavy crude departed earlier this month for India's Sikka port, while a unit of Reliance delivered a 500,000-barrel cargo of heavy naphtha to PDVSA this month in exchange, according to the document.