India Financial News

Subscribe to enjoy similar stories. It isn’t often that an Indian athlete prevails over a Chinese competitor, but that happened last week in Singapore. Eighteen-year-old Indian grandmaster Dommaraju Gukesh became the youngest-ever undisputed world chess champion by defeating 32-year-old Ding Liren of China in the final game of a 14-game championship.

Nidhhi Agerwal plays the lead female role in Prabhas’ highly anticipated film The Raja Saab. Directed by Maruthi, the movie remains on track for its grand theatrical release, now scheduled for April 10, 2025, despite earlier rumors of a delay. Recently, a photo of Nidhhi Agerwal from the film’s set was leaked online and quickly went viral. In the image, she exudes elegance, heightening fans' excitement for her role and the official promotional material. Alongside Nidhhi, Malavika Mohanan and Riddhi Kumar play significant roles, with Sanjay Dutt portraying a pivotal character in this romantic comedy horror. The film’s music, composed by Thaman S, complements its pan-Indian appeal, and it is produced by People Media Factory. Fans can expect the teaser to drop very soon, building further anticipation. According to the producers, filming is progressing swiftly with back-to-back day and night schedules. Over 80% of the shoot has been completed, with post-production efforts already in full swing.

Air India on Thursday placed an order for 34 trainer aircraft as it prepares to start training of cadet pilots at South Asia’s largest Flying Training Organisation (FTO) coming up in Amravati, Maharashtra by the second half of 2025, post regulatory approvals. The order includes 31 single-engine aircraft from Piper Aircraft in the United States and 3 twin-engine aircraft from Diamond Aircraft in Austria. ALSO READ: Air India announces special discounts & benefits for students; check details

FAAD Capital, a SEBI-registered Category 1 Angel Fund headquartered in Gurugram, on Thursday, announced the launch of its investor network in Dubai, marking the fund’s first international expansion. With this milestone underscores FAAD, aims to support global collaboration and engaging with Non-Resident Indians (NRIs) and local investors to drive investments into Indian startups. The inaugural Dubai edition of the FAAD Network Investor Meet was held at the Shangri-La Hotel, and participation from over 100 investors was seen.

TDSAT) has refused to grant a stay to broadcasters challenging the Telecom Regulatory Authority of India’s (TRAI) July 8 tariff regulation concerning pay channels on DD Free Dish. The tribunal has directed broadcasters to comply with the regulation by publishing a new Reference Interconnect Offer (RIO) within two weeks. The Indian Broadcasting and Digital Foundation (IBDF) approached TDSAT after the Supreme Court directed it to challenge the recent amendments to broadcast tariff regulations. Earlier, the Kerala High Court had dismissed IBDF’s petition, stating that TDSAT was the appropriate forum for the matter. The contentious regulation requires broadcasters to either make channels free across private distribution platforms if they are free on DD Free Dish or withdraw them from DD Free Dish to retain their pay channel status.

BTC touched an all-time high of $107,780 and was trading 1.9% higher at $106,482 in the past 24 hours as of 10:16 AM IST. Ethereum, the second-largest cryptocurrency, also gained 1.4%, trading at $4,006 during the same period.

Micromax Informatics has inked a joint-venture partnership with Taiwan-based Phison to design and manufacture storage modules, in a bid to boost the country’s electronics component ecosystem. The collaboration will leverage Micromax’s customer relationships within India and Phison’s expertise in NAND storage technology for offerings across enterprise, consumer, embedded, AI, and security applications within India’s burgeoning tech ecosystem and specific agreed-up regions, the two companies said in a joint statement. The joint-venture entity, called MiPhi, will also offer support and RMA services, along with a sales channel to India and other agreed-upon regions.

Ravichandran Ashwin retired from international cricket on Wednesday, leaving big boots to fill in the Indian Test team. If Ashwin's father, Ravichandran, is to be believed, the cricketer's retirement had more to do than him having finished with cricket. In interview with CNN News18, Ravichandran has alleged that his son was constantly being humiliated which may have contributed to him announcing his retirement midway through India’s ongoing tour of Australia. Even Ashwin's father was caught by surprise with the spinner's decision.

Private equity major KKR has acquired a stake in Mumbai-based Rebel Foods, the parent company of Faasos, Behrouz Biryani, and other cloud kitchen brands, according to a company statement. The investment was made through a secondary share purchase transaction and follows Singapore’s sovereign fund Temasek-led $210 million (approximately Rs 1,782 crore) funding round announced on December 12. KKR has not disclosed the size of its investment. A significant portion of the latest financing round comprises secondary share sales, conducted at a lower valuation of around $750-800 million. In contrast, the primary funding infusion was executed at a flat valuation of $1.4 billion. While secondaries are typically done at a discount to the last primary valuation, this transaction reflects a steep discount of approximately 50%.

Comprehensive Ranking System (CRS) for having an LMIA-based job offer, as per a CIC News report. Prior to this change, Express Entry candidates could receive an additional 50 or 200 CRS points for having an LMIA-based job offer. An additional 50 points can easily make the difference between a candidate receiving an invitation to apply (ITA) for permanent residency, or not being invited at all. Immigration Minister Marc Miller announced the change on Tuesday, December 17, in a televised interview.

China Sea to Himalayan frontiers, Beijing’s methodical approach has left neighbouring countries scrambling to respond. China shares its border with more than a dozen countries and it has had border disputes with at least six of them over the past few years. On its border disputes with its neighbors, China has mostly gone unchallenged, gradually pushing its salami-slicing strategy forward. But 2024 was a turning point: India was the first country in past few decades to decisively stop China in its tracks and refuse to yield to its tried-and-tested game. India’s resistance proved to be a firm message that China’s expansionist ambitions can't always go unchecked.

Nomura India Investment Fund Mother Fund has picked up a stake in the recently listed Vishal Mega Mart through a bulk deal on Wednesday, buying a stake worth Rs 324.96 crore. Nomura purchased 3 crore shares of the company on the NSE at a price of Rs 108.32 apiece, according to data available on the exchange website.

Subscribe to enjoy similar stories. On 18 December, the Securities and Exchange Board of India (Sebi) approved several key amendments to improve business operations, investor protection, and the efficiency of market participants.

Subscribe to enjoy similar stories. The Indian textile industry plays a pivotal role in the nation’s economy. The sector contributes 2.3% to India’s GDP and generates 10.5% of export revenue, according to India Brand Equity Foundation.

The report attributed this to a shift in the U.S. Federal Reserve's stance on rate cuts, which has reshaped global monetary policy expectations. The report noted that the Federal Reserve's decision to pause rate hikes was not unexpected, as markets had already anticipated a shallower rate cut cycle. The Fed aligns with market projections of two rate cuts in 2025 and two more in 2026, compared to its September guidance of four cuts in 2025 alone.

Diageo is rolling out multiple initiatives to drive diversity and inclusion in India, says Caroline Rhodes, global HR director — learning and inclusion at the London-headquartered alcohol beverages company. On a recent visit to India, she talked to ET’s Brinda Sarkar about Diageo’s outlook towards inclusion and diversity, employee well-being and how critical India is in the context of global operations. Edited Excerpts: What are your growth plans for India? India is such a critical part of our business. We’re at about 1,400-odd corporate employees (in India), and an equal or so number in our manufacturing units across the country. Our product portfolio here is interesting because it’s not just the Diageo products we sell including Johnnie Walker, Tanqueray, Gordon’s, and Baileys, but also a large part of the United Spirits portfolio that we inherited. McDowell’s is the largest selling whiskey in the world, and with Royal Challenge there is the affiliation to the RCB men’s and women’s cricket teams.

Tube Investments of India Ltd. 0.51 per cent to Rs 3730.75 in Thursday's trade. It hit a high of Rs 3735.00 and low of Rs 3673.00 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 3934.24, while the 50-DMA was at Rs 3953.21. 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.

Admiral Dinesh K Tripathi hosted a deck reception onboard Indian Navy's indigenous guided missile destroyer, INS Mysore in Jakarta during his four-day official visit to Indonesia. The details of the event were shared on X by the Spokesperson of the Indian Navy. «Adm Dinesh K Tripathi, #CNS, hosted a deck reception onboard #IndianNavy's indigenous guided missile destroyer #INSMysore at Jakarta, fostering cultural exchange, friendship & camaraderie between #India & #Indonesia.»

My 35-year-old cousin earns ₹1.5 lakh per month and recently paid off their home loan. They invest ₹45,000 in mutual funds (Nippon Indian small cap, Mirae bluechip and PPFAS flexi-cap) monthly and ₹50,000 in the National Pension System yearly. What additional investments can help them build a ₹5 crore retirement corpus?

Jaiprakash Power Ventures Ltd.(up 5.78%), NLC India Ltd.(up 2.68%), RattanIndia Power Ltd.(up 2.46%), CESC Ltd.(up 1.43%), Indowind Energy Ltd.(up 0.91%), Karma Energy Ltd.(up 0.36%), Gujarat Industries Power Company Ltd.(up 0.15%), GE Power India Ltd.(up 0.08%) and GE Vernova T&D India Ltd.(up 0.05%) were among the top gainers.

Mutual funds were busy launching new fund offerings or NFOs in 2024. Fund houses launched a record number of 205 mutual fund schemes in the said period. This includes active and passive, open- and close-ended mutual funds in both equity and debt segments. The number does not include the schemes launched in December. (Source: AMFI) Around 205 mutual fund NFOs were floated in the market in 2024 which together collected Rs 1.04 lakh crore. Around 198 open-ended funds collected Rs 1.03 lakh crore whereas seven fixed term plans which are close-ended funds collected Rs 954 crore in the said period. Also Read | Year-ender 2024: Top 10 equity mutual funds of the year. Do you have any?