India Financial News
19.12 / 05:17
markets
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Experts
testing
International
cricket
I'm playing for CSK and aspire to play for as long as I can: Ravichandran Ashwin a day after retiring
Ashwin, who retired from international cricket on Wednesday, said he will try and play cricket for as long as he can. The statement came while he was interacting with the media upon returning to Chennai on Thursday. The off-spinner was picked up by Chennai Super Kings for Rs 9.75 crore in the IPL 2025 mega auction. He also captains Dindigul Dragons in the Tamil Nadu Premier League and won the title this year. «I am going to play for CSK and don't be surprised if I try and aspire to play for as long as I can. I don't think Ashwin the cricketer is done, I think Ashwin the Indian cricketer has probably called it time. That's it,» said the Indian great.
19.12 / 05:17
markets
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Election
students
Experts
Universities
International
Australia slows some foreign student visas after cap plan fails
Australia will try to rein in a spike in international student arrivals by imposing different speeds of visa processing, in the latest effort by the center-left government to cut migration numbers ahead of an expected tight election. Education Minister Jason Clare on Thursday announced the new ministerial direction, which he said would prioritize the processing of visa applications for those universities and colleges “that are operating sustainably.” Under the changes, there will be two categories of visa processing: high priority and standard. Education providers will receive quick approvals up until they hit 80% of their international student allotment, which was previously flagged under legislation to cap arrivals. After that, visas will be processed at a slower pace.
19.12 / 04:07
markets
Digital
Strategy
Software
Freedom
Celebrity
Schools
Goa Liberation Day 2024: Know the history, significance, and quotes to share with family and friends
Goa Liberation Day is celebrated every year on December 19 mark Goa's freedom from Portuguese rule in 1961. The liberation ended the struggle of freedom fighters against the 451 years of colonial rule. Goa became an integral part of India. The day celebrates the struggle, resilience, and fight of all freedom fighters who fought to achieve the freedom. On this day, various activities are organised in different schools and colleges such as speech competitions, drawing, poster making etc. to commemorate the day.
19.12 / 04:07
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IPO
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Updates
Transrail Lighting IPO Day 1 Live Updates: Check GMP trends, anchor details, subscription status, review, more
₹410-432 per share. This IPO, which will close on December 23, generated ₹245.97 crore through its anchor book on December 18.A number of prominent institutional investors, including Winro Commercial, ICICI Prudential Mutual Fund, Tata Mutual Fund, LIC Mutual Fund, Bandhan Mutual Fund, SBI General Insurance, ITI Mutual Fund, Nuvama, Taurus Flexi Cap Fund, Citrus Global Arbitrage Fund, and BNP Paribas Financial Markets, made investments in the company through the anchor book.The company's planned IPO includes a new share issuance totaling ₹400 crore along with a sale of 1.01 crore equity shares by its promoter, Ajanma Holdings Private Ltd. Currently, Ajanma Holdings possesses an 83.22 percent stake in the Mumbai-based firm.
19.12 / 04:07
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Digital
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Updates
Nifty 50 Today Live Updates: Nifty 50 opened at ₹23877.15
Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff. Nifty 50 Today Live Updates: The NIFTY GS 4 8 Yr at (0.02%), NIFTY GS 11 15 Yr at (-0.09%) & NIFTY GS 15 Yr Plus at (-0.12%) are currently the top performing sectors among the Sectoral Indices. While NIFTY Metal at (-2.19%), NIFTY India Digital at (-2.19%), NIFTY IT at (-2.11%) are currently the low performing sectors Nifty 50 Today Live Updates: The Nifty 50 opened at 23877.15 (-1.33%) , -321.7 points lower than the previous closing.
19.12 / 04:07
markets
Digital
Strategy
Software
Schools
Courts
Investigations
CBI court grants bail to 3 arrested in Odisha bribery case
CBI court in Bhubaneswar granted conditional bail to three persons arrested in connection with a bribery case in Odisha. The court on Wednesday granted bail to Chanchal Mukherjee, group general manager of the CPSU Bridge and Roof Company (India) Limited, and contractors Santosh Moharana and Debadutta Mohapatra. The bail was granted by the court on the production of a bond of Rs 1 lakh and two sureties each, said advocate Subham Satpathy, one of the lawyers engaged by the accused persons. While granting bail, the court put a condition that the accused persons cannot leave Bhubaneswar without its permission. They will also not attempt to tamper with evidence and will cooperate with the investigation.
19.12 / 04:07
markets
Citi
Strategy
Analysis
Research
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performer
NRI Talk: GIFT City AIFs - A game-changer for NRIs investing in Indian markets, says Rajesh Cheruvu
“GIFT City AIF is an efficient way for international investors to access the Indian markets. It takes away the need to open an account in India as investors can invest directly in US dollars in a GIFT fund, that in turn invests into the Indian markets,” says Rajesh Cheruvu – MD and CIO, LGT Wealth India. In an interview with ETMarkets, Cheruvu said: “NRIs could look at rental yield and Infra yield funds offered by various AIFs in India, these funds offer steady cash flows on maturity these funds tend to sell assets into InvIT or ReITs,” Edited excerpts:
19.12 / 04:07
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Analysis
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Updates
Bank Nifty Today Live Updates: Bank Nifty opened at ₹51428.45
Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff. Bank Nifty Today Live Updates: The NIFTY GS 4 8 Yr at (0.02%), NIFTY GS 11 15 Yr at (-0.09%) & NIFTY GS 15 Yr Plus at (-0.12%) are currently the top performing sectors among the Sectoral Indices. While NIFTY Metal at (-2.19%), NIFTY India Digital at (-2.19%), NIFTY IT at (-2.11%) are currently the low performing sectors Bank Nifty Today Live Updates: The Bank Nifty opened at 51428.45 (-1.36%) , -711.1 points lower than the previous closing.
19.12 / 04:07
markets
IPO
SUN
Experts
band
recommendations
Updates
DAM Capital Advisors IPO Day 1 Live Updates: Check GMP, subscription status, review, more
₹269-283, which will be available for public subscription from December 19 to December 23. On Wednesday, it announced that it has secured ₹251 crore from anchor investors, just one day prior to the start of its initial share sale for public subscription.Among the anchor investors listed in a circular posted on the BSE website are Nomura, Goldman Sachs, HSBC, Societe Generale, Nippon India Mutual Fund (MF), HDFC MF, Kotak MF, and Aditya Birla Sun Life MF.
19.12 / 04:07
markets
Art
Strategy
Trade
Experts
information
Department
SBI shares drop 2% on Rama Mohan Rao Amara’s appointment as new MD
State Bank of India (SBI) fell by 2.2% on Thursday to an intraday low of Rs 820.10 on the BSE as the company announced the appointment of Rama Mohan Rao Amara as the Managing Director (MD) of the bank. “Vide Notification No. 2/1/2024-BO.I dated 18.12.2024, issued by Department of Financial Services, Ministry of Finance, Government of India, it has been notified that- “In exercise of powers conferred by clause (b) of section 19 read with sub-section (1) of section 20 of the State Bank of India Act, 1955 (23 of 1955), the Central Government hereby appoints Shri Rama Mohan Rao Amara, Deputy Managing Director, State Bank of India as Managing Director in State Bank of India,” said the company in its filing to the exchange.
19.12 / 04:07
markets
Analysis
Food
Trade
hiv
Gilead
information
Lupin shares in focus after FDA approval for generic HIV tablets
Lupin will remain in focus on Thursday after the drugmaker received approval from the US Food and Drug Administration (FDA) for its abbreviated new drug application (ANDA) for HIV tablets emtricitabine and tenofovir alafenamide tablets, 200 mg/25 mg. «We wish to confirm that the Company has received approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application (ANDA) for Emtricitabine and Tenofovir Alafenamide Tablets, 200 mg/25 mg, to market a generic equivalent of Descovy® Tablets, 200 mg/25 mg of Gilead Sciences, Inc,» Lupin said in an exchange filing.
19.12 / 02:25
UPS
Manufacturing
Software
economy
Remark
Trade
show
Services led exports are a mixed blessing for the Indian economy
Subscribe to enjoy similar stories. If every cloud has a silver lining, the glow around India’s data that shows November’s trade deficit at a record high of $37.9 billion is the remarkable performance of service exports. According to provisional numbers released by the government, service exports are projected to overtake merchandise exports in November 2024.
19.12 / 01:07
Digital
Citizens
Enterprise
Healthcare
electronic
information
gatherings
Maharashtra uses GenAI to boost welfare schemes
direct benefit transfer, healthcare schemes and grievance redressal for citizens, Parag Jain Nainutia, principal secretary — general administration (information & technology) at the state government, said at the ET Digital Transformation Dialogues panel discussion. “We are collating, collecting data, using the free flow of data within the state government and within the Government of India … Our idea is there should not be any responsibility on the citizen to submit the same document again and again.
19.12 / 01:07
markets
Digital
Platform
security
Software
Trade
reports
An uphill task for new stockbrokers as Sebi cracks down on excessive speculative trades
Venture investors tracking this space mostly talk about the under penetration of the Indian equities market and the growth of the economy as the reasons for investing in new players, despite the known headwinds. Former Swiggy chief technology officer Dale Vaz and Kotak Securities senior executive Manish Jain launched Sahi earlier this month. The company secured $7 million in equity funding from Accel and Elevation Capital.
19.12 / 01:07
markets
Digital
security
Software
Enterprise
Experts
information
'AI will democratise tech, but data security is key'
There is, however, a hesitation over trust and safety around the use of AI, industry leaders said, and called for light-touch regulation to strike a balance between innovation and ethics. “In 2014, we started on the first wave of AI, which was predictive AI,” said Arundhati Bhattacharya, chairperson and chief executive for India at software firm Salesforce. “But it was not democratised. People who were experts or who
19.12 / 01:07
markets
UPS
Digital
Aware
Software
travelers
International
P2P payments being evaluated for UPI One World: sources
UPI One World service, which foreign travellers in India use for Unified Payments Interface-based transactions at merchant locations, may be opened up for interpersonal transactions early next year, said two people aware of the deliberations. International travellers in India are allowed to use this mode of payment only for merchant transactions, but once the Reserve Bank of India (RBI) gives its nod for interpersonal transactions, they will be able to use this service to also pay small merchants, public transporters and tourist guides, among others. Currently, five players--Pine Labs, IDFC First Bank, Payworld, Transcorp and Cheq (operated by Trio Tech Solutions)--are enabled on UPI One World.
19.12 / 01:07
markets
COST
UPS
Digital
CEO
Software
Experts
CXO pay in India inches close to that of US peers
global capability centres (GCCs) reward leadership with handsome base salaries, bonuses and stock options, executive search and hiring firms like EMA Partners, Insist Consulting, Michael Page, Randstad, Teamlease and Avsar said. While US CXO salaries have grown by 15% between 2020 and 2024, Indian counterparts have seen a rise of nearly 40% in the same period, according to data from recruitment firms. Although the difference between leadership remuneration is vast in absolute terms, when adjusted for purchasing power parity (PPP) and factors such as cost of living and inflation, the difference has narrowed, experts said.
19.12 / 01:07
markets
Digital
Manufacturing
Software
Experts
innovations
reports
Deep-tech startups must explore alternative funding options, says VC report
Speciale Invest. The deep tech startups, however, need to consider alternative funding such as venture debt, asset financing, and project financing during their initial stages to address the science risk, the firm's founding partner Vishesh Rajaram told ET. Speciale has been investing in seed-stage startups, and GalaxEye Space, Agnikul Cosmos, ePlane Company, Uravu Labs and CynLr are some of the investee startups. The VC firm’s report titled 'India's Deep Tech Revolution' on the sector, which is slated for release on Thursday and accessed by ET, highlights that the global market share of funding in Indian deep tech startups (1.30%) is significantly lower than the overall funding available to Indian tech startups (3.86%) which needs to be encouraged. It also added that back home, Indian corporations are still warming up to the idea of innovation through deep-tech startups and are yet to see an acquisition of a deep-tech startup.
19.12 / 00:31
markets
Digital
Software
wellness
Trade
Experts
country
India moves to guard against Trump’s likely tariff strike
Donald Trump administration, multiple people familiar with the matter told ET. “Ministries and departments are examining various scenarios, apprehending such a move by the US and possible remedies,” one of the persons said. President-elect Trump on Tuesday had said the US will impose reciprocal tariffs on Indian goods because New Delhi imposes high tariffs on American goods. Independent experts said India could relook at import duty on specific products and enhance market access for certain imports from the US to address Trump’s concerns.
18.12 / 19:51
BLOCK
PwC
Cybercrime
WhatsApp
show
reports
59% Companies faced financial fraud in past 2 years: PwC Survey
As many as 59% of the Indian organisations surveyed said that they had faced financial or economic frauds in the past 24 months, compared with 41% globally and 52% in the 2022 edition of the same survey. The survey said procurement fraud has emerged as a predominant issue for Indian businesses, with 50% of the respondents identifying it as a major problem. This marks a 21% increase over the global average. In 2022, however, customer fraud was reported as the top concern by 47% of businesses. Meanwhile, globally, 44% of business leaders' highlighted cybercrime as their top concern.
18.12 / 19:51
Provident
Career
Remark
Reddit
Research
students
rights
Older IIT's less sought after branch or Computer Science at newer IITs?
The result was an impressive job offer of Rs 55 lakh per annum. The author of the post emphasised that the «IIT tag» plays a significant role in their career success, stating, «A degree from an old IIT isn’t just a degree, it’s a signal.» According to the author, the brand value and established ecosystem of older IITs offer more career opportunities than the specific branch of study. «You don’t need a CS degree to be a great developer. What you do need is access to the right ecosystem, and Old IITs provide exactly that.»
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