India Financial News

«The research on quantum computing has been ongoing for several years by various institutions, including us. The Quantum Reference Facility is coming up at the C-DAC facility in Bangalore,» said A S Murty, senior scientist and Kolkata head of the Centre for Development of Advanced Computing (C-DAC). The scientist was speaking on the sidelines of the International Symposium on Quantum Computing (ISQCI 2024) held in Kolkata.

Jindal Saw on Tuesday said it has inked a pact to acquire 31.20 per cent equity in ReNew Green Energy. However, the company did not divulge the financial details of this equity acquisition. In a filing, Jindal Saw said, «It has entered into a share purchase agreement with ReNew Green Energy Solutions Private Limited (RGES) to acquire shareholding up to 31.20 per cent equity share capital in ReNew Green MHH One Private Limited (RGMHH), which resulted RGMHH as an associate of the company». The acquisition is with an objective to procure electricity at a concessional rate, the company said.

The company is a subsidiary of European carmaker Skoda Auto. The price increase will apply to the company's entire portfolio, including the Kushaq, Slavia, Superb, and Kodiaq.

Narendra Modi ripped into Congress in Lok Sabha last week, Union Home Minister Amit Shah on Tuesday launched a scathing attack on the party, accusing it of treating the Constitution as the «private property» of one family and amending it to remain in power. Shah's comments came during a discussion on the «Glorious Journey of 75 Years of the Constitution of India» in the Parliament. The senior BJP leader alleged that the Congress brought various amendments to the Constitution for its own benefit.

NITI Aayog has invited expression of interest for undertaking research on 'Cost of Doing Business in India' (CoDB), as India faces strong competition from countries like Vietnam, China, and Indonesia, which offer lower operational costs in key sectors. In a notice, Niti Aayog said the cost of doing business is a pivotal factor influencing the competitiveness of an economy, encompassing the expenses businesses incur to establish, operate and expand. «For a rapidly growing economy like India understanding these costs is essential to fostering a conducive business environment and attracting investment. »Despite India's significant reforms to improve its business climate, it faces strong competition from countries like Vietnam, China, and Indonesia, which offer lower operational costs in key sectors," it said.

I Am Kathalan, Arjun Ashokan's Pallotty 90’s Kids, Suraj Venjaramoodu's Mura and other films. From Netflix, Prime Video, Disney plus Hotstar, ManoramaMAX, Saina Play and others.

Anupam Mittal, a veteran judge on the show, recently made headlines with a comment that seemed to target former co-judge Ashneer Grover.

Yo Yo Honey Singh from the creators of the Oscar-winning The Elephant Whisperers, the much-awaited return of Marvel’s animated anthology What If...? with its third and final season, and Beast Games, an adrenaline-packed reality show by MrBeast. With a variety of exciting titles arriving on Disney+ Hotstar, JioCinema, Netflix, Amazon Prime Video, and more, there's plenty to look forward to for every streaming enthusiast.

Indian Institute of Science (IISc) has said it has developed an eco-friendly cement alternative using the Geopolymer technology. The innovation aims to not only cut carbon emissions compared to traditional Ordinary Portland Cement (OPC), but also promises zero use of water. The new tech, IISc team claims, would offer 15-20% cost advantage . The startup, Novacret claims that for every square foot of pavers it produces, it saves approximately 2.04 kg of CO2 emissions as compared to OPC. When ET spoke to one of the four cofounders, Nanjunda Rao K S who is also chief research scientist at IISc said, “ Geopolymer technology involves using industrial byproducts like fly ash from thermal power plants and ground granulated blast furnace slag (GGBS) from the steel industry as binding materials.” He added that initially fly ash and GGBS were used only as partial replacements for Portland cement in concrete but now act as complete replacement. “The benefits are significant, geopolymer-based materials achieve full strength in just three days in tropical climates like India, compared to the 28 days required for Portland cement.” The material is suitable for precast construction, where components like paving blocks can be made in advance, studies by the startup have highlighted.

demand, according to the All India Sarafa Association. Besides, the US Federal Reserve, which starts its two-day monetary policy meeting on Tuesday, is expected to announce its interest rate decision, which could have an impact on the overall gold performance next year. The precious metal of 99.9 per cent purity ended at Rs 78,350 per 10 grams on Monday.

Reserve Bank of India (RBI) on Tuesday lifted the business restrictions imposed on two key entities of the Edelweiss Group, ECL Finance Ltd and Edelweiss Asset Reconstruction Company Limited, with immediate effect. This decision comes after the companies implemented remedial measures to address supervisory concerns raised earlier. On May 29, 2024, the central bank had invoked its powers under the Reserve Bank of India Act, 1934 and the SARFAESI Act, 2002, imposing specific business curbs on the two entities.

The tournament will be the first international event hosted by the BFI after opting to join the new governing body earlier this year. The last time BFI hosted an international event was the International Boxing Association (IBA) Women's World Boxing Championship in 2023.

Subscribe to enjoy similar stories. InCred Financial Services Ltd aims to raise ₹4,000-5,000 crore ($471-588 million) in an initial public offering late next year, less than two years after the KKR-backed fintech startup earned its unicorn stripes, two people familiar with its plans told Mint. The issue is expected to be valued at ₹15,000-22,500 crore ($1.78-2.6 billion), one of them said, adding that InCred will shortly finalise merchant bankers to manage its IPO.

Production Linked Incentive (PLI) Schemes for 14 key sectors have been announced with an outlay of Rs 1.97 lakh crore to enhance manufacturing capabilities and exports. «As on August 2024, across 14 sectors, investment of Rs 1.46 lakh crore have been realised, which has resulted in incremental production/sales of over Rs 12.50 lakh crore, employment generation of over 9.5 lakhs, and exports surpassing Rs 4 lakh crore,» he added. Incentives of Rs 2,968 crore in eight sectors and Rs 6,753 crore in nine sectors during 2022-23 and 2023-24, respectively, have been disbursed.

precious metals from its free trade agreements (FTA) so as to curb speculative imports, safeguard foreign exchange reserves and protect India’s trade balance and economic resilience, think tank Global Trade Research Initiative (GTRI) said Tuesday. Gold imports reached a staggering $14.9 billion in November 2024, accounting for 21.2% of India’s total merchandise imports of $70 billion and for the first time, gold surpassed crude petroleum as the country’s largest single import item. Most gold enters India as bars and rods with 99.99% purity, but traders are also using other tariff-free or concessional categories to bypass import duties such as platinum alloys from Dubai, gold compounds and noble metal solutions from Japan, and gold and silver jewelry from Indonesia. These routes push actual gold imports to much higher levels than official figures suggest.

Dish TV India has collaborated with UK-based C21 Media to launch a trade event, Content India, aimed at positioning India as a global content powerhouse. Scheduled for April 1-3, 2025, the three-day summit will lay the groundwork for the comprehensive Content India 2026 event. Modeled on the globally successful formats of C21 Media’s Content London and Content Americas, the event will integrate a marketplace, conferences, and networking opportunities to connect creators, producers, distributors, platforms, and channels. Dish TV India, a leading content aggregator and distributor, aims to establish Content India as a pivotal platform to showcase Indian content globally while attracting international players to explore opportunities within India.

The proposal gained broad support at a meeting chaired by commerce minister Piyush Goyal on Tuesday after small industries dropped initial opposition once they received assurances that they would not be hit by higher steel prices. «It seems the safeguard duty will be imposed after an investigation, likely completed within a month,» said an industry official who attended the meeting. «To address concerns of small manufacturers, large steelmakers will supply them steel at reduced prices.»

While savoring a perfectly cooked biryani is a delightful experience, the thought of making it at home often intimidates many. The assumption that it requires advanced cooking skills or hours of effort has deterred beginners from attempting this culinary marvel. However, an easy recipe promises to simplify the process and deliver a steaming plate of authentic biryani in just 30 minutes.

Portfolio Investors (FPIs) from issuing offshore derivative instruments (ODIs) with derivatives as underlying or use derivatives to hedge their ODIs in India. «A Foreign Portfolio Investor shall not issue ODIs with derivatives as reference/underlying. A Foreign Portfolio Investor shall not hedge their ODIs with derivative positions on Stock Exchanges in India. Accordingly, ODIs shall only have securities (other than derivatives) as underlying and shall be fully hedged with the same securities on a one-to-one basis, throughout the tenure of the ODI,” a Sebi circular issued on Tuesday said.

Domestic benchmark index NSE Nifty ended 332.25 points at 24336.0, while the BSE Sensex closed 1064.12 points down at 80684.45.

bank capped losses. The rupee hit a low of 84.93 against the U.S. dollar, before closing at 84.8950, down 0.04% on the day.