India Financial News

death toll from cyclone Chido's passage across Mayotte would be in the hundreds, perhaps even thousands, as France rushed in rescue workers and supplies. Their efforts will be hindered by the damage to airports and electricity distribution in the French Indian Ocean territory. Even before the cyclone's passage, clean drinking water was already subject to chronic shortages.

inflation eased to 1.89 per cent on an annual basis in November from 2.36 per cent in October. The wholesale inflation, measured using the Wholesale Price Index, was expected to moderate to 2.20 per cent, according to a Reuters poll. India’s retail inflation eased to 5.48 per cent in November, after breaching the RBI's 6 per cent upper tolerance band in October, as the arrival of fresh produce helped moderate soaring vegetable prices.

Subscribe to enjoy similar stories. Today's edition of Stocks Made Easy shines a spotlight on a luxury car rental services company. We first featured this company a month ago, during a deep dive into stocks trading below their book value—a trend that gained traction when the buzz around Elcid Investments’ boom was just hitting mainstream attention.

The NSE Nifty index traded 96.15 points down at 24672.15, while BSE Sensex was 338.44 points at 81794.68 as of 10:55AM(IST)on December 16.

Antony Thattil in a dreamy wedding held in Goa, delighting her fans with glimpses of both traditional and Western ceremonies. The celebrations began with two Hindu rituals, where Keerthy stunned in exquisite sarees. For the first ceremony, she chose a vibrant yellow and green Kanjeevaram saree by Anita Dongre, breaking away from conventional reds. Adding a personal touch, she had a poem woven into the fabric. Her traditional South Indian bridal look was completed with layered necklaces, hair accessories, and arm jewellery. In the second Hindu ceremony, she embraced the classic bridal red, wearing a deep red saree paired with a matching blouse. This saree, deeply sentimental, belonged to her mother and symbolized Keerthy’s way of honoring her mother’s love and legacy. She complemented the look with an ornate diamond and ruby jewellery set that matched the saree’s richness. For her official wedding attire, Keerthy donned a parrot green madisar saree, draped in the Iyengar Kattu style, a nod to her Tamil Iyengar heritage. Antony complemented her perfectly, wearing a gold-cream vesti.

Info Edge (India) Ltd. 1.1 per cent to Rs 8799.55 in Monday's trade as of 10:50AM (IST). The stock hit a high price of Rs 8825.10 and low of Rs 8684.80 during the session. The return on equity (ROE) for the stock stood at 1.91 per cent. Traded volume on the counter stood at 10:50AM shares and turnover at Rs 1.54 crore around that time. The stock of Info Edge (India) Ltd. quoted a 52-week high price of Rs 8825.10 and 52-week low prices of Rs 4843.10, respectively.

₹1,900 crore from anchor investors on Thursday. The public offering, priced between ₹397 and ₹417 per share, is set to close on December 17.

Sandeep Dikshit clarified that the alliance with the Aam Aadmi Party (AAP) was «never in question», responding to discussions about the possibility of an alliance. Speaking to on Sunday, Dikshit stated, «The alliance was never in question. The AAP kept launching the idea because they feared losing if they fought alone. But it is good that the alliance did not happen.» He went on to slam Delhi Chief Minister Arvind Kejriwal's leadership over the past decade, claiming it has led to the breakdown of the city's systems. «In the last 10 years, he (Arvind Kejriwal) has brought Delhi to a place where all the system has collapsed. These 10 years of failure will make him lose,» Dikshit said.

Chakri Lokapriya, Managing Partner, RSB LLP, says the technology sector, especially large-cap and mid-cap companies, is poised to benefit from the US economic recovery starting in January, driven by the new Trump administration's tax cuts that are expected to boost discretionary spending. Indian IT firms like KPIT, Mindtree, and Cyient may gain from increased engineering research and development spending, which has been stagnant. The cloud computing sector is also set to grow by 35-40%, benefiting major players like Infosys, TCS, and HCL Technology. Lokapriya says he would be ready to invest in Infosys, TCS, HCL Technology, Cyient, KPIT, and Mindtree. What is your take on the entire banking and financial space, especially after that brokerage note from UBS?.. It was quite a bearish note. While the private banks seem to be holding up rather steady in Friday’s trade, it is the PSU banks and the broader financials that seem to be taking it on the chin, the likes of Shriram Finance, IOB, Canara Bank, all these banks are not doing well right now. How would you like to play this banking space and do you believe that private banks can outperform the PSU banks going ahead? Chakri Lokapriya: The note kind of talks about everything that was already largely known in terms of the loan growth slowing down.

Vijay Diwas is celebrated every year on December 16 to commemorate India’s victory over Pakistan in the 1971 war. The war also resulted in the liberation of Bangladesh. The day is a high point in Indian history and the country pays tribute to bravery and sacrifice of the armed forces. The war in 1971 between India and Pakistan began on December 3 and lasted 13 days. The war broke out because of the humanitarian crisis in the then East Pakistan. The Pakistani army had launched a campaign against the civilian population of the region. India intervened to support the people in their struggle for independence.

State Bank of India (SBI). While the growth in revenue was moderate, the earnings before interest, taxes, depreciation, and amortization (EBIDTA) and profit after tax (PAT) saw a robust increase of 28 per cent and 32 per cent, respectively. It said «Around 4000 listed entities reported 6 per cent growth in top line in FY24, while EBIDTA and PAT grew by 28 per cent and 32 per cent respectively. However, Employee expenses grew by only 13 per cent in FY24 as compared to 17 per cent in FY23».

“Both gold and silver have gained ~30% over the last one-year period. Global uncertainties including the US election led to a rally in gold as it is considered as a safe haven,” says Deepak Ramaraju, Senior Fund Manager, Shriram AMC. In an interview with ETMarkets, Ramaraju said: “Silver, on the other hand, may witness momentum on the back of its usage in various industrial applications including electronics, solar panels for renewable energy, advanced healthcare and electric vehicles,” Edited excerpts: Geopolitical concerns and political uncertainty in some of the countries weighed on markets in early December. What is your take on the markets? Markets have witnessed several challenges in the recent past — Russia Ukraine war, the escalation of Israel Palestine conflict, the invasion of Syria etc. However, these geo-political conflicts affect the commodity supply chain, currency movement and inflation.

From blockchain developers to smart contract specialists, professionals across domains are vying to acquire in-demand skills, as companies, particularly in banking and IT, embrace blockchain for secure and scalable solutions.

Subscribe to enjoy similar stories. Today Bangladesh is celebrating the 53rd anniversary of its liberation—a day I still remember vividly. I was then a student at the government inter-college, Prayagraj (then Allahabad).

Subscribe to enjoy similar stories. Think about it: The number of taxpayers filing returns of over ₹1 crore has increased fivefold in a decade, from 44,078 in 2012-13 to 230,000 in 2022-23. Also, according to Avendus, company promoters have sold a combined total of nearly ₹3 trillion since 2019-20.

Subscribe to enjoy similar stories. The Nifty 50, India’s benchmark index, saw volatile trading on 13 December as it retested its breakout level—the downward-sloping trendline connecting the highs of 6 November and 27 November. Following a subdued opening, the index tumbled sharply to an intraday low of 24,180 during the first half of the session.

Subscribe to enjoy similar stories. The investment relationship between India and Switzerland has taken a blow, with the latter having withdrawn the most favoured nation (MFN) status it granted India as part of a double taxation avoidance agreement.

Subscribe to enjoy similar stories. Shriram Finance Ltd, one of India’s leading financial services companies, recently launched its first major brand campaign featuring cricket legend Rahul Dravid. In an exclusive conversation with Mint, Elizabeth Venkatraman, executive director, marketing, Shriram Finance, explained the thinking behind the campaign, the company’s brand-building priorities and how they navigate a market that demands both trust and seamless digital experiences.

Subscribe to enjoy similar stories. The government may infuse fresh capital into its loss-making general insurers in the next financial year to strengthen their operations and help them meet regulatory requirements, two people aware of the plans said. The Union budget may allocate additional capital for these insurers after reassessing their quarterly parameters in the nine-month period ending December 2024, the people said on the condition of anonymity.

Subscribe to enjoy similar stories. Mahindra & Mahindra has surpassed Tata Motors as India’s third-largest carmaker thrice in the second half of 2024 on new launches at a time cooling electric vehicle sales and an ageing line-up have hurt the fortunes of the Tata Group company. In August, September, and November, Mahindra, the maker of Thar sport utility vehicle (SUV), cornered 12.64%, 12.64%, and 13.14% share of the nation’s passenger vehicle market, respectively, showed a Mint analysis of the government's vehicle registration data compiled by Fada Research.

Subscribe to enjoy similar stories. New Delhi: India and the UK are expected to restart talks on their proposed free trade agreement (FTA) between April and June, the first quarter of the UK’s fiscal year, two people aware of the matter said. The talks, which aim to resolve outstanding issues, have been ongoing since January 2022 but stalled in May this year after a high-ranking British delegation canceled its visit to New Delhi ahead of the general election in the UK.