India Financial News

Subscribe to enjoy similar stories. MUMBAI : Bajaj Finance Ltd, one of India’s leading non-bank lenders, is scaling back its ambitions in the payments and credit card businesses as part of a revised five-year roadmap, BFL 3.0.

Subscribe to enjoy similar stories. BENGALURU : Smallcase's early investors, including Peak XV Partners and WEH Ventures, are looking to partly offload their stakes in the fintech, which is in talks to raise over $50 million in a mix of primary and secondary transactions, three people close to the development told Mint. The latest round is expected to value the Bengaluru-based startup at around $300-350 million.

Rohit Sharma's elegance and Virat Kohli's class will face the ultimate 'Test' when India take on an Australian team eager to set the record straight on a spicy Gabba track in the third game of the Border-Gavaskar series, starting Saturday. With the series locked at 1-1, Brisbane could well decide the course of the rubber and whether Rohit's men would continue to be the master of their fate in the ongoing World Test Championship. For India, the biggest hope remains in Australia's batting vulnerability which can lead to an implosion if a certain Travis Head doesn't decide to be the marauder. Steve Smith is currently sailing in the same boat as Kohli if inconsistent batting form is taken into consideration.

Benchmark NSE Nifty index fell 311.0 points to 24237.7 amid selling in frontline bluechip stocks.

Antony Thattil, in an intimate ceremony in Goa. The lovebirds paid homage to their cultural roots by exchanging vows in a traditional Tamil Brahmin Iyengar ceremony. In the several pictures that have now gone viral, the ‘Dasara’ actress looked resplendent in a parrot green madisar saree that was draped in the Iyengar Kattu style, while her groom looked dashing in a gold-cream-coloured veshti.

DCM Shriram Industries Ltd.(up 2.01%) and EID Parry(India)Ltd.(up 0.99%) were among the top gainers.

Devendra Pant, Chief Economist, India Ratings, says food inflation is cooling off but there are two commodities which could be another source of problem for food inflation in general and your overall inflation in particular. In August ‘24, oil and fats had a deflation of 0.86% and come November it has an inflation of 13.28%. This is one commodity among the food group which can create a problem in the months to come. Now that food prices are softening, do you think they will remain elevated still or do you think this is a temporary relief, a trend perhaps that could sustain? Which one of these do you think it is? Devendra Pant: There will be a relief because generally what happens is when you are entering the winter season, you see the kind of price movement in the vegetables or the fruits, they tend to ease because what happens is either you have the less rainfall or more rainfall and because of that there are some supply shortages.

Pat Cummins on Friday announced that pacer Josh Hazlewood will replace Scott Boland in his playing XI for the third Test against India after having recovered from a side strain. The injury had forced Hazlewood to sit out of the Pink Ball Test in Adelaide last week. Cummins exuded confidence that Hazlewood would pull through the match without any «hiccups». «He had a really good bowl yesterday, he had another bowl in Adelaide a couple of days previously. Him and the medical team are really confident,» he said on the eve of the game at the Gabba. Cummins said he had to take the ball away from Hazlewood at Perth to prevent his injury getting worse.

were among the top gainers.

Subscribe to enjoy similar stories. Interest rates at their highest in decades, wars in Europe and the Middle East, elections in countries as important as America and India. No matter.

handicrafts industry is a vibrant reflection of its rich heritage, with every artifact narrating stories of tradition, creativity, and unmatched craftsmanship. This sector, deeply intertwined with the country’s cultural roots, represents an invaluable resource not only for preserving India’s diverse artistic legacy but also for fostering economic growth.

Stocks that rallied over 10% included, Orbit Exports(13.91%) and DCM Ltd(13.42%).

Colgate-Palmolive (India) Ltd. traded at Rs 2861.10 on BSE at 10:04AM (IST) on Friday, 0.61 per cent from previous close. The scrip quoted a 52-week low price of Rs 2330.10 and a high of Rs 3893.00.

ADF Foods Ltd.(up 1.36%), LT Foods Ltd.(up 1.19%), Dangee Dums Ltd.(up 0.57%), Colgate-Palmolive(India)Ltd.(up 0.51%), JHS Svendgaard Laboratories Ltd.(up 0.40%), Nakoda Group Of Industries Ltd.(up 0.31%) and Euro India Fresh Foods Ltd.(up 0.17%) were among the top gainers.

Havells India Ltd. traded 0.25 per cent in Friday's session at 10:14AM (IST). The stock opened at Rs 1757.10 and has touched an intraday high and low of Rs 1782.75 and Rs 1757.10, respectively, during the session so far. The stock quoted a 52-week high of Rs 2104.95 and a 52-week low of 1280.20. About 7,742 shares changed hands on the counter so far.

buy call on Maruti Suzuki India with a target price of Rs 15,250. The current market price of Maruti Suzuki India is Rs 11,119.65. Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 349584.22 crore, operating in Auto sector. Maruti Suzuki's key products/revenue segments include Passenger Cars & Light Duty Utility Vehicles, Spare Parts & Components, Other Operating Revenue, Service Income, Scrap, Rental Income for the year ending 31-Mar-2024.

Parliament Attack. Vice President Jagdeep Dhankhar, Lok Sabha Speaker Om Birla, Rajya Sabha LoP Mallikarjun Kharge, Lok Sabha LoP Rahul Gandhi, Union Home Minister Amit Shah, Union Ministers JP Nadda, Kiren Rijiju and others paid tribute to the fallen jawans, at the Parliament, on the 23 years of the Parliament Attack. Congress chief Mallikarjun Kharge and Lok Sabha Leader of Opposition Rahul Gandhi also paid the floral tributes.

World Competition Day 2024, co-hosted by leading Indian think tank CUTS International, UNCTAD, and the WTO, convened global experts at the WTO headquarters to discuss the critical intersection of trade, competition, and inequality. The event raised the question as to how trade and competition policies can be designed and deployed to address deepening socio-economic inequalities. Pradeep S. Mehta, Secretary General of CUTS International, opened the discussions by highlighting how trade policy and competition policy can deal with economic inequalities, both among nations and within nations. He called for strengthened efforts to address these issues through global cooperation. Moderated by Suddha Chakravartti, Director of CUTS International, Geneva, the event featured insights from esteemed experts, including Roberta Piermartini (WTO), Vincent Martenet (University of Lausanne), Elizabeth Gachuiri (UNCTAD), and Kondwani Kaonga (COMESA Competition Commission). Discussions explored the role of trade in fostering inclusiveness between and within economies. While trade has contributed significantly to income convergence between nations, the benefits have often been unevenly distributed within economies. Complementary policies, such as education, income redistribution, and robust competition enforcement, were identified as essential to ensure inclusiveness at all levels.

MSMEs, estimates suggest the actual number could be significantly higher, potentially reaching 140 million. The informal sector plays a substantial role in India's economy, with numerous unregistered businesses operating outside the formal system. This vast, untapped economic potential presents a significant opportunity for growth, innovation, and development waiting to be leveraged. In an interaction with ET Digital, Oliver Prill, CEO, Tide, says that India offers a tremendous growth opportunity, particularly as the country rapidly advances on its growth trajectory. To capitalise on this potential, it is essential to tap into the MSME sector, which is poised to play a vital role in driving India's economic growth, adds Prill. Edited excerpts:

Hindustan Aeronautics Ltd (HAL) shares will remain in focus on Friday after the Ministry of Defence (MoD) announced a Rs 13,500-crore contract with the company to procure 12 Su-30MKI fighter aircraft. The deal, signed on Thursday, December 12, aims to bolster India's defence capabilities while promoting the ‘Aatmanirbhar Bharat’ initiative. The deal, valued at approximately Rs 13,500 crore, includes associated equipment and is inclusive of taxes and duties. The aircraft will feature a homegrown content of 62.6%, achieved through the indigenisation of numerous components manufactured by the Indian defence industry.

Bajaj Finance shares will remain in focus on Friday after India's largest non-bank consumer financier has unveiled a new business plan for the next five years which envisages integration of artificial intelligence (AI) across all its processes to improve customer engagement, grow revenue, enhance productivity, strengthen controls and reduce operating and credit costs. In chat with ET, managing director Rajeev Jain said the transition to an all-encompassing AI based system will improve customer conversion rates at a much lower cost while ensuring the loan growth remains at current rate or moves to a faster trajectory.