India Financial News

Sarwan Singh Pandher appealed to the residents of Punjab and Haryana to reach the Khanauri and Shambhu border in large numbers as the farmers' protest completed ten months. Speaking to ANI, Pandher said «I appeal to the residents of Punjab and Haryana to reach the Khanauri and Shambhu border in large numbers as our protest has completed 10 months. The government agencies are trying to create a confusion among people and are spreading among the people that the protest cannot be won. Haryana MP Ram Chander Jangra is making irresponsible statements on the protest and I urge the BJP President JP Nadda to expel him from the party or take action against him and he should apologise for his remarks made… » Further, the farmer leader said that their movement is for the people of India and that the BJP could not make the farmers protest fail.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.Bank Nifty Today Live Updates: At current prices Bank Nifty, faces the below Resistance and Support levels As of the last trading day, the Bank Nifty closed at 53,391.35. This closing price reflects the performance of the banking sector in the Indian stock market, indicating market sentiment and investor confidence in financial institutions.

India-Middle East-Europe Corridor (IMEEC) as a 'historic initiative' to foster regional connectivity and prosperity during his meeting with United Arab Emirates Deputy Prime Minister and Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan. During the talks on Thursday, PM Modi also conveyed his warm wishes for UAE President Sheikh Mohamed bin Zayed Al Nahyan, according to the Ministry of External Affairs statement. PM Modi expressed satisfaction at the frequent high-level visits and exchanges, including the visit of the Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to India in September 2024, which marked a generational continuity in bilateral relations.

“No airport in India has a toll road before it. Why this discrimination against Bengaluru? Toll should be for the Bellary Road after the airport,” Pai wrote on X, tagging Union Minister of Road Transport and Highways, Nitin Gadkari. In a Rajya Sabha response regarding fee collections on national highways, Gadkari revealed that the Devanahalli toll plaza collected Rs 308 crore in revenue during the financial year 2023-24.

ISRO) on Thursday announced that it has achieved a key milestone in its space programme with the successful sea-level hot test of the CE20 Cryogenic Engine which has been developed indigenously. The space agency conducted the tests late last month on November 29 in Mahendragiri, Tamil Nadu and announced its success post analyses. «The C20 cryogenic engine successfully passes a critical test in ambient condition, featuring restart enabling systems-a vital step for future missions,» ISRO said on X. The CE20 engine powers the upper stage of ISRO's LVM3 launch vehicle, which has played a pivotal role in missions like Chandrayaan-2, Chandrayaan-3, and is expected to be integral for the upcoming Gaganyaan mission, India's first human spaceflight attempt. According to ISRO so far the engine has successfully powered the upper stage of six LVM3 missions. For the Gaganyaan mission, its usage will help in enhancing the payload capability of the launch vehicle.

Trump's election has put US companies and those who have American companies as top clients in a 'wait and watch' mode, as they have put a pause on making further investments in India. This is causing worry among several state governments, with officials telling ET that companies are holding off on finalising large investments as they await clarity on Trump's policies after his inauguration as President on January 20. Several of them also expect the Trump administration's policies to favour India over China and see it as a positive for Indian businesses. «There is too much uncertainty right now,» one person from a large electronics manufacturing services firm said. «Any further investment into India is on hold until we get clarity on what Trump's policies will be,» the person said. «We are also heavily reliant on our clients and their strategy to base our next moves and at the moment our clients are not wanting to commit to anything further as they may have to set up more factories in the US. We will ultimately go where the client wants.»

Tata Motors, RIL, HAL, Zomato, Jk Tyre, JSW Energy among others will be in focus due to various news developments. Tata Motors Tata Motors will increase prices on its trucks and buses by up to 2% starting January 1, 2025, the automobile giant said citing rising input costs.

HDFC Bank on Thursday said the Securities and Exchange Board of India (Sebi) has issued an administrative warning letter to the bank over certain compliance lapses touching upon the capital-markets domain. HDFC Bank said in an exchange filing that Sebi mentioned non-compliance with certain provisions of the merchant banking rules, capital and disclosure requirements and prohibition of insider trading regulations.

FPL Technologies, which runs credit card issuance and digital payments platform One Card, has secured around $25.5 million in a fresh funding round led by QED Investors. Peak XV Partners, Z47 (previously Matrix Partners India) and Better Tomorrow Ventures also participated in the round. Armed with the fresh funds, FPL Technologies said it will strengthen its technology infrastructure and invest in the development of new products by collaborating closely with regulated entities like banks. FPL Technologies, which was founded in 2019 by former senior ICICI Bank executives Anurag Sinha, Vibhav Hathi and Rupesh Kumar, has raised $262 million in equity funding over multiple funding rounds. The startup was last valued at around $1.3 billion.

India's growth story may not have been as sparkling as China's but it's more balanced, thanks to its more judicious investment-consumption mix, Boston Consulting Group's global chief economist Philipp Carlsson-Szlezak said. «When you look at it carefully, China's growth has been very unbalanced-very much focused on capital accumulation, neglecting consumption. And that is now catching up with China,» he told ET in an interview. «To me, from afar at least, it looks like India is on a more balanced path. I presume you can do a lot more capital investment-both public and private. But the fact that consumption is already a significant share of output, to me, it looks much more balanced,» he added. However, additional tariffs on Chinese goods, as pledged by US president-elect Donald Trump, may not necessarily divert massive investments by global corporations away from China, he reckoned.

After missing India's big win in the first test in Perth to be with his newborn son, opener Rohit dropped down the order at the Adelaide Oval where he managed just nine runs as the tourists crashed to a 10-wicket defeat inside three days. The resumption of Rohit's run of low scores provided more ammunition for his critics, who contend that the 37-year-old is now dead weight in the team.

UN Relief and Works Agency for Palestine Refugees that Israel is seeking to ban. UNGA on Wednesday voted 158-9, with 13 abstentions, to demand an immediate ceasefire in Gaza and 159-9, with 11 abstentions, in support of the UN agency — UNRWA. The voting was held after two days of speeches that called for an end to the 14-month war between Israel and Hamas. Israel and the US voted against the resolutions. The resolution demanded an immediate and permanent cease-fire to be respected by all parties, while also reiterating a demand for immediate and unconditional release of all hostages.

State Bank of India, the country's largest lender, is seeking a ¥30 billion ($197 million) facility, according to people familiar with the matter, adding to a record volume of yen loans raised by borrowers in Asia excluding Japan this year. Mitsubishi UFJ Financial Group Inc. is the lead bank of the deal, which will be raised in the Gujarat International Finance Tec-City, India's newest financial hub, said the people, who asked not to be identified discussing a private matter.

Indian Grandmaster D Gukesh made history on Thursday by becoming the youngest world chess champion at just 18 years old. In a gripping final showdown, Gukesh defeated reigning champion Ding Liren of China in the 14th and deciding game to clinch the title. The match kept chess fans worldwide on edge, with Gukesh securing 7.5 points to Liren’s 6.5 after a dramatic victory in the final classical time control game. Along with the prestigious title, Gukesh will receive a prize fund of $2.5 million. But did you know that this young champion has two Rajinikanth connections?

Top industry executives have decried the government's modest ₹1,100 crore FY25 budgetary allocation, amounting to 0.03% of the GDP, for telecom-related R&D, including allocations towards the IndiaAI Mission and design-linked incentive scheme. They termed it an unrealistic and feeble attempt to aspire for leadership on the global 6G stage. More so, since the actual FY25 budgetary allocation to the Department of Telecommunications (DoT) for R&D is just Rs 400 crore.

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. The post-2021 bull run and NFT boom have introduced blockchain to the mainstream, creating a wave of professionals eager to transition into the crypto and Web3 space.

Thyssenkrupp Marine Systems (TKMS), which is bidding for a major contract to manufacture six new diesel electric submarines in India for a Navy order, said it is looking to expand its footprint and has pitched for the creation of a joint warship building hub, estimating that it can be up to 50% cheaper to make submarines and warships here. «Together with MDL (Mazagaon Dockyards Limited, which is the partner for the submarine contract), there could be a hub for technology, which will generate more orders. This is really an opportunity to go beyond the P75I (the submarine contract), which will generate, of course, more jobs,» TKMS CEO Oliver Burkhard said.

Visiting UAE foreign minister Sheikh Abdullah Bin Zayed Al Nahyan and external affairs minister S Jaishankar, among other issues, focused on the power vacuum and absence of institutional governance in Syria amid pro-Al Qaeda-ISIS transition government taking over power, it is learnt. The two sides are also understood to have discussed implications of the Syrian developments and ISIS-Al Qaeda gaining in strength in the region. The Gaza-Lebanon situation is also understood to have been discussed.

While Lauritz Knudsen and Mumbai Indians have declined to comment on the financial details, the deal is estimated to be worth approximately ₹40 crore per year, totaling ₹120 crore over three years. This agreement surpasses the previous ₹30 crore-per-year deal that the franchise had with the fintech company Slice. Lauritz Knudsen, formerly known as L&T Switchgear and part of the Schneider Electric Group in India, aims to boost its visibility in the country through its association with the Mumbai Indians.

Russian President Vladimir Putin said artificial intelligence figures in discussions at every meeting with Prime Minister Narendra Modi and hinted at forging an AI partnership with India. Speaking at Russia's flagship AI conference, he described Modi as a «person who looks to the future».

Material possessions: These serve as a symbol of success for many. But this sentiment varies based on socioeconomic standing. Rich: 36% equate owning more material possessions with success. Luxury items are seen as tangible manifestations of affluence.