India Financial News

Subscribe to enjoy similar stories. FMCG and tobacco conglomerate Dharampal Satyapal Group's (DS Group) hospitality arm is aggressively expanding its hospitality division, with plans to increase its portfolio from six hotels to 10-12 by FY27. The company is focusing on both city and resort 4–5-star hotel category properties, primarily in "high-growth" regions across India, Rajiv Kumar, vice chairman of the company, said, speaking exclusively to Mint.

mutual fund industry, Zerodha Founder and CEO Nithin Kamath said as he lamented inadequate number of Registered Investment Advisors (RIAs) and Mutual Fund Distributors (MFDs). While Zerodha offers direct plans, the entrepreneur acknowledged the role of MFDs in taking the industry forward and went on to recommend it as a «good career option». «Despite all the interest in the stock market after COVID, there are still only 5 crore unique mutual fund investors. I've said this earlier as well—one of the biggest challenges for the Indian markets is the lack of an advisory ecosystem with just about 900 RIAs,» Kamath tweeted.

inflation data from the world's largest economy and India for further cues on interest rates. The benchmark 10-year yield ended at 6.7171%, compared with its previous close of 6.7073%.

Budget 2025: Every year, the Department of Economic Affairs in the Ministry of Finance prepares the Union Budget, which is then presented by the Finance Minister. The Budget which is tabled annually serves as a financial plan for the country and lays out the estimated earnings and expenditures of the government for the upcoming fiscal year. Here are the five essential steps involved in the formation of the Union Budget: Initial Processes: The process starts approximately six months before the Budget is presented. The Finance Ministry releases Budget Circulars to the relevant ministries and departments, providing essential instructions and guidelines. These circulars are then circulated among disbursing and field officers, who provide information about their department’s financial expenditures, receipts for the current and previous fiscal years, and their financial needs for the upcoming fiscal year.

Nitin Gadkari on Wednesday said the logistics cost in India will come down to 9 per cent within two years. Speaking during bauma Conexpo India, the Road Transport and Highways Minister said that «presently our logistics cost is 14-16 per cent… I assure you that within two years… our logistics cost will be 9 per cent. So we will be more competitive in the international market.» In China, the logistics cost is 8 per cent and in the US and European countries it is 12 per cent, the minister said. The minister further said the automobile industry is one of the important industries that is giving maximum revenue as part of GST to the state governments and the Centre.

Cipla on Wednesday said it has received the nod from Central Drugs Standard Control Organisation (CDSCO) for the exclusive distribution and marketing of Afrezza — inhalation human insulin in India. Afrezza is a rapid-acting insulin delivered through an inhaler as compared to current insulins which are given as injections. Taken at the beginning of a meal, Afrezza dissolves rapidly upon oral inhalation into the lungs and delivers insulin quickly to the bloodstream. Cipla said Afrezza starts working in as early as 12 minutes and helps in reducing the rapid increase seen in sugar levels with meals. The effect of Afrezza lasts for about 2-3 hours and it closely resembles the body’s own response to insulin.

India must strive to become an economic powerhouse and for that, the country needs to work towards developing the newest sector of its economy: the digital world, Prime Minister Modi said on Wednesday. While addressing the Smart India Hackathon 2024 virtually, Modi stressed on the need for the country to pivot towards the enhancement of its digital possibilities. «If we want to become an economic superpower, then we must work on the enhancement of digital world, the newest economic sector.

Indian passport holders starting January 1, 2025, while the existing 60-day visa exemption for Indian travellers will remain in effect. Applicants, non-Thai nationals, must apply for all types of visas at the website https://www.thaievisa.go.th. Each application can be applied by (1) the applicants themselves or (2) other representatives. ALSO READ: Simplest hack for a cheap New Year's trip-go abroad

Subscribe to enjoy similar stories. The Reserve Bank of India’s (RBI) decision to reduce the cash reserve ratio (CRR) in its bi-monthly monetary policy marks an important first step in its policy easing cycle.

N Chandrababu Naidu on Wednesday said global tech giant Google and Andhra Pradesh are eyeing a big artificial intelligence (AI) opportunity in Visakhapatnam. Addressing a district collectors conference at the secretariat, the CM said Google and the southern state have signed an agreement, which would catapult the port city's development. «Recently when IT Minister (Nara Lokesh) went to America, he went to Google campus and requested them. And the result of that is today Google has (agreed to come to Vizag). We signed an MoU (agreement) before coming here. We are looking at a big opportunity in AI,» said Naidu. After proposing Vizag as a prospective location, the CM said Google executives visited Andhra Pradesh's largest city for a firsthand survey and were totally impressed. «If big firms like Google come to Visakhapatnam under strategic investment, that is a game changer,» he said, adding that data centres, AI, machine learning (ML) and deep tech, along with internet sea cables will transform the coastal city into a service hub for the globe. Further, the TDP supremo highlighted that Vizag will become a strategic location.

monetary policy stance post the appointment of Sanjay Malhotra as the new RBI governor. Forex traders said the Indian rupee touched a fresh all-time low of 86.87 in intraday trade as change of guard at the Reserve Bank of India raised odds of a rate cut by the Reserve Bank of India (RBI) in its February meeting. A bounce back in the US dollar from earlier lows also weighed on the rupee. However, positive domestic markets, FII inflows and reports of RBI intervention supported the rupee earlier in the day.

Ashapura Minechem Ltd.(up 9.85%), Madhav Marbles & Granites Ltd.(up 8.18%), Oriental Trimex Ltd.(up 3.96%), The Orissa Minerals Development Company Ltd.(up 1.56%), Gujarat Mineral Development Corporation Ltd.(up 0.88%), Coal India Ltd.(up 0.71%), KIOCL Ltd.(up 0.36%), Lexus Granito(India)Ltd.(up 0.32%) and MOIL Ltd.(up 0.32%) stood among the top gainers.

The NSE Nifty index ended the session 31.75 points up at 24641.8, while BSE Sensex 16.09 points to 81526.14.

knowledge workers are racing against the clock to wrap up unfinished projects. A new report from Atlassian, a collaboration and productivity software company, revealed that 76% of Indian professionals face a pileup of incomplete tasks by year-end. The phenomenon, reflective of a global trend, emanates from unexpected hurdles, overcommitment and shifting priorities, it said. “While the end of the year often brings pressure to wrap up projects, it’s also a chance to reassess your priorities,” said Molly Sands, head of teamwork lab at Atlassian.

This programme will support India’s climate and sustainability goals by empowering local communities, restoring ecosystems, and fostering sustainable development practices in collaboration with Safe Water Network, the company said in a statement. Program Vasundhara’s will prioritize water resource management, sustainable agriculture, biodiversity conservation, and renewable energy across the two cities. In Bengaluru, around the Aivarakhandapura Lake, Program Vasundhara is building an 18-million-liter rainwater harvesting structure to boost local water availability and reduce dependency on external sources. This is a crucial step in addressing local water challenges while fostering resilience in the community.

Khaitan Chemicals & Fertilizers Ltd.(up 0.90%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.86%), Krishana Phoschem Ltd.(up 0.64%), National Fertilizers Ltd.(up 0.56%), The Fertilisers and Chemicals Travancore Ltd.(up 0.43%), Rashtriya Chemicals & Fertilizers Ltd.(up 0.41%) and Madhya Bharat Agro Products Ltd.(up 0.11%) stood among the top gainers.

Subscribe to enjoy similar stories. Large Language Models (LLMs), which are foundational for many applications of artificial intelligence (AI), such as chatbots, have unparalleled capacity to store and analyse virtually all published knowledge—ranging from scholarly books and professional articles to the unfiltered opinions of billions of people.

Indian Constitution, police said. Amid the bandh called by some organisations, a mob indulged in arson and police fired teargas shells in response, said a senior official. The stone replica of the Constitution outside Parbhani railway station, set in front of a statue of Dr B R Ambedkar, was found to have been damaged on Tuesday, sparking protests. Police arrested a man in connection with the incident, but protests resumed on Wednesday morning.

laid off? A job seeker recently sought advice from Reddit and received mixed responses from seasoned job seekers and recruitment professionals. A user named ‘noob-expert’ wrote on the subreddit Indian Workplace, “My current company decided that they needed to let go of some workforce, and I was also impacted due to that. I am currently applying for jobs and getting calls from the recruiters. They are asking if I am serving my notice period and later if I have any offers in hand. So, about this, do I tell them that I have been laid off? Or do I tell them that I voluntarily put my papers in without any offers in hand? I am confused how this might be pictured. Any suggestions would be very helpful.

Reserve Bank of India governor during his first press conference on Wednesday emphasized the need to remain alert and agile in a constantly changing world marked by geopolitical tensions. Malhotra assumed office as the 26th Governor of the Reserve Bank of India earlier today, succeeding his role as the former Revenue Secretary. He will serve a three-year term as the head of India's central bank. Malhotra succeeds Shaktikanta Das who completed his term as the RBI chief on Tuesday.

BEML Ltd on Wednesday said it has secured a Rs 136-crore contract for the supply of indigenously designed High Mobility Vehicles (HMV) 8x8. These vehicles will play a pivotal role in the Battle Field Surveillance System (BFSS) project, reinforcing India's defence capabilities and advancing the government's vision of Atmanirbhar Bharat, the PSU under the Ministry of Defence said. Manufactured at BEML's facilities, the HMV 8x8 is designed to deliver exceptional reliability and versatility, even in the most challenging environments. Key features of these vehicles include an independent suspension system, a high-power air-cooled engine, a central tyre inflation system, an anti-lock braking system and a backbone tube chassis design.