India Financial News

Cement dealers across the country have hiked prices since the start of December after four to five months of flat prices that has reduced dealer margins and affected the profits of cement companies. Dealers have said that the hikes are because of the increased demand from the real estate sector, which is driven by better labour availability post-festive season, and an increase in orders from the infrastructure sector.

employability among Indian graduates has seen a steady rise, reaching 54.81 per cent as per a recent test. The employability among graduates for the year is calculated from the Global Employability Test (GET) in the previous year. In the previous test, employability among Indian graduates stood at 51.25 per cent, according to Wheebox ETS India Skills Report 2025. «This decade belongs to India as a leader in global talent mobility. This decade must be focused on quality of skills training that shall make a stark difference for international mobility. Long term and internally certified skill programs with embedded language training will be the winning bet to provide early work opportunities. The skilled and certified talent from India provides a unique advantage and leverage to India,» Nirmal Singh, Chief Convenor of India Skills Report and Wheebox CEO added.

Subscribe to enjoy similar stories. New Delhi: On 29 June 2020, two weeks after Indian and Chinese troops brutally clashed at the Galwan Valley, India’s ministry of electronics and IT said it was pulling the plug on 58 Chinese apps operational in the country. Among them was TikTok—the short-form video app was hugely popular back then, with over 200 million users in India.

Adani Enterprises, Varun Beverages, Tata Motors were among 10 stocks that created the biggest, fastest and most consistent wealth over the last five years, according to a Motilal Oswal report, which defines this lot as the all-round wealth creators. Motilal Oswal's annual study on the leading wealth creators in India found that about 10 stocks including Adani Enterprises, Adani Green, HAL, Varun Beverages, Adani Power, Trent, Tata Motors, CG Power and Siemens created the best all-round wealth for investors.

European Union on Tuesday agreed to hold the first-ever ministerial strategic foreign policy dialogue soon to jointly navigate an array of critical challenges including geo-political tensions and Chinese belligerence in the Indo-Pacific and beyond. The decision to institute the strategic dialogue was taken during a phone conversation between External Affairs Minister S Jaishankar and his counterpart from the 27-nation bloc Kaja Kallas. In a post on 'X', Kallas, the EU High Representative for Foreign Affairs and Security Policy, said it was agreed to hold the first ministerial strategic foreign policy dialogue soon. The move to hold the dialogue comes months before India and the EU hold summit-level talks in New Delhi that is expected to see significant outcomes in terms of deepening of cooperation in a range of areas such as security, digital public infrastructure and trade.

human spaceflight mission, Gaganyaan, closer to reality, the Indian Space Research Organisation (ISRO) and the Indian Navy have successfully completed ‘well deck’ recovery trials, the space agency announced on Tuesday. The trials were conducted by the Eastern Naval Command using a well deck ship off the coast of Visakhapatnam on December 6. For the Gaganyaan mission, this technique is critical for ensuring the safe recovery of astronauts following their three-day mission around Earth’s orbit. “Once the Crew Module (CM) touches down in the sea at the end of the mission, the crew must be recovered as quickly and comfortably as possible,” ISRO said. A well deck—a ship compartment that can be flooded to allow boats, landing crafts, or spacecraft to dock is a preferred option for recovering the module.

Sikko Industries Ltd.(up 3.38%), The Fertilisers and Chemicals Travancore Ltd.(up 2.62%), Chambal Fertilisers & Chemicals Ltd.(up 1.64%), Aries Agro Ltd.(up 1.38%), National Fertilizers Ltd.(up 1.33%), Krishana Phoschem Ltd.(up 1.31%), Southern Petrochemicals Industries Corporation Ltd.(up 1.20%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 0.99%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.86%) and Paradeep Phosphates Ltd.(up 0.81%) stood among the top gainers.

Securities and Exchange Board of India (Sebi) on Tuesday enhanced its scope by making top 500 stocks available for the T+0 cycle. The scrips will be made available as of December 31, 2024. “Optional T+0 settlement cycle shall be made available to top 500 scrips in terms of market capitalization as on December 31, 2024. The scrips shall be made available for trading and settlement starting with scrips at bottom 100 companies out of the aforesaid 500 companies and gradually include the next bottom 100 companies every month till top 500 companies are available for trading in optional T+0 settlement cycle," a Sebi circular issued on Tuesday said.

On the BSE, VCK Cap Market(down 20.00 per cent), Olympic Cards(down 18.75 per cent), Sancode Technologies(down 10.00 per cent), Rajdarshan Ind(down 9.99 per cent) and Rose Merc. Ltd.(down 9.96 per cent) stood among the top losers in today's trade.

public sector banks (PSBs) stood at Rs 3.16 lakh crore as of September 30, which is 3.09 per cent of the outstanding loans, Parliament was informed on Tuesday. Minister of State for Finance Pankaj Chaudhary said in the Rajya Sabha that as per provisional data of the Reserve Bank of India (RBI), gross NPAs of PSBs and private sector banks as on September 30, 2024 were Rs 3,16,331 crore and Rs 1,34,339 crore, respectively. Further, gross NPAs as percentage of outstanding loan was 3.09 per cent in public sector banks and 1.86 per cent in private sector banks. Chaudhary further said as of March 31, 2024, 580 unique borrowers (excluding individuals and overseas borrowers), each having loan outstanding of more than Rs 50 crore, were classified as wilful defaulters by Scheduled Commercial Banks.

Revenue Deficit: The shortage of enough funds with government to maintain its day-to-day affairs is known as revenue deficit. This happens when total revenue expenditure crosses total revenue receipts, leading to a revenue deficit. To work through the revenue deficit, the government typically resorts to borrowing, divestments, and may also introduce new taxes or raise existing ones to bridge the gap in revenue. Fiscal Deficit When the Centre spends more money than it receives, the negative balance is known as fiscal deficit. The number is one of the most important figure that is observed during the Budget. The size of the deficit may affect growth, price stability, cost of production, and inflation. Additionally, in case of high fiscal deficit, a country's rating is also impacted. On the other hand, when there is an increase in the fiscal deficit, there is a boost to a sluggish economy by giving more money to people who can then buy and invest more.

MOIL Ltd.(up 3.59%), Ashapura Minechem Ltd.(up 1.60%), Gujarat Mineral Development Corporation Ltd.(up 1.23%), Aro Granite Industries Ltd.(up 1.22%), NMDC Ltd.(up 1.02%) and Coal India Ltd.(up 0.02%) stood among the top gainers.

EEPC India, the apex engineering exports promotion body, has proposed introducing a 25% income tax slab for MSME manufacturing units that are partnerships, LLPs, or sole proprietorships. In its pre-Budget memorandum to the Ministry of Micro, Small and Medium Enterprises, EEPC India also suggested increasing the benefits limit available under the Interest Equalization Scheme (IES) to Rs 10 crores from Rs 50 lakh now and offering 100% depreciation for investment in solar power generation by MSME units. Pankaj Chadha, Chairman, EEPC India said in a statement, «Private limited companies currently pay 25% income tax, while entities like partnerships, LLPs, and sole proprietorships pay approximately 35% after including surcharges. We therefore urge the government to introduce a 25% income tax slab for MSME manufacturing units that are partnerships, LLPs, or sole proprietorships. The condition would be that the extra 10% saved must be reinvested in the business.»

Sanjay Malhotra from the Ministry of Finance in New Delhi to the Reserve Bank of India in Mumbai has left a key position vacant, just seven weeks before Finance Minister Nirmala Sitharaman is set to present the Union Budget. This development poses a unique challenge as the government has yet to announce Malhotra's successor for a role that demands extensive expertise in both direct and indirect taxation. Historically, the government has refrained from extending terms of finance officials even in the crucial lead-up to the budget. The vacancy now highlights the delicate balance required to ensure seamless coordination within the finance ministry, which comprises six departments—Revenue, Expenditure, Economic Affairs, Financial Services, DIPAM, and Public Enterprises. Of these, Revenue, Expenditure, and Economic Affairs play critical roles in shaping the Union Budget. This year's scenario is further complicated by recent changes in leadership. DIPAM Secretary Tuhin Kanta Pandey, now serving as the Finance Secretary due to his seniority, is juggling multiple responsibilities, including overseeing the Department of Public Enterprises and the Department of Personnel. For Expenditure Secretary Manoj Govil and Financial Services Secretary M. Nagaraju, the upcoming budget will be their first experience in such a high-stakes exercise.

Bajaj Consumer Care Ltd.(up 10.15%), Hatsun Agro Products Ltd.(up 7.58%), Emami Ltd.(up 3.21%), Hindustan Foods Ltd.(up 2.82%), Bikaji Foods International Ltd.(up 2.58%), Zydus Wellness Ltd.(up 2.44%), Tasty Bite Eatables Ltd.(up 1.80%), Euro India Fresh Foods Ltd.(up 1.72%), Colgate-Palmolive(India)Ltd.(up 1.61%) and Gillette India Ltd.(up 1.44%) stood among the top gainers.

Supreme Court that it had written to the state chief secretaries to follow the law laid down by the apex court on the issue of internet shutdowns. A bench of Justices Vikram Nath and P B Varale was informed by the Centre about the top court's judgement on internet shutdowns in Anuradha Bhasin's case. In Anuradha Bhasin v. Union of India, the apex court ruled that an undefined restriction of internet services was illegal and orders for internet shutdown must satisfy the tests of necessity and proportionality. On Tuesday, the petition before the bench alleged shutting down of internet services in some states on account of preventing cheating in examinations.

Subscribe to enjoy similar stories. NEW DELHI : Amazon is taking the fight to India’s quick commerce startups. Starting this December, the e-commerce giant will roll out 15-minute delivery in Bengaluru, targeting top-selling items like groceries and daily essentials.

These high-performing stocks that rallied more than 10% during the session included, The Phosphate Co.(14.94%), Vision Corp(14.03%), Remi Edelstahl(13.32%), Greenpanel Ind(13.20%), CWD L(12.91%), Forbes Precision Too(12.71%), Nalwa Sons Invst(12.38%), Mukta Agriculture(12.16%), Bhartia Bachat(12.14%) and Shivam Autotech(11.96%).

Subscribe to enjoy similar stories. It’s the season for all things that bring joy. In keeping with this vibe, the prolific baker and content creator Shivesh Bhatia launched a cookbook titled, Chocolate.

Pralhad Joshi said on Tuesday, while cautioning that its rapid expansion is accompanied by various risks. “The future of ecommerce in India is bright, inclusive and transformative. While this digital revolution offers incredible opportunities, our government believes it is equally important for consumers to feel confident and make informed choices. Gaining the trust and confidence of consumers is crucial for ecommerce platforms,” Joshi said at Amazon's flagship annual summit, Amazon Smbhav. “Online platforms are now required to provide accurate product details, transparent pricing, disclose the country of origin, and ensure clear return and refund policies while maintaining product quality,” he said, emphasising that platforms often attempt to promote a particular brand.

Shares of TVS Motor Company Ltd.(up 1.26 per cent), Mahindra & Mahindra Ltd.(up 0.52 per cent), Samvardhana Motherson International Ltd.(up 0.3 per cent), MRF Ltd.(up 0.24 per cent) and Tata Motors Ltd.(up 0.15 per cent) ended the day as top gainers in the pack.