India Financial News

Benchmark NSE Nifty closed 58.8 points down at 24619.0 amid selling in frontline bluechip counters.

The NSE Nifty index closed 58.8 points down at 24619.0, while BSE Sensex ended 200.66 points at 81508.46.

MG Motor India, through its newly established premium retail channel MG Select, has unveiled the MG Cyberster, an electric two-seater roadster that marries heritage with modernity. The Cyberster pays homage to the iconic 1960s MG B Roadster while incorporating cutting-edge technology. It will make its market debut in January 2025 at the Bharat Mobility Global Expo. The MG Cyberster is set to be the first vehicle in the MG Select lineup, with the company aiming to introduce four new energy vehicles in the next two years. MG Select will cater to a growing demand for «accessible luxury» by providing exclusive experience centres across 12 Indian cities.

Jitin Prasada said on Monday. “Despite being the largest connected nation globally, our presence in the critical global public forums where global standards and technologies for the Internet are determined — it is notably underrepresented,” the minister said. “It is a priority of our government to address this imbalance and ensure that our nation's perspectives contribute significantly to shaping the global discourse on internet governance.”

Subscribe to enjoy similar stories. There is a unique multi-course, immersive dining experience in Kochi featuring a series of meals shaped by the chefs’ food memories and traditional dishes of Kerala. They are conceptualised by a local food experience curating agency, Bites & Banter.

Subscribe to enjoy similar stories. Many retailers came through relatively unscathed by Donald Trump’s tariffs imposed starting in 2018. This time around, though, tariffs have the potential to bite more.

World Test Championship (WTC) points table after a convincing 2-0 series victory over Sri Lanka at home. The Proteas' triumph, led by captain Temba Bavuma, dislodged Australia from the top position. With this win, South Africa now requires just one more victory in their upcoming two-match series against Pakistan to secure a spot in the WTC Final.

«The purpose of that meeting was to ensure that the House runs smoothly. Both sides had a frank discussion and they signalled two things. One, that integrity, and sovereignty of the nation are sacred for us. We cannot allow any forces within the country or outside to sacrilege our unity, our integrity and our sovereignty,» Dhankhar said, adding that the leaders have agreed to meet in his chamber again at 10:30 am on Tuesday. The Chairman then appealed to all members to carefully consider the oath of the Constitution they have taken to ensure the integrity of the nation on a priority basis.

economic growth, Dilsher Malhi, founder and CEO of online gaming platform Zupee, said on Monday. Speaking at the India Internet Governance Forum (IIGF) 2024, Malhi said startups are adding value to society's experiences and redefining how people experience education, healthcare, travel, and entertainment. «India has become the world's third-largest startup ecosystem and we believe this has happened mainly because of the endless possibilities that arise from a credible digital public infrastructure consisting of UPI and Aadhaar, and the penetration of mobile phones across the country. Now with the Bharat 6G vision, the semiconductor mission and the AI mission, startups are positioning India for an exponential economic growth,» he said. Speaking on the concept of «gamification» in addressing real-world challenges, Malhi described how startups are evolving from merely providing solutions for immediate problems--what he referred to as «painkillers»--to offering enriching experiences that enhance well-being, termed «vitamins.»

Manoj Kumar Jayaswal and its former director Ramesh Kumar Jayaswal in a coal scam case related to the allocation of Brinda, Sisai, and Meral coal blocks in Jharkhand. In its case registered in 2016, the CBI had alleged that the company obtained the coal blocks by misrepresenting its financial position, acquisition of land for its proposed end-use plant, and other related claims, a statement from the agency said. Forged documents were used to secure the recommendation of the Ministry of Steel, Government of India, for the allocation of the coal blocks, the CBI said. Special Judge Arun Bhardwaj convicted Nagpur-based Abhijeet Infrastructure Pvt Ltd (AIPL), its Managing Director Manoj Kumar Jayaswal and former director Ramesh Kumar Jayaswal of cheating, criminal conspiracy and using forged documents as genuine. Their sentence will be pronounced later.

production linked incentive (PLI) schemes have led to investments of over Rs 1.25 lakh crore, Prime Minister Narendra Modi said Monday. Speaking at the Rising Rajasthan Global Investment Summit 2024, he said the role of PLI scheme in increasing manufacturing in India is also increasing. «There is a lot of enthusiasm in Electronics, Specialty Steel, Automobiles and auto components, Solar, and Pharmaceuticals,» PM Modi said. «Investment of about Rs 1.25 lakh crore has been made in due to PLI scheme. Products worth about Rs 11 lakh crore have been manufactured and exports have increased by Rs 4 lakh crore,» he said.

Elon Musk's Starlink seeking details of who purchased its internet device that helps in sea navigation when smugglers with $4.2 billion worth of meth were caught in the biggest such Indian seizure. Two people with direct knowledge of the police notice sent by Andaman and Nicobar island officials said Starlink had been asked for the purchaser's name and payment method, registration details and where the internet device was used when smugglers travelled in international waters from Myanmar to India. Starlink and Andaman police did not respond to Reuters request for comment.

Madhav Marbles & Granites Ltd.(up 3.08%), Ashapura Minechem Ltd.(up 2.34%), Pokarna Ltd.(up 2.00%), NMDC Ltd.(up 1.21%), Sandur Manganese & Iron Ores Ltd.(up 1.00%) and KIOCL Ltd.(up 0.75%) stood among the top gainers.

textile stocks on Monday which shot up 14% in the intraday trade. The stocks rose on expectations of manufacturing orders shifting to India. The eastern neighbour’s fallout with Punjab-based Trident took the lead. Trident shares on Monday ended at Rs 38.04, up by 10.4% while Himatsingka settled at Rs 211, gaining over 8%. Meanwhile, Welspun Living and Gokaldas Exports shares finished at Rs 1,035 and Rs 173.60, respectively surging by 6.5% and 5.7%.

Kia India Senior Vice President — Sales and Marketing — Hardeep Singh Brar said the company is committed to deliver technologically advanced vehicles of the highest quality to customers. «However, due to the persistent rise in commodity prices, unfavourable exchange rates, and increased input costs, a necessary price adjustment has become unavoidable,» he added.

Umang Dairies Ltd.(up 14.44%), Future Consumer Ltd.(up 3.58%), LT Foods Ltd.(up 3.17%), Sheetal Cool Products Ltd.(up 2.12%), Bajaj Consumer Care Ltd.(up 1.77%), Bikaji Foods International Ltd.(up 1.41%), Hatsun Agro Products Ltd.(up 1.01%), Dodla Dairy Ltd.(up 0.92%), Tasty Bite Eatables Ltd.(up 0.65%) and Heritage Foods Ltd.(up 0.53%) stood among the top gainers.

Tata Motors on Monday said it will hike the price of its passenger vehicle portfolio, including electric vehicles, by up to 3 per cent from January next year. The price hike is being undertaken to partially offset the rise in input costs and inflation, the Mumbai-based auto major said in a statement. «Effective January 2025, the price increase will vary depending on model and variant,» it added. Already, various carmakers, including Maruti Suzuki, Hyundai, Mahindra and JSW MG Motor, have announced to hike vehicle prices from the next month.

Virat Kohli took to the field as the Test captain for the first time ever during the Border-Gavaskar Trophy against Australia, marking a start of perhaps country's golden period in Test cricket, which witnessed plenty of records broken, on-field confrontations and aggression and the long-format cricket at its very best, which marked a massive paradigm shift in the way India played its cricket in white clothing. The first Test against Australia at Adelaide Oval saw a 25-year-old donning the captain's blazer for the first time ever, due to MS Dhoni's unavailability due to an injury.

Colgate-Palmolive (India) Ltd. 3.14 per cent to Rs 2793.75 at 01:55PM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 7,574 shares with a turnover of Rs 2.12 crore till 01:55PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 51.68, while the price-to-book value ratio stood at 27.81.

Bengal Chief Minister Mamata Banerjee expressed hope that Indian Foreign Secretary visiting Bangladshesh becomes successful in his diplomacy and she expects peace to return.«We expect the diplomacy to be successful and expect peace to return. The foreign secretary will hold meetings in Bangladesh,» she said. Foreign Secretary is visiting Bangladesh today and will hold meetings «We expect peace to return,» she said. She gave a strong message to former army men of Bangladesh who dared India about capturing Bengal, Bihar and Odisha.

Redmi Note 14 5G is powered by the MediaTek Dimensity 7025 Ultra processor, a notable improvement over the Dimensity 6080 chipset in the Redmi Note 13 5G. This upgrade promises enhanced performance and efficiency, catering to power users and gamers alike.The device also houses a 5,110mAh battery with support for 45W fast charging, ensuring extended battery life. By comparison, the Redmi Note 13 5G features a slightly smaller 5,000mAh battery with 33W charging support, making the new model more practical for heavy usage.In terms of display, the Redmi Note 14 5G boasts a 6.67-inch FHD+ AMOLED panel with a 120Hz refresh rate and a peak brightness of 2,100 nits.