India Financial News

Tripura Police detained 10 Bangladeshi nationals, belonging to the Hindu community. These people entered India by fleeing their village due to unrest and tensions in the neighbouring country. A police officer said that the 10 Bangladeshi nationals including two women, three teenagers and an elderly person were detained from the Ambassa railway station in Tripura before boarding a Silchar (Assam)-bound train.

Manama Dialogue and co-chair a ministerial meeting. Jaishankar, in Manama on the final leg of his four-day, two-nation trip, was received by his Bahrain counterpart Dr Abdullatif bin Rashid Al Zayani. «Delighted to arrive in Manama this evening. Great to see my brother FM Dr Abdullatif bin Rashid Al Zayani,» he said in a post on X. «Look forward to participating in the Manama Dialogue tomorrow. Confident that our High Joint Commission will be very productive,» he said.

day-night Test seemed like an exciting idea, the panacea for the problem. Over the years, it seems to have lost its sheen. Except Australia, no country plays it regularly. In fact, they have hosted 13 out of 23 pink ball Tests that have been played so far. England and South Africa haven’t hosted a pink ball Test since 2017. Sri Lanka have never hosted one. India haven’t played a pink Test at home since March 2022 and there is nothing to suggest that it will change anytime soon. For all practical purposes, it has been reduced to tokenism championed by Australia whenever a touring side travels down under.

Online sales have surged 25-30% in the past one year, said Manish Gupta, chief executive of Titan's Fragrances and Fashion Accessories Division, triggering a sudden spike in a market that he estimates is now worth ₹4,500 crore. «The hockey-stick curve is starting now in the perfume category,» Gupta said, highlighting the rapid market evolution from basic deodorants to sophisticated fragrances.

ministry of electronics and IT (MeitY) has asked Meta to prevent WhatsApp-originated pesky messages and calls, many of which lead to financial frauds. «We have taken it (scams issue) up with Meta. This is a continuous process. They (scamsters) will keep discovering newer ways, making people worry,» MeitY secretary S Krishnan told ET. Lately, there has been a rampant misuse of WhatsApp, a popular instant messaging (IM) and voice-over-IP (VoIP) service provider, by scamsters for sharing dubious content, which led to users being conned. The telecom regulator had sought MeitY's intervention to check financial frauds perpetrated through OTT platforms, since such apps are regulators under the IT Act and don't fall under the Telecom Regulatory Authority of India (Trai).

Viswanathan Anand was invited to address a gathering in Bengaluru. The attendees were not chess players or coaches or sports administrators. In fact, it had nothing to do with the sport of chess. Yet, it would turn out to be a gamechanger for chess in India. WestBridge Capital, the Bengaluru-based investment firm that had invited Anand, wanted him to talk to their investors about pattern recognition and its applicability in chess and business. It’s safe to assume that those investors went home better-informed, but chess was definitely the biggest benefactor. During a conversation, Sandeep Singhal, the cofounder and managing partner of WestBridge Captial, suggested to Anand that they should “do something together… for Indian chess”.“He said, ‘let’s think about it’ and then a few months later he came back with an idea of setting up an elite fellowship, where we take the sort of brightest young individuals and try to help them with that last bit that can be the gap between someone who’s best in India to someone who’s best in the world,” Singhal says.

Jasprit Bumrah appeared to clutch his adductor muscle while bowling but bowling coach Morne Morkel assured that it was just a cramp and the pacer is «fine.» Bumrah, who claimed an eight-wicket match haul in India's 295-run win in the series opener, showed signs of discomfort while bowling the 81st over of Australia's innings. He was attended to by the team's physio but resumed bowling immediately, completing his over and delivering three more overs later in the session. «Firstly, with Bumrah, he's fine; it was just this cramp. Yeah, even because after that, you know, he bowled and you got the wickets twice,» Morkel said at the post-match press conference.

Mamata Banerjee’s recent remarks regarding her role in the opposition INDIA alliance have sparked a flurry of reactions from allies within the bloc. Speaking on a television channel, the West Bengal Chief Minister expressed frustration over the leadership and coordination of the coalition. “I had formed the INDIA bloc, now it is up to those leading the front to manage it. If they can’t run the show, what can I do? I would just say that everyone needs to be taken along,” Banerjee stated. When asked why she had not taken charge of the alliance herself, Banerjee clarified, “If given the opportunity I would ensure its smooth functioning. I don’t want to go outside West Bengal, but I can run it from here.” This statement quickly led to speculation about Banerjee’s potential leadership of the INDIA bloc, which she helped establish to challenge the dominance of the BJP.

During his panel discussion at the Doha Forum in Qatar, the Foreign Minister was asked this question, to which he responded, saying, «We've been trying to attract them into the Indian sphere.» Jaishankar was adressing the 22nd edition of the Doha Forum panel on 'Conflict Resolution in a New Era' where Qatar Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thand Norway Foreign Minister, Espen Barth Eide were also present.

Archbishop George Koovakad of India will be created as a cardinal by Pope Francis, the Prime Minister's Office said on Saturday, asserting that it is a matter of immense pride for the country. The government of India has sent a delegation led by Union minister George Kurian to witness this ceremony in Vatican City. «It is a matter of immense pride for India that Archbishop George Koovakad will be created as a Cardinal by His Holiness Pope Francis,» the PMO said in a post on X.

Mamata Banerjee's reported statement «willing to lead INDIA bloc», BJP leader Locket Chatterjee said on Saturday that the Congress' existence is diminishing politically so CM Mamata wants to become the face of the opposition. Speaking to ANI, Chatterjee said that nothing that Mamata Banerjee says can be trusted. «Everyone in India Block was united to defeat BJP but Congress is not there in the results of Haryana, Maharashtra and Jharkhand… Congress's existence is diminishing politically, so Mamata Banerjee wants to become the face of the Leader of the Opposition… However, nothing she (Mamata Banerjee) says can be trusted,» the BJP leader said.

The BJP alleged on Thursday that the US deep state colluded with the media portal OCCRP (Organised Crime and Corruption Reporting Project) and Congress leader Rahul Gandhi to «damage» India's image. The BJP had cited Gandhi's use of reports by OCCRP to attack the Adani Group and to accuse it of having closeness with the government.

The paper, which runs into 67 pages, titled 'Open Banking and Digital Payments: Implications for Credit Access' was authored by Shashwat Alok, Pulak Ghosh, Nirupama Kulkarni and Manju Puri. Among key highlights of the paper are that UPI has enabled underserved groups, including subprime and new-to-credit borrowers, to access formal credit for the first time.

Mohammed Shami is set to compete in the last two Tests of the ongoing series against Australia with his playing kit already headed Down Under and the fitness clearance from the NCA's medical team being a «matter of formality». While the Brisbane Test (from December 14) could be touch and go for the Bengal veteran, it is a foregone conclusion that he will be seen in Melbourne on Boxing Day (December 26) in the fourth Test. A source close to the cricketer said that the NCA «fitness certificate» will come very soon. «Shami's India kit has already been dispatched to Australia. He will complete Mushtaq Ali Trophy T20 assignment and then leave,» the source told PTI.

Apart from the new issues, the Street will also see three listings from Nisus Finance, Property Share REIT and Emerald Tyre Manufacturers.

Nirmala Sitharaman chaired another pre-Budget meeting, this time with the stakeholders from Micro, Small and Medium Enterprises, to gather their inputs and suggestions for the upcoming Budget for 2025-26. The meeting was also attended by Union Minister of State for Finance Pankaj Chaudhary; Finance Secretary; DIPAM Secretary; Department of Economic Affairs Secretary; Chief Economic Adviser; among others. Members from Association of Women Entrepreneurs of Karnataka (AWAKE); Karnataka SC and ST Entrepreneurs Association; Plant-Based Food Industry Association (PBFIA); Ambala Scientific Instruments Manufacturers Association (ASIMA); Rajasthan Footwear Manufacturers Association; The All-India Plastics Manufacturers Association; All India Manufacturers Association; Gujarat Chamber of Small Industries Association; Federation of Associations of Cottage and Small Industries (Based in West Bengal); Federation of Andhra Pradesh Small and Medium Association; and Laghu Udyog Bharati were among the participants at the meeting.

participative diplomacy, External Affairs Minister S Jaishankar on Saturday said that the general sort of the needle is moving more towards the reality of a negotiation than the continuation of the Russia-Ukraine war. Jaishankar also highlighted the impact of the conflict situations in the Gulf and the Mediterranean region on countries all over, including India, in terms of cost escalation for oil, fertilisers and shipping etc. Visiting Doha to participate in the Doha Forum at the invitation of Prime Minister and Minister of Foreign Affairs of State of Qatar Mohammed bin Abdulrahman and was addressing a panel along with him and Norway's Foreign Minister Espen Barth Eide. Answering a question about the situation in the Gulf region and the latest in Syria, the External Affairs Minister highlighted how there is a widening of conflict and gave examples of Israel-Iran firing at each other; said how the situation in Red Sea is impacting shipping for Asia, and then, referred to a previous session of journalists who said even when the job is tough, journalists need to do it.

Jagdeep Dhankhar on Saturday asserted that an eight-fold rise in per capita income needs to be achieved to realise the goal of «Viksit Bharat» (developed India) by the year 2047. Addressing the second convocation ceremony of Mahatma Gandhi Central University in Bihar's Motihari, he also expressed hope that the country, which was currently the «fifth largest economy» in the world, would «soon leave Germany and Japan behind». Lavishing praise on the Narendra Modi government at the Centre, without taking any names, Dhankhar said, «The last 10 years have been marked by eradication of a culture of corruption and middlemen seem to have been eliminated».

pink ball Test as their formidable pacers scythed through India's top-order after nemesis Travis Head's counterattacking century handed his team a substantial first-innings lead on a riveting second day here on Saturday. The Adelaide Oval was throbbing with life through the three sessions of play as Head dominated India with his wide range of strokes on way to a 140 off 141 balls before the trio of Scott Boland (2/39), Mitchell Starc (1/49) and Pat Cummins (2/33) left the visitors in a spot of bother at 128 for five in their second innings and trailing by 29 runs. At stumps, Rishabh Pant was living dangerously on a 25-ball 28 and Nitish Reddy was batting on 15 off 14. Thanks to Head's eighth Test century, which he reached in 111 balls after toying with the Indian bowling attack, Australia ended with 337 all out, and more importantly, a 157-run first-innings lead.