India Financial News

Quant Small Cap Fund, the largest fund managed by Quant Mutual Fund, added 10 stocks to its portfolio in November. Of these 10, five were PSU stocks including SBI, HUDCO, Mazagon Dock Shipbuilders, MOIL, and ONGC. Apart from these five PSU stocks, the smallcap fund added Cochin Shipyard, Welspun Corp, Welspun Enterprise, Om Infra, and Punjab Alkalies and Chemicals. Also Read | Explainer: What are different types of SIPs available for mutual fund investors and who should use them

Zerodha Founder and CEO Nithin Kamath on Saturday took to social media platform X to warn investors of the stock market malices happening daily and how investors were being fooled by scamsters. Citing market regulator Securities and Exchange Board of India's (Sebi’s) two recent orders — Trafiksol ITS Technologies IPO and Baap of Chart — Kamath reiterated that shortcut to make a quick buck is the surest way to lose money in the markets.

Subscribe to enjoy similar stories. The Shuttle of Time, a large abstract sculpture made with banana fibre—its title emerging from the weaver’s shuttle— urges viewers to probe questions about craft, design traditions and their origins.

Supreme Court will hear on December 12 a batch of petitions challenging certain provisions of Places of Worship (Special Provision) Act, 1991, that prohibit the filing of a lawsuit to reclaim a place of worship or seek a change in its character from what prevailed on August 15, 1947. A special bench of Chief Justice of India Sanjiv Khanna and Justices PV Sanjay Kumar and KV Vishwanathan will hear the case at 3.30 pm. The Act prohibits conversion of any place of worship and to provide for the maintenance of the religious character of any place of worship as it existed on the August 15, 1947.

Modi's Niti Shastra: The World's His Oyster," highlighting the transformative leadership of Prime Minister Narendra Modi. The book, written by Aggarwala, delves into PM Modi's vision for India's public welfare, governance, and global stature. Shah congratulated the author and the publishing board for bringing out a work that documents the Prime Minister's remarkable journey from Gujarat's Chief Minister to becoming the longest-serving Prime Minister in India's history, achieving unprecedented reforms and nation-building milestones.

unified communications company Tadiran Telecom plans to invest at least USD 10 million (about Rs 80 crore) annually to manufacture IP telephones in India, a top company official has said. IP telephones support multiple communication functions, including conference calls through apps, and are generally used in business organisations. The company has partnered with DCM Shriram for manufacturing IP phones.

Mamata Banerjee's reported statement 'willing to lead INDIA alliance', BJP leader Pradeep Bhandari on Saturday said that the INDIA bloc leader does not believe in the leadership of Lok Sabha Leader of Opposition Rahul Gandhi and Priyanka Vadra and claimed that the alliance itself calls Rahul Gandhi a «childish person.» «No leader of the INDI alliance believes in the leadership of Rahul Gandhi and Priyanka Vadra. The INDI alliance believes that Rahul Gandhi is a political failure… Sometimes Akhilesh Yadav says he is the leader, sometimes Mamata Banerjee says she is the leader, sometimes Stalin says he is the leader and everyone says in one voice that Rahul Gandhi and Priyanka Vadra are not the leader. We do not call Rahul Gandhi a childish person, the INDI alliance calls Rahul Gandhi a childish person,» Bhandari told ANI. Earlier on December 3, in response to a query regarding TMC leaders suggesting that Chief Minister Mamata Banerjee should be made the INDIA bloc leader days after Congress faced a crushing defeat in Maharashtra assembly polls, party MP Kirti Azad said that the ruling TMC supremo takes everyone along.

Union Minister George Kurian on Saturday said the much-awaited visit of Pope Francis to India is likely to happen after 2025, which has been announced as the «Jubilee Year» by the Catholic Church. He said India had already invited the Pope officially and Prime Minister Narendra Modi directly extended him the invitation. The rest of the matters and procedures were to be decided by the Vatican. The visit would be scheduled as per the convenience of Pope Francis, he told media. Union Minister of State for Minority Affairs, Kurian was part of the delegation which reached Vatican to take part in the ordination of Monsignor George Jacob Koovakad, hailing from Kerala, as Cardinal by Pope Francis at a function to be held on Saturday.

Lok Sabha that 519 Indian nationals were deported from the United States, for being declared «unauthorised to stay» by American authorities, within a year's time, says a TOI report. ALSO READ: US Visa Bulletin December 2024: Indian applicants in some Green Card categories move forward Replying to questions by TMC member Mala Roy on the deportation of Indians from USA, minister of State for External Affairs Kirti Vardhan Azad told the Lower House in a written reply that, «as per US government data, a total of 519 Indian nationals were deported to India during the period November 2023 to October 2024. Deportations are carried out by the US government through commercial and chartered flights.»

CISF has set up a quality control unit to «enhance» the «operational efficiency» of its aviation security wing that provides a counter-terrorist cover to 68 civil airports of the country. An spokesperson for the paramilitary force said on Saturday that the Internal Quality Control Unit (IQCU) will play a «crucial» role in establishing «world-class» security procedures and technology for the airports that are used by lakhs of domestic and international passengers every day. The initiative is in compliance with the National Civil Aviation Security Quality Control Programme (NCASQCP) of 2024 issued by the Bureau of Civil Aviation Security (BCAS) and the Aircraft (Security) Rules of 2023, he said. The BCAS, under the civil aviation ministry, frames security policies for the Indian civil aviation sector.

billionaire entrepreneurs over the next decade, mirroring like China's growth in billionaires until 2020, says a report by UBS. The report noted that the key factors such as rapid urbanization, digitalization, expanding manufacturing capabilities, and preparations for the energy transition are driving this momentum. It said «It may well be that India's billionaire entrepreneurs multiply over the next 10 years just as China's did in the years until 2020».

Navodaya Vidyalayas (NVs) across India, Prime Minister Narendra Modi on Saturday said that the government is committed to providing school education to every section of the society in accordance with the National Education Policy. «We are committed to providing school education to every section of the society in accordance with the National Education Policy. In this regard, our government has approved 28 new Navodaya Vidyalayas across the country. This will expand residential and quality school education on a large scale,» PM Modi posted on X. On Friday, the Union Cabinet approved the establishment of 28 new Navodaya Vidyalayas (NVs) in districts that are currently not covered by the Navodaya Vidyalaya Scheme.

economic growth rate, the markets maintained a positive bias throughout the week. Further, a positive turnaround from FIIs to India in expectation of a dovish monetary policy by RBI supported the sentiment. During the week, as many as 89 smallcap stocks have delivered double-digit weekly returns with eight of them offering gaining over 25%.

India Meteorological Department (IMD). After three days of 'moderate' air quality, Delhi's air quality once again worsened to enter the 'poor' category. The city's Air Quality Index (AQI) stood at 222 around 9 am, according to Central Pollution Control Board data. An AQI between zero and 50 is considered 'good', 51 and 100 'satisfactory', 101 and 200 'moderate', 201 and 300 'poor', 301 and 400 'very poor', and 401 and 500 'severe'.

Subscribe to enjoy similar stories. On the surface, this newly listed water management stock may look like the biggest story to watch out for in 2025. Why, you ask? It belongs to the red-hot water management sector, and we recently explained why stocks involved in this industry could make big moves in 2025.

While the senior living industry in the country is still in the nascent stage, companies that are currently providing such services are increasingly looking at the government to offer some relief at the policy level. Speaking on the sidelines of Association of Senior Living India's Ageing Fest in Bengaluru, association chairman Ranjit Mehta told ET: «There’s no single nodal agency — we currently deal with the Ministry of Social Justice, Urban Affairs and Housing, and Health. We’ve requested the government to streamline this.»

Reserve Bank of India's (RBI) first cut in the cash reserve ratio (CRR) since March 2020 is likely to provide much needed liquidity to the banking system, cooling off bulk deposit rates and lift core profitability of lenders by up to 5 basis points, bankers said. One basis point is a hundredth of a percentage point.

The offering is entirely an offer for sale by the promoter, LG Electronics Inc., which plans to sell 101.8 million shares, or 15% of the equity capital.

Reserve Bank of India (RBI) has decided to float a new interest rate benchmark — the Secured Overnight Rupee Rate (SORR) — to capture the essence of the broader money markets and to improve credibility of the index. The new benchmark will be based on the secured money market transactions — both market repo and tri party repo (TREPS). Together, they account for 98% of overnight money markets and include participation from both banks and non-banks.

Mahatma Gandhi was unveiled in the State Capitol building in Nebraska as December 6 was proclaimed as a day of remembrance for Gandhi in the US state, honouring the principles of non-violence, tolerance and justice championed by the iconic Indian leader. Governor Jim Pillen of Nebraska unveiled the bust of Mahatma Gandhi on Friday at the Governor's Office in the iconic Nebraska State Capitol premises in Lincoln. This marks the first installation of Gandhi's bust in any State Capitol premises in the nine states that come under the consular jurisdiction of the Indian Consulate in Seattle.

UN General Assembly draft resolution that was unanimously adopted to proclaim December 21 as World Meditation Day. India, including Liechtenstein, Sri Lanka, Nepal, Mexico and Andorra, was a member of the core group of countries that guided the unanimous adoption of the resolution titled 'World Meditation Day' in the 193-member UN General Assembly on Friday. «A day for comprehensive well-being and inner transformation! Glad that India along with other nations of the core group guided the unanimous adoption of the resolution on the declaration of December 21 as World Meditation Day @UN General Assembly today (Friday),» India's Permanent Representative to the UN Ambassador Parvathaneni Harish said in a post on X.