India Financial News

Cummins India Ltd. 0.34 per cent to Rs 3470.05 in Friday's trade as of 11:05AM (IST) even as the benchmark Nifty ruled at 24723.5, 15.1 points. The scrip had closed at Rs 3458.05 in the previous session. The stock quoted a 52-week low of Rs 1836.95 and a high of Rs 4169.50. The company quoted a market-cap of Rs 96728.94 crore on the BSE.

Indian Hotels Company Ltd. traded 0.56 per cent in Friday's trade at 11:15AM (IST). Around 40,183 shares changed hands on the counter. The counter opened at Rs 817.65 and touched an intraday high and low of Rs 826.35 and Rs 816.90, respectively, in the session so far. The stock of Indian Hotels Company Ltd. quoted a 52-week high of Rs 826.35 and a 52-week low of Rs 416.15.

«So, maybe there are some quarters of the market which believe that there will be a rate cut and so all the interest rate sensitives, whether industrials, banks, financial services, consumer discretionary, these are also moving up. And we also believe that an repo rate cut is actually essential to boost up both corporate India and the economy,» says Chakri Lokapriya, Managing Partner, RSB LLP. The FIIs definitely are back with a vengeance, although the DIIs have been selling of late. But that aside, what is it that you are making of the market move of late? And does it seem like that aberration that we had in the month of September and October, that is way behind us? Chakri Lokapriya: The market had corrected a good 10% and that also reflects in the slower GDP growth, that means the economy is slowing down. So, there is all expectations aside, I think the need of the hour is not just a liquidity boost of CRR cut, but also a repo rate cut. So, maybe there are some quarters of the market which believe that there will be a rate cut and so all the interest rate sensitives, whether industrials, banks, financial services, consumer discretionary, these are also moving up. And we also believe that an repo rate cut is actually essential to boost up both corporate India and the economy.

FY25 GDP growth forecast to 6.6 per cent from 7.2 per cent, Governor Shaktikanta Das announced on Friday. Q3FY25 GDP growth forecast was reduced to 6.8% from 7.4%, Q4 growth target was lowered to 7.2% from 7.4%, and Q1FY26 was also revised to 6.9% from 7.3%. ALSO READ: RBI Policy Meeting GDP Forecast: Das & Co cut India’s FY25 growth aim to 6.6% from 7.2%

Subscribe to enjoy similar stories. Kaynes Technology India Ltd shares hit a new 52-week high of ₹6,485 apiece on Tuesday ahead of the company’s announcement that it acquired a 54% stake in Sensonic GmbH, an Austrian provider of distributed acoustic sensing (DAS) solutions. By integrating Sensonic’s fiber optic sensing technology with its manufacturing capabilities, Kaynes aims to deliver improved railway infrastructure solutions focused on safety, operational optimization and efficiency.

Mitchell Starc dismissed India opening batsman Yashaswi Jaiswal fell for a golden duck on the very first ball of the second test between India and Australia in Adelaide Oval. Jaiswal missed the flick on the first ball and was caught LBW in front of stumps. This comes after the last match exchange of words between the two. In the first test match in Perth Jaiswal had sledged Starc saying that «You're bowling too slow.». India secured a commanding victory in the first Test against Australia at the Optus Stadium in Perth, defeating the hosts by a record 295 runs. Yashasvi Jaiswal's stellar 161 in the second innings, the highest score by an Indian opener on Australian soil, was a key highlight. However, an unusual exchange between Jaiswal and Mitchell Starc on Day 2 also caught attention.

“Pushpa flower nahi… fire hai.” Truer words have never been spoken! ‘Pushpa 2’ has set the box-office on fire from the moment it hit the theatres. The much-anticipated Allu Arjun film has set several new benchmarks of box-office success. Here are some ways the Sukumar directorial has etched box-office history.

buy call on Indian Renewable Energy Development Agency (IREDA) with a target price of Rs 265. The current market price of IREDA is Rs 222.75. Indian Renewable Energy Development Agency, incorporated in 1987, is a Small Cap company with a market cap of Rs 60044.66 crore, operating in Term Lending Institutions sector. IREDA's key Products/Revenue Segments include Interest, Other Operating Revenue, Fees & Commission Income and Income From Sale Of Share & Securities for the year ending 31-Mar-2023.

Debt-laden telecom company Vodafone Idea is in the spotlight after announcing that its board will consider a proposal to raise Rs 2,000 crore from Vodafone Group entities. This comes as Vodafone Group plans to sell a 3% stake in Indus Towers to clear its USD 101 million (approximately Rs 856 crore) debt and channel the remaining proceeds toward its Indian venture, Vodafone Idea. "… a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 9 December 2024, inter-alia, to consider proposal for raising of funds not exceeding Rs 2,000 crore, by way of issuance of equity shares and / or convertible securities on a preferential basis to one or more entities belonging to Vodafone Group," the company said in a filing.

Foreign institutional investors (FIIs), who started fleeing India after Nifty hit record high in September-end, are now on a course correction path. After selling Indian stocks worth Rs 116,437 crore in the one-and-a-half month period beginning October, FIIs ended up being buyers to the tune of Rs 809 crore last fortnight. December month saw acceleration in the pace of buying as FIIs have pumped in around Rs 23,500 crore so far in the month.

clean technology funding in recent months, as efforts to boost domestic green manufacturing help attract investors. Deals worth about $2.4 billion were completed in the third quarter, more than four times the value of those in China and the second-highest total globally behind the US, data compiled by BloombergNEF show. The momentum is being driven by India’s push to build out local clean energy capacity to limit reliance on China, and the prospects of becoming an exporter of the technologies, said Raj Pai, founding partner of GEF Capital Partners, a climate-focused private equity fund.

Indian market is likely to consolidate on Friday tracking mixed global cues. The Nifty future closed positive with gains of 0.87% at 24,775 levels on Thursday.

Shantanu Naidu, widely known as Ratan Tata’s trusted associate, has introduced Jaipur to his silent reading initiative, «Bookies.» The community, designed for individuals to gather at public locations and read in silence, launched in Jaipur with an event planned for Sunday, December 8.

Sacnilk, the Sukumar directorial earned a staggering Rs 175 crore on day 1.

Mahaparinirvan Divas. The schools and banks in India's richest state will remain inoperable today i.e. Friday (December 6). But what is Mahaparinirvan Divas? Here's all you need to know about it:

Subscribe to enjoy similar stories. New Delhi and the National Capital Region (NCR) is beset by problems, with the unbearable amounts of atmospheric pollution being the most acute. But the crisis of livability that the city faces isn’t just confined to this.

Subscribe to enjoy similar stories. It’s a busy weekday evening in the corporate and dining hub of Lower Parel in Mumbai when I catch up with Rakshay Dhariwal at his bar, PCO, which feels like an oasis in the chaos of traffic snarls. Dressed in an indigo-blue collared T-shirt paired with charcoal-grey trousers, the pioneering food and beverage entrepreneur settles down with a glass of water after getting me a cup of coffee.

Subscribe to enjoy similar stories. Nifty 50, India's benchmark stock market index, sustained its positive momentum for the fifth consecutive session. On 5 December, Thursday, the index opened with a gap-up and formed a bullish candle on the charts.

RBI Monetary Policy Meeting LIVE: The Reserve Bank of India’s (RBI) is set to announce its fifth monetary policy of FY25 later today, December 6. The three-day policy review meeting of the six-member Monetary Policy Committee (MPC) led by RBI Governor Shaktikanta Das concludes today and the interest rate decision will be announced at 10:00 AM.

While Markets could start on a volatile note on Friday morning, analysts expect the uptrend to continue.

Aircraft Act, 1934 and provides for manufacture and maintenance in the aviation sector, remove redundancies and for ease of doing business. The Bharatiya Vayuyan Vidheyak, 2024, was passed after a reply to discussion by Civil Aviation Minister K Rammohan Naidu. Lok Sabha has already passed the bill. The minister answered queries of members on a range of issues including to rise in air ticket prices.