India Financial News

Securities Exchange Board of India (SEBI) recently clarified that under exceptional circumstances, a stock broker can upload the same mobile number or email address for more than one client if the clients belong to the same family. A retail investor can use his number or email ID to operate his family members’ demat accounts under certain conditions. Family for this purpose would mean self, spouse, dependent children and dependent parents. SEBI said that this is possible only under certain circumstances and on the client's written request. This rule will come into force with immediate effect. According to a SEBI circular on December 3, 2024, “Master circular states the following regarding uploading of mobile number and e-mail by stock brokers: Stock Brokers shall ensure that separate mobile number/email address is uploaded for each client. However, under exceptional circumstances, the stock broker may, at the specific written request of a client, upload the same mobile number / email address for more than one client provided such clients belong to one family. Family for this purpose would mean self, spouse, dependent children and dependent parents.”

Sheetal Cool Products Ltd.(up 5.00%), Varun Beverages Ltd.(up 2.36%), Euro India Fresh Foods Ltd.(up 2.36%), Vadilal Industries Ltd.(up 2.15%), Heritage Foods Ltd.(up 2.07%), Gillette India Ltd.(up 2.05%), Nakoda Group Of Industries Ltd.(up 1.62%), LT Foods Ltd.(up 1.60%), Godrej Consumer Products Ltd.(up 1.33%) and Hindustan Unilever Ltd.(up 1.23%) stood among the top gainers.

Triveni Engineering & Industries Ltd.(up 9.61%), Simbhaoli Sugars Ltd.(up 1.34%), DCM Shriram Industries Ltd.(up 1.08%), Avadh Sugar & Energy Ltd.(up 0.66%), Kothari Sugars & Chemicals Ltd.(up 0.64%), Rajshree Sugars & Chemicals Ltd.(up 0.60%), Dhampur Sugar Mills Ltd.(up 0.45%), Dwarikesh Sugar Industries Ltd.(up 0.42%), Dalmia Bharat Sugar and Industries Ltd.(up 0.40%) and Sakthi Sugars Ltd.(up 0.21%) stood among the top gainers.

S Jaishankar on Thursday, reiterated India's support for a two-state solution in the long-standing Israel-Palestine conflict, while also asserting that issues of terrorism and hostage-taking cannot be underplayed or ignored. Speaking in the Rajya Sabha today, Jaishankar explained India's decision to abstain from voting in some of the resolutions regarding the Gaza conflict in the United Nations General Assembly. In response to TMC MP Saket Gokhale's question on India's stance on a two-state solution to Palestine, Jaishankar said, «We support the two-state solution and we have been public and unambiguous about that. So, there should be no cause for confusion regarding the two-state solution.»

Myntra, India’s largest online lifestyle and fashion retailer, has joined the quick-commerce bandwagon, launching a 30-minute delivery service called M-Now in Bengaluru that it plans to expand to cities like Mumbai, New Delhi and Pune in the coming months. Myntra is entering the segment with an extensive assortment — about 10,000 stock-keeping units (SKUs) to start with — compared with a limited number of lifestyle and fashion products like regular t-shirts and innerwear offered on quick-delivery platforms such as Blinkit, Zepto and Swiggy Instamart. It started a pilot project last month and the service is now live in some areas of Bengaluru. M-Now will deliver fashion and beauty products and accessories within 30 minutes using dark stores, or micro warehouses, run by third parties as well as retail stores of fashion brands, Myntra chief executive Nandita Sinha told ET.

real estate data analytic firm PropEquity, Jaipur saw the maximum 65 per cent rise in weighted average prices to Rs 6,979 per square feet in the housing projects launched during January-September this year. In the last calendar year, the average rates in Jaipur stood at Rs 4,240 per square feet. Samir Jasuja, Founder & CEO of PropEquity said, "Tier II cities have seen renewed interest from developers, corporates, financial institutions and investor community." The cheap availability of land in these cities followed by the massive development of connectivity infrastructure and strong demand has led to an increased supply of premium and luxury housing, he added.

Rajya Sabha on Thursday witnessed uproarious scenes in the morning when BJP MP Sudhanshu Trivedi alleged attacks by foreign forces on India's national interests and demanded a thorough probe besides asking all MPs to discuss the serious issue. Speaking on 'Concerns over Suspicious and Conspicuous Attacks on National Interest from Abroad' during Zero Hour, Trivedi cited instances during the past three years wherein issues concerning India were raised by international entities just before or during Parliament sessions. He cited examples of the Hindenburg report, Covid vaccine report and one on Indian farmers, a BBC documentary, Pegasus issue and a video on violence against women in Manipur during the past three years. He also cited the recent report on the indictment of an Indian business house by a US attorney just ahead of the Winter Session. «Ever since India is emerging as a strategic, economic and diplomatic power, it has been seen that in the last three years there have been attempts to attack India's established systems and interests on economic and social fronts through activities from abroad,» he said.

Keerthy Suresh, a popular name in South Indian cinema, is making her Bollywood debut with the film Baby John. Alongside this professional milestone, Keerthy recently made personal headlines by publicly revealing her relationship with her long-time boyfriend, Antony Thattil, a Dubai-based businessman. The couple has announced that they will marry on December 12th, with the wedding set to take place in Goa in a grand celebration. As news of her upcoming wedding spread, fans and celebrities alike flooded social media with their best wishes for the couple. Many followers took note of the date, pointing out that December 12th is also the birthday of Tamil cinema legend Rajinikanth, further adding significance to the occasion. This has further created a huge hype regarding her wedding.

Ericsson is working to introduce artificial intelligence agents in its telecom products and services, with the aim to make network operations autonomous. The company has established a global AI accelerator hub in North America, Sweden and India, where engineers are working to address gaps in its telecom products using AI, a top company executive told ET. “The initial struggle was to have the right kind of data, and mostly about proving that AI could add value. But over the last several years, we have moved past that and our focus has been on bringing AI into our products,” said Chandru Sargor who heads the Global AI Accelerator India team.

Shares of ICICI Bank Ltd.(up 1.56 per cent), Kotak Mahindra Bank Ltd.(up 1.01 per cent), State Bank of India(up 0.67 per cent), Axis Bank Ltd.(up 0.6 per cent) and Au Small Finance Bank Ltd.(up 0.36 per cent) ended the day as top gainers in the pack.

When asked the reason for India's abstention from a resolution in the UN General Assembly on October 27, 2023, regarding the protection of civilians and upholding legal and humanitarian obligations, Jaishankar said there were many resolutions in the UN General Assembly and in some India abstained and in some, it voted in favour. According to him, there are several reasons to abstain such as a resolution is not balanced, it is more divisive, it can set a precedence which has consequences for India or it has larger implications.

finished steel imports from China reached an all-time high during the first seven months of the current financial year from April, according to provisional government data reviewed by Reuters, rattling hundreds of small Indian steel producers. China, the world's biggest steel producer, shipped 1.7 million metric tons of finished steel to India during April-October, a 35.4% increase year-on-year, the data showed. This has exacerbated the deteriorating financial health of Indian steel producers struggling with cheap Chinese imports and falling domestic prices despite robust demand driven by rapid economic growth and rising infrastructure spending in the world's fastest growing major economy.

Subscribe to enjoy similar stories. The regional language film industry has been struggling to stay afloat, producing only a handful of hits such as Bohurupi (Bengali) and Baipan Bhari Deva (Marathi) even during the prolonged absence of Bollywood blockbusters. Experts said audiences in these markets, like Hindi movie viewers, have also become selective and few films have been able to meet their expectations.

Subscribe to enjoy similar stories. At the start of the year, Vipul Kumar started focussing on one particular race—the IAU (International Association of Ultrarunners) 100km World Championships that will be held in Bengaluru on 7 December. It’s a distance he’s been most comfortable running over the last few years, where he holds the national record time of 7 hours 4 minutes 52 seconds.

World Pickleball League (WPBL) has officially introduced Pune United, a new franchise team representing the city of Pune. The team’s ownership comprises Bollywood stars Riteish and Genelia Deshmukh, alongside corporate leaders Sudhir and Sunanda Mehta of EKA Mobility and Pinnacle Industries, and Ajeenkya D Y Patil and Pooja Patil of Ajeenkya DY Patil University. Riteish Deshmukh said, “Pickleball is the fastest-growing sport in the world. Its craze and popularity are unmatched amongst all ages. We are excited to be part of the World Pickleball League which will surely take pickleball to newer heights across India. Our endeavor at Pune United is to champion a team that will inspire players to give their best and couples, families, and communities to come together and embrace this wonderful game and lead healthier and fitter lives.” Genelia Deshmukh added, “Pune United is serving up a storm. We are excited to be part of the World Pickleball League. Pickleball has the power to unite, inspire, and transform. Our mission at Pune United is simple: to ignite a love for Pickleball that goes beyond the court. We're committed to fostering a culture of camaraderie, wellness, and fun that will enrich the lives of our players, families, and community.”

Pacer Megan Schutt was the pick of the Australian bowlers with a five-wicket haul for 19 runs. The home side chased down the target with 33.4 overs to spare, with opener Georgia Voll remaining not out on 46 off 42 balls, reaching 102 for 5 in 16.2 overs.

Publicis OOH India, a division of Publicis Groupe India, has developed FlexForward, a green initiative focused at recycling vinyl flexes used in the Out-of-Home (OOH) advertising market. In partnership with leading NGOs such as Goonj, FlexForward collects post-campaign flexes and repurposes them into eco-friendly utility products, including rain tarps, tote bags, and women’s utility pouches. These items are then distributed among marginalised communities, promoting sustainability while creating a positive social impact.

Bryan Johnson, an American entrepreneur renowned for his anti-ageing endeavours, is currently on a six-day trip to India. From meeting the Ambanis to Bollywood celebrities like Sonam Kapoor, Bryan has shared his numerous experiences- not to forget how he felt the severity of air pollution in Mumbai soon after he landed in the city for an event held in collaboration with Zomato CEO Deepinder Goyal. He attended an intimate gathering at Soho House, where he met Deepinder Goyal and comedian Tanmay Bhat, engaging with a crowd of 50 for a candid conversation. Known for his groundbreaking 'Blueprint project' aimed at reversing ageing, the US tech billionaire is making waves during his visit to India. Johnson has been travelling across time zones which can often lead to jet lags. But the US software engineer has devised a comprehensive strategy to combat it. ALSO READ: Tech millionaire Bryan Johnson's India visit sparks buzz. What’s his link to Poonam Pandey?

Uber India Systems for failing to provide a cab on time and for not addressing a customer's complaints. The panel identified this as a «deficiency in service» and ordered the company to compensate the complainant, a TOI report stated.

Havells India Ltd. 0.16 per cent to Rs 1730.65 at 12:27PM (IST) in Thursday's trade. The counter has hit a high of Rs 1748.75 and low of Rs 1715.00 so far during the session. The stock had closed at Rs 1733.50 in the previous session. The counter has had a total traded volume of 14280 shares so far with a value of Rs 2.47 crore on the NSE. It traded at a price-to-earnings multiple of 76.74 and a price-to-book ratio of 12.75.

Rohit Sharma might take a step back to lead from the front as India look for the perfect combination to drive home the advantage against a wounded but famously resilient Australia in the day-night Test starting here on Friday. The biggest predicament is the batting order, which will need to be shaken up a bit to accommodate Rohit, returning to the side from a brief paternity break, and a fit-again Shubman Gill. But the resourceful side would be happy to have that headache than being under-strength, which was the case when they last toured and beat all expectations to come out trumps. Playing Australia in Australia tends to bring the best out of the visiting Indian team which defied all expectations to boss the series-opener in Perth, handing Australia their first loss at the Optus stadium.