India Financial News
05.12 / 06:33
markets
UPS
Booking
Airlines
cover
information
travelers
Flying in fog season? Here’s how to protect yourself from delays and cancellations.
If you’re planning to fly to or within north India in the next month or two, you should be prepared for fog-related delays and cancellations. After all, flight disruptions due to adverse weather affected about four lakh passengers last December.
05.12 / 06:29
Art
Cooper
Pool
show
voice
blues
Features
‘Fragility and Resilience’: Ayesha Sultana's first comprehensive solo in the GCC
Subscribe to enjoy similar stories. The pauses that Ayesha Sultana takes during a conversation are just as significant as the works she creates. These brief silences offer opportune moments for the viewer or listener to understand the workings of the artist’s mind, and to soak in the conceptual subtlety of the abstract works that she creates.
05.12 / 04:45
McGrath
Updates
Australia Women vs India Women Live Score: India Women score after 5 overs is 17/1
Venue : Allan Border Field, Brisbane Australia Women squad - Georgia Voll, Phoebe Litchfield, Annabel Sutherland, Ash Gardner, Ellyse Perry, Kim Garth, Tahlia McGrath, Beth Mooney, Alana King, Darcie Brown, Georgia Wareham, Megan Schutt, Sophie Molineux India Women squad - Harleen Deol, Harmanpreet Kaur, Jemimah Rodrigues, Priya Punia, Smriti Mandhana, Tejal Hasabnis, Deepti Sharma, Minnu Mani, Richa Ghosh, Uma Chetry, Arundhati Reddy, Priya Mishra, Radha Yadav, Renuka Singh Thakur, Saima Thakor, Titas Sadhu Australia Women vs India Women Live Score: India Women Priya Punia 3 (14) Harleen Deol 3 (6) Australia Women Megan Schutt 1/13 (3) Australia Women vs India Women Live Score: India Women Priya Punia 1 (10) Harleen Deol 2 (4) Australia Women Kim Garth 0/2 (2) Australia Women vs India Women Live Score: India Women Harleen Deol 0 (1) Priya Punia 1 (7) Australia Women Megan Schutt 1/9 (2) Australia Women vs India Women Live Score: OUT! c Beth Mooney b Megan Schutt. Australia Women vs India Women Live Score: FOUR! Another boundary to Smriti.
05.12 / 03:13
markets
COST
Pool
Enterprise
country
reports
Banking reforms need to get a lot more ambitious for the economy’s sake
Subscribe to enjoy similar stories. The 19 amendments to banking laws that were passed by the Lok Sabha on Tuesday remove various niggles in extant provisions, straighten out some others and make life easier for bank customers, especially a tweak that allows four nominees per account. Under the present system of a single nominee, couples tend to nominate each other; should they both pass away together, say, in a road accident, their heirs would have a tough time accessing their inheritance.
05.12 / 02:25
wellness
film
performer
track
audience
reports
‘Pushpa 2’s box-office reign begins! Allu Arjun’s film makes a strong start, crossing Rs 16 crore on day 1
Pushpa 2' has performed phenomenally well on its opening day. As per a report by the box-office tracking portalSacnilk.com, the gangster drama has crossed Rs 16 crore (and counting!) so far across all languages.
05.12 / 02:25
markets
security
Strategy
Research
Trade
Indus
Commentary
Vi, Indus Towers shares in focus after co releases 3% pledge of Vodafone stake
Vodafone Idea and Indus Towers will be in focus on Thursday after Indus Towers announced that it released a 3% pledge of shares by Vodafone Promoters to secure the payment obligation of Vodafone Idea. Earlier, the UK-based telecom operator Vodafone PLC announced to sell its remaining 3% stake in Indus Towers to repay debt in Vodafone Idea (Vi).
05.12 / 02:25
markets
Software
DISH
show
social
Videos
Mirchi ka Halwa goes viral on social media as netizens discover the unconventional Indian dessert
Mirchi ka halwa," has gone viral on social media, sparking mixed reactions from the users. The video, shared by Instagram user @bala.dagar__malik.7127, shows the dessert being prepared and served. The video features a woman expressing her surprise at the unusual dish. «I've had plenty of sweets, but this is the first time I've heard of Mirchi ka halwa,» she says.
05.12 / 01:49
UPS
Maxim
economy
social
Mint Quick Edit: Heed the words of India’s top revenue official
Subscribe to enjoy similar stories. With social and development spending rising steadily, government finances have been under pressure. This seems to have put overzealous revenue authorities on a constant lookout for how to squeeze more money out of tax assessees.
05.12 / 01:49
Booking
CEO
Gap
security
Pride
stage
Interviews
A small private bank, a new CEO and plans to stay conservative
Subscribe to enjoy similar stories. Mumbai: DCB Bank, one of India’s smallest private sector lenders, wants to play it safe. It is keeping a distance from unsecured loans, and banking on small businesses and individuals to improve its fledgling deposit ratios.
05.12 / 01:49
markets
COST
Manufacturing
economy
consequences
information
reports
Wedding season blues: Garment makers caution against GST rate hike
Subscribe to enjoy similar stories. New Delhi: An increase in the goods and services tax (GST) rate on certain readymade garments, currently being discussed by a ministerial panel, could be a dampener for the ongoing wedding season, textile manufacturers said. According to estimates from the Clothing Manufacturers Association of India (CMAI), bridal wear accounts for 10-12% of the total clothing market, underscoring its significance.
05.12 / 01:49
markets
COST
Election
Experts
Cycling
reports
Banking revival in 2025: Why strong liability franchises stand to gain
Subscribe to enjoy similar stories. Indian bank stocks are waiting for their moment in the sun. After a muted performance in 2024, these stocks are positioning for a potential rebound as monetary and fiscal policy easing is expected in the second half of the fiscal year (H2FY25).
05.12 / 01:13
Manufacturing
Strategy
Apple
Research
DELL
electronic
Tata Electronics takes a page from Foxconn’s book to go beyond Apple
Tata Electronics is looking to expand beyond beingjust an Apple supplier and is in talks with companies like Microsoft, Dell, HP and several other large companies to onboard them as clients. The homegrown electronics manufacturing services (EMS) player is doing this in a bid to not only diversify but also be India's Foxconn — following a model that is much like the Taiwanese contract manufacturing giant Foxconn, experts said. While the company «has its hands full» currently with work for Apple iPhones, sources said that this is part of the company's strategy that it is keen to set in motion rapidly.
05.12 / 01:13
markets
COST
UPS
Digital
Platform
Strategy
reports
Digital lending sector sees slowdown in growth, higher bad loans as regulator increases scrutiny
The Reserve Bank of India has given a clear indication that it does not want unsecured lenders to grow faster than 20%, according to three startup founders in the sector, who said a slowdown in new disbursals could result in an increase in bad loans. “While officially the RBI has taken a cautious stance, through backchannel conversations the industry has been asked to stay within the 20% growth limit and also keep the total cost of borrowing for the customers at moderate levels,” the founder of a digital lending startup said on the condition of anonymity.
05.12 / 01:13
markets
Provident
Analysis
Food
Research
Trade
reports
RBI may go for 100 bps rate cut from December: Nomura
The investment bank has also scaled down the GDP forecast for FY25 to 6%, below the consensus of 6.9% for the fiscal year and the Reserve Bank of India's forecast of 7.2% made in its October policy review.
05.12 / 01:13
markets
Action
security
Strategy
Analysis
Research
Trade
Pre-market action: Here's the trade setup for today's session
«We expect the consolidation to continue in the next session, though the overall sentiment should stay positive. Traders are advised to focus on a stock-specific approach and use these intermediate pauses to accumulate quality stocks,» said Ajit Mishra – SVP, Research, Religare Broking.
05.12 / 01:13
markets
Digital
Strategy
Software
Sustainability
Experts
Videos
MFs help keep NBFC counters open as banks turn cautious
Mutual funds, which continue to benefit from India's increasing financialisation of savings, appear to have stepped in to fill the financing void created by circumspect banks that have slowed fund flows to non-bank lenders following regulatory scrutiny on such exposure. Their support to non-banking financial companies (NBFCs) climbed 47% in October, albeit on a much smaller base. That compares with a growth of 6% in bank lending to NBFCs, although on a much larger base, but nevertheless reflecting the impact of regulatory caution on bank exposure to this segment. To be sure, banks remain the biggest financing source for NBFCs, but the share of alternative market-driven instruments in the total funding pie will increase. «While banks will remain the dominant funding source for NBFCs, the bond market will gain market share over the near to medium term,» said Malvika Bhotika, director at Crisil Ratings. «We believe the bond market will become more attractive over the next few quarters given the expectation of a repo rate cut.»
05.12 / 00:07
Aviat
Boeing
Nov
Justice
reports
Courts
Austrian court rules that Ukrainian businessman Firtash can't be extradited to the US
An Austrian court has ruled that Ukrainian businessman Dymitro Firtash can’t be extradited to the U.S. in a long-running legal saga that centers on a corruption case related to an alleged plan to pay bribes in India
04.12 / 20:15
04.12 / 19:25
markets
FIVE
Digital
Manufacturing
Strategy
Experts
PAM
Nuclear attack submarine programme will lift defence ecosystem, says Navy chief
Indian Navy a unique operational capability, but also lift the defence manufacturing ecosystem, with a breakthrough moment expected for the 'Make in India' initiative within the next five years, Navy chief Admiral Dinesh K Tripathi said. In an interview with ET on the occasion of Navy Day, which was celebrated in Odisha for the first time on Wednesday with an operational demonstration, he said indigenous nuclear attack submarines (SSNs) will add a significant new capability, with the first of the new boats expected to join service by 2036. Adm Tripathi said the plan for the project (estimated to cost ₹35,000 crore for the first two boats) is likely to be in line with the construction of India's nuclear missile submarines (SSBNs) in which the Navy had the lead on design and took assistance of the defence industry in manufacturing.
04.12 / 19:25
Aware
Strategy
Software
PepsiCo
President
Experts
social
MHA grants FCRA licence to CNI and USIN foundation
USIN Foundation, a think tank, and The Synodical Board of Social Services of The Church of North India (CNI) among others. While USIN was issued FCRA licence early this month, CNI's application was approved a few months earlier, said officials aware of the matter. US India Strategic Partnership Forum-backed USIN Foundation has Ajay Banga, president, World Bank, and Indra Nooyi, former chairman, Pepsico, as its founding members. The FCRA licence has been granted for five years to each of the NGOs. USIN Foundation has been granted licences for economic activities whereas CNI can carry out activities under six different heads such as religious, cultural, economic, educational and social, added officials. An email query sent to USIN Foundation and CNI Trust remained unanswered till press time.
04.12 / 19:25
markets
CEO
Strategy
Software
awards
President
Experts
Ex-Ford India head may steer JSW MG Motor operations
Anurag Mehrotra, ex-managing director and president at Ford India, is set to join JSW MG Motor India as its MD, replacing Rajiv Chaba, CEO Emeritus, who is superannuating on 31 March 2025, said people aware of the movement. Mehrotra who till recently was serving as vice president, international business, and strategy at Tata Motors Commercial Vehicle, is likely to join JSW MG early next month. ET had reported in its 26 November edition that MG JSW has been on a look out for a senior resource who can replace Chaba.
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