India Financial News

The stock markets have been volatile, with benchmark indices down as much as 10% from their recent highs. The correction comes amid a record selloff by foreign investors, downgrades to corporate earnings, and slower economic growth.

The NFO period begins from 26th November to 10th December, 2024. With a focus on disciplined allocation across large-cap, mid-cap, and small-cap segments, the fund leverages structural tailwinds such as improved access to talent, capital, and markets, alongside trends like export growth, premium consumption, and financialization. Balancing diversification with a robust stock selection process, Tiwari highlights the fund’s commitment to being a true-to-strategy multicap offering, designed to create sustainable wealth for investors. Edited Excerpts -

bail petition of Hindu monk Chinmoy Krishna Das, arrested on a sedition charge, as no lawyer appeared on his behalf. Swatantra Gauranga Das, an associate of the monk at his Sammilita Sanatani Jagaran Jote, claimed that no lawyer represented the Hindu leader due to threats from a «politically motivated lawyers' group». The bail hearing at the Chattogram court has now been postponed to January 2. Das' arrest on November 25 had triggered demonstrations by supporters of the monk, who was previously with the International Society for Krishna Consciousness (ISKCON). In Chattogram, an assistant government prosecutor, Saiful Islam Alif, was killed in a protest after the monk was denied bail.

eDaakhil portal', a speedy and hassle-free mechanism for filing consumer complaints in all states and union territories.

The issues were taken up at a meeting between Commerce and Industry Minister Piyush Goyal and Steel and Heavy Industries Minister H D Kumaraswamy. Officials said the steel ministry proposed a 25% safeguard duty on certain steel imports to check the influx of steel without payment of any customs duty or at low duty from the Asean nations under an existing Free Trade Agreement (FTA) with India amid Chinese companies setting up large steel manufacturing capacities in the region.

Tata Consultancy Services (TCS), India’s largest software service provider, expanded partnership with Bank of Bhutan, the largest commercial bank of Bhutan, to modernise the bank’s digital core for enhanced customer service, the company informed the stock exchanges. The financial and other details of the deal were not disclosed. TCS said in a statement that it will implement its banking software platform TCS BaNCS to help the bank optimise operations and integrate with the various public services within the digital ecosystem of the country.

Defence Acquisition Council (DAC), under the chairmanship Defence Minister Rajnath Singh, accorded Acceptance of Necessity (AoN) for five capital acquisition proposals worth over Rs 21,772 crore on Tuesday. This included the procurement of Water Jet Fast Attack Crafts, Fast Interceptor Craft, Electronic Warfare Suite, Next Generation Radar Warning Receiver and Advanced Light Helicopters. DAC granted the approval for the procurement of 31 New Water Jet Fast Attack Crafts (NWJFACs) for the Indian Navy. These are designed to perform the task of low intensity maritime operations, surveillance, patrol, and search and rescue (SAR) operations close to the coast. In addition, these vessels will also play a role in anti-piracy missions, in and around India's island territories.

capital on Tuesday, according to the All India Sarafa Association. The yellow metal of 99.9 per cent purity on Monday settled at Rs 79,200 per 10 grams. However, silver prices surged Rs 2,400 to Rs 92,400 per kg against the previous close of Rs 90,000 per kg. The bullish sentiment in the silver market is primarily driven by industrial demand, traders said.

The NSE Nifty index ended the session 181.11 points up at 24457.15, while BSE Sensex 597.67 points to 80845.75.

Nifty 50 index has risen over 1% in the last two trading sessions, with brokerage firm Axis Securities projecting the index to hit 26,100 by December 2025, marking an 8% upside from the current levels. The brokerage said it continues to believe in India’s long-term growth story, “driven by the country’s favourable structure, thanks to the increasing capex which is enabling banks to improve credit growth. This will ensure that Indian equities will easily manage to deliver double-digit returns in the next 2-3 years, supported by double-digit earnings growth.”

India on Tuesday said that adequate financing holds the key to achieving the objectives of the United Nations Convention to Combat Desertification (UNCCD). During a ministerial dialogue on finance at the 16th UN conference to combat desertification in Riyadh, Saudi Arabia, Union Environment Minister Bhupender Yadav also shared that India has already restored 22.5 million hectares of degraded land against the target of 26 million hectares by 2030. The minister said adequate financing holds the «key to achieving the objectives of the UNCCD» and that the World Drought Atlas released on Monday could serve as a guide for increasing mobilization of financial resources. Yadav also highlighted government initiatives like the Green Credit Programme, which involves identifying and restoring degraded land with financial support from industries.

Torrent Power Ltd.(up 6.49%), KPI Green Energy Ltd.(up 5.01%), Ravindra Energy Ltd.(up 5.00%), Indowind Energy Ltd.(up 4.99%), Indo Tech Transformers Ltd.(up 4.87%), GE Vernova T&D India Ltd.(up 4.66%), Jyoti Structures Ltd.(up 4.35%), Inox Wind Energy Ltd.(up 3.88%), CESC Ltd.(up 3.85%) and KEC International Ltd.(up 3.30%) stood among the top gainers.

Subscribe to enjoy similar stories. The president-elect of the US, Donald Trump, has threatened the Brics nations with 100% tariffs should they create their separate currency or back any other currency in their attempt to move away from the dollar.

Subscribe to enjoy similar stories. If you don’t have a finance background, it can be difficult to invest on your own. Most retail investors take the help of a knowledgeable friend or turn to YouTube to understand the basics of investing.

HMD Fusion in India. It competes directly with Samsung's mid-range offering, the Samsung Galaxy A16. Both of these phones are available for under ₹20,000, and are similar in many aspects, so a comparison seems mandatory.

Subscribe to enjoy similar stories. At what price will the risk-reward equation in Asian Paints favour the investor? In other words, when will the probability of making money from the stock surpass the risk of losing money? Has that moment finally arrived, or is there more pain to come? Let us try and answer all these questions and more over the next few minutes. But first, a quick recap.

iQOO 13 vs iQOO 12: Vivo’s sub-brand iQOO finally launched its first Snapdragon 8 Elite-powered smartphone, the iQOO 13 in India with some new eye-catching features. The new generation flagship smartphone comes with several upgrades over last year’s iQOO 12, which may attract buyers to get the iQOO 13. This year, the company has made some significant changes in the design, camera, performance and others, that outshine the predecessor in several ways.

Subscribe to enjoy similar stories. After the recent GDP shocker, speculation is rife regarding a “policy action" in the December monetary policy meeting. However, the global backdrop is not supportive.

Subscribe to enjoy similar stories. The Indian economy is in the midst of a cyclical slowdown. The government statistics office reported last week that economic growth had declined for a third quarter in a row.