India Financial News

Rashtriya Swayamsevak Sangh (RSS) Chief Mohan Bhagwat on Sunday stated that India's declining population is a concerning issue, noting that according to modern population science, a society vanishes when its fertility rate falls below 2.1. He also underlined that the fertility rate should be above three or four for the society to survive. «The decline in population is a matter of concern. Modern population science says that when the fertility rate of a society goes below 2.1, that society vanishes from the earth. The society gets destroyed even without any crisis. In this way, many languages and societies have disappeared. The population should not fall below 2.1. Our country's population policy was decided in 1998 or 2002, and it also mentions that the population of a society should not be less than 2.1. We need more than two or three; this is what population science says. The number is important for the survival of society,» Bhagwat said, addressing the Kathale Kul Sammelan in Nagpur.

Chief Minister Mohan Yadav said on Saturday. Investment proposals of Rs 59,350 crore and Rs 18,090 crore were received from UK and Germany, respectively, in the education, health, skill development and technology sectors, Yadav told reporters here on his return from the tour. «During the UK visit, the focused areas of the delegation were minerals, semiconductor, health, automobile, EV, renewable energy, education and food processing. In Germany, we have specially focused on technology research, green energy and industrial development,» he said. In UK, the SRAM and MRAM group has given an investment proposal worth Rs 25,000 crore in semiconductors and science and technology Park, an official said. «Similarly, Helion Pharmaceuticals has given an investment proposal worth Rs 3,000 crore. After discussions with the company head, it was immediately decided to allocate land to the pharma major in Indore's Smart Industrial Park. Germany's Long House Partners has proposed investment of Rs 14,000 crore in the technology and innovation sector, while AMS OSRAM is keen to invest Rs 1500 crore in semiconductor/electronics sector,» the official said.

hotels are coming up in India's manufacturing hubs, driven by the growing needs of business travellers for quality accommodation. Hotel brands such as Marriott, Hyatt, Orchid, Regenta, Vivanta and Ginger are setting up properties in industrial belts such as Vithalapur, Talegaon, Chakan, Bhiwandi, Pithampur, Kalinganagar, Sanand and Hosur. While visiting executives used to stay in hotels in cities close to these industrial areas in the past, increasing manufacturing activities and traffic woes are making them seek accommodation close to their factories. At Vithalapur, a five-star property, the Courtyard by Marriott and Hyatt Place, is expected to become operational within the next 12 months, underscoring the demand for premium hospitality options in this fast-evolving industrial hub over a two-hour drive from the Ahmedabad city. In the automotive town of Talegaon on the outskirts of Pune, the recently opened 100-room Fern Residency has gained traction among business travellers. Pithampur in Madhya Pradesh has seen mid-market offerings like Click Hotel and Sayaji, riding on robust corporate demand from the manufacturing sector. Chakan in Pune district and Bhiwandi near Mumbai are also attracting attention, with Ginger Hotel developing 200-room properties in both locations. These developments reflect the broader trend of hospitality players expanding to locations with significant manufacturing activity.

Citing risk to the economic outlook and the likelihood of a rate cut by the Reserve Bank of India in February, they now predict gross domestic product (GDP) to grow 6.1-6.8% in the year ending March 31, lower than the central bank's forecast of 7.2%. GDP growth was the slowest in seven quarters at 5.4% in July-September, hurt by low consumption and weak investment demand. CareEdge Ratings lowered its FY25 GDP forecast to 6.5%, from 7%. «Urban consumption is seeing moderation after the sharp spurt, post-Covid,» said Rajani Sinha, its chief economist.

Subscribe to enjoy similar stories. The Union government plans to set up an agency on the lines of National Agriculture Cooperative Marketing Federation of India (NAFED) to regulate carbon trading, two people said. The new body will also be responsible for green initiatives such as green bonds.

Info Edge has filed a first information report (FIR) at Mumbai’s Bandra Police Station against Rahul Yadav and others in connection with a fraud involving funds from 4B Networks. In 2015, Yadav who cofounded real estate portal Housing.com was fired by the company’s board. «We would like to inform you that pursuant to a complaint filed by AIPL, an FIR has been registered by the Bandra Police Station (Mumbai Police) on November 29, 2024 against Rahul Yadav, Devesh Singh, Pratik Choudhary, Sanjay Saini (and unnamed others) in connection with 4B Networks, alleging inter alia commitment of certain fraudulent acts involving 4B Networks' funds,» the document read. In 2021-22, Info Edge invested Rs 295 crore in Housing.com founder Rahul Yadav’s new real estate startup, 4B Networks.

Indian badminton stars PV Sindhu and Lakshya Sen expressed happiness after securing singles titles at the Syed Modi India International badminton tournament in Lucknow on Sunday. Two-time Olympic medalist Sindhu ended her Badminton World Federation (BWF) World Tour drought of over two years by defeating China's Wu Luo Yu in the finals of the women's singles competition. Speaking to after her win, Sindhu said, «Really happy to have won the title».

Blueprint, Bryan Johnson, renowned for his anti-ageing pursuits, has sparked chatter on social media with his visit to India. Taking to X, Johnson shared plans to visit Mumbai and Bengaluru in December to promote his book and the ‘Don’t Die’ programme, which advocates living longer, healthier, and happier lives. In addition, Johnson is set to meet Zomato CEO Deepinder Goyal today, further adding to the buzz surrounding his visit.

Gulf Air flight, GF005, was unexpectedly diverted. The passengers have accused the airline of neglect, claiming they were left without food or assistance during the long wait. A video shared on social media shows frustrated passengers arguing with airport authorities.

Narendra Modi on Sunday expressed concern over the potential threats generated on account of digital frauds, cybercrimes and AI technology, particularly the potential of deepfake to disrupt social and familial relations. Addressing the concluding session of the 59th All India Conference of Director Generals/Inspector Generals of Police, the prime minister also called for the use of technology to reduce the workload of the police constabulary and suggested that the police station be made the focal point for resource allocation. Deliberations were held on emerging security concerns along the border with Bangladesh and Myanmar, trends in urban policing and strategies for countering malicious narratives, according to an official statement. In-depth discussions were held on existing and emerging challenges to national security, including counter-terrorism, leftwing extremism, cybercrime, economic security, immigration, coastal security and narco-trafficking.

Mumbai Indians camp knew it would be difficult to get Ishan Kishan back into the fold from the Indian Premier League mega auction due to his skill set, said captain Hardik Pandya here on Sunday. The India wicketkeeper-batter did not feature in MI's retention list as the five-time champions retained former skipper Rohit Sharma, incumbent leader Pandya, Suryakumar Yadav, Tilak Varma and Jasprit Bumrah. Kishan was snapped up by last season's finalists Sunrisers Hyderabad for Rs 11.25 crore as Mumbai Indians quit bidding on the player once it reached Rs 3.20 crore. Kishan had a base price of Rs 2 crore. «Ishan has been the freshness and the energy of the room,» Pandya said in a video shared by Mumbai Indians.

Foreign portfolio investors (FPIs) showed a sustained interest in the primary market in November 2024 while moderating the extent of selling in the secondary market compared with the previous month. According to the data from NSDL, they invested $2,098.4 million (Rs17,704 crore) in the Indian primary market through IPOs and QIBs. This followed the three-year high monthly investment of $2,361 million (Rs19.841.9 crore) in the previous month. In 2024 so far, FPIs have invested $12,373.9 million (Rs1,03,601 crore) through the primary route, far outpacing $5,242.1 million (Rs 43,347.1 crore) that they had pumped in the whole of 2023. Their higher engagement in the primary market owes to the rising activity in the IPO segment in the current year. As many as 79 mainboard IPOs have together raised nearly Rs 1.4 lakh crore so far in 2024, the highest in any year.

gold loans from banks grew more than 50% over the last one year, while all other major personal loan segments saw moderate increase amid tepid consumer demand, high inflation and tighter regulatory oversight on unsecured lending, according to latest data from Reserve Bank of India. «Consumption moderated with elevated borrowing costs and inflation eating into household budgets,» said Crisil's chief economist Dharmakirti Joshi. Growth in gold loans, or bank loans against gold jewellery--mostly taken at times of distress or during emergencies-- though make good business sense, may not reflect a happy situation from borrowers' perspective, a senior banker said.

Narendra Modi on Sunday called the police to to convert the challenge posed due to digital frauds, cyber crimes and Al into an opportunity by harnessing India's Al power of Artificial Intelligence and 'Aspirational India'. The comments came during the 59th All India Conference of Director Generals/ Inspector Generals of Police at Bhubaneswar on on Sunday. In his address, the prime minister expressed concern on the potential threats generated on account of digital frauds, cyber-crimes and Al technology, particularly the potential of deep fake to disrupt social and familial relations. Further, he expanded the mantra of SMART policing and called upon the police to become strategic, meticulous, adaptable, reliable and transparent.

Rohit Sharma expressed satisfaction with his team's performance, stating that they achieved their objectives as a unit. A four-wicket haul by pacer Harshit Rana, along with commanding knocks from Shubman Gill, Nitish Kumar Reddy, and Yashasvi Jaiswal, helped India secure a five-wicket win against Australia's Prime Ministers' XI at Canberra's Manuka Oval on Sunday. Speaking at the post-match presentation, Rohit also expressed gratitude towards the crowd for their support.

Jammu and Kashmir BJP leaders on Sunday demanded action against PDP president Mehbooba Mufti for her «anti-national» remarks comparing the situation in Bangladesh with India. They welcomed the recent termination of services of two government employees over alleged terror links by the Lieutenant Governor Manoj Sinha and said such actions should continue in the future to completely finish the terror ecosystem in the Union Territory. «Mehbooba's controversial statement comparing the situation in Bangladesh with India is completely wrong and condemnable. The world is aware of the worst kind of human rights violations in Bangladesh where the minority community is facing targeted attacks, women insulted and an elected prime minister forced to flee the country, besides the statues of its founder desecrated. »The J-K government should take a serious note of the anti-national statement of Mehbooba and her conspiracies. Action should be taken against her," former J-K BJP president Ravinder Raina told PTI on the sidelines of a party function here.

India were fast asleep, a drama unfolded at a sprawling conference hall of the Olympic stadium in Azerbaijan's capital Baku. Diplomats from nearly 200 countries, civil society representatives and journalists had gathered to witness a decision that could determine the fate of climate action in the Global South. But what transpired was far from routine — it was a moment of diplomatic brinkmanship that left many stunned and India's delegation fuming. As the president of this year's UN climate conference, Mukhtar Babayev, approached the centrepiece agenda item — the New Collective Quantified Goal (NCQG) on climate finance — India's Deputy Lead Negotiator Neelesh Sah rushed to COP29 Lead Negotiator Yalchin Rafiyev to convey that the country wants to make a statement before the adoption of the contentious decision. Around 2:30 am, without so much as a pause for objections or comments, Babayev hammered the gavel, declaring the USD 300 billion climate-finance package adopted. The move was so swift, it left delegates from many developing countries blinking in disbelief.

Subscribe to enjoy similar stories. New Delhi: The production-linked incentive (PLI) scheme—one of the ways in which this government was hoping to increase manufacturing in India—is going through a slowdown, with planned expansions to the programme being put on hold.

Radhika Merchant Ambani, the youngest daughter-in-law of the Ambani family, is often celebrated for her flawless fashion choices. Recently, she attended the Dua Lipa concert in Mumbai with her husband, Anant Ambani, and once again stole the spotlight with her unique style. Known for their extravagant, diamond-and-gold-adorned couture looks, the couple surprised everyone by embracing a «less is more» approach, stepping out in effortlessly chic, casual outfits instead.

Munni Saha was reportedly heckled by a mob, a video of which has gone viral on the Internet. She was later arrested in Dhaka’s Kawran Bazar area on Wednesday night after the confrontation with the mob. Police intervened after the crowd accused Saha of spreading misinformation and “working to make Bangladesh a part of India.” Saha maintained her innocence, stating, “This is also my country.” A video circulating online shows the tense encounter. The mob accused Saha of involvement in the 2009 Bangladesh Rifles mutiny and student deaths. “You are doing everything to make this country a part of India. The blood of students is on your hands,” one person shouted. Saha responded, “How have I harmed? This is also my country.”

Subscribe to enjoy similar stories. Mumbai-based Harsh Vardhan has never visited Goa, despite being a beach enthusiast. The 31-year-old is in no hurry to visit it anytime soon, as he has found his perfect escape in Da Nang, Vietnam.