India Financial News

30.11 / 15:27
markets Digital students Universities PAM social 2020 Assam Governor says NEP will enable next generation to compete in new digital age
National Education Policy 2020 focuses on key reforms in higher education that will enable the next generation to compete in the new digital age and comprehensively outlines the vision of India's new education system, which also inspires the promotion of ancient high ideals. Acharya said that a centre of higher learning should not only be a centre of academic excellence and technical knowledge, but also a place for personality building and promotion of moral values. A university’s objective should encompass giving knowledge of the subject and making a student responsible and sensitive citizen. Addressing the students at the convocation of Royal Global University here this evening, the Governor asked the Royal Global University to develop a model of inclusive education which have the element of compassion for all living beings and take a leading role in educating all students, especially those belonging to unprivileged section of the society.
30.11 / 15:27
markets Progressive Align Sustainability Research social innovations Assam: Himanta Biswa Sarma proposes establishing bio-foundries, bio-manufacturing hubs
Assam chief minister Himanta Biswa Sarma proposed a series of initiatives aimed at capitalizing on Assam’s strategic location in alignment with India’s Act East Policy. These initiatives include establishing bio-foundries and bio-manufacturing hubs to enhance local industries and stimulate innovation, particularly within the bio-resources sector. Sarma participated in the India International Science Festival (IISF) 2024 at IIT Guwahati.Sarma emphasized the IISF as a testament to India's steadfast commitment to innovation, excellence, and the crucial role that science and technology play in driving national development and prosperity. He noted that this event embodies the vision of Prime Minister Narendra Modi, whose leadership has been instrumental in the development of the Northeast, particularly through the transformative influence of scientific progress. He contended that in our contemporary landscape, a nation's progress is intricately linked to the harmonious integration of technology, resources, and capital, highlighting technology as the primary catalyst for transformation. Such advancements, he posited, are crucial for achieving social equity, reducing poverty, and improving living standards. He noted that from agriculture to healthcare, environmental science, energy production, and communication, science acts as the engine of innovation, significantly enhancing human existence and paving the way for a sustainable future.
30.11 / 15:27
markets Digital Action security awards PAM social Every attack makes us stronger: Adani on alleged $265 million bribery charges by US
Gautam Adani responded by saying that this is not the first time the company has faced such challeneges and every attack made us stronger. «We had our successes, our challenges were even bigger. These challenges have not broken us. They made us tougher. We will rise stronger, said Adani while addressing the 51st Gem & Jewellery Awards, Jaipur. „Less than 2 weeks back, we faced allegations from the US. This is not the first time we faced such challenges. What I can tell you is that every attack makes us stronger,“ said Adani. U.S. authorities accused Adani, 62, his nephew and executive director Sagar Adani and managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes of $265 million to secure Indian solar power supply contracts, and misleading U.S. investors during fund raises there.
30.11 / 13:33
Fighting Strategy Election RAI country They are afraid to even discuss certain issues: Priyanka Gandhi slams BJP
Congress MP Priyanka Gandhi Vadra on Saturday alleged that Parliament has witnessed disruptions over the past week because the BJP is afraid to discuss certain issues with opposition parties. Priyanka Gandhi asserted that the Congress is fighting to uphold the Constitution. Addressing a public meeting at Karulai in Nilambur taluk of Malappuram district, Priyanka Gandhi said, «Across India, we are fighting for our Constitution and the values on which our country was built. We are fighting against the BJP, which has no rules, no respect for democracy, and no regard for the Constitution… We have been asking them to discuss some issues with us in Parliament… Parliament has not functioned for the past week because they are afraid to even discuss certain issues.»
30.11 / 13:33
security Strategy economy RAI country inclusion Chikkaballapur MP Sudhakar urges Centre to expand PM Fasal Bima & Kisan Yojana with more farming activities
Dr K Sudhakar has urged the Union Government to expand the scope of PM Fasal Bima Yojana and PM-Kisan Yojana by bringing additional agricultural activities within their purview. Chikkaballapur constituency near Bengaluru is home to a range of farming activities including sericulture, livestock, dairying and aquaculture. The two flagship insurance schemes have had a profound impact on the lives of Indian farmers, the BJP MP said participating in a discussion in the Lok Sabha on Friday.
30.11 / 13:33
markets Digital Action Strategy Death Experts Courts Petitioner in Ajmer dargah lawsuit claims he received death threats
Hindu Sena chief Vishnu Gupta, who filed a civil lawsuit claiming that the dargah of Sufi Saint Moinuddin Chishti in Ajmer was built over a Shiva temple, on Saturday lodged a police complaint alleging that he has received death threats for filing the petition. Gupta said he filed the complaint at the Barakhamba Road police station in Delhi after he received two threatening calls — one from an Indian number and another from Canada. «The caller from Canada threatened to behead me for filing the petition in the Ajmer court. He threatened that I have made a big mistake by filing the petition regarding Ajmer Dargah,» he said. Police said that they were looking into Gupta's complaint.
30.11 / 13:33
markets Citi Digital Strategy BAY travelers Department Tamil Nadu: Heavy rain lashes parts of Kanchipuram city
Cyclone Fengal approaches the coastal districts of Tamil Nadu, heavy rain lashed in several regions of Kanchipuram city on Saturday. According to the Indian Meteorological Department (IMD), Cyclone Fengal is expected to make landfall close to Puducherry, along the Tamil Nadu coast later today. In view of cyclone, Multiple airlines have issued travel advisories and updates on their flight plans.
30.11 / 13:05
COST UPS Art Compilation Food DISH When AI blends into the restaurant world
Subscribe to enjoy similar stories. A cook-off between artificial intelligence (AI) and a two-Michelin-starred Valencian chef drew the biggest crowd at last month’s San Sebastian Gastronomika culinary event in Spain. The auditorium packed up to the point that many attendees had to stand in the aisles and passageways.
30.11 / 12:35
awards WhatsApp country voice Life insurance employees' body demands withdrawal of GST on premiums
GST on insurance premiums and no further hike in foreign direct investment in the sector. Addressing a conference of the All India Life Insurance Employees' Federation (AINLIEF), general secretary V Narasimhan said it will be approaching MPs from all political parties to voice support for the demands. The All India Triennial General Conference here is being attended by delegates from across the country. The federation's demands also include withdrawal of the new labour codes and introduction of the old pension scheme for employees recruited in LIC after 2010.
30.11 / 12:35
markets UPS FIVE Action film Trade Strategic action plan to strengthen ties between India and Italy: Urso
strategic action plan to strengthen ties between India and Italy, unveiled by Prime Minister Narendra Modi and his Italian counterpart Giorgia Meloni will lead to improved ties between the two nations, a senior Italian minister said on Saturday. Adolfo Urso, Minister of Business and Made in Italy, was speaking in Mumbai at the Villaggio Italia exposition, being held to coincide with the port of call of Amerigo Vespucci, a 93-year-old Italian Navy ship used for training and supporting national diplomacy. The plan, announced at the G20 summit, focuses on 10 key areas including defense, trade, clean energy, and connectivity, aiming to deepen collaboration and boost economic ties.
30.11 / 12:35
markets Booking Airlines band social musician Not everyone can afford extra seat: Artistes voice concern over Air India baggage rule
musical instruments as cabin luggage has Indian artistes concerned who flagged the larger issue of baggage mishandling that allegedly ails all airlines across the board. Days after Zubin Balaporia, keyboardist of Indus Creed band, took to Facebook against Air India's «extremely discriminating policy». Other musicians have also shared their concerns about the way musical instruments are handled by airlines, resulting in damaged or lost luggage at times. «Earlier we were allowed to carry a guitar on board. Now they have stopped this and are asking musicians to pay for an extra seat for the guitar. This is ridiculous. Vistara used to allow guitars on board and IndiGo still does. Come on Air India — TATA Group. Why have such a mercenary attitude. Surely you help in promoting the arts. Have a heart and regain your soul,» Balaporia wrote on the social media platform. Meanwhile, a statement by Air India to PTI clarified that the airline has not changed its policies on carriage of items, including musical instruments inside the cabin conforming to the stipulated dimensions.
30.11 / 12:19
markets Citi Digital Waters BAY reports Department Chennai receives widespread rain ahead of cyclone Fengal's landfall
Chennai on Saturday witnessed gusty winds and rain, uprooting many trees and causing water logging in many parts of the city as the Cyclonic Storm Fengal is expected to cross the north Tamil Nadu-Puducherry coast this evening. Officials were seen clearing the uprooted trees from the roadsides. The India Meteorological Department (IMD) has reported that Cyclonic Storm Fengal is expected to cross the north Tamil Nadu-Puducherry coast between Karaikal and Mahabalipuram on Saturday evening, with wind speeds of 70-80 kmph, gusting to 90 kmph.
30.11 / 12:19
markets UPS Digital Strategy reports Department Cyclone Fengal: Tamil Nadu on alert, CM Stalin reviews precautionary measures amid heavy rains
Cyclone Fengal. Earlier in the day, Chief Minister MK Stalin assessed the preparedness and precautionary measures. The Chief Minister also visited the Chennai State Operation Center, accompanied by state ministers KN Nehru and KKSSR Ramachandran. The Chief Minister interacted with the District Collectors of Chennai, Kanchipuram, Tiruvallur, Chengalpattu, and other districts via video conferencing to assess the on-ground conditions. He assured that the state government is closely monitoring the situation and implementing necessary precautionary measures. Addressing the media, CM Stalin said that the Tamil Nadu government had been conducting continuous inspections and taking steps to mitigate the impact.
30.11 / 12:19
markets MET Digital Strategy Remark Celebrity Premature celebration: Jairam Ramesh slams Centre over delay in auction of lithium reserves in Jammu-Kashmir
Jairam Ramesh on Saturday criticised the Central government for delaying auctions of lithium reserves in Jammu and Kashmir, stating that companies were reluctant to bid due to insufficient exploration data. In a post on X, Jairam Ramesh noted that on February 13, 2023, the Modi government announced--amid much fanfare--the discovery of what it claimed to be one of the world's largest lithium reserves in J&K. «In November 2023, the first auctions were held, but the minimum requirement of three bids was not met, leading to the cancellation of the auction. A second round of auctions was announced in March 2024, but by July 2024, it was revealed that not a single bid had been received,» he said.
30.11 / 12:19
markets Digital Manufacturing Strategy awards track Track slab manufacturing factory opened near Surat to support India's first bullet train project
track slab manufacturing factory has been established near Surat to support India's first bullet train project, marking a major milestone in the country's high-speed rail infrastructure, an official release said on Saturday. The factory is designed to produce high-capacity ballastless track slabs using advanced Shinkansen technology, the release added. Located in Kim village the the project site ensures efficient logistics for the bullet train construction and timely delivery of track slabs.
30.11 / 10:29
markets UPS Target Action Trade Experts show Three stock recommendations from Rajesh Palviya for the coming week
We believe that Bata India can extend its game and 1480 is the target where we are focusing for the stock, says Rajesh Palviya of Axis Securities. Edited excerpts.
30.11 / 10:29
markets UPS Digital security awards reports Banks report 50.4% increase in gold loan demand amid financial distress
Gold Loans: Bank loans secured by gold jewelry have seen a dramatic 50.4% increase in the first seven months of this fiscal year, ending October 18, 2024. This surge contrasts sharply with other personal loan categories, which experienced single-digit growth, according to Reserve Bank of India (RBI) data. Total outstanding gold loans reached Rs 1,54,282 crore by October 18, up from Rs 1,02,562 crore in March 2024. This represents a 56% year-on-year increase, compared to 13% in October 2023. Bankers attribute this rise to multiple factors, including borrowers moving from non-banking financial companies (NBFCs) to banks and a preference for secured loans over unsecured options. Bank loans to NBFCs have decreased by 0.7% to Rs 1.5 lakh crore during the same period.
30.11 / 09:51
markets UPS Provident security Schools Nazara subsidiary Nodwin Gaming acquires Trinity Gaming for Rs 24 crore
Gaming and esports company Nodwin Gaming on Friday said it has acquired Trinity Gaming at a valuation of Rs 24 crore. Trinity Gaming serves as a Creator Service Provider (CSP) for Meta and gaming Multi-channel Network (MCN) for YouTube in India. It manages over 1,000 creators nationwide and has established partnerships with the likes of Samsung, Realme, iQOO, and Krafton. «The acquisition of 100 per cent of the share capital of Trinity will be a combination of secondary sale and stock swap of Nodwin Gaming shares for a total consideration of up to Rs 24 crore,» a company statement said. The consideration would be payable partly by way of cash consideration of up to Rs 4.8 crore and balance Rs 19.2 crore by way of swap of equity shares of Nodwin Gaming, it added.
30.11 / 09:51
markets COST Digital Sustainability Election show reports Central government capex to surge by 25 pc YoY in second half of FY25: Jefferies
The report also noted that the overall expenditure of the government is also expected to surge by 15 per cent. It highlights that despite an increase in populist schemes in the run-up to elections, the central government remains committed to investing in infrastructure development over welfare-driven measures. The report underlined that while populist policies have gained traction, especially in state elections, the central government's spending priorities show a balanced approach.
30.11 / 08:53
markets IPO Manufacturing Strategy Analysis Trade band IPO Calendar: 3 IPOs, 8 listings to keep primary market busy next week
Property Share Investment, Nisus Finance Services and Emerald Tyre Manufacturers. Apart from these new IPOs, the Street will see 8 listings including that of Suraksha Diagnostic, which is currently open for public subscription.
30.11 / 07:39
markets CEO Strategy awards Trade Experts Schools IVPA calls for lifting suspension on oil seeds commodity derivatives
Indian Vegetable Oil Producers Association (IVPA) feels that better price risk management and price discovery can come through revoking the suspension of the oil seeds commodity derivative contracts. Sudhakar Rao Desai, CEO of Emami Agrotech and president of IVPA said «The agri industry and agriculture commodities and ecosystem which comprises of various participants and stakeholders, who contribute substantially to India’s agri value chain and agri economy has suffered immensely due to the protracted and prolonged suspension of exchange-traded commodity derivatives. IVPA has been a strong proponent of supporting the cause of income improvisation and enhanced price risk management. „ “IVPA believes that better price risk management and price discovery can come through revoking the suspension of the oil seeds commodity derivative contracts. In light of the findings that the studies conducted by leading economic study institutions such as BIMTECH and SJM School of Management, IIT Bombay has clearly articulated – that futures trading not only aids the process of price discovery and sets pricing benchmarks for agri commodities across spot markets, eventually impacting the retail markets positively – but allows for better crop planning at the farmers end, ultimately benefiting the entire value chain,» he said.

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