India Financial News

Every year, the Reserve Bank of India announces holidays for banks in three categories: the Negotiable Instruments Act Holiday, Real Time Gross Settlement Holiday, and Banks' Closure of Accounts.

Life Insurance Corporation of India surged as much as 5.1% on Friday to Rs 987.50 on BSE after the state-run life insurer clarified media reports suggesting it was in talks to acquire a significant stake in ManipalCigna Health Insurance. The clarification reinforced LIC's ongoing commitment to expanding its business, particularly in the health insurance sector. The clarification also came amid a background of growing concerns in the insurance sector over potential regulatory changes in bancassurance, an area where LIC remains better positioned compared to its peers.

central transfers, according to a report by PRS Legislative Research. States have budgeted their combined revenue mop-up at 14.3% of gross state domestic product (GSDP) for 2024-25, compared with 13.3% in the last fiscal and 13.8% in the pre-Covid year of 2018-19, the report said. While the pandemic flared up in India in 2020-21, it did impact economic output towards the end of 2019-20, especially in the wake of a lockdown in late March in 2020, although the slowdown had set in before the Covid onslaught.

Dubai are causing concern, especially for those planning to stay with family. Travelers now need to provide their host's rental agreement, Emirates ID, residence visa copy, and contact details during the visa application process. These changes coincide with the start of the Dubai Shopping Festival (Dec 8-Jan 14), a popular event for Indian tourists. The new rules also require hotel booking documents and return ticket details for all Indian tourists. However, the added documentation for those staying with relatives is proving difficult.

«And of course, we have seen profitability in some of the big manufacturing companies come down, which is also going to weigh on growth, so on the whole domestic demand contribution to growth we think will be softer than expected,» says Sonal Varma, Nomura. This 6.5% figure for Q2 GDP, is it closer to your expectation as well? Sonal Varma: We think it will be closer to the lower end of that range. So, we are expecting Q2 at 6.3%. So, slightly below consensus expectations of 6.5% and also below RBI’s forecast of 7%. I mean, in particular, in our view, we are likely to see a bigger drop in private consumption. Even fixed investment where we saw government spending pick up, our view is the private side of investment, things like construction activity indicators have been quite soft. And of course, we have seen profitability in some of the big manufacturing companies come down, which is also going to weigh on growth, so on the whole domestic demand contribution to growth we think will be softer than expected.

OnePlus 13 vs OnePlus 12: The OnePlus 13 has already been launched in China and now the smartphone is expected to make its debut in India in January 2025. Over the past few weeks, several leaks surrounding the device have been making rounds on the internet, giving us a glimpse of what OnePlus may launch in India. However, for people looking for an upgrade, it is worth analyzing what upgrades and changes are coming to the OnePlus 13 in comparison to the OnePlus 12.

₹59,999 for the 12GB RAM/256GB storage variant while the 16GB RAM/512GB storage variant is priced at ₹65,999. However, as part of the launch offers, Realme is offering a ₹3,000, taking the effective price of the device to ₹56,999 and ₹62,999 respectively.

Subscribe to enjoy similar stories. Remember the Manhattan Project? That little undertaking that gave us the atomic bomb and changed the course of World War II? While Oppenheimer was busy getting the spotlight (and now a Christopher Nolan movie), hundreds of women scientists were quietly at work behind the scenes. These women worked as mathematicians, chemists and physicists on the project that ultimately led to the development of the atomic bomb.

Subscribe to enjoy similar stories. Colgate Palmolive (India) Ltd has had a good run in recent quarters and continues to make efforts to boost growth. At its analysts meeting on Wednesday, the management, among other things, highlighted an interesting development under its ‘oral health movement’ initiative.

Subscribe to enjoy similar stories. Once considered a safe haven in times of economic turmoil, India’s fast-moving consumer goods (FMCG) sector now finds itself at a crossroads, grappling with rising competition, shifting consumer preferences, and an inflationary squeeze that threatens its stronghold on household essentials. Investors have historically seen it as a defensive sector, a bastion of stability, even during a market correction when it historically holds firm.

Australia’s international student community. Financial Impact on Indian Students The 126% hike in visa fees comes at a time when global inflation and rising living costs are already making studying abroad more expensive. For Indian students, who number 118,109 in Australia as of 2024, the additional AUD 890 fee represents a significant financial burden, especially for middle-income families managing tuition, accommodation, and living expenses. The increase has drawn attention to the overall affordability of Australian education, which has been a preferred choice for Indian students due to its world-class universities and post-study work opportunities. However, recent trends, including declining student numbers (down from 126,487 in 2023), suggest that rising costs and other challenges are making Australia a less attractive destination.

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.

Orkla ASA is considering an initial public offering of its Indian business next year that could raise as much as $400 million, according to people familiar with the matter. Orkla may file for an IPO in Mumbai as soon as next quarter, the people said, asking not to be identified as the information isn’t public. The Oslo-based company is working with advisers on the potential share sale, the people said. It could seek a valuation of over $2 billion for the unit, one of the people said.

The announcement was made in a post on X by the Permanent Mission of India to the United Nations, which read: «India has been re-elected to the UN Peacebuilding Commission (PBC) for 2025-2026. As a founding member and major contributor to @UNPeacekeeping, India is committed to continuing its engagement with the PBC to work towards global peace and stability.» https://x.com/IndiaUNNewYork/status/1862166374790864988

GradRight, an AI-powered SaaS platform, brings together prospective students, universities, and lenders on a single platform to simplify higher education abroad through better access, affordability, and tech-enabled guidance. The platform claims to have processed over $3 billion in loan requests, helping more than 200,000 Indian students in two years. In an interaction with ET Online, Aman Singh, Co-founder of GradRight, described it as the world’s first Ed-FinTech and highlights how the platform has empowered thousands of deserving students from middle- and low-income families by connecting them with the right universities and lenders. He also discussed the FY '25 growth trajectory, market expansion plans, and expectations around Series B funding. Edited excerpts: ET: How has GradRight's growth journey been so far? Could you share your year-on-year (YoY) growth numbers? Aman Singh: GradRight’s growth journey over the past few years has been nothing short of transformative. Since 2021, we’ve witnessed exponential growth in the number of students we have been able to empower, the loans we have processed, and the funds sanctioned with our interventions.

market, there are multiple stocks that are still trading about 50-time earnings," says Ashish Gupta, CIO, Axis Mutual Fund. No doubt the markets have seen a very good recovery from the lows that it hit in the month of November, but one of the crucial questions now that will be on everyone's mind is that, is India value buy after the recent sell-off? Ashish Gupta: So, it is great that some of the froth in the market and in the valuations have come off in the month of October. However, I do not think in terms of multiple, the market has really come into a value zone yet. Of course, there are individual stocks that are now much more attractive, but on an aggregate basis, I do not think the market multiples have corrected as much.

Indian IT service providers’ stocks are poised for a further run-up after a recent rally, bucking the weak sentiment in other sectors as Donald Trump’s return generates expectations of a stronger dollar and greater tech outsourcing. A benchmark gauge of the industry, led by India’s IT export stalwarts like Infosys Ltd. and Tata Consultancy Services, has risen about 7% in November, outperforming other sectors in the country. It’s also outpacing competitors elsewhere in the region, with MSCI Asia Pacific Information Technology Index falling about 3% this month.

₹7,000. Here's a look at the top 5 things you need to know about the new smartphone from the homegrown smartphone maker.Also Read | Lava Agni 3 5G Review: Not your average mid-rangerLava Yuva 4 features a 6.5-inch HD+ display with a resolution of 1600 x 720 pixels and up to 90Hz refresh rate. It runs on Lava's own custom skin based on Android 14.

Subscribe to enjoy similar stories. New Delhi: The Union government plans to come up with mitigation action based on carbon capture and clean coal for industries that are among the biggest emitters of gases that cause global warming, Niti Aayog member V. K.

Indian Oil Corporation Ltd. traded at Rs 138.10 on BSE at 11:26AM (IST) on Friday, 0.21 per cent from previous close. The stock quoted a 52-week low price of Rs 104.20 and a high of Rs 196.80.

NCC shares jumped 5% to Rs 318 in Friday's trade on BSE after the company secured an order worth Rs 3,389.49 crore from Ken-Betwa Link Project Authority, Department of WR, RD & GR, Ministry of Jal Shakti, Government of India. “We are pleased to inform that, the Company has received Letter of Acceptance (LoA) dated November 28, 2024 from Ken-Betwa Link Project Authority regarding selection of the Company as the successful bidder for the EPC execution of Daudhan Dam under Ken-Betwa Link Project," said in an exchange filing.