India Financial News

Royal Challengers Bangalore (RCB) announced their 22-player squad for the 2025 Indian Premier League (IPL) following this week's auction. However, the team's captaincy remains undecided. While there's no official announcement, speculation points towards Virat Kohli, RCB's former long-term captain, returning to the leadership role. Kohli stepped down after the 2021 season. Former RCB player AB de Villiers hinted at Kohli's potential return on his YouTube channel. “I don't think it has been confirmed yet, but he will be the captain, I think, looking at the squad,” de Villiers said. Other potential captaincy candidates within the squad include Bhuvneshwar Kumar and Krunal Pandya. Kumar has served as interim captain for Sunrisers Hyderabad, while Pandya captains Baroda in domestic cricket. Neither has led a full IPL season.

Subscribe to enjoy similar stories. The idea of ‘small government’ has long held totemic appeal on the American Right, especially after Ronald Reagan ran a charm offensive in the 1980s to reposition government as a problem rather than solution.

Subscribe to enjoy similar stories. Every Friday, Plain Facts publishes a compilation of data-based insights, with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Foreign investors have sold over ₹2 trillion worth of shares in this fiscal year so far.

Subscribe to enjoy similar stories. As part of the National Democratic Alliance (NDA) government’s objective of growing India’s civil aviation sector, the Airports Authority of India (AAI) has selected 150 small airports and airstrips to modernize and develop, to cater to the increasing air cargo and passenger traffic demand, said two people aware of the development.

Subscribe to enjoy similar stories. On Thursday, early-stage venture capital firm Stellaris Venture Partners launched its largest-ever investment vehicle—a $300 million fund. The fund was heavily oversubscribed, but the firm’s partners decided not to raise more than this.

Subscribe to enjoy similar stories. The Indian Institutes of Technology (IIT) are set to witness a scramble for talent beginning Sunday, as some of the world's top artificial intelligence and algo trading firms arrive to snap up their best and brightest. Some of the top offers this year are close to a couple of crores, placement cell executives said, as the older IITs get ready to kick off their annual placement season.

Subscribe to enjoy similar stories. Information technology services companies including LTIMindtree Ltd, Coforge Ltd, Sonata Software Ltd, and Happiest Minds Technologies Ltd do not traditionally provide full-year revenue guidance, but that has not stopped them from setting aspirational revenue goals. Analysts say such targets are aimed at investors.

It'll be Hindi-only House Broadcast: Sansad TV will only broadcast Rajya Sabha proceedings in Hindi now, with just the interpreter's voice relayed when a member speaks in English. Previously, speeches were televised as spoken.

Japan are exploring a mechanism for technology partnership that would enable the latter's cutting-edge firms to tap the Indian market and develop independent supply chain models. This was the key item on the agenda when foreign secretary Vikram Misri conducted the first round of dialogue on economic security, including strategic trade and technology, in Tokyo this week, according to people with knowledge of the matter.

Hindustan Aeronautics Limited (HAL), DK Sunil, is visiting Russia ahead of defence minister Rajnath Singh's Moscow visit from December 8-10. Sunil is in Russia reportedly for clinching a deal for licensed manufacturing of 240 AL-31FP aero engines for Su-30MKI fighter jets presently in service with the Indian Air Force. The twin-engine Su-30MKI are due for upgrade to enhance their operational lives. Recently, HAL secured a contract worth ₹26,000 crore (about $3.1 billion) for the supply of 240 AL-31FP engines for Su-30MKI fighter jets, which are integral to India's air force fleet.

Godrej Enterprises Group (GEG) will intensify its focus on exports to strengthen its global presence, while continuing to aggressively pursue growth in both consumer and industrial businesses within India, its chairman Jamshyd Godrej said in an exclusive interaction with ET on Thursday. «We would like to deepen whatever we do in appliances and furniture as well as in our industrial group… We do see a good amount of growth in export-both for our consumer-facing goods as well as our industrial group,» Godrej said. «We are actively expanding into new markets like automotive, warehousing, security and aerospace. Despite geopolitical challenges, we remain committed to sustained growth through diversification and geographic expansion,» he added. The group's exports have steadily increased to ₹139 crore in FY24 and are projected to grow at a compound annual growth rate (CAGR) of 20-25% till FY27, Godrej said. «Our strong international presence, primarily in the PED (process equipment division) business, drives this growth,» he said.

Flexible workspace provider Incuspaze is in discussions to raise a $25 million pre-IPO round as it prepares for a public listing next year. The company had recently secured $8 million (about '67 crore) in funding. «Incuspaze plans to acquire another 2 million sq ft by investing '100 crore by the end of December 2025. On the back of growing demand for flex spaces, Incuspaze is focusing on the development of new centres across Delhi-NCR, Pune, Bengaluru and Hyderabad,» said a person aware of the development.

Audi India expects to end 2024 with a decline in car sales mainly due to supply chain disruptions exacerbated by global geopolitical uncertainties, a senior company executive said. The Volkswagen Group company expects to score a sales revival next year backed by better availability of models, Balbir Singh Dhillon, head, Audi India told ET. Dhillon noted that the Indian luxury car market is expected to grow to record more than 50,000 units this calendar year. The Indian luxury car market has the presence of BMW, Mercedes-Benz and Jaguar Land Rover, among others.

Former chief minister of Jammu and Kashmir Mehbooba Mufti, said that despite a Supreme Court ruling that the status quo of the religious places should be maintained as it existed in 1947, his judgement has paved the way for surveys of these sites potentially leading to increased tension between Hindus and Muslims. “Thanks to a former Chief Justice of India a Pandora's box has been opened, sparking a contentious debate about minority religious places…The recent violence in Sambhal, Uttar Pradesh is the direct result of this judgment,” said Mufti. The People’s Democratic Party chief said that first mosques and now muslim shrines like Ajmer Sharif are being targeted. “This can result in further bloodshed. The question remains — who will take responsibility for perpetuating this communal violence reminiscent of the partition days?” she asked. The Places of Worship (Special Provisions) Act, 1991, maintains that barring Ayodhya, status quo as on August 15, 1947, will have to be maintained at religious structures across the country. However in 2023, the then CJI D Y Chandrachud had argued that the PW Act 1991 does not debar ascertainment of the religious character of a place of worship and thus allowed a survey at Gyanvapi Mosque, in Varanasi.

America, marking the beginning of Christmas shopping. Like Halloween and Thanksgiving, it's catching on in India, providing producers and retailers another calendar event to move the needle in lifestyle consumption. While nowhere close to Diwali sales, the bargain hunt phenom helps global brands to speed up premiumisation.

Dr Reddy's Laboratories on Wednesday announced the launch of toripalimab, an immune oncology drug to treat adults with a rare and aggressive form of head and neck cancer that originates in the nasopharynx, the upper part of the throat. Toripalimab, a new biological entity (NBE), is approved by various regulatory authorities around the world including the US Food and Drug Administration, European Medicines Agency and Medicines and Healthcare products Regulatory Agency for the treatment of adults with recurrent or metastatic nasopharyngeal carcinoma (RM-NPC). Last year, Dr Reddy's entered into a licence and commercialisation agreement with Shanghai Junshi Biosciences Co. for toripalimab. Under this agreement, it obtained exclusive rights to develop and commercialise the drug in 21 countries including India, South Africa, Brazil and various countries in South America. The agreement also allows Dr Reddy's to expand the scope of the licence to cover Australia, New Zealand and nine other countries.

In a written reply in Rajya Sabha on the question of Congress MP Neeraj Dangi, MoS Singh informed that the fee for international student visas was increased by the Government of Australia from AUD 710 to AUD 1600 with effect from July 1, 2024. He acknowledged that the steep increase is expected to create financial difficulties for Indian students aspiring to study in Australia.

AI Retouch, which uses artificial intelligence to upscale and enhance the quality of cropped, distant, or low-resolution images. This is complemented by an Unblur feature, which aims to restore details, colours, and lighting to blurry photos, offering users a more refined photography experience.

Subscribe to enjoy similar stories. New Delhi: Shorn of negotiator parlance, the latest edition of the Conference of Parties (COP29) can be summed up with the one-liner from the movie Jerry Maguire: Show me the money. In Baku, Azerbaijan, ground zero of oil wells and an unlikely milieu for the pursuit of a cleaner planet, traditional negotiating blocs sparred and wrangled over a fortnight for a decision on climate finance. The quantum of money—and more so, its nature—was at the crux of the negotiations to mobilize capital to address climate change.

Silver prices tumbled to a three-week low by losing Rs 4,900 to Rs 90,900 per kg, while gold slipped Rs 100 to Rs 78,700 per 10 grams in the national capital on Thursday on frantic selling by stockists and retailers, according to the All India Sarafa Association. The yellow metal of 99.5 per cent purity declined Rs 400 to Rs 78,300 per 10 grams on Thursday. Price of gold of 99.9 per cent and 99.5 per cent purity closed higher at Rs 78,800 and Rs 78,700 per 10 grams, respectively, on Wednesday.

BSE has revised the circuit limit for about 55 stocks including Angel One, Adani Total Gas, APL Apollo Tubes, Cyient, Delhivery, DMart among others. The price band limits have been adjusted to 10% for 46 stocks, including prominent names like Zomato, YES Bank, Varun Beverages, Tata Elxsi, Paytm, Oil India, Nykaa, and NCC. Additionally, four stocks will now have a 5% circuit limit, while five others will see their limits revised to 2%.