India Financial News

Imagine a fixed-income investment advisor who tried out crypto assets and then got converted. That’s what happened with New Delhi-based Shiv Pande, who worked closely with pension and provident funds and became curious about the stupendous rise of crypto assets in 2021. He spent a year researching it and invested in it for the first time in July 2022.

Continued growth in production of iron ore in the current financial year shows the robust demand conditions in the user industry. Coupled with growth in aluminium and copper, these growth trends point towards continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery.

immuno-oncology drug Toripalimab in India. Toripalimab is approved by various regulatory authorities around the world including USFDA, European Medicines Agency (EMA), Medicines and Healthcare products Regulatory Agency (MHRA), and others for the treatment of adults with recurrent or metastatic nasopharyngeal carcinoma (RM-NPC). Nasopharyngeal carcinoma is a rare, aggressive form of head and neck cancer that originates in the upper part of the throat.

Competition Commission of India (CCI) on Thursday ordered a probe against Google for an alleged breach of antitrust rules following a complaint by online gaming company Winzo. In an order, the regulator has asked its director general to wrap up the investigation and submit a consolidated report within 60 days. “On a holistic consideration of the facts and circumstances of the present case, the Commission is of the prima facie view that Google appears to be in violation of Sections 4(2)(a)(i), 4(2)(b), and 4(2)© of the (Competition) Act, as detailed in this order, which warrants detailed investigation,” the CCI said in the order.

equity offering of Rs 225 crore. With this, the company’s outstanding debt stands reduced at Rs 693 crore. The debt reduction ahead of its scheduled due date is expected to help the company post better returns on grounds of lower interest payments on existing debt, the developer said in a regulatory filing.

“Work on the bullet train corridor in Maharashtra picked up pace after the National Democratic Alliance (NDA) government took charge. Entire land acquisition is complete and over 320-kilometres of the physical infrastructure work is ready,” the official said. Commenting on future bullet train corridors, he said experience from developing the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor will come handy. “India is now capable to single-handedly take up this project in more corridors. We should have our own trains in future corridors as well," he said.

Gujarat State Fertilizer & Chemicals Ltd.(up 4.61%), Rashtriya Chemicals & Fertilizers Ltd.(up 4.27%), Khaitan Chemicals & Fertilizers Ltd.(up 4.03%), The Fertilisers and Chemicals Travancore Ltd.(up 3.13%), Nagarjuna Fertilizers and Chemicals Ltd.(up 2.61%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 2.46%), Madras Fertilizers Ltd.(up 2.34%), Zuari Agro Chemicals Ltd.(up 1.92%), Chambal Fertilisers & Chemicals Ltd.(up 1.81%) and National Fertilizers Ltd.(up 1.77%) stood among the top gainers.

Vande Bharat train services were operational with enhanced safety features and modern passenger amenities as on November 21, the government has informed the Lok Sabha. In a written reply on Wednesday, Railways Minister Ashwini Vaishnaw said these safety features and modern passenger amenities were automatic train protection system KAVACH, faster acceleration, fully-sealed gangway, automatic plug doors, better ride comfort, mini pantry with provision of hot case, bottle cooler, deep freezer and hot water boiler, among many others. The minister was responding to questions raised by nine MPs from various political parties who wanted to know the rationale behind launching the Vande Bharat Express, their occupancy, amenities, passenger feedback and services in Maharashtra as well as on the New Delhi-Kathgodam route. Vaishnaw said, «Presently, 22 Vande Bharat services, on originating or terminating basis, are catering to the needs of stations located in the state of Maharashtra.»

«The situation in Bangladesh is now not normal. An interim government has taken over the reins there, which has launched attacks on minorities. I would appeal to the people who are secular to launch a movement to change the present government in Bangladesh», the CPI(M) leader told reporters. Notably, former Bangladesh Foreign Minister Hasan Mahmud, in an interview with PTI, accused the interim government headed by chief advisor Muhammad Yunus of allowing «mobocracy» to replace democracy.

real estate sector in India, a major contributor to economic growth, has traditionally relied on manual processes and outdated systems, making asset management inefficient. However, the adoption of advanced technologies like artificial intelligence (AI), predictive analytics, and drone technology is driving a paradigm shift. These innovations are addressing long-standing challenges, enhancing transparency, and opening up new opportunities for growth in a competitive market.

luxury homes, leaving behind the once-dominant affordable housing segment. This paradigm shift underscores the evolving priorities of urban dwellers and the burgeoning demand for a holistic living experience. A Lifestyle Beyond Four Walls Gone are the days when owning a house was merely about a roof over one’s head. «Today’s buyers seek more than just a property; they desire a lifestyle. Luxury homes, offering a seamless blend of residential spaces, commercial hubs, educational institutions, healthcare facilities, and leisure amenities, fulfill these expectations. These self-contained ecosystems not only provide luxury homes but also ensure that every essential need is within arm’s reach,» Nagabhushan Reddy, Managing Director and Founder of Bengaluru-based NBR Group said.

Akasa Air announced on Thursday the launch of daily direct flights connecting Abu Dhabi with Bengaluru and Ahmedabad, starting from March 1 and 2, 2025 in a press release. The daily flights from Abu Dhabi to Bengaluru (Flight QP 578) will depart at 10:00 am and arrive in Abu Dhabi at 12:35 pm. On the return leg, Flight QP 577 will depart Abu Dhabi at 3:00 am and arrive in Bengaluru at 8:45 am. Both flights will are non-stop, will operate daily and are set to fly from March 1 and March 2, respectively. In addition, Akasa Air will introduce direct and daily flights between Ahmedabad and Abu Dhabi from March 1, 2025. Flight QP 580 from Ahmedabad will depart at 10:45 pm and arrive in Abu Dhabi at 1:00 am the next day, while Flight QP 579 will depart Abu Dhabi at 2:50 pm and arrive in Ahmedabad at 7:25 pm.

Tech Mahindra (TechM), India’s fifth-largest IT services company, has established a development centre at its office in Bengaluru, in partnership with electronic design and computer storage device manufacturing firm Universal Scientific Industrial (Shanghai), USI. It is USI’s first engineering offshore development center (ODC) in India. Located at Tech Mahindra’s Bengaluru office, the development center will accelerate innovation in smart device engineering, Tech Mahindra said in a statement. The center marks a milestone for USI as it expands its engineering capabilities to India, for enhancing device software development, hardware design, and testing.

Abu Dhabi Investment Office (ADIO) serves as a central entity in fostering economic growth and diversification in the emirate of Abu Dhabi. ADIO’s strategic emphasis on nurturing knowledge-based industries is the driving force behind Abu Dhabi’s aspiration to become a leading global center for innovation and sustainability.

Shares of Punjab National Bank(up 1.83 per cent), Canara Bank(up 1.32 per cent), Bank of Baroda(up 1.04 per cent), State Bank of India(up 0.57 per cent) and IDFC First Bank Ltd.(up 0.18 per cent) ended the day as top gainers in the pack.

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Subscribe to enjoy similar stories. Mahindra & Mahindra Ltd (M&M) has widened its electric vehicle (EV) portfolio with the launch of two new models – BE 6e and XEV 9e. Its first EV, the XUV 400, is still struggling almost two years after its launch in January 2023, with sales of about 1,000 units a month.

generative AI (GenAI) will significantly enhance the effectiveness of their tax functions, said a study on Thursday. Globally, 87 per cent of leaders echo this sentiment, underscoring GenAI's potential to revolutionize tax functions worldwide, said a EY Tax and Finance Operations (TFO) Survey 2024. Based on insights from 1,600 leaders across 32 countries and 18 industries, including 70 CFOs and tax leaders of leading Indian corporates, the global survey highlighted key challenges in the tax and finance domain. It said, «94 per cent of CFOs and finance and tax leaders in India believe generative AI (GenAI) will significantly enhance the effectiveness of their tax functions — a remarkable increase from just 19 per cent in 2023, highlighting a growing recognition of GenAI's potential in the tax landscape.»

Hartmut Issel, Head Equity & Credit APAC, CIO WM, UBS Wealth Management, says they would steer more towards the largecap side. Valuation growth, risk reward look better on this level. Within sectors, consumers at zero growth is a very clear opportunity. Financials also, especially banks, provide opportunity as they have been a bit of a laggard for the longest time. They may stay away from the two-wheeler space as many of these companies have just peaked in terms of revenue or earnings momentum and that is probably going to be a multi-quarter trajectory.

U.S. allegations, denied by the company, are that Gautam Adani's colossal ports-to-energy conglomerate paid bribes to secure power sales and made misleading disclosures, roiling the stocks and debts of Adani companies.

Mahindra and Mahindra launched two new electric SUVs, the BE 6e and XEV 9e, in India. The XEV 9e will compete with the Tata Curvv EV, which too comes in coupe SUV design. The XEV 9e's starting price is Rs 21.9 lakh (ex-showroom, introductory) for the base Pack One trim with a 59kWh battery. Deliveries begin in February 2025. Tata's Curvv EV offers two battery options (45kWh and 55kWh) across five variants, with prices ranging from Rs 17.49 lakh to Rs 22 lakh (ex-showroom). The XEV 9e measures 4,790mm long, 1,905mm wide, and 1,690mm tall, with a 2,775mm wheelbase and 207mm ground clearance. It offers 665 liters of boot space and 150 liters of frunk space. The Curvv EV is smaller, measuring 4,310mm long, 1,810mm wide, and 1,637mm tall, with a 2,560mm wheelbase and 190mm ground clearance. It has 500 liters of boot space.