India Financial News

27.11 / 14:17
markets COST Progressive Trade country reports Why Israel-Hezbollah ceasefire is a good news for India
Gaza, triggered by a Hamas attack on Israel in October last year, and later pulled in Hezbollah too. The ceasefire does not extend to Gaza, where Israel’s military continues to fight Hamas as there is no progress on the release of Israeli hostages held by Hamas. Yet, the ceasefire is a definite turning point in the conflict and raises hope for final resolution. The ceasefire comes as a good news for India not just because India has trade and business interests in the Middle East which will be harmed if a wider war breaks out, but also because a highly ambitious project, which was deferred due to the conflict, can be back on track. The most consequential announcement at last year's G20 Summit in Delhi was the commitment to build a rail-and-port network that will connect India to the Middle-East and the Middle-East to Europe and the US. It has been named the India-Middle East-Europe Economic Corridor (IMEEC). Though no leader from the participating countries mentioned China, it is an obvious alternative to China's Belt and Road Initiative (BRI) that aims to connect the whole world to China through shipping, rail and road networks.
27.11 / 14:05
Gap Research trends Trade electronic reports Pharmaceuticals India-China trade: An alarming $18 billion discrepancy
Subscribe to enjoy similar stories. India-China trade data for 2023 reveals a widening discrepancy, with India's reported imports from China falling significantly short of China's export figures, raising concerns over potential anomalies such as under-invoicing, misclassification, and inconsistent reporting practices.
27.11 / 11:57
markets Digital Sustainability WhatsApp Experts show Investigations NIA conducts searches against 'terror-gangster syndicate' involved in smuggling arms into India
A host of incriminating materials, including mobiles/digital devices, banking transactions and property-related documents, were seized during the searches, the statement issued by the probe agency said. «In a massive crackdown in the terror-gangster nexus case, the NIA on Wednesday conducted extensive searches at premises linked with associates of Davinder Bambiha syndicate at nine locations in the states of Punjab, Haryana and Uttar Pradesh,» it said.
27.11 / 11:57
markets Digital Action awards Experts country recommendations India has taken robust measures to regulate fintech industry: Finance ministry official
Financial Action Task Force's recommendations to tackle money laundering and terror financing, a central government official said on Wednesday. India is among the few countries that are working on FATF recommendations to regulate the fintech industry, said Vivek Agrawal, additional secretary (department of revenue), ministry of finance, during the ongoing 41st plenary meeting of the Eurasian Group in Indore. FATF leads global action to tackle money laundering, terrorist and proliferation financing. The Reserve Bank of India (RBI) has also issued separate guidelines to regulate payment aggregators and payment gateways, he said.
27.11 / 11:57
markets UPS Enterprise Trade Updates International Stock market update: Power stocks up as market rises
Adani Power Ltd.(up 19.52%), Adani Energy Solutions Ltd.(up 10.00%), Adani Green Energy Ltd.(up 10.00%), Jaiprakash Power Ventures Ltd.(up 6.90%), Gujarat Industries Power Company Ltd.(up 5.27%), GMR Power and Urban Infra Ltd.(up 5.00%), Ravindra Energy Ltd.(up 5.00%), Jyoti Structures Ltd.(up 5.00%), Reliance Power Ltd.(up 4.99%) and Indowind Energy Ltd.(up 4.98%) stood among the top gainers.
27.11 / 11:57
markets UPS SEC Strategy Trade information Sensex rises! These stocks rallied over 15% on BSE in today's trade
stocks rallied as much as 15% in Mumbai trading on Wednesday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Indo Cotspin(20.00%), Chennai Multi(19.99%), Ola Electric Mobilit(19.99%), Adani Gas(19.76%), Adani Power(19.65%), Thirani Projects(18.58%), Ellora Trading Ltd.(18.33%), Xpro India(17.33%) and Shaily Engg Plastics(16.35%).
27.11 / 11:53
Provident Aware Merit security Strategy economy Retirement ready: Here are some essential tips for financial security
Subscribe to enjoy similar stories. The idea of planning for retirement at a young age may seem unconventional to many. However, there is significant merit in starting early.
27.11 / 11:27
markets Platform awards Experts track 2020 Government says e-Daakhil portal rolled out across India; to soon launch e-Jagriti
e-Daakhil portal' — an inexpensive, speedy and hassle-free mechanism for filing consumer complaints — has been rolled out successfully in all states and union territories. The government is also working for launch of e-Jagriti, which will further streamline case filing, tracking, and management, ensuring a hassle-free experience for consumers and other stakeholders, it said. In a statement, the consumer affairs ministry said with the recent launch of e-Daakhil portal in Ladakh, the online platform is now accessible to consumers pan-India.
27.11 / 11:27
markets UPS Analysis Food Trade Experts Stock market update: FMCG stocks up as market rises
Adani Wilmar Ltd.(up 8.37%), LT Foods Ltd.(up 5.29%), JHS Svendgaard Laboratories Ltd.(up 4.96%), Bikaji Foods International Ltd.(up 3.82%), Marico Ltd.(up 3.43%), Zydus Wellness Ltd.(up 2.82%), Euro India Fresh Foods Ltd.(up 2.72%), Hindustan Foods Ltd.(up 2.52%), Colgate-Palmolive(India)Ltd.(up 2.20%) and Heritage Foods Ltd.(up 2.14%) stood among the top gainers.
27.11 / 11:27
Man Remark love Celebrity social actress Videos Samantha Ruth Prabhu caught flirting in new viral video, admits to 'falling in love'
Naga Chaitanya's pre-wedding celebrations, his ex-wife and actress Samantha Ruth Prabhu grabbed attention with her recent flirtatious interaction. But, there’s a twist. She was not flirting with a man. The video of her playful conversation was shared on social media leaving her fans intrigued by her cheerful demeanour and candid remarks. A viral video showcases Samantha Ruth Prabhu engaging with an AI-powered audio platform. It has taken the internet by storm, while the actress can be seen blushing and smiling. As the AI prompt flirted with her, the actress blurted out laughingly, “I think I am falling in love with you”. During the exchange, the Family Man actress asked the AI to describe her funnily and the AI humorously likened her to a «spicy biryani,» describing her as «full of flavour, a little bit of heat, and leaving everyone wanting more.» This witty remark had the actress visibly amused and blushing, as she continued to banter with the AI. Samantha expressed her surprise at the charming interaction, jokingly asking if this is why AI has become so popular. Fans couldn’t get enough of the lighthearted moment, with many sharing the video widely across social media. Samantha's ability to embrace humour while engaging with cutting-edge technology only added to her appeal. Many expressed their love for the actress and even dropped heart emojis in the comment section.
27.11 / 11:27
SEC security Analysis Research Trade Experts information Sensex rises! But these stocks fell 5% or more in Wednesday's session
On the BSE, Nova Pub(down 14.68 per cent), WABCO India(down 13.73 per cent), Inani Marbles(down 10.00 per cent), 3P Land Holdings(down 9.99 per cent) and Amanaya Ventures(down 9.96 per cent) stood among the top losers in today's trade.
27.11 / 09:33
markets Provident Action security Strategy wellness rights Should you look at conservative hybrid funds amid the market rally?
Subscribe to enjoy similar stories. MUMBAI : After correcting nearly 11% from their all-time highs, Indian indices are again witnessing a rally, making investors reassess the best course of action. With overheated markets, the challenge of balancing risk and returns has become more pronounced.
27.11 / 09:33
COST UPS Platform Apple Features Black Friday Offers: From Flipkart, Samsung, and Apple to Croma and Bank cards — Check top sale deals here
Black Friday" shopping phenomenon offers buyers deep discounts and bustling sales. It traditionally marks the start of the US holiday shopping season, falling on the Friday after Thanksgiving. This year, it lands on November 29, 2024.And in the US, India, and across the world retailers are set to offer pocket-friendly discounts to draw millions of eager shoppers.
27.11 / 08:55
markets UPS Booking Strategy Analysis Trade Experts NTPC Green Energy's m-cap crosses Rs 1 lakh crore mark on debut, stock jumps 10% post listing
NTPC Green Energy's market capitalisation breached the Rs 1 lakh crore mark on Wednesday as the stock shot up 10% following a lacklustre listing. NTPC's renewable energy arm was listed at Rs 111.50 on the NSE, a 3.2% premium over the issue price of Rs 108. The stock generated considerable interest on its opening day with over 26 crore shares changing hands around 1:15 pm.
27.11 / 08:55
markets Provident Digital Mobile Remark Experts information Life Certificate for pensioners 2024: How to check if your Jeevan Pramaan Life Certificate is accepted or rejected
Jeevan Pramaan is a biometric-enabled digital service for pensioners. Pensioners of the Central government, State government or any other government organization can take benefit of this facility. A digital life certificate aims to shorten the process to get a life certificate, making it more convenient for pensioners. With this initiative, pensioners will no longer need to be physically present at the disbursing agency or certifying body, to continue receiving pension. Few days left to submit life certificate: What happens if pension life certificate not submitted by Nov-end? Pensioners in India submit their Digital Life Certificate (DLC) or Jeevan Pramaan every year in November to continue receiving their pensions.
27.11 / 08:55
markets UPS Analysis wellness Trade Experts rights Government spending and liquidity easing to spur growth: Satish Kothari
«We expect pickup in government-led spending and easing of liquidity, which will start aiding growth from next quarter onwards. Last 18 months to 24 months, we have seen a lot of stock run up and sectors run up in Indian markets,» says Satish Kothari, SageOne Investment Advisors. In the last two months, we have seen a 3000 points correction in the benchmark and a recovery of nearly 1000 points from the lows. So, how are you positioning yourself amidst such volatility? What is your market view at current juncture if you could just take us through that? Satish Kothari: The Indian markets have cooled off in the last two months primarily driven by Q2 FY25 earnings, which were quite weak and FIIs selling and rising geopolitical uncertainties. The broader outlook for near-term continues to be a bit uncertain, driven by external global environment and investors will watch out for how Q3 FY25 earnings pans out for corporate India. However, when we look at Indian macro environment, it continues to be strong and stable.
27.11 / 08:55
COST Strategy Experts PAM reports strain With cost pressures mounting, 91% of Indian firms plan finance budget reductions: EY
Indian companies, as 91 per cent companies are planning to reduce their tax and finance budgets, reflecting the impact of financial strain on corporate operations, said a EY report. The survey by the professional services firm highlights that cost pressures are the top concern of the companies for the first time, with inflation and cost-cutting eroding tax and finance budgets. At the same time, the survey highlights that tax functions face an increasing urgency to manage more complex and data-heavy tax responsibilities. New reporting requirements like BEPS 2.0's Pillar Two rules, are expected to have a significant bearing on the burden of tax and finance functions, it added.
27.11 / 08:49
Citi Airlines Department Schools Colleges Updates Cyclone Fengal LIVE Updates: Cyclonic storm brewing in Bay of Bengal, moving towards Tamil Nadu, IMD predicts heavy rain
Get all the Cyclone Fengal LIVE Updates here on LiveMint!Rains lashed several parts of Tamil Nadu on Tuesday, and the India Meteorological Department said the depression over Bay of Bengal has formed into a deep depression and it is likely to intensify into a cyclonic storm on November 27. Seven teams from the 4th Battalion of the NDRF, including two canine units (30 rescuers per team), have been mobilised in anticipation of heavy to very heavy rainfall predicted by the Regional Meteorological Centre (RMC) in parts of Tamil Nadu and Puducherry from 26 to 28 November.According to the NDRF, the teams will be deployed in Karaikal, Thanjavur, Tiruvarur, Cuddalore, Nagapattinam, and Mayiladuthurai districts.The Regional Meteorological Centre (RMC), Chennai, on Tuesday said that the depression over the southwest Bay of Bengal has now intensified into a deep depression and that it is likely to intensify further into a cyclonic storm on Wednesday.Chennai city and suburbs have been experiencing widespread rains since Tuesday morning.
27.11 / 08:17
markets Citi Pool innovations reports Destinations Office leasing by Global Capability Centres in Chennai likely to touch 3.2 mn sq ft by 2025: CBRE
CBRE. Currently, Chennai accounts for 11% of India's GCC workforce and benefits from supportive initiatives such as the Tamil Nadu Startup and Innovation Policy 2023 and the R&D Policy 2022. Some of the large GCCs who started operation in Chennai this year includes AstraZeneca, Addidas and Caterpillar. “As the world embraces digital transformation, Global Capability Centers (GCCs) have emerged as strategic drivers of India's exponential growth. Initially attracted by cost advantages, GCCs in India now leverage the country's deep pool of skilled talent and vibrant startup ecosystem.Tamil Nadu presents a compelling proposition for businesses seeking to establish or expand their global operations. The state, with its attractive policy incentives, strong talent pool, robust corporate ecosystem, and abundant quality office space, has solidified its position as a preferred destination for these GCCs.,” said Anshuman Magazine, Chairman & CEO — India, South-East Asia, Middle East & Africa, CBRE.
27.11 / 08:17
markets Digital Mobile PAM electronic Department Updates PAN 2.0: No need to re-apply, your new e-PAN’s on the way via mail ID
PAN 2.0 initiative, and holders will automatically receive an electronic version of their card via email, without needing to apply. However, those who wish to obtain a physical card must apply and pay a fee of Rs 50 if they reside in India, the tax department announced on Tuesday. «If existing PAN holders wish to update or correct their details, such as email, mobile number, address, name, or date of birth, they can do so at no cost once the PAN 2.0 project is rolled out,» the Central Board of Direct Taxes (CBDT) stated in a set of FAQs released on Tuesday following approval of the Rs 1,400 crore project by the Cabinet Committee on Economic Affairs (CCEA). In the meantime, holders can use the Aadhaar-based online facility for free updates of email, mobile, and address details.
27.11 / 08:17
markets Digital Google Strategy Apple PAM country Google appoints former Apple executive Mitul Shah as MD for India smartphone business
Google has appointed former Apple India executive Mitul Shah as the managing director for its devices and services business in India, as the tech giant intensifies its focus on scaling its Pixel smartphone sales in the country. In his new role, Shah will lead Pixel's sales and expansion strategies across India. Prior to this he served as the head of consumer sales for Apple in India. In a LinkedIn post on November 27, Shah wrote, «To everyone who has asked me in the last few weeks, why 'switch' from Apple? This is not a switch. This is a continuation of the mission of putting the world's best technology in the hands of fellow countrymen and women.»

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