India Financial News

Shares are mostly higher in Asia, tracking last week's gains on Wall Street

Lower House of Parliament commenced proceeedings on Day one of the 2024 Winter Session. Speaker of the House, Om Birla adjourned the House to noon today. Congress president Mallikarjun Kharge said in a post on X that as the Parliament session begins, the first step the government should take is to have a detailed discussion on the Adsaga which has the potential of tarnishing India's image at the global stage, on Monday.

mutual funds have offered a negative average return of around 13.34% in the last three months. Five PSU mutual funds have marked their presence in the market over the last three months. Quant PSU Fund lost the most of 17.68% in the last three months. CPSE ETF, the largest PSU fund based on assets managed, delivered a negative return of around 14.85% in the mentioned period.

The report also highlighted that Indian Pharmaceutical Market (IPM) grew by 8 per cent YoY, with chronic therapies showing a 9 per cent increase. However, acute therapies experienced modest growth of 4 per cent due to a weak season for these segments. It said «The pharmaceutical universe under our coverage reported Q2FY25 growth of 10.2 per cent YoY and 1.7 per cent QoQ, driven by robust growth in North America (10.8 per cent YoY) and the India business (9.8 per cent YoY)».

Rajya Sabha chairman Jagdeep Dhankar said discussions over Gautam Adani's indictment in United States over alleged bribergy charges worth $256 million will not be allowed in the Upper House. Vice President and Rajya Sabha chairman in opening session said that he has received 13 notices from Members of Parliament (MPs) for discussion over allegations against Adani Group. Amid furour, the Rajya Sabha was adjourned till 11:45 pm.

Subscribe to enjoy similar stories. India's economic performance improved significantly among emerging markets’ (EM) peers, driven by a remarkable rebound in exports. Despite a tumultuous stock market and the depreciation of the rupee, the country's growth was fuelled by a 17% year-on-year increase in exports in October, marking a sharp recovery after months of sluggish performance.

Subscribe to enjoy similar stories. Inflation has persisted stubbornly for five years now. In October 2019, India’s retail inflation exceeded the 4% official midpoint target set by the Reserve Bank of India (RBI), and has remained there for all but two months in 2024.

Subscribe to enjoy similar stories. This year, India celebrates the 75th anniversary of the adoption of the Constitution of India. It is an occasion to reflect on its importance and role in the evolution of Indian democracy.

Swaminathan Aiyar, Consulting Editor, ET Now, says Maharashtra and Jharkhand elections show there are as many puzzles as lessons. There are no clear-cut lessons. While Hindutva line and local issues worked in BJP’s favour in Maharashtra while in Jharkhand they did not. But BJP will be happy that even where it has done badly in the general election, where Mr Modi mattered, it can do very well in the state election. It would be extremely heartening for the BJP to say there is much more to this party than just Mr Narendra Modi, that is a positive. In Maharashtra, the BJP-led Mahayuti alliance is all set to form the government. I guess the markets would like that, right? It is continuity and stability. Swaminathan Aiyar: Yes, categorically yes. It is not just that they won, they won with such a phenomenal sweep. I mean, it is like a slap on the face of the Congress party and the INDIA bloc. The INDIA bloc did recover something by winning Jharkhand quite convincingly going against the opinion polls that had suggested it might be a dead heat or something.

Dalmia Bharat Sugar and Industries Ltd.(up 2.54%), Ugar Sugar Works Ltd.(up 2.07%), Shree Renuka Sugars Ltd.(up 2.07%), Kothari Sugars & Chemicals Ltd.(up 2.02%), Bajaj Hindusthan Sugar Ltd.(up 1.98%), Dwarikesh Sugar Industries Ltd.(up 1.98%), Uttam Sugar Mills Ltd.(up 1.94%), Triveni Engineering & Industries Ltd.(up 1.82%), Avadh Sugar & Energy Ltd.(up 1.79%) and Dhampur Sugar Mills Ltd.(up 1.66%) were among the top gainers.

A total of 84 players were up for grabs on day 1, of which 72 were sold to respective franchises, with Rishabh Pant, Shreyas Iyer and Venkatesh Iyer becoming the three most expensive buys of the season. Teams like Royal Challengers Bengaluru, Mumbai Indians, Chennai Super Kings, Kolkata Knight Riders, Sunrisers Hyderabad, and Delhi Capitals are set to participate in the high-stakes bidding frenzy, once again. Several marquee players like Faf du Plessis, Rovman Powell, Kane Williamson and Bhuvneshwar Kumar are featured in the list of cricketers who may go under the hammer.

Mahakumbh 2025. This year's Mahakumbh is set to surpass all previous editions, with the inclusion of the Nishadraj cruise in the Sangam area as a notable highlight. Ahead of Prime Minister Narendra Modi's visit, the Nishadraj cruise, managed by the Inland Waterways Authority of India (IWAI), has embarked on its journey from Varanasi to Prayagraj. Equipped with modern amenities, the cruise symbolizes the state's dedication to innovation and excellence. Preparations are in full swing, with VIP vehicles like Kasturba positioned near the Naini Bridge to welcome the cruise. In collaboration with the Prayagraj Mela Authority, the Varanasi administration is leaving no stone unturned to ensure a majestic and memorable Mahakumbh experience for visitors from around the world.

Additionally, the INDIA bloc will be looking forward to cornered the BJP-led NDA alliance over rising tensions in Manipur as well billionaire Gautam Adani's indictment in the United States for alleged bribery worth $256 million. «A total of 42 leaders from 30 political parties were present in the meeting. There are many topics. Everyone has asked for discussion on some topics but we want that there should be a good discussion in the Lok Sabha and Rajya Sabha. The government is ready to discuss any topic. Our only request is that the House should run well and there should be no ruckus. Every member wants to participate in the discussion but the House should run well. To run the winter session well, everyone's cooperation is needed and everyone's participation is necessary,» Union Parliamentary Affairs Minister Kiren Rijiju had said after the Centre called all-party meeting chaired by Union Minister Rajnath Singh.

Society of Jesus, or Jesuits, wanted to use this hot new technology — just over a century old — to spread Christianity in the East. This press was meant for Abyssinia (Ethiopia), but the winds took it round Africa and up to India, where it docked in Goa. It was getting ready to sail again, when it was learned that the Abyssinian emperor no longer wanted it. Francis Xavier, one of the Jesuits’s founders, had established a strong presence in Goa. So, when this news came, the Jesuits quickly set up the press. Printing using carved surfaces may have existed in India before this, but this press produced the first Indian books using movable type. This was in Roman script, but attempts were made to cast types in Indian scripts, first Tamil and then Devanagari. The earliest texts were religious, but in 1563, the press printed a book whose title translates as Colloquies on the Simples and Drugs of India (1563). Written by physician and naturalist Garcia da Orta in the form of dialogues with a fictional friend named Ruano, it describes the useful plants of India. Through the conversations, which include visits to patients, a fascinating picture emerges of the trading world of India and the Arabian Sea.

India VIX inched higher to close at 16.10 on Friday, reflecting heightened market caution and a slight uptick in volatility.

«I hereby give notice of my intention to ask for leave to move a motion for the adjournment of the business of the house for the purpose of discussing a definite matter of urgent importance,» Tagore, whip of Congress party in Lok Sabha wrote in a letter to the Secretary General of Lok Sabha. In the letter, Tagore expressed his desire to discuss the matter related to the United States (US) indictment of Gautam Adani over the «bribery, securities, fraud, and wire fraud» charges against Adani Group.

Donald Trump has far-reaching implications for global trade and geopolitics. According to a report by Motilal Oswal, this policy carries mixed outcomes for exporters worldwide because it is designed to prioritize U.S. manufacturing by reducing imports, particularly from China. For India, Trump's policies present both opportunities and challenges. The Indo-Pacific defense strategy could strengthen U.S.-India collaboration, opening doors for Indian businesses in sectors such as pharmaceuticals and defense.

Huawei Technologies Co. for breaching US laws shocked President Xi Jinping’s inner circle and raised questions over whether Donald Trump would intervene in the case. Trump now faces a similar dilemma after US prosecutors charged Gautam Adani — India’s most powerful businessman and a close ally of Prime Minister Narendra Modi — in a $250 million bribery scheme. While Modi’s party called it a private matter, and Adani’s company denied the allegations, the case threatens to roil US-India diplomatic ties. Although Trump didn’t intervene in the Huawei case, which was eventually settled in 2021 after he left office, on its face he’ll have more incentive to make this case go away. Beyond Trump’s personal connection with Modi, the incoming US president has packed his team with China hawks who want to see stronger ties with India to counterbalance Beijing’s power in the region.

central banks' continued demand for gold,” says Tarun Birani Founder and CEO TBNG Capital Advisors. In an interview with ETMarkets, Birani said: “Silver holds a unique position due to its dual role as a precious and industrial metal. Its demand is bolstered by applications in solar energy, electronics, and battery production” Edited excerpts:

Subscribe to enjoy similar stories. The CoP-29 climate summit at Baku closed with a measly deal that has deeply disappointed the developing world and civil society in developed countries. So much so that the spokesperson for the Indian delegation to the annual series of UN-mandated climate talks called the final agreement an “optical illusion." India’s voice matters at such forums our delegates make sure it is heard loud and clear.

HDFC Bank, HCL Tech, Zomato, RVNL among others will be in focus due to various news developments. Indian Bank The Financial Services Institutions Bureau (FSIB) recommended Binod Kumar for the post of MD of Chennai-based Indian Bank.