India Financial News

Subscribe to enjoy similar stories. Last week was an ordinary one made extraordinary by new readings of power tilts both at home and globally.

Subscribe to enjoy similar stories. America’s gross national debt is $36trn, or $107,000 per person. It is rising fast and will probably soon be rising even faster.

Subscribe to enjoy similar stories. Bengaluru: The chief executive of a two-year-old zero-revenue green energy company that recently scored a ₹10,000 crore ($1.2 billion) investment commitment from REC Ltd is among those indicted in the $250 million Adani bribery case. New Delhi-based Ocior Energy’s co-founder and CEO Ranjit Gupta was the chief executive of Azure Power Global Ltd, the company in the thick of the bribery charges by US prosecutors, between 2019 and 2022.

Subscribe to enjoy similar stories. Everyone must have heard that one should never average down a falling stock. If there is a turnaround in sight, betting on a revival may be worth considering.

Subscribe to enjoy similar stories. Mergers and acquisitions (M&As) are likely to get a boost in 2025 on the back of increased political clarity after a year of key national elections globally and a cooling initial public offering (IPO) market, top executives at Investec Bank Plc said in an interview with the Mint. “2024 was clearly a year of significant uncertainty.

Subscribe to enjoy similar stories. Tata Capital Healthcare Fund (TCHF) is planning to increase the ticket size of each of its investments to around $25 million, from $10-18 million currently, the private equity (PE) fund’s managing partner Visalakshi Chandramouli said, as demand for healthcare in the world's fifth-largest economy grows. The fund is also betting on domestic pharmaceutical companies that target global markets.

Subscribe to enjoy similar stories. The Nifty50 benchmark index made a strong recovery on Friday, driven by short covering in index heavyweights, exit polls signalling a comfortable victory for the BJP in Maharashtra, and positive global cues triggered buying across sectors. The advance-decline ratio of 3:1 favoured the bulls.

Subscribe to enjoy similar stories. The euphoria in Bharat Forge Ltd has subsided. After hitting an all-time high of ₹1,804 on 21 June, which was in tandem with the excitement in all defence sector stocks, the stock has corrected to ₹1,316.

Subscribe to enjoy similar stories. New Delhi: India's production sops programme which powered a ₹13 trillion manufacturing boom may not add any more sectors soon in the wake of slowing disbursements, two people aware of the matter said.

Subscribe to enjoy similar stories. Mumbai: Two days before a US court indicted senior officials of Adani Green Energy for allegedly bribing Indian state government officials to secure lucrative power contracts, bulls on two of the group companies' derivatives counters slashed their long positions, saving them from massive losses that hit the group shares after the news broke. A report of the allegations, dismissed as "baseless" by the Adani Group, surfaced early on Thursday morning, leaving investors with a ₹2.24-trillion hole in their pockets at the end of the day.

Adani Group's construction of a major deepwater container terminal in Colombo with US financial support could be in focus after the recent indictment of the group but is being favoured by the advisers of the ruling dispensation in Sri Lanka to boost investor confidence. Leaders of Sri Lanka's ruling party had prior to the recent election spoken about «cancelling the project» but post polls, the government said it needs more time to evaluate the project. On his part, President Anura Kumara Dissanayake has shown interest in continuing with all projects reached between New Delhi and Colombo by his predecessors as he banks on India's support to boost the economy.

Vodafone Idea (Vi) missed paying its second bank guarantee (BG) of about '350 crore to cover for spectrum bought in a 2012 auction and which was due November 1, said officials familiar with the matter. This follows India's third-largest telecom operator missing payment of more than '4,600 crore BG this September for a 2016 spectrum auction. The Department of Telecommunications (DoT) is, however, unlikely to invoke any penal action against the struggling telco till a decision is taken on a DoT proposal to waive BG for spectrum auctions. «The draft Cabinet note on the waiver has been prepared and circulated and it will be sent for approval soon,» an official told ET. A second official said the law ministry and the finance ministry are yet to reply on the note but still it might be sent to the Cabinet to take a final call on the matter.

financial services and investment management firm State Street Corporation has picked up an entire commercial office tower near Mumbai's business district Bandra-Kurla Complex (BKC) from Brookfield Properties through a long-term lease of around 10 years, said people with direct knowledge of the development. The company will be paying a total rental of more than Rs 350 crore for the office spread over around 250,000 sq ft through the entire lease tenure. The Boston-based company has leased the office space spread across the ground plus six-storey tower, which is part of a 10-acre commercial complex Equinox Business Park, to set up its global capability center (GCC) serving clients globally.

Viksit Bharat Young Leaders Dialogue' and participate in preparing the future roadmap of the country. In his monthly 'Mann ki Baat' address, the PM lauded the life and lessons of Swami Vivekanand whose birth anniversary on January 12 is celebrated as Youth Day. «Next year is Swami Vivekananda's 162nd birth anniversary.

Although this may not be felt in Maharashtra until legislative business begins in earnest, the result's impact will be felt without delay in parliament as its winter session begins today. Undeniably, the political impact of the Maharashtra verdict will be felt nationally because it hugely bolsters confidence of NDA, especially confidence in Narendra Modi. Likewise, the combative character Congress displayed during the previous session will be difficult to harness after the party 'squandered' two opportunities that came knocking following the general elections. Unlike the Haryana elections, which the party practically 'lost' to BJP, in the case of Maharashtra, this was an election that Maha Yuti (MY) won by combing several strategies-significantly without Modi campaigning with the intensity associated with him.

Gautam Adani paid and offered bribes to Indian government officials for securing solar power projects has now reached the Supreme Court. A fresh plea was filed late Saturday night informing the apex court to take on record the allegations of bribery and corruption raised by US prosecutors and the US SEC against the Adani group. The application has been filed in a batch of pending petitions in the Adani-Hindenburg row over allegations of stock price manipulation by the Indian corporate giant. Lawyer Vishal Tiwari, who was also one of the petitioners in the Adani-Hindenburg case, in his fresh application said the indictment order was relevant to the pending case and these documents «unveil serious malpractices carried out by the conglomerate» and these should be thoroughly investigated by the Indian authorities in the «interest of the nation.»

«Pleased to inaugurate the new Chancery of the Embassy of India in Rome today. It befits the continued expansion of India-Italy partnership in recent years. Will also help us serve better the Indian community in Italy,» he said in a post on X. Speaking on the occasion, Jaishankar said India regards Italy as a key partner, a very crucial one in Europe, and a very influential one in the Mediterranean.

Ranbir Kapoor attended the International Film Festival of India (IFFI) in Goa, where he shared an anecdote about his wife, Alia Bhatt, and her knowledge of classic music and films. Reflecting on how the current generation isn't as familiar with iconic figures, Ranbir revealed that when he first met Alia, she didn’t know who Kishore Kumar was. Speaking during a conversation with Rahul Rawail at the 55th IFFI, Ranbir said, “When I first met Alia, she asked me who Kishore Kumar was.” The audience reacted with surprise, with one woman even shouting, “Are you serious?” The Animal actor explained further that it reflects the «circle of life,» where legends are sometimes forgotten before being rediscovered by new generations. Meanwhile, reactions on Reddit speculated that Alia might not appreciate Ranbir sharing this detail publicly. Many humorously suggested it could be Ranbir’s subtle way of getting back at Alia for her previous «lipstick» comment about him, which sparked controversy last year.

Noor Ahmad was picked by Chennai Super Kings for Rs 10 crore in the IPL 2025 mega auction on Sunday at Jeddah. The left-arm wrist spinner was initially sold for Rs 5 crore to CSK. Gujarat Titans opted to use their Right to Match card, but CSK raised the bid to Rs 10 crore to which GT disagreed. The youngster has played 23 IPL matches and picked 24 wickets with an economy rate of just over 8 an over.

Maharashtra excise department on Sunday revoked the permit to serve alcohol at actor-singer Diljit Dosanjh's Dil-Luminati concert in Pune’s Kothrud area, scheduled for later that evening. The decision came after objections were raised by various parties, including Kothrud's newly elected BJP MLA, Chandrakant Patil. State Excise Commissioner C. Rajput confirmed the cancellation, stating, «The state excise department has withdrawn permission to serve liquor at the event.» MLA Patil expressed strong opposition to the concert, which was set to take place at Kakade Farm, citing concerns over its impact on the local community. In a statement, he remarked, «Such events are not in line with the city’s culture. They will cause significant inconvenience to residents, including noise pollution and traffic congestion. I have urged the city police commissioner to cancel the event altogether.»

RSS Chief Mohan Bhagwat on Sunday said India's forgotten pride should be reintroduced. Speaking at Lokmanthan-2024, a colloquium of "nationalist thinkers" here, Bhagwat talking about the importance of science having the consent of country's philosophical knowledge, cited the example of scientists stressing on ethics in the use of Artificial intelligence. India's value system emphasizes on the individual's wisdom, he said. There is logic, wisdom in India's approach to issues and the country need not follow other approaches to problems. India can take good things from foreign countries but it should have its own soul and structures.