India Financial News
23.11 / 03:51
markets
Digital
Election
community
BABA
Diversity
Zeeshan Siddique vs Varun Sardesai: Who will lead Bandra East this time around?
Bandra East (Vandre East) Assembly seat has become a focal point in the Maharashtra elections, as two young leaders from influential political families, Zeeshan Siddique and Varun Sardesai, go head-to-head. Zeeshan Siddique, representing the Ajit Pawar-led NCP, is the son of the late NCP leader Baba Siddique, who was murdered earlier this year. Opposing him is Varun Sardesai, nephew-in-law of Uddhav Thackeray, contesting on behalf of the Shiv Sena (UBT) under the MVA alliance.
23.11 / 02:57
markets
Digital
security
Strategy
Election
DAL
Jharkhand Election Winners List 2024: Here is the full list of winners from the state
Jharkhand assembly election 2024 was held in two phases, with the first phase on November 13 and the second phase on November 20. The results are scheduled to be declared on Saturday.
23.11 / 01:59
markets
Experts
RAI
PAM
stage
social
Delhi Environment Minister Gopal Rai inspects Narela-Singhu border to check GRAP IV implementation
Delhi Environment Minister Gopal Rai inspected the Narela-Singhu border to see the implementation of stage IV of the Graded Response Action Plan (GRAP), which enforces a ban on the operation of Delhi-registered BS-IV and below diesel-operated medium goods vehicles (MGVs) and heavy goods vehicles (HGVs), except for essential services. Speaking to media persons, Gopal Rai highlighted the AAP government's efforts to mitigate air pollution in the city. «The AAP government is continuously working to mitigate the level of pollution in Delhi. Entry has been banned for those vehicles that cause pollution, as Grap 4 is implemented. Today, we have received several complaints that vehicles are being allowed to enter Delhi without proper checking; hence I am here to inspect the same,» Gopal Rai said.
23.11 / 01:59
markets
awards
community
Experts
PAM
Equality
peace
PM Modi honoured with Global Peace Award as Indian American minorities unite under AIAM in Washington
Indian American Minorities (AIAM), a newly formed non-governmental organisation, was launched on Friday at Sligo Seventh-day Adventist Church, Maryland. The initiative aims to unite and promote the welfare of minority communities within the Indian American diaspora in the United States. During the event, Prime Minister Narendra Modi was honoured (in absentia) with the Dr Martin Luther King Jr Global Peace Award for Minority Upliftment. The award was jointly presented by Washington Adventist University and AIAM, recognising his efforts towards inclusive development and minority welfare.
22.11 / 22:37
FIVE
Fighting
Election
trends
Updates
Election results 2024 live updates: NDA vs INDIA showdown in Maharashtra, Jharkhand; all set for vote counting today
Mahayuti vs MVA in MaharashtraIn Maharashtra, the Bharatiya Janata Party-led Mahayuti alliance contested to retain power, while the Maha Vikas Aghadi (MVA) aims to wrest control from the ruling alliance in the state.The Mahayuti comprises the BJP, Eknath Shinde's Shiv Sena, Ajit Pawar's NCP, JSS, RSVA, and RYSP. The MVA had the Congress, Uddhav Thackeray's Shiv Sena (UBT), and Sharad Pawar's NCP-SP and PWPI as constituents.What happened in Maharashtra Assembly Election 2019?In the 2019 assembly election, the BJP-Shiv Sena (undivided) won the majority.
22.11 / 21:11
markets
Strategy
War
RAI
AVP
Videos
Outlander Season 7 Part 2: Here’s release date, time, episode schedule, plot and where to watch
Outlander Season 7 Part 2 returns this week, promising eight episodes of gripping storytelling. The season continues the saga of Jamie and Claire Fraser against the backdrop of the Revolutionary War.
22.11 / 19:55
markets
Target
Strategy
awards
wellness
trends
Forex reserves record biggest weekly drop as RBI moves to support Rupee
At $17.8 billion, the reserves fell the most in the week ended November 15, eclipsing the $15 billion retreat in the week of October 24, 2008, when the subprime sinkhole had swallowed global financial assets — and emerging market currencies — in the immediate aftermath of the Lehman Brothers mothballing. This time, too, the rupee declined 79 paise per dollar, or 1%, since the reserves hit a record of $704.9 billion on September 27. «Our exchange rate policy is well articulated and has remained consistent over the years,» Reserve Bank of India (RBI) Governor Shaktikanta Das said at a recent media event. «Our exchange rate regime is market-determined and RBI does not target any level or band of the exchange rate.»
22.11 / 19:35
markets
UPS
Digital
Strategy
awards
Experts
PAM
Adani's green plans may face a funding squeeze
Adani Group's ambitious plan to invest more than $100 billion (~₹85,000 crore) in the energy transition business and scale up its renewable energy operations over the next decade could face delays following the indictment of the conglomerate and its founder-chairman Gautam Adani by the US Department of Justice and the Securities and Exchange Commission, according to analysts. The majority of the investment is geared towards building facilities to manufacture electrolysers for producing green hydrogen, wind power turbines, and solar panels, besides establishing solar parks. Adani Group's renewable energy arm Adani Green Energy (AGEL), also India's largest renewable energy company, follows a debt-fuelled growth model with a 70:30 debt-equity structure like most peers.
22.11 / 19:35
markets
Digital
Strategy
Trade
Experts
rights
Investigations
US trade body to investigate alleged Adani solar IPR violations
Adani Solar USA and Adani Green Energy Ltd India based on a complaint filed by a Chinese firm about alleged violations of its patents on solar cells, modules, panels, components and products made from such components. The United States International Trade Commission (USITC), earlier this month, said that an «investigation be instituted to determine whether there is a violation… of section 337 in the importation into the US, the sale for importation, or the sale within the US after importation of certain products identified… in infringement of one or more… patent and claims». The complaint, filed by Chinese photovoltaics company Trina Solar in September, claimed that an industry in the US exists or is in the process of being established. Besides the Adani companies, various firms of Chinese solar module maker Runergy will be investigated for the alleged infringement of intellectual property rights.
22.11 / 18:41
markets
UPS
Target
Progressive
Strategy
economy
track
Unilever to double down on India under new strategic shift
Subscribe to enjoy similar stories. Unilever said it will put India at the center of its new business strategy as it aims to benefit from increasing consumption in one of the world’s fastest-growing economies. In an event with investors, Chief Executive Hein Schumacher on Friday said India is the best opportunity for Unilever over the next couple of years and will be the key for all its group businesses.
22.11 / 18:15
markets
Digital
Booking
Strategy
Experts
audience
gatherings
A Festschrift for Delhi's prime chronicler
Narayani Gupta gathered where else but at the India International Centre for the release of a Festschrift on her. It is a measure of the calibre of the audience that most of them knew the meaning of that Germanic word so beloved of academics and applauded appreciatively as the book was unveiled. For the uninitiated, a Festschrift, literally 'celebration writing', is a collection of essays published in honour of a scholar and presented to them at a landmark event such as retirement or birthday. As the contributors are usually that scholar's peers and friends, such volumes are also called liber amicorum or 'book of friends'. It inevitably has a virtual avatar nowadays too called Webfestschrift, and if published after a scholar's death the compilation is called a Gedenkschrift. The Germanic overtone notwithstanding, Festschrifts are fairly commonplace in academic circles around the world, although initially there were more of these for luminaries in the field of sciences rather than humanities. Now such epistolary toasts are routinely brought out on poets and legal eagles (in India, Keki Daruwala and Nani Palkhivala come to mind), administrators and conservationists, economists and librarians, diplomats and theologians, even journalists.
22.11 / 18:15
markets
Digital
Strategy
Mobile
awards
Experts
Reliance Jio
Mobile broadband base dips after two years amid Reliance Jio user losses
Reliance Jio's heavy 4G and 5G user losses following recent tariff hikes triggered a sharp fall in India's mobile broadband user base in September — the first decline after two years of steady growth since the launch of 5G services in October 2022. India's 4G-cum-5G user base plunged by a record 5.6 million in September, shrinking the nation's mobile broadband user base to 901 million, latest subscriber data collated by Trai showed. This user base had earlier risen from 790 million in October 2022 to around 906 million in August 2024. According to Trai data, Jio lost 8 million 4G/5G users in September while Airtel and Vodafone Idea added 0.4 million mobile broadband users each. State-run Bharat Sanchar Nigam Ltd (BSNL), which did not raise prices, added 1.5 million such users.
22.11 / 18:15
markets
Digital
Strategy
Align
community
love
Experts
Yagna: An Indian Ikigai
Ikigai, the Japanese way of living that involves finding your life's purpose. It seems like a simple Venn diagram where you constantly seek the intersection of what you are good at, what you enjoy doing, what makes you money and what the world needs. It helps you discover your passion, your mission, your profession and your vocation, and if all these things align, you live the perfect life-or at least that's how it has been presented.
22.11 / 17:47
markets
Citizens
Sustainability
Diversity
country
innovations
International
Rx to be a global corporate citizen
Adani controversy will serve as a marker for India Inc's global aspirations that could run afoul of imperfectly harmonised regulations and variance in law enforcement. Businesses operating within acceptable tolerance levels in individual jurisdictions will have to craft corporate governance standards that clear the highest available threshold. Having a global footprint involves best-in-class innovation, entrepreneurship and governance to gain access to markets and capital.
22.11 / 17:47
markets
Digital
Progressive
Research
Experts
innovations
India, take a deeptech breath
India Energy Week, which will have its third edition in February, began in 2023 as a novel initiative to leverage India's increasing prominence in the global energy landscape through collaborative dialogue. Startups especially made their presence felt in the first two editions with their inventive solutions. In green hydrogen (GH), some PSUs showcased new electrolyser technologies, even as startups have reached out to GoI to demonstrate their membrane-less electrolyser tech. Other firms have focused on building carbon capture, utilisation and storage (CCUS) technologies, including direct air capture and enhanced oil recovery methods. Much progress has been made in advanced battery storage solutions, including solid-state batteries, lithium-ion improvements and flow batteries, which promise better efficiency, longevity and reduced costs. All major oil and gas MNCs have their GCCs in India, where Indian engineers are conducting cutting-edge design, engineering, data processing and decision analytics for major drilling operations, refinery operations and seismic data processing globally. A gradual journey of reforms and schemes to promote the entrepreneurial spirit has resulted in a tech boom, India's reputation as 'IT nation' giving way to that of a 'deeptech hub'.
22.11 / 17:47
markets
Citi
Target
Action
Strategy
show
blues
How Delhi can learn from Beijing & London to combat air pollution
As a Tsinghua University graduate student in Beijing, I couldn't help but reflect on how the city had faced a similar crisis not too long ago. Its infamous 'airpocalypse' seemed overwhelming. Yet, Beijing transformed its skies from grey to blue, setting a compelling blueprint for reform. Cities like Beijing — and London — have shown that with political will, change is possible. Beijing reduced PM2.5 levels by over 50% between 2013 and 2017. A 3-year action plan, 'Blue Sky War', targeted pollution at its source. Coal consumption was reduced through cleaner natural gas, shutting down coal-fired plants and relocating polluting industries. Stricter emission standards were enforced for vehicles and factories, alongside aggressive EV promotion and public transport subsidies.
22.11 / 17:47
Provident
Oscar
Pride
country
song
Say it with pride: 'Burned in the USA!'
Bribery being what it is in our collective consciousness — a nudge-nudge wink-wink lubricant — the American accusation against one of India's biggest corporate names has provided, along with the standard 'Oh dear' response, the quieter, 'Heh heh, finally, we've made it to the big league!' reaction. The mega-charge joins the more obviously proud ranks of Indian movies like RRR getting Oscar applause and people of our 'mulk' gaining positions of corporate and political power in foreign countries (read: the US).
22.11 / 16:01
UPS
trends
performer
Features
Best IFB Front Load Washing Machines in India: Top 9 options that will give you cleaner and sparkling laundry
Reasons to buyReasons to avoidThe IFB Automatic SERENA GXN 7012 is a 7 kg front load washing machine with a 1400 RPM spin speed. It features 14 wash programs and a crescent moon drum for gentle fabric care.Reasons to buyReasons to avoidThe IFB ELENA SXS 6510 Comprehensive is a 6.5 kg front load washing machine with a 1000 RPM spin speed.
22.11 / 16:01
Provident
security
Apple
Software
performer
recommendations
Updates
Indian govt. issues critical warning for THESE Apple users: How to protect your device
CERT-In emphasises the urgency of updating to the latest software to mitigate these risks. According to the advisory, the vulnerabilities could allow attackers to execute arbitrary code or conduct Cross-Site Scripting (XSS) attacks on affected devices.The organisation has specifically identified the impacted versions as Apple iOS and iPadOS versions prior to 18.1.1 and 17.7.2, macOS versions prior to 15.1.1, Vision OS versions prior to 2.1.1, and Safari versions prior to 18.1.1.
22.11 / 16:01
Provident
Aware
Enterprise
awards
cover
inclusion
2020
Govt may extend legal cover to medium enterprises to help with payment delays from clients
Subscribe to enjoy similar stories. The government is likely to consider including medium enterprises for the protection granted under the MSME Development (MSMED) Act, 2006, to resolve payment disputes. MSME stands for micro, small, and medium enterprises.
22.11 / 15:57
markets
Digital
Strategy
awards
Experts
PAM
Indian cenbank asks lenders to cut speculative bets against rupee, sources say
Indian central bank, in a rare move, instructed some banks to cut their long positions on the dollar-rupee pair on Friday, seeking to reduce speculative bets on the local currency, which is at a record low, four bankers directly familiar with the development told Reuters. The rupee weakened to a record low of 84.5075 per U.S. dollar earlier in the day, pressured by portfolio outflows and a stronger greenback. Foreign investors have sold a net of $3.1 billion in Indian equities so far in November, after selling a record $11.2 billion in October, putting pressure on the rupee. On Thursday, after U.S. prosecutors indicted Adani Group's billionaire founder, Gautam Adani, over alleged bribery and fraud, foreign investors sold $600 million. Provisional data suggests selling continued on Friday, with net sales of $150 million.
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