India Financial News

21.11 / 09:29
markets Strategy Election Experts show performer Maharashtra election: What exit poll results mean for parties in fray
After the close of voting, several exit polls backed the BJP-led alliance to dominate, while two suggested that the Maha Vikas Aghadi (MVA) coalition would go all the way. Some saw the BJP-led Mahayuti securing as high as 160 seats. Congress-led INDIA bloc is projected to get approximately 120 seats. The majority mark in the state is 145. In the 2019 Maharashtra assembly elections, BJP won 105 seats and its then ally Shiv Sena (undivided) 56. The NCP (undivided), which was part of the UPA, bagged 54 constituencies and Congress 44.
21.11 / 09:29
markets Provident security Strategy Sustainability awards Features BEML gets Rs 246.78 crore truck supply order from Central Coalfields
BEML on Thursday said it has secured an order worth Rs 246.78 crore from Central Coalfields Ltd (CCL) for the supply of rear dump trucks which are used in mining operations. As part of the order, BEML said it will supply 48 BH60M rear dump trucks, along with spares, and also provide after-sales service support. «BEML has secured a substantial order worth Rs 246.78 crore from Central Coalfields Limited (CCL),» it said. The trucks have been developed in-house with features like a 360-degree rear camera for comprehensive visibility and improved safety, an automatic fire suppression system for emergency preparedness, and an auto lube system to ensure seamless maintenance, BEML said in a statement.
21.11 / 09:29
markets Manufacturing Strategy awards electronic reports World's biggest solar deal at the centre of Adani's indictment
Adani Group, helmed by billionaire Gautam Adani, bounced back from the attack by American short-seller Hindenburg Research, which had accused it of stock manipulation and fraud, the conglomerate has suffered a massive hit as prosecutors in the United States charged Gautam Adani with helping drive a $250 million bribery scheme. Stocks of Adani Group companies fell up to 20% on Thursday after Adani and seven others faced charges in the US. Prosecutors have alleged that the group bribed Indian officials to secure solar energy contracts. The US prosecutors have charged Adani and others because they allege the defendants concealed the plan to pay more than $250 million in bribes to Indian government officials to win solar energy contracts as they sought to raise money from US investors. The mega Adani deal that has landed in controversy
21.11 / 09:29
markets Strategy Remark pandemic show Courts Sambit Patra slams Rahul Gandhi over press conference, refers to Adani allegations as political gimmicks
BJP national spokesperson Sambit Patra on Thursday hit back at Rahul Gandhi after the Congress leader demanded a probe into allegations against Gautam Adani and SEBI chairperson Madhabi Puri Buch. Patra dismissed Gandhi’s statements, claiming they were a repetition of past tactics to level unfounded allegations against BJP and Prime Minister Narendra Modi.
21.11 / 09:29
markets IPO security Parke Trade Wildlife hospital Jungle Camps India secures BSE SME nod for IPO, aims to raise Rs 30 crore
The offer will consist entirely of a fresh issuance of 40,86,400 equity shares, each with a face value of Rs 10, via the book-building route.
21.11 / 09:29
markets UPS Manufacturing Strategy Sustainability Hyundai Hyundai Motor India to set up 2 renewable energy plants at Chennai facility
Hyundai Motor India Ltd (HMIL) on Thursday said it will set up two renewable energy plants at its vehicle manufacturing unit in Tamil Nadu as part of the company's move to transition to 100 per cent renewable electricity across manufacturing operations by 2025. The company has signed a power purchase and shareholder agreement with Fourth Partner Energy Ltd (FPEL) for the purpose of setting up of a 75 MW solar plant and a 43 MW wind power plant to cater to its renewable energy requirements, Hyundai Motor India Ltd (HMIL) said in a statement. These facilities will operate under a group captive mode with a special purpose vehicle (SPV) formed for engineering, procurement, construction, operations and maintenance. HMIL will hold 26 per cent and FPEL will hold 74 per cent equity stake in the project, it added. This long-term agreement will ensure a 25-year supply of renewable energy to HMIL, the company said.
21.11 / 08:47
markets COST Provident Software wellness symphony reports Japan's Rakuten best on Open RAN, Gen AI solutions for India growth
Subscribe to enjoy similar stories. NEW DELHI : Japanese telecom and technology major Rakuten Group, Inc. expects growth from open radio access network (Open RAN) solutions it offers to telecom service providers in global markets, though some of its deals are yet to pan out in the Indian market.
21.11 / 08:47
COST Manufacturing Sustainability Food 2020 Department Updates Labelling standards: Impactful reforms can be delivered in small packages
Subscribe to enjoy similar stories. With the incoming Trump administration’s new Department of Government Efficiency under Elon Musk and Vivek Ramaswamy in the US, the issue of government efficacy is in focus. India has been steadily leading its own quiet revolution through rigorous process reforms, systematically streamlining governance and dismantling bureaucratic red tape.
21.11 / 08:33
markets Strategy Mobile awards Experts reports rowing Jio, Airtel, Vi continue to suffer customer losses for a third time
Reliance Jio, Bharti Airtel and Vodafone Idea—continued to suffer major customer losses for the third month in a row in September, even as state-run BSNL continued its addition spree, following the mobile tariffs hikes by the private telcos in early July. As per data released by Telecom Regulatory Authority of India (Trai) for the month of September, Jio lost 7.9 million wireless customers, followed by Vodafone Idea which saw a decline of 1.5 million wireless customers and Bharti Airtel lost 1.4 million wireless users. Bharat Sanchar Nigam Ltd (BSNL), was the only telco which added wireless customers in September as the state-run firm had not raised tariffs and is benefitting because users are shifting to the company. BSNL added 849,493 subscribers during the month. The three private telcos had raised mobile rates in the range of 11-25% in early July and these firms have been seeing their user base decline after that.
21.11 / 08:33
markets Strategy President Experts show Department Updates TMC MP questions 'involvement' of BJP government over bribery charges against Adani
Gautam Adani charged in an alleged bribery and fraud case in the US, Trinamool Congress MP Saket Gokhale on Thursday asked if the Narendra Modi-led government was involved in it. Gokhale said while markets were reacting to the news of the indictment, the government was «silent» on the issue. Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts. The BJP, reacting to Congress's attack on the issue, questioned the timing of the development, as it came just before the start of the Parliament session and Donald Trump's impending presidency. All the states mentioned in the indictment where government officials were paid bribes allegedly by the Adani Group were Opposition-ruled during that time, BJP's IT department head Amit Malviya said.
21.11 / 08:19
Provident Waters trends performer blues stars Features Best kitchen geysers in India: Top 6 options from Bajaj, Racold and others for instant hot water supply at home
Reasons to buyReasons to avoidThe Racold Pronto Vertical Instant Water Heater is a 3-litre capacity geyser designed for vertical installation. It provides instant hot water and features a high-power heating element for quick heating.
21.11 / 08:19
markets COST IPO Manufacturing show shock Waaree Energies earnings: A reality check as listing euphoria fades
Subscribe to enjoy similar stories. The half-year ended (H1FY25) earnings of recently listed Waaree Energies Ltd, the largest solar module manufacturer in India, came as a rude shock to investors. The stock fell 10.5% since results were announced on 18 November.
21.11 / 08:19
Google Strategy Sony reports Features Updates International iQOO 13 launch on December 3: Specs, camera, price and all details
Also read: Google has kept a ‘lid’ on internal comms through concealment strategies amid antitrust fears, report saysThe company confirmed that the iQOO 13 will feature a Q10 LTPO AMOLED display with a 144Hz refresh rate and 2K resolution. The smartphone will come with a triple-camera setup consisting of a 50MP main camera with a Sony IMX 921 sensor, a 50MP Sony portrait sensor and a 50MP ultra-wide camera. On the front, it will feature a 32MP selfie camera.
21.11 / 06:25
Citi Waves Art country 2020 International Profiles Prabhavathi Meppayil: An artistic practice that defies genres
Subscribe to enjoy similar stories. Coinciding with the recently held Art Mumbai, Jhaveri Contemporary opened Prabhavathi Meppayil’s eponymous first solo exhibition in Mumbai after 17 years. While Bengaluru-based Meppayil has kept a relatively low profile in her own country, she has been making waves internationally over the years.
21.11 / 06:25
Citi Provident Experts inclusion information Updates Govt may include e-commerce data, expand coverage to improve calculation of retail inflation
Subscribe to enjoy similar stories. New Delhi: The government has proposed changes such as the inclusion of e-commerce data to prepare a new base year for the Consumer Price Index (CPI) as part of a broader initiative to better reflect contemporary consumer spending patterns. The planned changes include leveraging modern data collection techniques such as sourcing price information from e-commerce platforms, expanding coverage beyond the major cities and relying on privately rented dwellings to calculate housing rents, according to a presentation by the ministry of statistics and programme implementation on Wednesday.
21.11 / 04:23
CEO Assurant security Charity social donates rights What if other companies follow Zomato? Deepinder Goyal grilled after his 'pay Rs 20 lakh to work' job posting
Chief of Staff position, sparking widespread criticism online. The posting shared on Goyal's X account, specified that candidates would need to pay Rs 20 lakh for the first year of the role, with no salary offered during this period. The Rs 20 lakh payment, however, would be directed as a donation to Feeding India, Zomato’s non-profit initiative. Additionally, Zomato pledged to contribute Rs 50 lakh to a chosen charity by the candidate.
21.11 / 04:23
markets Progressive Action Strategy Experts testing patient OneCell Diagnostics raises $16 million in round led by Celesta Capital, others
OneCell Diagnostics raised $16 million in an oversubscribed series A funding round led by Celesta Capital. Other participants in the funding round included Tenacity Ventures, Cedars Sinai, Eragon, and Singularity Ventures. The company, which has developed cutting-edge technology for precision oncology liquid biopsy diagnostics and is headquartered in India and Silicon Valley, said the funding will be used to advance its vision of democratising precision oncology through cancer diagnostic testing that is more accessible, actionable, and affordable.
21.11 / 04:23
Citi Provident Analysis awards Trade Experts cover Bharti Airtel shares in focus as co awards multi-billion extension deal to Nokia
Shares of Bharti Airtel are likely to remain in focus today as the company has awarded a multi-year, multi-billion deal to the Finnish telecom gear supplier Nokia to deploy 4G and 5G equipment across key Indian cities and states. “Nokia has been awarded a multi-year, multi-billion extension deal by Bharti Airtel (‘Airtel’) to deploy 4G and 5G equipment across key Indian cities and states,” said the company filing to the exchanges.
21.11 / 04:23
markets UPS Target Analysis Trade Experts reports Buy Suzlon Energy, target price Rs 68: Geojit Financial Services
buy call on Suzlon Energy with a target price of Rs 68. The current market price of Suzlon Energy Ltd. is Rs 62.35. Suzlon Energy Ltd., incorporated in 1995, is a Small Cap company with a market cap of Rs 84951.61 crore, operating in the Power sector. Suzlon Energy's key products/revenue segments include Wind Turbine Generator, Sale of services, Other Operating Revenue, Scrap for the year ending 31-Mar-2023.
21.11 / 04:23
markets Digital Food Trade Experts AGRO PAM India, Trinidad and Tobago strengthen ties with MoU exchange during India-CARICOM summit
Trinidad and Tobago, on Thursday signed a Memorandum of Understanding (MoU) in the presence of Indian Prime Minister Narendra Modi and Trinidad and Tobago Prime Minister Keith Rowley. This event took place during the 2nd India-CARICOM Summit, which marked the final stage of PM Modi's three-nation tour. Meanwhile, PM Modi also held talks with PM Rowley on the sidelines of the summit. In a post on X, PM Modi mentioned that the two leaders discussed how to diversify trade relations between India and Trinidad and Tobago.
21.11 / 04:23
markets Strategy community pandemic Experts PM Modi holds bilateral talks with Dominica PM Roosevelt Skerrit in Georgetown
Narendra Modi met with the Prime Minister of the Commonwealth of Dominica, Roosevelt Skerrit, for a bilateral discussion in Georgetown, Guyana. The meeting, held during PM Modi's visit to Guyana, is part of India's ongoing engagement with Caribbean nations to strengthen ties and foster cooperation. India and the Commonwealth of Dominica have enjoyed traditionally cordial bilateral relations since the establishment of diplomatic ties in 1981. While Dominica does not maintain a diplomatic mission in India, it is concurrently accredited to India's mission in Port of Spain.

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