India Financial News
20.11 / 10:25
Provident
performer
classical
rock
Features
Sporting
athletics
Best Gym leggings for women to feel comfortable and effortless movement
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20.11 / 10:25
Career
composer
performer
social
musician
bassist
AR Rahman and Mohini Dey: Two breakups on same day. Who is she and what is the connection?
Mohini Dey revealed her separation from her husband, Mark. The announcement coincided with news of Oscar-winning composer AR Rahman’s divorce from his wife, Saira Banu, after 29 years of marriage. AR Rahman and Mohini Dey have also worked together. Mohini Dey in a social media post expressed the decision to split from her husband Mark Hartsuch as a mutual and amicable understanding between the two. Dey acknowledged the emotional weight of the announcement but emphasized the shared resolve to pursue different paths in life. Despite parting ways as a couple, the duo remains committed to their professional collaborations, including ongoing projects like MaMoGi and the Mohini Dey groups, she said. Dey assured her supporters that their creative synergy would not be impacted by the separation. She expressed gratitude for the love and support she has received from her community and urged everyone to approach the news with understanding and positivity.
20.11 / 10:25
markets
Strategy
awards
AVP
reports
Equity investments in Indian real estate may rise 49% to record USD 11 billion this year: CII-CBRE
Equity investments in Indian real estate may rise 49 per cent to USD 11 billion this calendar year amid strong demand for properties, according to CII and CBRE. In 2023 calendar year, the equity investments in real estate stood at USD 7.4 billion. Industry body CII and real estate consultant CBRE on Wednesday released a joint report titled 'Leading the Charge: Crafting the Skylines of Tomorrow' at the annual CII Realty 2024 conclave. Equity capital inflows touched USD 8.9 billion between January and September, registering a 46 per cent year-on-year growth.
20.11 / 09:37
markets
Target
Strategy
Opinion
Food
shock
Headlines
Delhi versus Mumbai: How the interest rate battle is playing out
Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided in its meeting held last month to keep the policy rate unchanged for the tenth consecutive time. In April last year, the MPC stopped its rate-hike cycle by retaining the key lending rate at 6.5 per cent. The RBI had hiked rates six times in a row before it decided to pause in April last year. The impact of those rate hikes was not believed to have percolated to the ground by then. As inflation seemed to be coming under control in recent months, expectations about a rate cut grew. Though the RBI changed the stance to 'neutral' from the earlier 'withdrawal of accommodation' unanimously, it retained the key rate at 6.5%. in its last meeting in October due to high inflation. The inflation further touched a 14-month high at 6.2% for October, led by a spike in vegetable prices. It is above the RBI's mandate of 4% with a tolerance band of 2 percentage points on either side. Now, many expect the RBI to cut rates in February next year, instead of earlier expectations of a rate cut in December.
20.11 / 09:37
markets
security
Strategy
Sustainability
AVP
Schools
NFO Alert: Franklin Templeton Mutual Fund launches long-duration fund
Franklin Templeton Mutual Fund has launched the Franklin India Long Duration Fund, an open-ended debt scheme that invests in instruments such that the Macaulay Duration of the portfolio is greater than seven years. The New Fund Offer (NFO) for the scheme is open for subscription and will close on December 4. The investment objective of the scheme is to generate returns by investing in debt and money market instruments, ensuring the Macaulay duration of the portfolio exceeds seven years.
20.11 / 09:37
markets
Provident
Manufacturing
Assurant
Strategy
Hallmark
22K gold rates today: Check gold jewellery rates of Malabar Gold, Joyalukkas, Kalyan Jewellers, Tanishq
hallmarked jewellery provides a third-party assurance of the purity of gold for the quoted price.
20.11 / 09:37
20.11 / 09:37
markets
Google
CEO
Platform
awards
AVP
NoBroker's billion-dollar ascent, from physical threats to unicorn status
NoBroker, the online real estate platform, faced significant obstacles in its early days, including physical threats from traditional brokers angered by the company's disruptive business model, CEO Amit Kumar Agarwal revealed at the Technovate for India program in Bengaluru. In 2015, a group of brokers attacked NoBroker's office, assaulting employees and attempting to force their way into the building. This incident, Agarwal shared, forced the company to relocate overnight and keep their office locations unlisted on Google Maps for safety. Despite these challenges, NoBroker has grown significantly, now boasting a valuation of over $1 billion. “We’ve gone from zero to over 30 mn cumulative users and now add half a million new customers every year,” stated Agarwal at the event, organized by The Times of India and Talrop.
20.11 / 09:37
markets
UPS
band
performer
pop
musician
Shillong’s home-grown beats at Cherry Blossom Festival 2024: MGMP and the state’s music economy
Chammak Challo (with Hamsika Iyer), the global hip-hop star headlined day one. In Shillong as part of his SuperFan Tour, he was traditionally welcomed by Meghalaya’s Khasi Seng Community. Keeping up the tempo but hitting the note of nostalgia was the legendary Boney M group’s live performance. The cherry on the top was the fact this was the R&B band’s Farewell Tour. In a breathtaking moment, in the misty late-night air, international pop sensation Lucas took to the stage as well, with Indian singer-songwriter Jasleen Royal closing day one with great fervour. Earlier, Queen Sensation (a global Queen tribute band) paid homage to the Freddie-Mercury led rock band. However, day one would have been incomplete without the performances of Shillong’s iconic blues-rock band, The Great Society, and household names Jessie Lyngdoh and Rito Riba. On day two,Meghalaya’s home-grown music stars, including Khasi Bloodz and SK Korn, added distinctive tones, showcasing musical diversity and representing local talent. Indeed, it is this representation of local voices that was an undertone of the festival and its boundless energy and spirit, which DoNER Minister Shri Jyotiraditya Scindia recognised as unmatched in India, referring to Meghalaya as the “music capital of the country.” He lauded the efforts of the government and the people of Meghalaya, saying, “Hats off to Conrad; hats off to you all (the people of Meghalaya)”.
20.11 / 09:37
markets
JPMorgan
Strategy
Enterprise
President
voice
reports
Why Donald Trump's win is good news for Indian IT firms, says India's 3rd largest tech co's boss Rishad Premji
Wipro Executive Chairman Rishad Premji has voiced optimism about the potential impact of Donald Trump’s return to the US presidency on India’s IT services sector. Speaking at an event in Bengaluru on November 19, Premji stated that Trump’s policies, which he described as «pro-business and pro-growth,» would benefit the technology services industry both in India and globally. «The government is very pro-business and pro-growth, which helps all of our customers, ultimately benefiting partners here in India and worldwide,» Premji said, highlighting the potential for tax cuts and deregulation to positively influence business activities. This optimistic outlook follows a period of uncertainty for India’s IT companies, many of which have faced challenges as clients reduced spending on discretionary projects due to ongoing macroeconomic issues and inflationary pressures. Premji suggested that Trump's focus on corporate tax reductions and easing business regulations could help stimulate customer spending and contribute to growth in the sector.
20.11 / 08:59
UPS
Strategy
Fallout
Experts
performer
reports
cricket
IPL auction 2025: KL Rahul to Shreyas Iyer, 5 Indian batters in focus
As teams gear up for the IPL 2025 mega auction, selecting the right Indian batters will be critical. While consistency is key, in T20 cricket, even a quickfire 20-30 runs off 10 deliveries can tilt the game. Teams will likely be on the lookout for players who may not be technically perfect but can hit the ball out of the park at will — the hallmark of T20 cricket. Here’s a look at five Indian batters who are likely to be highly sought after in the IPL auction: KL Rahul
20.11 / 08:59
awards
WhatsApp
JSW Group chairman says govt studying request for temporary tax on China steel dumping
JSW Group said India's steel and finance ministries are studying request for temporary tax on China steel dumping, chairman Sajjan Jindal said on the sidelines of an industry event. «They are studying it, they are looking at it favorably, that's all I hope. The process is on consultation with user industry. We haven't heard back (from the ministries) yet,» Jindal said.
20.11 / 08:33
UPS
Apple
Xiaomi
performer
Features
Updates
Redmi A4 5G with Snapdragon 4 Gen 2 launched in India: Know what it has to offer
Also read: iPhone 17 performance to get a BIG boost- Details of what Apple is planning nextThe Redmi A4 5G features a 6.88-inch HD+ LCD display with a 120Hz refresh rate and up to 600 nits peak brightness. The smartphone is powered by the new Snapdragon 4 Gen 2 chipset paired with 4GB LPDDR4X RAM and up to 128GB UFS 2.2 storage. It also provided an expanded storage of 1TB with a MicroSD card.
20.11 / 08:33
Progressive
Career
Assurant
Food
wellness
reports
recommendations
Another pay commission? The government should hold its horses
Subscribe to enjoy similar stories. Recently, there have been news reports in India hinting at the possibility of a new Pay Commission. The basis of these stories is a memorandum submitted by the staff side of the National Council of the Joint Consultative Machinery to the new cabinet secretary and finance secretary, requesting the prompt establishment of the 8th Pay Commission, the rationale for this demand being that it has been 10 years since the last one.
20.11 / 08:33
markets
UPS
Aware
wellness
pandemic
Cycling
social
Planning to retire with an equity-heavy portfolio? History warns against it.
Subscribe to enjoy similar stories. The past few weeks have been tough for the Indian markets. While a 10% fall in indices isn’t unusual, the frequency of such falls has fallen significantly since the pandemic and as a result, new investors are learning lessons that old timers have known for years.
20.11 / 07:47
markets
Progressive
security
inclusion
Schools
International
UNSC stuck in 1945, neighbors' fear blocking global security council's expansion, says India
United Nations Security Council (UNSC), emphasising the Council’s outdated structure, which no longer reflects modern global realities. Speaking at Columbia University's School of International and Public Affairs, India’s Permanent Representative to the UN, Ambassador Parvathaneni Harish, stated, «The Security Council structure, as it stands today, is a reflection of 1945. It does not reflect today's realities.» Harish, delivering a keynote address titled Responding to Key Global Challenges: The India Way, underscored that the current framework hinders the UNSC’s ability to tackle pressing issues effectively.
20.11 / 07:47
20.11 / 07:47
markets
Man
Strategy
Experts
Justice
reports
Courts
FBI now issues wanted posters of Pannun murder plot accused Vikas Yadav in Punjbabi, Hindi
Khalistani terrorist Gurpatwant Singh Pannun, was already listed under the «wanted» section on the FBI website in English. However, Indian authorities clarified that Yadav is not absconding—he was jailed for alleged robbery and is currently out on bail. The FBI's intensified interest in Yadav comes amidst rumors circulated by Pannun’s organization, Sikhs for Justice (SFJ), suggesting Yadav may be in Haryana or Punjab. Yadav is facing charges in a New York court for his alleged role in the Pannun murder-for-hire plot. The FBI has already arrested Nikhil Gupta, an Indian-origin man accused of working with an undercover officer and a DEA informant to orchestrate the killing.
20.11 / 07:35
markets
Analysis
trends
Trade
show
performer
ETMarkets Smart Talk: Domestic investors driving India's market stability amid Rs 1.3 lakh crore FII sell-off
SIP contributions reaching a record Rs 25,000 crore. There is a growing influence of domestic investors in our market,” says Manish Jain, Managing Director, Bajaj Broking. In an interview with ETMarkets, Jain said: “With India's economic growth remaining robust at around 7% annually, this pullback presents an opportunity for investors to strengthen their portfolios.” Edited excerpts:
20.11 / 07:35
markets
Strategy
Metro
awards
country
electronic
Acer opens flagship retail store in Ahmedabad
The company will also be opening a second such flagship store in Bengaluru later this week, with plans to open 25 more such stores across the country by next year, chief business officer Sudhir Goel told ET. Goel said Acer is the first IT hardware company to open a store encompassing products across both IT and non-IT categories. “Let’s say when a family walks into the store for an experience of IT products, they can also see the variety of consumer electronics which are in high demand. That’s the concept behind the store in Ahmedabad. We will be opening a second one in Bengaluru on Friday,” Goel said.
20.11 / 07:35
markets
UPS
Strategy
Election
awards
show
India's Q2 economic growth likely took a hit from heavy rains and corporate struggles: ICRA
ICRA. This moderation is attributed to challenges such as heavy monsoon rains and weaker corporate margins, which offset the positive effects of increased government capital expenditure and a strong kharif sowing season. Gross Value Added (GVA) is also expected to see a marginal dip, with growth estimated at 6.6% in Q2 FY2025, compared with 6.8% in Q1 FY2025. “Q2 FY2025 saw tailwinds in terms of a pick-up in capex after the Parliamentary Elections as well as healthy expansion in sowing of major kharif crops. However, sectors faced headwinds due to heavy rainfall and weak margins. We project a slight dip in India’s GVA and GDP growth in Q2 FY2025 to 6.6% and 6.5%, respectively,” Aditi Nayar, Chief Economist at ICRA, write in a note. Government capital expenditure showed a promising recovery in Q2 FY2025, rising by 10.3% YoY to ₹2.3 trillion, reversing the sharp 35% contraction witnessed in Q1 FY2025. This rebound was led by key infrastructure-focused ministries such as the Ministry of Road Transport and Highways and the Ministry of Railways, which posted growth rates of 41.7% and 8.0%, respectively. However, the pace of state government spending remained muted, with the combined capital outlay and net lending of 22 states increasing by only 2.1% YoY in the quarter.
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