India Financial News

Indian Oil Corporation Ltd. traded 0.0 per cent at Rs 134.80 at 12:52PM (IST) on Monday, even as BSE benchmark Sensex 27.63 points to 77552.68. The stock had settled at Rs 134.80 in the previous session. The stock quoted a 52-week high price of Rs 196.80 and 52-week low of Rs 99.20, respectively. As per BSE data, total traded volume on the counter till 12:52PM (IST) stood at 699774 shares with a turnover of Rs 9.39 crore.

LTTS) on Monday announced a strategic partnership with the Colorado Smart Cities Alliance (CSCA) to build smart city development projects across the state of Colorado integrating innovation and technology. The financial details of the deal was not disclosed. “The collaboration will leverage LTTS' cutting-edge engineering expertise to advance CSCA's mission of fostering smart city solutions that improve urban living and create sustainable ecosystems. Through the collaboration of resources and expertise, both organisations aim to foster sustainable, efficient, and technologically advanced communities,” LTTS said in a regulatory filing.

Public Distribution System (PDS) never reach their intended beneficiaries and the economic loss to the exchequer is forecast at over ₹69,000 crore annually, a new report by the Indian Council for Research on International Economic Relations (ICRIER) has revealed. The analysis indicates that around 20 million tonnes of rice and wheat, meant to feed 814 million people under government programs, are either diverted to the open market or exported. «This is an annual loss. Where is it going? Maybe it is being diverted to the open market or even for exports,» said Ashok Gulati, Infosys Chair Professor at ICRIER and one of the authors of the policy brief, along with Raya Das and Ranjana Roy. The report draws on data from the Household Consumption Expenditure Survey (HCES) and the Food Corporation of India’s (FCI) monthly offtake figures from August 2022 to July 2023. It highlights that despite improvements, the leakage of subsidised grains remains substantial, causing both financial and logistical strain.

ousted former Prime Minister Sheikh Hasina and her close aides who face charges of crimes against humanity after hundreds of people were killed in a mass uprising this summer. Golam Mortuza Majumdar, the head judge of the three-member International Crimes Tribunal, set Dec 17 for investigators to finish their work, as the tribunal heard updates Monday from police about what the country's security agencies have done to arrest Hasina and her close aides. The decision came after prosecutors sought more time for the investigation. Hasina has been living in exile in India since Aug 5 when she fled the country amid the student-led protests. The Dhaka-based International Crimes Tribunal on Oct. 17 issued arrest warrants for Hasina and 45 others including former Cabinet ministers, advisors and military and civil officials. The country is now being run by an interim government headed by Nobel Peace laureate Muhammad Yunus.

long-range hypersonic missile. The missile was launched from Dr. APJ Abdul Kalam Island, off the coast of Odisha. It has been designed to carry various payloads and boasts a range exceeding 1,500 kilometers, making it a critical addition to India’s defence arsenal. Defence Minister Rajnath Singh highlighted the achievement, stating on X (formerly Twitter), “India has achieved a major milestone by successfully conducting the flight trial of a long-range hypersonic missile from Dr APJ Abdul Kalam Island, off the coast of Odisha. This is a historic moment, and this significant achievement has put our country in the group of select nations having capabilities of such critical and advanced military technologies.” The missile was developed indigenously by DRDO’s Dr. APJ Abdul Kalam Missile Complex, Hyderabad, in collaboration with several other DRDO labs and industry partners.

Subscribe to enjoy similar stories. India’s GDP growth of 8.2% in 2023-24, amid global headwinds and market volatility, is more than just an economic indicator. It represents our nation’s resilience and readiness for transformation.

Subscribe to enjoy similar stories. The return of Donald Trump to the US presidency has raised fears worldwide of a trade war. Throughout his campaign, Trump vowed to raise tariffs on US imports, arguing that cheap imports were threatening American jobs.

These measures are part of the Insurance Amendment Bill, which is set to be tabled during the upcoming winter session of Parliament. The move aligns with the government’s broader goal of achieving "Insurance for All by 2047," a vision recently emphasised by Insurance Regulatory and Development Authority of India (Irdai) chairman Debasish Panda.

international students in the United States, according to the latest Open Doors Report on International Educational Exchange. During the 2023-2024 academic year, over 331,602 Indian students pursued higher education at US institutions, representing a significant 23% jump from the previous year. This increase was primarily driven by graduate student enrollment, which saw a 19% rise to reach 196,567 students. The report also highlights a significant 41% increase in Indian students participating in Optional Practical Training (OPT) after graduation, reaching a total of 97,556. “The experience of studying in the United States not only shapes the lives of individuals, but the future of our interconnected world,” said Scott Weinhold, senior bureau official for the Department of State Bureau of Educational and Cultural Affairs. “The ties formed between US and international students today are the basis of relationships for future business and trade, science and innovation, and government relations.”

Garuda Aerospace on Monday said its agri-drone fleet has achieved one million flight hours in the past year, marking a significant advance in the country's adoption of drone technology in farming. The company's 2,000-strong fleet of agricultural drones has been operating at a rate of one deployment every two minutes, the company said, supporting farmers across India with precision agriculture and crop monitoring services. The company's Agri Kisan Drone program provides precision farming services, including targeted pesticide spraying and crop monitoring. Garuda holds six DGCA approvals and operates under government initiatives including the NAMO Drone Didi Program.

Ajay Srivastava, CEO, Dimensions Corporate, says, three segments – appliances, hotels, aviation – will directly see improved consumption. I am not sure capex companies are going to see a major uplift for the simple reason that government spending has to kick in and that is where the bigger problem lies. The government is not spending money for the right reasons like fiscal deficit, etc, So, capex companies will have a little longer winter than the consumer companies. It has been a tumultuous market. Nobody expected the US market to bounce back the way it did. Nobody expected Indian markets to correct the way it has. Where are we headed? Will the entire grind continue? Are we in for a long winter? Ajay Srivastava: Oh, no, not at all. Let us be honest. At the end of the day, when the market goes up, the whole world says it will keep going up. When it starts to go down, the theory is everyone says, you know what, underperformance continues, we will do badly and so on. We got caught and it is strange that people never thought that September would be a bad month in the economic cycle of India, given elections were just finished and the consumption cycle would change from October because that is the festive season. It will reverse itself. You will find earning surprises for this quarter.

Tube Investments of India Ltd. 0.34 per cent to Rs 3455.95 in Monday's trade as of 12:36PM (IST) even as the benchmark Nifty ruled at 23538.0, 5.3 points. The scrip had closed at Rs 3444.00 in the previous session. The stock quoted a 52-week low of Rs 3130.50 and a high of Rs 4807.05. The company quoted a market-cap of Rs 66409.54 crore on the BSE.

Samunnati announced a partnership with Northern Farmers Mega FPO on Monday, aiming to strengthen sustainable farming practices and improve market access for farmers across northern India. The partnership will connect over 50 Farmer Producer Organizations (FPOs) with enhanced access to inputs, technology services, credit, and investment opportunities, it said in a statement. A key initiative under the collaboration focuses on converting paddy straw waste into clean energy alternatives, including compressed biogas and biomass pellets, addressing the region's persistent stubble-burning pollution issues. «This collaboration is a step toward building a sustainable and economically viable ecosystem for farmers,» Chennai-based Samunnati Founder and CEO Anil Kumar SG said.

Subscribe to enjoy similar stories. Early this month, the seat of the Roman Catholic church--the Vatican, which has been blending tradition with science and cutting-edge tech for decades, unveiled an artificial intelligence (AI)-powered digital twin of St.

Subscribe to enjoy similar stories. In October 2024, when the theme surrounding switchgear stocks was just picking up, we wrote about the top companies involved in the industry. We discussed growth prospects of key companies such as HPL Electric & Power Ltd, Voltamp Transformers Ld, among others, and what the future holds in store for them.

The leaders of Nigeria and India have pledged stronger ties in maritime security and counterterrorism during Prime Minister Narendra Modi first visit to Nigeria

«We want to know what action government has taken. You will not go below stage 3 without our permission now even if it even if AQI goes below 450 stage four will continue, that's the order we propose to pass. We will hear at the end of the board,» reported Livelaw quoting J Oka to Delhi Counsel. Authorities in India’s capital shut schools, halted construction and banned non-essential trucks from entering the city on Monday after air pollution shot up to its worst level this season.

Cummins India Ltd. rose 0.16 per cent to Rs 3323.10 in Monday's trade. It hit an intraday high of Rs 3356.20 and low of Rs 3267.50, respectively, during the day. The stock quoted a 52-week high price of Rs 4169.50 and low of Rs 1779.20.

Amazon India is moving its headquarters from the World Trade Centre in the northwest part of Bengaluru to a location close to the city’s airport in a bid to cut costs, according to a report by Mint. The ecommerce and cloud computing giant currently occupies half a million square feet of office space across 18 floors in a 30-floor building by Brigade Enterprises. Amazon’s new office is a 15-minute drive from the Bengaluru airport. It is likely to cost the company a third of the Rs 250 per square feet rent it paid in the WTC office. The relocation will begin in April and be completed by 2026, the report said.

Institute of Company Secretaries of India (ICSI) released the results for the Company Secretary Executive Entrance Test (CSEET) on Monday at 11 am. The exam took place on November 9 and 11, 2024. The institute stated, “The Result of the Company Secretary Executive Entrance Test (CSEET) held on 9th November 2024 and 11th November 2024 will be declared on Monday, 18th November 2024, at 11:00 AM. The result along with individual candidates’ subject-wise break-up of marks will be made available on the Institute’s website at www.icsi.edu.”

ELSS funds or tax-saving funds have turned Rs 10,000 monthly SIP to more than Rs 1 crore in the last 25 years. Only these seven ELSS funds have completed 25 years of existence in the market. SBI Long Term Equity Fund, the oldest ELSS fund, turned Rs 10,000 monthly SIP to Rs 5.66 crore in the last 25 years. The scheme gave an XIRR of 19.43% in the same period.