India Financial News

Elon Musk’s X is lagging in influencer marketing in India despite taking several steps to promote influencers and drive content-led engagement since the billionaire’s $44-billion acquisition of the microblogging platform in 2022, social media experts said. Sreeram Reddy Vanga, chief executive of Nazara Technologies-backed adtech influencer platform Kofluence, said X (formerly Twitter) has plenty of “untapped potential” when it comes to influencer marketing. “The strength of X lies in real-time conversations and trending topics, which can be powerful for brands when used correctly,” he said. “Current estimates indicate that creators might earn around $2 to $3 per month from this programme, which is modest but highlights a clear area for improvement, which X has acknowledged.”

Subscribe to enjoy similar stories. Colonel Hannibal Smith in the Hollywood blockbuster film A Team would often remark – no matter how random things appear, there is always a plan. This fortifies the belief that nothing happens in financial markets without a reason.

Subscribe to enjoy similar stories. A road accident in Dehradun early on Tuesday last week killed six and left one critically injured. It is a stark reminder of Indian roads being the world’s deadliest, with the highest fatalities globally.

Subscribe to enjoy similar stories. New Delhi: The debate on laboratory-grown meat, dairy, and egg products may soon be settled, with the issue reaching India’s apex food regulator, three people aware of the development said. The development comes in the backdrop of concerns about public health, food security and ecological sustainability.

Subscribe to enjoy similar stories. November is halfway through, and you, just like me, might also be wondering: When will winter start in Delhi? The national capital is already grappling with severe fog. Its air quality is regularly dipping to dangerous levels; the city was declared the most polluted capital city in the world on Wednesday.

Subscribe to enjoy similar stories. New Delhi: The Centre is working on green steel mandates for the local steel industry, supported by government procurement and financial incentives, as the world's second-largest maker of the alloy works to prepare the sector for the future. The upcoming National Green Steel Mission is likely to mandate steelmakers to make a fixed share of their overall output green, the people cited above said on the condition of anonymity.

Subscribe to enjoy similar stories. In a world where attention spans are fleeting, sports stands tall as a game-changer for brand-building. Whether it’s the glamour of the Super Bowl in the US or the pulsating energy of the Indian Premier League (IPL) in India, sports not only captures eyeballs but also creates enduring connections.

Subscribe to enjoy similar stories. The depreciation of the rupee has always been a political hot potato even though it is a natural trend for an emerging market. The rupee’s value is currently at a low, triggered by the strengthening of the US dollar since Donald Trump’s victory in the presidential election.

Subscribe to enjoy similar stories. Vedanta is one lucky company. It has a monopoly on nickel production in India, is the largest private crude oil producer and iron ore miner in India, has the lowest cost of production, and pays incredible dividends.

Subscribe to enjoy similar stories. New Delhi: The Centre has decided to scrap the windfall tax, a levy imposed on local production of crude oil and exports of petrol, diesel and jet fuel, at a time of subdued oil prices. A decision to this effect has been taken at the top level in the government, and the finance ministry may shortly issue an order, two people familiar with the development said.

Subscribe to enjoy similar stories. If you’d asked anyone before covid about the movie exhibition business, the answer would’ve been simple: single screens were fading and multiplexes were booming. And they weren’t wrong.

Subscribe to enjoy similar stories. Stock market investors have seen their wealth erode by close to ₹50 trillion in the past seven weeks amid a flurry of primary market issuances and foreign institutional investor (FII) selling fuelled by India Inc's tepid earnings growth and rising bond yields in the US. Though analysts are not ruling out a rebound after the brutal sell-off over seven weeks, they doubt the durability of one.

Subscribe to enjoy similar stories. India stands out as a compelling growth and transformation story, largely driven by infrastructure, with GDP growth projected at 6.5% or higher in 2024 and 2025—one of the highest growth rates of any peer economy in the world, said Stefan Hofer, managing director and chief investment strategist at LGT Bank Asia. “So, we want to buy that growth." Though, “the natural caution is the valuation," he warned.

Subscribe to enjoy similar stories. With its near-universal penetration, Colgate-Palmolive India is synonymous with oral care in India. However, the company is not resting on its laurels.

Subscribe to enjoy similar stories. The Indian stock market fell for the sixth successive session on Thursday, 14 November, due to weak global trends, a rise in the dollar index, a weakening rupee, and a sell-off from foreign investors. The Nifty50 index closed at 23,532.70 on Thursday, 0.11% lower than the previous close.

Subscribe to enjoy similar stories. The US Department of Justice’s (DoJ) antitrust case against Google may have wrapped up, but whether the court rules for or against it, there’s no denying the case highlighted a crucial issue—the company’s dominant hold over the digital advertising market. And the advertising and ad tech ecosystem will need to make changes for a more transparent, efficient advertising market.

Subscribe to enjoy similar stories. Mumbai: The Reserve Bank of India’s (RBI) push for stricter compliance with know-your-customer (KYC) norms, and its crackdown against the ‘exuberance’ in personal loans have had an unlikely fallout: a dip in demand for off-roll workers. These are employees who work for banks and non-bank lenders but are on the payrolls of large staffing companies that supply such workers.

«If you look five years into the future, North America is stagnating in terms of industry, Europe is shrinking, South America is shrinking. Southeast Asia is totally dominated by China, and China is shrinking really, really fast,» Borgas told ET in an exclusive interaction. The only growing parts of the world are India and the Middle East," he said. Refractories are used in the production of steel, cement, glass, aluminium and copper. RHI, which supplies to every steel and copper plant in the world, 80% of cement plants, and half of aluminium plants globally, believes that growth in India could be between 6% and 13% on a compound annual basis over the next five years.

BAKU: As ministers take over at the climate talks in the Azerbaijani capital, all eyes are on Rio, where the leaders of the G20 are meeting. The first week of the UN climate summit closed with the scheduled assembly late on Saturday night that lasted a little over three hours, ending at around half hour past midnight. The divergences among countries on important issues, such as finance and the path forward on the outcomes of last year's global stock take, and the absence of trust became apparent as countries took the floor to air their views. On some issues such as loss and damage and adaptation, and mitigation work programme the absence of trust and compromise among countries was such that «Rule 16» was invoked. Rule 16 refers to a provision which is used when countries can't even agree to produce an outcome that puts on record the discussions and divergent views. As a result, countries will have to begin their discussions all over again when they meet in Bonn in the summer. The lack of trust most evident on the issue of how countries propose to address and implement the decisions on emission reduction and energy transition agreed to in Dubai and the lack of any real progress on making available climate finance to developing countries.

Adani Green Energy, India's largest private sector renewable power company, is looking to raise around $2 billion in the next few months in multiple tranches through international bonds and loans, according to people close to the development. The company will hit the bond market in the next few days with a $600 million issue, the people said. It had called off a $1.2-billion bond issue last month as investors demanded a higher yield due to geo-political issues then. It had last time given a price guidance for a fixed coupon rate of 7% for the 20-year bond. The pricing this time around is likely to be much higher, the people said. Yield on the 10-year US Treasury has been moving up in recent weeks, hitting its highest level since May 31.

Piramal Enterprises Ltd and Bain Capital Credit surrendered the licence for their asset reconstruction company (ARC), India Resurgence Asset Reconstruction Company, to the Reserve Bank of India, a development that shows growing challenges in the distressed assets market, said people aware of the development. Launched in 2018, the fund had invested in stressed assets using a mix of debt and equity. Regulatory hurdles, including restrictions on equity sales and difficulties in providing exits to equity investors, have now made the business of ARCs less attractive.