India Financial News

Subscribe to enjoy similar stories. Faced with slowing growth in core segments like test preparation and white-collar upskilling, edtech operators are eyeing allied healthcare servives and nursing skilling as the next big opportunity.

Subscribe to enjoy similar stories. At home, on her bedside table, chef Radhika Khandelwal keeps a notebook to document her thoughts, with “dishes sometimes appearing in dreams". She is the owner of the restaurant Fig & Maple in Delhi.

Subscribe to enjoy similar stories. India’s manufacturing sector has struggled to exceed 17% of GDP over the past 20 years. Taking note of inverted duty structures, a key reason for this underperformance, finance minister Nirmala Sitharaman in her last budget speech announced a comprehensive customs tariff review.

Coldplay concert tickets in India sold out in less than an hour on BookMyShow, leaving many fans heartbroken. Tickets for the first show in Ahmedabad, set for January 25, were released at 12 pm on Saturday and were quickly snapped up within minutes. The British rock band is all set to perform for the first time in India in January 2025. Many disappointed fans have expressed frustration, stating they were stuck in long online queues but still couldn't get a single ticket for the show.

Observer Research Foundation (ORF), the maiden edition of 'Sagarmanthan — The Great Oceans Dialogue' aims to foster knowledge on maritime sector and provide a premier global platform for global leaders, policy makers, business moguls, thought leaders and visionaries to share, learn and shape actionable insights towards effective decisions for a future ready, sustainable and efficient marine sector, the statement said. Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal said, «Sagarmanthan is an attempt at celebrating the best available knowledge in maritime sector from global experts with deep understanding, wisdom and insights on upcoming trends.» Sonowal further said as India's role as an important and key maritime player has increased manifold, this platform offers a premier platform for everyone to seek knowledge, share wisdom, chalk out pathways and set the course for maritime sector's collective journey onwards.

Fine Acers, a player in luxury resort investment, on Sunday said the company is targeting assets under management worth Rs 5,000 crore by 2026-27. The company has Rs 2,500 crore assets under management, it said. It added that the company has signed a USD 70 million deal with Wyndham Hotels and Resorts to develop four new hotels — one in Dubai and three in India. «Fine Acers has announced that the company is targeting assets under management worth Rs 5,000 crore,» it said in a statement.

Air charter services operator Sirius India Airlines has said it looks to raise USD 100 million through debt and other instruments for fleet and services expansion as it sees demand soaring from across segments. The company said it is aiming to have a fleet of 50 private jets by financial year 2027 and spread its wings to other markets such as the Far East, Southeast Asia and East Africa as part of the long-term business plan. The proposed funds are expected to be tied-up by March next year so that the plan starts getting implemented from FY26, Sirius India Airlines founder and promoter Arun Kashyap said. The Gurugram-based aviation venture launched its air charter services in collaboration with Dubai-based Transworld Group in August this year.

It observed that consumers are interested in spending money on improving the value proposition in terms of features, quality and experience rather than exploring too many smart devices. «22 per cent of the respondents shared about considering optimising their smart devices portfolio. Among the new set of categories, smart/connected cars is generating high interest among consumers. 55 per cent of the respondents said that they have come across news or information about smart/connected cars in recent times,» it said.

BJP president J P Nadda on Sunday attacked the JMM-led coalition government in Jharkhand, accusing it of sheltering Bangladeshi infiltrators in madrasas in the state and ensuring Aadhaar, voter ID card, gas connection, ration card and land for them. Nadda also hit out at Congress leader Rahul Gandhi saying he wants to become champion of OBCs, but questioned how many OBC members were in Rajiv Gandhi Foundation and National Advisory Committee. «I have received an intelligence report just now. It says that Bangladeshi infiltrators are given shelter in madrasas here. Their Aadhaar, voter ID, gas connection and ration card are facilitated and then the Hemant Soren government ensures land for them. »Hemant Soren looted 'Jal, Jungle, Jameen' of Jharkhand, infiltration is rampant here. Infiltrators are marrying tribal women and grabbing their land. We will bring a legislation to ensure that their offspring is debarred from land. Only PM Modi-led BJP government can check infiltration," Nadda said while addressing a poll rally at Gomia in Bokaro district.

Subscribe to enjoy similar stories. When India saves a life, it’s a great spectacle. An image I can never shake off is how once India moved a beating heart in an icebox from Chennai to Bangalore within two hours.

Subscribe to enjoy similar stories. Non-resident Indians (NRIs) receive or send money to India quite often, and usually open a non-resident ordinary (NRO) or non-resident external (NRE) bank account, or both. But a lack of understanding of their correct use may spell trouble.

financial literacy awareness among the tribal population, the Reserve Bank of India (RBI), Odisha office has prepared five specific booklets in Santali (Ol Chik) language, an official said. Odisha Chief Minister Mohan Charan Majhi released the booklets at Bali Jatra in Cuttack on Friday. The booklets were prepared to commemorate 90 years of RBI's operation in the country, the official said, adding that the central bank had also recently organised a series of events like quiz competition among students. «Continuing with the efforts towards financial education, the RBI, Bhubaneswar has taken the initiative of translating and printing the five useful target specific booklets in Santali (Ol Chiki script) language for distribution among the people of Santali speaking community,» a senior official said.

RCEP) continues to be justified, according to a recent report by the Global Trade Research Initiative (GTRI). The study highlights that participation in the trade bloc could exacerbate India's trade deficits, particularly with China, and pose challenges to domestic industries, especially small and medium enterprises (MSMEs). India opted out of RCEP in 2019, citing concerns over trade imbalances and the potential harm to local industries. The RCEP, a comprehensive free trade agreement, includes the 10 ASEAN countries and six trade partners—China, Japan, South Korea, Australia, New Zealand, and India (which chose not to join). Together, these countries account for 30% of global GDP and nearly half the world’s population. Key Findings

Retail tomato prices declined 22.4 per cent month-on-month on improved supplies across the country, the Consumer Affairs Ministry said on Sunday. The all-India average retail price of tomatoes stood at Rs 52.35 per kg on November 14, down from Rs 67.50 per kg on October 14, according to an official statement. During the same period, modal wholesale prices at Delhi's Azadpur mandi witnessed a sharper decline of nearly 50 per cent to Rs 2,969 per quintal from Rs 5,883 per quintal, driven by increased arrivals. Similar price corrections were reported from key markets like Pimpalgaon (Maharashtra), Madanapalle (Andhra Pradesh), and Kolar (Karnataka), the ministry said.

Maharashtra assembly elections, election officials and EVMs were ferried in helicopters to base camps in the Naxal-affected Gadchiroli district on Sunday, police said. Gadchiroli SP Neelotpal said Indian Air Force's Mi 17 helicopters carried election officials deployed for 76 polling stations in the sensitive Aheri assembly constituency in the early hours of the day. He said polling personnel with EVMs and other equipment were being dropped off at 14 base camps at police stations for further onward movement. The exercise of transporting officials and equipment will continue till November 19, he said.

The global consultancy firm said in the report that China's economic deceleration, changing consumer preferences and the return of international travel are making growth in the country highly challenging, leading international fashion brands to look to other Asian markets. The firm further added that the global fashion executives rank Asia growth markets as their top sourcing hotspots for the next five years, adding that the regulatory incentives in these countries fuel manufacturer capability building.

Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India, forming a new joint venture that strengthens Tata's position as an Apple supplier, two sources told Reuters. Under the deal announced internally last week, Tata will hold 60% and run daily operations under the joint venture, while Pegatron will hold the rest and provide technical support, said the two sources, who declined to be named as the details are not yet public. The sources did not elaborate on the financials of the deal.

Indian Biogas Association (IBA) has called for the implementation of the odd-even vehicle rule in Delhi NCR to address air pollution and promote a shift toward electric and compressed biogas (CBG) or natural gas vehicles. This suggestion aligns with GRAP 4 measures, which enforce the rule when the air quality index (AQI) exceeds 450. Currently, GRAP 3 measures are in place as the AQI remains in the «severe» range, according to the Commission for Air Quality Management (CAQM). IBA Chairman Gaurav Kedia, in an interaction with PTI, emphasized the potential benefits of the odd-even rule. «We recommend implementing the Odd-Even Rule for Petrol and Diesel Vehicles in the coming months so that a good impact can be seen for the air pollution levels in Delhi, and subsidy on EVs and CNG/CBG vehicles, as this will compel the citizens to shift to greener fuel alternatives,» he stated. Delhi's air pollution intensifies during winter, with AQI levels often surpassing 300. This persistent issue has placed Delhi among the most polluted cities globally. While crop residue burning from neighboring states contributes to the problem, it is only part of a broader set of pollution sources.

credit risk funds maintained their trend of consistent outflows. The positive inflow boosted the asset base of debt mutual funds by 11 per cent to Rs 16.64 lakh crore in October-end from Rs 14.97 lakh crore at the end of September, according to data with Association of Mutual Funds on India (Amfi). As per the data, debt mutual funds attracted inflows of Rs 1.57 lakh crore in October, marking a sharp reversal from the outflows of Rs 1.14 lakh crore recorded in September.

WestBridge Capital is joining forces with Neelesh Garg, outgoing managing director and CEO of Tata AIG General Insurance, to launch a new general insurance joint venture with a focus on AI-powered, digital-first services, two people aware of the development said. This will mark the Bengaluru-based private equity firm’s second investment into the insurance sector following its successful part-exit from Star Health Insurance through its IPO in 2021. WestBridge, which manages over $8 billion in investments in India, will hold a majority stake in the proposed venture, with Garg taking a 10% ownership position, people cited above said.

Hyundai Motor India Ltd is betting big on CNG fuel option with sales of models equipped with the technology witnessing increasing demand across rural and urban markets in the country, according to a top company official. The company, which currently offers CNG variants in three models – Grand i10 NIOS, AURA, and EXTER – has seen the share of CNG models in its domestic sales rise to 11.4% in FY24, up from 9.1% in FY22. From April to October this fiscal year, the share of CNG models in the company’s domestic sales has increased to 12.8%. During this period, its total vehicle sales across all fuel types in the domestic market reached 3.54 lakh units.