India Financial News

Shubman Gill sustained a left thumb fracture which is likely to rule him out of the opening Test of the Border-Gavaskar Trophy at the Optus Stadium in Perth, starting November 22. Gill, one of the young heroes of India's last Border-Gavaskar Trophy triumph, is a batting mainstay and in case skipper Rohit Sharma opts out of the first Test, India's top-order could look very thin. Gill got hurt while fielding on the second day of the intra-squad match simulation. He was seen in considerable pain and immediately left the field for further scans. According to a BCCI source privy to the development, Gill has indeed fractured his left thumb and with less than a week left for the Test to start, it will be near impossible for the stylish right-hander to get fit in time for the opening match.

Foreign Portfolio Investors (FPIs) have maintained their bearish stance on Indian markets in November, extending their massive selloff from October, already pulling out Rs 22,420 crores in the first half of November, according to NSDL data. The FPIs had offloaded a staggering Rs 1,13,858 crore in October.

lithium-ion battery demand in India is set to grow exponentially to 54 gigawatt hours (GWh) by FY27 and 127 GWh by FY30, as the country sets an ambitious target to meet 50% of its primary energy requirement from renewable energy by 2030. Currently, domestic lithium-ion battery storage demand of 15 GWh is being almost entirely met through imports of lithium-ion cells and batteries. India imports almost its entire requirement of Li-ion batteries. However, CareEdge Ratings expects India's import dependency to decline to 20 per cent by FY27, despite significant growth in demand due to large-scale integrated capacities being built for Li-ion battery storage.

Music of the Spheres world tour will now include two performances in the city, offering more fans the chance to experience their iconic live act. The first show, scheduled for January 25, 2025, at Ahmedabad's Narendra Modi Stadium, saw an instant sellout as tickets went live, sparking a wave of demand across social media. In response to the overwhelming enthusiasm, Coldplay officially confirmed a second concert at the same venue on January 26, 2025. Prior to this, the band had announced three performances in Mumbai on January 18, 19, and 21, 2025. Featuring frontman Chris Martin, guitarist Jonny Buckland, bassist Guy Berryman, and drummer Will Champion, Coldplay last performed in India in 2016 at the Global Citizen Festival in Mumbai.

initial public offering (IPO) of NTPC Green will open for subscription on November 19. The issue closes on November 22. Through the public offer, the company plans to raise nearly Rs 10,000 crore. Here are 10 things to know about the NTPC Green IPO before subscribing to the issue.

chip design giant MediaTek is planning to significantly expand its workforce in India, ToI reported on November 16. This announcement comes as the company secures its position as the leading chip supplier for smartphone makers in the country. MediaTek surpassed American competitor Qualcomm by providing chips for both budget-friendly and high-end smartphones, according to Counterpoint data. The company now aims to leverage India's growing technology sector by recruiting more engineers and designers, said ToI's report (by Pankaj Doval). «There are a lot of exciting opportunities that we see in India. First and foremost are smartphones. We're going through a massive 4G to 5G transition. It's happening very quickly here,» ToI's report said quoting MediaTek's global VP for corporate marketing, Finbarr Moynihan.

In his departure statement ahead of his visit, PM Modi stated that he would be first visiting Nigeria at the invitation of President Bola Ahmed Tinubu with a focus on reinforcing the strategic partnership between the two nations. The Prime Minister will also be meeting with the Indian community in Nigeria during his visit. He will be there in the African nation from November 16 to 17. «At the invitation of H.E. President Bola Ahmed Tinubu, this will be my first visit to Nigeria, which is our close partner in the West African region. My visit will be an opportunity to build upon our Strategic Partnership that is based on shared belief in democracy and pluralism. I am also eagerly looking forward to meeting the Indian community and friends from Nigeria who have sent me warm welcome messages in Hindi,» the statement read.

Nifty and Sensex, falling around 10% from the peak. The weakness in second quarter results and sustained outflow of foreign funds weighed on the sentiments. During the week, as many as 103 smallcap stocks have delivered double-digit negative weekly returns with four of them falling over 25%.

Online shopping with credit cards is rising, fueled by deals offered during the festive season. In September 2024, shoppers in India spent Rs 1,15,168 crore online using credit cards. This makes up 65.4% of the total Rs 1,76,201 crore spent through credit cards, ToI reported on November 16 citing latest data. The survey, which included 700 credit card users, found that 80% took advantage of special credit card offers available on e-commerce platforms. The main attractions were discounts, no-cost EMI options, and better deals overall. This trend started earlier in the year. In April, online credit card spending was Rs 94,516 crore, which was 60% of the total Rs 1,56,498 crore spent. The portion of online spending grew to 63.4% in July, dipped slightly to 62.4% in August, and then reached 65.3% in September.

Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, thinks the US tariff announcements, which should start coming because very clearly there is going to be a differentiated tariff between China and India. And China will be having a much higher tariff vis-a-vis India that is the expectation. And as and when that is clearly articulated, Indian companies and Indian businesses will get enthused on the back of exciting prospects of doing business in the US.

Zomato CEO Deepinder Goyal opened up about his saccharine sweet love story with wife Grecia Munoz, aka Gia. Like all desis, Goyal is a foodie at heart, and a popular food item played Cupid between the lovebirds — the evergreen chole bhature! During an interaction with the host, Kapil Sharma, Goyal shared how he first met his wife, Gia, through a mutual friend who introduced them. Their connection grew over their shared love for North Indian street food. Gia expressed her fondness for Indian cuisine, saying, «I love Indian food because of its variety.» When co-host Archana Puran Singh asked about her favorite dish, Gia enthusiastically replied, «Chhole Bhature.» Deepinder and Gia's love story has captivated many, and their passion for food played a key role in bringing them together. Deepinder revealed that the two bonded over their mutual enjoyment of this popular Indian snack. Known for its bold flavors and aromatic spices, Chhole Bhature quickly became a symbol of their connection.

It refers to the opportunity to self-reflect, set goals and define new challenges for the next 12 months. This self-care trend revisits the approach to New Year reflections and resolutions, giving people a head start on their goals for the next year. Recent research from LinkedIn suggests that there couldn’t be a better time to apply this theory to the workplace. How does it apply to Indian professionals?

Income Tax Department has not extended the deadline for filing income tax returns (ITR) for FY 2023-24 for taxpayers subject to audit and other designated income taxpayers. Earlier, the tax department extended the deadline by 15 days for ITR filing for FY 2023-24 for audit cases from the original deadline of October 31, 2024. No further extension was announced by the tax department regarding this deadline.

FICCI) and the Game Developers Association of India (GDAI) have signed a Memorandum of Understanding (MoU) at the Indian Game Developers Conference (IGDC) 2024. The partnership aims to accelerate growth, drive innovation, and enhance skill development in India’s rapidly expanding video gaming industry. This MoU represents a significant milestone in creating a robust video gaming ecosystem in India, setting the stage for the industry’s next wave of growth and international recognition. «FICCI is delighted to collaborate with GDAI to propel growth in India’s burgeoning video gaming sector. This partnership aims to build a strong ecosystem by advocating for industry-friendly policies at both state and national levels, while promoting innovation, skill development, and sustainable growth across the Media & Entertainment sector. The MoU reflects our commitment to nurturing talent and positioning India as a global leader in gaming intellectual property (IP), leveraging FICCI’s policy expertise and GDAI’s extensive developer network,” said Leena Jaisani, Deputy Director General, FICCI.

Ministry of External Affairs (MEA) announced on Saturday that Shri Anurag Srivastava, an officer of the Indian Foreign Service (IFS) from the 1999 batch, has been appointed as the next High Commissioner of India to the Republic of Mauritius. Currently serving as Joint Secretary in the Ministry, Srivastava is expected to assume the role shortly. The appointment underscores the importance India places on its longstanding ties with Mauritius. Mauritius, a key partner in the Western Indian Ocean region, shares deep historical, cultural, and demographic links with India.

If accepted, these products would come under the oversight of the Central Drugs Standard Control Organization (CDSCO) instead of the current regulator, the Food Safety and Standards Authority of India (FSSAI). According to the TOI report, the committee, led by former health secretary Apurva Chandra, argued that supplements making health claims should undergo stricter scrutiny before licensing. This would also mean harsher penalties for companies making false claims about disease prevention or mitigation.

Missed the EMI of your loan by 1 day? It can cost you more than you think What is MCLR?

India is emerging as one of the least affected markets in the region when it comes to former U.S. President Donald Trump's trade policies, highlighted a report by global brokerage firm CLSA. The report stated that this resilience is attributed to India's relatively low trade exposure to the U.S., manageable corporate leverage, and declining levels of foreign equity ownership. While other markets might face greater vulnerabilities, India remains better positioned to weather such challenges. «India appears as among the least exposed of regional markets to Trump's adverse trade policy. Moreover, so long as energy prices remain stable, India may offer a relative oasis of FX stability in an era of a strengthening US dollar» it said.

Indian cricket captain Rohit Sharma and his wife, Ritika Sajdeh, have been blessed with their second child, a baby boy, on Friday, November 15. The couple, who are already parents to their daughter Samaira, born in 2018, have yet to announce the delightful news to their fans and well-wishers formally.

Neeraj Goyat beat Brazil's Whindersson Nunes in an undercard fight. Goyat won the bout 60-54 in a unanimous decision. In Round 1, Goyat came up with a good show, landing jabs on Nunes, while also successfully dodging attacks from his opponent. Goyat raised the tempo in Round 2 and landed several big blows on his rival. He pushed the Brazilian towards the rope connected a flurry of hits.

Subscribe to enjoy similar stories. One man who will be deeply disappointed with Donald Trump’s victorious run in the US presidential election will be Vinod Khosla. In the run-up to the elections, Khosla engaged in a bitter and public debate with Trump’s principal backer Elon Musk on the latter’s platform X, arguing that “No delusional person would be president, and this guy is certifiable with no values." For this, he invited abundant vitriol from Musk and criticism from a section of the Republican party which he had supported and voted for in the past before turning into an independent.