India Financial News

UK Visas and Immigration (UKVI) department has issued a crucial advisory to Indian nationals applying for UK visas, urging them to stay vigilant against potential fraud. Scammers often impersonate officials, claim expedited visa processing, or request payments through unauthorized channels. UKVI emphasized that it will never reach out through social media, request payments by email or personal bank accounts, or guarantee visa approvals in exchange for third-party payments. All payments for UK visa services should be made exclusively via GOV.UK or its verified partners. Indian nationals emerged as the largest recipients of UK visas across Visit, Study, and Work categories for the year ending June 2024.

Subscribe to enjoy similar stories. Nothing has consumed more ‘little grey cells’ than discussions on the United States presidential election, the contenders and their impact on the fate of the global economy after this “mother of all US elections." Even with the election now out of the way, economic uncertainty and volatility are here to stay, given fractures in society (and thus the polity) across the developed world. The focus thus far has been on foreign portfolio flows, interest rates, the policy stance of central banks and at times their liquidity management.

Reasons to buyReasons to avoidAlso read: Best washing machines in India November 2024: Top 10 picks for unmatched efficiency and performanceThe LG Inverter Fully Automatic Washing FHM1207SDW is a reliable washing machine with in-built heater. It offers superior cleaning performance, quick wash cycles, and energy efficiency, making it a great choice for cold regions.Reasons to buyReasons to avoidAlso read: Best LG front-load washing machines: Top 6 options with inverter technology for hassle free laundry experienceThe LG Inverter Fully Automatic Washing FHM1207SDM is a high-quality washing machine with in-built heater.

buy call on Life Insurance Corporation of India with a target price of Rs 1,200. The current market price of Life Insurance Corporation (LIC) is Rs 932.3. LIC, incorporated in 1956, is a Small Cap company with a market cap of Rs 590723.16 crore, operating in Financial Services sector. Life Insurance Corporation of India's key products/revenue segments include Premiums Earned and Other Operating Revenue for the year ending 31-Mar-2024.

India VIX, a measure of market volatility, rose by 2.40% to end the session at 14.60 on Tuesday.

gold and silver prices, however this time addition twist has happen to this theory,” says Santosh Pandey, President & Head, Nuvama Professional Clients Group. In an interview with ETMarkets, Pandey said: “Higher Yield has potential to derail equity rally globally including India, but strong dollar is good for certain sectors like IT/Pharma and Textile on Indian perspective” Edited excerpts:

Zinka Logistics, which operates the BlackBuck platform, will open for subscription today. The issue, which is a combination of fresh equity sale of Rs 550 crore and an offer for sale (OFS) of 2.06 crore shares, will be available for bidding till November 18. Ahead of the issue opening, the company bagged Rs 500 crore from anchor investors where marquee investors including Nomura, Hornbill Orchid India Fund, Steadview Capital Mauritius, TIMF Holdings, Florida Retirement System among others participated.

NTPC Green Energy has set a price band of Rs 102 to Rs 108 per share for its Rs 10,000 cr ($1.19 billion) initial public offering (IPO), a newspaper advertisement showed on Wednesday. The renewable energy firm's IPO will open for bids on Nov. 19 and close on Nov. 22. Large «anchor» investors will bid on Nov. 18.

buy call on State Bank of India with a target price of Rs 1,000. The current market price of State Bank of India is Rs 849.5. State Bank of India, incorporated in 1955, has a market cap of Rs 756495.42 crore. State Bank of India's key products/revenue segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.

New Delhi: S.P. Oswal’s ordeal began on the afternoon of 27 August, with an innocuous phone call. It was a pre-recorded message from someone claiming to be from the Telecom Regulatory Authority of India (Trai). Just out of hospital after battling an illness, the unsuspecting 82-year-old Oswal, chairperson of the Ludhiana-based Vardhman Group, pressed 9 when prompted. That keypress was a standard screening procedure by scamsters to ascertain the gullibility of their victims—Oswal, a Padma Bhushan awardee, instantly became a target.

Subscribe to enjoy similar stories. The Indian stock market has been in the global spotlight for what The Economist has called the “largest-ever experiment in participatory capitalism." As share indices hit one peak after another over the past five years, attracting retail interest, India’s investor base has grown explosively. Of the country’s 176 million plus ‘demat’ accounts for equity holdings, a vast majority were opened only in the past five years.

Subscribe to enjoy similar stories. Reserve Bank of India (RBI) governor Shaktikanta Das’s warning of inflation rising sharply in October has turned out prescient. Data released on Tuesday showed the consumer price index rose 6.2% last month from its level a year earlier.

SoftBank Group Corp. will be the first Nvidia Corp. customer to build a supercomputer based on the chipmaker’s new Blackwell design, a move to meet growing demand in a country eager to catch up in artificial intelligence. SoftBank’s telecom unit plans to build Japan’s most powerful AI supercomputer to support a wide range of local services, the two companies said Wednesday. That computer will be based on Nvidia’s DGX B200 product, which combines computer processors with so-called AI accelerator chips. A follow-up effort will feature Grace Blackwell, a more advanced version. Nvidia’s chips have become a prized commodity for the world’s biggest tech companies, which use the components to develop and run AI models. The process requires software to be bombarded with data — something accelerator chips are especially adept at handling.

Otis India aims to support this need and urbanisation of India in a way that is smart, sustainable and scalable, says Sebi Joseph, President of Otis India, in an interaction with ET Digital. He adds that Otis also understands the challenges associated with respect to tier-2 and tier-3 cities and creates tailored solutions at scale to meet customer expectations. Edited excerpts: The Economic Times (ET): How is India placed in terms of manufacturing, installation and servicing of elevators and escalators? How have things changed over the years? Sebi Joseph (SJ): It is an exciting time for the elevator and escalator industry in India.

Contil India, JostS Engineering Company and JTL Industries will likely remain in fous in today’s session as these companies have November 14 as the ex-date for the purpose of their respective stock splits. This means today is the last day to buy the shares of these companies in order to be eligible for the stock splits.

Analysts said this subdued sentiment is likely influenced by the company's continued losses, despite steady revenue growth.

IRCTC and RITES among a host of other companies likely to remain in focus today as they are approaching their ex-date, November 14, for the purpose of payment of dividend to its eligible shareholders. This means today is the last day to buy shares of these companies to qualify for the announced dividends.

Donald Trump on Tuesday announced that Tesla owner Elon Musk and Indian American entrepreneur Vivek Ramaswamy will lead the Department of Government Efficiency or DOGE. «I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (DOGE),» Trump announced. Ramaswamy is the first Indian American to have been tapped by Trump into his administration beginning January 20 next year. «Together, these two wonderful Americans will pave the way for my administration to dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies — essential to the 'Save America' Movement,» he said.

Champai Soren and ex-MP Geeta Kora. Polling began around 7 AM in these constituencies across 15 districts and will continue till 5 PM. However, voting in 950 booths will end at 4 pm, though people standing in the queue at that time will be able to exercise their franchise, an official said. While the JMM-led coalition is seeking to retain power riding on its welfare schemes, including Maiyan Samman Yojna, the BJP has been campaigning with its aggressive Hindutva agenda, infiltration and alleged corruption by the current dispensation.

The Bengaluru-based fintech unicorn said it wants to back 10-15 companies every year and could invest up to a million dollars in each. The company has a target of investing in at least 50 startups through this programme. Razorpay Venture Investment Programme, as it is named, will scout for opportunities in sectors like fintech, travel, healthcare, hospitality, retail and ecommerce. But the company intends to invest only in business-to-business (B2B) startups. The Reserve Bank of India-licensed payment aggregator believes that India will see 10-15 B2B unicorns getting created over the next five years.

The rupee closed at 84.3925 per dollar, unchanged from Monday's closing level.