India Financial News

Sachin Gupta, CEO, Share India Securities, says there was a huge growth in demand in MTF. Further, Share India focused on the merchant banking side, helping some companies to get listed on the SME side and that also gave good revenues. Recently they have started the institutional desk where we empanelled 113 institutions in the last one-and-a-half years. All these factors focusing on the fee-based businesses helped Share India a lot. Going further, they will focus on increasing the retail business. Let us look at your numbers. Your overall numbers in Q2 were pretty strong both on a sequential basis as well as year-on-year basis. What are the factors that led to the growth in Q2? Even your broking clients are up 35% sequentially which is marking a three-fold increase from Q2 of FY24. What led to that? Sachin Gupta: A number of factors worked in our favour. One, definitely market participation was good overall. But on the Share India side, in the last two years, we focused more on the retail side for which we started providing MTF (margin trading facility) services to the clients. We saw a huge growth, huge demand in MTF and Share India book stands at around Rs 250 crore by the end of September.

The NSE Nifty index ended the session 6.91 points down at 24141.3, while BSE Sensex 9.83 points to 79496.15.

The company, which provides safety monitoring for infrastructure assets across sectors such as aerospace, defence, oil and gas, is also rebranding itself as Avathon. “India is at the heart of Avathon’s roadmap, with AI projected to contribute over 50% of the Asia-Pacific region’s growth in traditional industries by 2028. India will play a pivotal role in our expansion, serving as a hub for product engineering, delivery, support and R&D," Johar said.

Jennifer Lopez is one of them. On Saturday, Jennifer Lopez attended the premiere of Wicked at the Dorothy Chandler Pavilion in Los Angeles looking stunning in an intricately beaded cutout gown by designer Zuhair Murad. She paired it with shimmering earth-tone look with glittering nude heels, a sparkling clutch purse, and chunky beaded bracelets by Sabyasachi. ALSO READ: Sean Diddy's fling with Jennifer Lopez is haunting the actor amid divorce with Ben Affleck? Shocking details emerge

Aries Agro Ltd.(up 10.71%), Zuari Agro Chemicals Ltd.(up 5.97%), Rama Phosphates Ltd.(up 5.75%), Agro Phos India Ltd.(up 1.80%) and Madhya Bharat Agro Products Ltd.(up 0.19%) stood among the top gainers.

Gautam Gambhir, former India cricketer Sanjay Manjrekar on Monday said the India head coach lacks the «right demeanour and words» while interacting with the press and urged the BCCI to keep him away from the media duties. Manjrekar's comments came hours after Gambhir addressed media in pre-departure press conference ahead of the five-Test Border Gavaskar Trophy against Australia. Gambhir, known to be blunt, responded to questions on struggle of Virat Kohli and Rohit Sharma in run up to the Border Gavaskar Trophy, Ricky Ponting's observations on Kohli's form, Indian's team's impending transition and the team combination for the Australia tour. «Just watched Gambhir in the press conference. May be wise for @BCCI to keep him away from such duties, let him work behind the scenes,» Manjrekar wrote on 'X'.

foreign direct investment (FDI) if the entity breaches the prescribed limit. Currently, an investment made by foreign portfolio investor along with its investor group (FPI) should be less than 10 per cent of the total paid-up equity capital on a fully diluted basis. Any FPI investing in breach of the prescribed limit has the option of divesting their holdings or reclassifying such holdings as FDI subject to the conditions specified by the RBI and Sebi within five trading days from the date of settlement of the trades causing the breach. The RBI has issued an operational framework for reclassification of foreign portfolio investment by FPI to FDI.

Swiggy and Zomato, are testing various services to diversify beyond their core operations, sources close to the matter shared. Bengaluru-based Swiggy is piloting a new services marketplace called 'Yello,' offering customers access to professionals such as lawyers, astrologers, dieticians, therapists, and fitness trainers. According to insiders, this initiative could potentially be hosted within the main Swiggy app or as a separate platform. This move aligns with Swiggy’s larger goal of expanding beyond food and grocery delivery. Swiggy is also exploring a premium membership service named ‘Rare,’ catering to affluent customers with perks like access to exclusive events and priority restaurant reservations. These offerings signal a strategic push into high-value services as Swiggy nears its planned stock market listing on November 13.

KPI Green Energy today announced it will be considering the issuance of bonus shares along with a stock split in its upcoming board meeting, which is scheduled for November 14. “We wish to inform you that, pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, November 14, 2024 at the Registered Office of the Company, inter alia, to transact the following matters: 1. To consider the proposal for issue of bonus equity shares to the shareholders of the Company. 2. To consider and approve increase in authorized share capital of the company inter alia to accommodate issue of bonus equity shares, if any,” said the company in an exchange filing.

Chief Justice of India Sanjiv Khanna had to face typical Indian parent mindset when it comes to choosing a career. CJI's parents had initially expected their son to become a chartered accountant because a legal career had taller challenges. But the future Chief Justice was inspired by his uncle who had the courage to take on the State, reported NDTV citing its source. Justice Sanjiv Khanna commenced judicial proceedings on Monday, his first day as Chief Justice of India, and thanked lawyers for wishing him well. Justice Khanna was sworn in as the 51st CJI earlier in the day by President Droupadi Murmu at a brief ceremony at the Rashtrapati Bhavan.

While more and more Indians take to flying even as the government builds airports at a breakneck speed to connect small cities and remote places, India's aviation sector remains dominated by just two big players who hold between them more than 90% of the market share. IndiGo's market share rose to 63 per cent in September while the overall domestic market share of Air India Group comprising Air India, AIX Connect and Vistara touched 29.2 per cent. While Akasa Air's market share stood at 4.4 per cent, that of SpiceJet was at 2 per cent. As Vistara folds up into the Air India Group today, the number of full-service carriers in the fast-growing Indian aviation space will come down to just one from five in a span of over 17 years. In the last 12 years, three Indian airlines Kingfisher, Jet Airways and Go First went bankrupt. Also Read: A shake-up in Indian skies: Vistara bows out, IndiGo goes premium

Subscribe to enjoy similar stories. In the lead-up to elections, Indian politics frequently centres around promises of state-sponsored ‘freebies’—or giveaways aimed at winning voter support. These range from free electricity and water to subsidized rice and laptops.

Subscribe to enjoy similar stories. NEW DELHI : One of the big stories of the Indian economy has been the sharp increase in personal income tax collections. The personal income tax collection (excluding securities transaction tax) stood at ₹4,52,286 crore in April-August 2024-25, up 25.5% from ₹3,60,381 crore in the year-ago period.

Sterlite Power on Monday said it received orders worth around Rs 1,200 crore across its Global Products and Services (GPS) business in September quarter. Its GPS business focuses on sustainable products, and specialized Engineering, Procurement, and Construction (EPC) services. The cumulative order win in April-September FY25 is Rs 2,700 crore, it said. In September quarter, it bagged new orders totalling Rs 800 crore for high-performance conductors and Optical Ground Wire (OPGW) products. In the domestic segment, the major orders were towards supply of conductors for green energy transmission projects including Angul-Paradeep, Yalwar, and Runija-Indore transmission lines. The export segment saw order wins for high-performance green products from the US, the European Union, Africa, and the Middle East. The company also received India's first 144-fiber count OPGW cable order from a state utility.

Karnataka Chief Minister Siddaramaiah has said that he would retire from politics if Prime Minister Narendra Modi proves that the Congress government has mobilised Rs 700 crore for poll-bound states. Siddaramaiah also challenged Modi that he should resign if he fails to prove his allegations made at Akola in Maharashtra. «I am surprised to see the prime minister of this country lies so much. While campaigning somewhere in Maharashtra, the prime minister said that the Congress in Karnataka has collected Rs 700 crore through the excise department to send to Maharashtra, Jharkhand, and to spend on the bypolls,» Siddaramaiah said at an election rally in Shiggaon in Haveri district on Sunday night. «Today I challenge Narendra Modi that if he can prove these allegations, I will retire from politics. If you cannot, then you should retire,» the chief minister said.

Cyclically Adjusted Price-to-Earnings (CAPE) ratio, also known as Shiller’s P/E.

UK universities are among the most prestigious in the world, but visa restrictions mean they are now attracting fewer international students — taking a heavy toll on their finances. The restrictions are compounding problems caused by the UK's departure from the European Union four years' ago. Almost 760,000 foreign students were enrolled in British universities in 2022, making Britain the second most popular destination after the US, in a highly competitive market.

JD Vance, US Vice-President elect praised Indian vegetarian cuisine and revealed that his Indian-American wife Usha Vance's influence and heritage have guided his journey into the world of plant-based foods. During his new podcast with Joe Rogan, he talked about harms of processed meat and opened up about his appreciation for Indian vegetarian cuisine. He also harped about the first vegetarian meal he cooked for Usha when the two were dating, but called his first attempt «disgusting». In the candid and engaging podcast on the ‘Joe Rogan Experience,' Vance appreciated the Indian food, saying, «They make very good vegetarian food». ALSO READ: Usha Vance, JD Vance's wife, set to create history as second lady; here's why

Today, November 11, Vistara will take its last flight before merging into Air India. Vistara-Air India merger: Will airport lounge access booked on Vistara be valid when flying Air India after November 12?

RIL) have been falling since July and have tumbled by 7% in the last one month alone. The shares also came under pressure following the company’s Q2 results, wherein it reported a 5% fall in its net profit to Rs 16,563 crore. On charts, the stock has been in a downtrend after making a peak near the Rs 1,6 10 level and is currently placed below its 200-day exponential moving average (DEMA).

Mukherjea's smallcap-heavy Little Champs portfolio and midcap-focused Rising Giants portfolio have delivered net returns of 17.5% and 24%, respectively, so far in FY24. He has attributed the performance to improvement in the earnings growth and rejig in portfolios.