India Financial News

Subscribe to enjoy similar stories. As the world shifts towards a low-carbon energy landscape, India’s aim to expand its Small Modular Reactor (SMR) sector aligns well with its broader vision for sustainable energy security. The recent government focus on SMRs signals a transformative approach to nuclear energy that addresses the unique geographical, economic and industrial demands of the nation.

Subscribe to enjoy similar stories. India’s infrastructure planning is set to get more extensive with the government preparing to include the military’s requirement to ensure civilian projects can also be made available to the armed forces if necessary. The initiative—planned under Prime Minister Gati Shakti, also known as the National Master Plan for Multi-modal Connectivity—will focus on building dual-use projects across all segments of infrastructure such as roads, ports, power and airports, two officials told Mint.

India Infrastructure Finance Company Ltd (IIFCL) is planning to set up a subsidiary to issue asset-backed securities (ABS) or covered bonds, as it aims to securitise its assets and conserve capital for further business growth. «We are almost reaching the threshold of asset size and loan book that we should have, and we may not really look at the quantum jump in asset size or loan book size. We may have a separate vertical to securitise our own assets,» IIFCL MD PR Jaishankar told PTI. «We will try to grow our assets and generate more assets with the help of the existing assets instead of taking more liabilities...the idea is that assets should beget assets incrementally. That will save the capital that will help our cost of funds go down, our profitability going up, and that will help improve our viability and quality of assets.» The idea is to hive off part of our assets, he said, adding, «We will maintain a threshold, and we will focus on increasing the sanctions and disbursements more as compared to growing the asset size or loan book size».

Vistara in November. The merger, announced on November 29, 2022, and set to be completed on November 11, 2024, will result in Singapore Airlines having a 25.1 per cent stake in the enlarged Air India. Full-service carrier Vistara, which started flying on January 9, 2015, is a joint venture between Tatas and Singapore Airlines, where the latter holds a 49 per cent shareholding. Singapore Airlines (SIA) Group on Friday said its consideration for the merger comprises the 49 per cent interest in Vistara and Rs 20,585 million (Rs 2,058.5 crore) in cash in exchange for a 25.1 per cent equity interest in the enlarged Air India.

Inderjeet Gosal, a 35-year-old Brampton resident, was arrested by Canadian police in connection with a violent attack at a Hindu temple in the Greater Toronto Area (GTA). The attack took place on November 3, 2024, at the Hindu Sabha Mandir in Brampton, where a protest turned into a physical assault on Hindu-Canadian devotees.

Vedanta's aluminium and zinc production volumes have reached record levels. «In the near future, we are aiming to double the production levels at our subsidiary, Hindustan Zinc Ltd, increase oil production at Cairn Oil & Gas to 3 lakh barrels of oil equivalent per day, and increase the capacity at our aluminium smelter to 3 million tonnes per annum,» he said.

Donald Trump, police said Sunday, accusing them of trying to undermine relations with Washington. Former prime minister Sheikh Hasina, 77, fled by helicopter to India on August 5, following weeks of deadly student-led protests. Since then a caretaker government, led by Nobel Peace Prize winner Muhammad Yunus, has taken charge. It has been tasked with implementing democratic reforms and holding elections.

Subscribe to enjoy similar stories. Bimal Das Gupta was one of the earliest leading abstractionists in Indian modern art.

Subscribe to enjoy similar stories. Chennai-based Sudarshan Jain was in for a shock when he checked his Employee Provident Fund (EPF) passbook in August this year. Interest on his EPF for the financial year 2023 and 2024 had not been credited.

Subscribe to enjoy similar stories. In India, family is often seen as the core unit of social and financial security. Families frequently pool their resources to meet collective financial needs.

Most of the earnings so far have been muted in the second quarter for India Inc as analysts had already predicted the slowest numbers in over four years as Nifty earnings may grow marginally by just 2% year-on-year.

Finance and Corporate Affairs Nirmala Sitharaman has launched the National MSME Cluster Outreach Programme, organised jointly by the Department of Financial Services (DFS), Ministry of Finance, Government of India, and Small Industries Development Bank of India (SIDBI). The launch took place on Saturday. Around 150 MSME Clusters were connected virtually for the launch with senior bank officials being present in each of these Clusters. The programme aims to ensure access to Financial Services and promote the growth of Micro, Small and Medium Enterprises (MSMEs) across the country, the Ministry of Finance said in a statement.

market valuation of six of the top-10 most-valued firms eroded Rs 1,55,721.12 crore last week, with Reliance Industries emerging as the biggest laggard, in line with an overall weak trend in equities. Last week, the BSE benchmark declined 237.8 points, or 0.29 per cent. While Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India (LIC) suffered erosion in their market valuation, Tata Consultancy Services (TCS), HDFC Bank, Infosys, and the State Bank of India were the gainers.

markets continued unabated, with FPIs pulling out nearly Rs 20,000 crore in the last five trading sessions on higher valuations of domestic stocks and shifting their allocation to China. As a result, foreign portfolio investors (FPIs) have turned net sellers in the equity market, with total outflows reaching Rs 13,401 crore for 2024 so far. Going ahead, the FPI selling trend is likely to continue in the near term till data indicate the possibility of a trend reversal. If the Q3 results and leading indicators reflect a recovery in earnings, the scenario can change with FPIs reducing selling and even turning buyers. Investors will have to wait and watch for the data, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

Congress on Sunday claimed that India was facing a «demand crisis» due to sustained income stagnation and said the 'double engine' of private investment and mass consumption that powered the UPA's decade of sustained GDP growth has been «derailed» in the last ten years of the Modi government. Congress general secretary in-charge communications Jairam Ramesh urged the government to accept what the Congress has been proposing — raising MGNREGA wages to a minimum of Rs. 400 per day, guaranteeing MSP and a loan waiver for farmers, and a monthly income support scheme for women — to kickstart income growth in rural India. He said that with each passing day, the tragedy of India's dying consumption story becomes more evident. Last week, several CEOs from India Inc raised the alarm over the 'shrinking' middle class and now, new data from NABARD's All India Rural Financial Inclusion Survey (NAFIS) 2021-22 adds to the evidence that India's demand crisis is a result of sustained income stagnation, he said in a statement.

For Indian investors, this principle is just as relevant for country diversification as it is for asset diversification. While investing in India alone can yield strong returns driven by a robust economy, expanding into global markets offers unique benefits that domestic equities alone would not be able to offer.

Donald Trump’s victory in the US elections fizzled out soon as Nifty ended the week 0.2% down and outperformed most global markets amid concerns around slowing macro and weak Q2 earnings. IT stocks rallied post-US election results, lifting the Nifty IT index by 4%. Conversely, the high-beta Nifty Realty Index fell by 4%.

Subscribe to enjoy similar stories. Retelling myths and epics for contemporary readers is one of the easiest and, if you are lucky, most lucrative route to a writing career. The stories remain omnipotent, thousands of years after their origins, always ready to be adapted into new-age fantasies or revisited from fresh perspectives.

Sudha Murty. The writer-philanthropist and Rajya Sabha MP was a guest at ‘The Great Indian Kapil Show’ along with her husband, Infosys co-founder Narayana Murthy, as well as Zomato CEO Deepinder Goyal and his wife Grecia Munoz.