India Financial News

Air India Group on Friday announced several management changes amid the merger of the airline with Vistara, scheduled on November 12.

Subscribe to enjoy similar stories. The Indian tea story is dominated by the colonial creation of the plantation industry and the birth of the commodity tea industry that puts India in the top 2 of global tea producers. The more interesting stories, however, are of the lesser-known teas and tea cultures with no colonial ties at all.

India vs South Africa live score, 1st T20I updates: Having started his captaincy stint with resounding series wins over Sri Lanka and Bangladesh, Suryakumar Yadav will be aiming to keep his winning run when the Men in Blue take on South Africa in the four-match T20I series starting on Friday in Durban. Following the T20 World Cup triumph and retirements of Virat Kohli, Rohit Sharma and Ravindra Jadeja, the Indian team is going through a transition phase, with the next World Cup in 2026 in mind. The last time India went to South Africa for a T20I series was in 2023, where it ended in a 1-1 draw after the first game was washed out.

Adani Power has further reduced electricity supply to neighbouring Bangladesh as it seeks to recover more than $800 million in dues, according to data from Bangladesh's grid operator and two sources familiar with the move.

antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring restaurant chains listed on their platforms, documents show.

Sony Playstation 5 Pro, the company's latest gaming console, will not be released in India because of compatibility issues with the 6GHz spectrum band, the company said.

«I have always been and I remain over the long term very positive on the private sector banking universe. India if it continues to grow at about, say, 7% to 7.5% over the long term, that growth will have to come from investments and consumption and it is the private sector banks which would be financing that growth,» says Manishi Raychaudhuri, Veteran Investor. It has been an eventful week of sorts because you had so many events to watch out for, be it the US elections, be it the FOMC rate decision. Also, back home you had Diwali and you had to look at the Diwali sales, the auto sales numbers. Tell me, how are you reading all of these various signs that you are getting in from the markets? Firstly, let us talk about the US elections. Manishi Raychaudhuri: That is possibly the most important development that the whole world has been waiting for, including financial asset investors, both equity and fixed income.

Donald Trump's economic policies and agendas, has once again alarmed the world after his historic comeback in the US presidential election. Based on protectionism, tariffs, corporate tax cuts, increased infrastructure spending, deregulation, immigration control and strengthening local manufacturing, Trumponomics aims at fostering economic growth, raising incomes and creating more jobs. But critics say Trumponomics can stoke inflation, add to fiscal deficit and favour the rich.

Ferzad Palia, Business Head of JioCinema, is set to step down from his role, according to sources familiar with the matter. Palia will remain with the organisation during the transition period, particularly as merger-related activities progress, to ensure a smooth handover.

Tata-backed Indian Hotels Company (IHCL) announced a profit of Rs 583 crore for the second quarter of the fiscal year, marking a 226% year-on-year (YoY) increase. IHCL also reported revenues of Rs 1,826 crore for the quarter, a 27.4% YoY rise. Puneet Chhatwal, MD & CEO, IHCL, talks to ET Now about what is making the hospitality sector and especially, IHCL succeed while the rest of the consumption sector industries are slowing down. Chhatwal also says that Q3 is always the strongest quarter, followed by Q4. As the sector is making money in Q1 and Q2, Q3, and Q4 are coming as a bumper on top. So the sector is doing well and Indian Hotels is very well positioned to take advantage of the possible tailwinds. On growth spurt in H2 Puneet Chhatwal: We have to look at quarter one and quarter two together. We are very much within our guidance which we said we will do a double-digit top line growth. And if you look at the first half, we are at 11% top line and that is my belief that demand will continue to outpace supply. And as India grows, as India's GDP grows, as India from number five becomes number three economy, it is just the beginning of a long journey for the hospitality sector. Within that, if we are India's largest hospitality ecosystem, we will stand to benefit.

Subscribe to enjoy similar stories. AHMEDABAD, India—Gautam Adani, the billionaire founder of one of India’s biggest business conglomerates, lies at the intersection of the country’s clean energy challenge to China. Adani Group, which built its energy empire on coal, is setting up an entire solar supply chain starting with indigenous manufacturing of ingots, wafers, cells and panels, and soon polysilicon.

Subscribe to enjoy similar stories. The Insolvency and Bankruptcy Code (IBC) has long been associated with delays and financial creditors taking significant losses in high-profile corporate insolvencies. In the recent past, various stakeholders including the Parliamentary Standing Committee on Finance, Reserve Bank of India (RBI) Governor Shaktikanta Das and India’s G-20 Sherpa Amitabh Kant have flagged concerns over delays and asked for a recovery boost.

Ayushman Bharat scheme. A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra issued the notice to the Centre and others on the petition filed by advocate Ashwini Kumar Upadhyay.

GAIL (India) Ltd. traded 2.54 per cent in Friday's trade at 02:09PM (IST). Around 502,607 shares changed hands on the counter. The scrip opened at Rs 210.40 and touched an intraday high and low of Rs 210.40 and Rs 203.90, respectively, in the session so far. The stock of GAIL (India) Ltd. quoted a 52-week high of Rs 246.35 and a 52-week low of Rs 122.90.

H-1B visa holding employees in the last eight years even as Indian IT services firms cut their reliance, as per an ET analysis.

Stocks that rallied over 10% included, Adroit Infotech (PP)(14.32%), Aksh Optifibre(12.23%), Sayaji Hotels(11.84%), Trans Freight(11.73%), Shiva Texyarn(10.82%), Reliance Chemo(10.08%) and BKV Industries(10.00%).

Unimark Business Solutions Private Ltd, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday. Proceeds from the fresh issue worth Rs 330 crore will be used for setting up a new plant of 1,200 TPD (tonnes per day) in Madhya Pradesh, Rs 85 crore for payment of debt and the rest towards general corporate purposes.

Salman Rushdie’s controversial novel, The Satanic Verses, after noting that authorities could not produce the notification that imposed the ban. In a ruling passed on November 5, a bench comprising Justices Rekha Palli and Saurabh Banerjee concluded that without the original ban notification, the case could not proceed and was therefore “infructuous”, a TOI report stated.

UPI 123Pay is a Suite of solutions developed for Non Smart phone, feature phone users to use the UPI without internet connectivity. There are no charges for transactions under UPI 123PAY.