India Financial News

Indian stock market, which was struggling amid FII outflows, disappointing Q2 results and valuation concerns, managed to throw out bears with the Sensex ending higher by over 900 points. Equity investors, who have historically had a liking for Republicans in Washington, cheered the mandate given to Trump amid hopes of tax cuts, increased government spending and deregulation.

In 2022, the Securities and Exchange Board of India (Sebi) laid down several guidelines to bring online bond platforms, or OBPs, under a regulatory framework to allow retail or individual investors to buy and sell bonds in a fair and transparent manner. For example, Sebi prohibited OBPs from offering unlisted bonds, as listed bonds are required to meet tighter disclosure rules.

Rahul Gandhi for making «baseless accusations» against Prime Minister Narendra Modi and asked him to examine facts before jumping to conclusions.

Indian exporters may face high customs duties for goods like automobiles, textiles and pharmaceuticals if the new US administration decides to pursue the 'America First' agenda, opined trade experts. Experts also said that Trump could also tighten H-1B visa rules, impacting costs and growth for Indian IT firms.

On the BSE, Intnl Comb Ltd(down 14.52 per cent), Gabriel Pet Straps(down 12.33 per cent), Clarus Infra(down 12.04 per cent), Galaxy Bearings(down 11.03 per cent) and KP Green Engineering(down 10.60 per cent) stood among the top losers in today's trade.

Adani Energy Solutions Ltd.(up 6.04%), Hitachi Energy India Ltd.(up 5.95%), Indo Tech Transformers Ltd.(up 5.00%), Reliance Power Ltd.(up 4.99%), KKV Agro Powers Ltd.(up 4.99%), NHPC Ltd.(up 4.69%), Adani Green Energy Ltd.(up 4.68%), Torrent Power Ltd.(up 4.60%), GE Power India Ltd.(up 4.39%) and JSW Energy Ltd.(up 4.25%) stood among the top gainers.

Sheetal Cool Products Ltd.(up 4.99%), Prataap Snacks Ltd.(up 4.37%), Bajaj Consumer Care Ltd.(up 4.08%), LT Foods Ltd.(up 3.97%), Tasty Bite Eatables Ltd.(up 3.36%), Umang Dairies Ltd.(up 3.18%), Vadilal Industries Ltd.(up 2.92%), Marico Ltd.(up 2.32%), Mrs. Bectors Food Specialities Ltd.(up 2.23%) and Varun Beverages Ltd.(up 2.21%) stood among the top gainers.

Bank Group, has committed USD 400 million (about Rs 3,300 crore) to help expand access to finance for customers opting to buy EVs and energy efficient consumer goods as well as support women-owned microenterprises. This USD 400 million support is part of the USD 1 billion fundraising exercise by Bajaj Finance Ltd (BFL). The funding aims to increase competitiveness in the climate finance market, support the country's climate goals, and promote financial inclusion, a joint statement said on Wednesday.

Subscribe to enjoy similar stories. At Ojas Art, New Delhi, an Untitled work by Bristol-based artist Jethro Buck catches the eye. Through one canvas, he has brought the past and present of miniature painting together.

Subscribe to enjoy similar stories. Mumbai: The Indian rupee is expected to remain under pressure on the back of a strengthening US dollar as Donald Trump wins the presidential race, experts said, prompting the Reserve Bank of India (RBI) to curb volatility in the forex market. On Wednesday, the rupee hit a record low and was trading at 84.28 against the dollar.

Subscribe to enjoy similar stories. Donald Trump is set to get elected as 47th President of the US. Equity markets globally seem to be celebrating his return to the White House.

VDA regulations in India VDA encompasses various kinds of digital assets. In India, VDA was formally recognised in March 2023, after the Ministry of Finance brought VDA under the Prevention of Money Laundering Act (PMLA). It mandates that all the VDA service providers operating in India should register with the Financial Intelligence Unit-India (FIU-IND) to combat money laundering and terrorist financing.

Akbaruddin Owaisi on Tuesday accused the political parties in Maharashtra of having no ideology left in them, and said he was being labelled as communal by those who indulge in divisive politics. He also asserted that the country belongs equally to all communities — those wearing turbans and skullcaps and those who sport a tilak on their foreheads. Owaisi, who is All India Majlis-e-Ittehadul Muslimeen (AIMIM)'s MLA from Telangana, was speaking at a public rally at the Amkhas Maidan here to campaign for his party candidates Imtiaz Jaleel, contesting the November 20 Maharashtra assembly polls from Aurangabad East, and Naser Siddiqui from Aurangabad Central.

«It is not as if everyone will get impacted because there will be shifting channels, because he wants to put more tariffs towards China and some other countries, so some other countries might benefit,» says Vinod Karki, Head of Strategy, ICICI Securities. It seems like Trump will definitely win the US elections. So, how do you see that impacting the Indian markets? Which sectors could benefit out of this? Which sectors stand to lose the most because of this change in US presidential candidate? Vinod Karki: This will be some kind of change some kind of direction in the market, I guess because if you remember, we were looking at a rate cut cycle. If you observe the markets, the bond yields in the US have risen almost 80 bps from September lows, 3.6, and now it is around 4.4. So, it is clearly indicating that the policies of Trump will be kind of inflationary in the sense tariff hikes and immigration rules and the tax cuts. And in the previous tenure, the fiscal deficit in the US under Trump really rose because of his policies.

Australia will clinch the Border-Gavaskar Trophy 3-1 against India as the visitors will find taking 20 wickets in a Test as their «biggest challenge» in absence of Mohammed Shami. Australia are keen on ending their barren run in the Border-Gavaskar with India winning each of the four series since 2014-15, including the historic triumphs Down Under in 2018-19 and 2020-21.

Air India has deployed additional resources, including help desk kiosks, at touch points and airports to ensure a smooth experience for Vistara passengers post its merger with the airline next week, an official said on Wednesday. Full-service carriers — Air India and Vistara, a joint venture between Tatas and Singapore Airlines — set to be merged on November 11. Post-merger, the routes and schedule operated by Vistara and the Vistara in-flight experience will remain the same.

India and the US have maintained strong ties in strategic areas of cooperation and technology over the years and that focus is expected to continue, Sindhu Gangadharan, new chairperson of IT industry association Nasscom said on Wednesday. The comment assumes significance as there have been broad concerns about the implications of US Presidential elections for over USD 250 billion Indian outsourcing industry as well as on employment-based immigration.

Maruti Suzuki India is targeting markets like UAE, Saudi Arabia, Chile, Mexico and other Latin American countries with its upcoming new version of compact sedan Dzire to accelerate exports as it eyes over 3 lakh units of overseas shipments this fiscal, a senior company official said on Wednesday. In the domestic market, the company hopes to enhance its share in the sedan market amid the passenger vehicles market shifting towards SUVs (Sports Utility Vehicles), with the new Dzire which is slated for launch next week.