India Financial News

Foreign investors pulled out a massive Rs 94,000 crore (around USD 11.2 billion) from the Indian stock market in October, making it the worst-ever month in terms of outflows, triggered by the elevated valuation of domestic equities and attractive valuations of Chinese stocks. Before this, foreign portfolio investors (FPIs) withdrew Rs 61,973 crore from equities in March 2020. The latest outflow came after a nine-month high investment of Rs 57,724 crore in September 2024.

pistol shooter Manu Bhaker has said that the struggles she had faced early on in her career has helped her develop patience and resilience. Bhaker, 22, created history at the Paris Games by becoming the first Indian in the post Independence era to win two medals in a single edition of the Olympics. The star shooter is least bothered about her critics and is simply focussed on her career. «I am really happy that I have already seen the downfall phase, it has taught me a lot of patience. It doesn't really bother me, what people talk on the social media. Honestly, I don't need to cope up with that, why would I need to do that?

Subscribe to enjoy similar stories. The Indian economy's performance improved in September compared to the previous month. However, there were still some signs of weakness compared to six months ago, showed the 16-high frequency indicators tracked by Mint in its monthly macro tracker.

Mumbai. New Zealand are already 2-0 up in the series. Will Young scored a gritty half century as New Zealand Young (51 runs off 100 balls) to help New Zealand reach a competitive total. For India, Ravindra Jadeja picked up five wickets and registered a ten-wicket haul for the match, while Ravichandran Ashwin grabbed three. Ajaz Patel and Matt Henry could add only three runs to New Zealand's total this morning having resumed at the overnight score of 171/9.

Swiggy stood at 5% or Rs 19 in the unlisted market three days ahead of its initial public offering (IPO), which will hit the Street on November 6 and will be available till November 8. However, a month ago, Swiggy shares were trading at Rs 515 in the unlisted market.

Ministry of Social Justice and Empowerment has extended by a year the tenure of a commission established to examine whether Scheduled Castes (SC) status can be granted to individuals who have converted to religions other than Sikhism and Buddhism. This decision, formalised through a notification dated November 1, comes as the Commission, initially set to conclude its work on October 10 sought additional time to finalise its report. The Commission of Inquiry was constituted on October 6, 2022, under the Commissions of Inquiry Act, 1952.

US election, and global market dynamics—will likely shape market movements. On Friday, the Nifty 50 and BSE Sensex rose by 0.41% and 0.42%, respectively, during a special Diwali «muhurat» trading session. Auto stocks led this upward move, bolstered by strong monthly sales data. «The domestic market showed positive reversal signs this week, aided by festive sentiment, steady institutional inflows, and declining oil prices,» said Vinod Nair, Head of Research at Geojit Financial Services. Market sentiment was also uplifted by easing geopolitical tensions and positive India-China relations.

Subscribe to enjoy similar stories. “This could be the perfect setting for a murder mystery," chuckled my friend Milena as we drove up to the ornate gates of Dhenkanal Palace, 75km from Bhubaneswar. “Nine guests arrive at a palace for a holiday.

Srinagar and Anantnag encounters in Jammu and Kashmir, Former J-K DGP Shesh Paul Vaid said that these terrorist attacks are «attempt» by Pakistan to destabilise India and create an atmosphere of dismay in the nation. Speaking to ANI, he said that ever since the formation of new government in J-K, terror attacks with same pattern have been witnessed in both Jammu and Kashmir regions. «They started with attacks in Jammu, and now the same pattern is being seen in Kashmir ever since the new government under the leadership of Omar Abdullah has been formed. All these are foreign terrorists… Even today, two terrorists have been neutralised in Anantnag and an encounter is currently going on in Srinagar… All this is an attempt by the Pakistan deep state to destabilise India and create an atmosphere of fear again...» Vaid said.

Kamala Harris' campaign Ajay Bhutoria said that Harris' presidential campaign is gaining momentum, with enthusiastic support from diverse communities across the United States and expressed confidence in the victory of Kamala Harris. With just three days to go for the election, Bhutoria noted that grassroots volunteers are knocking on 2,000 doors every minute in battleground states like Michigan, Philadelphia, and Pennsylvania. Bhutoria also said that under the Biden-Harris administration, the US-India partnership has seen growth in areas such as defence, healthcare, innovation, and semiconductors.

Anantnag encounter by the security forces, Brigadier Anirudh Chauhan, Commander 2 Sector RR of the Indian Army said that Lashkar-e-Toiba (LeT) and People's Anti-Fascist Front (PAFF) have received a major setback with their neutralisation. Chauhan added that the security forces have recovered heavy ammunition and explosives from the possession of terrorists. Addressing a press conference, he said, «Indian Army and J&K Police conducted a successful joint operation, Operation Halkan Gali, in a difficult terrain… We received a breakthrough when we received definite information that this terrorist group has returned to Laroo and is active there. Indian Army and J&K police made a joint plan and launched Operation Halkan Gali, in which Indian Army's 19 RR, 1 Para SF, 7 Para SF, and J&K Police acted together… Both terrorists were neutralised. Heavy ammunition and explosives were recovered from the terrorists… These two had previously attacked an Indian Army Camp in Kulgam in October 2023 and were involved in the killing of many non-locals… LeT and PAFF have received a major setback with their neutralisation...»

AM/NS India, a joint venture between ArcelorMittal and Japan’s Nippon Steel, is set to establish an integrated steel project of 17.8 million tonnes capacity, with a proposed aggregate investment of Rs 1.4 lakh crore, in the Anakapalli district of Andhra Pradesh. This would be one of the largest greenfield projects in recent times. In the first phase of the project, ArcelorMittal Nippon Steel will establish a 7.3 million metric tonnes per annum (MMTPA) capacity blast furnace steel plant with an initial investment of Rs 80,000 crore. The company has sought 2,600 acres of land for the first phase. In the second phase, AM/NS will add a capacity of 10.5 MMTPA with an investment of Rs 60,000 crore and has sought an additional 2,000 acres of land. According to government sources, about 1,800 acres of land is readily available adjacent to Nakkapalli bulk drug park and can be provided.

data centre boom globally, in addition to rapid 5G rollouts, is silently propelling the growth of another ancillary industry: Optic fibre cables (OFCs). With top dollar expected to flow into the segment in the next decade, service providers and fibre manufacturers are looking to simultaneously strengthen deployment locally and double down on building capacities and boosting exports. Investment banking firm Avendus Capital expects around $2 billion capital expenditure towards data centre fibre alone over the next decade, with global private equity funds eyeing the India opportunity. Deloitte estimates that overall fibre deployment in India will be 4 million kilometres in 2024, expected to expand at 12- 15% over the next two years. Manufacturers are also looking to harness India’s already established credentials. According to data from the Ministry of Commerce, India’s OFC exports to more than 100 countries in FY24 totalled Rs 39,600 crore. Nearly half of the shipments were to major European nations, including Spain, the Netherlands, Poland, Italy, and the Czech Republic.

(This story originally appeared in on Nov 02, 2024)

«We assess that Indian state-sponsored cyber threat actors likely conduct cyber threat activity against Government of Canada networks for the purpose of espionage,» the report said. The development comes as the bilateral relationship has gone south since Prime Minister Justin Trudeau said a year ago that Canada had credible evidence that agents of the Indian government were involved in the murder of Canadian Sikh activist Hardeep Singh Nijjar in British Columbia in June 2023, a charge dismissed as absurd by India.

Rohit Bal gathered alongside his family to pay their final respects to the designer who played a pivotal role in bringing Indian fashion to the global stage. Bal, one of India's most celebrated fashion designers, died on Friday night at a south Delhi hospital following a heart attack at the age of 63. He was cremated at the Lodhi Road crematorium here on Saturday. His funeral was attended by Sunil Sethi, the president of Fashion Design Council of India (FDCI), actor-model Arjun Rampal, designers JJ Valaya, Varun Bahl and Rohit Gandhi. The designer's mortal remains were kept at his Defence Colony residence, where many prominent personalities paid their last respects.

Kemi Badenoch on Saturday became the first Black woman to lead Britain's Conservative Party as she succeeded Rishi Sunak in the House of Commons as the Leader of Opposition. The 44-year-old Nigerian-heritage parliamentarian defeated former Cabinet minister Robert Jenrick after a three-month-long leadership election following Sunak's resignation after the Tories suffered a bruising general election defeat on July 4. The shadow secretary of state for Housing, Communities and Local Government began by thanking her predecessor – who was the first British Indian leader of the party. «I want to thank Rishi, no one could have worked harder in such difficult times. Rishi, thank you for everything you did. We all wish you and your wonderful family the very best for the future,» said Badenoch in her acceptance speech.

Coal India Ltd (CIL) has to ramp up production to higher levels in the future, Coal minister G Kishan Reddy said, as the state-owned behemoth entered its 50th year. CIL accounts for over 80 per cent of the domestic coal output. Coal is yet to peak to its full potential in the country, Reddy said, urging CIL to increase production to even higher levels, as per a statement by the coal ministry. Production through domestic sources is important to avoid expensive imports, Reddy said, adding that Coal India has to ramp up production to higher levels in the future.

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CMF Phone 1 Review: Look beyond the screwsWhile discussing Nothing's recent growth in India, Carl Pei noted that “India is the biggest market" for the company’s smartphones and highlighted that Nothing distinguishes itself as the only brand with true “differentiation" in a market largely dominated by Chinese brands. According to the latest Counterpoint data, Nothing was the fastest-growing brand in India, achieving a remarkable 510% year-over-year growth in shipments in Q3 2024 and entering the top 10 list for the first time.Answering a question about the importance of India for Nothing, Pei said, “It's the biggest market for us for smartphones… There's actually not a lot of competition. If you think about it, 80% of the market share in India.

assets amount to crores, reported TOI. Among the notable wealthy farmers in the electoral race are Chief Minister Eknath Shinde, Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar, Opposition Leader Vijay Wadettiwar of Congress, state BJP President Chandrashekhar Bawankule, state Congress Chief Nana Patole, and former Minister Aditya Thackeray, among others. An analysis by the Times of India shows that Shinde and his family have assets totaling Rs 37.7 crore, which includes Rs 9.2 crore in movable assets and Rs 28.5 crore in immovable assets. Former Chief Minister and current Deputy Chief Minister Devendra Fadnavis, a five-time MLA, has assets of Rs 13.3 crore, while Deputy CM Ajit Pawar has the highest declared assets among top state leaders at Rs 124.5 crore. Notably, all three ministers identify farming as their profession.