India Financial News

Kiren Rijiju on Friday said he interacted with soldiers of China's People's Liberation Army along the Sino-Indian border near here during a visit to an Indian Army post on Diwali. Rijiju also said he celebrated Diwali with the Army jawans at Bumla in Arunachal Pradesh on Thursday. In the short video, posted on X, the union minister of parliamentary and minority affairs was seen talking to three PLA soldiers through an interpreter asking them how they were managing while being posted in such a high-altitude area which is located 15,000 feet above sea level. The PLA soldiers replied that they had no problems while serving in such areas and they were comfortable.

MUMBAI: Succession planning for DINKs and SINKs—relevant?

Subscribe to enjoy similar stories. New Delhi: Apple on Friday logged an estimated $3.75-4 billion in India revenue in July-September, its highest quarterly sales in the country and the 10th straight three-month period when the iPhone maker's quarterly revenue has been higher year-on-year in the world's fifth-largest economy. In July-September of 2023, Apple's India revenue was estimated at $2.5 billion.

India reported a 5.5% growth in iron-ore output at 135 million tonnes (MT) for the first half of the current financial year 2024-25. The country produced 128 MT iron-ore in the same months of the previous fiscal. Manganese ore production also rose by 6.2% to 1.7 MMT in fiscal 2024-25 from 1.6 MMT during the corresponding period of previous year. India also reported higher coal output during October 2024. Among non-ferrous metals, primary aluminium production in the months under review rose 1.2% over the corresponding period last year, increasing to 20.90 lakh ton (LT) during fiscal 2024-25. Refined copper production grew by 4.6% from 2.39 LT to 2.50 LT. According to the Mines Ministry, India is the second largest aluminium producer, among top 10 refined copper producers and fourth largest iron ore producer in the world. “These growth trends point towards continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery,” a Mines Ministry statement said.

Typically, the RBI, from time to time, intervenes in the market through liquidity management, including through the selling of dollars, with a view to preventing a steep depreciation in the rupee. The RBI closely monitors the foreign exchange markets and intervenes only to maintain orderly market conditions by containing excessive volatility in the exchange rate, without reference to any pre-determined target level or band.

Social media major Meta's advertisement unit, Facebook India Online Services, has posted a 43% growth in profit to Rs 504.9 crore in the financial year ended on March 31, 2024, according to documents shared by Tofler. The company had posted a profit of Rs 352.91 crore in FY2023. Facebook India Online Services Private Limited is engaged in the business of selling advertising inventory to customers in India and providing IT-enabled support services and design support services to Meta Platforms Inc. The company reported a 9.33% increase in turnover to Rs 3,034.82 crore in FY24 against Rs 2,775.78 crore in FY23.

Indian indices have fallen 7-8% in the last month, wherein US indices have inched up 1-2% and the rest of world, including China, being stable. This could be due to two reasons a) The Chinese stimulus package announced in September to revise their real estate and stock markets b) Weaker than expected earnings results for India Inc. in Q2F2025 so far. FII outflow at over US$ 10 billion has been unprecedented, probably moving into China. The India Earnings growth story has been delayed but not derailed and it is just a matter of time. The themes we would like to be invested in the current environment are largely domestic facing sectors like the capex-related power sector against global, especially since we are having strong economic tailwinds and global headwinds for slowdown in growth. In the global facing sector, we would like to be invested in India’s outsourcing stories like pharmaceuticals.

Subscribe to enjoy similar stories. Mumbai: India's ambulance sector is seeing an upgrade with several start-ups and the state government not just working to address the deficit but also upgrading it by launching advanced ambulances. For instance, Maharashtra’s hinterland is set to get a key medical upgrade with the state government partnering with Sumeet-SSG—a joint venture between Pune-based Sumeet Group Enterprises’s and Spanish emergency transport provider SSG Matrix—to deploy a fleet of 1,756 advanced ambulances.

Subscribe to enjoy similar stories. One of the key strengths of a good bartender is a razor-sharp memory. It’s useful not only to recall recipes in seconds, but also remember details, like a patron’s name and their preferences.

Subscribe to enjoy similar stories. Sujit Saraf’s new novel, Island, takes its cue from a macabre tragedy that shook the world in 2018.

Indian carmakers reported a surge in sports utility vehicle sales to dealers in the festive month of October, company data showed on Friday, while the small-car segment stayed sluggish, highlighting customers' increasing preference for larger, premium cars. Maruti Suzuki, India's No. 1 carmaker in terms of market share, posted a 19.4% rise in SUV sales to hit a record high, while No. 2 SUV-maker Mahindra and Mahindra posted its highest monthly sales in the current fiscal year, a 25% rise.

tax in October, 9% higher than the same period last year, the government said on Friday. The government had collected 1.72 trillion rupees in October 2023. After refunds, the government's net tax collections were 1.68 trillion rupees in October 2024, or 8% higher than last year, the government said in a statement.

analogue space mission kicked off in Leh on Friday. «A collaborative effort by Human Spaceflight Centre, ISRO, AAKA Space Studio, University of Ladakh, IIT Bombay, and Ladakh Autonomous Hill Development Council, this mission will simulate life in an interplanetary habitat to tackle the challenges of a base station beyond Earth,» the Indian Space Research Organisation (Isro) said in a post on microblogging site X. Aaka Space Studio, a private company specialising in space architecture and analogue research, is set to lead a 21-day Mars and Moon mission in the rugged terrain of Ladakh, the company said in a press statement.

JSW MG Motor India on Friday reported a 31 per cent year-on-year rise in wholesales at 7,045 units in October 2024. New energy vehicles (NEVs) remain a significant part of its overall sales, contributing over 70 per cent to the total volume in October, JSW MG Motor India said in a statement.

real estate prices between India and the United States. Ahluwalia shared a side-by-side comparison, asking followers, “Which $3M apartment would you prefer?” This question sparked considerable debate about the perceived overpricing of real estate in India, leading many to question the market dynamics. In Gurgaon, an investment of approximately ₹26.8 crore (around $3 million) can secure a 4BHK or 5BHK apartment in a prestigious residential society. Listings from 99 Acres show that this amount affords a property exceeding 5,000 square feet, equipped with amenities like a swimming pool, covered parking, a gym, a spa, and access to green spaces. While this offers a luxurious lifestyle, it is strikingly different from what the same sum can purchase in New York.

ISRO on Friday said that its analogue space mission has taken off at Leh in Ladakh. This mission will simulate life in an interplanetary habitat to tackle the challenges of a base station beyond Earth, the space agency said in a post on 'X'.

Canadian Prime Minister, Justin Trudeau, on Friday extended Diwali wishes amid tensions with India. «Today, we join millions of people in Canada and around the world to celebrate Diwali,» his statement read. “Diwali in Canada would not be possible without our incredible Indo-Canadian community," it further said. While lauding the Indo-Canadians, the PM said that they represent the best of Canada – as artists and entrepreneurs, as doctors and teachers, as leaders in business, community, and culture. «On Diwali, we celebrate them and the light they carry across Canada’s communities,» he further added. Explaining the significance of the auspicious occasion, Trudeau's statement read, «Diwali celebrates the triumph of good over evil, of knowledge over ignorance. On this day, families will gather to pray at mandirs, exchange gifts, and take part in festivities across the country. Homes will be lit with candles and diyas. Fireworks will embrace the sky. This is a holiday of hope, and the bright lights of Diwali encourage us all to defeat darkness and find purpose.»

Muhurat trading is traditionally held on the evening of Diwali, symbolizing new beginnings and prosperity. Investors treat this day as an opportunity to make fresh investments, believing that trades made during this auspicious hour will yield fruitful returns throughout the year. The atmosphere is charged with optimism as traders engage in buying stocks, often driven by sentiment rather than mere financial analysis. Notably, the Sensex has closed positively in 8 of the last 10 years on this day, enhancing its reputation for bringing good fortune for investors. The Sensex has experienced substantial growth over the last ten years. From a value of approximately 26,850 points in 2014, it surged to an all-time high of about 85,978 points in September 2024. This impressive trajectory reflects an average annual growth rate that has consistently attracted both domestic and foreign investors. The index's performance is not just a reflection of market trends but also indicative of India's economic resilience and growth potential.

OnePlus 13 features a 6.82-inch BOE X2 2K+ AMOLED display with a peak brightness of 4,500 nits, 2160Hz PWM dimming, and the world’s first DisplayMate A++ rating.On the optics front, the OnePlus 13 includes a triple camera setup on the back, featuring a Sony LYT 808 primary sensor, a 50MP Sony LYT600 telephoto lens with 3x optical zoom, and a 50MP Samsung JN1 ultra-wide angle lens. For selfies and video calls, there’s a 32MP Sony IMX612 front-facing camera.As mentioned earlier, the OnePlus 13 is powered by the Snapdragon 8 Elite processor, with an impressive AnTuTu score of 3.18 million.

Subscribe to enjoy similar stories. Southern film heroes Prabhas and Jr NTR are reaping the benefits of their movies such as Baahubali and RRR, which turned out to be massive hits in the Hindi-speaking northern belt. Their new releases such as Salaar and Devara, dubbed in Hindi, are generating box-office success even though they are unrelated to their earlier hits, trade experts said.

India vs Pakistan Live Score, Hong Kong Super Sixes: India and Pakistan will once again renew their rivalry as both teams are all set to face off in a much-anticipated Hong Kong Super Sixes encounter on Friday. Returning after a seven-year hiatus Hong Kong Super Sixes has garnered much attention where records are expected to tumble on every single day. India have faced PakistanAfter Shahbaz Nadeem, Muhammad Akhlaq smashes Manoj Tiwary for two fours and a six in the fourth over.