India Financial News

Subscribe to enjoy similar stories. There’s nothing wrong with a guilty pleasure. I watch many— many—television shows that I am somewhat ashamed of, yet I draw the line at the trashy reality show that is consumed for its own sordid trashiness.

Subscribe to enjoy similar stories. In the Dallas suburbs, Sangeeta Kulkarni lights an oil lamp in front of a wooden structure housing idols in her kitchen. The newly renovated area is dedicated to prayer and is backed by gold-and-white tiles matching the gilded trim and the white quartz countertop, the 41-year-old said.

Exercise Vajra Prahar 2024, a joint military exercise between the Indian Army and the US Army Special Forces, will take place at the Orchard Combat Training Centre in Idaho, USA, from November 2 to November 22, according to an official Indian Army statement. «The aim of Exercise Vajra Prahar is to promote military cooperation, strengthen interoperability, jointness, and mutual exchange of special operations tactics between the Indian Army and the US Army,» the Indian Army said via a post on X. The post also added, «Two nations, one mission: Training together for peace.»

Bhool Bhulaiyaa 3 has opened to positive reviews and is expected to perform well at the box office despite clash with another Diwali release, Singham Again. While Bhool Bhulaiyaa 3 bring a blend of horror-comedy to audiences while Singham Againa promises a mix of action and family entertainment. Analysts and exhibitors are optimistic on both the franchise films, especially given the star-studded casts and established fan bases of both movies, making them highly anticipated festival releases.

Economic Advisory Council to the Prime Minister, Bibek Debroy, passed away on Friday, aged 69. Debroy, a Padma Shri awardee, has held several key offices including Chairman of the Finance Ministry's 'Expert Committee for Infrastructure Classification and Financing Framework for Amrit Kaal' and a member of government think tank, NITI Aayog. But he gathered all the attention and made headlines when he proposed taxing agriculture income above a certain threshold to expand the tax base, alarming a large population in India, even the government.

Indian Army special contingent of 25 personnel departed to Indonesia on Friday for a joint exercise 'Garud Shakti'. The 9th edition of India-Indonesia Joint Special Forces Exercise Garud Shakti 24 will be conducted from November 1 till 12. The Indian Army personnel will be reaching Cijantung in Jakarta, Indonesia.

logistics services provider the Rhenus Group, which entered India through a joint venture in 2010, is now expanding its business by focussing on smaller towns. It expects more demand for efficient logistics as e-commerce grows.

Lok Sabha Secretariat announced on Thursday that the Joint Committee on the Waqf (Amendment) Bill, 2024, will conduct a study tour across five Indian cities. The committee will visit Guwahati, Bhubaneswar, Kolkata, Patna, and Lucknow from November 9 to November 14, as part of its examination of the Waqf (Amendment) Bill, 2024. According to an official communication from Joint Secretary JM Baisakh, the study visit program is designed to assist committee members in their review of the proposed bill.

Indian Premier League (IPL) franchises announced their list of player retention on Thursday, October 31, ahead of the highly anticipated 2025 mega-auction. With franchises eager to secure their core talents, an impressive amount was spent to retain top players, including some rising stars. Notably, Punjab Kings took a conservative approach, retaining only two players, while other teams kept their essential players intact. The auction is scheduled for November and December, where franchises will look to fill the remaining slots. Rajasthan Royals (RR) committed to retaining six key players, leaving them with a remaining purse of Rs 41 crore for the auction. In contrast, Punjab Kings (PBKS) enter the bidding with a hefty Rs 110.5 crore, positioning them well to compete for high-value players. South African wicketkeeper-batter Heinrich Klaasen emerged as the most expensive retention, with SunRisers Hyderabad (SRH) valuing him at Rs 23 crore. Meanwhile, Virat Kohli secured his position as the priciest Indian player, with Royal Challengers Bangalore (RCB) allocating Rs 21 crore to retain him.

Chakri Lokapriya, Managing Partner, RSB LLP, says he is not too hot on pharma as a sector. It is still a very stock-specific approach. So, maybe Piramal or mostly Cipla. It has various overhangs, including FDA approval and that would probably add about 10% to EPS. Even after today's run, the stock has another 15% upside over the next 12 months. Outside of that, Mankind Pharma, from a consumer uptake perspective, still looks okay. The word on the Street is that perhaps Diwali discounting is at play when it comes to the stock markets. Are you utilising that, buying anything at lower levels? Chakri Lokapriya: One should clearly buy IT in market fall because Wednesday’s fall in the US was on the fears of a slowdown of Facebook and Microsoft. But why did they slow down? They said that they would spend a lot on IT infrastructure. Now, that is good news for Indian IT companies and therefore, in today’s fall we should go and buy HCL Tech, Mphasis, all those companies which cater to the BFSI industry.

When life throws financial surprises, even the best-laid plans can feel inadequate. Instead of liquidating investments to raise cash, a more strategic option could be a loan against shares (LAS), which offers a low-cost borrowing route with interest rates between 9-12%.

In a recent move to tighten regulations in the mutual fund industry, the Securities and Exchange Board of India (Sebi) has issued a consultation paper proposing stricter guidelines for deploying funds collected through new fund offers (NFOs) by asset management companies (AMCs). 

Subscribe to enjoy similar stories. Muddled captaincy, wrong decisions, faulty selection, decline of stalwarts—it was a perfect storm that flattened India at home after a 12-year winning run. India’s Test series loss to New Zealand, going 2-0 down in Pune on 26 October, came after 18 consecutive home series wins.

India's economy has been a shining star when it comes to growth. Even as IMF lowered expectations for the world, including China's, it bumped up India's. So, there's little debate about the direction of the economy.

Reserve Bank of India (RBI) seeking integration with its Centralised Information Management System (CIMS) platform, aiming for real-time verification of limit utilisation under the Liberal Remittance Scheme (LRS), said people familiar with the development. Under the LRS, Indian citizens can remit up to $250,000 per financial year for various permissible transactions. The move can also fast-track the inclusion of international credit card spending under LRS regulations, the people said.

Modi condoled the demise of BPL Group founder T P Gopalan Nambiar on Thursday and said the pioneering innovator and industrialist was a strong votary of making India economically strong. Nambiar (94), the founder of Indian electronic company BPL Group, died on Thursday, family sources said.

GoI is finally focusing its attention to ensure national sports federations serve to promote their sport and athletes rather than become a hindrance. The draft National Sports Governance Bill 2024 focuses on building institutional capacity and governance standards for national sports federations. The aim is to build a modern, flexible and empowered sports administration aligned with Olympic and Paralympic charters. This was a much-needed regulatory intervention, considering the controversies over sexual harassment, favouritism, opaqueness and misgovernance that have dogged a range of federations.

India vs New Zealand Live Score, 3rd Test Day 1: Rohit Sharma-led Team India will aim to avoid a whitewash at the Wankhede Stadium in Mumbai as they take on New Zealand in the third and final match of the series. Notably, the Kiwis ended India's 4,331-day unbeaten home series run by securing victories in Pune and Bengaluru.After a string of changes to the playing XI following the defeat in Bengaluru, it will be interesting to see if Gautam Gambhir and Rohit Sharma make further adjustments for the final Test or stick with the same XI that played in Pune.

Delhi, NCR AQI Live Updates: The air quality in the national capital, Delhi, continues to be a concern as it remains in the ‘very poor’ category a day after the Diwali festivities.

e-commerce giants Google, Meta, Amazon, and Flipkart collectively generated over Rs 60,000 crore in advertising revenue in FY24, a 9% increase from Rs 55,053 crore in FY23, according to Registrar of Companies (RoC) filings. For the first time, the Indian arms of Google and Meta surpassed Rs 50,000 crore in combined gross revenue. The marketplace arms of Flipkart and Amazon garnered over Rs 10,000 crore in cumulative ad revenue, with Flipkart Internet alone raking in close to Rs 5,000 crore. Amazon Seller Services, which generated Rs 5,380 crore in ad revenue in FY23, has yet to publish its annual report. However, sources indicate that the company is likely to report strong ad revenue earnings in line with industry trends.

European Commission has approved the creation of a joint venture, Star India, by Reliance Industries Ltd (RIL), The Walt Disney Co. (TWDC), and BTS Investment 1, the latter owned by James Murdoch and Uday Shankar. The commission concluded that the transaction would not raise competition concerns, given the joint venture's negligible activities within the European Economic Area and the limited combined market share of the involved companies. The merger between RIL's Viacom18 and Disney's Star India is expected to conclude in early November, following approvals from the Competition Commission of India, the National Company Law Tribunal and the Ministry of Information and Broadcasting. A senior official had earlier told ET that some international clearances were awaited.