India Financial News

The NSE Nifty index traded 78.25 points down at 24262.6, while BSE Sensex was 291.45 points at 79650.73 as of 10:44AM(IST)on October 31.

soan papdi, as they navigate their preparations for the celebrations.

Subscribe to enjoy similar stories. At the 39th ASEAN Roundtable, hosted by a research institute in Singapore on October 28th, the room was split. With Asia riven by an assertive China and a protectionist America, some attendees called for hard-headed thinking about trade-offs.

IPL 2025 Retention Live Updates: The whole cricketing world is abuzz with the IPL 2025 Retention as the deadline draws near. All the 10 franchises will get time till 5 PM IST on October 31. 2024 to finalise their core group of players they want to retain from the previous season.

Reasons to buyReasons to avoidThe SUNFLAME Coverage 3B Burner Gas Stove features a toughened glass top and ergonomic design for added convenience. With three high-efficiency brass burners, this stove provides even heat distribution for efficient cooking.

Subscribe to enjoy similar stories. The latest quarterly earnings of Indian companies point to an economy that appears to be entering a cyclical downturn. On the other hand, large companies are now more reasonably valued than they were in the past four years, says Saurabh Mukherjea, founder and chief investment officer at Marcellus Investment Managers.

HDB Financial Services, the non-banking lending unit of HDFC Bank, has filed for an initial public offering of up to Rs 12,500 crore ($1.49 billion), in line with its parent's announcement earlier this month. HDFC Bank, which holds a 94.6% stake in the lender, will sell shares worth up to Rs 10,000 crore, while HDB Financial will issue fresh shares worth up to Rs 2,500 crore according to draft papers filed late on Wednesday.

Swiggy gears up for its highly anticipated IPO, the food delivery giant has set its price band with an upper limit of Rs 390 per share. This might come as a little surprise for investors who acquired the company's unlisted shares when they were trading at around Rs 530 a month ago. There’s still a possibility that Swiggy shares could list at a premium, far higher than the IPO price if the issue garners strong demand and market sentiments are positive.

DoT) has asked both Elon Musk-owned Starlink and Jeff Bezos’s Amazon to provide compliances regarding certain security parameters as it looks to process their applications for offering satellite communications services in the country. Officials aware of the details told ET that letters to both the US-based firms were sent recently and the department is awaiting their reply. “Their applications can be processed only after they submit the compliance. The firms have so far not replied,” said a person familiar with the details. Another official said the government will wait for some more time for their reply and may also send a reminder, but the applications won’t be processed till they agree to all the security conditions.

rural distress, a still robust corporate capex outlook, and a cyclical recovery in the festive and wedding seasons,” says Amit Goel, co-founder and chief global strategist at Pace 360. In an interview with ETMarkets, Goel said: “We believe that with the October correction, we are in a better position, as expectations have come down. We have a clear runway of 2-3 months where the Indian economy can perform well, provided the global slowdown does not worsen,” Edited excerpts:

Subscribe to enjoy similar stories. That artificial intelligence (AI) would start taking over software coding was anticipated. Sundar Pichai, chief of Google’s parent Alphabet, has put out a figure that offers us a sense of its speed.

Subscribe to enjoy similar stories. Gold is heavy. Moving it is an onerous task.

Subscribe to enjoy similar stories. When Presolv360 began operations in 2017, most companies and individuals still preferred to gather in dim court halls to resolve their disputes.

Subscribe to enjoy similar stories. NEW DELHI : India's anti-trust regulator has set up an internal committee to recommend a set of norms on ‘conflict of interest’ for officials, according to two persons aware of the development. Once the draft regulations are ready, the Competition Commission of India (CCI) is likely to seek public comments before implementing it, one of the persons said on the condition of anonymity.

Subscribe to enjoy similar stories. India’s growing prominence on the global tech stage is attracting industry heavyweights, though not without friction. The country’s IT sector is globally renowned not just for its scale but also for its deep expertise in computer science.

Dhanteras, which marks the start of Diwali, was celebrated. Better tax structure for these products and strong returns in the recent past prompted investors to buy gold and silver ETFs on that day, considered auspicious for buying precious metals. The combined turnover of gold and silver ETFs stood at ₹428 crore on October 29 as against ₹89 crore on the eve of Dhanteras last year. While gold ETF volumes surged from ₹65 crore to ₹236 crore, silver volumes jumped from ₹23.6 crore to ₹191.6 crore. ETFs are bought and sold like listed stocks.

The number of ex-China EM funds has nearly doubled to 70 worldwide in two years, Morningstar data showed, reflecting a robust investor appetite for such assets outside of China.

Bharti Telecom, a key holding company of the Bharti Group for its telecom business, is raising ₹11,150 crore through a new issuance of non-convertible debentures (NCDs), mainly to refinance existing high-cost debt, said people close to the development. The issuance is divided across various tenors and series. The annual coupon rate for the debentures will range from 8.25% to 8.9%, with payments to be made annually and upon maturity for each respective tranche.

Tamil Nadu’s Ranipet district, famed for being a hub for power loom weaving. But the small town, which is barely a hundred kilometres from state capital Chennai, is now poised to emerge as a nodal destination for global automobile manufacturing. In September, Tata Motors broke ground for its Rs 9,000 crore greenfield factory designed to produce cars for local and overseas markets for Tata Motors and JLR. The ambitious project is expected to create over 5,000 employment opportunities--both direct and indirect--and drive significant skill-building in the local community. Panapakkam has a population of around 11,536 as per 2011 census with residents primarily engaged in agriculture and weaving. The town is known as the production centre for power loom lungis, the sarong-like wrap favoured as everyday wear by multitudes of south Indian men.

payments pie, have drastically cut down on these spends. PhonePe, Paytm, Amazon Pay and Cred have all cut down on their overall marketing spends and have reduced the incentives for their customers, data from the last two years show. Walmart-backed PhonePe, for example, spent only Rs 15 crore on customer incentives in the financial year 2024, down from Rs 950 crore in FY2019, according to its annual report.

Asset Reconstruction Company (ARC), a joint venture between Aditya Birla Capital and Varde Partners, is winding down its India operations, marking the latest in a series of fund-backed ARCs exiting the country. The move follows recent exits by Arcion Revitalization — a JV between Apollo Global and ICICI Bank — and Lone Star India, underscoring the increasing challenges in India's ARC sector as non-performing loans (NPLs) hit a 12-year low. This decline is largely credited to India's 2016 Insolvency and Bankruptcy Code (IBC) and the rise of the government-backed National Asset Reconstruction Company (NARCL).