India Financial News

Suzlon Energy stock will be in focus on Tuesday after the company reported a 96% jump in its September quarter consolidated net profit at Rs 201 crore versus Rs 102 crore reported by it in the year ago period. Company's revenue from operations during the quarter stood at Rs 2,093 crore which was up 48% over Rs 1,417 crore reported in the corresponding quarter of the previous financial year.

Lonely Planet reveals its top 10 must-visit destinations for 2025. The travel publishing giant’s list is spread over cities, countries and regions, with Puducherry in India, Osaka in Japan and Edmonton in Canada all making the cut as urban hot spots. Puducherry (formerly known as Pondicherry) is reimagining itself as “a top destination for sand and surf, with an extensive project that’s reclaiming the beaches that eroded into the sea,” Nitya Chambers, Lonely Planet’s SVP, content and executive editor, told CNN.

Retail investors in the Indian stock markets are surging, a recent report by National Stock Exchange (NSE), highlighted that around 37 lakh new retail investors joined NSE in September taking the total investor base to 10.37 crore. This increase comes as the Nifty index also rose by nearly 3 per cent during the same period, highlighting a continued interest and confidence among investors in the stock markets.

Sun Pharma shares will be in the spotlight on Tuesday after the company reported 28% year-on-year (YoY) growth in its consolidated net profit at Rs 3,040 crore in the second quarter. The same stood at Rs 2,375 crore in the last year quarter. Revenue from operations in the reporting period rose 9% YoY to Rs 13,291 crore.

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Subscribe to enjoy similar stories. India’s reliance on imported crude oil is getting worse. The latest government data shows that the country imported 88.2% of the oil it consumed in the first half of 2024-25, up from 87.6% a year earlier.

earnings season is underway and as many as 139 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out include that of Maruti, Adani Enterprises, Adani Ports, Cipla, Canara Bank, SBI Cards, Hudco. Apart from the above, Apar Industries, APL Apollo Tubes, BCL Industries, Blue Jet Healthcare, Container Corp, Edelweiss Financial, Force Motors, Goenka Business, Kaka Industries, Vedant Fashions, Star Health and a few others will announce their quarterly results.

North Korea has sent about 10,000 troops to Russia to train and likely fight against Ukraine within «the next several weeks,» the Pentagon said Monday, in a move that Western leaders say will intensify the almost three-year war and jolt relations in the Indo-Pacific region. Some of the North Korean soldiers have already moved closer to Ukraine, Pentagon spokeswoman Sabrina Singh said, and were believed to be heading for the Kursk border region, where Russia has been struggling to push back a Ukrainian incursion. Earlier Monday, NATO Secretary-General Mark Rutte NATO confirmed recent Ukrainian intelligence reports that some North Korean military units were already in the Kursk region.

Subscribe to enjoy similar stories. Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez on Monday inaugurated the Tata Aircraft Complex in Vadodara, Gujarat, where India’s first privately built C-295 aircraft will be made by a Tata-Airbus partnership. It’s a military transport plane and India is to receive 16 of these in fly-away condition directly from an Airbus plant in Spain, while another 40 are to be made in Vadodara.

NASA astronaut Sunita Williams, known for her pioneering achievements in space, marked this year’s Diwali with a special greeting sent from 260 miles above Earth. Williams, who has spent nearly five months on the International Space Station (ISS), shared her reflections on Diwali, her cultural roots, and the importance of family traditions in a video message aimed at celebrating the Indian festival of lights.

«We expect the truncated week to remain sideways amid a mixed Q2 season, monthly FNO expiry and continued selling by FIIs. Key results to watch out for tomorrow will be Maruti Suzuki, Adani Enterprise, Adani Ports, and Cipla amongst others,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.

Quick commerce platforms are seeing a surge in Diwali gift orders as they seek to increase their market share during the festive season. Zomato-owned Blinkit, Swiggy Instamart and General Catalyst-backed Zepto have rolled out features like equated monthly instalments (EMI), postpaid options, 10-minute returns for clothing and footwear, and expanded their inventory with popular festival-related products. The ultra-fast delivery model aided by discounts has been the key driver for these platforms, with a shift toward quick commerce in the last week of festive sales, according to ecommerce consultancy Datum Intelligence. These platforms have created a separate Diwali section on their apps, featuring categories such as puja essentials, Dhanteras items, gifting, home decor, party supplies, fashion, electronics, sweets, and dry fruits.

artificial intelligence (AI) revolution – this was Nvidia founder and chief executiveJensen Huang’s clarion call to India Inc at ET Conversations in Mumbai last Friday. The Indian market is currently dominated by Amazon Web Services (AWS), Microsoft Azure and Google Cloud. But are there any domestic players that are equipped to take on the three global hyperscalers? There are local alternatives, such as E2E, according to Pratik Desai, founder of agricultural AI startup Kissan AI – which uses Azure as the primary cloud provider and AWS as a secondary cloud provider – but they are catching up in terms of cost and integrated services.

startup ecosystem, the strength of its digital economy and the proliferation of the world’s largest global capability centres (GCCs) in the country will position India as one of the top three artificial intelligence (AI) economies globally, said Shanker Trivedi, senior vice president of enterprise business at Nvidia, the world’s largest chip maker, in conversation with Himanshi Lohchab & Surabhi Agarwal. “India has unique characteristics. Some other regions are still a fragmented market. But India has always been one market with one currency, even while multiple cultures exist,” he told ET in an exclusive interview. “Even the market in Nagaland is bigger, I can assure you, than some other nations. And I bet you, there’s somebody in Kohima right now planning a startup using this amazing infrastructure and platform,” said Trivedi, who has helmed Nvidia’s enterprise business for 15 years and is now a key member of chief executive Jensen Huang’s core team.

Russia has made aproposal to allow Indian airlines to operate local flights within its territory, as its own carriers are unable to meet demand because of Western sanctions cutting off their access to US and European aircraft manufacturers and component supplies. Russia approached India as well as China and a few Central Asian nations a month back, with a ‘cabotage’ proposal to allow their airlines to operate flights on its domestic routes, people aware of the development said. The matter was again raised during Prime Minister Narendra Modi’s visit to Russia last week for the BRICS summit, they said. However, Indian airlines have expressed reservations over the proposal and told the government that it would not be viable for them to operate within Russia, the people said.

vehicle demand. The Nifty Auto index has declined over 11% in the past month as against the 5.7% decline in the benchmark Nifty. Analysts said the Auto index could drop at least 10-15% from the current levels. «Post-Covid, auto shares have experienced a bull run, and despite some adjustments over the past six months, valuations remain stretched,» said Krishna Appala, senior research analyst, Capitalmind Research. «If earnings growth doesn't hold up, corrections of around 10-15% are likely, as share prices have already surged over the last three years.»

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Brian Cox, known for his role in Succession, will voice Santa Claus in Netflix’s animated holiday movie That Christmas. The film is an adaptation of a children’s book trilogy by Richard Curtis, known for films like Love Actually and Notting Hill. Curtis makes his animation debut with this festive project.

Multilateral development banks (MDBs) have embarked on reforms but the pace and ambition fall «well short» of what was recommended and what is required, said Lawrence Summers and NK Singh, who were co-conveners of the G20 Independent Expert Group on MDB Reforms under India's presidency last year. «In our view, the shortsighted approach of waiting until a crisis hits before acting forcefully on MDB reform will turn out to be a costly misjudgment. Time is not on our side,» they said in a latest report card on MDB reforms. Summers, president emeritus at Harvard University, and Singh, a former senior bureaucrat, had recommended a vision for better, bolder, bigger MDBs as a central tool to respond to the issues facing emerging markets and developing economies. The Brazilian G20 presidency this year has followed up by developing a road map of MDB reforms.

A port in Vizhinjam was one of former Kerala CM Oommen Chandy's dreams. Multiple governments attempted to construct a port in the PPP mode but failed. IFC, which was roped in to prepare a report, pointed out that the project would not be viable on a standalone basis without substantial government funding of 85% of the cost. Even though the project was financially unviable, both CPI(M)-led and Congress-led political formations were intent on developing the port. They both knew it had the potential to change the economic landscape of Kerala. Planning Commission's help was sought.

The census starting from next year would update the National Population Register, also changing future census cycles completely, official sources said. The Registrar General of India is holding consultations with all the stakeholders and state governments, officials said, adding that around 30 questions have been prepared for citizens. The questions include the number of persons residing in households, whether the head of a household is a woman, whether they have a telephone, internet connection, mobile or smartphone, bicycle, scooter or motorcycle, and whether they own a car, jeep or a van, among others.