India Financial News

Economic Survey for September and said that inflation expectations in India are softening, indicating reduced inflationary concerns. The report said that both household and business surveys by the Reserve Bank of India (RBI) and the Indian Institute of Management, Ahmedabad (IIM-A) suggest a stable demand environment, despite the impact of price fluctuations in key food items on headline inflation. «The headline inflation rate, influenced as it is by a few food items, may not be the most accurate gauge of underlying demand,» the government said.

Dhriti Prasanna Mahanta, VP and Business Head, TeamLease Degree Apprenticeship, says these changes have led to increased demand for specialised roles. Mid-senior level hiring now includes positions like credit analysts, investment bankers and financial analysts who focus on risk evaluation, capital management and financial planning. Asset managers oversee investment portfolios, while product managers develop innovative financial products. In fintech, roles such as cybersecurity managers, data scientists, research analysts, software developers, machine learning experts and database architects have become crucial, leveraging advanced analytics and technology to drive business growth and enhance customer experiences. Aatash Shah, SVP and Head-Business, Manipal Academy of BFSI, says with 80% of transactions happening through digital platforms, operations roles are transitioning to digital-first, and recruitment now focuses on customer engagement via digital channels. This reflects the broader industry trend of moving towards digitally savvy roles over traditional operational positions.

DXY is significantly influenced by the economic and fiscal policies proposed by the U.S. administration. With Donald Trump and Kamala Harris outlining distinct policy paths, the DXY could experience notable fluctuations, which in turn would directly affect the Indian rupee and stock markets.

Shakti Pumps (India) Ltd (SPIL) has reported a multifold jump in consolidated profit after tax in the quarter ended September to Rs 101.4 crore, on account of a surge in revenues. It had posted Rs 6 crore profit after tax (PAT) in the July-September quarter of the preceding 2023-24 fiscal, the company said in statement issued on Monday. During the second quarter, the company's revenue from operations also rose four-fold to Rs 634.6 crore, from Rs 152.8 crore a year ago.

C-295 aircraft facility inaugurated in Vadodara was earlier supposed to be set up in Nagpur and alleged that under Prime Minister Narendra Modi's instructions, the Centre and the Mahayuti dispensation have conspired to ensure the "wholesale surrender" of Maharashtra's interests. Congress general secretary in-charge communications Jairam Ramesh said the people of Maharashtra will give a befitting reply to the PM and his colleagues for their betrayal of the state. The opposition party's attack came after Prime Minister Modi and his Spanish counterpart Pedro Sanchez inaugurated the Tata Advanced System Limited (TASL)-Airbus facility to manufacture C-295 military aircraft in India. The Tata-Airbus facility is the first private sector final assembly line for military aircraft in India. «Today, the non-biological PM is in Vadodara to launch the Tata-Airbus C-295 aircraft facility. This exact same project was supposed to be set up in Nagpur, but was shifted to Gujarat in 2022 on the eve of the assembly elections there,» Ramesh said in his post on X.

equity mutual funds have offered over 25% returns in both three- and five-year periods. We have looked at the performance of 193 equity mutual funds, which have completed five years of existence in the market. Four smallcap funds, two midcaps and one multicap fund offered over 25% returns in the mentioned horizons. Also Read | Samvat 2081: How mutual fund investors can tweak their investment strategy this Diwali

Ajmera Realty & Infra India Limited on Monday reported a 57 per cent increase in its consolidated net profit to Rs 35.35 crore in the September quarter. Its net profit stood at Rs 22.53 crore in the year-ago period. Total income rose to Rs 204.12 crore in the second quarter of the current fiscal from Rs 147.59 crore in the corresponding period a year ago, according to a regulatory filing.

Narendra Modi made a significant observation. «All of you have witnessed unprecedented growth and transformation in India's aviation sector in the last decade,» he said. «We are already working to make India an aviation hub. This ecosystem will pave the way for Made-in-India civil aircraft in the future… This factory is going to play a major role in the design and manufacturing of civil aircraft to meet the future needs of India and the world.» The TATA advanced systems limited (TASL) Campus in Vadodara will manufacture C-295 defence transport aircraft, the first private sector final assembly line for military aircraft in India. Under the C-295 programme, 16 aircraft will be delivered directly by Airbus from Spain and remaining 40 will be made in India. TASL is responsible for making these 40 aircrafts in India in partnership with Airbus. Also Read: PM Modi and Spain’s Pedro Sanchez inaugurate Tata Aircraft Complex in Vadodara for C-295 manufacturing

Cyient, on Monday announced the acquisition of a 27.3% stake in Azimuth AI, a fabless custom ASIC company, for a consideration of $7.25 million. The strategic investment will expand Cyient’s capabilities across the semiconductor industry, said the Hyderabad headquartered firm in an exchange filing. This is the third such M&A deal entered by Cyient this month.

Zelenskyy has expressed high hopes for Prime Minister Narendra Modi's potential role in ending the Ukraine war. In an exclusive interview with The Times of India, Zelenskyy stated, “PM Modi can influence the end of the Ukraine war. This is the huge value of him in any conflict.

«We exited a lot of the risk to outside the system, outside economic systems, I should add. So, in other words, it is much more in the politics, in polarisation, in geopolitics,» says Viktor Shvets, Macquarie Capital. Nikunj Dalmia: Let me start with a very basic question. What is your view of the world given that there are so many permutations and combinations which are there. US interest rates are likely to go down. China is stimulating their economy. There is a problem in Middle East and yet India seems to be slowing down. So, there are a lot of trends within trends when it comes to the global setup. Viktor Shvets: Well, my view of the world has not changed that much over the last four or five years. Effectively, the way I look at the world as in a twilight. We no longer have recessions. We no longer have recoveries. There is nothing to recover from. We live in a twilight somewhere between recessions and growth. Global growth rates are getting shallower and IMF is correctly highlighting that we are growing 50, 100 basis points less than we used to. But at the same time, we do not have the bad things. We do not have spikes in bankruptcies. We do not have spikes in bad debts.

agri-tech platform that creates a digital marketplace to connect buyers and sellers of farm products. It supports them with tools for order management, lead generation, logistics, distribution and route optimisation. In an interview with ET Digital, Yashasvini Kumar, COO, Innoterra, says that the company ensures farmers have access to essential resources such as information, insights, infrastructure, markets and capital. Kumar also says that Innotera aims to build India’s first digital B2B marketplace and fulfilment solution based on orchestration and agile trading. Edited excerpts: The Economic Times (ET): How is India’s agriculture sector placed? Yashasvini Kumar (YK): India’s agriculture sector is poised between contradictions — simultaneously massive in scale and opportunity yet lagging behind in infrastructure and investment. There are exciting consumer trends coming into play, including superfoods, nutraceuticals and a focus on regenerative agriculture, but balanced out by concerning trends in climate change and water reserves. The sector is ready for growth, investment and talent.

Subscribe to enjoy similar stories. Recently, the government marked the occasion of one decade of ‘Make in India.’ It was a trigger for many commentators to bring out their knives (sorry, keyboards) and point out that India’s manufacturing gross value added (GVA) as a share of total GVA has not risen, etc, contending that the programme has failed. Some find a way to see silver linings around clouds and some are adept at the opposite.

Kunal Kamra took to X (formerly Twitter) to express his frustration over the poor condition of Ola Electric scooters and urged Union Minister Nitin Gadkari to intervene. In his post, Kamra highlighted the plight of Indian customers, criticising the lack of accountability from Ola. He emphasised how customers are struggling to commute and are being forced to take bad loans due to issues that, according to him, are the company’s responsibility. His post was triggered by a complaint from Rangraj Nagar in Solapur, where several Ola scooters were reportedly found in poor condition. The user expressed outrage over the absence of qualified engineers or technicians at the site, stating that such negligence is unacceptable given that customers have invested their hard-earned money into these products. Tagging prominent figures including Ola Electric’s CEO Bhavish Aggarwal, Prime Minister Narendra Modi, and Minister Gadkari, Kamra's post urged government agencies to intervene and address the grievances.

CAG is set to conclude in November, and a high-ranking official with close ties to the Modi administration is likely to be chosen to oversee the Centre's financial oversight. While Murmu's position requires a new appointee, three other pivotal roles — the Reserve Bank of India (RBI) Governor, Chief Economic Adviser (CEA), and Securities and Exchange Board of India (SEBI) Chairperson — offer the possibility of reappointment. Following Murmu’s tenure, attention will shift to the RBI’s leadership. Shaktikanta Das, who became RBI Governor in December 2018 after the sudden resignation of Urjit Patel, is nearing the end of his second term. Das, a former bureaucrat known for maintaining strong government relations and navigating India’s financial landscape smoothly, may either continue in this role or pass the mantle, with a decision expected in December.

Air Quality Index (AQI) for Noida plummeted to 304, down from 169 the previous day. Greater Noida reported an AQI of 312, while Ghaziabad recorded an even higher AQI of 324.

Pieter Elbers, CEO, IndiGo, says the growth is pretty much what was expected and follows the usual seasonal trends. After the big jump after COVID, things are settling back into a more typical seasonal rhythm, similar to what we experienced in the Indian market before COVID, but with a lot more travelers, which is great for revenue. On the cost side, IndiGo faced a peak in AOGs due to global supply chain problems and some engine issues we've encountered, which has resulted in extra costs. IndiGo has been consistently beating market estimates. But for the quarter gone by, the story seems to be different. There is a drop in margin. This is one of the slowest quarterly growth you have reported in 12 quarters. What has led to this decline? Was it traffic? Was it an issue with aircraft? Could you just share more light on that? Pieter Elbers: Let me take a step back and see how India has basically recovered in terms of traffic post COVID.

JSW Steel will cut down its capital expenditure in the current fiscal by ₹3,000-4,000 crore as it postpones the expansion planned for its blast furnace-3 at Vijayanagar to next year, and has transferred its slurry pipeline to JSW Infrastructure. India’s largest steel manufacturer will be spending ₹16,000 – 17,000 crore on capex this year as against ₹20,000 crore it had planned earlier, chief executive officer Jayant Acharya said. In July, JSW Steel transferred its slurry pipeline, which is currently under development, in Odisha to group company JSW Infra, effectively reducing its capex outgo, Acharya told ET in an interaction. JSW Infra will be purchasing the over 300 kilometre long slurry pipeline for ₹1,700 crore.

Diwali, also called Deepavali is the Hindu festival of lights, with variations celebrated in other Indian religions. It symbolises the spiritual «victory of light over darkness, good over evil, and knowledge over ignorance» The celebrations generally last five or six days. During the festival, the celebrants illuminate their homes, temples and workspaces with diyas (oil lamps), candles and lanterns.

Subscribe to enjoy similar stories. Last week Indian equity markets fell through support levels like a hot knife through butter. Are the markets falling to rise (‘correcting’ in market parlance) or are they falling to fall (‘making a top’)? In this article I’ll walk you through market data to help find the answers.

Slice on Monday said it had completed its merger with North East Small Finance Bank (NESFB) with effect from October 27 after receiving all requisite shareholder and regulatory approvals. The merger will unify the operations, assets and brand identities of the two companies into a single banking entity, it said. The fintech unicorn said in a statement that the integration will pave the way for the creation of a technology-driven bank along with a strengthened financial position focused on expanding operations, enhancing risk management frameworks and improving customer experience.