India Financial News

Aries Agro Ltd.(up 8.38%), Bohra Industries Ltd.(up 4.90%), National Fertilizers Ltd.(up 4.22%), The Fertilisers and Chemicals Travancore Ltd.(up 3.91%), Madras Fertilizers Ltd.(up 3.20%), Paradeep Phosphates Ltd.(up 3.18%), Rashtriya Chemicals & Fertilizers Ltd.(up 3.15%), Nagarjuna Fertilizers and Chemicals Ltd.(up 3.09%), Khaitan Chemicals & Fertilizers Ltd.(up 2.95%) and Sikko Industries Ltd.(up 2.77%) were among the top gainers.

Laurus Labs Ltd.(up 3.83 per cent), Biocon Ltd.(up 2.54 per cent), Natco Pharma Ltd.(up 1.98 per cent), Granules India Ltd.(up 1.86 per cent) and Glenmark Pharmaceuticals Ltd.(up 1.76 per cent) were among the top gainers.

Coal India today fell by 5.6% to day’s low of Rs 435.20 on the BSE after reporting a 22% fall in its September quarter consolidated net profit for the quarter ended September 30, 2024 at Rs 6,289. The same stood at Rs 8,049 crore in the year ago period.

Subscribe to enjoy similar stories. The recent Brics summit in Kazan, Russia, has generated its usual share of criticism and praise. Reactions have ranged from disapproval of such a disparate grouping of nations based on the whimsy of a banker to the outright condemnation that such a diverse bunch should harbour any delusions of meaningful utility.

earnings season is underway and as many as 173 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out include that of Airtel, Sun Pharma, Adani Power, IOC, Ambuja, PNB, Suzlon, Tata Tech, BHEL and RailTel. Apart from the above, Aditya Birla Sun Life, Ajanta Pharma, Arvind Ltd, Bhageria Industries, Car Trade Tech, Federal Bank, Ideaforge, Indian Bank, Motilal Oswal, Northern Arc Capital, Pfizer and a few others will also declare their results.

Artificial Intelligence is making computers an instrument for everyone and not just for the privileged few, believes Jensen Huang, the iconic founder and chief executive of chip maker Nvidia. He allayed the fears that AI could consume jobs or replace humans and said that the technology will make everything more efficient and productive, saving key resources and elevating human capabilities. In a free-wheeling conversation with Sruthijith KK at the ET Conversations event in Mumbai on Friday, Huang, 61, who steered the company out of turbulent early years and turned it into a $3.43 trillion behemoth that it is today, said that he still wakes up fearing that Nvidia could even now go out of business. No one in technology should get too comfortable or complacent, said the top boss helming the world’s second most valued company. His message to India’s IT services industry was unequivocal: Move from the back office to the front office and lead the AI revolution. Edited excerpts: I want to start with a core technical question. How is your leather jacket holding up in the Mumbai heat? (Laughs) It’s fine. Thank you! I enjoy the heat.

Subscribe to enjoy similar stories. The first major challenge of advertising, many ad creators would have us believe, is to break the media clutter and be noticed. It can go wrong, as seen in a poster campaign for breast cancer awareness asking women to do a self-examination every month.

Pedro Sanchez arrived in Vadodara, Gujarat in the early hours of Monday for his three-day visit to India, during which he will be holding delegation-level talks with Prime Minister Narendra Modi. Upon his arrival, the Ministry of External Affairs took to social media platform X greeting the Spanish leader, «Bienvenido a India!» «President of the Government of Spain Pedro Sanchez touches down in Vadodara, marking the first visit by a Spanish President to India in 18 years. An official visit to elevate India-Spain relations to new heights,» the MEA added.

Reserve Bank of India’s upbeat growth estimates for the world’s fastest-growing major economy is causing both confusion and concern among economists. The central bank has stuck to its forecast that India’s economy will expand 7.2% in the year ending March 2025 despite recent evidence showing activity is starting to taper off. The RBI’s outlook is far more optimistic than the 6.5%-7% growth projected by Prime Minister Narendra Modi’s government. Investment banks like Goldman Sachs Corp. have already downgraded growth projections to as low as 6.5%. The RBI’s bullishness is underpinned by its view that rural spending is improving and private investment is picking up. Economists, though, point to sluggish urban consumption and weakening exports as a worry. If those warning signals aren’t heeded in time, the RBI runs the risk of keeping monetary policy too tight, undermining growth further, they say.

Shreya Life Sciences from the many other commercial businesses that keep the Andheri neighborhood of India’s largest metropolis humming throughout the day. But this inconspicuous pharmaceutical company is part of a lucrative trade in leading-edge technology to Russia that has the US and its European allies worried at India’s burgeoning role as an intermediary in the sales. A Bloomberg News analysis of data compiled by trade-tracking firms ImportGenius and NBD shows that Shreya exported 1,111 units of Dell Technologies Inc.’s most-advanced servers to Russia in April-August of this year.

Subscribe to enjoy similar stories. The 40th anniversary of the assassination of Indira Gandhi falls on 31 October. Despite numerous controversies, Indira is still remembered and will continue to be.

Subscribe to enjoy similar stories. India's top tech services companies are riding the AI wave with chip giant Nvidia, betting on mutually beneficial partnerships like the ones they have with software giants SAP AG and Oracle Corp.

Subscribe to enjoy similar stories. Equity markets could continue their downtrend, interspersed with a bounce, until after the US presidential elections on 5 November, market experts said.

Subscribe to enjoy similar stories. Last week, Yann LeCun, one of the godfathers of artificial intelligence (AI), visited India. Alongside, Nvidia chief Jensen Huang made his annual visit.

Subscribe to enjoy similar stories. Remember the story of the man who killed the golden goose? In his greed to get more, he kills his steady source of gold. Some investors tend to make a similar mistake when they invest all their money in growth stocks, chasing only big gains.

Subscribe to enjoy similar stories. Over the past decade, if there’s one word that has become synonymous with business, it’s “renewables". Every major corporation, big or small, is rushing to claim its share of the green energy pie.

Subscribe to enjoy similar stories. Increasingly aware Indian consumers are set to use new greenwashing guidelines to launch class action lawsuits against companies for flouting ESG— environmental, social and governance—norms, experts said. A class action is a legal mechanism that allows a group of people with a common grievance to file a single case against a party rather than separate lawsuits.

Subscribe to enjoy similar stories. A top government panel is likely to approve a ₹4,000-crore production linked incentive (PLI) scheme next month to boost the domestic production of specialty steel and curb imports, two persons in the know of the development said.

Subscribe to enjoy similar stories. InsuranceDekho, backed by TVS Capital Funds and Investcorp, is in advanced talks to merge with smaller peer RenewBuy in a cash-and-stock deal, according to two people familiar with the matter, in a transaction that will create India’s second-largest insurance aggregator. The deal will create India’s largest insurance marketplace by value after PolicyBazaar, which went public in 2021, the people cited above said, asking to remain anonymous.

Subscribe to enjoy similar stories. The Adani Group is in advanced discussions with the Odisha government to build its first greenfield cement factory, two years after embarking on its cement odyssey with a series of acquisitions. Group company Ambuja Cements Ltd is likely to build the 4 million tonnes per annum (mtpa) unit at a cost of ₹3,000-3,500 crore, said two people aware of the matter, including a government official.

One Piece Chapter 1131 will be released soon. This comes after a two-week hiatus. This chapter promises significant plot developments.