India Financial News

Diwali, also called as Deepavali festivities begin on Dhanteras and extends for five days. 'Teras' denotes the thirteenth day of Krishna Paksha, whilst 'Dhan' denotes riches. In India, the first day of Diwali is specifically referred to as Dhanteras or Dhanatrayodashi.

Reserve Bank of India (RBI) on Friday. The RBI keeps a close watch on the foreign exchange markets and steps in when needed to keep things stable. The central bank's actions such as managing liquidity and selling dollars, are meant to prevent big swings in the exchange rate and to reduce the risk of a sharp drop in the Indian rupee. RBI's approach does not set a specific target for the rupee's value but aims to maintain stability in the foreign exchange markets.

income disparity coverage for those earning up to Rs 5 lakh annually between fiscal years 2013-14 and 2022-23, said a State Bank of India (SBI) report on Friday. To paraphrase the «often myth of worsening inequality» in India, the research report from the Economic Department of SBI has analysed the income disparity curves of assessment years (AY) 2014-15/FY14 and AY24/FY23. A comparison of disparity in income during AY15 and AY24 shows that there is a clear rightward shift in the income distribution curve, signifying people in lower income brackets are increasing their income to converge towards their share in population, it said. «Our analysis shows that there has been a cumulative 74.2% decline in income disparity coverage for those earning up to Rs 5 lakh. This shows the continuous efforts of Govt are reaching the bottom of pyramid — that is leading to increase in income of 'lower income group' people,» said the report titled 'How Tax Simplification has given a necessary fillip to ITR Filing'.

New Zealand ended Day 2 of the second Test in Pune at 198/5 in their second innings, extending the lead to 301 runs. The Kiwis eye to make history by winning their first Test series in India. Captain Tom Latham led from the front with 86 runs, while wicket-keeper batter Tom Blundell remained unbeaten on 30 at stumps. Washington Sundar, who had picked seven wickets in the first innings, had four scalps in the second essay. Earlier in the day, New Zealand bowled out India for 156 runs in the first innings, taking a 103-run lead.

Bishweshwar Nandi, the coach of gymnast Dipa Karmakar who won bronze in the 2014 Commonwealth Games, joined the BJP in a simple ceremony at his residence here on Friday. Agartala Mayor and BJP MLA Dipak Majumder welcomed Nandi to the party. «I am deeply influenced by how the BJP is managing the country, whether in sports or other areas, which is why I joined the party,» said Nandi, a Dronacharya award recipient for his exceptional contributions to gymnastics. He recently participated in a virtual meeting with the Union Sports Minister to discuss India's preparations for the 2036 Olympics.

bomb threats on Friday, according to sources. An IndiGo spokesperson on Friday said 7 of its flights, including 6E 87 from Kozhikode to Dammam, got security-related alerts. The sources in the know said around 7 flights each of IndiGo, Vistara and SpiceJet got the threats while 6 flights of Air India received the threats.

telemedicine, AI-driven diagnostics, and mobile health apps have made headlines, they address only part of the issue. The real obstacles lie much deeper. Infrastructure and human resources: the missing pieces The solution to India's vast healthcare gap lies not solely in technology but in a broader, more human-centric approach. «Healthcare innovation is not just about technology; it's about creating solutions that serve the most vulnerable and underserved populations,» leading healthcare industrialist and philanthropist Prakash Hinduja said.

Nirma detergent. Karsanbhai Patel, an Indian billionaire businessman hailing from Gujarat, founded Nirma. Patel was born in Gujarat's Ruppur in 1945 in a financially constrained family but his spirit driven by determination and the relentless pursuit of excellence, helped him carve a niche foe himself in business.

delinquences in India's micro finance sector is expected to increase credit costs to more than 5% in the current fiscal as risks that borrowers will default has increased, analysts at Standard & Poors (S&P) said. Credit costs will ease but will still stay high at more than 3% next fiscal, impacting profitability for micro finance companies as return on average assets (ROAA) will fall by 60 to 65 basis points to 3.85%, the analysts said in a call. One basis point is 0.01 percentage point. Shinoy Varghese, associate director, financial institutions ratings at S&P said delinquences are expected to rise especially in the micro finance industry as lenders tighten their belts after recent regulatory actions.

Subscribe to enjoy similar stories. Creators are looking forward to "a wave of brand deals" headed their way with YouTube now allowing them to place product links in their videos. They can now earn a commission on sales of products that shoppers can now directly buy while watching a video, without leaving the app.

₹52,999 in India and went all the way up to ₹57,999 for the top end variant. If the leak does turn out to be true, it would signal that the iQOO 13 could be one of the only Snapdragon 8 Elite powered smartphones to not receive a price hike.

NMDC Ltd.(up 0.92%) stood among the top gainers.

Benchmark NSE Nifty closed 218.61 points down at 24180.8 amid selling in frontline bluechip counters.

fashion lovers are switching to secondhand to assuage worries about the industry's environmental impact. It is a tiny drop in a massive ocean, but hipster shoppers in the capital New Delhi say their example is slowly shifting the throwaway attitudes rampant among India's middle class. New Delhi is dotted with markets offering secondhand clothes, a thrifty alternative for those on low wages — or making an ethical choice.

Indian rupee ended nearly unchanged on Friday, managing to hold its ground in the face of weakness in Asian peers and a fall in local stocks, on account of likely dollar sales by the Reserve Bank of India. The rupee closed at 84.08 against the U.S. dollar, close to its record low and nearly unchanged from its close of 84.0775 in the previous session. The currency was little changed week-on-week.

Farooq Abdullah on Friday said attacks like the one in Gulmarg would continue to occur until India and Pakistan found a way to be friends and that would end Jammu and Kashmir's troubles. Two soldiers and two Army porters were killed on Thursday after terrorists ambushed a force vehicle near Gulmarg in north Kashmir's Baramulla district. Another soldier and a porter were injured in the attack. «Such attacks will continue to take place in this state. You know where they come from and it will not stop until some way is found to get out of this trouble. I have been witnessing it for the last 30 years, innocent people are getting killed,» Abdullah told reporters. «We are not going to become a part of Pakistan. So, why are they doing this? To disrupt our future? To make us poorer?» he asked.

Market veteran Madhusudan Kela says that within one market, a severe bear market and a severe bull market are going on simultaneously. The question is, do we have the ability to identify and spot real good sectors and real good companies? Also we have to recognise that in all of this allocation, expectation has to be moderate. From my perspective, return of capital is the first priority. Return on capital is the second priority. If you are intoxicated believing the bull market is going on and you can do anything, that phase is over. It is good to see you laughing and everybody in the last 12 months has been laughing. If you bought real estate, you have made money. If you had gold and silver, you would have been happy. And if you were in the equity market, you have every reason to smile. It has been a year of full all-round prosperity. Madhusudan Kela: It is not only one year. I would say from the COVID bottom, the last three-four years have been very good. If you look at the CAGR compounding of a small cap index or mid cap index, it is above 40%. Even Nifty from the low has compounded reasonably well. And stock pickers have had a phenomenal run in the last three-four years. It is in this context we are chatting today.

Border Security Force (BSF) and its Bangladeshi counterpart the Border Guard Bangladesh (BGB) were to be tentatively held between November 18 and 22 in the national capital, the first such meeting after the collapse of the Sheikh Hasina government on August 5. Sources told PTI that the Bangladeshi side informed about the postponement and indicated that they were working on «an early date» for the meeting to be held. Overall, it will be the 55th edition of the Director General (DG)-level talks between the two forces that also includes officials from the home and external affairs ministries, and anti-narcotics, Customs and some other federal agencies from both the countries that have a stake in border management.

KK, passed away while performing on stage in Kolkata. Known for his love songs, KK married his ladylove, Jyothy Krishna, but before he could marry her, he had to find a job. The singer took a salesman job, which he wasn’t satisfied with. Later, with the support of his father and wife, he quit his job to follow his passion for creating music. He started off by making jingles, according to TimesNow. On Friday, Google celebrated the enduring legacy of the beloved Indian playback singer Krishnakumar Kunnath, known as KK, with a special Doodle.

Dhanteras deals: Diyas and rangoli sets, over 75% offTop deals for you:Also read: Amazon Great Indian Festival Diwali Sale: Get up to 90% on lighting options like Diwali lights, wall lights, chandeliersDiscover stunning silver idols to elevate your Dhanteras celebrations, now at over 70% off! During the Amazon Great Indian Festival, you can find exquisite pieces that not only enhance your festive décor but also symbolize prosperity and good fortune. These beautifully crafted idols make a perfect addition to your home, reflecting the essence of the occasion.