India Financial News

Delhi High Court on Thursday sought the response of the Centre on a plea seeking a regulatory framework to regulate the resale of concert tickets through authorised platforms and avoid illegal selling activities. A bench of Chief Justice Manmohan and Justice Tushar Rao Gedela issued notice to Union ministries of Information and Broadcasting and Electronics, and Information Technology, private entities Stubhub Inc, Viagogo Entertainment Inc and Bigtree Entertainment Pvt Ltd on the petition. The court said the replies would have to be filed within four weeks and posted the hearing on February 18, 2025, when a similar petition would be heard. The petition further sought a direction to the Centre to block unlawful online platforms involved in the purported illegal and unauthorised sale of tickets in India.

Indian Hotels Company Ltd. gained 0.15 per cent to Rs 658.75 at 12:32PM (IST) in Thursday's trade. The scrip has hit a high of Rs 663.2 and low of Rs 651.3 so far during the session. The stock had closed at Rs 657.7 in the previous session. The counter has had a total traded volume of 22322 shares so far with a value of Rs 1.46 crore on the NSE. It traded at a price-to-earnings multiple of 72.9 and a price-to-book ratio of 8.9.

Chak De! India, alleging that the story was originally based on a Hindu coach, Ranjan Negi, but the filmmakers changed the character to a Muslim named Kabir Khan, played by Bollywood superstar Shah Rukh Khan, for what he claimed was «propaganda». He called it a propoganda based on fake Ganga Jamuna Tehzeeb. The viral interview clip has sparked a heated debate online, with users on X sharing divided opinions on the actor's comments.

Reliance and Nvidia, a leading US-based company in Artificial Intelligence computing has announced a joint attempt in building AI infrastructure in India. The announcement was made by CEO Jensen Huang during a chat session with Mukesh Ambani at the Nvidia AI Summit 2024 on Thursday. The summit was being hosted by Nvidia, one of the world's leading tech companies for the first time in India. «It makes complete sense that India should manufacture its own AI. You should not export data to import intelligence. India should not export flour to import bread,» said Jensen Huang while in conversation with the Reliance Chairperson.

iPhone 16 Pro Max, each offering 128GB of base storage. Prices in India start at Rs 79,900 for the iPhone 16 and go up to Rs 1,44,900 for the iPhone 16 Pro Max.

GAIL (India) Ltd. fell 0.11 per cent to Rs 211.2 in Thursday's trade as of 12:06PM (IST) even as the benchmark Nifty ruled at 24406.65, down 28.85 points. The scrip had closed at Rs 211.45 in the previous session. The stock quoted a 52-week low of Rs 116.2 and a high of Rs 246.35. The company quoted a market-cap of Rs 139096.23 crore on the BSE.

Amit Shah on Wednesday announced that the government will celebrate the 150th birth anniversary of Sardar Sardar Vallabhbhai Patel, on October 31 next year, with two-year nationwide celebrations from 2024 to 2026. Shah announced on X: «Sardar Patel-ji's enduring legacy as the visionary behind the establishment of one of the world's most robust democracies and his pivotal role in unifying India from Kashmir to Lakshadweep remains indelible. To honour his monumental contributions, the government of India, under the leadership of PM Narendra Modi, will commemorate his 150th birth anniversary with a two-year-long nationwide celebration from 2024 to 2026. This celebration will serve as a testament to his remarkable achievements and the spirit of unity that he epitomised.»

Maharashtra government on Thursday told the Supreme Court that it will hand over the next tranche of land by December for construction of the Bombay High Court's new building complex in Mumbai's Bandra region. The state government also informed a special bench comprising Chief Justice D Y Chandrachud and Justices B R Gavai and JB Pardiwala that so far it has not received the possession of the Air India building in south Mumbai where the mediation centre of the Bombay High Court is proposed to be shifted. The state government said possession of 30.16 acre of land will be handed over to the high court in a phased manner, adding the first tranche measuring 4.39 acres has already been given.

JHS Svendgaard Laboratories Ltd.(up 3.63%), Euro India Fresh Foods Ltd.(up 3.03%), Jyothy Labs Ltd.(up 2.91%), Gillette India Ltd.(up 1.63%), Prataap Snacks Ltd.(up 1.52%), Dangee Dums Ltd.(up 1.38%), Honasa Consumer Ltd.(up 1.09%), LT Foods Ltd.(up 0.87%), Adani Wilmar Ltd.(up 0.81%) and Patanjali Foods Ltd.(up 0.70%) were among the top gainers.

Simbhaoli Sugars Ltd.(up 4.99%), Kothari Sugars & Chemicals Ltd.(up 2.19%), DCM Shriram Industries Ltd.(up 1.42%), Balrampur Chini Mills Ltd.(up 1.14%), Vishwaraj Sugar Industries Ltd.(up 0.69%), EID Parry(India)Ltd.(up 0.63%), Uttam Sugar Mills Ltd.(up 0.59%), Dhampur Sugar Mills Ltd.(up 0.45%), KCP Sugar & Industries Corporation Ltd.(up 0.45%) and Avadh Sugar & Energy Ltd.(up 0.27%) were among the top gainers.

While these forecasts cast a shadow over the future, there is a perspective from a key man of the financial world. Ben Powell, Chief Investment Strategist for APAC at BlackRock Investment Institute, believes India could benefit from the increasingly complex geopolitical environment—if the country plays its cards right. Powell said, while the global geopolitical situation may seem daunting, it could present unique opportunities for India.«When I think about a country like India, if they play the game skillfully, we can say that so far this is the case, and there is an ability to benefit from some of the geopolitical complexity, which for sure is causing worry, but also can create opportunity for those countries which are skillful and flexible enough to navigate what is a complicated environment,» Powell told ET Now.

The global opportunity for the EV battery chain is estimated to reach USD 300 billion by 2030.

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Subscribe to enjoy similar stories. Lawrence Bishnoi, a 31-year-old vegetarian with a handlebar mustache who authorities say controls a violent gang from his high-security prison cell in India, is at the center of a diplomatic brawl between Canada and India. To Indian law-enforcement officials, Bishnoi is a “dreaded gangster" who over the past decade has made a daring prison break, threatened a Bollywood star, and found his gang accused of killing a rapper considered a rival.

JioCinema and Disney+ Hotstar. The developer, in a letter published on the website, has reached out to Reliance Industries, proposing that the company fund his higher education in exchange for the domain.

Atul Bora said that with supportive policies, Assam has achieved an 85% increase in exports over the last six years, underscoring the potential of export-oriented farming. The Confederation of Indian Industry (CII) organised a North East Rural Conclave on 23 October 2024, at Guwahati marking a pivotal moment for the North Eastern Region as it undergoes rapid economic and industrial transformation. The conclave spotlighted rural development as a crucial entity for social and economic advancement, providing a dynamic platform for stakeholders to address the emerging demands for both farm and non-farm products, along with advancements in the service sector. Bora said with supportive policies, Assam has achieved an 85% increase in exports over the last six years, underscoring the potential of export-oriented farming. To maintain this momentum, fostering synergy among government departments and stakeholders is essential. He emphasized that financial resources are vital for effective rural development, particularly in the Northeast, where agriculture is the primary livelihood. Access to financial capital is crucial to implement modern farming techniques, invest in sustainable practices and enhance productivity

Click here to register for the awards. With that thought, the Economictimes.com is back with ET MSME Awards 2024. This will be the fifth edition of the series. The winners of the ET MSME Awards will be announced at the Grand Finale in New Delhi in February 2025. This awards will honour the exceptional MSMEs in the country who are at the top of their game. Twenty-two exemplary MSMES, belonging to both manufacturing and services, will be felicitated and recognised for their business acumen and contribution to the Indian economy. With a goal of fostering a thriving entrepreneurial ecosystem and celebrating the resilience, innovation and achievements of the enterprises, ET invites MSMEs from across India to submit their applications and compete for this prestigious recognition.

Her quick response—“I would go back to India”—left viewers surprised, generating over 150,000 views and hundreds of likes. About her salary she says, «It's good for the basics but I am always looking for more.» «Back to India? Is this for real? Times are crazy #reverseimmigration,» Piyush Monga wrote in the caption

Indian market is expected to trade higher on Thursday, tracking positive global cues. The Nifty futures closed negative, with losses of 0.21% at 24,487 levels on Wednesday.

Electronic City, and reportedly, people were left stranded on a flyover for over three hours. The Times of India tweeted a video of the massive jam. According to ToI, thousands of people got off their company vehicles and buses, walking towards their homes on Wednesday night following the traffic gridlock below the Electronic City flyover after rains. «People were stranded on the flyover for around 3 hours!» ToI claimed.

Ben Powell, Chief Investment Strategist for APAC, BlackRock Investment Institute, says we are going to see more and more tie-ups between governments, in terms of legal framework, regulatory permissions, and societal buy-ins. A partnership between governments and private capital is important because many Western countries do not have so much fiscal firepower. Coming to India, Powell says the BRICS meeting is going on in Russia and we have seen Prime Minister Modi embracing President Putin. Modi will also be sitting down with President Xi later today., India seems to be in a amazing position where on the one hand it is a cherished partner of the BRICS with huge positives, obviously energy and other dimensions and on the other hand, India is an absolute cornerstone of US policy, most obviously through Quad. What is the future of finance going to look like and how can investors benefit out of it? Ben Powell: The need to mobilise capital and fund all of the aspirations is the practical reality.