India Financial News

real estate sector increased 31 per cent year-on-year to USD 4.61 billion in January-September 2024 amid strong consumer demand, according to Vestian. Real estate consultant Vestian on Monday released its report on 'Investment in Indian Real Estate', observing that funds' inflow from institutional investors in the first nine months of 2024 has already surpassed the total for 2023. «Investors have shown confidence in India's growth story on the back of robust GDP growth. As a result, the real estate sector witnessed increased participation from foreign investors which led to institutional investments touching a billion mark in Q3 2024,» Shrinivas Rao, CEO of Vestian said. He noted that domestic investors are also actively participating, supported by the rapid infrastructure development across the country.

Subscribe to enjoy similar stories. Shares of Havells India Ltd have fallen 6% after the company’s lacklustre September quarter (Q2FY25) results, weighed down by rising costs in raw materials, staffing, and advertising & promotion (A&P). The company, which reported earnings announced last week, saw its revenue grow 16.5% year-on-year.

Amazon Great Indian Festival Diwali Sale: More than 30% off on AI laptops from HP, Lenovo, Acer and moreSafeguard your home’s exterior with top-notch outdoor security cameras, now available at up to 84% off during the Amazon Great Indian Festival Diwali Sale. These weather-resistant cameras provide excellent coverage, with features like motion alerts, HD video, and night vision, offering round-the-clock protection for your property.Also read: Amazon Great Indian Festival Diwali Sale is Live: Enjoy up to 80% off on wall art, hangings and moreEnhance your home’s security with advanced video doorbells, discounted by up to 67% in the Amazon Great Indian Festival Diwali Sale.

Subscribe to enjoy similar stories. India’s rapid growth story is often linked to its burgeoning middle class. But lack of any official definition makes for an interesting trend: over 88% of urban Indians, including many earning well past India’s per capita income, call themselves ‘middle-class’ when asked to describe their family’s financial situation, reveals the latest round of the YouGov-Mint-CPR Millennial Survey, held in July.

Subscribe to enjoy similar stories. Large companies and late-stage tech companies, along with government agencies and venture capital firms, are increasingly looking for ways to stay close to the startup ecosystem, launching in-house accelerators and incubators to remain agile and fend off competition that's nipping at their heels. While edtech unicorn PhysicsWallah launched its PW School of Startups in September, gaming unicorn Games24x7’s TechXpedite was renewed for a second edition this month.

Middle East's biggest hypermarket chains, kicked off an initial public offering on Monday that bankers say could be the UAE's largest this year. The offering by the conglomerate that runs more than 240 stores in the six countries belonging to the Gulf Co-operation Council comes during a retail spending boom in the region that is spurring domestic listings by companies in the sector. The listing, set to run from Oct. 28 to Nov. 5, will offer more than 2.582 billion shares, which are expected to start trading on the Abu Dhabi Securities Exchange on Nov. 14, Lulu's IPO document showed.

Info Edge (India) Ltd. dropped 1.56 per cent to Rs 7962.0 at 12:32PM (IST) in Monday's trade. The scrip hit a high of Rs 8161.1 and low of Rs 7960.85 so far during the session. The stock had closed at Rs 8088.3 in the previous session. The counter had a total traded volume of 12:32PM shares so far with a turnover of Rs 0.42 crore on BSE. The stock traded at a price-to-earnings multiple of 159.04 and a price-to-book ratio of 2.39.

Dandwate, a consultant to sports carmakers such as McLaren at the time, decided to apply his experience with race cars to health care. He and a fellow engineer began working on a project to use the kinds of sensors used in Formula 1 cars that can monitor body’s micro-vibrations to map health metrics in non-intrusive ways at hospitals. “We use a lot of sensors, analytics, artificial intelligence to assess the health of a car.” Dandwate, 33, told Bloomberg News in an interview. “And that’s where my race car-engineering background helped, because we used some of the same methods to develop a sensor-based contactless patient monitoring system.”

«Any company which basically focuses not only on the top end, but something that is value for money, significant value for money, for the bottom 60%, those will be the companies which will survive and do exceedingly well as our per capita income goes up,» says Milind Karmarkar, Dalal & Broacha Portfolio Manager Nikunj Dalmia: So, what is looking good for next three to five years? What is the big picture? Milind Karmarkar: So, frankly, as I have always said that for me the mega trend continues to be consumption. And when I say consumption, as you know that it encompasses a lot of sectors. But within that, what looks interesting is that if you divide the Indian population into different quartiles, one realises that at least 70% or at least 65% of the families are such who do not have any money after their day-to-day expenses. So, any company which basically focuses not only on the top end, but something that is value for money, significant value for money, for the bottom 60%, those will be the companies which will survive and do exceedingly well as our per capita income goes up.

credit market is growing so fast that a rush of new participants into the direct-lending sector is fueling concern about a weakening of lending standards. “We have seen a bunch of first-time managers raise a lot of local capital,” Indranil Ghosh, head of Pan-Asia special situations at Cerberus, said at the Bloomberg India Credit Forum in Mumbai on Friday. “With some of those managers, I suspect that the underwriting standards, the diligence standards, the structuring, covenants are slightly lighter than what a lot of the global firms and well-established domestic institutions are used to.” Also Read: RBI may act against more NBFCs to check obscure lending practices: Morgan Stanley

Article 21 of the Indian Constitution — Protection of Life and Personal Liberty — states: “No person shall be deprived of his life or personal liberty except according to the procedure established by law."

MUMBAI: While parenthood is a very special feeling, it demands a lot of financial adjustments. However meticulously one plans, there are always surprises when one becomes a parent.

National Payments Corporation of India (NPCI), UPI is an instant real-time payment system for facilitating inter-bank transactions through mobile phones. Muizzu on Sunday set up a consortium to introduce UPI in the country and appointed TradeNet Maldives Corporation Limited as its leading agency, according to a press release by the President's Office. The president also suggested the participation of the country's banks, telecom companies, state-owned companies and fintech companies in the consortium.

Manappuram Finance slid 17% to Rs 145.50 in the last 2 trading sessions after the Reserve Bank of India (RBI) imposed restrictions on four NBFCs (including Manappuram’s subsidiary) citing material supervisory concerns. The restrictions will be effective from October 21, 2024 on four NBFCs Asirvad Micro Finance (a subsidiary of Manappuram Finance), Arohan Financial Services, DMI Finance, and Navi Finserv.

mutual funds attracted around Rs 30,350 crore inflows during April to September of the current financial year. The continuous inflows in these categories were mainly due to high returns offered by these categories. According to the Association of Mutual Funds in India (AMFI), mid and small cap funds received inflows of Rs 32,924 crore during the same time a year ago. “Investments in mid and small cap funds should be made based on one’s risk appetite. It is important for investors to note that mid and small cap segments are highly volatile. While they can give exceptionally high returns in up markets, they can fall equally hard in down markets. Therefore, investors should take exposure in these funds in line with their risk appetite and invest only with a long-term investment horizon,” said Melvyn Santarita, Analyst – Manager Research, Morningstar Investment Research India

GAIL (India) Ltd. gained 0.2 per cent to Rs 221.9 in Monday's trade as of 11:41AM (IST). The stock hit a high price of Rs 223.55 and low of Rs 220.6 during the session.

Gen Z population, currently estimated at 37.7 crore, is reshaping the country’s consumer landscape. As more of them join the workforce, brands are scrambling to cater to this new, influential demographic that is expected to drive a substantial portion of India’s consumer spending. According to a joint report by Boston Consulting Group (BCG) and Snap Inc., Gen Z already influences a staggering 43% of household consumption, contributing $860 billion to the economy, of which $200 billion comes directly from their own earnings. Also Read: India’s ‘swipe-up’ generation set to swipe right on festive deals The report further estimates that by 2030, around 36% of India’s Gen Z will be part of the workforce, driving an impressive $730 billion in direct spending and a total of $1.4 trillion when including influenced spends. These figures make it clear why brands are working to position themselves as Gen Z favorites, as this cohort is expected to shape the future of consumer behavior in India.

stability with a mandate to his government for three consecutive terms and asserted that they strengthened this expression of stability in the recent Haryana Assembly polls. Addressing the NDTV World Summit here, he also said India has a «double AI» advantage and that when the power of 'aspirational India' and 'artificial intelligence' combines then it is natural for development to take place at a fast pace. Modi said India is a friend in times of crisis and cited how the country sent vaccines to scores of nations during the Covid pandemic. «India does not have 'taken for granted' relations, its relations are built on trust and reliability.When India moves forward there is no jealousy but world feels happy about it as its progress benefits the world,» the prime minister said.

Tube Investments of India Ltd. traded at Rs 4484.95 on BSE at 11:31AM (IST) on Monday, down 0.03 per cent from previous close. The stock quoted a 52-week low price of Rs 2881.3 and a high of Rs 4666.0.

Indian Medical Association (IMA), has voiced strong support for the legalisation of prenatal gender determination tests. Dr Asokan said on Sunday that the existing prohibition has not significantly improved India's gender ratio over the past three decades. Since the enactment of the Pre-Conception and Pre-Natal Diagnostic Techniques (PCPNDT) Act in 1994, prenatal gender determination and sex-selective abortions have been illegal in India. This legislation was intended to combat female foeticide and enhance the sex ratio in the country.

In the coming days, Russian President Vladimir Putin will be shaking hands with multiple world leaders, including those from China, India, Turkey and Iran