India Financial News

Wireless and fixed-network equipment maker Nokia has reported better-than-expected third quarter earnings, mainly on the back of cost cutting measures, but saw its sales dive 8% largely due to a weaker India market

India’s corporate bond market has long been hamstrung by low liquidity, locking investors into their holdings until maturity and discouraging retail participation. While institutional investors dominate, retail investors—wary of the illiquid secondary market—have stayed on the sidelines.

The CBFC's clearance comes after some back-and-forth between the filmmakers and the board. Co-produced by Zee Entertainment, the production had agreed to make several cuts suggested by the censor board, ending a prolonged period of uncertainty regarding its release. Kangana Ranaut, who directed and co-produced the film, expressed her relief on social media, tweeting: «We are glad to announce we have received the censor certificate for our movie Emergency. We will be announcing the release date soon. Thank you for your patience and support.» The film, initially slated for release on September 6, faced delays after objections were raised by Sikh organizations, particularly the Shiromani Akali Dal, which argued that the film misrepresented certain historical facts. This led to a temporary stall in the release of the film's trailer, adding to the challenges the production had already faced.

Gallium Nitride (GaN) semiconductor startup Agnit Semiconductors on Thursday said it has raised $3.5 million in a seed round led by 3one4 Capital and Zephyr Peacock – marking their first investment in India’s semiconductor sector. Along with two new investors, the company said the round also witnessed participation from former CEO of Cognizant and angel investor Lakshmi Narayanan. The five-year-old Bengaluru-based startup, which was also one of the nominees for the 'Top Innovator' category at the ET Startup Awards, has raised $4.87 million in total so far and plans to utilise the fresh funds to scale its production and commercial operations.

ITC Limited, India’s leading multi-business conglomerates, has commissioned its second offsite solar plant in Karnataka with a capacity of 9.45 MW in the Davangere district. The facility is ITC’s 4th offsite solar plant in the country, with similar units earlier built in Tamil Nadu, Uttar Pradesh and Karnataka. The company had set itself the target to meet 100% of electricity requirements from renewable sources by 2030 as a part of its ambitious Sustainability 2.0 Vision. In FY 2023-24, over 50% of ITC’s total energy requirements were already met from renewable sources such as solar, wind and biomass. Total Energy includes electrical energy as well as thermal energy.

net zero by 2070 is driven by its unwavering commitment to mitigate climate change, reduce carbon emissions and sustainable development. For a growing economy with a population of over 1.4 billion that is heavily dependent on fossil fuel, achieving this target seems like a formidable task for the country. However, in the past few years, India’s journey to become a global leader in clean energy has been marked by remarkable technological evolution and initiatives. By investing in renewable energy sources, and enhancing energy efficiency, the country has surpassed several developed countries to establish itself as the third largest producer of renewable energy, with 40% of its installed electricity generated from non-fossil fuel sources in 2021 itself. Some of the innovative technologies paving India’s journey towards clean energy transition are: Solar and Wind Power Nine years after the Paris Climate Agreement (COP 21) 2015, India has made significant progress in strengthening its solar and wind power capacity as a means to transition to a clean and sustainable energy future. Based on the report by the Central Energy Authority (CEA), the contribution of solar and wind to India’s energy mix has increased to 26 per cent in March 2023 from 9 per cent recorded at the end of 2011-12.

Supreme Court on Thursday said it will decide the constitutional validity of penal provisions in the Indian Penal Code (IPC) and the Bharatiya Nyaya Sanhita (BNS) which grant immunity from prosecution to a husband for the offence of rape if he forces his wife, who is not a minor, to have sex with him. A bench of Chief Justice of India D Y Chandrachud and Justices J B Pardiwala and Manoj Misra sought views of the petitioners on Centre's contention that making such acts punishable would severely impact the conjugal relationship and cause serious disturbances in the institution of marriage. Senior advocate Karuna Nundy, appearing for one of the petitioners, opened the arguments and referred to the provisions of the IPC and BNS on marital rape. «It is a constitutional question. There are two judgments before us and we have to decide. The core issue is of the constitutional validity (of the penal provisions),» the CJI said.

adjoining districts to an orange alert on October 17. The weather agency has warned of heavy rainfall in northern Tamil Nadu. With several southern states Tamil Nadu, Karnataka, Kerala continue to receive heavy rainfall, the respective state governments have directed the state officials to announce holiday for schools. Parts of Tamil Nadu, Karnataka, Tamil Nadu have been reeling under incessant rainfall for a few days now and severe water-logging and traffic congestion has been reported in Chennai and its nearby areas. Residential neighbourhoods and roads were left waterlogged with knee-deep water, and public transport services were majorly impacted today. ALSO READ: Tamil Nadu floods: Depression over Bay of Bengal moves closer to Chennai. These states to receive heavy rainfall

Capacity reduction by SpiceJet and ongoing supply chain challenges delaying delivery of new aircrafts are the main reasons why airlines are struggling to add capacity, say experts. According to the winter schedule released by civil aviation regulator Directorate General of Civil Aviation (DGCA), airlines have planned 25007 flights per week in the domestic sector, an increase of 5.37% over scheduled flights last winter, and a 3% increase over the ongoing summer schedule. The winter season runs from the last Sunday of October which is the 27th, to the Saturday before the last Sunday of March.

Infosys, India’s second-largest IT services company, added 2,456 employees during the second quarter of fiscal year 2025 (July-September). The total headcount at the end of September stood at 317,788, up from 315,332 in the previous quarter (April-June). In the June quarter, the headcount had dropped by 1,908 employees, marking six consecutive quarters of decline.

CC1'an individual named in connection with the alleged assassination plot of US-based Khalistani separatist Gurpatwant Singh Pannun is no longer an employee of the Indian government. On Thursday, the US State Department described a meeting with the Indian Inquiry Committee as «productive,» highlighting India's cooperation in the ongoing investigation. US State Department Spokesperson Matthew Miller expressed satisfaction with the collaboration. Miller stated, «It was a productive meeting. They did inform us that the individual who was named in the Justice Department indictment is no longer an employee of the Indian government. We are satisfied with the cooperation. It continues to be an ongoing process. We continue to work with them on that, but we do appreciate the cooperation and we appreciate them updating us on their investigation as we update them on ours.»

Bangalore International Airport Limited (BIAL) to introduce electric vertical take-off and landing (eVTOL) aircraft for urban mobility. The electric flying taxis are expected to cut down travel time and reduce vehicular pollution in Bengaluru, a city often plagued by long traffic delays, especially during the rainy season.

Amazon Diwali deals on wired speakers, over 70% offAlso read: Amazon Great Indian Festival Steal Deals: Up to 50% off on JBL speakers; prices like never seen beforeThis Diwali, discover amazing Amazon deals on budget wireless speakers with discounts of over 70%! Enjoy the freedom of wireless audio while celebrating the festival of lights. Perfect for lively parties or cosy gatherings, these speakers deliver fantastic sound without breaking the bank.

Hyundai Motor India, the subsidiary of Korean auto major Hyundai, has submitted the pre-feasibility report to take up revamping and modernisation of its facility in Tamil Nadu at an outlay of Rs 1,500 crore. The expansion at the existing facility at Irungattukottai near here would create an additional 155 new jobs and the plant size would be increased to 7.21 lakh sq metre from the current 5.40 lakh sq metre. Hyundai Motor India has planned to expand the factory by adding additional 1.81 lakh sq metres of land at the factory. According to the company, it has proposed to take up revamping and modernisation of its existing manufacturing facility at Irungattukottai, Kancheepuram district in Tamil Nadu,

Assam Accord of 1985, on Thursday welcomed the Supreme Court judgement regarding the pact's cut-off date and said it re-established the «rationality» of the historic agreement. Hours after the apex court pronounced its judgement, AASU welcomed the verdict and said it is the victory of the struggling people of Assam who have stood selflessly in favour of the Assam Accord for the past four decades. In a majority verdict, the Supreme Court on Thursday upheld the constitutional validity of Section 6A of the Citizenship Act which grants Indian citizenship to immigrants who came to Assam between January 1, 1966 and March 25, 1971. A five-judge Constitution Bench, headed by Chief Justice D Y Chandrachud, said the Assam Accord was a political solution to the problem of illegal migration.

NSE Nifty hit a two-month low during the session. The 30-share BSE Sensex fell by 495 points, or 0.61%, to close at 81,006, while the broader NSE Nifty slipped 221 points, or 0.89%, ending at 24,749.8.

Karti Chidambaram and others in connection with alleged bribery in facilitating visas of Chinese nationals for a power company in 2011 when his father P Chidambaram was the Union home minister, officials said on Thursday. In its charge sheet submitted before a special court here, the CBI has named Karti Chidambaram, the Lok Sabha MP from Sivaganga, his alleged close associate S Bhaskararaman, company Talawandi Sabo Power Ltd (TSPL), a subsidiary of Vedanta and Mumbai-based Bell Tools, through which bribes were allegedly routed, they said. The agency has invoked charges of criminal conspiracy, cheating, and forgery under the Indian Penal Code and provisions of the Prevention of Corruption Act, they said. Other charge-sheeted accused include Viral Mehta, Anup Agarwal, Mansoor Siddiqui and Chetan Shrivastava, they said.

Subscribe to enjoy similar stories. Mumbai: Shapoorji Pallonji Group company Afcons Infrastructure is looking to raise ₹5,400 crore through its initial public offering (IPO) after selling shares worth about ₹3,000 crore in a pre-IPO round, two people aware of the development told Mint. Afcons had previously planned to raise ₹7,000 crore through the IPO.

Subscribe to enjoy similar stories. Venture capital (VC), by definition, has a higher risk appetite than conventional sources of capital, and many VC enthusiasts would argue that venture investing is a moonshot game.

In conditions more reminiscent of Christchurch than Karnataka, Matt Henry bagged 5-15 while fellow speedster William O'Rourke sparkled in his first game in India with 4-22 to skittle the hosts shortly after lunch. The 46 runs were the fewest in an innings by any team playing in India, well short of the 62 the Black Caps managed against the hosts at Mumbai three years ago.

Central Bank of India on Thursday posted a 51 per cent jump in profit at Rs 913 crore in the second quarter ended September 2024. The lender had earned a net profit of Rs 605 crore in the same quarter a year ago. Total income increased to Rs 9,849 crore during the quarter under review, as against Rs 8,412 crore in the same period last year, Central Bank of India said in a regulatory filing.