India Financial News

Haldiram Snacks Food Pvt Ltd, the 87-year-old legacy brand which is India’s largest snack and convenience foods company. Earlier, it was reported that Haldiram’s promoters were planning to sell a controlling 51 per cent stake, but now a new report says they are looking to offload 10-15 per cent minority stake. Many global investors have been vying to buy a stake in the cash-rich and profitable company which has a long legacy of manufacturing the iconic Indian savoury snack, Bikaneri bhujia.

NFRA) Chairperson Ajay Bhushan Prasad Pandey on Thursday underscored the need for improving corporate governance and aligning Indian auditing with global standards to attract investors. Observing that there is a need to continue to take cognizance of corporate governance reforms, he said company management, independent directors and audit committee, statutory auditors, shareholders, and regulators constitute five lines of defence to improve corporate governance. «It is our collective responsibility...we should continue to create trust. Improve the corporate governance, and we should work in that direction,» he said, addressing an event organised by industry chamber Assocham here. Adopting global auditing standards would improve the trust of global investors in the Indian economy, which is on its way to becoming the third largest from the present fifth position, he said.

health insurance products, driven by increased financial awareness, the impact of the COVID-19 pandemic, and competitive premiums in India. With a growing customer base in regions like the UAE, US, and Saudi Arabia, NRIs are increasingly turning to these insurance options to protect their families and secure healthcare benefits back home. Rising Demand for NRI Term Insurance NRIs now make up 12% of India’s total term insurance customers, with a compound annual growth rate (CAGR) exceeding 50% over the past two financial years, according to new data released by Policybazaar. The pandemic has acted as a wake-up call for many NRIs, underscoring the importance of life insurance as a financial safety net. Competitive premiums in India, coupled with the convenience of purchasing policies online, have made term insurance an attractive option.

Mumbai: The pattern of domestic airlines receiving bomb threats to their flights continued for the fourth day as two international flights, one each of Vistara and IndiGo, were targeted in the similar manner on Thursday. Earlier on Wednesday, seven flights of IndiGo, SpiceJet and Akasa received similar bomb threats. Prior to that, nearly a dozen flights operated by Indian carriers received similar threats on Monday and Tuesday. On Thursday a Mumbai-bound Vistara flight with 147 persons on board was immediately taken to security checks on its arrival from Frankfurt following the Boeing 787 aircraft receiving a bomb threat, according to the airline.

Sino-India relations following the opening of another Taiwan de facto consulate in Mumbai. China opposes moves by any countries it has ties with to engage in official contacts with Taiwan, said Mao Ning, a foreign ministry spokesperson, at a regular news conference. The Taiwanese government opened its third representative office in India on Wednesday, Taiwan's official Central News Agency reported, adding to existing offices in New Delhi and Chennai.

Shiju Pappen has transformed his life into a remarkable entrepreneurial success story. Today, he is the founder of The Chatpata Affairs, a popular cafe chain that boasts 50 outlets across India and generates an impressive Rs 8 crore in annual revenue. Pappen’s journey began in a small town in Rajasthan, where he faced significant challenges after losing both his parents at a young age. This hardship motivated him to seek a better life, leading him to Delhi in 1997. He started his career at Pizza Hut, taking on various roles, from cleaning tables to serving customers. Reflecting on those early days during an interview with Startuppedia, Pappen shared, “I was earning only Rs 5,000-6,000 per month for almost a year straight. It was tough to manage rent, electricity, and food. However, I had no option but to manage with whatever I was earning.”

Indian Railways has reduced the time window for advanced booking of seats in passenger trains. According to a circular issued by the Railway Board, time limit for Advance Reservations has been reduced from 120 to 60 days (excluding date of journey). This new diktat will be applicable from November 1 onwards so bookings can be made under the 120-day Advance Reservation Period (ARP) till then. Existing bookings under the earlier ARP will remain intact as well. This reverses a decision taken in March 2015 to increase the window of booking. There will be no change in the case of certain day time express trains like Taj Express, Gomti Express, among others where lower time limits for Advance Reservations are already in place. There will also be no change in the case of limit of 365 days for Foreign Tourists, the order said.

NCDRC) has ordered the Indian Railways to pay approximately Rs 4.7 lakh in compensation to a passenger whose belongings were stolen on the Amarkantak Express in May 2017. The commission found that while the passenger took «reasonable precautions» to secure his luggage, the ticket collector (TTE) failed to prevent unauthorized individuals from entering the reserved coach. The incident occurred on May 9, 2017, when Dilip Kumar Chaturvedi and his family traveled from Katni to Durg in a sleeper coach. Around 2:30 AM, Chaturvedi reported to the railway police that his luggage, which included cash and valuables worth approximately Rs 9.3 lakh, had been stolen. Following this, he lodged a complaint with the Durg district consumer commission, which ordered several railway officials to compensate him for the loss.

Maruti Suzuki India Limited has reached a significant milestone, with the Manesar facility crossing the 1 crore cumulative production mark. According to Maruti Suzuki, the vehicle to roll out from the plant was the popular compact SUV, Brezza, underscoring the automaker's growing presence in the SUV segment. The Manesar plant achieved this feat in just 18 years, making it the fastest among Suzuki's global automobile manufacturing facilities to reach the 1 crore production milestone.

Mumbai city has recorded 5,199 property registrations during this period between October 3 and 11, showing a 13.2% year-on-year growth as against the performance in Navratri 2023, showed data from Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra. The state exchequer collected a total revenue of Rs 502 crore in just 8 working days from these registrations as against around Rs 430 crore a year ago. Additionally, the daily average property registrations rate increased to 578 units this Navratri from 510 units in last year’s Navratri.

Nestle India tumbled 4% to the day’s low of 2,364.80 on BSE in Thursday’s trade after the company reported a marginal decline in its Q2 net profit to Rs 899 crore, slightly down from Rs 908 crore reported in the same period last year. This indicates a 1% year-on-year (YoY) decline in the PAT.

The ruling by Chief Justice Manmohan and Justice Tushar Rao Gedela, emphasises the importance of judicial integrity. The court stated, «We are of the view that the description of the order and the judge is prima facie contemptuous and amounts to interference in proceedings.» Senior advocate Akhil Sibal, representing Wikipedia, clarified that the platform did not create either the critical page or the discussion section. Previously, on September 6, the court had cautioned the open-source platform that it would block the website in India if it failed to adhere to local laws.

Havells India Ltd. traded 1.89 per cent up at Rs 1902.7 at around 01:13PM (IST) on Thursday. The stock had closed at Rs 1939.55 in the previous session. Equity benchmark Sensex traded 436.62 points lower at 81064.74 around the same time.

Radisson Hotel Group has launched Braille menus in its hotels across South Asia. This initiative aims to make dining easier for guests who are visually impaired. The launch is part of a partnership with the Confederation of Indian Industry’s (CII) Young Indians. With the introduction of Braille menus at its 125 hotels, Radisson Hotel Group allows visually-impaired guests to explore their meal options and make their own choices. This helps them feel more independent during their dining experience. Additionally, some hotels will use scannable audio QR codes, letting guests listen to the menu at their own pace. “Introducing Braille menus is an important step toward building inclusive dining experiences, ensuring that everyone—regardless of their abilities—feels valued,” Nikhil Sharma, Managing Director and Senior Area Vice President for South Asia at Radisson Hotel Group, said

Subscribe to enjoy similar stories. New Delhi: Jamshyd N Godrej, chairman of consumer goods to engineering solutions firm Godrej & Boyce, has pitched for a new government policy to phase out old and inefficient cooling products such as air-conditioners and refrigerators from the Indian markets by incentivising the switch to appliances that consume less energy.

Cummins India Ltd. slipped 2.13 per cent to Rs 3715.1 in Thursday's trade as of 12:47PM (IST). The stock hit a high price of Rs 3838.55 and low of Rs 3711.0 during the session.

imported inflation reached a 13-month high in September 2024, growing by 2 per cent, according to a report by the State Bank of India (SBI). The report highlighted that imported inflation is increasingly contributing to the country's overall inflation, as rising prices of gold, oils and fats, and chemical products drive the increase. Imported inflation is the increase in the price of goods and services in a country due to higher costs of imported products.

logistics sector is poised for a significant transformation and evolving supply chains are expected to drive a projected demand for around 1.2 billion sq ft of warehouse space by 2027 spanning across Grade A, B, and C facilities in cities across the country, showed a JLL India and Miebach Consulting, India study. This growth is not only about quantity but also quality, with a significant shift towards Grade A warehousing, where stock is expected to rise from 290 million sq ft in 2023 to 400 million sq ft by 2027. E-commerce, Third-Party Logistics (3PL), and omni-channel retail are emerging as the primary drivers of this warehousing boom, particularly for high-quality Grade A spaces. However, the landscape of growth is changing. While major cities have traditionally dominated the warehousing sector, tier II and III cities are now emerging as the next frontier. The study reveals a striking 41% increase in warehouse space absorption in Tier II plus markets from 2022 to 2023,

A five-judge Constitution bench headed by Chief Justice DY Chandrachud said the Assam Accord was a political solution to the problem of illegal migration. Read More: Assam Accord: SC upholds constitutional validity of Section 6A of the Citizenship Act

Tube Investments of India Ltd. dropped 1.87 per cent to Rs 4419.0 at 12:26PM (IST) in Thursday's trade. The scrip hit a high of Rs 4511.0 and low of Rs 4397.55 so far during the session. The stock had closed at Rs 4503.6 in the previous session. The counter had a total traded volume of 12:26PM shares so far with a turnover of Rs 0.48 crore on BSE. The stock traded at a price-to-earnings multiple of 70.63 and a price-to-book ratio of 14.15.

William O’Rourke, a six-foot-four pacer from New Zealand, has quickly risen to prominence in international cricket. At 23, O’Rourke holds the record for the most wickets taken by a debutant for New Zealand in Test cricket. In the first Test match against India in Bengaluru, O’Rourke dismissed three key Indian batsmen: Virat Kohli, Yashasvi Jaiswal, and KL Rahul.