India Financial News

Sensex and Nifty50, gave up early gains and ended in the red on Tuesday, dragged down by index heavyweights Reliance Industries, financial, and IT stocks. A drop in metals and automakers also helped the downturn. The chances of a delayed domestic rate cut after a hotter-than-expected September inflation print dampened investor sentiments. The BSE Sensex fell 153 points, or 0.19%, to close at 81,820, while the NSE Nifty dropped 70 points, or 0.28%, to end at 25,057.

Transformers & Rectifiers(India)Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), Jyoti Structures Ltd.(up 4.92%), Voltamp Transformers Ltd.(up 4.48%), Inox Wind Ltd.(up 4.22%), GE T&D India Ltd.(up 3.83%), CESC Ltd.(up 3.59%), Adani Energy Solutions Ltd.(up 2.27%), GE Power India Ltd.(up 1.96%) and Reliance Power Ltd.(up 1.93%) stood among the top gainers.

mandatory disclosures on packaged products sold through quick commerce companies, a senior government official said on Tuesday, signalling potential regulatory action against non-compliant firms. Consumer Affairs Secretary Nidhi Khare told reporters the government is examining whether these companies are adhering to the Legal Metrology Act, which requires disclosure of key product information. «We are examining mandatory disclosures on packaged products sold via quick commerce companies,» Khare said. The act mandates that packaged goods sold both online and offline must display information including maximum retail price, expiration date, weight, manufacturer details, and consumer grievance addresses.

JioBharat V3 and V4 will soon be available for purchase on platforms such as Amazon, JioMart, and via select offline retailers. These phones offer an exclusive prepaid recharge plan starting at Rs. 123 per month, which includes unlimited voice calling and 14GB of data, further enhancing their affordability for a wide range of consumers.Building on the success of the previous JioBharat V2 model, the JioBharat V3 is positioned as a stylish option, while the V4 focuses on usability.

Subscribe to enjoy similar stories. Thirteen years have passed since al-Qaeda’s last big plot against America, a botched effort to blow up New York’s subway in 2009. The war in Afghanistan is over.

Subscribe to enjoy similar stories. Speciality coffee has come a long way since the pandemic. While homebrewers polished the art of pourovers at home, cafés sought top notch bean-to-cup experiences.

Also read: Amazon Great Indian Festival Mega Deals: Winter appliances with up to 55% off, Lowest Price on geysers, heaters and moreCheck out the amazing Amazon deals on storage geysers during the Great Indian Festival. Storage water heaters are a popular choice for households that require a steady supply of hot water.

1. Samsung 138 cm (55 inches) D Series Crystal 4K Vivid Pro Ultra HD Smart LED TV Experience stunning visuals with the Samsung 55 inches Crystal Vivid UA55DUE77AKLXL.

Eldos Mathew Punnoose exercised India's right of reply against Pakistan at the Joint General Debate on decolonization at the United Nations on Monday. Punnoose condemned Pakistan's «unsubstantiated allegations» regarding the Union Territories of Jammu and Kashmir and Ladakh. He emphasised the need for Pakistan to cease its ongoing human rights violations in Pakistan-occupied Jammu, Kashmir and Ladakh. Targeting Pakistan, he said, «Unsubstantiated allegations by Pakistan largely pertain to the Union Territories of Jammu and Kashmir and Ladakh. India would like to reiterate that Jammu and Kashmir and Ladakh are, were and will be an integral and inalienable part of India. Clearly, Pakistan does not merit a response on the internal affairs of India.»

Predator drones for the Indian armed forces. As part of the deal, India will also see the establishment of a maintenance, repair, and overhaul (MRO) facility for the General Atomics-manufactured drones in the country. Final approval for the mega deal was secured earlier this year during a Defence Acquisition Council meeting, with the Indian government cutting it close to an October 31 deadline set by the Americans. The Cabinet Committee on Security (CCS) only approved the deal last week. Of the 31 drones, 15 will be allocated to the Indian Navy, while the Air Force and the Army will each receive eight. The long-range drones will be armed and will add to the two that are already being leased by the Navy.

IPO has opened for subscription, but investors might have to brace for losses on debut, going by the grey market trends. The GMP is on a continuous slide and is currently trading at just 1.6% premium over the issue price. It would not surprise anyone if the GMP falls to negative before the listing, given the sharp fall over the past few days.

Justin Trudeau's aggression and allegation towards Indian officials in a «murder investigation» has only worsened the already frosty India-Canada ties. Ties between India and Canada have been thorny ever since Justin Trudeau alleged India's involvement in the killing of Hardeep Singh Nijjar, a Canadian Khalistani terrorist, in June 2023. India has repeatedly refuted these claims as «absurd» and «motivated,» accusing Trudeau's government of indulging in vote-bank politics by pandering to pro-Khalistan elements within Canada. Justin Trudeau has experienced a number of scandals and missteps since taking power in November 2015. Amid the growing tensions between India and Canada, let's have a look at the controversies of Justin Trudeau:

Lawrence Bishnoi gang to Indian government agents while alleging “use” of “organised crime elements” to target the pro-Khalistani elements. The accusations comes as the ties between the two nations started deteriorating further with India expelling six Canadian diplomats, hours before Canada’s foreign ministry announced the expulsion of six Indian diplomats. Indian diplomats and consular officials based in Canada leveraged their official positions to engage in clandestine activities, such as collecting information for Indian govt that was used to target members of the South Asian community, alleged Royal Canadian Mounted Police (RCMP) that is handling the probe into the Hardeep Singh Nijjar murder case. RCMP had arrested three persons in the Nijjar case in May this year. Canada's Justin Trudeau on the claims said «As the RCMP Commissioner stated earlier, they have clear and compelling evidence that agents of the Government of India have engaged in and continue to engage in activities that pose a significant threat to public safety, including clandestine information gathering techniques, coercive behaviour targeting South Asian Canadians, and involvement in over a dozen threatening and violent acts, including murder.»

SIAM data. Automobile companies are reducing the number of vehicles dispatched to dealerships as buyers are showing caution in their spending, despite significant discounts, said the report (by Pankaj Doval). According to the Society of Indian Automobile Manufacturers (Siam), passenger vehicle dispatches decreased by 2% in the second quarter of the current fiscal year. Companies typically build up inventory before the festive season during this time, but dispatches dropped to 10.5 lakh units, down from 10.7 lakh units in the same period last fiscal year. For the first half of the fiscal year (April-September), dispatches rose marginally by 0.5%, reaching 20.8 lakh units compared to 20.7 lakh units in the year-ago period.

Gokwik. This shift reflects growing shopper confidence and trust in D2C brands making them inert to marketplace sales. Major marketplaces of the Indian eCommerce ecosystem ran their biggest festive sales starting from 25 September all the way till Dussehra. Earlier, D2C brands used to witness a dip in orders during this time, but the wheel has shifted since last year. D2C brands are now also running robust sales parallel to marketplace sales, and continuing to see a surge in order volume.

«So, whether the fiscal incentive comes or not, that will determine quite a few things. And of course, if exports were to revive, then it can become a much better trade. But these two has not happened yet and in the absence of these two, China remains more of a tactical trade,» says Rana Gupta, Manulife Investment Management. All of us in the last 15 days have spent a considerable time in understanding this China comeback and sell India trade. Is that a real trade? Do you think that is a multi-year trade or that trade is already over? Rana Gupta: Well, it depends on whether the Chinese policymakers go down the path of a large fiscal stimulus or not. In our view, China was export oriented economy, which got its savings and invested in real estate.

Indian government must revive its data centre policy to ensure that data of Indian citizens is stored locally, Akash Ambani, Chairman, Reliance Jio Infocomm said. The scale and speed of multilingual data generation in India which will fuel the AI revolution will grow exponentially. We request the government to expedite the updating of the 2020 draft of the Data Centre Policy so that Indian data remains within the geography, he said. “Therefore, any company ready to set up AI and machine learning data centres should get all necessary incentives, including incentives for power consumption,” Ambani said. He was speaking in the presence of Prime Minister Narendra Modi at the inaugural session of the India Mobile Congress 2024 at Pragati Maidan, Delhi on Tuesday.

Bharti Airtel Chairman Sunil Mittal said today. “Opening up of the space sector to private industry is a big step….but intertemporal choices will have to be made as to how satellite services which are moving fast and technologies need to coexist with terrestrial networks,” Mittal said while speaking during the inaugural of World Telecommunication Standardization Assembly (WTSA-24) and India Mobile Congress. There are around 5% of people who are in those remote areas, in mountains, in forests where USO is trying to provide the services. With the Satcom services, they will be able to connect on a fast speed network to the internet, he said.

A federal appeals court revived a lawsuit filed by one Native American tribe over another’s construction of a casino on what they said is sacred land

Indian Hotels Company Ltd. gained 0.58 per cent to Rs 709.0 at 11:51AM (IST) in Tuesday's trade. The scrip has hit a high of Rs 712.3 and low of Rs 702.9 so far during the session. The stock had closed at Rs 704.9 in the previous session. The counter has had a total traded volume of 15810 shares so far with a value of Rs 1.11 crore on the NSE. It traded at a price-to-earnings multiple of 78.39 and a price-to-book ratio of 8.9.

satellite spectrum, telecom tycoon Bharti Airtel's Sunit Mittal on Tuesday while addressing India Mobile Conferrence asserted that satcoms need to buy spectrum the same way telecom operators do along with paying license fees. «Telecom companies around the globe have done seminal work in connecting the world. They will take the satellite services into the remotest parts of the nations through the USO program and directly through themselves. The satellite companies who have ambitions to come into urban areas serving elite retail customers just need to take the telecom licenses like everybody with the same conditions and will have to buy the spectrum and pay license fees as the telecom players,» Mittal said. The issue around satellite spectrum allocation has once again become the point of disagreement between Reliance Jio and other satcom players.