India Financial News

Diwali Dhamaka Sale: Grab more than 40% discount on refrigerators from Samsung, LG and morePremium refrigerators will make your kitchen look and feel betterAlso read: Diwali gifting made easier with Amazon Great Indian Festival limited time deals: Get home decor, electronics, and morePremium washing machines are designed to redefine your laundry experience with top-of-the-line technology and exceptional performance. Featuring advanced washing modes, smart sensors, and energy-efficient operations, these machines provide superior cleaning while minimizing water and energy consumption.

Skill Development & Entrepreneurship on Monday said it has entered into a partnership with Meta to launch an AI Assistant for the Skill India Mission and establish five centres of excellence in virtual reality and mixed reality. Under the partnership, an innovative AI-powered chatbot powered by Meta's open-source Llama model will be developed to enhance the learner experience on the Skill India Digital (SID) Portal. Moreover, the five centres of excellence at National Skill Training Institutes (NSTIs) in Hyderabad, Bengaluru, Jodhpur, Chennai, and Kanpur will equip learners and instructors with the latest VR technology to learn and enhance existing skills in a safe, immersive, and engaging environment, according to a statement.

Infosys co-founder Nandan Nilekani recently shared memories of his first meeting with his wife, Rohini, during a quiz competition in 1977 at Mumbai's Elphinstone College. In a podcast with Nikhil Kamath, he recalled, “We had a quiz competition, I was representing IIT and the quiz was (hosted) at Elphinstone College. That's how I met her.” Nilekani humorously noted that IIT had «obviously» won the competition, adding, “Obviously, we won the quiz… That’s how I met her way back in 1977."

It was underlined that in an atmosphere of «extremism and violence», the Trudeau Government's actions endangered their safety, said MEA. The statement further said, «We have no faith in the current Canadian Government's commitment to ensure their security. Therefore, the Government of India has decided to withdraw the High Commissioner and other targeted diplomats and officials.»

skill development and entrepreneurship (MSDE) entered into a partnership with Meta India to provide artificial intelligent (AI) assistant for the Skill India Mission and to establish five centers of excellence (CoEs) in virtual reality (VR) and mixed reality (MR) at National Skill Training Institutes (NSTIs) located at Hyderabad, Bengaluru, Jodhpur, Chennai and Kanpur. “Our mission is to empower India’s youth with the skills they need to thrive in today’s competitive landscape,” Jayant Chaudhary, minister of state (independent charge), MSDE said. “By integrating technologies like artificial intelligence, virtual reality and mixed reality into the Skill India ecosystem, we are democratizing access to cutting-edge technologies enabling personalized learning pathways for the youth of the country,” he said.

Reliance Retail, as it now features on the catalogue of its fashion e-tail platform AJIO. Earlier, Timberland had to close its retail stores across India in 2015 due to stiff competition in the local market and conflict with a similar local brand Woodland. The Timberland Company, a subsidiary of US-based VF Corporation, and Woodland, which also has a tree logo, were engaged in litigation over intellectual property, as the two have identical logos and products. On Monday, in its earnings statement, Reliance Industries said: «AJIO has been strengthening its portfolio through new brand launches like ASOS, H&M, Timberland, to name a few».

Reliance Industries and Disney India is expected to be completed in 3Q FY25. Viacom18 and Star India Private Limited obtained the approval from Competition Commission of India for the proposed transaction between the two companies and the Scheme of Arrangement for merging their business was sanctioned by the National Company Law Tribunal. «The companies are in the process of obtaining other requisite approvals for the completion of the transaction and transaction closer is expected in 3Q FY 25,» said the company is stock exchange filing.

Bansi S Mehta which has a five decade history of advising large corporates on mergers is combining with Karra & Co to expand its reach across India, as per a linkedin post by the Mumbai-based firm. Founded by Bansidhar S Mehta in 1958 as a firm of accountants it has expanded capabilities to include tax and mergers advisory. It also has offices in Delhi and Surat. “As part of this merger, we will be expanding our presence with the addition of new branches in Chennai and Hyderabad. This expansion will enable us to better serve our clients and community, providing more accessible and convenient options”, said a statement from the firm.

6G services by Bharat 6G Alliance proposing that the 6GHz band be used by telcos has drawn protests from technology companies and broadband service providers. The report, yet to be released in public, has identified the 6GHz band because of its large contiguous bandwidth. «It supports enhanced coverage and capacity of urban and suburban environments, and its ability to balance mobility and data requirements make it a promising 6G candidate,» the report said. ET has seen a copy of the report. «The 6 GHz to 8.4 GHz spectrum is foreseen as „Golden Band“ of opportunity for 6G success in India. The entire frequency range should be studied for use by mobile operators,» the report notes.

BCCI has decided to scrap the contentious Impact Player rule for the upcoming Syed Mushtaq Ali T20 Trophy. The Impact Player concept was introduced in SMAT couple of years ago and was later extended to the Indian Premier League. «Kindly note that the BCCI has decided to do away with the provision of the 'Impact Player' for the ongoing season,» the BCCI informed the state associations on Monday. The BCCI's decision to do away with the Impact Player comes shortly after it decided to retain the rule in the IPL till 2027. With record 250 plus total seen in the IPL this year, the Impact Player experiment was questioned by many including India skipper Rohit Sharma.

Get ready for the ultimate ‘floor cleaner,’ with Dyson’s latest Dyson WashG1. Dyson adds another revolutionary product in its floor cleaner lineup. Launched on October 10, the company claims this ‘floor cleaner’ is capable of cleaning both dry and wet debris together. 

ecommerce companies are slated to ship merchandise worth $12 bn in the latest festive season, a rise of 23% vs last year. Quick commerce, the Shinkansen sibling, may well contribute to nearly 10% of this figure. Piyush Goyal has publicly expressed concern about online discounting policies ravaging small retailers. All India Mobile Retailers Association (AIMRA) has complained to large manufacturers about rampant transactional favouritism to the digital universe. Flipkart's 2024 'Big Billion Day' attracted over 33 cr user visits over just two days, while Meesho's 'Mega Blockbuster Sale' recorded a 100% growth in Day 1 sales. Both brands have noted a clear increase in the demand from tier-2 and tier-3 cities, spurred by improving logistics. Physical channels are still going strong. But, clearly, the shift towards device-to-home is irreversible, aided by a seminal shift in consumer behaviour across categories, from dining to dressing. Quickcom, reportedly growing at over 280% over the last 24 months, has led to an influx of new categories, including consumer electronics.

Bengal Chief Secretary on Monday urged the agitating junior doctors to withdraw their hunger strike stating that seven of their ten demands have been met, and expressed concern over their health condition. However, the protest continued even after Chief Secretary Manoj Pant held a meeting with different senior doctors' associations, including the Indian Medical Association (IMA), on Monday. Meanwhile, the West Bengal Junior Doctor's Front (WBJDF) held a Raj Bhawan 'abhijaan' (march) on Monday and submitted a deputation to Governor CV Ananda Bose, seeking justice for the deceased doctor who was raped and murdered at RG Kar Medical College & Hospital on August 9. At least 12 doctors' organisations met the state administration, led by the chief secretary, home secretary and other senior health officials, at the Health Department Swasthya Bhawan. WBJDF members were not present at the meeting even as the fast-unto-death protest taken up by WBJDF at Esplanade entered the tenth day on Monday.

job interview experience on Reddit that left her both frustrated and perplexed. The interview, which took place at a small company near her residence, started with standard CSS questions but quickly shifted focus when the interviewer asked her to draw the Indian flag using CSS.

NEW DELHI: In recent years, retail investors have emerged as a formidable force in India’s equity markets, driven primarily by the growth of mutual fund investments through systematic investment plans (SIPs). However, this influx of «uninformed» retail money is inadvertently creating exit opportunities for seasoned «smart money» investors—such as promoters, private equity funds, and multinational corporations (MNCs). While these sophisticated investors capitalize on elevated valuations, they are taking money home, raising concerns about unintended consequences. Could retail money be inflating market valuations to unsustainable levels and crowding out foreign portfolio investments (FPIs)?

pollution control panel for Delhi-NCR on Monday directed state governments in the region to implement the first stage of the Graded Response Action Plan (GRAP) as the capital's air quality was in the 'poor' category for the second consecutive day. The Stage I of GRAP, a set of winter-specific anti-pollution measures, focuses on controlling pollution through dust mitigation at construction sites, proper waste management, and regular road cleaning. It mandates strict checks on polluting vehicles, better traffic management, and emission controls in industries, power plants, and brick kilns. The first stage also bans open burning of waste, limits the use of diesel generators, and prohibits the use of coal or firewood in eateries. According to the Central Pollution Control Board (CPCB), Delhi's 24-hour average air quality index stood at 234 (poor category) as of 4 pm on Monday.

Car sales in the first half of the fiscal year has been slower than expected, but with the onset of the festive season demand is expected to gain momentum helping bringing down stocks in the network, Society of Indian Automobile Manufacturers (SIAM) Shailesh Chandra said. As per data available with the industry body, sales of cars, sedans and utility vehicles went up by a modest 0.5% to 2,081,143 units between April and September FY25, signalling a weakening of demand in the third largest automobile market in the world. Passenger vehicle sales in India rose by 8.4% to a record 4.22 million units in FY24. Chandra said, “The expectation was slightly better than (sales growth being) flattish. While April was good, sales in May and June did not play out as per expectation, which impacted industry volumes adversely. In September too, two weeks of Shraddh (considered by consumers as inauspicious for making purchases) affected retails. But now with the start of festival period, sales on-ground seem to be doing well.”

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Subscribe to enjoy similar stories. India has made remarkable progress in reducing income-based extreme poverty over the past several years, but this journey has been anything but straightforward. From 2015 to 2023, the country experienced a sharp rise in extreme poverty, worsened by the covid pandemic, followed by an equally dramatic recovery.

Indian Space Research Organisation (ISRO) Chairman, S Somanath, was awarded the prestigious International Astronautical Federation (IAF) World Space Award 2024. The award was given in recognition of ISRO’s successful Chandrayaan-3 mission—a historic milestone in lunar exploration of the South Pole, making India one of the few countries to do so. The award ceremony took place in Milan, Italy. “ISRO is honoured to announce that Dr. S. Somanath, Secretary DOS and Chairman of ISRO, has received the prestigious IAF World Space Award for Chandrayaan-3's remarkable achievement. This recognition celebrates India’s contributions to space exploration. Celebrations are underway in Milan as we continue to strive for new frontiers,” the space agency said on X.

Subscribe to enjoy similar stories. Hyundai Motor India (HMI), the second-largest player in the Indian passenger vehicle market since FY09, is set to make history with its massive initial public offering (IPO) on Tuesday.