India Financial News

Tamil Nadu government on Wednesday said Samsung India Electronics has accepted most of the demands of workers, who commenced strike on September 9, and reiterated its request that employees resume work immediately.In a related development, on Tuesday night, some participants/those related to the strike were arrested by police and were later released 'on their own bond' by a magistrate. A key demand of the Samsung workers, registration of their union, backed by the CPI(M) affiliated Centre of Indian Trade Unions (CITU), is, however, yet to be accepted by the authorities. Deputy Chief Minister Udhayanidhi Stalin said Samsung, a multinational, has its own rules. The only bone of contention is registration of the workers union. «Samsung says that they will not accept a Union which has a political affiliation. This is their stand. Currently, discussions are going on,» he told reporters.

Subscribe to enjoy similar stories. MUMBAI : Registered investment advisors (RIAs) can offer all kinds of products, including those not regulated by the Securities and Exchange Board of India (Sebi), and charge fees or receive commissions, said Sebi full-time member Kamlesh Varshney in an interaction with the Association of Registered Investment Advisors (ARIA) on Wednesday. Moreover, he said such fees should not be subject to Sebi caps, adding that there would not be any requirement to offer such products through a different entity, as Sebi had contemplated earlier.

Reasons to buyReasons to avoidAlso read: Amazon Great Indian Festival flash deals: Big savings on furniture; with discounts being offered at more than 55%2. Amazon Brand - Solimo Vega 1 Seater Fabric ReclinerThe Amazon Brand - Solimo 3 Seater Recliner is a spacious and comfortable option for larger living rooms. With its plush cushions and sturdy construction, this recliner offers ample seating space and support.

Subscribe to enjoy similar stories. The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) unanimously voted for a change in stance to neutral from withdrawal of accommodation while one member dissented on the rate action in favour of a rate cut. There is a significant change in the RBI governor’s statement from the last policy with focus increasingly shifting to balancing growth and inflation rather than being ‘actively disinflationary’.

Subscribe to enjoy similar stories. Mumbai: Hyundai Motor India will continue to focus on premium vehicles across traditional, electric and hybrid models that bring higher margins, the company’s management said as they formally announced the world’s largest public offering so far this year. India’s second-largest carmaker will have access to all propulsion technologies, including electric and hybrid, through its parent in Korea (Hyundai Motor Co.), they said.

Subscribe to enjoy similar stories. Godrej Consumer Products Ltd’s (GCPL) September quarter (Q2FY25) update highlights the challenges of tackling inflationary pressures and simultaneously pursuing growth. Its India business is likely to report high single-digit volume growth year-on-year.

Subscribe to enjoy similar stories. Tiger Global-backed wealth platform Jar has ventured into e-commerce, hoping to add another string to its bow as it pursues sustainable growth and attempts to trim losses. The gold-focused micro-savings company quietly entered the e-commerce race in February with Nek, its direct-to-consumer jewellery brand, co-founder and CEO Nishchay AG told Mint.

Subscribe to enjoy similar stories. On Wednesday, Reserve Bank of India (RBI) Governor Shaktikanta Das stayed true to his words.

Subscribe to enjoy similar stories. Has the splendid economic recovery after the pandemic been dominated by profits rather than wages? The answer to this question has profound consequences for the future direction of the Indian economy. Two recent data releases from the government provide useful information on this issue.

Subscribe to enjoy similar stories. MUMBAI : India's capital markets regulator has issued show-cause notices to more than 120 stockbrokers for their association with Tradetron as a part of its larger probe into algo-trading platforms. Mint explains: The notices came after the Securities and Exchange Board of India (Sebi) found Tradetron to be displaying algo trading strategies promising assured returns on its website.

Subscribe to enjoy similar stories. The global shift towards green energy is accelerating, and India is no exception. As the country gears up to meet its ambitious renewable energy goals, its financial sector is playing an increasingly important role in funding this transition.

Subscribe to enjoy similar stories. I don’t feel like writing this piece. I am feeling bored and Mumbai’s famous October heat is here.

Following the announcement of the price band, the company's GMP is steady at Rs 147 in the grey market. Considering the upper price band of Rs 1,960, the stock is expected to fetch marginal gains of 7% if the current trends are sustained.

Tata Electronics on Wednesday said it has appointed Bobby Mitra as Chief Information Officer (CIO) and President of AI and Digital Transformation. In this role, Mitra will drive enterprise-wide initiatives in AI and digital transformation for electronic manufacturing services, semiconductor assembly and test, semiconductor foundry, and design services businesses, it said in a statement. Mitra and his team will be instrumental in advancing Tata Electronics' commitment to AI-led manufacturing excellence, particularly in establishing India's first semiconductor Fab in Dholera, Gujarat and the first indigenous semiconductor assembly and test facility in Jagiroad, Assam. Tata Electronics MD and CEO Randhir Thakur said Mitra's deep knowledge of smart manufacturing and the digital ecosystem will be key to delivering value to the customers.

Delhi High Court on Wednesday granted BJP leader Subramanian Swamy time to file a copy of petition pending before the Allahabad High Court on the issue of Congress leader Rahul Gandhi's citizenship. The court was informed by Swamy that he had obtained the copy of the petition and the prayers in that matter are different from that of his pleadings. A bench of Chief Justice Manmohan and Justice Tushar Rao Gedela asked the petitioner to file the documents in electronic form in compliance with its last order and listed his plea for further hearing on November 6. The bench was hearing a plea by Swamy seeking directions to the Ministry of Home Affairs (MHA) to decide his representation seeking cancellation of Rahul Gandhi's Indian citizenship.

BSE at 01:02PM (IST) on Wednesday, up 0.98 per cent from previous close. The stock quoted a 52-week low price of Rs 636.1 and a high of Rs 1148.3.

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Bigg Boss 18’, the contestants found themselves scolded by ‘Bigg Boss’ for not adhering to the rules during the season’s first task. Following the announcement, tensions flared, leading to arguments between housemates like Karan Veer Mehra, Arfeen Khan, Avinash Mishra, and Shehzada Dhami. Once the dust settled, former actress Shilpa Shirodkar was seen opening up about her personal life in a conversation with Advocate Gunratna. She reminisced how her husband, British banker Aparesh Ranjit agreed to relocate to India when she hit rock bottom after the death of her parents. With emotion, Shilpa reflected on her past, sharing, “Aparesh was thriving in his career, but he gave up everything, and we relocated to India. When I lost my parents in 2008, I fell into a deep depression. Aparesh was at the peak of his career, but he sacrificed it all to move here. If he had insisted, ‘I won’t put my career aside, you should be the one to adjust,’ today he would be in a completely different position in the banking world.” Gunratna, who sat alongside Shilpa, offered his perspective on her career choices. He likened her journey to that of a politician, saying, «It takes a politician 35 years to build their career, and similarly, once in 50 years, we get an actor of great caliber. I genuinely believe that, along with Madhuri Dixit, you were among the few who had the potential to reach that level. But suddenly, you decided to leave the industry.»

coal-fired power output fell for a second straight month in September on an annual basis due to slower growth in electricity use and a surge in solar generation, a Reuters review of data from the federal grid regulator showed. The decline reflects a shift in fuel use patterns in the world's fastest growing major economy and third-largest greenhouse gas emitter. It follows 47 straight months of year-over-year growth in coal use for power generation. Electricity use in India has been rising since the pandemic due to a surging economy as well as heatwaves. However, higher rainfall during this year's monsoon reduced air-conditioning demand and weighed on power consumption, analysts say.

economic growth outlook, is expected to uphold the stable growth pattern in the housing property market. The ongoing steady growth in transactions for mid-range and luxury residential properties, along with a cautious approach toward the interest rate-sensitive affordable and low-income housing markets, is expected to continue, experts said. “The Reserve Bank of India's decision to maintain the repo rate at 6.5% and adopt a neutral stance reflects an astute understanding of the complex geopolitical and economic landscape. While a 25basis point cut could have further energized festive sales and buoyed market sentiment, the current approach represents a balanced measure to sustain financial health,” said Niranjan Hiranandani — Chairman, NAREDCO and Hiranandani Group.