India Financial News

Kautilya Economic Conclave asserted that world's confidence in India remained high despite uncertainties. Additionally, the PM said the government will continue with structural reforms to achieve the ambitious Viksit Bharat 2047 dream. «This conclave is being organised at a time when there is a war situation in two big regions of the world. Both these regions are very important for the global economy, especially energy security. Amid this big global uncertainty, we are here discussing 'The Indian Era', it shows that today the trust in India is of different level,» said PM Modi during his address. «The global leaders and financial experts are optimistic about India’s growth. The investors believe that it’s the right time to invest in India. It’s not a coincidence, rather, it’s result of the reforms that have happened in India in the past decade,» said the PM.

Taylor Swift endorsed Vice President Kamala Harris last month, post which her popularity increased, defying Donald Trump's forecast that she would pay a price for it in the marketplace. Since supporting Kamala Harris for president on Spotify, Taylor Swift has amassed more than 1.8 million followers. Swift's number of Spotify followers increased by 1.85 million to 122.56 million as of October 3 following her announcement on September 10 that she will support Harris in the U.S. presidential race, as per statistics provided by analytics firm Chartmetric. According to the most recent data from Chartmetric, Swift is presently only surpassed by Indian musician Arijit Singh. Some Trump backers have attempted to argue that Swift has lost fan support as a result of her Harris endorsement by citing another statistic, the number of Spotify monthly listeners. Swift's monthly listener count has decreased by almost 3% since September 10—down 3 million to 91.4 million.

DroneAcharya Aerial Innovations, which has supplied First-Person View drones to the Indian Army, has reached a major milestone by setting a top speed and new benchmark of flying at an altitude of over 17,000 feet, one of the highest ever recorded in Ladakh. Unparalleled in the 7-10-inch category, DroneAcharya's First-Person View (FPV) drones also achieved a top speed of 129 km per hour, far exceeding the required minimum of 60 km per hour, and covered a range of 6.39 km, surpassing the five-km target set by the Army. DroneAcharya demonstrated the capabilities of its FPV drones at Wari-La, a high-altitude area in Ladakh, showcasing their effectiveness in operations. «The company's first-person-view or FPV drones recorded an altitude of over 17,000 feet (604 metres above launch altitude), possibility the highest in the recent history at such altitudes in Wari-La in Ladakh,» an official said.

defence collaboration, the defence equipment manufacturers are expecting manifold increase in the collaboration and are bullish on Make in India initiative. MBDA, Europe’s leading missile manufacturer is looking to set up unit in India. Head of Naval systems in MBDA missile Systems, Stefano Bertuzzi told ET, " We are planning to have a unit in India in next three to four years. " Naval Group India is the first subsidiary of any Original Equipment Manufacturer (OEM) platform designer to establish it physical presence at Karwar.

Reserve Bank of India said on Friday group entities of banks shall not be used to circumvent guidelines applicable to the parent for carrying on business activities that are not otherwise permitted. RBI reviewed the current guidelines in public interest, in order to ring-fence the banks' core business from other risk-bearing non-core businesses and to provide level-playing field to all the banks, according to a draft circular. Indian laws permit banks to undertake various forms of businesses, in addition to the core business of banking.

Mumbai, Thursday, October 4, 2024: Prime Securities Ltd. (PSL https://primesec.com/ ), a SEBI registered Category-I Merchant Banker, is expanding its reach within the financial services sector by entering the wealth management business through its wholly-owned subsidiary,Prime Trigen Wealth Ltd. (PTWL). This strategic move aims to tap into new growth opportunities with significant scalability potential.

HDFC bank, Yes bank, CSB Bank and Karur Vysya Bank reported higher deposit growth print than credit growth, in a reversal of the sectoral trend of credit growth outpacing deposit growth over the past two years. India’s largest private sector lender HDFC Bank grew deposits by 15.1% year-on-year at the end of the September quarter taking its total deposit base to Rs 25 lakh crore. Sequentially deposits grew by 5% as it added Rs 1.2 lakh crore worth of deposits in one quarter alone. «Deposit growth is the metric that matters the most for HDFC Bank and it looks healthy, and going by the other banks’ headline metrics that have come in, there is a clear improvement in the liquidity environment,» said Pranav Gundlapalle, head, India financials at Bernstein.

Subscribe to enjoy similar stories. On a muggy August afternoon, the entrance to the iconic Regal theatre in Mumbai is clogged. A hand-painted poster of Ramesh Sippy’s Sholay (1975) is mounted on the scaffolding, and a crowd has gathered to watch the film.

GAIL has signed a preliminary deal with AM Green to set up 2.5 GW of renewable projects jointly. The two companies will “undertake studies for long-term supply of around 350,000 tonnes per annum of CO2 generated by GAIL in its gas processing plants to produce e-Methanol,” the state-run gas marketer said in a statement. “GAIL shall also have an equity option to invest in the proposed e-Methanol project.” Companies will “jointly explore” setting up solar, wind or hybrid renewable projects up to 2.5 GW across India.

HDFC Bank continued its drive to aggressively grow its deposit base by adding more than Rs 1.2 lakh crore worth of deposits in the September quarter provisional numbers showed. The lender grew its deposit by 15.1% at the end of the September quarter taking its total deposit base to Rs 25 lakh crore. Sequentially deposits grew by 5%. «Overall, we see this as a good set of numbers and if the margin is stable despite the slower loan growth, it would provide greater confidence on a quicker normalization story,» said Pranav Gundlapalle, head, India financials at Bernstein. «We could even see a continuation of the healthy margin improvement story if there had been a substantial decline in borrowings during the quarter.»

Middle East, India on Friday said that it has not yet initiated an evacuation process to bring back Indians from Israel, Iran, and other countries in the region. During the weekly briefing, Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal emphasised that flight services are still available for those who wish to return to India. Jaiswal further talked about India's stance on the ongoing tensions, saying «We issued a statement a few days back expressing deep concern — we said that the violence and the situation is of deep concern for us. We had reiterated a call for restraint by all concerned and also the protection of civilians.»

Samantha Ruth Prabhu, known for her commitment to wellness, has expanded her approach by incorporating aromatherapy into her routine. She recently shared her experience during her "healing journey." In a recent post, Samantha mentioned, «When I was on my healing journey and went for treatment abroad, aromatherapy became an unexpected source of comfort and healing for me. I realized just how much the healers in the West were using the power of essential oils to enhance well-being. It made such a difference to my health.»

MS Dhoni has increased his investment in the drone start-up Garuda Aerospace, which is preparing for an IPO. While the exact amount of the investment has not been publicly disclosed, sources indicate that Dhoni has invested Rs 4 crore, raising his stake in the company to 1.1%. “I am proud to be part of Garuda's journey as they expand globally and make a positive impact on agriculture, defence, Industry 4.0, and the consumer drone sector,” Dhoni stated. Agnishwar Jayaprakash, the Founder and CEO of Garuda Aerospace, expressed his admiration for Dhoni, saying, «Mahi Bhai has inspired all of us at Garuda Aerospace. His encouragement and unwavering support motivate each of us to deliver our best.»

Best geysers in India: Choose from top 10 energy efficient options for every budgetWater storage geysers or heaters are a great way to ensure you always have hot water on hand, making them perfect for bigger families or when you need hot water. They keep heated water in insulated tanks, so the temperature stays steady for longer and helps save on electricity.

Subscribe to enjoy similar stories. Food prices saw their fastest increase in 18 months in September, with the prices of all commodity groups rising, led by sugar, the Food and Agriculture Organization of the United Nations said. The FAO’s food price index, which tracks global prices for a basket of staple foods, averaged 124.4 points in September, up 3.0% from August and 2.1% higher on year.

Subscribe to enjoy similar stories. MUMBAI : There's a real buzz on the Street about nuclear power as investors are beginning to look beyond renewables for carbon-free energy sources. In the US, Microsoft Corp.

Subscribe to enjoy similar stories. Toy maker Mattel has launched a new Barbie doll, designed by Anita Dongre, a first such collaboration with an Indian designer. Celebrating the festive season, the Barbie Signature Diwali doll wears a choli top, floral koti and a lehnga adorned with dahlias, jasmine and lotus—classic Anita Dongre.

Reasons to buyReasons to avoidThe LG UltraWide 34 Inches WFHD Display features a stunning 34-inch screen with WFHD resolution, providing a wide viewing angle and vibrant colors. With a sleek design and adjustable stand, it enhances both gaming and office setups.Reasons to buyReasons to avoidThe LG UltraWide 2560x1080 Calibrated Color 29WQ600 offers a wide display with calibrated color accuracy, making it ideal for professional graphic design and content creation.

More Indians are holidaying abroad than ever before. The Reserve Bank of India’s data on outward foreign remittance in FY24 confirms this, as overseas travel was the primary source of outflows at 53%. This includes business travel as well, but empirical data and reports highlight the current craze among Indians for foreign holidays.

As India approaches becoming the world's third-largest economy, a new era of wealth creation emerges. With GDP projected to triple in the next decade, it's an opportune time for Indians to embrace wealth consciousness.

Subscribe to enjoy similar stories. When it comes to investing in the Indian stock market, most investors gravitate toward the big names—Reliance Industries, Tata group, Adani. These companies dominate the headlines, and investors often wonder what sets them apart.