India Financial News

Subscribe to enjoy similar stories. India could brace for trade and stock market shocks, costlier crude and shipping, fewer jobs for Indians in West Asia and a drag on growth momentum, experts said, as Iran’s direct attack on Israel and the latter’s missile strikes on neighbouring Lebanon spark fears of an all-out conflict. A vulnerable point for the Indian economy, which imports nearly 85% of its crude oil requirement, is energy security, but experts remained optimistic about global powers stepping in to contain the crisis and limit damage to trade and economy.

Subscribe to enjoy similar stories. New Delhi: Caught in a cycle of costly legal battles, the Indian government plans to roll out a new national litigation policy aimed at curbing legal expenses, particularly in cases where the government is effectively suing itself, according to officials familiar with the matter. The policy, still under development, will focus on disputes between government entities, such as public sector undertakings (PSUs), which have long been a financial burden on the administration.

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Google invited attendees to join the event, scheduled for 11:30 AM, promising to showcase "AI and technologies designed for India-scale impact."Attendees can expect updates on various Google products, including Android, AI tools, and Google Assistant. Several key speakers will be present, including Roma Datta Chobey, Managing Director of Google India, Snigdha Bhardwaj, Director of Search and Generative AI Trust Strategy, and Bikram Bedi, Vice President and Country Manager of Google Cloud India.

Subscribe to enjoy similar stories. Mumbai: The capital market regulator’s additional methods to assess credit risks in clearing corporations (CCs) will strengthen the equity derivatives segment in the long term but could increase costs in the near term, according to experts. The Securities and Exchange Board of India (Sebi) had first introduced new stress testing methodologies for determining credit exposure in CCs, including both hypothetical and historical scenarios to calculate potential losses when closing out client positions on October 16, 2023.

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Subscribe to enjoy similar stories. Google has offered to settle an anti-trust case after an investigation found the technology giant's agreements with smart TV makers violated provisions of India's competition law, two people aware of the development said, making it the first company to invoke the brand-new settlement route. The settlement scheme was introduced in India's competition law last year, and the Competition Commission of India (CCI) issued regulations on the same in March.

Subscribe to enjoy similar stories. Attractive assets typically command higher prices as investors prefer to hold them. However, the landscape of India’s initial public offerings (IPOs) is beginning to reflect a troubling divergence from this age-old wisdom.

Subscribe to enjoy similar stories. New Delhi: Zydus Wellness Limited, the parent company of brands such as Complan and Nycil talcum powder, has said it could invest up to ₹200 crore in new-age direct-to-consumer (D2C) brands as trends in the wellness space prompt it to explore new categories. In an interview with Mint, Tarun Arora, chief executive of Zydus Wellness, said the company could invest in both international and domestic markets.

Raghuram Rajan, former Reserve Bank of India (RBI) Governor, has cautioned against excluding food prices from inflation calculations. As inflation remains a key concern for the central bank, Rajan's stance is that removing food inflation from headline inflation targets could erode public's 'great faith' in the central bank's ability to manage the broader economic picture. «So, if you leave out some of the most important parts of inflation and tell them, inflation is under control, but food prices are going through the roof… they would not have great faith in the Reserve Bank,» Rajan told PTI in an inerview. Food prices have always played a significant role in shaping India's inflation picture. The current consumer price inflation (CPI) basket assigns a weight of 46% to food, a figure that many argue needs to be revisited as consumption patterns evolve. Nevertheless, Rajan maintains that food prices cannot be dismissed, as they constitute a significant portion of household spending and influence how the general public perceives inflation.

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Zoho CEO and Co-founder Sridhar Vembu has raised concerns about workplace stress in Indian corporate culture. In an interview with PTI, Vembu emphasized that companies pushing employees too hard will not be able to sustain in the long run. He advocated for a balanced work environment to build long-term, sustainable organizations. Workplace Burnout and Pressure Vembu highlighted key issues like burnout, loneliness from migration to big cities, and long commutes as factors contributing to an unhealthy work environment. «You are throwing people into a very big pressure cooker, and tragically, some break, and others are broken,» Vembu said. He stressed the need for organizations to rethink their approach to building a work culture that avoids pushing employees beyond their limits. Importance of Work-Life Balance The comments come at a time when India Inc. is engaged in an intense debate following the tragic death of a young employee at a prominent consultancy firm. Vembu’s stance on the matter reinforces the need for companies to prioritize the mental well-being of their employees, maintaining a balance that avoids burnout.

New Zealand government has increased visa fees across all categories, effective from October 1. As a result, Indians will face higher charges while applying for work, visit or study visas in the country. The New Zealand government had made the announcement in August. Immigration Minister Erica Stanford had said were made to create a more sustainable immigration system by shifting the financial burden from taxpayers to visa applicants. “We’re ensuring the system is self-funding and more efficient,” Stanford said. “The changes we’re making are shifting the cost to those benefiting from the system.” She added that this move is expected to reduce the need for public funding by over $563 million over the next four years.

Coal India Ltd is exploring options to monetise its four old washeries by leasing out those assets and plans to bundle lease contracts with long-term coal supply agreements. The move aims at optimising asset utilisation. «We are exploring the monetization of four old washeries,» Coal India Ltd (CIL) said in a report. The company which accounts for over 80 per cent of domestic coal output is diversifying its portfolio by setting up a non-coking coal washery at Ib Valley, Lakhanpur in Mahanadi Coalfields Ltd (MCL) — one of the subsidiaries of CIL.

Subscribe to enjoy similar stories. The Indian economy’s performance in August deteriorated from the month prior primarily as the consumer segment slipped into the red again, according to the Mint macro tracker. Weakness emerged in the producer economy and the external sector as well.

Subscribe to enjoy similar stories. India has been at the forefront of rolling out digital public infrastructure (DPI), with an objective of introducing a new way of governance to improve the delivery of public-service provisions.

Subscribe to enjoy similar stories. India last month extended countervailing duties of 12-30% on certain steel imports from China and Vietnam, following requests from local producers to safeguard against cheaper imports. While this stance against Chinese goods is notable, data indicates that overall imports from China are still on the rise, while exports to the country are faltering.

Subscribe to enjoy similar stories. In the sleepy village of Dawra in Solan district, often overlooked as the poorer cousin of Shimla in Himachal Pradesh, a new resort for the uber-rich opened earlier this year. This property, Amaya, spread over 20 acres, has just 15 villa rooms or chalets.

Subscribe to enjoy similar stories. A pioneer of India’s software industry asked me some time ago if this was the ‘Y2K moment’ for Indian electronics hardware. My answer was an emphatic ‘yes.’ It is all the more evident today.

maritime industry expert said on Wednesday. Modernisation and upgradation of Indian shipyards is in progress, while older dockyards are being assessed for reopening and adding more capacities for green shipbuilding given a strong pickup in global demand, said Cristina Saenz de Santa Maria, Regional Manager South East Asia, Pacific & India, Maritime at DNV, a Norway-based testing, certification and technical advisory services provider. «We see great potential in India emerging as a hub for green shipbuilding, driven by its government's strong focus on alternative fuels and renewable energy like biofuels and wind power,» said the industry veteran. The Indian government is encouraging investments and technology transfer from Japanese and Korean shipyards to establish shipbuilding and ship repair clusters in the country. This comes at a time when most traditional shipbuilding yards in Asia are fully booked while demand for green-maritime assets is surging ahead of the phase-based elimination of greenhouse gas emissions by 2050, as set by the International Maritime Organization (IMO).