India Financial News

TAFE) is locked in a legal battle with US agricultural machinery manufacturer AGCO Corporation regarding the use of tractor brand Massey Ferguson in India. On Monday, NYSE-listed AGCO ‘terminated’ several agreements with TAFE, including the licence agreement of the Massey Ferguson brand in the Indian subcontinent despite a stay order from the Madras High Court, prompting the Indian company to file a contempt of court petition against the former. The latest development follows more than six decades of a commercial relationship between the two companies that has since turned sour.

Healthcare Providers (NABH) on Monday said around 100 hospitals across India have received digital health accreditation, which was developed to assess the digital maturity of Indian hospitals. A total of 300 hospitals have so far applied for the digital accreditation, implying a good response from the hospitals. “This initiative will streamline healthcare operations, ensuring that hospitals adhere to standardised, high-quality processes,” said Rizwan Koita, chairperson of NABH, speaking on the sidelines of CII Hospital Tech 2024 summit.

Hampshire is set to become the first English county cricket club to be owned by an overseas franchise after entering into a “phased acquisition” with the part-owner of Indian Premier League team Delhi Capitals

An investigation focused on three of the world’s largest shrimp producers claims that as big Western supermarkets make windfall profits, their aggressive pursuit of ever-lower wholesale prices is causing misery for people on the bottom end of the suppl...

Rajesh Kumar made headlines a few days ago when he revealed how he had left his flourishing career on the small screen to pursue a career in farming. The ‘Sarabhai Vs Sarabhai’ actor also stated how he once resorted to selling vegetables in front of his son’s school. In the same interview, Kumar talked about his several failed attempts as an entrepreneur. He also revealed that he had once tried to be on ‘Shark Tank India’, but couldn’t make it. “I had applied for Shark Tank India. I had cleared two out of three rounds. You also had to submit your videos, so I thought, I might get a favour because I am a known face. That there is an actor, who is a social entrepreneur talking about agriculture. My presentation was in Kolkata and it was wrapped within a day. My father paid for the tickets,” he said. The actor claimed that at that time, he was «so shaken» that he didn't think he could get offers for movies without going to auditions. Fortunately, when the opportunity to work on Nawazuddin Siddiqui's movie ‘Haddi’ arose, he was ready for it.

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Shibasish Sarkar has been unanimously re-elected as the president of the Producers Guild of India (PGI) for the third consecutive term at its 69th Annual General Meeting (AGM) held in Mumbai on September 27, 2024. The AGM also witnessed the re-election of Manish Goswami and Madhu Bhojwani as Vice Presidents, while Ashim Samanta and Fazila Allana were re-elected as Treasurers. Additionally, Aashish Singh, Dipti Kotak, and Ankur Garg were elected as Vice Presidents, fortifying the leadership team.

"Prime Minister Narendra Modi and President Joe Biden set an ambitious goal to improve and expedite the visa process and I am proud to say that we have delivered on that promise. Our consular teams at the embassy and four consulates work tirelessly to ensure that we meet the surging demand," said US Ambassador to India Eric Garcetti. More than 1.2 million Indians have travelled to the United States in 2024, a 35 per cent increase over the same period in 2023. 

current account deficit widened marginally to 1.1 percent of GDP in the June quarter compared to 1 percent of GDP in the same period a year ago due to widening trade deficit according to the figures released by the Reserve Bank of India. Overall balance of payments ended in a lower surplus of $5.2 billion compared to $24 billion in the previous comparable quarter as capital flows slowed during the quarter. Current account which record the country's imports and exports of goods and services ended in a deficit of $ 9.7 billion or 1.1 per cent of GDP for the quarter ended June 2024-25 compared to $ 8.9 billion or1.0 percent of GDP in June 2023 quarter and against a surplus of $ 4.6 billion or 0.5 per cent of GDP in the March 2024 quarter.

Subscribe to enjoy similar stories. Sonipat/Hisar/Sirsa: As night falls in Kulana village in Haryana’s Hisar district, a motley crowd of farmers and day-wage earners gathers to exchange views on the issues of the day. “Today, no one goes to sleep hungry.

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Apple's website, the announcement teased, "Our festive offer lights up on October 3. Save the date." While specific discounts have not yet been disclosed, the company has highlighted several attractive offers and benefits:Although the exact discounts across categories remain unconfirmed, Apple is likely to roll out deals on its popular products, including the iPhone, MacBook, and Apple Watch, during the sale period.Meanwhile, Amazon's Great Indian Festival Sale 2024 is now live, and one of the standout deals is on the iPhone 13, available for around ₹40,000.

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Subscribe to enjoy similar stories. MUMBAI : At a recent informal investor meet-up in Bengaluru, half of the 20-odd participants said they had received calls to buy Swiggy shares ahead of its initial public offering (IPO). The Mint writer's tweet on the subject, asking for comments, elicited hundreds of responses.

critical minerals this week, two Indian government sources said, as the two countries try to bolster trade ties despite diplomatic hiccups. They are expected to sign an agreement to partner and cooperate in the area of critical minerals during Indian trade minister Piyush Goyal's visit to Washington, the sources said. Goyal is scheduled to be in the U.S. this week to discuss ways to deepen overall bilateral trade ties, according to one of the sources, weeks before the White House's preparation for a leadership change following the presidential election later this year.

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The Orissa Minerals Development Company Ltd.(up 5.90%), NMDC Ltd.(up 4.14%), Lexus Granito(India)Ltd.(up 2.05%), MOIL Ltd.(up 2.03%), KIOCL Ltd.(up 1.91%), 20 Microns Ltd.(up 1.05%) and Sandur Manganese & Iron Ores Ltd.(up 0.68%) stood among the top gainers.

Indian Oil Corporation (IOC) on Monday announced that it has withdrawn its Rs 22,000 crore rights issue as the government will not participate owing to the non-allocation of funds to the oil marketing companies (OMCs) in the Budget 2024-25. “This is in continuation of our earlier intimation dated 07.07.2023 wherein it was informed that the Board has accorded approval for raising of capital by way of issue of equity shares on right basis up to an amount not exceeding Rs 22,000 crore (Rupees Twenty-Two Thousand crore only), subject to receipt of necessary statutory approvals,” said IoC’s filing to the stock exchanges.

S P Oswal, chairperson of the Vardhman Group and a Padma Bhushan awardee, fell victim to a cyber fraud scheme that cost him ₹7 crore. The Ludhiana Police reported that two suspects from Assam and Bengal were arrested after the incident, and ₹5.2 crore was recovered from them. This case marks one of the largest seizures in India's cybercrime history.

Tata Electronics plant in southern India that makes Apple iPhone components after a fire at the weekend, officials said on Monday as they acted to prevent further damage from the blaze. «We have stationed fire engines at the plant as there are chances of a follow-up fire incident or smoke coming off when the sheds that had fallen during the accident are removed,» M. Velu, a district fire officer, told Reuters by telephone. «We have not yet ascertained the cause of the fire.»