India Financial News

30.09 / 10:07
markets country voice reports travelers Schools Destinations 93 per cent of Gen Alpha, Gen Z shape family travel plans in India, says report
Family travel in India is increasingly guided by the preferences of Gen Alpha and Gen Z, revealed a new survey that found an overwhelming 93 per cent of young travellers are now actively contributing to their family's vacation planning. The findings, part of «Small Voices, Big Choices: Hilton 2025 Trends Report», suggest a significant shift in family travel planning with India's youngest generation taking the charge and shaping the future of the travel industry. «A striking 93 per cent of Generation Alpha and Generation Z in India actively shape family travel plans, now positioning them as key decision-makers in the travel process,» reads the report, adding that 76 per cent of Indian parents (compared to 70 per cent globally) choose vacation destinations based on their children's interests. Generation Alpha, aged 14 and younger, accounts for a quarter of India's population, while Generation Z, born between 1997 and 2012, represents 30 per cent.
30.09 / 10:07
markets COST security Analysis Research trends Trade Trading in F&O could be a negative-sum game despite profits. Here's why
The cost of trading Futures & Options (F&O) involves brokerage fees which account for 51% of the transaction costs, then exchanges take 20% and the government collects the remaining 29% as taxes, a Capitalmind Financial Services note said, informing that approximately 1 crore individual traders have contributed around Rs 50,000 crores in transaction costs over the past three years.
30.09 / 09:29
markets UPS Target Action economy Trade International India should double down on climate action for sustainable economic growth
Subscribe to enjoy similar stories. As I leave from New York after a week full of conversations and action points around climate change, I feel a deep sense of urgency. For the first time, global warming has exceeded 1.5° Celsius—not just for a week or month, but for an entire year! And 22 July 2024 went down in history as the hottest day since humans started recording temperatures 175 years ago.
30.09 / 09:29
IPO Digital Booking Google Platform Food reports Peak XV, Google, Hillhouse eye part exits as CarDekho plans IPO
Subscribe to enjoy similar stories. Bengaluru: CarDekho’s early investors including Peak XV, Google Capital and Hillhouse Capital are expected to sell part of their stakes in the automobile marketplace as the company initiates conversations with merchant bankers for an initial public offering next year. CarDekho, which is expected to file its IPO papers in March, may see other early investors also book a profit from its public share offering, two people with direct knowledge of the matter told Mint.
30.09 / 09:13
markets UPS economy Sustainability wellness trends Trade Vinay Paharia sees high growth opportunities in 4 sectors for now
Vinay Paharia, CIO, PGIM India MF, says some of the sectors with many of these high growth companies include the healthcare sector, consumer discretionary sector, some companies within the financial services, particularly the private sector banks, and high growth NBFCs. Wherever we are seeing companies with the ability to grow on a sustainable basis at a higher rates of growth, those companies would materially outperform.
30.09 / 09:13
markets Manufacturing Trade country electronic Schools Black Diwali for China? Modi's exhortation and India-China trade
Narendra Modi has appealed to the people to use ‘Made in India’ products during the ongoing festive season. Starting with Ganesh Chaturthi, the festive season will last nearly two months and include Navratri, Dussehra, Diwali and Chhath. This is the time when cheap Made-in-China goods flood Indian market. PM Modi has asked people to buy not just earthen lamps. «Merely buying earthen lamps is not ‘Vocal for Local'. You should promote local products made in your area more and more. Any such product, that has been made with the sweat of an Indian artisan, that is made on Indian soil, is our pride –– we always have to lend glory to this pride,” he said.
30.09 / 09:13
markets RAI Justice information Schools Courts 'What is yeah yeah': Chief Justice DY Chandrachud reprimands lawyer for informal language in court
DY Chandrachud admonished a lawyer for using the informal term «yeah» while addressing the bench in a court session. The Chief Justice emphasized that such casual language is inappropriate in a courtroom setting. The incident occurred when the lawyer mentioned a 2018 petition in which former Chief Justice of India Ranjan Gogoi was named as a respondent. Chief Justice Chandrachud questioned the validity of filing a Public Interest Litigation (PIL) against a judge. The lawyer responded, «Yeah, yeah, the then CJI Ranjan Gogoi… I was asked to file a curative...» However, he was interrupted by the Chief Justice, who said, «This is not a coffee shop! What is this yeah yeah. I am very allergic to this yeah yeah. This cannot be allowed.»
30.09 / 09:13
markets UPS Target FIVE Healthcare Schools IT firm UST to add over 3,000 jobs in Kochi centre
UST said on Monday that it is expanding its presence in India by adding over 3,000 new jobs at its upcoming Kochi campus in the next five years. The IT firm has set its target to have 6,000 employees, up from the current level of 2,800 in the next five years at its Kochi centre. The firm will inaugurate its second own campus in Kochi by December 2027, the company said in a statement. The company laid the foundation stone for the new Kochi campus that is coming up in a 9-acre land at Infopark Kochi Phase 2 and the new UST campus will be completed in three years. “When the Kochi campus goes on stream, it will become the second owned campus in India for UST after Thiruvananthapuram”, added the firm. While UST’s Trivandrum centre has about 7500 employees and is the largest centre globally, UST Bengaluru has over 6,500 employees. Across India, the IT firm has more than 20,000 employees.
30.09 / 08:09
markets Citi show performer reports Schools Inventory overhang in Indian real estate at record low due to robust sale
inventory overhang (the estimated time required to sell off unsold stock based on sales velocity) has dropped to 22 months in the June quarter, down from 34 months in the corresponding quarter last year. According to PropTiger.com report, NCR's Gurugram witnessed a substantial decline in inventory overhang from 72 months in Q2 2023 to 31 months in Q2 2024. Ahmedabad also showed strong performance, reducing its inventory overhang from 33 months to 18 months during the same period, reflecting the healthy demand dynamics in these markets. Regarding unsold inventory, the report said that despite a moderation in supply and absorption rates, India’s residential real estate market displayed resilience, achieving a 2% year-on-year decline, bringing the total to over 9.26 lakh units as of June 30.
30.09 / 08:09
markets security Death show reports peace Jammu and Kashmir voter turnout improves after terror attacks drop to 23 in 2024, from 222 in 2014
According to a Times of India report, terror-related incidents have dropped to one-tenth of the levels seen a decade ago. This year's assembly elections, the first since the nullification of Article 370 and J&K's reorganisation into a Union Territory in 2019, have witnessed peaceful polling in several areas of Kashmir, an official confirmed. While the Kashmir Valley recorded positive voter participation, turnout percentages in most of Jammu division, where voting has concluded, have dipped compared to 2014. According to officials, the decline could be linked to the recent surge in terror activities in the region. As of September 27, 15 terror-related attacks and encounters had resulted in the deaths of 11 civilians and 17 security personnel in Jammu.
30.09 / 07:17
Provident Mobile Analysis Photos performer Features Videos Amazon Great Indian Festival 2024 LIVE Now - Top Deals on Mobile Phones under 20000
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30.09 / 07:17
markets UPS track information reports Schools Uttar Pradesh teen arrested for placing cement pillar on railway track in Raivara
cement pillar on the railway track of the Jhansi-Prayagraj route, officials said. The incident was reported after a loco pilot of the passenger train 11801, en route from Jhansi to Prayagraj, noticed the obstruction near Raivara village. The pilot promptly applied emergency brakes and informed the control room. The railway personnel, including Government Railway Police (GRP), Railway Protection Force (RPF), and local police, arrived at the site and removed the cement pillar. The boy, who was grazing animals nearby, was detained and questioned by the police. During the interrogation, he admitted to placing the pillar on the track as a prank. Kabrai police registered a case based on the complaint filed by Rail Path Inspector Rajesh Kumar. «A case has been registered against the teenager under section 327 of the Bharatiya Nyaya Sanhita for mischief with intent to endanger safety, and under section 150 of the Railways Act for attempted wrecking of a train,» Additional Superintendent of Police (ASP) Vandana Singh told Times of India.
30.09 / 07:17
markets Celebrity Olympics stars Schools Sporting Nita Ambani celebrates birthdays of athletes Deepa Malik & Sarabjot Singh with star-studded party
Nita Ambani threw a grand birthday party for para-athlete Deepa Malik at Antila. The sports icon turned 54 on Monday. The Reliance Foundation organized an extravagant occasion known as United in Triumph to celebrate the achievements of Olympians and Paralympians who represented India this year. During the gathering on Sunday evening, the Ambanis brought birthday cakes for Malik and celebrated ace shooter Sarabjot Singh, who earned a bronze medal alongside Manu Bhaker at the Paris 2024 Olympics. Singh also turned 31. Bollywood star Ranveer Singh and singer B Praak wowed the birthday girls with a lively rendition of the birthday song ‘Baar Baar din yeh aye’ for the birthday girls. Later, Malik shared some snapshots from her memorable day. «Couldn't have dreamt of a bigger celebration of my birthday. Nita Ambani mam, at Ambani home Antilia, got the cake cutting done right at the midnight hour with B Praak and Ranveer Singh singing happy birthday along with Paris 2024 Olympians and Paralympians.» she wrote on Instagram.
30.09 / 05:15
UPS Provident Platform Software trends country testing AI and globalisation are shaking up software developers’ world
Subscribe to enjoy similar stories. Two big shifts are under way in the world of software development. Since the launch of ChatGPT in 2022, bosses have been falling over themselves to try to find ways to Github, a popular platform for storing and sharing code, living in poorer countries surpassed those from the rich world.
30.09 / 05:15
Maxim security Pool wellness country prevention Asset reconstruction companies ought to focus on reviving distressed businesses
Subscribe to enjoy similar stories. Asset reconstruction companies (ARCs) in India have long been perceived as vehicles solely for the recovery of bad loans, with limited scope beyond securing delinquent assets. Instead of just being agents that buy non-performing loans from lenders for recovery, ARCs should evolve to their full potential into entities that not only recover assets, but also rehabilitate and turn around distressed businesses.
30.09 / 05:07
markets Provident Assurant Trade International Uzbekistan keen to join INSTC for full implementation of BIT with India
Uzbekistan & Turkmenistan express interest to join International North South Transport Corridor (INSTC) to trade with India as the viable route to the Indian Ocean Region ahead of the BRICS Summit in Kazan that would among other matters lay emphasis on inclusive connectivity corridors. Uzbekistan in particular is keen to harness the full potential of INSTC as well as the Chabahar Port in the backdrop of the Bilateral Investment Treaty (BIT) signed in Tashkent on Friday during the visit of Finance Minister Nirmala Sitharaman. Uzbekistan has sent its first cargo to India via INSTC recently. “The BIT between India and Uzbekistan assures appropriate protection to Uzbekistan investors in India and Indian investors in Uzbekistan, in light of relevant international precedents and practices. It will increase the comfort level and boost the confidence of investors by assuring a minimum standard of treatment and non-discrimination, while providing for an independent forum for dispute settlement through arbitration,” according to a statement issued by the Indian government.
30.09 / 05:07
markets Analysis Food Research Trade AGRO Updates Stock market update: FMCG stocks mixed as market falls
LT Foods Ltd.(up 2.23%), Colgate-Palmolive(India)Ltd.(up 2.14%), Future Consumer Ltd.(up 1.73%), Heritage Foods Ltd.(up 1.33%), Hatsun Agro Products Ltd.(up 1.13%), Marico Ltd.(up 1.05%), Nakoda Group Of Industries Ltd.(up 0.98%), Britannia Industries Ltd.(up 0.85%), Procter & Gamble Hygiene & Healthcare Ltd.(up 0.79%) and Tata Consumer Products Ltd.(up 0.74%) were among the top gainers.
30.09 / 05:07
markets Boxing film Actor performer social International Devara makes Indian cinema 'proud' as Jr NTR-starrer is world's 2nd highest grossing film this weekend
Devara has secured the second spot among the highest-grossing films worldwide over the weekend. The film grossed an impressive $32.93 millionin its opening weekend globally, making it a standout performer on the international stage, beating Hollywood releases like Beetlejuice Beetlejuice, which earned $29 million, and Transformers One, which collected $25 million. Devara ranks just behind The Wild Robot, which dominated the global box office with $44 million over the same weekend. Telugu cinema superstar Jr. NTR's latest release Devara: Part 1 has stormed the box office, earning a whopping $5.12 million in its opening weekend in North America. The film's impressive performance has catapulted it into the top five at the North American box office, a feat celebrated by the film’s producers on social media. Fans of Jr. NTR expressed their excitement and pride on social media, with one fan sharing, “Proud moment for the Telugu audience.” The film also stars Bollywood actors Janhvi Kapoor and Saif Ali Khan, both of whom make their Telugu cinema debut in Devara. Directed by Koratala Siva, the action-packed film is set in the forgotten coastal lands of India, and its intense storyline has drawn praise from both audiences and critics alike.
30.09 / 04:15
markets Target FIVE Manufacturing security Align performer India’s drone market is soaring. Are these five stocks ready for lift-off?
Subscribe to enjoy similar stories. India is on the brink of a technological revolution, fuelled by its rapidly growing drone industry. Recent global conflicts, from Israel-Hamas to Russia-Ukraine, have demonstrated the growing importance of drones in modern warfare.
30.09 / 04:13
markets Citi Provident Digital Aware Metro country Bank deposits and mutual funds: cogs of the same wheel
There is a view that in the growing pie of savings and investments, banks are losing out to mutual funds. That may be happening in the margins as India’s equity market has been on a bull run. But let us look at the big picture.
30.09 / 03:23
UPS Action Xiaomi Motorola Features Lava Agni 3 India launch on October 4: Processor, display, camera details and everything expected
Lava Agni 3, the phone can be seen with curved edges on the back and a rectangular camera island. Rumours suggest that the phone could come with a customisable button similar to the 'Action Button' on the iPhone 16 series. Furthermore, the Agni 3 could come with a display on the back, similar to what we saw on the Xiaomi 11 Ultra in the past.

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