India Financial News

Subscribe to enjoy similar stories. US President Joe Biden convened the leaders of Australia, India and Japan for a Quad summit in his hometown of Wilmington, Delaware.

Subscribe to enjoy similar stories. NEW DELHI : India is advancing its efforts to transform smaller towns into aviation hubs, with plans to establish 29 greenfield airports across underserved regions over the next two decades—a first of its kind on this scale. The Airports Authority of India (AAI) has completed feasibility studies for 10 such airports, aiming to link smaller towns with global air routes, two officials aware of the development told Mint.

Best recliner chairs for comfort and relaxation: Top 7 picks to relax in style and comfortThe Amazon Great Indian Festival Sale will be offering up to 50% off on a wide range of mattresses, making it the perfect time to upgrade your sleep setup. From memory foam to pocket-spring mattresses, you’ll find the ideal choice for enhanced comfort and support. Upgrade your sleep experience with premium brands that focus on quality and durability.

JHS Svendgaard Laboratories Ltd.(up 4.99%), Parag Milk Foods Ltd.(up 2.38%), Nakoda Group Of Industries Ltd.(up 2.33%), Hatsun Agro Products Ltd.(up 0.40%), Marico Ltd.(up 0.38%), LT Foods Ltd.(up 0.21%), Heritage Foods Ltd.(up 0.06%), Procter & Gamble Hygiene & Healthcare Ltd.(up 0.04%), Colgate-Palmolive(India)Ltd.(up 0.02%) and Tata Consumer Products Ltd.(up 0.01%) stood among the top gainers.

Anura Kumara Dissanayake, named Harini Amarasuriya, a college professor and first-time lawmaker, as the new prime minister of the Indian Ocean island nation on Tuesday, making her the third woman to be appointed to the post. Dissanayake, 55, a Marxist-leaning firebrand politician, who was elected president in the election held on Saturday, was also scheduled to pick the rest of his cabinet. An academic with a doctorate in social anthropology from the University of Edinburgh, Amarasuriya, 54, became a parliamentarian in 2020 under Dissanayake's NPP coalition and will also hold the portfolios of foreign affairs, education and media.

TraqCheck, an enterprise software startup, has raised an undisclosed amount in a funding round from Alok Oberoi, former head of Goldman Sachs’ international wealth management business; Aakash Anand, founder of Bellavita; and Caret Capital, an early-stage venture firm focused on startups in the mobility, distribution and employment sectors. The funds will be used for global expansion. ET had earlier reported that the startup aims to expand into global markets in the next two to four years. Founded in 2020 by Armaan Mehta, Jaibir Nihal Singh, and Rishabh Jain, the New Delhi-based company assists businesses in background verification using artificial intelligence.

Khaitan Chemicals & Fertilizers Ltd.(up 4.17%), Sikko Industries Ltd.(up 4.05%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 3.82%), Chambal Fertilisers & Chemicals Ltd.(up 1.97%), Rama Phosphates Ltd.(up 1.65%), Paradeep Phosphates Ltd.(up 1.03%), Agro Phos India Ltd.(up 0.61%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 0.59%), Aries Agro Ltd.(up 0.59%) and The Fertilisers and Chemicals Travancore Ltd.(up 0.15%) stood among the top gainers.

Supreme Court has sought responses from 11 states, including Andhra Pradesh and Jharkhand, on a plea alleging that they are yet to set up Right to Information (RTI) portals under the transparency law in pursuance of a 2023 judgment. In the landmark judgment, the top court had on March 20 last year directed all states, Union territories and high courts to set up RTI websites within three months, saying the online facilities would considerably facilitate the fulfilment of the objects of the Right to Information Act, 2005. On Monday, a bench comprising Chief Justice D Y Chandrachud and Justice J B Pardiwala took note of the submissions of a lawyer, representing petitioner Anuj Nakade, that as many as 11 states have not set up their RTI websites. «Counsel appearing on behalf of the petitioner states that the following states and Union territories have yet to comply with the judgment of this court dated 20 March 2023 requiring the setting up of online RTI portals: Andhra Pradesh, Jharkhand, Manipur, Nagaland, Sikkim, West Bengal, Andaman and Nicobar, Daman and Diu and Dadra and Nagar Haveli, Jammu and Kashmir, Lakshadweep and Arunachal Pradesh,» the bench noted in an order.

Tecno Pop 9 5G is priced starting at Rs. 8,499 for the base model, which includes 4GB of RAM and 64GB of internal storage.

Subscribe to enjoy similar stories. Shares of Amber Enterprises India Ltd hit a new lifetime high of ₹5,361 on Tuesday before ending the day 4% lower. The company is known for its contract manufacturing of consumer durable products, particularly air conditioners (AC).

Subscribe to enjoy similar stories. The month-old bar Bombay Daak in Mumbai champions the spectacular diversity of India’s drinking culture. Its menu is inspired by local dive bars, gymkhanas as well as drinking traditions in families across communities.

Subscribe to enjoy similar stories. Passive investing has garnered increasing attention alongside active strategies, especially as concerns about market dips loom, with the Nifty 50 climbing over 30% in the past year. In this scenario, passive investments, particularly index funds and ETFs, offer a reliable approach to managing risks, providing diversification, lower costs, and market-matching returns.

₹99,999 during the Flipkart Big Billion Days sale. There will also be an instant cashback of ₹5,000 and an exchange bonus of ₹5,000, bringing the effective price of the device to ₹89,999.Apart from the iPhone 15 Pro, there will also be offers on the iPhone 15 Pro Max, which will be listed at ₹1,19,900 and with the ₹5,000 bank discount and ₹5,000 exchange bonus, the effective price comes down to ₹1,09,999.For reference, the iPhone 15 Pro was originally launched in India at a price of ₹1,34,00 while the iPhone 15 Pro Max was launched at a whopping price of ₹1,59,900.However, Apple had discontinued these models after the launch of the iPhone 16 series earlier this month.

working-age population in India has witnessed an increasing trend since 1971 and is projected to reach 64.4 per cent in the soon-to-be exercised Census, as per a report by SBI Research. It will further increase to 65.2 per cent in 2031, the report asserted on Tuesday. The working age population, people in the age bracket of 15-59, rose from 55.4 per cent in 1991, to 56.9 per cent in 2001, 60.7 per cent in 2021.

Digital payments startup Cashfree Payments has appointed Nitin Pulyani as the head of product and a senior vice president in the company. Pulyani was with fintech startups like PhonePe and Jupiter in his previous roles. Prior to that he worked at companies like Ola, NeoGrowth, and TaxiForSure. He is an alumnus of the Indian School of Business and Institute of Technology (Banaras Hindu University), Varanasi. This appointment follows the recent hiring ofHarsh Gupta as Cashfree’s chief revenue officer.

Fabulous Lives of Bollywood Wives’ has regaled fans with glimpses behind the glitzy lives of the significant others of Bollywood’s biggest stars. On Tuesday, Netflix India announced the release date of the third season of the reality TV show. Along with several new faces from Delhi's elite society, the original cast—Maheep Kapoor, Neelam Kothari Soni, Seema Sajdeh, and Bhavana Pandey—will make a reappearance. Among them is jewellery designer Riddhima Kapoor, the sister of actor Ranbir Kapoor and the daughter of renowned actresses Neetu and late veteran actor Rishi Kapoor.

Fractal Analytics, a provider of artificial intelligence services, is considering filing for an initial public offering in Mumbai as soon as November to raise $500 million, according to people familiar with the matter. Fractal, known as India’s first AI unicorn, may seek a valuation of at least $3.5 billion in the share sale, the people said, asking not to be identified because the deliberations are private. The offering may include both new and existing shares, the people said, adding that a listing could take place as soon as the first quarter of 2025.

Coldplay and its arrival in India, at the moment. The British rock band is set to perform in India on three dates at the DY Patil Stadium in Mumbai and the demand for tickets has not been anything less than mind-boggling. The rush has been such to book tickets that BookMyShow's platform couldn't handle the traffic. The Coldplay fever, which has gripped the nation, has also led to a high demand for hotel rooms for the concert dates from January 18,19 and 21.

Motilal Oswal asserted in a report. Of those estimated Rs 40 trillion investment potential, Rs 34 trillion is expected in capital expenditure and the rest in optionality, with the generation, transmission, and smart metering accounting for an estimated 86 per cent, 10 per cent, and 4 per cent. The tailwinds driving this «mammoth» investment are power demand accelerating at a higher CAGR, upgrading or replacing old power infrastructure as the electricity mix undergoes a shift, and transitioning to cleaner energy sources.

para shuttlers who secured medals at the Paris Paralympics last month. Indian para shuttlers won five medals, including one gold, two silver and as many bronze, at the Paris Games. Nitesh Kumar, who clinched the coveted gold in the men's Singles SL3 category, will receive a prize of Rs 15 lakh, while silver medallists Suhas Yathiraj (men's singles SL4) and Thulasimathi Murugesan (women's singles SU5) will each be awarded Rs 10 lakh. Bronze-medal winners Manisha Ramadass (women's singles SU5) and Nithya Sre Sivan (women's single SH6 category) will each receive Rs 7.5 lakh.

FIIs lead sectoral churning in the market ahead of the beginning of the rate-cut cycle in India, private bank stocks have once again begun to outperform their high-flying PSU peers. In the last one month, the private bank index has risen 8% while PSU banks have lost 4.3% of their value. HDFC Bank and ICICI Bank led the turnaround in private banks with strong support coming from other heavyweights like Axis Bank, Kotak Mahindra Bank, Bandhan Bank and IndusInd Bank.