India Financial News

Nirmala Sitharaman has called for stress management lessons to be imparted by colleges and universities that will help increase the students' inner strength, comments made in apparent reference to the death of a young CA professional employed with EY that came under sharp criticism from opposition Congress which described her remarks «outright cruel.» Anna Sebastian Perayil, who passed her Chartered Accountancy exams in 2023 and worked at EY Pune office for four months, died in July. According to a letter her mother wrote to the EY India Chairman Rjiv Memani, Perayil was overworked with a «backbreaking» load as a new employee that affected her «physically, emotionally, and mentally». The government too has stepped in to say that it will investigate the work environment at Big Four accounting firm EY.

Coldplay returning to India after a gap of nine years has taken the fandom by storm. While diehard fans of the rock icons are scrambling to lay their hands on the exorbitantly priced tickets, the Coldplay fandom was left devastated when several tickets resurfaced on reselling websites. Earlier, millions of fans had visited the BookMyShow website and app for three shows at the DY Patil Stadium in Mumbai for a chance at one of the 1.5 lakh seats. However, reseller websites prospered as tickets became scarce and grievances flooded social media. Since then, ticket prices have increased by 10 to 20 times on platforms like Viagogo, and many others have taken to social media to sell «extra» tickets they had already bought. This happened when millions of people were presumably waiting in line for Coldplay's announcement of a third gig in response to the ‘phenomenal’ demand.

Rajnath Singh on Sunday said that Pakistan has asked the International Monetary Fund (IMF) for a seven-billion-dollar bailout package, and Prime Minister Narendra Modi has given more than this for the PF package for J&K. «Pakistan is requesting the IMF for a USD 7 billion bailout package. They could have asked India. PM Modi has given more than this in the PF package for J&K. They are in this condition because they domesticated snakes,» said Rajnath Singh while addressing a public rally in Jammu. «We have done whatever we promised in the BJP election manifesto. We spoke about the abrogation of Article 370, and we did it as soon as we got the majority in centre. I feel pained by what Omar Abudullah said and did. He said that he won't fight in elections till the J&K restores statehood, but now he is fighting from two constituencies. Parties like the PDP, NC, and Congress claim that they will give statehood to J&K. How will they? They do not have government in the centre. Without that, it is not possible. Politics should not be done to win in elections. It must be done to build a country,» Rajnath Singh said slamming J&K opposition parties.

Modi on Sunday said that the Indian diaspora in the US is the strongest brand ambassadors of the country, terming them 'Rashtra Dhoot'. He said that the Indian diaspora has connected India with America and vice versa. «Your skills, talent, commitment has no competition,» said Modi.

India on Sunday scripted history as it clinched it's maiden gold medal in the 45th Chess Olympiad after D Gukesh, Arjun Erigaisi and R Praggnanadhaa won their respective matches against Slovenia in the 11th and final round match here. World Championship challenger Gukesh and Arjun Erigaise yet again delivered in key games to help India secure its first title in the open category. Up against Slovenia, Gukesh was at his very best in the technical phase of the game as black against Vladimir Fedoseev. Though it was a laboured victory, the 18-year-old Grandmaster was spot on with his tremendous strategic display.

elections in Jammu and Kashmir are pivotal not just for the security and stability of the region, but for the stability of India as a whole. The BJP president also emphasized that Prime Minister Narendra Modi-led government has transformed India's political landscape by rooting out corruption and delivering pro-people governance. «This is not just an election for the BJP or any other party. It is an election for the stability of Jammu and Kashmir and to make India strong. It is not the election to make an MLA. It is not an election to give blessing to J&K. It is to bring Jammu and Kashmir mainstream of development. It will give Jammu and Kashmir stability,» Nadda told a road-show rally in Jammu city this evening.

Subscribe to enjoy similar stories. Mumbai: Known as the ‘Dean of Valuation’, Aswath Damodaran, professor of finance at the Stern School of Business at New York University, is out with a new book, The Corporate Life Cycle. Companies have a life cycle very much like humans—they are born, witness growth spurts, mature and then inevitably decline.

Commerce and Industry Minister Piyush Goyal will meet Indian and Australian CEOs this week to discuss investment opportunities, an official statement said on Sunday. At the invitation of Don Farrell, the Minister of Trade and Tourism of Australia, Goyal will undertake a visit to Australia from September 23-25. The minister will co-chair the 19th India-Australia Joint Ministerial Commission meeting to be held in Adelaide on September 25, during which both sides will discuss ways to further elevate the bilateral economic engagement. «Commerce minister will interact with leading Australian and Indian CEOs and industry leaders and representatives from Australian pension funds to highlight the vast opportunities for investment in India,» the commerce ministry said.

Adani Airport Holdings Ltd (AAHL) said on Sunday that passengers across some airports in the country are facing disruptions in lounge access due to DreamFolks Services Ltd suspending its services. DreamFolks, the lounge access provider, acknowledged the disruption but said it is not related to any contractual issues and that they are working to resolve the problem quickly. AAHL, which runs seven airports in India—Mumbai, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram, and Mangaluru—said the problem is affecting services at four of these airports.

Piyush Goyal on Sunday said there are plans to open offices in different countries in the coming months to hand-hold foreign investors looking at opportunities to invest in India. The first such office of Invest India — the national agency to promote investments into the country — was inaugurated by the minister in Singapore. It will act as a dedicated point of contact for companies from the region looking to invest here. This move reinforces India's commitment to deepening investment partnerships and making it easier for global investors to engage with India.

Saankhya Labs and an IIT, Kanpur-incubated startup to design and roll out value-for-money mobile phones with augmented direct-to-mobile (D2M) broadcast capability. US-based Sinclair Inc., Saankhya Labs and Free Stream Technologies Private Limited, a startup incubated in the IIT-Kanpur, are commencing consumer trials for multi-media delivery and datacasting-use cases. Consumer trials will be conducted on a variety of D2M devices comprising smartphones, USB dongle accessories, set top boxes and gateways and also, low-cost feature phones, a statement from the Bengaluru-based Saankhya Labs said.

Economic Framework for Prosperity (IPEF) negotiations have mostly been conducted in secrecy with limited public input and it raises concerns whether the member countries, including India, were able to protect their key interests, think tank Global Trade Research Initiative (GTRI) said Sunday. It cautioned that the commitments related to the effective administration of tax policy might curtail the ability to raise tax revenue. It said in the supply chain pillar, a major issue is whether the agreement might restrict members from trading critical materials, particularly with China as this could pose challenges for Association of SouthEast Asian Nations (Asean) countries, whose largest trading partner is China. “It is hoped that India has negotiated enough flexibility to avoid strict clauses, such as the not to use export restrictions. These are critical during emergencies, as no country can be expected to supply essential goods when facing its own crisis,” GTRI Founder Ajay Srivastava said.

bathing sheds for women have been created by a BSF battalion deployed in this frontier area of West Bengal to guard the India-Bangaldesh international boundary. The facilities were created following the Union home ministry's directive to the border forces to engage with the local population, with Home Minister Amit Shah saying these remote locations on the front are not the last but the first villages of the country, and organisations like the Border Security Force (BSF) should take all measures for the betterment of the lives of the citizens residing in these security-sensitive areas, a senior officer told PTI. The 32nd battalion of the BSF has created the open-air gyms near its border outposts of Gede, Kadipur and Tungi in West Bengal's Nadia district. Equipment like parallel bars, waist stretchers, chest press, fun rider, lateral pull down, sit-up trainer, two-sided rotator and «tai chi spinner» have been installed in these gyms, the officer said.

India, were able to protect their key interests, think tank GTRI said on Sunday. The 14-member IPEF bloc was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23, 2022, in Tokyo. Together, they account for 40 per cent of the world's economic output and 28 per cent of trade. The framework is structured around four pillars relating to trade, supply chains, clean economy and fair economy. India has joined all the pillars except the trade. Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the US, and Vietnam are members of the bloc.

arbitral award that a consortium led by ONGC won against the Italian energy multinational ENI Group in 2021. Justice Prateek Jalan passed the stay order after the ENI group deposited over Rs 296 crore in the HC, which also gave liberty to the ONGC to initiate appropriate proceedings with regard to the money lying in the international bank account of the group. However, the HC allowed the Italian energy group to file its objections to the execution petition moved by the ONGC. According to ONGC, the foreign energy company is liable to pay USD 31,577,805 in terms of the award.

Kushal Kumar, who is often referred to as ‘Indian Nostradamus’, recently shared his insight on the political showdown between Donald Trump and Kamala Harris, who are the two top candidates for the upcoming US Presidential elections. While the astrologer acknowledged that Harris had more goodwill, he went on to explain that there can be no definite conclusions drawn on who will become the next president without a thorough look at their birth chart. However, he hinted that the winner will have the attributes more commonly attributed to Harris. “As regards the person who appears to have a greater chance to be the US President in the 2024 Presidential elections, a detailed analysis of birth charts of the candidates who may finally emerge contesting, would be called for. However, the planetary suggestion can be read to say that the person has a high-level lawyer-like or a sound economist-like mindset, a gifted argument maker while taking struggle head-on suits him,” he wrote on Medium. Opinions shared by a significant portion of American viewers following the debate, as reflected in various news reports, seem to align with the writer's earlier predictions regarding Vice President Kamala Harris. These observations suggest that her characteristics may position her as a potential contender to lead the country in the upcoming November 2024 U.S. Presidential election.

President Biden received an antique silver hand-engraved train model with 'Delhi-Delaware' inscribed on the sides of the main carriage. First Lady Jill Biden was gifted a Pashmina Shawl in an intricately designed Papier Mache Box. Why did Modi gift a train to Biden? Notably, the vintage silver hand-engraved train model is a rare and extraordinary piece and masterfully crafted by artisans from Maharashtra — renowned for its rich heritage in silver craftsmanship. Made of 92.5 per cent silver, the model showcases the pinnacle of Indian metalworking artistry, with elaborate details achieved through traditional techniques such as engraving, repousse (hammering from the reverse to create raised designs), and intricate filigree work.

Deloitte South Asia CEO Romal Shetty has said. Shetty, who is the youngest chief executive of a Big Four accounting and consultancy firm in India, said inflation is reasonably under control, there has been a pick-up in rural demand and vehicle sales are improving. «We believe that we would be in the 7-7.1 per cent range in terms of the growth (this fiscal year). You have got the headwinds, the tailwinds… But the fact is, still India is in a better position, in spite of whatever is happening globally but we can't say we're decoupled from the world,» he said, adding that the geopolitical crisis in the Middle East and Ukraine and the slowdown in the western world will impact GDP growth. According to Deloitte projections, growth is likely to be 6.7 per cent in the next fiscal year (2025-26). The Indian economy grew 8.2 per cent in the previous fiscal year — 2023-24.

Subscribe to enjoy similar stories. Hark back to the heady mid-1990s. Jim Wolfensohn, a former Olympic fencer turned banker and cellist was US President Bill Clinton’s pick as World Bank president.

Subscribe to enjoy similar stories. Mixologists in India have been in a hyper-experimental mode for a while. If it was techniques and indigenous botanicals that they played with earlier, they are now choosing to experiment boldly with unusual, seemingly unpalatable, ingredients.

Alphabet and Google CEO Sundar Pichai has announced a $120 million 'Global AI Opportunity Fund' at the UN Summit of the Future in the US. Pichai said that the initiative will invest «one hundred and twenty million dollars to make AI education and training available in communities around the world. We're providing this in local languages, in partnership with nonprofits and NGOs». Leaders from around the world have gathered for the 79th United Nations General Assembly (UNGA) in New York — including the first ever «Summit of the Future».