India Financial News

20.09 / 08:11
markets Aviat Airlines security Justice information Courts SpiceJet gets weekend task from SC to stop losing three engines to lessors
SpiceJet to negotiate with the lessors on the weekend and refused to interfere with the previous HC order that asked the airline to ground three engines and return them to its lessors — Team France 01 SAS and Sunbird France 02 SAS — in 15 days for non-payment of lease rentals. The Chief Justice of India told the airline, «If you don't comply, then you have to return the engines.» During the hearing, SpiceJet informed the Supreme Court that it was already in talks to make payments and was «ready to pay even today.»
20.09 / 08:11
Dreams film Instagram actress stars Features Headlines Samantha to headline ‘Tumbbad’ director’s next, along with Ali Fazal
Samantha Ruth Prabhu will soon be seen in an exciting new OTT series. Titled ‘Rakht Brahmand’, the series has been created by Indian filmmaker duo Raj & DK (best known for ‘Stree’ and ‘A Family Man'), and will be helmed by none other than ‘Tumbbad’ director Rahi Anil Barve. Taking to Instagram, the ‘Yeh Maaya Chesave’ actress shared a post of her ID card and a coffee cup from the sets of ‘Rakht Brahmand’ and wrote, “«Never stop dreaming. Glad to be back on a film set after a while... #RaktBrahmand @d2r_films @netflix_in.» The black ID card featured a bloody golden crown. Soon after she shared the post, actress Disha Patani reacted, «All the best.» Filmmaker Neerajaa Kona wrote, «Never ever stop … kill it, papa, like always.» 'Rakt Brahmand – The Bloody Kingdom' is set to be an action-packed fantasy series featuring Aditya Roy Kapur and Samantha Ruth Prabhu in the lead roles. It also stars Wamiqa Gabbi and Ali Fazal. After being diagnosed with an autoimmune disease, myositis, in 2022, Samantha took a hiatus from the industry. Now, she is back. Her upcoming releases include the action OTT series 'Citadel: Honey Bunny', co-starring Varun Dhawan, set to release on November 7, and the Telugu movie 'Bangaram'.
20.09 / 08:11
markets Progressive Myanmar Trade RAI country Piyush Goyal to review India, ASEAN trade pact review talks progress in Laos
Free Trade Agreement in goods will figure during the visit of Commerce and Industry Minister Piyush Goyal to Laos, an official statement said on Friday. The two-day visit of Goyal to Vientiane, Laos, started from Friday. He is there to participate in the 21st ASEAN-India Economic Ministers (AEM-India) meeting and the 12th East Asia Summit Economic Ministers Meeting (EAS EMM). These annual meetings of ASEAN (Association of South East Asian Nations) with their dialogue partners are being hosted by Laos, the ASEAN Chair for this year.
20.09 / 08:11
markets Death students RAI Justice prevention Courts Coaching centre deaths: SC asks Centre-appointed panel to submit interim measures in 4 weeks
Supreme Court on Friday directed a Union government-appointed high-level committee probing the death of three IAS aspirants in a coaching centre here in July due to flooding in the building's basement to submit interim measures in four weeks to prevent such incidents. A bench of Justices Surya Kant and Ujjal Bhuyan directed the Haryana, Uttar Pradesh and Delhi governments to apprise the court of policy, legislative and administrative changes made to prevent a repeat of such incidents. It said uniform initiatives should be taken in the entire National Capital Region to prevent another Old Rajendra Nagar-type incident from happening. «If the need arises, we will pass directions for pan-India to prevent Old Rajendra Nagar-type incidents,» the bench observed.
20.09 / 07:51
markets UPS Extreme PINK beautiful innovations Is the hype real on transfer-proof lip glosses?
Subscribe to enjoy similar stories. Lip glosses are one of the most glamorous products to come out of a beauty factory. But they aren’t for people with long hair.
20.09 / 07:51
markets COST IPO FIVE Experts track rights Investors are excited about NTPC Green’s IPO, but experts advise caution
Subscribe to enjoy similar stories. The Street is excited about NTPC Green Energy’s recent announcement of an initial public offering (IPO), but industry experts said a better track record on executing projects would have offered investors more comfort. The equity fund manager of a large mutual fund house, who did not wish to be named, told Mint, “Right now, NTPC Green is this large public entity which plans to have 60GW of renewable energy capacity by FY32.
20.09 / 07:51
markets UPS Strategy wellness Trade reports IIFL Finance is back in the game, but clawing back market share to be slow
Subscribe to enjoy similar stories. Shares of IIFL Finance Ltd surged nearly 9% in Friday’s early trade after the Reserve Bank of India (RBI) revoked the ban on the company’s gold loan business. As a result, IIFL can now resume disbursing and selling gold loans.
20.09 / 07:45
markets Provident Experts Freedom cover hospital Department Limitations of Central Government Health Scheme (CGHS): 4 scenarios when an additional health insurance cover can help
I am a central government employee covered under the Central Government Health Scheme (CGHS). Given the range of benefits provided by CGHS, is it advisable to purchase additional health insurance? Are there any limitations in CGHS? Prableen Bajpai, Founder, FinFix Research and Analytics: The CGHS offers comprehensive healthcare services to central government employees, pensioners and their dependants, providing a wide range of benefits. However, an additional health cover may be considered for more choice and freedom. Here are the scenarios in which a second insurance can help.
20.09 / 07:45
markets Digital Google Instagram students Videos International 'Canada doesn't want Indians': Ex-Google employee with three years of experience shares survival hardships
Indian professional who previously worked at Google India shared his struggle to survive on his current salary in Canada. The individual, who moved to Canada and is now working as a Process Inventory Associate, spoke candidly about his difficulties in a viral video on the Instagram page ‘Salary Scale,’ run by digital creator Piyush Mongal. In the video shared on Instagram, the professional, who had more than three years of experience working at Google in India, revealed that his current annual income inCanada is $17,500 (Rs 10,77,511). “I can hardly survive on this income,” he said, expressing dissatisfaction with the low wages he now earns in comparison to his previous role in India. The drastic drop in salary has left him frustrated, especially since his work experience from India is not being recognized by Canadian employers. «Ever since I moved here, I've been reducing my experience on my resume because recruiters aren’t counting my work in India,» he explained. He added that the experience he gained while working for a major company like Google is being largely overlooked. «It just doesn’t make any sense,» he said, noting that employers in Canada seem to prioritize local experience over foreign credentials.
20.09 / 07:45
markets UPS Analysis trends Trade reports Havells India shares up 1.8% as Nifty gains
Havells India Ltd. traded 1.8 per cent up in Friday's trade at 12:58PM (IST). Around 14,629 shares changed hands on the counter. The counter opened at Rs 1995.1 and touched an intraday high and low of Rs 2035.0 and Rs 1990.6, respectively, in the session so far. The stock of Havells India Ltd. quoted a 52-week high of Rs 2035.0 and a 52-week low of Rs 1233.1.
20.09 / 07:45
markets Digital security track innovations information reports India needs to develop content tracking system for Gen AI using watermarking: Report
watermarking techniques that balance content protection with privacy concerns. The report highlights India’s potential to play a pivotal role in building a secure and trustworthy AI ecosystem. It notes that with the rapid advancement of AI technologies, concerns around the authenticity of digital content are on the rise. It further calls for a multi-layered approach, combining technological innovations with global frameworks. Policymakers worldwide are beginning to develop open-source tools and regulations to support the widespread adoption of watermarking, it noted.
20.09 / 07:29
markets IPO BLOCK Analysis wellness Trade performer Are happy hours in PSU stocks over? Mahesh Nandurkar answers
«My sense is that things like rate cut by the US Fed will be a trigger for many of the global funds to increase their allocation to emerging markets and clearly, India being one of the best performing emerging markets would draw its share of flows, so that is clearly our base case,» says Mahesh Nandurkar, Jefferies. The general view was that Fed will cut rates and FIIs will come back. Do you see that happening now that Fed has gifted everybody with not 25 but with a 50 bps jumbo rate cut? Do you see liquidity coming back in a hurry and in abundance back to emerging markets like India? Mahesh Nandurkar: Yes, that is our base case that the rate cut undertaken by the Fed will drive incremental moneys into the emerging markets. I mean, you would remember that emerging market as an asset class over the last five years or so has been completely neglected and that is also one of the reasons why we have not seen much of foreign inflows into markets like India, despite being so attractive from growth perspective, etc.
20.09 / 07:29
markets Waves MET Remark Reddit social Indian IT company asks for 'personal life should be sorted' in job advertisement
job posting is going viral due to one unusual requirement that has sparked discussions on social media. The company, based in Navi Mumbai, is looking for a Talent Acquisition Executive in its BPO division. While most of the listed qualifications appear standard for the industry, one particular line has caught the internet’s attention: «Personal life should be sorted with no baggage.» This last requirement, shared on Naukri.com, quickly made its way to a popular Reddit forum, where it was met with a wave of backlash and criticism. Many users found the implication of needing a «sorted» personal life invasive and reflective of the growing culture of work dominating personal time.
20.09 / 07:29
markets COST Provident Digital RAI India palm oil output to triple in 6 years as farmers plant more, says Agrovet exec
palm oil production is likely to triple in six years as the area under oil palm plantations increases and as plantations become mature for harvesting, a senior industry official said on Friday. The world's biggest edible oil importer relies on Indonesia, Malaysia and Thailand for palm oil supplies. An increase in production will help India slash edible oil imports that account for nearly two-thirds of its total consumption. India's palm oil production is likely to jump to 1.2 to 1.5 million metric tons by 2030-31 from the current 400,000 tons, as farmers have been expanding the area, said Sougata Niyogi, chief executive officer of the oil palm plantation division at India's biggest palm oil producer, Godrej Agrovet Ltd.
20.09 / 07:15
markets UPS Analysis Pool Sustainability Trade show Any big market correction unlikely; large pool of foreign money waiting on sidelines: Mahesh Nandurkar
«The absolute numbers are good. The relative positioning is looking even better with 6.5-7% GDP growth outlook, 12% to 14% corporate EPS growth outlook and that too over a long period of time. So, investors, have really kind of shown a lot of interest, which kind of shows in the numbers that we have been able to pull,» says Mahesh Nandurkar, Jefferies. What is the big understanding of how things are shaping up for the economy and for India Inc? Based on your interactions, both on the record, off the record, inside the conference room, outside the conference room, how is the growth and the earnings picture stacked up? Mahesh Nandurkar: So, I believe that the economic outlook for India is definitely fantastic and the reason why we have that confidence and continue to get that confidence reinforced is when you look at the investment activities in the economy, the fixed capital formation is rising, and it is always investments driven growth is more sustainable, investors like it, it broad bases the market, creates more options and opportunities.
20.09 / 06:55
markets UPS security Research President reports Commentary Is the agrochemical industry on the cusp of a turnaround?
Subscribe to enjoy similar stories. Agrochemical companies have had a rough time over the past year or so. But tough times don't last, and the corporate and analyst commentary has adopted a more optimistic tone of late, hinting at early signs of recovery.
20.09 / 06:55
markets COST Manufacturing Mobile exclusive innovations Tata Motors pushes for e-taxi subsidy after exclusion from PM E-Drive
Subscribe to enjoy similar stories. NEW DELHI : Tata Motors Ltd, India’s leading electric vehicle (EV) manufacturer, is engaging with the Centre to re-examine the e-taxi segment's exclusion from the ₹10,900 crore EV subsidy scheme approved by the cabinet on 11 September, two people close to the development said. The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE), marking the third phase of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) policy, leaves the e-taxi segment outside the purview of subsidies, even though it is a key form of shared mobility.
20.09 / 06:55
markets Citi IPO security Southern students rights Physics Wallah’s big bet on offline fetches $210 million investment
Subscribe to enjoy similar stories. Edtech company Physics Wallah’s offline ambitions and listing plan have fetched it $210 million in funding, effectively valuing it at $2.8 billion, 2.5 times what it was worth two years ago. Physics Wallah attracted new investors in this round, including India-focused hedge fund Hornbill Capital and venture capital firm Lightspeed Venture Partners, the company said on 20 September.
20.09 / 06:37
Provident Digital Citizens Discover Death track Courts Trapped in bureaucracy: The ordeal of recovering unclaimed shares in India
For Ashita Awasthy, the journey to reclaim her father's long-forgotten shares has been a gruelling odyssey. Bought in the 1990s and discovered in 2015, the shares—some jointly held with her and others in her mother's name—had languished for decades, a silent testament to the bureaucratic labyrinth that plagues India's Investor Education and Protection Fund (IEPF), often ensnaring unsuspecting investors.
20.09 / 05:59
economy Actor students Universities country International Destinations Canada's foreign student quota cut may force Indians to head to East Europe
Subscribe to enjoy similar stories. Indian students seeking a foreign degree will have to scout for new options after top favourite Canada took an axe to its international student permits programme. “We’re granting 35% fewer international student permits this year.
20.09 / 03:13
markets Digital CEO Sustainability wellness innovations reports ET Soonicorns Summit 2024: Are you attending the summit that matters—a deep dive into India’s startup ecosystem?
The stage is set, and in a short while from now we will be listening to industry leaders, innovators, policymakers, founders, and thought leaders as they take a long hard look at the startup ecosystem of India with the ‘funding winter’ in hindsight. Are you attending the ET Soonicorns Summit 2024 in Bengaluru today? There is still time to register and attend this revamped and repurposed event, and it will be worth the rush. To register: Click Here This is the third, and first-ever ticketed edition of the summit and has been themed, ‘From Resurgence to Resilience’ with a core messaging or call for startups to ‘Recalibrate. Rebound. Reinvent’—aimed at outlining the future of the Indian startup ecosystem.

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