India Financial News

UK on Wednesday launched a major drive urging all immigrants across the country, including Indians, who are using a physical immigration document to take immediate action to transition to an eVisa. As part of plans to fully digitise the UK border and immigration system, all those using a physical biometric residence permit (BRP), a passport containing a visa vignette sticker or ink stamp confirming their “indefinite leave to enter/remain” in the country, or biometric residence card (BRC) as evidence of their immigration rights will be switched over to an entirely online system by next year. A majority of the BRPs are set to expire towards the end of this year and are being automatically transitioned online in phases to be accessed by creating and logging into a UK Visas and Immigration (UKVI) online account.

Redseer Strategy Consultants reveals that the B2B kirana market, which has long relied on fragmented, traditional trade-distribution models, is embracing digital innovation through eB2B (ecommerce-led Business to Business) platforms, fueling rapid growth and operational efficiency in the sector. The report, titled ‘B2B e-commerce Opportunity in India’, outlines how the rise of digital solutions is reshaping the market, which has historically faced challenges. Kirana stores, especially in remote and rural regions, are increasingly turning to eB2B platforms for better procurement management, access to formal credit, and superior customer service. The study also highlights how udaan, India’s leading eB2B platform, has solidified its position as the preferred partner for kirana stores in Bengaluru and Hyderabad, significantly outpacing other competitors in the market. The findings highlight udaan’s remarkable growth, capturing a significant market share and continuing to expand and strengthen its position, while other eB2B players have been in decline.

Both leading candidates in Sri Lanka's presidential election are promising to give land to the country’s hundreds of thousands of plantation workers, but the long-marginalized group has heard promises like these before

Subscribe to enjoy similar stories. When we talk about the largest and most influential companies in India, we often refer to Maharatna companies. These leading enterprises, closely associated with the national government, are considered the crown jewels of India's business world.

Subscribe to enjoy similar stories. NEW DELHI : In what may result in the first review of the new Indian criminal codes, the Centre has started discussions on the misuse of Sections 85 and 86 of the Bharatiya Nyay Sanhita (BNS) that criminalize domestic violence against women by their husbands and in-laws, said Union law and justice minister Arjun Ram Meghwal in an interview. The development comes after the Supreme Court expressed concerns over the replication of Section 498A of the now-repealed Indian Penal Code in the BNS without adequate safeguards for husbands and their relatives against frivolous complaints.

Subscribe to enjoy similar stories. Tracking the portfolios of India’s Warren Buffetts over a period, it’s evident that no super investor is similar to another when it comes to picking stocks. Their strategies are known only to them.

Narendra Modi will visit the United States from September 21 to 23 to participate in the 4th Quad Summit. While in the US, Modi is expected to meet former President Donald Trump, who confirmed the meeting himself. «He happens to be coming to meet me next week,» Trump remarked.

Cummins India Ltd. slipped 0.33 per cent to Rs 3831.8 in Wednesday's trade as of 11:21AM (IST). The stock hit a high price of Rs 3866.5 and low of Rs 3825.55 during the session. The return on equity (ROE) for the stock stood at 26.02 per cent. Traded volume on the counter stood at 11:21AM shares and turnover at Rs 0.51 crore around that time. The stock of Cummins India Ltd. quoted a 52-week high price of Rs 4169.5 and 52-week low prices of Rs 1590.3, respectively.

Donald Trump on Tuesday referred to India as a “very big abuser” concerning its trade policies, specifically regarding import tariffs. Speaking at a campaign event in Michigan, Trump emphasized that India’s tariffs on imports were unfair, reflecting his long-standing critique of global trade practices. He said, «So when India, which is a very big abuser. He (Modi) happens to be coming to meet me next week, and Modi, he's fantastic. I mean, fantastic man. A lot of these leaders are fantastic.» He added that countries like Brazil and China also impose tough trade terms on the US, but China, in particular, was the most challenging of all. Further emphasizing India's competitive stance in global trade, Trump remarked, «They're not a little bit backwards...You know the expression, they're at the top of their game, and they use it against us. But India is very tough.» He also noted that Brazil, like India, maintained strict policies that made it difficult for the US to engage in fair trade. Also Read: Why is Donald Trump meeting Indian Prime Minister Narendra Modi ahead of the US Presidential Polls?

Israel's ambassador to India, Reuven Azar, has responded to comments made by Iran's Supreme Leader, Ayatollah Ali Khamenei, about the situation of Muslims in India. Azar criticized Khamenei, saying, «You are a killer and oppressor of your own people. Muslims in Israel, India and all democracies enjoy freedom, which is denied in Iran. I wish the people of Iran will be free soon.» Khamenei had earlier compared the plight of Muslims in India with those in Gaza, which drew a sharp reaction from India. Khamenei stated, «The enemies of Islam have always tried to make us indifferent with regard to our shared identity as an Islamic Ummah. We cannot consider ourselves to be Muslims if we are oblivious to the suffering that a Muslim is enduring in #Myanmar, #Gaza, #India, or any other place.» India's Ministry of External Affairs (MEA) issued a strong response to Khamenei's comments on Monday. The MEA's statement read, «We strongly deplore the comments made regarding minorities in India by the Supreme Leader of Iran. These are misinformed and unacceptable. Countries commenting on minorities are advised to look at their own record before making any observations about others.»

Bandhan Bank Ltd.(up 2.3 per cent), HDFC Bank Ltd.(up 1.57 per cent), State Bank of India(up 1.3 per cent), ICICI Bank Ltd.(up 0.96 per cent) and IndusInd Bank Ltd.(up 0.66 per cent) were among the top gainers.

Samir Kumar will take over as the country manager for India replacing Manish Tiwary who stepped down from his role in August. Kumar will take India responsibility in addition to his current charter of leading Amazon’s consumer businesses in the Middle East, South Africa and Turkey. Kumar is working closely with Tiwary on the transition, and will assume operational responsibilities for India starting October 1, Amazon said in a statement. Samir, who joined Amazon in 1999, was a part of the original team that planned and launched Amazon India in 2013.

SpiceJet has revealed it has not paid around Rs 2,200 crore in tax deducted at source (TDS) from employees' salaries between April 2020 and August 2023 to tax authorities. Additionally, the airline owes over Rs 1,353 crore in provident fund (PF) payments to its employees for the same period. In the airline's preliminary placement document (PPD) filed with the Bombay Stock Exchange (BSE), SpiceJet said about Rs 720 crore of TDS for the assessment years 2009-10 to 2013-14 is disputed. It also listed considerable dues in customs, service tax, and goods and services tax (GST) as «disputed.» «Owing to our constrained financial position, we have delayed in depositing/ payment of the statutory dues,» the cash-strained ailrine said. These dues include TDS and filing of TDS returns on time, gratuity dues to employees, provident fund, and goods and services tax and filing of returns.

Subscribe to enjoy similar stories. It is a good thing that the government is thinking of giving a big boost to indigenous production of unmanned aerial vehicles, or drones, to fill Indian skies with hundreds of thousands of these flying objects.

This is an AI-generated live blog and has not been edited by LiveMint staff. Bank Nifty Share Price Today Live Updates: The NIFTY PSE at (0.51%), NIFTY Financial Services 25/50 at (0.42%) & NIFTY200 Momentum 30 at (0.35%) are currently the top performing sectors among the Sectoral Indices. While NIFTY IT at (-1.58%), NIFTY India Digital at (-1.58%), NIFTY50 Value 20 at (-0.45%) are currently the low performing sectors Bank Nifty Share Price Today Live Updates: The Bank Nifty opened at 52177.1 (-0.02%) , -11.55 points lower than the previous closing.

This is an AI-generated live blog and has not been edited by LiveMint staff. Nifty 50 Share Price Today Live Updates: The NIFTY PSE at (0.51%), NIFTY Financial Services 25/50 at (0.42%) & NIFTY200 Momentum 30 at (0.35%) are currently the top performing sectors among the Sectoral Indices. While NIFTY IT at (-1.58%), NIFTY India Digital at (-1.58%), NIFTY50 Value 20 at (-0.45%) are currently the low performing sectors Nifty 50 Share Price Today Live Updates: The Nifty 50 opened at 25402.4 (-0.06%) , -16.15 points lower than the previous closing.

Subscribe to enjoy similar stories. Ashish Kacholia, ace investor and director of Lucky Investment Managers Pvt Ltd, recently walked away from five stocks. If you are an investor in the Indian stock markets, chances are you've heard of him.

lunar eclipse of 2024 will occur today, September 18. This partial lunar eclipse will be visible in several parts of the world, including Europe, Africa, North and South America, and parts of Asia. Unfortunately, it will not be visible in India because the Moon will be below the horizon during the event. The eclipse will begin at 6:11 AM IST and will last for 4 hours and 6 minutes, ending at 10:17 AM IST. Key phases of the eclipse include the start of the penumbral eclipse at 6:11 AM, the beginning of the partial eclipse at 7:42 AM, the maximum eclipse at 8:14 AM, and the end of the partial eclipse at 8:45 AM. The penumbral eclipse will conclude at 10:17 AM. For those interested in watching the event, NASA will provide live streaming on its website and social media platforms.

«Because there is growth slowdown and I have been in India for the last couple of days and there are visible signs of slowdown, whether it is real estate in northern India or consumption part of the economy,» says Rahul Chadha, Shikhara Investment. What is it that you are making of the market right now? I mean, all the valuation concerns aside, markets and not just us, globally, they do not want to stop. Rahul Chadha: I think what markets are looking is what Fed would do tomorrow. So, September 18th is when Fed comes for a meet and clearly, we are seeing globally economic data being soft but the hope is that policymakers, particularly here, the central banks come quickly, act quickly, and cut rates quickly, so which is where 50 bps cut from Fed would be reassuring and we have had some statements from the Fed members saying that Fed should go to neutral rates very quickly.

Investors in India are shunning stocks that were expected to benefit from Prime Minister Narendra Modi’s re-election, and instead piling into defensive sectors. An index of the so-called Modi stocks, a term coined by CLSA, has climbed only 2% as the prime minister completed his first 100 days in office after winning a third term in early June. In contrast, consumer and software stocks have rallied 20% and 34%, respectively.

Subscribe to enjoy similar stories. Mumbai: Rising scrutiny on the flurry of small enterprises going public finally has Exhibit One: TrafikSol ITS Technologies Ltd. On Tuesday, BSE postponed the listing of TrafikSol shares after investor complaints reached the market regulator, a person aware of the matter said.