India Financial News

Epsilon Advanced Materials is planning to set up a Rs 9,000-crore anode plant in Karnataka with an annual production capacity of 90,000 tonne, a top official of the company said. The investment in the plant would be made in two phases. In the first phase, Rs 4,000 crore would be invested and the remaining Rs 5,000 crore would be pumped in in the second phase, Epsilon Group Managing Director Vikram Handa said. «So, we are looking to build a 30,000-tonne anode plant in India by Q4 2026, which will entail an investment of about Rs 4,000 crore. The plant will be scaled up to 90,000 tonne (capacity) by 2031. The total capex outlay is Rs 9,000 crore for our annual business in the next eight years,» Handa explained. With increasing demand of electric vehicles in India, there is a need for Indian cell manufacturing companies to set up battery plants in the country. Epsilon products will act as a sustainable and reliable supplier of anode and cathode material to these cell companies.

India Meteorological Department (IMD) on Sunday said that the deep depression that was formed over Gangetic West Bengal and adjoining Bangladesh has moved slowly westward and subsequently, within the duration of 24 hours, its intensity will gradually weaken into a 'depression'. Along with it, the IMD has issued a warning for «very heavy to heavy rainfall» at a few places over Gangetic West Bengal, including Kolkata and «extremely heavy rainfall» at isolated places over south Gangetic West Bengal for today. According to the IMD, the deep depression formed over Gangetic West Bengal is likely to move slowly and maintain its intensity of deep depression till Sunday evening while it will gradually weaken into a depression during the subsequent 24 hours.

Chief Economic Advisor to the Centre, V Anantha Nageswaran has said banks should adapt to changing customer preferences and market dynamics in order to remain competitive. He highlighted the crucial role of agriculture in driving economic growth at an event organised by public sector Indian Bank here on Saturday. In his remarks on the topic 'Indian Economy and Banking: Growth and Trends", Nageswaran stressed on the importance of technological advancements in driving growth and innovation in the industry. The CEA, in a press release issued by the Bank, emphasised the need for banks to adapt to changing customer preferences and market dynamics to remain competitive.

Subscribe to enjoy similar stories. In 1998, a young consultant from Tata Consultancy Services was dispatched to the authorities overseeing India’s census, an immense effort carried out once a decade. The company was propelled by the concern that once computer dates ticked from 1999 to 2000, all the IBM mid-range computers it had used to stop the banking system from collapsing and planes falling out of the sky would have no work worth their capabilities.

Navdeep Singh achieved a historic milestone by securing a gold medal in the men’s javelin F41 final. Initially awarded silver, Navdeep’s medal was later upgraded to gold after a review, marking one of the most significant achievements in his career. His win brought immense pride to India and highlighted his remarkable athletic journey. However, Navdeep’s path to Paralympic success wasn’t just about sports. It was also a personal journey filled with challenges that shaped his determination. During an emotional podcast interview, Navdeep opened up about the deep struggles he had to overcome, both on and off the field.

Vande Bharat trains to bolster the rapidly growing fleet from 54 train sets to 60 with 120 trips daily covering over 280 districts across 24 states and union territories. The six new routes that these trains will cover are Tatanagar-Patna, Brahmapur-Tatanagar, Rourkela-Howrah, Deoghar-Varanasi, Bhagalpur-Howrah and Gaya-Howrah. The ministry said the train is capable of reaching a speed up to 160 kmph, offering an unparalleled travel experience for millions of passengers. «The Vande Bharat Portfolio is ever-expanding with new train services being added for enhanced connectivity,» the statement of Railways read.

Subscribe to enjoy similar stories. It’s not often that an India-Bangladesh Test series garners as much anticipation as the one starting on 19 September in Chennai. Bangladesh’s historic 2-0 Test series win away from home in Pakistan earlier this month has raised the passionate cricket nation’s status—the greatest ever triumph in the history of Bangladesh as a Test playing nation.

India is preparing to finalize a significant deal with the United States for 31 weaponized MQ-9B Predator drones. This agreement is expected to be signed next month. The defense ministry is currently finalizing a draft note for the finance ministry before seeking approval from the Prime Minister-led cabinet committee on security. A report from the Ministry of Defense’s contract negotiation committee has been accepted for this government-to-government deal, originally quoted by the US at $3.9 billion (over Rs 33,500 crore). Prime Minister Narendra Modi is scheduled to visit the US for the Quad leaders’ summit hosted by President Joe Biden in Wilmington, Delaware, on September 21. “The contract should be inked in mid-Oct. The costing, setting up of a MRO (maintenance, repair, overhaul) facility here, performance-based logistics support and other such issues have been finalized after hard negotiations,” a source said to TOI.

Onam festival, is a traditional vegetarian meal that consists of a variety of dishes, offering a blend of sweet, sour, spicy, and savory flavors. Here are 10 must-have Onam Sadhya dishes, along with their recipes, that you can easily prepare at home to celebrate the festival in style. Avial – A Quintessential Onam Dish Avial is one of the most important dishes in the Onam Sadhya and is believed to have originated in Kerala, with a legend linking it to Bhima from the Mahabharata. It's a mixed vegetable curry made with vegetables like carrots, beans, yam, and raw bananas, cooked with a ground coconut and yogurt paste. Drizzled with coconut oil and garnished with curry leaves, this dish provides a perfect blend of flavors and is a nutritious addition to the feast.

Kross Ltd will debut on the exchanges on Monday. Ahead of the listing, the company’s shares are trading with a grey market premium (GMP) of Rs 24.5. With the upper price band set at Rs 240, the stock is anticipated to list at a 10% premium to the issue price.

security forces and terrorists in the Pathanateer area of Poonch district, Jammu and Kashmir, on Saturday evening, officials confirmed. The operation began after the Army and police received intelligence reports about terrorists near Gursai Top in Mendhar sub-division, officials stated on Sunday. As the security team neared the location, they came under fire, leading to a gun battle. Additional forces have been sent to the area as the exchange of fire continues. In response to recent incidents where two soldiers were killed and two terrorists were neutralized, anti-terror operations have intensified across Kishtwar, Udhampur, Poonch, and Rajouri districts.

Vande Bharat trains that Prime Minister Narendra Modi will flag off on Sunday for different locations, offer faster connectivity, safe journey and a range of passenger amenities, the Railway Ministry has said. These new trains would also bolster the rapidly growing fleet of this modern innovation from 54 train sets to 60 with 120 trips daily covering over 280 districts across 24 states and union territories, the ministry said in the statement issued on Saturday. Prime Minister Modi will travel to Jharkhand today and flag off six Vande Bharat trains at Tatanagar Junction Railway Station around 10 am, according to a release by the Prime Minister's Office (PMO). «The Vande Bharat Portfolio is ever-expanding with new train services being added for enhanced connectivity,» the statement read.

It is known that a strong domestic league makes a strong national team. As the 11th season of the Indian Super League (ISL) just started, a look at the ways the ISL can help make a difference and lift the veil of negativity shrouding Indian football at the moment. Here’s a wish list: CHHETRI’S REPLACEMENT India doesn’t have a goal scorer who can replace Sunil Chhetri, who recently retired from international football, and it was yet again evident in the Intercontinental Cup. A cursory look at all participating teams reveals that almost all of them have foreign strikers playing for them.

Suresh Narayanan, chairman and managing director of Nestle India. When the 64-year-old is not looking at volume growth and operating margins, the uptick of Maggi and the prices of cocoa, he sets his sights on rocky trails and mountain peaks. An avid trekker and mountaineer, he went on a weeklong arduous trek with a band of friends to Tosamaidan, at a height of 13,000 ft, in Kashmir, a couple of months ago. It is not just Narayanan. A growing tribe of corporate chieftains, in their 50s and 60s, take a break from their corner office for the arduous outdoors. They swap one set of challenges for another as they travel to tough terrains. Some climb Mount Kilimanjaro in Tanzania and Machu Picchu in Peru. Others make their way to the Everest base camp or Kang Yatse in Ladakh. Nearer home, Uttarakhand, Kashmir and Himachal Pradesh are their playgrounds. These executives dare themselves at every stage. The discipline required to push through challenging conditions is something they often bring back to the boardroom.

Jammu and Kashmir is gearing up for a triangular contest between Congress, National Conference and People's Democratic Party. This is one of the five seats where the NC and Congress-which entered into a pre-poll seat sharing arrangement on 83 of the 90 seats across J&K-decided to have a friendly contest. Both the parties failed to convince each other that their respective candidates had a better chance to emerge as a winner from here. The PDP, which still claims to be the part of INDIA bloc but is not part of any pre-poll alliance in J&K, saw an opportunity in the NC and Congress rivalry in this constituency and believe that they might end up as winners here. Thus in Banihal, a town spread in the lap of Pirpanchal mountain and on the banks of Nalla Bischlari and connects Kashmir with the rest of the country, the contest is no longer friendly.

Hindi and other Indian languages as they are friends and complement each other, Union Home Minister Amit Shah said on Saturday. Addressing the fourth Akhil Bhartiya Rajbhasha Sammelan on Hindi Diwas, Shah said the promotion of Hindi cannot happen until all other Indian languages are strengthened and the official language establishes a dialogue with all of them. «There can never be a competition between Hindi and local languages because Hindi is a friend of all local languages. Hindi and all local languages complement each other...,» he said.

Assam Pradesh Congress Committee has show caused five leaders including three MLAs for breach of party discipline and they have been given seven days’ time to respond. The recommendation of DAC Assam PCC for the readmittance of former Minister Nilomoni Sen Deka who deposed before the DAC Assam PCC with an undertaking, has been forwarded to AICC for its approval. A status report will be submitted by DAC Assam PCC to All India Congress Committee shortly. The DAC has show caused MLAs includingAbdur Rashid Mondol, Rekibuddin Ahmed, Bharat Chandra Narah besides Mira Barthakur, President Assam Pradesh Mahila Congress and Samsuddin Barlaskar President Hailakandi, District Congress Committee.

It’s been the season of theatrical re-releases! After Ranbir Kapoor’s ‘Rockstar’ and Tripti Dimri’s ‘Laila Majnu’, the 2018 cult horror film became the latest movie to return to the theatres. The folk horror film, which re-hit the theatres on Friday the 13th, earned over Rs 1.63 crore on day one of release. Ever since the movie was re-released, it has become the talk of the town, and many viewers are now eager to catch it on OTT.

hoolock gibbon, for oil and gas exploration by a Vedanta Group company. Cairn Oil & Gas will carry out exploratory oil drilling in the ecosensitive zone of the Hoollongapar Gibbon Wildlife Sanctuary in Jorhat district, the sole habitat for India's only ape species. The ministry's Forest Advisory Committee approved the diversion of 4.49 hectares of forest land during a meeting on August 27, according to minutes published on the Parivesh portal. On August 8, Assam's principal chief conservator of forests (wildlife) and chief wildlife warden recommended the clearance, saying that the project served «national interest».

Hindustan Zinc Limited has said its all-women mine rescue team will represent India at an international competition. The country's first all-women mine rescue team will be among 26 teams at the XIII International Mine Rescue Competition to be organized by the National Mining Agency, Colombia, under the guidance of the International Mines Rescue Body (IMRB). «Hindustan Zinc's team marks a historic breakthrough as the first-ever all-women team from India to compete on this prestigious global stage, demonstrating their exceptional rescue skills and expertise,» said Arun Misra, CEO Hindustan Zinc Limited. He said that the participation highlights our ongoing commitment to gender diversity and parity, ensuring equal representation and opportunities across all levels.