India Financial News

KM Sugar Mills Ltd.(up 3.56%), Kothari Sugars & Chemicals Ltd.(up 1.60%), Ugar Sugar Works Ltd.(up 1.45%), KCP Sugar & Industries Corporation Ltd.(up 1.45%), Mawana Sugars Ltd.(up 1.39%), Triveni Engineering & Industries Ltd.(up 1.32%), Rana Sugars Ltd.(up 0.93%), Vishwaraj Sugar Industries Ltd.(up 0.79%), Sakthi Sugars Ltd.(up 0.69%) and Dwarikesh Sugar Industries Ltd.(up 0.68%) stood among the top gainers.

minimum export condition on onion exports with immediate effect, as per a notification issued on Friday. In May 2024, the Modi-led government had lifted the ban on onion exports but imposed minimum export price at (MEP) $550 per MT. India's onion exports in June are estimated to have plunged by more than 50 percent as the minimum export price of $550 per tonne and an export duty of 40 percent combined to make Indian onions more expensive than the competition, exporters told ET in August.

Chef Vikas Khanna organized large-scale food distribution drives, winning appreciation from many. In an interview with the BBC in 2020, he was asked by an anchor if his sense of hunger comes from India. Khanna responded, “My sense of hunger came from New York.” He explained further but did not elaborate in this particular interaction. The interviewer begins by highlighting Chef Vikas Khanna's achievements, including cooking for the Obamas and co-hosting with Gordon Ramsay. He then contrasts this success with Khanna's humble beginnings, noting his origins in Amritsar, Punjab. The interviewer suggests that Khanna's background from a less affluent family might give him a particular insight into the challenges of living in India. This implies that Khanna's experiences in a small Indian city have provided him with a deep understanding of hunger and poverty, based on the stereotype that everyone in less wealthy parts of India is automatically impoverished and starving.

Umang Dairies Ltd.(up 2.38%), Mrs. Bectors Food Specialities Ltd.(up 2.08%), Dodla Dairy Ltd.(up 1.59%), LT Foods Ltd.(up 1.49%), Procter & Gamble Hygiene & Healthcare Ltd.(up 0.96%), Bajaj Consumer Care Ltd.(up 0.84%), Tasty Bite Eatables Ltd.(up 0.68%), Euro India Fresh Foods Ltd.(up 0.55%), Britannia Industries Ltd.(up 0.40%) and Hatsun Agro Products Ltd.(up 0.37%) stood among the top gainers.

Subscribe to enjoy similar stories. Adani Green Energy Ltd is undertaking significant investments in building its renewable generation capacity, aiming to quadruple it by 2029-30. But while the company has secured land bank to build mega solar plants, it would still need to win bids and find buyers to reach its target.

Subscribe to enjoy similar stories. Applied Materials Inc., the world’s second-largest toolmaker for semiconductor fabrication units, is working with more than a dozen international and domestic suppliers to set up manufacturing in India, said Prabu Raja, president of the semiconductor products group at the California-headquartered company.

Benchmark NSE Nifty closed 32.41 points down at 25356.5 amid selling in frontline bluechip counters.

international students and the U.S. economy—especially for students from India, who have long faced uncertainty about their post-graduation status in the United States. This proposal should be viewed not just as a policy shift but as a strategic move to retain top global talent. The U.S. has long benefitted from the influx of international students, particularly from India, who excel in high-demand sectors such as technology, finance, and engineering. However, the current visa process is fraught with uncertainty, leaving many graduates in limbo. Trump’s plan could potentially change that narrative, offering a pathway to stability for thousands of students who have invested heavily in their American education. Vice President Kamala Harris, a staunch advocate for international students, has also worked tirelessly to streamline the visa process and support pathways to citizenship. Her initiatives, rooted in her personal understanding as a child of immigrants, aim to create a more inclusive environment where international students can contribute to the American economy and society without the fear of being forced to leave. Harris’s advocacy, coupled with Trump’s proposal, could mark a turning point in how the U.S. approaches immigration and talent retention.

Department of Pension and Pensioners' Welfare (DoPPW) DLC campaign 3.0, which will run from November 1 to 30, 2024, across all district headquarters and major cities in India. On September 12, 2024, a preparatory meeting was conducted to plan the DLC campaign 3.0 for district post offices. The meeting was chaired by V Srinivas, Secretary of DoPPW, and included Sanjay Sharan, Director General of Postal Services, Rajul Bhatt, Deputy Director General of Posts, and R Viswesvaran, MD & CEO of India Post Payments Bank (IPPB), among other officials. It was agreed that district post offices will coordinate with pensioner welfare associations, pension disbursing banks and the Unique Identification Authority of India (UIDAI), among others, to conduct the DLC campaign 3.0 at district post offices, the statement issued by the Personnel Ministry said.

Puneet Chhatwal, MD & CEO, IHCL, says their approach has been pretty balanced. They haven't gone all in on heavy assets or kept things super light, and haven't just zeroed in on one brand. Since they kicked off the journey in 2017-2018 with Aspiration 2022 and then pivoted post-COVID with Ahvaan 2025, they have aimed to diversify their business across both new and traditional areas. The new ventures are mostly fueled by digital, while the traditional ones have benefited from operational efficiency, especially after COVID, when demand started to outpace supply. Also, their growth isn't just about direct comparisons. Over the past six years, IHCL has more than doubled its portfolio size, and are launching more than one hotel every month. Rs 1 lakh crore market capitalization for Indian Hotels? Do you count the zeros? Puneet Chhatwal: Actually, I do not know how to count them. But yes, indeed a very proud moment for the sector, not just for the group. I think this sector was not known for value creation as much as it was for the glory part of it. And I think finding that sweet spot and the right balance has been very well driven in the entire sector globally, post-COVID.

Realme P2 Pro 5G comes in three storage options: the 8GB RAM and 128GB storage variant is priced at ₹21,999, the 12GB RAM and 256GB storage model at ₹24,999, and the top-tier 12GB RAM with 512GB storage version at ₹27,999. To celebrate the launch, Realme is offering discounts of up to ₹3,000 on the device.

India D faced a tough outing in their opening Duleep Trophy match, with captain Shreyas Iyer scoring 9 and 54, but the team lost to India C by four wickets. In the second match, Shreyas Iyer elected to bowl after winning the toss, leading to India A being dismissed for 290 runs at the Rural Development Trust Stadium in Anantapur. However, India D struggled when it was their turn to bat, losing four wickets for just 55 runs. Among the early dismissals was captain Shreyas Iyer who fell for a duck.

NLC India Ltd (NLCIL) will invest around Rs 50,000 crore to ramp up its renewable energy capacity from 1.43 GW to 10.11 GW. NLC India Green Energy Limited (NIGEL), a wholly-owned subsidiary of NLCIL, is established with special focus on renewable energy generation, an official statement said on Friday. «NLCIL aims to achieve a renewable energy (RE) portfolio mix of 50 per cent of its total planned capacity, increasing its RE capacity from 1.43 GW to 10.11 GW. »The above plan entails an investment of Rs 50,000 crore (approx) in renewable portfolio, which will support India's RE target and contribute to the broader aim of achieving 'net zero' emissions by 2070," the statement said.

Subscribe to enjoy similar stories. Bull market and bear market are two terms that every stock market investor is familiar with. While bull markets create wealth, bear markets destroy wealth.

HCLTech late night Thursday said that it completed the acquisition of Paris based software company, Zeenea SAS. The acquisition valued Zeenea at $26.5 million (23.9 million euros), according to a BSE filing. This is the second acquisition that the company made in the first half of the current fiscal. Three months ago in May, the IT major announced its plans to acquire certain assets of Hewlett Packard Enterprise’s (HPE) Communications Technology Group (CTG) for $225 million (approximately Rs1,874 crore). HCLTech had announced its intention to acquire Zeenea in August 2024. Zeenea specialises in data catalog and governance solutions. HCL plans to use this acquisition to enhance its data and analytics business (Actian).

Sebi) Chief Madhabi Puri Buch stated on Friday that she had complied with all disclosure and recusal guidelines issued by the regulator. In a personal statement, the head of India's market regulator declared that all allegations against her were completely false, malicious, and derogatory.

Tejasvi Surya slammed Congress leader Rahul Gandhi over his remarks and meetings during his visit to the United States and said that he would not be surprised if he held meetings with terrorists someday. Addressing a press conference on Friday, the BJP MP from South Bengaluru said that the comments made by the Lok Sabha LoP over the removal of reservations were quite damaging. He further criticised Gandhi for meetings with "anti-India" elements like Ilhar Omar and alleged that the Leader of the Opposition in the Lok Sabha was holding meetings with Khalistan, Pakistan, China, and Bangladesh agents.

Uttar Pradesh, once called a bimaru (sick) state with low industrialisation, is on its way to become a boom state. As it strives to become an electronics hub, the state will now get a semiconductor plant too. The joint venture between Taiwan’s Foxconn and IT services major HCL Group has been allotted around thirty acres of land, near the upcoming Jewar airport in Uttar Pradesh’s Noida, to set up a semiconductor outsourced assembly and testing (OSAT) unit, said Et has reported based on information from sources. Uttar Pradesh has received proposals for projects totalling around Rs 40,038 crore under its new policy to incentivise semiconductor manufacturing and attract global investments in the state, the government said in a statement in July. Among several proposals, it has so far considered Hiranandani group’s Tarq Semiconductor plant. In fact, Uttar Pradesh has emerged as the only north Indian state actively vying for high-tech industrial projects which has traditionally been the mainstay of south Indian states. Uttar Pradesh has followed states Karnataka, Tamil Nadu and Gujarat to have a dedicated semiconductor policy.

Subscribe to enjoy similar stories. India is now the second most targeted nation in the Asia Pacific (APAC) by cybercriminals.

Congress' Vinesh Phogat, the sports icon who became the fierce face of an anti-sexual harassment protest and retired from wrestling after a shock end to her medal campaign at the Paris Olympics, AAP's Kavita Dalal, the first Indian woman wrestler to compete in the WWE, and BJP's Yogesh Bairagi, a commercial pilot. While Phogat enters the political arena with this election, Dalal, popularly known as Lady Khali, joined the Aam Aadmi Party in 2022 and Bairagi has been part of the BJP for about four years. It's the first election for all three, all of whom are in their 30s.

M Rajeshwar Rao, Deputy Governor of the Reserve Bank of India (RBI), has stated that infrastructure projects pose significant risks, complicating their financing. He advocated for a unified approach to infrastructure development, viewing projects as interconnected rather than independent. This announcement coincides with RBI's proposal for new rules requiring banks to set aside an additional 5% provision of the loan amount, up from the current requirement of 0.4%. If implemented, this would increase the cost of project financing. Rao made these comments at an infrastructure seminar organized by the National Bank for Financing Infrastructure and Development (NaBFID). «High sunk costs, coupled with long gestation periods, further complicate the financing of infrastructure projects and lead to asset-liability mismatches. Delays in approvals, clearances, land acquisition challenges, and breaches of agreements also add to the risks of project financing and cause further issues like cost overruns,» Rao said. He emphasized that infrastructure projects are interdependent, so issues in one project can impact others, making coordinated planning and execution crucial.