India Financial News

Vir Das will host the 2024 International Emmy Awards, organised by the International Academy of Television Arts and Sciences. The actor from 'Call Me Bae' made the announcement on his Instagram handle. This year’s Emmy Awards ceremony will take place on November 25 in New York City. Das will become the first Indian to host the prestigious event. Sharing the news and his excitement on social media, Das wrote, «Thanks to your support, an Indian Emmy Host. I can’t wait to host the @iemmys this year! Crazy. Thank you for having me. Tremendously honored and excited!» Actor Hrithik Roshan commented on his post, «Wow. That’s amazing. Very well done.» Actress Shweta Tripathi reacted, «Whoaaaaaaa, this is absolutely amazing!!! Shall be watching.»

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Donald Trump and Kamala Harris faced off physically for the first time in the US presidential elections on Tuesday (Wednesday morning in India). The first TV debate between the Republican and Democratic candidates was never going to beat the ratings of the last one — a candidate face-off that had led to the collapse of Joe Biden's re-election bid. Instant surveys were unanimous that Harris was the winner. But there's no evidence the Democratic candidate will benefit enough to move the needle. What she did accomplish was to reassure her own base that they had a candidate who was sound of mind and body. A few independent voters, a shrinking cohort in US politics, may also be persuaded to plump for her. Nearly a third of voters had indicated they wanted to know more about her. Harris is leading ever so slightly in the polls taken before the summit. That is the popular vote. What matters in a US presidential election is securing the electoral college, in other words, majority of the 6-7 swing states. Of the last dozen polls in the US, those in August all gave a slight edge to Harris in the popular vote. Of the last five polls, all in September, Trump leads in two, and one is a tie.

Deloitte has won the mandate for resolution of Jaiprakash Associates- the largest insolvency case currently, which has claims of over Rs 51509 crore and assets ranging from real estate to cement business, said a stock exchange disclosure. Deloitte will replace PwC for the sale process of Jaiprakash Associates, which is undergoing corporate insolvency and resolution process. Lenders had appointed Bhuvan Madan as the resolution professional. Going forward, Deloitte will support the RP, thus replacing PwC, said people with knowledge. Lenders have also approved a resolution to appoint legal firm Shardul Amarchand Mangaldas as legal advisor for the RP, and BDO LLP is appointed to carry out agency for specialised monitoring (ASM) related assignments for the company.

Varun Aradhya is in the news for the wrong reasons. The actor is facing accusations of blackmail and making death threats by his former partner, influencer Varsha Kaveri. An FIR has been filed against him at the Basaveshwarnagar Police Station in Bengaluru according to a Times Of India report. Varsha, who gained popularity alongside Varun through Instagram reels, claims that their relationship, which began in 2019 after connecting on the platform, has now become a nightmare. In her complaint, Varsha claimed that Varun used private photos and videos from their time together to manipulate and intimidate her.

India led the way in global adoption of cryptocurrencies for the second straight year as investors braved the country's tough regulatory stance and steep trading taxes, a report from blockchain analytics company Chainalysis showed on Wednesday. The report, which tracks adoption across four sub-categories in 151 countries, showed India ranked high on usage of centralized exchange and decentralized finance assets from June 2023 to July 2024.

India will buy soybeans from farmers of the central state of Madhya Pradesh at state-set support prices to help growers reeling from a crash in domestic rates for the oilseed, a government statement said on Wednesday. India uses soybeans to manufacture soyoil, which helps the country cut its hefty edible oil imports, while the by-product soymeal is used for animal feed and exported mainly to Southeast Asia and the Middle East. Farmers plant soybeans during the monsoon season in June and July and harvest the main summer oilseed crop from October.

Defence Ministry has given approval to the Indian Navy's plans worth over Rs 2,500 crore to build 100-tonne unmanned underwater vessels. The proposal for building the 100-tonne unmanned underwater vessels was given clearance at a high level defence ministry meeting held recently, defence sources told here. The underwater vessels in the Extra Large category would weigh over 100 tonnes and would be

NXP Semiconductors plans to invest over USD 1 billion to double its research and development activities in India over the next few years, a top company official said on Wednesday. Speaking at Semicon India 2024, NXP Executive Director, President and CEO Kurt Sievers said the company is engaging with the whole industry, downstream in the automotive sector, industrial sector, which is going to make India extremely powerful as an economy. «In that context, NXP is committed to double its R&D efforts here in the country in the next few years, which is far in excess of a billion dollars,» he said. Sievers said NXP has been present in India for about 50 years.

Bond yields, which ended at 6.82% were down by three basis points, since its previous close at 6.85%, Clearing Corporation of India data showed.

India and the US are working together towards becoming self-reliant in critical minerals, strengthening supply chains and adopting cutting-edge technologies, commerce and industry minister Piyush Goyal said Wednesday, adding that he will visit Washington early next month for the India-US CEO Forum. “With both of us suffering a common source of concern… common concern C…(there is) lots to be done. We have a lot to offer, you have a lot to offer,” he said at the US-India Business Council’s (USIBC) 49th Annual General Meeting. He said that India and US share one of the most strategic and consequential relationship with shared interests in bilateral and geopolitical issues.

Tecno Pova 6 Neo 5G is priced competitively, starting at ₹12,999 for the 6GB RAM + 128GB storage variant, and ₹13,999 for the 8GB RAM + 256GB storage model. Buyers can take advantage of a ₹1,000 instant discount as well as an additional ₹1,000 exchange offer, further lowering the cost.

Willie Walsh, director general of International Air Transport Association (IATA) said. Giving a major relief to foreign airlines, the Goods and Services Tax (GST) Council on Monday decided to exempt import of services by an establishment of a foreign airline. The relief was given citing that Indian carriers get similar tax benefits abroad. “The issue was becoming concerning for the airlines. But with this change in regulation, it looks to be very optimistic for India,” Walsh said on the sidelines of the Asia Pacific Ministerial Conference on Civil Aviation being held at New Delhi.

IPO dates: September 13-18, 2024 IPO price: Rs 163-172 IPO size: Upto Rs 493 crore

4G stack will be rolled out by middle of next year and the country is also aiming to achieve a 10% share in 6G patents, communications minister Jyotiraditya Scindia said Wednesday. Speaking during an industry event, Scindia said India has emerged as a beacon of hope and stability amid tremendous amounts of global economic and social turbulence. He said India is rising on the world stage and the country is no longer an embodiment of a struggling economy, but an economy that is on the rise, an economy that is rising like a phoenix in the comity of the nations.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Hundreds of workers at Kenya’s main international airport are demonstrating against a planned deal between the government and a foreign investor

NITI Aayog has proposed enacting a new Public Health Emergency Management Act (PHEMA), setting up of a special pandemic preparedness and emergency response fund and creating an institutionalized empowered governance mechanism to tackle public health emergencies in future. Recommendations are part of the Pandemic Preparedness and Emergency Response (PPER) framework, proposed by an expert group set up for the purpose after Covid 19 pandemic. The idea is to put in place an emergency response which begins action on day zero and gives the required results to have disease prevention, mitigation and control in place within 100 days of the outbreak.

avoid the fate of Micromax? Why is the Indian consumer suddenly falling out of love with smartwatches? The one-word answer is fatigue. The focus on one’s health in the aftermath of the pandemic saw a large part of the population take to an active lifestyle. Smartwatches that helped measure your daily calorie burn, step count, heart rate monitor and sleep pattern analysis, became a much sought-after accessory.

Indian automobile industry is at the cusp of a revolution and it needs to focus on customer service, after-sales and quality assurance, Union Minister Nitin Gadkari said on Wednesday. In a video message to the Auto Retail Conclave organised by Federation of Automobile Dealers Associations (FADA), Gadkari, the Minister for Road Transport and Highways acknowledged that automotive dealers play a key role in realising the government's mission of a self-reliant India. «The automotive industry is at the cusp of the revolution, and as we look to the future, it is critical that the sector continues to innovate, especially in areas like customer service, after-sales and quality assurance,» Gadkari said. The minister further said, «As a distributor of automobiles, you play a pivotal role in the government mission of 'make in India' and contribute significantly to realising our vision of self reliant India.»

Read this | Indian investors are discovering the power of factor investing Though it feels new, factor investing has been around for a long time. What’s changed is the rise of financial products, like factor-based indices and mutual funds, that explicitly follow specific factors. Historically, fund managers would optimize for different factors at various points in the market cycle.