India Financial News

₹600 crore to ₹1,500 crore." Peak XV-backed Awfis listed in May this year. The company raised ₹599 crore selling shares in the range of ₹364- ₹383 apiece. Since then, its stock has doubled and closed at ₹757.20 on the National Stock Exchange on Monday.

Economic Survey 2024: Farmers should move to high-value agriculture to increase income “We need to reimagine the role of agriculture in the economy. In field crops, which are grown on 94% of our land, growth hasn’t even been 2%. So, the segment that is driving growth is not benefitting all farmers.

Madhabi Buch has maintained her complete silence for weeks on all of the emerging issues. «Buch has maintained her complete silence for weeks on all of the emerging issues,» said the shortseller in a post on X. In reaction, Hindenburg said «New allegations have emerged that the private consulting entity, 99% owned by SEBI Chair Madhabi Buch, accepted payments from multiple listed companies regulated by SEBI during her time as SEBI Whole-Time Member. The companies include: Mahindra & Mahindra, ICICI Bank, Dr. Reddy’s and Pidilite. These allegations apply to Buch's Indian consulting entity with no details thus far on Buch's Singapore-based consulting entity.»

Reserve Bank of India (RBI) has been carrying out a nimble balancing act over the past couple of months to ensure exchange-rate stability, supplying dollars in a broader trade deficit environment, but not allowing the rupee to breach the psychologically crucial 84 mark to a dollar. Over the past month-and-a-half, the rupee has hit new lows versus the dollar on several occasions as speculation about a growth slowdown in the US has sparked risk aversion, weakening global investor appetite for emerging market currencies.

Tata Motors, which has slashed prices on some of its popular vehicles by up to ₹2 lakh. Other manufacturers and even financiers have laid out schemes to draw customers.

₹2,700 crore. I Squared Capital has also set up a climate solutions platform—Hexa Climate Solutions—with Amplus founder Sanjeev Aggarwal wherein the New York-based private equity fund will invest around $500 million.

₹2,000. (100 basis points make up one percentage point). Interchange refers to the fee paid on every transaction to the bank offering credit.

Mint has seen a copy of the Axis Bank contest announcement as well as relevant portions of the regulator's observations. “We are proposing a contest to build momentum, particularly in Q2 and Q3 — which is (the) most challenging period of the year — for the overall business and to motivate the sales team to deliver superlative performance during (the) contest period," an Axis Bank internal note said in October.

₹7,822 crore, saw its institutional business grow 24% year-on-year. LT Foods exports rice to more than 60 markets, including the US, Europe and the Middle East. BSE-listed rice processor KRBL Ltd, which sells basmati rice under the India Gate brand, said demand for bulk packs of basmati rice outstripped demand for consumer packs last fiscal.

India and the UAE have inked a pact that provides a framework for giving services for operation and maintenance of nuclear plants in the emirate. The Memorandum of Understanding was signed by Bhuwan Chandra Pathak, Chairman and Managing Director of the Nuclear Power Corporation of India Limited (NPCIL), and Mohamed Al Hammadi, the Managing Director and Chief Executive Officer of the Emirates Nuclear Energy Corporation (ENEC) of the UAE. The MoU was inked during the ongoing visit of Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to India. Al Nahyan held talks with Prime Minister Narendra Modi on Monday.

Condoleezza Rice has said. There is a need to move away from a “loyalty test every five minutes” about who is meeting with whom, she said at the Indus X (India-United States Defence Acceleration Ecosystem) summit to promote joint defence innovation at Stanford University. Rice acknowledged that there is a historical relationship that India has with Russia when it comes to weapon systems and the Pentagon needs to do more to leverage ties with India.

Narendra Modi assured the CEOs of semiconductor industry that his government will follow a “predictable and stable” policy regime even as he emphasized that India has the wherewithal to become a reliable partner in the diversified semiconductor supply chain. Ahead of the Semicon India conclave, the prime minister chaired on Tuesday a Semiconductor Executives Roundtable in which he underlined that democracy and technology together can ensure the wellbeing of humanity. He gave assurances to the CEOs that India will provide a conducive environment for growth in the semiconductor sector. “The Indian government will follow a predictable and stable policy regime. With the focus of Make In India and Make for the World, the government will continue to support the industry at every step,” Modi said, according to officials.

BJP on Tuesday reacted strongly to Congress leader Rahul Gandhi's remarks regarding the Sikh community facing trouble in India. Union minister Hardeep Puri said Sikhs have never felt safer in India as they feel now. «He (Rahul Gandhi) says that Sikhs are facing troubles in wearing 'Turban' and 'Kada' in the country.

With this, the party has announced candidates for 87 out of 90 assembly seats. It is yet to announce candidates for Sirsa, Mahendergarh and NIT Faridabad.

India is not the 'West'. This is a USP it must use with Palestine — and Israel — to tell both warring parties to cease fire for the sake of their own sake. New Delhi has greater dealings with Tel Aviv of late.

S Jaishankar on Tuesday said India is open to pursuing business with China, but the question is in what sector and under what terms. He was speaking in Berlin at Germany's annual ambassadors' conference. Jaishankar stated that China was the world's second-largest economy and a premium manufacturer.

Air India SATS Airport Services Private Limited (AISATS) on Monday unveiled India’s first luxury tarmac coaches exclusively for First and Business Class travellers at the Indira Gandhi International Airport, Delhi. Designed to offer ultra-comfort, the coaches feature premium amenities like plush seating, ample legroom, and air conditioning, ensuring a seamless transfer between the terminal and aircraft. Three such electric coaches have been introduced for Air India flights, with plans to extend the service to other airlines.

Amit Shah on Tuesday said that from «need to know» to «duty to share» is the need of the hour for developing a resilient cyber infrastructure as India accounts for 46% of world's digital transactions. Addressing the gathering at the first foundation day of Indian Cyber Crime Coordination Centre (I4C), he said cybersecurity is an integral part of national security. Cybercrime has no boundaries, he said, and hence, it is imperative that all stakeholders come together to deal with the menace. The home minister said the government is planning to train 5,000 cyber commandos over the next five years to deal with cybercrimes in India.

They are ideal for treating water with low to moderate levels of contamination. In this guide, we’ll explore the best UV water purifiers available, highlighting their features, benefits, and what makes them stand out as reliable options for maintaining water safety and purity.

Air India Express, which is set to complete the merger of AIX Connect with itself next month, will phase out business class seats in its aircraft in 2025, according to a senior airline official. Currently, the carrier, part of Tata Group, has a fleet of 85 aircraft — 25 A320 family planes and 60 Boeing 737s. By year-end, the total number is expected to be around 100. The airline has 34 white tail Boeing 737-8 aircraft and out of them, 29 have business class seats of varying numbers. Their count will rise to 50 by the end of this year. Generally, white tail planes are those that were originally manufactured for a particular airline and later taken by another airline.

Under this collaboration, IBM and L&T Semiconductor Technologies said they anticipate focusing on innovation, functionality, and performance to enable reliable, secure, and scalable compute for a range of applications. They said this work would be supportive of India’s ambition to create semiconductor technologies that are competitive in the global market. “This is one of the most exciting times in the history of technology, specifically India's semiconductor tech ecosystem. Semiconductors are changing how all industries operate and reimagining how conventional architecture is being designed and used. The goal of our work with IBM is to harness our cutting-edge semiconductor design technology and IBM’s advanced processors to forge next-gen technology products,” Sandeep Kumar, CEO, L&T Semiconductor Technologies said in a statement.