India Financial News

Tata Power Company Ltd.(up 6.59%), SJVN Ltd.(up 5.87%), Suzlon Energy Ltd.(up 5.00%), Ravindra Energy Ltd.(up 5.00%), GE T&D India Ltd.(up 4.91%), CESC Ltd.(up 4.67%), Hitachi Energy India Ltd.(up 4.08%), RattanIndia Power Ltd.(up 3.77%), Inox Wind Ltd.(up 3.19%) and NLC India Ltd.(up 3.03%) stood among the top gainers.

Dil-Luminati Tour (India) were sold out within minutes of release. The pre-sale opened at noon on September 10, offering early access to HDFC Pixel Credit Card holders, who enjoyed a 10 per cent discount on ticket prices. The 10-day tour is set to kick off on October 26 in Delhi and will visit 10 cities across India, including Hyderabad, Ahmedabad, and Bangalore.

There has been a marked increase in the number of income tax notices issued to taxpayers across India in recent months. These communications – on everything from defective returns to demands for additional taxes – have caused anxiety and confusion, especially among individual taxpayers. 

low-carbon transition can create potential distortions and trade tensions, the World Trade Organization (WTO) has said.

discounts on cars. Tata Motors recently reduced prices on its popular cars and SUVs by up to Rs 2.05 lakh.

ManipalCigna Health Insurance, a joint venture between Manipal Group and Cigna Healthcare, has appointed Richa Chatterjee its new chief human resources officer, effective September 2, 2024.

Vibhor Singhal, Director, Nuvama, says whenever a new tech trend pops up, industry experts seem to predict the end of Indian IT, almost like they're writing its eulogy. But time and again, these companies manage to rise from the ashes, leveraging these disruptions for growth. Gen AI will likely follow the same path. The next couple of years will be a testing ground filled with proof of concepts and smaller initiatives. However, as technology evolves and becomes more mainstream, and as businesses get a grip on its advantages and drawbacks, Indian IT firms will rebound and reclaim their market presence. The basic sectoral stance that you have on IT is doubling down on a positive stance. What is making you so positive? Vibhor Singhal: Our stance on the IT sector has been positive for the past two years. We have maintained that the demand environment remains quite strong, which is visible in the deal flow that we have seen over the past two years, despite the macro headwinds the sector has witnessed. What was missing in the sector was the deal flow to revenue conversion, which of course had multiple points, two of them majorly being the new deals being awarded were delayed in execution and the older deals that were there in the pipeline of the companies, the discretionary part of that was being put on hold.

Narendra Modi on Tuesday chaired the first governing board meeting of the newly formed Anusandhan National Research Foundation (ANRF), officials said. The meeting of the foundation, which will act as an apex body to provide high-level strategic direction towards scientific research in accordance with the recommendations of the National Education Policy (NEP), was attended by Education Minister Dharmendra Pradhan.

GCC) in Hyderabad, where it will be adding around 300 technology jobs by the end of next year.

Mint poll of 27 economists. Inflation was 6.8% in August 2023. While inflation would be below the Reserve Bank of India’s medium-term target of 4.0% for the second consecutive month, economists have cautioned against drawing conclusions based on the current trajectory.

Sarjapura is a small town lying at the very edge of the expanding Bengaluru metropolitan sprawl. It is geographically closer to the town of Hosur than to the centre of Bengaluru. Reaching it by car from Bengaluru airport can sometimes take close to three agonizing hours.

planetary defense.

IPO). The Kolkata-based company's initial share-sale will be available for public subscription from September 13 to September 18 and the bidding for anchor investors will open for a day on September 12, the company announced. The IPO comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of up to 54 lakh equity shares worth Rs 93 crore, at the upper end of the price band, by promoter Rajendra Sethia.

Khoon Goh, Head of Asia Research, ANZ, says every time the Fed embarks on a fresh easing cycle, the dollar tends to depreciate heading into not only the first rate cut but the second rate cut as well. So, I think there is a further downside in the dollar to come in the coming months. The dollar index continues to be fairly volatile. In fact, from those 106 levels, it is down to 101. Even the Indian rupee for that matter had weakened quite a bit and is almost at the lowest point. What is your sense as to where the dollar is headed next? Khoon Goh: Overall, I am still bearish on the US dollar. I believe the dollar is clearly on a downtrend on the back of expectations that the Fed will start its easing cycle next week. And when we look at history, every time the Fed embarks on a fresh easing cycle, the dollar does tend to depreciate heading into not only the first rate cut but the second rate cut as well. So, I think there is a further downside in the dollar to come in the coming months.

Coal India Ltd. is planning to invest about 670 billion rupees ($8 billion) to build coal-fired power plants close to its mines, signaling the fast-growing economy will remain reliant on the fossil fuel for decades to come.

₹15,000 from last year.Also Read | iPhone 16 launch: iPhone 15 Pro to iPhone 13, top Apple products discontinued this yearHowever, the big question after the launch of the new iPhones is whether these new devices are cheaper to buy in India or abroad like the US, Japan, UAE and more. To help make that decision, we have compared the prices of the iPhone 16 series in different countries.iPhone 16 and iPhone 16 Plus start at the same price as last year, at ₹79,900 and ₹89,900 respectively.

wealth management in India to tackle the intensely competitive environment, ET has reported based on information from sources.

Dabur has hit a new all-time high, aligning with the broader bullish trend in the FMCG sector. The stock broke through its technical resistance level of ₹600 and surged to ₹662 before undergoing a retest. It successfully formed an inverted head-and-shoulders pattern, which is a strong bullish reversal signal.

Lollapalooza India 2025 will return with a two-day musical event on March 8 and 9, 2025. The organisers unveiled the star-studded line-up on Tuesday, featuring global headliners and rising talent. The multi-genre festival promises a diverse array of performances across four stages, spanning 20 hours.

«Various companies are implementing massive projects across the country on green. So far as green is concerned, the discourse has actually changed to 24 by 7 green power, which means the conversations are now about storage,» says Vinayak Chatterjee, The Infravision Foundation. My next question is perhaps based on what you also flagged off right now, which is that new sectors are taking over. Old sectors or traditional sectors are taking a backseat. But the analyst in Bombay also focuses on two big sectors, which is steel and cement. Now, if the new sectors are taking over, old sectors from a private sector capex standpoint, they could take a backseat. So, do you think indirectly, it could have impact on steel and cement demand also, which should grow ideally when the economy is booming, but which may not grow because of new capex? Vinayak Chatterjee: Now, unfortunately, I have to agree with you again.

Poor roads, hazardous air quality, a lack of public infrastructure, and women’s safety issues drove Saurabh Arora and his wife Shubhangi Datta to leave India in 2022. Australia’s relatively lenient permanent residency rules and superior quality of life made it the perfect destination. But after just two years of living in Melbourne, the couple is already thinking about moving back.