India Financial News

bank deposits has been a matter of concern, particularly as growth in private credit has outpaced deposits for the last two years. This has largely been attributed to a decline in household savings, a shift to physical savings, or even a shift to alternate financial savings like mutual funds.

National Clean Air Programme (NCAP) have improved air quality. Impressively, 21 of these cities have cut PM10 pollution by over 40% compared to 2017-18 levels, achieving the target two years ahead of schedule. India launched NCAP in 2019 with an aim to reduce particulate pollution by 20-30% by 2024, using 2017 as the base year.

SEBI) and the country’s two stock exchanges –National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), the Supreme Court on Monday set aside a Bombay High Court order that imposed a cost of Rs 80 lakh on them for “illegally” freezing the demat accounts of two Mumbai residents Dr Pradeep Mehta and his son Neil Pradeep Mehta. Their demat accounts were erroneously frozen in 2017 as Pradeep Mehta happened to be one of the promoters of Shrenuj & Co at one point of time. Shrenuj could not file its quarterly earnings for April-June, July-September and October-December in 2016.

Indian Renewable Energy Development Agency (IREDA) on Monday said it has inked initial pacts with SJVN and GMR Energy for the development and implementation of the 900 MW Upper Karnali hydro-electric project in Nepal. This collaboration aims to enhance regional energy security through the development of renewable energy infrastructure, a statement said.

Elon Musk, the founder of SpaceX, Tesla, and the social networking company X, has the potential to become the first trillionaire in history by 1027. Informa Connect Academy, a wealth tracking organization, released a new analysis that produced this finding. The pace of growth in Musk's fortune has been 110% annually. Upon the publication of the report, the Bloomberg Billionaires Index listed him as the richest person in the world, owning $251 billion, as per the reports of The Guardian. Other people who might become trillionaires were also highlighted in the research. If Gautam Adani, the founder of an Indian business empire, continues to grow at his current rate of 123% every year, he may become a trillionaire by 2028. If their present growth continues, Prajogo Pangestu, an Indonesian oil and mining magnate, and Jensen Huang, the CEO of tech company Nvidia, may also reach the trillion-dollar threshold in 2028. By 2030, two individuals are predicted to become trillionaires: Mark Zuckerberg, the CEO of Meta, and Bernard Arnault, the head of LVMH Moet Hennessy Louis Vuitton.

Direct selling company Amway India on Monday announced an investment of $4 million in four research and development labs across India. Amway India, ultimate wholly owned subsidiary of the US $ 7.7 billion Amway Corporation, said in a statement that the investment would be infused on strengthening scientific capabilities and support in health and wellbeing. Rajneesh Chopra, managing director, Amway India, said: “There is a need for a transformative approach to nutrition and wellness in India, as the health landscape here faces significant challenges related to nutrition, lifestyle and gut health.”

₹12.91 apiece. Even when it has been working overtime to get its act together—by raising more than $2 billion, for instance—it just doesn’t seem to be enough. The stock’s plunge on Friday was prompted by a gloomy report by the equities research wing of Goldman Sachs’ brokerage arm in India, which predicted an 83% downside for Vi shares from the previous day’s close.

Electric Mobility Promotion Scheme (EMPS) till the launch of the third edition of its flagship incentive scheme FAME (Faster Adoption and Manufacturing of Electric Vehicles), Union Minister for Heavy Industries H D Kumaraswamy Monday said. EMPS was scheduled to be in force till Sep 30. But the announcement for benefits to support adoption of e-mobility is likely to take another two months, Kumaraswamy said recently, necessitating an extension. “It will be extended till FAME comes,” Kumaraswamy said at the 64th Annual Session of the Automotive Component Manufacturers’ Association (ACMA).

₹49,999. The new phone is one of the most affordable foldable phones in the country while boasting of some nifty features like 6.9-inch internal pOLED display and a 50MP primary sensor.Motorola Razr 50 is priced at ₹64,999 for the single 8GB RAM/256GB storage variant.

Electric two-wheeler maker Ather Energy on Monday filed preliminary papers for its initial public offering (IPO) with capital markets regulator Securities and Exchange Board of India (Sebi). This comes weeks after the successful market debut of its main rival Ola Electric. ET had reported on September 6 about Ather's IPO plans. Here are key things to know:

exports could increase to over Rs 80,000 crore in the next four years provided the industry is facilitated with conducive environment, according to a report by AFCI and EY. A report by Industry body Agro Chem Federation of India (ACFI) and EY titled 'Indian Agrochemical Industry: The Story, the challenges and the aspirations' noted that the exports of agrochemicals stood at Rs 43,223 crore in the 2022-23 fiscal. «India's Agrochemical exports outweigh the domestic consumption of the same. The Indian exports by agrochemical industry have witnessed commendable growth in recent times,» said the report which was released at the 7th AGM of ACFI held recently. ACFI said that the government must focus on facilitating a conducive environment which includes streamlining licencing norms and improving infrastructure for storage and sale, incentivise biopesticide production, streamline registration process for new molecules, enter trade agreements with countries with more relaxed MRL norms, introduce PLI-like scheme to attract investment from global players.

gender-based violence persists across sectors—civic life, business, entertainment, and politics. Legislative attempts to curb sexual violence have been made. The Criminal Law (Amendment) Act of 2013, passed after the 2012 Delhi rape case, aimed to tighten laws against sexual violence.

BMW has expressed reservations about investing under India's new electric vehicle (EV) manufacturing policy, citing concerns over the lack of recognition for companies with a long-standing presence in the country. According to Vikram Pawah, President of BMW India, while the policy supports the EV market, it overlooks the contributions of established players like BMW who have been operating and investing in India for years. Pawah explained that the current policy does not create a level-playing field, as it treats new entrants and existing companies alike without considering the latter's prior investments in the country. “The threshold for investment should have been different for a new player versus someone who has already been here. We want our previous investments to be recognized… We need a level-playing field,” Pawah told The Times of India. BMW is among a growing number of companies that are reluctant to engage with the policy, which was introduced in mid-March 2024 to entice foreign carmakers, notably Tesla, to invest in India's burgeoning EV market. However, Tesla remains hesitant, and many other multinational firms, including BMW, have not been enthusiastic about the policy’s current framework.

₹344.1 crore after having not handled any business in 2022—chiefly on account of getting more business from the Adani conglomerate. Incidentally, Rakesh Ramanlal Shah, chairman and managing director of Diamond Power Infrastructure, is the brother-in-law of Gautam Adani, India’s second-richest person. Shah, 71, is married to Priti, sister of Gautam Adani.

hyper-growth stocks in India, a few names consistently pop up on investors' radars. One company that has grabbed headlines is Dixon Technologies, and it’s easy to see why. As India’s economy booms and Production Linked Incentive (PLI) schemes provide tailwinds, Dixon has emerged as a frontrunner in the Indian manufacturing story.

youngsters who are trading at a very fast pace and losing money. Now, here’s a fourth data point to suggest that it doesn’t seem to be bothering them, given that they continue to trade in derivatives in their search to make quick and more money. A recent research note published by ICICI Direct, a stock brokerage, points out that in March 2024, the monthly turnover of futures and options in India reached $1.1 trillion, from $27 billion in March 2019, a jump of close to 4,000%.

Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says Larsen &Toubro is a fantastic story with a strong tailwind behind it, whether it is construction, infra, domestic, or international including hydrocarbon, it has got a long way to go. So, correction is a buying opportunity. The other share is Reliance. If there is further correction, it is worth looking at. From a long-term investor's point of view, Reliance with correction is a good buy. Would you say that Friday’s fall seems more global? Sudip Bandyopadhyay: Well, definitely it is global. Since Monday, global markets have been correcting and we have been holding somehow from Monday till Thursday. On Friday, Indian markets also took a beating. There are fears around the US non-farm payroll data, which comes out in the evening and there is a bit of nervousness. Also, supposedly there is little concern about the non-compliant FIIs exiting Indian markets because from Monday onwards, they either have to be compliant or shut shop. So, there is a bit of confusion around that. Not sure what is the impact exactly.

Foreign investors infused nearly ₹11,000 crore in domestic equities in the first week of the month owing to resilience of the Indian market and expectations of rate cut in the US. Foreign Portfolio Investors (FPIs) have been consistently buying equities since June. Before that, they had pulled out funds to the tune of ₹34,252 crore in April-May.

Also read | Govt revises advertisement rates for private FM radio The core issues revolve around the licence fee structure and rising operational costs. FM players have long argued that the system needs an overhaul and that the licence fee should be capped at 4% of gross revenue across the board. The Association of Radio Operators for India (AROI) suggested last year that the annual licence fees be delinked from NOTEF, urging the government to amend Clause 6.1 of the Phase III Policy Guidelines accordingly.

These Indian Warren Buffetts are the ones who are known widely for their value investing approach and long-term vision. When they pick stocks, it sends the investor circles and Whatsapp groups in an overclocking mode. So, it makes sense to know about the stocks these Indian Warren Buffets are betting big on, especially now that the Sensex is continuing its bullish run.

the topic of discussion among analysts and foreign investors. In a recent report published on 29 August, global brokerage Bernstein presented 10 valuation-based stock ideas to navigate the market hysteria as valuations do not seem to concern individual investors. Bernstein’s view on the Indian markets is to navigate cautiously.