India Financial News

BCG index). India, on its part, has a relatively inexpensive but strong talent pool in software engineering, industrial equipment and IC design, and is home to over 2,000 semiconductor design engineers.

Moving Forward, the upcoming FOMC meeting, scheduled for mid-September, is drawing significant attention, with widespread expectations that the Federal Reserve will cut interest rates. Domestically, investors will be closely watching the rupee's movement against the dollar, crude oil prices, and the investment trends of foreign portfolio investors.

Wall Street's staunchest supporters, with hopes for a turnaround fading in the world's No. 2 economy. Over the past two weeks, long-standing China bulls UBS Global Wealth Management, Nomura Holdings Inc., and JPMorgan Chase & Co. have all downgraded the country's equities, citing concerns ranging from the property-led demand slump to piecemeal stimulus measures and geopolitical tensions ahead of the US elections.

US India Strategic Partnership Forum spoke with ET on potential of the partnership and what to expect from the meeting of top military manufacturers, startups and venture capital firms that are gathering at the Stanford university to identify future military challenges, emerging disruptive technologies and jointly develop solutions for the armed forces. Particular interest is expected in startups that have focused on Artificial Intelligence, cybersecurity and autonomous systems. The summit will take forward the top level Initiative on Critical and Emerging Technology (ICET) initiative signed between the two nations. Question: What is the idea behind the INDUS-X summit and what outcomes are hoped to be achieved? Mukesh Aghi, President USISPF: This edition of INDUS-X is themed “harnessing investment opportunities to enhance cross-border defense innovation ecosystems". It is an exciting intersection since this is the first time INDUS-X is being hosted at Stanford and Silicon Valley, which will be the link for startups and VCs with the defense industry and policymakers and fortify defenses in the 21st-century era of autonomous weapons and new threats.

Bajaj Housing Finance (BHF), which is open from September 9 to September 11, has reserved equity shares aggregating up to ₹500 crore under the shareholders' quota. Shareholders of Bajaj Finance and Bajaj Finserv benefit as they can make two applications in the IPO. Here is how they can make the best of it. Who is eligible to apply under the shareholders' quota ?

Paris Paralympics came to a close with a glittering closing ceremony on Sunday. Starting off the ceremony, French singer Santa performed Johnny Hallyday's iconic track «Vivre pour le Meilleur». Several video sequences and images from the previous three Paralympic Games accompanied her melodic voice. However, the couldron flight was not happening due to weather conditions.

Congress leader Sam Pitroda, while addressing the Indian diaspora in Texas, said that his party leader Rahul Gandhi has a vision contrary to what BJP promotes and that he is not a "Pappu". «He (Rahul Gandhi) has a vision contrary to what BJP promotes by spending crores of rupees. I must tell you, he is no Pappu. He is highly educated, well-read, a strategist with deep thinking on any subject and sometimes it is not very easy to understand him,» Pitroda said. Chairman of Indian Overseas Congress, Pitroda said that Gandhian thoughts, inclusion and diversity were at the core of his (Pitroda's) learning.

Hexaware Technologies has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹9,950 crore through an initial public offering (IPO). The IPO will entirely be an offer for sale from CA Magnum Holdings, an affiliate of private equity firm Carlyle Group. Hexaware is a global digital and technology services company with artificial intelligence (AI) at its core. It offers five broad services — design & build, secure & run, data & AI, optimise, and cloud services. Hexaware was delisted from the Indian bourses in 2020.

iPhone 16 series will be available across the world within the first few days of the launch of sales, multiple people familiar with the matter told ET. Apple is scheduled to unveil the latest range on Monday and worldwide sales are likely to begin within 10-12 days. Foxconn has commenced production of the iPhone 16 series in India, to be exported and made available in multiple cities and countries, officials said.

ecommerce and forex trading portals, following investigations by the Enforcement Directorate (ED), said people aware of the matter. They include OctaFX, Fairplay, Magicwin, Mahadev Online Book and 30 others, operated by promoters located in Spain, Dubai, Russia and Pakistan.

New Zealand will aim to exploit Afghanistan's relative inexperience in red-ball cricket, in the one-off Test starting here from Monday, and gather momentum ahead of their upcoming World Test Championship challenges in the sub continent. New Zealand's first-ever Test against Afghanistan will kick off a challenging couple of months for the Black Caps who play six long-format matches on the bounce in the subcontinent, something they haven't done in 40 years. With their underwhelming subcontinent record in mind (40 losses in 90 matches), New Zealand would want to hit the straps straightaway.

Amit Shah on Sunday said Parsis have made silent but immense contribution to India's development, and lauded the role of Gujarati newspaper Mumbai Samachar in that journey. Speaking after releasing documentary film 'Mumbai Samachar- 200 Not Out', which chronicles the remarkable 200-year journey of Asia's oldest newspaper, Shah said the Camas, who run it, exemplify journalism of trust. «We must respect Parsi families like the Camas, who still speak Gujarati and run a newspaper in the language. I want to say to those who fight for the rights of minorities that if there is any true minority among minorities, then it is the Parsi community. Without ever struggling for rights, they have lived their lives focussing on their duties,» Shah said. Without ever making any demand, they have contributed to every field, he added. They did their duty in fields like governance, industry, Information Technology, fintech, atomic science as well as winning the war that gave birth to Bangladesh (an apparent reference to Field Marshal Sam Manekshaw), Shah added.

advertising giant Dentsu sees India as vital not just for its revenue potential but also for its contributions to technology and innovation, and to support its growth strategy, the company is considering acquisitions in sectors like artificial intelligence (AI) and tech, top executives told ET. «We have partnerships with Google, Meta and TikTok where we jointly develop AI propositions together so it's not a side hustle, it's very integrated into the way that we do business,» said Amanda Morrissey, chief growth officer-media-at Dentsu and global president of iProspect. India is a big part of Dentsu's global strategy, and the company is keen to leverage India's tech and creative talent, she said. The agency employs between 9,000 and 10,000 people in India across client-facing and outsourcing businesses.

private equity (PE) and venture capital (VC) investors more equal than others? The capital market regulator has asked several funds to reveal the names of investors who have been offered beneficial terms by the funds and have representation on the funds' investment committees. Many PE and VCs — or, alternative investment funds (AIFs), the regulatory term for such pooled vehicles — have been told to spell out the details of these differential rights given to certain investors. In a communique to many AIFs about a week ago, the Securities & Exchange Board of India (Sebi) asked fund managements to submit documents like 'side letters' and 'contribution agreements' that provide special rights to investors. The regulator may compare a side letter, which is an agreement between a fund house and some investors, providing rights and obligations which are outside the standard investment document, with the fund's private placement memorandum (PPM) — the disclosure document used for fund raising through private offering.

RBL Bank 'Xtra Credit Card' customers will be saving 8.5% on fuel purchases, the highest in the segment as compared to other co-branded fuel credit cards in the industry, said senior officials of Indian Oil Corporation (IOCL). RBL Bank, after its partnership with IOCL, is expecting its credit card portfolio to moderately grow by 12-15% during the current fiscal year, compared to the industry growth of 20-25%. The bank has a current market share of 5.04% of the total outstanding credit cards, according to data from the Reserve Bank of India.

Green Hydrogen Certification Scheme of India. The Bureau of Energy Efficiency would be the nodal authority to accredit agencies for monitoring, verifying and certifying green hydrogen projects, as per the draft. The ministry is seeking suggestions from stakeholders by September 27. The scheme will be able to provide clear guidelines for calculating greenhouse gas emission intensity during production of green hydrogen and establish the certification procedure as a guarantee of origin, it said.

Realty firm Signature Global has given ₹1,144 crore construction work order to Ahluwalia Contracts for development of its luxury housing project in Gurugram. The project, 'De-luxe DXP' is located in Sector 37D, Dwarka Expressway, Gurugram. Spread over 16.65 acres, the housing project has 1,008 units. The total developable area is 28.12 lakh square feet, Signature Global said in a statement on Sunday.

festive season including lower interest rates, free insurance and longer repayment tenures. Experts said India's auto industry is saddled with nearly '80,000 crore worth of inventory. Tractor sales, which tend to pick up after good crop yield and farm product sales, have fallen over the last two months, making lenders with growing exposure in rural markets tread with caution. The rural areas account for a sizable chunk of sales for two-wheeler maker Hero Motocorp, and car makers Maruti Suzuki, Mahindra and Mahindra and Tata Motors, the leading sellers in these markets.

Cell Broadcasting Solution (CBS) at pan India level that will alert mobile phone users with a sound whenever there is a disaster alert, said officials. The facility will be part of Common Alerting Protocol (CAP) run by DoT on behalf of the MHA during natural disasters such as flood, earthquakes, landslides among others, they added. A senior government official further explained, «CAP is an SMS based alert protocol which takes data from government scientific agencies like IMD, CWC, NCS and issues real-time alerts to citizens in the Area of Concern such as track of a cyclone, as SMS on their mobile phones,» explained a senior official. The implementation of CBS will help in mitigation of human lives and livestock in remote parts of the country. "

IndiGo plans to significantly expand its international reach and enhance its cargo operations in the coming years as part of a broader strategy to position India's largest airline as a leading global airline by 2030, chief executive Pieter Elbers said. Speaking exclusively to ET, Elbers said the airline plans to grow its international destinations to 40 from 20 by the end of the current financial year through March 2025, targeting emerging markets that are not yet well-travelled by Indian passengers. He did not comment on specific destinations, but sources suggest that new routes could include Mauritius and Al Ain.

New Delhi: Talks on a free trade agreement (FTA) between the UK and India is expected to resume next month after a “comprehensive review" of progress so far by the two sides, two people aware of the matter said, with subjects like migration and mobility put under the scanner by the new Labour government led by Prime Minister Keir Starmer. "The fourteenth round of FTA negotiations, stalled due to the general elections in both countries, will kickstart again next month, now that elections are over and new governments have taken charge," said the first person mentioned above, speaking under anonymity. "Both sides are hoping for a quick completion of the FTA.