India Financial News

While skipper Rohit Sharma will take charge of the squad from the front, the key highlight would be Pant who will return to the Indian Test squad after nearly 20 months for the two-match series against Bangladesh. Having played in the second and final Test against Bangladesh at Mirpur from December 22-25, 2022, Pant met a road accident a few days later on December 30 and made his return to top-flight cricket only in IPL this year. The 26-year-old swashbuckling batter returned to the national side in their title-winning campaign in the T20 World Cup.

investment management firm Arnya Realestates Fund Advisors is looking to raise over Rs 1,000 crore through its maiden real estate debt fund to invest across India’s top eight property markets. Arnya Real Estate Fund – Debt, with an additional green-shoe option of Rs 1,000 crore, will make early-stage growth investments predominantly in residential projects with some commercial component in these cities through structured debt, executives said. It has already secured commitments of Rs 375 crore from a diverse group of investors including domestic family offices, ultra-high net-worth individuals (UHNWIs) and HNIs.

Odisha chief minister Mohan Charan Majhi today announced that the state's second AIIMS will be built in Sambalpur. «The second AIIMS of Odisha will come up in Sambalpur, the State government has already placed a demand in this regard before the Centre,» Majhi at said the launch of the CM-KISAN Yojana at GM University auditorium in Sambalpur. The state got its first All India Institute of Medical Science (AIIMS) in 2014 during the UPA regime.

semiconductor manufacturing destination, a top Electronics and IT ministry official said on Sunday. In an interview with PTI, Ministry of Electronics and IT Secretary S Krishnan said pilot facilities of US storage semiconductor maker Micron and Tata Electronics have already rolled out chips, and their main plants in Gujarat will begin to produce made-in-India chips from the later part of 2025. «Globally, and thanks to geopolitical circumstances, there is an increasing realisation that semiconductors are a very important and strategic commodity, and therefore, we need substantial resilience in the production of semiconductors,» Krishnan said. The importance of resilience in semiconductors was underlined during the pandemic when many industries — including the auto industries, medical devices industries and other electronics, and consumer electronics industries — suffered because they did not have access to chips, which led to a belief that there should be greater diversification, especially for sourcing of semiconductors, he added.

Competition Commission of India has approved the National Investment and Infrastructure Fund's (NIIF) proposal to acquire an additional stake in Ather Energy. The deal was cleared by the competition watchdog under the green channel route. «The acquirer (India-Japan Fund) proposes to acquire certain Series G Compulsorily Convertible Preference Shares of Ather,» the regulator said in an order. India-Japan Fund (IJF) is a fund managed by NIIF. The fund focuses on investing in environmental sustainability, and low-carbon emission strategies and promoting investments by Japanese companies in India.

₹66-70 apiece, and the company is looking to raise a total of ₹6,560 crore from its primary stake sale, which includes a fresh share sale of ₹3,560 crore. To understand BHFL's market positioning and assess its prospects, we present a SWOT analysis.

AAP Rajya Sabha MP Raghav Chadha on Sunday said both Congress and his party are trying to forge an alliance for the Haryana elections by keeping aside their individual aspirations. Chadha said while the parties are yet to reach a consensus on the alliance, the talks are progressing in a «positive» direction and they are hopeful of a good outcome. He, however, added that the Aam Aadmi Party (AAP) will not proceed with the alliance «if there is no win-win situation». «The talks are happening in a positive atmosphere. Both parties are working towards contesting the elections together, prioritizing unity and the demands of the people of Haryana, while setting aside individual party and candidate aspirations,» he told PTI Videos.

shorturl.at/8Ze9p) has pointed out that during the 2024 Lok Sabha polls, the BJP’s share of postal ballots in these four states had reduced from its 2019 level, providing some indication of displeasure with the pension system. Postal ballots are mostly cast by senior citizens, persons with disabilities, government officials either on poll duty or serving in locations removed from their constituencies, consular staff in overseas locations and defence personnel. The sharp reduction in the share of postal ballots must have given the BJP think-tank a reason to pause and reconsider its considered stand on pension.

Gen Z cohort is assuming the centre stage in India's consumer markets by scripting «big shifts» in consumption trends, including the rise of quick commerce delivery and direct-to-consumer brands, according to a report by Bernstein. Brands are seeking a deeper connection with this digitally-native, app-first generation that 'swipes up' for practically everything from social media to ride-hailing and food delivery. Indian Gen Zs' are the world's largest, the report said about the cohort born into a digital age, that shops, works and eats online. Gen Z is the generation born between 1996 and 2010. Indian Gen Zs make up 20 per cent of the world and about 27 per cent of India's population, it noted.

iPhone 16 series, a blast from the past has captured the internet’s attention. A rare 1996 Apple Macintosh advertisement featuring Bollywood actor Samir Soni has resurfaced online and quickly gone viral, sparking a wave of nostalgia among tech enthusiasts and fans of vintage advertising.

Lance Naik Charan Singh (retd), a World War II veteran who served the Army for 17 years and received the prestigious Burma Star Award has turned 100. The Army celebrated his centennial birthday on Saturday at his home in Himachal Pradesh, marking a century of extraordinary life and service. Born on September 7, 1924, Singh's journey with the Army began on August 26, 1942, at Firozepur Cantonment, when he got enrolled in the Indian Army, a senior official said on Sunday. His distinguished military career saw him serve with the Army Service Corps during the World War II. His service took him from Singapore to Lahore and eventually to Yol Cantonment in Himachal Pradesh, he said.

Haryana Assembly polls, state AAP president Sushil Gupta confirmed that talks between the AAP and Congress were going on and the aim is to oust the BJP government. Sushil Gupta said, "Aam Aadmi Party is a disciplined party, being the state president of the party, I am making full preparations for 90 seats. Our workers are associated with the 'Parivar Jodo Abhiyan', Arvind Kejriwal's guarantee is going from village to village, our public meetings are going on… All the leaders are preparing to oust the BJP government with full readiness. It is true that talks of agreement (between AAP and Congress) are going on." He further said that leaders from BJP and other opposition parties are also in contact with him and AAP will try to accommodate them in this election.

As an Indian, my standards are so low that my idea of exciting urban development is a Nitin Gadkari tweet. I enjoy reading the plans of the minister for road transport and highways—his great projects, how he would punish Indians who don’t follow the law (this part especially), how he hopes to replace vehicular horns with the sound of Indian musical instruments, and how very soon road travel from Chennai to Bangalore would take only two hours. I did try to point out to him on X that right now Bangalore to Bangalore is two hours.

rains are sometimes called moga pavs in Goa. Literally this means “rains of love”, but my farmer friend explained an additional agricultural connection: “It is a very soothing and calm rain for plants and even humans.” June-July rains have damaging intensity, but these later showers embrace the plants. With moist soil and spells of bright sun, it is the perfect time to plant vegetable and fruit seeds. Rice for the kharif crop is planted earlier, since it flourishes in flooded fields, but now the shoots are vivid green, a reminder that this is a growing season. The festivals in this season celebrate growth. Rishi Panchami, which is today, is marked in Western India with a dish made of seasonal leaves and vegetables like those the sages might have foraged from jungles. Onam has its carpet made with freshly plucked flower petals and leaves. Ganesh Chaturthi in Goa has the matoli tradition — where a canopy of seasonal fruits and leaves, many gathered from the wild, is suspended over the Ganesh idol.

₹4.57 crore) investment is required to be eligible for Golden Visa. “Golden Visas are valid for 10 years and can be renewed thereafter. Once the requirements have been fulfilled, pending initial approval of the application, the successful applicant receives a six-month multiple-entry visa and travels to the UAE (United Arab Emirates) to apply for an ID card and undergo a medical check," explained Rohit Bhardwaj, country head – India and director private clients at Henley & Partners.

Parliament security breach accused wanted to discredit India's democracy, gain instant global fame, usurp power and achieve «richness and glory» by targeting the «very symbol of democracy», according to the chargesheet filed in the court by Delhi Police. The accused first met on social media and planned their move for nearly two years before executing it last year on the anniversary of the 2001 Parliament attack. According to the chargesheet, a source said, their first in-person meeting was held in February, 2022 at Mysuru. Citing from the chargesheet, sources told PTI, that in total they held five meetings in Mysuru, Gurugram and Delhi to decided finalise their plan and arrive at a modus operandi. The chargesheet, spread over 1,000 pages, was filed before the Patiala House Court in June and the court took its cognisance last month. A supplementary was filed in July.

Congress on Sunday said the SEBI investigation into «the Adani Group's brazen attempt» to bypass regulations is still languishing and the capital markets regulator has a lot to explain. Congress general secretary in-charge communications Jairam Ramesh's remarks attacking SEBI came after a media report which claimed that two Mauritius-based foreign portfolio investors (FPIs), who were mentioned in the January 2023 report on the Adani Group by short-seller Hindenburg Research, have petitioned the Securities Appellate Tribunal, seeking urgent relief from complying with SEBI's new foreign investor norms. «Two Mauritius-based foreign portfolio investors (FPIs), a part of the revelations in the still-unfolding Modani mega scam, have now petitioned the Securities Appellate Tribunal, seeking urgent relief from complying with SEBI's new foreign investor norms before the upcoming September 9th deadline,» Ramesh said. Both the FPIs are alleged to be violating rules that require investors to not be over-invested in a single stock, he said.

sports administrator Randhir Singh on Sunday became the first Indian to be elected as the president of the Olympic Council of Asia (OCA) during the 44th General Assembly of the continental body here. A five-time Olympic shooter, Randhir was the lone eligible candidate for the OCA president's post. His tenure will run from 2024 till 2028, and his election was unanimous. The 77-year-old Randhir has been the OCA acting president since 2021, filling in for Kuwait's Sheikh Ahmad Al-Fahad Al-Sabah, who was handed a 15-year ban from sports administration in May this year over ethics breaches. Randhir, who held different administrative posts in Indian and Asian sports bodies, was officially named OCA president in the presence of Sports Minister Mansukh Mandaviya and top sports leaders from all 45 countries of Asia.

Deepika Padukone and Ranveer Singh celebrated a significant milestone on Sunday as they welcomed their first child, a baby girl. The joyous news broke on the auspicious occasion of Ganesh Chaturthi, a festival renowned for bringing good fortune and removing obstacles, making the timing of their daughter’s arrival even more special. Earlier, on Saturday, the couple was seen arriving at Mumbai’s Reliance Foundation Hospital, accompanied by Deepika’s mother, Ujjala Padukone. The couple had previously visited the famous Siddhivinayak Temple in Mumbai to seek blessings from Lord Ganesha ahead of the birth. The temple visit was a heartfelt gesture to ensure a smooth and blessed delivery, and photos of Deepika in a green saree with her baby bump went viral on social media. Sources confirm that both mother and child are healthy, and the family is overjoyed with their new arrival. Although Deepika and Ranveer have not yet made an official announcement on social media, their happiness is palpable. Fans and well-wishers have been pouring in their congratulations, eager to share in the couple’s happiness.

Rajya Sabha MPs of opposition Biju Janata Dal quitting the party within one month and joining the BJP, a leader of the regional outfit called for introspection in the party while others claimed that it will have no impact on the BJD. The resignation of Mamata Mohanta and Sujeet Kumar from the BJD and joining the BJP, has come as a major blow for the regional outfit which ruled Odisha for 24-years. With the resignation of Mohanata and Kumar, BJD, which has no member in the Lok Sabha for the first time since its inception in 1997, now has seven MPs in the Rajya Sabha. Odisha has 10 Raya Sabha seats of which 9 were with BJD and one BJP's Ashwini Vaishnaw was elected to the Upper House of Parliament with the support of the BJD. The seven BJD Rajya Sabha MPs are — Sulata Deo, Sasmit Patra, Manas Mangaraj, Niranjan Bishi, Munna Khan, Debasish Samantray and Subhashish Khuntia.

cost of electric vehicles, will be issued by the ministry of heavy industries, the nodal ministry for the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme. These certificates will feature the Government of India’s logo, the subsidy amount, and a QR code linking to information about the FAME scheme and the customer's role in reducing the country's carbon emissions, two people with direct knowledge of the plans told Mint on condition of anonymity. “Many customers don’t realize how much of the discount (on their EV purchase) comes directly from the government," one of the persons cited above said.