India Financial News

Their assets under management (AUM) is expected to grow at a healthy clip of 40-45 per cent to cross Rs 60,000 crore this fiscal, as per the rating agency. By definition, the assets under management (AUM) is the market value of the investments managed by the entities.

Prakash Singh case. State governments have been loath to implement the order because it would mean political leaders relinquishing personal control over the coercive apparatus that they covet. As much as these structural reforms are desirable, we need to think of other politically feasible reforms that take us in the right direction.

market valuation of eight of the top-10 most valued firms got eroded by Rs 2,01,699.77 crore last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest laggards, in line with weak trends in equities. Last week, the BSE benchmark dropped 1,181.84 points, or 1.43 per cent. The market valuation of Reliance Industries tumbled Rs 60,824.68 crore to Rs 19,82,282.42 crore.

Rahul Gandhi, arrived in Dallas, Texas, on Sunday for his three-day US visit starting today. The Congress MP was welcomed at the airport by Sam Pitroda, Chairman of the Indian Overseas Congress, and members of the Indian diaspora. Rahul Gandhi expressed his anticipation for engaging in meaningful discussions to strengthen the bond between the two nations. He was greeted with bouquets and performed aarti upon his arrival in the US.

Also Read: Unified Pension Scheme: a suitable compromise for pensioners? The upcoming variant, the unified pension scheme (UPS), can halt states from reverting to OPS and instead shift to UPS. The UPS strikes a middle ground by reverting to a defined benefit system, but with some contribution from employees. For 2024-25, the Centre’s projected spending on pensions is ₹2.67 trillion.

Navdeep Singh made history by winning gold in a surprising twist at the Paris Paralympics. Originally awarded silver in the men's javelin throw F41 final, his medal was upgraded after Iran’s Beit Sayah Sadegh was disqualified due to unsporting behaviour. This victory is monumental, marking India’s first-ever gold in the F41 category of the event.

International Solar Alliance (ISA) announced the winners of the SolarX Startup Challenge 2024: APAC edition during the International Solar Festival held at the Bharat Mandapam in New Delhi. Building on the success of the Africa edition, which attracted 182 applications from 28 countries and produced 20 winning companies, including seven women-led ventures, the APAC edition continues this momentum by addressing the unique energy needs and opportunities within this diverse region. The SolarX Startup Challenge is designed to develop scalable and replicable business models that accelerate global energy transitions. The APAC edition, which also included a dedicated segment for India, highlighted ways to enhance solar deployment through localised solutions and entrepreneurial efforts across the Asia-Pacific. Ajay Mathur, Director General, ISA said in a statement, «This challenge emphasises our focus on developing scalable solutions tailored to the diverse energy needs of this dynamic region.»

India is gearing up for an exceptionally harsh winter, as forecasted by the India Meteorological Department (IMD). The IMD has pointed to the onset of the La Niña phenomenon in September 2024, which is expected to cause a significant drop in temperatures and increased rainfall across the country. La Niña, the cooler counterpart to El Niño, is characterised by lower sea surface temperatures in the equatorial Pacific, leading to widespread climate effects, including colder and harsher winters. According to the IMD's announcement on September 2, 2024, La Niña is likely to result in a severe winter. Typically, La Niña begins between April and June, strengthening between October and February, and can last from nine months to two years. It is driven by strong easterly winds pushing ocean waters westward, which cools the ocean surface. This contrasts with El Niño, which brings warmer conditions. Different regions in India are expected to experience varying degrees of winter severity. Northern states like Himachal Pradesh, Uttarakhand, and Jammu and Kashmir may see especially frigid conditions, with temperatures potentially falling as low as 3°C. Additionally, the combination of colder weather and increased rainfall could impact agriculture, particularly in areas that rely on winter crops.

Assam chief minister Himanta Biswa Sarma said that thegovernment has discussed on the recommendations of Justice (Retd) Biplab Sarma Commission, which was constituted by the Ministry of Home Affairs, Government of India, to implement Clause 6 of the Assam Accord. State government will in consultation with All Assam Students Union (AASU) will implement 52 by April 2025. Sarma said that there will be regular meeting with AASU. “There will consultation with sixth schedule councils and people in Barak valley. However, for implementing these recommendations in Brahmaputra valley we do not require any consultation with this bodies.” Assam government stated after detailed consideration, Cabinet has accorded approval to implement 57 out of the 67 recommendations made by the Commission. For the remaining 10 recommendations, in-depth discussions will be held with the Government of India. These recommendations will be applicable across the State except 6th Schedule areas and Barak Valley. In these regions, the recommendations will be implemented only after concurrence of the authorities and the people in those regions.

Nehru’s First Recruits: The Diplomats Who Built Independent India’s Foreign Policy, is a reminder that India’s foreign policy did not take shape in the hands of the current external affairs ministry, but has been built on a long legacy of a storied foreign service founded in 1948 by India’s first Prime Minister Jawaharlal Nehru. As the title suggests, Bhattacherjee’s book is about India’s very first diplomats, the men and women recruited to the Indian Foreign Service (IFS) in the first dozen years after independence who helped shaped an independent foreign policy for a country that had been a British colony for nearly two centuries.

TeamLease Services. Among the others, 17% will trim their employee count while 21% will keep it unchanged in the six months through September, the staffing firm said in a report. It noted a 5.62% net employment growth in these sectors. Among locations, Delhi led at 57% for employers expanding their workforce in existing job locations, followed closely by Bengaluru and Chennai at 53% each. Hyderabad and Bhopal topped the hiring list for new job locations with 20% each, followed by Bengaluru, Vadodara, and Jaipur at 19% each, TeamLease said.

celebrities are turning to the Copyright Act and the Information Technology Act to prevent abuse of their personality rights through generative artificial intelligence (AI), particularly deepfakes, in the absence of specific laws to combat this escalating concern. Legal experts say the proliferation of deepfakes, a type of generative AI, poses significant threats to the personality rights of celebrities. Deepfake content, generated by AI, appears genuine but is entirely fabricated. In a landmark intellectual property rights (IPR) case involving singer Arijit Singh, the Bombay High Court recently granted an ad-interim exparte injunction against multiple defendants, including Codible Ventures LLP, for the unauthorised use of AI and voice-cloning technologies to replicate the singer's voice.

The Eastern Band of Cherokee Indians began selling marijuana and cannabis products to any adult 21 or over starting Saturday at its tribe-owned dispensary in North Carolina

Silicon Valley’ have to do with a popular Korean streetside food? Bengaluru, the tech hub of India, has been trending for some time now thanks to its unique culture. The hashtag ‘Peak Bengaluru’ trended a lot on social media, which showed techies working on their laptops while travelling and juggling office work with shopping. A fresh trend called "Deep Bengaluru" has been gaining attention across social media platforms. The movement started with just one post. On September 2, Nikhil Velpanur, at the well-known ramen joint Naru Noodle Bar, responded to severe criticism. In his defense of the restaurant he adored, Nikhil proudly identified himself as a «deep Bangalorean» and mentioned that he had savored over 1,000 bowls of ramen there. “Seeing a lot of hate towards Naru Noodle Bar and arbitrary ratings pulled out of their hats with no credible analysis or justification. I’ve eaten more than 1,000 bowls of ramen and am obsessed with Naru Noodle Bar before it even had a physical location in the courtyard,” he wrote on X.

Paris Paralympic Games. As the campaign comes close to an end, here are five takeaways from Paris: ADOPT MORE SPORTS: There were 23 sports disciplines at the Paris Paralympics but the majority of India’s success came in just four — athletics, archery, shooting and badminton. In swimming, for example, there were 140 medals on offer, but India had just one participant. Clearly, there is immense room for improvement. India need to adopt other sports to win many more medals in Los Angeles in 2028. THERE IS A STORY: Paralympics are less about the medals and more about participants. Behind every medal or every athlete is a story. Dharambir Nain and Pranay Soorma won gold and silver respectively in the men’s club throw event. However, the disability quotient with them is so high that it is impossible to predict their performance. “They have no control over their bowel movements. They often pass urine while competing,” said Satyanarayana Shimoga, coach of the track and field contingent. “If they aren’t sitting in the perfect position, they can’t perform.” Unless you know their story, it is impossible to appreciate their success. “Prachi (Yadav) made the finals of her event despite a serious eye infection. We had to dress her eye every six hours. For her to play with the infection shows how resilient she is”, said Dr Ameya Kagali, medical head of the contingent.

open dialogue and warmheartedness. «There exist few problems, not many, between Nepal and India, and they can be resolved, if we maintain warm heart and open dialogue,» Oli said here at the launch of former administrator Surya Nath Upadhyay's book titled 'International Watercourses Law: A Perspective on Nepal-India Cooperation'. «India is our friendly neighbour and Nepal and India have rich cultures so we should have an open dialogue. The blame cannot be merely imposed on the geopolitical situation for our inability to speak openly. We should not be involved in any game meant for gaining and sustaining power,» Oli said. «Earlier, foreign relations were maintained and dominated by the country's strengths. After the IInd World War, a country should present its national interests reasonably and justifiably in line with international treaties and agreements.»

Jaishankar will on Sunday embark on a six-day visit to Saudi Arabia, Germany and Switzerland with a larger aim to boost overall bilateral ties and deliberate on pressing regional and global challenges. He will first travel to the Saudi capital Riyadh on a two-day trip primarily to attend the first India-Gulf Cooperation Council (GCC) foreign ministers' meeting, according to the Ministry of External Affairs (MEA). The GCC is an influential grouping comprising the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait. The total volume of India's trade with GCC countries stood at USD 184.46 billion in the financial year 2022-23. In Riyadh, Jaishankar is also expected to hold bilateral meetings with foreign ministers of several GCC member countries.

Renewable Energy (MNRE) on Saturday notified draft norms for an approved list of models and manufacturers (ALMM) for solar cells, which is proposed to be effective from April 2026, similar to that for modules which has worked like a non-tariff barrier for domestic manufacturing. The list for solar modules comprises models and manufacturers that project developers can buy equipment from. With installed capacity of solar photovoltaic (PV) cells in the country expected to increase substantially in the next two years, the government proposes to issue solar PV cells under ALMM from April 2026, according to the draft.

Swiggy on Saturday launched an initiative to provide skilling and employment opportunities within Swiggy's food delivery and the quick commerce network. The partnership will benefit 2.4 lakh delivery partners and staff of restaurant partners associated with Swiggy. The initiative will provide employment, internship and training opportunities for people in restaurant operations, and various aspects of retail management. Under the Swiggy Skills initiative, its delivery partner platform will be integrated with Skill India Digital Hub (SIDH), providing access to online skill development courses, certifications, and training modules to Swiggy's workforce.

Wockhardt has denied 'conflict of interest' and 'corruption' allegations made by the Congress party against Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch over rental payments made by its affiliate Carol Info Service, even as the Mumbai-based drugmaker is involved in multiple cases with market regulator, including that of insider trading. Wockhardt called the allegations 'baseless and misleading'. «It has come to our attention that there are certain allegations pertaining to payment of rent by Carol Info Services Limited and its connection with certain orders passed by SEBI in relation to the Company,» the company said in a statement to exchanges on Friday evening.

Reasons to buyReasons to avoidAlso Read: Best smartwatches under ₹30000 in India: Top 5 budget options that are stylish and are packed with featuresThe Amazfit Exercise Alexa-Enabled Smartwatch is a premium choice for those looking for a blend of style and smart functionality. With built-in Alexa support and advanced fitness tracking features, it's a versatile companion for everyday use.Reasons to buyReasons to avoidAlso Read: Best smartwatches under ₹25000 in India 2024: Top 5 picks that are stylish, functional and affordableThe Fossil Smartwatch with Snapdragon Wear is a premium offering for those seeking a blend of luxury and cutting-edge technology.