India Financial News

India is set to host the crown prince of Abu Dhabi, Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, early next week as it seeks to cultivate the next generation leadership in the key Gulf state. Sheikh Khaled, the eldest son of UAE President Sheikh Mohammed bin Zayed, has been groomed for leadership through his membership of the Abu Dhabi Executive Council and the main national security body since 2016. In 2016, he was appointed head of national security. In January 2017, he was named the deputy national security adviser. In March 2023, he was appointed as the crown prince of Abu Dhabi, which holds the president's post since the creation of the UAE.

MPV’s interior showcases its premium design, highlighted by leather-clad captain seats and power-operated doors. As per HT Auto, some of the key features expected in this model include a pair of 12.3-inch digital displays for both the instrument cluster and the infotainment system, complete with wireless Apple CarPlay and Android Auto support.

West Bengal Governor CV Ananda Bose has sent the newly passed Aparajita Bill for consideration of the President of India after receiving the mandatory technical report from the West Bengal government. “On receipt of a mandatory technical report from the West Bengal government, the Governor has referred the Aparajita Bill for consideration of the President of India,” a Raj Bhawan statement said. The West Bengal state assembly passed a new bill, named Aparajita Women & Child (West Bengal Criminal Laws Amendment) Bill, 2024, on Tuesday.

labour ministry on Friday urged states to undertake labour reforms and expedite two-way integration of data for unorganised workers with the e-Shram portal for enabling easier access to central social protection and welfare schemes to them. Chairing the second regional meeting with states in Chandigarh, Shobha Karandlaje, minister of state for labour and employment, highlighted the critical need for labour reforms to make India the world’s largest economy by 2047, the ministry said in a statement issued after the meeting. “Our nation should transcend the colonial legacy in the existing labour laws which have originated in the pre-independence era. Therefore, the government has modernized, simplified and harmonized 29 labour laws into four Labour Codes,” she said.

Rajasthan, and West Bengal. The government provided ₹6,500 crore for electrification work in the budget for FY25 which also includes unused funds from the previous year, one of the persons quoted above said. A query sent to the railway ministry remained unanswered till press time.

₹3,788 crore in 2022-23 from ₹1,502 crore a year earlier. Its losses narrowed to ₹64 crore from ₹102 crore in FY22. Hariharan's potential move to the beverage giant follows a series of recent senior appointments at Coca-Cola.

Infra lender National Bank for Financing Infrastructure and Development (NaBFID) has said that lack of data on the sector is making it difficult for them to convince the regulator about the need for higher provisioning for project loans in the sector. «For retail, there is credit bureau but similar thing in infra is not available But for the credit bureaus, where would have been the fintechs» said NABFID MD and CEO Rajkiran Rai ." Nabfid is a new organistion and when we were looking at pricing, we were looking for numbers (on losses). Nowhere is it available. Whatever is available is lopsided data, is not correct data" «When we were looking at pricing, we were looking for numbers (on losses). Nowhere is it available. Whatever is available is lopsided data, is not correct data. But for the credit bureaus, where would have been the fintechs. Such data is not available for the infrastructure sector» said NABFID MD and CEO Rajkiran Rai indicating that the sector does not have end to end data like retail or MSMEs .

ministry of road transport and highways has constituted an expert panel to technically review all long tunnel projects before the proposal is submitted for approval, the move aimed at avoiding a repeat of Silkyara tunnel like mishap. The notification, dated September 6, will apply to all tunnels with length more than 1.5 km. The enhanced scrutiny related provisions are being put in place as the ministry plans to build 74 new tunnels stretching 273 km at a cost of Rs 1 lakh crore over the next few years under its mega plan to strengthen India's highway network. As per the notification, the ministry has set up an advisory panel comprising experts from Oil and Natural Gas Corporation (ONGC), Rail Vikas Nigam Limited (RVNL) and THIDCL for tendering expert advice during the appraisal of long tunnel projects.

local kirana stores to operate and sell online. The e-commerce platform specialises in the fresh produce category which includes fruits, vegetables, meats, and dairy. It has recently introduced video-based shopping on the lines of content-commerce trends in China.

benchmark anchored around 6.85%, as market attention shifts to U.S. economic data expected to influence potential rate cuts. The benchmark 10-year yield ended at 6.8542%, compared with its previous close of 6.8554%. The yield had ended at 6.8647% last Friday and has stayed in 5 basis points range in three weeks.

technical textile exports will cross the target of $10 billion set for 2030, textiles minister Giriraj Singh said Friday, adding that the country will soon produce niche carbon fibre which is used in aerospace, civil engineering and defence. At present, India does not produce any carbon fibre and relies on imports from the US, France, Japan and Germany. “The coming days belong to technical textiles in every sector… I am confident that in 2025-26 the niche carbon fibre product will also be with India,” Singh said at a technical textiles event organised by Ficci.

capital on Friday, according to the All India Sarafa Association. In the previous session, the precious metal of 99.9 per cent purity had ended at Rs 74,100 per 10 gram. The silver metal had ended higher at Rs 84,600 per kilogram in the previous session on Thursday.

Citing sources, ET Now reported that only a small number of FPIs will likely be impacted by SEBI's September 9 deadline on UBO norms. The report stated that non-compliant FPIs can continue beyond September 9 by paying a 5% penalty.

ST Telemedia Global Data Centres (STT GDC) on Friday announced an investment of $3.2 billion (Rs 26,000 crore) to expand its data centre capacity in India by 550 megawatts over the next five to six years. This will nearly triple the Singapore-headquartered data centre company’s IT load capacity to meet the demands of India's thriving digital economy, it said in a statement. STT GDC India, in which Tata Communications holds a minority stake, has 28 data centres across 10 cities, with a combined capacity of more than 318 megawatt of IT load. It has about 1,000 enterprise customers.

index India VIX jumped 10% to hit the day's high of 15.57 on Friday as Nifty fell by over 300 points to hit a low of 24,839.40, over US economy data concerns, a key indicator of rate cuts. Investors await US jobs data that could decide the size and speed of coming rate cuts in the world's largest economy. This week, VIX has jumped by 11% after remaining on a declining curve for a month. In the last one month, India VIX has fallen by 25%.

Shares of Abbott India Ltd.(up 0.79 per cent), Gland Pharma Ltd.(up 0.76 per cent), Alkem Laboratories Ltd.(up 0.54 per cent), Divi's Laboratories Ltd.(up 0.34 per cent) and Natco Pharma Ltd.(up 0.27 per cent) ended the day as top gainers in the pack.

Vinesh Phogat on Friday asserted that she was ready for the rigours of politics after she joined the Indian National Congress (INC) in the presence of the party's General Secretary K C Venugopal, Haryana Congress chief Udai Bhan and AICC in-charge of Haryana, Deepak Babaria. «I thank Congress party...Kehte hain na ki bure time mein pata lagta hai ki apna kaun hai [You know how they say we find out who is on our side when we are in trouble]...When we were being dragged on the road, all parties except BJP were with us. I feel proud that I have joined a party which stands with women and is ready to fight from 'sadak to sansad'...,» she said. Phogat joined the Congress alongside fellow wrestler Bajrang Punia ahead of the Assembly elections in the state of Haryana, scheduled to take place on October 5. Votes are set to be counted on October 8.

Bitcoin and Ethereum declined on Friday as investors awaited a crucial US jobs report that could influence the Federal Reserve’s decision on interest rate cuts. As of 12:38 pm IST, Bitcoin was down 1% at $56,413, while Ethereum fell 1.2% to $2,377. Other cryptocurrencies also experienced losses: Solana was down 1.7%, XRP by 1.6%, Chainlink by 2%, Polkadot by 0.3%, Litecoin by 1.7%, and NEAR Protocol led with a 3.6% drop.

Prachi Yadav and Yash Kumar qualified for the semifinals of women's VL2 200m and men's KL1 200m after finishing fourth and sixth in their respective heats at the Paris Paralympics here on Friday. While Prachi and Pooja Ojha clocked 1:06.83 and 1:16.09 in women's va'a single 200m VL2 heat 1 and KL1 200m heat 2 respectively, Yash came up with a timing of 1:03.27 in men's KL 200m heat. The semi-finals will take place on Saturday. Winner of each heat qualify directly to the final, while the remainder goes to the semifinals. The three fastest athlete of each semifinal make it to the final.

Ravindra Energy Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 2.43%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), Inox Wind Ltd.(up 1.54%), Torrent Power Ltd.(up 1.29%), KEC International Ltd.(up 0.52%) and Inox Wind Energy Ltd.(up 0.33%) stood among the top gainers.

Shares of Au Small Finance Bank Ltd.(up 0.02 per cent) ended the day as top gainers in the pack.