India Financial News

industrial development, with the National Industrial Corridor Development Programme (NICDP) playing a critical role. Aligned with the vision of a «Viksit Bharat,» this ambitious initiative aims to establish a grand necklace of industrial smart cities along the backbone of the Golden Quadrilateral.

complemented by M-specific front and rear door sill finishers, a high-gloss black rear diffuser, and stylish daytime running lights integrated with turn indicators. Available in a range of colors including Mineral White, Skyscraper Grey, Carbon Black, and Portimao Blue, the M Sport Pro Edition aims to make a strong visual statement.Priced at ₹65 lakh (ex-showroom, India), this diesel variant costs ₹3 lakh more than the BMW 320Ld M Sport, positioning it as a premium offering.

exports by MSMEs, said Bhupen Wakankar, Director Global Trade, Amazon India, on Wednesday at the launch of Exports Digest 2024 — the company’s annual coffee table book on e-commerce exports which provides insights into the scale of e-commerce exports from India through the Amazon Global Selling programme. Wakankar said MSME-penetration by Amazon is still less than 5% and largely untapped, which in itself shows the scope of export business from India. He also said that Amazon is on track to enable thousands of Indian businesses to surpass $13 billion in cumulative e-commerce exports from India by 2024-end. Amazon’s latest report showed that 1.50 lakh exporters have been part of the programme, cumulatively selling over 40 crore made-in-India products globally. Amazon said the programme has seen a growth of over 20% in the past year and Amazon Global Selling has over 200 sellers across India.

U.S. health inspectors are still struggling to address a massive backlog of pharmaceutical plants that went uninspected during disruptions caused by COVID-19

MEA), Jaideep Mazumdar, said on Thursday that the two nations complement each other and need each other to develop further. While addressing a special briefing on PM Modi's visit to Singapore, Mazumdar said that India and Singapore have «strong relations» and have frequent exchanges between military establishments, navies and air forces. Mazumdar said, «We have a very multidimensional relationship. We have very strong relations in the defence side as well, where we do joint exercises together. We have very frequent exchanges between our military establishments, between our navies, our air forces, our leaderships of all three services interact very frequently. We have ship visits, we exchange domain awareness information.»

Securities and Exchange Board of India (Sebi) should testify quarterly before the standing committee on finance, where Buch can address the charges against her as part of her regular testimony. Regulatory integrity must, of course, be substantive and visibly so. This makes it imperative to clear the air over the charges levelled against Buch.

₹211.25 on the National Stock Exchange on Thursday. Powering the Street’s optimism is significant volume growth of 12,040 million units (mu) in August, including certificates, marking a 36% year-on-year increase. Electricity volumes rose 17.1% year-on-year to 9,914 mu last month, putting IEX on track to surpass its annual volume growth guidance of 17-18%.

KEC International Ltd.(up 5.98%), Ravindra Energy Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), NLC India Ltd.(up 3.26%), Suzlon Energy Ltd.(up 2.49%), JSW Energy Ltd.(up 2.29%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), PTC India Ltd.(up 1.42%), Transformers & Rectifiers(India)Ltd.(up 1.23%) and GE T&D India Ltd.(up 1.22%) stood among the top gainers.

₹50 lakhto resolve their tax disputes online in less than six months and even get any potential penalty or prosecution waived. The new scheme is meant to be faster and easier than filing an appeal with the Commissioner of Income Tax (Appeals) – CIT(A) – but one particular condition makes it the less attractive option and begs the question: is this just another toothless provision from the tax department? Until now, when a taxpayer received an assessment order demanding unpaid tax, interest or penalties on their additional income, they could file an appeal and make their case to avoid paying the penalty, if any.

Shares of Laurus Labs Ltd.(up 2.82 per cent), Mankind Pharma Ltd.(up 2.47 per cent), Ipca Laboratories Ltd.(up 2.25 per cent), Sanofi India Ltd.(up 2.21 per cent) and Glenmark Pharmaceuticals Ltd.(up 1.36 per cent) ended the day as top gainers in the pack.

Havells India Ltd. fell 0.88 per cent to Rs 1883.6 in Thursday's session as of 02:03PM (IST) even as the equity benchmark Sensex traded 112.91 points lower at 82239.73. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 1986.55 and a 52-week low of Rs 1233.1 on NSE. Around 6930 shares changed hands on the counter till 02:03PM (IST).

responsible investment practices that seek to help institutional investors and service providers. The ICSI Guiding Principles on Stewardship (IGPS) is a framework of ethical stewardship practices to empower institutional investors and service providers, it said in a release. The framework outlines best practices for responsible investment, encompassing environmental, social, and governance factors. It aligns with the global trend and offers much needed guidance towards sustainable and responsible investing, the Institute of Company Secretaries of India (ICSI) said in the release.

business leaders in Singapore and appraised them about various reforms that are currently underway in India to attract investment and innovation. Modi is here on a two-day visit at the invitation of his Singapore counterpart Lawrence Wong. «Interacted with top business leaders and CEOs in Singapore. We talked about ways to deepen economic linkages. I highlighted the reforms underway in India, which will encourage investment and innovation,» the Indian Prime Minister said in a post on social media platform 'X'. Over the past 10 years, India-Singapore trade has more than doubled.

passive funds, we have a variation of beta, called Smart Beta. Exchange-traded funds (ETFs) or index funds replicate an index and don’t aim to generate excess returns. However, smart beta involves indices designed to potentially outperform the market.

«We continue to be one of the fastest growing or the fastest growing large economy in the world. And with a particular characteristic of very strong equity culture and a very strong equity market in terms of corporates, new companies, existing companies, there are a lot of fundamental factors that support our market,» says Bhavin Shah, Founder, Sameeksha Capital. Well, the big question in the markets right now is should one wait for that dip and then deploy or perhaps the market is not going to award you with that dip, it is just perhaps keep deploying incrementally even at higher levels. Bhavin Shah: What we have seen in the last multiple years is that you have had sometimes a very short interval dip or sometimes a bit of a time correction for a little extended time, but eventually market moves higher and I think that is probably clearly because of the way our economy is progressing.

A lot has happened since Pavel Durov, the billionaire Russian-born Emirati businessman who founded the popular social media and messaging app Telegram, was arrested in France last week. Durov, who has four passports, including one from France, received support from voices across the ideological spectrum, from the far right to the progressive left. Russian media predictably labelled the arrest a Western conspiracy.

Kotak Mahindra Bank topped the inaugural S&P Global Market Intelligence ranking of the 32 publicly traded Indian banks based on financial performance. CSB Bank Ltd. and Tamilnad Mercantile Bank Ltd., followed in second and third positions, respectively. The S&P rankings analyse the performance of Indian lenders based on seven weighted financial metrics, including return on average equity, net interest margin, cost-to-income ratio and nonperforming loan ratio, as of the year ended March 31. Nine of the top 10 lenders in the ranking were private sector banks, with seventh-placed Bank of Maharashtra the public sector exception.

₹50 a bag in August from the normal ₹30-40 a bag. In fact, it was around ₹80 a bag in some parts of India, indicating weak demand from the infrastructure segment, the report added. The individual home building segment is the biggest driver of cement demand in India, estimated to contribute over 50%, followed by the infrastructure segment.

quarterly recharge plans priced at ₹899 or ₹999, or the annual plan priced at ₹3599 during this promotional period, will receive benefits worth ₹700. According to Reliance Jio’s announcement, these plans cater to different data needs and durations.

Punjab, recently intercepted a Maruti Suzuki Swift driven recklessly. Despite the police's attempt to stop the vehicle, its occupants fled, ultimately crashing into police barricades. Inside the car, authorities discovered Harpreet Singh, alias Happy, and Lovepreet Singh, both with criminal backgrounds. A search of the vehicle uncovered four Glock 19 pistols—one marked 'Made for NATO army'—four magazines, seven live cartridges, and ₹4.8 lakhs in hawala money.

Noida Authority’s proposal of amendments to the building by-laws, aiming to increase the Floor Area Ratio (FAR) will help in the growth of both commercial and residential segments, real estate developers said. “It will enable the construction of more units within the same land area. This will further lead to a higher supply without any horizontal expansion, keeping property prices under check while using existing infrastructure better to create a greater number of units,” said Manoj Gaur, President, CREDAI-NCR. The changes are part of the Noida Master Plan-2031 and once approved, it will boost revenue for the authority as well.