India Financial News

Mint. "In India, offline is a much bigger market, and that is our big push," said co-founder and chief executive officer Harshil Mathur. In August 2022, Razorpay entered the offline segment through the acquisition of Ezetap.

₹1.4 lakh in WazirX around 3-4 years ago, which grew to ₹2 lakh over time… I think about half my money will come back—whether in 1 year or 10 years I don’t know," said Ravi Handa, a Jaipur-based investor. WazirX declined to comment for this report. WazirX, which held about $570 million in customer balances before the hackers struck, cancelled trades done after 18 July and stopped withdrawals.

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traceability and user privacy rules on WhatsApp, Telegram, Google Meet as well as other calling and messaging apps along with telecom operators as such platforms provide similar services using internet network, industry body COAI said. Telecom operators want the government and regulator to enforce message traceability and user privacy rule on these apps to curb spam and illegal activities as majority of messaging traffic has moved to data networks from SMS, COAI said. In a recent direction, the Telecom Regulatory Authority of India (Trai) has mandated telecom operators to enhance message traceability. The regulator has mandated that the trail of all messages from senders to recipients must be traceable from November 1, 2024. Cellular Operators Association of India (COAI), which represents Reliance Jio, Bharti Airtel, Vodafone Idea and others, said that while the telecom service providers are working jointly with the Trai and the other stakeholders on this aspect, the OTT (over-the-top) communication services, without the requisite security and regulatory checks, is a growing concern in this regard.

Mint. In case of existing similar brand names available in the market, the first manufacturer which submitted an application for it under the Drugs Rule, 1945 shall be allowed to continue marketing. The brand names of other manufacturers shall be withdrawn by the state licensing authority, it said.

Sales of passenger vehicles in the local market declined for the second straight month in August, on a high base, and with carmakers reducing dispatches to rationalise stocks at dealerships. According to industry estimates around 350,000-355,000 cars, sedans and utility vehicles were dispatched from factories to dealerships last month, which is a decline of 1.7-3% over 361,123 vehicles sold in August 2023. Automakers in India mostly report wholesale dispatches to dealers and not retail sales to customers. Carmakers are hopeful of healthy demand in the upcoming festive season during the Ganesh Chaturthi in Maharashtra starting Sep 7 and Onam in Kerala from Sep 16.

Wipro Ltd, and Tech Mahindra Ltd have had new bosses within the last two years, whereas Parekh has been at the helm for more than six years and CVK for nearly eight. TCS, India’s largest IT services company, entrusted K. Krithivasan with the top job in June 2023 after Rajesh Gopinathan, who had steered the company for slightly more than six years since February 2017, stepped down.

The film's OTT streaming rights have been acquired by Netflix for a record Rs 270 crores, as per a report. Netflix has reported got rights for all languages of Pushpa 2. Speculations regarding a delay due to a fallout between Allu Arjun and director Sukumar were laid to rest after the two were seen together at a recent preview event. The makers of the film have released two songs, each enjoyed by fans, adding to the excitement for the upcoming release.

Kavach that was developed in the country will now be implemented in a mission mode, Railway Minister Ashwini Vaishnaw has said. The minister stated this in his welcome address before the flagging-off of three Vande Bharat trains by Prime Minister Narendra Modi on Saturday. Vaishnaw that India has elected the leadership of PM Modi for the third time that is decisive, visionary and forward-looking and its impact is visible in every aspect of life including in Railways. «It always lacked technology and investment and nothing changed for decades,» Vaishnaw said alleging that a technical organisation like the Railways was politicised.

Kolkata: Mauritius is inviting Indian Small and Medium Enterprises (SMEs) to set up their units in the island country to capitalise on duty-free export benefit under the African Growth and Opportunity Act (AGOA), an envoy said here. This AGOA offers duty-free shipments to the US market, presenting significant opportunities for Indian businesses, he said. Replying to a question, High Commissioner of Mauritius to India Haymandoyal Dillum said, «Indian industries should make the most of the AGOA agreement with African countries and the US.» Dillum, who visited Kolkata on Saturday to attend a programme of the Bharat Chamber of Commerce, encouraged the leather industry to explore value-added opportunities in Mauritius to gain a competitive edge in the US market.

IndiGo on Sunday started its daily flight services to Jaffna in Sri Lanka from Chennai. Jaffna is the airline's second destination in the island nation after capital city Colombo and 34th international destination, IndiGo said. The new daily direct flights from Chennai to Jaffna cut down the travel time to the city from Chennai to 75 minutes, IndiGo said. IndiGo operates over 2,000 flights to 122 destinations including domestic and overseas.

imports of goods such as umbrellas, toys, certain fabrics, and musical instruments are severely hurting MSMEs as many of these products are also made by domestic businesses, according to think tank GTRI. The report said that during January to June 2024, India exported goods worth only USD 8.5 billion, while imports stood at USD 50.4 billion, resulting in a trade deficit of USD 41.9 billion. This low export and high import makes China India's largest trade deficit partner. «China accounts for 29.8 per cent of India's industrial goods imports. India must invest in deep manufacturing to cut dependence on import of critical industrial products from China,» Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Pawan Khera said on Sunday that the collapse of Chhatrapati Shivaji Maharaj's statue in Maharashtra's Sindhudurg district has broken the hearts of people in the country who draw inspiration from the legendary warrior king. Addressing a press conference here, Khera accused Deputy Chief Minister Devendra Fadnavis of spreading fake narratives over the incident. «The Mughals did not succeed in breaking Chhatrapati Shivaji Maharaj. But this corrupt government has done what Mughals could never do,» he said. Hitting out at Fadnavis for claiming that late prime minister Pandit Jawaharlal Nehru had shown Shivaji Maharaj in a «poor light» in his book 'The Discovery of India', Khera said the BJP leader should stop spreading fake narratives.

Giriraj Singh on Sunday attacked Congress, the National Conference, and the Peoples Democratic Party for exploiting the people of Jammu and Kashmir. «The Prime Minister said that he will conduct the elections. So, he is doing that. The announcement of the elections has been done democratically...The nepotist parties and leaders like Congress, Farooq Abdullah, and Mehbooba Mufti have exploited the people of J-K,» Giriraj Singh told reporters on Sunday. «PM Narendra Modi established democracy by conducting elections of panchayats, and now Vidhan Sabha elections are going to be held,» he added.

voters registering in the electoral rolls, Maharashtra now has around 9.5 crore voters eligible to exercise their franchise in the upcoming state assembly elections, according to the Election Commission of India (ECI). The ECI published the final electoral rolls on August 30. The state has 9,53,74,302 voters, including 4,93,33,996 men, 4,60,34,362 women and 5,944 transgender voters, according to the electoral rolls. As per the data shared by the ECI, 16,98,368 new voters were registered in the electoral rolls.

Lenders to debt-ridden Reliance Capital Ltd (RCAP) have alleged that Hinduja Group firm IIHL is indulging in delaying tactics, resulting in slowdown in implementation of the resolution plan. Mauritius-based IndusInd International Holdings Ltd (IIHL) emerged as a successful bidder for acquisition of Reliance Capital. The NCLT Mumbai on February 27, 2024, approved IIHL's Rs 9,861-crore resolution plan for the debt-ridden financial firm. According to sources, lenders claimed that IIHL's move to seek approval from the Department of Industrial Policy and Promotion (DIPP) is an afterthought.

Trinamool Congress president Ripun Bora on Sunday resigned from the party, claiming that the people of the northeastern state consider it as a «regional party» of West Bengal and are not willing to accept it as their own. In a letter to All India Trinamool Congress general secretary Abhishek Banerjee, Bora, the former Rajya Sabha member, said he had offered many suggestions to party supremo and West Bengal Chief Minister Mamata Banerjee to make TMC acceptable in Assam, but those were «not implemented». "Assam TMC has great potential, but several recurring issues have hindered our progress, including the perception of TMC as a regional party of West Bengal. To counter this perception, we made several suggestions," Bora said in his resignation letter.

iPhone slips from your hand, taking an unplanned dip in the ocean. Or maybe you're belting out tunes in the shower when your iPhone decides it wants to join in on the fun—only to get splashed by more than just your voice. We've all heard those old Indian «jugaad» tricks—like putting your phone in rice or shaking it like a tambourine to get the water out. But when it comes to your iPhone, it's time to let those hacks go and follow the pros at Apple for a safer recovery.

Rajinikanth’s ‘Coolie’ is one of the most anticipated films in Tamil cinema. It looks like the magnum opus will have a spectacular ensemble cast! According to reports, many bigwigs, such as Telegu icon Nagarjuna, and actress Shruti Hassan, will be associated with the project. On Nagarjuna's 69th birthday, the filmmakers revealed his official poster from the movie, introducing his character with the message, «Kicked to have King Nagarjuna Sir joining the cast of Coolie as Simon. Welcome on board and wishing you a very happy birthday Sir.» Director Lokesh Kanagaraj also shared a poster featuring Shruti Haasan, announcing on X (formerly Twitter), «Kicked to have Shruti Haasan joining the cast of Coolie as Preethi. Welcome on board.» Prior to that, Lokesh Kanagaraj welcomed Soubin Shahir to the team, announcing on X, «Thrilled to have Soubin Shahir Sir join the cast of Coolie as Dayal. Welcome aboard, Sir.»

tur dal prices alone have shot up 60% in two years—Prakash said he has been forced to grow his own food. “We had to reduce the quantity of nutritious items like pulses and vegetables in our diet. We almost never buy and cannot afford any fruit other than the occasional banana," he explained.