India Financial News

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is to be reconstituted soon, as per its usual schedule, and its revised composition will be of interest. The approach so far has been to have three members from RBI, including its governor, and three external members. These members are appointed by the central government for a term of four years.

Mandeep Kaur and Palak Kohli conceded defeat in their respective quarterfinal bouts at the ongoing Paris Paralympics on Sunday. Mandeep failed to dominate in the women's singles SL3 quarterfinal match against Nigeria's Mariam Eniola Bolaji on Sunday. In the first set, the Indian para shuttler conceded an 8-21 defeat. In the second set, Mandeep failed to make a comeback and lost 9-21 against her Nigerian opponent.

India were assured of a second medal in badminton with Manisha Ramadass setting up a women's singles SU5 semifinals duel with compatriot Thulasimathi Murugesan at the Paris Paralympics here on Sunday. The 19-year-old Manisha, who was born with Erb's palsy which affected her right arm, had no trouble in dispatching Japan's Mamiko Toyoda 21- 13 21-16 in the quarterfinals. Erb's palsy is a nerve disorder in the shoulder and arm that results in weakness or loss of muscle function. The second seeded Indian left-hander needed 30 minutes to down her unseeded rival.

Nifty towards 25,500–26,000 in the short term, says Rupak De, Senior Technical Analyst, LKP Securities. He recommends buying TCS, DLF, and LTIMindtree for the week. Edited excerpts:

Congress MP Manickam Tagore on Sunday slammed the Election Commission for postponing the Haryana Assembly polls and accused the poll body of working for the BJP. «Not only ED and CBI but now Election Commission has also started to work for the BJP. It's very unfortunate that the Election Commission, for a political party's demand, has pushed the date back and it shows that the BJP is afraid of the defeat in Haryana,» Tagore told ANI. «The unpopular government in Haryana which is led by BJP will be defeated with a huge margin in each constituency and the Congress Government will be formed in Haryana with a clear verdict from the people,» he added.

sexual violence in Kolkata has sparked a nationwide debate about raising boys with a healthy respect for women to prevent future crimes. Experts emphasised the need for societal change, starting with education and parenting. The commonly heard phrase “boys will be boys” is criticised for perpetuating gender inequality and excusing inappropriate behavior. Reflecting this ingrained mindset, an incident from a Class 7 classroom was mentioned in The Times of India report by Neha Bhayana. During a 15-items activity, a boy expressed disgust upon the mention of “bra” as a clothing item. Srividya Sivakumar, the English teacher, used this moment to highlight that a bra is just a garment and should not be associated with secrecy or shame. Later conversations revealed the students were aware of the Kolkata rape-murder incident involving a young trainee doctor. Given the recent wave of sexual violence, there is growing support for the slogan “sirf beti mat bachao, bete ko sikhao” (don’t just save your daughters, teach your sons). This motto underlines the importance of raising boys correctly to prevent future crimes.

₹5 lakh to clean a water body, which greatly increases water storage and helps replenish groundwater. Farmers benefit from better crop yields and the reduced need for fertilizers that using silt assures them. Many similar success stories across India show how community-driven water body rejuvenation can change lives.

Fed is no longer cryptic about its stance on rate action. In its Jackson Hole speech, it clearly signaled its intent to start cutting rates, potentially beginning with the September policy meeting. The bond markets and the US dollar index have reacted accordingly. The US 10-year yield has softened, and the dollar index has sharply dropped to a seven-month low, approaching the 100 level. In light of such a dynamic shift, one would expect a corresponding impact on Indian G-sec yields. Contrary to these expectations, the Indian 10-year yield has remained steady, showing no signs of softening. This reluctance can be attributed to the fact that the RBI will have limited room to adjust its monetary stance, despite the potential leeway from the US Fed's policy shift. The key to understanding this lies in India’s unique inflation dynamics. Let’s explore this further.

Maruti Suzuki India on Sunday reported a 4 per cent year-on-year decline in total sales in August at 1,81,782 units. The company had dispatched 1,89,082 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Total domestic passenger vehicle wholesales were at 1,43,075 units last month as compared with 1,56,114 units in the year-ago month, a dip of 8 per cent, it added. Sales of mini segment cars, comprising Alto and S-Presso, declined to 10,648 units last month as against 12,209 units a year ago.

When I do the math now, I realize that many people whom I considered old when I was 21 were actually only in their 40s and 50s. Nari Hira, for instance, who I thought was the most flamboyant old man in India was in his mid-50s when I first met him in 1995. I had just arrived from Madras and Bombay was a foreign land that was years ahead of the India I knew.

Bangladesh after the fall of the Sheikh Hasina-led government on August 5, according to a minority organisation in the violence-hit nation. The Bangladesh Chhatra Oikya Parishad, the student wing of Bangladesh Hindu Buddhist Christian Oikya Parishad, said this at a press conference on Saturday, The Daily Star newspaper reported. The organisation's coordinator, Sajib Sarkar, said in the students' violence that ensued for days following the ouster and fleeing of 76-year-old prime minister Hasina, minority teachers across the country faced physical assault, and at least 49 of them were forced to resign. However, 19 of them were reinstated later, the report quoted him as saying.

Champions Trophy 2025, scheduled to be hosted by Pakistan, has stirred discussions in the cricketing world, especially regarding India's potential participation. Despite being chosen as hosts, Pakistan faces challenges due to the ongoing political tension between the two nations, which has hindered any bilateral cricketing series since 2013.

Mint in July compared to their performance four months earlier. Only six indicators were above their five-year average trends, whereas three were below it. In comparison, 10 indicators were above their five-year average four months ago.

markets may experience a period of volatility in the coming week, largely driven by global and domestic factors. According to the experts, the US Fed is expected to start its rate cut cycle in September, and historically, rate cut cycles in the US market have not been favourable for their equity markets.

Bharti Airtel and IT majors Infosys, Tata Consultancy Services emerging as the biggest gainers, in line with a record rally in equities. Last week, the BSE benchmark jumped 1,279.56 points or 1.57 per cent. Rallying for the ninth straight session on Friday, the 30-share BSE Sensex climbed 231.16 points or 0.28 per cent to settle at an all-time closing high of 82,365.77. During the day, it jumped 502.42 points or 0.61 per cent to hit a record intra-day peak of 82,637.03.

Pakistan faces a rise in terrorist attacks over the past few years, its troubled Balochistan province was hit this week by a series of assaults that have resulted in over 70 fatalities. The coordinated attacks, possibly the most extensive of their kind in recent history, were carried out by the separatist Baloch Liberation Army (BLA). These events have once again highlighted the Baloch insurgency, driven by long-standing neglect and the exploitation of Balochistan's natural resources, revealing the province as a vulnerable point for Pakistan. The attacks, which saw BLA targeting police stations and taking control of major highways, coincided with the death anniversary of Baloch leader Nawab Akbar Khan Bugti, who was killed 18 years ago in one of then president Pervez Musharraf's counter-insurgency operations. Bugti's death only highlighted the shortcomings of military action, as it failed to address the true needs and aspirations of the tribal population. This lack of genuine engagement led to the rise of additional armed separatist groups, which now not only target Pakistani security forces and Chinese interests but also attack Punjabi and Sindhi migrant workers.

Indian Railways has announced the operation of numerous special trains. The move aims to accommodate the rush during Diwali, Durga Puja, Ganesh Chaturthi, Onam, and Chhath Puja.

Ukraine’s incursion into Kursk isn’t just a brash bid to upend Russia’s invasion. It also marks the first time that a declared nuclear power has faced invasion and occupation by another country. For decades, nuclear-escalation theory has presumed that countries with atomic weapons were largely immune from attack because an aggressor risked triggering armageddon.

NBCC has approved a bonus issue of shares in a 1:2 ratio, meaning shareholders will receive one additional share for every two shares they currently hold in the company. The board has set October 7 as the record date to determine the eligibility of shareholders for receiving bonus shares.

India has recorded trade surplus with as many as 151 countries such as the US and Netherlands, while the country has a trade deficit with 75 nations including China and Russia during the first half of this year, according to think tank GTRI. The Global Trade Research Initiative (GTRI) said that India does not need to worry about the trade deficit from importing crude oil and coal, however, it must focus on reducing the industrial goods imports, especially from countries like China, as these threaten India's economic sovereignty. «Between January and June 2024, India had a trade surplus with 151 countries, representing 55.8 per cent of its exports and 16.5 per cent of its imports, totalling USD 72.1 billion,» GTRI said in a report. The biggest surpluses were with the USA (USD 21 billion) and the Netherlands (USD 11.6 billion) during January-June this year.

Ganesh Chaturthi, a major Hindu festival, will begin on September 7 and end on September 17 with the immersion of Lord Ganesha’s idol. This festival, celebrated annually on the Chaturthi Tithi of Krishna Paksha in the Bhadrapad month, marks a significant event for devotees across India. The festival involves installing Ganesha idols at homes and worshipping them with devotion. The festival’s timing and traditions highlight its importance as Lord Ganesha, known as Vighnaharta, is worshipped for removing obstacles and ensuring success in new ventures.