India Financial News

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iPhone 16 variants will be introduced at the company's September 9 event at Cupertino-based Apple Park. The iPhone 16 and 16 Plus could come with the same 6.1-inch and 6.7-inch OLED displays with a 60Hz refresh rate. Meanwhile, the iPhone 16 Pro and Pro Max could come with larger 6.3-inch and 6.9-inch displays, respectively.

India isn’t against investments from China or doing business with companies from there, but it’s common sense to have the investments scrutinised because there is a “general China problem”, external affairs minister S Jaishankar said on Saturday. “It has never been the government’s position… But on the investment issue, it is common sense that investments from China would be scrutinised. I think the border and the state of relations between India and China call for it,” Jaishankar said at a session on ‘New India's Risks, Reforms, and Responsibilities’ at The Economic Times World Leaders Forum. China in many ways is a unique problem because of its distinct political and economic systems, and it’s not just a problem for India, he said. “We are not the only country that is having a debate about China. Go to Europe, and ask them what is today among your major economic or national security debates? It’s about China. Look at the US. It's obsessed with China, and rightly so in many ways. So, the fact is, let's not make out as though it's only India which has a China problem,” the minister said.

small cars are set to make a strong comeback, say experts. A recent surge in two-wheeler sales is an indication of improving sentiment at the entry level of the personal mobility market, according to the experts. An expanding pool of two-wheeler owners looking to upgrade to four-wheelers, and the need for affordable and efficient mobility solutions in metro cities and urban areas also suggest that demand for small cars is set to pick up, and they expect the segment to return to the path of growth by 2026. Maruti Suzuki, the car market leader for which small cars were the bread and butter until a few years ago, is expected to enhance its portfolio of such models beyond the Alto, offering a mix of petrol, CNG and electric options. Some reports say the local unit of Japan’s Suzuki Motor is already testing small electric vehicles.

electronics component ecosystem in India, union minister for electronics & information technology Ashwini Vaishnaw said. Vaishnaw, who is also the minister for railways and information & broadcasting, said more than 99% of all mobile phones used in the country are being made in India. “This year, Apple will be manufacturing its latest model in India,” Vaishnaw said at The Economic Times World Leaders Forum. “The value of electronics manufacturing in India had increased to $105 billion as of 2022-23, up from $29 billion in 2013-14. We are preparing a programme where the component ecosystem can expand in India in the same way as electronics and mobile manufacturing has expanded.”

Bangladesh, officials announced on Saturday. The Disaster Management and Relief Ministry, while giving out updates on the flood situation, said the highest deaths were reported from Cumilla and Feni districts, both adjoining the border with Tripura in India on the northeast side, with 14 and 23 deaths respectively. Monsoon rainfall-triggered floods in deltaic Bangladesh and upstream Indian regions have wreaked havoc in the country for about two weeks resulting in deaths and displacement of humans and cattle, and loss of property posing a huge administrative challenge to the newly installed interim government amid a political transition. Bangladesh is crisscrossed by more than 200 rivers, 54 of them being trans-boundary rivers with upper riparian India, in four major basins. A depression (a system that brings in copious rainfall) in the Bay of Bengal last week had led to the current deluge with rivers in two basins — the north-eastern Meghna Basin and south-western Chattrogram Hills Basin — witnessing widespread flooding.

Trading quickly became a habit, and Sharma soon felt his dream of achieving financial independence—generating a corpus of Rs 1 crore—was getting closer to reality. But today, Sharma’s account is bleeding red, having racked up losses of Rs 60 lakh, roughly equal to his annual salary. Meanwhile, the habit that started as a cool hobby has now turned into pure addiction. “I just can’t stop! I know I should stop trading for the day if it is not going according to my plan. I know the game is rigged, that most traders lose money… I have all the wisdom, but I am not able to turn my eyes away from the computer screen. I’m addicted to it now like a moth to the flame,” says Sharma, who is the sole breadwinner in his family of five.

India is likely to see above-average rainfall this month and a delayed withdrawal of monsoon showers, the weather office said, raising concern that it may hit output of kharif crops such as pulses, oilseeds, and fruits and vegetables. Rainfall is likely to be more than 109% of a 50-year average, Mrutyunjay Mohapatra, director-general of the India Meteorological Department (IMD) said on Saturday. Above-normal rainfall is likely over most parts of India, except some parts of the extreme north, many parts of south peninsular India, and most parts of the northeastern region where normal to below-normal rainfall is likely.

collaborations with the Government of Tamil Nadu, on manufacturing of its Pixel 8 range of phones, skill development, building an industrial ecosystem enabling MSMEs to create scalable AI solutions. Google, earlier in the day signed a memorandum of understanding with the visiting Chief Minister of Tamil Nadu M K Stalin at its Mountain View office in California in the presence of senior company officials including Google Cloud Vice-President and Head of Platform Amit Zavery, Minister for Industries TRB Rajaa among others. Under the MoU, Google would work with Guidance (the state government backed nodal agency to promote investments) to support the development of a robust AI ecosystem in the state. This includes providing access to advanced technologies and resources, with an emphasis on empowering individuals, businesses and government entities to leverage AI for inclusive growth and progress, a company statement said on Saturday.

Sheetal Devi suffered an exit, while Sarita Kumari put up dominating show to storm into the quarterfinals of the compound women's open category at the Paralympics here on Saturday. First, it was the ninth seed Sarita who put up a dominated from the start to down Italy's Eleonora Sarti 141-135 in a one-sided affair. Sheetal, who draws the arrow with her toes, endured a blip in the second end where she shot the 7-point red ring to go down to Tokyo silver medalist Mariana Zuniga of Chile 137-138 in the pre-quarters. Sarita will be up against Turkey's Onzur Cure Girdi who smashed the world record to top the qualifying round with a score of 704 out of a maximum 720 points.

muscatel flavour for which Darjeeling tea is known worldwide has been missing this year due to erratic weather conditions. Tea planters and traders said that Indian consumers are drinking Darjeeling tea which is being sold with muscatel flavour even though there is hardly any presence of the unique flavour in them. In the international markets prices of Darjeeling tea have fallen by up to 50 per cent for the second flush due to the absence of muscatel flavour. Darjeeling tea's muscatel flavour is a unique, sweet, and floral taste that's hard to describe, but prized by tea connoisseurs. Muscatel tea has a musky aroma and a unique muscat-like fruitiness. Some say it has a sweet, floral, and fruity flavour, with notes of raisins and a muscatel finish. Others say it has a medium-bodied taste with notes of nectarines and muscatel grapes. Muscatel tea can be a dark amber colour.

Indian Nostradamus certainly has hopes! In one of his most recent predictions, astrologer Kushal Kumar (also known as the Indian Nostradamus), hinted that the conflict between Ukraine and Russia has a hope of being resolved, as both countries are becoming rather relentless in the path of mutual assured destruction. However, there’s a glimmer of hope.

GOAT’ (short for ‘Greatest Of All Time’) could become the highest-grossing film in the Tamil film industry. The much-anticipated Thalapathy Vijay-starrer is predicted to set the cash registers ringing if reports are to be believed. As per a Cinetrak report, GOAT has already earned over $1 million in pre-sales for its opening day across international markets. A significant portion of this revenue comes from North America, where the film has generated around $460,000 from the USA and Canada alone. Anticipation is high, and the film is expected to cross the $1 million mark in the USA even before its official release. Vijay's movie is also performing strongly in the UK and Australia, with each region contributing $130,000 to the overall pre-sales.

NBCC (India) Ltd on Saturday said the board has approved issue of bonus shares in a ratio of 1:2 to eligible shareholders and the company will utilise Rs 90 crore free reserve for this purpose. In a regulatory filing, the company informed that the board has approved issuance of bonus shares and fixation of record date. «The Board of Directors has recommended the issuance of bonus shares to the shareholders of the company in the ratio of 1:2 i.e. one new fully paid-up equity share of Rs 1 each for every two existing shares to the eligible members as on the record Date,» the company said.

Thomas Dohmke, CEO of Microsoft-owned developer platform GitHub, emphasised on India's rising significance in the global tech sector. Speaking at The Economic Times World Leaders Forum, Dohmke highlighted the country’s potential to become a major hub for artificial intelligence (AI). «What if AI isn’t just for tech experts but for everyone?» Dohmke asked. «Every company should become an AI company.»

Each entry is thoroughly evaluated, showcasing key features such as superior displays, powerful processors, and advanced camera systems, along with a balanced view of their pros and cons. Whether you are looking for fast charging capabilities, immersive screens, or advanced AI features, this detailed analysis provides all the information you need to make an informed choice and find the perfect phone for your needs and budget.

Ayush Badoni and Priyansh Arya led South Delhi Superstarz to a record-breaking T20 total of 308/5 against North Delhi Strikers in the Delhi Premier League on Saturday. Arya, with a century-making performance, added 120 runs from 50 balls, featuring 10 sixes and 10 fours. His standout moment came in the 12th over, where he hit six consecutive sixes off Manan Bhardwaj’s over. The partnership between Badoni and Arya, which yielded 286 runs, now stands as the highest partnership for any wicket in T20 cricket, surpassing the previous record of 258 runs set by Japan’s Lachlan Yamamoto-Lake and Kendel Kadowaki-Fleming. Badoni was rightfully named 'Player of the Match' for his game-changing performance. Badoni, renowned for his explosive batting, smashed an astounding 19 sixes, setting a new world record for the most sixes in a T20 innings. His innings of 165 runs off just 55 balls included eight fours and 19 sixes, surpassing the previous record held by Chris Gayle and Sahil Chauhan, who had both hit 18 sixes in a T20 innings.

India's financial capital recorded 11,628 property registrations in the month of August, marking a 7% on-year increase in deals. The robust performance helped the state exchequer collect over Rs 1,061 crore, reflecting a 31% rise in revenue, according to data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra. The city’s consistent sales momentum has been driven by sustained buyer confidence, surpassing 10,000 units in monthly registrations for the first eight months of 2024. This marks eleven consecutive months of annual growth since August 2023.

Narendra Modi addressed the gathering at the ET World Leaders Forum. He began his address by saying 'I am sure, at ET WLF, many discussions happened with regard to India’s bright future. He went on to say, 'India is writing a different success story today.' 'We have seen the effect of reforms on our economy success. India has outperformed its peers and beat expectations. Global economy grew 35 pc in 10 years, but Indian economy grew 90 pc and this sustained growth will continue.'

scheme to help set up a sustainable electronics component ecosystem in India, union minister for electronics and Information Technology, Railways, and Information Broadcasting Ashwini Vaishnaw said. Speaking at the inaugural session of the World Leader Forum 2024, Vaishnaw said that more than 99% of all mobile phones used in India were being manufactured domestically. “This year Apple will be manufacturing their latest model in India. The value of electronics manufacturing in India had increased to $105 billion as of 2022-23, up from $29 billion in 2013-14. We are preparing a program where the component ecosystem can now come in the way electronics and mobile manufacturing has come in,” he said.

Rubina Francis, a para shooter from Jabalpur, Madhya Pradesh, secured India's fifth medal at the Paris Paralympics by winning a bronze in the P2 — 10m Air Pistol SH1 event. Francis scored 211.1 to finish third in the eight-woman final after qualifying in the seventh spot earlier in the day. She becomes India's fourth medallist in shooting at the Paris Paralympics, following Avani Lekhara, who won gold, Mona Agarwal, who took bronze, and Manish Narwal, who claimed silver. Born into a lower-middle-class family, Rubina Francis has a leg dysfunction. Her father, Simon Francis, a mechanic, faced financial difficulties while supporting her growing passion for shooting. Rubina’s journey in shooting began in 2015, inspired by her admiration for the Olympic achievements of Gagan Narang. Despite financial obstacles, her determination led her to Pune's Gun for Glory Academy in 2017, with her father’s tireless efforts aiding her progress. Under the mentorship of Jai Prakash Nautiyal, Rubina's talent quickly became evident. This led to her selection at the MP Shooting Academy, where her skills flourished under renowned coach Jaspal Rana, earning her first international medal. A significant turning point in her career came during the 2018 France World Cup, where she realized the importance of securing a Paralympic quota, prompting her to intensify her training efforts.