Experts Financial News

HCL Tech, from making an open offer for her proposed indirect acquisition of shares and voting rights in the company. This approval paves way for Roshni to take a larger ownership role in key entities that control HCL Technologies, a move aimed at ensuring smoother succession planning within the Nadar family.

Zomato will replace JSW Steel in the BSE Sensex as part of the index reconstitution which becomes effective from December 23. On Friday, BSE's wholly-owned subsidiary Asia Index Private Ltd announced reconstitution of several indices which also included BSE 100, BSE Sensex 50 and BSE Sensex Next 50.

premium products, said market researcher NielsenIQ. “This growth is fuelled by the shift toward connected, feature-rich appliances and smartphones, with a clear preference for products that offer both convenience and long-term value," said Anant Jain, head of customer success in tech and durables at NielsenIQ. He said the festive period also contributed to the growth, with more consumers timing their purchases to benefit from promotions and special offers. There was a recovery in sales volume in October due to festive demand. As per NielsenIQ, the four weeks of the festive period till Diwali drove 13% value sales growth and 8% volume growth.

fraud indictments, the group is yet to respond to the bourses. While there was no word from Sebi officials, experts pointed out the regulator will have to definitely look into it if there are any disclosure and other violations and take necessary action.

1 individuals living with diabetes. Adding to this overdose of sweetness the wedding season is here. It often overlaps with the festive period, and further tempts us with rich foods and sugary delights. It is no secret that weddings in India are a grand celebration that includes multiple days of feasting, making it even harder to resist indulgent foods. Maintaining healthy eating habits gets all the more difficult as festivals and weddings overlap and the food comes in abundance.

Shanghai Composite posting their biggest single-day losses since Oct. 9, dragged down by big tech firms' disappointing earnings and investors' fears over U.S. President-elect Donald Trump's future policies on China. The Shanghai Composite index closed 3.06% lower at 3,267.19.

consumer demand recovery that began in October is raising expectations for a stronger second half of FY25, according to Systematix Institutional Equities report. While rural demand witnessed a slight uptick, urban consumption has remained largely unchanged, contributing to lower growth in 2QFY25. The demand trends for the quarter reflected a subdued market, much like the previous quarter, and were further impacted by seasonal factors like the monsoons and religious observances such as 'Shravan' and 'Shraadh.'

AAP MP Sanjay Singh on Friday accused Prime Minister Narendra Modi of favouring Gautam Adand alleged that he was responsible for major losses in the stock market. «The entire nation is in turmoil today. Nearly Rs 5.5 lakh crore of people's wealth has been wiped out in the stock market because of the fraud committed by Prime Minister Modi's friend, Adani,» Singh said. He recalled the Hindenburg report incident, stating that a similar crash had occurred then, but the Prime Minister remained silent. «Modi, who comments on minor thefts like a buffalo or mangalsutra being stolen, is quiet when lakhs of crores of public money disappear,» he added.

It outpaced competitors like the Tata Nexon (1,593 units), Mahindra XUV400 (602) and Tata Curvv (1,542 units), with 3,116 units sold. This innovative model separates the vehicle cost from the battery price, allowing buyers to pay battery EMIs based on usage, set at ₹3.5 per km.

BJD which was in power in Odisha from 2000 till June 2024, on Friday, said the allegations that state government officials took bribes from the Adani Group for supply of renewable energy to the state from the central pool, are «false and not based on fact.» Adani, India's second-richest man, and seven others, including his nephew Sagar Adani, have been charged by the US Department of Justice with paying bribes to unidentified government officials of several states including Odisha to buy expensive solar power, potentially earning more than USD 2 billion in profit over 20 years. Adani Group, however, denied the charges saying the allegations by US prosecutors are «baseless» and the conglomerate is «compliant with all laws» Former Odisha Energy minister and BJD MLA PK Deb said, «The types of allegations made in the name of Odisha are baseless and not based on facts.»

Silver sales witnessed a sharp spike ahead of Dhanteras this year and investors were not just buying it in physical form but were also investing in ETFs (Exchange Traded Funds). Silver ETFs registered an unprecedented surge with the Assets under Management (AUM) growing by over four-fold to touch Rs 12,331 crore in October 2024, up from Rs 2844.76 crore in October 2023, said ICRA Analytics. The total number of folios under Silver ETFs increased by nearly 215% to touch 4.47 lakh in October 2024, up from 1.42 lakh in the same period last year. Net inflows grew by 24% at Rs 643.10 crore in October 2024, as against Rs 518.02 crore last year.

Vodafone Idea have slumped by around 65% from its 52-week high of Rs 19.15 on BSE. The stock had fallen 3.4% on Thursday after the Supreme Court of India granted telecom companies the right to claim credit for duties paid on parts such as tower components and green shelters. This decision overturns a previous judgment by the Bombay High Court, which had classified these items as non-capital goods, thereby denying the companies cenvat credit for the duties paid.

Maha Vikas Aghadi (MVA) alliances regarding leadership.

India's electronic production has more than doubled in the last six years to $115 billion in 2024, led by growth in mobile manufacturing by global firms such as Apple and Samsung. It is now the world's fourth-largest smart phone supplier. But the sector faces criticism for its heavy reliance on imported components from countries such as China.

Infrastructure company PNC Infratech on Friday said it has received approval from NHAI to transfer a 100 per cent stake held by it in its three subsidiaries (SPVs) for Uttar Pradesh road projects to Highways Infrastructure Trust. The company, in a regulatory filing, said the three highway projects are a part of the statutory process pursuant to the Rs 9,005 crore deal between PNC Infratech, PNC Infra Holdings (a subsidiary of PNC Infratech), and Highways Infrastructure Trust (HIT), an InvIT controlled by KKR & Co Inc, for 12 road assets. The three subsidiaries/SPVs, which got approval from the National Highways Authority of India (NHAI), are PNC Bithur Kanpur Highways Private Ltd, PNC Gomti Highways Private Ltd and PNC Aligarh Highways Private Ltd. The deal, signed in January 2024, involves the divestment of twelve road assets owned by PNC Infratech and PNC Infra Holdings for an enterprise value of Rs 9,005 crore.

Income Tax Department is actively urging taxpayers to voluntarily declare any missed reporting of foreign assets or income by December 31, 2024, otherwise the consequences can be very serious like Rs 10 lakh fine or even jail in some cases. The income tax department has also revealed that India receives detailed information about financial accounts held by its residents in several foreign jurisdictions so there is no point in hiding wealth abroad. Experts warn that in specified cases like this the tax department may also use the full extent of the law, and this includes imposing the Black Money Act also.

Sameer Wankhede, former zonal director of the Narcotics Control Bureau (NCB), has urged the Bombay High Court to transfer the probe into an atrocities case against NCP leader Nawab Malik to an independent agency like the CBI. Wankhede, an additional commissioner in the Directorate General of Taxpayer Services and a member of the Mahar Scheduled Caste, alleged in his plea that police inaction in the matter has caused him and his family significant mental distress and humiliation. The Indian Revenue Services (IRS) officer had in August 2022 lodged a complaint with the suburban Goregaon police against Malik under the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act. The complaint alleged that Malik had during interviews and on social media made defamatory remarks against Wankhede and his family members based on his caste.

Emerging and established altcoins have also caught their attention. New cryptos, in particular, are a favourite among strategic investors because of their large growth potential. They are capable of multifold surges, unlike high-cap cryptos. For example, BTC has gained just above 100% in a year. Dogwifhat––a brand-new meme coin in early 2024––has recorded more than 1000% returns in less than a year.

However, the current economic climate has made finding such jobs difficult, leading students, particularly from Telangana and Andhra Pradesh, to seek work within the Indian community. Babysitting is seen as a safe and viable option, with students earning between $13 and $18 per hour. Some employers also provide meals, accommodation, or both.

Andhra Pradesh BJP president D Purandeswari on Friday said the allegations emanating from the US against the Adani Group raises serious questions and claimed that all those linked to these allegations are associated with the Congress party. Business tycoon and Adani Group chairman Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts, an allegation refuted by the Indian conglomerate. «Recent allegations from the U.S. SEC (Securities and Exchange Commission) against the Adani Group have raised serious questions… this situation poses a significant question for Rahul Gandhi, since all individuals linked to these corruption allegations are associated with the Congress party and none are from the BJP,» said Purandeswari in a post on X.

Maharashtra Assembly election, held on November 20, is shaping up to be a highly competitive contest, with the state’s two major alliances—the BJP-led Mahayuti coalition and the Congress-led Maha Vikas Aghadi (MVA)—dominantly vying for power. However, smaller parties could play a crucial role in influencing the results, potentially altering the political landscape and emerging as key players in the formation of the next government in Maharashtra. Notably, the Maharashtra Navnirman Sena (MNS), led by Raj Thackeray, the Vanchit Bahujan Aaghadi (VBA), headed by Prakash Ambedkar, and Asaduddin Owaisi’s All India Majlis-e-Ittehadul Muslimeen (AIMIM) could become significant forces in the state.