Indian Financial News

Maruti Suzuki India Ltd on Thursday said it has partnered with Indian Bank to provide financing solutions to its dealers.

Stock market today: Despite pressure in mid-cap and small-cap indices, large-cap IT stocks have been in uptrend for last few sessions. TCS share price today had a gap up opening and the IT stock went on to climb to a new 52-week peak of ₹3,597.70 on NSE. Likewise, Wipro share price today opened upside and went on to hit a new 52-week high of ₹443.25 apiece on NSE.

Consulate General of India in San Francisco has raised concerns over the handling of an Indian-origin woman, Jaahnavi Kandula, who was killed by a police vehicle, and has also demanded a through investigation and action against those involved. Jaahnavi Kandula, daughter of a single mother hailed from Andhra Pradesh. She was pursuing her master's degree at Northeastern University in Seattle and went to the US in 2021 from Bengaluru on a student exchange program.

Congress on Thursday alleged that the «Adani scam» has exposed the role tax havens play in hiding large-scale violation of Indian laws, and said the issue should have discussed at the recent G20 Summit. It also said that if a Joint Parliamentary Committee (JPC) probe is ordered into the allegations against the Adani Group, it will have to make sure that any loopholes for round-tripping and money-laundering are effectively shut. In a post on X, Congress general secretary Jairam Ramesh said the rise in Indian outward direct investment in the past 25 years has been a sign of deepening globalisation. «However, it is disturbing that offshore tax havens like Bermuda, Jersey and Cyprus rank among the top 10 destinations for Indian investment, according to the RBI,» he said. This is in addition to Mauritius that has long been suspected as a preferred destination for Indian money-laundering and round-tripping, the Congress leader noted. «The Adani MegaScam has exposed the critical role such tax havens play in hiding the large-scale violation of Indian laws and regulations.

Biden administration has assured the Indian government of a quick investigation into the death of Indian student Jaahnavi Kandula in Seattle after being struck by a speeding police patrol car and bringing to justice the police officers who were responsible for it. The US government swung into action after India's Ambassador to the US, Taranjit Singh Sandhu, strongly raised the issue at the highest level in Washington and sought prompt action on the killing of Kandula, and the highly insensitive behaviour of the police officer in Seattle in Washington state. Kandula was killed in January after she was struck by a police vehicle driven by Officer Kevin Dave.

However the losses were capped on account of slippages in dollar index (DXY) which was hovering around 104.69 against a basket of six top global currencies, down by 0.07%. The MCX October gold futures were trading down by Rs 45 or 0.08% from the Wednesday's closing price at Rs 58,548 per 10 gram on the MCX while the December Silver futures were trading at Rs 71,160 per kg, higher by Rs 259 or 0.61%. On Comex, Gold futures were trading at $1,934 per troy ounce on Thursday, down by $1.10 or 0.06% while Silver futures were at $23.215, higher by $0.187 or 0.800%. The October Gold futures had ended with declines of Rs 31 or 0.05% per 10 gram at Rs 58595 on Wednesday while the December Silver futures closed lower at Rs 71,410, down by Rs 524 per kg or 0.73%. Amit Khare Associate Vice President at Ganganagar Commodity Limited (GCL) Broking sees bullions making bottom on the daily charts and trading near demand zone with momentum indicator RSI indicating the same. His advice to investors is to make fresh buy positions in gold and silver futures near the support level of Rs Rs 58,500-58,300 while recommending profit booking near the resistance level of Rs 58,800-59,000. Gold futures are down 1.32% or by Rs 781 on the month-to-date basis while they have gained 6.50% or by Rs 3,576 on the year-to-date basis, Anuj Gupta, Head Commodity & Currency at HDFC Securities, of HDFC Securities told ETMarkets. As for silver futures, the declines are to the tune of 5.63% or Rs 4,263 in September while the gains this year stand at 2.89% or Rs 2,006, he said. The physical price of gold in top Indian cities like Delhi and Ahmedabad is around Rs 59,700 per 10 gram while Rs 72,500 for silver.Click to know more Intraday Trading Strategy by Anuj

Jaahnavi Kandula was killed in January after she was struck by a police vehicle driven by Officer Kevin Dave. As per Seattle Times newspaper, he was driving at 74 mph (more than 119 kmph) on the way to a report of an overdose. In bodycam footage released on Monday by the Seattle Police Department, Officer Daniel Auderer laughed about the deadly crash and dismissed any implication Dave might be at fault or that a criminal investigation was necessary.

Indian startups got their first big push with global investors starting to chase companies like Flipkart, Ola and Oyo, as the world sensed a massive opportunity in the country’s market. This was on the back of a much-ballyhooed IPO of ecommerce behemoth Alibaba and investors in China wanting to get a beachhead in the next big market. Investors lined up, betting on tech startups, especially in the consumer internet sector, seeking to tap the young demographic of a country of over 1.2 billion people at the time. It was not only the financial investors but large strategic players like Amazon declared India as a big market, deploying billions of dollars, as the rush of capital began. This was when this newspaper instituted what’s become the most celebrated set of awards for the startup ecosystem — the Economic Times Startup Awards— with the idea to propel entrepreneurship in the country.

Small and Medium Enterprises (MSMEs) to global value chains, as highlighted at G20 meetings and through our Foreign Trade Policy, 2023, is undeniably a step in the right direction. The MSME sector is one of our largest employers, accounting for 29.2% of GDP and 36.2% of manufacturing output in 2021-22. However, the share of MSMEs in our exports has declined from 49.4% in 2020-21 to 43.6% in 2022-23.

Indian seafarers in polar and arctic waters in this far eastern Russian port as the two sides discussed ways to widen maritime cooperation including possibility of usage of new transport corridors like the Northern Sea Route as well as the Eastern Maritime Corridor. Discussions on the maritime cooperation took place between visiting Union Ports, Shipping and Waters Minister Sarbananda Sonowal and Minister of the Russian Federation for the Development of the Far East and the Arctic A O Chekunkov here, according to an official statement. During the meeting, both the leaders discussed wide range of items of maritime communication between India and Russia to widen maritime cooperation including possibility of usage of new transport corridors like the Northern Sea Route (NSR) as well as the Eastern Maritime Corridor (EMC) between Vladivostok and Chennai. The two sides also agreed to train Indian seafarers in Polar and Arctic waters at the Russian Maritime Training Institute, named after GI Admiral Nevelsky, which is equipped with simulator training facilities, in Vladivostok, the statement said. Speaking on the occasion, Sonowal said the relationship between Russia and India has deep historical roots and is based on mutual respect and shared interests. «We remain committed to maintaining strong ties and fostering strategic cooperation across various sectors.

macroeconomic data. The domestic institutional investors (DIIs) were net buyers again and invest ₹850 crore in Indian stocks today. As per the NSE data, FIIs cumulatively bought ₹10,375.25 crore of Indian equities, while they sold ₹12,006.88 crore --- resulting in an outflow of ₹1,631.63 crore.

New Delhi: Meta Platforms-owned instant messaging service WhatsApp has announced the launch of WhatsApp Channels in India and over 150 countries. These will deliver private updates from organizations, sports teams, artists, and thought leaders that people can follow. WhatsApp Channels are a one-way broadcast tool within the app, the company said in a statement.

KIT Global, a leading digital marketing agency with over 20 years in the space, has recently entered this market. We caught up with KIT Global’s CEO Pavel Yurovitskiy for a chat on the future of digital marketing, and its plans for India.Economic Times: An overview of KIT Global’s journey and its positioning on the global stage.Pavel Yurovitskiy: Kit Global has made significant strides in the global digital marketing arena.

Singapore's outgoing President Halimah Yacob on Wednesday extended her best wishes to the Indian-origin President-elect, Tharman Shanmugaratnam, in her final speech as the holder of the city-state's highest but non-political post. Singapore-born economist Tharman will be sworn in as the ninth president of the city-state on Thursday, days after he was overwhelmingly elected as the ninth head of state of the country. The 66-year-old President-elect won 70.4 per cent of the 2.48 million ballots cast by voters on September 1, while his Chinese-origin rivals Ng Kok Song and Tan Kin Lian received 15.72 per cent and 13.88 per cent respectively. Wednesday marked the end of 69-year-old Halimah's six-year term as president. «Tomorrow, a new president will be sworn in,» she said at her farewell reception at the Istana (Presidential Palace), according to Channel News Asia. «I wish Mr Tharman Shanmugaratnam all the best in discharging his duties,» she added. Halimah, also Singapore's first female president, said she was humbled that the people of Singapore had placed their trust and faith in her as their president. She added that this unwavering support fuelled her determination to serve every day of her six-year term. Retrospectively, Halimah said she had a good relationship with the government.

Founded in 2014, MoEngage is reshaping the customer engagement space through product innovation and proprietary technology built in-house. Present in 35 countries, the company provides the best-in-class regional support and guidance to help create memorable moments for customers.

Consensys, a leading blockchain and web3 software company, announces the launch of the first iteration of MetaMask Snaps to the public. MetaMask Snaps is set to revolutionize the way users interact with MetaMask, the world’s leading self-custody web3 platform, offering them unprecedented control and customization.

New York Post, Seattle police officer Officer Daniel Auderer was heard discussing the investigation into the wreck involving 23-year-old grad student Jaahnavi Kandula, who was struck and killed by Dave. Read full report here He said, "She is dead", and then burst into laughter. Toward the end of the video, Auderer was heard saying, "Yeah, just write a check.

Nitin Gadkari on Tuesday ignited concerns in the industry when he suggested he may propose levying an additional 10 per cent ‘pollution’ tax on sales of diesel vehicles. Well-intentioned as the warning may have been for it seeks to curb the black smoke on roads in one of the most polluted countries, automobile companies and investors were not enthused. Gadkari warned that just like India pushed through stricter fuel emission norms against opposition from the industry, it will similarly drive up taxes to push out diesel vehicles. “Today (Tuesday) evening, I am scheduled to meet Union Finance Minister (Nirmala Sitharaman).

Indian Hotels Company Ltd. traded 2.09 per cent down at Rs 411.75 at 12:58PM (IST) on Wednesday, even as BSE benchmark Sensex gained 253.79 points to 67474.92. The stock had closed at Rs 420.55 in the previous session.

Putin on Tuesday hailed India's "Make in India" Initiative at the 8th Eastern Economic Forum’s (EEF) plenary session in Vladivostok and suggested that Russian officials like their Indian counterparts should use Russian cars for driving, instead of using foreign automobile brands. Earlier on Sunday Russia hailed India's G20 Presidency and stated that the Global South led by India did not allow the war in Ukraine to take over the agenda. Putin has been one of the ardent supporters of the PM’s focus on ‘Make in India’ amid Western sanctions on Russia since the war. In June heaping praises on PM Narendra Modi Putin had said “Our friends in India and Prime Minister Narendra Modi, a great friend of Russia, a few years ago presented a concept — «Make in India». And it had a very visible effect on the Indian economy.” At another EEF session Putin said that the government will not allow the pace of development to slacken in the Russian Far East as it is a strategic region for the country.

Indian information technology companies such as Wipro, Genpact and Tech Mahindra are attempting to build ethical safeguards in artificial intelligence products on their own even as they remain open to industry collaboration on establishing standards.This comes in the absence of regulatory frameworks around artificial intelligence (AI) in the country so far, while companies believe ethical safeguards are key to fostering trust in AI