Indian Financial News

Bata is in talks with footwear giant Adidas for a strategic partnership for the Indian market, CNBC-TV18 reported on Thursday, citing sources. (More to come)

Dr. Agarwal's Health Care said on Thursday it raised $80 million from existing investors Singapore's Temasek and U.S.-based TPG as the Indian eye hospital operator plans to double its hospital count. The top shareholder of publicly listed Dr.

fleet support vessels (FSVs) which are urgently required by the Indian Navy. Vizag-based Hindustan Shipyard Limited (HSL) will manufacture five of the 45,000-tonne warships, the largest ship of its class being built at the defence ministry-owned yard. The Indian FSV project was initially given a go-ahead in 2016 after the Indian Navy projected a requirement for ships that could carry fuel and other supplies for warships at sea. The ships are needed to support warships on long range patrol and can carry a variety of equipment, such as fuel, ammunition and food supplies. They will be able to support ships of all classes, including the two Indian aircraft carriers. The navy has a variety of new ships that are being planned, including next generation missile vessels and counter mine vessels. Three additional Scorpene class submarines are also expected to be ordered shortly.

Insacog (Indian SARS-CoV-2 Genomics Consortium), the pan-India network of laboratories set up to monitor genomic variations of the coronavirus, will hold a review meeting this Friday, amid an upsurge in Covid-19 infection in other countries, people in the know told ET. In India, cases have been reported from Delhi, Karnataka and Maharashtra, but there has been no significant upsurge, one of the people said. «There has not been any clustering or unusual increase in the number of cases,» he added.

Anand Mahindra ‘saluted’ the Indian Army on Wednesday, sharing a now viral video of a young soldier returning home for the first time. The undated clip is believed to be from Punjab and shows an uniformed official being welcomed back by family and friends.

₹2,406 crore during Wednesday's session. As per the NSE data, FIIs cumulatively bought ₹21,055.98 crore of Indian equities, while they sold ₹20,333.22 crore --- resulting in an inflow of ₹722.76 crore. Meanwhile, DIIs infused ₹7,967.77 crore and offloaded ₹5,571.48 crore, registering an inflow of ₹2,406.19 crore.

Narendra Modi today approved Seven projects of the Ministry of Railways with an estimated cost of around Rs.32,500 Crore, with 100% funding from Central Government. The proposals of Multi-tracking will ease operations and reduce congestion, providing the much-required infrastructural development on the busiest sections across Indian Railways.

Akshay Kumar, the renowned actor, has taken a significant step towards cementing his ties with India. In a move that reflects his dedication to the nation, Akshay has officially become an Indian citizen, relinquishing his previous Canadian nationality. This decision was announced by Akshay on the 76th Independence Day through his social media platforms.

US based Boeing Company has officially kickstarted the production process for the Apaches designated for the Indian Army, from its facility in Mesa, Arizona. The slated delivery includes a total of six AH-64E Apaches, which are being produced based on the specifications of the Indian Army.

Realme, Madhav Sheth, also confirmed his involvement in this venture. Now, Honor Tech India has officially declared its intention to re-enter the Indian smartphone market. The company is preparing to unveil their initial device in the country after a hiatus of over three years.

defense manufacturing giants are seeking to win a Rs Rs 40,000 crore ($4.8 billion) order to build submarines in India as the South Asian nation looks to strengthen its navy to counter China’s expanding naval presence in the Indo-Pacific region. Indian officials are currently evaluating competing bids to build six of the vessels in the country, senior Indian officials aware of the developments said, asking not to be named because discussions are private.

Gautam Adani can’t afford a costly distraction. While his core infrastructure business is booming, there’s little reprieve from the governance issues that have dogged the Adani Group since New York-based Hindenburg Research’s allegations of stock-price manipulation and undisclosed related-party transactions earlier this year. Despite its strenuous denial of the short-seller’s report, the conglomerate’s market value has sagged more than $100 billion since January.

yellow metal which is now trading in an oversold zone. The DXY was trading at 103.19, albeit with a negative bias. The MCX October gold futures were trading with losses at Rs 58,812 per 10 grams on the MCX in the opening trade, down Rs 162 or 0.27%.

“We turned positive on the Indian market in March 2023, which was at the cusp of the recent rally,” says Kunal Vora, Head — India Equity Research, BNP Paribas India. In an interview with ETMarkets, Vora said: “For local investors in the high tax bracket, equities are likely to continue providing best after-tax returns in the medium term” Edited excerpts:US downgrade led to some volatility in markets across the globe. Where do you see the markets?The US downgrade has not had any meaningful impact on bond yields in India and despite the initial nervousness, we do not expect it to have any long-term impact on Indian equities.

Chandrayaan-3 will get more closer to Moon after the fourth orbit reduction manoeuvre planned today. As the mission progresses, a series of manoeuvres are being conducted by ISRO to gradually reduce Chandrayaan-3's orbit and position it over the lunar poles. The Indian Space Research Organisation (ISRO) has planned to further lower the lunar spacecraft to a 100 km x 100 km orbit today.

Indian Embassy beefed up. A large number of police personnel were deployed outside the premises of the Indian embassy, a video posted by news agency ANI showed. This came after Pro-Khalistan groups had planned to stage protests outside the Indian Embassy in Washington DC amid a scheduled Independence Day celebration.

MUMBAI : Indian companies’ aggregate legal expenses hit ₹40,000 crore in each of the last two fiscal years, two industry executives said, a figure that is expected to rise further driven by white-collar crimes, insolvency cases, mergers and acquisitions (M&As), intellectual property (IP) matters, and regulatory filings. Law firms have bulked up to meet rising demand, recruiting hundreds of law grads from campuses as well as from rival firms.

diverse workforce, India's top corporates have only three persons with disabilities ( PwD) for every 1,000 employees on rolls, an ET analysis showed. According to latest workforce data reported by Nifty 50 constituent companies as part of their annual disclosures, only five out of these 50 companies have more than 1% people with disabilities on their rolls, with four of them being public sector companies. To be sure, public sector companies are required to reserve 4% of all jobs for disabled people in compliance with the Rights of Persons with Disabilities Act, 2016 — a target which all the analyzed companies fall short of.

India heads to the 18th Lok Sabha elections after 76 years of Independence, Anubhuti Vishnoi looks back at the electoral journey travelled by the largest democracy. It is one marked with many milestones — the largest electorate in the world at over 900 million; women voters who closed the gender gap in voter turnout in 2019 and outdid men; and the only country to transition to paperless ballot through EVMs.THE FIRST GENERAL ELECTIONS Things moved swiftly in independent India with the adoption of the Constitution on November 26, 1949. Four months later, Sukumar Sen was appointed the first Chief Election Commissioner. With this, the country embarked on the 'great experiment' to conduct the first nationwide election. In April 1950, the Representation of People Act was passed by provisional Parliament. The first general election was held in 68 phases between October 25, 1951 and February 21, 1952. Around 53 political parties and 533 independents were in the fray for 489 seats. Around 173,212,343 voters were registered out of a population of 361,088,090 and 45.8% voter turnout was recorded.

MUMBAI : Amid expectations of heightened market turbulence in the wake of India’s surging retail price inflation and slowing merchandise exports, which impacts the rupee, FPIs have turned net sellers of Indian stock futures of a significant quantity in just four days, a rare occurrence, according to market experts, who see this as a move to hedge their profits against a falling market. From being cumulatively net long 19,130 stock futures contracts on 9 August, they turned net sellers of 83,366 contracts on 14 August, during which period the Nifty shed a percent or 198 points through Monday’s closing of 19435.55.

MUMBAI : Amid expectations of heightened market turbulence in the wake of India’s surging retail price inflation and slowing merchandise exports, which impacts the rupee, FPIs have turned net sellers of Indian stock futures of a significant quantity in just four days, a rare occurrence, according to market experts, who see this as a move to hedge their profits against a falling market. From being cumulatively net long 19,130 stock futures contracts on 9 August, they turned net sellers of 83,366 contracts on 14 August, during which period the Nifty shed a percent or 198 points through Monday’s closing of 19435.55.