Indian Financial News

K-Pop group BTS, has been making waves on social media after showcasing his fondness for the Indian song 'Naatu Naatu.' During a live session, Jungkook was seen humming the tune of this Oscar-winning track, sparking excitement among his fans and admirers. The song, featured in the movie RRR, gained global recognition by clinching the esteemed Oscar Award this year. Jungkook's unexpected connection with the Indian melody has ignited discussions and praise across various platforms.

Indian students comprise over 21 per cent of the total population of international students in the United States. During the 2021-2022 academic year, nearly 200,000 Indian students were studying in the United States.

Also read: Ryan Reynolds Buys Stake in F1 Racing Team, Growing His Business Empire The promoter of the event, Madras Motor Sports Club, decided to cancel the remaining races scheduled for August 5th and 6th in response to the incident. "It is tragic to have lost a rider so young and talented.

Narendra Modi through the Manipur governor seeking his immediate intervention for the restoration of peace and normalcy in the state at the earliest. NESO, its leaders said is "deeply pained" to witness the present "anarchical" situation in Manipur as violence and arson continue to engulf most parts of the state for over three months.

The World Cup didn’t go to plan for the Indian men’s hockey team. Despite much euphoria and a commanding lead of 3-1 against New Zealand, India failed to hold on and were knocked out ahead of the quarter-final stage. It has been a steady climb back up since for captain Harmanpreet Singh.

New Delhi: Bureau of Indian Standards, the national standards body of India, on Saturday signed memorandum of understandings (MoUs) with 35 institutions across the country for fostering collaboration in standardization and conformity assessment. The institutions included some prominent NITs, government and private engineering colleges from different states across the country.

Foreign portfolio investors (FPIs) started August on a subdued note, while the inflows by the end of July came in lower than June 2023. FPIs sold ₹2,034 crore in Indian equities so far in August and infused a total of ₹46,618 crore in Julytaking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data. During the last seven trading sessions FPIs sold stocks worth ₹8,545 crore in the cash market, according to analysts.

During the last five-year phase (2018-23), the BCCI had earned USD 944 million (Rs 6,138 crore approx in 2018 exchange rate) from Star India with a price per international game being Rs 60 crore (digital plus TV). Unlike last time, the BCCI will invite separate bids for TV and digital rights after a whopping Rs 48,390 crore earning during the IPL media rights auction where Reliance won the digital bid and Star won the TV rights. The bidding process will once again be conducted through e-auction just like it happened with the IPL media rights as it is considered the most transparent process for best price discovery.

Indian shuttler HS Prannoy entered the Australian Open final after defeating compatriot Priyanshu Rajawat in straight games here on Saturday. The world number nine Prannoy took 43 minutes to ward off 21-year-old Rajawat's challenge 21-18 21-12.

Switzerland rejected 13.2 per cent of all visa applications filed by Indian nationals in 2022, Schengen Statics showed. The same data also showed that 106,025 applications filed by Indians received a positive response. Indians are listed as the 30th nationality in the list of those with rejection rates. Nationalities whose visa applications were rejected the most include Pakistani, Ghanaian, and Congolese nationals. The rejection rates of Pakistani nationals were the highest – 55.1 per cent, showing that more than half of applications for visas got rejected. Ghanaians and Congolese had a rejection rate of 46.5 and 41.5 per cent respectively, while the other nationalities in top 5 included Algerians and Argentinians with 39.9 and 35 per cent rejection rates, respectively. Recently, in an article SchengenVisaInfo.com said that the Swiss embassy in New Delhi has declared its temporary suspension of Schengen visa applications for Indian tour groups until October. Clarifying the same, Swiss embassy in Delhi issued a statement saying that it has not suspended Schengen visa appointments for Indian tour groups and has almost 800 daily appointments through the end of September 2023. The mission asserted that people-to-people contact is at the core of Swiss-Indian relationship.

Mrunal Thakur is set to receive the Diversity in Cinema Award at the upcoming Indian Film Festival of Melbourne (IFFM), the organisers announced Friday. The «Sita Ramam» star will be honoured with the award in recognition of «her outstanding performances across diverse roles and languages in the world of Indian cinema», according to a press release.

Narendra Modi on Saturday hailed the Indian women's compound team for winning the country's first-ever gold medal in the World Archery Championships, saying their hard work and dedication led to the outstanding outcome. The Indian women's compound team of Jyothi Surekha Vennam, Aditi Swami and Parneet Kaur on Friday created history by winning the gold medal in the World Archery Championships in Berlin, beating Mexico in the final.

Check the latest updates on Chandrayaan-3 entering into Moon's orbit at Mint's LIVE blog:On 1 August, the Indian space agency, ISRO, recorded a key manoeuvre -- a slingshot move of the Chandrayyan spacecraft. On this day, ISRO said the craft was sent successfully toward the Moon from Earth's orbit.

Lamborghini, though sales of its super-luxury cars are limited in India due to high taxes and lack of adequate infrastructure, said the Italian automaker's chairman and chief executive, Stephan Winkelmann. «There are more (Indian) owners than we sell cars in India. What is a bit of a challenge today for the Indian market, for sure, is the high taxation we have for our type of products, and then, the infrastructure,» Winkelmann told ET.

Morgan Stanley upgrading the rating on Indian equities to “overweight” and moving it to the 1st position in the basket of Asian emerging markets ex-Japan. The ratings upgrade reflects India’s growing absolute and relative attractiveness as an equity market, according to Ridham Desai, managing director at the global investment firm.

NITI Aayog has laid out a standard definition and approach of water neutrality for Indian industries, saying it will help save water, lead to its efficient use and enable evaluation and validation of the water neutrality claims made by industries. According to the Aayog, henceforth water neutrality will be defined as “total freshwater consumption which is referred to as the sum total of direct freshwater use as well as estimated indirect or virtual water use as a part of water critical supply chains, applicable as on current date referred to as the date on which the evaluation is done, should either be less than or equal to all the quantifiable (and verifiable) water savings achieved through strategies undertaken as well as to be further (and futuristically) executed towards improving operational water use efficiencies, water conservation efforts”.

Selwyn College appointed Guyanese-American Professor Gaiutra Bahadur last week as the «Ramesh and Leela Narain visiting bye-fellow in Indentureship Studies». Bahadur is the author of 'Coolie Woman: The Odyssey of Indenture', a major study of the lives of Indian women who became indentured labourers to colonial plantations in the 19th century. «I am honoured and delighted to be the inaugural visiting bye-fellow in indentureship studies,» said Bahadur.

startups or new-age firms could go public or be ready to trade their shares on bourses by financial year 2025 as the ecosystem has turned its focus on profitability, a report from consulting firm Redseer showed. The focus on profitability has come amidst a prolonged funding winter for Indian startups.

Netherlands coast have safely returned home while the mortal remains of one sailor who was killed in the incident are being repatriated, Indian authorities have said. An Indian crew member was killed and 20 others were injured in the fire that broke out on July 25 on board the Panama-registered ship Fremantle Highway, which was en route from Germany to Egypt. Several crew members were forced to jump overboard.

India is making avocados look affordable by comparison. Once the fruit of choice for the wealthy and the upper middle class (because who else could afford to spend hundreds of rupees on one unit?) avocados are becoming increasingly popular in some parts of the country. This shift in consumer preference can be attributed to both the decrease in avocado prices and the simultaneous hike in tomato prices.

“We are trading close to the last 5-year averages of around 20x forward P/E. Our expected earnings growth will be around 15% CAGR in the next two years, which is clearly on the upswing compared to the rest of the world,” says Rakesh Parekh, MD and Co-Head, Portfolio Management Services, JM Financial Ltd. In an interview with ETMarkets, Parekh said: “We expect India to continue to relatively outperform its peers during the remainder of CY2023 and possibly beyond” Edited excerpts:We are seeing some nervousness at record highs for Mr Market. How do you see things moving – have we hit the top for the moment? It is true, that on absolute valuations, Indian markets have now crossed all-time highs, so we are at peak index level; hence, there is bound to be some nervousness amongst investors.