Indian Financial News

Predator drones of the Indian Navy have flown over 13,000 hours of missions across the Indian Ocean Region from INS Rajali, Naval Air Base here and helped the maritime force keep a close watch on the entire area for interest of the country. The two drones have been operated by the Indian Navy since November 2020 when the force got them on lease from the American firm General Atomics as part of the emergency procurement powers. «The aircraft has the capability to cover over 4,000-8,000 kms in one go and can operate for more than 30 hours in one stretch which allows them to cover the entire Indian Ocean Region in one go,» the second in command of the Navy's drone unit Lieutenant Commander Lokesh Pandey told ANI. Team covered the operations of the most advanced drone of the force here where the Predator showcased its capabilities. Asked about the 15 more advanced Predator MQ-9B drones that the force would be getting from the US under a tri-services deal, the first Mission Commander of the Predator drones in the country Lieutenant Commander Varsha said the new drones being planned would be equipped with weapons including air to ground missiles, bombs and submarine detection kits fitted with sonobuoys which can help detect the hidden enemy submarines. The Predator drones can be equipped with American Hellfire missiles, bombs and other high-level sensors which can be used for carrying out strikes from long ranges against enemy targets. The American forces have used drones to carry out countless strikes against terrorists like al-Qaeda's Ayman al-Zawahiri, and others. The Indian armed forces are getting 31 of these drones in total as part of a deal announced by India during Prime Minister Narendra Modi's state visit to

When Reddy and his wife, Chandra Gangareddy, immigrants from southern India, settled in the Des Moines suburbs in September 2004, they could count the number of Indian American families on one hand. Only one Indian American had ever served in Congress at the time, and none had dared to mount a bid for the White House. Now, for the first time in the nation's history, two Indian Americans — Nikki Haley and Vivek Ramaswamy — are serious presidential contenders who regularly invoke their parents' immigrant roots.

Indian Hotels Company Ltd. traded 0.96 per cent up in Tuesday's trade at 12:43PM (IST).

US Polls 2024: Vivek Ramaswamy's Silicon Valley fundraiser dinner to cost ₹41 lakh per ticket. More details here Indian Americans account for around 2.1 million or around 16 percent of the 13.4 million Asian Americans eligible to vote and are the third largest Asian-origin population behind Chinese and Filipino Americans, reported New York Times.

Khalistan supporters outside the Indian Consulate in Vancouver held a protest against the killing of Khalistterrorist Hardeep Singh Nijjar amid Canadian Prime Minister Justin Trudeau's allegations that the Indian government was behind his slaying. Protesters waved Khalistan flags, played music and shouted slogans. Some of them burnt India's flag in a garbage can outside the Indian Consulate.

Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! The recent allegations have heightened tensions between the two countries, leading to reciprocal expulsions of diplomats and India's temporary suspension of visas for Canadians. India's response has been dismissive, labelling Trudeau's claims as "absurd" and issuing a travel advisory that warned its citizens about rising "anti-India activities" in Canada.

investors looking for better returns are set to buy more into Indian banks as improved margins and stable asset quality make such stocks attractive for bulge-bracket funds, said a report by S&P Global Market Intelligence. The total market value of foreign institutional investors' holdings in Indian banks has risen to ₹8.3 lakh crore as of June 30, from ₹7.7 lakh crore a year ago, said the report. The country's economic growth prospects and the lenders' solid performance are some factors driving the investor interest. Following this trend, more global investors are likely to participate. In its financial stability report, India's central bank said the asset quality of SCBs continued to improve and their GNPA ratio declined to a decade low of 3.9% in March 2023. «More investments in Indian lenders may come from Australia, Europe, Japan, South Korea and the Middle East», said the report.

Sikh group gathered outside the Indian diplomatic mission in Toronto on Monday, a week after Prime Minister Justin Trudeau raised the prospect of New Delhi's involvement in the murder of a Sikh separatist leader in British Columbia. The protests, which are also planned in Ottawa and Vancouver, are aimed at increasing public awareness about India's alleged role in the killing of Hardeep Singh Nijjar, who was shot dead outside a Sikh temple on June 18 in Surrey, a Vancouver suburb with a high Sikh population, one organizer told Reuters. Between 100 and 150 members were expected to join the protests, Jatinder Singh Grewal, a director of the group Sikh for Justice in Canada, said, but only a dozen people had gathered in front of the Indian consulate in Toronto around noon when the demonstration was set to begin. Protesters began chanting «Khalistan live forever» in the Punjabi language. Trudeau said last week Canada was pursuing «credible allegations» that Indian government agents may have been involved in Nijjar's murder. India swiftly denied any role in the killing and described the allegations as «absurd». The accusations have sparked tit-for-tat retaliation from both countries, with each nation expelling diplomats and New Delhi suspending visas for Canadians. «We are asking Canada to expel the India ambassador, Grewal told Reuters on Sunday. The Indian High Commissioner to Canada, Sanjay Kumar Verma, said concerned authorities have been informed of the protests. »Ensuring security of diplomatic premises and personnel is responsibility of the host country.

WAG-12B locomotives are amongst the most powerful freight engines globally and are pivotal in transforming the landscape of freight transportation within the nation. It is designed to enable faster and safer movement of freight trains. With a power output of 12,000 HP, it possesses the capability to pull loads exceeding 6,000 tons at top speed of 120 km/h.

Indian stock markets rose marginally on Monday as weak global cues weighed on the investors’ sentiments. Gains in financials, consumer durables, realty and banking shares were offset by losses in IT, oil & gas and pharma shares. Foreign institutional investors (FIIs) on Monday sold shares of Indian companies worth Rs 10,843.68 crore and bought stocks for ₹8,510.65 crore, resulting in an outflow of ₹2,333.03 crore, according to NSE data.

JP Morgan said it expects India’s weight to reach a tenth of the GBI-EM Global Diversified index.

Sikh group has called on its members to protest outside the Indian diplomatic missions of main Canadian cities on Monday, a week after Prime Minister Justin Trudeau raised the prospect of New Delhi’s involvement in the murder of a Sikh separatist leader in British Columbia.Trudeau said last week Canada was pursuing “credible allegations” that Indian government agents may be linked to the killing of Hardeep Singh Nijjar, who was shot dead outside a Sikh temple on June 18 in Surrey, a Vancouver suburb with a high Sikh population.India swiftly denied any role in the killing and described the allegations as “absurd.” The accusations have sparked tensions between the two countries, with each nation expelling diplomats, and New Delhi suspending visas for Canadians.Jatinder Singh Grewal, a director for Sikh for Justice in Canada, told Reuters on Sunday that his organization will lead the demonstrations outside the Indian embassies and consulates in Toronto, Ottawa and Vancouver to increase public awareness about Nijjar’s killing.“We are asking Canada to expel the India ambassador,” Grewal said. Representatives for India’s diplomatic missions in Ottawa and Toronto were not immediately available for comment.The Toronto Police Department said it was aware of the planned demonstrations on Monday but declined to disclose details of the security preparations or potential response to any violent situations that may arise during the protest.Nijjar, who worked as a plumber, left the north Indian state of Punjab a quarter-century ago and became a Canadian citizen.

Pakistan cricket team were on Monday issued Indian visas for the ODI World Cup, the International Cricket Council (ICC) confirmed, hours after the PCB raised serious concerns with the global body over the delay in the national team's travel to Hyderabad. The visa clearance came less than 48 hours before Pakistan's scheduled travel to India in the wee hours of September 27.

SBI and Indian Bank, for violation of various regulatory norms.

Reuters. A week ago, Canadian Prime Minister Justin Trudeau alleged had New Delhi's “potential link" to the murder of a Khalistani terrorist Hardeep Singh Nijjar in British Columbia in June. Reuters quoted Jatinder Singh Grewal, a director for Sikh for Justice in Canada, as saying on Sunday that his organisation will lead the protests outside the Indian embassies and consulates in Toronto, Ottawa and Vancouver over Nijjar's killing.

₹1.30 Crore (Rupees One Crore and Thirty Lakh only) on State Bank of India (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’ and ‘Guidelines on Management of Intra-Group Transactions and Exposures’. This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the Banking Regulation Act, 1949.

HDFC Sky app details: HDFC Sky is a new investment app launched by HDFC Securities. The app promises to help users track all their investments in a single place. Here’s a look at the important features that this app is offering.

Pakistan Cricket Board on Monday raised serious concerns with the ICC over the delay in national team's travel to India for the World Cup due to visa issues and claimed the anxious wait has already impacted its preparation for the 50-over showpiece. The PCB wrote to the ICC as it continues to wait for visa clearance from the Indian High Commission in Islamabad. Pakistan were supposed to have a two-day team bonding session in Dubai before their scheduled arrival in Hyderabad on September 27 but it has been cancelled with uncertainty over Indian visa. The Babar Azam-led side plays two warm-up games and as many World Cup matches in Hyderabad starting with the practice fixture against New Zealand on September 29. In the letter addressed to ICC CEO Geoff Allardice, the PCB also claimed that its concerns over visa being granted to players, team officials, fans and journalists for the World Cup in India have not been addressed for more than three years.

Periodic Labour Force Survey (PLFS) upends the common gender norm of the “male breadwinner” norm, i.e. husbands are considered the primary earners with wives contributing to household income only if necessary. According to the State of Working India 2023 report by Azim Premji University which analyses PLFS data, in the households where the husband’s earnings are high, the probability of the wife being employed is low, controlling for individual and household factors. The fall in this probability slows down as husband’s incomes increase in rural India, while for urban areas, there is a reversal beyond a certain level of income. As husband’s earnings keep rising, from approximately ₹40,000 per month onwards, there is an increased likelihood of wives being employed.This U-shaped pattern could result from a change in norms with rising incomes or it could also be due to the fact that such husbands are matched with higher educated wives who have preferences as well as opportunities to access better paid work.

wheat in open market to control price of the grain, the country's food secretary said on Monday. «There's no shortage of wheat in the country and all options are open before the government to control prices,» Food Secretary Sanjeev Chopra said on the sidelines of a wheat millers' meeting.

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