India: News

14 Jul 2024

Union Budget

FPIs inject ₹15,352 crore into Indian equities this July

Foreign portfolio investors (FPIs) have funneled ₹15,352 crore into Indian equities during the initial two weeks of July, as per depository data.

13 Jul 2024

Stock Market

₹10,000-2.7L in 10 years: This stock can supercharge your portfolio

Caplin Point Laboratories, a company specializing in the development and marketing of generic formulations, has seen a remarkable 2,767% increase in its stock value over the past 10 years.

13 Jul 2024

Olympics

Olympics: A look at India's medal haul in athletics

The 33rd Summer Olympics edition will be underway on July 26 in Paris, the capital of France.

India's forex reserves up $5B in first week of July

India's foreign exchange reserves have seen a substantial surge of $5.158 billion, reaching a total of $657.155 billion for the week ending July 5, according to the Reserve Bank of India (RBI).

12 Jul 2024

Inflation

India's retail inflation touches 5-month high of 5.1% this June

India's retail inflation rose to 5.08% in June, marking the first increase in five months, according to government data. This exceeds the previous month's 12-month low of 4.75%.

09 Jul 2024

Narendra Modi

Moscow: PM Modi conferred with Russia's top civilian honor

Prime Minister Narendra Modi on Tuesday formally received Russia's highest civilian honor, the Order of St. Andrew the Apostle the First-Called, in Moscow.

TRAI update: More choice and control for TV viewers

The Telecom Regulatory Authority of India (TRAI) has announced amendments to the regulatory framework, for broadcasting and cable services.

08 Jul 2024

Citibank

India's job growth rate doubles to 6% in FY24

India provisionally added 46.7 million jobs in the financial year ending March 2024, as per a report by the Reserve Bank of India (RBI) released on Monday.

08 Jul 2024

Indian Ocean

India's advanced underwater lab to catalog deep-sea flora and fauna

India plans to establish a technologically advanced underwater biodiversity research lab in the Indian Ocean.

IPO market booms: Q2 2024 raises record $4.2 billion

The second quarter of 2024 witnessed a significant surge in the size of initial public offerings (IPOs).

05 Jul 2024

Rishi Sunak

What Keir Starmer's poll win means for UK-India relations

Britain's Labour Party swept to power on Friday after over a decade in opposition—marking the party's return to government less than five years after its worst defeat in nearly a century.

03 Jul 2024

Reliance Jio

Jio, Airtel raise prices today: Here's all about new plans

Reliance Jio and Bharti Airtel, two of India's leading telecom companies, have announced a significant price hike on their data packs.

30 Jun 2024

Finance

Punjab & Sind Bank announces ₹2,000 crore fundraising plan

Punjab & Sind Bank is set to raise ₹2,000 crore in the second half of this fiscal year (FY) through a Qualified Institutional Placement (QIP).

30 Jun 2024

Monsoon

Preparing for monsoon driving in India: 5 essential car accessories

As the monsoon season looms in India, motorists are gearing up their vehicles for the impending rains.

30 Jun 2024

China

US-based Matrix rebrands India, China units for market clarity

Matrix, a US-based venture capital firm, has announced plans to rebrand its affiliates in India and China.

29 Jun 2024

Cybercrimes

India is top target for hackers, faces 2,900 attacks weekly

India is witnessing a significant surge in cybercrimes, with an average of 2,924 attacks on organizations reported weekly over the past six months.

28 Jun 2024

JP Morgan

India enters JP Morgan Bond Index: What is its significant

India has officially become a part of the J.P. Morgan GBI-EM Global Series of indices, a move that could potentially lead to an inflow of $25-30 billion into the country.

27 Jun 2024

5G Technology

India's 5G user base to hit 840 million by 2029

India is expected to witness a significant surge in its 5G user base, reaching approximately 840 million by the end of 2029, as per the latest report from Ericsson Mobility.

26 Jun 2024

Startups

Accel focusing on rural India in search for next unicorns

Accel, a prominent investor in Indian e-commerce and marketplace start-ups, is redirecting its investment focus toward smaller towns and villages in India.

India's external debt climbs to $663.8 billion in March 2024

India's external debt has seen a significant rise, reaching $663.8 billion at the end of March 2024, as per a statement released by the Reserve Bank of India (RBI) today.

India plans $6 billion investment in GenAI by 2027

India is tipped to invest over $6 billion in generative AI (GenAI) by 2027, as per a report from the International Data Corporation (IDC).

India gears up for spectrum auction worth over ₹96,300 crore 

India is set to kick off its spectrum auction today, with airwaves valued at a whopping ₹96,317.65 crore up for grabs.

25 Jun 2024

Xiaomi

Xiaomi plans to set up manufacturing units in India

Chinese smartphone giant, Xiaomi, is in talks with partners to set up manufacturing units in India, to boost local sourcing of handset components.

India's foreign gold reserves hit lowest level in 6 years

India's overseas gold reserves have hit a six-year low, with the Reserve Bank of India (RBI) transferring large quantities of the precious metal back to domestic vaults.

24 Jun 2024

Hero MotoCorp

Hero MotoCorp to implement price hike from July 1

Hero MotoCorp, the world's leading two-wheeler manufacturer, has announced a price increase across its entire range of bikes and scooters in India starting July 1, 2024.

24 Jun 2024

JP Morgan

JPMorgan India CEO Prabdev Singh resigns before term completion

Prabdev Singh, the Chief Executive Officer of JPMorgan Chase & Co.'s bank in India, has resigned before his term ended.

Quant Mutual Fund responds to SEBI's probe, assures full cooperation

Quant Mutual Fund, established by Sandeep Tandon, has clarified to its investors following allegations of front-running by the Securities and Exchange Board of India (SEBI).

24 Jun 2024

Mutual Funds

Groww faces accusations of investment fraud, takes remedial steps

A customer has accused financial services platform, Groww, of fraudulent practices, alleging that her investment was incorrectly processed.

24 Jun 2024

Meta

Meta AI now rolling out to all Indian users

Meta began testing its AI chatbot, Meta AI, in India during elections.

20 Jun 2024

Switzerland

Indian funds in Swiss banks plummet ₹9,771 crore in 2023

Funds held by Indian individuals and companies in Swiss banks have significantly decreased by 70% in 2023.

EPFO records highest-ever monthly addition of 18.92L members in April

The Employees Provident Fund Organisation (EPFO) has reported a record-breaking addition of 18.92 lakh members in April 2024.

20 Jun 2024

Google

CERT-In issues high-risk vulnerability warning to Google Chrome users

The Indian Computer Emergency Response Team (CERT-In) has sounded an alarm over high-risk vulnerabilities in Google Chrome.

20 Jun 2024

Travel And Tourism

Indians spent $30 billion on overseas travel in 2 years

Wealthy Indians have spent a staggering $30 billion on overseas travel in the past two years, according to data from the Liberalised Remittance Scheme (LRS) analyzed by Moneycontrol.

20 Jun 2024

Mutual Funds

India's first EV and new-age automotive ETF debuts next week

Mirae Asset Mutual Fund has declared the launch of India's first Exchange Traded Fund (ETF) dedicated to electric vehicles (EV) and the new-age automotive sector.

20 Jun 2024

Government of India

Indian banks face ATM shortage, seek RBI and government intervention

Indian banks are facing a significant shortage of automated teller machines (ATMs), prompting appeals to the Centre and the Reserve Bank of India (RBI), according to The Economic Times.

20 Jun 2024

Finance

General Catalyst merges with Venture Highway to expand in India

Silicon Valley-based venture capital group, General Catalyst, is merging with Indian venture firm, Venture Highway.

20 Jun 2024

SUV Cars

SUV demand fuels 19% growth in Indian auto industry valuation

The Indian automobile industry has seen a significant 19% increase in value during the financial year 2023-24, reaching ₹10.22 lakh crore.

19 Jun 2024

Foreign Investment

India anticipates decade-high $2 billion bond inflows this month

India is preparing for a significant surge in foreign inflows into its bonds, expected to reach a decade-high of $2 billion around June 28.

19 Jun 2024

Meta

Meta AI lifts restrictions on election-related queries in India

Meta has removed restrictions on election-related queries through its Meta AI chatbot in India, following the conclusion of the election process and the start of the new government's tenure.

19 Jun 2024

Business

Proxy firm advises against Gautam Singhania's reappointment at Raymond

Institutional Investor Advisory Services (IiAS), a prominent proxy advisory firm, has publicly opposed the reappointment of Gautam Singhania, as Chairman and Managing Director of Raymond.