The Economic Times

• newPoonawalla Fincorp Q2 profit soars five-fold YoY to Rs 375 crore
  Poonawalla Fincorp reported a remarkable net profit of ₹375 crore for the second quarter, marking impressive year-on-year growth. The company's loan portfolio expansion contributed to a stellar 75.6% rise in net interest income. Notably, new disbursements made up 28% of the total, exceeding ₹4,400 crore. The gross non-performing asset ratio improved to 1.2%, reflecting enhanced asset quality, while the capital adequacy ratio stood strong at 18.7%, indicating robust financial health.
  - 58 mins ago 10 Oct 26, 9:41am -
• newRupee rises to intra-day high, then slips on dollar demand
  The Indian rupee gained marginally, closing at 96.73 against the dollar on Friday after interventions. The Reserve Bank of India sold dollars through state-owned banks to influence the currency's value. Reserve Bank governor Sanjay Malhotra stated that the currency is undervalued and needs stabilization. Despite this, there remains an overall strong demand for dollars from companies.
  - 59 mins ago 10 Oct 26, 9:40am -
• newSebi notifies new settlement rule; unveils formula, fast-track route. Check details
  The Securities and Exchange Board of India (SEBI) has rolled out fresh regulations that modify how settlement amounts for securities violations are calculated. This revamped formula curtails the double counting of unjust gains in settlement assessments. Moreover, it introduces a fast-track process for cases where settlement amounts are less than ₹10 lakh, aiming for quicker resolutions while ensuring regulatory efficiency in handling securities issues.
  - 1 hour ago 10 Oct 26, 9:36am -
• newD-Street breaks 8-week losing run, outlook stays cautious though
  After an eight-week slump, Indian equities experienced a robust rebound, highlighted by a notable rise in the BSE Sensex. This recovery was buoyed by declining crude oil prices, which eased from their recent peaks. While foreign portfolio investors remained in a selling mood, local institutional investors stepped in with strong buying activity.
  - 1 hour ago 10 Oct 26, 9:29am -
• newAirtel Money debuts on LSE in biggest listing in 5 years
  Airtel Money, the financial services arm of Airtel Africa, made a striking entrance on the London Stock Exchange, captivating investor attention. The offer for sale garnered approximately £529 million through the sale of 270 million existing shares. This initial public offering valued Airtel Mobile Commerce NV at around £5.3 billion, with each share set at £1.96. Conditional trading has recently commenced, leading up to full trading on October 14.
  - 1 hour ago 10 Oct 26, 9:26am -
• newUS stocks: US market posts weekly gains with earnings, inflation data on tap
  Wall Street finished strong on Friday, fueled by optimism ahead of the third-quarter earnings reports from major players like Wells Fargo and Goldman Sachs. Analysts predict a notable growth in S&P 500 earnings year-over-year, even as worries about consumer sentiment loom. Oil prices dipped initially due to conflicting US-Iran news but later recovered. Moreover, significant companies such as Delta Air Lines and Apple reported hurdles impacting their respective stock performances.
  - 9 hours ago 10 Oct 26, 1:39am -
• Nepal rescuers continue search for missing as identification of dead remains challenge
  Eleven days post the catastrophic floods in Nepal, search teams are tirelessly looking for those still missing. Authorities are confronted with the tough task of identifying casualties, as many bodies are severely affected. Approximately 5,000 people, including several foreign nationals, are still unaccounted for after the ice-rock avalanche. The nation seeks international assistance and advocates for climate justice while striving to restore basic services and repair the widespread damage.
  - 33 days ago 7 Sep 26, 12:46am -
• Trump $1 coins aka Golden Dollar are here, minus the gold. The US Mint is putting the sitting president’s face on American money for the first time
  The U.S. Mint has unveiled a striking gold-colored dollar coin honoring President Donald J. Trump, coinciding with the nation's 250th anniversary celebration set for 2026. Crafted from copper, these collector coins will feature a unique privy mark on select pieces. This release represents a noteworthy occasion in the history of U.S. currency.
  - 38 days ago 2 Sep 26, 8:25pm -
• MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
  MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The final 30 minutes of Monday’s session could see significant activity as investors adjust positions. According to Nuvama Alternative and Quantitative Research, the changes include index additions and exclusions, along with weight revisions across several stocks.
  - 41 days ago 30 Aug 26, 2:01pm -
• Nifty weekly outlook: Nifty trapped in 23,900-24,750 range; fresh buying should remain selective
  Nifty ended the week lower after consolidating in a narrow range, with the broader technical structure remaining unchanged. The index moved between 24,076.85 and 24,378.60, while India VIX declined 4.64% to 10.68. Support remains at 23,900–24,000, while a cluster of moving averages continues to cap upside in the 24,400–24,750 zone.
  - 41 days ago 30 Aug 26, 11:51am -
• FPIs turn buyers for second straight month, invest Rs 30,919 cr in August
  During August, foreign portfolio investors added over Rs 30,000 crore to Indian equities, showcasing the ongoing trend of substantial market inflows for the second month in a row. This surge can be attributed to enhancing corporate earnings and a stable economic environment. Furthermore, easing global geopolitical tensions have aided investor optimism, yet uncertainties surrounding crude oil prices and US bond yields remain pressing issues.
  - 41 days ago 30 Aug 26, 11:23am -
• 7 of top 10 firms shed Rs 1.13 lakh cr in m-cap; Airtel, Reliance worst hit
  Last week observed a notable decline in market valuations, with seven out of the ten top firms witnessing a reduction of Rs 1.13 lakh crore. The greatest impact was felt by Bharti Airtel and Reliance Industries, linked to concerns over global interest rates and geopolitical instability. Nonetheless, there was robust buying in IT stocks, which facilitated a recovery in the market on Friday.
  - 41 days ago 30 Aug 26, 11:21am -
• Mcap of four of top-10 most valued firms jumps Rs 1.43 lakh cr; State Bank biggest winner
  In a notable surge, four leading Indian corporations experienced an impressive rise in market valuations, totaling Rs 1.43 lakh crore. The State Bank of India led the charge, boosting its valuation by Rs 63,922 crore. Other notable gainers included Reliance Industries, TCS, and Larsen & Toubro, while LIC, Bajaj Finance, and HDFC Bank suffered significant losses in their valuations.
  - 62 days ago 9 Aug 26, 10:21am -
• Foreign investors continue buying spree; pour Rs 12,921 cr in first week of Aug
  In early August, Foreign Portfolio Investors poured Rs 12,921 crore into Indian equities, building on their notable investments from July. This surge indicates improved investor sentiment and favorable macroeconomic conditions. Furthermore, foreign investors have displayed interest in India's debt market, resulting in additional inflows. However, it’s worth noting that despite these recent inflows, they have been net sellers in the Indian equity market throughout the year.
  - 62 days ago 9 Aug 26, 10:18am -
• RBI special windows seen big enough to bring in $100B
  India's new forex inflow programs may attract approximately one hundred billion dollars. These special drives have already mobilized over forty billion dollars in foreign exchange. Experts predict these initiatives could significantly exceed initial mobilization estimates. The Reserve Bank of India introduced these facilities to support the balance of payments. These programs aim to cushion the rupee and contain imported inflation.
  - 68 days ago 3 Aug 26, 12:43am -

• India, Canada aim to conclude CEPA trade pact by end-2026: MEA
  India and Canada are working to finalize their economic partnership agreement. Negotiations for the Comprehensive Economic Partnership Agreement are progressing well. Both nations aim to conclude these important talks by the end of 2026. This agreement seeks to liberalize trade and strengthen economic cooperation between the two countries. Prime Minister Modi plans a visit later this year to boost bilateral ties.
  - 68 days ago 3 Aug 26, 12:18am -
• Govt's urban reset: Centre divides ministry of Housing and Urban Affairs into two specialised verticals
  The Ministry of Housing and Urban Affairs has undergone a significant structural overhaul. Senior bureaucrats were replaced and new leadership appointed to spearhead its flagship missions. The ministry was split into two specialized departments, focusing on capital development and urban development. This administrative revamp aims to streamline service delivery and accelerate infrastructure projects. Personnel shifts occurred rapidly after the government's decision to divide the ministry.
  - 68 days ago 3 Aug 26, 12:05am -
• Trump announces a deal for Hamas to disarm in Gaza, but many hurdles and uncertainty remain
  US President Donald Trump announced a deal for Hamas disarmament and Israeli withdrawal from Gaza. This agreement involves carefully structured phases for winding down the conflict. Israeli forces will withdraw as disarmament is completed by Hamas. A new Palestinian police force will work with an international stabilization force. Reconstruction of Gaza is envisioned after the war concludes.
  - 71 days ago 31 Jul 26, 6:33am -
• In 1943, US built an entire city, and it didn't exist on a single map
  Oak Ridge, Tennessee, was a secret city of 75,000 people during World War II. This hidden community was established for the Manhattan Project's atomic bomb development. Residents worked on crucial tasks without knowing the overall purpose of their efforts. The city remained invisible to the public until the atomic bombs were deployed. Today, Oak Ridge is a mapped city and a historical park.
  - 75 days ago 27 Jul 26, 4:34pm -
• Humans have a 'third eye' in the brain: Study links it to a 600-million-year-old Cyclops ancestor
  Humans cyclops connection: Scientists claim our eyes and even a hormone-regulating gland in our brain trace back to a bizarre, one-eyed sea creature that lived 600 million years ago.
  - 75 days ago 27 Jul 26, 2:20pm -
• 1,500 ships trapped in Gulf of Hormuz is quietly multiplying an underwater army that could unleash World's biggest bioinvasion event
  Gulf of Hormuz underwater army: Nearly fifteen hundred ships stuck in the Persian Gulf after fighting closed the Strait of Hormuz. These idle vessels are now becoming breeding grounds for marine invasive species, whose build-up of organisms on ship hulls increases fuel consumption significantly. Scientists urge stricter rules to prevent a major bioinvasion event.
  - 78 days ago 24 Jul 26, 9:04am -
• India-UK CETA takes effect: First zero-duty Indian coffee, jewellery consignments reach UK shores
  The India-UK Comprehensive Economic and Trade Agreement has officially come into force. Zero-duty consignments of Indian jewellery and coffee have now landed in the United Kingdom. This landmark pact is expected to significantly boost bilateral trade between the two nations. Businesses anticipate substantial growth and increased market competitiveness following the agreement. The pact aims to strengthen supply chains and support job creation across both countries.
  - 86 days ago 16 Jul 26, 8:56pm -
• From Oman to Tanzania: How the Iran war is redrawing India’s trade map
  India's trade is changing due to West Asia conflict. Oman is now a major import partner, especially for energy. Russia and the US are also key import sources. Singapore has become India's third-largest export destination. Tanzania and South Africa are seeing increased Indian exports. These shifts highlight new trade routes and partnerships.
  - 16 Jun 26, 12:51pm -
• FM Sitharaman flags global crisis spillovers, unfair burden on developing nations
  Finance Minister Nirmala Sitharaman stated that the Global South should not bear the brunt of global imbalances and conflicts. Representing India at a summit, she emphasized the need for coordinated global action and stronger multilateral cooperation to build resilient economies and ensure inclusive growth for all.
  - 12 Jun 26, 1:07am -
• 'Done deal': CM Himanta Biswa Sarma on NDA seat-sharing for Assam polls
  Assam Chief Minister Himanta Biswa Sarma announced the seat-sharing deal for the upcoming assembly elections is complete. The NDA alliance, including BJP, AGP, UPPL, and BPF, has finalized its contest plan. The state leadership will present the candidate list to Union Home Minister Amit Shah soon. Elections for the 126-member assembly are anticipated in March-April, following a recent delimitation exercise.
  - 22 Feb 26, 7:05pm -
• Rare 'intensive' revision in Bihar four months before polls
  The Election Commission's 'Special Intensive Revision' of Bihar's electoral rolls has ignited political debate, differing from past revisions. While intensive revisions aren't new, the timing of Bihar's SIR, months before assembly elections, is unusual. Unlike previous 'de novo' exercises, it builds upon the 2002-03 roll, incorporating new enumeration forms and document submission.
  - 1 Jul 25, 12:24am -
• BJP accuses Kejriwal of sending voters hoax calls to mislead
  BJP has accused Arvind Kejriwal of orchestrating hoax calls to mislead voters, alleging that the AAP is claiming votes are being cut by the BJP to support AAP. They also allege distribution of money in slum areas and raised concerns about voter data confidentiality, demanding an investigation.
  - 26 Jan 25, 5:52pm -
• Lok Sabha election 2024: Maharashtra get interesting after splits in Shiv Sena, NCP
  Lok Sabha election 2024: ​​The BJP-Shiv Sena won 41 of the 48 seats in the 2019 polls, but the Sena has split since and a vast majority of the Bal Thackeray-founded party is now allied with the BJP. The Nationalist Congress Party also split as well with Ajit Pawar joining the ruling alliance in the state, led by Eknath Shinde. In the 2019 Lok Sabha polls, the BJP emerged the top party with 23 seats, followed by the undivided Sena with 18.
  - 17 Mar 24, 12:16pm -
• Modi charisma key factor in BJP's bid to retain all 26 seats in Gujarat
  Gujarat's upcoming Lok Sabha elections are influenced by PM Narendra Modi's charisma, anti-incumbency, unemployment, inflation, education, healthcare challenges, and BJP's endeavor to secure all 26 seats. ​​Lok Sabha polls in Gujarat will be held in a single phase on May 7. Counting of votes will be held on June 4. Anti-incumbency, unemployment, inflation, education and healthcare facilities are some of the other important issues in the election, where the ruling BJP in Gujarat will attempt…
  - 16 Mar 24, 8:35pm -
• Implementation of 'guarantees', decline of BRS favour Congress in Telangana, BJP aiming for better show
  The BJP, riding high on its growing voter base in Telangana, is now aiming to win over 12 out of the total 17 seats and 35 per cent vote share, in the upcoming Lok Sabha polls. The party doubled its vote share to nearly 14 per cent resulting in eight seats in the assembly elections held on November 30, last year. BRS, which ruled the state for about a decade since its emergence, is low on morale following the defeat, even as its founder and former Chief Minister K Chandrasekhar Rao's daughter K…
  - 16 Mar 24, 5:48pm -
• Apple faces Indian engineer’s bias lawsuit
  Anita Nariani Schulze is part of the Sindhi minority. Her complaint alleges that her senior and direct managers, both male, consistently excluded her from meetings while inviting her male counterparts, criticised her, micromanaged her work and deprived her of bonuses, despite positive performance evaluations and significant team contributions.
  - 25 Mar 21, 11:14pm -
• Despite transatlantic 'love fest', EU charts third way in ties with US and China
  But two senior envoys who attended said there was no direct response from the ministers gathered in Brussels when Blinken said: "We must push back on China together and show strength in unity."
  - 12 Mar 21, 4:53pm -
• Twitter's India policy head to step down; will transition in March
  This comes as the San-Francisco based firm is at the receiving end of the Indian government over an issue of blocking and unblocking certain handles tweeting about farmer protests.
  - 7 Feb 21, 1:01pm -
• Govt may keep Rs 7,500 cr outlay for IT hardware manufacturing under PLI scheme
  Foreign companies looking for incentives under the scheme may have to invest Rs 500 crore over four years, while the threshold for domestic firms is likely to be around Rs 20 crore for five years, the source who did not wish to be named said.
  - 18 Jan 21, 9:41pm -
• Indian dating apps, services see surge of paying users in small cities
  Growth More than in MetrosAccording to companies like Aisle and Truly Madly, which have millions of users and position themselves as “serious” dating apps, and bespoke high-end dating services like Sirf Coffee, a lot more users from such places are not only keen on using these apps, but also willing to pay for it.
  - 1 Jan 21, 10:39pm -
• Time for government, companies to adopt artificial intelligence: Deloitte India
  “Indian companies need to re-skill, train, and acquire more relevant talent, if they are to successfully integrate AI technologies. Most importantly, they should be willing to make the continued investment. It is an uphill race in which there will be winners and losers,” said Deloitte India CEO N Venkatram.
  - 27 Dec 20, 11:33pm -
• Narendra Modi has his eyes set on boosting business: Joao Cravinho, EU Ambassador
  Ambassador Joao Cravinho, head of the EU delegation, led Ambassadors of various European countries to a quiet lunch with Modi at the capital last year.
  - 3 Jun 14, 5:34am -
• Confidence level of industry improving: KV Kamath, ICICI Bank
  "It is the collective wisdom of the marketplace that there is action and we will move with speed. That improves the confidence level of industry."
  - 2 Jun 14, 2:27pm -
• We may see rapid growth over the next few years: Raamdeo Agrawal
  Directives from the Centre have to be executed at the state level. So, there are many things that are not in Modi’s hands, says Raamdeo Agrawal.
  - 2 Jun 14, 8:00am -
• Every decision of government needn’t be a big reform: Anand Mahindra
  "The fact that we are the world’s largest democracy and we are all aware that power and a role in global affairs for a nation comes from economic strength."
  - 2 Jun 14, 4:00am -
• Our commitment for press freedom, and autonomy of public broadcast is absolute: Prakash Javadekar
  "Now there is a stage three and stage four of digitisation, we will take a call on this only after taking all things into account."
  - 31 May 14, 4:00am -
• There is a leadership vacuum in Infosys, time to get Nandan Nilekani back: Mohandas Pai
  "There is a leadership vacuum in the company, because they made the wrong choice of CEO three years ago and that is playing out right now."
  - 29 May 14, 12:40pm -
• ET Search
  Rupee#CAD#Economic crisis#Food Bill
  - 6 Aug 13, 1:45pm -
• After the Oscars, what's next for silent stars of The Artist?
  The team behind The Artist will have spent the first day of the rest of their lives conforming to the grandest, and most lucrative, of Hollywood traditions.
  - 29 Feb 12, 12:42am -
• Delhi World Book fair: A fair like no other
  It's the World Book fair, which comes around once every two years sprawling across the giant halls of Pragati Maidan. This is the fair's 20th edition.
  - 25 Feb 12, 7:38am -
• Indian gift makes its way to State Department exhibition
  An elephant figurine gifted by the then HM LK Advani to US Secretary of State Colin Powell in 2002, has made its way to the State Department hall.
  - 24 Feb 12, 1:39pm -
• IMD to use dynamic models for forecasts
  Statistical models used by IMD will still be used for monsoon forecast, but the ministry of earth sciences is putting more emphasis on dynamic models.
  - 22 Feb 12, 2:19am -
• Docs reveal contents of first wire msg between India & Eng
  Newly discovered documents have revealed the first telegraph messages and joy when England was linked for the first time with India on 23 June, 1870.
  - 21 Feb 12, 3:19pm -
• Worried Amitabh Bachchan fans pray to Lord Shiva for his recovery
  Hundreds of worried fans of ailing Bollywood megastar Amitabh Bachchan today performed a yagna here to pray for his speedy recovery.
  - 20 Feb 12, 4:27pm -
• Alfa raises delisting price to Rs 2,850 a share
  Alfa Laval (India) today said its parent firm has raised the delisting offer price to Rs 2,850 a share.
  - 10 Jan 12, 5:49pm -
• DB Realty, Unitech stocks rose
  The stocks of DB Realty and Unitech rose after top executives of these companies were granted bail in the 2G scam case.
  - 30 Nov 11, 3:55am -
• Fitch withdraws Reliance Capital ratings
  Fitch on Friday said it has withdrawn the ratings on Reliance Capital as the company has decided to stop participating.
  - 20 Oct 11, 9:00pm -
• 'Discoms' poor fin health poses risks for traders'
  The poor financial health of state electricity boards could pose significant business risks for power traders in the country, says Fitch.
  - 20 Oct 11, 8:02pm -
• Cigarette cos shares outperform benchmark Sensex
  Shares of cigarette companies have rallied over the past one month, with ITC, Godfrey Philips and VST Industries hitting record highs.
  - 19 Jul 11, 1:35am -
• Lovable Lingerie's dream run on as traders lap it up
  Lovable Lingerie is 3rd-best performing stock among companies listed this year, with it doubling in value, as traders bet it could repeat performance of Page Indus.
  - 18 Jun 11, 12:25am -
• 'Big Daddy' laps up Cipla after Q1 nos beat forecast
  Shares of Cipla inched up on heavy volumes on Friday, after the company’s first quarter earnings beat the consensus estimate.
  - 14 Aug 10, 3:35am -
• Old Fox has dream run on Dalal Street
  The Old Fox of Dalal Street has been on a dream run since the past couple of weeks. On Friday, most stocks that he had been steadily building up positions in figured among key gainers of the day.
  - 14 Aug 10, 3:26am -
• Cairn India hits record high on BSE amid stake sale talks
  The scrip, which was flat for most of the session, shot up in the final hour of trade on the Bombay Stock Exchange to settle with a net gain of 4.36 per cent at Rs 355.45.
  - 13 Aug 10, 8:11pm -
• Vedanta plunges 5.59% on LSE amid talks to buy Cairn stake
  In the late afternoon session, the scrip was being traded at 20.61 pounds, down by 5.50 per cent on the LSE. Vedanta opened on a positive note, but soon swung into the red.
  - 13 Aug 10, 7:26pm -
• SBI shares on gaining spree; hit record high
  In the past two days, the scrip recorded a gain of over 9 per cent on the BSE, making its investors richer by a whopping Rs 15,000 crore.
  - 13 Aug 10, 6:47pm -
• Traders bet on calendar spread as Nifty moves in a tight range
  A trading combination involving Nifty options is gaining prominence among savvy trading desks of institutional investors.
  - 13 Aug 10, 2:25am -
• Seven out of top 10 Asian small-cap funds are Indian
  An analysis of 300 Asian small-cap schemes shows DSP BlackRock Micro Cap Fund leading the charge, delivering an 82% return over the past year.
  - 12 Aug 10, 10:50am -
• Nifty may find support at 5300 level
  As far as stock futures are concerned, we are very near to the highest-ever open interest with 195 crore shares in open interest.
  - 12 Aug 10, 2:22am -
• 'Don't bank only on price-to-earning ratio'
  Many experts believe that looking at PE ratio in isolation won’t help investors grasp realities of the mkt and higher valuation may not be the only deciding factor driving mkt.
  - 9 Aug 10, 3:55am -
• Market may trade in a range, but FIIs seen sold on India
  Market may see range-bound trading this week in the absence of any major trigger.
  - 9 Aug 10, 1:05am -