City Mumbai Financial News

22.01 / 08:03

UPS CEO Platform Sustainability Food performer testing Eternal’s post-founder test begins as Deepinder Goyal steps back, analysts turn cautious

Subscribe to enjoy similar stories. Mumbai and Bengaluru: Eternal is entering its first major post-founder leadership test after Deepinder Goyal stepped down as chief executive officer, a move that has prompted caution among analysts about its impact on stock performance. Eternal’s shares, after touching a high of 7% in early trade, on the back of a good performance in the October-December quarter, slipped 2% to ₹278 apiece later in the day, even as the benchmark index Sensex rose 0.8%.

22.01 / 04:55

markets COST UPS security pandemic reports JSW Steel Q3 preview: Import curbs lift stock, but earnings seen under pressure

Subscribe to enjoy similar stories. Mumbai: JSW Steel stock has surged in the past three weeks in tandem with domestic steel prices after the government put a levy on cheaper imports. The steelmaker’s shares rose 5.7% since 30 December, outperforming the benchmark Sensex, which fell 3.3% over the same period.

22.01 / 03:35

CEO Platform security Pool Deloitte wellness reports India’s wealth boom sparks M&A frenzy as banks chase affluent clients

Subscribe to enjoy similar stories. MUMBAI: India’s wealth management industry is scrambling to scale as a growing pool of household financial wealth remains underserved. Of the at least $1.1 trillion held by the country’s top households, defined as those with annual incomes of $25,000 or more, at the end of FY24, only about $0.7 trillion was addressed by registered wealth managers, according to a 2025 Deloitte report.

21.01 / 17:13

COST UPS Digital Enterprise Interviews L&T bets $1 bn on inhouse forte to face Tata, Adani, Reliance in AI data centres

Subscribe to enjoy similar stories. MUMBAI/NEW DELHI : Larsen and Toubro Ltd expects its billion-dollar bet on data centres to pay off, banking on its ability to control costs by owning land, physical infrastructure and servers.

21.01 / 08:03

markets wellness Healthcare stage hospital reports patient InvAscent-backed Ankura Hospitals may raise ₹400-500 crore, appoints banker

Subscribe to enjoy similar stories. Mumbai: InvAscent-backed Ankura Hospitals has kickstarted a fundraising process to raise ₹400-500 crore in a mix of primary and secondary transactions, three people familiar with the matter said. The Hyderabad-based company has appointed Alvarez & Marsal as an advisor to facilitate the capital raise, and the deal is expected to be launched in the coming weeks, the people said.

21.01 / 06:35

markets COST UPS Aviat Airlines travelers Commentary IndiGo Q3 earnings preview: Flight cancellations cloud investor outlook

Subscribe to enjoy similar stories. New Delhi/Mumbai: As IndiGo, the country’s largest airline by market share, announces its December-quarter earnings on Thursday, the focus will be on the operational disruptions last month that unsettled passengers, regulators, and investors alike. The airline, with 63% market share, cancelled about 4,500 flights in the first week of December as it scrambled to adjust schedules to comply with revised flight duty time limitation (FDTL) norms for pilots.

21.01 / 03:39

markets Strategy Align community Universities show Colleges Ace investor Ramesh Damani acquires stake in this smallcap stock. Should you buy?

Subscribe to enjoy similar stories. The objectives of stock investing involve establishing clear objectives, selecting an investment approach that aligns with your interests, and closely monitoring your portfolio and the market. It can also be very beneficial to learn from successful investors and apply their tried-and-true strategies.

21.01 / 00:39

markets COST Strategy Mobile country Interviews Tata Motors wants to stick to its profitable growth strategy even as rivals chip market share

Subscribe to enjoy similar stories. Tata Motors Ltd, the commercial vehicle business of the Tata group, wants to continue focusing on growing profitability on the back of its product range, even as rivals including Mahindra & Mahindra, Ashok Leyland and VE Commercial Vehicles grow market share.

20.01 / 11:05

markets UPS Strategy cover Why the order of your investment returns matters more than you think.

Subscribe to enjoy similar stories. MUMBAI : The order of investment returns can significantly affect the final portfolio outcome, even if the long-term average return remains the same—this is called sequence of returns risk. It is most relevant during periods when an investor is adding to or withdrawing from a portfolio, rather than simply holding a lump sum.

20.01 / 10:25

markets COST UPS show strain PNB looks to cheaper deposits to defend margins after rate cuts bite

Subscribe to enjoy similar stories. MUMBAI: Punjab National Bank, or PNB, is preparing the ground for further deposit rate cuts as pressure on margins intensifies, betting that cheaper deposits are now the best way to protect profitability as earlier policy rate cuts have already pushed lending yields lower. The state-owned lender cut deposit rates by about 20 basis points (bps) across tenures effective 1 January 2026 and sees scope to go further, managing director and chief executive Ashok Chandra said.

20.01 / 05:51

markets COST FIVE CEO PepsiCo 2020 strain Tailoring a turnaround: Satyaki Ghosh takes the helm at a struggling Raymond

Subscribe to enjoy similar stories. MUMBAI : Raymond Lifestyle is turning to fresh leadership to navigate a darkening retail landscape, appointing Satyaki Ghosh as CEO—the fourth executive to hold the mantle in just five years. Ghosh, who most recently led Grasim Industries’ Cellulosic Fashion Yarn division, takes over the branded apparel company with immediate effect, bringing a resume that includes stints at L’Oreal, Spencer’s Retail, and PepsiCo.

20.01 / 00:37

COST UPS Gap Bill Cycling reports Decades-long reforms: How India's discoms returned to profits but have ₹7 trn of cumulative debt to deal with

Subscribe to enjoy similar stories. New Delhi: India's power distribution sector which has been reeling under high debt and operational losses for several years returned to profits in fiscal 2025. In FY25, distribution utility companies, collectively called discoms, reported a net profit of ₹2,701 crore compared to a loss of ₹25,553 crore in the year before, according to data recently released by the power ministry.

19.01 / 15:25

markets COST ETF Trade track Silver hits record overseas, but India trades at ₹10,000 discount as demand cools

Subscribe to enjoy similar stories. MUMBAI: Even as silver surged to a record high of $93.22, or ₹9,412, an ounce (31.10 grams) in overseas markets, the Indian physical market saw the white metal trading at a discount of ₹10,000 per kg to the landed cost, as demand slowed at historic price levels, trade participants said.

19.01 / 00:45

markets COST Platform Reddit Instagram travelers International Being an authority as a travel partner key to trust for visa: Atlys’ Santosh Hegde

Subscribe to enjoy similar stories. Mumbai: Once an elusive mark of wealth, the annual foreign vacation is now getting increasingly common among affluent Indians in metros and smaller cities alike. So much so that a16z-backed visa services firm Atlys ran a unique sale in August last year, offering visas for just ₹1.

19.01 / 00:31

security Election Cycling country Discrimination rights Of friends & foes: The perpetual poll mode malady

Subscribe to enjoy similar stories. Our intellectual horizon reflects the contagion of election cycles. In a world where nations are indulging in nuclear sabre-rattling, what are our leaders doing? Instead of binding the nation, they are sowing the seeds of dissension.

19.01 / 00:31

UPS Aviat CEO Airlines security show rowing A penalty and a warning later, haze persists over IndiGo pilot hirings

Subscribe to enjoy similar stories. NEW DELHI/MUMBAI : The Directorate General of Civil Aviation’s (DGCA) decision to impose a financial penalty and issue a warning to IndiGo chief executive officer (CEO) Pieter Elbers and chief operating officer (COO) Isidre Porqueras over the weekend has ended more than a month-long regulatory row with the country’s largest airline that was triggered by widespread flight cancellations early December. While the move lifts the immediate regulatory overhang, questions remain over whether IndiGo can realistically induct enough pilots to meet India’s staffing and flight duty norms, according to four consultants and pilots.

18.01 / 08:59

markets FIVE Manufacturing Healthcare Ozon reports testing Xponentia-backed Medsource Ozone hires EY to explore funding options

Subscribe to enjoy similar stories. Mumbai: Faridabad-based Medsource Ozone Biomedicals, an in-vitro diagnostics instruments and reagents manufacturer, has hired the Big 4 audit firm Ernst & Young as an advisor to explore capital-raising options to fund its expansion, said two people familiar with the matter. “The company may look to raise about ₹300-400 crore, and the promoters may liquidate some stake for the incoming investor," one of the people cited above said.

18.01 / 07:47

markets FIVE Mobile Remark Hyundai Experts Features Hyundai, Vinfast lead the charge as cabs become the new battleground for carmakers; Maruti sits pretty at top

Subscribe to enjoy similar stories. Mumbai: A near-three-fold growth in passenger vehicle registrations as taxis in four years is set to intensify competition among India's carmakers in the fast growing segment. According to the government's Vahan portal data, vehicles registered for the taxi segment stood at around 312,665 in calendar year 2025, a growth of 9% from the year-ago period.

18.01 / 07:47

markets COST Provident Booking security performer Steel prices hiked for the second time in two weeks as import curbs take effect

Subscribe to enjoy similar stories. MUMBAI : Domestic steelmakers raised prices twice in January, within weeks of New Delhi imposing a safeguard duty on steel imports, as stronger construction demand, low inventories and improving market sentiment gave mills room to push through hikes. Prices of hot-rolled coil (HRC) and cold-rolled coil (CRC) were increased by 4% to Rs.51,700 per tonne in the second week of January, after a 2-4% hike in early January 2026, according to Big Mint, a commodities market intelligence.

17.01 / 00:25

markets UPS Target Digital show From build to buy: Indian startups chase scale through overseas acquisitions

Subscribe to enjoy similar stories. Mumbai: Established Indian startups are gearing up for large cross-border acquisitions, as they look beyond domestic markets to drive growth, diversify revenue and justify valuations secured in private and public markets, industry executives and bankers said. In 2025, companies pursued 26 outbound deals worth $1.1 billion, the highest on record, while domestic acquisitions touched a four-year high of $4.1 billion across 137 transactions, data from Venture Intelligence showed.

16.01 / 08:05

COST UPS FIVE performer reports Commentary HDFC Bank, ICICI Bank to report steady Q3 on firm loan growth, recovery in margins

Subscribe to enjoy similar stories. Mumbai: India’s two largest private-sector lenders, HDFC Bank and ICICI Bank, are expected to post a steady performance for the December quarter, supported by firm loan growth, improving margins and controlled operating costs, five brokerages said ahead of results on Saturday. However, seasonal marginal pressures on asset quality, particularly agriculture-linked products, may lead to a moderate rise in slippages.

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